# EDGAR Filing Document

**Accession Number:** 0001589756
**File Stem:** 0001752724-25-204186
**Filing Date:** 2025-8
**Character Count:** 271806
**Document Hash:** 3ce387b67460056c40c2f36bf1b8905f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-204186.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-204186

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS ALTERNATIVE SOLUTIONS TRUST
- **CENTRAL INDEX KEY:** 0001589756

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22906
- **FILM NUMBER:** 251254197

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** 860.263.4790

**MAIL ADDRESS:**
- **STREET 1:** ONE FINANCIAL PLAZA
- **STREET 2:** 26TH FLOOR
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VIRTUS ALTERNATIVE SOLUTIONS FUNDS
- **DATE OF NAME CHANGE:** 20140204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VIRTUS ALTERNATIVES TRUST I
- **DATE OF NAME CHANGE:** 20131022

## Series and Classes Contracts Data

### Virtus AlphaSimplex Global Alternatives Fund (Series ID: S000079777)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000241131 | Class C      | GAFCX           |
| C000241132 | Class I      | GAFYX           |
| C000241133 | Class R6     | GAFNX           |
| C000241134 | Class A      | GAFAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Virtus Alternative Solutions Trust

- **b. Investment Company Act file number:** 811-22906

- **c. CIK number of Registrant:** 0001589756

- **d. LEI of Registrant:** 549300LL1U2Z63VKA167

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

  - **Street Address 1:** 101 Munson Street

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01301-9668

  - **Telephone number:** 800-243-1574

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

- **a. Name of Series:** Virtus AlphaSimplex Global Alternatives Fund

- **b. EDGAR series identifier (if any):** S000079777

- **c. LEI of Series:** 5493000L5JRHPCQVBL75

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $125008633.07

**Total Liabilities:** $3069430.45

**Net Assets:** $121939202.62

**Amount of Assets Invested in Other Investment Companies:** $1521647.30

**Cash Not Reported:** $22888570.45

**Currency Risk Metrics (dv01):**

- 

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

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

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

- **3-Month:** -1.36000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241134 | -1.62%               | 2.23%                | 1.80%                |
| Class ID C000241131 | -1.66%               | 2.11%                | 1.76%                |
| Class ID C000241132 | -1.58%               | 2.08%                | 1.94%                |
| Class ID C000241133 | -1.58%               | 2.17%                | 1.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1182457.46             | $646399.69                                 |
| Month 2  | $815549.34               | $667054.86                                 |
| Month 3  | $690301.85               | $613200.11                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Texas Instruments Inc                       | Texas Instruments Inc                             | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |       397 | NS      | $82425.14     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                          | Energy Transfer LP                                | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |      1936 | NS      | $35099.68     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS INTERNATIONAL GAME TECHNOLOGY PLC             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1075.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS INVENTRUST PROPERTIES CORP                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4409.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PPL Corp                                    | PPL Corp                                          | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |      1146 | NS      | $38837.94     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS OUSTER INC                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-24755.97    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Walt Disney Co/The                          | Walt Disney Co/The                                | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |       546 | NS      | $67709.46     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp                   | New Jersey Resources Corp                         | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |       462 | NS      | $20706.84     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                              | Salesforce Inc                                    | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       229 | NS      | $62446.01     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp                                | Sylvamo Corp                                      | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |      1611 | NS      | $80711.10     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholastic Corp                             | Scholastic Corp                                   | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11027 | NS      | $231346.46    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT           | STOXX EUROPE 600                                  | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               | CORP              | DE        |       249 | NC      | $-79193.58    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                              | CBRE Group Inc                                    | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |       722 | NS      | $101166.64    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AMERICAN WATER WORKS CO INC                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3820.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Union Pacific Corp                          | Union Pacific Corp                                | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       662 | NS      | $152312.96    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Bancshares Inc                    | Northwest Bancshares Inc                          | CUSIP: 667340103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18786 | NS      | $240085.08    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CHORD ENERGY CORP                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3282.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MICROCHIP TECHNOLOGY INC                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-26952.88    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT           | EURO-BTP                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        14 | NC      | $7326.85      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                           | General Motors Co                                 | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |       658 | NS      | $32380.18     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                        | Booking Holdings Inc                              | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        33 | NS      | $191044.92    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS HEALTHCARE REALTY TRUST INC                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $319.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| H&R Block Inc                               | H&R Block Inc                                     | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |      1094 | NS      | $60049.66     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS GLOBAL SHIP LEASE INC                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-14209.46    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS POTLATCHDELTIC CORP                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $12847.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                 | Goldman Sachs Group Inc/The                       | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       123 | NS      | $87053.25     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co                | Portland General Electric Co                      | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |       330 | NS      | $13407.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CYTOKINETICS INC                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2057.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                             | Xcel Energy Inc                                   | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |       310 | NS      | $21111.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                     | Consolidated Edison Inc                           | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |       124 | NS      | $12443.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CVR ENERGY INC                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1519.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Domino's Pizza Inc                          | Domino's Pizza Inc                                | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       229 | NS      | $103187.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management          | Dreyfus Government Cash Management                | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  11671833 | NS      | $11671832.68  | 9.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                             | Morningstar Inc                                   | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |       264 | NS      | $82877.52     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS BLOCK INC                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12207.54    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS GITLAB INC                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $9881.51      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS COINBASE GLOBAL INC                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-46164.53    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS SHOALS TECHNOLOGIES GROUP INC                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7490.13     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CARVANA CO                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8438.59     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                       | Northrop Grumman Corp                             | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |        97 | NS      | $48498.06     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc                | Monolithic Power Systems Inc                      | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       112 | NS      | $81914.56     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                   | LME PRI ALUM                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |        19 | NC      | $27829.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                        | Freeport-McMoRan Inc                              | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      1049 | NS      | $45474.15     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                 | Phillips 66                                       | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |       798 | NS      | $95201.40     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                             | OGE Energy Corp                                   | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |       495 | NS      | $21968.10     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc                            | Markel Group Inc                                  | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |        48 | NS      | $95873.28     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                | United Airlines Holdings Inc                      | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |       514 | NS      | $40929.82     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS BURKE & HERBERT FINANCIAL SERVICES CORP       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4741.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS Securities LLC                          | ZAR/USD FORWARD                                   | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-16.16       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | BP CURRENCY                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        15 | NC      | $12619.79     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                        | Federated Hermes Inc                              | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |      1876 | NS      | $83144.32     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS URANIUM ENERGY CORP                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-27454.90    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| QUALCOMM Inc                                | QUALCOMM Inc                                      | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       379 | NS      | $60359.54     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS STONECO LTD                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-21768.54    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS TRUPANION INC                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7820.33     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS NORDSON CORP                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8492.51     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc                         | Axon Enterprise Inc                               | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       164 | NS      | $135782.16    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                               | Accenture PLC                                     | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       104 | NS      | $31084.56     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L              | Enterprise Products Partners LP                   | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |      2226 | NS      | $69028.26     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AFFIRM HOLDINGS INC                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-33316.67    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp                       | Tenet Healthcare Corp                             | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |       347 | NS      | $61072.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                                  | AMETEK Inc                                        | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |       375 | NS      | $67860.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technolog              | Check Point Software Technologies Ltd             | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |       270 | NS      | $59737.50     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | MSCI EMGMKT                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               | CORP              | US        |        78 | NC      | $89462.50     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                               | Clorox Co/The                                     | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |       823 | NS      | $98817.61     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomson Reuters Corp                        | Thomson Reuters Corp                              | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |       164 | NS      | $32985.32     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | MEXICAN PESO                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        27 | NC      | $12779.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                          | Crown Holdings Inc                                | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |       644 | NS      | $66319.12     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS KITE REALTY GROUP TRUST                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-926.04      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS RIOT PLATFORMS INC                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-62521.32    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| iRadimed Corp                               | iRadimed Corp                                     | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               | CORP              | US        |      1236 | NS      | $73900.44     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                 | Vistra Corp                                       | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       234 | NS      | $45351.54     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS GOLUB CAPITAL BDC INC                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5626.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CONMED CORP                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5502.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                       | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4945386.70   | 4.06%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Exelixis Inc                                | Exelixis Inc                                      | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |      3419 | NS      | $150692.43    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS LOEWS CORP                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1321.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC Bearings Inc                            | RBC Bearings Inc                                  | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       307 | NS      | $118133.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc                     | Insight Enterprises Inc                           | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |       368 | NS      | $50815.28     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS TUTOR PERINI CORP                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6514.26     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Jones Lang LaSalle Inc                      | Jones Lang LaSalle Inc                            | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |       495 | NS      | $126611.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS DAYFORCE INC                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1823.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                         | JPMorgan Chase & Co                               | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       274 | NS      | $79435.34     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                 | Chemed Corp                                       | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |       333 | NS      | $162147.69    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc               | Hilton Worldwide Holdings Inc                     | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |       555 | NS      | $147818.70    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MURPHY OIL CORP                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7100.62      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                       | CUSIP: 912797QZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2941615.62   | 2.41%             | 2025-12-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NVR Inc                                     | NVR Inc                                           | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |         9 | NS      | $66470.94     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                       | Republic Services Inc                             | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |       228 | NS      | $56227.08     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Suburban Propane Partners LP                | Suburban Propane Partners LP                      | CUSIP: 864482104<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | EC               | CORP              | US        |     12873 | NS      | $238536.69    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS SYNAPTICS INC                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6517.63     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Ecolab Inc                                  | Ecolab Inc                                        | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       135 | NS      | $36374.40     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                   | Itron Inc                                         | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |       909 | NS      | $119651.67    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ACV AUCTIONS INC                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8658.66     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Mortgage Capital Inc                | Invesco Mortgage Capital Inc                      | CUSIP: 46131B704<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EC               | CORP              | US        |      8710 | NS      | $68286.40     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                          | USD/NZD FORWARD                                   | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-12278.75    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS TRIUMPH FINANCIAL INC                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3308.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Planet Fitness Inc                          | Planet Fitness Inc                                | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |       649 | NS      | $70773.45     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Resource Partners LP                | Natural Resource Partners LP                      | CUSIP: 63900P608<br>LEI: 529900EECJ7CSX1S1S58 | Long             | EC               | CORP              | US        |       714 | NS      | $68194.14     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS STEPSTONE GROUP INC                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6482.01     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Cboe Global Markets Inc                     | Cboe Global Markets Inc                           | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |       334 | NS      | $77892.14     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc                | FactSet Research Systems Inc                      | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |        78 | NS      | $34887.84     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS TEXAS CAPITAL BANCSHARES INC                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1379.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS INTEL CORP                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7850.50     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Kirby Corp                                  | Kirby Corp                                        | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |       512 | NS      | $58065.92     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc                          | Cohen & Steers Inc                                | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |       852 | NS      | $64198.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                 | Gentex Corp                                       | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |      1360 | NS      | $29906.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                         | Vulcan Materials Co                               | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |       378 | NS      | $98589.96     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp                     | Magnolia Oil & Gas Corp                           | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3263 | NS      | $73352.24     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP                       | Plains GP Holdings LP                             | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |      2137 | NS      | $41521.91     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS EXPAND ENERGY CORP                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-706.61      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| eBay Inc                                    | eBay Inc                                          | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |       986 | NS      | $73417.56     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                                 | GoDaddy Inc                                       | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |       251 | NS      | $45195.06     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS COTY INC                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5626.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp                           | Kinross Gold Corp                                 | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |      3555 | NS      | $55564.65     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ANNALY CAPITAL MANAGEMENT INC                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-629.85      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BellRing Brands Inc                         | BellRing Brands Inc                               | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |      2906 | NS      | $168344.58    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ENTEGRIS INC                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4112.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS DRAFTKINGS INC                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-9686.09     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS VERTIV HOLDINGS CO                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5339.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kyndryl Holdings Inc                        | Kyndryl Holdings Inc                              | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |      2894 | NS      | $121432.24    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                      | F5 Inc                                            | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |       400 | NS      | $117728.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                                    | Dana Inc                                          | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |      3687 | NS      | $63232.05     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                    | Manhattan Associates Inc                          | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |       771 | NS      | $152249.37    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CHARTER COMMUNICATIONS INC                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3782.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AeroVironment Inc                           | AeroVironment Inc                                 | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      1139 | NS      | $324558.05    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS DIVERSIFIED HEALTHCARE TRUST                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4581.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS UNITED PARCEL SERVICE INC                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4974.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                  | INR/USD                                           | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | N/A              | DFE              | CORP              | SG        |       -53 | NC      | $-3822.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp                         | Alliant Energy Corp                               | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |       335 | NS      | $20257.45     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                   | Qorvo Inc                                         | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |       806 | NS      | $68437.46     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International I              | Mettler-Toledo International Inc                  | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |        62 | NS      | $72832.64     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                                  | Ferrari NV                                        | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | IT        |       126 | NS      | $61833.24     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS FRESHPET INC                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $14339.79     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS BIOGEN INC                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2376.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Burlington Stores Inc                       | Burlington Stores Inc                             | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |       191 | NS      | $44434.24     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc               | Old Dominion Freight Line Inc                     | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |       871 | NS      | $141363.30    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT           | EURO-BUXL 30Y BND                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -1 | NC      | $1248.63      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                    | Bank OZK                                          | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |      2631 | NS      | $123814.86    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                                  | Kenvue Inc                                        | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |       732 | NS      | $15320.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                       | General Dynamics Corp                             | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       119 | NS      | $34707.54     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                             | Brookfield Corp                                   | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |      1070 | NS      | $66179.50     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                   | Janus Henderson Group PLC                         | CUSIP: 000000000<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | GB        |      1995 | NS      | $77485.80     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| STAAR Surgical Co                           | STAAR Surgical Co                                 | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Long             | EC               | CORP              | US        |      3218 | NS      | $53998.04     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                          | LOW SU GASOIL G                                   | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $5300.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MKS INC                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3149.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| nCino Inc                                   | nCino Inc                                         | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |      2300 | NS      | $64331.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corp                      | American Woodmark Corp                            | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |      3215 | NS      | $171584.55    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles Internati              | Heidrick & Struggles International Inc            | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |      2764 | NS      | $126480.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ARCHER AVIATION INC                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $507.21       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PG&E Corp                                   | PG&E Corp                                         | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |      3596 | NS      | $50128.24     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp                            | McGrath RentCorp                                  | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |      1062 | NS      | $123149.52    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | NY HARB ULSD                                      | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        -2 | NC      | $-15498.24    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ESSENTIAL PROPERTIES REALTY TRUST INC         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $530.63       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Visa Inc                                    | Visa Inc                                          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       890 | NS      | $315994.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                               | AppLovin Corp                                     | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |       133 | NS      | $46560.64     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT           | SHORT EURO-BTP                                    | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |         9 | NC      | $-2279.33     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                                | Visteon Corp                                      | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      1285 | NS      | $119890.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc                      | Employers Holdings Inc                            | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       629 | NS      | $29676.22     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS TRADE DESK INC/THE                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-313.77      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Procore Technologies Inc                    | Procore Technologies Inc                          | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |      1767 | NS      | $120898.14    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                        | Lockheed Martin Corp                              | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       335 | NS      | $155151.90    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ALTRIA GROUP INC                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $426.32       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc                        | WEC Energy Group Inc                              | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |       205 | NS      | $21361.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                 | Honeywell International Inc                       | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       297 | NS      | $69165.36     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                 | NVIDIA Corp                                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |       709 | NS      | $112014.91    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                             | CVS Health Corp                                   | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |       999 | NS      | $68911.02     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                     | Aon PLC                                           | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | GB        |        44 | NS      | $15697.44     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                            | MercadoLibre Inc                                  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |         6 | NS      | $15681.78     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS HASBRO INC                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12642.20    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Talen Energy Corp                           | Talen Energy Corp                                 | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       428 | NS      | $124449.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                 | Rollins Inc                                       | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |      1334 | NS      | $75264.28     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Partners LP                             | CVR Partners LP                                   | CUSIP: 126633205<br>LEI: 529900LE0OS06MYQRP11 | Long             | EC               | CORP              | US        |       767 | NS      | $68140.28     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                                 | Lennar Corp                                       | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |       451 | NS      | $49885.11     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ALBEMARLE CORP                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7018.97      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS DIAMONDBACK ENERGY INC                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3473.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CBL & ASSOCIATES PROPERTIES INC               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-771.18      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Yum! Brands Inc                             | Yum! Brands Inc                                   | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      1503 | NS      | $222714.54    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CANNAE HOLDINGS INC                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-10729.30    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS DIGITALOCEAN HOLDINGS INC                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3407.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Alight Inc                                  | Alight Inc                                        | CUSIP: 01626W101<br>LEI: 549300600ESCO1HTVN74 | Long             | EC               | CORP              | US        |      9617 | NS      | $54432.22     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp                         | Otis Worldwide Corp                               | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |       417 | NS      | $41291.34     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ADVANCED MICRO DEVICES INC                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-34949.56    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ANTERO RESOURCES CORP                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4822.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS UPSTART HOLDINGS INC                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8763.17     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS COUSINS PROPERTIES INC                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1203.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Origin Bancorp Inc                          | Origin Bancorp Inc                                | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |      3474 | NS      | $124160.76    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MARTIN MARIETTA MATERIALS INC                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1245.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                       | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4941906.25   | 4.05%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERISAFE Inc                               | AMERISAFE Inc                                     | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |       746 | NS      | $32622.58     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorchester Minerals LP                      | Dorchester Minerals LP                            | CUSIP: 25820R105<br>LEI: 529900J537JTEZOMXG05 | Long             | EC               | CORP              | US        |      2623 | NS      | $73076.78     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Stone Minerals LP                     | Black Stone Minerals LP                           | CUSIP: 09225M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7667 | NS      | $100284.36    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp                     | Texas Pacific Land Corp                           | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        80 | NS      | $84511.20     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                    | Lamb Weston Holdings Inc                          | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |      1116 | NS      | $57864.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Commerce Corp                      | Heritage Commerce Corp                            | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |     20659 | NS      | $205143.87    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                 | Exelon Corp                                       | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |       474 | NS      | $20581.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                    | Marsh & McLennan Cos Inc                          | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |       587 | NS      | $128341.68    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookline Bancorp Inc                       | Brookline Bancorp Inc                             | CUSIP: 11373M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15048 | NS      | $158756.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                                  | Corpay Inc                                        | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |       200 | NS      | $66364.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                  | Natera Inc                                        | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       621 | NS      | $104911.74    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                | Tapestry Inc                                      | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      1877 | NS      | $164819.37    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HONG KONG FUTURES EXCHANGE                  | HSCEI                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | HK        |        26 | NC      | $-21496.96    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                                | Innoviva Inc                                      | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |      1662 | NS      | $33389.58     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS LINDE PLC                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-198.21      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lamar Advertising Co                        | Lamar Advertising Co                              | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |       755 | NS      | $91626.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                             | TJX Cos Inc/The                                   | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      1010 | NS      | $124724.90    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AUTOMATIC DATA PROCESSING                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2062.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES EUROPE                          | FTSE 100 INDEX                                    | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-1654.04     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CHURCHILL DOWNS INC                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2348.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | WTI CRUDE                                         | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        32 | NC      | $8696.76      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                           | Brown & Brown Inc                                 | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |       181 | NS      | $20067.47     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                      | Mueller Industries Inc                            | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      1594 | NS      | $126675.18    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS BANCO LATINOAMERICANO DE COMERCIO EXTERIOR SA | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2562.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZoomInfo Technologies Inc                   | ZoomInfo Technologies Inc                         | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |      5953 | NS      | $60244.36     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HONG KONG FUTURES EXCHANGE                  | HANG SENG INDEX                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | HK        |        11 | NC      | $-17675.27    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                     | Illinois Tool Works Inc                           | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |       599 | NS      | $148102.75    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                          | USD/CHF FORWARD                                   | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-49154.10    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Winmark Corp                                | Winmark Corp                                      | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       170 | NS      | $64193.70     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                      | Trane Technologies PLC                            | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |       310 | NS      | $135597.10    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                    | Simon Property Group Inc                          | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |       559 | NS      | $89864.84     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | NASDAQ 100 E-MINI                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |         9 | NC      | $140609.96    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corp                             | 1st Source Corp                                   | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1986 | NS      | $123271.02    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ACADIA REALTY TRUST                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7332.39      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS KENNEDY-WILSON HOLDINGS INC                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $878.52       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS LATTICE SEMICONDUCTOR CORP                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8968.75     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| OSAKA EXCHANGE,INC                          | TOPIX INDX                                        | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               | CORP              | JP        |        17 | NC      | $82011.04     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                 | Oracle Corp                                       | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      1311 | NS      | $286623.93    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease Inc                        | Global Net Lease Inc                              | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |     21267 | NS      | $160565.85    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA Pharmaceuticals Inc                  | ACADIA Pharmaceuticals Inc                        | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |      2839 | NS      | $61237.23     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                              | AptarGroup Inc                                    | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |       431 | NS      | $67421.33     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS COMSTOCK RESOURCES INC                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-22547.66    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| FTAI Aviation Ltd                           | FTAI Aviation Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       335 | NS      | $38538.40     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS IVANHOE ELECTRIC INC / US                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-32945.75    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Baker Hughes Co                             | Baker Hughes Co                                   | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       996 | NS      | $38186.64     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                         | Abbott Laboratories                               | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |         4 | NS      | $544.04       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                | Broadcom Inc                                      | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       471 | NS      | $129831.15    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS INTELLIA THERAPEUTICS INC                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-10009.87    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Dollar Tree Inc                             | Dollar Tree Inc                                   | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |       678 | NS      | $67149.12     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                      | Roper Technologies Inc                            | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       120 | NS      | $68020.80     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ROYALTY PHARMA PLC                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-9177.19     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Twilio Inc                                  | Twilio Inc                                        | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |       595 | NS      | $73994.20     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS COCA-COLA CO/THE                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $16.23        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International In              | Philip Morris International Inc                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |       592 | NS      | $107820.96    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                          | Home Depot Inc/The                                | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       204 | NS      | $74794.56     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                  | Matson Inc                                        | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |       399 | NS      | $44428.65     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                  | Verizon Communications Inc                        | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      6129 | NS      | $265201.83    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT           | EURO STOXX 50                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               | CORP              | DE        |        28 | NC      | $5954.54      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                      | Motorola Solutions Inc                            | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       149 | NS      | $62648.54     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | E-MINI RUSS 2000                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       -18 | NC      | $-22989.44    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                    | Willis Towers Watson PLC                          | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | GB        |        62 | NS      | $19003.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                       | CUSIP: 912797PZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4995970.15   | 4.10%             | 2025-07-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COPT Defense Properties                     | COPT Defense Properties                           | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |      1125 | NS      | $31027.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                             | EMCOR Group Inc                                   | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       465 | NS      | $248723.85    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | S&P MID 400 EMINI                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        22 | NC      | $106149.82    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust In              | Four Corners Property Trust Inc                   | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |       666 | NS      | $17922.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridge Investment Group Holdin              | Bridge Investment Group Holdings Inc              | CUSIP: 10806B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5511 | NS      | $55165.11     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                                    | WD-40 Co                                          | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |       736 | NS      | $167874.24    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                   | Kinsale Capital Group Inc                         | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |       148 | NS      | $71617.20     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                          | SEK/USD FORWARD                                   | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $8991.92      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS GENUINE PARTS CO                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2133.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MYR Group Inc                               | MYR Group Inc                                     | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |       480 | NS      | $87096.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS WEATHERFORD INTERNATIONAL PLC                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1879.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS APPLIED OPTOELECTRONICS INC                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-14317.29    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Kaiser Aluminum Corp                        | Kaiser Aluminum Corp                              | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1544 | NS      | $123365.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS FASTLY INC                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1032.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lowe's Cos Inc                              | Lowe's Cos Inc                                    | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |       343 | NS      | $76101.41     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthStream Inc                            | HealthStream Inc                                  | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |      1252 | NS      | $34642.84     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS THERMO FISHER SCIENTIFIC INC                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3854.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS WAYFAIR INC                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-23491.86    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS FLOWSERVE CORP                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-29476.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Cabot Corp                                  | Cabot Corp                                        | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |      2437 | NS      | $182775.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                        | Howmet Aerospace Inc                              | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |       691 | NS      | $128615.83    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                 | Sterling Infrastructure Inc                       | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |       389 | NS      | $89753.97     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                          | Valero Energy Corp                                | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |       818 | NS      | $109955.56    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                           | Johnson & Johnson                                 | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       298 | NS      | $45519.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc              | American Electric Power Co Inc                    | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |       190 | NS      | $19714.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CTO Realty Growth Inc                       | CTO Realty Growth Inc                             | CUSIP: 22948Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       521 | NS      | $8992.46      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hackett Group Inc/The                       | Hackett Group Inc/The                             | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |      2827 | NS      | $71862.34     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS PAYLOCITY HOLDING CORP                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3108.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| A O Smith Corp                              | A O Smith Corp                                    | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      1547 | NS      | $101436.79    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The                       | New York Times Co/The                             | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |       825 | NS      | $46183.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS COHERENT CORP                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6259.77     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ADVANCE AUTO PARTS INC                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6355.06     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ESSENTIAL UTILITIES INC                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4168.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Customers Bancorp Inc                       | Customers Bancorp Inc                             | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |      2274 | NS      | $133574.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                          | Kontoor Brands Inc                                | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |      1269 | NS      | $83715.93     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Therapeutics Inc                     | Summit Therapeutics Inc                           | CUSIP: 86627T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3020 | NS      | $64265.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                     | Arthur J Gallagher & Co                           | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |        34 | NS      | $10884.08     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc                    | Lennox International Inc                          | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |       133 | NS      | $76240.92     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS UIPATH INC                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4362.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS GLOBE LIFE INC                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1186.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS VITESSE ENERGY INC                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $21407.82     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MGIC Investment Corp                        | MGIC Investment Corp                              | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |      2703 | NS      | $75251.52     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                    | Constellation Brands Inc                          | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |       474 | NS      | $77110.32     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                                 | Invesco Ltd                                       | CUSIP: 000000000<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | US        |      3880 | NS      | $61187.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS FLOOR & DECOR HOLDINGS INC                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2433.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ACM RESEARCH INC                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2818.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MarketAxess Holdings Inc                    | MarketAxess Holdings Inc                          | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |       394 | NS      | $87995.96     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Cor              | Old Republic International Corp                   | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |       716 | NS      | $27523.04     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS SWEETGREEN INC                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $29385.10     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Palomar Holdings Inc                        | Palomar Holdings Inc                              | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |       690 | NS      | $106432.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings Inc                          | Enact Holdings Inc                                | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |       957 | NS      | $35552.55     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS SM ENERGY CO                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $423.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Casey's General Stores Inc                  | Casey's General Stores Inc                        | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |       460 | NS      | $234724.20    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                       | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4994760.40   | 4.10%             | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS WARBY PARKER INC                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-20592.64    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TopBuild Corp                               | TopBuild Corp                                     | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |       262 | NS      | $84819.88     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                  | FedEx Corp                                        | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       758 | NS      | $172300.98    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                       | US Foods Holding Corp                             | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      1095 | NS      | $84325.95     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc               | Intercontinental Exchange Inc                     | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |       232 | NS      | $42565.04     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                        | Deckers Outdoor Corp                              | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      1497 | NS      | $154295.79    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CARMAX INC                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6060.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners              | Coca-Cola Europacific Partners PLC                | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |       396 | NS      | $36717.12     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                                 | Incyte Corp                                       | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      2681 | NS      | $182576.10    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | THREE-MONTH SOFR                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -44 | NC      | $-17620.84    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                              | Eaton Corp PLC                                    | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |       212 | NS      | $75681.88     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Wa              | Expeditors International of Washington Inc        | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      1519 | NS      | $173545.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                            | Boise Cascade Co                                  | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |      4408 | NS      | $382702.56    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MOLSON COORS BEVERAGE CO                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $8048.43      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS NATIONAL STORAGE AFFILIATES TRUST             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $12680.98     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ECHOSTAR CORP                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-37365.64    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | DOLLAR INDEX                                      | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DFE              | CORP              | US        |         2 | NC      | $-3916.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                             | Ulta Beauty Inc                                   | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       204 | NS      | $95435.28     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERTEC Inc                                 | EVERTEC Inc                                       | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |      3239 | NS      | $116765.95    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                  | MSCI SING IX ETS                                  | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | N/A              | DE               | CORP              | SG        |         9 | NC      | $3273.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                        | Targa Resources Corp                              | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |       232 | NS      | $40386.56     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS BRUKER CORP                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-900.04      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ASPEN AEROGELS INC                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $79.20        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Monster Beverage Corp                       | Monster Beverage Corp                             | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      3755 | NS      | $235213.20    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AXCELIS TECHNOLOGIES INC                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12489.14    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AMEREN CORP                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-454.95      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PJT Partners Inc                            | PJT Partners Inc                                  | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |       521 | NS      | $85970.21     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                               | DR Horton Inc                                     | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |       588 | NS      | $75804.96     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstsun Capital Bancorp                    | Firstsun Capital Bancorp                          | CUSIP: 33767U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1843 | NS      | $64044.25     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | AUDUSD CRNCY                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        33 | NC      | $23613.04     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS VEEVA SYSTEMS INC                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-20277.01    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Controls International              | Johnson Controls International plc                | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |       500 | NS      | $52810.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS GAMING AND LEISURE PROPERTIES INC             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3027.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS SIRIUS XM HOLDINGS INC                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5464.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS GOODYEAR TIRE & RUBBER CO/THE                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7400.14      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                  | FTSE CHINA A50                                    | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | N/A              | DE               | CORP              | SG        |       197 | NC      | $-4722.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS QXO INC                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7654.46     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ASSOCIATED BANC-CORP                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2105.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS 10X GENOMICS INC                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-13185.45    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Northwestern Energy Group Inc               | Northwestern Energy Group Inc                     | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |       296 | NS      | $15184.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                    | Etsy Inc                                          | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |       245 | NS      | $12289.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AUSTRALIAN SECURITIES EXCHANGE TRADE24      | SPI 200                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | AU        |         9 | NC      | $-1003.68     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS OMNICOM GROUP INC                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $26365.98     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS UNITY SOFTWARE INC                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-10614.55    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Sysco Corp                                  | Sysco Corp                                        | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |       285 | NS      | $21585.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS APTIV PLC                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2320.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MasTec Inc                                  | MasTec Inc                                        | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |       980 | NS      | $167021.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                             | Match Group Inc                                   | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      4645 | NS      | $143484.05    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ROBINHOOD MARKETS INC                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2048.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IFF                                         | International Flavors & Fragrances Inc            | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |       717 | NS      | $52735.35     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                         | Leidos Holdings Inc                               | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |       513 | NS      | $80930.88     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports Inc                             | Amer Sports Inc                                   | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | FI        |      1154 | NS      | $44729.04     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AMERICAN TOWER CORP                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3237.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COTTON NO.2                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |       -29 | NC      | $2190.08      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT           | EURO-BOBL                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |         4 | NC      | $-1225.07     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                              | S&P Global Inc                                    | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       156 | NS      | $82257.24     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nelnet Inc                                  | Nelnet Inc                                        | CUSIP: 64031N108<br>LEI: 549300T6B0Q52I6OM558 | Long             | EC               | CORP              | US        |       276 | NS      | $33429.12     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                     | Comfort Systems USA Inc                           | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       184 | NS      | $98662.64     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                 | Netflix Inc                                       | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |        50 | NS      | $66956.50     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS XOMETRY INC                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-24793.02    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS Securities LLC                          | NOK/USD FORWARD                                   | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $11.46        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 5YR NOTE (CBT)                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         1 | NC      | $1216.21      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | EURO FX CURR                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        35 | NC      | $113897.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS WP CAREY INC                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-179.35      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| National Beverage Corp                      | National Beverage Corp                            | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               | CORP              | US        |      1744 | NS      | $75410.56     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                                   | Chewy Inc                                         | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |      1557 | NS      | $66359.34     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co                           | Erie Indemnity Co                                 | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |       229 | NS      | $79414.91     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                        | Commercial Metals Co                              | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      2255 | NS      | $110292.05    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmer Mac                                  | Federal Agricultural Mortgage Corp                | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | CORP              | US        |       605 | NS      | $117539.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS WESTLAKE CORP                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-397.14      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Illumina Inc                                | Illumina Inc                                      | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |       778 | NS      | $74228.98     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                             | Southern Co/The                                   | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |       244 | NS      | $22406.52     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                            | Exxon Mobil Corp                                  | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |       691 | NS      | $74489.80     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products In              | Installed Building Products Inc                   | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |       401 | NS      | $72308.32     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS VALARIS LTD                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5511.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ORMAT TECHNOLOGIES INC                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7735.73     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Hartford Insurance Group Inc/T              | Hartford Insurance Group Inc/The                  | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |       208 | NS      | $26388.96     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR NOTE (CBT)                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -49 | NC      | $-64340.23    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                            | Donaldson Co Inc                                  | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |       723 | NS      | $50140.05     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                            | DT Midstream Inc                                  | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       400 | NS      | $43964.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS REINSURANCE GROUP OF AMERICA INC              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1239.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Progressive Corp/The                        | Progressive Corp/The                              | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       193 | NS      | $51503.98     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MONDELEZ INTERNATIONAL INC                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4357.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IDEXX Laboratories Inc                      | IDEXX Laboratories Inc                            | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       163 | NS      | $87423.42     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS DANAHER CORP                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1840.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS HOST HOTELS & RESORTS INC                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1515.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS KEYCORP                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7373.89     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RTX Corp                                    | RTX Corp                                          | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |       554 | NS      | $80895.08     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                              | Mastercard Inc                                    | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       256 | NS      | $143856.64    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackLine Inc                               | BlackLine Inc                                     | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |      1235 | NS      | $69925.70     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp                        | Pilgrim's Pride Corp                              | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |      2589 | NS      | $116453.22    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                       | Quest Diagnostics Inc                             | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |       129 | NS      | $23172.27     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                                 | IDACORP Inc                                       | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |       137 | NS      | $15816.65     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                                | Vontier Corp                                      | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |      3240 | NS      | $119556.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bank                              | Northeast Bank                                    | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |      1577 | NS      | $140337.23    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS EQUINIX INC                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3512.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| XPO Inc                                     | XPO Inc                                           | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |       738 | NS      | $93202.02     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ON SEMICONDUCTOR CORP                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-13614.48    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Mueller Water Products Inc                  | Mueller Water Products Inc                        | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |      4960 | NS      | $119238.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS KRAFT HEINZ CO/THE                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5427.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS DOW INC                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4515.21      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronet Worldwide Inc                       | Euronet Worldwide Inc                             | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |      1100 | NS      | $111518.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AUSTRALIAN SECURITIES EXCHANGE TRADE24      | AUST 3YR BOND                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | AU        |        10 | NC      | $2571.91      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc                    | Corcept Therapeutics Inc                          | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |      1166 | NS      | $85584.40     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                       | Uber Technologies Inc                             | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |       689 | NS      | $64283.70     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTREAL EXCHANGE INC.                      | CAN 10YR BOND                                     | CUSIP: 000000000<br>LEI: 549300DKBYNOI0B1NP44 | N/A              | DIR              | CORP              | CA        |        55 | NC      | $32487.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT           | EURO-SCHATZ                                       | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        11 | NC      | $-1908.28     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS DIGITALBRIDGE GROUP INC                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-11159.98    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Walmart Inc                                 | Walmart Inc                                       | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      1326 | NS      | $129656.28    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                          | 3MO EURO EURIBOR                                  | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |        21 | NC      | $5698.33      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS APARTMENT INVESTMENT AND MANAGEMENT CO        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1637.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CENTERPOINT ENERGY INC                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $968.16       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Applied Materials Inc                       | Applied Materials Inc                             | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |       418 | NS      | $76523.26     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                             | Gen Digital Inc                                   | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |      2298 | NS      | $67561.20     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                        | GeneDx Holdings Corp                              | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       841 | NS      | $77632.71     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc                  | Huron Consulting Group Inc                        | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |       862 | NS      | $118559.48    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                   | Teledyne Technologies Inc                         | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       138 | NS      | $70698.78     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                | Wingstop Inc                                      | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |       130 | NS      | $43776.20     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS HOVNANIAN ENTERPRISES INC                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $22.78        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TreeHouse Foods Inc                         | TreeHouse Foods Inc                               | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |      2181 | NS      | $42355.02     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ARCBEST CORP                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1935.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologies Inc                   | Palantir Technologies Inc                         | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |       137 | NS      | $18675.84     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                  | Humana Inc                                        | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       260 | NS      | $63564.80     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                                 | Moelis & Co                                       | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |      2162 | NS      | $134735.84    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| USA Compression Partners LP                 | USA Compression Partners LP                       | CUSIP: 90290N109<br>LEI: 5493000B1PEOKXRZEO65 | Long             | EC               | CORP              | US        |      9510 | NS      | $231188.10    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                           | Agree Realty Corp                                 | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       611 | NS      | $44639.66     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                               | Pinterest Inc                                     | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4945 | NS      | $177327.70    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                 | CDW Corp/DE                                       | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |       470 | NS      | $83937.30     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                    | NIKE Inc                                          | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      4674 | NS      | $332040.96    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                      | Church & Dwight Co Inc                            | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |       133 | NS      | $12782.63     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dlocal Ltd/Uruguay                          | Dlocal Ltd/Uruguay                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | UY        |      7826 | NS      | $88746.84     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                            | Duke Energy Corp                                  | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |        93 | NS      | $10974.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                          | BRENT CRUDE                                       | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              | CORP              | GB        |        16 | NC      | $20836.76     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT           | EURO-BUND                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -14 | NC      | $8121.96      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT           | EURO-OAT                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -6 | NC      | $6721.38      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc                        | Medpace Holdings Inc                              | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |       597 | NS      | $187374.42    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS BOOT BARN HOLDINGS INC                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $10510.40     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Garrett Motion Inc                          | Garrett Motion Inc                                | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | CH        |      6228 | NS      | $65456.28     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                         | Electronic Arts Inc                               | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |       403 | NS      | $64359.10     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc                  | Apple Hospitality REIT Inc                        | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |      2568 | NS      | $29968.56     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                 | Cencora Inc                                       | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       227 | NS      | $68065.95     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KalVista Pharmaceuticals Inc                | KalVista Pharmaceuticals Inc                      | CUSIP: 483497103<br>LEI: 529900Q7IDA3WUGRZA51 | Long             | EC               | CORP              | US        |     16183 | NS      | $182948.82    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                       | CUSIP: 912797QY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4906954.15   | 4.02%             | 2025-12-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS REMITLY GLOBAL INC                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4003.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| International Seaways Inc                   | International Seaways Inc                         | CUSIP: 000000000<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | US        |      6244 | NS      | $227781.12    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                         | Eagle Materials Inc                               | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |       423 | NS      | $85492.53     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                                   | Ennis Inc                                         | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3741 | NS      | $67861.74     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS LADDER CAPITAL CORP                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2402.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VICI Properties Inc                         | VICI Properties Inc                               | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |       462 | NS      | $15061.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings               | Allison Transmission Holdings Inc                 | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |       767 | NS      | $72857.33     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MARVELL TECHNOLOGY INC                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-11056.29    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fair Isaac Corp                             | Fair Isaac Corp                                   | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |        97 | NS      | $177312.12    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                    | Crane Co                                          | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |       643 | NS      | $122099.27    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sturm Ruger & Co Inc                        | Sturm Ruger & Co Inc                              | CUSIP: 864159108<br>LEI: 529900DV1BWFJSHFO847 | Long             | EC               | CORP              | US        |      2919 | NS      | $104792.10    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                      | Boston Scientific Corp                            | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |       715 | NS      | $76798.15     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                          | SGD/USD FORWARD                                   | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $3054.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Docusign Inc                                | Docusign Inc                                      | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |       814 | NS      | $63402.46     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ASANA INC                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2076.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ATMOS ENERGY CORP                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $55.03        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS LENDINGTREE INC                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4080.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AMCOR PLC                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2913.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | LIVE CATTLE                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              | CORP              | US        |        10 | NC      | $8980.87      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                         | Emerson Electric Co                               | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |       277 | NS      | $36932.41     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kayne Anderson BDC Inc                      | Kayne Anderson BDC Inc                            | CUSIP: 48662X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2511 | NS      | $38317.86     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co                    | American States Water Co                          | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |       383 | NS      | $29360.78     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS BRAZE INC                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3305.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Evercore Inc                                | Evercore Inc                                      | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |       343 | NS      | $92616.86     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                       | 3M Co                                             | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |       223 | NS      | $33949.52     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc                            | A10 Networks Inc                                  | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |      6486 | NS      | $125504.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties Inc                          | LTC Properties Inc                                | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |      1576 | NS      | $54545.36     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellington Financial Inc                     | Ellington Financial Inc                           | CUSIP: 28852N109<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EC               | CORP              | US        |      2380 | NS      | $30916.20     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS NOBLE CORP PLC                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3805.40     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Dorian LPG Ltd                              | Dorian LPG Ltd                                    | CUSIP: 000000000<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               | CORP              | US        |      9764 | NS      | $238046.32    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MODERNA INC                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1014.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NRG Energy Inc                              | NRG Energy Inc                                    | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |       290 | NS      | $46568.20     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corp                               | Ingevity Corp                                     | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |      2363 | NS      | $101821.67    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS WARNER BROS DISCOVERY INC                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-13041.49    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS TFS FINANCIAL CORP                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1545.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PepsiCo Inc                                 | PepsiCo Inc                                       | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       403 | NS      | $53212.12     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                 | Fastenal Co                                       | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |      3914 | NS      | $164388.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                            | FirstEnergy Corp                                  | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |      1144 | NS      | $46057.44     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                | Entergy Corp                                      | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |       220 | NS      | $18286.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                                | NNN REIT Inc                                      | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |      2196 | NS      | $94823.28     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                            | InterDigital Inc                                  | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       517 | NS      | $115926.91    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                           | Expedia Group Inc                                 | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       315 | NS      | $53134.20     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AUSTRALIAN SECURITIES EXCHANGE TRADE24      | AUST 10Y BOND                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | AU        |        59 | NC      | $37081.15     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                   | MGM Resorts International                         | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |      1952 | NS      | $67129.28     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                   | Crocs Inc                                         | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |       607 | NS      | $61476.96     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                  | Grand Canyon Education Inc                        | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |       331 | NS      | $62559.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                             | CMS Energy Corp                                   | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |       669 | NS      | $46348.32     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | S&P500 EMINI                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        21 | NC      | $158614.98    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                          | Conagra Brands Inc                                | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |      9990 | NS      | $204495.30    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                         | Paycom Software Inc                               | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |       504 | NS      | $116625.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | SOYBEAN MEAL                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |       -21 | NC      | $31165.92     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc                           | Post Holdings Inc                                 | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |       225 | NS      | $24531.75     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                  | Deere & Co                                        | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       105 | NS      | $53391.45     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS BRUNSWICK CORP/DE                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1987.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ENPHASE ENERGY INC                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $16059.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | C$ CURRENCY                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        59 | NC      | $7779.16      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp                              | JBT Marel Corp                                    | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |       978 | NS      | $117614.28    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS HUNTSMAN CORP                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $26354.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS BERKSHIRE HILLS BANCORP INC                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5535.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | MSCI EAFE                                         | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               | CORP              | US        |        29 | NC      | $23562.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                                 | Hologic Inc                                       | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |       647 | NS      | $42158.52     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS BALDWIN INSURANCE GROUP INC/THE               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3513.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Robert Half Inc                             | Robert Half Inc                                   | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |      1527 | NS      | $62683.35     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                        | Verisk Analytics Inc                              | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |       271 | NS      | $84416.50     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CNX RESOURCES CORP                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4555.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS APOLLO GLOBAL MANAGEMENT INC                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1916.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS PVH CORP                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1042.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Waste Management Inc                        | Waste Management Inc                              | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |       348 | NS      | $79629.36     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                       | AECOM                                             | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |       465 | NS      | $52479.90     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc                  | Coca-Cola Consolidated Inc                        | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |       290 | NS      | $32378.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| REV Group Inc                               | REV Group Inc                                     | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |      2192 | NS      | $104317.28    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS PATTERSON-UTI ENERGY INC                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13725.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS BORGWARNER INC                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6960.41     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| L3Harris Technologies Inc                   | L3Harris Technologies Inc                         | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |       138 | NS      | $34615.92     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                           | Tractor Supply Co                                 | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      1465 | NS      | $77308.05     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS TWIST BIOSCIENCE CORP                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2505.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Inc                                | Reliance Inc                                      | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |       453 | NS      | $142196.70    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS FIRST SOLAR INC                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2656.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Carlisle Cos Inc                            | Carlisle Cos Inc                                  | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |       343 | NS      | $128076.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH AFRICAN FUTURES EXCHANGE              | FTSE/JSE TOP 40                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | ZA        |         4 | NC      | $2697.73      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS DIODES INC                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8431.84     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Vaxcyte Inc                                 | Vaxcyte Inc                                       | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |      1177 | NS      | $38264.27     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ELANCO ANIMAL HEALTH INC                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1076.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Hawaii Corp                         | Bank of Hawaii Corp                               | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |      1812 | NS      | $122364.36    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc                                   | Aflac Inc                                         | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |       107 | NS      | $11284.22     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemonade Inc                                | Lemonade Inc                                      | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Long             | EC               | CORP              | US        |      1748 | NS      | $76579.88     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                       | Becton Dickinson & Co                             | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |       112 | NS      | $19292.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AMERICOLD REALTY TRUST                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3029.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THE LONDON METAL EXCHANGE                   | LME ZINC                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         5 | NC      | $11237.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust                     | Brandywine Realty Trust                           | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |     12769 | NS      | $54779.01     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ABERCROMBIE & FITCH CO                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2407.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cintas Corp                                 | Cintas Corp                                       | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1028 | NS      | $229110.36    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ELF BEAUTY INC                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $881.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GE Vernova Inc                              | GE Vernova Inc                                    | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |        93 | NS      | $49210.95     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch Health Cos Inc                       | Bausch Health Cos Inc                             | CUSIP: 071734107<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | EC               | CORP              | CA        |      2425 | NS      | $16150.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubiquiti Inc                                | Ubiquiti Inc                                      | CUSIP: 90353W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       450 | NS      | $185242.50    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp                      | Louisiana-Pacific Corp                            | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |       755 | NS      | $64922.45     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MERCURY SYSTEMS INC                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-758.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com Inc                              | Amazon.com Inc                                    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |       544 | NS      | $119348.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS FTAI INFRASTRUCTURE INC                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-21185.77    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                                 | Wix.com Ltd                                       | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |       968 | NS      | $153389.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                   | Graco Inc                                         | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |       397 | NS      | $34130.09     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                          | LONG GILT                                         | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |       -13 | NC      | $-2586.08     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CLEVELAND-CLIFFS INC                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2766.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MPLX LP                                     | MPLX LP                                           | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |       668 | NS      | $34408.68     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AGNC INVESTMENT CORP                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1631.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Camden Property Trust                       | Camden Property Trust                             | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |       957 | NS      | $107844.33    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | JAPAN YEN CURR                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        54 | NC      | $29292.19     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita Inc                                  | DaVita Inc                                        | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |       298 | NS      | $42450.10     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS KILROY REALTY CORP                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6728.30     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Willdan Group Inc                           | Willdan Group Inc                                 | CUSIP: 96924N100<br>LEI: 529900YQO0LF5VAEKN05 | Long             | EC               | CORP              | US        |      1994 | NS      | $124644.94    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CORN                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |       -76 | NC      | $44408.24     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                  | Standex International Corp                        | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      1366 | NS      | $213751.68    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS IQVIA HOLDINGS INC                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $355.57       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS KINDER MORGAN INC                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3053.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AURORA INNOVATION INC                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $8705.38      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Zoetis Inc                                  | Zoetis Inc                                        | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |       434 | NS      | $67682.30     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                 | Dropbox Inc                                       | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |      2296 | NS      | $65665.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                              | SharkNinja Inc                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       518 | NS      | $51276.82     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Capital Inc                         | Trinity Capital Inc                               | CUSIP: 896442308<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EC               | CORP              | US        |      2493 | NS      | $35076.51     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                               | CME Group Inc                                     | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       123 | NS      | $33901.26     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Two Harbors Investment Corp                 | Two Harbors Investment Corp                       | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               | CORP              | US        |     21583 | NS      | $232448.91    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Main Street Capital Corp                    | Main Street Capital Corp                          | CUSIP: 56035L104<br>LEI: 5493001FS9QJLJNF3E20 | Long             | EC               | CORP              | US        |       648 | NS      | $38296.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB BK ASA NEW YORK BRH INS 01JUL25         | DNB BK ASA NEW YORK BRH INS 01JUL25               | CUSIP: 23345HSF6<br>LEI: N/A                  | Long             | DBT              | CORP              | NO        |   5000000 | PA      | $5000002.50   | 4.10%             | 2025-07-01      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS SNAP INC                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7.77         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuveen Churchill Direct Lendin              | Nuveen Churchill Direct Lending Corp              | CUSIP: 67090S108<br>LEI: 254900X3ULEP6XX7HG39 | Long             | EC               | CORP              | US        |      2892 | NS      | $46821.48     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort Inc                 | Monarch Casino & Resort Inc                       | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |      1415 | NS      | $122312.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS XP INC                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-20512.74    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                       | CUSIP: 912797PE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2994480.00   | 2.46%             | 2025-07-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ross Stores Inc                             | Ross Stores Inc                                   | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |       483 | NS      | $61621.14     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS PORCH GROUP INC                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3486.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Masco Corp                                  | Masco Corp                                        | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      1102 | NS      | $70924.72     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                         | General Electric Co                               | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |       483 | NS      | $124319.37    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                 | Trimble Inc                                       | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |      1210 | NS      | $91935.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                                | Penumbra Inc                                      | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |       464 | NS      | $119076.32    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS VERIS RESIDENTIAL INC                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $9146.25      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | SOYBEAN                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        11 | NC      | $-4262.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                              | Hershey Co/The                                    | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |       470 | NS      | $77996.50     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                   | LME ZINC                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |       -11 | NC      | $5450.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MICRON TECHNOLOGY INC                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-10255.49    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS FLAGSTAR FINANCIAL INC                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $8651.55      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AbbVie Inc                                  | AbbVie Inc                                        | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       216 | NS      | $40093.92     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS COLUMBIA BANKING SYSTEM INC                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5925.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AIR PRODUCTS AND CHEMICALS INC                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2893.88     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lululemon Athletica Inc                     | Lululemon Athletica Inc                           | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |       268 | NS      | $63671.44     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                    | Yelp Inc                                          | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |      1738 | NS      | $59561.26     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                           | Cisco Systems Inc                                 | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |       566 | NS      | $39269.08     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands              | NU Holdings Ltd/Cayman Islands                    | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |      4250 | NS      | $58310.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc                | Adtalem Global Education Inc                      | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |      1701 | NS      | $216418.23    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS DOXIMITY INC                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2312.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Schlumberger NV                             | Schlumberger NV                                   | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |      1761 | NS      | $59521.80     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS GENIUS SPORTS LTD                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2853.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS TRUIST FINANCIAL CORP                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4988.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS INNODATA INC                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-785.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEXTracker Inc                              | NEXTracker Inc                                    | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4550 | NS      | $247383.50    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS REALTY INCOME CORP                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1896.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Driven Brands Holdings Inc                  | Driven Brands Holdings Inc                        | CUSIP: 26210V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6928 | NS      | $121655.68    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                  | Amdocs Ltd                                        | CUSIP: 000000000<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | US        |       731 | NS      | $66696.44     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion plc                                | Allegion plc                                      | CUSIP: 000000000<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |       800 | NS      | $115296.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS PBF ENERGY INC                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1945.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Qualys Inc                                  | Qualys Inc                                        | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |       176 | NS      | $25145.12     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc                      | T Rowe Price Group Inc                            | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |       738 | NS      | $71217.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ONTO INNOVATION INC                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3358.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chubb Ltd                                   | Chubb Ltd                                         | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       235 | NS      | $68084.20     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardagh Metal Packaging SA                   | Ardagh Metal Packaging SA                         | CUSIP: 000000000<br>LEI: 5493009WKQTU4FN9G032 | Long             | EC               | CORP              | LU        |     56307 | NS      | $240993.96    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                       | American Homes 4 Rent                             | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |      1008 | NS      | $36358.56     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                   | Apple Inc                                         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |       362 | NS      | $74271.54     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS PERIMETER SOLUTIONS INC                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5447.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SS&C Technologies Holdings Inc              | SS&C Technologies Holdings Inc                    | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |       419 | NS      | $34693.20     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ARTISAN PARTNERS ASSET MANAGEMENT INC         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-268.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Madrigal Pharmaceuticals Inc                | Madrigal Pharmaceuticals Inc                      | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |       234 | NS      | $70817.76     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Inc                              | WisdomTree Inc                                    | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |      8739 | NS      | $100585.89    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc                     | Axsome Therapeutics Inc                           | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |       537 | NS      | $56057.43     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.                    | COPPER                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         2 | NC      | $6801.31      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                    | MSCI Inc                                          | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       123 | NS      | $70939.02     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                               | DTE Energy Co                                     | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |       194 | NS      | $25697.24     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp                            | Boyd Gaming Corp                                  | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      2581 | NS      | $201911.63    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                          | USD/SEK FORWARD                                   | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-22285.66    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Williams-Sonoma Inc                         | Williams-Sonoma Inc                               | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |       468 | NS      | $76457.16     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics Corp                    | PROCEPT BioRobotics Corp                          | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1588 | NS      | $91468.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                             | T-Mobile US Inc                                   | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |       244 | NS      | $58135.44     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kearny Financial Corp/MD                    | Kearny Financial Corp/MD                          | CUSIP: 48716P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58816 | NS      | $379951.36    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS SPHERE ENTERTAINMENT CO                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6586.78     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Medtronic PLC                               | Medtronic PLC                                     | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |        39 | NS      | $3399.63      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                                 | Progyny Inc                                       | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2835 | NS      | $62370.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                        | Chart Industries Inc                              | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      2397 | NS      | $394666.05    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS APA CORP                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $111.55       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MONGODB INC                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-15384.13    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Halozyme Therapeutics Inc                   | Halozyme Therapeutics Inc                         | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      1375 | NS      | $71527.50     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COFFEE 'C'                                        | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        -1 | NC      | $18206.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmode Ltd                                  | Inmode Ltd                                        | CUSIP: 000000000<br>LEI: 984500DD95A35E9BD358 | Long             | EC               | CORP              | IL        |      1236 | NS      | $17847.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                        | Bank of America Corp                              | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |       825 | NS      | $39039.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | SUGAR #11 (WORLD)                                 | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        19 | NC      | $-18088.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp                  | Pinnacle West Capital Corp                        | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |       216 | NS      | $19325.52     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings               | Clearwater Analytics Holdings Inc                 | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5308 | NS      | $116404.44    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS COMPASS INC                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4725.41      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Southwest Gas Holdings Inc                  | Southwest Gas Holdings Inc                        | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |       907 | NS      | $67471.73     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AMERICAN INTERNATIONAL GROUP INC              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-328.26      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Perrigo Co PLC                              | Perrigo Co PLC                                    | CUSIP: 000000000<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |      4446 | NS      | $118797.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                         | Kimberly-Clark Corp                               | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |       651 | NS      | $83926.92     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc                  | Sprouts Farmers Market Inc                        | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |       243 | NS      | $40007.52     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp                       | Antero Midstream Corp                             | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13130 | NS      | $248813.50    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ARRAY TECHNOLOGIES INC                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7441.75     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Reynolds Consumer Products Inc              | Reynolds Consumer Products Inc                    | CUSIP: 76171L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1335 | NS      | $28595.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                   | Dick's Sporting Goods Inc                         | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |       239 | NS      | $47276.59     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains All American Pipeline L              | Plains All American Pipeline LP                   | CUSIP: 726503105<br>LEI: 5521FA2ITF25TVH63740 | Long             | EC               | CORP              | US        |      6032 | NS      | $110506.24    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestis Corp                                 | Vestis Corp                                       | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |      9887 | NS      | $56652.51     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS BOEING CO/THE                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-11415.75    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MONTREAL EXCHANGE INC.                      | S&P/TSX 60 IX                                     | CUSIP: 000000000<br>LEI: 549300DKBYNOI0B1NP44 | N/A              | DE               | CORP              | CA        |         1 | NC      | $1953.37      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                | AutoZone Inc                                      | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        17 | NS      | $63107.91     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface Inc                               | Interface Inc                                     | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |      5694 | NS      | $119175.42    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AVERY DENNISON CORP                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $65.50        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VeriSign Inc                                | VeriSign Inc                                      | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |       354 | NS      | $102235.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                       | CUSIP: 912797NU7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5878069.98   | 4.82%             | 2025-12-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS OPEN TEXT CORP                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4457.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chipotle Mexican Grill Inc                  | Chipotle Mexican Grill Inc                        | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3220 | NS      | $180803.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Avis Budget Group Inc                       | Avis Budget Group Inc                             | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |       189 | NS      | $31950.45     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                     | SBA Communications Corp                           | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |       465 | NS      | $109200.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7 Inc                                  | Rapid7 Inc                                        | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |       555 | NS      | $12837.15     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                | Autodesk Inc                                      | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |       250 | NS      | $77392.50     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                                 | ROBLOX Corp                                       | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       820 | NS      | $86264.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                   | LME NICKEL                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |        -4 | NC      | $20404.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         5 | NC      | $12109.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc               | Lincoln Electric Holdings Inc                     | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |       345 | NS      | $71525.40     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US ULTRA BOND CBT                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -3 | NC      | $-11595.96    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS SAREPTA THERAPEUTICS INC                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $20776.43     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Southwest Airlines Co                       | Southwest Airlines Co                             | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |      1892 | NS      | $61376.48     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                            | NMI Holdings Inc                                  | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |      1685 | NS      | $71090.15     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc               | Interactive Brokers Group Inc                     | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |       988 | NS      | $54745.08     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                 | Nutanix Inc                                       | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |      1362 | NS      | $104111.28    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS SITIME CORP                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-11978.51    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CLOUDFLARE INC                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-20615.71    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Commvault Systems Inc                       | Commvault Systems Inc                             | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |       824 | NS      | $143647.92    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                        | Colgate-Palmolive Co                              | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      2147 | NS      | $195162.30    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                    | EastGroup Properties Inc                          | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |       195 | NS      | $32588.40     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                               | Ingredion Inc                                     | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      1021 | NS      | $138468.02    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp                      | Primoris Services Corp                            | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      1312 | NS      | $102257.28    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadian Asset Management Inc                | Acadian Asset Management Inc                      | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |      5763 | NS      | $203088.12    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ALIGN TECHNOLOGY INC                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3660.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chefs' Warehouse Inc/The                    | Chefs' Warehouse Inc/The                          | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |      1842 | NS      | $117538.02    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                  | Garmin Ltd                                        | CUSIP: 000000000<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |       182 | NS      | $37987.04     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's Co/The                              | Wendy's Co/The                                    | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |      4662 | NS      | $53240.04     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp                              | Solventum Corp                                    | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |       837 | NS      | $63478.08     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                | Alphabet Inc                                      | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       785 | NS      | $138340.55    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.                    | SILVER                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         1 | NC      | $-2377.15     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                              | Air Lease Corp                                    | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |      2099 | NS      | $122770.51    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS RYMAN HOSPITALITY PROPERTIES INC              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-797.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cava Group Inc                              | Cava Group Inc                                    | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       463 | NS      | $38998.49     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS J M SMUCKER CO/THE                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $10527.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United Rentals Inc                          | United Rentals Inc                                | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       207 | NS      | $155953.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp International/US               | Service Corp International/US                     | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |       423 | NS      | $34432.20     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL              | Seagate Technology Holdings PLC                   | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | US        |       525 | NS      | $75773.25     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International In              | Choice Hotels International Inc                   | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |       560 | NS      | $71052.80     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ENVISTA HOLDINGS CORP                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5244.28     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chevron Corp                                | Chevron Corp                                      | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       235 | NS      | $33649.65     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ICHOR HOLDINGS LTD                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1400.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pacific Premier Bancorp Inc                 | Pacific Premier Bancorp Inc                       | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |     16257 | NS      | $342860.13    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpring Health Services I              | BrightSpring Health Services Inc                  | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3803 | NS      | $89712.77     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                       | CUSIP: 912797NX1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4998835.85   | 4.10%             | 2025-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Atlassian Corp                              | Atlassian Corp                                    | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |       424 | NS      | $86110.16     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | NATURAL GAS                                       | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         9 | NC      | $-18540.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                         | Synchrony Financial                               | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      1372 | NS      | $91567.28     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                   | Gates Industrial Corp PLC                         | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |      5192 | NS      | $119571.76    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AVANTOR INC                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-209.17      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HCA Healthcare Inc                          | HCA Healthcare Inc                                | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       200 | NS      | $76620.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc                     | Goosehead Insurance Inc                           | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |      1142 | NS      | $120492.42    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 2YR NOTE (CBT)                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -1 | NC      | $-937.91      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS COOPER COS INC/THE                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $9964.70      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ALLEGRO MICROSYSTEMS INC                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-16674.47    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ESTEE LAUDER COS INC/THE                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-30723.35    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COCOA                                             | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         3 | NC      | $1419.74      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                       | CUSIP: 912797QA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4991925.70   | 4.09%             | 2025-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | WHEAT (CBT)                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |       -10 | NC      | $6530.84      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.                    | GOLD 100 OZ                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         5 | NC      | $839.68       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS AGIOS PHARMACEUTICALS INC                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2955.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MERUS NV                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $155.44       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| McDonald's Corp                             | McDonald's Corp                                   | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       385 | NS      | $112485.45    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings Inc                  | Howard Hughes Holdings Inc                        | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |      2629 | NS      | $177457.50    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products Inc                         | Dorman Products Inc                               | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |       985 | NS      | $120829.95    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS BRIDGEBIO PHARMA INC                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5533.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WW Grainger Inc                             | WW Grainger Inc                                   | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |        69 | NS      | $71776.56     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ONE LIBERTY PROPERTIES INC                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2975.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | GASOLINE RBOB                                     | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |       -10 | NC      | $-10270.90    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CELSIUS HOLDINGS INC                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-17900.09    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SITE Centers Corp                           | SITE Centers Corp                                 | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |     19056 | NS      | $215523.36    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS COLUMBIA FINANCIAL INC                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2120.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Proto Labs Inc                              | Proto Labs Inc                                    | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |      2990 | NS      | $119719.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MONDAY.COM LTD                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4277.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Alliance Resource Partners LP               | Alliance Resource Partners LP                     | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |      4688 | NS      | $122544.32    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS IDEAYA BIOSCIENCES INC                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4333.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Storage                              | Public Storage                                    | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |       370 | NS      | $108565.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                       | Spotify Technology SA                             | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |       137 | NS      | $105125.58    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                                  | Kforce Inc                                        | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |      1464 | NS      | $60214.32     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS INTERNATIONAL BUSINESS MACHINES CORP          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7459.39     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PTC Therapeutics Inc                        | PTC Therapeutics Inc                              | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |      1262 | NS      | $61636.08     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                     | O'Reilly Automotive Inc                           | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      1095 | NS      | $98692.35     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions              | Broadridge Financial Solutions Inc                | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |       377 | NS      | $91622.31     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                          | Graham Holdings Co                                | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |       124 | NS      | $117325.08    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS XENIA HOTELS & RESORTS INC                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2285.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS NEOGENOMICS INC                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $20001.39     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CorVel Corp                                 | CorVel Corp                                       | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       714 | NS      | $73384.92     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS RAMBUS INC                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-9399.88     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Southern Copper Corp                        | Southern Copper Corp                              | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |       650 | NS      | $65760.50     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MEFF RENTA VARIABLE (MADRID)                | IBEX 35 INDX                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | ES        |         1 | NC      | $-497.09      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS INGERSOLL RAND INC                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $524.07       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Securities LLC                          | PLN/USD FORWARD                                   | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $9055.75      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co/The                     | Sherwin-Williams Co/The                           | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |       139 | NS      | $47727.04     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                  | Evergy Inc                                        | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |       346 | NS      | $23849.78     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS FLYWIRE CORP                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8681.56     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ARROWHEAD PHARMACEUTICALS INC                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7108.24     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp                           | Lam Research Corp                                 | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      1027 | NS      | $99968.18     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS ELME COMMUNITIES                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5610.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gibraltar Industries Inc                    | Gibraltar Industries Inc                          | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1963 | NS      | $115817.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos Inc/T              | Interpublic Group of Cos Inc/The                  | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |      9137 | NS      | $223673.76    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Anterix Inc                                 | Anterix Inc                                       | CUSIP: 03676C100<br>LEI: 549300QIX2QHFGIEQG40 | Long             | EC               | CORP              | US        |      4241 | NS      | $108781.65    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CONFLUENT INC                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5289.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Caterpillar Inc                             | Caterpillar Inc                                   | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       153 | NS      | $59396.13     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                   | Adobe Inc                                         | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       163 | NS      | $63061.44     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Co              | Booz Allen Hamilton Holding Corp                  | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      1232 | NS      | $128288.16    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MICROSTRATEGY INC                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-16577.84    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                          | Meta Platforms Inc                                | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       207 | NS      | $152784.63    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                    | KLA Corp                                          | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |        84 | NS      | $75242.16     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MATTEL INC                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-749.99      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The                     | Procter & Gamble Co/The                           | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |        69 | NS      | $10993.08     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS C3.AI INC                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2131.75     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS SENSATA TECHNOLOGIES HOLDING PLC              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8157.38     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS PROLOGIS INC                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6108.84      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS CHARLES RIVER LABORATORIES INTERNATIONAL INC  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8747.79     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Armstrong World Industries Inc              | Armstrong World Industries Inc                    | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |       756 | NS      | $122804.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                       | Costco Wholesale Corp                             | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |        77 | NS      | $76225.38     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                | NiSource Inc                                      | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |       592 | NS      | $23881.28     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS TRUSTMARK CORP                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3084.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS COMCAST CORP                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2244.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Virtus Alternative Solutions Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer