# EDGAR Filing Document

**Accession Number:** 0001227523
**File Stem:** 0001752724-23-043330
**Filing Date:** 2023-2
**Character Count:** 128370
**Document Hash:** f215e63d0e7250311ba90f3864de0cbb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043330.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043330

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OPTIMUM FUND TRUST
- **CENTRAL INDEX KEY:** 0001227523
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21335
- **FILM NUMBER:** 23674597

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354
- **BUSINESS PHONE:** 800.914.0278

**MAIL ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BOB TRUST
- **DATE OF NAME CHANGE:** 20030415

## Series and Classes Contracts Data

### OPTIMUM SMALL-MID CAP VALUE FUND (Series ID: S000002425)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000006463 | OPTIMUM SMALL-MID CAP VALUE FUND CLASS A             | OASVX           |
| C000006465 | OPTIMUM SMALL-MID CAP VALUE FUND CLASS C             | OCSVX           |
| C000006466 | OPTIMUM SMALL-MID CAP VALUE FUND INSTITUTIONAL CLASS | OISVX           |

## Nport-Ex

## Schedule of investments
Optimum Small-Mid Cap Value Fund

December 31, 2022 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 98.51%** | &nbsp;&nbsp;**Common Stocks — 98.51%** | &nbsp;&nbsp;**Common Stocks — 98.51%** |
| &nbsp;&nbsp;Communication Services — 6.14% | &nbsp;&nbsp;Communication Services — 6.14% | &nbsp;&nbsp;Communication Services — 6.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMC Networks Class A † | &nbsp;&nbsp;&nbsp;&nbsp;30800 | $482636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Audacy † | &nbsp;&nbsp;&nbsp;&nbsp;206300 | &nbsp;&nbsp; 46438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gray Television | &nbsp;&nbsp;&nbsp;&nbsp;65200 | &nbsp;&nbsp; 729588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John Wiley & Sons Class A | &nbsp;&nbsp;&nbsp;&nbsp;185419 | &nbsp;&nbsp; 7427885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lumen Technologies | &nbsp;&nbsp;&nbsp;&nbsp;150400 | &nbsp;&nbsp; 785088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nexstar Media Group | &nbsp;&nbsp;&nbsp;&nbsp;98937 | &nbsp;&nbsp; 17316943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paramount Global Class B | &nbsp;&nbsp;&nbsp;&nbsp;37200 | &nbsp;&nbsp; 627936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ziff Davis † | &nbsp;&nbsp;&nbsp;&nbsp;135183 | &nbsp;&nbsp; 10692976 |
|  |  | &nbsp;&nbsp; 38109490 |
| &nbsp;&nbsp;Consumer Discretionary — 11.29% | &nbsp;&nbsp;Consumer Discretionary — 11.29% | &nbsp;&nbsp;Consumer Discretionary — 11.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aaron's | &nbsp;&nbsp;&nbsp;&nbsp;45700 | &nbsp;&nbsp; 546115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Axle & Manufacturing Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;114200 | &nbsp;&nbsp; 893044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bloomin' Brands | &nbsp;&nbsp;&nbsp;&nbsp;74100 | &nbsp;&nbsp; 1490892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BorgWarner | &nbsp;&nbsp;&nbsp;&nbsp;41200 | &nbsp;&nbsp; 1658300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brunswick | &nbsp;&nbsp;&nbsp;&nbsp;21300 | &nbsp;&nbsp; 1535304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capri Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;15000 | &nbsp;&nbsp; 859800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dick's Sporting Goods | &nbsp;&nbsp;&nbsp;&nbsp;17900 | &nbsp;&nbsp; 2153191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foot Locker | &nbsp;&nbsp;&nbsp;&nbsp;48800 | &nbsp;&nbsp; 1844152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodyear Tire & Rubber † | &nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp; 710500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guess? | &nbsp;&nbsp;&nbsp;&nbsp;47500 | &nbsp;&nbsp; 982775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H&R Block | &nbsp;&nbsp;&nbsp;&nbsp;40400 | &nbsp;&nbsp; 1475004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harley-Davidson | &nbsp;&nbsp;&nbsp;&nbsp;43800 | &nbsp;&nbsp; 1822080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Haverty Furniture | &nbsp;&nbsp;&nbsp;&nbsp;43900 | &nbsp;&nbsp; 1312610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Helen of Troy † | &nbsp;&nbsp;&nbsp;&nbsp;25416 | &nbsp;&nbsp; 2818888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kohl's | &nbsp;&nbsp;&nbsp;&nbsp;47900 | &nbsp;&nbsp; 1209475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lear | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8300 | &nbsp;&nbsp; 1029366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leslie's † | &nbsp;&nbsp;&nbsp;&nbsp;354770 | &nbsp;&nbsp; 4331742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lithia Motors | &nbsp;&nbsp;&nbsp;&nbsp;36601 | &nbsp;&nbsp; 7493689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Macy's | &nbsp;&nbsp;&nbsp;&nbsp;73400 | &nbsp;&nbsp; 1515710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Malibu Boats Class A † | &nbsp;&nbsp;&nbsp;&nbsp;19500 | &nbsp;&nbsp; 1039350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MDC Holdings | &nbsp;&nbsp;&nbsp;&nbsp;54648 | &nbsp;&nbsp; 1726877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Modine Manufacturing † | &nbsp;&nbsp;&nbsp;&nbsp;76800 | &nbsp;&nbsp; 1525248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mohawk Industries † | &nbsp;&nbsp;&nbsp;&nbsp;13600 | &nbsp;&nbsp; 1390192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nordstrom | &nbsp;&nbsp;&nbsp;&nbsp;28400 | &nbsp;&nbsp; 458376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ODP † | &nbsp;&nbsp;&nbsp;&nbsp;29100 | &nbsp;&nbsp; 1325214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Penske Automotive Group | &nbsp;&nbsp;&nbsp;&nbsp;28619 | &nbsp;&nbsp; 3289181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PulteGroup | &nbsp;&nbsp;&nbsp;&nbsp;53000 | &nbsp;&nbsp; 2413090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PVH | &nbsp;&nbsp;&nbsp;&nbsp;23100 | &nbsp;&nbsp; 1630629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qurate Retail Series A † | &nbsp;&nbsp;&nbsp;&nbsp;97500 | &nbsp;&nbsp; 158925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sally Beauty Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;65000 | &nbsp;&nbsp; 813800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shoe Carnival | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp; 9564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sleep Number † | &nbsp;&nbsp;&nbsp;&nbsp;14600 | &nbsp;&nbsp; 379308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Smith & Wesson Brands | &nbsp;&nbsp;&nbsp;&nbsp;67800 | &nbsp;&nbsp; 588504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sonic Automotive Class A | &nbsp;&nbsp;&nbsp;&nbsp;29600 | &nbsp;&nbsp; 1458392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tapestry | &nbsp;&nbsp;&nbsp;&nbsp;37600 | &nbsp;&nbsp; 1431808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thor Industries | &nbsp;&nbsp;&nbsp;&nbsp;14900 | &nbsp;&nbsp; 1124801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toll Brothers | &nbsp;&nbsp;&nbsp;&nbsp;49500 | &nbsp;&nbsp; 2471040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Travel + Leisure | &nbsp;&nbsp;&nbsp;&nbsp;12500 | &nbsp;&nbsp; 455000 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** |
| &nbsp;&nbsp;Consumer Discretionary (continued) | &nbsp;&nbsp;Consumer Discretionary (continued) | &nbsp;&nbsp;Consumer Discretionary (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tupperware Brands † | &nbsp;&nbsp;&nbsp;&nbsp;116100 | $480654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Victoria's Secret & Co. † | &nbsp;&nbsp;&nbsp;&nbsp;171196 | &nbsp;&nbsp; 6125393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whirlpool | &nbsp;&nbsp;&nbsp;&nbsp;21600 | &nbsp;&nbsp; 3055536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Winnebago Industries | &nbsp;&nbsp;&nbsp;&nbsp;19400 | &nbsp;&nbsp; 1022380 |
|  |  | &nbsp;&nbsp; 70055899 |
| &nbsp;&nbsp;Consumer Staples — 4.50% | &nbsp;&nbsp;Consumer Staples — 4.50% | &nbsp;&nbsp;Consumer Staples — 4.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bunge | &nbsp;&nbsp;&nbsp;&nbsp;15200 | &nbsp;&nbsp; 1516504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conagra Brands | &nbsp;&nbsp;&nbsp;&nbsp;48100 | &nbsp;&nbsp; 1861470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energizer Holdings | &nbsp;&nbsp;&nbsp;&nbsp;32000 | &nbsp;&nbsp; 1073600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Herbalife Nutrition † | &nbsp;&nbsp;&nbsp;&nbsp;35500 | &nbsp;&nbsp; 528240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ingles Markets Class A | &nbsp;&nbsp;&nbsp;&nbsp;28500 | &nbsp;&nbsp; 2749110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ingredion | &nbsp;&nbsp;&nbsp;&nbsp;30700 | &nbsp;&nbsp; 3006451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J M Smucker | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7300 | &nbsp;&nbsp; 1156758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Molson Coors Beverage Class B | &nbsp;&nbsp;&nbsp;&nbsp;82900 | &nbsp;&nbsp; 4271008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nu Skin Enterprises Class A | &nbsp;&nbsp;&nbsp;&nbsp;16800 | &nbsp;&nbsp; 708288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pilgrim's Pride † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4100 | &nbsp;&nbsp; 97293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spectrum Brands Holdings | &nbsp;&nbsp;&nbsp;&nbsp;116356 | &nbsp;&nbsp; 7088408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sprouts Farmers Market † | &nbsp;&nbsp;&nbsp;&nbsp;92100 | &nbsp;&nbsp; 2981277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weis Markets | &nbsp;&nbsp;&nbsp;&nbsp;10470 | &nbsp;&nbsp; 861576 |
|  |  | &nbsp;&nbsp; 27899983 |
| &nbsp;&nbsp;Energy — 6.22% | &nbsp;&nbsp;Energy — 6.22% | &nbsp;&nbsp;Energy — 6.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;APA | &nbsp;&nbsp;&nbsp;&nbsp;51700 | &nbsp;&nbsp; 2413356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arch Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6700 | &nbsp;&nbsp; 956693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CNX Resources † | &nbsp;&nbsp;&nbsp;&nbsp;59500 | &nbsp;&nbsp; 1001980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DT Midstream | &nbsp;&nbsp;&nbsp;&nbsp;175024 | &nbsp;&nbsp; 9671826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HF Sinclair | &nbsp;&nbsp;&nbsp;&nbsp;68100 | &nbsp;&nbsp; 3533709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magnolia Oil & Gas Class A | &nbsp;&nbsp;&nbsp;&nbsp;346536 | &nbsp;&nbsp; 8126269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marathon Oil | &nbsp;&nbsp;&nbsp;&nbsp;139800 | &nbsp;&nbsp; 3784386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PDC Energy | &nbsp;&nbsp;&nbsp;&nbsp;42600 | &nbsp;&nbsp; 2704248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFL | &nbsp;&nbsp;&nbsp;&nbsp;97100 | &nbsp;&nbsp; 895262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Viper Energy Partners | &nbsp;&nbsp;&nbsp;&nbsp;138553 | &nbsp;&nbsp; 4404600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;World Fuel Services | &nbsp;&nbsp;&nbsp;&nbsp;39900 | &nbsp;&nbsp; 1090467 |
|  |  | &nbsp;&nbsp; 38582796 |
| &nbsp;&nbsp;Financials — 18.89% | &nbsp;&nbsp;Financials — 18.89% | &nbsp;&nbsp;Financials — 18.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Affiliated Managers Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9500 | &nbsp;&nbsp; 1505085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ally Financial | &nbsp;&nbsp;&nbsp;&nbsp;91200 | &nbsp;&nbsp; 2229840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;16900 | &nbsp;&nbsp; 2320032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annaly Capital Management | &nbsp;&nbsp;&nbsp;&nbsp;52450 | &nbsp;&nbsp; 1105646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apollo Commercial Real Estate Finance | &nbsp;&nbsp;&nbsp;&nbsp;77600 | &nbsp;&nbsp; 834976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ares Capital | &nbsp;&nbsp;&nbsp;&nbsp;85300 | &nbsp;&nbsp; 1575491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Associated Banc-Corp | &nbsp;&nbsp;&nbsp;&nbsp;121500 | &nbsp;&nbsp; 2805435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B Riley Financial | &nbsp;&nbsp;&nbsp;&nbsp;15900 | &nbsp;&nbsp; 543780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Latinoamericano de Comercio Exterior Class E | &nbsp;&nbsp;&nbsp;&nbsp;59900 | &nbsp;&nbsp; 970380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BGC Partners Class A | 1345343 | &nbsp;&nbsp; 5071943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cathay General Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;47800 | &nbsp;&nbsp; 1949762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citizens Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;46800 | &nbsp;&nbsp; 1842516 |

---

NQ-OPTSV [12/22] 2/23 (2747699) 1

------

Optimum Small-Mid Cap Value Fund (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** |
| &nbsp;&nbsp;Financials (continued) | &nbsp;&nbsp;Financials (continued) | &nbsp;&nbsp;Financials (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CNA Financial | &nbsp;&nbsp;&nbsp;&nbsp;40395 | $1707901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CNO Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;144200 | &nbsp;&nbsp; 3294970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbia Banking System | &nbsp;&nbsp;&nbsp;&nbsp;214767 | &nbsp;&nbsp; 6470930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comerica | &nbsp;&nbsp;&nbsp;&nbsp;34700 | &nbsp;&nbsp; 2319695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customers Bancorp † | &nbsp;&nbsp;&nbsp;&nbsp;35600 | &nbsp;&nbsp; 1008904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Donnelley Financial Solutions † | &nbsp;&nbsp;&nbsp;&nbsp;27300 | &nbsp;&nbsp; 1055145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equitable Holdings | &nbsp;&nbsp;&nbsp;&nbsp;68200 | &nbsp;&nbsp; 1957340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Essent Group | &nbsp;&nbsp;&nbsp;&nbsp;26800 | &nbsp;&nbsp; 1041984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Everest Re Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6300 | &nbsp;&nbsp; 2087001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F&G Annuities & Life † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3502 | &nbsp;&nbsp; 70075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal Agricultural Mortgage Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1852 | &nbsp;&nbsp; 208739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity National Financial | &nbsp;&nbsp;&nbsp;&nbsp;51500 | &nbsp;&nbsp; 1937430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Financial | &nbsp;&nbsp;&nbsp;&nbsp;38200 | &nbsp;&nbsp; 1999388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First BanCorp | &nbsp;&nbsp;&nbsp;&nbsp;89200 | &nbsp;&nbsp; 1134624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Busey | &nbsp;&nbsp;&nbsp;&nbsp;74400 | &nbsp;&nbsp; 1839168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Merchants | &nbsp;&nbsp;&nbsp;&nbsp;155357 | &nbsp;&nbsp; 6386726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FS KKR Capital | &nbsp;&nbsp;&nbsp;&nbsp;57750 | &nbsp;&nbsp; 1010625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hancock Whitney | &nbsp;&nbsp;&nbsp;&nbsp;31300 | &nbsp;&nbsp; 1514607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hanmi Financial | &nbsp;&nbsp;&nbsp;&nbsp;56800 | &nbsp;&nbsp; 1405800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HomeStreet | &nbsp;&nbsp;&nbsp;&nbsp;39900 | &nbsp;&nbsp; 1100442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hope Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;122400 | &nbsp;&nbsp; 1567944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jefferies Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;77400 | &nbsp;&nbsp; 2653272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lazard Class A | &nbsp;&nbsp;&nbsp;&nbsp;37700 | &nbsp;&nbsp; 1307059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lincoln National | &nbsp;&nbsp;&nbsp;&nbsp;33300 | &nbsp;&nbsp; 1022976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MGIC Investment | &nbsp;&nbsp;&nbsp;&nbsp;107200 | &nbsp;&nbsp; 1393600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Mountain Finance | &nbsp;&nbsp;&nbsp;&nbsp;95300 | &nbsp;&nbsp; 1178861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oaktree Specialty Lending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4294 | &nbsp;&nbsp; 29500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OFG Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;80900 | &nbsp;&nbsp; 2229604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OneMain Holdings | &nbsp;&nbsp;&nbsp;&nbsp;34600 | &nbsp;&nbsp; 1152526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pacific Premier Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;145856 | &nbsp;&nbsp; 4603215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PacWest Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;396737 | &nbsp;&nbsp; 9105114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Radian Group | &nbsp;&nbsp;&nbsp;&nbsp;69500 | &nbsp;&nbsp; 1325365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Redwood Trust | &nbsp;&nbsp;&nbsp;&nbsp;119100 | &nbsp;&nbsp; 805116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regions Financial | &nbsp;&nbsp;&nbsp;&nbsp;179100 | &nbsp;&nbsp; 3861396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinsurance Group of America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8200 | &nbsp;&nbsp; 1165138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rithm Capital | &nbsp;&nbsp;&nbsp;&nbsp;131300 | &nbsp;&nbsp; 1072721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starwood Property Trust | &nbsp;&nbsp;&nbsp;&nbsp;440948 | &nbsp;&nbsp; 8082577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synovus Financial | &nbsp;&nbsp;&nbsp;&nbsp;55900 | &nbsp;&nbsp; 2099045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Universal Insurance Holdings | &nbsp;&nbsp;&nbsp;&nbsp;41300 | &nbsp;&nbsp; 437367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unum Group | &nbsp;&nbsp;&nbsp;&nbsp;75700 | &nbsp;&nbsp; 3105971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Victory Capital Holdings Class A | &nbsp;&nbsp;&nbsp;&nbsp;39300 | &nbsp;&nbsp; 1054419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voya Financial | &nbsp;&nbsp;&nbsp;&nbsp;25200 | &nbsp;&nbsp; 1549548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zions Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;83200 | &nbsp;&nbsp; 4090112 |
|  |  | &nbsp;&nbsp;117198826 |
| &nbsp;&nbsp;Healthcare — 4.91% | &nbsp;&nbsp;Healthcare — 4.91% | &nbsp;&nbsp;Healthcare — 4.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DaVita † | &nbsp;&nbsp;&nbsp;&nbsp;26200 | &nbsp;&nbsp; 1956354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enovis † | &nbsp;&nbsp;&nbsp;&nbsp;108234 | &nbsp;&nbsp; 5792684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exelixis † | &nbsp;&nbsp;&nbsp;&nbsp;84300 | &nbsp;&nbsp; 1352172 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** |
| &nbsp;&nbsp;Healthcare (continued) | &nbsp;&nbsp;Healthcare (continued) | &nbsp;&nbsp;Healthcare (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Innoviva † | &nbsp;&nbsp;&nbsp;&nbsp;62600 | $829450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ironwood Pharmaceuticals † | &nbsp;&nbsp;&nbsp;&nbsp;167200 | &nbsp;&nbsp; 2071608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jazz Pharmaceuticals † | &nbsp;&nbsp;&nbsp;&nbsp;26870 | &nbsp;&nbsp; 4280660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LivaNova † | &nbsp;&nbsp;&nbsp;&nbsp;64083 | &nbsp;&nbsp; 3559170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quest Diagnostics | &nbsp;&nbsp;&nbsp;&nbsp;11600 | &nbsp;&nbsp; 1814704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Select Medical Holdings | &nbsp;&nbsp;&nbsp;&nbsp;94175 | &nbsp;&nbsp; 2338365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Therapeutics † | &nbsp;&nbsp;&nbsp;&nbsp;11800 | &nbsp;&nbsp; 3281462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Universal Health Services Class B | &nbsp;&nbsp;&nbsp;&nbsp;22600 | &nbsp;&nbsp; 3184114 |
|  |  | &nbsp;&nbsp; 30460743 |
| &nbsp;&nbsp;Industrials — 14.33% | &nbsp;&nbsp;Industrials — 14.33% | &nbsp;&nbsp;Industrials — 14.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACCO Brands | &nbsp;&nbsp;&nbsp;&nbsp;146000 | &nbsp;&nbsp; 816140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acuity Brands | &nbsp;&nbsp;&nbsp;&nbsp;13900 | &nbsp;&nbsp; 2301979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AGCO | &nbsp;&nbsp;&nbsp;&nbsp;42100 | &nbsp;&nbsp; 5838849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alaska Air Group † | &nbsp;&nbsp;&nbsp;&nbsp;31560 | &nbsp;&nbsp; 1355186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allison Transmission Holdings | &nbsp;&nbsp;&nbsp;&nbsp;55500 | &nbsp;&nbsp; 2308800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apogee Enterprises | &nbsp;&nbsp;&nbsp;&nbsp;36200 | &nbsp;&nbsp; 1609452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ArcBest | &nbsp;&nbsp;&nbsp;&nbsp;27300 | &nbsp;&nbsp; 1912092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atkore † | &nbsp;&nbsp;&nbsp;&nbsp;42100 | &nbsp;&nbsp; 4774982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BWX Technologies | &nbsp;&nbsp;&nbsp;&nbsp;160802 | &nbsp;&nbsp; 9339380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CoreCivic † | &nbsp;&nbsp;&nbsp;&nbsp;56200 | &nbsp;&nbsp; 649672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Covenant Logistics Group | &nbsp;&nbsp;&nbsp;&nbsp;59100 | &nbsp;&nbsp; 2043087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crane Holdings | &nbsp;&nbsp;&nbsp;&nbsp;10500 | &nbsp;&nbsp; 1054725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deluxe | &nbsp;&nbsp;&nbsp;&nbsp;29800 | &nbsp;&nbsp; 506004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ennis | &nbsp;&nbsp;&nbsp;&nbsp;45800 | &nbsp;&nbsp; 1014928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Esab | &nbsp;&nbsp;&nbsp;&nbsp;107070 | &nbsp;&nbsp; 5023724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GXO Logistics † | &nbsp;&nbsp;&nbsp;&nbsp;167517 | &nbsp;&nbsp; 7151301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hawaiian Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;45300 | &nbsp;&nbsp; 464778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hillenbrand | &nbsp;&nbsp;&nbsp;&nbsp;31174 | &nbsp;&nbsp; 1330195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huntington Ingalls Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6200 | &nbsp;&nbsp; 1430216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IAA † | &nbsp;&nbsp;&nbsp;&nbsp;121170 | &nbsp;&nbsp; 4846800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kaman | &nbsp;&nbsp;&nbsp;&nbsp;94643 | &nbsp;&nbsp; 2110539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KAR Auction Services † | &nbsp;&nbsp;&nbsp;&nbsp;479630 | &nbsp;&nbsp; 6259172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ManpowerGroup | &nbsp;&nbsp;&nbsp;&nbsp;26300 | &nbsp;&nbsp; 2188423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Moog Class A | &nbsp;&nbsp;&nbsp;&nbsp;24000 | &nbsp;&nbsp; 2106240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MSC Industrial Direct Class A | &nbsp;&nbsp;&nbsp;&nbsp;18200 | &nbsp;&nbsp; 1486940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Owens Corning | &nbsp;&nbsp;&nbsp;&nbsp;35500 | &nbsp;&nbsp; 3028150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Primoris Services | &nbsp;&nbsp;&nbsp;&nbsp;66384 | &nbsp;&nbsp; 1456465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quanex Building Products | &nbsp;&nbsp;&nbsp;&nbsp;54980 | &nbsp;&nbsp; 1301926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;REV Group | &nbsp;&nbsp;&nbsp;&nbsp;37490 | &nbsp;&nbsp; 473124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ryder System | &nbsp;&nbsp;&nbsp;&nbsp;16800 | &nbsp;&nbsp; 1403976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snap-on | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9300 | &nbsp;&nbsp; 2124957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Textron | &nbsp;&nbsp;&nbsp;&nbsp;16800 | &nbsp;&nbsp; 1189440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Timken | &nbsp;&nbsp;&nbsp;&nbsp;17600 | &nbsp;&nbsp; 1243792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Triton International | &nbsp;&nbsp;&nbsp;&nbsp;43700 | &nbsp;&nbsp; 3005686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Airlines Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;34400 | &nbsp;&nbsp; 1296880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XPO † | &nbsp;&nbsp;&nbsp;&nbsp;73845 | &nbsp;&nbsp; 2458300 |
|  |  | &nbsp;&nbsp; 88906300 |
| &nbsp;&nbsp;Information Technology — 10.39% | &nbsp;&nbsp;Information Technology — 10.39% | &nbsp;&nbsp;Information Technology — 10.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACI Worldwide † | &nbsp;&nbsp;&nbsp;&nbsp;306440 | &nbsp;&nbsp; 7048120 |

---

2 NQ-OPTSV [12/22] 2/23 (2747699)

------

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** |
| &nbsp;&nbsp;Information Technology (continued) | &nbsp;&nbsp;Information Technology (continued) | &nbsp;&nbsp;Information Technology (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amdocs | &nbsp;&nbsp;&nbsp;&nbsp;22500 | $2045250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amkor Technology | &nbsp;&nbsp;&nbsp;&nbsp;102600 | &nbsp;&nbsp; 2460348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arrow Electronics † | &nbsp;&nbsp;&nbsp;&nbsp;24580 | &nbsp;&nbsp; 2570331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aviat Networks † | &nbsp;&nbsp;&nbsp;&nbsp;17790 | &nbsp;&nbsp; 554870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cirrus Logic † | &nbsp;&nbsp;&nbsp;&nbsp;10400 | &nbsp;&nbsp; 774592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consensus Cloud Solutions † | &nbsp;&nbsp;&nbsp;&nbsp;63122 | &nbsp;&nbsp; 3393439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSG Systems International | &nbsp;&nbsp;&nbsp;&nbsp;18200 | &nbsp;&nbsp; 1041040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diodes † | &nbsp;&nbsp;&nbsp;&nbsp;10500 | &nbsp;&nbsp; 799470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ebix | &nbsp;&nbsp;&nbsp;&nbsp;33273 | &nbsp;&nbsp; 664129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Euronet Worldwide † | &nbsp;&nbsp;&nbsp;&nbsp;47498 | &nbsp;&nbsp; 4482861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jabil | &nbsp;&nbsp;&nbsp;&nbsp;66100 | &nbsp;&nbsp; 4508020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kimball Electronics † | &nbsp;&nbsp;&nbsp;&nbsp;74200 | &nbsp;&nbsp; 1676178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Methode Electronics | &nbsp;&nbsp;&nbsp;&nbsp;30600 | &nbsp;&nbsp; 1357722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NCR † | &nbsp;&nbsp;&nbsp;&nbsp;37200 | &nbsp;&nbsp; 870852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NetApp | &nbsp;&nbsp;&nbsp;&nbsp;32700 | &nbsp;&nbsp; 1963962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qorvo † | &nbsp;&nbsp;&nbsp;&nbsp;19200 | &nbsp;&nbsp; 1740288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sanmina † | &nbsp;&nbsp;&nbsp;&nbsp;53000 | &nbsp;&nbsp; 3036370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seagate Technology Holdings | &nbsp;&nbsp;&nbsp;&nbsp;17100 | &nbsp;&nbsp; 899631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TD SYNNEX | &nbsp;&nbsp;&nbsp;&nbsp;13700 | &nbsp;&nbsp; 1297527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teledyne Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9724 | &nbsp;&nbsp; 3888725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TTM Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;84100 | &nbsp;&nbsp; 1268228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ultra Clean Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;29100 | &nbsp;&nbsp; 964665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verint Systems † | &nbsp;&nbsp;&nbsp;&nbsp;242259 | &nbsp;&nbsp; 8789157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verra Mobility † | &nbsp;&nbsp;&nbsp;&nbsp;229104 | &nbsp;&nbsp; 3168508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vishay Precision Group † | &nbsp;&nbsp;&nbsp;&nbsp;35910 | &nbsp;&nbsp; 1387921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Union | &nbsp;&nbsp;&nbsp;&nbsp;66100 | &nbsp;&nbsp; 910197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xerox Holdings | &nbsp;&nbsp;&nbsp;&nbsp;61300 | &nbsp;&nbsp; 894980 |
|  |  | &nbsp;&nbsp; 64457381 |
| &nbsp;&nbsp;Materials — 11.88% | &nbsp;&nbsp;Materials — 11.88% | &nbsp;&nbsp;Materials — 11.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ashland | &nbsp;&nbsp;&nbsp;&nbsp;91229 | &nbsp;&nbsp; 9809854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axalta Coating Systems † | &nbsp;&nbsp;&nbsp;&nbsp;324710 | &nbsp;&nbsp; 8270364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Berry Global Group | &nbsp;&nbsp;&nbsp;&nbsp;48200 | &nbsp;&nbsp; 2912726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Celanese | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8900 | &nbsp;&nbsp; 909936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chemours | &nbsp;&nbsp;&nbsp;&nbsp;49500 | &nbsp;&nbsp; 1515690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eastman Chemical | &nbsp;&nbsp;&nbsp;&nbsp;19400 | &nbsp;&nbsp; 1579936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FMC | &nbsp;&nbsp;&nbsp;&nbsp;62521 | &nbsp;&nbsp; 7802621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Greif Class A | &nbsp;&nbsp;&nbsp;&nbsp;34400 | &nbsp;&nbsp; 2306864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huntsman | &nbsp;&nbsp;&nbsp;&nbsp;82070 | &nbsp;&nbsp; 2255283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Koppers Holdings | &nbsp;&nbsp;&nbsp;&nbsp;48050 | &nbsp;&nbsp; 1355010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mativ Holdings | &nbsp;&nbsp;&nbsp;&nbsp;32700 | &nbsp;&nbsp; 683430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mosaic | &nbsp;&nbsp;&nbsp;&nbsp;63600 | &nbsp;&nbsp; 2790132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;O-I Glass † | &nbsp;&nbsp;&nbsp;&nbsp;59800 | &nbsp;&nbsp; 990886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Packaging Corp of America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8300 | &nbsp;&nbsp; 1061653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reliance Steel & Aluminum | &nbsp;&nbsp;&nbsp;&nbsp;17900 | &nbsp;&nbsp; 3623676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silgan Holdings | &nbsp;&nbsp;&nbsp;&nbsp;367277 | &nbsp;&nbsp; 19039640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steel Dynamics | &nbsp;&nbsp;&nbsp;&nbsp;41800 | &nbsp;&nbsp; 4083860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trinseo | &nbsp;&nbsp;&nbsp;&nbsp;22200 | &nbsp;&nbsp; 504162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tronox Holdings | &nbsp;&nbsp;&nbsp;&nbsp;38500 | &nbsp;&nbsp; 527835 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** |
| &nbsp;&nbsp;Materials (continued) | &nbsp;&nbsp;Materials (continued) | &nbsp;&nbsp;Materials (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Westrock | &nbsp;&nbsp;&nbsp;&nbsp;48000 | $1687680 |
|  |  | &nbsp;&nbsp; 73711238 |
| &nbsp;&nbsp;Real Estate — 8.45% | &nbsp;&nbsp;Real Estate — 8.45% | &nbsp;&nbsp;Real Estate — 8.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Assets Trust | &nbsp;&nbsp;&nbsp;&nbsp;37200 | &nbsp;&nbsp; 985800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple Hospitality REIT | &nbsp;&nbsp;&nbsp;&nbsp;114600 | &nbsp;&nbsp; 1808388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Armada Hoffler Properties | &nbsp;&nbsp;&nbsp;&nbsp;100700 | &nbsp;&nbsp; 1158050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brixmor Property Group | &nbsp;&nbsp;&nbsp;&nbsp;80400 | &nbsp;&nbsp; 1822668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CareTrust REIT | &nbsp;&nbsp;&nbsp;&nbsp;57900 | &nbsp;&nbsp; 1075782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;City Office REIT | &nbsp;&nbsp;&nbsp;&nbsp;137000 | &nbsp;&nbsp; 1148060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CTO Realty Growth | &nbsp;&nbsp;&nbsp;&nbsp;46500 | &nbsp;&nbsp; 850020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity Commonwealth | &nbsp;&nbsp;&nbsp;&nbsp;138091 | &nbsp;&nbsp; 3448132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Franklin Street Properties | &nbsp;&nbsp;&nbsp;&nbsp;93612 | &nbsp;&nbsp; 255561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gaming and Leisure Properties | &nbsp;&nbsp;&nbsp;&nbsp;263698 | &nbsp;&nbsp; 13736029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Net Lease | &nbsp;&nbsp;&nbsp;&nbsp;136400 | &nbsp;&nbsp; 1714548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Host Hotels & Resorts | &nbsp;&nbsp;&nbsp;&nbsp;76200 | &nbsp;&nbsp; 1223010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrial Logistics Properties Trust | &nbsp;&nbsp;&nbsp;&nbsp;63789 | &nbsp;&nbsp; 208590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain | &nbsp;&nbsp;&nbsp;&nbsp;25700 | &nbsp;&nbsp; 1281145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kite Realty Group Trust | &nbsp;&nbsp;&nbsp;&nbsp;63600 | &nbsp;&nbsp; 1338780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medical Properties Trust | &nbsp;&nbsp;&nbsp;&nbsp;760603 | &nbsp;&nbsp; 8473117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newmark Group Class A | &nbsp;&nbsp;&nbsp;&nbsp;414938 | &nbsp;&nbsp; 3307056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Office Properties Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;45688 | &nbsp;&nbsp; 609935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omega Healthcare Investors | &nbsp;&nbsp;&nbsp;&nbsp;53300 | &nbsp;&nbsp; 1489735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Piedmont Office Realty Trust Class A | &nbsp;&nbsp;&nbsp;&nbsp;78300 | &nbsp;&nbsp; 718011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plymouth Industrial REIT | &nbsp;&nbsp;&nbsp;&nbsp;57000 | &nbsp;&nbsp; 1093260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sabra Health Care REIT | &nbsp;&nbsp;&nbsp;&nbsp;88400 | &nbsp;&nbsp; 1098812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Properties Trust | &nbsp;&nbsp;&nbsp;&nbsp;104300 | &nbsp;&nbsp; 760347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tanger Factory Outlet Centers | &nbsp;&nbsp;&nbsp;&nbsp;122610 | &nbsp;&nbsp; 2199623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uniti Group | &nbsp;&nbsp;&nbsp;&nbsp;107160 | &nbsp;&nbsp; 592595 |
|  |  | &nbsp;&nbsp; 52397054 |
| &nbsp;&nbsp;Utilities — 1.51% | &nbsp;&nbsp;Utilities — 1.51% | &nbsp;&nbsp;Utilities — 1.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Fuel Gas | &nbsp;&nbsp;&nbsp;&nbsp;44100 | &nbsp;&nbsp; 2791530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NRG Energy | &nbsp;&nbsp;&nbsp;&nbsp;70400 | &nbsp;&nbsp; 2240128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UGI | &nbsp;&nbsp;&nbsp;&nbsp;45200 | &nbsp;&nbsp; 1675564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vistra | &nbsp;&nbsp;&nbsp;&nbsp;114200 | &nbsp;&nbsp; 2649440 |
|  |  | &nbsp;&nbsp; 9356662 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $587,587,134)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $587,587,134)** | &nbsp;&nbsp;**611136372** |
| &nbsp;&nbsp;**Short-Term Investments — 1.38%** | &nbsp;&nbsp;**Short-Term Investments — 1.38%** | &nbsp;&nbsp;**Short-Term Investments — 1.38%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 1.38% | &nbsp;&nbsp;Money Market Mutual Funds — 1.38% | &nbsp;&nbsp;Money Market Mutual Funds — 1.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 2142415 | &nbsp;&nbsp; 2142415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 2142415 | &nbsp;&nbsp; 2142415 |

---

NQ-OPTSV [12/22] 2/23 (2747699) 3

------

Optimum Small-Mid Cap Value Fund (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** |
| &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 2142415 | $2142415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%) | 2142414 | &nbsp;&nbsp; 2142414 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $8,569,659)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $8,569,659)** | &nbsp;&nbsp; **8569659** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—99.89%<br> (cost $596,156,793)** |  | &nbsp;&nbsp;**619706031** |
| &nbsp;&nbsp;&nbsp;**Receivables and Other Assets Net of Liabilities—0.11%** |  | &nbsp;&nbsp; **673763** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 48,061,873 Shares Outstanding—100.00%** |  | **$620379794** |

---

<sup>†</sup> Non-income producing security.

---

| |
|:---|
| **Summary of abbreviations:** |
| REIT – Real Estate Investment Trust |

---

4 NQ-OPTSV [12/22] 2/23 (2747699)

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Optimum Fund Trust

- **b. Investment Company Act file number:** 811-21335

- **c. CIK number of Registrant:** 0001227523

- **d. LEI of Registrant:** 54930035OPW530FG2N40

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

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

  - **Telephone number:** 215-255-1200

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

- **a. Name of Series:** Optimum Small-Mid Cap Value Fund

- **b. EDGAR series identifier (if any):** S000002425

- **c. LEI of Series:** N97178UEWMBUQDBS0G90

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-30

**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:** $621869730.31

**Total Liabilities:** $1576344.18

**Net Assets:** $620293386.13

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006463 | 12.32%               | 6.25%                | -6.16%               |
| Class ID C000006465 | 12.27%               | 6.14%                | -6.23%               |
| Class ID C000006466 | 12.35%               | 6.31%                | -6.17%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6729378.95              | $64322789.63                               |
| Month 2  | $-1235262.24             | $39934672.00                               |
| Month 3  | $-728610.45              | $-41836763.56                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Iron Mountain Inc                              | Iron Mountain Inc                              | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     25700 | NS      | $1281145.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc                  | Jefferies Financial Group Inc                  | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     77400 | NS      | $2653272.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp                         | Synovus Financial Corp                         | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     55900 | NS      | $2099045.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT Inc                     | Sabra Health Care REIT Inc                     | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     88400 | NS      | $1098812.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreCivic Inc                                  | CoreCivic Inc                                  | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |     56200 | NS      | $649672.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc                   | MSC Industrial Direct Co Inc                   | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     18200 | NS      | $1486940.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                        | XPO Inc                                        | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     73845 | NS      | $2458300.05   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp                  | First American Financial Corp                  | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     38200 | NS      | $1999388.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmer Mac                                     | Federal Agricultural Mortgage Corp             | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | CORP              | US        |      1852 | NS      | $208738.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                               | Essent Group Ltd                               | CUSIP: 000000000<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | US        |     26800 | NS      | $1041984.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                   | Tapestry Inc                                   | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     37600 | NS      | $1431808.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                        | Modine Manufacturing Co                        | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     76800 | NS      | $1525248.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc                 | Omega Healthcare Investors Inc                 | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     53300 | NS      | $1489735.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                            | Silgan Holdings Inc                            | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    367277 | NS      | $19039639.68  | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| City Office REIT Inc                           | City Office REIT Inc                           | CUSIP: 178587101<br>LEI: 5493003J7157VP25NL57 | Long             | EC               | CORP              | CA        |    137000 | NS      | $1148060.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co                   | Reliance Steel & Aluminum Co                   | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     17900 | NS      | $3623676.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties                  | Gaming and Leisure Properties Inc              | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    263698 | NS      | $13736028.82  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ODP Corp/The                                   | ODP Corp/The                                   | CUSIP: 88337F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29100 | NS      | $1325214.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                               | Paramount Global                               | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |     37200 | NS      | $627936.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aaron's Co Inc/The                             | Aaron's Co Inc/The                             | CUSIP: 00258W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45700 | NS      | $546115.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Medical Holdings Corp                   | Select Medical Holdings Corp                   | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94175 | NS      | $2338365.25   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tupperware Brands Corp                         | Tupperware Brands Corp                         | CUSIP: 899896104<br>LEI: G8NWFN4YP7CR6FOP4886 | Long             | EC               | CORP              | US        |    116100 | NS      | $480654.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Partners LP                       | Viper Energy Partners LP                       | CUSIP: 92763M105<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |    138553 | NS      | $4404599.87   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Bladex                                         | Banco Latinoamericano de Comercio Exterior SA  | CUSIP: 000000000<br>LEI: 549300CN3134K4LC0651 | Long             | EC               | NUSS              | PA        |     59900 | NS      | $970380.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings PLC                            | Tronox Holdings PLC                            | CUSIP: 000000000<br>LEI: 549300NRVC84SGJSXV06 | Long             | EC               | CORP              | US        |     38500 | NS      | $527835.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sleep Number Corp                              | Sleep Number Corp                              | CUSIP: 83125X103<br>LEI: 529900W0TZQLBT2DSS66 | Long             | EC               | CORP              | US        |     14600 | NS      | $379308.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd                              | Helen of Troy Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25416 | NS      | $2818888.56   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   2142415 | NS      | $2142414.80   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc                             | Ingles Markets Inc                             | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |     28500 | NS      | $2749110.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group Inc                     | Vishay Precision Group Inc                     | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35910 | NS      | $1387921.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                                  | H&R Block Inc                                  | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     40400 | NS      | $1475004.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                      | Jabil Inc                                      | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     66100 | NS      | $4508020.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                                  | Owens Corning                                  | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     35500 | NS      | $3028150.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Foot Locker Inc                                | Foot Locker Inc                                | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |     48800 | NS      | $1844152.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co/The                  | Goodyear Tire & Rubber Co/The                  | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |     70000 | NS      | $710500.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                    | OFG Bancorp                                    | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     80900 | NS      | $2229604.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I                 | Reinsurance Group of America Inc               | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |      8200 | NS      | $1165138.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Mativ Holdings Inc                             | Mativ Holdings Inc                             | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               | CORP              | US        |     32700 | NS      | $683430.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Brands Holdings Inc                   | Spectrum Brands Holdings Inc                   | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Long             | EC               | CORP              | US        |    116356 | NS      | $7088407.52   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                             | Steel Dynamics Inc                             | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     41800 | NS      | $4083860.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp                             | Rithm Capital Corp                             | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    131300 | NS      | $1072721.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MDC Holdings Inc                               | MDC Holdings Inc                               | CUSIP: 552676108<br>LEI: 5299005FV4VNV75R8R35 | Long             | EC               | CORP              | US        |     54648 | NS      | $1726876.80   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                      | Teledyne Technologies Inc                      | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      9724 | NS      | $3888724.84   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Factory Outlet Centers                  | Tanger Factory Outlet Centers Inc              | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |    122610 | NS      | $2199623.40   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                      | Dick's Sporting Goods Inc                      | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     17900 | NS      | $2153191.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ebix Inc                                       | Ebix Inc                                       | CUSIP: 278715206<br>LEI: 549300DHXVZR5SW5QR44 | Long             | EC               | CORP              | US        |     33273 | NS      | $664129.08    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| IAA Inc                                        | IAA Inc                                        | CUSIP: 449253103<br>LEI: 549300PZCOPC5178W747 | Long             | EC               | CORP              | US        |    121170 | NS      | $4846800.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                           | BWX Technologies Inc                           | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |    160802 | NS      | $9339380.16   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Covenant Logistics Group Inc                   | Covenant Logistics Group Inc                   | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59100 | NS      | $2043087.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SFL Corp Ltd                                   | SFL Corp Ltd                                   | CUSIP: 000000000<br>LEI: 549300RLYYPSB0C7RH77 | Long             | EC               | CORP              | NO        |     97100 | NS      | $895262.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                                 | TD SYNNEX Corp                                 | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     13700 | NS      | $1297527.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands Inc                            | Bloomin' Brands Inc                            | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |     74100 | NS      | $1490892.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc                              | Redwood Trust Inc                              | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |    119100 | NS      | $805116.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                              | ACI Worldwide Inc                              | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |    306440 | NS      | $7048120.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                                  | Celanese Corp                                  | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |      8900 | NS      | $909936.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp Inc                          | Customers Bancorp Inc                          | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     35600 | NS      | $1008904.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                             | Voya Financial Inc                             | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     25200 | NS      | $1549548.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Resources Inc                             | Arch Resources Inc                             | CUSIP: 03940R107<br>LEI: W47HVZ7Q6FXL86RELH91 | Long             | EC               | CORP              | US        |      6700 | NS      | $956693.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp                        | Magnolia Oil & Gas Corp                        | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    346536 | NS      | $8126269.20   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                                    | Enovis Corp                                    | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |    108234 | NS      | $5792683.68   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America                      | Packaging Corp of America                      | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      8300 | NS      | $1061653.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT Inc                   | Plymouth Industrial REIT Inc                   | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57000 | NS      | $1093260.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC Energy Inc                                 | PDC Energy Inc                                 | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |     42600 | NS      | $2704248.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Herbalife Nutrition Ltd                        | Herbalife Nutrition Ltd                        | CUSIP: 000000000<br>LEI: 549300BA7TYPBSZZIA41 | Long             | EC               | CORP              | US        |     35500 | NS      | $528240.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| World Fuel Services Corp                       | World Fuel Services Corp                       | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     39900 | NS      | $1090467.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Inc                              | Lithia Motors Inc                              | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |     36601 | NS      | $7493688.74   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PacWest Bancorp                                | PacWest Bancorp                                | CUSIP: 695263103<br>LEI: 549300YI8VMFO7G36V04 | Long             | EC               | CORP              | US        |    396737 | NS      | $9105114.15   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp/Puerto Rico                      | First BanCorp/Puerto Rico                      | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     89200 | NS      | $1134624.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Leslie's Inc                                   | Leslie's Inc                                   | CUSIP: 527064109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    354770 | NS      | $4331741.70   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                                       | APA Corp                                       | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     51700 | NS      | $2413356.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Oil Corp                              | Marathon Oil Corp                              | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |    139800 | NS      | $3784386.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA                               | Zions Bancorp NA                               | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |     83200 | NS      | $4090112.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                   | Citizens Financial Group Inc                   | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     46800 | NS      | $1842516.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                                 | Whirlpool Corp                                 | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |     21600 | NS      | $3055536.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corp                           | First Merchants Corp                           | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |    155357 | NS      | $6386726.27   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc                             | Aviat Networks Inc                             | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |     17790 | NS      | $554870.10    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                                    | Textron Inc                                    | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |     16800 | NS      | $1189440.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                     | Brixmor Property Group Inc                     | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     80400 | NS      | $1822668.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                                   | ArcBest Corp                                   | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     27300 | NS      | $1912092.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                                 | BorgWarner Inc                                 | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     41200 | NS      | $1658300.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson Inc                            | Harley-Davidson Inc                            | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |     43800 | NS      | $1822080.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Office Realty Trust I                 | Piedmont Office Realty Trust Inc               | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78300 | NS      | $718011.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                                       | FMC Corp                                       | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     62521 | NS      | $7802620.80   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                           | Associated Banc-Corp                           | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |    121500 | NS      | $2805435.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                      | Esab Corp                                      | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |    107070 | NS      | $5023724.40   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                                   | Exelixis Inc                                   | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     84300 | NS      | $1352172.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                               | Cirrus Logic Inc                               | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     10400 | NS      | $774592.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                                      | Lear Corp                                      | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      8300 | NS      | $1029366.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Insurance Holdings I                 | Universal Insurance Holdings Inc               | CUSIP: 91359V107<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | EC               | CORP              | US        |     41300 | NS      | $437367.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                                 | Ziff Davis Inc                                 | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |    135183 | NS      | $10692975.30  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Weis Markets Inc                               | Weis Markets Inc                               | CUSIP: 948849104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10470 | NS      | $861576.30    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive Inc                           | Sonic Automotive Inc                           | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |     29600 | NS      | $1458392.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth                            | Equity Commonwealth                            | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               | CORP              | US        |    138091 | NS      | $3448132.27   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The                           | Western Union Co/The                           | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     66100 | NS      | $910197.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Guess? Inc                                     | Guess? Inc                                     | CUSIP: 401617105<br>LEI: 549300QVH3ZK2DW0KP86 | Long             | EC               | CORP              | US        |     47500 | NS      | $982775.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc                  | CSG Systems International Inc                  | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |     18200 | NS      | $1041040.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc                             | Ally Financial Inc                             | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     91200 | NS      | $2229840.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                          | Quest Diagnostics Inc                          | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     11600 | NS      | $1814704.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Street Properties Cor                 | Franklin Street Properties Corp                | CUSIP: 35471R106<br>LEI: 549300STLK2T6QY5WO82 | Long             | EC               | CORP              | US        |     93612 | NS      | $255560.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Haverty Furniture Cos Inc                      | Haverty Furniture Cos Inc                      | CUSIP: 419596101<br>LEI: 529900CVFMMIRXZVPD70 | Long             | EC               | CORP              | US        |     43900 | NS      | $1312610.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                                 | NRG Energy Inc                                 | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     70400 | NS      | $2240128.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                              | Newmark Group Inc                              | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    414938 | NS      | $3307055.86   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Methode Electronics Inc                        | Methode Electronics Inc                        | CUSIP: 591520200<br>LEI: 529900VM413LGLUS3F07 | Long             | EC               | CORP              | US        |     30600 | NS      | $1357722.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc                  | Armada Hoffler Properties Inc                  | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |    100700 | NS      | $1158050.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd                     | Axalta Coating Systems Ltd                     | CUSIP: 000000000<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | US        |    324710 | NS      | $8270363.70   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2142415 | NS      | $2142414.80   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co                       | Molson Coors Beverage Co                       | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     82900 | NS      | $4271008.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc                               | Hope Bancorp Inc                               | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |    122400 | NS      | $1567944.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp                           | MGIC Investment Corp                           | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |    107200 | NS      | $1393600.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                                   | LivaNova PLC                                   | CUSIP: 000000000<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |     64083 | NS      | $3559169.82   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaman Corp                                     | Kaman Corp                                     | CUSIP: 483548103<br>LEI: 5493003YK076OLTEQF95 | Long             | EC               | CORP              | US        |     94643 | NS      | $2110538.90   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc                   | Victory Capital Holdings Inc                   | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     39300 | NS      | $1054419.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co                            | Eastman Chemical Co                            | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |     19400 | NS      | $1579936.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group Inc                                | Uniti Group Inc                                | CUSIP: 91325V108<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |    107160 | NS      | $592594.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions                  | Donnelley Financial Solutions Inc              | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |     27300 | NS      | $1055145.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                         | Lumen Technologies Inc                         | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |    150400 | NS      | $785088.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC Partners Inc                               | BGC Partners Inc                               | CUSIP: 05541T101<br>LEI: TF1LXM1YNB81WKUH5G19 | Long             | EC               | CORP              | US        |   1345343 | NS      | $5071943.11   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Ltd                                     | Lazard Ltd                                     | CUSIP: 000000000<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |     37700 | NS      | $1307059.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Holdings Inc                          | Hawaiian Holdings Inc                          | CUSIP: 419879101<br>LEI: 529900TQUS2JVPSSPP86 | Long             | EC               | CORP              | US        |     45300 | NS      | $464778.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries                  | Huntington Ingalls Industries Inc              | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      6200 | NS      | $1430216.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   2142415 | NS      | $2142414.98   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                             | Conagra Brands Inc                             | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     48100 | NS      | $1861470.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CTO Realty Growth Inc                          | CTO Realty Growth Inc                          | CUSIP: 22948Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46500 | NS      | $850020.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                        | Nexstar Media Group Inc                        | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     98937 | NS      | $17316943.11  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial In                 | Fidelity National Financial Inc                | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     51500 | NS      | $1937430.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings Inc                      | Sally Beauty Holdings Inc                      | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |     65000 | NS      | $813800.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                               | HF Sinclair Corp                               | CUSIP: 403949100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68100 | NS      | $3533709.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                              | Shoe Carnival Inc                              | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       400 | NS      | $9564.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc                       | Winnebago Industries Inc                       | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     19400 | NS      | $1022380.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                               | DT Midstream Inc                               | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    175024 | NS      | $9671826.24   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Triton International Ltd                       | Triton International Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     43700 | NS      | $3005686.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                           | TTM Technologies Inc                           | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     84100 | NS      | $1268228.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   2142415 | NS      | $2142414.80   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| B Riley Financial Inc                          | B Riley Financial Inc                          | CUSIP: 05580M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15900 | NS      | $543780.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons Inc                          | John Wiley & Sons Inc                          | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |    185419 | NS      | $7427885.14   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                    | Columbia Banking System Inc                    | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    214767 | NS      | $6470929.71   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Westrock Co                                    | Westrock Co                                    | CUSIP: 96145D105<br>LEI: 5493004Z9TCQW68YVL89 | Long             | EC               | CORP              | US        |     48000 | NS      | $1687680.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc                           | Koppers Holdings Inc                           | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48050 | NS      | $1355010.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate                  | Apollo Commercial Real Estate Finance Inc      | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |     77600 | NS      | $834976.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Office Properties Income Trust                 | Office Properties Income Trust                 | CUSIP: 67623C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45688 | NS      | $609934.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Berry Global Group Inc                         | Berry Global Group Inc                         | CUSIP: 08579W103<br>LEI: 549300G6KKUMMXM8NH73 | Long             | EC               | CORP              | US        |     48200 | NS      | $2912726.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Re Group Ltd                           | Everest Re Group Ltd                           | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      6300 | NS      | $2087001.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                       | Jazz Pharmaceuticals PLC                       | CUSIP: 000000000<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |     26870 | NS      | $4280659.70   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Ironwood Pharmaceuticals Inc                   | Ironwood Pharmaceuticals Inc                   | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Long             | EC               | CORP              | US        |    167200 | NS      | $2071608.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Properties Trust                       | Service Properties Trust                       | CUSIP: 81761L102<br>LEI: 529900IS770AG1K9QG27 | Long             | EC               | CORP              | US        |    104300 | NS      | $760347.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings                  | Allison Transmission Holdings Inc              | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     55500 | NS      | $2308800.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                         | Equitable Holdings Inc                         | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     68200 | NS      | $1957340.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita Inc                                     | DaVita Inc                                     | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |     26200 | NS      | $1956354.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                                 | PulteGroup Inc                                 | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53000 | NS      | $2413090.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                     | NetApp Inc                                     | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     32700 | NS      | $1963962.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| New Mountain Finance Corp                      | New Mountain Finance Corp                      | CUSIP: 647551100<br>LEI: 549300L1MPTT1H7SES77 | Long             | EC               | CORP              | US        |     95300 | NS      | $1178861.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp                                       | PVH Corp                                       | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     23100 | NS      | $1630629.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc                  | Universal Health Services Inc                  | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     22600 | NS      | $3184114.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc                       | Ultra Clean Holdings Inc                       | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     29100 | NS      | $964665.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                          | Euronet Worldwide Inc                          | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     47498 | NS      | $4482861.24   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc                       | F&G Annuities & Life Inc                       | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3502 | NS      | $70075.02     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust Inc                    | Starwood Property Trust Inc                    | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |    440948 | NS      | $8082576.84   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp                            | Verra Mobility Corp                            | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |    229104 | NS      | $3168508.32   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                                     | Atkore Inc                                     | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     42100 | NS      | $4774982.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc                        | CNO Financial Group Inc                        | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |    144200 | NS      | $3294970.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                                   | Innoviva Inc                                   | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     62600 | NS      | $829450.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology Inc                           | Amkor Technology Inc                           | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |    102600 | NS      | $2460348.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Audacy Inc                                     | Audacy Inc                                     | CUSIP: 05070N103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    206300 | NS      | $46438.13     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                              | Brunswick Corp/DE                              | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     21300 | NS      | $1535304.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co/The                             | J M Smucker Co/The                             | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      7300 | NS      | $1156758.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                     | Amdocs Ltd                                     | CUSIP: 000000000<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | US        |     22500 | NS      | $2045250.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Verint Systems Inc                             | Verint Systems Inc                             | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |    242259 | NS      | $8789156.52   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Networks Inc                               | AMC Networks Inc                               | CUSIP: 00164V103<br>LEI: 549300VGG9K75226LR46 | Long             | EC               | CORP              | US        |     30800 | NS      | $482636.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                                  | Huntsman Corp                                  | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |     82070 | NS      | $2255283.60   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                      | Host Hotels & Resorts Inc                      | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     76200 | NS      | $1223010.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co/The                                | Chemours Co/The                                | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |     49500 | NS      | $1515690.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                             | CNX Resources Corp                             | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     59500 | NS      | $1001980.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc                               | Ryder System Inc                               | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     16800 | NS      | $1403976.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Ltd                                      | Bunge Ltd                                      | CUSIP: 000000000<br>LEI: 5493007M0RIN8HY3MM77 | Long             | EC               | CORP              | US        |     15200 | NS      | $1516504.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                         | Cathay General Bancorp                         | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     47800 | NS      | $1949762.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                  | Mosaic Co/The                                  | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     63600 | NS      | $2790132.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                   | United Airlines Holdings Inc                   | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     34400 | NS      | $1296880.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management Inc                  | Annaly Capital Management Inc                  | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     52450 | NS      | $1105646.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corp                           | Hancock Whitney Corp                           | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     31300 | NS      | $1514607.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease Inc                           | Global Net Lease Inc                           | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |    136400 | NS      | $1714548.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp                           | Hanmi Financial Corp                           | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |     56800 | NS      | $1405800.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                                    | Snap-on Inc                                    | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      9300 | NS      | $2124957.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corp                            | Xerox Holdings Corp                            | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |     61300 | NS      | $894980.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Skin Enterprises Inc                        | Nu Skin Enterprises Inc                        | CUSIP: 67018T105<br>LEI: 54930050DETB6CP71D38 | Long             | EC               | CORP              | US        |     16800 | NS      | $708288.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Logistics Propertie                 | Industrial Logistics Properties Trust          | CUSIP: 456237106<br>LEI: 5493004XH9PJW009HR47 | Long             | EC               | CORP              | US        |     63789 | NS      | $208590.03    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KAR Auction Services Inc                       | KAR Auction Services Inc                       | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |    479630 | NS      | $6259171.50   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                          | Lincoln National Corp                          | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     33300 | NS      | $1022976.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCO Brands Corp                               | ACCO Brands Corp                               | CUSIP: 00081T108<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | EC               | CORP              | US        |    146000 | NS      | $816140.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Holdings Co                              | Crane Holdings Co                              | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     10500 | NS      | $1054725.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| First Busey Corp                               | First Busey Corp                               | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |     74400 | NS      | $1839168.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Inc                                   | Comerica Inc                                   | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |     34700 | NS      | $2319695.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                               | Radian Group Inc                               | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     69500 | NS      | $1325365.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Capital Corp                              | Ares Capital Corp                              | CUSIP: 04010L103<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | EC               | CORP              | US        |     85300 | NS      | $1575491.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc                     | Sprouts Farmers Market Inc                     | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     92100 | NS      | $2981277.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimball Electronics Inc                        | Kimball Electronics Inc                        | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     74200 | NS      | $1676178.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc                      | American Assets Trust Inc                      | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37200 | NS      | $985800.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American Axle & Manufacturing                  | American Axle & Manufacturing Holdings Inc     | CUSIP: 024061103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114200 | NS      | $893044.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                                  | Timken Co/The                                  | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     17600 | NS      | $1243792.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                                     | Diodes Inc                                     | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     10500 | NS      | $799470.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                           | National Fuel Gas Co                           | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     44100 | NS      | $2791530.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CNA Financial Corp                             | CNA Financial Corp                             | CUSIP: 126117100<br>LEI: 549300YX2GSZD7YG1R84 | Long             | EC               | CORP              | US        |     40395 | NS      | $1707900.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Wesson Brands Inc                      | Smith & Wesson Brands Inc                      | CUSIP: 831754106<br>LEI: 5493004PFHUPOR1PWN79 | Long             | EC               | CORP              | US        |     67800 | NS      | $588504.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc                               | Malibu Boats Inc                               | CUSIP: 56117J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19500 | NS      | $1039350.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Television Inc                            | Gray Television Inc                            | CUSIP: 389375106<br>LEI: 529900TM5726KDN7UU35 | Long             | EC               | CORP              | US        |     65200 | NS      | $729588.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp                         | Regions Financial Corp                         | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    179100 | NS      | $3861396.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd                             | Capri Holdings Ltd                             | CUSIP: 000000000<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | GB        |     15000 | NS      | $859800.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordstrom Inc                                  | Nordstrom Inc                                  | CUSIP: 655664100<br>LEI: 549300S3IZB5P35KNV16 | Long             | EC               | CORP              | US        |     28400 | NS      | $458376.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeStreet Inc                                 | HomeStreet Inc                                 | CUSIP: 43785V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39900 | NS      | $1100442.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp                                    | Kohl's Corp                                    | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |     47900 | NS      | $1209475.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                                      | Ennis Inc                                      | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45800 | NS      | $1014928.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp                  | Quanex Building Products Corp                  | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |     54980 | NS      | $1301926.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc                         | Energizer Holdings Inc                         | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     32000 | NS      | $1073600.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand Inc                                | Hillenbrand Inc                                | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     31174 | NS      | $1330194.58   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FS KKR Capital Corp                            | FS KKR Capital Corp                            | CUSIP: 302635206<br>LEI: 549300TYRSI1T21B1360 | Long             | EC               | CORP              | US        |     57750 | NS      | $1010625.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp                       | United Therapeutics Corp                       | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |     11800 | NS      | $3281462.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Premier Bancorp Inc                    | Pacific Premier Bancorp Inc                    | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |    145856 | NS      | $4603215.36   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                       | UGI Corp                                       | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     45200 | NS      | $1675564.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Brands Inc                              | Acuity Brands Inc                              | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13900 | NS      | $2301979.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group Inc                    | Penske Automotive Group Inc                    | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |     28619 | NS      | $3289181.67   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                                    | Ashland Inc                                    | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     91229 | NS      | $9809854.37   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Deluxe Corp                                    | Deluxe Corp                                    | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |     29800 | NS      | $506004.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria's Secret & Co                         | Victoria's Secret & Co                         | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |    171196 | NS      | $6125392.88   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/O                 | American Financial Group Inc/OH                | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     16900 | NS      | $2320032.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc                              | GXO Logistics Inc                              | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |    167517 | NS      | $7151300.73   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinseo PLC                                    | Trinseo PLC                                    | CUSIP: 000000000<br>LEI: 549300TJ3HIGDA2Z8315 | Long             | EC               | CORP              | US        |     22200 | NS      | $504162.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc                  | Affiliated Managers Group Inc                  | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      9500 | NS      | $1505085.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass Inc                                  | O-I Glass Inc                                  | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59800 | NS      | $990886.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| REV Group Inc                                  | REV Group Inc                                  | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |     37490 | NS      | $473123.80    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                          | Mohawk Industries Inc                          | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     13600 | NS      | $1390192.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL                 | Seagate Technology Holdings PLC                | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | US        |     17100 | NS      | $899631.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc                          | Arrow Electronics Inc                          | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     24580 | NS      | $2570330.60   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Corp                                       | NCR Corp                                       | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |     37200 | NS      | $870852.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Greif Inc                                      | Greif Inc                                      | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |     34400 | NS      | $2306864.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Qurate Retail Inc                              | Qurate Retail Inc                              | CUSIP: 74915M100<br>LEI: 549300PSXEKU4PHLCR04 | Long             | EC               | CORP              | US        |     97500 | NS      | $158925.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                                  | Ingredion Inc                                  | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     30700 | NS      | $3006451.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings Inc                           | OneMain Holdings Inc                           | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |     34600 | NS      | $1152526.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                                      | AGCO Corp                                      | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     42100 | NS      | $5838849.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp                         | Primoris Services Corp                         | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     66384 | NS      | $1456464.96   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree Specialty Lending Corp                 | Oaktree Specialty Lending Corp                 | CUSIP: 67401P108<br>LEI: 549300J6MGCEU5928620 | Long             | EC               | CORP              | US        |      4294 | NS      | $29499.78     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc                         | Apogee Enterprises Inc                         | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |     36200 | NS      | $1609452.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                    | Vistra Corp                                    | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    114200 | NS      | $2649440.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc                              | Toll Brothers Inc                              | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     49500 | NS      | $2471040.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                            | Thor Industries Inc                            | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     14900 | NS      | $1124801.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc                     | Apple Hospitality REIT Inc                     | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    114600 | NS      | $1808388.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel + Leisure Co                            | Travel + Leisure Co                            | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     12500 | NS      | $455000.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Consensus Cloud Solutions Inc                  | Consensus Cloud Solutions Inc                  | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63122 | NS      | $3393438.72   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp                           | Pilgrim's Pride Corp                           | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |      4100 | NS      | $97293.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                      | Qorvo Inc                                      | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     19200 | NS      | $1740288.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc                              | ManpowerGroup Inc                              | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |     26300 | NS      | $2188423.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                        | Kite Realty Group Trust                        | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63600 | NS      | $1338780.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                                   | Sanmina Corp                                   | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     53000 | NS      | $3036370.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                     | Unum Group                                     | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     75700 | NS      | $3105971.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc                           | Alaska Air Group Inc                           | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     31560 | NS      | $1355186.40   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                             | CareTrust REIT Inc                             | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     57900 | NS      | $1075782.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                                     | Macy's Inc                                     | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |     73400 | NS      | $1515710.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                                       | Moog Inc                                       | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     24000 | NS      | $2106240.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust Inc                   | Medical Properties Trust Inc                   | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |    760603 | NS      | $8473117.42   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Optimum Fund Trust

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

**Title:** Division Director - Head of US Fund Administration