# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0001145549-25-053514
**Filing Date:** 2025-8
**Character Count:** 129927
**Document Hash:** 8593e0777195be7593d1a9b5c9429f02
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-053514.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001145549-25-053514

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust II
- **CENTRAL INDEX KEY:** 0001924868

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23793
- **FILM NUMBER:** 251254697

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** (844) 986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tidal ETF Trust II
- **DATE OF NAME CHANGE:** 20220421

## Series and Classes Contracts Data

### Even Herd Long Short ETF (Series ID: S000084434)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000248811 | Even Herd Long Short ETF | EHLS            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Even Herd Long Short ETF** | **Even Herd Long Short ETF** | **Even Herd Long Short ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 102.5%** | **Shares** | **Value**  |
| **Aerospace & Defense - 6.1%** | **Aerospace & Defense - 6.1%** | |
| Elbit Systems Ltd. <sup>(a)</sup> | 756 | $339822 |
| Embraer SA - ADR <sup>(a)</sup> | 9348 | 531995 |
| Howmet Aerospace, Inc. <sup>(a)</sup> | 6108 | 1136882 |
| Kratos Defense & Security Solutions, Inc. <sup>(a)(b)</sup> | 4752 | 220730 |
| Leonardo DRS, Inc. <sup>(a)</sup> | 9291 | 431846 |
| Red Cat Holdings, Inc. <sup>(a)(b)</sup> | 34916 | 254188 |
| Rocket Lab Corp. <sup>(a)(b)</sup> | 11497 | 411248 |
| TAT Technologies Ltd. <sup>(a)(b)</sup> | 5267 | 160854 |
|  |  | 3487565 |
| **Agriculture - 2.3%** | **Agriculture - 2.3%** |  |
| Philip Morris International, Inc. <sup>(a)</sup> | 3796 | 691365 |
| Turning Point Brands, Inc. <sup>(a)</sup> | 8540 | 647076 |
|  |  | 1338441 |
| **Apparel - 0.3%** | **Apparel - 0.3%** |  |
| Tapestry, Inc. <sup>(a)</sup> | 2088 | 183347 |
| **Banks - 4.9%** | **Banks - 4.9%** |  |
| Banco Macro SA - ADR <sup>(a)</sup> | 7814 | 548621 |
| Bank First Corp. <sup>(a)</sup> | 1493 | 175651 |
| Bank of New York Mellon Corp. <sup>(a)</sup> | 3747 | 341389 |
| Coastal Financial Corp. <sup>(b)</sup> | 1844 | 178628 |
| Esquire Financial Holdings, Inc. <sup>(a)</sup> | 2189 | 207211 |
| HSBC Holdings PLC - ADR <sup>(a)</sup> | 3083 | 187416 |
| Mizuho Financial Group, Inc. - ADR <sup>(a)</sup> | 31616 | 175785 |
| NatWest Group PLC - ADR <sup>(a)</sup> | 23118 | 327120 |
| Nicolet Bankshares, Inc. <sup>(a)</sup> | 3525 | 435267 |
| Third Coast Bancshares, Inc. <sup>(a)(b)</sup> | 6837 | 223365 |
|  |  | 2800453 |
| **Beverages - 0.2%** | **Beverages - 0.2%** |  |
| Embotelladora Andina SA - ADR <sup>(a)</sup> | 4037 | 98261 |
| **Biotechnology - 2.2%** | **Biotechnology - 2.2%** |  |
| ADMA Biologics, Inc. <sup>(a)(b)</sup> | 11381 | 207248 |
| Corteva, Inc. <sup>(a)</sup> | 2629 | 195939 |
| Exelixis, Inc. <sup>(a)(b)</sup> | 3761 | 165766 |
| Gilead Sciences, Inc. <sup>(a)</sup> | 2198 | 243692 |
| Insmed, Inc. <sup>(a)(b)</sup> | 2978 | 299706 |
| Niagen Bioscience, Inc. <sup>(a)(b)</sup> | 10145 | 146190 |
|  |  | 1258541 |
| **Building Materials - 0.8%** | **Building Materials - 0.8%** |  |
| Tecnoglass, Inc. <sup>(a)</sup> | 5661 | 437935 |
| **Chemicals - 3.6%** | **Chemicals - 3.6%** |  |
| Hawkins, Inc. <sup>(a)</sup> | 4831 | 686485 |
| ICL Group Ltd. <sup>(a)</sup> | 107801 | 741671 |
| Oil-Dri Corp. of America <sup>(a)</sup> | 7816 | 461066 |
| Perimeter Solutions, Inc. <sup>(a)(b)</sup> | 10379 | 144475 |
|  |  | 2033697 |
| **Commercial Services - 3.6%** | **Commercial Services - 3.6%** |  |
| Barrett Business Services, Inc. <sup>(a)</sup> | 4329 | 180476 |
| Cintas Corp. <sup>(a)</sup> | 1172 | 261204 |
| Laureate Education, Inc. <sup>(a)(b)</sup> | 6692 | 156459 |
| Lincoln Educational Services Corp. <sup>(a)(b)</sup> | 12730 | 293426 |
| Stride, Inc. <sup>(a)(b)</sup> | 3261 | 473465 |
| Toast, Inc. - Class A <sup>(a)(b)</sup> | 5231 | 231681 |
| Universal Technical Institute, Inc. <sup>(a)(b)</sup> | 14199 | 481204 |
|  |  | 2077915 |
| **Computers - 3.2%** | **Computers - 3.2%** |  |
| CyberArk Software Ltd. <sup>(a)(b)</sup> | 1060 | 431293 |
| International Business Machines Corp. <sup>(a)</sup> | 1536 | 452782 |
| Kyndryl Holdings, Inc. <sup>(a)(b)</sup> | 4084 | 171365 |
| NextNav, Inc. <sup>(a)(b)</sup> | 27568 | 419033 |
| Rigetti Computing, Inc. <sup>(a)(b)</sup> | 11209 | 132939 |
| Zscaler, Inc. <sup>(a)(b)</sup> | 646 | 202805 |
|  |  | 1810217 |
| **Distribution & Wholesale - 0.3%** | **Distribution & Wholesale - 0.3%** |  |
| VSE Corp. <sup>(a)</sup> | 1241 | 162546 |
| **Diversified Financial Services - 3.7%** | **Diversified Financial Services - 3.7%** |  |
| Freedom Holding Corp. <sup>(a)(b)</sup> | 1857 | 271215 |
| Futu Holdings Ltd. - ADR <sup>(a)</sup> | 1204 | 148802 |
| LexinFintech Holdings Ltd. - ADR <sup>(a)</sup> | 15894 | 114596 |
| OppFi, Inc. <sup>(a)</sup> | 32389 | 453122 |
| Qifu Technology, Inc. - ADR <sup>(a)</sup> | 8569 | 371552 |
| SLM Corp. <sup>(a)</sup> | 10853 | 355870 |
| StoneX Group, Inc. <sup>(a)(b)</sup> | 4199 | 382697 |
|  |  | 2097854 |
| **Electric - 6.4%** | **Electric - 6.4%** |  |
| Clearway Energy, Inc. - Class A <sup>(a)</sup> | 4543 | 137471 |
| Empresa Distribuidora Y Comercializadora Norte - ADR <sup>(a)(b)</sup> | 18496 | 489959 |
| Entergy Corp. <sup>(a)</sup> | 6898 | 573362 |
| Kenon Holdings Ltd. <sup>(a)</sup> | 6152 | 255616 |
| Korea Electric Power Corp. - ADR <sup>(a)</sup> | 26888 | 382885 |
| NRG Energy, Inc. <sup>(a)</sup> | 5465 | 877570 |
| Oklo, Inc. <sup>(a)(b)</sup> | 3668 | 205371 |
| Vistra Corp. <sup>(a)</sup> | 3785 | 733571 |
|  |  | 3655805 |
| **Electronics - 3.8%** | **Electronics - 3.8%** |  |
| Celestica, Inc. <sup>(a)(b)</sup> | 8185 | 1277760 |
| ESCO Technologies, Inc. <sup>(a)</sup> | 897 | 172107 |
| Hesai Group - ADR <sup>(a)(b)</sup> | 7887 | 173120 |
| Mirion Technologies, Inc. <sup>(a)(b)</sup> | 18069 | 389026 |
| OSI Systems, Inc. <sup>(a)(b)</sup> | 725 | 163023 |
|  |  | 2175036 |
| **Engineering & Construction - 0.9%** | **Engineering & Construction - 0.9%** |  |
| Construction Partners, Inc. - Class A <sup>(a)(b)</sup> | 2293 | 243700 |
| Limbach Holdings, Inc. <sup>(a)(b)</sup> | 1995 | 279500 |
|  |  | 523200 |
| **Entertainment - 1.7%** | **Entertainment - 1.7%** |  |
| Live Nation Entertainment, Inc. <sup>(a)(b)</sup> | 2382 | 360349 |
| Sportradar Group AG - Class A <sup>(a)(b)</sup> | 21224 | 595970 |
|  |  | 956319 |
| **Environmental Control - 0.7%** | **Environmental Control - 0.7%** |  |
| Republic Services, Inc. <sup>(a)</sup> | 1591 | 392357 |
| **Food - 3.2%** | **Food - 3.2%** |  |
| Chefs' Warehouse, Inc. <sup>(a)(b)</sup> | 4341 | 276999 |
| Lifeway Foods, Inc. <sup>(a)(b)</sup> | 6249 | 154038 |
| Seneca Foods Corp. - Class A <sup>(a)(b)</sup> | 4225 | 428542 |
| Sprouts Farmers Market, Inc. <sup>(a)(b)</sup> | 4841 | 797022 |
| US Foods Holding Corp. <sup>(a)(b)</sup> | 2453 | 188906 |
|  |  | 1845507 |
| **Gas - 1.7%** | **Gas - 1.7%** |  |
| National Fuel Gas Co. <sup>(a)</sup> | 3227 | 273359 |
| NiSource, Inc. <sup>(a)</sup> | 6859 | 276692 |
| UGI Corp. <sup>(a)</sup> | 11475 | 417920 |
|  |  | 967971 |
| **Healthcare - Products - 1.5%** | **Healthcare - Products - 1.5%** |  |
| Adaptive Biotechnologies Corp. <sup>(a)(b)</sup> | 38025 | 442991 |
| Boston Scientific Corp. <sup>(a)(b)</sup> | 2706 | 290652 |
| iRhythm Technologies, Inc. <sup>(a)(b)</sup> | 923 | 142105 |
|  |  | 875748 |
| **Healthcare - Services - 0.4%** | **Healthcare - Services - 0.4%** |  |
| Quest Diagnostics, Inc. <sup>(a)</sup> | 1167 | 209628 |
| **Insurance - 2.9%** | **Insurance - 2.9%** |  |
| Axis Capital Holdings Ltd. | 5414 | 562082 |
| Heritage Insurance Holdings, Inc. <sup>(a)(b)</sup> | 14093 | 351479 |
| International General Insurance Holdings Ltd. <sup>(a)</sup> | 4998 | 120052 |
| Root, Inc. <sup>(a)(b)</sup> | 1123 | 143710 |
| Unum Group <sup>(a)</sup> | 5795 | 468004 |
|  |  | 1645327 |
| **Internet - 9.8%** | **Internet - 9.8%** |  |
| Alibaba Group Holding Ltd. - ADR <sup>(a)</sup> | 2844 | 322538 |
| DoorDash, Inc. - Class A <sup>(a)(b)</sup> | 2673 | 658921 |
| Full Truck Alliance Co. Ltd. - Class A - ADR <sup>(a)</sup> | 24339 | 287444 |
| Hims & Hers Health, Inc. <sup>(a)(b)</sup> | 6323 | 315202 |
| Meta Platforms, Inc. - Class A <sup>(a)</sup> | 476 | 351331 |
| Netflix, Inc. <sup>(a)(b)</sup> | 642 | 859721 |
| Robinhood Markets, Inc. - Class A <sup>(a)(b)</sup> | 12570 | 1176929 |
| Sea Ltd. - Class A - ADR <sup>(a)(b)</sup> | 3969 | 634802 |
| Spotify Technology SA <sup>(a)(b)</sup> | 1029 | 789593 |
| Tencent Music Entertainment Group - ADR <sup>(a)</sup> | 9117 | 177690 |
|  |  | 5574171 |
| **Investment Companies - 0.2%** | **Investment Companies - 0.2%** |  |
| Cango, Inc. - Class A - ADR <sup>(a)(b)</sup> | 29006 | 140679 |
| **Iron & Steel - 1.2%** | **Iron & Steel - 1.2%** |  |
| Carpenter Technology Corp. <sup>(a)</sup> | 2205 | 609418 |
| Mesabi Trust <sup>(a)</sup> | 3888 | 93156 |
|  |  | 702574 |
| **Machinery - Diversified - 0.6%** | **Machinery - Diversified - 0.6%** |  |
| DXP Enterprises, Inc. <sup>(a)(b)</sup> | 1470 | 128845 |
| Mueller Water Products, Inc. - Class A <sup>(a)</sup> | 9538 | 229294 |
|  |  | 358139 |
| **Media - 0.7%** | **Media - 0.7%** |  |
| Fox Corp. - Class A <sup>(a)</sup> | 7603 | 426072 |
| **Metal Fabricate & Hardware - 1.5%** | **Metal Fabricate & Hardware - 1.5%** |  |
| Mueller Industries, Inc. <sup>(a)</sup> | 6172 | 490489 |
| Worthington Enterprises, Inc. <sup>(a)</sup> | 5564 | 354093 |
|  |  | 844582 |
| **Mining - 3.9%** | **Mining - 3.9%** |  |
| Agnico Eagle Mines Ltd. <sup>(a)</sup> | 6739 | 801469 |
| Alamos Gold, Inc. - Class A <sup>(a)</sup> | 23955 | 636245 |
| Skeena Resources Ltd. <sup>(a)(b)</sup> | 37897 | 603320 |
| United States Lime & Minerals, Inc. <sup>(a)</sup> | 1615 | 161177 |
|  |  | 2202211 |
| **Miscellaneous Manufacturing - 2.1%** | **Miscellaneous Manufacturing - 2.1%** |  |
| 3M Co. <sup>(a)</sup> | 1911 | 290931 |
| Axon Enterprise, Inc. <sup>(a)(b)</sup> | 661 | 547268 |
| Byrna Technologies, Inc. <sup>(a)(b)</sup> | 12363 | 381769 |
|  |  | 1219968 |
| **Multi-National - 0.7%** | **Multi-National - 0.7%** |  |
| Banco Latinoamericano de Comercio Exterior SA <sup>(a)</sup> | 9421 | 379666 |
| **Office - Business Equipment - 1.4%** | **Office - Business Equipment - 1.4%** |  |
| Pitney Bowes, Inc. <sup>(a)</sup> | 75771 | 826662 |
| **Oil & Gas - 1.2%** | **Oil & Gas - 1.2%** |  |
| Comstock Resources, Inc. <sup>(a)(b)</sup> | 6598 | 182567 |
| Gulfport Energy Corp. <sup>(a)(b)</sup> | 1660 | 333942 |
| Texas Pacific Land Corp. <sup>(a)</sup> | 136 | 143669 |
|  |  | 660178 |
| **Oil & Gas Services - 1.7%** | **Oil & Gas Services - 1.7%** |  |
| Archrock, Inc. <sup>(a)</sup> | 6858 | 170284 |
| Aris Water Solutions, Inc. - Class A <sup>(a)</sup> | 27493 | 650209 |
| Solaris Energy Infrastructure, Inc. <sup>(a)</sup> | 5564 | 157406 |
|  |  | 977899 |
| **Pharmaceuticals - 1.1%** | **Pharmaceuticals - 1.1%** |  |
| Mirum Pharmaceuticals, Inc. <sup>(a)(b)</sup> | 2468 | 125597 |
| Rhythm Pharmaceuticals, Inc. <sup>(a)(b)</sup> | 2420 | 152920 |
| Verona Pharma PLC - ADR <sup>(a)(b)</sup> | 3940 | 372645 |
|  |  | 651162 |
| **Pipelines - 0.4%** | **Pipelines - 0.4%** |  |
| MPLX LP <sup>(a)</sup> | 4787 | 246578 |
| **Real Estate - 1.5%** | **Real Estate - 1.5%** |  |
| Five Point Holdings LLC - Class A <sup>(a)(b)</sup> | 77903 | 428466 |
| IRSA Inversiones y Representaciones SA - ADR <sup>(a)</sup> | 28743 | 400390 |
|  |  | 828856 |
| **Retail - 3.9%** | **Retail - 3.9%** |  |
| BJ's Wholesale Club Holdings, Inc. <sup>(a)(b)</sup> | 1510 | 162823 |
| Carvana Co. <sup>(a)(b)</sup> | 2518 | 848465 |
| Cheesecake Factory, Inc. <sup>(a)</sup> | 5589 | 350207 |
| Dutch Bros, Inc. - Class A <sup>(a)(b)</sup> | 6328 | 432646 |
| Group 1 Automotive, Inc. <sup>(a)</sup> | 954 | 416621 |
|  |  | 2210762 |
| **Semiconductors - 0.9%** | **Semiconductors - 0.9%** |  |
| Broadcom, Inc. | 1262 | 347870 |
| NVIDIA Corp. <sup>(a)</sup> | 904 | 142823 |
|  |  | 490693 |
| **Software - 9.1%** | **Software - 9.1%** |  |
| Alignment Healthcare, Inc. <sup>(a)(b)</sup> | 18094 | 253316 |
| AvePoint, Inc. <sup>(a)(b)</sup> | 8718 | 168345 |
| Climb Global Solutions, Inc. <sup>(a)</sup> | 2415 | 258188 |
| Cloudflare, Inc. - Class A <sup>(a)(b)</sup> | 3182 | 623131 |
| Duolingo, Inc. - Class A <sup>(a)(b)</sup> | 420 | 172209 |
| Magic Software Enterprises Ltd. <sup>(a)</sup> | 10986 | 210052 |
| MicroStrategy, Inc. - Class A <sup>(a)(b)</sup> | 1874 | 757527 |
| Nutex Health, Inc. <sup>(a)(b)</sup> | 3147 | 391770 |
| Olo, Inc. - Class A <sup>(a)(b)</sup> | 19447 | 173078 |
| Palantir Technologies, Inc. - Class A <sup>(a)(b)</sup> | 5171 | 704911 |
| Red Violet, Inc. <sup>(a)</sup> | 5622 | 276602 |
| SAP SE - ADR <sup>(a)</sup> | 1674 | 509063 |
| SoundHound AI, Inc. - Class A <sup>(a)(b)</sup> | 8173 | 87696 |
| Take-Two Interactive Software, Inc. <sup>(a)(b)</sup> | 1502 | 364761 |
| Youdao, Inc. - ADR <sup>(a)(b)</sup> | 30267 | 260296 |
|  |  | 5210945 |
| **Telecommunications - 4.7%** | **Telecommunications - 4.7%** |  |
| AST SpaceMobile, Inc. - Class A <sup>(a)(b)</sup> | 6657 | 311082 |
| AT&T, Inc. | 22853 | 661366 |
| Credo Technology Group Holding Ltd. <sup>(a)(b)</sup> | 4769 | 441562 |
| IDT Corp. - Class B <sup>(a)</sup> | 8092 | 552845 |
| Satellogic, Inc. - Class A <sup>(a)(b)</sup> | 28936 | 104748 |
| Telephone and Data Systems, Inc. <sup>(a)</sup> | 7265 | 258489 |
| VEON Ltd. - ADR <sup>(a)(b)</sup> | 7288 | 335758 |
|  |  | 2665850 |
| **Transportation - 0.5%** | **Transportation - 0.5%** |  |
| Euroseas Ltd. <sup>(a)</sup> | 6200 | 277264 |
| **Water - 1.0%** | **Water - 1.0%** |  |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP - ADR <sup>(a)</sup> | 24922 | 547536 |
| **TOTAL COMMON STOCKS** (Cost $47,166,319) | **TOTAL COMMON STOCKS** (Cost $47,166,319) | 58476117 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 1.0%** |  |  |
| EPR Properties <sup>(a)</sup> | 4984 | 290368 |
| Welltower, Inc. <sup>(a)</sup> | 1823 | 280250 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $513,954) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $513,954) | 570618 |
| **CLOSED-END FUNDS - 0.3%** |  |  |
| Main Street Capital Corp. <sup>(a)</sup> | 2924 | 172808 |
| **TOTAL CLOSED-END FUNDS** (Cost $170,179) | **TOTAL CLOSED-END FUNDS** (Cost $170,179) | 172808 |
| **SHORT-TERM INVESTMENTS - 10.0%** |  |  |
| **Money Market Funds - 10.0%** |  |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(a)(c)</sup> | 5706413 | 5706413 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $5,706,413) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $5,706,413) | 5706413 |
| **TOTAL INVESTMENTS - 113.8% (**Cost $53,556,865**)** | **TOTAL INVESTMENTS - 113.8% (**Cost $53,556,865**)** | 64925956 |
| Liabilities in Excess of Other Assets - (13.8)% | Liabilities in Excess of Other Assets - (13.8)% | (7886967) |
| **TOTAL NET ASSETS - 100.0%** |  | $57038989 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| LLC – Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |

---

(a) All or a portion of security has been pledged as collateral for securities sold short. The fair value of assets committed as collateral as of June 30, 2025 is $15,134,695.

(b) Non-income producing security.

(c) The rate shown represents the 7-day annualized effective yield as of June 30, 2025.

------

---

| | | |
|:---|:---|:---|
| **Even Herd Long Short ETF** | **Even Herd Long Short ETF** | **Even Herd Long Short ETF** |
| **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **COMMON STOCKS** - **(54.0)%** | **Shares** | **Value** |
| **Advertising - (0.3)%** | **Advertising - (0.3)%** | |
| WPP PLC - ADR | (4507) | $(157790) |
| **Aerospace & Defense - (0.9)%** | **Aerospace & Defense - (0.9)%** |  |
| Hexcel Corp. | (9372) | (529424) |
| **Agriculture - (0.9)%** | **Agriculture - (0.9)%** |  |
| Andersons, Inc. | (9148) | (336189) |
| Archer-Daniels-Midland Co. | (3207) | (169265) |
|  |  | (505454) |
| **Apparel - (0.4)%** | **Apparel - (0.4)%** |  |
| Carter's, Inc. | (4265) | (128505) |
| Ermenegildo Zegna NV | (13813) | (118101) |
|  |  | (246606) |
| **Auto Manufacturers - (0.3)%** | **Auto Manufacturers - (0.3)%** |  |
| Rivian Automotive, Inc. - Class A | (11958) | (164303) |
| **Banks - (0.5)%** | **Banks - (0.5)%** |  |
| Walker & Dunlop, Inc. | (3893) | (274379) |
| **Beverages - (0.6)%** | **Beverages - (0.6)%** |  |
| Constellation Brands, Inc. - Class A | (2036) | (331216) |
| **Biotechnology - (1.1)%** | **Biotechnology - (1.1)%** |  |
| Illumina, Inc. | (3598) | (343285) |
| Regeneron Pharmaceuticals, Inc. | (254) | (133350) |
| Xenon Pharmaceuticals, Inc. | (5390) | (168707) |
|  |  | (645342) |
| **Building Materials - (0.6)%** | **Building Materials - (0.6)%** |  |
| Fortune Brands Innovations, Inc. | (3185) | (163964) |
| Hayward Holdings, Inc. | (12464) | (172003) |
|  |  | (335967) |
| **Chemicals - (1.5)%** | **Chemicals - (1.5)%** |  |
| Albemarle Corp. | (1827) | (114498) |
| Axalta Coating Systems Ltd. | (4983) | (147945) |
| Celanese Corp. | (3407) | (188509) |
| FMC Corp. | (3394) | (141700) |
| HB Fuller Co. | (1742) | (104781) |
| Rogers Corp. | (2059) | (141001) |
|  |  | (838434) |
| **Commercial Services - (4.9)%** | **Commercial Services - (4.9)%** |  |
| Block, Inc. | (2973) | (201956) |
| Cimpress PLC | (3640) | (171080) |
| ICF International, Inc. | (4683) | (396697) |
| New Oriental Education & Technology Group, Inc. - ADR | (4655) | (251137) |
| Paysafe Ltd. | (30893) | (389870) |
| Rentokil Initial PLC - ADR | (10777) | (258648) |
| Strategic Education, Inc. | (5865) | (499287) |
| Transcat, Inc. | (2012) | (172952) |
| WillScot Holdings Corp. | (15888) | (435331) |
|  |  | (2776958) |
| **Computers - (2.6)%** | **Computers - (2.6)%** |  |
| Accenture PLC - Class A | (477) | (142570) |
| Apple, Inc. | (1670) | (342634) |
| Globant SA | (1421) | (129084) |
| HP, Inc. | (4938) | (120783) |
| Insight Enterprises, Inc. | (1041) | (143746) |
| Integral Ad Science Holding Corp. | (26783) | (222567) |
| KBR, Inc. | (8324) | (399053) |
|  |  | (1500437) |
| **Distribution & Wholesale - (0.3)%** | **Distribution & Wholesale - (0.3)%** |  |
| Copart, Inc. | (3487) | (171107) |
| **Diversified Financial Services - (2.2)%** | **Diversified Financial Services - (2.2)%** |  |
| LendingClub Corp. | (15174) | (182543) |
| Pagseguro Digital Ltd. - Class A | (36467) | (351542) |
| T Rowe Price Group, Inc. | (2648) | (255532) |
| Voya Financial, Inc. | (6949) | (493379) |
|  |  | (1282996) |
| **Electric - (1.4)%** | **Electric - (1.4)%** |  |
| Edison International | (7252) | (374203) |
| Hawaiian Electric Industries, Inc. | (15940) | (169442) |
| Otter Tail Corp. | (2125) | (163817) |
| PG&E Corp. | (8034) | (111994) |
|  |  | (819456) |
| **Electrical Components & Equipment - (0.6)%** | **Electrical Components & Equipment - (0.6)%** |  |
| Novanta, Inc. | (2790) | (359715) |
| **Electronics - (0.3)%** | **Electronics - (0.3)%** |  |
| Vicor Corp. | (3624) | (164385) |
| **Engineering & Construction - (0.6)%** | **Engineering & Construction - (0.6)%** |  |
| Exponent, Inc. | (4369) | (326408) |
| **Entertainment - (1.6)%** | **Entertainment - (1.6)%** |  |
| Caesars Entertainment, Inc. | (12193) | (346159) |
| Six Flags Entertainment Corp. | (5544) | (168704) |
| United Parks & Resorts, Inc. | (3870) | (182471) |
| Vail Resorts, Inc. | (1457) | (228938) |
|  |  | (926272) |
| **Food - (3.3)%** | **Food - (3.3)%** |  |
| Grocery Outlet Holding Corp. | (36908) | (458397) |
| Ingles Markets, Inc. - Class A | (5379) | (340921) |
| John B Sanfilippo & Son, Inc. | (4916) | (310888) |
| Lamb Weston Holdings, Inc. | (6885) | (356987) |
| Nomad Foods Ltd. | (8391) | (142563) |
| TreeHouse Foods, Inc. | (13770) | (267414) |
|  |  | (1877170) |
| **Healthcare - Products - (2.5)%** | **Healthcare - Products - (2.5)%** |  |
| Align Technology, Inc. | (906) | (171533) |
| Azenta, Inc. | (9255) | (284869) |
| Baxter International, Inc. | (9161) | (277395) |
| Cooper Cos., Inc. | (1631) | (116062) |
| Enovis Corp. | (5042) | (158117) |
| GE HealthCare Technologies, Inc. | (2288) | (169472) |
| Revvity, Inc. | (1396) | (135021) |
| Tandem Diabetes Care, Inc. | (6408) | (119445) |
|  |  | (1431914) |
| **Healthcare - Services - (1.2)%** | **Healthcare - Services - (1.2)%** |  |
| Astrana Health, Inc. | (6839) | (170154) |
| LifeStance Health Group, Inc. | (36878) | (190659) |
| Sotera Health Co. | (9785) | (108809) |
| Teladoc Health, Inc. | (27667) | (240980) |
|  |  | (710602) |
| **Home Furnishings - (1.1)%** | **Home Furnishings - (1.1)%** |  |
| Dolby Laboratories, Inc. - Class A | (2273) | (168793) |
| MillerKnoll, Inc. | (19254) | (373913) |
| Sonos, Inc. | (10510) | (113613) |
|  |  | (656319) |
| **Household Products & Wares - (0.5)%** | **Household Products & Wares - (0.5)%** |  |
| Spectrum Brands Holdings, Inc. | (5593) | (296429) |
| **Insurance - (1.1)%** | **Insurance - (1.1)%** |  |
| Erie Indemnity Co. - Class A | (462) | (160217) |
| Everest Group Ltd. | (815) | (276978) |
| Selective Insurance Group, Inc. | (1913) | (165761) |
|  |  | (602956) |
| **Internet - (2.7)%** | **Internet - (2.7)%** |  |
| Angi, Inc. | (4013) | (61238) |
| Etsy, Inc. | (6772) | (339683) |
| Match Group, Inc. | (10575) | (326662) |
| Revolve Group, Inc. | (7541) | (151197) |
| Snap, Inc. - Class A | (54282) | (471711) |
| Upwork, Inc. | (12556) | (168753) |
|  |  | (1519244) |
| **Iron & Steel - (0.2)%** | **Iron & Steel - (0.2)%** |  |
| POSCO Holdings, Inc. - ADR | (2953) | (143191) |
| **Machinery - Diversified - (1.5)%** | **Machinery - Diversified - (1.5)%** |  |
| Albany International Corp. - Class A | (3545) | (248611) |
| Kornit Digital Ltd. | (17233) | (343109) |
| Nordson Corp. | (506) | (108471) |
| Tennant Co. | (1815) | (140626) |
|  |  | (840817) |
| **Media - (1.9)%** | **Media - (1.9)%** |  |
| Cable One, Inc. | (2601) | (353242) |
| FactSet Research Systems, Inc. | (380) | (169966) |
| Liberty Global Ltd. - Class A | (12954) | (129670) |
| Sinclair, Inc. | (12615) | (174339) |
| Sirius XM Holdings, Inc. | (10353) | (237808) |
|  |  | (1065025) |
| **Miscellaneous Manufacturing - (0.9)%** | **Miscellaneous Manufacturing - (0.9)%** |  |
| Materion Corp. | (1965) | (155962) |
| Trinity Industries, Inc. | (12522) | (338219) |
|  |  | (494181) |
| **Office - Business Equipment - (0.3)%** | **Office - Business Equipment - (0.3)%** |  |
| Zebra Technologies Corp. - Class A | (539) | (166206) |
| **Oil & Gas - (1.6)%** | **Oil & Gas - (1.6)%** |  |
| California Resources Corp. | (3120) | (142490) |
| Noble Corp. PLC | (3749) | (99536) |
| Petroleo Brasileiro SA - Petrobras - ADR | (27883) | (321770) |
| Seadrill Ltd. | (12789) | (335711) |
|  |  | (899507) |
| **Pharmaceuticals - (0.3)%** | **Pharmaceuticals - (0.3)%** |  |
| Dexcom, Inc. | (2217) | (193522) |
| **Real Estate - (0.6)%** | **Real Estate - (0.6)%** |  |
| Marcus & Millichap, Inc. | (10729) | (329488) |
| **Retail - (1.3)%** | **Retail - (1.3)%** |  |
| Arcos Dorados Holdings, Inc. - Class A | (21742) | (171544) |
| Freshpet, Inc. | (5710) | (388052) |
| Papa John's International, Inc. | (3522) | (172367) |
|  |  | (731963) |
| **Software - (7.8)%** | **Software - (7.8)%** |  |
| ACV Auctions, Inc. - Class A | (27729) | (449764) |
| Adobe, Inc. | (864) | (334264) |
| Akamai Technologies, Inc. | (2092) | (166858) |
| Appian Corp. - Class A | (11830) | (353244) |
| BILL Holdings, Inc. | (7761) | (359024) |
| C3.ai, Inc. - Class A | (6938) | (170467) |
| CCC Intelligent Solutions Holdings, Inc. | (26593) | (250240) |
| Docebo, Inc. | (2671) | (77299) |
| Elastic NV | (2043) | (172286) |
| Global-e Online Ltd. | (5139) | (172362) |
| Jamf Holding Corp. | (27301) | (259633) |
| MongoDB, Inc. | (811) | (170302) |
| nCino, Inc. | (15156) | (423913) |
| PagerDuty, Inc. | (11176) | (170769) |
| Sprout Social, Inc. - Class A | (13554) | (283414) |
| SPS Commerce, Inc. | (2874) | (391123) |
| Synopsys, Inc. | (454) | (232757) |
|  |  | (4437719) |
| **Telecommunications - (1.1)%** | **Telecommunications - (1.1)%** |  |
| BCE, Inc. | (12485) | (276793) |
| Harmonic, Inc. | (23666) | (224117) |
| Telkom Indonesia Persero Tbk PT - ADR | (8480) | (143651) |
|  |  | (644561) |
| **Transportation - (2.5)%** | **Transportation - (2.5)%** |  |
| Matson, Inc. | (3765) | (419233) |
| RXO, Inc. | (32498) | (510869) |
| Scorpio Tankers, Inc. | (4149) | (162350) |
| ZTO Express Cayman, Inc. - ADR | (18770) | (333167) |
|  |  | (1425619) |
| **TOTAL COMMON STOCKS** (Proceeds $31,189,518) | **TOTAL COMMON STOCKS** (Proceeds $31,189,518) | (30823082) |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON** - **(1.5)%** | **Shares** | **Value** |
| Alexandria Real Estate Equities, Inc. | (1490) | (108219) |
| Federal Realty Investment Trust | (1734) | (164713) |
| Healthpeak Properties, Inc. | (9250) | (161967) |
| Innovative Industrial Properties, Inc. | (7576) | (418347) |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Proceeds $895,658) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Proceeds $895,658) | (853246) |
| **TOTAL SECURITIES SOLD SHORT - (55.5)%** (Proceeds $32,085,176) |  | $(31676328) |
| Percentages are stated as a percent of net assets. |  |  |
| ADR - American Depositary Receipt | ADR - American Depositary Receipt | ADR - American Depositary Receipt |
| PLC - Public Limited Company | PLC - Public Limited Company | PLC - Public Limited Company |

---

------

**Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)** 

Even Herd Long Short ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $58476117 | $– | $– | $58476117 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 570618 | – | – | 570618 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Closed-End Funds | 172808 | – | – | 172808 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 5706413 | – | – | 5706413 |
| Total Investments | $64925956 | $– | $– | $64925956 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $(30823082) | $– | $– | $(30823082) |
| &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | (853246) | – | – | (853246) |
| Total Investments | $(31676328) | $– | $– | $(31676328) |
| Refer to the Schedule of Investments and Schedule of Securities Sold Short for industry classifications. | Refer to the Schedule of Investments and Schedule of Securities Sold Short for industry classifications. | Refer to the Schedule of Investments and Schedule of Securities Sold Short for industry classifications. | Refer to the Schedule of Investments and Schedule of Securities Sold Short for industry classifications. | Refer to the Schedule of Investments and Schedule of Securities Sold Short for industry classifications. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Tidal Trust II

- **b. Investment Company Act file number:** 811-23793

- **c. CIK number of Registrant:** 0001924868

- **d. LEI of Registrant:** 549300BGXECFCIZF2P89

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

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 844-986-7700

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

- **a. Name of Series:** Even Herd Long Short ETF

- **b. EDGAR series identifier (if any):** S000084434

- **c. LEI of Series:** 254900W4EPIN82R8C244

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

- **a. Date of fiscal year-end:** 2026-03-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $88367967.38

**Total Liabilities:** $31324480.62

**Net Assets:** $57043486.76

**Cash Not Reported:** $23590173.64

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248811 | 4.34%                | 3.83%                | 3.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-674913.92              | $2739345.86                                |
| Month 2  | $-1107139.02             | $3031345.20                                |
| Month 3  | $-224267.77              | $1961221.32                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LendingClub Corp               | LendingClub Corp                                       | CUSIP: 52603A208<br>LEI: 549300YC50YO7Y1OJR92 | Short            | EC               | CORP              | US        |    -15174 | NS      | $-182543.22   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Lifeway Foods Inc              | Lifeway Foods Inc                                      | CUSIP: 531914109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6249 | NS      | $154037.85    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| LifeStance Health Group Inc    | LifeStance Health Group Inc                            | CUSIP: 53228F101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -36878 | NS      | $-190659.26   | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Limbach Holdings Inc           | Limbach Holdings Inc                                   | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               | CORP              | US        |      1995 | NS      | $279499.50    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                     | Matson Inc                                             | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Short            | EC               | CORP              | US        |     -3765 | NS      | $-419232.75   | -0.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Kornit Digital Ltd             | Kornit Digital Ltd                                     | CUSIP: N/A<br>LEI: 5299006DPCQWP3VTFK34       | Short            | EC               | CORP              | IL        |    -17233 | NS      | $-343109.03   | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                              | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Short            | EC               | CORP              | US        |      -864 | NS      | $-334264.32   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                | Rocket Lab Corp                                        | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11497 | NS      | $411247.69    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc         | Sirius XM Holdings Inc                                 | CUSIP: 829933100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -10353 | NS      | $-237808.41   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Sonos Inc                      | Sonos Inc                                              | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Short            | EC               | CORP              | US        |    -10510 | NS      | $-113613.10   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc     | Sprouts Farmers Market Inc                             | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      4841 | NS      | $797022.24    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc | Telephone and Data Systems Inc                         | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7265 | NS      | $258488.70    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                      | Toast Inc                                              | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |      5231 | NS      | $231680.99    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                     | Upwork Inc                                             | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Short            | EC               | CORP              | US        |    -12556 | NS      | $-168752.64   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp         | WillScot Holdings Corp                                 | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Short            | EC               | CORP              | US        |    -15888 | NS      | $-435331.20   | -0.76%            |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA          | Spotify Technology SA                                  | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | SE        |      1029 | NS      | $789592.86    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Angi Inc                       | Angi Inc                                               | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Short            | EC               | CORP              | US        |     -4013 | NS      | $-61238.38    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc            | AST SpaceMobile Inc                                    | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |      6657 | NS      | $311081.61    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp      | Albany International Corp                              | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Short            | EC               | CORP              | US        |     -3545 | NS      | $-248610.85   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc           | Align Technology Inc                                   | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Short            | EC               | CORP              | US        |      -906 | NS      | $-171532.98   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare Inc       | Alignment Healthcare Inc                               | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18094 | NS      | $253316.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AvePoint Inc                   | AvePoint Inc                                           | CUSIP: 053604104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8718 | NS      | $168344.58    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Macro SA                 | Banco Macro SA                                         | CUSIP: 05961W105<br>LEI: 579100KKDKKIFEBKK040 | Long             | EC               | CORP              | AR        |      7814 | NS      | $548620.94    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/T | Bank of New York Mellon Corp/The                       | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      3747 | NS      | $341389.17    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                | Alamos Gold Inc                                        | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |     27747 | NS      | $736960.32    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                   | Duolingo Inc                                           | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       420 | NS      | $172208.40    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                     | Elastic NV                                             | CUSIP: N/A<br>LEI: 2549003I48WHHH937I59       | Short            | EC               | CORP              | US        |     -2043 | NS      | $-172286.19   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Byrna Technologies Inc         | Byrna Technologies Inc                                 | CUSIP: 12448X201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12363 | NS      | $381769.44    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc      | Caesars Entertainment Inc                              | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Short            | EC               | CORP              | US        |    -12193 | NS      | $-346159.27   | -0.61%            |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp      | California Resources Corp                              | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Short            | EC               | CORP              | US        |     -3120 | NS      | $-142490.40   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Cango Inc/KY                   | Cango Inc/KY                                           | CUSIP: 137586103<br>LEI: 5299003TQHBB4QUSZB86 | Long             | EC               | CORP              | CN        |     29006 | NS      | $140679.10    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp      | Carpenter Technology Corp                              | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      2205 | NS      | $609417.90    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                  | Celanese Corp                                          | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Short            | EC               | CORP              | US        |     -3407 | NS      | $-188509.31   | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc      | Construction Partners Inc                              | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |      2293 | NS      | $243700.04    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank First Corp                | Bank First Corp                                        | CUSIP: 06211J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1493 | NS      | $175651.45    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc              | BILL Holdings Inc                                      | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Short            | EC               | CORP              | US        |     -7761 | NS      | $-359023.86   | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd      | Axis Capital Holdings Ltd                              | CUSIP: N/A<br>LEI: 635400VD2NQBYAHMEM55       | Long             | EC               | CORP              | BM        |      5414 | NS      | $562081.48    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Bladex                         | Banco Latinoamericano de Comercio Exterior SA          | CUSIP: N/A<br>LEI: 549300CN3134K4LC0651       | Long             | EC               | CORP              | PA        |      9421 | NS      | $379666.30    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                   | HB Fuller Co                                           | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Short            | EC               | CORP              | US        |     -1742 | NS      | $-104781.30   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc      | Healthpeak Properties Inc                              | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Short            | EC               | CORP              | US        |     -9250 | NS      | $-161967.50   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Insurance Holdings In | Heritage Insurance Holdings Inc                        | CUSIP: 42727J102<br>LEI: 9845008CCYDD87F66B45 | Long             | EC               | CORP              | US        |     14093 | NS      | $351479.42    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc          | Republic Services Inc                                  | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      1591 | NS      | $392356.51    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrett Business Services Inc  | Barrett Business Services Inc                          | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |      4329 | NS      | $180476.01    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1262 | NS      | $347870.30    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC Intelligent Solutions Hold | CCC Intelligent Solutions Holdings Inc                 | CUSIP: 12510Q100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -26593 | NS      | $-250240.13   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                                            | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1172 | NS      | $261203.64    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Docebo Inc                     | Docebo Inc                                             | CUSIP: 25609L105<br>LEI: 98450059461F12KCE754 | Short            | EC               | CORP              | CA        |     -2671 | NS      | $-77298.74    | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Cimpress PLC                   | Cimpress PLC                                           | CUSIP: N/A<br>LEI: 549300X1IFD75XISOR81       | Short            | EC               | CORP              | IE        |     -3640 | NS      | $-171080.00   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                    | Enovis Corp                                            | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Short            | EC               | CORP              | US        |     -5042 | NS      | $-158117.12   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co              | Erie Indemnity Co                                      | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Short            | EC               | CORP              | US        |      -462 | NS      | $-160216.98   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc          | ICF International Inc                                  | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Short            | EC               | CORP              | US        |     -4683 | NS      | $-396696.93   | -0.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                     | Insmed Inc                                             | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |      2978 | NS      | $299705.92    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Electric Power Corp      | Korea Electric Power Corp                              | CUSIP: 500631106<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |     26888 | NS      | $382885.12    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Euroseas Ltd                   | Euroseas Ltd                                           | CUSIP: N/A<br>LEI: 213800ADWWZOFC9KU444       | Long             | EC               | CORP              | GR        |      6200 | NS      | $277264.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Appian Corp                    | Appian Corp                                            | CUSIP: 03782L101<br>LEI: 529900NIARIFW7HGU386 | Short            | EC               | CORP              | US        |    -11830 | NS      | $-353243.80   | -0.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co      | Archer-Daniels-Midland Co                              | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Short            | EC               | CORP              | US        |     -3207 | NS      | $-169265.46   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Skeena Resources Ltd           | Skeena Resources Ltd                                   | CUSIP: 83056P715<br>LEI: 549300DCWSQFVVZ21289 | Long             | EC               | CORP              | CA        |     37897 | NS      | $603320.24    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SoundHound AI Inc              | SoundHound AI Inc                                      | CUSIP: 836100107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8173 | NS      | $87696.29     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Brands Holdings Inc   | Spectrum Brands Holdings Inc                           | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Short            | EC               | CORP              | US        |     -5593 | NS      | $-296429.00   | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc               | StoneX Group Inc                                       | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |      4199 | NS      | $382696.86    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Health Inc             | Teladoc Health Inc                                     | CUSIP: 87918A105<br>LEI: 549300I2PVFBC9MFAC61 | Short            | EC               | CORP              | US        |    -27667 | NS      | $-240979.57   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp          | US Foods Holding Corp                                  | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      2453 | NS      | $188905.53    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc            | Walker & Dunlop Inc                                    | CUSIP: 93148P102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -3893 | NS      | $-274378.64   | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                        | WEX Inc                                                | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Short            | EC               | CORP              | US        |      -777 | NS      | $-114133.53   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| ZTO Express Cayman Inc         | ZTO Express Cayman Inc                                 | CUSIP: 98980A105<br>LEI: 549300SCJPK3YZJTJR78 | Short            | EC               | CORP              | CN        |    -18770 | NS      | $-333167.50   | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                    | Zscaler Inc                                            | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |       646 | NS      | $202805.24    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc                       | Oklo Inc                                               | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3668 | NS      | $205371.32    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Niagen Bioscience Inc          | Niagen Bioscience Inc                                  | CUSIP: 171077407<br>LEI: 529900OPI7B8JPXCVS70 | Long             | EC               | CORP              | US        |     10145 | NS      | $146189.45    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| IDT Corp                       | IDT Corp                                               | CUSIP: 448947507<br>LEI: 549300JNTN7ZMJDFCL56 | Long             | EC               | CORP              | US        |      8092 | NS      | $552845.44    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                   | Illumina Inc                                           | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Short            | EC               | CORP              | US        |     -3598 | NS      | $-343285.18   | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Jamf Holding Corp              | Jamf Holding Corp                                      | CUSIP: 47074L105<br>LEI: 254900IHLXZU4Z5ANA12 | Short            | EC               | CORP              | US        |    -27301 | NS      | $-259632.51   | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc  | Live Nation Entertainment Inc                          | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      2382 | NS      | $360348.96    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co           | National Fuel Gas Co                                   | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      3227 | NS      | $273359.17    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC              | NatWest Group PLC                                      | CUSIP: 639057207<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |     23118 | NS      | $327119.70    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                   | Nordson Corp                                           | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Short            | EC               | CORP              | US        |      -506 | NS      | $-108471.22   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Oil-Dri Corp of America        | Oil-Dri Corp of America                                | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |      7816 | NS      | $461065.84    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Olo Inc                        | Olo Inc                                                | CUSIP: 68134L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19447 | NS      | $173078.30    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity Inc                    | Revvity Inc                                            | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Short            | EC               | CORP              | US        |     -1396 | NS      | $-135021.12   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc          | Quest Diagnostics Inc                                  | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      1167 | NS      | $209628.21    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive Inc          | Rivian Automotive Inc                                  | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Short            | EC               | CORP              | US        |    -11958 | NS      | $-164302.92   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Sinclair Inc                   | Sinclair Inc                                           | CUSIP: 829242106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -12615 | NS      | $-174339.30   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp        | Texas Pacific Land Corp                                | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       136 | NS      | $143669.04    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                     | Unum Group                                             | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |      5795 | NS      | $468004.20    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp PLC                 | Noble Corp PLC                                         | CUSIP: N/A<br>LEI: 549300I3HBUNXO0OG954       | Short            | EC               | CORP              | US        |     -3749 | NS      | $-99535.95    | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| ICL Group Ltd                  | ICL Group Ltd                                          | CUSIP: N/A<br>LEI: 529900FQVQD88SHIGM04       | Long             | EC               | CORP              | IL        |    107801 | NS      | $741670.88    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll Inc                | MillerKnoll Inc                                        | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Short            | EC               | CORP              | US        |    -19254 | NS      | $-373912.68   | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc      | Mirum Pharmaceuticals Inc                              | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |      2468 | NS      | $125596.52    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| New Oriental Education & Techn | New Oriental Education & Technology Group Inc          | CUSIP: 647581206<br>LEI: 529900NHZVBZQZ8EKN29 | Short            | EC               | CORP              | CN        |     -4655 | NS      | $-251137.25   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp  | Adaptive Biotechnologies Corp                          | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |     38025 | NS      | $442991.25    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Holdings Inc             | POSCO Holdings Inc                                     | CUSIP: 693483109<br>LEI: 988400E5HRVX81AYLM04 | Short            | EC               | CORP              | KR        |     -2953 | NS      | $-143190.97   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| PETROBRAS                      | Petroleo Brasileiro SA - Petrobras                     | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Short            | EC               | CORP              | BR        |    -27883 | NS      | $-321769.82   | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                        | Sea Ltd                                                | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |      3969 | NS      | $634801.86    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc  | Selective Insurance Group Inc                          | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Short            | EC               | CORP              | US        |     -1913 | NS      | $-165761.45   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods Inc            | TreeHouse Foods Inc                                    | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Short            | EC               | CORP              | US        |    -13770 | NS      | $-267413.40   | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                                            | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      3785 | NS      | $733570.85    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Paysafe Ltd                    | Paysafe Ltd                                            | CUSIP: N/A<br>LEI: 2138003K6PVDCI5TBN11       | Short            | EC               | CORP              | GB        |    -30893 | NS      | $-389869.66   | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Magic Software Enterprises Ltd | Magic Software Enterprises Ltd                         | CUSIP: 559166103<br>LEI: 529900PT36UHAIVEFN60 | Long             | EC               | CORP              | IL        |     10986 | NS      | $210052.32    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                | Match Group Inc                                        | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Short            | EC               | CORP              | US        |    -10575 | NS      | $-326661.75   | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                  | Materion Corp                                          | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Short            | EC               | CORP              | US        |     -1965 | NS      | $-155962.05   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                    | MongoDB Inc                                            | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Short            | EC               | CORP              | US        |      -811 | NS      | $-170301.89   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC              | HSBC Holdings PLC                                      | CUSIP: 404280406<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |      3083 | NS      | $187415.57    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| IRSA Inversiones y Representac | IRSA Inversiones y Representaciones SA                 | CUSIP: 450047303<br>LEI: 549300QJINFBX83IZ837 | Long             | EC               | CORP              | AR        |     28743 | NS      | $400389.99    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                            | International Business Machines Corp                   | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1536 | NS      | $452782.08    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesabi Trust                   | Mesabi Trust                                           | CUSIP: 590672101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3888 | NS      | $93156.48     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Nicolet Bankshares Inc         | Nicolet Bankshares Inc                                 | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3525 | NS      | $435267.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                            | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |       904 | NS      | $142822.96    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutex Health Inc               | Nutex Health Inc                                       | CUSIP: 67079U306<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3147 | NS      | $391770.03    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                              | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      5171 | NS      | $704910.72    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Es | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |     24922 | NS      | $547536.34    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc       | Constellation Brands Inc                               | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Short            | EC               | CORP              | US        |     -2036 | NS      | $-331216.48   | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                                             | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Short            | EC               | CORP              | US        |     -3487 | NS      | $-171107.09   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Integral Ad Science Holding Co | Integral Ad Science Holding Corp                       | CUSIP: 45828L108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -26783 | NS      | $-222566.73   | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc       | Lamb Weston Holdings Inc                               | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Short            | EC               | CORP              | US        |     -6885 | NS      | $-356987.25   | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc         | Marcus & Millichap Inc                                 | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Short            | EC               | CORP              | US        |    -10729 | NS      | $-329487.59   | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding | Credo Technology Group Holding Ltd                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      4769 | NS      | $441561.71    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global Ltd             | Liberty Global Ltd                                     | CUSIP: N/A<br>LEI: 213800HRMKKTYH7SKA24       | Short            | EC               | CORP              | GB        |    -12954 | NS      | $-129669.54   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd          | CyberArk Software Ltd                                  | CUSIP: N/A<br>LEI: 529900YEXNDM894PWS93       | Long             | EC               | CORP              | IL        |      1060 | NS      | $431292.80    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| WPP PLC                        | WPP PLC                                                | CUSIP: 92937A102<br>LEI: 549300LSGBXPYHXGDT93 | Short            | EC               | CORP              | GB        |     -4507 | NS      | $-157790.07   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc    | Worthington Enterprises Inc                            | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |      5564 | NS      | $354092.96    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE Inc                        | BCE Inc                                                | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Short            | EC               | CORP              | CA        |    -12485 | NS      | $-276792.45   | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                  | Cable One Inc                                          | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Short            | EC               | CORP              | US        |     -2601 | NS      | $-353241.81   | -0.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                   | Carter's Inc                                           | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Short            | EC               | CORP              | US        |     -4265 | NS      | $-128504.45   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                  | Celestica Inc                                          | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      8185 | NS      | $1277760.35   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc            | Clearway Energy Inc                                    | CUSIP: 18539C105<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |      4543 | NS      | $137471.18    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                 | Cloudflare Inc                                         | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      3182 | NS      | $623131.06    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp/WA      | Coastal Financial Corp/WA                              | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |      1844 | NS      | $178628.28    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/The             | Cooper Cos Inc/The                                     | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Short            | EC               | CORP              | US        |     -1631 | NS      | $-116061.96   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                    | Corteva Inc                                            | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      2629 | NS      | $195939.37    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                     | Dexcom Inc                                             | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Short            | EC               | CORP              | US        |     -2217 | NS      | $-193521.93   | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                   | DoorDash Inc                                           | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      2673 | NS      | $658921.23    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                                     | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       476 | NS      | $351330.84    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                         | HP Inc                                                 | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Short            | EC               | CORP              | US        |     -4938 | NS      | $-120783.48   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries I | Hawaiian Electric Industries Inc                       | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Short            | EC               | CORP              | US        |    -15940 | NS      | $-169442.20   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Hesai Group                    | Hesai Group                                            | CUSIP: 428050108<br>LEI: 836800KOYHURQT1JZY11 | Long             | EC               | CORP              | CN        |      7887 | NS      | $173119.65    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc        | Insight Enterprises Inc                                | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Short            | EC               | CORP              | US        |     -1041 | NS      | $-143746.49   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc     | Iridium Communications Inc                             | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Short            | EC               | CORP              | US        |     -5642 | NS      | $-170219.14   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc               | Leonardo DRS Inc                                       | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |      9291 | NS      | $431845.68    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Main Street Capital Corp       | Main Street Capital Corp                               | CUSIP: 56035L104<br>LEI: 5493001FS9QJLJNF3E20 | Long             | EC               | CORP              | US        |      2924 | NS      | $172808.40    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                                            | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       642 | NS      | $859721.46    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                      | PG&E Corp                                              | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Short            | EC               | CORP              | US        |     -8034 | NS      | $-111993.96   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Burford Capital Ltd            | Burford Capital Ltd                                    | CUSIP: N/A<br>LEI: 549300FUKUWFYJMT2277       | Short            | EC               | CORP              | US        |    -14775 | NS      | $-210691.50   | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                     | Globant SA                                             | CUSIP: N/A<br>LEI: 2221008DCMSPYS42DS88       | Short            | EC               | CORP              | LU        |     -1421 | NS      | $-129083.64   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Kenon Holdings Ltd/Singapore   | Kenon Holdings Ltd/Singapore                           | CUSIP: N/A<br>LEI: 254900N5LVBX92GMVN72       | Long             | EC               | CORP              | SG        |      6152 | NS      | $255615.60    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                     | Azenta Inc                                             | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Short            | EC               | CORP              | US        |     -9255 | NS      | $-284868.90   | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Youdao Inc                     | Youdao Inc                                             | CUSIP: 98741T104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     30267 | NS      | $260296.20    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| International General Insuranc | International General Insurance Holdings Ltd           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JO        |      4998 | NS      | $120051.96    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc        | Akamai Technologies Inc                                | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Short            | EC               | CORP              | US        |     -2092 | NS      | $-166857.92   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Aris Water Solutions Inc       | Aris Water Solutions Inc                               | CUSIP: 04041L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33076 | NS      | $782247.40    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund             | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   5203945 | NS      | $5203944.76   | 9.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd              | Everest Group Ltd                                      | CUSIP: N/A<br>LEI: 549300N24XF2VV0B3570       | Short            | EC               | CORP              | BM        |      -815 | NS      | $-276977.75   | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie | Alexandria Real Estate Equities Inc                    | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Short            | EC               | CORP              | US        |     -1490 | NS      | $-108218.70   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Andersons Inc/The              | Andersons Inc/The                                      | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Short            | EC               | CORP              | US        |     -9148 | NS      | $-336189.00   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                   | Archrock Inc                                           | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |      6858 | NS      | $170284.14    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI Systems Inc                | OSI Systems Inc                                        | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |       725 | NS      | $163023.50    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                       | VSE Corp                                               | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |      1241 | NS      | $162546.18    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Verona Pharma PLC              | Verona Pharma PLC                                      | CUSIP: 925050106<br>LEI: 213800EVI6O6J3TIAL06 | Long             | EC               | CORP              | GB        |      3940 | NS      | $372645.20    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                  | Welltower Inc                                          | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      1823 | NS      | $280249.79    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| iRhythm Technologies Inc       | iRhythm Technologies Inc                               | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |       923 | NS      | $142105.08    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                        | KBR Inc                                                | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Short            | EC               | CORP              | US        |     -8324 | NS      | $-399052.56   | -0.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education Inc         | Laureate Education Inc                                 | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |      6692 | NS      | $156458.96    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Educational Services C | Lincoln Educational Services Corp                      | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               | CORP              | US        |     12730 | NS      | $293426.50    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc | Fortune Brands Innovations Inc                         | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Short            | EC               | CORP              | US        |     -3185 | NS      | $-163963.80   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Global-e Online Ltd            | Global-e Online Ltd                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | EC               | CORP              | IL        |     -5139 | NS      | $-172362.06   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                   | Freshpet Inc                                           | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Short            | EC               | CORP              | US        |     -5710 | NS      | $-388051.60   | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc | GE HealthCare Technologies Inc                         | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Short            | EC               | CORP              | US        |     -2288 | NS      | $-169472.16   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Inc                   | Harmonic Inc                                           | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Short            | EC               | CORP              | US        |    -23666 | NS      | $-224117.02   | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                 | Albemarle Corp                                         | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Short            | EC               | CORP              | US        |     -1827 | NS      | $-114498.09   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                 | Dutch Bros Inc                                         | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6328 | NS      | $432645.36    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer SA                     | Embraer SA                                             | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |      9348 | NS      | $531994.68    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                       | Etsy Inc                                               | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Short            | EC               | CORP              | US        |     -6772 | NS      | $-339683.52   | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                   | Exelixis Inc                                           | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |      3761 | NS      | $165766.08    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                       | Fox Corp                                               | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      7603 | NS      | $426072.12    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Freedom Holding Corp/NV        | Freedom Holding Corp/NV                                | CUSIP: 356390104<br>LEI: 254900RKI81EPUJ3RW71 | Long             | EC               | CORP              | KZ        |      1857 | NS      | $271214.85    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc            | Gilead Sciences Inc                                    | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      2198 | NS      | $243692.26    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parks & Resorts Inc     | United Parks & Resorts Inc                             | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Short            | EC               | CORP              | US        |     -3870 | NS      | $-182470.50   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                          | 3M Co                                                  | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      1911 | NS      | $290930.64    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands Inc       | Turning Point Brands Inc                               | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |      8540 | NS      | $647075.80    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                       | UGI Corp                                               | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     11475 | NS      | $417919.50    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                                          | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Short            | EC               | CORP              | IE        |      -477 | NS      | $-142570.53   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Ermenegildo Zegna NV           | Ermenegildo Zegna NV                                   | CUSIP: N/A<br>LEI: 8156003760472AA7E269       | Short            | EC               | CORP              | IT        |    -13813 | NS      | $-118101.15   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                       | AT&T Inc                                               | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     22853 | NS      | $661365.82    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc/The     | Cheesecake Factory Inc/The                             | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |      5589 | NS      | $350206.74    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories Inc         | Dolby Laboratories Inc                                 | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Short            | EC               | CORP              | US        |     -2273 | NS      | $-168792.98   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc                        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      3796 | NS      | $691365.48    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                              | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |      2844 | NS      | $322538.04    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Satellogic Inc                 | Satellogic Inc                                         | CUSIP: 80401C100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28936 | NS      | $104748.32    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                   | Synopsys Inc                                           | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Short            | EC               | CORP              | US        |      -454 | NS      | $-232756.72   | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                    | Hawkins Inc                                            | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      4831 | NS      | $686485.10    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc         | T Rowe Price Group Inc                                 | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Short            | EC               | CORP              | US        |     -2648 | NS      | $-255532.00   | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                       | SLM Corp                                               | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10853 | NS      | $355869.87    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Seneca Foods Corp              | Seneca Foods Corp                                      | CUSIP: 817070501<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4225 | NS      | $428541.75    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Six Flags Entertainment Corp   | Six Flags Entertainment Corp                           | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Short            | EC               | CORP              | US        |     -5544 | NS      | $-168703.92   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Snap Inc                       | Snap Inc                                               | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Short            | EC               | CORP              | US        |    -54282 | NS      | $-471710.58   | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Sotera Health Co               | Sotera Health Co                                       | CUSIP: 83601L102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -9785 | NS      | $-108809.20   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc              | Sprout Social Inc                                      | CUSIP: 85209W109<br>LEI: 254900QE3QH8EBRDOB65 | Short            | EC               | CORP              | US        |    -13554 | NS      | $-283414.14   | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Strategic Education Inc        | Strategic Education Inc                                | CUSIP: 86272C103<br>LEI: 2549002UYIM8Q5EC8H36 | Short            | EC               | CORP              | US        |     -5865 | NS      | $-499287.45   | -0.88%            |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                     | Stride Inc                                             | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |      3261 | NS      | $473464.59    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Music Entertainment Gr | Tencent Music Entertainment Group                      | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | CN        |      9117 | NS      | $177690.33    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolve Group Inc              | Revolve Group Inc                                      | CUSIP: 76156B107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -7541 | NS      | $-151197.05   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Rigetti Computing Inc          | Rigetti Computing Inc                                  | CUSIP: 76655K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11209 | NS      | $132938.74    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure  | Solaris Energy Infrastructure Inc                      | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |      5564 | NS      | $157405.56    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software  | Take-Two Interactive Software Inc                      | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      1502 | NS      | $364760.70    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care Inc       | Tandem Diabetes Care Inc                               | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Short            | EC               | CORP              | US        |     -6408 | NS      | $-119445.12   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                   | Tapestry Inc                                           | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      2088 | NS      | $183347.28    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Third Coast Bancshares Inc     | Third Coast Bancshares Inc                             | CUSIP: 88422P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6837 | NS      | $223364.79    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                        | RXO Inc                                                | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Short            | EC               | CORP              | US        |    -32498 | NS      | $-510868.56   | -0.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Red Cat Holdings Inc           | Red Cat Holdings Inc                                   | CUSIP: 75644T100<br>LEI: 5493005OGSQW28V2PY05 | Long             | EC               | CORP              | US        |     34916 | NS      | $254188.48    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcat Inc                   | Transcat Inc                                           | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Short            | EC               | CORP              | US        |     -2012 | NS      | $-172951.52   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Scorpio Tankers Inc            | Scorpio Tankers Inc                                    | CUSIP: N/A<br>LEI: 549300NVJUH16NXG8K87       | Short            | EC               | CORP              | MC        |     -4149 | NS      | $-162350.37   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc     | Rhythm Pharmaceuticals Inc                             | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |      2420 | NS      | $152919.80    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Short            | EC               | CORP              | US        |     -1670 | NS      | $-342633.90   | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings I | BJ's Wholesale Club Holdings Inc                       | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      1510 | NS      | $162823.30    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc       | Baxter International Inc                               | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Short            | EC               | CORP              | US        |     -9161 | NS      | $-277395.08   | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp           | Gulfport Energy Corp                                   | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |      1660 | NS      | $333942.20    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc             | Ingles Markets Inc                                     | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Short            | EC               | CORP              | US        |     -5379 | NS      | $-340921.02   | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc         | Mueller Industries Inc                                 | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      6172 | NS      | $490488.84    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products Inc     | Mueller Water Products Inc                             | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |      9538 | NS      | $229293.52    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                 | NRG Energy Inc                                         | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      5465 | NS      | $877569.70    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                      | nCino Inc                                              | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Short            | EC               | CORP              | US        |    -15156 | NS      | $-423913.32   | -0.74%            |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                   | NiSource Inc                                           | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |      6859 | NS      | $276692.06    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc               | Pitney Bowes Inc                                       | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |     75771 | NS      | $826661.61    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                      | Block Inc                                              | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Short            | EC               | CORP              | US        |     -2973 | NS      | $-201955.89   | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals  | United States Lime & Minerals Inc                      | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |      1615 | NS      | $161177.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp        | Zebra Technologies Corp                                | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Short            | EC               | CORP              | US        |      -539 | NS      | $-166206.04   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Arcos Dorados Holdings Inc     | Arcos Dorados Holdings Inc                             | CUSIP: N/A<br>LEI: 54930023P2MIZN13DQ85       | Short            | EC               | CORP              | UY        |    -21742 | NS      | $-171544.38   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd         | Agnico Eagle Mines Ltd                                 | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      6739 | NS      | $801469.27    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                     | Carvana Co                                             | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      2518 | NS      | $848465.28    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| LexinFintech Holdings Ltd      | LexinFintech Holdings Ltd                              | CUSIP: 528877103<br>LEI: 549300F9QU71NQ28CS19 | Long             | EC               | CORP              | CN        |     15894 | NS      | $114595.74    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                        | MPLX LP                                                | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |      4787 | NS      | $246578.37    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc        | Mirion Technologies Inc                                | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |     18069 | NS      | $389025.57    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group Inc     | Mizuho Financial Group Inc                             | CUSIP: 60687Y109<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |     31616 | NS      | $175784.96    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp         | Boston Scientific Corp                                 | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      2706 | NS      | $290651.46    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MicroStrategy Inc              | MicroStrategy Inc                                      | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      1874 | NS      | $757527.02    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute  | Universal Technical Institute Inc                      | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |     14199 | NS      | $481204.11    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| DXP Enterprises Inc/TX         | DXP Enterprises Inc/TX                                 | CUSIP: 233377407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1470 | NS      | $128845.50    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EDENOR                         | Empresa Distribuidora Y Comercializadora Norte         | CUSIP: 29244A102<br>LEI: 254900JU7TV6VS9GRW29 | Long             | EC               | CORP              | AR        |     18496 | NS      | $489959.04    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                   | Entergy Corp                                           | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      8217 | NS      | $682997.04    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Futu Holdings Ltd              | Futu Holdings Ltd                                      | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | HK        |      1204 | NS      | $148802.36    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Grocery Outlet Holding Corp    | Grocery Outlet Holding Corp                            | CUSIP: 39874R101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -36908 | NS      | $-458397.36   | -0.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc         | Group 1 Automotive Inc                                 | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |       954 | NS      | $416621.34    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu | Kratos Defense & Security Solutions Inc                | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      4752 | NS      | $220730.40    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics Inc             | ADMA Biologics Inc                                     | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11381 | NS      | $207248.01    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc               | ACV Auctions Inc                                       | CUSIP: 00091G104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -27729 | NS      | $-449764.38   | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| Edison International           | Edison International                                   | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Short            | EC               | CORP              | US        |     -7252 | NS      | $-374203.20   | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Five Point Holdings LLC        | Five Point Holdings LLC                                | CUSIP: 33833Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77903 | NS      | $428466.50    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd     | Full Truck Alliance Co Ltd                             | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | CN        |     24339 | NS      | $287443.59    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc          | Robinhood Markets Inc                                  | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     12570 | NS      | $1176929.10   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NextNav Inc                    | NextNav Inc                                            | CUSIP: 65345N106<br>LEI: 549300X9CM76JRB02P70 | Long             | EC               | CORP              | US        |     27568 | NS      | $419033.60    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                    | Novanta Inc                                            | CUSIP: 67000B104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2790 | NS      | $-359714.70   | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| OppFi Inc                      | OppFi Inc                                              | CUSIP: 68386H103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32389 | NS      | $453122.11    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                | Otter Tail Corp                                        | CUSIP: 689648103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2125 | NS      | $-163816.25   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Red Violet Inc                 | Red Violet Inc                                         | CUSIP: 75704L104<br>LEI: 549300T4EGADG881UU63 | Long             | EC               | CORP              | US        |      3489 | NS      | $171658.80    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial PLC           | Rentokil Initial PLC                                   | CUSIP: 760125104<br>LEI: 549300VN4WV7Z6T14K68 | Short            | EC               | CORP              | GB        |    -10777 | NS      | $-258648.00   | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc               | SPS Commerce Inc                                       | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Short            | EC               | CORP              | US        |     -2874 | NS      | $-391122.66   | -0.69%            |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                         | SAP SE                                                 | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      1674 | NS      | $509063.40    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| VEON Ltd                       | VEON Ltd                                               | CUSIP: 91822M502<br>LEI: 5493008CA3NMHYEVT131 | Long             | EC               | CORP              | NL        |      7288 | NS      | $335758.16    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                     | Vicor Corp                                             | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Short            | EC               | CORP              | US        |     -3624 | NS      | $-164384.64   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc             | Voya Financial Inc                                     | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Short            | EC               | CORP              | US        |     -6949 | NS      | $-493379.00   | -0.86%            |  |  |  | No            |                  1 | On Loan: No      |
| Pagseguro Digital Ltd          | Pagseguro Digital Ltd                                  | CUSIP: N/A<br>LEI: 391200VY4YW47I4HGH62       | Short            | EC               | CORP              | BR        |    -36467 | NS      | $-351541.88   | -0.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Seadrill Ltd                   | Seadrill Ltd                                           | CUSIP: N/A<br>LEI: 213800EQ6L456U2JCO89       | Short            | EC               | CORP              | BM        |    -12789 | NS      | $-335711.25   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Astrana Health Inc             | Astrana Health Inc                                     | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Short            | EC               | CORP              | US        |     -6839 | NS      | $-170154.32   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc            | Axon Enterprise Inc                                    | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       661 | NS      | $547268.34    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| C3.ai Inc                      | C3.ai Inc                                              | CUSIP: 12468P104<br>LEI: 549300YDLK0YQO5B1V80 | Short            | EC               | CORP              | US        |     -6938 | NS      | $-170466.66   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Embotelladora Andina SA        | Embotelladora Andina SA                                | CUSIP: 29081P303<br>LEI: 254900NNPKP1J9XTSA53 | Long             | EC               | CORP              | CL        |      4037 | NS      | $98260.58     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc          | ESCO Technologies Inc                                  | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |       897 | NS      | $172107.39    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Esquire Financial Holdings Inc | Esquire Financial Holdings Inc                         | CUSIP: 29667J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2189 | NS      | $207210.74    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trus | Federal Realty Investment Trust                        | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Short            | EC               | CORP              | US        |     -1734 | NS      | $-164712.66   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc           | Howmet Aerospace Inc                                   | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      6108 | NS      | $1136882.04   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properti | Innovative Industrial Properties Inc                   | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Short            | EC               | CORP              | US        |     -7576 | NS      | $-418346.72   | -0.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc           | Kyndryl Holdings Inc                                   | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |      4084 | NS      | $171364.64    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Perimeter Solutions Inc        | Perimeter Solutions Inc                                | CUSIP: 71385M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10379 | NS      | $144475.68    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk P | Telkom Indonesia Persero Tbk PT                        | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Short            | EC               | CORP              | ID        |     -8480 | NS      | $-143651.20   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc  | Regeneron Pharmaceuticals Inc                          | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Short            | EC               | CORP              | US        |      -254 | NS      | $-133350.00   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                    | Rogers Corp                                            | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Short            | EC               | CORP              | US        |     -2059 | NS      | $-141000.32   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Root Inc/OH                    | Root Inc/OH                                            | CUSIP: 77664L207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1123 | NS      | $143710.31    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| John B Sanfilippo & Son Inc    | John B Sanfilippo & Son Inc                            | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Short            | EC               | CORP              | US        |     -4916 | NS      | $-310887.84   | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                     | Tennant Co                                             | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Short            | EC               | CORP              | US        |     -1815 | NS      | $-140626.20   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Qifu Technology Inc            | Qifu Technology Inc                                    | CUSIP: 88557W101<br>LEI: 836800R59NKEPDR6I240 | Long             | EC               | CORP              | CN        |      8569 | NS      | $371551.84    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries Inc         | Trinity Industries Inc                                 | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Short            | EC               | CORP              | US        |    -12522 | NS      | $-338219.22   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc               | Vail Resorts Inc                                       | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Short            | EC               | CORP              | US        |     -1457 | NS      | $-228938.41   | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd     | Axalta Coating Systems Ltd                             | CUSIP: N/A<br>LEI: 529900AGLPA40GV6H619       | Short            | EC               | CORP              | US        |     -4983 | NS      | $-147945.27   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Tecnoglass Inc                 | Tecnoglass Inc                                         | CUSIP: N/A<br>LEI: 529900YRWTPOC2E6IO67       | Long             | EC               | CORP              | US        |      5661 | NS      | $437934.96    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Sportradar Group AG            | Sportradar Group AG                                    | CUSIP: N/A<br>LEI: 549300H1P33YOAT7Z533       | Long             | EC               | CORP              | CH        |     21224 | NS      | $595969.92    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Elbit Systems Ltd              | Elbit Systems Ltd                                      | CUSIP: N/A<br>LEI: 529900Q9CB1REUMZSS32       | Long             | EC               | CORP              | IL        |       756 | NS      | $339822.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| TAT Technologies Ltd           | TAT Technologies Ltd                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |      5267 | NS      | $160854.18    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The       | Chefs' Warehouse Inc/The                               | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |      4341 | NS      | $276999.21    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources Inc         | Comstock Resources Inc                                 | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |      6598 | NS      | $182566.66    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                 | EPR Properties                                         | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |      4984 | NS      | $290367.84    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                   | Exponent Inc                                           | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Short            | EC               | CORP              | US        |     -4369 | NS      | $-326407.99   | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc   | FactSet Research Systems Inc                           | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Short            | EC               | CORP              | US        |      -380 | NS      | $-169966.40   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                    | Hexcel Corp                                            | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Short            | EC               | CORP              | US        |     -9372 | NS      | $-529424.28   | -0.93%            |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc         | Hims & Hers Health Inc                                 | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |      6323 | NS      | $315201.55    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Climb Global Solutions Inc     | Climb Global Solutions Inc                             | CUSIP: 946760105<br>LEI: 549300LKM16VX2FG7J68 | Long             | EC               | CORP              | US        |      2415 | NS      | $258187.65    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer