# EDGAR Filing Document

**Accession Number:** 0002013853
**File Stem:** 0000910472-26-002865
**Filing Date:** 2026-2
**Character Count:** 74332
**Document Hash:** efafd0c49ffc4ea35b16d787437976ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002865.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002865

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New Age Alpha Funds Trust
- **CENTRAL INDEX KEY:** 0002013853

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23945
- **FILM NUMBER:** 26683837

**BUSINESS ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 212-922-2699

**MAIL ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### NAA World Equity Income Fund (Series ID: S000087632)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000253498 | Class C             |  |
| C000253499 | Institutional Class |  |
| C000253500 | Class A             |  |

## Nport-Ex

---

| |
|:---|
| **NAA WORLD EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.7%** |  |
|  | **Communications - 3.5%** |  |
| 666 | Fox Corporation, Class A | $48665 |
| 18608 | KDDI Corporation | 321778 |
| 581 | Omnicom Group, Inc. | 46916 |
| 8206 | Orange S.A. | 136895 |
| 2303 | Rogers Communications Inc, Class B | 86931 |
| 195336 | SoftBank Corporation | 267883 |
| 194 | VeriSign, Inc. | 47132 |
| 8419 | Verizon Communications, Inc. | 342905 |
| 3459 | Walt Disney Company (The) | 393530 |
|  |  | 1692635 |
|  | **Consumer Discretionary - 7.1%** |  |
| 1329 | Bunzl plc | 37192 |
| 3460 | Cie Generale des Etablissements Michelin | 115076 |
| 1404 | D'ieteren Group | 253848 |
| 1285 | Evolution A.B. 144A | 87903 |
| 7873 | Ford Motor Company | 103294 |
| 219 | Games Workshop Group PLC | 55855 |
| 1817 | General Motors Company | 147758 |
| 374 | Genuine Parts Company | 45987 |
| 1925 | Home Depot, Inc. (The) | 662392 |
| 481 | Lennar Corporation, Class A | 49447 |
| 858 | LVMH Moet Hennessy Louis Vuitton S.E. | 650153 |
| 1573 | Magna International, Inc. | 83855 |
| 418 | Marriott International Inc, Class A | 129681 |
| 623 | Ross Stores, Inc. | 112227 |
| 447 | Royal Caribbean Cruises Ltd. | 124677 |
| 3862 | Sekisui House Ltd. | 86250 |
| 5363 | Sumitomo Electric Industries Ltd. | 216569 |
| 2229 | TJX Companies, Inc. (The) | 342397 |
| 526 | Yum! Brands, Inc. | 79573 |
|  |  | 3384134 |
|  | **Consumer Staples - 9.8%** |  |
| 11300 | Asahi Group Holdings Ltd. | 118282 |
| 8417 | British American Tobacco plc | 478132 |

---

---

| |
|:---|
| **NAA WORLD EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **Consumer Staples - 9.8% (Continued)** |  |
| 7786 | Coca-Cola Company (The) | $544319 |
| 871 | Coca-Cola Europacific Partners plc | 79000 |
| 341 | Constellation Brands, Inc., Class A | 47044 |
| 3138 | Imperial Brands plc | 131936 |
| 4107 | Koninklijke Ahold Delhaize N.V. | 168246 |
| 7762 | Nestle S.A. | 771516 |
| 2678 | PepsiCo, Inc. | 384347 |
| 4534 | Procter & Gamble Company (The) | 649768 |
| 2140 | Royal Unibrew A/S | 193448 |
| 27556 | Tesco PLC | 164111 |
| 8868 | Walmart, Inc. | 987984 |
|  |  | 4718133 |
|  | **Energy - 5.0%** |  |
| 3851 | Chevron Corporation | 586931 |
| 8674 | Exxon Mobil Corporation | 1043829 |
| 5724 | TC Energy Corporation | 315190 |
| 7199 | TotalEnergies S.E. | 470151 |
|  |  | 2416101 |
|  | **Financials - 29.6%** |  |
| 2626 | AL Sydbank | 235522 |
| 1524 | Allianz SE | 699155 |
| 510 | Allstate Corporation (The) | 106157 |
| 421 | Ares Management Corporation, Class A | 68046 |
| 5504 | AXA S.A. | 264854 |
| 31947 | Banco Bilbao Vizcaya Argentaria S.A. | 752511 |
| 6459 | Bank of Ireland Group PLC | 124255 |
| 1413 | Bank of New York Mellon Corporation (The) | 164035 |
| 6558 | Bank of Nova Scotia (The) | 483667 |
| 3848 | Beazley plc | 43157 |
| 3139 | BNP Paribas S.A. | 297932 |
| 722 | Chubb Ltd. | 225351 |
| 3507 | Citigroup, Inc. | 409232 |
| 798 | Deutsche Boerse A.G. | 209719 |
| 8983 | DNB Bank ASA | 250874 |

---

---

| |
|:---|
| **NAA WORLD EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **Financials - 29.6% (Continued)** |  |
| 145 | Everest Group Ltd. | $49206 |
| 602 | Goldman Sachs Group, Inc. (The) | 529158 |
| 314 | Hannover Rueck S.E. | 98199 |
| 66537 | HSBC Holdings PLC | 1052816 |
| 12430 | ING Groep N.V. | 350616 |
| 1125 | Intercontinental Exchange, Inc. | 182205 |
| 57816 | Intesa Sanpaolo SpA | 402172 |
| 5259 | JPMorgan Chase & Company | 1694554 |
| 1111 | Julius Baer Group Ltd. | 87513 |
| 22435 | Legal & General Group plc | 79206 |
| 80030 | Mitsubishi UFJ Financial Group, Inc. | 1273804 |
| 16234 | Mizuho Financial Group, Inc. | 590783 |
| 2509 | Morgan Stanley | 445423 |
| 2056 | National Bank of Canada | 258556 |
| 16988 | Nordea Bank Abp | 320970 |
| 1191 | Progressive Corporation (The) | 271214 |
| 4600 | Sumitomo Mitsui Trust Group, Inc. | 140295 |
| 13249 | Svenska Handelsbanken A.B., A Shares | 193339 |
| 7427 | Swedbank A.B., Class A | 259031 |
| 83 | Swiss Life Holding A.G. | 96057 |
| 11921 | Tokio Marine Holdings, Inc. | 442730 |
| 427 | Travelers Companies, Inc. (The) | 123856 |
| 7775 | UBS Group A.G. | 362752 |
| 5416 | UniCredit SpA | 451249 |
| 691 | W R Berkley Corporation | 48453 |
|  |  | 14138624 |
|  | **Health Care - 9.4%** |  |
| 1067 | Amgen, Inc. | 349240 |
| 559 | Becton Dickinson and Company | 108485 |
| 528 | Cigna Group (The) | 145321 |
| 2590 | CVS Health Corporation | 205543 |
| 2471 | Gilead Sciences, Inc. | 303291 |
| 236 | Humana, Inc. | 60447 |
| 4645 | Johnson & Johnson | 961282 |

---

---

| |
|:---|
| **NAA WORLD EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **Health Care - 9.4% (Continued)** |  |
| 2601 | Medtronic PLC | $249852 |
| 4865 | Merck & Company, Inc. | 512090 |
| 5534 | Novartis A.G. | 765641 |
| 804 | Orion OYJ, Class B | 60121 |
| 3784 | Sanofi S.A. | 367731 |
| 1646 | Siemens Healthineers A.G. 144A | 86864 |
| 679 | Stryker Corporation | 238648 |
| 842 | Zoetis, Inc. | 105940 |
|  |  | 4520496 |
|  | **Industrials - 9.4%** |  |
| 4662 | ABB Ltd. | 348511 |
| 1593 | Ashtead Group PLC | 109216 |
| 12004 | BAE Systems plc | 277353 |
| 4892 | Canadian Pacific Kansas City | 360154 |
| 667 | Cintas Corporation | 125443 |
| 1284 | Delta Air Lines, Inc. | 89110 |
| 318 | Expeditors International of Washington, Inc. | 47385 |
| 506 | General Dynamics Corporation | 170350 |
| 1400 | Hoshizaki Corporation | 46595 |
| 784 | Rollins, Inc. | 47056 |
| 2610 | RTX Corporation | 478673 |
| 2893 | Siemens A.G. | 812807 |
| 1151 | Southwest Airlines Company | 47571 |
| 531 | Spirax Group plc | 48817 |
| 468 | Trane Technologies PLC | 182146 |
| 122 | TransDigm Group, Inc.<sup>(a)</sup> | 162242 |
| 1172 | Union Pacific Corporation | 271107 |
| 12979 | Volvo A.B., B SHARES | 417142 |
| 1443 | Waste Connections, Inc. | 253071 |
| 717 | Waste Management, Inc. | 157532 |
| 484 | Xylem Inc | 65912 |
|  |  | 4518193 |
|  | **Materials - 2.8%** |  |
| 2825 | Agnico Eagle Mines Ltd. | 479063 |

---

---

| |
|:---|
| **NAA WORLD EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **Materials - 2.8% (Continued)** |  |
| 1172 | DuPont de Nemours, Inc. | $47114 |
| 487 | Ecolab, Inc. | 127848 |
| 2699 | Freeport-McMoRan, Inc. | 137082 |
| 1494 | Holcim A.G. | 146650 |
| 2115 | Newmont Corporation | 211183 |
| 36945 | Nippon Steel Corporation | 151385 |
| 1239 | Smurfit WestRock plc | 47912 |
|  |  | 1348237 |
|  | **Real Estate - 1.8%** |  |
| 4132 | Aena S.M.E. SA 144A | 115630 |
| 288 | AvalonBay Communities, Inc. | 52217 |
| 198 | Equinix, Inc. | 151700 |
| 182 | Essex Property Trust, Inc. | 47626 |
| 1749 | Invitation Homes, Inc. | 48605 |
| 55 | JAPAN REAL ESTATE INVESTMENT CORPORATION | 45965 |
| 4396 | Merlin Properties Socimi, S.A. | 64194 |
| 1833 | Realty Income Corporation | 103326 |
| 5604 | Segro plc | 54421 |
| 643 | Simon Property Group, Inc. | 119026 |
| 2199 | VICI Properties, Inc. | 61836 |
|  |  | 864546 |
|  | **Technology - 17.3%** |  |
| 1269 | Accenture PLC, Class A | 340473 |
| 11838 | Broadcom, Inc. | 4097133 |
| 230 | Broadridge Financial Solutions, Inc. | 51329 |
| 338 | CDW Corp | 46036 |
| 8267 | Cisco Systems, Inc. | 636807 |
| 969 | Cognizant Technology Solutions Corporation, Class A<sup>(a)</sup> | 80427 |
| 1650 | Corning, Inc. | 144474 |
| 170 | FactSet Research Systems, Inc. | 49332 |
| 329 | Garmin Ltd. | 66738 |
| 1983 | International Business Machines Corporation | 587383 |
| 2597 | Lam Research Corporation | 444554 |
| 333 | Motorola Solutions, Inc. | 127646 |

---

---

| |
|:---|
| **NAA WORLD EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **Technology - 17.3% (Continued)** |  |
| 142 | MSCI, Inc. | $81470 |
| 436 | NetApp, Inc. | 46691 |
| 1976 | Open Text Corporation | 64352 |
| 431 | Seagate Technology Holdings PLC | 118693 |
| 46101 | Sony Group Corporation | 1184393 |
| 763 | Thomson Reuters Corporation | 100689 |
|  |  | 8268620 |
|  | **Utilities - 2.0%** |  |
| 392 | American Water Works Company, Inc. | 51156 |
| 443 | DTE Energy Company | 57138 |
| 1543 | Duke Energy Corporation | 180855 |
| 2052 | Exelon Corporation | 89447 |
| 1068 | FirstEnergy Corporation | 47814 |
| 1159 | NiSource, Inc. | 48400 |
| 432 | NRG Energy, Inc. | 68792 |
| 1006 | Public Service Enterprise Group, Inc. | 80782 |
| 1161 | Severn Trent plc | 43649 |
| 2188 | Southern Company (The) | 190794 |
| 7795 | Terna - Rete Elettrica Nazionale | 82913 |
|  |  | 941740 |
|  | **TOTAL COMMON STOCKS (Cost $40,928,787)** | 46811459 |
|  | **EXCHANGE-TRADED FUNDS — 1.9%** |  |
|  | **Equity - 1.9%** |  |
| 3020 | iShares MSCI EAFE ETF | 290011 |
| 393 | SPDR S&P 500 ETF | 267995 |
| 536 | Vanguard S&P 500 ETF | 336141 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $865,875)** | 894147 |

---

---

| |
|:---|
| **NAA WORLD EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | |
|:---|:---|
|  | **Fair Value** |
| **TOTAL INVESTMENTS - 99.6% (Cost $41,794,662)** | $47705606 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.4%** | 203183 |
| **NET ASSETS - 100.0%** | $47908789 |

---

<sup>(a)</sup> Non-income producing security.

---

| | |
|:---|:---|
| A/S | - Anonim Sirketi |
| ETF | - Exchange-Traded Fund |
| Ltd. | - Limited Company |
| MSCI | - Morgan Stanley Capital International |
| N.V. | - Naamioze Vennootschap |
| PLC | - Public Limited Company |
| S.A. | - Société Anonyme |
| S.E. | - Société Européene |
| SPDR | - Standard & Poor's Depositary Receipt |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** New Age Alpha Funds Trust

- **b. Investment Company Act file number:** 811-23945

- **c. CIK number of Registrant:** 0002013853

- **d. LEI of Registrant:** 529900860B9CQ8SDNS27

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

  - **Street Address 1:** 555 Theodore Fremd Avenue

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580

  - **Telephone number:** 212-922-2699

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

- **a. Name of Series:** NAA WORLD EQUITY INCOME

- **b. EDGAR series identifier (if any):** S000087632

- **c. LEI of Series:** 529900OWTB2X9T38CT50

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $48127865.21

**Total Liabilities:** $219076.71

**Net Assets:** $47908788.50

**Cash Not Reported:** $12703.58

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253498 | 0.68%                | 3.16%                | 0.99%                |
| Class ID C000253499 | 0.71%                | 3.26%                | 1.08%                |
| Class ID C000253500 | 0.71%                | 3.24%                | 1.06%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $173260.40               | $153214.41                                 |
| Month 2  | $5487.09                 | $1473364.69                                |
| Month 3  | $1908717.60              | $-1454096.25                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ashtead Group PLC                              | Ashtead Group plc                                  | CUSIP: G05320109<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |      1593 | NS      | $109216.37    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation                       | Allstate Corporation (The)                         | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |       510 | NS      | $106156.50    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                                | BAE Systems plc                                    | CUSIP: G06940103<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     12004 | NS      | $277352.71    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                   | British American Tobacco plc                       | CUSIP: G1510J102<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      8417 | NS      | $478131.62    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Company, Inc.             | American Water Works Company, Inc.                 | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |       392 | NS      | $51156.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                     | Amgen, Inc.                                        | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1067 | NS      | $349239.77    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Games Workshop Group PLC                       | Games Workshop Group plc                           | CUSIP: G3715N102<br>LEI: 213800RP9QJQYGWHNT41 | Long             | EC               | CORP              | GB        |       219 | NS      | $55854.85     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation                    | Ares Management Corporation Class A                | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |       421 | NS      | $68046.23     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC                            | Imperial Brands plc                                | CUSIP: G4720C107<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |      3138 | NS      | $131936.18    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                    | AvalonBay Communities, Inc. REIT                   | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |       288 | NS      | $52217.28     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                              | HSBC HOLDINGS PLC                                  | CUSIP: G4634U169<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |     66537 | NS      | $1052817.10   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Legal & General Group PLC                      | Legal & General Group plc                          | CUSIP: G54404127<br>LEI: 213800JH9QQWHLO99821 | Long             | EC               | CORP              | GB        |     22435 | NS      | $79205.84     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.              | Bank of New York Mellon Corporation (The)          | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      1413 | NS      | $164035.17    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company                  | Becton Dickinson & Company                         | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |       559 | NS      | $108485.13    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| W.R. Berkley Corporation                       | W R Berkley Corporation                            | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |       691 | NS      | $48452.92     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.            | Broadridge Financial Solutions, Inc.               | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |       230 | NS      | $51329.10     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                   | Broadcom, Inc.                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     11838 | NS      | $4097131.80   | 8.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                       | CDW Corp                                           | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |       338 | NS      | $46035.60     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                                | Cigna Group (The)                                  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |       528 | NS      | $145321.44    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                | CVS Health Corporation                             | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      2590 | NS      | $205542.40    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                  | Chevron Corporation                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3851 | NS      | $586930.91    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                            | Cisco Systems, Inc.                                | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      8267 | NS      | $636807.01    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                             | Cintas Corporation                                 | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       667 | NS      | $125442.69    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                                 | Citigroup, Inc.                                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      3507 | NS      | $409231.83    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                             | Coca-Cola Company (The)                            | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      7786 | NS      | $544319.26    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.           | Cognizant Technology Solutions Corporation Class A | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |       969 | NS      | $80427.00     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                         | Agnico Eagle Mines Ltd.                            | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      2825 | NS      | $479062.63    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Nova Scotia                            | Bank of Nova Scotia (The)                          | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |      6558 | NS      | $483666.65    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Canada                        | National Bank of Canada                            | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |      2056 | NS      | $258555.96    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                     | Constellation Brands, Inc. Class A                 | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |       341 | NS      | $47044.36     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications Inc.                     | Rogers Communications, Inc.                        | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |      2303 | NS      | $86930.67     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                           | Corning, Inc.                                      | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      1650 | NS      | $144474.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Text Corp                                 | Open Text Corporation                              | CUSIP: 683715106<br>LEI: 549300HP7ONDQODZJV16 | Long             | EC               | CORP              | CA        |      1976 | NS      | $64351.69     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                 | DTE Energy Company                                 | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |       443 | NS      | $57138.14     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc.                           | Delta Air Lines, Inc.                              | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      1284 | NS      | $89109.60     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                            | Walt Disney Company (The)                          | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      3459 | NS      | $393530.43    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc                        | Magna International, Inc.                          | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |      1573 | NS      | $83854.67     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                               | Duke Energy Corporation                            | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      1543 | NS      | $180855.03    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Dupont De Nemours Inc                          | DuPont de Nemours, Inc.                            | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |      1172 | NS      | $47114.40     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                    | Ecolab, Inc.                                       | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       487 | NS      | $127847.24    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                  | Equinix, Inc. REIT                                 | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       198 | NS      | $151699.68    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                     | Essex Property Trust, Inc. REIT                    | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |       182 | NS      | $47625.76     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                   | Exelon Corporation                                 | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      2052 | NS      | $89446.68     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International Of Washington Inc.    | Expeditors International of Washington, Inc.       | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |       318 | NS      | $47385.18     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                              | Exxon Mobil Corporation                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      8674 | NS      | $1043829.16   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc.                  | FactSet Research Systems, Inc.                     | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |       170 | NS      | $49332.30     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                              | FirstEnergy Corporation                            | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |      1068 | NS      | $47814.36     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Company                             | Ford Motor Company                                 | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |      7873 | NS      | $103293.76    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                                | Fox Corporation Non-Voting                         | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |       666 | NS      | $48664.62     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                          | Freeport-McMoRan, Inc.                             | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      2699 | NS      | $137082.21    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation                   | General Dynamics Corporation                       | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       506 | NS      | $170349.96    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                         | General Motors Company                             | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      1817 | NS      | $147758.44    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                               | Genuine Parts Company                              | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |       374 | NS      | $45987.04     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                           | Gilead Sciences, Inc.                              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      2471 | NS      | $303290.54    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                      | Goldman Sachs Group, Inc. (The)                    | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       602 | NS      | $529158.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE            | LVMH Moet Hennessy Louis Vuitton S.E.              | CUSIP: F58485115<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |       858 | NS      | $650152.73    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                         | Intesa Sanpaolo SpA                                | CUSIP: T55067101<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |     57816 | NS      | $402171.69    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| D'Ieteren Group                                | D'ieteren Group                                    | CUSIP: B49343187<br>LEI: 549300DV5KJ23OKVTW34 | Long             | EC               | CORP              | BE        |      1404 | NS      | $253848.21    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                                | Home Depot, Inc. (The)                             | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      1925 | NS      | $662392.50    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                                    | Humana, Inc.                                       | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       236 | NS      | $60446.68     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannover Rueck SE                              | Hannover Rueck S.E.                                | CUSIP: D3015J135<br>LEI: 529900KIN5BE45V5KB18 | Long             | EC               | CORP              | DE        |       314 | NS      | $98198.78     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                  | Intercontinental Exchange, Inc.                    | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      1125 | NS      | $182205.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.          | International Business Machines Corporation        | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1983 | NS      | $587384.43    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc.                          | Invitation Homes, Inc.                             | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |      1749 | NS      | $48604.71     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                  | iShares MSCI EAFE ETF                              | CUSIP: 464287465<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      3020 | NS      | $290010.60    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                           | JPMorgan Chase & Company                           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      5259 | NS      | $1694554.98   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                              | Johnson & Johnson                                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      4645 | NS      | $961282.75    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedbank AB (publ)                             | Swedbank A.B.                                      | CUSIP: W94232100<br>LEI: M312WZV08Y7LYUC71685 | Long             | EC               | CORP              | SE        |      7427 | NS      | $259030.93    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                       | Lam Research Corporation                           | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      2597 | NS      | $444554.46    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                                      | Orange S.A.                                        | CUSIP: F6866T100<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |      8206 | NS      | $136895.21    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                     | Allianz S.E.                                       | CUSIP: D03080112<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      1524 | NS      | $699156.48    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp.                                   | Lennar Corporation Class A                         | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |       481 | NS      | $49446.80     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA             | Banco Bilbao Vizcaya Argentaria S.A.               | CUSIP: E11805103<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |     31947 | NS      | $752510.98    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc.                                      | MSCI, Inc.                                         | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       142 | NS      | $81469.66     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                      | Sanofi S.A.                                        | CUSIP: F5548N101<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |      3784 | NS      | $367730.83    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                   | Marriott International Inc Class A                 | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       418 | NS      | $129680.32    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                     | Siemens A.G.                                       | CUSIP: D69671218<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      2893 | NS      | $812806.57    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                               | Merck & Company, Inc.                              | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      4865 | NS      | $512089.90    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Asahi Group Holdings Ltd                       | Asahi Group Holdings Ltd.                          | CUSIP: J02100113<br>LEI: 353800KAJ02XNHLCJW79 | Long             | EC               | CORP              | JP        |     11300 | NS      | $118281.74    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                     | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      2509 | NS      | $445422.77    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                         | Motorola Solutions, Inc.                           | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       333 | NS      | $127645.56    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corp                                      | KDDI Corporation                                   | CUSIP: J31843105<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |     18608 | NS      | $321778.01    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                                   | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |       432 | NS      | $68791.68     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.            | Mitsubishi UFJ Financial Group, Inc.               | CUSIP: J44497105<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |     80030 | NS      | $1273804.91   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Real Estate Investment Corp.             | Japan Real Estate Investment Corporation           | CUSIP: J27523109<br>LEI: 3538003YAIR3CBGJJ928 | Long             | EC               | CORP              | JP        |        55 | NS      | $45965.31     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                                    | NetApp, Inc.                                       | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |       436 | NS      | $46691.24     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Trust Group Inc.               | Sumitomo Mitsui Trust Group, Inc.                  | CUSIP: J7772M102<br>LEI: 353800P843RLCDBLNT17 | Long             | EC               | CORP              | JP        |      4600 | NS      | $140294.58    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc.                     | Tokio Marine Holdings, Inc.                        | CUSIP: J86298106<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |     11921 | NS      | $442730.64    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                            | Newmont Corporation                                | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      2115 | NS      | $211182.75    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                                  | NiSource, Inc.                                     | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |      1159 | NS      | $48399.84     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group Inc.                    | Mizuho Financial Group, Inc.                       | CUSIP: J4599L102<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |     16234 | NS      | $590783.32    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Steel Corp.                             | Nippon Steel Corporation                           | CUSIP: J55678106<br>LEI: 35380065QWQ4U2V3PA33 | Long             | EC               | CORP              | JP        |     36945 | NS      | $151385.13    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui House Ltd                              | Sekisui House Ltd.                                 | CUSIP: J70746136<br>LEI: 529900GMNDOYQSAJAE76 | Long             | EC               | CORP              | JP        |      3862 | NS      | $86250.16     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                              | Omnicom Group, Inc.                                | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |       581 | NS      | $46915.75     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                               | Sony Group Corporation                             | CUSIP: J76379106<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     46101 | NS      | $1184393.85   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Electric Industries Ltd.              | Sumitomo Electric Industries Ltd.                  | CUSIP: J77411114<br>LEI: 5493005SP87FL5TOS202 | Long             | EC               | CORP              | JP        |      5363 | NS      | $216568.93    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                             | Deutsche Boerse A.G.                               | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |       798 | NS      | $209718.75    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Axa SA                                         | AXA S.A.                                           | CUSIP: F06106102<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |      5504 | NS      | $264854.14    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                    | Novartis A.G.                                      | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      5534 | NS      | $765642.15    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd.                                       | ABB Ltd.                                           | CUSIP: H0010V101<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |      4662 | NS      | $348511.25    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                                      | Holcim A.G.                                        | CUSIP: H3816Q102<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |      1494 | NS      | $146650.31    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                      | Nestle S.A.                                        | CUSIP: H57312649<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      7762 | NS      | $771516.42    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                    | PepsiCo, Inc.                                      | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      2678 | NS      | $384346.56    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                 | BNP Paribas S.A.                                   | CUSIP: F1058Q238<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |      3139 | NS      | $297932.11    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                       | Procter & Gamble Company (The)                     | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      4534 | NS      | $649767.54    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation                    | Progressive Corporation (The)                      | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      1191 | NS      | $271214.52    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Life Holding AG                          | Swiss Life Holding A.G.                            | CUSIP: H8404J162<br>LEI: 5493000KUC3Z24U77V93 | Long             | EC               | CORP              | CH        |        83 | NS      | $96056.96     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Incorporated   | Public Service Enterprise Group, Inc.              | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      1006 | NS      | $80781.80     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                      | RTX Corporation                                    | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      2610 | NS      | $478674.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation                      | Realty Income Corporation REIT                     | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |      1833 | NS      | $103326.21    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                    | Rollins, Inc.                                      | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |       784 | NS      | $47055.68     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                | Ross Stores, Inc.                                  | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |       623 | NS      | $112227.22    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Spdr S and P 500 Etf Trust        | SPDR S&P 500 ETF Trust                             | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |       393 | NS      | $267994.56    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                       | Simon Property Group, Inc. REIT                    | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |       643 | NS      | $119025.73    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                                   | Southern Company (The)                             | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      2188 | NS      | $190793.60    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                         | Southwest Airlines Company                         | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |      1151 | NS      | $47570.83     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                            | Stryker Corporation                                | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       679 | NS      | $238648.13    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                         | TJX Companies, Inc. (The)                          | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      2229 | NS      | $342396.69    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Transdigm Group Inc.                           | TransDigm Group, Inc.                              | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       122 | NS      | $162241.70    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Companies, Inc.                      | Travelers Companies, Inc. (The)                    | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |       427 | NS      | $123855.62    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                      | Union Pacific Corporation                          | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      1172 | NS      | $271107.04    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                           | Vanguard S&P 500 ETF                               | CUSIP: 922908363<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |       536 | NS      | $336141.68    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                                 | VeriSign, Inc.                                     | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |       194 | NS      | $47132.30     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                    | Verizon Communications, Inc.                       | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      8419 | NS      | $342905.87    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Vici Properties Inc                            | VICI Properties, Inc.                              | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |      2199 | NS      | $61835.88     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                    | Walmart, Inc.                                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      8868 | NS      | $987983.88    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                         | Waste Management, Inc.                             | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |       717 | NS      | $157532.07    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                                    | Xylem Inc                                          | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |       484 | NS      | $65911.12     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc.                               | Yum! Brands, Inc.                                  | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |       526 | NS      | $79573.28     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                    | Zoetis, Inc.                                       | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |       842 | NS      | $105940.44    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TERNA - Rete Elettrica Nazionale S.p.A.        | Terna - Rete Elettrica Nazionale                   | CUSIP: T9471R100<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |      7795 | NS      | $82913.45     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Al Sydbank AS                                  | AL Sydbank                                         | CUSIP: K9419V113<br>LEI: GP5DT10VX1QRQUKVBK64 | Long             | EC               | CORP              | DK        |      2626 | NS      | $235521.62    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunzl PLC                                      | Bunzl plc                                          | CUSIP: G16968110<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |      1329 | NS      | $37191.86     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                               | TotalEnergies S.E.                                 | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      7199 | NS      | $470150.86    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Oyj                                      | Orion OYJ Class B                                  | CUSIP: X6002Y112<br>LEI: 74370029VAHCXDR7B745 | Long             | EC               | CORP              | FI        |       804 | NS      | $60120.54     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent PLC                               | Severn Trent plc                                   | CUSIP: G8056D159<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |      1161 | NS      | $43649.21     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Volvo AB                                       | Volvo A.B. B Shares                                | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     12979 | NS      | $417142.17    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoshizaki Corp.                                | Hoshizaki Corporation                              | CUSIP: J23254105<br>LEI: 5299001QAMLGU3SRBG20 | Long             | EC               | CORP              | JP        |      1400 | NS      | $46595.46     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Group AG                           | Julius Baer Group Ltd.                             | CUSIP: H4414N103<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |      1111 | NS      | $87513.44     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SEGRO PLC                                      | Segro plc                                          | CUSIP: G80277141<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |      5604 | NS      | $54421.12     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | BBH Overnight Sweep                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |     87736 | PA      | $87735.72     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                  | Koninklijke Ahold Delhaize N.V.                    | CUSIP: N0074E105<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |      4107 | NS      | $168246.11    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group PLC                      | Bank of Ireland Group plc                          | CUSIP: G0756R109<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |      6459 | NS      | $124255.32    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Healthineers AG                        | Siemens Healthineers A.G.                          | CUSIP: D6T479107<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |      1646 | NS      | $86863.63     | 0.18%             |  |  |  | Yes           |                  1 | On Loan: No      |
| SoftBank Corp                                  | SoftBank Corporation                               | CUSIP: J75963132<br>LEI: 353800M1YCTS9JRBJ535 | Long             | EC               | CORP              | JP        |    195336 | NS      | $267882.53    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomson Reuters Corp                           | Thomson Reuters Corporation                        | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |       763 | NS      | $100688.63    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                 | TC Energy Corporation                              | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |      5724 | NS      | $315189.70    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB                                   | Evolution A.B.                                     | CUSIP: W3287P115<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |      1285 | NS      | $87903.00     | 0.18%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Tesco PLC                                      | Tesco plc                                          | CUSIP: G8T67X102<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |     27556 | NS      | $164110.93    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd.              | Canadian Pacific Kansas City                       | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      4892 | NS      | $360154.02    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| DnB Bank ASA                                   | DNB Bank ASA                                       | CUSIP: R1R15X100<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |      8983 | NS      | $250873.74    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Merlin Properties Socimi SA                    | Merlin Properties Socimi, S.A.                     | CUSIP: E7390Z100<br>LEI: 959800L8KD863DP30X04 | Long             | EC               | CORP              | ES        |      4396 | NS      | $64194.41     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Generale des Etablissements Michelin | Cie Generale des Etablissements Michelin           | CUSIP: F61824870<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |      3460 | NS      | $115075.89    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                   | UBS Group A.G.                                     | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |      7775 | NS      | $362750.89    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena SME S.A.                                  | Aena S.M.E. SA                                     | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |      4132 | NS      | $115629.98    | 0.24%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Spirax Group PLC                               | Spirax Group plc                                   | CUSIP: G83561129<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |       531 | NS      | $48817.38     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Unibrew A/S                              | Royal Unibrew A/S                                  | CUSIP: K8390X122<br>LEI: 529900D69KFL8IAP8Q63 | Long             | EC               | CORP              | DK        |      2140 | NS      | $193448.34    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Handelsbanken AB                       | Svenska Handelsbanken A.B.                         | CUSIP: W9112U104<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |     13249 | NS      | $193338.64    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit S.p.A.                               | UniCredit SpA                                      | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |      5416 | NS      | $451248.50    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazley PLC (UK)                               | Beazley plc                                        | CUSIP: G0936K107<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |      3848 | NS      | $43157.27     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc.                         | Waste Connections, Inc.                            | CUSIP: 94106B101<br>LEI: 549300ZX1Z8QGWASPX54 | Long             | EC               | CORP              | CA        |      1443 | NS      | $253071.95    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordea Bank ABP                                | Nordea Bank Abp                                    | CUSIP: X5S8VL105<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |     16988 | NS      | $320970.10    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep N.V.                                 | ING GROEP                                          | CUSIP: N4578E595<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     12430 | NS      | $350615.95    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                  | Accenture plc Class A                              | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      1269 | NS      | $340472.70    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC             | Coca-Cola Europacific Partners plc                 | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |       871 | NS      | $78999.70     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                              | Everest Group Ltd.                                 | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |       145 | NS      | $49205.75     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                  | Medtronic plc                                      | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      2601 | NS      | $249852.06    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                | Seagate Technology Holdings plc (Ireland)          | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | US        |       431 | NS      | $118693.09    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock plc                           | Smurfit WestRock plc                               | CUSIP: G8267P108<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |      1239 | NS      | $47912.13     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                         | Trane Technologies plc                             | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |       468 | NS      | $182145.60    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                                     | Chubb Ltd.                                         | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       722 | NS      | $225350.64    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                     | Garmin Ltd.                                        | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |       329 | NS      | $66737.65     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Group                          | Royal Caribbean Cruises Ltd.                       | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |       447 | NS      | $124677.24    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** New Age Alpha Funds Trust

**Signature:** Keith D. Kemp

**Name of Signer:** Keith D. Kemp

**Title:** President