# EDGAR Filing Document

**Accession Number:** 0001495922
**File Stem:** 0001752724-23-041478
**Filing Date:** 2023-2
**Character Count:** 62849
**Document Hash:** e4bb6c546189182f7a5d940fda7fa49b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041478.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041478

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EntrepreneurShares Series Trust
- **CENTRAL INDEX KEY:** 0001495922
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22436
- **FILM NUMBER:** 23671455

**BUSINESS ADDRESS:**
- **STREET 1:** C/O WESTON CAPITAL ADVISORS, LLC
- **STREET 2:** 470 ATLANTIC AVENUE, SUITE 400
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 781-239-4446

**MAIL ADDRESS:**
- **STREET 1:** C/O WESTON CAPITAL ADVISORS, LLC
- **STREET 2:** 470 ATLANTIC AVENUE, SUITE 400
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### ERShares Global Entrepreneurs™ (Series ID: S000030086)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000092399 | Institutional Class | ENTIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EntrepreneurShares Series Trust

- **b. Investment Company Act file number:** 811-22436

- **c. CIK number of Registrant:** 0001495922

- **d. LEI of Registrant:** 549300UON6JV1E7QG046

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

  - **Street Address 1:** 175 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 2110

  - **Telephone number:** (800) 287-9469

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

- **a. Name of Series:** ERSHARES GLOBAL FUND

- **b. EDGAR series identifier (if any):** S000030086

- **c. LEI of Series:** 549300DI3Z6CRMK2NK51

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $43069350.91

**Total Liabilities:** $63149.18

**Net Assets:** $43006201.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092399 | 3.78%                | 5.87%                | -5.74%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-628855.61              | $2190611.78                                |
| Month 2  | $-409630.15              | $2927565.58                                |
| Month 3  | $-1868960.06             | $-727905.05                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Wix.com Limited                           | Wix.com Ltd.                             | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |      2301 | NS      | $176785.83    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaredge Technologies Inc                | SolarEdge Technologies, Inc.             | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | IL        |      1066 | NS      | $301965.82    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corporation                 | Valero Energy Corporation                | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      2291 | NS      | $290636.26    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleperformance SE                        | Teleperformance                          | CUSIP: F9120F106<br>LEI: 9695004GI61FHFFNRG61 | Long             | EC               | CORP              | FR        |      1124 | NS      | $268031.70    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Bio-Technolo                        | Essex Bio-technology Ltd.                | CUSIP: G31237103<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     62000 | NS      | $33360.79     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Med Inc                            | Globus Medical, Inc.                     | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      7647 | NS      | $567942.69    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Financiere Richemont Sa         | Cie Financiere Richemont S.A.            | CUSIP: H25662182<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |      1112 | NS      | $144203.16    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Bill Com Holdings Inc                     | Bill.com Holdings, Inc.                  | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |      1157 | NS      | $126066.72    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Icahn Enterprises LP                      | Icahn Enterprises, L.P.                  | CUSIP: 451100101<br>LEI: 549300T0G4GS0SINS786 | Long             | EC               | CORP              | US        |      1698 | NS      | $85990.99     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                     | Monster Beverage Corporation             | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      2708 | NS      | $274943.24    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc.                  | Extra Space Storage, Inc.                | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |      1108 | NS      | $163075.44    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Luk Fook Holdings (International) Limited | Luk Fook Holdings International Ltd.     | CUSIP: G5695X125<br>LEI: 529900U7PECBLERIIX44 | Long             | EC               | CORP              | HK        |     35753 | NS      | $106266.37    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Mainstreet Equity Corporation             | Mainstreet Equity Corporation            | CUSIP: 560915100<br>LEI: 984500FB1BA3F6U3DB35 | Long             | EC               | CORP              | CA        |      1548 | NS      | $134911.92    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                      | Steel Dynamics, Inc.                     | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      1469 | NS      | $143521.30    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Telix Pharmaceutical                      | Telix Pharmaceuticals Ltd.               | CUSIP: Q8973A105<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     54451 | NS      | $269493.34    | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| HomeServe PLC                             | HomeServe plc                            | CUSIP: G4639X119<br>LEI: 213800EKBJTGNMXEDF11 | Long             | EC               | CORP              | GB        |     16549 | NS      | $239466.56    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                             | Snowflake, Inc.                          | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      1189 | NS      | $170669.06    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                  | Adyen N.V.                               | CUSIP: 00783V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      7851 | NS      | $108343.80    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corporation                        | Oracle Corporation                       | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      4268 | NS      | $348866.32    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corporation                       | Chevron Corporation                      | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2523 | NS      | $452853.27    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Energy Corporation             | Chesapeake Energy Corporation            | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      1259 | NS      | $118811.83    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.             | Monolithic Power Systems, Inc.           | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       701 | NS      | $247880.61    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Topicus Com Inc                           | Topicus.com, Inc.                        | CUSIP: 89072T102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      4025 | NS      | $211335.17    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Netcompany Group AS                       | Netcompany Group A/S                     | CUSIP: K7020C102<br>LEI: 5299006DEGAWX1Z1X779 | Long             | EC               | CORP              | DK        |      3127 | NS      | $132448.88    | 0.31%             |  |  |  | Yes           |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.           | SS&C Technologies Holdings, Inc.         | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      3110 | NS      | $161906.60    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                       | Danaher Corporation                      | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      2499 | NS      | $663284.58    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                              | DocuSign, Inc.                           | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      4751 | NS      | $263300.42    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                               | Shopify, Inc.                            | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      6224 | NS      | $216035.04    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO FUNDS                             | Invesco Government & Agency Portfolio    | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    240900 | PA      | $240900.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Embracer Group AB                         | Embracer Group A.B.                      | CUSIP: W2504N150<br>LEI: 549300RFXXKT652HB549 | Long             | EC               | CORP              | SE        |     29457 | NS      | $133513.80    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoominfo Technologies Inc                 | ZoomInfo Technologies, Inc.              | CUSIP: 98980F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4516 | NS      | $135976.76    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisetech Global Ltd.                      | WiseTech Global Ltd.                     | CUSIP: Q98056106<br>LEI: 254900VE3AF301Q85K83 | Long             | EC               | CORP              | AU        |      6656 | NS      | $229962.56    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Limited        | Fairfax Financial Holdings Ltd.          | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |       301 | NS      | $178310.18    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Linamar Corp                              | Linamar Corporation                      | CUSIP: 53278L107<br>LEI: 549300LW6VIYFRMFBU20 | Long             | EC               | CORP              | CA        |      3416 | NS      | $154659.18    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc.                              | MongoDB, Inc.                            | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      1388 | NS      | $273213.92    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc              | Citizens Financial Group, Inc.           | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      2666 | NS      | $104960.42    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Entain PLC                                | Entain plc                               | CUSIP: G3167C109<br>LEI: 213800GNI3K45LQR8L28 | Long             | EC               | CORP              | IM        |     22903 | NS      | $365879.87    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc                        | Boston Beer Company, Inc. (The)          | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |       291 | NS      | $95890.32     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Fleetcor Technologies Inc                 | FleetCor Technologies, Inc.              | CUSIP: 339041105<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      2245 | NS      | $412361.60    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT AB                                    | EQT A.B.                                 | CUSIP: W3R27C102<br>LEI: 213800U7P9GOIRKCTB34 | Long             | EC               | CORP              | SE        |      9632 | NS      | $203652.76    | 0.47%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Inter Parfums Inc                         | Inter Parfums, Inc.                      | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1771 | NS      | $170936.92    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                               | Zscaler, Inc.                            | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      1217 | NS      | $136182.30    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                | Twilio, Inc.                             | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |      3171 | NS      | $155252.16    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab As                                 | Genmab A/S                               | CUSIP: K3967W102<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |       819 | NS      | $346782.08    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                         | Omnicom Group, Inc.                      | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      4723 | NS      | $385255.11    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                          | Amazon.com, Inc.                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      3807 | NS      | $319788.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation               | Ares Management Corporation              | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |      2812 | NS      | $192453.28    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Onex Corp.                                | Onex Corporation                         | CUSIP: 68272K103<br>LEI: 894500LB8PNE5C7CEN88 | Long             | EC               | CORP              | CA        |      2259 | NS      | $108933.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                            | Exelixis, Inc.                           | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     33988 | NS      | $545167.52    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagen Inc                                | Seagen, Inc.                             | CUSIP: 81181C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1628 | NS      | $209214.28    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Seek Ltd.                                 | SEEK Ltd.                                | CUSIP: Q8382E102<br>LEI: 549300209NEKXBC8QO27 | Long             | EC               | CORP              | AU        |     17067 | NS      | $243415.92    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortescue Metals Group Ltd                | Fortescue Metals Group Ltd.              | CUSIP: Q39360104<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |     15754 | NS      | $219970.41    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Costar Group Inc                          | CoStar Group, Inc.                       | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3385 | NS      | $261592.80    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc             | Supernus Pharmaceuticals, Inc.           | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |      8027 | NS      | $286323.09    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Radware Ltd.                              | Radware Ltd.                             | CUSIP: M81873107<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      7155 | NS      | $141311.25    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Video Communications Inc             | Zoom Video Communications, Inc.          | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      1927 | NS      | $130534.98    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Spin Master Corporation                   | Spin Master Corporation                  | CUSIP: 848510103<br>LEI: 549300JH0ZG8BVEPRY76 | Long             | EC               | CORP              | CA        |      6344 | NS      | $156122.52    | 0.36%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Royalty Pharma PLC                        | Royalty Pharma plc                       | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | US        |      7089 | NS      | $280157.28    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilmar International Ltd.                 | Wilmar International Ltd.                | CUSIP: Y9586L109<br>LEI: 549300H2EAI4YRLWBB20 | Long             | EC               | CORP              | SG        |    123149 | NS      | $383404.01    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Daqo New Energy Corp.                     | Daqo New Energy Corporation              | CUSIP: 23703Q203<br>LEI: 529900711JBZ5O7VA827 | Long             | EC               | CORP              | CN        |      2781 | NS      | $107374.41    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Incorporated              | Bentley Systems, Inc.                    | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |     10894 | NS      | $402642.24    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Signature Bank                            | Signature Bank                           | CUSIP: 82669G104<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EC               | CORP              | US        |      1067 | NS      | $122939.74    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| JinkoSolar Holding Co., Ltd.              | JinkoSolar Holding Company Ltd.          | CUSIP: 47759T100<br>LEI: 529900Y93WNCS05FG852 | Long             | EC               | CORP              | CN        |      1878 | NS      | $76772.64     | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Amedisys Inc                              | Amedisys, Inc.                           | CUSIP: 023436108<br>LEI: 5299001RBS9GK9STN379 | Long             | EC               | CORP              | US        |      2256 | NS      | $188466.24    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                              | Synopsys, Inc.                           | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |       744 | NS      | $237551.76    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                    | Palo Alto Networks, Inc.                 | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      1347 | NS      | $187960.38    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                | Apple, Inc.                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      4565 | NS      | $593130.45    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc           | Pinnacle Financial Partners, Inc.        | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |      3221 | NS      | $236421.40    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corporation                     | Starbucks Corporation                    | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      2117 | NS      | $210006.40    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Gmo Internet Group Inc.                   | GMO internet group, Inc.                 | CUSIP: J1822R104<br>LEI: 529900BFZEY3BESHBW90 | Long             | EC               | CORP              | JP        |      9504 | NS      | $178551.62    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hargreaves Lansdown PLC                   | Hargreaves Lansdown plc                  | CUSIP: G43940108<br>LEI: 2138008ZCE93ZDSESG90 | Long             | EC               | CORP              | GB        |     15851 | NS      | $164063.08    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| E L F Beauty Inc                          | elf Beauty, Inc.                         | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |      6224 | NS      | $344187.20    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                               | Cognex Corporation                       | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |      5888 | NS      | $277383.68    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                               | Datadog, Inc.                            | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      1503 | NS      | $110470.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc.             | Catalyst Pharmaceuticals, Inc.           | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     20855 | NS      | $387903.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                       | Kinder Morgan, Inc.                      | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     12643 | NS      | $228585.44    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated         | Microchip Technology, Inc.               | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      2988 | NS      | $209907.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensirion Holding AG                      | Sensirion Holding A.G.                   | CUSIP: H7448F129<br>LEI: 8945003M3YNIE0AWEM05 | Long             | EC               | CORP              | CH        |      1442 | NS      | $152841.80    | 0.36%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Copart Inc                                | Copart, Inc.                             | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      2136 | NS      | $130061.04    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                       | Paycom Software, Inc.                    | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      1420 | NS      | $440640.20    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                        | Cintas Corporation                       | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       272 | NS      | $122840.64    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                    | TJX Companies, Inc. (The)                | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      2329 | NS      | $185388.40    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinch AB (publ)                           | Sinch A.B.                               | CUSIP: W835AF448<br>LEI: 549300UXY7QM6IDCGI12 | Long             | EC               | CORP              | SE        |     17102 | NS      | $62664.20     | 0.15%             |  |  |  | Yes           |                  1 | On Loan: No      |
| TechnologyOne Ltd.                        | Technology One Ltd.                      | CUSIP: Q89275103<br>LEI: 875500YEWBJIM91P9N12 | Long             | EC               | CORP              | AU        |     33491 | NS      | $299592.72    | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Futu Holdings Ltd.                        | Futu Holdings Ltd.                       | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | CN        |      2917 | NS      | $118576.05    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Bosideng International Holdings Ltd.      | Bosideng International Holdings Ltd.     | CUSIP: G12652106<br>LEI: 254900G7F1RDM4B3S169 | Long             | EC               | CORP              | HK        |    444476 | NS      | $211260.16    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Partners Group Holding AG                 | Partners Group Holding A.G.              | CUSIP: H6120A101<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |       174 | NS      | $153714.84    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Shockwave Medical Incorporation           | Shockwave Medical, Inc.                  | CUSIP: 82489T104<br>LEI: 549300LDXO56IC5Y1538 | Long             | EC               | CORP              | US        |      1616 | NS      | $332265.76    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated       | Vertex Pharmaceuticals, Inc.             | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1706 | NS      | $492658.68    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Bros Spa                          | Digital Bros SpA                         | CUSIP: T3520V105<br>LEI: 815600D581F8552C4F54 | Long             | EC               | CORP              | IT        |      6448 | NS      | $154796.19    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| The Trade Desk Inc                        | Trade Desk, Inc. (The)                   | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |      4898 | NS      | $219577.34    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Asana Inc                                 | Asana, Inc.                              | CUSIP: 04342Y104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14197 | NS      | $195492.69    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance, Inc.            | Walgreens Boots Alliance, Inc.           | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |      3043 | NS      | $113686.48    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                 | Block, Inc.                              | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      2054 | NS      | $129073.36    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                | Chipotle Mexican Grill, Inc.             | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       123 | NS      | $170661.27    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone SA                                 | Danone S.A.                              | CUSIP: 23636T100<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |     17169 | NS      | $180532.04    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                           | BlackRock, Inc.                          | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |       353 | NS      | $250146.39    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubiquiti Inc                              | Ubiquiti, Inc.                           | CUSIP: 90353W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       668 | NS      | $182718.04    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorporation           | Western Alliance Bancorp                 | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |      2932 | NS      | $174629.92    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cimpress PLC                              | Cimpress plc                             | CUSIP: G2143T103<br>LEI: 549300X1IFD75XISOR81 | Long             | EC               | CORP              | IE        |      6099 | NS      | $168393.39    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                          | MercadoLibre, Inc.                       | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | AR        |       181 | NS      | $153169.44    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Flight Centre Travel Group Ltd.           | Flight Centre Travel Group Ltd.          | CUSIP: Q39175106<br>LEI: 254900BGNUI78EKEJY68 | Long             | EC               | CORP              | AU        |     27630 | NS      | $272556.81    | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Medical Properties Trust Inc.             | Medical Properties Trust, Inc.           | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |     15835 | NS      | $176401.90    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Delivery Hero SE                          | Delivery Hero S.E.                       | CUSIP: D1T0KZ103<br>LEI: 529900C3EX1FZGE48X78 | Long             | EC               | CORP              | DE        |      3490 | NS      | $167343.61    | 0.39%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tesla Inc                                 | Tesla, Inc.                              | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      1410 | NS      | $173683.80    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd.    | Check Point Software Technologies Ltd.   | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      1655 | NS      | $208794.80    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Value Partners Gp                         | Value Partners Group Ltd.                | CUSIP: G93175100<br>LEI: 549300RYVTCSHFKXHB81 | Long             | EC               | CORP              | HK        |    335995 | NS      | $123971.16    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| NagaCorp Ltd.                             | NagaCorp Ltd.                            | CUSIP: G6382M109<br>LEI: 549300MMNKN0RBJELS20 | Long             | EC               | CORP              | KY        |    660982 | NS      | $582603.98    | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co. Ltd.            | Techtronic Industries Company Ltd.       | CUSIP: Y8563B159<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     34252 | NS      | $382207.73    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Workday Inc                               | Workday, Inc.                            | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      1433 | NS      | $239783.89    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                            | Cloudflare, Inc.                         | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      4314 | NS      | $195035.94    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                               | ResMed, Inc.                             | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      1872 | NS      | $389619.36    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| VMware Inc                                | VMware, Inc.                             | CUSIP: 928563402<br>LEI: 549300BUDHS3LRWBE814 | Long             | EC               | CORP              | US        |      5729 | NS      | $703292.04    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| W & T Offshore Inc.                       | W&T Offshore, Inc.                       | CUSIP: 92922P106<br>LEI: 549300Q7EOY2YIO3YK85 | Long             | EC               | CORP              | US        |     31536 | NS      | $175970.88    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                             | Alphabet, Inc.                           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      6457 | NS      | $569701.11    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corporation                        | Masimo Corporation                       | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |      1682 | NS      | $248851.90    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Herbalife Nutrition Ltd                   | Herbalife Nutrition Ltd.                 | CUSIP: G4412G101<br>LEI: 549300BA7TYPBSZZIA41 | Long             | EC               | CORP              | US        |     11674 | NS      | $173709.12    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc.                   | Advance Auto Parts, Inc.                 | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |       461 | NS      | $67780.83     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.     | Alexandria Real Estate Equities, Inc.    | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      1047 | NS      | $152516.49    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                              | Fortinet, Inc.                           | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      4010 | NS      | $196048.90    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Daily Money Fund                          | Fidelity Treasury Only Portfolio Class I | CUSIP: 233809300<br>LEI: Z2ZIGDKL3355UQRAKY22 | Long             | STIV             | RF                | US        |   1244206 | PA      | $1244205.68   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB                              | Evolution A.B.                           | CUSIP: W3287P115<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |      4269 | NS      | $415462.31    | 0.97%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Meta Platforms Inc                        | Meta Platforms, Inc.                     | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      3101 | NS      | $373174.34    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubisoft Entertainment S.A.                | Ubisoft Entertainment S.A.               | CUSIP: F9396N106<br>LEI: 969500I7C8V1LBIMSM05 | Long             | EC               | CORP              | FR        |      2880 | NS      | $81444.27     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| VNET Group Inc.                           | Vnet Group, Inc.                         | CUSIP: 90138A103<br>LEI: 529900672GYJQ3T38I58 | Long             | EC               | CORP              | CN        |     29374 | NS      | $166550.58    | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Richelieu Hardware                        | Richelieu Hardware Ltd.                  | CUSIP: 76329W103<br>LEI: 5493007VPNETW465DN04 | Long             | EC               | CORP              | CA        |      9152 | NS      | $244760.83    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc             | Intercontinental Exchange, Inc.          | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      1818 | NS      | $186508.62    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                        | Enphase Energy, Inc.                     | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |       389 | NS      | $103069.44    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingsoft Corp                             | Kingsoft Corp Ltd.                       | CUSIP: G5264Y108<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | CN        |     51538 | NS      | $172331.01    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Invitae Corporation                       | Invitae Corporation                      | CUSIP: 46185L103<br>LEI: 549300MYI59DZW1WIX92 | Long             | EC               | CORP              | US        |     18337 | NS      | $34106.82     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco Nevada Corp                        | Franco-Nevada Corporation                | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |       354 | NS      | $48313.92     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.           | Regeneron Pharmaceuticals, Inc.          | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       478 | NS      | $344872.22    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                            | Salesforce, Inc.                         | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      3585 | NS      | $475335.15    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                           | Ulta Beauty, Inc.                        | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       763 | NS      | $357900.41    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation            | Charles Schwab Corporation (The)         | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      2297 | NS      | $191248.22    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology S.A.                   | Spotify Technology S.A.                  | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |      1824 | NS      | $144004.80    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NIO Inc.                                  | NIO, Inc.                                | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | CN        |      2236 | NS      | $21801.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Incorporation                        | Okta, Inc.                               | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |      3079 | NS      | $210388.07    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                             | QUALCOMM, Inc.                           | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      2964 | NS      | $325862.16    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Hikma Pharmaceuticals PLC                 | Hikma Pharmaceuticals plc                | CUSIP: G4576K104<br>LEI: 549300BNS685UXH4JI75 | Long             | EC               | CORP              | JO        |     15836 | NS      | $297109.26    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                  | Crowdstrike Holdings, Inc.               | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1439 | NS      | $151512.31    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                  | Jazz Pharmaceuticals plc                 | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |      3838 | NS      | $611431.78    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Niu Technologies                          | Niu Technologies                         | CUSIP: 65481N100<br>LEI: 549300NJKNSC80EVQ065 | Long             | EC               | CORP              | CN        |     12570 | NS      | $65741.10     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FinVolution Group                         | FinVolution Group                        | CUSIP: 31810T101<br>LEI: 3003000RAVUT809U6P08 | Long             | EC               | CORP              | CN        |     49727 | NS      | $246645.92    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Playtika Holding Corp                     | Playtika Holding Corporation             | CUSIP: 72815L107<br>LEI: 254900E35Z4TKA4UFG64 | Long             | EC               | CORP              | IL        |     24854 | NS      | $211507.54    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| First Majestic Silver Corp.               | First Majestic Silver Corporation        | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |      7868 | NS      | $65549.72     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                | Airbnb, Inc.                             | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      2272 | NS      | $194256.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp.                        | FirstService Corporation                 | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |       767 | NS      | $93929.81     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corporation           | United Therapeutics Corporation          | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      1945 | NS      | $540885.05    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.           | Universal Health Services, Inc.          | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      3923 | NS      | $552711.47    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Weimob Inc.                               | Weimob, Inc.                             | CUSIP: G9T20A106<br>LEI: 254900SW0TNGAGYUTV05 | Long             | EC               | CORP              | CN        |    274851 | NS      | $234513.00    | 0.55%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Vermilion Energy Inc.                     | Vermilion Energy, Inc.                   | CUSIP: 923725105<br>LEI: WT03B8BB1IX8WI9ZGV02 | Long             | EC               | RF                | CA        |      9932 | NS      | $175796.40    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bilibili Inc                              | Bilibili, Inc.                           | CUSIP: 090040106<br>LEI: 5493008V60M52L3PIS45 | Long             | EC               | CORP              | CN        |      7354 | NS      | $174216.26    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                       | Arista Networks, Inc.                    | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      2794 | NS      | $339051.90    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                | Constellation Brands, Inc.               | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |       896 | NS      | $207648.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino Biopharmaceutical Limited            | Sino Biopharmaceutical Ltd.              | CUSIP: G8167W138<br>LEI: 529900LPR4ADFEJAR786 | Long             | EC               | CORP              | HK        |    240917 | NS      | $141051.93    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Yadea Group Holdings Ltd                  | Yadea Group Holdings Ltd.                | CUSIP: G9830F106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    243004 | NS      | $406585.58    | 0.95%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Juniper Networks, Inc.                    | Juniper Networks, Inc.                   | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |     12705 | NS      | $406051.80    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagerduty Inc                             | PagerDuty, Inc.                          | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |      4425 | NS      | $117528.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc              | Apollo Global Management, Inc.           | CUSIP: 03769M106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4557 | NS      | $290691.03    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Beigene Limited                           | BeiGene Ltd.                             | CUSIP: 07725L102<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | CN        |      1887 | NS      | $415026.78    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                         | Veeva Systems, Inc.                      | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      2651 | NS      | $427818.38    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                              | NVIDIA Corporation                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      3624 | NS      | $529611.36    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                            | Blackstone, Inc.                         | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      2516 | NS      | $186662.04    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CRISPR Therapeutics AG                    | CRISPR Therapeutics A.G.                 | CUSIP: H17182108<br>LEI: 506700O6IRRIQLT3W370 | Long             | EC               | CORP              | CH        |      5461 | NS      | $221989.65    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd.                                  | Sea Ltd.                                 | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |      1944 | NS      | $101146.32    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation              | Costco Wholesale Corporation             | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       162 | NS      | $73953.00     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DISH Network Corporation                  | DISH Network Corporation                 | CUSIP: 25470M109<br>LEI: 529900U350CWHH15G169 | Long             | EC               | CORP              | US        |     10784 | NS      | $151407.36    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd.               | First Quantum Minerals Ltd.              | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |      3033 | NS      | $63372.78     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                     | Microsoft Corporation                    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1802 | NS      | $432155.64    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku Inc                                  | Roku, Inc.                               | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |      2973 | NS      | $121001.10    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Enstar Group Ltd                          | Enstar Group Ltd.                        | CUSIP: G3075P101<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EC               | CORP              | BM        |      1130 | NS      | $261075.20    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                        | HCA Healthcare, Inc.                     | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1930 | NS      | $463122.80    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gambling.Com Group Limited                | Gambling.com Group Ltd.                  | CUSIP: G3R239101<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     29187 | NS      | $267061.05    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Verbio AG                                 | VERBIO Vereinigte BioEnergie A.G.        | CUSIP: D86145105<br>LEI: 529900W51PINCFFALS96 | Long             | EC               | CORP              | DE        |      1823 | NS      | $118292.96    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Capital One Financial Corporation         | Capital One Financial Corporation        | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      1245 | NS      | $115735.20    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta PLC                           | Antofagasta plc                          | CUSIP: G0398N128<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | CL        |      8908 | NS      | $166428.69    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Xinyi Glass Holdings Ltd.                 | Xinyi Glass Holdings Ltd.                | CUSIP: G9828G108<br>LEI: 52990082YXVVZFK1QJ17 | Long             | EC               | CORP              | HK        |    181986 | NS      | $338998.49    | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| EPAM Systems Inc.                         | EPAM Systems, Inc.                       | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |       723 | NS      | $236956.02    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

**Name of Applicant:** EntrepreneurShares Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller