# EDGAR Filing Document

**Accession Number:** 0001185072
**File Stem:** 0001185072-25-000001
**Filing Date:** 2025-8
**Character Count:** 45201
**Document Hash:** f0a18cb18cec51685023d1883350e6ff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001185072-25-000001.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0001185072-25-000001

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250808

**EFFECTIVENESS DATE**: 20250808

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mount Lucas Management LP
- **CENTRAL INDEX KEY:** 0001185072

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11021
- **FILM NUMBER:** 251198016

**BUSINESS ADDRESS:**
- **STREET 1:** 405 SOUTH STATE STREET
- **CITY:** NEWTOWN
- **STATE:** PA
- **ZIP:** 18940
- **BUSINESS PHONE:** 267-759-3500

**MAIL ADDRESS:**
- **STREET 1:** 405 SOUTH STATE STREET
- **CITY:** NEWTOWN
- **STATE:** PA
- **ZIP:** 18940

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MT LUCAS MANAGEMENT LP
- **DATE OF NAME CHANGE:** 20111130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MT LUCAS MANAGEMENT CORP
- **DATE OF NAME CHANGE:** 20020903

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001185072

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Mount Lucas Management LP

**Address:** 405 South State Street, Newtown, PA 18940

**Telephone number:** 267-759-3500

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-11021

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                                  | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                           | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Snowflake Inc.                                  | 833445109 | 07/02/2024     | To approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           2581 |                0 | FOR         |                                     2581 | FOR                         |  |
| McKesson Corporation                            | 58155Q103 | 07/31/2024     | Advisory vote on Executive Compensation                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |           1334 |                0 | FOR         |                                     1334 | FOR                         |  |
| Elastic N.V.                                    | N14506104 | 10/01/2024     | Non-binding advisory vote on the compensation of the Company's named executive officers as described in the proxy statement                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |           2310 |                0 | FOR         |                                     2310 | FOR                         |  |
| Cintas Corporation                              | 172908105 | 10/29/2024     | To approve, on an advisory basis, named executive officer compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |           2527 |                0 | FOR         |                                     2527 | FOR                         |  |
| Cardinal Health, Inc.                           | 14149Y108 | 11/06/2024     | To approve, on a non-binding advisory basis, the compensation of our named executive officers                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |           4530 |                0 | FOR         |                                     4530 | FOR                         |  |
| Broadridge Financial Solutions, Inc.            | 11133T103 | 11/14/2024     | Advisory vote to approve the compensation of the Company's Named Executive Officers (the Say on Pay Vote);                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           6481 |                0 | FOR         |                                     6481 | FOR                         |  |
| Copart, Inc.                                    | 217204106 | 12/06/2024     | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers for the fiscal year ended July 31, 2024.                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          27295 |                0 | FOR         |                                    27295 | FOR                         |  |
| Zscaler, Inc.                                   | 98980G102 | 01/10/2025     | To approve on a non-binding, advisory basis, the compensation of our named executive officers.                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |            916 |                0 | FOR         |                                      916 | FOR                         |  |
| Micron Technology, Inc.                         | 595112103 | 01/16/2025     | PROPOSAL BY THE COMPANY TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS AS DESCRIBED IN THE PROXY STATEMENT.                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           7000 |                0 | FOR         |                                     7000 | FOR                         |  |
| Costco Wholesale Corporation                    | 22160K105 | 01/23/2025     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           3449 |                0 | FOR         |                                     3449 | FOR                         |  |
| Visa Inc.                                       | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           4767 |                0 | FOR         |                                     4767 | FOR                         |  |
| Woodward, Inc.                                  | 980745103 | 01/29/2025     | Vote on an advisory resolution regarding the compensation of the Company's named executive officers;                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           1305 |                0 | FOR         |                                     1305 | FOR                         |  |
| Ciena Corporation                               | 171779309 | 03/27/2025     | Advisory vote on our named executive officer compensation, as described in the proxy materials.                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           3500 |                0 | FOR         |                                     3500 | FOR                         |  |
| Hewlett Packard Enterprise Company              | 42824C109 | 04/02/2025     | Advisory vote to approve the Hewlett Packard Enterprise Company's executive compensation                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          33790 |                0 | FOR         |                                    33790 | FOR                         |  |
| Lennar Corporation                              | 526057104 | 04/09/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           4008 |                0 | FOR         |                                     4008 | FOR                         |  |
| The Bank of New York Mellon Corporation         | 064058100 | 04/15/2025     | Advisory resolution to approve the 2024 compensation of our named executive officers.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          19011 |                0 | FOR         |                                    19011 | FOR                         |  |
| Carnival Corporation                            | 143658300 | 04/16/2025     | To hold a (non-binding) advisory vote to approve executive compensation.                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          55421 |                0 | FOR         |                                    55421 | FOR                         |  |
| AGNC Investment Corp.                           | 00123Q104 | 04/17/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         535500 |                0 | FOR         |                                   535500 | FOR                         |  |
| Broadcom Inc.                                   | 11135F101 | 04/21/2025     | Advisory vote to approve the named executive officer compensation.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           1435 |                0 | FOR         |                                     1435 | FOR                         |  |
| Northern Trust Corporation                      | 665859104 | 04/22/2025     | Approval, by an advisory vote, of the 2024 compensation of the Corporation's named executive officers.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |           7057 |                0 | FOR         |                                     7057 | FOR                         |  |
| Warrior Met Coal, Inc.                          | 93627C101 | 04/23/2025     | MANAGEMENT PROPOSAL: To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          12020 |                0 | FOR         |                                    12020 | FOR                         |  |
| TechnipFMC plc                                  | G87110105 | 04/25/2025     | 2024 U.S. Say-on-Pay for Named Executive Officers: To approve, as a non-binding advisory resolution, the Company's named executive officer compensation for the year ended December 31, 2024, as reported in the Company's Proxy Statement | SECTION 14A SAY-ON-PAY VOTES |          32802 |                0 | FOR         |                                    32802 | FOR                         |  |
| TechnipFMC plc                                  | G87110105 | 04/25/2025     | Frequency of Future Say-on-Pay Proposals for Named Executive Officers: Approval of the frequency of future Say-on-Pay proposals for named executive officers                                                                               | SECTION 14A SAY-ON-PAY VOTES |          32802 |                0 | ONE YEAR    |                                    32802 | FOR                         |  |
| PACCAR Inc                                      | 693718108 | 04/29/2025     | Advisory resolution to approve executive compensation                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           5904 |                0 | FOR         |                                     5904 | FOR                         |  |
| The Williams Companies, Inc.                    | 969457100 | 04/29/2025     | Approve, on an Advisory Basis, the Compensation of our Named Executive Officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          24901 |                0 | FOR         |                                    24901 | FOR                         |  |
| Pilgrim's Pride Corporation                     | 72147K108 | 04/30/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          11897 |                0 | FOR         |                                    11897 | FOR                         |  |
| PulteGroup, Inc.                                | 745867101 | 04/30/2025     | Say-on-pay: Advisory vote to approve executive compensation.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |           5521 |                0 | FOR         |                                     5521 | FOR                         |  |
| Cincinnati Financial Corporation                | 172062101 | 05/03/2025     | A nonbinding proposal to approve compensation for the company's named executive officers.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           5135 |                0 | FOR         |                                     5135 | FOR                         |  |
| Arch Capital Group Ltd.                         | G0450A105 | 05/07/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          19061 |                0 | FOR         |                                    19061 | FOR                         |  |
| Brown  Brown, Inc.                              | 115236101 | 05/07/2025     | To approve, on an advisory basis, the compensation of named executive officers.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          13056 |                0 | FOR         |                                    13056 | FOR                         |  |
| Packaging Corporation of America                | 695156109 | 05/07/2025     | Proposal to approve our executive compensation.                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           6237 |                0 | FOR         |                                     6237 | FOR                         |  |
| The Progressive Corporation                     | 743315103 | 05/09/2025     | Cast an advisory vote to approve our executive compensation program;                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           7363 |                0 | FOR         |                                     7363 | FOR                         |  |
| Loews Corporation                               | 540424108 | 05/13/2025     | Approve, on an advisory basis, executive compensation                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          16822 |                0 | FOR         |                                    16822 | FOR                         |  |
| Prudential Financial, Inc.                      | 744320102 | 05/13/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          10200 |                0 | FOR         |                                    10200 | FOR                         |  |
| American International Group, Inc.              | 026874784 | 05/14/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           8194 |                0 | AGAINST     |                                     8194 | AGAINST                     |  |
| American International Group, Inc.              | 026874784 | 05/14/2025     | Advisory Vote on the Frequency of Future Executive Compensation Votes.                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |           8194 |                0 | ONE YEAR    |                                     8194 | FOR                         |  |
| Annaly Capital Management, Inc.                 | 035710839 | 05/14/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         271600 |                0 | FOR         |                                   271600 | FOR                         |  |
| Everest Group, Ltd.                             | G3223R108 | 05/14/2025     | To approve, by non-binding advisory vote, 2024 compensation paid to the Company's Named Executive Officers.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |           1616 |                0 | FOR         |                                     1616 | FOR                         |  |
| Amphenol Corporation                            | 032095101 | 05/15/2025     | Advisory vote to approve compensation of named executive officers                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          17543 |                0 | FOR         |                                    17543 | FOR                         |  |
| Chubb Limited                                   | H1467J104 | 05/15/2025     | Advisory vote to approve executive compensation under U.S. securities law requirements                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |           5010 |                0 | FOR         |                                     5010 | FOR                         |  |
| Kinder Morgan, Inc.                             | 49456B101 | 05/15/2025     | Approval, on an advisory basis, of the compensation of our named executive officers, as disclosed in the Proxy Statement                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          50372 |                0 | FOR         |                                    50372 | FOR                         |  |
| Motorola Solutions, Inc.                        | 620076307 | 05/15/2025     | Advisory Approval of the Company's Executive Compensation.                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           3057 |                0 | FOR         |                                     3057 | FOR                         |  |
| Westinghouse Air Brake Technologies Corporation | 929740108 | 05/15/2025     | Approve an advisory (non-binding) resolution to approve the 2024 named executive officer compensation.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |           7406 |                0 | FOR         |                                     7406 | FOR                         |  |
| Comfort Systems USA, Inc.                       | 199908104 | 05/16/2025     | ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS.                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           2660 |                0 | FOR         |                                     2660 | FOR                         |  |
| DraftKings Inc.                                 | 26142V105 | 05/19/2025     | To conduct a non-binding advisory vote on executive compensation.                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          11556 |                0 | FOR         |                                    11556 | FOR                         |  |
| Republic Services, Inc.                         | 760759100 | 05/19/2025     | Advisory vote to approve our named executive officer compensation.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           6137 |                0 | FOR         |                                     6137 | FOR                         |  |
| Burlington Stores, Inc.                         | 122017106 | 05/20/2025     | Approval, on a non-binding advisory basis, of the compensation of Burlington Stores, Inc.'s named executive officers                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           1929 |                0 | FOR         |                                     1929 | FOR                         |  |
| JPMorgan Chase  Co.                             | 46625H100 | 05/20/2025     | Advisory resolution to approve executive compensation                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           5764 |                0 | FOR         |                                     5764 | FOR                         |  |
| Targa Resources Corp.                           | 87612G101 | 05/20/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers for the fiscal year ended December 31, 2024.                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           5265 |                0 | FOR         |                                     5265 | FOR                         |  |
| Assurant, Inc.                                  | 04621X108 | 05/21/2025     | Advisory approval of the 2024 compensation of the Company's named executive officers.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           3582 |                0 | FOR         |                                     3582 | FOR                         |  |
| Diamondback Energy, Inc.                        | 25278X109 | 05/21/2025     | The approval, on an advisory basis, of the compensation of the Company's named executive officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           3292 |                0 | FOR         |                                     3292 | FOR                         |  |
| Permian Resources Corporation                   | 71424F105 | 05/21/2025     | To approve, by a non-binding advisory vote, the Company's named executive officer compensation.                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          45454 |                0 | FOR         |                                    45454 | FOR                         |  |
| Reinsurance Group of America, Incorporated      | 759351604 | 05/21/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           2314 |                0 | FOR         |                                     2314 | FOR                         |  |
| Sprouts Farmers Market, Inc.                    | 85208M102 | 05/21/2025     | To vote on a non-binding advisory resolution to approve the compensation paid to our named executive officers for fiscal 2024 ("say-on-pay").                                                                                              | SECTION 14A SAY-ON-PAY VOTES |           3882 |                0 | FOR         |                                     3882 | FOR                         |  |
| The Hartford Insurance Group, Inc.              | 416515104 | 05/21/2025     | Management proposal to approve, on a non-binding advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's proxy statement                                                                  | SECTION 14A SAY-ON-PAY VOTES |          28787 |                0 | FOR         |                                    28787 | FOR                         |  |
| The Travelers Companies, Inc.                   | 89417E109 | 05/21/2025     | Non-binding vote to approve executive compensation.                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           3023 |                0 | FOR         |                                     3023 | FOR                         |  |
| United Airlines Holdings, Inc.                  | 910047109 | 05/21/2025     | A vote to approve, on a nonbinding advisory basis, the compensation of our named executive officers.                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          16895 |                0 | FOR         |                                    16895 | FOR                         |  |
| Quanta Services, Inc.                           | 74762E102 | 05/22/2025     | Approval, by non-binding advisory vote, of Quanta's executive compensation;                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |           1755 |                0 | FOR         |                                     1755 | FOR                         |  |
| ServiceNow, Inc.                                | 81762P102 | 05/22/2025     | Advisory vote to approve ServiceNow's named executive officer compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |            258 |                0 | FOR         |                                      258 | FOR                         |  |
| Tenet Healthcare Corporation                    | 88033G407 | 05/22/2025     | To approve, on an advisory basis, the Company's executive compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |           7441 |                0 | FOR         |                                     7441 | FOR                         |  |
| Welltower Inc.                                  | 95040Q104 | 05/22/2025     | The approval, on an advisory basis, of the compensation of the named executive officers.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          11250 |                0 | FOR         |                                    11250 | FOR                         |  |
| Howmet Aerospace Inc.                           | 443201108 | 05/28/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           2661 |                0 | FOR         |                                     2661 | FOR                         |  |
| Royal Caribbean Cruises Ltd.                    | V7780T103 | 05/28/2025     | Advisory approval of the Company's compensation of its named executive officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           5528 |                0 | FOR         |                                     5528 | FOR                         |  |
| Axon Enterprise, Inc.                           | 05464C101 | 05/29/2025     | Proposal No. 2 requests that shareholders vote to approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                               | SECTION 14A SAY-ON-PAY VOTES |            479 |                0 | FOR         |                                      479 | FOR                         |  |
| Roblox Corporation                              | 771049103 | 05/29/2025     | Advisory Vote on the Compensation of our Named Executive Officers.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           4578 |                0 | FOR         |                                     4578 | FOR                         |  |
| The Allstate Corporation                        | 020002101 | 05/29/2025     | Advisory vote to approve the compensation of the named executives.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           9508 |                0 | FOR         |                                     9508 | FOR                         |  |
| Arista Networks, Inc.                           | 040413205 | 05/30/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           2435 |                0 | AGAINST     |                                     2435 | AGAINST                     |  |
| General Motors Company                          | 37045V100 | 06/03/2025     | Advisory Approval of Named Executive Officer Compensation                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          27498 |                0 | FOR         |                                    27498 | FOR                         |  |
| Globus Medical, Inc.                            | 379577208 | 06/04/2025     | To approve, in an advisory vote, the compensation of the Company's named executive officers (the Say-on-Pay Vote).                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          10089 |                0 | FOR         |                                    10089 | FOR                         |  |
| Globus Medical, Inc.                            | 379577208 | 06/04/2025     | To approve, in an advisory vote, the frequency of the approval, on an advisory basis, of the compensation of our named executive officers (the Frequency Vote).                                                                            | SECTION 14A SAY-ON-PAY VOTES |          10089 |                0 | ONE YEAR    |                                    10089 | FOR                         |  |
| Super Micro Computer, Inc.                      | 86800U302 | 06/04/2025     | To approve, on a non-binding advisory basis, the compensation of the named executive officers as disclosed in the proxy statement.                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           3005 |                0 | FOR         |                                     3005 | FOR                         |  |
| UWM Holdings Corporation                        | 91823B109 | 06/04/2025     | To approve, on an advisory basis, the compensation of our named executive officers                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         191000 |                0 | AGAINST     |                                   191000 | AGAINST                     |  |
| Cloudflare, Inc.                                | 18915M107 | 06/05/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           2470 |                0 | FOR         |                                     2470 | FOR                         |  |
| DaVita Inc.                                     | 23918K108 | 06/05/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           7938 |                0 | FOR         |                                     7938 | FOR                         |  |
| EMCOR Group, Inc.                               | 29084Q100 | 06/05/2025     | Approval, by non-binding advisory vote, of named executive officer compensation.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           2419 |                0 | FOR         |                                     2419 | FOR                         |  |
| Walmart Inc.                                    | 931142103 | 06/05/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          15386 |                0 | FOR         |                                    15386 | FOR                         |  |
| Ares Management Corporation                     | 03990B101 | 06/06/2025     | Approval, on a non-binding, advisory basis, of the compensation paid to our named executive officers for our 2024 fiscal year.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           3169 |                0 | AGAINST     |                                     3169 | AGAINST                     |  |
| Ares Management Corporation                     | 03990B101 | 06/06/2025     | To recommend, on a non-binding, advisory basis, the frequency of future advisory votes to approve, on a non-binding, advisory basis, the compensation paid to our named executive officers.                                                | SECTION 14A SAY-ON-PAY VOTES |           3169 |                0 | ONE YEAR    |                                     3169 | AGAINST                     |  |
| The TJX Companies, Inc.                         | 872540109 | 06/10/2025     | Advisory approval of TJX's executive compensation (the say-on-pay vote)                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          10575 |                0 | FOR         |                                    10575 | FOR                         |  |
| Duolingo, Inc.                                  | 26603R106 | 06/11/2025     | To approve, on an advisory (non-binding) basis, the compensation of the Company's named executive officers.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |           2062 |                0 | FOR         |                                     2062 | FOR                         |  |
| W. R. Berkley Corporation                       | 084423102 | 06/11/2025     | Non-binding advisory vote on a resolution approving the compensation of the Company's named executive officers pursuant to the compensation disclosure rules of the Securities and Exchange Commission, or "say-on-pay" vote.              | SECTION 14A SAY-ON-PAY VOTES |          24185 |                0 | FOR         |                                    24185 | FOR                         |  |
| Norwegian Cruise Line Holdings Ltd.             | G66721104 | 06/12/2025     | Approval, on a non-binding, advisory basis, of the compensation of our named executive officers                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          28569 |                0 | FOR         |                                    28569 | FOR                         |  |
| MetLife, Inc.                                   | 59156R108 | 06/17/2025     | Advisory (non-binding) vote to approve the compensation paid to MetLife, Inc.'s Named Executive Officers                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          17770 |                0 | FOR         |                                    17770 | FOR                         |  |
| Synchrony Financial                             | 87165B103 | 06/17/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          36035 |                0 | FOR         |                                    36035 | FOR                         |  |
| Coinbase Global, Inc.                           | 19260Q107 | 06/18/2025     | Approval, on a non-binding advisory basis, of the compensation of our named executive officers.                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           2123 |                0 | AGAINST     |                                     2123 | AGAINST                     |  |
| Delta Air Lines, Inc.                           | 247361702 | 06/19/2025     | To approve, on an advisory basis, the compensation of Delta's named executive officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          33940 |                0 | FOR         |                                    33940 | FOR                         |  |
| NVIDIA Corporation                              | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           3909 |                0 | FOR         |                                     3909 | FOR                         |  |
| Robinhood Markets, Inc.                         | 770700102 | 06/25/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          13840 |                0 | FOR         |                                    13840 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Mount Lucas Management LP

**By (Signature):** Timothy J. Rudderow

**By (Printed Signature):** Timothy J. Rudderow

**By (Title):** Chief Investment Officer

**Date:** 07/24/2025