# EDGAR Filing Document

**Accession Number:** 0001760588
**File Stem:** 0000910472-26-005962
**Filing Date:** 2026-4
**Character Count:** 70160
**Document Hash:** 5d7eff2794c1224158a4ef5553ecfb2a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-005962.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0000910472-26-005962

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Zacks Trust
- **CENTRAL INDEX KEY:** 0001760588

**ORGANIZATION NAME:**
- **EIN:** 836534641
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23435
- **FILM NUMBER:** 26904805

**BUSINESS ADDRESS:**
- **STREET 1:** 227 WEST MONROE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-265-9359

**MAIL ADDRESS:**
- **STREET 1:** 227 WEST MONROE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

## Series and Classes Contracts Data

### Zacks Small-Cap Core Fund (Series ID: S000081341)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000244049 | Zacks Small-Cap Core Fund Investor Class Shares      |  |
| C000244050 | Zacks Small-Cap Core Fund Institutional Class Shares |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.3%** |  |
|  | **ADVERTISING & MARKETING - 0.3%** |  |
| 1360 | Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp; $115994 |
|  | **AEROSPACE & DEFENSE - 2.4%** |  |
| 551 | General Dynamics Corporation | &nbsp;&nbsp;&nbsp; 196735 |
| 848 | Howmet Aerospace, Inc. | &nbsp;&nbsp;&nbsp; 222625 |
| 2020 | RTX Corporation | &nbsp;&nbsp;&nbsp; 409292 |
|  |  | &nbsp;&nbsp; 828652 |
|  | **APPAREL & TEXTILE PRODUCTS - 0.2%** |  |
| 11317 | Under Armour, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 83972 |
|  | **ASSET MANAGEMENT - 0.9%** |  |
| 151 | Blackrock, Inc. | &nbsp;&nbsp;&nbsp; 160548 |
| 1965 | Robinhood Markets, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 149045 |
|  |  | &nbsp;&nbsp; 309593 |
|  | **AUTOMOTIVE - 0.9%** |  |
| 763 | Tesla, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 307115 |
|  | **BANKING - 4.8%** |  |
| 5852 | Bank of America Corporation | &nbsp;&nbsp;&nbsp; 291605 |
| 1578 | Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 94980 |
| 2160 | JPMorgan Chase & Company | &nbsp;&nbsp;&nbsp; 648647 |
| 1038 | PNC Financial Services Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 220419 |
| 5741 | Truist Financial Corporation | &nbsp;&nbsp;&nbsp; 283089 |
| 1017 | Wintrust Financial Corporation | &nbsp;&nbsp;&nbsp; 146509 |
|  |  | &nbsp;&nbsp; 1685249 |
|  | **BEVERAGES - 0.7%** |  |
| 1506 | PepsiCo, Inc. | &nbsp;&nbsp;&nbsp; 255628 |
|  | **BIOTECH & PHARMA - 7.7%** |  |
| 1573 | AbbVie, Inc. | &nbsp;&nbsp;&nbsp; 365062 |
| 823 | Amgen, Inc. | &nbsp;&nbsp;&nbsp; 319456 |
| 2990 | Bristol-Myers Squibb Company | &nbsp;&nbsp;&nbsp; 186486 |
| 483 | Eli Lilly & Company | &nbsp;&nbsp;&nbsp; 508111 |
| 2136 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 318157 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.3% (Continued)** |  |
|  | **BIOTECH & PHARMA - 7.7% (Continued)** |  |
| 1355 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; $336623 |
| 2215 | Merck & Company, Inc. | &nbsp;&nbsp;&nbsp; 274261 |
| 4839 | Pfizer, Inc. | &nbsp;&nbsp;&nbsp; 133798 |
| 543 | Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 269779 |
|  |  | &nbsp;&nbsp; 2711733 |
|  | **COMMERCIAL SUPPORT SERVICES - 1.9%** |  |
| 1873 | Cintas Corporation | &nbsp;&nbsp;&nbsp; 376716 |
| 1238 | Republic Services, Inc. | &nbsp;&nbsp;&nbsp; 283502 |
|  |  | &nbsp;&nbsp; 660218 |
|  | **DIVERSIFIED INDUSTRIALS - 0.6%** |  |
| 1482 | Emerson Electric Company | &nbsp;&nbsp;&nbsp; 223412 |
|  | **E-COMMERCE DISCRETIONARY - 3.1%** |  |
| 5061 | Amazon.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1062811 |
|  | **ELECTRIC UTILITIES - 1.7%** |  |
| 2771 | American Electric Power Company, Inc. | &nbsp;&nbsp;&nbsp; 370816 |
| 2161 | Southern Company (The) | &nbsp;&nbsp;&nbsp; 210438 |
|  |  | &nbsp;&nbsp; 581254 |
|  | **ELECTRICAL EQUIPMENT - 1.3%** |  |
| 950 | Amphenol Corporation, Class A | &nbsp;&nbsp;&nbsp; 138757 |
| 3964 | Mirion Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 85662 |
| 960 | Vertiv Holdings Company, Class A | &nbsp;&nbsp;&nbsp; 244694 |
|  |  | &nbsp;&nbsp; 469113 |
|  | **ENGINEERING & CONSTRUCTION - 1.6%** |  |
| 755 | EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp; 547088 |
|  | **FOOD - 0.9%** |  |
| 1350 | Hershey Company (The) | &nbsp;&nbsp;&nbsp; 318978 |
|  | **GAS & WATER UTILITIES - 0.8%** |  |
| 1239 | American Water Works Company, Inc. | &nbsp;&nbsp;&nbsp; 168541 |
| 2361 | NiSource, Inc. | &nbsp;&nbsp;&nbsp; 111675 |
|  |  | &nbsp;&nbsp; 280216 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.3% (Continued)** |  |
|  | **HEALTH CARE FACILITIES & SERVICES - 2.4%** |  |
| 1793 | Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp; $411010 |
| 695 | Labcorp Holdings, Inc. | &nbsp;&nbsp;&nbsp; 200938 |
| 803 | UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp; 235496 |
|  |  | &nbsp;&nbsp; 847444 |
|  | **HEALTH CARE REIT - 0.3%** |  |
| 1890 | Omega Healthcare Investors, Inc. | &nbsp;&nbsp;&nbsp; 91230 |
|  | **HOME CONSTRUCTION - 0.7%** |  |
| 1801 | PulteGroup, Inc. | &nbsp;&nbsp;&nbsp; 247097 |
|  | **HOUSEHOLD PRODUCTS - 1.7%** |  |
| 999 | Estee Lauder Companies, Inc. (The), Class A | &nbsp;&nbsp;&nbsp; 109361 |
| 2880 | Procter & Gamble Company (The) | &nbsp;&nbsp;&nbsp; 481536 |
|  |  | &nbsp;&nbsp; 590897 |
|  | **INDUSTRIAL REIT - 0.3%** |  |
| 1006 | Prologis, Inc. | &nbsp;&nbsp;&nbsp; 143426 |
|  | **INDUSTRIAL SUPPORT SERVICES - 0.3%** |  |
| 2065 | Fastenal Company | &nbsp;&nbsp;&nbsp; 95073 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 0.5%** |  |
| 1853 | Nasdaq, Inc. | &nbsp;&nbsp;&nbsp; 162286 |
|  | **INSURANCE - 3.7%** |  |
| 512 | Assurant, Inc. | &nbsp;&nbsp;&nbsp; 117550 |
| 3022 | Hartford Insurance Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 425589 |
| 1780 | Marsh & McLennan Companies, Inc. | &nbsp;&nbsp;&nbsp; 332397 |
| 3218 | MetLife, Inc. | &nbsp;&nbsp;&nbsp; 231921 |
| 2829 | W R Berkley Corporation | &nbsp;&nbsp;&nbsp; 202839 |
|  |  | &nbsp;&nbsp; 1310296 |
|  | **INTERNET MEDIA & SERVICES - 10.9%** |  |
| 4850 | Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp; 1512036 |
| 1244 | Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp; 387419 |
| 1737 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 1125889 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.3% (Continued)** |  |
|  | **INTERNET MEDIA & SERVICES - 10.9% (Continued)** |  |
| 3194 | Netflix, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $307391 |
| 643 | Spotify Technology S.A.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 331106 |
| 2076 | Uber Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 156572 |
|  |  | &nbsp;&nbsp; 3820413 |
|  | **LEISURE FACILITIES & SERVICES - 2.1%** |  |
| 900 | Marriott International Inc, Class A | &nbsp;&nbsp;&nbsp; 307557 |
| 613 | McDonald's Corporation | &nbsp;&nbsp;&nbsp; 209070 |
| 741 | Royal Caribbean Cruises Ltd. | &nbsp;&nbsp;&nbsp; 230421 |
|  |  | &nbsp;&nbsp; 747048 |
|  | **MACHINERY - 2.9%** |  |
| 1257 | Caterpillar, Inc. | &nbsp;&nbsp;&nbsp; 933738 |
| 3737 | Mueller Water Products, Inc., Class A | &nbsp;&nbsp;&nbsp; 111848 |
|  |  | &nbsp;&nbsp; 1045586 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.6%** |  |
| 2140 | Boston Scientific Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 164459 |
| 530 | Stryker Corporation | &nbsp;&nbsp;&nbsp; 205354 |
| 373 | Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp; 194374 |
|  |  | &nbsp;&nbsp; 564187 |
|  | **METALS & MINING - 0.4%** |  |
| 2453 | Alcoa Corporation | &nbsp;&nbsp;&nbsp; 152282 |
|  | **OIL & GAS PRODUCERS - 3.3%** |  |
| 2550 | Chevron Corporation | &nbsp;&nbsp;&nbsp; 476237 |
| 2786 | ConocoPhillips | &nbsp;&nbsp;&nbsp; 316100 |
| 2311 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 352428 |
|  |  | &nbsp;&nbsp; 1144765 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 0.5%** |  |
| 5220 | Halliburton Company | &nbsp;&nbsp;&nbsp; 187920 |
|  | **RESIDENTIAL REIT - 0.4%** |  |
| 943 | Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;&nbsp; 126230 |
|  | **RETAIL - CONSUMER STAPLES - 2.3%** |  |
| 1070 | BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 105705 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.3% (Continued)** |  |
|  | **RETAIL - CONSUMER STAPLES - 2.3% (Continued)** |  |
| 5511 | Walmart, Inc. | &nbsp;&nbsp;&nbsp; $705133 |
|  |  | &nbsp;&nbsp; 810838 |
|  | **RETAIL - DISCRETIONARY - 2.1%** |  |
| 1026 | Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp; 390618 |
| 2216 | TJX Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 358239 |
|  |  | &nbsp;&nbsp; 748857 |
|  | **SEMICONDUCTORS - 12.1%** |  |
| 1782 | Advanced Micro Devices, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 356774 |
| 911 | Analog Devices, Inc. | &nbsp;&nbsp;&nbsp; 324125 |
| 1014 | Applied Materials, Inc. | &nbsp;&nbsp;&nbsp; 377512 |
| 1725 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp; 551224 |
| 4345 | Intel Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 198175 |
| 1162 | Lam Research Corporation | &nbsp;&nbsp;&nbsp; 271780 |
| 12375 | NVIDIA Corporation | &nbsp;&nbsp;&nbsp; 2192726 |
|  |  | &nbsp;&nbsp; 4272316 |
|  | **SOFTWARE - 7.2%** |  |
| 865 | Cadence Design Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 260711 |
| 3386 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; 1329817 |
| 848 | Okta, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 61480 |
| 752 | Oracle Corporation | &nbsp;&nbsp;&nbsp; 109341 |
| 859 | Palantir Technologies, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 117846 |
| 1099 | Palo Alto Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 163663 |
| 740 | Salesforce, Inc. | &nbsp;&nbsp;&nbsp; 144145 |
| 1058 | ServiceNow, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 114275 |
| 993 | Twilio, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 120113 |
| 1271 | Zoom Video Communications, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 93978 |
|  |  | &nbsp;&nbsp; 2515369 |
|  | **SPECIALTY FINANCE - 2.0%** |  |
| 1664 | American Express Company | &nbsp;&nbsp;&nbsp; 514010 |
| 878 | Capital One Financial Corporation | &nbsp;&nbsp;&nbsp; 171772 |
|  |  | &nbsp;&nbsp; 685782 |
|  | **TECHNOLOGY HARDWARE - 7.6%** |  |
| 5577 | Apple, Inc. | &nbsp;&nbsp;&nbsp; 1473332 |
| 998 | Arista Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 133233 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.3% (Continued)** |  |
|  | **TECHNOLOGY HARDWARE - 7.6% (Continued)** |  |
| 3887 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; $308861 |
| 2500 | Corning, Inc. | &nbsp;&nbsp;&nbsp; 375950 |
| 539 | Fabrinet<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 294095 |
| 1323 | Pure Storage, Inc., CLASS A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 84963 |
|  |  | &nbsp;&nbsp; 2670434 |
|  | **TECHNOLOGY SERVICES - 1.9%** |  |
| 713 | International Business Machines Corporation | &nbsp;&nbsp;&nbsp; 171270 |
| 857 | Leidos Holdings, Inc. | &nbsp;&nbsp;&nbsp; 150061 |
| 549 | Moody's Corporation | &nbsp;&nbsp;&nbsp; 262196 |
| 2987 | Toast, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 81575 |
|  |  | &nbsp;&nbsp; 665102 |
|  | **TELECOMMUNICATIONS - 1.3%** |  |
| 4980 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 139490 |
| 1414 | T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp; 306965 |
|  |  | &nbsp;&nbsp; 446455 |
|  | **TOTAL COMMON STOCKS (Cost $18,153,025)** | &nbsp;&nbsp; 34532359 |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENT — 1.7%** |  |
|  | **MONEY MARKET FUND - 1.7%** |  |
| 580005 | Federated Hermes Treasury Obligations Fund, Institutional Class, 3.55% (Cost $580,005)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 580005 |
|  | **TOTAL INVESTMENTS - 100.0% (Cost $18,733,030)** | &nbsp;&nbsp;&nbsp; $35112364 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.0%** | &nbsp;&nbsp; 6164 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $35118528 |

---

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> Rate disclosed is the seven day effective yield as of February 28, 2026.

---

| | | |
|:---|:---|:---|
| **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1%** |  |
|  | **AEROSPACE & DEFENSE - 2.0%** |  |
| 1863 | Moog, Inc., Class A | &nbsp;&nbsp;&nbsp; $628632 |
|  | **APPAREL & TEXTILE PRODUCTS - 0.5%** |  |
| 5653 | Movado Group, Inc. | &nbsp;&nbsp;&nbsp; 141042 |
|  | **BANKING - 18.9%** |  |
| 2684 | Bank of NT Butterfield & Son Ltd. (The) | &nbsp;&nbsp;&nbsp; 136213 |
| 4928 | Bank7 Corporation | &nbsp;&nbsp;&nbsp; 200471 |
| 1536 | Bar Harbor Bankshares | &nbsp;&nbsp;&nbsp; 49551 |
| 2312 | Byline Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 72134 |
| 9943 | Capital City Bank Group, Inc. | &nbsp;&nbsp;&nbsp; 426008 |
| 25300 | Community West Bancshares | &nbsp;&nbsp;&nbsp; 587719 |
| 4323 | FB Financial Corporation | &nbsp;&nbsp;&nbsp; 236425 |
| 3223 | Five Star Bancorp | &nbsp;&nbsp;&nbsp; 125471 |
| 22009 | HBT Financial, Inc. | &nbsp;&nbsp;&nbsp; 593363 |
| 7139 | HomeTrust Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 300837 |
| 6923 | Mercantile Bank Corporation | &nbsp;&nbsp;&nbsp; 357642 |
| 36681 | Ponce Financial Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 596067 |
| 25613 | Shore Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 475890 |
| 3510 | Sierra Bancorp | &nbsp;&nbsp;&nbsp; 126290 |
| 14995 | SmartFinancial, Inc. | &nbsp;&nbsp;&nbsp; 587954 |
| 14019 | South Plains Financial, Inc. | &nbsp;&nbsp;&nbsp; 574218 |
| 6020 | Southern Missouri Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 372698 |
| 762 | Third Coast Bancshares, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 30183 |
|  |  | &nbsp;&nbsp; 5849134 |
|  | **BIOTECH & PHARMA - 3.3%** |  |
| 293 | Bright Minds Biosciences, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 24559 |
| 6785 | Indivior Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 222006 |
| 10985 | Phibro Animal Health Corporation, Class A | &nbsp;&nbsp;&nbsp; 599671 |
| 6181 | Rapport Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 179434 |
|  |  | &nbsp;&nbsp; 1025670 |
|  | **CABLE & SATELLITE - 1.7%** |  |
| 67262 | Liberty Latin America Ltd., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 527335 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **CHEMICALS - 3.6%** |  |
| 2826 | Balchem Corporation | &nbsp;&nbsp;&nbsp; $512721 |
| 6716 | Intrepid Potash, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 248291 |
| 2244 | Materion Corporation | &nbsp;&nbsp;&nbsp; 365907 |
|  |  | &nbsp;&nbsp; 1126919 |
|  | **COMMERCIAL SUPPORT SERVICES - 3.9%** |  |
| 918 | CRA International, Inc. | &nbsp;&nbsp;&nbsp; 158502 |
| 3435 | Huron Consulting Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 485709 |
| 38165 | Quad/Graphics, Inc. | &nbsp;&nbsp;&nbsp; 263720 |
| 4220 | V2X, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 294345 |
|  |  | &nbsp;&nbsp; 1202276 |
|  | **CONSUMER SERVICES - 0.6%** |  |
| 4940 | Coursera, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 31665 |
| 5058 | Laureate Education, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 163576 |
|  |  | &nbsp;&nbsp; 195241 |
|  | **ELECTRICAL EQUIPMENT - 7.2%** |  |
| 9654 | Allient, Inc. | &nbsp;&nbsp;&nbsp; 635620 |
| 1936 | ESCO Technologies, Inc. | &nbsp;&nbsp;&nbsp; 536833 |
| 330 | Kimball Electronics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8247 |
| 7005 | nLight, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 393611 |
| 2743 | SPX Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 622496 |
|  |  | &nbsp;&nbsp; 2196807 |
|  | **ENGINEERING & CONSTRUCTION - 3.7%** |  |
| 448 | Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp; 640358 |
| 7330 | Frontdoor, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 502618 |
|  |  | &nbsp;&nbsp; 1142976 |
|  | **FOOD - 0.2%** |  |
| 701 | John B Sanfilippo & Son, Inc. | &nbsp;&nbsp;&nbsp; 57910 |
|  | **HEALTH CARE FACILITIES & SERVICES - 3.3%** |  |
| 11348 | Guardian Pharmacy Services, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 380271 |
| 35907 | Innovage Holding Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 321727 |
| 45289 | LifeStance Health Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 327892 |
|  |  | &nbsp;&nbsp; 1029890 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **HOME CONSTRUCTION - 0.9%** |  |
| 9679 | Forestar Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $277981 |
|  | **HOUSEHOLD PRODUCTS - 0.4%** |  |
| 3655 | Central Garden & Pet Company, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 126244 |
|  | **INDUSTRIAL INTERMEDIATE PROD - 3.1%** |  |
| 4207 | AZZ, Inc. | &nbsp;&nbsp;&nbsp; 572068 |
| 6400 | Proto Labs, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 397312 |
|  |  | &nbsp;&nbsp; 969380 |
|  | **INDUSTRIAL SUPPORT SERVICES - 1.7%** |  |
| 17862 | Newpark Resources, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 257749 |
| 7075 | Resideo Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 273802 |
|  |  | &nbsp;&nbsp; 531551 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 1.3%** |  |
| 3500 | Marex Group plc | &nbsp;&nbsp;&nbsp; 152110 |
| 1854 | StoneX Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 236385 |
|  |  | &nbsp;&nbsp; 388495 |
|  | **INSURANCE - 2.5%** |  |
| 10590 | American Coastal Insurance Corporation | &nbsp;&nbsp;&nbsp; 120620 |
| 180 | Palomar Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 22268 |
| 15518 | United Fire Group, Inc. | &nbsp;&nbsp;&nbsp; 603030 |
| 836 | Universal Insurance Holdings, Inc. | &nbsp;&nbsp;&nbsp; 29402 |
|  |  | &nbsp;&nbsp; 775320 |
|  | **INTERNET MEDIA & SERVICES - 0.7%** |  |
| 14278 | EverQuote, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225592 |
|  | **LEISURE FACILITIES & SERVICES - 2.9%** |  |
| 21500 | Accel Entertainment, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 244240 |
| 83736 | Global Business Travel Group I<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 458036 |
| 15600 | Super Group SGHC Ltd. | &nbsp;&nbsp;&nbsp; 166920 |
|  |  | &nbsp;&nbsp; 869196 |
|  | **MACHINERY - 5.1%** |  |
| 4706 | Federal Signal Corporation | &nbsp;&nbsp;&nbsp; 547919 |
| 2956 | Gorman-Rupp Company (The) | &nbsp;&nbsp;&nbsp; 189864 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **MACHINERY - 5.1% (Continued)** |  |
| 3923 | Graham Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $318626 |
| 1471 | Watts Water Technologies, Inc., Class A | &nbsp;&nbsp;&nbsp; 483577 |
|  |  | &nbsp;&nbsp; 1539986 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.9%** |  |
| 5927 | Pulse Biosciences, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 111013 |
| 7482 | SI-BONE, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 116121 |
| 27701 | Varex Imaging Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 364822 |
|  |  | &nbsp;&nbsp; 591956 |
|  | **METALS & MINING - 1.9%** |  |
| 22969 | Hecla Mining Company | &nbsp;&nbsp;&nbsp; 572158 |
|  | **MULTI ASSET CLASS REIT - 1.5%** |  |
| 19958 | One Liberty Properties, Inc. | &nbsp;&nbsp;&nbsp; 468813 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 1.3%** |  |
| 30260 | Oil States International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 396103 |
|  | **REAL ESTATE SERVICES - 1.5%** |  |
| 31394 | Newmark Group, Inc., Class A | &nbsp;&nbsp;&nbsp; 455841 |
|  | **RENEWABLE ENERGY - 0.4%** |  |
| 684 | EnerSys | &nbsp;&nbsp;&nbsp; 113647 |
|  | **RETAIL - DISCRETIONARY - 1.5%** |  |
| 35270 | Envela Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 474734 |
|  | **SEMICONDUCTORS - 3.5%** |  |
| 4293 | FormFactor, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 424492 |
| 5645 | Kulicke & Soffa Industries, Inc. | &nbsp;&nbsp;&nbsp; 393569 |
| 673 | SiTime Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 267773 |
|  |  | &nbsp;&nbsp; 1085834 |
|  | **SOFTWARE - 3.6%** |  |
| 5730 | Adeia, Inc. | &nbsp;&nbsp;&nbsp; 118554 |
| 11700 | Appian Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 312039 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **SOFTWARE - 3.6% (Continued)** |  |
| 19900 | Backblaze, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $74824 |
| 37570 | EverCommerce, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 431303 |
| 8027 | Intapp, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180046 |
|  |  | &nbsp;&nbsp; 1116766 |
|  | **SPECIALTY FINANCE - 4.0%** |  |
| 3293 | Atlanticus Holdings Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 172257 |
| 1700 | LendingTree, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 63529 |
| 2562 | Nelnet, Inc., Class A | &nbsp;&nbsp;&nbsp; 331677 |
| 38585 | OppFi, Inc. | &nbsp;&nbsp;&nbsp; 354209 |
| 24725 | Paysign, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 87774 |
| 13637 | PRA Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 214783 |
|  |  | &nbsp;&nbsp; 1224229 |
|  | **STEEL - 3.6%** |  |
| 1611 | Carpenter Technology Corporation | &nbsp;&nbsp;&nbsp; 641290 |
| 5876 | Northwest Pipe Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 455978 |
|  |  | &nbsp;&nbsp; 1097268 |
|  | **TECHNOLOGY HARDWARE - 4.0%** |  |
| 4468 | Credo Technology Group Holding Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 501622 |
| 7078 | Sight Sciences, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 36522 |
| 6059 | TTM Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 631591 |
| 252 | Vicor Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 50753 |
|  |  | &nbsp;&nbsp; 1220488 |
|  | **TECHNOLOGY SERVICES - 1.1%** |  |
| 3620 | LiveRamp Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 98355 |
| 2408 | MAXIMUS, Inc. | &nbsp;&nbsp;&nbsp; 182069 |
| 16685 | Telos Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 67074 |
|  |  | &nbsp;&nbsp; 347498 |
|  | **TELECOMMUNICATIONS - 0.2%** |  |
| 4360 | Spok Holdings, Inc. | &nbsp;&nbsp;&nbsp; 52930 |
|  | **TRANSPORTATION & LOGISTICS - 0.3%** |  |
| 10121 | Pangaea Logistics Solutions Ltd. | &nbsp;&nbsp;&nbsp; 94631 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **WHOLESALE - CONSUMER STAPLES - 0.3%** |  |
| 5880 | Mission Produce, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $83437 |
|  | **TOTAL COMMON STOCKS (Cost $24,432,607)** | &nbsp;&nbsp; 30223910 |
|  | **TOTAL INVESTMENTS - 98.1% (Cost $24,432,607)** | &nbsp;&nbsp;&nbsp; $30223910 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 1.9%** | &nbsp;&nbsp; 575859 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $30799769 |

---

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

---

| | | |
|:---|:---|:---|
| **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.4%** |  |
|  | **AEROSPACE & DEFENSE - 3.5%** |  |
| 5123 | General Dynamics Corporation | &nbsp;&nbsp;&nbsp; $1829167 |
| 3870 | L3Harris Technologies, Inc. | &nbsp;&nbsp;&nbsp; 1410770 |
| 2457 | Lockheed Martin Corporation, Class B | &nbsp;&nbsp;&nbsp; 1616903 |
|  |  | &nbsp;&nbsp; 4856840 |
|  | **ASSET MANAGEMENT - 2.2%** |  |
| 2822 | Blackrock, Inc. | &nbsp;&nbsp;&nbsp; 3000435 |
|  | **BANKING - 11.3%** |  |
| 33629 | Bank of America Corporation | &nbsp;&nbsp;&nbsp; 1675733 |
| 12112 | Citigroup, Inc. | &nbsp;&nbsp;&nbsp; 1334621 |
| 13823 | Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 832006 |
| 39074 | Fifth Third Bancorp | &nbsp;&nbsp;&nbsp; 1932991 |
| 14730 | JPMorgan Chase & Company | &nbsp;&nbsp;&nbsp; 4423419 |
| 6498 | PNC Financial Services Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 1379850 |
| 33154 | US Bancorp | &nbsp;&nbsp;&nbsp; 1812198 |
| 24575 | Wells Fargo & Company | &nbsp;&nbsp;&nbsp; 2001634 |
|  |  | &nbsp;&nbsp; 15392452 |
|  | **BEVERAGES - 2.6%** |  |
| 25954 | Coca-Cola Company (The) | &nbsp;&nbsp;&nbsp; 2116808 |
| 8819 | PepsiCo, Inc. | &nbsp;&nbsp;&nbsp; 1496937 |
|  |  | &nbsp;&nbsp; 3613745 |
|  | **BIOTECH & PHARMA - 8.4%** |  |
| 11940 | AbbVie, Inc. | &nbsp;&nbsp;&nbsp; 2771035 |
| 7600 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 1132020 |
| 14953 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 3714774 |
| 19452 | Merck & Company, Inc. | &nbsp;&nbsp;&nbsp; 2408547 |
| 51899 | Pfizer, Inc. | &nbsp;&nbsp;&nbsp; 1435007 |
|  |  | &nbsp;&nbsp; 11461383 |
|  | **CABLE & SATELLITE - 0.7%** |  |
| 30279 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; 937438 |
|  | **DIVERSIFIED INDUSTRIALS - 3.4%** |  |
| 4609 | Parker-Hannifin Corporation | &nbsp;&nbsp;&nbsp; 4651311 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.4% (Continued)** |  |
|  | **ELECTRIC UTILITIES - 3.2%** |  |
| 9729 | American Electric Power Company, Inc. | &nbsp;&nbsp;&nbsp; $1301935 |
| 16028 | Public Service Enterprise Group, Inc. | &nbsp;&nbsp;&nbsp; 1379530 |
| 18067 | Southern Company (The) | &nbsp;&nbsp;&nbsp; 1759364 |
|  |  | &nbsp;&nbsp; 4440829 |
|  | **GAMING REITS - 0.4%** |  |
| 12029 | Gaming and Leisure Properties, Inc. | &nbsp;&nbsp;&nbsp; 588338 |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.3%** |  |
| 3663 | Cigna Group (The) | &nbsp;&nbsp;&nbsp; 1061611 |
| 2671 | UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp; 783324 |
|  |  | &nbsp;&nbsp; 1844935 |
|  | **HEALTH CARE REIT - 0.4%** |  |
| 30407 | Healthpeak Properties, Inc. | &nbsp;&nbsp;&nbsp; 537596 |
|  | **HOUSEHOLD PRODUCTS - 2.4%** |  |
| 19836 | Procter & Gamble Company (The) | &nbsp;&nbsp;&nbsp; 3316579 |
|  | **INDUSTRIAL REIT - 1.7%** |  |
| 15785 | Prologis, Inc. | &nbsp;&nbsp;&nbsp; 2250468 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 2.5%** |  |
| 20157 | Bank of New York Mellon Corporation (The) | &nbsp;&nbsp;&nbsp; 2400699 |
| 5788 | Morgan Stanley | &nbsp;&nbsp;&nbsp; 963760 |
|  |  | &nbsp;&nbsp; 3364459 |
|  | **INSURANCE - 4.2%** |  |
| 7082 | Arthur J. Gallagher & Company | &nbsp;&nbsp;&nbsp; 1616112 |
| 30162 | MetLife, Inc. | &nbsp;&nbsp;&nbsp; 2173775 |
| 20128 | Prudential Financial, Inc. | &nbsp;&nbsp;&nbsp; 1980193 |
|  |  | &nbsp;&nbsp; 5770080 |
|  | **INTERNET MEDIA & SERVICES - 3.3%** |  |
| 8376 | Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp; 2611302 |
| 2838 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 1839535 |
|  |  | &nbsp;&nbsp; 4450837 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.4% (Continued)** |  |
|  | **LEISURE FACILITIES & SERVICES - 1.5%** |  |
| 6089 | McDonald's Corporation | &nbsp;&nbsp;&nbsp; $2076714 |
|  | **MACHINERY - 5.5%** |  |
| 5833 | Caterpillar, Inc. | &nbsp;&nbsp;&nbsp; 4332927 |
| 2947 | Deere & Company | &nbsp;&nbsp;&nbsp; 1855755 |
| 12691 | Pentair PLC | &nbsp;&nbsp;&nbsp; 1258820 |
|  |  | &nbsp;&nbsp; 7447502 |
|  | **MEDICAL EQUIPMENT & DEVICES - 3.1%** |  |
| 8191 | Abbott Laboratories | &nbsp;&nbsp;&nbsp; 953023 |
| 6356 | Becton Dickinson and Company | &nbsp;&nbsp;&nbsp; 1121707 |
| 3703 | Danaher Corporation | &nbsp;&nbsp;&nbsp; 780000 |
| 13829 | Medtronic PLC | &nbsp;&nbsp;&nbsp; 1350540 |
|  |  | &nbsp;&nbsp; 4205270 |
|  | **MULTI ASSET CLASS REIT - 0.7%** |  |
| 13039 | WP Carey, Inc. | &nbsp;&nbsp;&nbsp; 973361 |
|  | **OIL & GAS PRODUCERS - 7.5%** |  |
| 21979 | ConocoPhillips | &nbsp;&nbsp;&nbsp; 2493737 |
| 28435 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 4336337 |
| 9555 | HF Sinclair Corporation | &nbsp;&nbsp;&nbsp; 477846 |
| 70417 | Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp; 2342774 |
| 12691 | Ovintiv, Inc. | &nbsp;&nbsp;&nbsp; 642038 |
|  |  | &nbsp;&nbsp; 10292732 |
|  | **REAL ESTATE INVESTMENT TRUSTS - 0.8%** |  |
| 12436 | Crown Castle, Inc. | &nbsp;&nbsp;&nbsp; 1113519 |
|  | **RETAIL - CONSUMER STAPLES - 2.7%** |  |
| 28396 | Walmart, Inc. | &nbsp;&nbsp;&nbsp; 3633268 |
|  | **RETAIL - DISCRETIONARY - 3.6%** |  |
| 7169 | Ferguson Enterprises, Inc. | &nbsp;&nbsp;&nbsp; 1869388 |
| 7942 | Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp; 3023679 |
|  |  | &nbsp;&nbsp; 4893067 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.4% (Continued)** |  |
|  | **SEMICONDUCTORS - 2.8%** |  |
| 6801 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp; $2173261 |
| 11478 | QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp; 1634008 |
|  |  | &nbsp;&nbsp; 3807269 |
|  | **SOFTWARE - 1.8%** |  |
| 6445 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; 2531209 |
|  | **SPECIALTY FINANCE - 0.5%** |  |
| 14084 | Fidelity National Financial, Inc. | &nbsp;&nbsp;&nbsp; 744762 |
|  | **SPECIALTY REITS - 1.0%** |  |
| 10031 | Lamar Advertising Company, Class A | &nbsp;&nbsp;&nbsp; 1381670 |
|  | **TECHNOLOGY HARDWARE - 2.5%** |  |
| 42738 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 3395961 |
|  | **TECHNOLOGY SERVICES - 2.6%** |  |
| 2750 | Accenture PLC, Class A | &nbsp;&nbsp;&nbsp; 573980 |
| 3311 | Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp; 709746 |
| 3587 | Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp; 666716 |
| 6551 | International Business Machines Corporation | &nbsp;&nbsp;&nbsp; 1573615 |
|  |  | &nbsp;&nbsp; 3524057 |
|  | **TELECOMMUNICATIONS - 3.1%** |  |
| 67592 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 1893252 |
| 47624 | Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp; 2387867 |
|  |  | &nbsp;&nbsp; 4281119 |
|  | **TOBACCO & CANNABIS - 3.7%** |  |
| 22016 | Altria Group, Inc. | &nbsp;&nbsp;&nbsp; 1519985 |
| 18703 | Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp; 3494282 |
|  |  | &nbsp;&nbsp; 5014267 |
|  | **TRANSPORTATION & LOGISTICS - 3.0%** |  |
| 40882 | CSX Corporation | &nbsp;&nbsp;&nbsp; 1745252 |
| 26434 | Delta Air Lines, Inc. | &nbsp;&nbsp;&nbsp; 1736714 |
| 4934 | United Parcel Service, Inc., Class B | &nbsp;&nbsp;&nbsp; 572147 |
|  |  | &nbsp;&nbsp; 4054113 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.4% (Continued)** |  |
|  | **TRANSPORTATION EQUIPMENT - 1.5%** |  |
| 3523 | Cummins, Inc. | &nbsp;&nbsp;&nbsp; $2056974 |
|  | **TOTAL COMMON STOCKS (Cost $93,702,853)** | &nbsp;&nbsp; 135904559 |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENT — 0.6%** |  |
|  | **MONEY MARKET FUND - 0.6%** |  |
| 869902 | Federated Hermes Treasury Obligations Fund, Institutional Class, 3.55% (Cost $869,902)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 869902 |
|  | **TOTAL INVESTMENTS - 100.0% (Cost $94,572,755)** | &nbsp;&nbsp;&nbsp; $136774461 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.0%** | &nbsp;&nbsp; 49661 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $136824122 |

---

<sup>(a)</sup> Rate disclosed is the seven day effective yield as of February 28, 2026.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Zacks Trust

- **b. Investment Company Act file number:** 811-23435

- **c. CIK number of Registrant:** 0001760588

- **d. LEI of Registrant:** 549300OYEV0F3420ER30

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

  - **Street Address 1:** 227 West Monroe Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-265-9359

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

- **a. Name of Series:** Zacks Small-Cap Core Fund

- **b. EDGAR series identifier (if any):** S000081341

- **c. LEI of Series:** 529900M99CAU3KTPVB41

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-28

**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:** $35469824.22

**Total Liabilities:** $4670055.62

**Net Assets:** $30799768.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244049 | 1.08%                | 3.05%                | 1.26%                |
| Class ID C000244050 | 1.08%                | 3.08%                | 1.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-0.02                   | $331497.83                                 |
| Month 2  | $294930.03               | $645869.50                                 |
| Month 3  | $508281.88               | $-114029.20                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LifeStance Health Group Inc                | LIFESTANCE HEALT          | CUSIP: 53228F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45289 | NS      | $327892.36    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| One Liberty Properties Inc.                | ONE LIBERTY PROPERTIES IN | CUSIP: 682406103<br>LEI: 549300QII1CQZGZBZR14 | Long             | EC               | CORP              | US        |     19958 | NS      | $468813.42    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SI-BONE Inc.                               | SI-BONE INC               | CUSIP: 825704109<br>LEI: 549300J8JGYVJJHV9C31 | Long             | EC               | CORP              | US        |      7482 | NS      | $116120.64    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Spok Hldgs Inc                             | SPOK HOLDINGS IN          | CUSIP: 84863T106<br>LEI: 549300HXXANIVN2ICC89 | Long             | EC               | CORP              | US        |      4360 | NS      | $52930.40     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil States International, Inc.             | OIL STATES INTL           | CUSIP: 678026105<br>LEI: 5493004TF4KQJGMYL777 | Long             | EC               | CORP              | US        |     30260 | NS      | $396103.40    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NPK International Inc.                     | NPK INTERNATIONA          | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |     17862 | NS      | $257748.66    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Mission Produce Inc                        | MISSION PRODUCE           | CUSIP: 60510V108<br>LEI: 54930016JOKVFT59L825 | Long             | EC               | CORP              | US        |      5880 | NS      | $83437.20     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Liveramp Holdings Inc                      | LIVERAMP HOLDING          | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |      3620 | NS      | $98355.40     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital City Bank Group Inc.               | CAP CITY BANK             | CUSIP: 139674105<br>LEI: 254900NVLVUJQZKTQE82 | Long             | EC               | CORP              | US        |      9943 | NS      | $426007.84    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Proto Labs Inc                             | PROTO LABS INC            | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |      6400 | NS      | $397312.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| OppFi Inc                                  | OPPFI INC                 | CUSIP: 68386H103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38585 | NS      | $354210.30    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                           | STONEX GROUP INC          | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |      1854 | NS      | $236385.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Pangaea Logistics Solutions Ltd            | PANGAEA LOGISTIC          | CUSIP: G6891L105<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     10121 | NS      | $94631.35     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Intapp Inc                                 | INTAPP INC                | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8027 | NS      | $180045.61    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Varex Imaging Corporation                  | VAREX IMAGIN              | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Long             | EC               | CORP              | US        |     27701 | NS      | $364822.17    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Community West Bancshares                  | COMMUNITY WEST B          | CUSIP: 203937107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25300 | NS      | $587719.00    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| American Coastal Insurance Corp.           | AMERICAN COASTAL          | CUSIP: 910710102<br>LEI: 5299002P9105LJQA8G51 | Long             | EC               | CORP              | US        |     10590 | NS      | $120620.10    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Intrepid Potash Inc.                       | INTREPID POTASH           | CUSIP: 46121Y201<br>LEI: 549300OZ696E2PRRTO45 | Long             | EC               | CORP              | US        |      6716 | NS      | $248290.52    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Forestar Group Inc.                        | FORESTAR GROUP            | CUSIP: 346232101<br>LEI: 549300BC2UB0GHV60V70 | Long             | EC               | CORP              | US        |      9679 | NS      | $277980.88    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                | MAXIMUS INC               | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |      2408 | NS      | $182068.88    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                          | NEWMARK GROUP-A           | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31394 | NS      | $455840.88    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc.                                  | MOOG INC-CLASS A          | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |      1863 | NS      | $628632.09    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education, Inc.                   | LAUREATE EDUCATI          | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |      5058 | NS      | $163575.72    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CRA International Inc.                     | CRA INTERNATIONA          | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       918 | NS      | $158501.88    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BAR Harbour Banksh                         | BAR HARBOR BNKSH          | CUSIP: 066849100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1536 | NS      | $49551.36     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitime Corporation                         | SITIME CORP               | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       673 | NS      | $267773.24    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                               | BALCHEM CORP              | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |      2826 | NS      | $512721.18    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                              | FRONTDOOR INC             | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |      7330 | NS      | $502618.10    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HBT Financial Inc.                         | HBT FINANCIAL IN          | CUSIP: 404111106<br>LEI: 549300NTXD4Q6UK5BY66 | Long             | EC               | CORP              | US        |     22009 | NS      | $593362.64    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                       | TTM TECHNOLOGIES          | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |      6059 | NS      | $631590.16    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartFinancial Inc.                        | SMARTFINANCIAL I          | CUSIP: 83190L208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14995 | NS      | $587953.95    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Sierra Bancorp                             | SIERRA BANCORP            | CUSIP: 82620P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3510 | NS      | $126289.80    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Byline Bancorp Inc                         | BYLINE BANCORP I          | CUSIP: 124411109<br>LEI: 549300W7ODP4YL2H4823 | Long             | EC               | CORP              | US        |      2312 | NS      | $72134.40     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                                 | VICOR CORP                | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |       252 | NS      | $50752.80     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Everquote Inc                              | EVERQUOTE INC-A           | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14278 | NS      | $225592.40    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation           | CARPENTER TECH            | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      1611 | NS      | $641290.77    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Telos Corp                                 | TELOS CORP                | CUSIP: 87969B101<br>LEI: 549300P7ZDPL8UWNVI47 | Long             | EC               | CORP              | US        |     16685 | NS      | $67073.70     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Bancorp.                         | FIVE STAR BANCOR          | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |      3223 | NS      | $125471.39    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Third Coast Bancshares Inc.                | THIRD COAST BANC          | CUSIP: 88422P109<br>LEI: 254900LW0YOTBYSQCK19 | Long             | EC               | CORP              | US        |       762 | NS      | $30182.82     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Backblaze Inc                              | BACKBLAZE INC-A           | CUSIP: 05637B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19900 | NS      | $74824.00     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Phibro Animal Health Corporation           | PHIBRO ANIMAL-A           | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |     10985 | NS      | $599671.15    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                              | MATERION CORP             | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |      2244 | NS      | $365906.64    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NWPX Infrastructure Inc.                   | NWPX INFRASTRUCT          | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |      5876 | NS      | $455977.60    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Accel Entertainment Inc                    | ACCEL ENTERTAINMENT INC   | CUSIP: 00436Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21500 | NS      | $244240.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanfilippo(John B)                         | JOHN B SANFILIPP          | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |       701 | NS      | $57909.61     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Company               | CENTRAL GARDEN-A          | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |      3655 | NS      | $126243.70    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercantile Bank Corp.                      | MERCANTILE BANK           | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |      6923 | NS      | $357642.18    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| South Plains Financial Inc.                | SOUTH PLAINS FIN          | CUSIP: 83946P107<br>LEI: 549300SNEBP48642N493 | Long             | EC               | CORP              | US        |     14019 | NS      | $574218.24    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Nlight Inc.                                | NLIGHT INC                | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7005 | NS      | $393610.95    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc                           | MOVADO GROUP              | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |      5653 | NS      | $141042.35    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc                       | PALOMAR HOLDINGS          | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |       180 | NS      | $22267.80     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd                  | LIBERTY LATI-A            | CUSIP: G9001E102<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | BM        |     67262 | NS      | $527334.08    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Hometrust Bancshares Inc.                  | HOMETRUST BANCSH          | CUSIP: 437872104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7139 | NS      | $300837.46    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Shore Bancshares Inc.                      | SHORE BANCSHARES INC      | CUSIP: 825107105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25613 | NS      | $475889.54    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                   | COMFORT SYSTEMS           | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       448 | NS      | $640357.76    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| InnovAge Holding Corp.                     | INNOVAGE HOLDING          | CUSIP: 45784A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35907 | NS      | $321726.72    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke and Soffa Industries, Inc.         | KULICKE & SOFFA           | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |      5645 | NS      | $393569.40    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Nelnet Inc.                                | NELNET INC-CL A           | CUSIP: 64031N108<br>LEI: 549300T6B0Q52I6OM558 | Long             | EC               | CORP              | US        |      2562 | NS      | $331676.52    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp.                       | FED SIGNAL CORP           | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |      4706 | NS      | $547919.58    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Rapport Therapeutics Inc                   | RAPPORT THERAPEU          | CUSIP: 75383L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6181 | NS      | $179434.43    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Sight Sciences Inc                         | SIGHT SCIENCES I          | CUSIP: 82657M105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7078 | NS      | $36522.48     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank7 Corp                                 | BANK7 CORP                | CUSIP: 06652N107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4928 | NS      | $200471.04    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimball Electronics Inc.                   | KIMBALL ELECTRON          | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |       330 | NS      | $8246.70      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardian Pharmacy Services Inc.            | GUARDIAN PHARM-A          | CUSIP: 40145W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11348 | NS      | $380271.48    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulse Biosciences Inc.                     | PULSE BIOSCIENCE          | CUSIP: 74587B101<br>LEI: 529900NJUBI06118FM73 | Long             | EC               | CORP              | US        |      5927 | NS      | $111012.71    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc.              | WATTS WATER TE-A          | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |      1471 | NS      | $483576.54    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co                             | GORMAN-RUPP CO            | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |      2956 | NS      | $189863.88    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ponce Financial Group Inc                  | PONCE FINANCIAL           | CUSIP: 732344106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36681 | NS      | $596066.25    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Group Sghc Limited                   | SUPER GROUP SGHC          | CUSIP: G8588X103<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |     15600 | NS      | $166920.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd         | CREDO TECHNOLOGY          | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      4468 | NS      | $501622.36    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                    | AZZ INC                   | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      4207 | NS      | $572067.86    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group Inc.                             | PRA GROUP INC             | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |     13637 | NS      | $214782.75    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Paysign Inc                                | PAYSIGN INC               | CUSIP: 70451A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24725 | NS      | $87773.75     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                    | ENERSYS                   | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |       684 | NS      | $113646.60    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Company                       | HECLA MINING CO           | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     22969 | NS      | $572157.79    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Business Travel Group inc           | GLOBAL BUSINESS           | CUSIP: 37890B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83736 | NS      | $458035.92    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                                | GRAHAM CORP               | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |      3923 | NS      | $318626.06    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EverCommerce Inc                           | EVERCOMMERCE INC          | CUSIP: 29977X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37570 | NS      | $431303.60    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp.                         | FB FINANCIAL COR          | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |      4323 | NS      | $236424.87    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Indivior Pharmaceuticals Inc.              | INDIVIOR PHARMAC          | CUSIP: 45579U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6785 | NS      | $222005.20    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                   | RESIDEO TECHN             | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |      7075 | NS      | $273802.50    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Envela Corporation                         | ENVELA CORP               | CUSIP: 29402E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35270 | NS      | $474734.20    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                                | ALLIENT INC               | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |      9654 | NS      | $635619.36    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                                    | V2X INC                   | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4220 | NS      | $294345.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Insurance Holdings Inc           | UNIVERSAL INSURA          | CUSIP: 91359V107<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | EC               | CORP              | US        |       836 | NS      | $29402.12     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| United Fire Group Inc                      | UNITED FIRE GROU          | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15518 | NS      | $603029.48    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Formfactor Inc                             | FORMFACTOR INC            | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |      4293 | NS      | $424491.84    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc.                | HURON CONSULTING          | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      3435 | NS      | $485709.00    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Appian Corporation                         | APPIAN CORP-A             | CUSIP: 03782L101<br>LEI: 529900NIARIFW7HGU386 | Long             | EC               | CORP              | US        |     11700 | NS      | $312039.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc.                     | ESCO TECH INC             | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |      1936 | NS      | $536833.44    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Coursera Inc                               | COURSERA                  | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               | CORP              | US        |      4940 | NS      | $31665.40     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc.                                 | ADEIA INC                 | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5730 | NS      | $118553.70    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group Plc                            | MAREX GROUP PLC           | CUSIP: G5S37H101<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |      3500 | NS      | $152110.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Minds Biosciences Inc               | BRIGHT MINDS BIO          | CUSIP: 10919W405<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |       293 | NS      | $24559.26     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Missouri Bancorp Inc.             | SOUTHERN MISSOUR          | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6020 | NS      | $372698.20    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Quad/Graphics Inc.                         | QUAD GRAPHICS IN          | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               | CORP              | US        |     38165 | NS      | $263720.15    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of N.T. Butterfield & Son Limited | BANK NT BUTTERFI          | CUSIP: G0772R208<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |      2684 | NS      | $136213.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies, Inc.                     | SPX TECHNOLOGIES          | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2743 | NS      | $622496.42    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanticus Holdings Corp.                  | ATLANTICUS HOLDI          | CUSIP: 04914Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3293 | NS      | $172256.83    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Lendingtree Inc                            | LENDINGTREE INC           | CUSIP: 52603B107<br>LEI: 549300ISY5YHUJZTON08 | Long             | EC               | CORP              | US        |      1700 | NS      | $63529.00     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

**Name of Applicant:** Zacks Trust

**Signature:** Edward Kelly

**Name of Signer:** Edward Kelly

**Title:** Assistant Treasurer