# EDGAR Filing Document

**Accession Number:** 0001699360
**File Stem:** 0002066578-25-001986
**Filing Date:** 2025-12
**Character Count:** 190943
**Document Hash:** dcb99e661a093b839eac34c7889e3c6d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-001986.hdr.sgml**: 20251216

**ACCESSION NUMBER**: 0002066578-25-001986

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251216

**DATE AS OF CHANGE**: 20251216

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morningstar Funds Trust
- **CENTRAL INDEX KEY:** 0001699360

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23235
- **FILM NUMBER:** 251574346

**BUSINESS ADDRESS:**
- **STREET 1:** 22 W. WASHINGTON STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602
- **BUSINESS PHONE:** 312-696-6000

**MAIL ADDRESS:**
- **STREET 1:** 22 W. WASHINGTON STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602

## Series and Classes Contracts Data

### Morningstar U.S. Equity Fund (Series ID: S000057727)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000186138 | Institutional | MSTQX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Morningstar Funds Trust

- **b. Investment Company Act file number:** 811-23235

- **c. CIK number of Registrant:** 0001699360

- **d. LEI of Registrant:** 254900AE65UZA65M0T82

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

  - **Street Address 1:** 22 W. WASHINGTON STREET

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60602

  - **Telephone number:** 312-696-6000

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

- **a. Name of Series:** Morningstar U.S. Equity Fund

- **b. EDGAR series identifier (if any):** S000057727

- **c. LEI of Series:** 254900C0NBEPQBRBON27

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1863775417.03

**Total Liabilities:** $1360662.17

**Net Assets:** $1862414754.86

**Cash Not Reported:** $4248.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186138 | 2.07%                | 2.10%                | 0.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1745904.68              | $34599978.65                               |
| Month 2  | $170012180.42            | $-132544099.07                             |
| Month 3  | $15921592.67             | $-4689704.47                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Air Products & Chemicals, Inc.               | Air Products & Chemicals, Inc. COM USD1                               | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     12478 | NS      | $3027038.02   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA Corp. COM USD0.001                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     91387 | NS      | $18504953.63  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                  | AvalonBay Communities, Inc. COM USD0.01                               | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     17589 | NS      | $3059078.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc.                    | Agilent Technologies Inc. COM USD0.01                                 | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     14196 | NS      | $2077726.56   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Clorox Company                           | The Clorox Company COM USD1.00                                        | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |     27864 | NS      | $3133585.44   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corporation             | Edwards Lifesciences Corporation COM USD1                             | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     23061 | NS      | $1901379.45   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                     | CDW Corp COM USD0.01                                                  | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      5528 | NS      | $880997.36    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                                   | Chubb Ltd. ORD CHF24.15                                               | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     21356 | NS      | $5914330.64   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                          | Danaher Corporation COM USD0.01                                       | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     25845 | NS      | $5566496.10   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                                 | Target Corp. COM STK USD0.0833                                        | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     19657 | NS      | $1822597.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                            | Hamilton Lane Inc COM USD0.001 CL A                                   | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      1323 | NS      | $150769.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                    | Janus Henderson Group PLC ORD USD1.50                                 | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |     29898 | NS      | $1302356.88   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | Bank of America Corp. COM USD0.01                                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     35448 | NS      | $1894695.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc.                                 | Equifax Inc. COM USD1.25                                              | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      9967 | NS      | $2104033.70   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                           | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    726862 | NS      | $726862.13    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc             | Mettler-Toledo International Inc COM USD0.01                          | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       634 | NS      | $897927.86    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                      | Berkshire Hathaway Inc. COM USD0.0033 CLASS'B'                        | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     11927 | NS      | $5695619.58   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                       | Truist Financial Corp. COM                                            | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     39713 | NS      | $1772391.19   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                           | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    619892 | NS      | $619892.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Jack & Associates Inc.                 | Henry Jack & Associates Inc. COM USD0.01                              | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      6719 | NS      | $1000727.86   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.               | Air Products & Chemicals, Inc. COM USD1                               | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      1448 | NS      | $351270.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                     | American Express Company COM USD0.20                                  | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     29907 | NS      | $10788352.11  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                           | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |     12675 | NS      | $12675.29     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| The Estee Lauder Companies Inc.              | The Estee Lauder Companies Inc. COM USD0.01 CLASS A                   | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     41447 | NS      | $4007510.43   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                          | Fifth Third Bancorp COM NPV                                           | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     46421 | NS      | $1932042.02   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                           | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |       500 | NS      | $500.01       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                            | SPDR Series Trust SPDR S&P600 SMLL CAP VALUE                          | CUSIP: 78464A300<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    400624 | NS      | $35391124.16  | 1.90%             |  |  |  | No            |                  1 | On Loan: —       |
| The Kraft Heinz Co.                          | The Kraft Heinz Co. COM USD0.01                                       | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     80560 | NS      | $1992248.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                               | S&P Global Inc COM USD1                                               | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      7428 | NS      | $3618995.88   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                   | Diageo PLC ORD GBP0.28 101/108                                        | CUSIP: G42089113<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |     47691 | NS      | $1096976.85   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group PLC                  | Reckitt Benckiser Group PLC ORD GBP0.10                               | CUSIP: G74079107<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |     32450 | NS      | $2482071.03   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                   | Constellation Brands, Inc. COM USD0.01 CLASS A                        | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |     38494 | NS      | $5057341.72   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                          | General Mills, Inc. COM USD0.10                                       | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     41787 | NS      | $1947692.07   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                           | Henry Schein, Inc. COM USD0.01                                        | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |      8787 | NS      | $555338.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Idex Corporation                             | Idex Corporation COM USD0.01                                          | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      6535 | NS      | $1120491.10   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                           | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |       906 | NS      | $906.18       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co.                                 | Moelis & Co. COM USD0.01 CL'A'                                        | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     29019 | NS      | $1837773.27   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                            | Hamilton Lane Inc COM USD0.001 CL A                                   | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      9416 | NS      | $1073047.36   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                             | Healthequity Inc COM USD0.0001                                        | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     39367 | NS      | $3723330.86   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                                | Valvoline Inc USD0.01                                                 | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     53735 | NS      | $1773792.35   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Halliburton Company                          | Halliburton Company COM USD2.50                                       | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     80637 | NS      | $2164297.08   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                          | Global Payments Inc COM NPV                                           | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     31132 | NS      | $2420824.32   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                           | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   2045002 | NS      | $2045001.87   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                            | SPDR Series Trust SPDR PORTFOLIO S&P 600 SMAL                         | CUSIP: 78468R853<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    768969 | NS      | $35311056.48  | 1.90%             |  |  |  | No            |                  1 | On Loan: —       |
| Dollar General Corporation                   | Dollar General Corporation COM USD0.875                               | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |       916 | NS      | $90372.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                        | NXP Semiconductors NV EUR0.20                                         | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     15216 | NS      | $3181969.92   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                       | Trane Technologies PLC COM USD1                                       | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      2649 | NS      | $1188473.85   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                          | Dominion Energy Inc COM STK NPV                                       | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    111755 | NS      | $6558900.95   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| S&P Global Inc                               | S&P Global Inc COM USD1                                               | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      9585 | NS      | $4669907.85   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                    | Airbus SE UNSPON ADR EA REPR 0.25 ORD                                 | CUSIP: 009279100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |     88433 | NS      | $5429786.20   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Federal Signal Corp.                         | Federal Signal Corp. COM USD1                                         | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     21706 | NS      | $2561959.18   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation                 | General Dynamics Corporation COM USD1.00                              | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     23950 | NS      | $8260355.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                   | Standex International Corp COM USD1.50                                | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      5757 | NS      | $1342705.11   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Wingstop Inc                                 | Wingstop Inc COM USD0.01                                              | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      4408 | NS      | $954905.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Best Buy Co Inc.                             | Best Buy Co Inc. COM USD0.10                                          | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     13554 | NS      | $1113325.56   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corporation                            | Cabot Corporation COM USD1                                            | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |      5882 | NS      | $396917.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Siteone Landscape Supply Inc                 | Siteone Landscape Supply Inc COM USD0.01                              | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |     16074 | NS      | $2085922.98   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                        | Medpace Holdings Inc. COM USD0.01                                     | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |      4303 | NS      | $2516867.73   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc                           | Cohen & Steers Inc COM USD0.01                                        | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |     12260 | NS      | $837603.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                             | RBC Bearings Inc COM STK USD0.01                                      | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7558 | NS      | $3238829.74   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corporation                             | Pool Corporation COM USD0.001                                         | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      4513 | NS      | $1205241.78   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                     | Saia Inc COM USD0.001                                                 | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      4555 | NS      | $1332337.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                               | Five Below Inc COM USD0.01                                            | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      9976 | NS      | $1568925.52   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                              | Q2 Holdings Inc COM USD0.0001                                         | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     18138 | NS      | $1120202.88   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Floor And Decor Holding Inc.                 | Floor And Decor Holding Inc. COM USD0.001 CL A                        | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |     15464 | NS      | $966190.72    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Camtek Limited                               | Camtek Limited ILS0.01                                                | CUSIP: M20791105<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | IL        |     20515 | NS      | $2540167.30   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Nestle SA                                    | Nestle SA CHF0.10 (REGD)                                              | CUSIP: H57312649<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     24351 | NS      | $2326700.57   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| NXP Semiconductors NV                        | NXP Semiconductors NV EUR0.20                                         | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     21815 | NS      | $4561952.80   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.                     | SBA Communications Corp. COM USD0.01 CL A                             | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      9344 | NS      | $1789189.12   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                              | Fox Corporation COM USD0.01 CL A                                      | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     84079 | NS      | $5435707.35   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc.                    | Lennox International Inc. COM USD0.01                                 | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |       297 | NS      | $149985.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                         | Federated Hermes Inc COM NPV CLASS B                                  | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |     21848 | NS      | $1059191.04   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                | Equinix, Inc. COM USD0.001                                            | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      5978 | NS      | $5057447.78   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                        | Monster Beverage Corp COM USD0.005                                    | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     66942 | NS      | $4473733.86   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc                        | ICF International Inc COM STK USD0.001                                | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |     18269 | NS      | $1466635.32   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc                             | Ensign Group Inc COM USD0.001                                         | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     17988 | NS      | $3239638.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA Corp. COM USD0.001                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    129504 | NS      | $26223264.96  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Autozone, Inc.                               | Autozone, Inc. COM USD0.01                                            | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       525 | NS      | $1929075.75   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                                 | Freshpet Inc COM USD0.001                                             | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |     16959 | NS      | $834552.39    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                  | Novanta Inc COM NPV                                                   | CUSIP: 67000B104<br>LEI: 549300NBPHPTUPTS8070 | Long             | EC               | CORP              | CA        |      8609 | NS      | $1093429.09   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Fabrinet                                     | Fabrinet COM USD0.01                                                  | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      7119 | NS      | $3136417.83   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollies Bargain Outlet Holdings Inc.          | Ollies Bargain Outlet Holdings Inc. COM USD0.001                      | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     20388 | NS      | $2463074.28   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| CSW Industrials Inc.                         | CSW Industrials Inc. COM USD0.01                                      | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |      4898 | NS      | $1226557.16   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| D.R. Horton, Inc.                            | D.R. Horton, Inc. COM USD0.01                                         | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      4012 | NS      | $598108.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| J. B. Hunt Transport Services, Inc.          | J. B. Hunt Transport Services, Inc. COM USD0.01                       | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |      1009 | NS      | $170379.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dupont De Nemours Inc                        | Dupont De Nemours Inc COM USD0.01                                     | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     23067 | NS      | $1883420.55   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                           | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |     83335 | NS      | $83334.59     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings, Inc.               | Victory Capital Holdings, Inc. COM USD0.01 CL A                       | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |      1365 | NS      | $84998.55     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Fox Corporation                              | Fox Corporation COM USD0.01 CL A                                      | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     20144 | NS      | $1302309.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| US Physical Therapy Inc                      | US Physical Therapy Inc COM USD0.01                                   | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |      5919 | NS      | $510632.13    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                             | Donaldson Co Inc COM USD5                                             | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |      9600 | NS      | $808800.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corporation                            | Dover Corporation COM USD1.00                                         | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      3365 | NS      | $610612.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                    | eBay Inc. COM USD0.001                                                | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      9828 | NS      | $799114.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                  | ResMed Inc. COM USD0.004                                              | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |       782 | NS      | $193060.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                          | General Mills, Inc. COM USD0.10                                       | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     14311 | NS      | $667035.71    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                    | Graco Inc COM USD1                                                    | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     11588 | NS      | $947550.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Company                          | Halliburton Company COM USD2.50                                       | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |      4326 | NS      | $116109.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                            | Hershey Co. (The) COM USD1.00                                         | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      4442 | NS      | $753496.46    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                            | Hormel Foods Corp COM USD0.0586                                       | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     28323 | NS      | $611493.57    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                           | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    247327 | NS      | $247327.09    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | Apple Inc. COM USD0.00001                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     78199 | NS      | $21142663.63  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods, Inc.                          | Flowers Foods, Inc. COM USD0.01                                       | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |     22615 | NS      | $269796.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Eastgroup Properties, Inc.                   | Eastgroup Properties, Inc. COM USD0.0001                              | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |       666 | NS      | $116236.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                                 | La-Z-Boy Inc COM USD1                                                 | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     31792 | NS      | $1007806.40   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Moog Inc.                                    | Moog Inc. CLASS'A'L/VTG COM USD1                                      | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |       530 | NS      | $108570.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.                    | Rockwell Automation, Inc. COM USD1                                    | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      3479 | NS      | $1281524.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                           | SEI Investments Co COM USD0.01                                        | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     15671 | NS      | $1263239.31   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                                | U.S. Bancorp. COM USD0.01                                             | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     91419 | NS      | $4267438.92   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                | Chevron Corp. COM USD0.75                                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11964 | NS      | $1886962.08   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE Energy Inc.                              | MGE Energy Inc. COM USD1                                              | CUSIP: 55277P104<br>LEI: 549300BYWGHSXX2TEO67 | Long             | EC               | CORP              | US        |      4631 | NS      | $383770.97    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith(Ao)Corp                                | Smith(Ao)Corp COM USD1                                                | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     12406 | NS      | $818671.94    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-On Incorporated                         | Snap-On Incorporated COM USD1                                         | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      2800 | NS      | $939540.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                         | Tradeweb Markets Inc COM USD0.00001 CL A                              | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       807 | NS      | $85049.73     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                                | Frontdoor Inc COM USD0.01                                             | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |      7884 | NS      | $523734.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellanova                                    | Kellanova COM USD0.25                                                 | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |      1214 | NS      | $100834.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc.                         | Thor Industries Inc. COM USD0.10                                      | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |       875 | NS      | $91306.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| The Interpublic Group of Companies, Inc.     | The Interpublic Group of Companies, Inc. COM USD0.10                  | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |     41273 | NS      | $1059065.18   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Company, Incorporated            | McCormick & Company, Incorporated COM NPV                             | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |      8571 | NS      | $549915.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Price T Rowe Group Inc.                      | Price T Rowe Group Inc. COM USD0.20                                   | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     17022 | NS      | $1745265.66   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corporation              | United Therapeutics Corporation COM USD0.01                           | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      1053 | NS      | $469037.79    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances Inc.      | International Flavors & Fragrances Inc. COM USD0.125                  | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |     62432 | NS      | $3931343.04   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson COM USD1.00                                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     38534 | NS      | $7277916.58   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                            | Masco Corporation COM USD1.00                                         | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     29513 | NS      | $1911261.88   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corporation                   | Avery Dennison Corporation COM USD1                                   | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      2752 | NS      | $481297.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corporation              | United Therapeutics Corporation COM USD0.01                           | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      2432 | NS      | $1083285.76   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                           | Coca-Cola Co (The) COM USD0.25                                        | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     18002 | NS      | $1240337.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                        | Colgate-Palmolive Co. COM USD1.00                                     | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     50416 | NS      | $3884552.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                                 | Nordson Corp COM NPV                                                  | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      3604 | NS      | $835947.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                               | Verisign, Inc. COM USD0.001                                           | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      4177 | NS      | $1001644.60   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                             | Genuine Parts Co COM USD1.00                                          | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      2234 | NS      | $284410.54    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                                   | Heico Corp COM USD0.01                                                | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |       579 | NS      | $183988.83    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                         | Steel Dynamics, Inc. COM STK USD0.01                                  | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      6955 | NS      | $1090544.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                      | ITT Inc COM USD1.00                                                   | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |      2955 | NS      | $546881.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corporation                           | Chemed Corporation CAP USD1                                           | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |       863 | NS      | $372211.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc.                          | Houlihan Lokey Inc. COM USD0.001 A                                    | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |       464 | NS      | $83093.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                       | HP Inc COM USD0.01                                                    | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     47029 | NS      | $1301292.43   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Incorporated                         | Hubbell Incorporated COM USD0.001                                     | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |       894 | NS      | $420180.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                  | Pfizer Inc. COM USD0.05                                               | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    209421 | NS      | $5162227.65   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                         | PPG Industries, Inc. COM USD1.666                                     | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     30976 | NS      | $3027904.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                           | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |     66080 | NS      | $66079.69     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA Corp. COM USD0.001                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    249788 | NS      | $50579572.12  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                     | Manhattan Associates Inc COM USD0.01                                  | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |      7561 | NS      | $1376631.27   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Moodys Corp.                                 | Moodys Corp. COM USD0.01                                              | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     18580 | NS      | $8923974.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana Pacific Corporation                | Louisiana Pacific Corporation COM USD1.00                             | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      4509 | NS      | $392778.99    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                  | Rollins Inc COM USD1                                                  | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     10500 | NS      | $604905.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                    | eBay Inc. COM USD0.001                                                | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      4610 | NS      | $374839.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation                 | General Dynamics Corporation COM USD1.00                              | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     24180 | NS      | $8339682.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                   | Intuit Inc COM USD0.01                                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     12384 | NS      | $8266939.20   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | Broadcom Inc COM USD0.001                                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     20504 | NS      | $7578893.52   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                        | Align Technology Inc. COM USD0.0001                                   | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |     13237 | NS      | $1825117.56   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Idex Corporation                             | Idex Corporation COM USD0.01                                          | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |     10937 | NS      | $1875258.02   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                         | Tri Pointe Homes Inc COM USD0.01                                      | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32793 | NS      | $1044457.05   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                             | Boise Cascade Co COM USD0.01                                          | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     10147 | NS      | $715262.03    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                        | Uber Technologies Inc COM USD0.00001                                  | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     69815 | NS      | $6737147.50   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                    | RTX Corp. COM                                                         | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     31359 | NS      | $5597581.50   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                     | CDW Corp COM USD0.01                                                  | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |       754 | NS      | $120164.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                               | Blackrock Inc. COM                                                    | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      2636 | NS      | $2854287.16   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc            | Allison Transmission Holdings Inc COM USD0.01                         | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     11974 | NS      | $988453.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                  | Workday Inc COM USD0.001 CL A                                         | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     11905 | NS      | $2856247.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com, Inc. COM USD0.01                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     50471 | NS      | $12326027.62  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                    | Adobe Inc COM USD0.0001                                               | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     12165 | NS      | $4139871.15   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                    | Adobe Inc COM USD0.0001                                               | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      1216 | NS      | $413816.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                 | Honeywell International Inc. COM USD1                                 | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     46563 | NS      | $9374528.79   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                   | Amgen Inc. COM USD0.0001                                              | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     12116 | NS      | $3615777.88   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptargroup Inc.                              | Aptargroup Inc. COM USD0.01                                           | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |      5407 | NS      | $627266.07    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | Apple Inc. COM USD0.00001                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     98659 | NS      | $26674433.83  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | Apple Inc. COM USD0.00001                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     43014 | NS      | $11629695.18  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                       | Applied Materials Inc. COM USD0.01                                    | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      8136 | NS      | $1896501.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                       | Applied Materials Inc. COM USD0.01                                    | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     32542 | NS      | $7585540.20   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Jack & Associates Inc.                 | Henry Jack & Associates Inc. COM USD0.01                              | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      2641 | NS      | $393350.54    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Autoliv Inc.                                 | Autoliv Inc. COM USD1.00                                              | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | US        |       787 | NS      | $91921.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International, Inc.                   | Baxter International, Inc. COM USD1.00                                | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |    172587 | NS      | $3187681.89   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company                | Becton, Dickinson and Company COM USD1.00                             | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     17212 | NS      | $3075956.52   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ametek, Inc.                                 | Ametek, Inc. COM USD0.01                                              | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      4912 | NS      | $992764.32    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                  | Verizon Communications Inc. COM USD0.10                               | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    100525 | NS      | $3994863.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Block(H&R)Inc                                | Block(H&R)Inc COM NPV                                                 | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     16692 | NS      | $830260.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Choice Hotels International, Inc.            | Choice Hotels International, Inc. COM USD.01                          | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |      3257 | NS      | $302770.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| The Boeing Company                           | The Boeing Company COM USD5.00                                        | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      8178 | NS      | $1643941.56   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc.                              | BorgWarner Inc. COM USD0.01                                           | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     22618 | NS      | $971669.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc.                     | Illinois Tool Works Inc. COM USD0.01                                  | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     21271 | NS      | $5188422.32   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                   | Intuit Inc COM USD0.01                                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1019 | NS      | $680233.45    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc.                                  | Acuity Inc. COM STK USD0.01                                           | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3079 | NS      | $1123988.95   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                                 | Balchem Corp COM USD0.0666                                            | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |       606 | NS      | $92954.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.         | Cognizant Technology Solutions Corp. COM CL A USD0.01                 | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     52689 | NS      | $3839974.32   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company                 | Bristol-Myers Squibb Company COM USD0.10                              | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     50527 | NS      | $2327778.89   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                   | Oneok Inc. COM USD0.01                                                | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     31620 | NS      | $2118540.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation                     | Devon Energy Corporation COM USD0.10                                  | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     57027 | NS      | $1852807.23   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                               | Verisign, Inc. COM USD0.001                                           | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      1495 | NS      | $358501.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                         | Amphenol Corporation CL'A'COM USD0.001                                | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     84524 | NS      | $11777574.16  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp.                           | Brown-Forman Corp. COM USD0.15 CLASS B                                | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     22515 | NS      | $613083.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Brown-Forman Corp.                           | Brown-Forman Corp. COM USD0.15 CLASS B                                | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     98342 | NS      | $2677852.66   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Brown-Forman Corp.                           | Brown-Forman Corp. COM USD0.15 CLASS B                                | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     43098 | NS      | $1173558.54   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Tyler Technologies Inc.                      | Tyler Technologies Inc. COM USD0.01                                   | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |       174 | NS      | $82869.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                              | CSX Corporation COM USD1                                              | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     58650 | NS      | $2112573.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Campbells Co.                            | The Campbells Co. CAP USD0.0375                                       | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     87866 | NS      | $2647402.58   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                  | United Parcel Service, Inc. CLASS'B'COM USD0.01                       | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     21252 | NS      | $2049117.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                           | Cirrus Logic, Inc. COM USD0.001                                       | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      5972 | NS      | $792185.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corporation of America             | Packaging Corporation of America COM USD0.01                          | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      2575 | NS      | $504082.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corporation                              | CTS Corporation COM NPV                                               | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |      2316 | NS      | $96137.16     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                         | Curtiss-Wright Corp. COM USD1                                         | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |       957 | NS      | $570113.61    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                            | Omnicom Group Inc COM USD0.15                                         | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     17296 | NS      | $1297545.92   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Omnicom Group Inc                            | Omnicom Group Inc COM USD0.15                                         | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     58249 | NS      | $4369839.98   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Omnicom Group Inc                            | Omnicom Group Inc COM USD0.15                                         | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     38854 | NS      | $2914827.08   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Illumina Inc                                 | Illumina Inc COM USD0.01                                              | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |     29893 | NS      | $3692981.22   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                       | ON Semiconductor Corp. COM USD0.01                                    | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     55049 | NS      | $2756853.92   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                       | ON Semiconductor Corp. COM USD0.01                                    | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |      1969 | NS      | $98607.52     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc.                                  | Fiserv Inc. COM USD0.01                                               | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     13257 | NS      | $884109.33    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                   | Zimmer Biomet Holdings Inc COM USD0.01                                | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     17255 | NS      | $1735162.80   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Centene Corp.                                | Centene Corp. COM USD0.001                                            | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     52788 | NS      | $1867111.56   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Price T Rowe Group Inc.                      | Price T Rowe Group Inc. COM USD0.20                                   | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     44139 | NS      | $4525571.67   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.              | Regeneron Pharmaceuticals, Inc. COM USD0.001                          | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       750 | NS      | $488850.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                       | Roper Technologies Inc COM USD0.01                                    | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      8456 | NS      | $3772644.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                     | Skyworks Solutions, Inc. COM USD0.25                                  | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     22766 | NS      | $1769373.52   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                           | SEI Investments Co COM USD0.01                                        | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     20483 | NS      | $1651134.63   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                       | Texas Instruments Inc. COM USD1.00                                    | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     25368 | NS      | $4095917.28   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation                 | Stifel Financial Corporation COM USD0.15                              | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |       837 | NS      | $99125.91     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                   | Sensient Technologies Corp COM USD0.10                                | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |      5078 | NS      | $478804.62    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                  | Walmart Inc COM USD0.10                                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     54792 | NS      | $5543854.56   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corporation                           | Waters Corporation COM USD0.01                                        | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      4386 | NS      | $1533345.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                | Accenture PLC CLS'A'USD0.0000225                                      | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     33590 | NS      | $8400859.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                               | Ziff Davis Inc COM USD0.001                                           | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     33291 | NS      | $1128564.90   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Artisan Partners Asset Management Inc.       | Artisan Partners Asset Management Inc. COM USD0.01 CL'A'              | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     35162 | NS      | $1535172.92   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Old Dominion Freight Line Inc.               | Old Dominion Freight Line Inc. COM USD0.10                            | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      1273 | NS      | $178754.66    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                 | Costco Wholesale Corporation COM USD0.01                              | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1118 | NS      | $1019001.10   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc.                 | Raymond James Financial Inc. COM USD0.01                              | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     17760 | NS      | $2817979.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation                    | Realty Income Corporation COM USD1                                    | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     62049 | NS      | $3597601.02   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp.                               | Middleby Corp. COM USD0.01                                            | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |      3822 | NS      | $474807.06    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                   | Biogen Inc COM USD0.0005                                              | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |       649 | NS      | $100121.23    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                   | Biogen Inc COM USD0.0005                                              | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |     18130 | NS      | $2796915.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                         | Eagle Materials Inc. COM USD0.01                                      | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      1825 | NS      | $387484.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| G III Apparel Group Ltd                      | G III Apparel Group Ltd COM USD0.01                                   | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |     30142 | NS      | $809312.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmarket Corporation                        | Newmarket Corporation COM NPV                                         | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |       114 | NS      | $87540.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc               | Fortune Brands Innovations Inc USD0.01                                | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |      9131 | NS      | $463854.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corporation                             | Lear Corporation COM USD0.01                                          | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |       885 | NS      | $92615.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion PLC                                 | Allegion PLC COM USD0.01                                              | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |      5877 | NS      | $974230.29    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                   | Nasdaq Inc COM USD0.01                                                | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      4445 | NS      | $380003.05    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                   | Nasdaq Inc COM USD0.01                                                | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      6166 | NS      | $527131.34    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Winmark Corp.                                | Winmark Corp. COM NPV                                                 | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2025 | NS      | $816419.25    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.          | Broadridge Financial Solutions Inc. COM USD0.01                       | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      2902 | NS      | $639600.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                               | Blackrock Inc. COM                                                    | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      9915 | NS      | $10736061.15  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                          | Arista Networks Inc COM SHS                                           | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     50151 | NS      | $7908311.19   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc.                              | Photronics Inc. COM USD0.01                                           | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     71846 | NS      | $1717119.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                                  | Plexus Corp COM USD0.01                                               | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |      4089 | NS      | $572051.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd.                                 | Genpact Ltd. COM STK USD0.01                                          | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |      4986 | NS      | $190215.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                     | Visa Inc COM STK USD0.0001                                            | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     52370 | NS      | $17844553.80  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                                  | NetApp Inc. COM USD0.001                                              | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      4281 | NS      | $504216.18    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Incorporated                       | Ingredion Incorporated COM USD0.01                                    | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      3449 | NS      | $398049.09    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                         | Emerson Electric Co. COM USD0.50                                      | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     84386 | NS      | $11777754.02  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                           | EOG Resources Inc. COM USD0.01                                        | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      3553 | NS      | $376049.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentherm Inc                                 | Gentherm Inc COM NPV                                                  | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |      9074 | NS      | $333923.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                 | Mondelez International, Inc. COM NPV                                  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      6870 | NS      | $394750.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.                    | Akamai Technologies, Inc. COM USD0.01                                 | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |      2038 | NS      | $153053.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc.                    | Agilent Technologies Inc. COM USD0.01                                 | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |      2294 | NS      | $335749.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| The Clorox Company                           | The Clorox Company COM USD1.00                                        | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      5252 | NS      | $590639.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc.                                 | Equifax Inc. COM USD1.25                                              | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |       394 | NS      | $83173.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc.                | FactSet Research Systems Inc. COM USD0.01                             | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      3065 | NS      | $817742.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                       | Fair Isaac Corporation COM USD0.01                                    | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |        61 | NS      | $101231.33    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                 | Fastenal Co. COM USD0.01                                              | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     24698 | NS      | $1016322.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp. COM USD0.00000625                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     27622 | NS      | $14302947.82  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                     | Skyworks Solutions, Inc. COM USD0.25                                  | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     19596 | NS      | $1523001.12   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation               | The Charles Schwab Corporation COM USD0.01                            | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     60095 | NS      | $5680179.40   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                              | Eli Lilly & Co. COM NPV                                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       564 | NS      | $486653.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P.            | Enterprise Products Partners L.P. COM UNITS REP LIM PART INT          | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     36838 | NS      | $1134242.02   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Grainger W W Inc                             | Grainger W W Inc COM USD0.50                                          | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      1922 | NS      | $1881638.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc.                     | Illinois Tool Works Inc. COM USD0.01                                  | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     15528 | NS      | $3787589.76   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                                 | Innoviva Inc COM USD0.01                                              | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     42850 | NS      | $779870.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corporation                          | Fortive Corporation COM USD0.01                                       | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |      7731 | NS      | $389178.54    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                            | Brown & Brown Inc COM USD0.10                                         | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      1025 | NS      | $81733.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                         | PPG Industries, Inc. COM USD1.666                                     | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      8800 | NS      | $860200.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson COM USD1.00                                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     47526 | NS      | $8976235.62   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corporation                   | Kimberly-Clark Corporation COM USD1.25                                | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     18153 | NS      | $2173095.63   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                    | KLA Corp. COM USD0.001                                                | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      5741 | NS      | $6939376.34   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                 | Oracle Corp. COM USD0.01                                              | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     45473 | NS      | $11941664.53  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                       | Diamondback Energy Inc COM USD0.01                                    | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      4615 | NS      | $660821.85    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies, Inc.                  | Keysight Technologies, Inc. COM USD0.01 WD                            | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |       560 | NS      | $102457.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubiquiti Inc                                 | Ubiquiti Inc COM USD0.001                                             | CUSIP: 90353W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       696 | NS      | $547877.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc.                    | Axcelis Technologies Inc. COM USD0.001                                | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     10027 | NS      | $797748.12    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Healthcare Technologies Inc.              | GE Healthcare Technologies Inc. COMMON STOCK                          | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     49617 | NS      | $3718794.15   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc.                                  | Kenvue Inc. COM                                                       | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    278278 | NS      | $3998854.86   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Aaon Inc                                     | Aaon Inc COM STK USD0.004                                             | CUSIP: 000360206<br>LEI: 549300ZHF0E5VM7PUD37 | Long             | EC               | CORP              | US        |     13061 | NS      | $1285071.79   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Lowes Companies, Inc.                        | Lowes Companies, Inc. COM USD0.50                                     | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     28901 | NS      | $6882195.13   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                | Chevron Corp. COM USD0.75                                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32341 | NS      | $5100822.52   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Companies, Inc.             | Marsh & McLennan Companies, Inc. COM USD1.00                          | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     37609 | NS      | $6700043.35   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                      | CRH PLC ORD EUR 0.32                                                  | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     23619 | NS      | $2813022.90   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                      | Aon PLC SHS CL A                                                      | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     18692 | NS      | $6367990.56   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                    | RTX Corp. COM                                                         | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     60702 | NS      | $10835307.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                               | Citigroup Inc. COM USD0.01                                            | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     64794 | NS      | $6559096.62   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp. COM USD0.00000625                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     44590 | NS      | $23089147.90  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp. COM USD0.00000625                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     37351 | NS      | $19340721.31  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.              | Regeneron Pharmaceuticals, Inc. COM USD0.001                          | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      3166 | NS      | $2063598.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd.                                     | SLB Ltd. COM USD0.01                                                  | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     49931 | NS      | $1800511.86   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                                   | Nike, Inc. CLASS'B'COM NPV                                            | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      5735 | NS      | $370423.65    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                            | Wells Fargo & Co. COM USD1.666                                        | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     22142 | NS      | $1925689.74   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                       | Verisk Analytics, Inc. COM USD0.001                                   | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      3273 | NS      | $716001.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                      | KeyCorp COM USD1.00                                                   | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    111822 | NS      | $1966948.98   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation               | The Charles Schwab Corporation COM USD0.01                            | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     33235 | NS      | $3141372.20   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                               | ConocoPhillips COM USD0.01                                            | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     22337 | NS      | $1984865.82   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                          | Shift4 Payments Inc CL A                                              | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37554 | NS      | $2594981.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                           | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   1983708 | NS      | $1983708.39   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.                    | Rockwell Automation, Inc. COM USD1                                    | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      8534 | NS      | $3143584.24   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                               | Public Storage COM USD0.10                                            | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      1446 | NS      | $402797.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation                  | Lockheed Martin Corporation COM USD1.00                               | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      7643 | NS      | $3759438.84   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                                   | Nike, Inc. CLASS'B'COM NPV                                            | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     88755 | NS      | $5732685.45   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.                         | Otis Worldwide Corp. COM                                              | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     11469 | NS      | $1063864.44   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials Inc.             | Solstice Advanced Materials Inc. COM SHS                              | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |         1 | NS      | $33.80        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                               | Blackrock Inc. COM                                                    | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      5239 | NS      | $5672841.59   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation                  | Ares Management Corporation COM USD0.01 CLASS A                       | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |      6158 | NS      | $915756.18    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                       | Guidewire Software Inc COM USD0.0001                                  | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      8496 | NS      | $1985005.44   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Certara Inc                                  | Certara Inc COM                                                       | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    131551 | NS      | $1529938.13   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Nova Ltd                                     | Nova Ltd ILS0.01                                                      | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |      8463 | NS      | $2916688.32   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                  | LPL Financial Holdings Inc. COM USD0.001                              | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      6583 | NS      | $2483831.73   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                   | Occidental Petroleum Corp. COM USD0.20                                | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     47927 | NS      | $1974592.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc.                 | Raymond James Financial Inc. COM USD0.01                              | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      8234 | NS      | $1306488.78   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                          | Stryker Corporation COM USD0.10                                       | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     10827 | NS      | $3857010.48   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                               | CME Group Inc. COM USD0.01                                            | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     10680 | NS      | $2835433.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation               | Texas Pacific Land Corporation COM                                    | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3958 | NS      | $3733898.04   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                     | Lam Research Corporation COM NEW                                      | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     44365 | NS      | $6985712.90   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials Inc.             | Solstice Advanced Materials Inc. COM SHS                              | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |     11641 | NS      | $524648.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                          | TE Connectivity PLC ORD SHS                                           | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     18584 | NS      | $4590433.84   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulte Group Inc                              | Pulte Group Inc COM USD0.01                                           | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6312 | NS      | $756619.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc.                       | RPM International Inc. COM USD0.01                                    | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |       753 | NS      | $82287.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc.                | MSC Industrial Direct Co Inc. CL A COM USD0.001                       | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     10154 | NS      | $862176.14    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                            | Masco Corporation COM USD1.00                                         | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     15923 | NS      | $1031173.48   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc.                                | Teradyne Inc. COM USD0.125                                            | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      8332 | NS      | $1514424.32   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc.                                 | Textron Inc. COM STK USD0.125                                         | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |      4878 | NS      | $394191.18    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                  | Pepsico Inc CAP USD0.016666                                           | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     24562 | NS      | $3588262.58   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                     | The Procter & Gamble Co. COM NPV                                      | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     44947 | NS      | $6758680.39   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                           | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   7341185 | NS      | $7341185.43   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com, Inc. COM USD0.01                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    125733 | NS      | $30706513.26  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                                | QUALCOMM Inc. COM USD0.0001                                           | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     11139 | NS      | $2015045.10   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                    | Union Pacific Corporation COM USD2.50                                 | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     36554 | NS      | $8055404.98   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc                      | Goosehead Insurance Inc COM USD0.01 CL A                              | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |     11877 | NS      | $815593.59    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Abbott Laboratories                          | Abbott Laboratories COM NPV                                           | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     43394 | NS      | $5364366.28   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Incorporated                        | Teleflex Incorporated COM USD1                                        | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      7994 | NS      | $995013.18    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc.                      | Church & Dwight Co Inc. COM USD1.00                                   | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      7987 | NS      | $700380.03    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                     | American Express Company COM USD0.20                                  | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     25377 | NS      | $9154245.21   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.             | American Electric Power Co, Inc. COM USD6.50                          | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     15439 | NS      | $1856694.14   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Carters Inc.                                 | Carters Inc. COM USD0.01                                              | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     29927 | NS      | $939707.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                    | MarketAxess Holdings Inc. COM USD0.003                                | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      4308 | NS      | $689538.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                 | Honeywell International Inc. COM USD1                                 | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     22635 | NS      | $4557104.55   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | Apple Inc. COM USD0.00001                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     80708 | NS      | $21821021.96  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc             | Prestige Consumer Healthcare Inc COM USD0.01                          | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15328 | NS      | $928876.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pricesmart Inc                               | Pricesmart Inc COM USD0.0001                                          | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |      1406 | NS      | $161605.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| The New York Times Company                   | The New York Times Company CLASS'A'COM USD0.10                        | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |      1650 | NS      | $94033.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                          | Analog Devices Inc. COM USD0.16 2/3                                   | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     30032 | NS      | $7031392.16   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                               | Mckesson Corp. COM USD0.01                                            | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     15130 | NS      | $12275574.20  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc.                                  | Kenvue Inc. COM                                                       | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    127530 | NS      | $1832606.10   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Company, Inc.                           | Trex Company, Inc. COM USD0.01                                        | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28883 | NS      | $1395626.56   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| The Boeing Company                           | The Boeing Company COM USD5.00                                        | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     41650 | NS      | $8372483.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toro Company                             | The Toro Company COM USD1                                             | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |      7809 | NS      | $583566.57    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                            | Tractor Supply Co COM USD0.008                                        | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     14365 | NS      | $777290.15    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corporation                           | Waters Corporation COM USD0.01                                        | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      8521 | NS      | $2978941.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                                | KKR & Co Inc. COM USD0.01                                             | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     16347 | NS      | $1934340.51   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.              | Universal Health Services, Inc. CLASS'B'COM USD0.01                   | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      4747 | NS      | $1030146.47   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co.                                    | WD-40 Co. COM USD0.001                                                | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      3311 | NS      | $643261.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     22876 | NS      | $6872636.68   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                           | EOG Resources Inc. COM USD0.01                                        | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     22795 | NS      | $2412622.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                 | CF Industries Holdings, Inc. COM USD0.01                              | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      5270 | NS      | $438938.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                                   | Atkore Inc COM USD0.01                                                | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     18562 | NS      | $1285418.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                      | Dow Inc COM USD0.01                                                   | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |     88465 | NS      | $2109890.25   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                      | Intuitive Surgical Inc. COM USD0.001                                  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     12241 | NS      | $6540121.48   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                    | Aptiv PLC COM SHS                                                     | CUSIP: G3265R107<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |      1153 | NS      | $93508.30     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc.                            | Viper Energy Inc. CL A                                                | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24345 | NS      | $914398.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                           | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |       370 | NS      | $369.71       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC Intelligent Solutions Holdings Inc       | CCC Intelligent Solutions Holdings Inc COM                            | CUSIP: 12510Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    188140 | NS      | $1640580.80   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Federal Home Loan Banks                      | FHLBDN 0 11/03/25                                                     | CUSIP: 313385NU6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   5908000 | PA      | $5906099.57   | 0.32%             | 2025-11-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc                              | Caterpillar Inc COM USD1.00                                           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      4136 | NS      | $2387547.36   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                               | Servicenow Inc COM USD0.001                                           | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      2900 | NS      | $2665912.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                        | Eaton Corporation PLC COM USD0.01                                     | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     22408 | NS      | $8549996.48   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems, Inc.                  | Casella Waste Systems, Inc. COM USD0.01 CL'A'                         | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     35801 | NS      | $3170894.57   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                               | Morgan Stanley COM USD0.01                                            | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     52883 | NS      | $8672812.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Inc.                           | Dominos Pizza Inc. COM USD0.01                                        | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       934 | NS      | $372161.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                               | Blackstone Inc COM USD0.00001 CLASS A                                 | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     12974 | NS      | $1902507.36   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMorgan Chase & Co. COM USD1.00                                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     56755 | NS      | $17657615.60  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                 | Marriott International, Inc. COM USD0.01 CLASS A                      | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     19429 | NS      | $5062808.82   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Company            | Canadian National Railway Company COM NPV                             | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     14673 | NS      | $1407287.43   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Paccar Inc                                   | Paccar Inc COM USD1.00                                                | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     41964 | NS      | $4129257.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc.                                 | Equifax Inc. COM USD1.25                                              | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |     16164 | NS      | $3412220.40   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                              | Xcel Energy Inc COM USD2.5                                            | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     66569 | NS      | $5403405.73   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                         | Paypal Holdings Inc. COM USD0.0001                                    | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     40115 | NS      | $2778766.05   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial N.V.                          | CNH Industrial N.V. COM EUR0.01                                       | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |    290748 | NS      | $3049946.52   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                 | Exelon Corp. COM NPV                                                  | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     59158 | NS      | $2728366.96   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                                  | Humana Inc. COM USD0.166                                              | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      8009 | NS      | $2228023.71   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                         | Edison International COM NPV                                          | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     74241 | NS      | $4111466.58   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                          | Comcast Corporation COM USD0.01 CL A                                  | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    119526 | NS      | $3327006.21   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                       | Fair Isaac Corporation COM USD0.01                                    | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      2100 | NS      | $3485013.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Grainger W W Inc                             | Grainger W W Inc COM USD0.50                                          | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      7172 | NS      | $7021388.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                  | Pfizer Inc. COM USD0.05                                               | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    116453 | NS      | $2870566.45   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corporation                             | PG&E Corporation COM NPV                                              | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    273176 | NS      | $4359888.96   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                    | Amcor PLC COM USD0.01                                                 | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |    387723 | NS      | $3063011.70   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | Alphabet Inc. CAP STK USD0.001 CL A                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     63555 | NS      | $17871030.45  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation                 | Encompass Health Corporation COM USD0.01                              | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      6701 | NS      | $762908.85    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc.                           | PROG Holdings Inc. COM NPV                                            | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     40389 | NS      | $1168453.77   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                 | Charter Communications, Inc. COM USD0.001 CLASS A                     | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      8079 | NS      | $1889193.36   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| IQVIA Holdings Inc.                          | IQVIA Holdings Inc. COM USD0.01                                       | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     21360 | NS      | $4623585.60   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                   | Chipotle Mexican Grill Inc COM USD0.01                                | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92700 | NS      | $2937663.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                   | Airbnb Inc COM CL A                                                   | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     49416 | NS      | $6253100.64   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                                  | Moderna Inc COM USD0.0001                                             | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |     70855 | NS      | $1924421.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| The Trade Desk Inc                           | The Trade Desk Inc COM USD0.000001 CL A                               | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     39766 | NS      | $1999434.48   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Marvell Technology Inc                       | Marvell Technology Inc COM                                            | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43000 | NS      | $4030820.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                    | Tesla Inc COM USD0.001                                                | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     23010 | NS      | $10505445.60  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Company                 | The Sherwin-Williams Company COM USD1                                 | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      4476 | NS      | $1543951.44   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                               | ConocoPhillips COM USD0.01                                            | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     72148 | NS      | $6411071.28   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                                 | Southern Co. COM USD5                                                 | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     73484 | NS      | $6910435.36   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                               | Public Storage COM USD0.10                                            | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      3794 | NS      | $1056856.64   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                         | Paypal Holdings Inc. COM USD0.0001                                    | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     73853 | NS      | $5115797.31   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                     | Visa Inc COM STK USD0.0001                                            | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     46578 | NS      | $15870987.72  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances Inc.      | International Flavors & Fragrances Inc. COM USD0.125                  | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |         0 | NS      | $0.25         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                    | KLA Corp. COM USD0.001                                                | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      5211 | NS      | $6298744.14   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.                     | Modine Manufacturing Co. COM USD0.625                                 | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     16766 | NS      | $2568718.86   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Wells Fargo & Co.                            | Wells Fargo & Co. COM USD1.666                                        | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     65281 | NS      | $5677488.57   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms Inc COM USD0.000006 CL 'A'                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     32978 | NS      | $21381286.30  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                       | Palo Alto Networks Inc COM USD0.0001                                  | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     48684 | NS      | $10722164.16  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                            | ASML Holding N.V. NY REGISTRY SHS                                     | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      6391 | NS      | $6769538.93   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | Alphabet Inc. CAP STK USD0.001 CL A                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     34454 | NS      | $9688120.26   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                       | Texas Instruments Inc. COM USD1.00                                    | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     27094 | NS      | $4374597.24   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                    | Union Pacific Corporation COM USD2.50                                 | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     27123 | NS      | $5977095.51   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                  | Pepsico Inc CAP USD0.016666                                           | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     28032 | NS      | $4095194.88   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.            | PNC Financial Services Group Inc. COM USD5                            | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     32532 | NS      | $5938716.60   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                | Accenture PLC CLS'A'USD0.0000225                                      | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     25246 | NS      | $6314024.60   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                             | Merck & Co., Inc COM USD0.50                                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     33472 | NS      | $2877922.56   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                   | Kadant Inc COM USD0.01                                                | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      6045 | NS      | $1672409.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Marsh & McLennan Companies, Inc.             | Marsh & McLennan Companies, Inc. COM USD1.00                          | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     27226 | NS      | $4850311.90   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                             | Duke Energy Corp COM USD0.001                                         | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     61877 | NS      | $7691311.10   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                                | KKR & Co Inc. COM USD0.01                                             | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     49861 | NS      | $5900052.13   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                            | Eversource Energy COM USD5                                            | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     55311 | NS      | $4082504.91   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation                  | The Progressive Corporation COM USD1.00                               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     55893 | NS      | $11513958.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Arhaus Inc                                   | Arhaus Inc COM CL A                                                   | CUSIP: 04035M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109258 | NS      | $1094765.16   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Loar Holdings Inc                            | Loar Holdings Inc COM SHS                                             | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22627 | NS      | $1790474.51   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Clearwater Analytics Holdings Inc            | Clearwater Analytics Holdings Inc CL A                                | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48487 | NS      | $892645.67    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| S&P Global Inc                               | S&P Global Inc COM USD1                                               | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       774 | NS      | $377100.54    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd.       | Check Point Software Technologies Ltd. ORD ILS0.01                    | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |     31242 | NS      | $6113434.56   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                  | Datadog Inc COM USD0.00001 CL A                                       | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     14100 | NS      | $2295621.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp. COM USD0.00000625                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     55253 | NS      | $28610555.93  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                                 | Balchem Corp COM USD0.0666                                            | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |     10434 | NS      | $1600471.26   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                              | The Cigna Group COM USD0.01                                           | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     35398 | NS      | $8651625.18   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                        | Eaton Corporation PLC COM USD0.01                                     | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     10140 | NS      | $3869018.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                 | Thermo Fisher Scientific Inc COM USD1                                 | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     12181 | NS      | $6911377.59   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                            | Tyson Foods, Inc. CLASS'A'COM USD0.10                                 | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     32079 | NS      | $1649181.39   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation                 | Northrop Grumman Corporation COM USD1                                 | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      8355 | NS      | $4874724.75   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                 | Oracle Corp. COM USD0.01                                              | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     25500 | NS      | $6696555.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                 | Fastenal Co. COM USD0.01                                              | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    152853 | NS      | $6289900.95   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                              | Home Depot Inc. COM USD0.05                                           | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     19965 | NS      | $7578514.35   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                 | Mondelez International, Inc. COM NPV                                  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     58132 | NS      | $3340264.72   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Intermediate Holdings Inc.          | BellRing Intermediate Holdings Inc. COMMON STOCK                      | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     31774 | NS      | $957350.62    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                        | Parker-Hannifin Corp. COM USD0.50                                     | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      2000 | NS      | $1545660.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                     | RLI Corp COM USD1.00                                                  | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |     15339 | NS      | $904387.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation                  | Lockheed Martin Corporation COM USD1.00                               | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      3731 | NS      | $1835204.28   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                  | Paychex Inc COM USD0.01                                               | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     29283 | NS      | $3426989.49   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc.               | Everus Construction Group Inc. COM                                    | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |     15117 | NS      | $1373984.13   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                                | Prologis Inc. COM USD0.01                                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     54176 | NS      | $6722699.84   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC           | Coca-Cola Europacific Partners PLC COM EUR0.01                        | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     18483 | NS      | $1641844.89   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                | Netflix, Inc. COM USD0.001                                            | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     12220 | NS      | $13672469.20  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                                    | Enpro Inc COM USD0.01                                                 | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |     11350 | NS      | $2633313.50   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Company                 | The Sherwin-Williams Company COM USD1                                 | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     18245 | NS      | $6293430.30   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                              | Starbucks Corp. COM USD0.001                                          | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     49175 | NS      | $3976782.25   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                      | UnitedHealth Group Inc. COM USD0.01                                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      5088 | NS      | $1737857.28   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                             | Merck & Co., Inc COM USD0.50                                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     42255 | NS      | $3633084.90   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                          | Stryker Corporation COM USD0.10                                       | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     15223 | NS      | $5423041.52   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                 | Synopsys Inc COM USD0.01                                              | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     12754 | NS      | $5788020.28   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                 | Thermo Fisher Scientific Inc COM USD1                                 | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     11523 | NS      | $6538034.97   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated          | Vertex Pharmaceuticals Incorporated COM USD0.01                       | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     14300 | NS      | $6085651.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Global E Online Ltd                          | Global E Online Ltd SHS                                               | CUSIP: M5216V106<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     26304 | NS      | $958254.72    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc                     | Procore Technologies Inc COM                                          | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     43351 | NS      | $3200170.82   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                    | Linde PLC COM EUR0.001                                                | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      7700 | NS      | $3220910.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                      | Intuitive Surgical Inc. COM USD0.001                                  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     17160 | NS      | $9168244.80   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                             | Duke Energy Corp COM USD0.001                                         | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     22099 | NS      | $2746905.70   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                   | Airbnb Inc COM CL A                                                   | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     32380 | NS      | $4097365.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                            | Exxon Mobil Corp. COM NPV                                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     63048 | NS      | $7210169.28   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Paymentus Holdings Inc                       | Paymentus Holdings Inc COM CL A                                       | CUSIP: 70439P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52396 | NS      | $1498525.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Salesforce Inc.                              | Salesforce Inc. COM USD0.001                                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     14054 | NS      | $3659802.14   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Xpel Inc.                                    | Xpel Inc. COM                                                         | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |     26857 | NS      | $915823.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank OZK                                     | Bank OZK COM USD0.01                                                  | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     53459 | NS      | $2405120.41   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                             | ACV Auctions Inc COM CL A                                             | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67803 | NS      | $614973.21    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                           | UFP Industries Inc COM                                                | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      9162 | NS      | $844095.06    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Inc                                   | Vertex Inc CL A                                                       | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     34240 | NS      | $784096.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                       | Marvell Technology Inc COM                                            | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40524 | NS      | $3798719.76   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corporation                        | Atlassian Corporation CL A                                            | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     17696 | NS      | $2998056.32   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                   | Nasdaq Inc COM USD0.01                                                | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     75980 | NS      | $6495530.20   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Companies, Inc.                    | Travelers Companies, Inc. COM NPV                                     | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     24526 | NS      | $6588174.12   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.                         | Elevance Health Inc. COM USD0.01                                      | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     10703 | NS      | $3394991.60   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                  | AbbVie Inc. COM USD0.01                                               | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     25407 | NS      | $5539742.28   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.                         | Otis Worldwide Corp. COM                                              | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     20128 | NS      | $1867073.28   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                    | Healthpeak Properties Inc COM                                         | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |    285545 | NS      | $5125532.75   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                  | Pepsico Inc CAP USD0.016666                                           | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     35061 | NS      | $5122061.49   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                                | QUALCOMM Inc. COM USD0.0001                                           | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     22704 | NS      | $4107153.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                           | Altria Group, Inc. COM USD0.333333                                    | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     61207 | NS      | $3450850.66   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                | Intercontinental Exchange Inc COM USD0.01                             | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      4661 | NS      | $681857.69    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                   | TransUnion COM USD0.01                                                | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     33995 | NS      | $2759714.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | Broadcom Inc COM USD0.001                                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     12791 | NS      | $4727937.33   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                              | Salesforce Inc. COM USD0.001                                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     26923 | NS      | $7011018.43   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                 | Fortinet Inc COM USD0.001                                             | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      5269 | NS      | $455399.67    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                               | Servicenow Inc COM USD0.001                                           | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      3195 | NS      | $2937099.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.                | Monolithic Power Systems Inc. COM STK USD0.001                        | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       508 | NS      | $510540.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc   | Fidelity National Information Services Inc COM USD0.01                | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     26569 | NS      | $1661093.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                     | O'Reilly Automotive Inc. USD0.01                                      | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     52084 | NS      | $4918812.96   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                                | Prologis Inc. COM USD0.01                                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     14721 | NS      | $1826728.89   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                            | Crown Castle Inc. COM USD0.01                                         | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     43914 | NS      | $3961921.08   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                | Medtronic PLC USD0.0001                                               | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     44818 | NS      | $4064992.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                      | MasterCard Incorporated COM USD0.0001 CLASS A                         | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     23790 | NS      | $13131842.10  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                            | Exxon Mobil Corp. COM NPV                                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     67674 | NS      | $7739198.64   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc                | Interactive Brokers Group Inc COM USD0.01 CL A                        | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     10449 | NS      | $735191.64    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                     | Lululemon Athletica Inc. COM USD0.005                                 | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      2572 | NS      | $438628.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                     | Lululemon Athletica Inc. COM USD0.005                                 | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     10852 | NS      | $1850700.08   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.             | Philip Morris International Inc. COM NPV                              | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     33110 | NS      | $4778766.30   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms Inc COM USD0.000006 CL 'A'                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     14375 | NS      | $9320031.25   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms Inc COM USD0.000006 CL 'A'                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     16856 | NS      | $10928587.60  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                       | Palo Alto Networks Inc COM USD0.0001                                  | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      8572 | NS      | $1887897.28   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                 | Mondelez International, Inc. COM NPV                                  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    101271 | NS      | $5819031.66   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                       | Diamondback Energy Inc COM USD0.01                                    | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      3080 | NS      | $441025.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | Alphabet Inc. CAP STK USD0.001 CL A                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     60927 | NS      | $17132063.13  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                  | AbbVie Inc. COM USD0.01                                               | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      4491 | NS      | $979217.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                       | HP Inc COM USD0.01                                                    | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     28209 | NS      | $780543.03    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds LIQ ASET PORTF                           | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    207900 | NS      | $207900.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds LIQ ASET PORTF                           | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    439758 | NS      | $439758.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds LIQ ASET PORTF                           | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    277788 | NS      | $277788.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds LIQ ASET PORTF                           | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   4675892 | NS      | $4675892.25   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** Morningstar Funds Trust

**Signature:** D. Scott Schilling

**Name of Signer:** D. Scott Schilling

**Title:** Chief Compliance Officer