# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001752724-25-177891
**Filing Date:** 2025-7
**Character Count:** 162844
**Document Hash:** 30ed9d9584ae283080fd91db49d5778b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-177891.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-177891

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS III
- **CENTRAL INDEX KEY:** 0000908695

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 251149535

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Victory Cornerstone Moderately Aggressive Fund (Formerly USAA Cornerstone Moderately Aggressive Fund) (Series ID: S000012926)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000034896 | Victory Cornerstone Moderately Aggressive Fund | USCRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios III

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

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

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

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

- **a. Name of Series:** Victory Cornerstone Moderately Aggressive Fund

- **b. EDGAR series identifier (if any):** S000012926

- **c. LEI of Series:** 549300RN6ZYPTMPMQJ29

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**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:** $2810043104.98

**Total Liabilities:** $116193615.94

**Net Assets:** $2693849489.04

**Cash Not Reported:** $34572405.82

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000034896 | -1.91%               | 0.69%                | 2.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2927483.10              | $-58836945.51                              |
| Month 2  | $6690625.66              | $5256250.17                                |
| Month 3  | $4945239.48              | $68129918.27                               |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Everest Group, Ltd.                                                              | EVEREST GROUP LTD                                 | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      8774 | NS      | $3046245.06   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA FINANCIAL, INC.                                                              | MFA FINANCIAL INC                                 | CUSIP: 55272X607<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EC               | CORP              | US        |     13009 | NS      | $120983.70    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR HOLDINGS, INC.                                                               | QCR HOLDINGS INC                                  | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |      4962 | NS      | $333942.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOVYST INC.                                                                     | ECOVYST INC                                       | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       459 | NS      | $3419.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MUELLER INDUSTRIES, INC.                                                         | MUELLER INDUSTRIES INC                            | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      1677 | NS      | $130587.99    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTAMERICA BANCORPORATION                                                       | WESTAMERICA BANCORPORATION                        | CUSIP: 957090103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5177 | NS      | $248754.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Fundamental EM Equity ETF                                                 | SCHWAB FUNDAMENTAL EMERGING MARKETS EQUITY ETF    | CUSIP: 808524730<br>LEI: N/A                  | Long             |  | RF                | US        |   1588753 | NS      | $49902731.73  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTERLY GOVERNMENT PROPERTIES, INC.                                             | EASTERLY GOVERNMENT PROPERTIES INC                | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |        13 | NS      | $282.49       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK HILLS CORPORATION                                                          | BLACK HILLS CORP                                  | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |      5732 | NS      | $335150.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc.                                                                      | TANGER INC                                        | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |      4415 | NS      | $131567.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                                                       | PRUDENTIAL FINANCIAL INC                          | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     19987 | NS      | $2076449.43   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB FINANCIAL CORP.                                                              | CVB FINANCIAL CORP                                | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11562 | NS      | $216787.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENTIAL PROPERTIES REALTY TRUST, INC.                                          | ESSENTIAL PROPERTIES REALTY TRUST INC             | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |      7370 | NS      | $239525.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Emerging Markets Value Momentum ETF                                | VICTORYSHARES EMERGING MARKETS                    | CUSIP: 92647N543<br>LEI: N/A                  | Long             |  | RF                | US        |    223000 | NS      | $11051880.00  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands, Inc.                                                             | KONTOOR BRANDS INC                                | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |      3022 | NS      | $207309.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Winmark Corporation                                                              | WINMARK CORP                                      | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       562 | NS      | $238748.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp.                                                                   | FIRST BANCORP PUERTO RICO                         | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     21237 | NS      | $424315.26    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| W.P. CAREY INC.                                                                  | WP CAREY INC                                      | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     10923 | NS      | $685527.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                                                              | CISCO SYSTEMS INC                                 | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    124509 | NS      | $7849047.36   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVIVA, INC.                                                                   | INNOVIVA INC                                      | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     17318 | NS      | $338913.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI INVESTMENTS COMPANY                                                          | SEI INVESTMENTS CO                                | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     10004 | NS      | $852941.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS CORNING                                                                    | OWENS CORNING INC                                 | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     18671 | NS      | $2500980.45   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| REX AMERICAN RESOURCES CORPORATION                                               | REX AMERICAN RESOURCES CORP                       | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2924 | NS      | $123217.36    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                                                       | KIMBERLY CLARK CORP                               | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     43491 | NS      | $6252266.16   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND                                   | GLDMN SCHS FIN SQ GV-FST                          | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  25797574 | NS      | $25797573.83  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Inc                                                                      | COMPASS INC                                       | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |     11995 | NS      | $70890.45     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr S&P Emerging Markets Small Cap Etf                                          | SPDR S P EMERGING MARKETS SMALLCAP ETF            | CUSIP: 78463X756<br>LEI: N/A                  | Long             |  | RF                | US        |    107983 | NS      | $6422828.84   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| APOGEE ENTERPRISES, INC.                                                         | APOGEE ENTERPRISES INC                            | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |      8172 | NS      | $315847.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Intl Quality Factor ETF                                             | ISHARES MSCI INTERNA                              | CUSIP: 46434V456<br>LEI: N/A                  | Long             |  | RF                | US        |   1235245 | NS      | $52893190.90  | 1.96%             |  |  |  | No            |                  1 | On Loan: —       |
| PERDOCEO EDUCATION CORPORATION                                                   | PERDOCEO EDUCATION CORP                           | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |      4801 | NS      | $163426.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HAMILTON INSURANCE GROUP, LTD.                                                   | HAMILTON INSURANCE GROUP LTD                      | CUSIP: G42706104<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |      8159 | NS      | $177539.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares JPMorgan USD Emerging Markets Bond ETF                                   | ISHARES JP MORGAN ETF                             | CUSIP: 464288281<br>LEI: 54930070R8WH6MNUJG74 | Long             |  | RF                | US        |    282974 | NS      | $25637444.40  | 0.95%             |  |  |  | No            |                  1 | On Loan: —       |
| AMERIPRISE FINANCIAL, INC.                                                       | AMERIPRISE FINANCIAL INC                          | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     14007 | NS      | $7132924.68   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard European Stock Index Fund                                               | VANGUARD FTSE EUROPE ETF                          | CUSIP: 922042874<br>LEI: N/A                  | Long             |  | RF                | US        |    748247 | NS      | $57435439.72  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO FINANCIAL GROUP, INC.                                                        | CNO FINANCIAL GROUP INC                           | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |      3276 | NS      | $124356.96    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMVAULT SYSTEMS, INC.                                                          | COMMVAULT SYSTEMS INC                             | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      1562 | NS      | $286080.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                                                     | TENET HEALTHCARE CORP                             | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     23340 | NS      | $3939091.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKYO PRICE INDEX FUTURE JUN25                                                   | TOKYO PRICE INDEX FUTURE JUN25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | JP        |       179 | NC      | $2609311.08   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CIGNA GROUP                                                                  | CIGNA GROUP THE                                   | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      5255 | NS      | $1663943.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP, INC.                                                    | PEDIATRIX MEDICAL GROUP INC                       | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19182 | NS      | $271425.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mortgage-Backed Secs Idx Fund                                           | VANGUARD MORTGAGE BACKED SECURITIES ETF           | CUSIP: 92206C771<br>LEI: N/A                  | Long             |  | RF                | US        |    594901 | NS      | $27210771.74  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 0-5 Year TIPS Bond ETF                                                   | ISHARES 0 5 YEAR TIPS BOND ETF                    | CUSIP: 46429B747<br>LEI: 549300GIWSEGOQLZR212 | Long             |  | RF                | US        |    267802 | NS      | $27505943.42  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SYLVAMO CORPORATION                                                              | SYLVAMO CORP                                      | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |      3600 | NS      | $190692.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MURPHY OIL CORPORATION                                                           | MURPHY OIL CORP                                   | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |      6808 | NS      | $142491.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC, INC.                                                                        | RPC INC                                           | CUSIP: 749660106<br>LEI: 549300ZDXAFBC3SB4918 | Long             | EC               | CORP              | US        |     34131 | NS      | $151541.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                                               | ALTRIA GROUP INC                                  | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    152313 | NS      | $9231690.93   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MOVADO GROUP, INC.                                                               | MOVADO GROUP INC                                  | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |       113 | NS      | $1830.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                                                       | BUILDERS FIRSTSOURCE INC                          | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      1472 | NS      | $158504.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITIL CORPORATION                                                               | UNITIL CORP                                       | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3966 | NS      | $217455.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CABOT CORPORATION                                                                | CABOT CORP                                        | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |      2073 | NS      | $154832.37    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL, INC.                                                | FIDELITY NATIONAL FINANCIAL                       | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     55662 | NS      | $3048607.74   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COMPANIES, INC.                                                           | LOWE S COS INC                                    | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     18252 | NS      | $4120023.96   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KROGER CO.                                                                   | KROGER CO THE                                     | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      8309 | NS      | $566923.07    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco RAFI Developed Mkts ex-US ETF                                            | INVESCO RAFI DEVELOPED MARKETS EX US ETF          | CUSIP: 46138E743<br>LEI: N/A                  | Long             |  | RF                | US        |    653206 | NS      | $36804892.07  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL HEALTH INVESTORS, INC.                                                  | NATIONAL HEALTH INVESTORS INC                     | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |      2324 | NS      | $168513.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                    | GOLDMAN SACHS GROUP INC THE                       | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      5362 | NS      | $3219612.90   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS, INC.                                                            | ARISTA NETWORKS INC                               | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     32587 | NS      | $2823337.68   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Free Cash Flow Growth ETF                                          | VICTORYSHARES FREE CASH FLOW GROWTH ETF           | CUSIP: 92647X764<br>LEI: N/A                  | Long             |  | RF                | US        |   3007525 | NS      | $75338501.25  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ENNIS, INC.                                                                      | ENNIS INC                                         | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9224 | NS      | $172212.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ARDMORE SHIPPING CORPORATION                                                     | ARDMORE SHIPPING CORP                             | CUSIP: Y0207T100<br>LEI: 549300J8HD7K6BHD8O28 | Long             | EC               | CORP              | MH        |      9142 | NS      | $87854.62     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| CINTAS CORPORATION                                                               | CINTAS CORP                                       | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9503 | NS      | $2152429.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| URBAN EDGE PROPERTIES                                                            | URBAN EDGE PROPERTIES                             | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9120 | NS      | $165619.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERBRAND, INC.                                                                | MASTERBRAND INC                                   | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |     18154 | NS      | $185170.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BANCSHARES CORPORATION                                             | INTERNATIONAL BANCSHARES CORPORATION              | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |      6249 | NS      | $391374.87    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HOLDINGS, INC.                                              | ALLISON TRANSMISSION HOLDING INC                  | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     28393 | NS      | $2939243.36   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA INC.                                                                       | TEGNA INC COM                                     | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |     19937 | NS      | $333346.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA PHARMACEUTICALS INC.                                                      | ACADIA PHARMACEUTICALS INC                        | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |       123 | NS      | $2653.11      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CORCEPT THERAPEUTICS INCORPORATED                                                | CORCEPT THERAPEUTICS INC                          | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |         5 | NS      | $387.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORPORATION                                                       | AMERICAN TOWER CORP REIT                          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     12026 | NS      | $2581380.90   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERPARFUMS INC                                                                 | INTERPARFUMS INC                                  | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1345 | NS      | $183215.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE & MAIN, INC.                                                                | CORE MAIN INC                                     | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15562 | NS      | $852953.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                                                           | TRANE TECHNOLOGIES PLC                            | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      4459 | NS      | $1918573.93   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET, INC.                                                                   | FORTINET INC                                      | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     20725 | NS      | $2109390.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONAL MANAGEMENT CORP.                                                        | REGIONAL MANAGEMENT CORP                          | CUSIP: 75902K106<br>LEI: 549300S5O87W87JW4146 | Long             | EC               | CORP              | US        |      3700 | NS      | $97865.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCO BRANDS CORPORATION                                                          | ACCO BRANDS CORP                                  | CUSIP: 00081T108<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | EC               | CORP              | US        |     36408 | NS      | $130704.72    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Tankers Ltd.                                                              | TEEKAY TANKERS LTD                                | CUSIP: G8726X106<br>LEI: 549300DE8ZAIYS2T6Q22 | Long             | EC               | CORP              | BM        |      5196 | NS      | $229611.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| POTLATCHDELTIC CORPORATION                                                       | POTLATCHDELTIC CORP                               | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |      4164 | NS      | $163811.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC.                                                            | BOOKING HOLDINGS INC                              | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       923 | NS      | $5093972.39   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISIANA-PACIFIC CORPORATION                                                    | LOUISIANA PACIFIC CORP                            | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     11547 | NS      | $1040038.29   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial, Inc.                                                         | PATHWARD FINANCIAL INC                            | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |      3178 | NS      | $248042.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION                                      | INTERNATIONAL BUSINESS MACHINES CORP              | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      7026 | NS      | $1820155.56   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ADEIA INC.                                                                       | ADEIA INC                                         | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12058 | NS      | $154824.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PHINIA INC.                                                                      | PHINIA INC                                        | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |      4424 | NS      | $192001.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                                                     | CADENCE BANK                                      | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |      1070 | NS      | $32421.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                                                       | MSILF GOVERNMENT-INST                             | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  25797574 | NS      | $25797573.81  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PACKAGING CORPORATION OF AMERICA                                                 | PACKAGING CORP OF AMERICA                         | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     10091 | NS      | $1949278.47   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HURON CONSULTING GROUP INC.                                                      | HURON CONSULTING GROUP INC                        | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      1335 | NS      | $190678.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III APPAREL GROUP, LTD.                                                        | G III APPAREL GROUP LTD                           | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |      8820 | NS      | $256221.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CATHAY GENERAL BANCORP                                                           | CATHAY GENERAL BANCORP                            | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |      7575 | NS      | $324626.63    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO., INC.                                                               | BEST BUY CO INC                                   | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     35688 | NS      | $2365400.64   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco DB Commodity Index Tracking Fund                                         | INVESCO DB COMMODITY INDEX TRACKING FUND          | CUSIP: 46138B103<br>LEI: N/A                  | Long             |  | RF                | US        |    256100 | NS      | $5347368.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| THE PNC FINANCIAL SERVICES GROUP, INC.                                           | PNC FINANCIAL SERVICES GROUP INC                  | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      6842 | NS      | $1189208.02   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIRA BIOSCIENCES, INC.                                                         | PACIRA BIOSCIENCES INC                            | CUSIP: 695127100<br>LEI: 549300P56LERYBDHCF69 | Long             | EC               | CORP              | US        |        77 | NS      | $1989.68      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 NETWORKS, INC.                                                               | A10 NETWORKS INC                                  | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     15293 | NS      | $263957.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS, INC.                                                             | STEEL DYNAMICS INC                                | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      2008 | NS      | $247124.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOX, INC.                                                                        | BOX INC CLASS A                                   | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |      3461 | NS      | $130895.02    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES HOLDINGS, INC.                                                   | UNITED AIRLINES HOLDINGS INC                      | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     54867 | NS      | $4358908.82   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Real Estate Index Fund                                                  | VANGUARD REAL ESTATE ETF                          | CUSIP: 922908553<br>LEI: N/A                  | Long             |  | RF                | US        |     53025 | NS      | $4736193.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDER & BALDWIN, INC.                                                        | ALEXANDER BALDWIN INC                             | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1403 | NS      | $25127.73     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. HORTON, INC.                                                                | DR HORTON INC                                     | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     19803 | NS      | $2337942.18   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHEAST COMMUNITY BANCORP, INC.                                                | NORTHEAST COMMUNITY BANCORP INC                   | CUSIP: 664121100<br>LEI: 5493007BRYL8596Q9L26 | Long             | EC               | CORP              | US        |      6135 | NS      | $138773.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORPORATION                                                     | COSTCO WHOLESALE CORP                             | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      6687 | NS      | $6955683.66   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST FINANCIAL BANCORP.                                                         | FIRST FINANCIAL BANCORP                           | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     13737 | NS      | $331885.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ACUITY INC.                                                                      | ACUITY INC                                        | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9956 | NS      | $2587464.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Company                                                   | EDGEWELL PERSONAL CARE CO                         | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |      6876 | NS      | $189915.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco RAFI Emerging Markets ETF                                                | INVESCO RAFI EMERGING MARKETS ETF                 | CUSIP: 46138E727<br>LEI: N/A                  | Long             |  | RF                | US        |   1301165 | NS      | $28872851.35  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP INDUSTRIES, INC.                                                             | UFP INDUSTRIES INC                                | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      1787 | NS      | $174339.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORPORATION                                                                  | KLA CORP                                          | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      3923 | NS      | $2969240.24   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                                                | JOHNSON JOHNSON                                   | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     37610 | NS      | $5837448.10   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INCORPORATED                                                            | QUALCOMM INC                                      | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     31768 | NS      | $4612713.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| KB HOME                                                                          | KB HOME                                           | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |      5198 | NS      | $268112.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL, INC.                                                       | COREBRIDGE FINANCIAL INC                          | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     90385 | NS      | $2947454.85   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ST. JOE COMPANY                                                              | ST JOE CO                                         | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |       290 | NS      | $12965.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BREAD FINANCIAL HOLDINGS, INC.                                                   | BREAD FINANCIAL HOLDINGS                          | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |      6430 | NS      | $329473.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| METALLUS INC.                                                                    | METALLUS INC                                      | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |      1836 | NS      | $23188.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS, INC.                                                   | SUNSTONE HOTEL INVESTORS INC                      | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |     10049 | NS      | $90039.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC.                                                                     | CUMMINS INC                                       | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     19578 | NS      | $6293935.44   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTREME NETWORKS, INC.                                                           | EXTREME NETWORKS INC                              | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     14670 | NS      | $229878.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CINCINNATI FINANCIAL CORPORATION                                                 | CINCINNATI FINANCIAL CORP                         | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |      9815 | NS      | $1480298.30   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS, INC.                                                            | PAYPAL HOLDINGS INC                               | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     54566 | NS      | $3834898.48   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                                                               | VERTIV HOLDINGS CO                                | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     25581 | NS      | $2760957.33   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                                         | AMERICAN EXPRESS CO                               | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     13761 | NS      | $4046422.05   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWARD SPECIALTY INSURANCE GROUP, INC.                                          | SKYWARD SPECIALTY INSURANCE GROUP INC             | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |      5744 | NS      | $363882.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CARGURUS, INC.                                                                   | CARGURUS INC                                      | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |      6857 | NS      | $214898.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P Small-Cap ETF                                                   | ISHARES CORE S P SMALL CAP ETF                    | CUSIP: 464287804<br>LEI: 549300BZQ17QYN750B25 | Long             |  | RF                | US        |    139690 | NS      | $14719135.30  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, INC.                                                                         | F5 Inc                                            | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |     12408 | NS      | $3540995.04   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX, INC.                                                                    | DROPBOX INC                                       | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     98252 | NS      | $2835552.72   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SM ENERGY COMPANY                                                                | SM ENERGY CO                                      | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |      8306 | NS      | $194526.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| STEELCASE INC.                                                                   | STEELCASE INC CL A                                | CUSIP: 858155203<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | EC               | CORP              | US        |     18055 | NS      | $186147.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares 20+ Year Treasury Bond ETF                               | ISHARES 20 YEAR TREASURY BO                       | CUSIP: 464287432<br>LEI: 549300WWURKS1JGBZU59 | Long             |  | RF                | US        |    275988 | NS      | $23812244.64  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE, INC.                                                                   | AUTOZONE INC                                      | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       207 | NS      | $772739.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ADAPTHEALTH CORP.                                                                | ADAPTHEALTH CORP                                  | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22421 | NS      | $201340.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RANGER ENERGY SERVICES, INC.                                                     | RANGER ENERGY SERVICES INC                        | CUSIP: 75282U104<br>LEI: 549300J7RIVGVAN0RE23 | Long             | EC               | CORP              | US        |     10028 | NS      | $106798.20    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TITAN INTERNATIONAL, INC.                                                        | TITAN INTERNATIONAL INC                           | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |       230 | NS      | $1665.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORPORATION                                                           | FAIR ISAAC CORP                                   | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      1247 | NS      | $2152671.16   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                                                              | FIFTH THIRD BANCORP                               | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      8771 | NS      | $334964.49    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares Core S&P 500 ETF                                         | ISHARES CORE S P 500 ETF                          | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             |  | RF                | US        |    134101 | NS      | $79407907.15  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| W.W. GRAINGER, INC.                                                              | WW GRAINGER INC                                   | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      3184 | NS      | $3462791.04   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| THE MACERICH COMPANY                                                             | THE MACERICH CO                                   | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |      9958 | NS      | $161120.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares, Inc - iShares MSCI Japan ETF                                            | ISHARES MSCI JAPAN ETF                            | CUSIP: 46434G822<br>LEI: 5493008I6YRUC6I0S051 | Long             |  | RF                | US        |    881478 | NS      | $65335149.36  | 2.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Matson Inc                                                                       | MATSON INC                                        | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |      2855 | NS      | $322186.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Fundamental Intl Equity ETF                                               | SCHWAB FUNDAMENTAL INTERNATIONAL EQUITY ETF       | CUSIP: 808524755<br>LEI: N/A                  | Long             |  | RF                | US        |   2905155 | NS      | $113359148.10 | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| WINNEBAGO INDUSTRIES, INC.                                                       | WINNEBAGO INDUSTRIES INC                          | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |      5293 | NS      | $179591.49    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.                                                   | LYONDELLBASELL INDUSTRIES NV                      | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     40553 | NS      | $2290838.97   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                                              | COMCAST CORP                                      | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     75650 | NS      | $2615220.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| THE VITA COCO COMPANY, INC.                                                      | VITA COCO CO INC THE                              | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |      6439 | NS      | $229164.01    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EVOLUTION PETROLEUM CORPORATION                                                  | EVOLUTION PETROLEUM CORP                          | CUSIP: 30049A107<br>LEI: 549300P9ZXGJZ6SSM116 | Long             | EC               | CORP              | US        |     11858 | NS      | $53242.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN COVEY CO.                                                               | FRANKLIN COVEY CO                                 | CUSIP: 353469109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4441 | NS      | $103830.58    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HOPE BANCORP, INC.                                                               | HOPE BANCORP INC                                  | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |     26189 | NS      | $262937.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP, INC.                                                              | EXPEDIA GROUP INC                                 | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21227 | NS      | $3539602.25   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR INC                                                                       | PACCAR INC                                        | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      6793 | NS      | $637523.05    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES, INC.                                                  | UNIVERSAL HEALTH SERVICES                         | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      7082 | NS      | $1348058.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DIME COMMUNITY BANCSHARES, INC.                                                  | DIME COMMUNITY BANCSHARES                         | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9858 | NS      | $252956.28    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO STOXX 50 FUTURE JUN25                                                       | EURO STOXX 50 FUTURE JUN25                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       272 | NC      | $1365464.96   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                                            | INVESCO GVT & AGNCY-INST                          | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  25797574 | NS      | $25797573.83  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                                                                | MERCK CO INC                                      | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    111313 | NS      | $8553290.92   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| OLYMPIC STEEL, INC.                                                              | OLYMPIC STEEL INC                                 | CUSIP: 68162K106<br>LEI: 549300GQ061U6N6KWJ49 | Long             | EC               | CORP              | US        |      5451 | NS      | $161622.15    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMUNITY TRUST BANCORP, INC.                                                    | COMMUNITY TRUST BANCORP INC                       | CUSIP: 204149108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5099 | NS      | $260303.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| T. ROWE PRICE GROUP, INC.                                                        | T ROWE PRICE GROUP INC                            | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      2886 | NS      | $270100.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE ENERGY CORP.                                                                 | OGE ENERGY CORP                                   | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     21465 | NS      | $954548.55    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Limited                                                          | SIGNET JEWELERS LTD                               | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |      3513 | NS      | $233860.41    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte Inc                                                                     | VERACYTE INC                                      | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |        35 | NS      | $931.35       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                                                     | EVERGY INC                                        | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     32389 | NS      | $2150953.49   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CUSHMAN & WAKEFIELD PLC                                                          | CUSHMAN WAKEFIELD PLC                             | CUSIP: G2717B108<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     11902 | NS      | $119377.06    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVATIVE INDUSTRIAL PROPERTIES, INC.                                           | INNOVATIVE INDUSTRIAL PROPERTIES INC              | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |      1240 | NS      | $68472.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ANDERSONS, INC                                                               | THE ANDERSONS INC                                 | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |      5490 | NS      | $194949.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOE CARNIVAL, INC.                                                              | SHOE CARNIVAL INC                                 | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        16 | NS      | $307.52       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MURPHY USA INC.                                                                  | MURPHY USA INC                                    | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      3809 | NS      | $1625643.11   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NATHAN'S FAMOUS, INC.                                                            | NATHAN S FAMOUS INC                               | CUSIP: 632347100<br>LEI: 54930034SKNSF1JIE673 | Long             | EC               | CORP              | US        |       797 | NS      | $85263.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INSIGHT ENTERPRISES, INC.                                                        | INSIGHT ENTERPRISES INC                           | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |      2250 | NS      | $293377.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS, INC.                                                     | CF INDUSTRIES HOLDINGS INC                        | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     39721 | NS      | $3603091.91   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SL GREEN REALTY CORP.                                                            | SL GREEN REALTY CORP                              | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |      2973 | NS      | $168777.21    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical, Inc.                                                   | COLLEGIUM PHARMACEUTICAL INC                      | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |      3950 | NS      | $115103.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGAN, INC.                                                                      | ARGAN INC                                         | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      1322 | NS      | $278016.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of N.T. Butterfield & Son Limited                                       | BANK OF NT BUTTERFIELD SON LTD THE                | CUSIP: G0772R208<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |      9587 | NS      | $404187.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SCORPIO TANKERS INC.                                                             | SCORPIO TANKERS INC                               | CUSIP: Y7542C130<br>LEI: 549300NVJUH16NXG8K87 | Long             | EC               | CORP              | MH        |      3561 | NS      | $141514.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL FUSE INC.                                                                    | BEL FUSE INC                                      | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |      1357 | NS      | $100146.60    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CARETRUST REIT, INC.                                                             | CARETRUST REIT INC                                | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |      6547 | NS      | $188291.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP, INC.                                                                     | NETAPP INC                                        | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     28997 | NS      | $2875342.52   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC.                                                                 | GEN DIGITAL INC                                   | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |    114580 | NS      | $3263238.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                                               | HEWLETT PACKARD ENTERPRISES CO                    | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    223632 | NS      | $3864360.96   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN BSP REALTY TRUST, INC.                                                  | FRANKLIN BSP REALTY TRUST INC                     | CUSIP: 35243J101<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EC               | CORP              | US        |     15815 | NS      | $174439.45    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIAN ASSET MANAGEMENT INC.                                                    | ACADIAN ASSET MANAGEMENT INC                      | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |      5171 | NS      | $155698.81    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ADDUS HOMECARE CORPORATION                                                       | ADDUS HOMECARE CORP                               | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      1029 | NS      | $114126.39    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. BERKLEY CORPORATION                                                        | WR BERKLEY CORP                                   | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     59691 | NS      | $4458320.79   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT PARTNERS INC.                                                                | PJT PARTNERS INC                                  | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |      1284 | NS      | $193447.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENT GROUP LTD                                                                 | ESSENT GROUP LTD                                  | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |      6075 | NS      | $352350.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN INCORPORATED                                                                | ASGN INC                                          | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |      1607 | NS      | $84865.67     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE BANCORP, INC.                                                              | EAGLE BANCORP INC                                 | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |      7525 | NS      | $132440.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMAR ADVERTISING COMPANY                                                        | LAMAR ADVERTISING CO A                            | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     16109 | NS      | $1941778.86   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SANMINA CORPORATION                                                              | SANMINA CORP                                      | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |      5131 | NS      | $434544.39    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                                                    | ALPHABET INC CLASS C                              | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    169915 | NS      | $29369807.75  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA REALTY TRUST                                                              | ACADIA REALTY TRUST                               | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |      7133 | NS      | $137381.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                                                       | QUALYS INC                                        | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |      1412 | NS      | $195632.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BERRY CORPORATION (BRY)                                                          | BERRY CORP                                        | CUSIP: 08579X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22735 | NS      | $54336.65     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EXLSERVICE HOLDINGS, INC.                                                        | EXLSERVICE HOLDINGS INC                           | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |      2394 | NS      | $110100.06    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CORVEL CORPORATION                                                               | CORVEL CORP                                       | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2775 | NS      | $308774.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE, INC.                                                             | HCA HEALTHCARE INC                                | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      2256 | NS      | $860415.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ALLSTATE CORPORATION                                                         | ALLSTATE CORP THE                                 | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     16968 | NS      | $3561074.16   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC.                                                                       | APPLE INC                                         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    219527 | NS      | $44091997.95  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PC CONNECTION, INC.                                                              | PC CONNECTION INC                                 | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |      2674 | NS      | $174879.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION                                                         | DEVON ENERGY CORP                                 | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     27122 | NS      | $820711.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 7-10 Year Treasury Bond ETF                                              | ISHARES 7 10 YEAR TREASURY BOND ETF               | CUSIP: 464287440<br>LEI: N/A                  | Long             |  | RF                | US        |    396847 | NS      | $37529820.79  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB GROUP, INC.                                                                  | HUB GROUP INC CL A                                | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5488 | NS      | $185000.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CNB FINANCIAL CORPORATION                                                        | CNB FINANCIAL CORP PA                             | CUSIP: 126128107<br>LEI: 254900RUYUOKD91VNX69 | Long             | EC               | CORP              | US        |      4961 | NS      | $107504.87    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TEREX CORPORATION                                                                | TEREX CORPORATION                                 | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |      2022 | NS      | $91010.22     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD SECOND BANCORP, INC.                                                         | OLD SECOND BANCORP INC                            | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |     19783 | NS      | $327210.82    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 1-3 Year Treasury Bond ETF                                               | ISHARES 1 3 YEAR TREASURY BOND ETF                | CUSIP: 464287457<br>LEI: 549300W0WX9TL4G6HM56 | Long             |  | RF                | US        |    307256 | NS      | $25394708.40  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNCOKE ENERGY, INC.                                                             | SUNCOKE ENERGY INC                                | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |     20391 | NS      | $165982.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLERKNOLL, INC.                                                                | MILLERKNOLL INC                                   | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |      9786 | NS      | $165089.82    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                                      | LOCKHEED MARTIN CORP                              | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      8726 | NS      | $4209247.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                                                            | GILEAD SCIENCES INC                               | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     57754 | NS      | $6357560.32   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELIXIS, INC.                                                                   | EXELIXIS INC                                      | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     48837 | NS      | $2101944.48   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BUCKLE, INC.                                                                 | BUCKLE INC THE                                    | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |      5081 | NS      | $216501.41    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TOLL BROTHERS, INC.                                                              | TOLL BROTHERS INC                                 | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     28301 | NS      | $2950379.25   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC.                                                                       | JABIL INC                                         | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      1419 | NS      | $238406.19    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Short-Term Bond ETF                                                | VICTORYSHARES SHORT TERM BOND ETF                 | CUSIP: 92647N535<br>LEI: N/A                  | Long             |  | RF                | US        |    991350 | NS      | $50330839.50  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan BetaBuilders Canada ETF                                                 | JPMORGAN BETABUILDERS CANADA ETF                  | CUSIP: 46641Q225<br>LEI: N/A                  | Long             |  | RF                | US        |    448427 | NS      | $35313626.25  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| IDT CORPORATION                                                                  | IDT CORP                                          | CUSIP: 448947507<br>LEI: 549300JNTN7ZMJDFCL56 | Long             | EC               | CORP              | US        |      3525 | NS      | $217104.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMARK GROUP, INC.                                                              | NEWMARK GROUP INC                                 | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11206 | NS      | $123378.06    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORPORATION                                                              | ENTERGY CORP                                      | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      5540 | NS      | $461371.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FOUR CORNERS PROPERTY TRUST, INC.                                                | FOUR CORNERS PROPERTY TRUST INC                   | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |      7346 | NS      | $202823.06    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HARMONY BIOSCIENCES HOLDINGS, INC.                                               | HARMONY BIOSCIENCES HOLDINGS INC                  | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        82 | NS      | $2829.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CAL-MAINE FOODS, INC.                                                            | CAL MAINE FOODS INC                               | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      3711 | NS      | $355996.23    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TRI POINTE HOMES, INC.                                                           | TRI POINTE HOMES INC                              | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9298 | NS      | $274105.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FRONTDOOR, INC.                                                                  | FRONTDOOR INC                                     | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |      3544 | NS      | $194955.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings, Inc                                                               | PROG HOLDINGS INC                                 | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |      3358 | NS      | $96811.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORPORATION                                                         | RALPH LAUREN CORP                                 | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     11350 | NS      | $3141793.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORPORATION                                                               | TARGET CORP                                       | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      5994 | NS      | $563495.94    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IMMERSION CORPORATION                                                            | IMMERSION CORPORATION                             | CUSIP: 452521107<br>LEI: 529900AKNC1UAMQ2YB35 | Long             | EC               | CORP              | US        |     10361 | NS      | $77914.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DOUGLAS EMMETT, INC.                                                             | DOUGLAS EMMETT INC                                | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7850 | NS      | $111705.50    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEGRA LIFESCIENCES HOLDINGS CORPORATION                                        | INTEGRA LIFESCIENCES HOLDINGS                     | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |     16310 | NS      | $206484.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIFF DAVIS, INC.                                                                 | ZIFF DAVIS INC                                    | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |      8097 | NS      | $262666.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares, Inc.                                                        | LIVE OAK BANCSHARES INC                           | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5540 | NS      | $152073.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC.                                                                     | WALMART INC                                       | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     77202 | NS      | $7621381.44   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADSTONE NET LEASE, INC.                                                       | BROADSTONE NET LEASE INC                          | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     15452 | NS      | $245841.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL STORAGE AFFILIATES TRUST                                                | NATIONAL STORAGE AFFILIATES TRUST                 | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |      9127 | NS      | $313968.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECT MEDICAL HOLDINGS CORPORATION                                              | SELECT MEDICAL HOLDINGS CORP                      | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5808 | NS      | $88804.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                                                             | EDISON INTERNATIONAL                              | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     41491 | NS      | $2308974.15   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                                                              | CENTENE CORP                                      | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     52536 | NS      | $2965131.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RESIDEO TECHNOLOGIES, INC.                                                       | RESIDEO TECHNOLOGIES INC                          | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     13912 | NS      | $287978.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHA METALLURGICAL RESOURCES, INC.                                              | ALPHA METALLURGICAL RESOURCES                     | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       133 | NS      | $14901.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS COMPANY                                                           | GENERAL MOTORS CO                                 | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |    161080 | NS      | $7991178.80   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCIAL METALS COMPANY                                                        | COMMERCIAL METALS COMPANY                         | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      2710 | NS      | $126258.90    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS CAPITAL HOLDINGS LIMITED                                                    | AXIS CAPITAL HOLDINGS LTD                         | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |     12910 | NS      | $1340058.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DELUXE CORPORATION                                                               | DELUXE CORP                                       | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |     16088 | NS      | $229575.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                                                         | MOTOROLA SOLUTIONS INC                            | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     16352 | NS      | $6792293.76   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RE/MAX HOLDINGS, INC.                                                            | RE MAX HOLDINGS INC                               | CUSIP: 75524W108<br>LEI: 54930033W2KS56JHAN30 | Long             | EC               | CORP              | US        |       869 | NS      | $6560.95      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| 1ST SOURCE CORPORATION                                                           | FIRST SOURCE                                      | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5620 | NS      | $340347.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EAST WEST BANCORP, INC.                                                          | EAST WEST BANCORP INC                             | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32757 | NS      | $2987438.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.                                                            | CARDINAL HEALTH INC                               | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     54576 | NS      | $8428717.44   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                                                        | VALERO ENERGY CORP                                | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     11531 | NS      | $1487153.07   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core MSCI EAFE ETF                                                       | ISHARES CORE MSCI EAFE ETF                        | CUSIP: 46432F842<br>LEI: N/A                  | Long             |  | RF                | US        |     32626 | NS      | $2693602.56   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT, Inc.                                                     | APPLE HOSPITALITY REIT INC                        | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |     12414 | NS      | $143878.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INCORPORATED                                                           | INGREDION INC                                     | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      8604 | NS      | $1196988.48   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MASCO CORPORATION                                                                | MASCO CORP                                        | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     29428 | NS      | $1836895.76   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR, Inc.                                                                        | NVR INC                                           | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |       582 | NS      | $4141471.26   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTICUS HOLDINGS CORPORATION                                                  | ATLANTICUS HOLDINGS CORP                          | CUSIP: 04914Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2081 | NS      | $102073.05    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MRC GLOBAL INC.                                                                  | MRC GLOBAL INC                                    | CUSIP: 55345K103<br>LEI: 529900TSBPOLCLI2L582 | Long             | EC               | CORP              | US        |     18946 | NS      | $235119.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP, INC.                                                                | EMCOR GROUP INC                                   | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     10399 | NS      | $4906872.14   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE All World ex US Index Fund Investor Shares                         | VANGUARD FTSE ALL WORLD EX US ETF                 | CUSIP: 922042775<br>LEI: N/A                  | Long             |  | RF                | US        |    345717 | NS      | $22551119.91  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                                                                        | CUBESMART                                         | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28642 | NS      | $1224731.92   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD INSURANCE GROUP, INC.                                               | HARTFORD INSURANCE GROUP INC                      | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     27347 | NS      | $3550734.48   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets, Incorporated                                                     | INGLES MARKETS INC CLASS A                        | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |      2940 | NS      | $183162.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| YELP INC.                                                                        | YELP INC                                          | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |      7595 | NS      | $289901.15    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COHEN & STEERS, INC.                                                             | COHEN STEERS INC                                  | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |      1874 | NS      | $143998.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VERITEX HOLDINGS, INC.                                                           | VERITEX HOLDINGS INC                              | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |     10419 | NS      | $252139.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL INSURANCE HOLDINGS, INC.                                               | UNIVERSAL INSURANCE HOLDINGS INC                  | CUSIP: 91359V107<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | EC               | CORP              | US        |      8903 | NS      | $241627.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                                                 | PHILIP MORRIS INTERNATIONAL INC                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     36660 | NS      | $6620429.40   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGALZOOM.COM, INC.                                                              | LEGALZOOM COM INC                                 | CUSIP: 52466B103<br>LEI: 5493000L8EBF74Y9JZ48 | Long             | EC               | CORP              | US        |     20776 | NS      | $189684.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DAVITA INC.                                                                      | DAVITA INC                                        | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |       604 | NS      | $82301.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTONATION, INC.                                                                 | AUTONATION INC                                    | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       345 | NS      | $63428.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KITE REALTY GROUP TRUST                                                          | KITE REALTY GROUP TRUST                           | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10158 | NS      | $224694.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Core Plus Int Bd ETF                                               | VICTORYSHARES CORE PLUS INTERMEDIATE BOND ETF     | CUSIP: 92647X863<br>LEI: N/A                  | Long             |  | RF                | US        |   8819323 | NS      | $190497376.80 | 7.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Progyny Inc                                                                      | PROGYNY INC                                       | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9865 | NS      | $212097.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMKOR TECHNOLOGY, INC.                                                           | AMKOR TECHNOLOGY INC                              | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |      4245 | NS      | $76494.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                                                                      | ABBVIE INC                                        | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     44053 | NS      | $8198703.83   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JAKKS PACIFIC, INC.                                                              | JAKKS PACIFIC INC                                 | CUSIP: 47012E403<br>LEI: 549300UEF3348JRXQ295 | Long             | EC               | CORP              | US        |      7353 | NS      | $148015.89    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GREIF, INC.                                                                      | GREIF INC CL A                                    | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |      3946 | NS      | $219397.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC.                                                                 | CATERPILLAR INC                                   | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      6283 | NS      | $2186672.49   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TAYLOR MORRISON HOME CORPORATION                                                 | TAYLOR MORRISON HOME CORP                         | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |      6675 | NS      | $375669.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANSIX INC.                                                                    | ADVANSIX INC                                      | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |      6433 | NS      | $151239.83    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS, INC.                                                             | UNITED RENTALS INC                                | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       796 | NS      | $563870.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOM COMMUNICATIONS, INC.                                                        | ZOOM COMMUNICATIONS INC                           | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     37247 | NS      | $3026318.75   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| VERINT SYSTEMS INC.                                                              | VERINT SYSTEMS INC                                | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |      3659 | NS      | $64178.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG BANCORP                                                                      | OFG BANCORP                                       | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |      9207 | NS      | $378775.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SPROUTS FARMERS MARKET, INC.                                                     | SPROUTS FARMERS MARKET INC                        | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      1201 | NS      | $207604.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPIRE STATE REALTY TRUST, INC.                                                  | EMPIRE STATE REALTY TRUST A                       | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |       525 | NS      | $4021.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE NATURAL RESOURCES, INC.                                                     | CORE NATURAL RESOURCES INC                        | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |       113 | NS      | $7830.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HAMILTON BEACH BRANDS HOLDING COMPANY                                            | HAMILTON BEACH BRANDS HOLDING CO                  | CUSIP: 40701T104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4319 | NS      | $78908.13     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAR SECURE, INC.                                                               | CLEAR SECURE INC                                  | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9246 | NS      | $228838.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                                                      | PFIZER INC                                        | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    221100 | NS      | $5193639.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS EDISON & COMPANY, INC.                                                  | PHILLIPS EDISON CO INC                            | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |      7053 | NS      | $250099.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GENCO SHIPPING & TRADING LIMITED                                                 | GENCO SHIPPING TRADING LTD                        | CUSIP: Y2685T131<br>LEI: 5493003MBZ5GU8QHXZ58 | Long             | EC               | CORP              | MH        |     10338 | NS      | $136875.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                                             | LXP INDUSTRIAL TRUST                              | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |     26765 | NS      | $229643.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINET GROUP, INC.                                                               | TRINET GROUP INC                                  | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |      2159 | NS      | $179650.39    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTISAN PARTNERS ASSET MANAGEMENT INC.                                           | ARTISAN PARTNERS ASSET MA A                       | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |      2741 | NS      | $110462.30    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Intl Momentum Factor ETF                                            | ISHARES MSCI INTERNAL MOM                         | CUSIP: 46434V449<br>LEI: N/A                  | Long             |  | RF                | US        |   1126357 | NS      | $50336894.33  | 1.87%             |  |  |  | No            |                  1 | On Loan: —       |
| KORN FERRY                                                                       | KORN FERRY                                        | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |      3114 | NS      | $211783.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNAR CORPORATION                                                               | LENNAR CORP CLASS A                               | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     26882 | NS      | $2851642.56   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMMONS FIRST NATIONAL CORPORATION                                               | SIMMONS FIRST NATL CORP CL A                      | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |     14849 | NS      | $278567.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DOCUSIGN, INC.                                                                   | DOCUSIGN INC                                      | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     37486 | NS      | $3321634.46   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORPORATION                                                               | INCYTE PHARMACEUTICALS INC                        | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     30740 | NS      | $1999944.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORPORATION                                                  | UNITED THERAPEUTICS CORP                          | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      9735 | NS      | $3104004.75   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HEALTHCARE REIT, INC.                                                   | AMERICAN HEALTHCARE REIT INC                      | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |      4736 | NS      | $165475.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OVINTIV INC.                                                                     | OVINTIV INC                                       | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     41585 | NS      | $1489574.70   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Xtrackers USD High Yld Corporate Bd ETF                                          | XTRACKERS USD HIGH YIELD CORPORATE BOND ETF       | CUSIP: 233051432<br>LEI: N/A                  | Long             |  | RF                | US        |    286722 | NS      | $10453884.12  | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| AMERICAN WOODMARK CORPORATION                                                    | AMERICAN WOODMARK CORP                            | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |      2918 | NS      | $164487.66    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES, INC.                                                | EQUITY LIFESTYLE PROPERTIES INC                   | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     21746 | NS      | $1382393.22   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Gold Miners ETF                                                           | VANECK GOLD MINERS ETF USA                        | CUSIP: 92189F106<br>LEI: N/A                  | Long             |  | RF                | US        |     85250 | NS      | $4317912.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| VERICEL CORPORATION                                                              | VERICEL CORP                                      | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |        81 | NS      | $3344.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc.                                                              | COTERRA ENERCOTERRA ENERGY INC                    | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     68593 | NS      | $1667495.83   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                                                    | REGIONS FINANCIAL CORP                            | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     25681 | NS      | $550600.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INSTALLED BUILDING PRODUCTS, INC.                                                | INSTALLED BUILDING PRODUCTS                       | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |       900 | NS      | $143532.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITY BANCORP, INC                                                               | UNITY BANCORP INC                                 | CUSIP: 913290102<br>LEI: 549300Q90ZRNUR65PL93 | Long             | EC               | CORP              | US        |      2723 | NS      | $120370.22    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHN WILEY & SONS, INC.                                                          | WILEY JOHN SONS CLASS A                           | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |      1891 | NS      | $73975.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP.                                                           | US FOODS HOLDING CORP                             | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     31997 | NS      | $2531602.64   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Total Bond Market Index Fund                                            | VANGUARD TOTAL BOND MARKET ETF                    | CUSIP: 921937835<br>LEI: N/A                  | Long             |  | RF                | US        |    169151 | NS      | $12309118.27  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GODADDY INC.                                                                     | GODADDY INC CLASS A                               | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     33574 | NS      | $6115504.10   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Equity Index Funds - Vanguard Emerging Markets Stock Inde | VANGUARD FTSE EMERGING MARKETS ETF                | CUSIP: 922042858<br>LEI: YNHDFX2L9SSID3XIIE57 | Long             |  | RF                | US        |    288803 | NS      | $13573741.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| CROWN CASTLE INC.                                                                | CROWN CASTLE INC                                  | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     31895 | NS      | $3200663.25   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTEGROUP, INC.                                                                 | PULTEGROUP INC                                    | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31005 | NS      | $3039420.15   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold Shares                                                                 | SPDR GOLD SHARES ETF                              | CUSIP: 78463V107<br>LEI: N/A                  | Long             |  | RF                | US        |    142211 | NS      | $43175259.60  | 1.60%             |  |  |  | No            |                  1 | On Loan: —       |
| PHOTRONICS, INC.                                                                 | PHOTRONICS INC                                    | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |      7783 | NS      | $130053.93    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORPORATION                                                                | SYSCO CORP                                        | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     34171 | NS      | $2494483.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HOLDINGS, INC.                                                            | LEIDOS HOLDINGS INC                               | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     24724 | NS      | $3672008.48   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HOVNANIAN ENTERPRISES, INC.                                                      | HOVNANIAN ENTERPRISES INC                         | CUSIP: 442487401<br>LEI: 549300805N4EF0ROBT53 | Long             | EC               | CORP              | US        |        39 | NS      | $3520.92      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                                                  | UNITEDHEALTH GROUP INC                            | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     10718 | NS      | $3235871.38   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES, INC.                                                            | DELTA AIR LINES INC                               | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     90111 | NS      | $4360471.29   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLE PUBLIC LIMITED COMPANY                                                      | DOLE PLC                                          | CUSIP: G27907107<br>LEI: 635400JUG5XJXOPPJJ47 | Long             | EC               | CORP              | IE        |     15759 | NS      | $223147.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGA TECHNOLOGIES, INC.                                                          | SIGA TECHNOLOGIES INC                             | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36059 | NS      | $215632.82    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                              | SYNCHRONY FINANCIAL                               | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     89221 | NS      | $5143590.65   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HANMI FINANCIAL CORPORATION                                                      | HANMI FINANCIAL CORP                              | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |     11742 | NS      | $269126.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc.                                                                       | SPIRE INC                                         | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      3145 | NS      | $236755.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                                                             | MCKESSON CORP                                     | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     11952 | NS      | $8599583.52   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SPARTANNASH COMPANY                                                              | SPARTANNASH CO                                    | CUSIP: 847215100<br>LEI: 549300TV3QCCSQLF5X16 | Long             | EC               | CORP              | US        |      7290 | NS      | $141863.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MATADOR RESOURCES COMPANY                                                        | MATADOR RESOURCES CO                              | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      2642 | NS      | $113632.42    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYALTY PHARMA PLC                                                               | ROYALTY PHARMA PLC                                | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |     83543 | NS      | $2746893.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SCANSOURCE, INC.                                                                 | SCANSOURCE INC                                    | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |      4576 | NS      | $184778.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHN B. SANFILIPPO & SON, INC.                                                   | JOHN B SANFILIPPO SON INC                         | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |      2837 | NS      | $176291.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOISE CASCADE COMPANY                                                            | BOISE CASCADE CO                                  | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |      3255 | NS      | $282794.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE, INC.                                                                   | RELIANCE INC                                      | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      4360 | NS      | $1276695.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CACTUS, INC.                                                                     | CACTUS INC                                        | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |      2287 | NS      | $93767.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                                                     | PROCTER GAMBLE CO                                 | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     21074 | NS      | $3580261.86   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Total Stock Market Index Fund                                           | VANGUARD TOTAL STOCK MARKET ETF                   | CUSIP: 922908769<br>LEI: N/A                  | Long             |  | RF                | US        |    127648 | NS      | $37002602.24  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| IRadimed Corp                                                                    | IRADIMED CORP                                     | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               | CORP              | US        |      2083 | NS      | $120564.04    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares WestEnd Economic Cycle Bond ETF                                    | VICTORYSHARES WESTEND ECONOMIC CYCLE BOND ETF     | CUSIP: 92647X780<br>LEI: N/A                  | Long             |  | RF                | US        |   2729841 | NS      | $67979865.50  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE ENERGY, INC.                                                                 | MGE ENERGY INC                                    | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2224 | NS      | $200871.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KULICKE AND SOFFA INDUSTRIES, INC.                                               | KULICKE SOFFA INDUSTRIES INC                      | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |      3954 | NS      | $127121.10    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE COMPANY                                                        | COLGATE PALMOLIVE CO                              | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     37190 | NS      | $3456438.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY TRUST, INC.                                                       | ESSEX PROPERTY TRUST INC                          | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      1548 | NS      | $439477.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT DEFENSE PROPERTIES                                                          | COPT DEFENSE PROPERTIES                           | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |      6963 | NS      | $191134.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TEEKAY CORPORATION LTD.                                                          | TEEKAY CORP LTD                                   | CUSIP: G8726T105<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     25602 | NS      | $216336.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILD-A-BEAR WORKSHOP, INC.                                                      | BUILD A BEAR WORKSHOP INC                         | CUSIP: 120076104<br>LEI: 529900S9MWZC1UBF3D13 | Long             | EC               | CORP              | US        |        88 | NS      | $4491.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSENSUS CLOUD SOLUTIONS, INC.                                                  | CONSENSUS CLOUD SOLUTIONS INC                     | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6241 | NS      | $137114.77    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PUBLIC LIMITED COMPANY                                                       | CRH PLC                                           | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     35904 | NS      | $3273008.64   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE, INC.                                                          | MOLINA HEALTHCARE INC                             | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |      5034 | NS      | $1535571.36   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRA HEALTH CARE REIT, INC.                                                     | SABRA HEALTH CARE REIT INC                        | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |      9314 | NS      | $162808.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECTIVE INSURANCE GROUP, INC.                                                  | SELECTIVE INSURANCE GROUP INC                     | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      2226 | NS      | $195932.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                                           | ISHARES CORE MSCI EMERGING                        | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             |  | RF                | US        |    587166 | NS      | $33286440.54  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                                                    | ALPHABET INC CLASS A                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     21231 | NS      | $3646211.94   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                                                            | MICROSOFT CORP                                    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     41755 | NS      | $19222331.80  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA, INC.                                                                    | CENCORA INC                                       | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      2017 | NS      | $587431.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CRICUT, INC.                                                                     | CRICUT INC                                        | CUSIP: 22658D100<br>LEI: 254900R3DKAJ28MC0Q39 | Long             | EC               | CORP              | US        |     27117 | NS      | $164329.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings Inc                                                | SUN COUNTRY AIRLINES HOLDINGS INC                 | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |     18582 | NS      | $215179.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMALGAMATED FINANCIAL CORP.                                                      | AMALGAMATED FINANCIAL CORP                        | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10625 | NS      | $321087.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PRESTIGE CONSUMER HEALTHCARE INC.                                                | PRESTIGE CONSUMER HEALTHCARE INC                  | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1786 | NS      | $153006.62    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                                                              | EOG RESOURCES INC                                 | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     59105 | NS      | $6417029.85   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust - SPDR S&P Biotech ETF                                         | SPDR S P BIOTECH ETF                              | CUSIP: 78464A870<br>LEI: 549300Y3ODFMPD5XXL58 | Long             |  | RF                | US        |     16766 | NS      | $1327699.54   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I HOMES, INC.                                                                  | M I HOMES INC                                     | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |      1718 | NS      | $183155.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Core Intermediate Bond ETF                                         | VICTORYSHARES CORE INTERMEDIATE BOND ETF          | CUSIP: 92647N527<br>LEI: N/A                  | Long             |  | RF                | US        |   8400445 | NS      | $390539208.18 | 14.50%            |  |  |  | No            |                  1 | On Loan: No      |
| THE HOME DEPOT, INC.                                                             | HOME DEPOT INC THE                                | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      9338 | NS      | $3439092.02   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TERRENO REALTY CORPORATION                                                       | TERRENO REALTY CORP                               | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3801 | NS      | $214452.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FTSE 100 INDEX FUTURE JUN25                                                      | FTSE 100 INDEX FUTURE JUN25                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |      -481 | NC      | $-1199631.40  | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                                                               | NVIDIA CORP                                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    343198 | NS      | $46376345.74  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC.                                                             | VICI PROPERTIES INC                               | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     13147 | NS      | $416891.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Fundamental Intl Small Equity ETF                                         | SCHWAB FUNDAMENTAL INTERNATIONAL SMALL EQUITY ETF | CUSIP: 808524748<br>LEI: N/A                  | Long             |  | RF                | US        |    593600 | NS      | $23880528.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: —       |
| STERLING INFRASTRUCTURE, INC.                                                    | STERLING INFRASTRUCTURE                           | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      1358 | NS      | $255317.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS, INC.                                                  | REGENERON PHARMACEUTICALS INC                     | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      2840 | NS      | $1392395.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORPORATION                                                            | TD SYNNEX CORP                                    | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     12433 | NS      | $1508620.22   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GRIFFON CORPORATION                                                              | GRIFFON CORP                                      | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |      2253 | NS      | $154893.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                                                | CAPITAL ONE FINANCIAL CORP                        | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      4947 | NS      | $935725.05    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Inc - iShares MSCI Canada ETF                                            | ISHARES MSCI CANADA ETF                           | CUSIP: 464286509<br>LEI: 549300DXCD53F4JK3H45 | Long             |  | RF                | US        |    946607 | NS      | $42559450.72  | 1.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Niagen Bioscience Inc                                                            | NIAGEN BIOSCIENCE INC                             | CUSIP: 171077407<br>LEI: 529900OPI7B8JPXCVS70 | Long             | EC               | CORP              | US        |     20980 | NS      | $227003.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE GAS, INC.                                                                    | ONE GAS INC                                       | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |       231 | NS      | $17269.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                                                               | DTE ENERGY CO                                     | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     24316 | NS      | $3322781.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CONSOLIDATED, INC.                                                     | COCA COLA CONSOLIDATED INC                        | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |     14350 | NS      | $1645227.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MONARCH CASINO & RESORT, INC.                                                    | MONARCH CASINO RESORT INC                         | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |      1839 | NS      | $153997.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LANTHEUS HOLDINGS, INC.                                                          | LANTHEUS HOLDINGS INC                             | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |      2877 | NS      | $217386.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HACKETT GROUP, INC.                                                          | HACKETT GROUP INC THE                             | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |      5557 | NS      | $136257.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                             | JPMORGAN CHASE CO                                 | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     56790 | NS      | $14992560.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSCOUT SYSTEMS, INC.                                                           | NETSCOUT SYSTEMS INC                              | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |      7260 | NS      | $165818.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WORLD ACCEPTANCE CORPORATION                                                     | WORLD ACCEPTANCE CORP                             | CUSIP: 981419104<br>LEI: 529900M7JQUDCH7Q9153 | Long             | EC               | CORP              | US        |       974 | NS      | $150463.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RYMAN HOSPITALITY PROPERTIES, INC.                                               | RYMAN HOSPITALITY PROPERTIES INC                  | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |      2242 | NS      | $217720.62    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HANCOCK WHITNEY CORPORATION                                                      | HANCOCK WHITNEY CORP                              | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |      4583 | NS      | $250552.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LADDER CAPITAL CORP                                                              | LADDER CAPITAL CORP                               | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |     19791 | NS      | $208201.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION                                                             | AMPHENOL CORP CLASS A                             | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     28292 | NS      | $2544299.56   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JACKSON FINANCIAL INC.                                                           | JACKSON FINANCIAL INC                             | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |      4435 | NS      | $363270.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins, Inc.                                                                    | HAWKINS INC                                       | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      2476 | NS      | $330521.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY ENERGY INC.                                                              | LIBERTY ENERGY INC                                | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7429 | NS      | $86102.11     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core US Aggregate Bond ETF                                               | ISHARES CORE U S AGGREGATE BOND ETF               | CUSIP: 464287226<br>LEI: N/A                  | Long             |  | RF                | US        |    396297 | NS      | $38876735.70  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORPORATION                                                      | DECKERS OUTDOOR CORP                              | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     18776 | NS      | $1981243.52   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                                                                    | NISOURCE INC                                      | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     63779 | NS      | $2521821.66   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION CARE HEALTH, INC.                                                         | OPTION CARE HEALTH INC                            | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |        82 | NS      | $2679.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                                                             | META PLATFORMS INC                                | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     41945 | NS      | $27158968.05  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY, INC.                                                                 | NRG ENERGY INC                                    | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     18716 | NS      | $2917824.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLISLE COMPANIES INCORPORATED                                                  | CARLISLE COMPANIES INC                            | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      9271 | NS      | $3524648.78   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Tax Managed Fund FTSE Developed Markets ETF                             | VANGUARD FTSE DEVELOPED MARKET                    | CUSIP: 921943858<br>LEI: N/A                  | Long             |  | RF                | US        |   2937951 | NS      | $163291316.58 | 6.06%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION                                                      | PROGRESSIVE CORP                                  | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     13043 | NS      | $3716341.99   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL SEAWAYS, INC.                                                      | INTERNATIONAL SEAWAYS INC                         | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |      5464 | NS      | $202441.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LIQUIDITY SERVICES, INC.                                                         | LIQUIDITY SERVICES INC                            | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |      8217 | NS      | $192031.29    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUELINX HOLDINGS INC.                                                           | BLUELINX HOLDINGS INC                             | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |      3268 | NS      | $218694.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                                                        | VISA INC CLASS A                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      5866 | NS      | $2142204.54   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                                      | VERIZON COMMUNICATIONS INC                        | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    216497 | NS      | $9517208.12   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA, INC.                                                        | COMFORT SYSTEMS USA INC                           | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      8213 | NS      | $3927702.99   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corporation                                          | BANK OF NEW YORK MELLON CORP                      | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     25889 | NS      | $2294024.29   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO COMMERCIAL REAL ESTATE FINANCE, INC.                                      | APOLLO COMMERCIAL REAL ESTATE FINANCE INC         | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |     13621 | NS      | $133894.43    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CATALYST PHARMACEUTICALS, INC.                                                   | CATALYST PHARMACEUTICALS INC                      | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |       415 | NS      | $10358.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CABLE ONE, INC.                                                                  | CABLE ONE INC                                     | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      1300 | NS      | $190229.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                                             | HSBC US GOVT MMKT-I                               | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  25797574 | NS      | $25797573.83  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SWISS MKT IX FUTR JUN25                                                          | SWISS MKT IX FUTR JUN25                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |       171 | NC      | $-554351.53   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer