# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0002048251-25-000377
**Filing Date:** 2025-9
**Character Count:** 49537
**Document Hash:** 31901d2c813a74d56405491c1b74ecb0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-000377.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0002048251-25-000377

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS' INNER CIRCLE FUND
- **CENTRAL INDEX KEY:** 0000878719

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 251348338

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 8009327781

**MAIL ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADVISORS INNER CIRCLE FUND
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### LSV U.S. MANAGED VOLATILITY FUND (Series ID: S000045798)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000142756 | Institutional Class Shares | LSVMX           |
| C000142757 | Investor Class Shares      | LVAMX           |

## Nport-Ex

**Schedule of Investments**<br> July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** |
|  | Shares | Value (000) |
| **Common Stock (98.4%)** | **Common Stock (98.4%)** | **Common Stock (98.4%)** |
| **Communication Services (9.6%)** | **Communication Services (9.6%)** | **Communication Services (9.6%)** |
| &nbsp;&nbsp;&nbsp;AT&T | 24000 | $657 |
| &nbsp;&nbsp;&nbsp;Cogeco Communications | 1900 | 86 |
| &nbsp;&nbsp;&nbsp;Comcast, Cl A | 9000 | 299 |
| &nbsp;&nbsp;&nbsp;Fox | 4000 | 223 |
| &nbsp;&nbsp;&nbsp;SK Telecom ADR | 4900 | 109 |
| &nbsp;&nbsp;&nbsp;T-Mobile US | 400 | 95 |
| &nbsp;&nbsp;&nbsp;Verizon Communications | 14800 | 632 |
| &nbsp;&nbsp;&nbsp;Yelp, Cl A\* | 4000 | 138 |
|  |  | 2239 |
| **Consumer Discretionary (7.5%)** | **Consumer Discretionary (7.5%)** | **Consumer Discretionary (7.5%)** |
| &nbsp;&nbsp;&nbsp;ADT | 16000 | 134 |
| &nbsp;&nbsp;&nbsp;Autoliv | 900 | 100 |
| &nbsp;&nbsp;&nbsp;BorgWarner | 5000 | 184 |
| &nbsp;&nbsp;&nbsp;Canadian Tire, Cl A | 1100 | 147 |
| &nbsp;&nbsp;&nbsp;eBay | 4700 | 432 |
| &nbsp;&nbsp;&nbsp;H&R Block | 5100 | 277 |
| &nbsp;&nbsp;&nbsp;Honda Motor ADR | 8700 | 272 |
| &nbsp;&nbsp;&nbsp;La-Z-Boy, Cl Z | 2500 | 90 |
| &nbsp;&nbsp;&nbsp;Mattel\* | 9600 | 163 |
|  |  | 1799 |
| **Consumer Staples (11.9%)** | **Consumer Staples (11.9%)** | **Consumer Staples (11.9%)** |
| &nbsp;&nbsp;&nbsp;Albertsons, Cl A | 11400 | 219 |
| &nbsp;&nbsp;&nbsp;Altria Group | 6300 | 391 |
| &nbsp;&nbsp;&nbsp;Archer-Daniels-Midland | 3500 | 190 |
| &nbsp;&nbsp;&nbsp;Bunge Global | 1700 | 136 |
| &nbsp;&nbsp;&nbsp;Campbell Soup | 3800 | 121 |
| &nbsp;&nbsp;&nbsp;Conagra Brands | 4300 | 79 |
| &nbsp;&nbsp;&nbsp;Fresh Del Monte Produce | 6000 | 225 |
| &nbsp;&nbsp;&nbsp;General Mills | 2700 | 132 |
| &nbsp;&nbsp;&nbsp;Ingredion | 1200 | 158 |
| &nbsp;&nbsp;&nbsp;JM Smucker | 1700 | 182 |
| &nbsp;&nbsp;&nbsp;Kraft Heinz | 8100 | 222 |
| &nbsp;&nbsp;&nbsp;Kroger | 7000 | 491 |
| &nbsp;&nbsp;&nbsp;Molson Coors Beverage, Cl B | 6300 | 307 |
|  |  | 2853 |
| **Energy (3.9%)** | **Energy (3.9%)** | **Energy (3.9%)** |
| &nbsp;&nbsp;&nbsp;Chevron | 1800 | 273 |
| &nbsp;&nbsp;&nbsp;Eni ADR | 6900 | 235 |
| &nbsp;&nbsp;&nbsp;ExxonMobil | 2800 | 313 |
| &nbsp;&nbsp;&nbsp;TotalEnergies ADR | 1600 | 95 |
|  |  | 916 |
| **Financials (15.2%)** | **Financials (15.2%)** | **Financials (15.2%)** |
| &nbsp;&nbsp;&nbsp;Aflac | 1400 | 139 |
| &nbsp;&nbsp;&nbsp;Axis Capital Holdings | 1800 | 169 |
| &nbsp;&nbsp;&nbsp;Bank of New York Mellon | 6000 | 609 |
| &nbsp;&nbsp;&nbsp;Bank of Nova Scotia | 1500 | 83 |
| &nbsp;&nbsp;&nbsp;Canadian Imperial Bank of Commerce | 2800 | 201 |
| &nbsp;&nbsp;&nbsp;Citigroup | 2800 | 263 |

---

---

| | | | |
|:---|:---|:---|:---|
| **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** |
|  | Shares | Value (000) | Value (000) |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| &nbsp;&nbsp;&nbsp;Everest Group | 400 | $| 134 |
| &nbsp;&nbsp;&nbsp;Federated Hermes, Cl B | 4300 |  | 213 |
| &nbsp;&nbsp;&nbsp;Hartford Financial Services Group | 1800 |  | 224 |
| &nbsp;&nbsp;&nbsp;HSBC Holdings ADR | 4800 |  | 294 |
| &nbsp;&nbsp;&nbsp;Loews | 2100 |  | 190 |
| &nbsp;&nbsp;&nbsp;MetLife | 1100 |  | 84 |
| &nbsp;&nbsp;&nbsp;MGIC Investment | 4300 |  | 111 |
| &nbsp;&nbsp;&nbsp;Old Republic International | 6500 |  | 234 |
| &nbsp;&nbsp;&nbsp;Sixth Street Specialty Lending | 4700 |  | 114 |
| &nbsp;&nbsp;&nbsp;State Street | 2200 |  | 246 |
| &nbsp;&nbsp;&nbsp;Unum Group | 2900 |  | 208 |
| &nbsp;&nbsp;&nbsp;Western Union | 16800 |  | 135 |
|  |  |  | 3651 |
| **Health Care (13.1%)** | **Health Care (13.1%)** | **Health Care (13.1%)** | **Health Care (13.1%)** |
| &nbsp;&nbsp;&nbsp;Amgen | 400 |  | 118 |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 5100 |  | 221 |
| &nbsp;&nbsp;&nbsp;Cardinal Health | 1100 |  | 171 |
| &nbsp;&nbsp;&nbsp;Centene\* | 3100 |  | 81 |
| &nbsp;&nbsp;&nbsp;Cigna Group | 500 |  | 134 |
| &nbsp;&nbsp;&nbsp;CVS Health | 2700 |  | 168 |
| &nbsp;&nbsp;&nbsp;Exelixis\* | 7700 |  | 279 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences | 4100 |  | 460 |
| &nbsp;&nbsp;&nbsp;GSK ADR | 5800 |  | 215 |
| &nbsp;&nbsp;&nbsp;Incyte\* | 2900 |  | 217 |
| &nbsp;&nbsp;&nbsp;Jazz Pharmaceuticals\* | 1300 |  | 149 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 1600 |  | 263 |
| &nbsp;&nbsp;&nbsp;Merck | 3100 |  | 242 |
| &nbsp;&nbsp;&nbsp;Organon | 1300 |  | 13 |
| &nbsp;&nbsp;&nbsp;Pfizer | 11300 |  | 263 |
| &nbsp;&nbsp;&nbsp;United Therapeutics\* | 400 |  | 110 |
|  |  |  | 3104 |
| **Industrials (7.0%)** | **Industrials (7.0%)** | **Industrials (7.0%)** | **Industrials (7.0%)** |
| &nbsp;&nbsp;&nbsp;ABM Industries | 3528 |  | 163 |
| &nbsp;&nbsp;&nbsp;Allison Transmission Holdings | 2400 |  | 216 |
| &nbsp;&nbsp;&nbsp;Brink's | 1170 |  | 102 |
| &nbsp;&nbsp;&nbsp;CSG Systems International | 3700 |  | 231 |
| &nbsp;&nbsp;&nbsp;Cummins | 400 |  | 147 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin | 500 |  | 211 |
| &nbsp;&nbsp;&nbsp;Maximus | 1700 |  | 126 |
| &nbsp;&nbsp;&nbsp;Science Applications International | 1600 |  | 178 |
| &nbsp;&nbsp;&nbsp;Snap-on | 400 |  | 128 |
| &nbsp;&nbsp;&nbsp;Textron | 2600 |  | 202 |
|  |  |  | 1704 |
| **Information Technology (21.2%)** | **Information Technology (21.2%)** | **Information Technology (21.2%)** | **Information Technology (21.2%)** |
| &nbsp;&nbsp;&nbsp;Alarm.com Holdings\* | 1900 |  | 104 |
| &nbsp;&nbsp;&nbsp;Amdocs | 6400 |  | 547 |
| &nbsp;&nbsp;&nbsp;Arrow Electronics\* | 2000 |  | 232 |
| &nbsp;&nbsp;&nbsp;Avnet | 4500 |  | 238 |

---

**Schedule of Investments**<br> July 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** |
|  | Shares | Value (000) | Value (000) |
| **Information Technology (continued)** | **Information Technology (continued)** | **Information Technology (continued)** | **Information Technology (continued)** |
| &nbsp;&nbsp;&nbsp;Canon ADR | 9000 | $| 256 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 9100 |  | 620 |
| &nbsp;&nbsp;&nbsp;Cognizant Technology Solutions, Cl A | 4200 |  | 301 |
| &nbsp;&nbsp;&nbsp;Dropbox, Cl A\* | 12900 |  | 351 |
| &nbsp;&nbsp;&nbsp;F5\* | 800 |  | 251 |
| &nbsp;&nbsp;&nbsp;Gen Digital | 10800 |  | 318 |
| &nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise | 15000 |  | 311 |
| &nbsp;&nbsp;&nbsp;HP | 10500 |  | 260 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 1300 |  | 329 |
| &nbsp;&nbsp;&nbsp;NetApp | 1700 |  | 177 |
| &nbsp;&nbsp;&nbsp;NetScout Systems\* | 4500 |  | 96 |
| &nbsp;&nbsp;&nbsp;Nokia ADR | 34900 |  | 143 |
| &nbsp;&nbsp;&nbsp;Open Text | 6600 |  | 194 |
| &nbsp;&nbsp;&nbsp;TD SYNNEX | 2500 |  | 361 |
|  |  |  | 5089 |
| **Materials (2.9%)** | **Materials (2.9%)** | **Materials (2.9%)** | **Materials (2.9%)** |
| &nbsp;&nbsp;&nbsp;CF Industries Holdings | 1500 |  | 139 |
| &nbsp;&nbsp;&nbsp;Glatfelter\* | 552 |  | 7 |
| &nbsp;&nbsp;&nbsp;Graphic Packaging Holding | 2600 |  | 58 |
| &nbsp;&nbsp;&nbsp;NewMarket | 500 |  | 344 |
| &nbsp;&nbsp;&nbsp;Sonoco Products | 3300 |  | 149 |
|  |  |  | 697 |
| **Real Estate (0.3%)** | **Real Estate (0.3%)** | **Real Estate (0.3%)** | **Real Estate (0.3%)** |
| &nbsp;&nbsp;&nbsp;EPR Properties<sup>‡</sup> | 1400 |  | 77 |
| **Utilities (5.8%)** | **Utilities (5.8%)** | **Utilities (5.8%)** | **Utilities (5.8%)** |
| &nbsp;&nbsp;&nbsp;American Electric Power | 1400 |  | 158 |
| &nbsp;&nbsp;&nbsp;Evergy | 2700 |  | 191 |
| &nbsp;&nbsp;&nbsp;Eversource Energy | 3100 |  | 205 |
| &nbsp;&nbsp;&nbsp;Exelon | 4000 |  | 180 |
| &nbsp;&nbsp;&nbsp;National Fuel Gas | 3300 |  | 287 |
| &nbsp;&nbsp;&nbsp;Pinnacle West Capital | 1200 |  | 109 |
| &nbsp;&nbsp;&nbsp;Portland General Electric | 3000 |  | 123 |
| &nbsp;&nbsp;&nbsp;UGI | 3900 |  | 141 |
|  |  |  | 1394 |
| **TOTAL COMMON STOCK** | **TOTAL COMMON STOCK** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $20,738)  | &nbsp;&nbsp;&nbsp;(Cost $20,738)  |  | 23523 |

---

---

| | | |
|:---|:---|:---|
| **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** |
|  | Face Amount (000) | Value (000) |
| **Repurchase Agreement (1.0%)** | **Repurchase Agreement (1.0%)** | **Repurchase Agreement (1.0%)** |
| &nbsp;&nbsp;&nbsp;South Street Securities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, dated 07/31/2025, to be repurchased on 08/01/2025, repurchase price $242 (collateralized by various U.S. Treasury obligations, ranging in par value $0 - $67, 0.625% - 4.625%, 07/31/2026 – 01/31/2032; total market value $247) | $242 | $242 |
| **TOTAL REPURCHASE AGREEMENT** | **TOTAL REPURCHASE AGREEMENT** |  |
| &nbsp;&nbsp;&nbsp;(Cost $242)  | &nbsp;&nbsp;&nbsp;(Cost $242)  | 242 |
| **Total Investments – 99.4%** | **Total Investments – 99.4%** |  |
| &nbsp;&nbsp;&nbsp;(Cost $20,980)  | &nbsp;&nbsp;&nbsp;(Cost $20,980)  | $23765 |

---

*Percentages are based on Net Assets of $23,905 (000).* 

*\** *Non-income producing security.* <br> *<sup>‡</sup>* *Real Estate Investment Trust.*

*ADR — American Depositary Receipt* <br> *Cl — Class*

 

*LSV-QH-007-2300*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE FUND

- **b. Investment Company Act file number:** 811-06400

- **c. CIK number of Registrant:** 0000878719

- **d. LEI of Registrant:** 549300LRWL70Z8CGWD77

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

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

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

- **a. Name of Series:** LSV U.S. Managed Volatility Fund

- **b. EDGAR series identifier (if any):** S000045798

- **c. LEI of Series:** 549300XO8REARCKL8558

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $23930851.98

**Total Liabilities:** $25819.93

**Net Assets:** $23905032.05

**Cash Not Reported:** $88296.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000142757 | -0.90%               | 1.47%                | 2.93%                |
| Class ID C000142756 | -0.92%               | 1.49%                | 2.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $78543.05                | $-353075.76                                |
| Month 2  | $310222.28               | $8940.09                                   |
| Month 3  | $0.00                    | $627887.63                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| METLIFE, INC.                                  | METLIFE INC COMMON STOCK                        | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               |  | US        |      1100 | NS      | $83545.00     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLSON COORS BEVERAGE COMPANY                  | MOLSON COORS BEVERAGE CO - B COMMON STOCK       | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               |  | US        |      6300 | NS      | $306936.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                            | CHEVRON CORP COMMON STOCK                       | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               |  | US        |      1800 | NS      | $272952.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LOEWS CORPORATION                              | LOEWS CORP COMMON STOCK                         | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               |  | US        |      2100 | NS      | $190134.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CIGNA GROUP                                | THE CIGNA GROUP COMMON STOCK                    | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               |  | US        |       500 | NS      | $133690.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                          | GILEAD SCIENCES INC COMMON STOCK                | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               |  | US        |      4100 | NS      | $460389.00    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | LSV TRI-PARTY REPO MORGAN STANLEY               | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               |  | US        |    241927 | PA      | $241926.73    | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANQUE CANADIENNE IMPERIALE DE COMMERCE        | CAN IMPERIAL BK OF COMMERCE COMMON STOCK        | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               |  | CA        |      2800 | NS      | $200118.36    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WESTERN UNION COMPANY                      | WESTERN UNION CO COMMON STOCK                   | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               |  | US        |     16800 | NS      | $135240.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PORTLAND GENERAL ELECTRIC COMPANY              | PORTLAND GENERAL ELECTRIC CO COMMON STOCK       | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               |  | US        |      3000 | NS      | $123360.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SONOCO PRODUCTS COMPANY.                       | SONOCO PRODUCTS CO COMMON STOCK                 | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               |  | US        |      3300 | NS      | $148731.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD REPUBLIC INTERNATIONAL CORPORATION         | OLD REPUBLIC INTL CORP COMMON STOCK             | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               |  | US        |      6500 | NS      | $235105.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| EBAY INC.                                      | EBAY INC COMMON STOCK                           | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               |  | US        |      4700 | NS      | $431225.00    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD INSURANCE GROUP, INC.             | HARTFORD INSURANCE GROUP INC/THE COMMON STOCK   | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               |  | US        |      1800 | NS      | $223902.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                        | BRISTOL-MYERS SQUIBB CO COMMON STOCK            | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               |  | US        |      5100 | NS      | $220881.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESH DEL MONTE PRODUCE INC.                   | FRESH DEL MONTE PRODUCE INC COMMON STOCK        | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               |  | US        |      6000 | NS      | $225540.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                       | STATE STREET CORP COMMON STOCK                  | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               |  | US        |      2200 | NS      | $245850.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS, INC.                   | CF INDUSTRIES HOLDINGS INC COMMON STOCK         | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               |  | US        |      1500 | NS      | $139245.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                               | TOTALENERGIES SE -SPON ADR DEPOSITARY RECEIPT   | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               |  | US        |      1600 | NS      | $95280.00     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM INDUSTRIES INCORPORATED                    | ABM INDUSTRIES INC COMMON STOCK                 | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               |  | US        |      3528 | NS      | $162746.64    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                     | ALBERTSONS COS INC - CLASS A COMMON STOCK       | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               |  | US        |     11400 | NS      | $219108.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAPHIC PACKAGING HOLDING COMPANY              | GRAPHIC PACKAGING HOLDING CO COMMON STOCK       | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               |  | US        |      2600 | NS      | $58136.00     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                                 | EPR PROPERTIES REIT                             | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               |  | US        |      1400 | NS      | $77056.00     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MATTEL, INC.                                   | MATTEL INC COMMON STOCK                         | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               |  | US        |      9600 | NS      | $163296.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                              | MERCK & CO. INC. COMMON STOCK                   | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               |  | US        |      3100 | NS      | $242172.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ENI S.P.A.                                     | ENI SPA-SPONSORED ADR DEPOSITARY RECEIPT        | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               |  | US        |      6900 | NS      | $234876.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSCOUT SYSTEMS, INC.                         | NETSCOUT SYSTEMS INC COMMON STOCK               | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               |  | US        |      4500 | NS      | $96390.00     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                    | LOCKHEED MARTIN CORP COMMON STOCK               | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               |  | US        |       500 | NS      | $210490.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORPORATION | SCIENCE APPLICATIONS INTE COMMON STOCK          | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               |  | US        |      1600 | NS      | $178368.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                        | BANK OF NOVA SCOTIA COMMON STOCK                | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               |  | CA        |      1500 | NS      | $83454.82     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOLIV, INC.                                  | AUTOLIV INC COMMON STOCK                        | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               |  | US        |       900 | NS      | $100395.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                            | COMCAST CORP-CLASS A COMMON STOCK               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |      9000 | NS      | $299070.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CANON INC.                                     | CANON INC-SPONS ADR DEPOSITARY RECEIPT          | CUSIP: 138006309<br>LEI: 529900JH1GSC035SSP77 | Long             | EC               |  | US        |      9000 | NS      | $256410.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX, INC.                                  | DROPBOX INC-CLASS A COMMON STOCK                | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               |  | US        |     12900 | NS      | $350493.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SK TELECOM CO.,LTD                             | SK TELECOM CO LTD-SPON ADR DEPOSITARY RECEIPT   | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             | EC               |  | US        |      4900 | NS      | $108731.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| YELP INC.                                      | YELP INC COMMON STOCK                           | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               |  | US        |      4000 | NS      | $137720.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnera Corporation                            | MAGNERA CORP COMMON STOCK                       | CUSIP: 55939A107<br>LEI: 549300LDQLQBT38QDY28 | Long             | EC               |  | US        |       552 | NS      | $6872.40      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP-ON INCORPORATED                           | SNAP-ON INC COMMON STOCK                        | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               |  | US        |       400 | NS      | $128476.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| UNUM GROUP                                     | UNUM GROUP COMMON STOCK                         | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               |  | US        |      2900 | NS      | $208249.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERATED HERMES, INC.                         | FEDERATED HERMES INC COMMON STOCK               | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               |  | US        |      4300 | NS      | $213151.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP, INC.                                   | NETAPP INC COMMON STOCK                         | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               |  | US        |      1700 | NS      | $177021.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                            | CENTENE CORP COMMON STOCK                       | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               |  | US        |      3100 | NS      | $80817.00     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC.                                     | AMGEN INC COMMON STOCK                          | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               |  | US        |       400 | NS      | $118040.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KRAFT HEINZ COMPANY                        | KRAFT HEINZ CO/THE COMMON STOCK                 | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               |  | US        |      8100 | NS      | $222426.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HOLDINGS, INC.            | ALLISON TRANSMISSION HOLDING COMMON STOCK       | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               |  | US        |      2400 | NS      | $216168.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.          | AMERICAN ELECTRIC POWER COMMON STOCK            | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               |  | US        |      1400 | NS      | $158396.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                             | EXELON CORP COMMON STOCK                        | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               |  | US        |      4000 | NS      | $179760.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                                | BUNGE GLOBAL SA COMMON STOCK                    | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               |  | US        |      1700 | NS      | $135592.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| HONDA MOTOR CO., LTD.                          | HONDA MOTOR CO LTD-SPONS ADR DEPOSITARY RECEIPT | CUSIP: 438128308<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | EC               |  | US        |      8700 | NS      | $271788.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INCORPORATED                         | INGREDION INC COMMON STOCK                      | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               |  | US        |      1200 | NS      | $157848.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ARROW ELECTRONICS, INC.                        | ARROW ELECTRONICS INC COMMON STOCK              | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               |  | US        |      2000 | NS      | $232000.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ORGANON & CO.                                  | ORGANON & CO COMMON STOCK                       | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               |  | US        |      1300 | NS      | $12610.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORPORATION                                | UGI CORP COMMON STOCK                           | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               |  | US        |      3900 | NS      | $141102.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                            | CISCO SYSTEMS INC COMMON STOCK                  | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               |  | US        |      9100 | NS      | $619528.00    | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORPORATION                             | INCYTE CORP COMMON STOCK                        | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               |  | US        |      2900 | NS      | $217181.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXIMUS, INC.                                  | MAXIMUS INC COMMON STOCK                        | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               |  | US        |      1700 | NS      | $125562.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group, Ltd.                            | EVEREST GROUP LTD COMMON STOCK                  | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               |  | US        |       400 | NS      | $134320.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US, INC.                              | T-MOBILE US INC COMMON STOCK                    | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               |  | US        |       400 | NS      | $95364.00     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                    | VERIZON COMMUNICATIONS INC COMMON STOCK         | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               |  | US        |     14800 | NS      | $632848.00    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                                      | NOKIA CORP-SPON ADR DEPOSITARY RECEIPT          | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               |  | US        |     34900 | NS      | $142392.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Limited                                 | AMDOCS LTD COMMON STOCK                         | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               |  | US        |      6400 | NS      | $546304.00    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                                 | CITIGROUP INC COMMON STOCK                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               |  | US        |      2800 | NS      | $262360.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BRINK'S COMPANY                            | BRINK'S CO/THE COMMON STOCK                     | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               |  | US        |      1170 | NS      | $102187.80    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KROGER CO.                                 | KROGER CO COMMON STOCK                          | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               |  | US        |      7000 | NS      | $490700.00    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                      | AT&T INC COMMON STOCK                           | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               |  | US        |     24000 | NS      | $657840.00    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG SYSTEMS INTERNATIONAL, INC.                | CSG SYSTEMS INTL INC COMMON STOCK               | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               |  | US        |      3700 | NS      | $231102.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.                          | CARDINAL HEALTH INC COMMON STOCK                | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               |  | US        |      1100 | NS      | $170742.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC.                               | GEN DIGITAL INC COMMON STOCK                    | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               |  | US        |     10800 | NS      | $318492.00    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INCORPORATED                             | AFLAC INC COMMON STOCK                          | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               |  | US        |      1400 | NS      | $139104.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS CAPITAL HOLDINGS LIMITED                  | AXIS CAPITAL HOLDINGS LTD COMMON STOCK          | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               |  | US        |      1800 | NS      | $168912.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC INVESTMENT CORPORATION                    | MGIC INVESTMENT CORP COMMON STOCK               | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               |  | US        |      4300 | NS      | $111370.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SIXTH STREET SPECIALTY LENDING, INC.           | SIXTH STREET SPECIALTY LENDI COMMON STOCK       | CUSIP: 83012A109<br>LEI: 549300TX61566GJWCN05 | Long             | EC               |  | US        |      4700 | NS      | $114116.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                              | JOHNSON & JOHNSON COMMON STOCK                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               |  | US        |      1600 | NS      | $263584.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| H & R BLOCK, INC.                              | H&R BLOCK INC COMMON STOCK                      | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               |  | US        |      5100 | NS      | $277134.00    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION     | COGNIZANT TECH SOLUTIONS-A COMMON STOCK         | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               |  | US        |      4200 | NS      | $301392.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ALARM.COM HOLDINGS, INC.                       | ALARM.COM HOLDINGS INC COMMON STOCK             | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               |  | US        |      1900 | NS      | $103797.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC.                                   | CUMMINS INC COMMON STOCK                        | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               |  | US        |       400 | NS      | $147048.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC.                                        | HP INC COMMON STOCK                             | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               |  | US        |     10500 | NS      | $260400.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PINNACLE WEST CAPITAL CORPORATION              | PINNACLE WEST CAPITAL COMMON STOCK              | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               |  | US        |      1200 | NS      | $108744.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY             | HEWLETT PACKARD ENTERPRISE COMMON STOCK         | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               |  | US        |     15000 | NS      | $310350.00    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Text Corporation                          | OPEN TEXT CORP COMMON STOCK                     | CUSIP: 683715106<br>LEI: 549300HP7ONDQODZJV16 | Long             | EC               |  | CA        |      6600 | NS      | $194246.54    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                             | ALTRIA GROUP INC COMMON STOCK                   | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               |  | US        |      6300 | NS      | $390222.00    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                   | EVERGY INC COMMON STOCK                         | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               |  | US        |      2700 | NS      | $191160.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| BORGWARNER INC.                                | BORGWARNER INC COMMON STOCK                     | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               |  | US        |      5000 | NS      | $184000.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS, INC.                            | GENERAL MILLS INC COMMON STOCK                  | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               |  | US        |      2700 | NS      | $132246.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| COGECO COMMUNICATIONS INC.                     | COGECO COMMUNICATIONS INC COMMON STOCK          | CUSIP: 19239C106<br>LEI: 549300XHH6LJM6IAXV57 | Long             | EC               |  | CA        |      1900 | NS      | $85552.11     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC HOLDINGS PLC-SPONS ADR DEPOSITARY RECEIPT  | CUSIP: 404280406<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               |  | US        |      4800 | NS      | $294240.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS, INC.                           | CONAGRA BRANDS INC COMMON STOCK                 | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               |  | US        |      4300 | NS      | $78518.00     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND COMPANY.                | ARCHER-DANIELS-MIDLAND CO COMMON STOCK          | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               |  | US        |      3500 | NS      | $189630.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| LA-Z-BOY INCORPORATED                          | LA-Z-BOY INC COMMON STOCK                       | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               |  | US        |      2500 | NS      | $89925.00     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXTRON INC.                                   | TEXTRON INC COMMON STOCK                        | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               |  | US        |      2600 | NS      | $202202.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| THE J. M. SMUCKER COMPANY                      | JM SMUCKER CO/THE COMMON STOCK                  | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               |  | US        |      1700 | NS      | $182478.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, INC.                                       | F5 INC COMMON STOCK                             | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               |  | US        |       800 | NS      | $250736.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORPORATION                          | TD SYNNEX CORP COMMON STOCK                     | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               |  | US        |      2500 | NS      | $360975.00    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY    | JAZZ PHARMACEUTICALS PLC COMMON STOCK           | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               |  | US        |      1300 | NS      | $149019.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORPORATION                | UNITED THERAPEUTICS CORP COMMON STOCK           | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               |  | US        |       400 | NS      | $109880.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corporation                          | NEWMARKET CORP COMMON STOCK                     | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               |  | US        |       500 | NS      | $343500.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AVNET, INC.                                    | AVNET INC COMMON STOCK                          | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               |  | US        |      4500 | NS      | $238230.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                      | NATIONAL FUEL GAS CO COMMON STOCK               | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               |  | US        |      3300 | NS      | $286407.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CAMPBELL'S COMPANY                         | THE CAMPBELL'S COMPANY COMMON STOCK             | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               |  | US        |      3800 | NS      | $121296.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION                         | CVS HEALTH CORP COMMON STOCK                    | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               |  | US        |      2700 | NS      | $167670.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELIXIS, INC.                                 | EXELIXIS INC COMMON STOCK                       | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               |  | US        |      7700 | NS      | $278894.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                              | EVERSOURCE ENERGY COMMON STOCK                  | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               |  | US        |      3100 | NS      | $204910.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION    | INTL BUSINESS MACHINES CORP COMMON STOCK        | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               |  | US        |      1300 | NS      | $329095.00    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | EXXON MOBIL CORP COMMON STOCK                   | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               |  | US        |      2800 | NS      | $312592.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corporation        | BANK OF NEW YORK MELLON CORP COMMON STOCK       | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               |  | US        |      6000 | NS      | $608700.00    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORPORATION                                | FOX CORP - CLASS A COMMON STOCK                 | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               |  | US        |      4000 | NS      | $223040.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN TIRE CORPORATION, LIMITED             | CANADIAN TIRE CORP-CLASS A COMMON STOCK         | CUSIP: 136681202<br>LEI: 549300RLHDA7VQYMUB14 | Long             | EC               |  | CA        |      1100 | NS      | $147328.23    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                        | GSK PLC-SPON ADR DEPOSITARY RECEIPT             | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               |  | US        |      5800 | NS      | $215470.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                    | PFIZER INC COMMON STOCK                         | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               |  | US        |     11300 | NS      | $263177.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT INC.                                       | ADT INC COMMON STOCK                            | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               |  | US        |     16000 | NS      | $133600.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** THE ADVISORS' INNER CIRCLE FUND

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

**Title:** Treasurer, Controller and Chief Financial Officer