# EDGAR Filing Document

**Accession Number:** 0001589756
**File Stem:** 0000940400-26-023118
**Filing Date:** 2026-6
**Character Count:** 525851
**Document Hash:** e077141cf43b6067a1a4c94957256df8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-023118.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-023118

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS ALTERNATIVE SOLUTIONS TRUST
- **CENTRAL INDEX KEY:** 0001589756

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22906
- **FILM NUMBER:** 261049116

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** 860.263.4790

**MAIL ADDRESS:**
- **STREET 1:** ONE FINANCIAL PLAZA
- **STREET 2:** 26TH FLOOR
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VIRTUS ALTERNATIVE SOLUTIONS FUNDS
- **DATE OF NAME CHANGE:** 20140204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VIRTUS ALTERNATIVES TRUST I
- **DATE OF NAME CHANGE:** 20131022

## Series and Classes Contracts Data

### Virtus AlphaSimplex Global Alternatives Fund (Series ID: S000079777)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000241132 | Class I      | GAFYX           |
| C000241133 | Class R6     | GAFNX           |
| C000241134 | Class A      | GAFAX           |

## Nport-Ex

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)**

**March 31, 2026**

($ reported in thousands)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks—42.7%** | **Common Stocks—42.7%** | **Common Stocks—42.7%** |
| **Aerospace & Defense—1.3%** | **Aerospace & Defense—1.3%** |  |
| AeroVironment, Inc.<sup>(1)</sup> <br>| 96 | &nbsp;&nbsp; $18 |
| Astronics Corp.<sup>(1)</sup> <br>| 601 | &nbsp;&nbsp; 40 |
| Axon Enterprise, Inc.<sup>(1)</sup> <br>| 163 | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp; Carpenter Technology <br> Corp.<br>| 71 | &nbsp;&nbsp; 28 |
| Ducommun, Inc.<sup>(1)</sup> <br>| 297 | &nbsp;&nbsp; 36 |
| FTAI Aviation Ltd. | 81 | &nbsp;&nbsp; 20 |
| General Dynamics Corp. | 199 | &nbsp;&nbsp; 68 |
| HEICO Corp. | 106 | &nbsp;&nbsp; 29 |
| Hexcel Corp. | 771 | &nbsp;&nbsp; 62 |
| Howmet Aerospace, Inc. | 305 | &nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp; Huntington Ingalls <br> Industries, Inc.<br>| 70 | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp; Kratos Defense & Security <br> Solutions, Inc.<sup>(1)</sup> <br>| 366 | &nbsp;&nbsp; 26 |
| Lockheed Martin Corp. | 77 | &nbsp;&nbsp; 47 |
| Mercury Systems, Inc.<sup>(1)</sup> <br>| 456 | &nbsp;&nbsp; 33 |
| Moog, Inc. Class A | 236 | &nbsp;&nbsp; 69 |
| Park Aerospace Corp. | 766 | &nbsp;&nbsp; 21 |
| RTX Corp. | 133 | &nbsp;&nbsp; 26 |
| TAT Technologies Ltd.<sup>(1)</sup> <br>| 661 | &nbsp;&nbsp; 27 |
| TransDigm Group, Inc. | 161 | &nbsp;&nbsp; 187 |
| Woodward, Inc. | 174 | &nbsp;&nbsp; 62 |
|  |  | &nbsp;&nbsp; 965 |
| **Air Freight & Logistics—0.2%** | **Air Freight & Logistics—0.2%** |  |
| &nbsp;&nbsp;&nbsp; C.H. Robinson Worldwide, <br> Inc.<br>| 334 | &nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp; Expeditors International of <br> Washington, Inc.<br>| 228 | &nbsp;&nbsp; 33 |
| Forward Air Corp.<sup>(1)</sup> <br>| 1162 | &nbsp;&nbsp; 19 |
|  |  | &nbsp;&nbsp; 108 |
| **Automobile Components—0.4%** | **Automobile Components—0.4%** |  |
| Adient plc<sup>(1)</sup> <br>| 539 | &nbsp;&nbsp; 11 |
| &nbsp;&nbsp;&nbsp; Cooper-Standard Holdings, <br> Inc.<sup>(1)</sup> <br>| 417 | &nbsp;&nbsp; 12 |
| Dana, Inc. | 1088 | &nbsp;&nbsp; 37 |
| Garrett Motion, Inc. | 8210 | &nbsp;&nbsp; 149 |
| Gentex Corp. | 1582 | &nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp; Standard Motor Products, <br> Inc.<br>| 979 | &nbsp;&nbsp; 34 |
| XPEL, Inc.<sup>(1)</sup> <br>| 780 | &nbsp;&nbsp; 34 |
|  |  | &nbsp;&nbsp; 311 |
| **Automobiles—0.0%** | **Automobiles—0.0%** |  |
| Thor Industries, Inc. | 417 | &nbsp;&nbsp; 33 |
| **Banks—1.2%** | **Banks—1.2%** |  |
| Bank First Corp. | 445 | &nbsp;&nbsp; 60 |
| Bank of America Corp. | 535 | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp; Bank of N.T. Butterfield & <br> Son Ltd. (The)<br>| 1148 | &nbsp;&nbsp; 60 |
| Citizens & Northern Corp. | 1571 | &nbsp;&nbsp; 35 |
| &nbsp;&nbsp;&nbsp; Commerce Bancshares, <br> Inc.<br>| 622 | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp; Esquire Financial Holdings, <br> Inc.<br>| 255 | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp; First Citizens BancShares, <br> Inc. Class A<br>| 109 | &nbsp;&nbsp; 205 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Banks—continued** | **Banks—continued** |  |
| First Foundation, Inc.<sup>(1)</sup> <br>| 9926 | &nbsp;&nbsp; $59 |
| Flushing Financial Corp. | 3582 | &nbsp;&nbsp; 55 |
| Heritage Commerce Corp. | 4256 | &nbsp;&nbsp; 53 |
| JPMorgan Chase & Co. | 135 | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp; Metropolitan Bank Holding <br> Corp.<br>| 262 | &nbsp;&nbsp; 22 |
| Northwest Bancshares, Inc. | 2777 | &nbsp;&nbsp; 35 |
| NU Holdings Ltd. Class A<sup>(1)</sup> <br>| 1727 | &nbsp;&nbsp; 25 |
| Red River Bancshares, Inc. | 307 | &nbsp;&nbsp; 28 |
| Stellar Bancorp, Inc. | 3043 | &nbsp;&nbsp; 111 |
|  |  | &nbsp;&nbsp; 872 |
| **Beverages—0.5%** | **Beverages—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Brown-Forman Corp. <br> Class B<br>| 31 | &nbsp;&nbsp; 1 |
| Coca-Cola Co. (The) | 594 | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Consolidated, <br> Inc.<br>| 244 | &nbsp;&nbsp; 47 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Europacific <br> Partners plc<br>| 292 | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp; Constellation Brands, Inc. <br> Class A<br>| 309 | &nbsp;&nbsp; 46 |
| Monster Beverage Corp.<sup>(1)</sup> <br>| 1285 | &nbsp;&nbsp; 93 |
| National Beverage Corp.<sup>(1)</sup> <br>| 925 | &nbsp;&nbsp; 31 |
| PepsiCo, Inc. | 313 | &nbsp;&nbsp; 49 |
| Vita Coco Co., Inc. (The)<sup>(1)</sup> <br>| 1071 | &nbsp;&nbsp; 51 |
|  |  | &nbsp;&nbsp; 390 |
| **Biotechnology—1.0%** | **Biotechnology—1.0%** |  |
| AbbVie, Inc. | 158 | &nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp; ACADIA Pharmaceuticals, <br> Inc.<sup>(1)</sup> <br>| 1908 | &nbsp;&nbsp; 43 |
| AnaptysBio, Inc.<sup>(1)</sup> <br>| 292 | &nbsp;&nbsp; 16 |
| Bridgebio Pharma, Inc.<sup>(1)</sup> <br>| 364 | &nbsp;&nbsp; 27 |
| Celcuity, Inc.<sup>(1)</sup> <br>| 209 | &nbsp;&nbsp; 24 |
| Cogent Biosciences, Inc.<sup>(1)</sup> <br>| 739 | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp; Dianthus Therapeutics, <br> Inc.<sup>(1)</sup> <br>| 274 | &nbsp;&nbsp; 23 |
| Exelixis, Inc.<sup>(1)</sup> <br>| 797 | &nbsp;&nbsp; 34 |
| Immunome, Inc.<sup>(1)</sup> <br>| 1136 | &nbsp;&nbsp; 25 |
| Incyte Corp.<sup>(1)</sup> <br>| 454 | &nbsp;&nbsp; 43 |
| Insmed, Inc.<sup>(1)</sup> <br>| 445 | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp; Ionis Pharmaceuticals, <br> Inc.<sup>(1)</sup> <br>| 521 | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp; Kiniksa Pharmaceuticals <br> International plc <br> Class A<sup>(1)</sup> <br>| 779 | &nbsp;&nbsp; 38 |
| &nbsp;&nbsp;&nbsp; Kymera Therapeutics, <br> Inc.<sup>(1)</sup> <br>| 334 | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp; Madrigal Pharmaceuticals, <br> Inc.<sup>(1)</sup> <br>| 92 | &nbsp;&nbsp; 48 |
| &nbsp;&nbsp;&nbsp; Mineralys Therapeutics, <br> Inc.<sup>(1)</sup> <br>| 881 | &nbsp;&nbsp; 24 |
| &nbsp;&nbsp;&nbsp; Mirum Pharmaceuticals, <br> Inc.<sup>(1)</sup> <br>| 735 | &nbsp;&nbsp; 68 |
| PTC Therapeutics, Inc.<sup>(1)</sup> <br>| 605 | &nbsp;&nbsp; 41 |
| &nbsp;&nbsp;&nbsp; Rhythm Pharmaceuticals, <br> Inc.<sup>(1)</sup> <br>| 269 | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp; Rigel Pharmaceuticals, <br> Inc.<sup>(1)</sup> <br>| 502 | &nbsp;&nbsp; 14 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Biotechnology—continued** | **Biotechnology—continued** |  |
| Roivant Sciences Ltd.<sup>(1)</sup> <br>| 803 | &nbsp;&nbsp; $22 |
|  |  | &nbsp;&nbsp; 715 |
| **Broadline Retail—0.5%** | **Broadline Retail—0.5%** |  |
| Etsy, Inc.<sup>(1)</sup> <br>| 787 | &nbsp;&nbsp; 39 |
| Kohl's Corp. | 2497 | &nbsp;&nbsp; 32 |
| Macy's, Inc. | 1819 | &nbsp;&nbsp; 33 |
| MercadoLibre, Inc.<sup>(1)</sup> <br>| 114 | &nbsp;&nbsp; 197 |
| &nbsp;&nbsp;&nbsp; Ollie's Bargain Outlet <br> Holdings, Inc.<sup>(1)</sup> <br>| 369 | &nbsp;&nbsp; 34 |
|  |  | &nbsp;&nbsp; 335 |
| **Building Products—1.1%** | **Building Products—1.1%** |  |
| &nbsp;&nbsp;&nbsp; Advanced Drainage <br> Systems, Inc.<br>| 303 | &nbsp;&nbsp; 42 |
| Allegion plc | 564 | &nbsp;&nbsp; 82 |
| &nbsp;&nbsp;&nbsp; American Woodmark <br> Corp.<sup>(1)</sup> <br>| 2217 | &nbsp;&nbsp; 88 |
| Apogee Enterprises, Inc. | 4152 | &nbsp;&nbsp; 139 |
| AZZ, Inc. | 1193 | &nbsp;&nbsp; 149 |
| Carlisle Cos., Inc. | 121 | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp; Johnson Controls <br> International plc<br>| 289 | &nbsp;&nbsp; 38 |
| &nbsp;&nbsp;&nbsp; Quanex Building Products <br> Corp.<br>| 1717 | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp; Simpson Manufacturing <br> Co., Inc.<br>| 355 | &nbsp;&nbsp; 61 |
| Trane Technologies plc | 181 | &nbsp;&nbsp; 76 |
| &nbsp;&nbsp;&nbsp; Zurn Elkay Water Solutions <br> Corp.<br>| 1585 | &nbsp;&nbsp; 71 |
|  |  | &nbsp;&nbsp; 817 |
| **Capital Markets—1.2%** | **Capital Markets—1.2%** |  |
| &nbsp;&nbsp;&nbsp; Acadian Asset <br> Management, Inc.<br>| 756 | &nbsp;&nbsp; 41 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon <br> Corp. (The)<br>| 318 | &nbsp;&nbsp; 38 |
| Blackrock, Inc. | 241 | &nbsp;&nbsp; 232 |
| Brookfield Corp. Class A | 1007 | &nbsp;&nbsp; 41 |
| CME Group, Inc. Class A | 134 | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp; FactSet Research Systems, <br> Inc.<br>| 105 | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. <br> (The)<br>| 48 | &nbsp;&nbsp; 41 |
| Golub Capital BDC, Inc. | 4969 | &nbsp;&nbsp; 63 |
| &nbsp;&nbsp;&nbsp; Intercontinental Exchange, <br> Inc.<br>| 232 | &nbsp;&nbsp; 36 |
| &nbsp;&nbsp;&nbsp; Janus Henderson Group <br> plc<br>| 959 | &nbsp;&nbsp; 49 |
| Main Street Capital Corp. | 648 | &nbsp;&nbsp; 34 |
| MarketAxess Holdings, Inc. | 331 | &nbsp;&nbsp; 55 |
| Moelis & Co. Class A | 543 | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp; Nuveen Churchill Direct <br> Lending Corp.<br>| 2587 | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp; Robinhood Markets, Inc. <br> Class A<sup>(1)</sup> <br>| 336 | &nbsp;&nbsp; 23 |
| S&P Global, Inc. | 131 | &nbsp;&nbsp; 56 |
| Trinity Capital, Inc. | 2195 | &nbsp;&nbsp; 32 |
|  |  | &nbsp;&nbsp; 867 |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Chemicals—0.5%** | **Chemicals—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Air Products & Chemicals, <br> Inc.<br>| 96 | &nbsp;&nbsp; $28 |
| Burlington Stores, Inc.<sup>(1)</sup> <br>| 102 | &nbsp;&nbsp; 33 |
| Cabot Corp. | 1326 | &nbsp;&nbsp; 100 |
| Ecolab, Inc. | 158 | &nbsp;&nbsp; 42 |
| HB Fuller Co. | 479 | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp; International Flavors & <br> Fragrances, Inc.<br>| 506 | &nbsp;&nbsp; 37 |
| NewMarket Corp. | 82 | &nbsp;&nbsp; 53 |
| Ventas, Inc. | 880 | &nbsp;&nbsp; 72 |
|  |  | &nbsp;&nbsp; 394 |
| **Commercial Services &** <br> **Supplies—1.0%** | **Commercial Services &** <br> **Supplies—1.0%** |  |
| ABM Industries, Inc. | 705 | &nbsp;&nbsp; 27 |
| Brady Corp. Class A | 376 | &nbsp;&nbsp; 31 |
| Cimpress plc<sup>(1)</sup> <br>| 376 | &nbsp;&nbsp; 28 |
| Cintas Corp. | 771 | &nbsp;&nbsp; 130 |
| Copart, Inc.<sup>(1)</sup> <br>| 775 | &nbsp;&nbsp; 26 |
| Deluxe Corp. | 3211 | &nbsp;&nbsp; 88 |
| Ennis, Inc. | 3287 | &nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp; Healthcare Services Group, <br> Inc.<sup>(1)</sup> <br>| 2666 | &nbsp;&nbsp; 50 |
| Interface, Inc. Class A | 3813 | &nbsp;&nbsp; 95 |
| Rollins, Inc. | 1535 | &nbsp;&nbsp; 82 |
| Veralto Corp. | 298 | &nbsp;&nbsp; 26 |
| Waste Management, Inc. | 139 | &nbsp;&nbsp; 32 |
|  |  | &nbsp;&nbsp; 685 |
| **Communications Equipment—0.6%** | **Communications Equipment—0.6%** |  |
| Arista Networks, Inc.<sup>(1)</sup> <br>| 237 | &nbsp;&nbsp; 29 |
| Ciena Corp.<sup>(1)</sup> <br>| 107 | &nbsp;&nbsp; 42 |
| Cisco Systems, Inc. | 1090 | &nbsp;&nbsp; 85 |
| Digi International, Inc.<sup>(1)</sup> <br>| 748 | &nbsp;&nbsp; 36 |
| Motorola Solutions, Inc. | 171 | &nbsp;&nbsp; 74 |
| Ubiquiti, Inc. | 95 | &nbsp;&nbsp; 75 |
| Viavi Solutions, Inc.<sup>(1)</sup> <br>| 1053 | &nbsp;&nbsp; 35 |
| Vistance Networks, Inc.<sup>(1)</sup> <br>| 3354 | &nbsp;&nbsp; 61 |
|  |  | &nbsp;&nbsp; 437 |
| **Construction & Engineering—0.8%** | **Construction & Engineering—0.8%** |  |
| AECOM | 486 | &nbsp;&nbsp; 41 |
| Ameresco, Inc. Class A<sup>(1)</sup> <br>| 791 | &nbsp;&nbsp; 20 |
| Argan, Inc. | 66 | &nbsp;&nbsp; 36 |
| &nbsp;&nbsp;&nbsp; Bowman Consulting Group <br> Ltd.<sup>(1)</sup> <br>| 596 | &nbsp;&nbsp; 17 |
| Centuri Holdings, Inc.<sup>(1)</sup> <br>| 1499 | &nbsp;&nbsp; 44 |
| Comfort Systems USA, Inc. | 52 | &nbsp;&nbsp; 72 |
| Dycom Industries, Inc.<sup>(1)</sup> <br>| 87 | &nbsp;&nbsp; 30 |
| EMCOR Group, Inc. | 68 | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp; Everus Construction <br> Group, Inc.<sup>(1)</sup> <br>| 440 | &nbsp;&nbsp; 52 |
| Fluor Corp.<sup>(1)</sup> <br>| 831 | &nbsp;&nbsp; 39 |
| Granite Construction, Inc. | 262 | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp; NWPX Infrastructure, <br> Inc.<sup>(1)</sup> <br>| 1243 | &nbsp;&nbsp; 97 |
| &nbsp;&nbsp;&nbsp; Sterling Infrastructure, <br> Inc.<sup>(1)</sup> <br>| 55 | &nbsp;&nbsp; 22 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Construction & Engineering—continued** | **Construction & Engineering—continued** |  |
| Tutor Perini Corp. | 326 | &nbsp;&nbsp; $25 |
|  |  | &nbsp;&nbsp; 576 |
| **Construction Materials—0.2%** | **Construction Materials—0.2%** |  |
| Eagle Materials, Inc. | 241 | &nbsp;&nbsp; 46 |
| Knife River Corp.<sup>(1)</sup> <br>| 186 | &nbsp;&nbsp; 15 |
| &nbsp;&nbsp;&nbsp; Martin Marietta Materials, <br> Inc.<br>| 97 | &nbsp;&nbsp; 57 |
| Vulcan Materials Co. | 198 | &nbsp;&nbsp; 54 |
|  |  | &nbsp;&nbsp; 172 |
| **Consumer Finance—0.5%** | **Consumer Finance—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Encore Capital Group, <br> Inc.<sup>(1)</sup> <br>| 498 | &nbsp;&nbsp; 35 |
| EZCORP, Inc. Class A<sup>(1)</sup> <br>| 3321 | &nbsp;&nbsp; 84 |
| Nelnet, Inc. Class A | 273 | &nbsp;&nbsp; 35 |
| PRA Group, Inc.<sup>(1)</sup> <br>| 2038 | &nbsp;&nbsp; 36 |
| PROG Holdings, Inc. | 1930 | &nbsp;&nbsp; 55 |
| SLM Corp. | 1533 | &nbsp;&nbsp; 33 |
| World Acceptance Corp.<sup>(1)</sup> <br>| 789 | &nbsp;&nbsp; 107 |
|  |  | &nbsp;&nbsp; 385 |
| **Consumer Staples Distribution &** <br> **Retail—0.7%** | **Consumer Staples Distribution &** <br> **Retail—0.7%** |  |
| &nbsp;&nbsp;&nbsp; Albertsons Cos., Inc. <br> Class A<br>| 8651 | &nbsp;&nbsp; 147 |
| &nbsp;&nbsp;&nbsp; Casey's General Stores, <br> Inc.<br>| 47 | &nbsp;&nbsp; 34 |
| Costco Wholesale Corp. | 135 | &nbsp;&nbsp; 135 |
| Dollar General Corp. | 212 | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp; Sprouts Farmers Market, <br> Inc.<sup>(1)</sup> <br>| 1204 | &nbsp;&nbsp; 93 |
| Sysco Corp. | 611 | &nbsp;&nbsp; 44 |
| Walmart, Inc. | 347 | &nbsp;&nbsp; 43 |
|  |  | &nbsp;&nbsp; 521 |
| **Containers & Packaging—0.3%** | **Containers & Packaging—0.3%** |  |
| AptarGroup, Inc. | 490 | &nbsp;&nbsp; 62 |
| Avery Dennison Corp. | 450 | &nbsp;&nbsp; 78 |
| Greif, Inc. Class A | 434 | &nbsp;&nbsp; 29 |
| TriMas Corp. | 1091 | &nbsp;&nbsp; 39 |
|  |  | &nbsp;&nbsp; 208 |
| **Distributors—0.1%** | **Distributors—0.1%** |  |
| Genuine Parts Co. | 270 | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp; GigaCloud Technology, Inc. <br> Class A<sup>(1)</sup> <br>| 270 | &nbsp;&nbsp; 12 |
|  |  | &nbsp;&nbsp; 41 |
| **Diversified Consumer Services—0.3%** | **Diversified Consumer Services—0.3%** |  |
| &nbsp;&nbsp;&nbsp; American Public Education, <br> Inc.<sup>(1)</sup> <br>| 440 | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp; Lincoln Educational <br> Services Corp.<sup>(1)</sup> <br>| 715 | &nbsp;&nbsp; 29 |
| Service Corp. International | 756 | &nbsp;&nbsp; 63 |
| Stride, Inc.<sup>(1)</sup> <br>| 315 | &nbsp;&nbsp; 28 |
| Udemy, Inc.<sup>(1)</sup> <br>| 16961 | &nbsp;&nbsp; 78 |
|  |  | &nbsp;&nbsp; 223 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Diversified REITs—0.1%** | **Diversified REITs—0.1%** |  |
| &nbsp;&nbsp;&nbsp; AvalonBay Communities, <br> Inc.<br>| 69 | &nbsp;&nbsp; $11 |
| Broadstone Net Lease, Inc. | 634 | &nbsp;&nbsp; 12 |
| UDR, Inc. | 1475 | &nbsp;&nbsp; 50 |
|  |  | &nbsp;&nbsp; 73 |
| **Diversified Telecommunication** <br> **Services—0.2%** | **Diversified Telecommunication** <br> **Services—0.2%** |  |
| IDT Corp. Class B | 595 | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp; Verizon Communications, <br> Inc.<br>| 1977 | &nbsp;&nbsp; 99 |
|  |  | &nbsp;&nbsp; 128 |
| **Electric Utilities—0.5%** | **Electric Utilities—0.5%** |  |
| Alliant Energy Corp. | 195 | &nbsp;&nbsp; 14 |
| &nbsp;&nbsp;&nbsp; American Electric Power <br> Co., Inc.<br>| 531 | &nbsp;&nbsp; 70 |
| Duke Energy Corp. | 93 | &nbsp;&nbsp; 12 |
| Entergy Corp. | 327 | &nbsp;&nbsp; 37 |
| Evergy, Inc. | 173 | &nbsp;&nbsp; 14 |
| Exelon Corp. | 474 | &nbsp;&nbsp; 23 |
| FirstEnergy Corp. | 1029 | &nbsp;&nbsp; 52 |
| IDACORP, Inc. | 137 | &nbsp;&nbsp; 19 |
| MGE Energy, Inc. | 153 | &nbsp;&nbsp; 12 |
| OGE Energy Corp. | 492 | &nbsp;&nbsp; 24 |
| Pinnacle West Capital Corp. | 216 | &nbsp;&nbsp; 22 |
| &nbsp;&nbsp;&nbsp; Portland General Electric <br> Co.<br>| 330 | &nbsp;&nbsp; 17 |
| PPL Corp. | 545 | &nbsp;&nbsp; 21 |
| Southern Co. (The) | 244 | &nbsp;&nbsp; 23 |
| Xcel Energy, Inc. | 223 | &nbsp;&nbsp; 18 |
|  |  | &nbsp;&nbsp; 378 |
| **Electrical Equipment—0.7%** | **Electrical Equipment—0.7%** |  |
| Allient, Inc. | 546 | &nbsp;&nbsp; 32 |
| AMETEK, Inc. | 625 | &nbsp;&nbsp; 134 |
| Eaton Corp. plc | 112 | &nbsp;&nbsp; 40 |
| Emerson Electric Co. | 186 | &nbsp;&nbsp; 24 |
| GE Vernova, Inc. | 44 | &nbsp;&nbsp; 38 |
| Generac Holdings, Inc.<sup>(1)</sup> <br>| 244 | &nbsp;&nbsp; 48 |
| Hubbell, Inc. Class B | 105 | &nbsp;&nbsp; 52 |
| Nextpower, Inc. Class A<sup>(1)</sup> <br>| 262 | &nbsp;&nbsp; 32 |
| &nbsp;&nbsp;&nbsp; Preformed Line Products <br> Co.<br>| 143 | &nbsp;&nbsp; 39 |
| Vicor Corp.<sup>(1)</sup> <br>| 232 | &nbsp;&nbsp; 37 |
|  |  | &nbsp;&nbsp; 476 |
| **Electronic Equipment, Instruments &** <br> **Components—0.8%** | **Electronic Equipment, Instruments &** <br> **Components—0.8%** |  |
| &nbsp;&nbsp;&nbsp; Advanced Energy <br> Industries, Inc.<br>| 240 | &nbsp;&nbsp; 77 |
| Amphenol Corp. Class A | 651 | &nbsp;&nbsp; 82 |
| Daktronics, Inc.<sup>(1)</sup> <br>| 2596 | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp; Frequency Electronics, <br> Inc.<sup>(1)</sup> <br>| 690 | &nbsp;&nbsp; 31 |
| Jabil, Inc. | 128 | &nbsp;&nbsp; 34 |
| Kimball Electronics, Inc.<sup>(1)</sup> <br>| 1212 | &nbsp;&nbsp; 29 |
| Knowles Corp.<sup>(1)</sup> <br>| 2419 | &nbsp;&nbsp; 62 |
| &nbsp;&nbsp;&nbsp; Napco Security <br> Technologies, Inc.<br>| 2831 | &nbsp;&nbsp; 112 |
| TD SYNNEX Corp. | 208 | &nbsp;&nbsp; 35 |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Electronic Equipment, Instruments &** <br> **Components—continued** | **Electronic Equipment, Instruments &** <br> **Components—continued** |  |
| &nbsp;&nbsp;&nbsp; Teledyne Technologies, <br> Inc.<sup>(1)</sup> <br>| 62 | &nbsp;&nbsp; $37 |
| &nbsp;&nbsp;&nbsp; Vishay Precision Group, <br> Inc.<sup>(1)</sup> <br>| 447 | &nbsp;&nbsp; 19 |
|  |  | &nbsp;&nbsp; 569 |
| **Energy Equipment & Services—1.1%** | **Energy Equipment & Services—1.1%** |  |
| Baker Hughes Co. Class A | 662 | &nbsp;&nbsp; 40 |
| Bristow Group, Inc. | 3309 | &nbsp;&nbsp; 155 |
| Core Laboratories, Inc. | 3245 | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp; Expro Group Holdings <br> N.V.<sup>(1)</sup> <br>| 3015 | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp; Forum Energy <br> Technologies, Inc.<sup>(1)</sup> <br>| 1441 | &nbsp;&nbsp; 85 |
| Halliburton Co. | 1890 | &nbsp;&nbsp; 74 |
| &nbsp;&nbsp;&nbsp; Innovex International, <br> Inc.<sup>(1)</sup> <br>| 1352 | &nbsp;&nbsp; 33 |
| Liberty Energy, Inc. Class A | 2298 | &nbsp;&nbsp; 66 |
| &nbsp;&nbsp;&nbsp; National Energy Services <br> Reunited Corp.<sup>(1)</sup> <br>| 951 | &nbsp;&nbsp; 20 |
| &nbsp;&nbsp;&nbsp; Natural Gas Services <br> Group, Inc.<br>| 698 | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp; Tarsus Pharmaceuticals, <br> Inc.<sup>(1)</sup> <br>| 911 | &nbsp;&nbsp; 64 |
| TechnipFMC plc | 1638 | &nbsp;&nbsp; 113 |
| Tidewater, Inc.<sup>(1)</sup> <br>| 280 | &nbsp;&nbsp; 23 |
|  |  | &nbsp;&nbsp; 807 |
| **Entertainment—0.6%** | **Entertainment—0.6%** |  |
| Netflix, Inc.<sup>(1)</sup> <br>| 3004 | &nbsp;&nbsp; 289 |
| ROBLOX Corp. Class A<sup>(1)</sup> <br>| 1193 | &nbsp;&nbsp; 67 |
| Walt Disney Co. (The) | 805 | &nbsp;&nbsp; 78 |
|  |  | &nbsp;&nbsp; 434 |
| **Financial Services—0.9%** | **Financial Services—0.9%** |  |
| Corpay, Inc.<sup>(1)</sup> <br>| 192 | &nbsp;&nbsp; 56 |
| Gold.com, Inc. | 308 | &nbsp;&nbsp; 12 |
| &nbsp;&nbsp;&nbsp; Jack Henry & Associates, <br> Inc.<br>| 175 | &nbsp;&nbsp; 28 |
| Mastercard, Inc. Class A | 75 | &nbsp;&nbsp; 37 |
| NCR Atleos Corp.<sup>(1)</sup> <br>| 4883 | &nbsp;&nbsp; 213 |
| &nbsp;&nbsp;&nbsp; NMI Holdings, Inc. <br> Class A<sup>(1)</sup> <br>| 1194 | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp; Paymentus Holdings, Inc. <br> Class A<sup>(1)</sup> <br>| 2131 | &nbsp;&nbsp; 54 |
| Remitly Global, Inc.<sup>(1)</sup> <br>| 1509 | &nbsp;&nbsp; 24 |
| Rocket Cos., Inc. Class A<sup>(1)</sup> <br>| 2319 | &nbsp;&nbsp; 33 |
| Visa, Inc. Class A | 259 | &nbsp;&nbsp; 78 |
| WEX, Inc.<sup>(1)</sup> <br>| 281 | &nbsp;&nbsp; 43 |
|  |  | &nbsp;&nbsp; 623 |
| **Food Products—0.9%** | **Food Products—0.9%** |  |
| &nbsp;&nbsp;&nbsp; Archer-Daniels-Midland <br> Co.<br>| 742 | &nbsp;&nbsp; 54 |
| Calavo Growers, Inc. | 1992 | &nbsp;&nbsp; 51 |
| Campbell's Company (The) | 1156 | &nbsp;&nbsp; 26 |
| General Mills, Inc. | 679 | &nbsp;&nbsp; 25 |
| Hershey Co. (The) | 275 | &nbsp;&nbsp; 57 |
| Hormel Foods Corp. | 1266 | &nbsp;&nbsp; 29 |
| Ingredion, Inc. | 613 | &nbsp;&nbsp; 69 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Food Products—continued** | **Food Products—continued** |  |
| &nbsp;&nbsp;&nbsp; Lamb Weston Holdings, <br> Inc.<br>| 1810 | &nbsp;&nbsp; $77 |
| Post Holdings, Inc.<sup>(1)</sup> <br>| 265 | &nbsp;&nbsp; 26 |
| Seaboard Corp. | 37 | &nbsp;&nbsp; 209 |
|  |  | &nbsp;&nbsp; 623 |
| **Gas Utilities—0.3%** | **Gas Utilities—0.3%** |  |
| National Fuel Gas Co. | 390 | &nbsp;&nbsp; 37 |
| &nbsp;&nbsp;&nbsp; New Jersey Resources <br> Corp.<br>| 1453 | &nbsp;&nbsp; 80 |
| &nbsp;&nbsp;&nbsp; Northwest Natural Holding <br> Co.<br>| 254 | &nbsp;&nbsp; 13 |
| ONE Gas, Inc. | 148 | &nbsp;&nbsp; 13 |
| &nbsp;&nbsp;&nbsp; Southwest Gas Holdings, <br> Inc.<br>| 558 | &nbsp;&nbsp; 48 |
| Spire, Inc. | 185 | &nbsp;&nbsp; 17 |
|  |  | &nbsp;&nbsp; 208 |
| **Ground Transportation—0.2%** | **Ground Transportation—0.2%** |  |
| &nbsp;&nbsp;&nbsp; JB Hunt Transport <br> Services, Inc.<br>| 334 | &nbsp;&nbsp; 71 |
| Uber Technologies, Inc.<sup>(1)</sup> <br>| 1265 | &nbsp;&nbsp; 91 |
|  |  | &nbsp;&nbsp; 162 |
| **Ground Transportation—0.4%** | **Ground Transportation—0.4%** |  |
| Landstar System, Inc. | 332 | &nbsp;&nbsp; 53 |
| Lyft, Inc. Class A<sup>(1)</sup> <br>| 4086 | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp; Old Dominion Freight Line, <br> Inc.<br>| 305 | &nbsp;&nbsp; 60 |
| Union Pacific Corp. | 597 | &nbsp;&nbsp; 145 |
|  |  | &nbsp;&nbsp; 312 |
| **Health Care REITs—0.4%** | **Health Care REITs—0.4%** |  |
| &nbsp;&nbsp;&nbsp; American Healthcare REIT, <br> Inc.<br>| 594 | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp; Healthcare Realty Trust, <br> Inc. Class A<br>| 1282 | &nbsp;&nbsp; 22 |
| LTC Properties, Inc. | 1216 | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp; Omega Healthcare <br> Investors, Inc.<br>| 1857 | &nbsp;&nbsp; 81 |
| &nbsp;&nbsp;&nbsp; Sabra Health Care REIT, <br> Inc.<br>| 3407 | &nbsp;&nbsp; 66 |
| Welltower, Inc. | 62 | &nbsp;&nbsp; 12 |
|  |  | &nbsp;&nbsp; 254 |
| **Healthcare Equipment &** <br> **Supplies—0.8%** | **Healthcare Equipment &** <br> **Supplies—0.8%** |  |
| Artivion, Inc.<sup>(1)</sup> <br>| 1662 | &nbsp;&nbsp; 61 |
| Axogen, Inc.<sup>(1)</sup> <br>| 403 | &nbsp;&nbsp; 13 |
| Boston Scientific Corp.<sup>(1)</sup> <br>| 332 | &nbsp;&nbsp; 21 |
| Cooper Cos., Inc. (The)<sup>(1)</sup> <br>| 3 | &nbsp;&nbsp; — <br><sup>(2)</sup><br>|
| Envista Holdings Corp.<sup>(1)</sup> <br>| 2179 | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp; Establishment Labs <br> Holdings, Inc.<sup>(1)</sup> <br>| 203 | &nbsp;&nbsp; 12 |
| IDEXX Laboratories, Inc.<sup>(1)</sup> <br>| 122 | &nbsp;&nbsp; 69 |
| iRadimed Corp. | 1010 | &nbsp;&nbsp; 97 |
| LeMaitre Vascular, Inc. | 427 | &nbsp;&nbsp; 47 |
| Medtronic plc | 422 | &nbsp;&nbsp; 37 |
| ResMed, Inc. | 197 | &nbsp;&nbsp; 44 |
| Solventum Corp.<sup>(1)</sup> <br>| 681 | &nbsp;&nbsp; 44 |
| STAAR Surgical Co.<sup>(1)</sup> <br>| 2500 | &nbsp;&nbsp; 47 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Healthcare Equipment &** <br> **Supplies—continued** | **Healthcare Equipment &** <br> **Supplies—continued** |  |
| Stryker Corp. | 80 | &nbsp;&nbsp; $26 |
|  |  | &nbsp;&nbsp; 573 |
| **Healthcare Providers &** <br> **Services—1.0%** | **Healthcare Providers &** <br> **Services—1.0%** |  |
| &nbsp;&nbsp;&nbsp; Alignment Healthcare, <br> Inc.<sup>(1)</sup> <br>| 2904 | &nbsp;&nbsp; 51 |
| Castle Biosciences, Inc.<sup>(1)</sup> <br>| 3154 | &nbsp;&nbsp; 78 |
| Cencora, Inc. | 167 | &nbsp;&nbsp; 53 |
| Chemed Corp. | 140 | &nbsp;&nbsp; 53 |
| CorVel Corp.<sup>(1)</sup> <br>| 787 | &nbsp;&nbsp; 43 |
| Ensign Group, Inc. (The) | 303 | &nbsp;&nbsp; 61 |
| &nbsp;&nbsp;&nbsp; GeneDx Holdings Corp. <br> Class A<sup>(1)</sup> <br>| 634 | &nbsp;&nbsp; 41 |
| Guardant Health, Inc.<sup>(1)</sup> <br>| 685 | &nbsp;&nbsp; 63 |
| &nbsp;&nbsp;&nbsp; Guardian Pharmacy <br> Services, Inc. Class A<sup>(1)</sup> <br>| 378 | &nbsp;&nbsp; 14 |
| HealthEquity, Inc.<sup>(1)</sup> <br>| 1855 | &nbsp;&nbsp; 155 |
| PACS Group, Inc.<sup>(1)</sup> <br>| 698 | &nbsp;&nbsp; 22 |
| &nbsp;&nbsp;&nbsp; Pediatrix Medical Group, <br> Inc.<sup>(1)</sup> <br>| 2357 | &nbsp;&nbsp; 50 |
|  |  | &nbsp;&nbsp; 684 |
| **Healthcare Technology—0.0%** | **Healthcare Technology—0.0%** |  |
| HealthStream, Inc. | 1332 | &nbsp;&nbsp; 28 |
| **Hotel & Resort REITs—0.1%** | **Hotel & Resort REITs—0.1%** |  |
| Apple Hospitality REIT, Inc. | 7776 | &nbsp;&nbsp; 89 |
| Host Hotels & Resorts, Inc. | 868 | &nbsp;&nbsp; 17 |
|  |  | &nbsp;&nbsp; 106 |
| **Hotels, Restaurants & Leisure—1.5%** | **Hotels, Restaurants & Leisure—1.5%** |  |
| &nbsp;&nbsp;&nbsp; Biglari Holdings, Inc. <br> Class B<sup>(1)</sup> <br>| 72 | &nbsp;&nbsp; 24 |
| Booking Holdings, Inc. | 51 | &nbsp;&nbsp; 215 |
| &nbsp;&nbsp;&nbsp; Brinker International, <br> Inc.<sup>(1)</sup> <br>| 590 | &nbsp;&nbsp; 84 |
| &nbsp;&nbsp;&nbsp; Chipotle Mexican Grill, Inc. <br> Class A<sup>(1)</sup> <br>| 1348 | &nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp; Cracker Barrel Old Country <br> Store, Inc.<br>| 915 | &nbsp;&nbsp; 26 |
| Darden Restaurants, Inc. | 149 | &nbsp;&nbsp; 29 |
| Domino's Pizza, Inc. | 139 | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings, <br> Inc.<br>| 161 | &nbsp;&nbsp; 49 |
| &nbsp;&nbsp;&nbsp; Marriott Vacations <br> Worldwide Corp.<br>| 642 | &nbsp;&nbsp; 42 |
| McDonald's Corp. | 107 | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp; MGM Resorts <br> International<sup>(1)</sup> <br>| 1251 | &nbsp;&nbsp; 46 |
| &nbsp;&nbsp;&nbsp; Monarch Casino & Resort, <br> Inc.<br>| 728 | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp; Planet Fitness, Inc. <br> Class A<sup>(1)</sup> <br>| 607 | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp; Rush Street Interactive, <br> Inc.<sup>(1)</sup> <br>| 2580 | &nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp; Sportradar Group AG <br> Class A<sup>(1)</sup> <br>| 1619 | &nbsp;&nbsp; 27 |
| Super Group SGHC Ltd. | 3215 | &nbsp;&nbsp; 35 |
| Travel + Leisure Co. | 1026 | &nbsp;&nbsp; 71 |
| Vail Resorts, Inc. | 217 | &nbsp;&nbsp; 28 |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Hotels, Restaurants &** <br> **Leisure—continued** | **Hotels, Restaurants &** <br> **Leisure—continued** |  |
| Wendy's Co. (The) | 6005 | &nbsp;&nbsp; $42 |
| Yum! Brands, Inc. | 230 | &nbsp;&nbsp; 36 |
|  |  | &nbsp;&nbsp; 1050 |
| **Household Durables—0.7%** | **Household Durables—0.7%** |  |
| DR Horton, Inc. | 327 | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp; Green Brick Partners, <br> Inc.<sup>(1)</sup> <br>| 684 | &nbsp;&nbsp; 44 |
| Helen of Troy Ltd.<sup>(1)</sup> <br>| 7637 | &nbsp;&nbsp; 110 |
| &nbsp;&nbsp;&nbsp; Installed Building <br> Products, Inc.<br>| 150 | &nbsp;&nbsp; 40 |
| KB Home | 503 | &nbsp;&nbsp; 26 |
| NVR, Inc.<sup>(1)</sup> <br>| 34 | &nbsp;&nbsp; 224 |
| TopBuild Corp.<sup>(1)</sup> <br>| 127 | &nbsp;&nbsp; 45 |
|  |  | &nbsp;&nbsp; 534 |
| **Household Products—0.2%** | **Household Products—0.2%** |  |
| Colgate-Palmolive Co. | 179 | &nbsp;&nbsp; 15 |
| Kimberly-Clark Corp. | 291 | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp; Procter & Gamble Co. <br> (The)<br>| 591 | &nbsp;&nbsp; 86 |
|  |  | &nbsp;&nbsp; 129 |
| **Independent Power and Renewable** <br> **Electricity Producers—0.2%** | **Independent Power and Renewable** <br> **Electricity Producers—0.2%** |  |
| Talen Energy Corp.<sup>(1)</sup> <br>| 227 | &nbsp;&nbsp; 72 |
| Vistra Corp. | 305 | &nbsp;&nbsp; 46 |
|  |  | &nbsp;&nbsp; 118 |
| **Industrial Conglomerates—0.2%** | **Industrial Conglomerates—0.2%** |  |
| General Electric Co. | 281 | &nbsp;&nbsp; 80 |
| &nbsp;&nbsp;&nbsp; Honeywell International, <br> Inc.<br>| 342 | &nbsp;&nbsp; 77 |
|  |  | &nbsp;&nbsp; 157 |
| **Industrial REITs—0.1%** | **Industrial REITs—0.1%** |  |
| EastGroup Properties, Inc. | 195 | &nbsp;&nbsp; 36 |
| **Insurance—1.6%** | **Insurance—1.6%** |  |
| Aflac, Inc. | 664 | &nbsp;&nbsp; 73 |
| Aon plc Class A | 94 | &nbsp;&nbsp; 30 |
| Chubb Ltd. | 141 | &nbsp;&nbsp; 46 |
| Erie Indemnity Co. Class A | 208 | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp; Hamilton Insurance Group <br> Ltd. Class B<br>| 1266 | &nbsp;&nbsp; 38 |
| &nbsp;&nbsp;&nbsp; Hartford Insurance Group, <br> Inc. (The)<br>| 123 | &nbsp;&nbsp; 17 |
| &nbsp;&nbsp;&nbsp; Heritage Insurance <br> Holdings, Inc.<sup>(1)</sup> <br>| 2258 | &nbsp;&nbsp; 59 |
| Kinsale Capital Group, Inc. | 134 | &nbsp;&nbsp; 46 |
| Markel Group, Inc.<sup>(1)</sup> <br>| 120 | &nbsp;&nbsp; 230 |
| &nbsp;&nbsp;&nbsp; Marsh & McLennan Cos., <br> Inc.<br>| 548 | &nbsp;&nbsp; 95 |
| NiSource, Inc. | 336 | &nbsp;&nbsp; 16 |
| &nbsp;&nbsp;&nbsp; Old Republic International <br> Corp.<br>| 314 | &nbsp;&nbsp; 13 |
| Progressive Corp. (The) | 145 | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp; RenaissanceRe Holdings <br> Ltd.<br>| 201 | &nbsp;&nbsp; 60 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Insurance—continued** | **Insurance—continued** |  |
| &nbsp;&nbsp;&nbsp; Stewart Information <br> Services Corp.<br>| 1111 | &nbsp;&nbsp; $68 |
| United Fire Group, Inc. | 734 | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp; Universal Insurance <br> Holdings, Inc.<br>| 914 | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp; White Mountains Insurance <br> Group Ltd.<br>| 93 | &nbsp;&nbsp; 204 |
| Willis Towers Watson plc | 149 | &nbsp;&nbsp; 43 |
|  |  | &nbsp;&nbsp; 1177 |
| **Interactive Media & Services—0.5%** | **Interactive Media & Services—0.5%** |  |
| Alphabet, Inc. Class A | 118 | &nbsp;&nbsp; 34 |
| Cargurus, Inc. Class A<sup>(1)</sup> <br>| 1487 | &nbsp;&nbsp; 51 |
| Match Group, Inc. | 3768 | &nbsp;&nbsp; 116 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc. <br> Class A<br>| 104 | &nbsp;&nbsp; 59 |
| Pinterest, Inc. Class A<sup>(1)</sup> <br>| 5255 | &nbsp;&nbsp; 96 |
|  |  | &nbsp;&nbsp; 356 |
| **IT Services—0.4%** | **IT Services—0.4%** |  |
| Accenture plc Class A | 407 | &nbsp;&nbsp; 81 |
| Amdocs Ltd. | 858 | &nbsp;&nbsp; 56 |
| MongoDB, Inc. Class A<sup>(1)</sup> <br>| 261 | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies <br> Holdings, Inc.<br>| 359 | &nbsp;&nbsp; 24 |
| VeriSign, Inc. | 219 | &nbsp;&nbsp; 54 |
| Wix.com Ltd.<sup>(1)</sup> <br>| 296 | &nbsp;&nbsp; 27 |
|  |  | &nbsp;&nbsp; 306 |
| **Leisure Products—0.1%** | **Leisure Products—0.1%** |  |
| &nbsp;&nbsp;&nbsp; Malibu Boats, Inc. <br> Class A<sup>(1)</sup> <br>| 932 | &nbsp;&nbsp; 24 |
| &nbsp;&nbsp;&nbsp; Smith & Wesson Brands, <br> Inc.<br>| 2852 | &nbsp;&nbsp; 41 |
|  |  | &nbsp;&nbsp; 65 |
| **Life Sciences Tools & Services—0.6%** | **Life Sciences Tools & Services—0.6%** |  |
| Agilent Technologies, Inc. | 212 | &nbsp;&nbsp; 24 |
| Illumina, Inc.<sup>(1)</sup> <br>| 346 | &nbsp;&nbsp; 43 |
| Medpace Holdings, Inc.<sup>(1)</sup> <br>| 190 | &nbsp;&nbsp; 91 |
| &nbsp;&nbsp;&nbsp; Mettler-Toledo <br> International, Inc.<sup>(1)</sup> <br>| 182 | &nbsp;&nbsp; 230 |
| QIAGEN N.V. | 835 | &nbsp;&nbsp; 33 |
|  |  | &nbsp;&nbsp; 421 |
| **Machinery—1.5%** | **Machinery—1.5%** |  |
| AGCO Corp. | 599 | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp; Allison Transmission <br> Holdings, Inc.<br>| 421 | &nbsp;&nbsp; 49 |
| Astec Industries, Inc. | 656 | &nbsp;&nbsp; 35 |
| &nbsp;&nbsp;&nbsp; Atmus Filtration <br> Technologies, Inc.<br>| 1196 | &nbsp;&nbsp; 68 |
| Blue Bird Corp.<sup>(1)</sup> <br>| 498 | &nbsp;&nbsp; 28 |
| Caterpillar, Inc. | 59 | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp; China Yuchai International <br> Ltd.<br>| 348 | &nbsp;&nbsp; 13 |
| Deere & Co. | 51 | &nbsp;&nbsp; 29 |
| Donaldson Co., Inc. | 924 | &nbsp;&nbsp; 79 |
| Douglas Dynamics, Inc. | 1613 | &nbsp;&nbsp; 68 |
| Flowserve Corp. | 948 | &nbsp;&nbsp; 70 |
| Gorman-Rupp Co. (The) | 537 | &nbsp;&nbsp; 33 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Machinery—continued** | **Machinery—continued** |  |
| Graco, Inc. | 445 | &nbsp;&nbsp; $38 |
| Graham Corp.<sup>(1)</sup> <br>| 377 | &nbsp;&nbsp; 30 |
| Helios Technologies, Inc. | 914 | &nbsp;&nbsp; 59 |
| Illinois Tool Works, Inc. | 181 | &nbsp;&nbsp; 47 |
| &nbsp;&nbsp;&nbsp; Lincoln Electric Holdings, <br> Inc.<br>| 196 | &nbsp;&nbsp; 49 |
| Otis Worldwide Corp. | 380 | &nbsp;&nbsp; 29 |
| PACCAR, Inc. | 616 | &nbsp;&nbsp; 71 |
| Proto Labs, Inc.<sup>(1)</sup> <br>| 1179 | &nbsp;&nbsp; 67 |
| Symbotic, Inc. Class A<sup>(1)</sup> <br>| 522 | &nbsp;&nbsp; 28 |
| Toro Co. (The) | 873 | &nbsp;&nbsp; 82 |
| &nbsp;&nbsp;&nbsp; Worthington Enterprises, <br> Inc.<br>| 578 | &nbsp;&nbsp; 30 |
|  |  | &nbsp;&nbsp; 1113 |
| **Marine Transportation—0.1%** | **Marine Transportation—0.1%** |  |
| Danaos Corp. | 357 | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp; Global Ship Lease, Inc. <br> Class A<br>| 1030 | &nbsp;&nbsp; 39 |
|  |  | &nbsp;&nbsp; 79 |
| **Media—0.3%** | **Media—0.3%** |  |
| EchoStar Corp. Class A<sup>(1)</sup> <br>| 144 | &nbsp;&nbsp; 17 |
| &nbsp;&nbsp;&nbsp; John Wiley & Sons, Inc. <br> Class A<br>| 1002 | &nbsp;&nbsp; 38 |
| &nbsp;&nbsp;&nbsp; New York Times Co. (The) <br> Class A<br>| 814 | &nbsp;&nbsp; 68 |
| Scholastic Corp. | 1997 | &nbsp;&nbsp; 78 |
|  |  | &nbsp;&nbsp; 201 |
| **Metals & Mining—0.5%** | **Metals & Mining—0.5%** |  |
| Agnico Eagle Mines Ltd. | 228 | &nbsp;&nbsp; 46 |
| ATI, Inc.<sup>(1)</sup> <br>| 249 | &nbsp;&nbsp; 36 |
| Barrick Mining Corp. | 1216 | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp; Compass Minerals <br> International, Inc.<sup>(1)</sup> <br>| 796 | &nbsp;&nbsp; 19 |
| Constellium SE Class A<sup>(1)</sup> <br>| 1160 | &nbsp;&nbsp; 29 |
| Freeport-McMoRan, Inc. | 362 | &nbsp;&nbsp; 21 |
| Kinross Gold Corp. | 824 | &nbsp;&nbsp; 25 |
| McEwen, Inc.<sup>(1)</sup> <br>| 407 | &nbsp;&nbsp; 8 |
| Newmont Corp. | 445 | &nbsp;&nbsp; 48 |
| Reliance, Inc. | 122 | &nbsp;&nbsp; 37 |
| Southern Copper Corp. | 268 | &nbsp;&nbsp; 46 |
| Warrior Met Coal, Inc. | 158 | &nbsp;&nbsp; 15 |
|  |  | &nbsp;&nbsp; 380 |
| **Mortgage Real Estate Investment Trusts** <br> **(REITs)—0.2%** | **Mortgage Real Estate Investment Trusts** <br> **(REITs)—0.2%** |  |
| AGNC Investment Corp. | 85 | &nbsp;&nbsp; 1 |
| Dynex Capital, Inc. | 4555 | &nbsp;&nbsp; 58 |
| Ellington Financial, Inc. | 2396 | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp; Invesco Mortgage Capital, <br> Inc. <br>| 3907 | &nbsp;&nbsp; 32 |
| Rithm Capital Corp. | 2952 | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp; Starwood Property Trust, <br> Inc.<br>| 1679 | &nbsp;&nbsp; 29 |
|  |  | &nbsp;&nbsp; 176 |
| **Multi-Utilities—0.7%** | **Multi-Utilities—0.7%** |  |
| Ameren Corp. | 654 | &nbsp;&nbsp; 72 |
| Avista Corp. | 302 | &nbsp;&nbsp; 12 |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Multi-Utilities—continued** | **Multi-Utilities—continued** |  |
| CMS Energy Corp. | 213 | &nbsp;&nbsp; $17 |
| Consolidated Edison, Inc. | 124 | &nbsp;&nbsp; 14 |
| DTE Energy Co. | 115 | &nbsp;&nbsp; 17 |
| &nbsp;&nbsp;&nbsp; Northwestern Energy <br> Group, Inc.<br>| 3885 | &nbsp;&nbsp; 256 |
| &nbsp;&nbsp;&nbsp; Public Service Enterprise <br> Group, Inc.<br>| 377 | &nbsp;&nbsp; 30 |
| WEC Energy Group, Inc. | 452 | &nbsp;&nbsp; 52 |
|  |  | &nbsp;&nbsp; 470 |
| **Office REITs—0.2%** | **Office REITs—0.2%** |  |
| COPT Defense Properties | 2195 | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp; Postal Realty Trust, Inc. <br> Class A<br>| 3423 | &nbsp;&nbsp; 64 |
|  |  | &nbsp;&nbsp; 131 |
| **Oil, Gas & Consumable Fuels—1.7%** | **Oil, Gas & Consumable Fuels—1.7%** |  |
| Antero Midstream Corp. | 2572 | &nbsp;&nbsp; 59 |
| Calumet, Inc.<sup>(1)</sup> <br>| 781 | &nbsp;&nbsp; 28 |
| Chevron Corp. | 161 | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp; Core Natural Resources, <br> Inc.<br>| 498 | &nbsp;&nbsp; 52 |
| Coterra Energy, Inc. | 7785 | &nbsp;&nbsp; 273 |
| Dorian LPG Ltd. | 1025 | &nbsp;&nbsp; 35 |
| Energy Transfer LP | 1751 | &nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp; Enterprise Products <br> Partners LP<br>| 2071 | &nbsp;&nbsp; 78 |
| Exxon Mobil Corp. | 236 | &nbsp;&nbsp; 40 |
| Gulfport Energy Corp.<sup>(1)</sup> <br>| 244 | &nbsp;&nbsp; 52 |
| International Seaways, Inc. | 351 | &nbsp;&nbsp; 26 |
| MillerKnoll, Inc. | 1611 | &nbsp;&nbsp; 23 |
| MPLX LP | 522 | &nbsp;&nbsp; 30 |
| Nabors Industries Ltd.<sup>(1)</sup> <br>| 342 | &nbsp;&nbsp; 29 |
| Phillips 66 | 298 | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp; Plains GP Holdings LP <br> Class A<sup>(1)</sup> <br>| 2087 | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp; REX American Resources <br> Corp.<sup>(1)</sup> <br>| 1586 | &nbsp;&nbsp; 72 |
| Teekay Tankers Ltd. Class A | 405 | &nbsp;&nbsp; 30 |
| Texas Pacific Land Corp. | 201 | &nbsp;&nbsp; 95 |
| &nbsp;&nbsp;&nbsp; Tsakos Energy Navigation <br> Ltd.<br>| 1763 | &nbsp;&nbsp; 70 |
| Valero Energy Corp. | 213 | &nbsp;&nbsp; 53 |
|  |  | &nbsp;&nbsp; 1217 |
| **Passenger Airlines—0.2%** | **Passenger Airlines—0.2%** |  |
| Southwest Airlines Co. | 1110 | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp; Sun Country Airlines <br> Holdings, Inc.<sup>(1)</sup> <br>| 6248 | &nbsp;&nbsp; 103 |
|  |  | &nbsp;&nbsp; 145 |
| **Personal Care Products—0.1%** | **Personal Care Products—0.1%** |  |
| BellRing Brands, Inc.<sup>(1)</sup> <br>| 3502 | &nbsp;&nbsp; 56 |
| **Pharmaceuticals—0.7%** | **Pharmaceuticals—0.7%** |  |
| &nbsp;&nbsp;&nbsp; Collegium Pharmaceutical, <br> Inc.<sup>(1)</sup> <br>| 791 | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp; Corcept Therapeutics, <br> Inc.<sup>(1)</sup> <br>| 1242 | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp; Edgewise Therapeutics, <br> Inc.<sup>(1)</sup> <br>| 661 | &nbsp;&nbsp; 21 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Pharmaceuticals—continued** | **Pharmaceuticals—continued** |  |
| &nbsp;&nbsp;&nbsp; Elanco Animal Health, <br> Inc.<sup>(1)</sup> <br>| 1621 | &nbsp;&nbsp; $39 |
| Eli Lilly & Co. | 36 | &nbsp;&nbsp; 33 |
| Johnson & Johnson | 287 | &nbsp;&nbsp; 70 |
| Oculis Holding AG<sup>(1)</sup> <br>| 872 | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp; Phibro Animal Health Corp. <br> Class A<br>| 937 | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp; Prestige Consumer <br> Healthcare, Inc.<sup>(1)</sup> <br>| 2533 | &nbsp;&nbsp; 150 |
| Zoetis, Inc. Class A | 491 | &nbsp;&nbsp; 58 |
|  |  | &nbsp;&nbsp; 522 |
| **Professional Services—1.1%** | **Professional Services—1.1%** |  |
| &nbsp;&nbsp;&nbsp; Automatic Data <br> Processing, Inc.<br>| 348 | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp; Broadridge Financial <br> Solutions, Inc.<br>| 421 | &nbsp;&nbsp; 68 |
| Clarivate plc<sup>(1)</sup> <br>| 17826 | &nbsp;&nbsp; 45 |
| Concentrix Corp. | 1078 | &nbsp;&nbsp; 29 |
| ExlService Holdings, Inc.<sup>(1)</sup> <br>| 3298 | &nbsp;&nbsp; 100 |
| Fair Isaac Corp.<sup>(1)</sup> <br>| 142 | &nbsp;&nbsp; 152 |
| FTI Consulting, Inc.<sup>(1)</sup> <br>| 325 | &nbsp;&nbsp; 57 |
| IBEX Holdings Ltd.<sup>(1)</sup> <br>| 1250 | &nbsp;&nbsp; 34 |
| Korn Ferry | 458 | &nbsp;&nbsp; 29 |
| Leidos Holdings, Inc. | 310 | &nbsp;&nbsp; 48 |
| Paychex, Inc. | 842 | &nbsp;&nbsp; 78 |
| &nbsp;&nbsp;&nbsp; Science Applications <br> International Corp.<br>| 360 | &nbsp;&nbsp; 34 |
| Willdan Group, Inc.<sup>(1)</sup> <br>| 219 | &nbsp;&nbsp; 17 |
|  |  | &nbsp;&nbsp; 762 |
| **Real Estate Management &** <br> **Development—0.2%** | **Real Estate Management &** <br> **Development—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Howard Hughes Holdings, <br> Inc.<sup>(1)</sup> <br>| 752 | &nbsp;&nbsp; 48 |
| Jones Lang LaSalle, Inc.<sup>(1)</sup> <br>| 168 | &nbsp;&nbsp; 51 |
| St Joe Co. (The) | 1026 | &nbsp;&nbsp; 64 |
|  |  | &nbsp;&nbsp; 163 |
| **Residential REITs—0.1%** | **Residential REITs—0.1%** |  |
| &nbsp;&nbsp;&nbsp; American Homes 4 Rent <br> Class A<br>| 484 | &nbsp;&nbsp; 14 |
| &nbsp;&nbsp;&nbsp; Equity LifeStyle Properties, <br> Inc.<br>| 704 | &nbsp;&nbsp; 44 |
| &nbsp;&nbsp;&nbsp; Mid-America Apartment <br> Communities, Inc.<br>| 92 | &nbsp;&nbsp; 11 |
|  |  | &nbsp;&nbsp; 69 |
| **Retail REITs—0.2%** | **Retail REITs—0.2%** |  |
| &nbsp;&nbsp;&nbsp; CBL & Associates <br> Properties, Inc.<br>| 734 | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp; Federal Realty Investment <br> Trust<br>| 124 | &nbsp;&nbsp; 13 |
| Getty Realty Corp. | 671 | &nbsp;&nbsp; 21 |
| NNN REIT, Inc. | 115 | &nbsp;&nbsp; 5 |
| Phillips Edison & Co., Inc. | 544 | &nbsp;&nbsp; 20 |
| Regency Centers Corp. | 199 | &nbsp;&nbsp; 15 |
| Tanger, Inc. | 1748 | &nbsp;&nbsp; 60 |
|  |  | &nbsp;&nbsp; 162 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Semiconductors & Semiconductor** <br> **Equipment—0.8%** | **Semiconductors & Semiconductor** <br> **Equipment—0.8%** |  |
| Broadcom, Inc. | 276 | &nbsp;&nbsp; $85 |
| Cohu, Inc.<sup>(1)</sup> <br>| 449 | &nbsp;&nbsp; 14 |
| FormFactor, Inc.<sup>(1)</sup> <br>| 184 | &nbsp;&nbsp; 18 |
| Intel Corp.<sup>(1)</sup> <br>| 191 | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp; Kulicke & Soffa Industries, <br> Inc.<br>| 617 | &nbsp;&nbsp; 41 |
| Lam Research Corp. | 104 | &nbsp;&nbsp; 22 |
| Marvell Technology, Inc. | 4 | &nbsp;&nbsp; — <br><sup>(2)</sup><br>|
| Micron Technology, Inc. | 79 | &nbsp;&nbsp; 27 |
| NVIDIA Corp. | 402 | &nbsp;&nbsp; 70 |
| PDF Solutions, Inc.<sup>(1)</sup> <br>| 387 | &nbsp;&nbsp; 13 |
| Photronics, Inc.<sup>(1)</sup> <br>| 986 | &nbsp;&nbsp; 40 |
| Teradyne, Inc. | 71 | &nbsp;&nbsp; 21 |
| Veeco Instruments, Inc.<sup>(1)</sup> <br>| 6545 | &nbsp;&nbsp; 222 |
|  |  | &nbsp;&nbsp; 581 |
| **Software—1.9%** | **Software—1.9%** |  |
| Adobe, Inc.<sup>(1)</sup> <br>| 117 | &nbsp;&nbsp; 28 |
| Alkami Technology, Inc.<sup>(1)</sup> <br>| 3014 | &nbsp;&nbsp; 47 |
| AppLovin Corp. Class A<sup>(1)</sup> <br>| 57 | &nbsp;&nbsp; 23 |
| Autodesk, Inc.<sup>(1)</sup> <br>| 413 | &nbsp;&nbsp; 99 |
| BILL Holdings, Inc.<sup>(1)</sup> <br>| 2046 | &nbsp;&nbsp; 78 |
| BlackBerry Ltd.<sup>(1)</sup> <br>| 32439 | &nbsp;&nbsp; 105 |
| Box, Inc. Class A<sup>(1)</sup> <br>| 1271 | &nbsp;&nbsp; 30 |
| Clear Secure, Inc. Class A | 1136 | &nbsp;&nbsp; 55 |
| Cognyte Software Ltd.<sup>(1)</sup> <br>| 8543 | &nbsp;&nbsp; 69 |
| Docusign, Inc. Class A<sup>(1)</sup> <br>| 2431 | &nbsp;&nbsp; 115 |
| Gen Digital, Inc. | 5334 | &nbsp;&nbsp; 100 |
| InterDigital, Inc. | 163 | &nbsp;&nbsp; 49 |
| &nbsp;&nbsp;&nbsp; Manhattan Associates, <br> Inc.<sup>(1)</sup> <br>| 328 | &nbsp;&nbsp; 44 |
| nCino, Inc.<sup>(1)</sup> <br>| 5591 | &nbsp;&nbsp; 84 |
| Nutanix, Inc. Class A<sup>(1)</sup> <br>| 168 | &nbsp;&nbsp; 6 |
| Oracle Corp. | 160 | &nbsp;&nbsp; 24 |
| &nbsp;&nbsp;&nbsp; Pagaya Technologies Ltd. <br> Class A<sup>(1)</sup> <br>| 937 | &nbsp;&nbsp; 11 |
| PagerDuty, Inc.<sup>(1)</sup> <br>| 4871 | &nbsp;&nbsp; 30 |
| Pegasystems, Inc. | 1915 | &nbsp;&nbsp; 82 |
| Progress Software Corp.<sup>(1)</sup> <br>| 808 | &nbsp;&nbsp; 21 |
| Rapid7, Inc.<sup>(1)</sup> <br>| 555 | &nbsp;&nbsp; 3 |
| Red Violet, Inc.<sup>(1)</sup> <br>| 455 | &nbsp;&nbsp; 16 |
| Roper Technologies, Inc. | 185 | &nbsp;&nbsp; 66 |
| Rubrik, Inc. Class A<sup>(1)</sup> <br>| 512 | &nbsp;&nbsp; 25 |
| Salesforce, Inc. | 406 | &nbsp;&nbsp; 76 |
| Synopsys, Inc.<sup>(1)</sup> <br>| 61 | &nbsp;&nbsp; 24 |
| Teradata Corp.<sup>(1)</sup> <br>| 1254 | &nbsp;&nbsp; 32 |
|  |  | &nbsp;&nbsp; 1342 |
| **Specialized REITs—0.5%** | **Specialized REITs—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Four Corners Property <br> Trust, Inc.<br>| 666 | &nbsp;&nbsp; 16 |
| &nbsp;&nbsp;&nbsp; Gaming & Leisure <br> Properties, Inc.<br>| 258 | &nbsp;&nbsp; 11 |
| &nbsp;&nbsp;&nbsp; Lamar Advertising Co. <br> Class A<br>| 486 | &nbsp;&nbsp; 62 |
| &nbsp;&nbsp;&nbsp; National Storage Affiliates <br> Trust<br>| 5460 | &nbsp;&nbsp; 206 |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Specialized REITs—continued** | **Specialized REITs—continued** |  |
| &nbsp;&nbsp;&nbsp; VICI Properties, Inc. <br> Class A<br>| 1604 | &nbsp;&nbsp; $44 |
|  |  | &nbsp;&nbsp; 339 |
| **Specialty Retail—2.1%** | **Specialty Retail—2.1%** |  |
| &nbsp;&nbsp;&nbsp; Abercrombie & Fitch Co. <br> Class A<sup>(1)</sup> <br>| 79 | &nbsp;&nbsp; 7 |
| &nbsp;&nbsp;&nbsp; Academy Sports & <br> Outdoors, Inc.<br>| 552 | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp; American Eagle Outfitters, <br> Inc.<br>| 447 | &nbsp;&nbsp; 7 |
| &nbsp;&nbsp;&nbsp; Asbury Automotive Group, <br> Inc.<sup>(1)</sup> <br>| 249 | &nbsp;&nbsp; 49 |
| AutoZone, Inc.<sup>(1)</sup> <br>| 57 | &nbsp;&nbsp; 192 |
| Bath & Body Works, Inc. | 459 | &nbsp;&nbsp; 9 |
| Best Buy Co., Inc. | 509 | &nbsp;&nbsp; 33 |
| Buckle, Inc. (The) | 675 | &nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp; Build-A-Bear Workshop, <br> Inc. Class A<br>| 1450 | &nbsp;&nbsp; 54 |
| CarMax, Inc.<sup>(1)</sup> <br>| 3943 | &nbsp;&nbsp; 164 |
| Chewy, Inc. Class A<sup>(1)</sup> <br>| 1263 | &nbsp;&nbsp; 34 |
| Dick's Sporting Goods, Inc. | 731 | &nbsp;&nbsp; 145 |
| Five Below, Inc.<sup>(1)</sup> <br>| 304 | &nbsp;&nbsp; 69 |
| Gap, Inc. (The) | 1163 | &nbsp;&nbsp; 28 |
| O'Reilly Automotive, Inc.<sup>(1)</sup> <br>| 2204 | &nbsp;&nbsp; 203 |
| RH<sup>(1)</sup> <br>| 386 | &nbsp;&nbsp; 54 |
| Ross Stores, Inc. | 245 | &nbsp;&nbsp; 53 |
| Signet Jewelers Ltd. | 346 | &nbsp;&nbsp; 29 |
| TJX Cos., Inc. (The) | 730 | &nbsp;&nbsp; 117 |
| Tractor Supply Co. | 941 | &nbsp;&nbsp; 43 |
| Ulta Beauty, Inc.<sup>(1)</sup> <br>| 145 | &nbsp;&nbsp; 76 |
| Urban Outfitters, Inc.<sup>(1)</sup> <br>| 515 | &nbsp;&nbsp; 33 |
| Williams-Sonoma, Inc. | 164 | &nbsp;&nbsp; 30 |
|  |  | &nbsp;&nbsp; 1494 |
| **Technology Hardware, Storage &** <br> **Peripherals—0.3%** | **Technology Hardware, Storage &** <br> **Peripherals—0.3%** |  |
| Apple, Inc. | 142 | &nbsp;&nbsp; 36 |
| Everpure, Inc. Class A<sup>(1)</sup> <br>| 439 | &nbsp;&nbsp; 26 |
| GPGI, Inc. Class A | 2279 | &nbsp;&nbsp; 39 |
| HP, Inc. | 345 | &nbsp;&nbsp; 7 |
| NetApp, Inc. | 287 | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp; Seagate Technology <br> Holdings plc<br>| 78 | &nbsp;&nbsp; 30 |
| Western Digital Corp. | 103 | &nbsp;&nbsp; 28 |
|  |  | &nbsp;&nbsp; 195 |
| **Textiles, Apparel & Luxury** <br> **Goods—0.5%** | **Textiles, Apparel & Luxury** <br> **Goods—0.5%** |  |
| Amer Sports, Inc.<sup>(1)</sup> <br>| 754 | &nbsp;&nbsp; 25 |
| G-III Apparel Group Ltd. | 1118 | &nbsp;&nbsp; 31 |
| Lululemon Athletica, Inc.<sup>(1)</sup> <br>| 105 | &nbsp;&nbsp; 16 |
| Oxford Industries, Inc. | 896 | &nbsp;&nbsp; 35 |
| PVH Corp. | 1841 | &nbsp;&nbsp; 128 |
| Ralph Lauren Corp. Class A | 157 | &nbsp;&nbsp; 54 |
| Tapestry, Inc. | 546 | &nbsp;&nbsp; 77 |
|  |  | &nbsp;&nbsp; 366 |
| **Tobacco—0.1%** | **Tobacco—0.1%** |  |
| Altria Group, Inc. | 463 | &nbsp;&nbsp; 30 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Tobacco—continued** | **Tobacco—continued** |  |
| Universal Corp. | 834 | &nbsp;&nbsp; $44 |
|  |  | &nbsp;&nbsp; 74 |
| **Trading Companies &** <br> **Distributors—0.7%** | **Trading Companies &** <br> **Distributors—0.7%** |  |
| Core & Main, Inc. Class A<sup>(1)</sup> <br>| 2309 | &nbsp;&nbsp; 114 |
| Fastenal Co. | 777 | &nbsp;&nbsp; 36 |
| United Rentals, Inc. | 44 | &nbsp;&nbsp; 32 |
| W.W. Grainger, Inc. | 35 | &nbsp;&nbsp; 38 |
| Watsco, Inc. | 823 | &nbsp;&nbsp; 300 |
|  |  | &nbsp;&nbsp; 520 |
| **Water Utilities—0.4%** | **Water Utilities—0.4%** |  |
| American States Water Co. | 527 | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp; Consolidated Water Co., <br> Ltd.<br>| 272 | &nbsp;&nbsp; 9 |
| Essential Utilities, Inc. | 5293 | &nbsp;&nbsp; 213 |
|  |  | &nbsp;&nbsp; 262 |
| **Wireless Telecommunication** <br> **Services—0.1%** | **Wireless Telecommunication** <br> **Services—0.1%** |  |
| &nbsp;&nbsp;&nbsp; Millicom International <br> Cellular S.A.<br>| 339 | &nbsp;&nbsp; 25 |
| T-Mobile US, Inc. | 151 | &nbsp;&nbsp; 32 |
|  |  | &nbsp;&nbsp; 57 |
| **Total Common Stocks** <br>**(Identified Cost $31,461)** | **Total Common Stocks** <br>**(Identified Cost $31,461)** | &nbsp;&nbsp; **30718** |
| **Master Limited Partnerships and Related** <br> **Companies—0.4%** | **Master Limited Partnerships and Related** <br> **Companies—0.4%** | **Master Limited Partnerships and Related** <br> **Companies—0.4%** |
| **Diversified—0.1%** | **Diversified—0.1%** |  |
| CVR Partners LP | 539 | &nbsp;&nbsp; 68 |
| **Downstream/Other—0.2%** | **Downstream/Other—0.2%** |  |
| Delek Logistics Partners LP | 649 | &nbsp;&nbsp; 32 |
| &nbsp;&nbsp;&nbsp; USA Compression <br> Partners LP<br>| 1056 | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp; Westlake Chemical <br> Partners LP<br>| 4513 | &nbsp;&nbsp; 100 |
|  |  | &nbsp;&nbsp; 161 |
| **Electric, LDC & Power—0.0%** | **Electric, LDC & Power—0.0%** |  |
| &nbsp;&nbsp;&nbsp; Suburban Propane <br> Partners LP<br>| 1698 | &nbsp;&nbsp; 33 |
| **Gathering/Processing—0.1%** | **Gathering/Processing—0.1%** |  |
| &nbsp;&nbsp;&nbsp; Western Midstream <br> Partners LP<br>| 1020 | &nbsp;&nbsp; 42 |
| **Total Master Limited** <br> **Partnerships and Related** <br> **Companies** <br>**(Identified Cost $289)** | **Total Master Limited** <br> **Partnerships and Related** <br> **Companies** <br>**(Identified Cost $289)** | &nbsp;&nbsp; **304** |
| **Total Long-Term** <br> **Investments—43.1%** <br>**(Identified Cost $31,750)** | **Total Long-Term** <br> **Investments—43.1%** <br>**(Identified Cost $31,750)** | &nbsp;&nbsp; **31022** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Short-Term Investment—39.0%** | **Short-Term Investment—39.0%** | **Short-Term Investment—39.0%** |
| **Money Market Mutual Fund—39.0%** | **Money Market Mutual Fund—39.0%** | **Money Market Mutual Fund—39.0%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund - <br> Institutional Shares <br> (seven-day effective <br> yield 3.531%)<sup>(3)</sup> <br>| 28002291 | &nbsp;&nbsp; $28002 |
| **Total Short-Term Investment** <br>**(Identified Cost $28,002)** | **Total Short-Term Investment** <br>**(Identified Cost $28,002)** | &nbsp;&nbsp; **28002** |
| **TOTAL INVESTMENTS, BEFORE** <br> **SECURITIES SOLD SHORT**—**82.1%** <br>**(Identified Cost $59,752)** | **TOTAL INVESTMENTS, BEFORE** <br> **SECURITIES SOLD SHORT**—**82.1%** <br>**(Identified Cost $59,752)** | &nbsp;&nbsp; **59024** |
| **Securities Sold Short—0.0%** | **Securities Sold Short—0.0%** | **Securities Sold Short—0.0%** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Common Stock—0.0%** | **Common Stock—0.0%** | **Common Stock—0.0%** |
| **Oil, Gas & Consumable Fuels—0.0%** | **Oil, Gas & Consumable Fuels—0.0%** |  |
| Frontline plc | 1 | &nbsp;&nbsp; 23<br>|
| **Total Common Stock** <br>**(Identified Cost $23)** | **Total Common Stock** <br>**(Identified Cost $23)** | &nbsp;&nbsp; **23**<br>|
| **Total Securities Sold Short** <br>**(Identified Cost $23)** | **Total Securities Sold Short** <br>**(Identified Cost $23)** | &nbsp;&nbsp; **23**<br>|
| **TOTAL INVESTMENTS, NET OF** <br> **SECURITIES SOLD SHORT—82.1%** <br>**(Identified Cost $59,775)** | **TOTAL INVESTMENTS, NET OF** <br> **SECURITIES SOLD SHORT—82.1%** <br>**(Identified Cost $59,775)** | &nbsp;&nbsp; **$59047** |
| Other assets and liabilities, net—17.9% | Other assets and liabilities, net—17.9% | &nbsp;&nbsp; 12876 |
| **NET ASSETS—100.0%** | **NET ASSETS—100.0%** | &nbsp;&nbsp; **$71923** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| BDC | Business Development Companies |
| LP | Limited Partnership |
| plc | Public Limited Company |
| REIT | Real Estate Investment Trust |
| S&P | Standard & Poor's |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Footnote Legend:** | **Footnote Legend:** |
| <sup>(1)</sup> <br>| Non-income producing. |
| <sup>(2)</sup> <br>| Amount is less than $500 (not in thousands). |
| <sup>(3)</sup> <br>| Shares of this fund are publicly offered, and its <br> prospectus and annual report are publicly available.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Counterparties:** |  |
| MS | Morgan Stanley Capital Services LLC |
| UBS AG | UBS AG |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Foreign Currencies:** | **Foreign Currencies:** |
| CHF | Swiss Franc |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| PLN | Polish Zloty |
| SEK | Swedish Krona |
| SGD | Singapore Dollar |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

USD United States Dollar <br> ZAR South African Rand

\|

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Exchange-traded futures contracts as of March 31, 2026 were as follows:** | **Exchange-traded futures contracts as of March 31, 2026 were as follows:** | **Exchange-traded futures contracts as of March 31, 2026 were as follows:** | **Exchange-traded futures contracts as of March 31, 2026 were as follows:** | **Exchange-traded futures contracts as of March 31, 2026 were as follows:** | **Exchange-traded futures contracts as of March 31, 2026 were as follows:** |
| **Issue** | **Expiration** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Contracts** <br>**Purchased/(Sold)**<br>| **Notional Value** | &nbsp;&nbsp; **Value /** <br>**Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp; **Value /** <br>**Unrealized** <br>**Depreciation**<br>|
| **Long Contracts:** |  |  |  |  |  |
| FTSE China A50 Index Future | April 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350 | &nbsp;&nbsp;&nbsp; $5088 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(34)<br>|
| FTSE Taiwan Index Future | April 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; 103 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (7)<br>|
| Hang Seng Index Future | April 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp; 2368 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (44)<br>|
| HSCEI Index Future | April 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp; 959 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (24)<br>|
| MSCI Singapore IX ETS Future | April 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp; 170 | &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; — |
| OMXS 30 Index Future | April 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp; 154 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3)<br>|
| Brazil Real Future | May 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81 | &nbsp;&nbsp;&nbsp; 1550 | &nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp; — |
| Copper Future | May 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; 140 | &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; — |
| Gasoline RBOB Future | May 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; 135 | &nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp; — |
| Low Sulphur Gas Oil Future | May 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; 248 | &nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp; — |
| Natural Gas Future | May 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp; 87 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (14)<br>|
| NY Harbor ULSD Future | May 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; 173 | &nbsp;&nbsp;&nbsp; 43 | &nbsp;&nbsp;&nbsp; — |
| WTI Crude Future | May 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp; 811 | &nbsp;&nbsp;&nbsp; 162 | &nbsp;&nbsp;&nbsp; — |
| 10 Year Canadian Bond Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61 | &nbsp;&nbsp;&nbsp; 5262 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (29)<br>|
| 30 Year U.S. Treasury Bond Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; 228 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (7)<br>|
| Australian Dollar Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp; 1789 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (25)<br>|
| Brent Crude Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp; 1456 | &nbsp;&nbsp;&nbsp; 302 | &nbsp;&nbsp;&nbsp; — |
| Canadian Dollar Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp; 3456 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (79)<br>|
| Euro FX Currency Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp; 4634 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (15)<br>|
| Euro STOXX 50<sup>®</sup> Index Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp; 826 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (18)<br>|
| Euro-BTP Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp; 3763 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (46)<br>|
| Euro-OAT Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; 137 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1)<br>|
| FTSE 100 Index Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; 135 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1)<br>|
| Gold Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp; 3275 | &nbsp;&nbsp;&nbsp; 126 | &nbsp;&nbsp;&nbsp; — |
| Japanese Yen Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp; 950 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Live Cattle Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp; 292 | &nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp; — |
| LME Nickel Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; 205 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (10)<br>|
| LME Aluminium Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp; 609 | &nbsp;&nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp; — |
| LME Zinc Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp; 405 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (18)<br>|
| Mexican Peso Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178 | &nbsp;&nbsp;&nbsp; 4927 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (104)<br>|
| MSCI EAFE<sup>®</sup> Index Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp; 5367 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (30)<br>|
| MSCI Emerging Markets Index Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109 | &nbsp;&nbsp;&nbsp; 7928 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (79)<br>|
| Nasdaq 100<sup>®</sup> E-Mini Index Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp; 4305 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (122)<br>|
| S&P 500<sup>®</sup> E-Mini Index Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp; 1971 | &nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp; — |
| S&P Mid 400<sup>®</sup> E-Mini Index Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp; 3396 | &nbsp;&nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp; — |
| S&P/TSX 60 Index Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; 274 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1)<br>|
| SPI 200 Index Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; 147 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (2)<br>|
| STOXX Europe 600 Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107 | &nbsp;&nbsp;&nbsp; 3572 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (61)<br>|
| TOPIX Index Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp; 2429 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (98)<br>|
| Coffee 'C' Future | July 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; 109 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (2)<br>|
| Soybean Future | July 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp; 712 | &nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp; — |
| Soybean Meal Future | July 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp; 94 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (4)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp; $817 | &nbsp;&nbsp;&nbsp; $(878)<br>|
| **Short Contracts:** |  |  |  |  |  |
| Indian Rupee Future | April 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (168)<br>| &nbsp;&nbsp;&nbsp; (3554)<br>| &nbsp;&nbsp;&nbsp; 60 | &nbsp;&nbsp;&nbsp; — |
| 2 Year U.S. Treasury Note Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (32)<br>| &nbsp;&nbsp;&nbsp; (6638)<br>| &nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp; — |
| 3 Year Australian Bond Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12)<br>| &nbsp;&nbsp;&nbsp; (858)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| 5 Year U.S. Treasury Note Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10)<br>| &nbsp;&nbsp;&nbsp; (1082)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3)<br>|
| 10 Year Australian Bond Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (88)<br>| &nbsp;&nbsp;&nbsp; (6542)<br>| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp; — |
| 10 Year Euro-Bund Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (73)<br>| &nbsp;&nbsp;&nbsp; (10580)<br>| &nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp; — |
| 10 Year U.S. Treasury Note Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (105)<br>| &nbsp;&nbsp;&nbsp; (11660)<br>| &nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp; — |
| 10 Year U.S. Ultra Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9)<br>| &nbsp;&nbsp;&nbsp; (1022)<br>| &nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp; — |
| 30 Year Euro-BUXL Bond Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp; (382)<br>| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; — |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Exchange-traded futures contracts as of March 31, 2026 were as follows (continued):** | **Exchange-traded futures contracts as of March 31, 2026 were as follows (continued):** | **Exchange-traded futures contracts as of March 31, 2026 were as follows (continued):** | **Exchange-traded futures contracts as of March 31, 2026 were as follows (continued):** | **Exchange-traded futures contracts as of March 31, 2026 were as follows (continued):** | **Exchange-traded futures contracts as of March 31, 2026 were as follows (continued):** |
| **Issue** | **Expiration** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Contracts**<br> **Purchased/(Sold)**<br>| **Notional Value** | &nbsp;&nbsp; **Value /**<br> **Unrealized**<br> **Appreciation**<br>| &nbsp;&nbsp; **Value /**<br> **Unrealized**<br> **Depreciation**<br>|
| British Pound Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37)<br>| &nbsp;&nbsp;&nbsp; $(3059)<br>| &nbsp;&nbsp;&nbsp; $22 | &nbsp;&nbsp;&nbsp; $— |
| Euro-BOBL Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7)<br>| &nbsp;&nbsp;&nbsp; (934)<br>| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; — |
| Euro-BTP Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8)<br>| &nbsp;&nbsp;&nbsp; (979)<br>| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; — |
| Euro-Schatz Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10)<br>| &nbsp;&nbsp;&nbsp; (1222)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1)<br>|
| LME Nickel Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<br>| &nbsp;&nbsp;&nbsp; (205)<br>| &nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp; — |
| Russell 2000<sup>®</sup> E-Mini Index Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (31)<br>| &nbsp;&nbsp;&nbsp; (3894)<br>| &nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra Bond Future | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6)<br>| &nbsp;&nbsp;&nbsp; (699)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1)<br>|
| Cocoa Future | July 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)<br>| &nbsp;&nbsp;&nbsp; (168)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1)<br>|
| Corn Future | July 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (60)<br>| &nbsp;&nbsp;&nbsp; (1405)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (57)<br>|
| Cotton No. 2 Future | July 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp; (829)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (16)<br>|
| Sugar #11World Future | July 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (28)<br>| &nbsp;&nbsp;&nbsp; (492)<br>| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; — |
| Wheat Future | July 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7)<br>| &nbsp;&nbsp;&nbsp; (219)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (23)<br>|
| 3-Month EURIBOR Future | September 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22)<br>| &nbsp;&nbsp;&nbsp; (6183)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1)<br>|
| 3-Month SOFR Future | September 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (50)<br>| &nbsp;&nbsp;&nbsp; (12042)<br>| &nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp; — |
| 3-Month SONIA Index Future | September 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp; (8547)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (5)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp; 177 | &nbsp;&nbsp;&nbsp; (108)<br>|
| **Total** |  |  |  | &nbsp;&nbsp;&nbsp; $994 | &nbsp;&nbsp;&nbsp; $(986)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts as of March 31, 2026 were as follows:** | **Forward foreign currency exchange contracts as of March 31, 2026 were as follows:** | **Forward foreign currency exchange contracts as of March 31, 2026 were as follows:** | **Forward foreign currency exchange contracts as of March 31, 2026 were as follows:** | **Forward foreign currency exchange contracts as of March 31, 2026 were as follows:** | **Forward foreign currency exchange contracts as of March 31, 2026 were as follows:** | **Forward foreign currency exchange contracts as of March 31, 2026 were as follows:** | **Forward foreign currency exchange contracts as of March 31, 2026 were as follows:** |
| **Currency** <br>**Purchased**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Currency** <br>**Amount** <br>**Purchased**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Currency** <br>**Sold**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Currency** <br>**Amount** <br>**Sold**<br>| **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Settlement** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>**Depreciation**<br>|
| CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 631 | UBS AG | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>|
| NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2086 | UBS AG | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22) <br>|
| NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416 | UBS AG | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13) <br>|
| PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274 | UBS AG | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) <br>|
| SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1068 | UBS AG | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8) <br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5841 | CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500 | UBS AG | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2624 | NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500 | UBS AG | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133 | PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | UBS AG | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) <br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1764 | SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16000 | UBS AG | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588 | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750 | UBS AG | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119 | ZAR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000 | UBS AG | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| ZAR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26000 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1581 | UBS AG | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (53) <br>|
| **Total** |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(102) <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Over-the-counter equity basket total return swap outstanding as of March 31, 2026 were as follows:** | **Over-the-counter equity basket total return swap outstanding as of March 31, 2026 were as follows:** | **Over-the-counter equity basket total return swap outstanding as of March 31, 2026 were as follows:** | **Over-the-counter equity basket total return swap outstanding as of March 31, 2026 were as follows:** | **Over-the-counter equity basket total return swap outstanding as of March 31, 2026 were as follows:** | **Over-the-counter equity basket total return swap outstanding as of March 31, 2026 were as follows:** | **Over-the-counter equity basket total return swap outstanding as of March 31, 2026 were as follows:** |
|  | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value of** <br>**Reference Entities**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount** <br>**Net Asset** <br>**Percentage**<br>|
| Equity Securities Short | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(9791)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(9791)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -13.61<br> %%<br>|

---

The following table represents the reference entities underlying the total return swap with Morgan Stanley Capital Services LLC as of March 31, 2026:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** |
| **Reference** <br>**Entity**<br>| **Pay** | &nbsp;&nbsp;&nbsp;&nbsp; **Payment** <br>**Frequency**<br>| **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Maturity** <br>**Date**<br>| **Shares** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Short** |  |  |  |  |  |  |  |  |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** |
| **Reference**<br> **Entity**<br>| **Pay** | &nbsp;&nbsp;&nbsp;&nbsp; **Payment**<br> **Frequency**<br>| **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Maturity**<br> **Date**<br>| **Shares** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional**<br> **Amount**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Aerospace & Defense** |  |  |  |  |  |  |  |  |
| Archer Aviation, Inc.-A | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2581)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(13)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(13)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Intuitive Machines, Inc. | USFF -0.990% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2699)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Loar Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (825)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (47)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (47)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Rocket Lab Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (754)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (159)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (159)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Air Freight & Logistics** |  |  |  |  |  |  |  |  |
| FedEx Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (10)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| United Parcel Service, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (399)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Automobile Components** |  |  |  |  |  |  |  |  |
| Aptiv plc | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (433)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| BorgWarner, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (461)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (55)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (55)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Banks** |  |  |  |  |  |  |  |  |
| Associated Banc-Corp | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1984)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (51)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (51)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Beacon Financial Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1593)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Columbia Financial, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2887)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (51)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (51)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| CVB Financial Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2795)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (54)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (54)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Eastern Bankshares, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2400)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (47)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (47)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Financial Institutions, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1557)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Firstsun Capital Bancorp | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (5500)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (201)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (201)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Mechanics Bancorp | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (4098)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (61)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (61)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Oceanfirst Financial Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (3044)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (55)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (55)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Prosperity Bancshares, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1150)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (77)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (77)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| TFS Financial Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2579)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Triumph Financial, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (845)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Washington Trust Bancorp, <br> Inc.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2501)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (84)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (84)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (864)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (864)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Beverages** |  |  |  |  |  |  |  |  |
| Keurig Dr Pepper, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (726)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Biotechnology** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arrowhead Pharmaceuticals, <br> Inc.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (17)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Biogen, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (139)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cytokinetics, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (562)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Ideaya Biosciences, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (870)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (29)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (29)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Immunovant, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1410)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Moderna, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1308)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (66)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (66)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Twist Bioscience Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1119)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (53)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (53)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (247)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (247)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Broadline Retail** |  |  |  |  |  |  |  |  |
| Amazon.com, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Coupang, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2070)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Building Products** |  |  |  |  |  |  |  |  |
| Carrier Global Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (815)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (46)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (46)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| CSW Industrials, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (116)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Masterbrand, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (11564)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (96)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (96)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Resideo Technologies, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1429)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (220)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (220)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** |
| **Reference**<br> **Entity**<br>| **Pay** | &nbsp;&nbsp;&nbsp;&nbsp; **Payment**<br> **Frequency**<br>| **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Maturity**<br> **Date**<br>| **Shares** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional**<br> **Amount**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Capital Markets** |  |  |  |  |  |  |  |  |
| Coinbase Global, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (346)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(60)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(60)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Hamilton Lane, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (229)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Morningstar, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (88)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (88)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Chemicals** |  |  |  |  |  |  |  |  |
| Albemarle Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (153)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Chemours Co. (The) | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1838)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Linde plc | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (12)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (12)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Mosaic Co. (The) | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1846)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (47)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (47)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Olin Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1215)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Perimeter Solutions, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1813)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Sherwin-Williams Co. (The) | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (70)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Westlake Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (690)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (81)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (81)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (311)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (311)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Commercial Services &** <br> **Supplies**<br>|  |  |  |  |  |  |  |  |
| Brink's Co. (The) | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (720)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (75)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (75)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Casella Waste Systems, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (619)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Montrose Environmental <br> Group, Inc.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1101)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Republic Services, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (149)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (149)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Communications Equipment** |  |  |  |  |  |  |  |  |
| Applied Optoelectronics, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (591)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Lumentum Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (67)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (47)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (47)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (97)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (97)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Construction & Engineering** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; WillScot Mobile Mini Holdings <br> Corp.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1348)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Consumer Finance** |  |  |  |  |  |  |  |  |
| Navient Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (4358)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Sofi Technologies, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (210)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Upstart Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (673)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (17)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (17)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (56)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (56)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Consumer Staples** <br> **Distribution & Retail**<br>|  |  |  |  |  |  |  |  |
| BBB Foods, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1287)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (46)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (46)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Containers & Packaging** |  |  |  |  |  |  |  |  |
| Amcor plc | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1608)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (64)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (64)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| International Paper Co. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1494)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (53)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (53)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (117)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (117)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Diversified Consumer** <br> **Services**<br>|  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bright Horizons Family <br> Solutions, Inc.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (477)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Coursera, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (13574)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (79)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (79)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (118)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (118)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** |
| **Reference**<br> **Entity**<br>| **Pay** | &nbsp;&nbsp;&nbsp;&nbsp; **Payment**<br> **Frequency**<br>| **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Maturity**<br> **Date**<br>| **Shares** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional**<br> **Amount**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Diversified REITs** |  |  |  |  |  |  |  |  |
| CTO Realty Growth, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (928)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(17)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(17)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Cubesmart | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (955)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Essential Properties Realty <br> Trust, Inc.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (895)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Global Net Lease, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1187)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (11)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (11)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Ryman Hospitality Properties, <br> Inc.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (266)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| WP Carey, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (46)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (118)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (118)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Diversified** <br> **Telecommunication Services**<br>|  |  |  |  |  |  |  |  |
| Iridium Communications, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1313)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Liberty Global Ltd. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (4401)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (53)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (53)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (90)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (90)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Electronic Equipment,** <br> **Instruments & Components**<br>|  |  |  |  |  |  |  |  |
| Coherent Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (324)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (77)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (77)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Corning, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (156)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Novanta, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (259)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Ouster, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2157)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (169)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (169)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Energy Equipment & Services** |  |  |  |  |  |  |  |  |
| Archrock, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1378)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Patterson-UTI Energy, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (5557)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (60)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (60)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Propetro Holding Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (4027)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (58)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (58)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Transocean Ltd. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (5557)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Valaris Ltd. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (332)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Weatherford International plc | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (329)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (267)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (267)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Entertainment** |  |  |  |  |  |  |  |  |
| Spotify Technology S.A. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (70)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Financial Services** |  |  |  |  |  |  |  |  |
| Affirm Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1900)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (87)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (87)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Banco Latinoamericano <br> Come-E<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (783)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cannae Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (3442)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Equitable Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1006)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| PayPal Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (918)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (245)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (245)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Food Products** |  |  |  |  |  |  |  |  |
| Freshpet, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (442)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| J M Smucker Co. (The) | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (220)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Kraft Heinz Co. (The) | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (862)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Mission Produce, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1930)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Mondelez International, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1453)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (84)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (84)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (177)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (177)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Gas Utilities** |  |  |  |  |  |  |  |  |
| Atmos Energy Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (16)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** |
| **Reference**<br> **Entity**<br>| **Pay** | &nbsp;&nbsp;&nbsp;&nbsp; **Payment**<br> **Frequency**<br>| **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Maturity**<br> **Date**<br>| **Shares** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional**<br> **Amount**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Ground Transportation** |  |  |  |  |  |  |  |  |
| RXO, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1934)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— |
| **Health Care REITs** |  |  |  |  |  |  |  |  |
| Caretrust REIT, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1338)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Community Healthcare Trust, <br> Inc.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2401)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Diversified Healthcare Trust | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (7206)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Universal Health Realty <br> Income Trust<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (830)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (169)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (169)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Healthcare Equipment &** <br> **Supplies**<br>|  |  |  |  |  |  |  |  |
| Abbott Laboratories | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Baxter International, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2635)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Glaukos Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (735)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (79)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (79)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Zimmer Biomet Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (617)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (56)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (56)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (184)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (184)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Healthcare Providers &** <br> **Services**<br>|  |  |  |  |  |  |  |  |
| Acadia Healthcare Co., Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1025)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Fulgent Genetics, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2351)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| NeoGenomics, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (6154)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (46)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (46)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (107)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (107)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Healthcare Technology** |  |  |  |  |  |  |  |  |
| Doximity, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1218)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Veeva Systems, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (90)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (16)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (16)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Hotels, Restaurants &** <br> **Leisure**<br>|  |  |  |  |  |  |  |  |
| Cava Group, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (709)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (57)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (57)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Churchill Downs, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (680)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (61)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (61)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| DraftKings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2036)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Dutch Bros, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (966)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Genius Sports Ltd. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (8479)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Norwegian Cruise Line <br> Holdings Ltd.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2176)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Pursuit Attractions and <br> Hospitality, Inc.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1353)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (339)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (339)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Household Durables** |  |  |  |  |  |  |  |  |
| Lennar Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Independent Power and** <br> **Renewable Electricity** <br> **Producers**<br>|  |  |  |  |  |  |  |  |
| Clearway Energy, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** |
| **Reference**<br> **Entity**<br>| **Pay** | &nbsp;&nbsp;&nbsp;&nbsp; **Payment**<br> **Frequency**<br>| **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Maturity**<br> **Date**<br>| **Shares** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional**<br> **Amount**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Industrial REITs** |  |  |  |  |  |  |  |  |
| Americold Realty Trust, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2947)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Lineage, Inc. | USFF -0.540% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (218)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| One Liberty Properties, Inc. | USFF -0.490% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1279)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Prologis, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (436)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (58)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (58)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (126)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (126)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Insurance** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Baldwin Insurance Group, Inc. <br> (The)<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1301)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| CNA Financial Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (348)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (16)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (16)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Fidelis Insurance Holdings <br> Ltd.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2829)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (54)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (54)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Hippo Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1674)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Loews Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (138)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Oscar Health, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (3433)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (196)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (196)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Interactive Media & Services** |  |  |  |  |  |  |  |  |
| Snap, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (6033)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **IT Services** |  |  |  |  |  |  |  |  |
| Epam Systems, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (186)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Okta, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (506)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (65)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (65)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Leisure Products** |  |  |  |  |  |  |  |  |
| Hasbro, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (435)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Mattel, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1221)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (18)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (18)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (58)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (58)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Life Sciences Tools &** <br> **Services**<br>|  |  |  |  |  |  |  |  |
| Avantor, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (3650)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (29)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (29)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Bruker Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (665)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Danaher Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (126)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Thermo Fisher Scientific, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (67)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (110)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (110)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Marine Transportation** |  |  |  |  |  |  |  |  |
| Matson, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (158)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Media** |  |  |  |  |  |  |  |  |
| Charter Communications, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (514)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (111)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (111)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Omnicom Group, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (412)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Sirius Xm Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2250)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (52)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (52)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (194)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (194)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Metals & Mining** |  |  |  |  |  |  |  |  |
| Cleveland-Cliffs, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (5080)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Coeur Mining, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2614)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Ferroglobe plc | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (10258)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Ivanhoe Electric, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (3347)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Royal Gold, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (225)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (57)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (57)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| SSR Mining, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1617)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (279)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (279)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** |
| **Reference**<br> **Entity**<br>| **Pay** | &nbsp;&nbsp;&nbsp;&nbsp; **Payment**<br> **Frequency**<br>| **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Maturity**<br> **Date**<br>| **Shares** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional**<br> **Amount**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Mortgage Real Estate** <br> **Investment Trusts (REITs)**<br>|  |  |  |  |  |  |  |  |
| Adamas Trust, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (4711)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Annaly Capital Management, <br> Inc.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (207)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, <br> Inc.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (3875)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (74)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (74)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Franklin BSP Realty Trust, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (4131)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Ladder Capital Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (273)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (151)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (151)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Multi-Utilities** |  |  |  |  |  |  |  |  |
| Black Hills Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (3586)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (249)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (249)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Centerpoint Energy, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (847)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Dominion Energy, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (791)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (334)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (334)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Office REITs** |  |  |  |  |  |  |  |  |
| Cousins Properties, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1867)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Oil, Gas & Consumable Fuels** |  |  |  |  |  |  |  |  |
| Chord Energy Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (217)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Comstock Resources, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2591)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (54)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (54)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| CVR Energy, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (292)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Delek U.S. Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (713)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (32)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (32)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Devon Energy Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (5438)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (274)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (274)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Diamondback Energy, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (250)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Expand Energy Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (88)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Green Plains, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (3154)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (52)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (52)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Kinder Morgan, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1490)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Murphy Oil Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (846)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Nordic American Tankers Ltd. | USFF -0.490% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (568)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| PBF Energy, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1927)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (92)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (92)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Peabody Energy Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (668)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Scorpio Tankers, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (409)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| SFL Corp. Ltd. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (3309)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| SM Energy Co. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2386)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (74)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (74)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Uranium Energy Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (7247)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (98)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (98)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Williams Cos., Inc. (The) | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (644)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (47)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (47)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (999)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (999)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Passenger Airlines** |  |  |  |  |  |  |  |  |
| Allegiant Travel Co. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (821)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (67)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (67)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Personal Care Products** |  |  |  |  |  |  |  |  |
| Coty, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (11645)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| elf Beauty, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (528)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (32)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (32)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Estee Lauder Cos., Inc. (The) | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (533)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (94)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (94)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Pharmaceuticals** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Crinetics Pharmaceuticals, <br> Inc.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (644)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** |
| **Reference**<br> **Entity**<br>| **Pay** | &nbsp;&nbsp;&nbsp;&nbsp; **Payment**<br> **Frequency**<br>| **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Maturity**<br> **Date**<br>| **Shares** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional**<br> **Amount**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Professional Services** |  |  |  |  |  |  |  |  |
| Robert Half, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1214)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Transunion | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (642)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Verisk Analytics, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (140)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (102)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (102)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Residential REITs** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Apartment Investment and <br> Management Co.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (10326)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Retail REITs** |  |  |  |  |  |  |  |  |
| Acadia Realty Trust | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2943)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (56)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (56)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Agree Realty Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Macerich Co. (The) | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2669)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (51)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (51)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Realty Income Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (101)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (116)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (116)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Semiconductors &** <br> **Semiconductor Equipment**<br>|  |  |  |  |  |  |  |  |
| ACM Research, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (472)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Advanced Micro Devices, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (9)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (9)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Ambarella, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (134)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Axcelis Technologies, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2613)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (243)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (243)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Enphase Energy, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (619)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Entegris, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (385)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (45)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (45)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Ichor Holdings Ltd. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (460)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| MKS, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Monolithic Power Systems, <br> Inc.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (7)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| ON Semiconductor Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (389)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| SiTime Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (96)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Synaptics, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (217)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (448)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (448)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Software** |  |  |  |  |  |  |  |  |
| Atlassian Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (215)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Aurora Innovation, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (19628)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (81)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (81)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Bentley Systems, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1150)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Blackline, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1070)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Braze, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1021)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| C3.Ai, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1457)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (12)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (12)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Elastic N.V. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (471)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gitlab, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1170)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Guidewire Software, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (74)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (11)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (11)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| HubSpot, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (88)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Intuit, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (94)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Microsoft Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (134)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Monday.com Ltd. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (272)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Palantir Technologies, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (150)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Porch Group, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (7635)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (55)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (55)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Q2 Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (482)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Riot Platforms, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (6593)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (82)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (82)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Samsara, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1737)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (55)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (55)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| SentinelOne, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1731)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Strategy, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (484)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (60)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (60)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Tyler Technologies, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (118)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Unity Software, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (425)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (9)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (9)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (771)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (771)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |

---

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** |
| **Reference**<br> **Entity**<br>| **Pay** | &nbsp;&nbsp;&nbsp;&nbsp; **Payment**<br> **Frequency**<br>| **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Maturity**<br> **Date**<br>| **Shares** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional**<br> **Amount**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Specialized REITs** |  |  |  |  |  |  |  |  |
| American Tower Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (232)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Equinix, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (32)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (32)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Public Storage | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (764)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (207)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (207)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (279)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (279)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Specialty Retail** |  |  |  |  |  |  |  |  |
| Advance Auto Parts, Inc. | USFF -0.640% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1036)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (55)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (55)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Floor & Decor Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (409)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| RealReal, Inc. (The) | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (834)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (83)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (83)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Textiles, Apparel & Luxury** <br> **Goods**<br>|  |  |  |  |  |  |  |  |
| Deckers Outdoor Corp. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (270)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Nike, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (934)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (76)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (76)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Trading Companies &** <br> **Distributors**<br>|  |  |  |  |  |  |  |  |
| Herc Holdings, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (202)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (20)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (20)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| QXO, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2518)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| Xometry, Inc. | USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (1750)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (72)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (72)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (141)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (141)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Water Utilities** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Water Works Co., <br> Inc.<br>| USFF -0.450% | Quarterly | MS | &nbsp;&nbsp;&nbsp;&nbsp; 5/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp; (2275)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (310)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (310)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Total** |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(9791)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(9791)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— |

---

The following table summarizes the value of the Fund's investments as of March 31, 2026, based on the inputs used to value them (See Security Valuation Note 1 in the Notes to Schedule of Investments):

---

| | | | |
|:---|:---|:---|:---|
|  | Total <br>Value at <br>March 31, 2026<br>| Level 1 <br>Quoted Prices<br>| Level 2 <br>Significant <br>Observable <br>Inputs<br>|
| Assets: |  |  |  |
| Equity Securities: |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $30741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $30741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Master Limited Partnerships and Related Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Money Market Mutual Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Other Financial Instruments: |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265 |
| Total Assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265 |
| Liabilities: |  |  |  |
| Other Financial Instruments: |  |  |  |
| &nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (101)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (101)<br>|
| &nbsp;&nbsp;&nbsp; Over-the-Counter Equity Basket Total Return Swap<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(1)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(1)</sup><br>|
| &nbsp;&nbsp;&nbsp; Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (986)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (986)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Total Liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1087)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (986)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (101)<br>|
| Total Investments, Net of Securities Sold Short | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $59219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $59055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $164 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(1)</sup> Represents net unrealized appreciation (depreciation) of $0, as reflected within the Consolidated Schedule of Investments.

<sup>\*</sup> Swap contracts and forward currency exchange contracts are valued at the net unrealized appreciation (depreciation) on the instrument by level and counterparty.

See Notes to Consolidated Schedule of Investments

------

**VIRTUS AlphaSimplex Global Alternatives Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**March 31, 2026**

($ reported in thousands)

There were no securities valued using significant unobservable inputs (Level 3) at March 31, 2026.

There were no transfers into or out of Level 3 related to securities held at March 31, 2026.

See Notes to Consolidated Schedule of Investments

------

**VIRTUS ALPHASIMPLEX GLOBAL ALTERNATIVES FUND**

**NOTES TO FINANCIAL STATEMENTS(Unaudited)**

**March 31, 2026**

**Note 1. Security Valuation**

The Fund's Board of Trustees has designated the investment adviser as the valuation designee to perform fair valuations pursuant to Rule 2a-5 under the Investment Company Act of 1940. The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The Fund's policy is to recognize transfers into or out of Level 3 at the end of the reporting period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – quoted prices in active markets for identical securities (security types generally include listed equities).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – prices determined using significant unobservable inputs (including the investment adviser's Valuation Committee's own assumptions in determining the fair value of investments).

A description of the valuation techniques applied to the Fund's major categories of assets and liabilities measured at fair value on a recurring basis is as follows:

Equity securities are valued at the official closing price (typically last sale) on the exchange on which the securities are primarily traded or, if no closing price is available, at the last bid price and are categorized as Level 1 in the hierarchy. Illiquid, restricted equity securities and illiquid private placements are internally fair valued by the investment adviser's Valuation Committee, and are generally categorized as Level 3 in the hierarchy.

Certain non-U.S. securities may be fair valued in cases where closing prices are not readily available or are deemed not reflective of readily available market prices. For example, significant events (such as movement in the U.S. securities market, or other regional and local developments) may occur between the time that non-U.S. markets close (where the security is principally traded) and the time that the Fund calculates its net asset value ("NAV") at the close of regular trading on the New York Stock Exchange ("NYSE") (generally 4 p.m. Eastern time) that may impact the value of securities traded in these non-U.S. markets. In such cases, the Fund fair values non-U.S. securities using an independent pricing service which considers the correlation of the trading patterns of the non-U.S. security to the intraday trading in the U.S. markets for investments such as American Depositary Receipts, financial futures, Exchange-Traded Funds ("ETFs"), and certain indexes, as well as prices for similar securities. Such fair valuations are categorized as Level 2 in the hierarchy. Because the frequency of significant events is not predictable, fair valuation of certain non-U.S. common stocks may occur on a frequent basis.

Debt instruments, including convertible bonds, restricted securities, and leveraged loans are valued based on either evaluated or composite quotations received from independent pricing services or from dealers who make markets in such securities. For most bond types, the pricing service utilizes matrix pricing that considers one or more of the following factors: yield or price of bonds of comparable quality, coupon, maturity, current cash flows, type, activity of the underlying equities, and current day trade information, as well as dealer supplied prices. These valuations are generally categorized as Level 2 in the hierarchy. Structured debt instruments, such as mortgage-backed and asset-backed securities may also incorporate collateral analysis and utilize cash flow models for valuation and are generally categorized as Level 2 in the hierarchy. Pricing services do not provide pricing for all securities and therefore indicative bids from dealers are utilized which are based on pricing models used by market makers in the security and are generally categorized as Level 2 in the hierarchy. Debt instruments that are internally fair valued by the investment adviser's Valuation Committee are generally categorized as Level 3 in the hierarchy.

Listed derivatives, such as options and futures, that are actively traded are valued at the last posted settlement price from the exchange where they are principally traded and are categorized as Level 1 in the hierarchy. Over-the-counter derivative contracts, which include forward currency contracts, swaps, swaptions, options and equity linked instruments, are valued based on model prices provided by independent pricing services or from dealer quotes. Depending on the derivative type and the specific terms of the transaction, these models vary and include observable inputs in actively quoted markets including but not limited to: underlying reference entity details, indices, spreads, interest rates, yield curves, dividend and exchange rates. These instruments are generally categorized as Level 2 in the hierarchy. Centrally cleared swaps listed or traded on a bilateral or trade facility platform, such as a registered exchange, are valued at the last posted settlement price determined by the respective exchange. These securities are generally categorized as Level 2 within the hierarchy.

Investments in open-end mutual funds are valued at NAV. Investments in closed-end funds and ETFs are valued as of the close of regular trading on the NYSE each business day. Each is categorized as Level 1 in the hierarchy.

A summary of the inputs used to value the Fund's net assets by each major security type is disclosed at the end of the Consolidated Schedule of Investments for the Fund. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with

investing in those securities.

*For additional information about significant accounting policies, refer to the Fund's most recent semi or annual financial statements.*

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Virtus Alternative Solutions Trust

- **b. Investment Company Act file number:** 811-22906

- **c. CIK number of Registrant:** 0001589756

- **d. LEI of Registrant:** 549300LL1U2Z63VKA167

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

  - **Street Address 1:** 101 Munson Street

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01301-9668

  - **Telephone number:** 800-243-1574

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

- **a. Name of Series:** Virtus AlphaSimplex Global Alternatives Fund

- **b. EDGAR series identifier (if any):** S000079777

- **c. LEI of Series:** 5493000L5JRHPCQVBL75

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $74101763.98

**Total Liabilities:** $2148050.39

**Net Assets:** $71953713.59

**Amount of Assets Invested in Other Investment Companies:** $3962968.74

**Cash Not Reported:** $11961929.42

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241134 | 3.40%                | 2.16%                | -3.81%               |
| Class ID C000241132 | 3.39%                | 2.19%                | -3.70%               |
| Class ID C000241133 | 3.39%                | 2.18%                | -3.78%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $589892.32               | $393690.29                                 |
| Month 2  | $614901.37               | $7739.94                                   |
| Month 3  | $-49069.22               | $-1475573.73                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Huntington Ingalls Industries, Inc.                                | Huntington Ingalls Industries, Inc. COM                                                     | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |        70 | NS      | $26593.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY CORP                                                  | Talen Energy Corporation COM                                                                | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       227 | NS      | $72465.21     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ZIMMER BIOMET HOLDINGS INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-451.66      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.                                 | Crude Oil Futures, May-2026,ETH                                                             | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         8 | NC      | $161811.77    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Calumet Inc                                                        | Calumet Inc COM                                                                             | CUSIP: 131428104<br>LEI: 529900E014J6I18H3V27 | Long             | EC               | CORP              | US        |       781 | NS      | $28037.90     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc.                                                       | MongoDB Inc. CL A                                                                           | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |       261 | NS      | $63884.97     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                                    | Caterpillar Inc COM                                                                         | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |        59 | NS      | $41799.14     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS WEATHERFORD INTERNATIONAL PLC                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5367.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Paychex Inc                                                        | Paychex Inc COM                                                                             | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |       842 | NS      | $77565.04     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                                                  | Intel Corporation COM                                                                       | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |       191 | NS      | $8428.83      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                                     | S&P Global Inc COM                                                                          | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       131 | NS      | $55719.54     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                                                    | Match Group Inc COM                                                                         | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      3768 | NS      | $115715.28    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                                                       | GE Aerospace COM NEW                                                                        | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |       281 | NS      | $79739.37     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                          | LME ZINC FUTURE JUN26                                                                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         5 | NC      | $-17612.50    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| National Beverage Corp.                                            | National Beverage Corp. COM                                                                 | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               | CORP              | US        |       925 | NS      | $31126.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS DEVON ENERGY CORP                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-40738.67    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Plains GP Holdings LP                                              | Plains GP Holdings LP LTD PARTNR INT A                                                      | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |      2087 | NS      | $50672.36     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                                        | Ecolab Inc. COM                                                                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       158 | NS      | $42031.16     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                                         | Korn Ferry COM NEW                                                                          | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |       458 | NS      | $28831.10     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VALARIS LTD                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-15815.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS COEUR MINING INC                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2453.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS Securities LLC                                                 | USD/ZAR FORWARD                                                                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1182.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NWPX Infrastructure Inc.                                           | NWPX Infrastructure Inc. COM                                                                | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |      1243 | NS      | $96779.98     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                                                    | Ulta Beauty Inc COM                                                                         | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       145 | NS      | $75792.95     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS COUPANG INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2856.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tidewater Inc New                                                  | Tidewater Inc New COM                                                                       | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |       280 | NS      | $23394.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS COUSINS PROPERTIES INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-739.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS DOMINION ENERGY INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2550.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WORLD ACCEPTANCE CORP                                              | World Acceptance Corporation COM                                                            | CUSIP: 981419104<br>LEI: 529900M7JQUDCH7Q9153 | Long             | EC               | CORP              | US        |       789 | NS      | $106546.56    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp.                                                    | Solventum Corp. COM SHS                                                                     | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |       681 | NS      | $44469.30     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS PATTERSON-UTI ENERGY INC                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-26225.18    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Alliant Energy Corporation                                         | Alliant Energy Corporation COM                                                              | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |       195 | NS      | $13993.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Carmax Inc                                                         | Carmax Inc COM                                                                              | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |      3943 | NS      | $163949.94    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS DIVERSIFIED HEALTHCARE TRUST                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3663.01      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Omega Healthcare Investors, Inc.                                   | Omega Healthcare Investors, Inc. COM                                                        | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |      1857 | NS      | $81373.74     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp.                                                   | Brookfield Corp. CL A LTD VT SH                                                             | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |      1007 | NS      | $40753.29     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                                                       | NNN REIT Inc COM                                                                            | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |       115 | NS      | $4833.45      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CRINETICS PHARMACEUTICALS INC                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6590.78      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CLEARWAY ENERGY INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-37.04       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ABBOTT LABORATORIES                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1131.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS TRANSUNION                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $10636.40     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| General Dynamics Corporation                                       | General Dynamics Corporation COM                                                            | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       199 | NS      | $68300.78     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SNAP INC                                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $24264.63     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| EchoStar Corp.                                                     | EchoStar Corp. CL A                                                                         | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |       144 | NS      | $16858.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties Inc                                                 | LTC Properties Inc COM                                                                      | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |      1216 | NS      | $45186.56     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                                                 | USD/PLN FORWARD                                                                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1164.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WEX Inc                                                            | WEX Inc COM                                                                                 | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |       281 | NS      | $43004.24     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Pharmaceuticals Inc                                         | Acadia Pharmaceuticals Inc COM                                                              | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |      1908 | NS      | $42472.08     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.                                         | Archer-Daniels-Midland Co. COM                                                              | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |       742 | NS      | $53935.98     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadian Asset Management Inc                                       | Acadian Asset Management Inc COM                                                            | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |       756 | NS      | $41141.52     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corporation                                                | Knowles Corporation COM                                                                     | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |      2419 | NS      | $62119.92     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                                                  | D.R. Horton, Inc. COM                                                                       | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |       327 | NS      | $44870.94     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS EQUINIX INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7062.40     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES U.S., INC.                                             | Cotton No. 2 Futures - NYCC                                                                 | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |       -23 | NC      | $-15836.64    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                                              | Freeport-McMoRan Inc. CL B                                                                  | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |       362 | NS      | $21278.36     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ASX CLEARING CORPORATION LIMITED                                   | ASX SPI 200 Index Futures                                                                   | CUSIP: 000000000<br>LEI: 549300USWUR0S7VMM868 | N/A              | DE               | CORP              | AU        |         1 | NC      | $-2190.59     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp                                                  | Getty Realty Corp COM                                                                       | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |       671 | NS      | $21337.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BORGWARNER INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1135.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corporation                                                | Newmont Corporation COM                                                                     | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |       445 | NS      | $48171.25     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS NOVANTA INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3308.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MONTROSE ENVIRONMENTAL GROUP INC                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6656.05      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BRIGHT HORIZONS FAMILY SOLUTIONS INC                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-941.14      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CVR Partners, LP and CVR Nitrogen Finance Corporation              | CVR Partners, LP and CVR Nitrogen Finance Corporation COM                                   | CUSIP: 126633205<br>LEI: 529900LE0OS06MYQRP11 | Long             | EC               | CORP              | US        |       539 | NS      | $68275.13     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc                                                   | Markel Group Inc COM                                                                        | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |       120 | NS      | $229688.40    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Autozone, Inc.                                                     | Autozone, Inc. COM                                                                          | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        57 | NS      | $192533.46    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPOTIFY TECHNOLOGY SA                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5104.55      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FTAI Aviation Ltd                                                  | FTAI Aviation Ltd COM USD0.01                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |        81 | NS      | $19845.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek Logistics Partners Lp                                        | Delek Logistics Partners Lp COM UNT RP INT                                                  | CUSIP: 24664T103<br>LEI: 549300UVYITDIU51P724 | Long             | EC               | CORP              | US        |       649 | NS      | $32294.24     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                                             | CMS Energy Corporation COM                                                                  | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |       213 | NS      | $16524.54     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                                             | MSCI Emerging Markets Index Futures - ICUS, Jun26                                           | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               | CORP              | US        |       109 | NC      | $-78471.00    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Sportradar Group AG                                                | Sportradar Group AG CLASS A ORD SHS                                                         | CUSIP: 000000000<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |      1619 | NS      | $27102.06     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc                                   | Prestige Consumer Healthcare Inc COM                                                        | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2533 | NS      | $150130.91    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                                               | Emerson Electric Co. COM                                                                    | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |       186 | NS      | $24369.72     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OSAKA EXCHANGE,INC                                                 | TOPIX TRADE FUTURE, JUN 2026                                                                | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               | CORP              | JP        |        11 | NC      | $-97763.15    | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc.                                      | American Healthcare REIT Inc. COM SHS                                                       | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |       594 | NS      | $28013.04     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS DYNATRACE INC                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $578.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS NAVIENT CORP                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $21010.58     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Cognyte Software Limited                                           | Cognyte Software Limited ORD SHS                                                            | CUSIP: 000000000<br>LEI: 2549006L803IRJC67B33 | Long             | EC               | CORP              | IL        |      8543 | NS      | $69198.30     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company                                          | Lamar Advertising Company CL A                                                              | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |       486 | NS      | $61556.76     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS PROSPERITY BANCSHARES INC                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1162.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS DELEK US HOLDINGS INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7446.71     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Lyft Inc                                                           | Lyft Inc CL A COM                                                                           | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |      4086 | NS      | $54343.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc                                                   | Clear Secure Inc COM CL A                                                                   | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1136 | NS      | $54993.76     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS GLAUKOS CORP                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2181.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercadolibre Inc                                                   | Mercadolibre Inc COM                                                                        | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       114 | NS      | $197108.28    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                                          | Jabil Inc COM                                                                               | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |       128 | NS      | $34000.64     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                                              | American Homes 4 Rent CL A                                                                  | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |       484 | NS      | $13513.28     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ENPHASE ENERGY INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $943.82       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ATI Inc                                                            | ATI Inc COM                                                                                 | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |       249 | NS      | $36219.54     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS RESIDEO TECHNOLOGIES INC                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2617.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Corpay Inc                                                         | Corpay Inc COM SHS                                                                          | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |       192 | NS      | $55870.08     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                                           | O'Reilly Automotive Inc. COM                                                                | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      2204 | NS      | $203451.24    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS PACIFIC LAND CORP                                            | Texas Pacific Land Corporation COM                                                          | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       201 | NS      | $95386.56     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BLACK HILLS CORP                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $57.92        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PPL Corporation                                                    | PPL Corporation COM                                                                         | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |       545 | NS      | $20819.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                                                     | Verisign, Inc. COM                                                                          | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |       219 | NS      | $54390.84     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                                                      | Teradata Corp COM                                                                           | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |      1254 | NS      | $32140.02     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarivate PLC                                                      | Clarivate PLC COM NPV                                                                       | CUSIP: 000000000<br>LEI: 549300WDHIIODXFO0R55 | Long             | EC               | CORP              | JE        |     17826 | NS      | $45099.78     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                                            | MasterCard Incorporated CL A                                                                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |        75 | NS      | $37474.50     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CHARTER COMMUNICATIONS INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4655.05      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ESTABLISHMENT LABS HOLDINGS INC                                    | Establishment Labs Hldgs Inc COM NPV                                                        | CUSIP: 000000000<br>LEI: 549300BCBQ714JNJ7V58 | Long             | EC               | CORP              | VG        |       203 | NS      | $11526.34     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Golub Capital BDC Inc.                                             | Golub Capital BDC Inc. COM                                                                  | CUSIP: 38173M102<br>LEI: 2549005WE0QLGK9APF78 | Long             | EC               | RF                | US        |      4969 | NS      | $62907.54     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS FERROGLOBE PLC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5338.38      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TD Synnex Corp                                                     | TD Synnex Corp COM                                                                          | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |       208 | NS      | $35091.68     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                                                 | LS Gas Oil Futures - ULSD-ARA                                                               | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              | CORP              | GB        |         2 | NC      | $42407.65     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS COMMUNITY HEALTHCARE TRUST INC                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2829.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                             | Marvell Technology Inc COM                                                                  | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         4 | NS      | $396.20       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                                      | Accenture PLC CLS'A'USD0.0000225                                                            | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       407 | NS      | $80704.03     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS RXO INC                                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3827.15     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Ingredion Incorporated                                             | Ingredion Incorporated COM                                                                  | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |       613 | NS      | $69060.58     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                                             | The TJX Companies Inc. COM                                                                  | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |       730 | NS      | $116581.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SIRIUS XM HOLDINGS INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6937.27     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS THERMO FISHER SCIENTIFIC INC                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5862.59      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vistra Corp                                                        | Vistra Corp COM                                                                             | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       305 | NS      | $45850.65     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Iradimed Corp.                                                     | Iradimed Corp. COM                                                                          | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               | CORP              | US        |      1010 | NS      | $97222.60     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Consd Water Co                                                     | Consd Water Co COM USD0.60                                                                  | CUSIP: 000000000<br>LEI: 5299001BMEW8X9VIJA73 | Long             | EC               | CORP              | KY        |       272 | NS      | $9008.64      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                                       | Exelon Corp. COM                                                                            | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |       474 | NS      | $23235.48     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DORIAN LPG LTD                                                     | Dorian LPG Ltd. COM USD0.01                                                                 | CUSIP: 000000000<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               | CORP              | MH        |      1025 | NS      | $35055.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage System Inc                                       | Advanced Drainage System Inc COM                                                            | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |       303 | NS      | $41550.39     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS FLOOR & DECOR HOLDINGS INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $10251.16     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Carpenter Technology Corporation                                   | Carpenter Technology Corporation COM                                                        | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |        71 | NS      | $27984.65     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Celcuity Inc.                                                      | Celcuity Inc. COM                                                                           | CUSIP: 15102K100<br>LEI: 25490070W7UU7W2SEY87 | Long             | EC               | CORP              | US        |       209 | NS      | $23855.26     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS URANIUM ENERGY CORP                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-13182.04    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Northwest Natural Holding Company                                  | Northwest Natural Holding Company COM                                                       | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |       254 | NS      | $13517.88     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS & NORTHERN CORP                                           | Citizens & Northern Corp. COM                                                               | CUSIP: 172922106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1571 | NS      | $35096.14     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| C.H. Robinson Worldwide Inc                                        | C.H. Robinson Worldwide Inc COM NEW                                                         | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |       334 | NS      | $55467.38     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CANNAE HOLDINGS INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $15011.92     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Veeco Instruments Inc.                                             | Veeco Instruments Inc. COM                                                                  | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |      6545 | NS      | $221613.70    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS EQUITABLE HOLDINGS INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $10805.87     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS J M SMUCKER CO/THE                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $303.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CAVA GROUP INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4711.11     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MCEWEN INC                                                         | McEwen Inc. COM NEW                                                                         | CUSIP: 58039P305<br>LEI: 5493000FX50GEWAF3U70 | Long             | EC               | CORP              | US        |       407 | NS      | $8310.94      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                                          | MarketAxess Holdings Inc. COM                                                               | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |       331 | NS      | $54608.38     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                                                       | Chevron Corp. COM                                                                           | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       161 | NS      | $33310.90     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                                                    | Salesforce Inc. COM                                                                         | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       406 | NS      | $75788.02     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS PAYPAL HOLDINGS INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $545.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                                 | Coca-Cola Co (The) COM                                                                      | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |       594 | NS      | $45173.70     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal Inc                                               | Warrior Met Coal Inc COM                                                                    | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |       158 | NS      | $14717.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc.                                                     | Welltower Inc. COM                                                                          | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |        62 | NS      | $12258.02     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                                  | Exxon Mobil Corp. COM                                                                       | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |       236 | NS      | $40039.76     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS OLIN CORP                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-10811.26    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ON SEMICONDUCTOR CORP                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1215.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                          | LME NICKEL FUTURE JUN26                                                                     | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |        -2 | NC      | $6966.12      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc.                                          | Agilent Technologies Inc. COM                                                               | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |       212 | NS      | $24163.76     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                                                 | RH COM                                                                                      | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |       386 | NS      | $53970.52     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group Inc                                        | Pediatrix Medical Group Inc COM                                                             | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2357 | NS      | $50416.23     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                                        | Phillips 66 COM                                                                             | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |       298 | NS      | $54289.64     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare Inc                                           | Alignment Healthcare Inc COM                                                                | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2904 | NS      | $51168.48     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc                                                   | Ensign Group Inc COM                                                                        | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |       303 | NS      | $61054.50     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BBB FOODS INC                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4072.36      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MURPHY OIL CORP                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8457.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COPT Defense Properties                                            | COPT Defense Properties SHS BEN INT                                                         | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |      2195 | NS      | $67167.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                                        | Zoetis Inc. CL A                                                                            | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |       491 | NS      | $58041.11     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                                         | Copart Inc COM                                                                              | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |       775 | NS      | $25730.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                  | Euro(FGBS) Schatz Futures                                                                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -10 | NC      | $-1050.94     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Chemical Partners LP                                      | Westlake Chemical Partners LP COM UNIT RP LP                                                | CUSIP: 960417103<br>LEI: 5493001UJXZP4TJUQM76 | Long             | EC               | CORP              | US        |      4513 | NS      | $99692.17     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                                 | Meta Platforms Inc CL A                                                                     | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       104 | NS      | $59501.52     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| W.w. Grainger Inc.                                                 | W.w. Grainger Inc. COM                                                                      | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |        35 | NS      | $38178.35     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                                             | Trane Technologies PLC COM USD1                                                             | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |       181 | NS      | $75429.94     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastgroup Properties, Inc.                                         | Eastgroup Properties, Inc. COM                                                              | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |       195 | NS      | $36092.55     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                                          | Janus Henderson Group PLC ORD USD1.50                                                       | CUSIP: 000000000<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |       959 | NS      | $49263.83     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                                           | Lamb Weston Holdings Inc COM                                                                | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |      1810 | NS      | $76490.60     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                  | Short(FBTS) Term Euro                                                                       | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -8 | NC      | $1422.38      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS GREEN PLAINS INC                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3687.12     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Urban Outfitters Inc.                                              | Urban Outfitters Inc. COM                                                                   | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |       515 | NS      | $32625.25     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollies Bargain Outlet Holdings Inc.                                | Ollies Bargain Outlet Holdings Inc. COM                                                     | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |       369 | NS      | $33962.76     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Insurance Holdings Inc                                   | Universal Insurance Holdings Inc COM                                                        | CUSIP: 91359V107<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | EC               | CORP              | US        |       914 | NS      | $31222.24     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc.                                                | ABM Industries Inc. COM                                                                     | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |       705 | NS      | $27156.60     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS WILLSCOT HOLDINGS CORP                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3404.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FORWARD AIR CORP                                                   | Forward Air Corp. COM                                                                       | CUSIP: 34986A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1162 | NS      | $19417.02     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                                                   | NMI Holdings Inc COM                                                                        | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |      1194 | NS      | $44786.94     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp.                                            | Progress Software Corp. COM                                                                 | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |       808 | NS      | $20725.20     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                                                 | NZD/USD FORWARD                                                                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $31058.06     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS PROPETRO HOLDING CORP                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8471.80     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| LULULEMON ATHLETICA INC                                            | Lululemon Athletica Inc. COM                                                                | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |       105 | NS      | $16075.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc.                                     | Everus Construction Group Inc. COM                                                          | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |       440 | NS      | $51946.40     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc.                                                          | Moog Inc. CL A                                                                              | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |       236 | NS      | $69063.04     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                  | Euro(FGBM) Bobl Futures                                                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -7 | NC      | $1618.11      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGNET JEWELERS LTD                                                | Signet Jewelers Limited COM STK USD0.18                                                     | CUSIP: 000000000<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |       346 | NS      | $29285.44     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AMDOCS LTD                                                         | Amdocs Limited ORD GBP0.01                                                                  | CUSIP: 000000000<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |       858 | NS      | $55993.08     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                                                  | Ciena Corporation COM NEW                                                                   | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |       107 | NS      | $41540.61     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MISSION PRODUCE INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-541.72      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Frequency Electronics Inc.                                         | Frequency Electronics Inc. COM                                                              | CUSIP: 358010106<br>LEI: 549300S56SO2JB5JBE31 | Long             | EC               | CORP              | US        |       690 | NS      | $30539.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                                                   | Concentrix Corp. COM                                                                        | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |      1078 | NS      | $29494.08     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS PEABODY ENERGY CORP                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1433.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MGM Resorts International                                          | MGM Resorts International COM                                                               | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |      1251 | NS      | $46299.51     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                                       | Reliance Inc COM                                                                            | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |       122 | NS      | $37078.24     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Company                                                | Halliburton Company COM                                                                     | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |      1890 | NS      | $73691.10     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                                          | Adobe Inc COM                                                                               | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       117 | NS      | $28440.36     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| REMITLY GLOBAL INC                                                 | Remitly Global Inc. COM                                                                     | CUSIP: 75960P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1509 | NS      | $23646.03     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| H B Fuller Company                                                 | H B Fuller Company COM                                                                      | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |       479 | NS      | $29544.72     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS HASBRO INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3239.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Otis Worldwide Corp.                                               | Otis Worldwide Corp. COM                                                                    | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |       380 | NS      | $29290.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMUS FILTRATION TECHNOLOGIES INC                                  | Atmus Filtration Technologies Inc. COM                                                      | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1196 | NS      | $67896.92     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                                        | Gentex Corp COM                                                                             | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |      1582 | NS      | $34566.70     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc.                                   | Four Corners Property Trust Inc. COM                                                        | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |       666 | NS      | $15750.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United Fire Group Inc                                              | United Fire Group Inc COM                                                                   | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       734 | NS      | $27202.04     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS APTIV PLC                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2882.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS LINDE PLC                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1355.84     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS PUBLIC STORAGE                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $8113.73      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Artivion Inc                                                       | Artivion Inc COM                                                                            | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |      1662 | NS      | $60862.44     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SITIME CORP                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $755.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ALBEMARLE CORP                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5955.86     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Dollar General Corporation                                         | Dollar General Corporation COM                                                              | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |       212 | NS      | $25170.76     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company                                           | Vulcan Materials Company COM                                                                | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |       198 | NS      | $53915.40     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS COTY INC                                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13616.38     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MONOLITHIC POWER SYSTEMS INC                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $806.94       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SERVICENOW INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3780.21      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS RIOT PLATFORMS INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2051.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Core Laboratories Inc                                              | Core Laboratories Inc COM                                                                   | CUSIP: 21867A105<br>LEI: 984500040P5J07V43135 | Long             | EC               | CORP              | US        |      3245 | NS      | $54483.55     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS WILLIAMS COS INC/THE                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $345.83       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cohu Inc                                                           | Cohu Inc COM                                                                                | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |       449 | NS      | $13748.38     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc                                           | Granite Construction Inc COM                                                                | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |       262 | NS      | $31408.56     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                                              | Colgate-Palmolive Co. COM                                                                   | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |       179 | NS      | $15256.17     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper-Standard Holdings Inc.                                      | Cooper-Standard Holdings Inc. COM                                                           | CUSIP: 21676P103<br>LEI: 549300VVOH2RQP5YMB08 | Long             | EC               | CORP              | US        |       417 | NS      | $11621.79     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                                             | Southwest Airlines Co. COM                                                                  | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |      1110 | NS      | $41702.70     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                                      | Martin Marietta Materials Inc COM                                                           | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |        97 | NS      | $57101.96     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corporation                                                  | Fluor Corporation COM                                                                       | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |       831 | NS      | $38766.15     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                                        | AvalonBay Communities, Inc. COM                                                             | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |        69 | NS      | $11271.15     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TAT TECHNOLOGIES LTD                                               | TAT Technologies ORD NEW                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       661 | NS      | $26856.43     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubiquiti Inc                                                       | Ubiquiti Inc COM                                                                            | CUSIP: 90353W103<br>LEI: 5299007MITA4DMQCU747 | Long             | EC               | CORP              | US        |        95 | NS      | $75077.55     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc.                                      | Simpson Manufacturing Co Inc. COM                                                           | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |       355 | NS      | $60925.10     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP Inc.                                                        | EZCORP Inc. CL A NON VTG                                                                    | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |      3321 | NS      | $84286.98     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                                               | Bridgebio Pharma Inc COM                                                                    | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |       364 | NS      | $27030.64     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                                                | Mercury Systems Inc COM                                                                     | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |       456 | NS      | $33246.96     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IDT Corp                                                           | IDT Corp CL B NEW                                                                           | CUSIP: 448947507<br>LEI: 549300JNTN7ZMJDFCL56 | Long             | EC               | CORP              | US        |       595 | NS      | $29214.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of N.T. Butterfield & Son Limited                         | The Bank of N.T. Butterfield & Son Limited COM BMD0.01(POST REV SPLIT)                      | CUSIP: 000000000<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |      1148 | NS      | $60247.04     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                          | LME PRI ALUM FUTR JUN26                                                                     | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         7 | NC      | $34681.25     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE ENERGY INC                                                     | MGE Energy Inc. COM                                                                         | CUSIP: 55277P104<br>LEI: 549300BYWGHSXX2TEO67 | Long             | EC               | CORP              | US        |       153 | NS      | $11825.37     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc                                    | Academy Sports and Outdoors Inc COM                                                         | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |       552 | NS      | $31160.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS LENNAR CORP                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $782.49       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| The Campbells Co.                                                  | The Campbells Co. COM                                                                       | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |      1156 | NS      | $25744.12     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Willdan Group Inc.                                                 | Willdan Group Inc. COM                                                                      | CUSIP: 96924N100<br>LEI: 529900YQO0LF5VAEKN05 | Long             | EC               | CORP              | US        |       219 | NS      | $16766.64     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                                                  | Hershey Co. (The) COM                                                                       | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |       275 | NS      | $57169.75     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel Plus Leisure Co                                             | Travel Plus Leisure Co COM                                                                  | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |      1026 | NS      | $70988.94     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS OMNICOM GROUP INC                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $864.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                                         | FTSE CHINA A50 INDEX FUTURE, April 2026                                                     | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | N/A              | DE               | CORP              | SG        |       350 | NC      | $-33449.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CHURCHILL DOWNS INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $16292.85     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                  | STOXX Europe 600 Index Futures(FXXP) Index Fut                                              | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               | CORP              | DE        |       107 | NC      | $-61219.60    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| BlackBerry Ltd.                                                    | BlackBerry Ltd. COM                                                                         | CUSIP: 09228F103<br>LEI: 549300HJD8NEGT71RF07 | Long             | EC               | CORP              | CA        |     32439 | NS      | $105102.36    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowman Consulting Group Ltd                                        | Bowman Consulting Group Ltd COM                                                             | CUSIP: 103002101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       596 | NS      | $16950.24     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MICROSOFT CORP                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5474.87      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM CORP                                              | Antero Midstream Corporation COM                                                            | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2572 | NS      | $58641.60     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITIES EXCHANGE CENTER                                        | Gold Futures, Jun-2026,ETH                                                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         7 | NC      | $125826.96    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                                      | Medtronic PLC USD0.0001                                                                     | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |       422 | NS      | $36566.30     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                          | LME NICKEL FUTURE JUN26                                                                     | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         2 | NC      | $-10140.12    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                                        | ResMed Inc. COM                                                                             | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |       197 | NS      | $44222.56     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting, Inc.                                               | FTI Consulting, Inc. COM                                                                    | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |       325 | NS      | $57450.25     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                                               | Amphenol Corporation CL A                                                                   | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |       651 | NS      | $82253.85     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                                                 | SEK/USD FORWARD                                                                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-7686.14     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| American Woodmark Corporation                                      | American Woodmark Corporation COM                                                           | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |      2217 | NS      | $88303.11     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS KRAFT HEINZ CO/THE                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1518.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS IRIDIUM COMMUNICATIONS INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-9964.55     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS IMMUNOVANT INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $820.98       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES EUROPE                                                 | Three Month SONIA - ICEU                                                                    | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |       -27 | NC      | $-4913.87     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated                                    | Jones Lang LaSalle Incorporated COM                                                         | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |       168 | NS      | $51125.76     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                                       | Synopsys Inc COM                                                                            | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |        61 | NS      | $24185.28     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITE MOUNTAINS INSURANCE GROUP LTD                                | White Mountains Insurance Group Ltd. COM USD1                                               | CUSIP: 000000000<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |        93 | NS      | $204317.28    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                                       | Tapestry Inc COM                                                                            | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |       546 | NS      | $77046.06     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ROBERT HALF INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $416.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                   | Marsh & McLennan Companies, Inc. COM                                                        | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |       548 | NS      | $95050.60     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ADVANCE AUTO PARTS INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-13952.52    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corporation                                           | Lam Research Corporation COM NEW                                                            | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |       104 | NS      | $22220.64     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                                                    | Deere & Company COM                                                                         | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |        51 | NS      | $28728.30     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Insurance Group Ltd.                                      | Hamilton Insurance Group Ltd. CL B                                                          | CUSIP: 000000000<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |      1266 | NS      | $37764.78     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS REALREAL INC/THE                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5588.97      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Dynex Capital Inc                                                  | Dynex Capital Inc COM                                                                       | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |      4555 | NS      | $58121.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                                                 | Coterra Energy Inc COM                                                                      | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |      7785 | NS      | $273564.90    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS DOXIMITY INC                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $9405.65      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Envista Holdings Corporation                                       | Envista Holdings Corporation COM                                                            | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |      2179 | NS      | $55281.23     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BAXTER INTERNATIONAL INC                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $8318.96      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                   | Duke Energy Corp COM NEW                                                                    | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |        93 | NS      | $12177.42     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.                                   | American Electric Power Co, Inc. COM                                                        | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |       531 | NS      | $69603.48     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HELEN OF TROY LTD                                                  | Helen Of Troy Corp COM USD0.10                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      7637 | NS      | $110125.54    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC                                 | Johnson Controls International PLC COM USD1.00                                              | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |       289 | NS      | $37844.55     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                                                 | FTSE 100 - Stnd Index Future - ICEU, Jun26                                                  | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-1058.88     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                                                   | Donaldson Co Inc COM                                                                        | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |       924 | NS      | $78419.88     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                  | Long(FBTP) Term Euro                                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        28 | NC      | $-45841.01    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| J. B. Hunt Transport Services, Inc.                                | J. B. Hunt Transport Services, Inc. COM                                                     | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |       334 | NS      | $70774.60     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                                             | HP Inc COM                                                                                  | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |       345 | NS      | $6627.45      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                                                | General Mills, Inc. COM                                                                     | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |       679 | NS      | $25272.38     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                                                        | Allient Inc COM                                                                             | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |       546 | NS      | $32263.14     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                                    | Xcel Energy Inc COM                                                                         | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |       223 | NS      | $17715.12     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics, Inc.                                             | PTC Therapeutics, Inc. COM                                                                  | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |       605 | NS      | $41218.65     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                  | Euro(FOAT) OAT Futures                                                                      | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |         1 | NC      | $-1531.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Calavo Growers Inc                                                 | Calavo Growers Inc COM                                                                      | CUSIP: 128246105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1992 | NS      | $51373.68     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIS TOWERS WATSON PLC                                           | Willis Towers Watson Public Limited Company COM USD0.000304635                              | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |       149 | NS      | $43314.30     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| American Public Education Inc.                                     | American Public Education Inc. COM                                                          | CUSIP: 02913V103<br>LEI: 254900GZNX6TJQGM4S17 | Long             | EC               | CORP              | US        |       440 | NS      | $25027.20     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                                           | The Procter & Gamble Co. COM                                                                | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |       591 | NS      | $85364.04     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc.                                             | Alkami Technology Inc. COM                                                                  | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |      3014 | NS      | $47229.38     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                                             | Coffee C Futures - NYCC                                                                     | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-2343.75     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS LUMENTUM HOLDINGS INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6315.53     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bristow Group Inc                                                  | Bristow Group Inc COM                                                                       | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |      3309 | NS      | $155159.01    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MACERICH CO/THE                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1960.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BEACON FINANCIAL CORP                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2622.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GIGACLOUD TECHNOLOGY INC                                           | GigaCloud Technology Inc. CLASS A ORD                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |       270 | NS      | $12252.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Forum Energy Technologies Inc                                      | Forum Energy Technologies Inc COM                                                           | CUSIP: 34984V209<br>LEI: 549300SF93HLCR1REE27 | Long             | EC               | CORP              | US        |      1441 | NS      | $84529.06     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                                          | Goldman Sachs Group, Inc. COM                                                               | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |        48 | NS      | $40607.52     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS AMERICOLD REALTY TRUST INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3451.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| First Citizens BancShares Inc (Delaware)                           | First Citizens BancShares Inc (Delaware) CL A                                               | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       109 | NS      | $205427.94    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                                                | Walt Disney Company COM                                                                     | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |       805 | NS      | $77585.90     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp.                                                 | Kinross Gold Corp. COM                                                                      | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |       824 | NS      | $25148.48     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Immunome Inc                                                       | Immunome Inc COM                                                                            | CUSIP: 45257U108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1136 | NS      | $24844.32     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS NORWEGIAN CRUISE LINE HOLDINGS LTD                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7881.42      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS COHERENT CORP                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-17374.06    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SSR MINING INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5879.68     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Newmarket Corporation                                              | Newmarket Corporation COM                                                                   | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |        82 | NS      | $52557.90     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc.                                          | Green Brick Partners Inc. COM                                                               | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |       684 | NS      | $44083.80     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc                                                  | BILL Holdings Inc COM                                                                       | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |      2046 | NS      | $78361.80     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistance Networks Inc.                                             | Vistance Networks Inc. COM                                                                  | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |      3354 | NS      | $61042.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnc Investment Corp                                               | Agnc Investment Corp COM                                                                    | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |        85 | NS      | $852.55       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corporation                                        | Southern Copper Corporation COM                                                             | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |       268 | NS      | $46112.08     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                                                     | Blackrock Inc. COM                                                                          | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       241 | NS      | $231772.11    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                                            | Aon PLC SHS CL A                                                                            | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |        94 | NS      | $30341.32     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dianthus Therapeutics Inc                                          | Dianthus Therapeutics Inc COM                                                               | CUSIP: 252828108<br>LEI: 549300Z3N6ODPCOFC890 | Long             | EC               | CORP              | US        |       274 | NS      | $22994.08     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                                       | NVIDIA Corp. COM                                                                            | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |       402 | NS      | $70108.80     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ARTISAN PARTNERS ASSET MANAGEMENT INC                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6099.69      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cimpress PLC                                                       | Cimpress PLC SHS EURO                                                                       | CUSIP: 000000000<br>LEI: 549300X1IFD75XISOR81 | Long             | EC               | CORP              | IE        |       376 | NS      | $27448.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries, Inc.                                            | Oxford Industries, Inc. COM                                                                 | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |       896 | NS      | $34504.96     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc.                                              | Astec Industries Inc. COM                                                                   | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |       656 | NS      | $35319.04     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MKS INC                                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-139.99      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| The New York Times Company                                         | The New York Times Company CL A                                                             | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |       814 | NS      | $68156.22     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ADVANCED MICRO DEVICES INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $472.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ARCHROCK INC                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12095.66    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Paccar Inc                                                         | Paccar Inc COM                                                                              | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |       616 | NS      | $71148.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL ENERGY SERVICES REUNITED CORP                             | National Energy Services Reunited Corp. COM NPV                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |       951 | NS      | $20417.97     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigel Pharmaceuticals Inc.                                         | Rigel Pharmaceuticals Inc. COM                                                              | CUSIP: 766559702<br>LEI: 529900KPTNUS5J8K9K66 | Long             | EC               | CORP              | US        |       502 | NS      | $13574.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM GROUP INC                                                | Transdigm Group Inc. COM                                                                    | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       161 | NS      | $186592.56    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                                               | United Rentals, Inc. COM                                                                    | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |        44 | NS      | $32056.64     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS AMBARELLA INC                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1224.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS COINBASE GLOBAL INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13277.74     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CARRIER GLOBAL CORP                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2824.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Dana Inc.                                                          | Dana Inc. COM                                                                               | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |      1088 | NS      | $36611.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings Inc.                                        | Howard Hughes Holdings Inc. COM                                                             | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |       752 | NS      | $47571.52     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                                        | Sterling Infrastructure Inc COM                                                             | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |        55 | NS      | $22399.85     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                                        | Cencora Inc COM                                                                             | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       167 | NS      | $52461.38     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCE BANCSHARES INC (MO)                                       | Commerce Bancshares Inc COM                                                                 | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       622 | NS      | $30602.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc                                         | Coca-Cola Consolidated Inc COM                                                              | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |       244 | NS      | $46784.56     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS IVANHOE ELECTRIC INC / US                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13928.26     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Park Aerospace Corporation                                         | Park Aerospace Corporation COM                                                              | CUSIP: 70014A104<br>LEI: 5299004AG0G7IB636095 | Long             | EC               | CORP              | US        |       766 | NS      | $20973.08     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS PALANTIR TECHNOLOGIES INC                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1268.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Nutanix Inc                                                        | Nutanix Inc CL A                                                                            | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |       168 | NS      | $6385.68      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                                              | Eaton Corporation PLC COM USD0.01                                                           | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |       112 | NS      | $40059.04     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ELASTIC NV                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1224.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts Inc                                          | Host Hotels & Resorts Inc COM                                                               | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |       868 | NS      | $16630.88     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                                              | Monster Beverage Corp COM                                                                   | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      1285 | NS      | $93111.10     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances Inc.                            | International Flavors & Fragrances Inc. COM                                                 | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |       506 | NS      | $36710.30     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ROCKET LAB CORP                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $15848.83     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mettler-Toledo International Inc                                   | Mettler-Toledo International Inc COM                                                        | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       182 | NS      | $229538.40    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PACS GROUP INC                                                     | PACS Group Inc. COM SHS                                                                     | CUSIP: 69380Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       698 | NS      | $22419.76     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Esquire Financial Holdings Inc                                     | Esquire Financial Holdings Inc COM                                                          | CUSIP: 29667J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       255 | NS      | $27412.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS NEOGENOMICS INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13349.29     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Valero Energy Corp.                                                | Valero Energy Corp. COM                                                                     | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |       213 | NS      | $52628.04     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                                            | NVR Inc COM                                                                                 | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |        34 | NS      | $224054.22    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                                       | Costco Wholesale Corporation COM                                                            | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       135 | NS      | $134518.05    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                                                    | Eli Lilly & Co. COM                                                                         | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |        36 | NS      | $33111.72     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                                                  | Tractor Supply Co COM                                                                       | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |       941 | NS      | $42627.30     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MORNINGSTAR INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $421.17       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum! Brands Inc.                                                   | Yum! Brands Inc. COM                                                                        | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |       230 | NS      | $35760.40     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                                      | Hilton Worldwide Holdings Inc COM                                                           | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |       161 | NS      | $48956.88     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.                                 | Henry Hub Natural Gas Futures, May-2026,ETH                                                 | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         3 | NC      | $-13680.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Commerce Corp.                                            | Heritage Commerce Corp. COM                                                                 | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |      4256 | NS      | $53114.88     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| G III Apparel Group Ltd                                            | G III Apparel Group Ltd COM                                                                 | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |      1118 | NS      | $30968.60     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                                              | Bath & Body Works Inc COM                                                                   | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |       459 | NS      | $8569.53      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTPOWER INC                                                      | Nextpower Inc. CLASS A COM                                                                  | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       262 | NS      | $31584.10     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BIOGEN INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1369.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS AURORA INNOVATION INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3592.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MONDAY.COM LTD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $19521.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                                         | MSCI Singapore Index Futures, April 2026                                                    | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | N/A              | DE               | CORP              | SG        |         5 | NC      | $846.23       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Churchill Direct Lending Corp                               | Nuveen Churchill Direct Lending Corp COM SHS                                                | CUSIP: 67090S108<br>LEI: 254900X3ULEP6XX7HG39 | Long             | EC               | RF                | US        |      2587 | NS      | $32906.64     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Inc.                                                 | Dominos Pizza Inc. COM                                                                      | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       139 | NS      | $49871.81     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                        | Soybean Meal Futures, Jul-2026,ETH                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |         3 | NC      | $-3527.55     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                                            | UDR Inc COM                                                                                 | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |      1475 | NS      | $49825.50     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS PERIMETER SOLUTIONS INC                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4293.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS KEURIG DR PEPPER INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $830.22       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                                             | Waste Management, Inc. COM                                                                  | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |       139 | NS      | $31940.81     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                                                            | MPLX LP COM UNIT REP LTD                                                                    | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |       522 | NS      | $29790.54     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ESSENTIAL PROPERTIES REALTY TRUST INC                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-901.60      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS KNIFE RIVER CORP                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2598.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| New Jersey Resources Corp.                                         | New Jersey Resources Corp. COM                                                              | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |      1453 | NS      | $79798.76     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                                              | Robinhood Markets Inc COM CL A                                                              | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |       336 | NS      | $23284.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CBL & Associates Properties, Inc.                                  | CBL & Associates Properties, Inc. COMMON STOCK                                              | CUSIP: 124830878<br>LEI: 529900EIVFBRS4PUBZ13 | Long             | EC               | CORP              | US        |       734 | NS      | $28207.62     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                                                 | Liberty Energy Inc COM CL A                                                                 | CUSIP: 53115L104<br>LEI: 254900PKFJW6RILDCM60 | Long             | EC               | CORP              | US        |      2298 | NS      | $66182.40     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NABORS INDUSTRIES LTD                                              | Nabors Industries, Ltd. SHS                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |       342 | NS      | $29432.52     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                   | Australian Dollar Futures, Jun-2026,ETH                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        26 | NC      | $-25206.73    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ICHOR HOLDINGS LTD                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12962.05    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Chewy Inc                                                          | Chewy Inc CL A                                                                              | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |      1263 | NS      | $34101.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ARROWHEAD PHARMACEUTICALS INC                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $62.83        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS Q2 HOLDINGS INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $10634.42     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS INTUIT INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2085.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                   | Live Cattle Futures, Jun-2026,ETH                                                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              | CORP              | US        |         3 | NC      | $12329.41     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS FULGENT GENETICS INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4591.19     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MOSAIC CO/THE                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $382.80       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ACADIA HEALTHCARE CO INC                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-164.14      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                         | Constellation Brands, Inc. CL A                                                             | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |       309 | NS      | $46350.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corporation                                      | Boston Scientific Corporation COM                                                           | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |       332 | NS      | $20833.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle Inc                                                         | Buckle Inc COM                                                                              | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |       675 | NS      | $33993.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                                         | INR_USD FX Futures, April 2026                                                              | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | N/A              | DFE              | CORP              | SG        |      -168 | NC      | $60042.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ASSOCIATED BANC-CORP                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2559.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BRUKER CORP                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7277.88      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Veralto Corp.                                                      | Veralto Corp. COM SHS                                                                       | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |       298 | NS      | $26349.16     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GPGI INC                                                           | GPGI Inc. COM CL A                                                                          | CUSIP: 20459V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2279 | NS      | $38970.90     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corporation                                                  | Cabot Corporation COM                                                                       | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |      1326 | NS      | $99861.06     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BANCO LATINOAMERICANO DE COMERCIO EXTERIOR SA                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1192.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Paymentus Holdings Inc                                             | Paymentus Holdings Inc COM CL A                                                             | CUSIP: 70439P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2131 | NS      | $54127.40     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.                                            | IDEXX Laboratories Inc. COM                                                                 | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       122 | NS      | $68550.58     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CASELLA WASTE SYSTEMS INC                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $12607.39     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Watsco Inc                                                         | Watsco Inc COM                                                                              | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |       823 | NS      | $299399.17    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthWestern Energy Group Inc                                      | NorthWestern Energy Group Inc COM NEW                                                       | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |      3885 | NS      | $256176.90    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Minerals International Inc.                                | Compass Minerals International Inc. COM                                                     | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |       796 | NS      | $18586.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SFL CORP LTD                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-837.18      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS Securities LLC                                                 | PLN/USD FORWARD                                                                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-4511.02     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Astronics Corp.                                                    | Astronics Corp. COM                                                                         | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |       601 | NS      | $40104.73     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                                                 | SGD/USD FORWARD                                                                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1781.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Visa Inc                                                           | Visa Inc COM CL A                                                                           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       259 | NS      | $78280.16     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc.                                         | Innovex International Inc. COM                                                              | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |      1352 | NS      | $32975.28     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                                          | Graco Inc COM                                                                               | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |       445 | NS      | $37669.25     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc                                        | Worthington Enterprises Inc COM                                                             | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |       578 | NS      | $30136.92     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MECHANICS BANCORP                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-486.45      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES EUROPE                                                 | Brent Crude Futures - North Sea, Jun26                                                      | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              | CORP              | GB        |        14 | NC      | $301919.03    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTREAL EXCHANGE INC.                                             | S&P/TSX 60 Index Standard Futures                                                           | CUSIP: 000000000<br>LEI: 549300DKBYNOI0B1NP44 | N/A              | DE               | CORP              | CA        |         1 | NC      | $-898.57      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                   | E-mini Russell 2000 Index Futures, Jun-2026,ETH                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       -31 | NC      | $5181.13      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS REPUBLIC SERVICES INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $29.49        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Expeditors International Of Washington Inc.                        | Expeditors International Of Washington Inc. COM                                             | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |       228 | NS      | $32656.44     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                                          | Teledyne Technologies Inc COM                                                               | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |        62 | NS      | $37510.62     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc.                                           | Illinois Tool Works Inc. COM                                                                | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |       181 | NS      | $47112.49     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Build A Bear Workshop Inc                                          | Build A Bear Workshop Inc COM                                                               | CUSIP: 120076104<br>LEI: 529900S9MWZC1UBF3D13 | Long             | EC               | CORP              | US        |      1450 | NS      | $54302.50     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS SERVICES GROUP INC                                     | Natural Gas Services Group Inc. COM                                                         | CUSIP: 63886Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       698 | NS      | $26342.52     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontline Plc                                                      | Frontline Plc COM                                                                           | CUSIP: 000000000<br>LEI: 5493004BCIKYU1YL3H63 | Long             | EC               | CORP              | CY        |       671 | NS      | $23391.06     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                                                     | Five Below Inc COM                                                                          | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |       304 | NS      | $69457.92     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS UNITED PARCEL SERVICE INC                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $326.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Science Applications International Corp.                           | Science Applications International Corp. COM                                                | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |       360 | NS      | $34171.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc                                                   | Malibu Boats Inc COM CL A                                                                   | CUSIP: 56117J100<br>LEI: 549300MHGS3WZNRLUK77 | Long             | EC               | CORP              | US        |       932 | NS      | $24157.44     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ametek, Inc.                                                       | Ametek, Inc. COM                                                                            | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |       625 | NS      | $133975.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc.                                            | Digi International Inc. COM                                                                 | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |       748 | NS      | $36053.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                                              | AECOM COM                                                                                   | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |       486 | NS      | $41222.52     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ADAMAS TRUST INC                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1528.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS LANTHEUS HOLDINGS INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $175.24       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Seaboard Corp Del                                                  | Seaboard Corp Del COM                                                                       | CUSIP: 811543107<br>LEI: 87Q3KOXT29OW9W9YPT70 | Long             | EC               | CORP              | US        |        37 | NS      | $209198.74    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                        | 10-Year T-Note Futures, Jun-2026,ETH                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -105 | NC      | $14866.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                                                    | Core & Main Inc CL A                                                                        | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2309 | NS      | $114064.60    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                                                      | NiSource Inc. COM                                                                           | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |       336 | NS      | $15677.76     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc                                            | Helios Technologies Inc COM                                                                 | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |       914 | NS      | $59144.94     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS HERC HOLDINGS INC                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13162.40     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Carlisle Companies Inc.                                            | Carlisle Companies Inc. COM                                                                 | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |       121 | NS      | $40368.02     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS WP CAREY INC                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-208.12      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Daktronics Inc.                                                    | Daktronics Inc. COM                                                                         | CUSIP: 234264109<br>LEI: 549300IOLZ3SG5YUJ288 | Long             | EC               | CORP              | US        |      2596 | NS      | $50751.80     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| IBEX LTD                                                           | Ibex Ltd. SHS NEW                                                                           | CUSIP: 000000000<br>LEI: 5493000GRFLPVYU2CX17 | Long             | EC               | CORP              | BM        |      1250 | NS      | $33525.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS EPAM SYSTEMS INC                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $879.02       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Apogee Enterprises Inc.                                            | Apogee Enterprises Inc. COM                                                                 | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |      4152 | NS      | $139258.08    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS APPLIED OPTOELECTRONICS INC                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-29388.60    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MASTERBRAND INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $31581.03     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Country Airlines Holdings Inc.                                 | Sun Country Airlines Holdings Inc. COM                                                      | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |      6248 | NS      | $103216.96    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Company                                  | Portland General Electric Company COM NEW                                                   | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |       330 | NS      | $17414.10     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURI HOLDINGS INC                                               | Centuri Holdings Inc. COM SHS                                                               | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1499 | NS      | $43785.79     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                                       | Broadcom Inc COM                                                                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       276 | NS      | $85424.76     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corporation                                                 | Roblox Corporation CL A                                                                     | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |      1193 | NS      | $67476.08     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc                                         | Rhythm Pharmaceuticals Inc COM                                                              | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |       269 | NS      | $23394.93     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Udemy Inc.                                                         | Udemy Inc. COM                                                                              | CUSIP: 902685106<br>LEI: 2549000T304QU9SAM180 | Long             | EC               | CORP              | US        |     16961 | NS      | $78359.82     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                                             | Roper Technologies Inc COM                                                                  | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       185 | NS      | $65464.10     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Applovin Corp.                                                     | Applovin Corp. COM CL A                                                                     | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |        57 | NS      | $22686.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                                          | RTX Corp. COM                                                                               | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |       133 | NS      | $25655.70     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                                                         | Brady Corp CL A                                                                             | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |       376 | NS      | $30546.24     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ATMOS ENERGY CORP                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-273.20      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Dycom Industries, Inc.                                             | Dycom Industries, Inc. COM                                                                  | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |        87 | NS      | $29477.34     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS TRIUMPH FINANCIAL INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2060.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fastenal Co.                                                       | Fastenal Co. COM                                                                            | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |       777 | NS      | $36052.80     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corporation                                             | OGE Energy Corporation COM                                                                  | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |       492 | NS      | $23596.32     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS UNITY SOFTWARE INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1032.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS COLUMBIA FINANCIAL INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5683.42     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| The Hartford Insurance Group Inc.                                  | The Hartford Insurance Group Inc. COM                                                       | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |       123 | NS      | $16633.29     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                   | Mexican Peso Futures, Jun-2026,ETH                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |       178 | NC      | $-103448.94   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants, Inc.                                           | Darden Restaurants, Inc. COM                                                                | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |       149 | NS      | $29209.96     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                                           | Elanco Animal Health Inc COM                                                                | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |      1621 | NS      | $38790.53     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                                                 | USD/ZAR FORWARD                                                                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-53332.44    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS Securities LLC                                                 | USD/NOK FORWARD                                                                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-21816.47    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS EXPAND ENERGY CORP                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $51.90        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Expro Group Holdings NV                                            | Expro Group Holdings NV EUR0.01                                                             | CUSIP: 000000000<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |      3015 | NS      | $52491.15     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                                             | Sugar No. 11 Futures - NYCC, Jul26                                                          | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |       -28 | NC      | $1913.86      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS PROLOGIS INC                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1965.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CHORD ENERGY CORP                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-10735.38    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                              | Bank of America Corp. COM                                                                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |       535 | NS      | $26081.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.                                             | Burlington Stores Inc. COM                                                                  | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |       102 | NS      | $33188.76     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc.                                                        | Tanger Inc. COM                                                                             | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |      1748 | NS      | $59397.04     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Violet Inc                                                     | Red Violet Inc COM                                                                          | CUSIP: 75704L104<br>LEI: 549300T4EGADG881UU63 | Long             | EC               | CORP              | US        |       455 | NS      | $15743.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc.                                              | Generac Holdings Inc. COM                                                                   | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |       244 | NS      | $47660.52     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Incorporated                                               | Hubbell Incorporated COM                                                                    | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |       105 | NS      | $51527.70     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS PBF ENERGY INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-39497.56    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| First Foundation Inc.                                              | First Foundation Inc. COM                                                                   | CUSIP: 32026V104<br>LEI: 254900TQZQ6LBCK77E82 | Long             | EC               | CORP              | US        |      9926 | NS      | $58563.40     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS C3.AI INC                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7374.16      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                                       | Honeywell International Inc. COM                                                            | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       342 | NS      | $77302.26     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc                                                 | Garrett Motion Inc COM                                                                      | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |      8210 | NS      | $149175.70    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                                            | AZZ Inc COM                                                                                 | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      1193 | NS      | $149280.09    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| USA Compression Partners Lp                                        | USA Compression Partners Lp COM UNIT LTDPAR                                                 | CUSIP: 90290N109<br>LEI: 5493000B1PEOKXRZEO65 | Long             | EC               | CORP              | US        |      1056 | NS      | $28638.72     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERALYS THERAPEUTICS INC                                         | Mineralys Therapeutics Inc. COM                                                             | CUSIP: 603170101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       881 | NS      | $23866.29     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                                                          | Ennis Inc COM                                                                               | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3287 | NS      | $70407.54     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tarsus Pharmaceuticals Inc                                         | Tarsus Pharmaceuticals Inc COM                                                              | CUSIP: 87650L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       911 | NS      | $63906.65     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management Funds                           | Dreyfus Government Cash Management Funds SH BEN INT                                         | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  29495768 | NS      | $29495767.99  | 40.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc.                                          | Encore Capital Group Inc. COM                                                               | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |       498 | NS      | $34919.76     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc.                                         | Mirum Pharmaceuticals Inc. COM                                                              | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |       735 | NS      | $67899.30     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                                                    | Pegasystems Inc COM                                                                         | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |      1915 | NS      | $81502.40     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc.                                                      | Woodward Inc. COM                                                                           | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |       174 | NS      | $62278.08     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co                                                  | Erie Indemnity Co CL A                                                                      | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |       208 | NS      | $52272.48     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                  | EURO(FGBX) Buxl Futures                                                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -3 | NC      | $1628.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASX CLEARING CORPORATION LIMITED                                   | ASX 3 Year Treasury Bond Futures                                                            | CUSIP: 000000000<br>LEI: 549300USWUR0S7VMM868 | N/A              | DIR              | CORP              | AU        |       -12 | NC      | $183.18       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                   | Canadian Dollar Futures, Jun-2026,ETH                                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        48 | NC      | $-78496.96    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                                                 | Vail Resorts, Inc. COM                                                                      | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |       217 | NS      | $27845.44     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS AMERICAN WATER WORKS CO INC                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-11958.09    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| LIncoln Educational Services Corp.                                 | LIncoln Educational Services Corp. COM                                                      | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               | CORP              | US        |       715 | NS      | $29086.20     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                                         | Insmed Inc COM PAR $.01                                                                     | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |       445 | NS      | $72766.40     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AnaptysBio Inc.                                                    | AnaptysBio Inc. COM                                                                         | CUSIP: 032724106<br>LEI: 529900HH4WQT03IG1A12 | Long             | EC               | CORP              | US        |       292 | NS      | $16194.32     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics Inc.                                              | Douglas Dynamics Inc. COM                                                                   | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |      1613 | NS      | $67891.17     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                                            | Essential Utilities Inc COM                                                                 | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |      5293 | NS      | $213149.11    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                                               | Eagle Materials Inc. COM                                                                    | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |       241 | NS      | $45657.45     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS AGREE REALTY CORP                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-137.02      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                      | Alphabet Inc. CAP STK CL A                                                                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       118 | NS      | $33932.08     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corporation                                           | Tutor Perini Corporation COM                                                                | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |       326 | NS      | $25163.94     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                                          | Kinsale Capital Group Inc COM                                                               | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |       134 | NS      | $45782.44     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagerduty Inc                                                      | Pagerduty Inc COM                                                                           | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |      4871 | NS      | $30248.91     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS GENIUS SPORTS LTD                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $38141.83     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                       | Oracle Corp. COM                                                                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       160 | NS      | $23537.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Formfactor Inc                                                     | Formfactor Inc COM                                                                          | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |       184 | NS      | $17846.16     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS OCEANFIRST FINANCIAL CORP                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-395.07      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Howmet Aerospace Inc                                               | Howmet Aerospace Inc COM                                                                    | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |       305 | NS      | $70290.30     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc.                          | Kratos Defense & Security Solutions, Inc. COM NEW                                           | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |       366 | NS      | $25806.66     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rex American Resources Corp                                        | Rex American Resources Corp COM                                                             | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1586 | NS      | $72274.02     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc.                                           | ExlService Holdings Inc. COM                                                                | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |      3298 | NS      | $100424.10    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                                                 | Avista Corporation COM                                                                      | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |       302 | NS      | $12122.28     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.                                 | NY Harbor ULSD Futures, May-2026,ETH                                                        | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         1 | NC      | $42927.93     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Mortgage Capital Inc.                                      | Invesco Mortgage Capital Inc. COM                                                           | CUSIP: 46131B704<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EC               | CORP              | US        |      3907 | NS      | $31568.56     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ELF BEAUTY INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $8150.59      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SENTINELONE INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2612.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS HUBSPOT INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13836.73     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ARCHER AVIATION INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6067.07      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Securities LLC                                                 | USD/CHF FORWARD                                                                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $164879.89    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Pinterest Inc                                                      | Pinterest Inc CL A                                                                          | CUSIP: 72352L106<br>LEI: 529900Y043CEBGO4HB65 | Long             | EC               | CORP              | US        |      5255 | NS      | $96376.70     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| The Gap Inc.                                                       | The Gap Inc. COM                                                                            | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |      1163 | NS      | $28144.60     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                                           | Manhattan Associates Inc COM                                                                | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |       328 | NS      | $43663.36     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp.                                                          | PVH Corp. COM                                                                               | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |      1841 | NS      | $128428.16    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS AMAZON.COM INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1.81         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Consolidated Edison, Inc.                                          | Consolidated Edison, Inc. COM                                                               | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |       124 | NS      | $14034.32     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc.                                      | Collegium Pharmaceutical Inc. COM                                                           | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |       791 | NS      | $26158.37     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL SEAWAYS INC                                          | International Seaways Inc. COM NPV                                                          | CUSIP: 000000000<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |       351 | NS      | $25580.88     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                                                         | Heico Corp COM                                                                              | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |       106 | NS      | $29065.20     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERDIGITAL INC                                                   | InterDigital, Inc. COM                                                                      | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |       163 | NS      | $49226.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS APARTMENT INVESTMENT AND MANAGEMENT CO                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $19315.05     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Rubrik Inc.                                                        | Rubrik Inc. CL A                                                                            | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |       512 | NS      | $25072.64     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BLACKLINE INC                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $241.72       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Post Holdings Inc.                                                 | Post Holdings Inc. COM                                                                      | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |       265 | NS      | $26197.90     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                                        | Verizon Communications Inc. COM                                                             | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      1977 | NS      | $99245.40     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                                                       | Southern Co. COM                                                                            | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |       244 | NS      | $23550.88     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                                              | Western Digital Corp. COM                                                                   | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |       103 | NS      | $27860.47     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS NIKE INC                                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $9793.59      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS NORDIC AMERICAN TANKERS LTD                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-104.60      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Teradyne Inc.                                                      | Teradyne Inc. COM                                                                           | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |        71 | NS      | $21048.66     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.                                     | Lincoln Electric Holdings Inc. COM                                                          | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |       196 | NS      | $48819.68     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                                           | Comfort Systems USA Inc. COM                                                                | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |        52 | NS      | $71707.48     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment, Inc.                                                | AeroVironment, Inc. COM                                                                     | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |        96 | NS      | $17572.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                                         | Chipotle Mexican Grill Inc COM                                                              | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |      1348 | NS      | $43149.48     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TSAKOS ENERGY NAVIGATION LTD                                       | Tsakos Energy Navigation Ltd. COM USD5.00(POST REV SPLIT)                                   | CUSIP: 000000000<br>LEI: 549300IFUTS62LRRCU54 | Long             | EC               | CORP              | BM        |      1763 | NS      | $69567.98     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Proto Labs Inc                                                     | Proto Labs Inc COM                                                                          | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |      1179 | NS      | $67226.58     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc.                                                    | Photronics Inc. COM                                                                         | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |       986 | NS      | $39844.26     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                                                 | CHF/USD FORWARD                                                                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-193.92      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Etsy Inc                                                           | Etsy Inc COM                                                                                | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |       787 | NS      | $39334.26     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KULICKE AND SOFFA INDUSTRIES INC                                   | Kulicke and Soffa Industries, Inc. COM                                                      | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |       617 | NS      | $40549.24     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Incorporated                       | Public Service Enterprise Group Incorporated COM                                            | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |       377 | NS      | $30518.15     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| The Vita Coco Company Inc                                          | The Vita Coco Company Inc COM                                                               | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |      1071 | NS      | $51311.61     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                        | U.S. Treasury Bond Futures, Jun-2026,ETH                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         2 | NC      | $-6763.46     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                               | JPMorgan Chase & Co. COM                                                                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       135 | NS      | $39711.60     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellular SA                                 | Millicom International Cellular SA COM USD1.50                                              | CUSIP: 000000000<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |       339 | NS      | $25404.66     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HONG KONG FUTURES EXCHANGE LTD.                                    | HANG SENG INDEX FUTURES, APR-2026                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | HK        |        15 | NC      | $-43953.73    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Casey'S General Stores Inc.                                        | Casey'S General Stores Inc. COM                                                             | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |        47 | NS      | $34209.42     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold.com Inc.                                                      | Gold.com Inc. COM                                                                           | CUSIP: 00181T107<br>LEI: XP6XYFDZQGKLUMOFGT37 | Long             | EC               | CORP              | US        |       308 | NS      | $12344.64     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.                                   | Advanced Energy Industries, Inc. COM                                                        | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |       240 | NS      | $77450.40     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS GUIDEWIRE SOFTWARE INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1012.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MONDELEZ INTERNATIONAL INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6255.50     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                   | Three-Month SOFR Futures, Sep-2026,ETH                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -50 | NC      | $20544.28     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp.                                              | Regency Centers Corp. COM                                                                   | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |       199 | NS      | $15056.34     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS TFS FINANCIAL CORP                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-446.53      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS LOEWS CORP                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-196.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Viavi Solutions Inc                                                | Viavi Solutions Inc COM                                                                     | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |      1053 | NS      | $35043.84     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                        | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -6 | NC      | $-649.04      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Insurance Holdings Inc                                    | Heritage Insurance Holdings Inc COM                                                         | CUSIP: 42727J102<br>LEI: 9845008CCYDD87F66B45 | Long             | EC               | CORP              | US        |      2258 | NS      | $59272.50     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ESTEE LAUDER COS INC/THE                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $17567.30     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EDGEWISE THERAPEUTICS INC                                          | Edgewise Therapeutics Inc. COM                                                              | CUSIP: 28036F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       661 | NS      | $20821.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.                                     | Air Products & Chemicals, Inc. COM                                                          | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |        96 | NS      | $27887.04     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS FINANCIAL INSTITUTIONS INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1385.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS FRESHPET INC                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6275.20      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SCORPIO TANKERS INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-9744.63     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners PLC                                 | Coca-Cola Europacific Partners PLC COM EUR0.01                                              | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |       292 | NS      | $26475.64     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust, Inc.                                      | Starwood Property Trust, Inc. COM                                                           | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |      1679 | NS      | $28912.38     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Xpel Inc.                                                          | Xpel Inc. COM                                                                               | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |       780 | NS      | $34522.80     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc.                                          | Corcept Therapeutics Inc. COM                                                               | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |      1242 | NS      | $50065.02     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                                        | Walmart Inc COM                                                                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |       347 | NS      | $43125.16     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corporation                                                 | Hexcel Corporation COM                                                                      | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |       771 | NS      | $62397.03     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS AVANTOR INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13216.71     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                        | Corn Futures, Jul-2026,ETH                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |       -60 | NC      | $-56660.22    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Aptargroup Inc.                                                    | Aptargroup Inc. COM                                                                         | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |       490 | NS      | $61749.80     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products, Inc.                                      | Standard Motor Products, Inc. COM                                                           | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |       979 | NS      | $34010.46     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS TRANSOCEAN LTD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-13890.47    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Flowserve Corporation                                              | Flowserve Corporation COM                                                                   | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |       948 | NS      | $69687.48     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS WASHINGTON TRUST BANCORP INC                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $838.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                                   | McDonald's Corp. COM                                                                        | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       107 | NS      | $33254.53     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.                                     | Old Dominion Freight Line Inc. COM                                                          | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |       305 | NS      | $59597.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITIES EXCHANGE CENTER                                        | Copper Futures, May-2026,ETH                                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         1 | NC      | $1662.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS OKTA INC                                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1387.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Phillips Edison & Co Inc                                           | Phillips Edison & Co Inc COMMON STOCK                                                       | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |       544 | NS      | $20356.48     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CLEVELAND-CLIFFS INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6897.15      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Box Inc.                                                           | Box Inc. CL A                                                                               | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |      1271 | NS      | $30046.44     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AXOGEN INC                                                         | AxoGen Inc. COM                                                                             | CUSIP: 05463X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       403 | NS      | $13351.39     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                                               | Baker Hughes Company CL A                                                                   | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       662 | NS      | $40415.10     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                                                     | Constellium SE CL A SHS                                                                     | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |      1160 | NS      | $28512.80     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                                                    | Emcor Group Inc COM                                                                         | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |        68 | NS      | $50205.08     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CHEMOURS CO/THE                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-18819.20    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                   | E-mini Nasdaq-100 Futures, Jun-2026,ETH                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |         9 | NC      | $-122516.45   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                                                   | Healthequity Inc COM                                                                        | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      1855 | NS      | $155022.35    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS INTERNATIONAL PAPER CO                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $9957.25      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Docusign Inc                                                       | Docusign Inc COM                                                                            | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      2431 | NS      | $115253.71    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS DIAMONDBACK ENERGY INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-11861.67    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Service Corporation International                                  | Service Corporation International COM                                                       | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |       756 | NS      | $62377.56     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                                        | Rollins Inc COM                                                                             | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |      1535 | NS      | $81984.35     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                                                | Axon Enterprise Inc COM                                                                     | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       163 | NS      | $69224.47     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                                               | Topbuild Corporation COM                                                                    | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |       127 | NS      | $44615.10     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kymera Therapeutics Inc                                            | Kymera Therapeutics Inc COM                                                                 | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       334 | NS      | $27818.86     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ATLASSIAN CORP                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $20189.44     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Gorman-Rupp Co                                                     | Gorman-Rupp Co COM                                                                          | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |       537 | NS      | $33363.81     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc.                                     | Healthcare Services Group Inc. COM                                                          | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |      2666 | NS      | $49454.30     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL SHIP LEASE INC                                              | Global Ship Lease Inc. COM CL A                                                             | CUSIP: 000000000<br>LEI: 254900GLZ0J5N8UZM071 | Long             | EC               | CORP              | MH        |      1030 | NS      | $38346.90     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                                             | Cocoa Futures - NYCC, Jul26                                                                 | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        -5 | NC      | $-794.23      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co.                                                       | Moelis & Co. CL A                                                                           | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |       543 | NS      | $30951.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp                                  | Marriott Vacations Worldwide Corp COM                                                       | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |       642 | NS      | $41807.04     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                                                     | CME Group Inc. COM                                                                          | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       134 | NS      | $39576.90     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc.                                     | American Eagle Outfitters Inc. COM                                                          | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |       447 | NS      | $7464.90      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                                                 | SEK/USD FORWARD                                                                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $66900.55     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CARETRUST REIT INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1173.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Federal Realty Investment Trust                                    | Federal Realty Investment Trust SH BEN INT NEW                                              | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |       124 | NS      | $13170.04     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS AMCOR PLC                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $15188.89     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corporation                                         | Kimberly-Clark Corporation COM                                                              | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |       291 | NS      | $28072.77     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                                                 | USD/NZD FORWARD                                                                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-12850.09    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SCHOLASTIC CORP                                                    | Scholastic Corporation COM                                                                  | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1997 | NS      | $78002.82     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS DECKERS OUTDOOR CORP                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4908.11      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BellRing Intermediate Holdings Inc.                                | BellRing Intermediate Holdings Inc. COMMON STOCK                                            | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |      3502 | NS      | $56347.18     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                                             | MSCI EAFE Index Futures - ICUS, Jun26                                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               | CORP              | US        |        37 | NC      | $-29835.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                                      | Intercontinental Exchange Inc COM                                                           | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |       232 | NS      | $36488.96     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ACADIA REALTY TRUST                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3595.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SOFI TECHNOLOGIES INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1139.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS KINDER MORGAN INC                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8995.97     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Corvel Corp                                                        | Corvel Corp COM                                                                             | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       787 | NS      | $43009.55     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Bancshares Inc                                           | Northwest Bancshares Inc COM                                                                | CUSIP: 667340103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2777 | NS      | $35240.13     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Phibro Animal Health Corporation                                   | Phibro Animal Health Corporation CL A COM                                                   | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |       937 | NS      | $51825.47     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group Inc.                                                     | PRA Group Inc. COM                                                                          | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |      2038 | NS      | $35665.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                                 | Altria Group, Inc. COM                                                                      | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |       463 | NS      | $30553.37     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                                | Arista Networks Inc COM SHS                                                                 | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |       237 | NS      | $29098.86     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp.                                                       | Kohl's Corp. COM                                                                            | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |      2497 | NS      | $32211.30     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nelnet Inc.                                                        | Nelnet Inc. CL A                                                                            | CUSIP: 64031N108<br>LEI: 549300T6B0Q52I6OM558 | Long             | EC               | CORP              | US        |       273 | NS      | $35206.08     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Postal Realty Trust Inc                                            | Postal Realty Trust Inc CL A                                                                | CUSIP: 73757R102<br>LEI: 5493007B7ZZSIJRGWC41 | Long             | EC               | CORP              | US        |      3423 | NS      | $63530.88     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Everpure Inc.                                                      | Everpure Inc. CL A                                                                          | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |       439 | NS      | $25918.56     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CORNING INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7550.75     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Trimas Corporation                                                 | Trimas Corporation COM NEW                                                                  | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |      1091 | NS      | $39210.54     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort Inc                                        | Monarch Casino & Resort Inc COM                                                             | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |       728 | NS      | $69596.80     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS FRANKLIN BSP REALTY TRUST INC                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-730.31      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Agco Corporation                                                   | Agco Corporation COM                                                                        | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |       599 | NS      | $69406.13     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellar Bancorp Inc                                                | Stellar Bancorp Inc COM                                                                     | CUSIP: 858927106<br>LEI: 54930070P8Z0WHFBB536 | Long             | EC               | CORP              | US        |      3043 | NS      | $111404.23    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd. Switzerland                                             | Chubb Ltd. Switzerland ORD CHF24.15                                                         | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       141 | NS      | $45956.13     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BLACKSTONE MORTGAGE TRUST INC                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2124.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sprouts Farmers Markets Inc                                        | Sprouts Farmers Markets Inc COM                                                             | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      1204 | NS      | $92864.52     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Incorporated                                              | Ducommun Incorporated COM                                                                   | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |       297 | NS      | $36234.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                                                  | FirstEnergy Corp. COM                                                                       | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |      1029 | NS      | $52129.14     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                                                    | Blue Bird Corp. COM                                                                         | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |       498 | NS      | $28281.42     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                                                   | Genuine Parts Co COM                                                                        | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |       270 | NS      | $28552.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CENTERPOINT ENERGY INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4079.66     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HONG KONG FUTURES EXCHANGE LTD.                                    | HANG SENG CHINA ENTERPRISES INDEX (HSCEI) FUTURES, APR-2026                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | HK        |        18 | NC      | $-24103.45    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals Inc                                       | Madrigal Pharmaceuticals Inc COM                                                            | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |        92 | NS      | $48159.24     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                   | E-mini S&P 500 Futures, Jun-2026,ETH                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |         6 | NC      | $11012.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS UNIVERSAL HEALTH REALTY INCOME TRUST                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $176.83       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FactSet Research Systems Inc.                                      | FactSet Research Systems Inc. COM                                                           | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |       105 | NS      | $22783.95     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS PORCH GROUP INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $12315.43     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ameren Corp.                                                       | Ameren Corp. COM                                                                            | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |       654 | NS      | $71887.68     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SHERWIN-WILLIAMS CO/THE                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $245.61       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS LINEAGE INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $372.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Graham Corp                                                        | Graham Corp COM                                                                             | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |       377 | NS      | $29752.84     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Companies Inc                                               | Rocket Companies Inc COM CL A                                                               | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2319 | NS      | $33045.75     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                                        | AbbVie Inc. COM                                                                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       158 | NS      | $34363.42     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NU HOLDINGS LTD                                                    | Nu Holdings Ltd. ORD SHS CL A                                                               | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |      1727 | NS      | $24816.99     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Roivant Sciences Ltd                                               | Roivant Sciences Ltd SHS                                                                    | CUSIP: 000000000<br>LEI: 549300DL466NY5J6U724 | Long             | EC               | CORP              | BM        |       803 | NS      | $22243.10     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International, Inc.                                        | Brinker International, Inc. COM                                                             | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |       590 | NS      | $84234.30     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ROYAL GOLD INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-963.70      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Southwest Gas Holdings Inc                                         | Southwest Gas Holdings Inc COM                                                              | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |       558 | NS      | $48490.20     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                                         | Apple Inc. COM                                                                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |       142 | NS      | $36038.18     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VERISK ANALYTICS INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1473.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CYTOKINETICS INC                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1328.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS HAMILTON LANE INC                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $11393.86     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Allison Transmission Holdings Inc                                  | Allison Transmission Holdings Inc COM                                                       | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |       421 | NS      | $49282.26     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ONE LIBERTY PROPERTIES INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $473.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Apple Hospitality Reit Inc                                         | Apple Hospitality Reit Inc COM NEW                                                          | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |      7776 | NS      | $89501.76     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                                     | TechnipFMC PLC USD1                                                                         | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      1638 | NS      | $113234.94    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Suburban Propane Partners LP / Suburban Energy Finance Corporation | Suburban Propane Partners LP / Suburban Energy Finance Corporation UNIT LTD PARTNERSHIP INT | CUSIP: 864482104<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | EC               | CORP              | US        |      1698 | NS      | $33433.62     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface, Inc.                                                    | Interface, Inc. COM                                                                         | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |      3813 | NS      | $95019.96     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS AXCELIS TECHNOLOGIES INC                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-25971.57    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| National Storage Affiliates Trust                                  | National Storage Affiliates Trust COM SHS BEN IN                                            | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |      5460 | NS      | $206060.40    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services Corporation                           | Stewart Information Services Corporation COM                                                | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |      1111 | NS      | $68415.38     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS AMERICAN TOWER CORP                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $697.29       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                             | Micron Technology Inc. COM                                                                  | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |        79 | NS      | $26689.36     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                                                | Cisco Systems, Inc. COM                                                                     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      1090 | NS      | $84573.10     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation                                        | Lockheed Martin Corporation COM                                                             | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |        77 | NS      | $46538.03     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion PLC                                                       | Allegion PLC COM USD0.01                                                                    | CUSIP: 000000000<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |       564 | NS      | $81943.56     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                                                  | Hormel Foods Corp COM                                                                       | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |      1266 | NS      | $28674.90     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CNA FINANCIAL CORP                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $401.26       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Best Buy Co Inc.                                                   | Best Buy Co Inc. COM                                                                        | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |       509 | NS      | $32677.80     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS INTUITIVE MACHINES INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4810.81     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SUPER GROUP (SGHC) LTD                                             | Super Group Sghc Limited ORD SHS                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |      3215 | NS      | $34722.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Capital Inc.                                               | Trinity Capital Inc. COM                                                                    | CUSIP: 896442308<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EC               | RF                | US        |      2195 | NS      | $32288.45     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Street Interactive Inc                                        | Rush Street Interactive Inc COM                                                             | CUSIP: 782011100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2580 | NS      | $56115.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc                                  | Gaming and Leisure Properties Inc COM                                                       | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |       258 | NS      | $11447.46     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                  | EURO STOXX 50 Index Futures(FESX) Index Fut                                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               | CORP              | DE        |        13 | NC      | $-17580.48    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| VISHAY PRECISION GROUP INC                                         | Vishay Precision Group Inc. COM                                                             | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       447 | NS      | $19408.74     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals, Inc.                                        | Ionis Pharmaceuticals, Inc. COM                                                             | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |       521 | NS      | $39121.89     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                                                         | Stride Inc COM                                                                              | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |       315 | NS      | $27773.55     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kiniksa Pharmaceuticals International PLC                          | Kiniksa Pharmaceuticals International PLC ORD SHS CL A                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |       779 | NS      | $37508.85     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIFE RIVER CORP                                                   | Knife River Corp. COMMON STOCK                                                              | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       186 | NS      | $15186.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                        | Soybean Futures, Jul-2026,ETH                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        12 | NC      | $12375.58     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                                          | Union Pacific Corporation COM                                                               | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       597 | NS      | $144844.14    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.                                  | The Bank of New York Mellon Corp. COM                                                       | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |       318 | NS      | $37724.34     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimball Electronics Inc.                                           | Kimball Electronics Inc. COM                                                                | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |      1212 | NS      | $28712.28     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiley John & Sons Inc.                                             | Wiley John & Sons Inc. CL A                                                                 | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |      1002 | NS      | $38176.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CVR ENERGY INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2637.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PAGAYA TECHNOLOGIES LTD                                            | Pagaya Technologies Ltd. CL A NEW                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       937 | NS      | $10916.05     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemaitre Vascular Inc.                                             | Lemaitre Vascular Inc. COM                                                                  | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |       427 | NS      | $46615.59     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc                                    | Installed Building Products Inc COM                                                         | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |       150 | NS      | $39772.50     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                                       | Illumina Inc COM                                                                            | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |       346 | NS      | $42647.96     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS AFFIRM HOLDINGS INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $39614.64     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS OUSTER INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7057.53      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Incyte Corporation.                                                | Incyte Corporation. COM                                                                     | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |       454 | NS      | $42730.48     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                   | E-mini S&P MidCap 400 Index Futures, Jun-2026,ETH                                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        10 | NC      | $32130.53     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                                                 | Ralph Lauren Corp. CL A                                                                     | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |       157 | NS      | $54006.43     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                                               | GeneDx Holdings Corp COM CL A                                                               | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       634 | NS      | $40715.48     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                        | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -9 | NC      | $7459.71      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                                    | T-Mobile US Inc COM                                                                         | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |       151 | NS      | $31714.53     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                                             | Abercrombie & Fitch Co CL A                                                                 | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |        79 | NS      | $7218.23      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| St. Joe Co.                                                        | St. Joe Co. COM                                                                             | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |      1026 | NS      | $64432.80     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc.                                                 | PROG Holdings Inc. COM NPV                                                                  | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |      1930 | NS      | $55371.70     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SYNAPTICS INC                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $865.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Asbury Automotive Group, Inc.                                      | Asbury Automotive Group, Inc. COM                                                           | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |       249 | NS      | $48657.09     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                                       | Autodesk Inc COM                                                                            | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |       413 | NS      | $98872.20     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS XOMETRY INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13560.41     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Brown-Forman Corp.                                                 | Brown-Forman Corp. CL B                                                                     | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |        31 | NS      | $819.64       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Corporation                                              | Universal Corporation COM                                                                   | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |       834 | NS      | $43951.80     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corporation                                                  | Sysco Corporation COM                                                                       | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |       611 | NS      | $43582.63     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc.                                                    | GE Vernova Inc. COM                                                                         | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |        44 | NS      | $38407.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS OSCAR HEALTH INC                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $18895.65     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Staar Surgical Co                                                  | Staar Surgical Co COM PAR $0.01                                                             | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Long             | EC               | CORP              | US        |      2500 | NS      | $46750.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Incorporated                                                 | Aflac Incorporated COM                                                                      | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |       664 | NS      | $72847.44     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                                                          | QIAGEN NV ORD SHARES                                                                        | CUSIP: 000000000<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |       835 | NS      | $33433.40     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMER SPORTS INC                                                    | Amer Sports Inc. COM SHS                                                                    | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | KY        |       754 | NS      | $24821.68     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                                     | DTE Energy Co. COM                                                                          | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |       115 | NS      | $16815.30     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc.                                               | Williams-Sonoma Inc. COM                                                                    | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |       164 | NS      | $29902.12     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ALLEGIANT TRAVEL CO                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3412.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                                         | SGX FTSE Taiwan Index Futures, April 2026                                                   | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | N/A              | DE               | CORP              | SG        |         1 | NC      | $-6930.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.                                    | SS&C Technologies Holdings Inc. COM                                                         | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |       359 | NS      | $24257.63     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                                                       | Ameresco Inc CL A                                                                           | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |       791 | NS      | $20170.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS COURSERA INC                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $20912.81     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| The Progressive Corporation                                        | The Progressive Corporation COM                                                             | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       145 | NS      | $28744.80     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.                                       | Sabra Health Care REIT, Inc. COM                                                            | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |      3407 | NS      | $65516.61     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MODERNA INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5341.57     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY CORP                                               | Gulfport Energy Operating Corp. COMMON SHARES                                               | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |       244 | NS      | $51623.08     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp.                                     | Quanex Building Products Corp. COM                                                          | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |      1717 | NS      | $30854.49     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthStream Inc.                                                  | HealthStream Inc. COM                                                                       | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |      1332 | NS      | $27585.72     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Deluxe Corporation                                                 | Deluxe Corporation COM                                                                      | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |      3211 | NS      | $88430.94     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP                                      | Western Midstream Partners LP COM UNIT LP INT                                               | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1020 | NS      | $41993.40     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GUARDIAN PHARMACY SERVICES INC                                     | Guardian Pharmacy Services Inc. CL A                                                        | CUSIP: 40145W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       378 | NS      | $14235.48     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                  | Euro(FGBL) Bund Futures                                                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -73 | NC      | $9230.60      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                   | Euro FX Futures, Jun-2026,ETH                                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        32 | NC      | $-14912.85    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                                          | Argan Inc COM                                                                               | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |        66 | NS      | $35946.90     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK FIRST CORP                                                    | Bank First Corp. COM                                                                        | CUSIP: 06211J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       445 | NS      | $60101.70     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                   | British Pound Futures, Jun-2026,ETH                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |       -37 | NC      | $22083.62     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                                              | Medpace Holdings Inc. COM                                                                   | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |       190 | NS      | $91236.10     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS UPSTART HOLDINGS INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $8457.04      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FLUSHING FINANCIAL CORP                                            | Flushing Financial Corp. COM                                                                | CUSIP: 343873105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3582 | NS      | $55019.52     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                                              | WEC Energy Group Inc. COM                                                                   | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |       452 | NS      | $52328.04     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp.                                                | Rithm Capital Corp. COM NEW                                                                 | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |      2952 | NS      | $27984.96     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                                         | Evergy Inc COM                                                                              | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |       173 | NS      | $14172.16     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                                                    | Gen Digital Inc COM                                                                         | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |      5334 | NS      | $100439.22    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Preformed Line Products Co.                                        | Preformed Line Products Co. COM                                                             | CUSIP: 740444104<br>LEI: 549300EYH53XDJID2098 | Long             | EC               | CORP              | US        |       143 | NS      | $38717.25     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS EASTERN BANKSHARES INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2708.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MATTEL INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6485.66      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Albertsons Companies Inc.                                          | Albertsons Companies Inc. COMMON STOCK                                                      | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |      8651 | NS      | $147413.04    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's, Inc.                                                       | Macy's, Inc. COM                                                                            | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |      1819 | NS      | $32905.71     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corporation                                                 | Chemed Corporation COM                                                                      | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |       140 | NS      | $52883.60     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| COGENT BIOSCIENCES INC                                             | Cogent Biosciences Inc. COM                                                                 | CUSIP: 19240Q201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       739 | NS      | $28444.11     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                                                        | Ventas Inc. COM                                                                             | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |       880 | NS      | $71966.40     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.                                        | Pinnacle West Capital Corp. COM                                                             | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |       216 | NS      | $21762.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                                    | Seagate Technology Holdings PLC ORD SHS                                                     | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |        78 | NS      | $30557.28     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                                                | Leidos Holdings Inc COM                                                                     | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |       310 | NS      | $48211.20     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corporation                                         | Avery Dennison Corporation COM                                                              | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |       450 | NS      | $77706.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CTO REALTY GROWTH INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $726.17       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Core Natural Resources Inc.                                        | Core Natural Resources Inc. COM SHS                                                         | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |       498 | NS      | $52155.54     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                                                | Guardant Health Inc COM                                                                     | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |       685 | NS      | $63273.45     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Main Street Capital Corp.                                          | Main Street Capital Corp. COM                                                               | CUSIP: 56035L104<br>LEI: 5493001FS9QJLJNF3E20 | Long             | EC               | RF                | US        |       648 | NS      | $34318.08     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corporation                             | Old Republic International Corporation COM                                                  | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |       314 | NS      | $12528.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP (SALLIE MAE)                                              | SLM Corp. COM                                                                               | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1533 | NS      | $32821.53     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ASX CLEARING CORPORATION LIMITED                                   | ASX 10 Year Treasury Bond Futures                                                           | CUSIP: 000000000<br>LEI: 549300USWUR0S7VMM868 | N/A              | DIR              | CORP              | AU        |       -88 | NC      | $4268.30      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vici Properties Inc                                                | Vici Properties Inc COM                                                                     | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |      1604 | NS      | $43821.28     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS RYMAN HOSPITALITY PROPERTIES INC                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $308.13       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                 | Energy Transfer LP COM UT LTD PTN                                                           | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |      1751 | NS      | $33794.30     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS COMSTOCK RESOURCES INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3076.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DANAOS CORP                                                        | Danaos Corp. SHS                                                                            | CUSIP: 000000000<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | EC               | CORP              | MH        |       357 | NS      | $40212.48     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA YUCHAI INTERNATIONAL LTD                                     | China Yuchai International Ltd. COM USD0.10                                                 | CUSIP: 000000000<br>LEI: 529900DHISUGAY2ARU76 | Long             | EC               | CORP              | BM        |       348 | NS      | $13398.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                                             | Fair Isaac Corporation COM                                                                  | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       142 | NS      | $151590.68    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                                             | Motorola Solutions Inc COM NEW                                                              | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       171 | NS      | $74208.87     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NAPCO Security Technologies Inc.                                   | NAPCO Security Technologies Inc. COM                                                        | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |      2831 | NS      | $111513.09    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Wesson Brands Inc                                          | Smith & Wesson Brands Inc COM                                                               | CUSIP: 831754106<br>LEI: 5493004PFHUPOR1PWN79 | Long             | EC               | CORP              | US        |      2852 | NS      | $40869.16     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BRINK'S CO/THE                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13827.94     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| National Fuel Gas Company                                          | National Fuel Gas Company COM                                                               | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |       390 | NS      | $36644.40     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co.                                          | American States Water Co. COM                                                               | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |       527 | NS      | $39851.74     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ENTEGRIS INC                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12698.28    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| The Wendys Company                                                 | The Wendys Company COM                                                                      | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |      6005 | NS      | $41734.75     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TEEKAY TANKERS LTD                                                 | Teekay Tankers Ltd. CL A                                                                    | CUSIP: 000000000<br>LEI: 549300DE8ZAIYS2T6Q22 | Long             | EC               | CORP              | BM        |       405 | NS      | $29694.60     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll Inc.                                                   | MillerKnoll Inc. COM                                                                        | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |      1611 | NS      | $23295.06     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Jack & Associates Inc.                                       | Henry Jack & Associates Inc. COM                                                            | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |       175 | NS      | $27657.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTREAL EXCHANGE INC.                                             | Ten-Year Government of Canada Bond Futures                                                  | CUSIP: 000000000<br>LEI: 549300DKBYNOI0B1NP44 | N/A              | DIR              | CORP              | CA        |        61 | NC      | $-28898.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Oculis Holding AG                                                  | Oculis Holding AG ORDINARY SHARES                                                           | CUSIP: 000000000<br>LEI: 5067005370C2KK324336 | Long             | EC               | CORP              | CH        |       872 | NS      | $23186.48     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cargurus Inc                                                       | Cargurus Inc COM CL A                                                                       | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |      1487 | NS      | $50632.35     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS FIDELIS INSURANCE HOLDINGS LTD                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1306.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Home                                                            | KB Home COM                                                                                 | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |       503 | NS      | $26030.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corporation                                                | Entergy Corporation COM                                                                     | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |       327 | NS      | $36741.72     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                                                         | Adient PLC COM USD0.001                                                                     | CUSIP: 000000000<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | IE        |       539 | NS      | $10893.19     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                                                | Stryker Corporation COM                                                                     | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |        80 | NS      | $26287.20     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                        | 2-Year T-Note Futures, Jun-2026,ETH                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -32 | NC      | $18758.07     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cracker Barrel Old Country Store Inc.                              | Cracker Barrel Old Country Store Inc. COM                                                   | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | EC               | CORP              | US        |       915 | NS      | $25720.65     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BENTLEY SYSTEMS INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-274.20      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS DRAFTKINGS INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13696.51     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Spire Inc                                                          | Spire Inc COM                                                                               | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |       185 | NS      | $16749.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS TYLER TECHNOLOGIES INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $941.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                   | Japanese Yen Futures, Jun-2026,ETH                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        12 | NC      | $512.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Castle Biosciences Inc                                             | Castle Biosciences Inc COM                                                                  | CUSIP: 14843C105<br>LEI: 2549007M2Q4HLR1XD252 | Long             | EC               | CORP              | US        |      3154 | NS      | $77430.70     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NASDAQ OMX NORDIC                                                  | OMX Stockholm 30 Index Price Return Cash Settled Monthly Future SEK,Dec-2030,Composite      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | SE        |         5 | NC      | $-3017.22     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                                                 | Three Month Euro (Euribor) Future - ICEU                                                    | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |       -22 | NC      | $-635.72      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                        | Chicago SRW Wheat Futures, Jul-2026,ETH                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        -7 | NC      | $-23102.78    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ANNALY CAPITAL MANAGEMENT INC                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $105.98       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Symbotic Inc                                                       | Symbotic Inc CLASS A COM                                                                    | CUSIP: 87151X101<br>LEI: 529900UN9QT55OG9I235 | Long             | EC               | CORP              | US        |       522 | NS      | $27770.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                                              | Uber Technologies Inc COM                                                                   | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      1265 | NS      | $90991.45     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                                                         | Vicor Corp COM                                                                              | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |       232 | NS      | $37352.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                                             | Agnico Eagle Mines Ltd COM                                                                  | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |       228 | NS      | $46279.44     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Red River Bancshares Inc.                                          | Red River Bancshares Inc. COM                                                               | CUSIP: 75686R202<br>LEI: 549300SO63STZV7UHM15 | Long             | EC               | CORP              | US        |       307 | NS      | $27765.08     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc                                           | Broadstone Net Lease Inc COM                                                                | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |       634 | NS      | $11583.18     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.                            | Mid-America Apartment Communities, Inc. COM                                                 | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |        92 | NS      | $11235.04     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS GLOBAL NET LEASE INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-901.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                      | Netflix, Inc. COM                                                                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      3004 | NS      | $288834.60    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS GITLAB INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-492.46      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                   | Brazilian Real Futures, May-2026,ETH                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        81 | NC      | $13908.43     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS STRATEGY INC                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $14614.01     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                                               | Booking Holdings Inc COM                                                                    | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        51 | NS      | $214726.32    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS LIBERTY GLOBAL LTD                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4176.61     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Broadridge Financial Solutions Inc.                                | Broadridge Financial Solutions Inc. COM                                                     | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |       421 | NS      | $68404.08     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS HIPPO HOLDINGS INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5033.43      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HRTI LLC                                                           | HRTI LLC CL A COM                                                                           | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |      1282 | NS      | $21781.18     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS IDEAYA BIOSCIENCES INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1090.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Idacorp Inc                                                        | Idacorp Inc COM                                                                             | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |       137 | NS      | $19586.89     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Biglari Holdings Inc.                                              | Biglari Holdings Inc. COM STK CL B                                                          | CUSIP: 08986R309<br>LEI: 549300GLWWSODF8TM682 | Long             | EC               | CORP              | US        |        72 | NS      | $23730.48     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                                                      | ONE Gas, Inc. COM                                                                           | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |       148 | NS      | $12747.24     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF Solutions Inc                                                  | PDF Solutions Inc COM                                                                       | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |       387 | NS      | $12658.77     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS MATSON INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-306.78      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Equity Lifestyle Properties Inc                                    | Equity Lifestyle Properties Inc COM                                                         | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |       704 | NS      | $43943.68     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc.                                                | Planet Fitness Inc. CL A                                                                    | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |       607 | NS      | $45148.66     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORP                                                        | Cintas Corporation COM                                                                      | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       771 | NS      | $130406.94    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                                                     | Exelixis, Inc. COM                                                                          | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |       797 | NS      | $34183.33     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                                        | Pepsico Inc COM                                                                             | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       313 | NS      | $48605.77     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS LADDER CAPITAL CORP                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-48.06       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS FEDEX CORP                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-687.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Greif, Inc.                                                        | Greif, Inc. CL A                                                                            | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |       434 | NS      | $29108.38     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS FIRSTSUN CAPITAL BANCORP                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $493.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Limited                                                    | Wix.com Limited COM ILS0.01                                                                 | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |       296 | NS      | $26660.72     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                        | 5-Year T-Note Futures, Jun-2026,ETH                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -10 | NC      | $-2693.38     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SM ENERGY CO                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-23411.92    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.                                 | RBOB Gasoline Futures, May-2026,ETH                                                         | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         1 | NC      | $22859.59     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp                                     | Metropolitan Bank Holding Corp COM                                                          | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       262 | NS      | $21821.98     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                                  | Johnson & Johnson COM                                                                       | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       287 | NS      | $70154.28     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS DANAHER CORP                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2362.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CSW INDUSTRIALS INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6542.18      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Automatic Data Processing, Inc.                                    | Automatic Data Processing, Inc. COM                                                         | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       348 | NS      | $70706.64     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS QXO INC                                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $16.31        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Mining Corp.                                               | Barrick Mining Corp. COM SHS                                                                | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      1216 | NS      | $49600.64     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P.                                  | Enterprise Products Partners L.P. COM                                                       | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |      2071 | NS      | $78366.64     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc.                                               | Thor Industries Inc. COM                                                                    | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |       417 | NS      | $33314.13     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS BALDWIN INSURANCE GROUP INC/THE                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1268.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ncino Inc.                                                         | Ncino Inc. COM                                                                              | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |      5591 | NS      | $83753.18     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellington Financial Inc                                            | Ellington Financial Inc COM                                                                 | CUSIP: 28852N109<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EC               | CORP              | US        |      2396 | NS      | $28392.60     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toro Company                                                   | The Toro Company COM                                                                        | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |       873 | NS      | $81573.12     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ACM RESEARCH INC                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $48.85        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| The Cooper Companies, Inc.                                         | The Cooper Companies, Inc. COM                                                              | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |         3 | NS      | $214.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                                    | Ross Stores Inc COM                                                                         | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |       245 | NS      | $53074.35     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc.                                               | Landstar System Inc. COM                                                                    | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |       332 | NS      | $53222.92     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS TWIST BIOSCIENCE CORP                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-17677.05    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NCR Atleos Corp.                                                   | NCR Atleos Corp. COM SHS                                                                    | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |      4883 | NS      | $212801.14    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS LOAR HOLDINGS INC                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $12355.06     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Renaissancere Holdings Ltd.                                        | Renaissancere Holdings Ltd. COM USD1                                                        | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |       201 | NS      | $59743.23     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS CVB FINANCIAL CORP                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2203.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS WESTLAKE CORP                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-19130.64    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS REALTY INCOME CORP                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-512.63      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Rapid7 Inc.                                                        | Rapid7 Inc. COM                                                                             | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |       555 | NS      | $3058.05      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                                                        | NetApp Inc. COM                                                                             | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |       287 | NS      | $29385.93     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.                                        | Dick's Sporting Goods, Inc. COM                                                             | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |       731 | NS      | $144949.99    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Corporation                             | Zurn Elkay Water Solutions Corporation COM                                                  | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |      1585 | NS      | $71071.40     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS PURSUIT ATTRACTIONS AND HOSPITALITY INC                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1085.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS DUTCH BROS INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1500.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Virtus Alternative Solutions Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer