# EDGAR Filing Document

**Accession Number:** 0000948258
**File Stem:** 0001410368-26-013179
**Filing Date:** 2026-2
**Character Count:** 87956
**Document Hash:** b14f9423738a963d3435dc0c490ad093
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-013179.hdr.sgml**: 20260218

**ACCESSION NUMBER**: 0001410368-26-013179

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260218

**DATE AS OF CHANGE**: 20260218

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** M FUND INC
- **CENTRAL INDEX KEY:** 0000948258

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09082
- **FILM NUMBER:** 26646098

**BUSINESS ADDRESS:**
- **STREET 1:** 1125 NW COUCH STREET
- **STREET 2:** SUITE 900
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97209
- **BUSINESS PHONE:** 5032326960

**MAIL ADDRESS:**
- **STREET 1:** 1125 NW COUCH STREET
- **STREET 2:** SUITE 900
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97209

## Series and Classes Contracts Data

### M Large Cap Value Fund (Series ID: S000006152)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000016959 | M Large Cap Value Fund | MBOVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** M FUND INC

- **b. Investment Company Act file number:** 811-09082

- **c. CIK number of Registrant:** 0000948258

- **d. LEI of Registrant:** 5493007H7VIH3Y9VBE66

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

  - **Street Address 1:** 1125 NW COUCH STREET,

  - **City:** PORTLAND

  - **State:** OR

  - **Foreign country:** US

  - **Zip / Postal Code:** 97209

  - **Telephone number:** 888-736-2878

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

- **a. Name of Series:** M Large Cap Value Fund

- **b. EDGAR series identifier (if any):** S000006152

- **c. LEI of Series:** 549300X3OCJ4T62WNN33

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $187373811.24

**Total Liabilities:** $3230851.78

**Net Assets:** $184142959.46

**Cash Not Reported:** $1013535.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016959 | -0.91%               | 3.78%                | 1.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $515760.86               | $-2377410.83                               |
| Month 2  | $1888731.02              | $4425405.82                                |
| Month 3  | $201060.83               | $1281691.01                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Aflac Inc                            | Aflac, Inc.                                                                 | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      8800 | NS      | $970376.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                            | AGCO Corp.                                                                  | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      1400 | NS      | $146048.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                         | AES Corp.                                                                   | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     13800 | NS      | $197892.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                             | AT&T, Inc.                                                                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    139200 | NS      | $3457728.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                           | Acuity, Inc.                                                                | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       600 | NS      | $216024.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                | AECOM                                                                       | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |       800 | NS      | $76264.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                       | Albemarle Corp.                                                             | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      2200 | NS      | $311168.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc                   | Albertsons Cos., Inc.                                                       | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |     10800 | NS      | $185436.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                           | Alcoa Corp.                                                                 | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |      5000 | NS      | $265700.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp                  | Alliant Energy Corp.                                                        | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |      1600 | NS      | $104016.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc    | Allison Transmission Holdings, Inc.                                         | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |       500 | NS      | $48950.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                    | Allstate Corp.                                                              | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      2500 | NS      | $520375.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc                   | Ally Financial, Inc.                                                        | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |      3400 | NS      | $153986.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                     | Altria Group, Inc.                                                          | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     32500 | NS      | $1873950.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/OH      | American Financial Group, Inc.                                              | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      1000 | NS      | $136680.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc     | American International Group, Inc.                                          | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |      9600 | NS      | $821280.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                          | Cencora, Inc.                                                               | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      3800 | NS      | $1283450.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc             | Ameriprise Financial, Inc.                                                  | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      1570 | NS      | $769833.80    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                            | Amgen, Inc.                                                                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     10500 | NS      | $3436755.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                | Antero Resources Corp.                                                      | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |      6000 | NS      | $206760.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp                | Antero Midstream Corp.                                                      | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9300 | NS      | $165447.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                             | APA Corp.                                                                   | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |      6900 | NS      | $168774.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                         | Assurant, Inc.                                                              | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |       800 | NS      | $192680.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation Inc                       | AutoNation, Inc.                                                            | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1300 | NS      | $268424.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                  | Avery Dennison Corp.                                                        | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      1500 | NS      | $272820.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc     | BJ's Wholesale Club Holdings, Inc.                                          | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      1200 | NS      | $108036.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                      | Baker Hughes Co.                                                            | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17800 | NS      | $810612.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                            | Ball Corp.                                                                  | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |      5300 | NS      | $280741.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                 | Bank of America Corp.                                                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     98400 | NS      | $5412000.00   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/The     | Bank of New York Mellon Corp.                                               | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     10800 | NS      | $1253772.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                     | W.R. Berkley Corp.                                                          | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      6075 | NS      | $425979.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                      | Best Buy Co., Inc.                                                          | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      1900 | NS      | $127167.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc             | Bio-Rad Laboratories, Inc.                                                  | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |       400 | NS      | $121196.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                       | BorgWarner, Inc.                                                            | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |      4200 | NS      | $189252.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                          | CDW Corp.                                                                   | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      1400 | NS      | $190680.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc           | CF Industries Holdings, Inc.                                                | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      3200 | NS      | $247488.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                      | Cigna Group                                                                 | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      5200 | NS      | $1431196.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                             | CSX Corp.                                                                   | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     33700 | NS      | $1221625.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                      | CVS Health Corp.                                                            | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     20400 | NS      | $1618944.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc               | CACI International, Inc.                                                    | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |       400 | NS      | $213124.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                     | Carlisle Cos., Inc.                                                         | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |       800 | NS      | $255888.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                  | Cheniere Energy, Inc.                                                       | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      4200 | NS      | $816438.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp            | Cincinnati Financial Corp.                                                  | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |      2500 | NS      | $408300.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                    | Cisco Systems, Inc.                                                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     21100 | NS      | $1625333.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                        | Citigroup, Inc.                                                             | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     23300 | NS      | $2718877.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc         | Citizens Financial Group, Inc.                                              | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      5900 | NS      | $344619.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc           | Coca-Cola Consolidated, Inc.                                                | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |      1500 | NS      | $229950.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp  | Cognizant Technology Solutions Corp.                                        | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      9500 | NS      | $788500.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Inc                         | Comerica, Inc.                                                              | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |      1300 | NS      | $113009.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO           | Commerce Bancshares, Inc.                                                   | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1874 | NS      | $98085.16     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/The                   | Cooper Cos., Inc.                                                           | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |      1200 | NS      | $98352.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc             | Corebridge Financial, Inc.                                                  | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |      9000 | NS      | $271530.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                      | Core & Main, Inc.                                                           | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3700 | NS      | $192289.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                          | Corteva, Inc.                                                               | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     13100 | NS      | $878093.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                   | Crown Holdings, Inc.                                                        | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |      2300 | NS      | $236831.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers Inc             | Cullen/Frost Bankers, Inc.                                                  | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |       700 | NS      | $88641.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                          | Cummins, Inc.                                                               | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      2200 | NS      | $1122990.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                        | DR Horton, Inc.                                                             | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      5700 | NS      | $820971.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                        | DTE Energy Co.                                                              | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      3800 | NS      | $490124.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc               | Darden Restaurants, Inc.                                                    | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      2200 | NS      | $404844.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                | Dell Technologies, Inc.                                                     | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      6600 | NS      | $830808.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                  | Delta Air Lines, Inc.                                                       | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      9900 | NS      | $687060.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                    | Devon Energy Corp.                                                          | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     12100 | NS      | $443223.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc               | Diamondback Energy, Inc.                                                    | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      5600 | NS      | $841848.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's Inc                        | Dillard's, Inc.                                                             | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |       200 | NS      | $121268.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Walt Disney Co/The                   | Walt Disney Co.                                                             | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     34600 | NS      | $3936442.00   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                  | Dollar General Corp.                                                        | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      4300 | NS      | $570911.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                      | Dollar Tree, Inc.                                                           | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      4000 | NS      | $492040.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                           | Dover Corp.                                                                 | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      1800 | NS      | $351432.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                          | Dropbox, Inc.                                                               | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |      4000 | NS      | $111200.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                     | Duke Energy Corp.                                                           | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     11900 | NS      | $1394799.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                    | EOG Resources, Inc.                                                         | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     10500 | NS      | $1102605.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                | East West Bancorp, Inc.                                                     | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |      1800 | NS      | $202302.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                             | eBay, Inc.                                                                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      8800 | NS      | $766480.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                | Encompass Health Corp.                                                      | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |       600 | NS      | $63684.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc               | Equitable Holdings, Inc.                                                    | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |      5500 | NS      | $262075.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                           | Evergy, Inc.                                                                | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      4500 | NS      | $326205.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                         | Exelixis, Inc.                                                              | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |      5300 | NS      | $232299.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc             | F&G Annuities & Life, Inc.                                                  | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       216 | NS      | $6663.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                    | Expedia Group, Inc.                                                         | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      2300 | NS      | $651613.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                     | Exxon Mobil Corp.                                                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     56700 | NS      | $6823278.00   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                           | FedEx Corp.                                                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      4600 | NS      | $1328756.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                               | F5, Inc.                                                                    | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |       400 | NS      | $102104.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial Inc      | Fidelity National Financial, Inc.                                           | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      3600 | NS      | $196524.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                  | Fifth Third Bancorp                                                         | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      7600 | NS      | $355756.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc/NC     | First Citizens BancShares, Inc.                                             | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       195 | NS      | $418505.10    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp                   | First Horizon Corp.                                                         | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |      5100 | NS      | $121890.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                      | First Solar, Inc.                                                           | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      2000 | NS      | $522460.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                     | FirstEnergy Corp.                                                           | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     11200 | NS      | $501424.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                        | Ford Motor Co.                                                              | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     76400 | NS      | $1002368.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                             | Fox Corp.                                                                   | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      5100 | NS      | $372657.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc       | GE HealthCare Technologies, Inc.                                            | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |      4900 | NS      | $401898.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap Inc/The                          | Gap, Inc.                                                                   | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |      7200 | NS      | $184320.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                | General Dynamics Corp.                                                      | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      4500 | NS      | $1514970.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                    | General Motors Co.                                                          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     18400 | NS      | $1496288.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                     | Genuine Parts Co.                                                           | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      2700 | NS      | $331992.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                  | Gilead Sciences, Inc.                                                       | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     24000 | NS      | $2945760.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                       | Globe Life, Inc.                                                            | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |       800 | NS      | $111888.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The          | Goldman Sachs Group, Inc.                                                   | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      4700 | NS      | $4131300.00   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                     | HF Sinclair Corp.                                                           | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |      3700 | NS      | $170496.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                   | HCA Healthcare, Inc.                                                        | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      5300 | NS      | $2474358.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                               | HP, Inc.                                                                    | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |      8400 | NS      | $187152.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                       | Halliburton Co.                                                             | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     16300 | NS      | $460638.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc            | Halozyme Therapeutics, Inc.                                                 | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      2200 | NS      | $148060.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The     | Hartford Insurance Group, Inc.                                              | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      4700 | NS      | $647660.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                           | Hasbro, Inc.                                                                | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      2200 | NS      | $180400.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                    | Hormel Foods Corp.                                                          | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |      1900 | NS      | $45030.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                           | Humana, Inc.                                                                | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      2300 | NS      | $589099.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries Inc    | Huntington Ingalls Industries, Inc.                                         | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |       700 | NS      | $238049.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                        | Ingredion, Inc.                                                             | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      1200 | NS      | $132312.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 1000 Value ETF       | iShares Russell 1000 Value ETF                                              | CUSIP: 464287598<br>LEI: 549300KLSYN5NN4YNM90 | Long             | EC               | RF                | US        |     26000 | NS      | $5468840.00   | 2.97%             |  |  |  | No            |                  1 | On Loan: —       |
| JPMorgan Chase & Co                  | JPMorgan Chase & Co.                                                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     30200 | NS      | $9731044.00   | 5.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                    | Johnson & Johnson                                                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     38900 | NS      | $8050355.00   | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc               | Jones Lang LaSalle, Inc.                                                    | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |       800 | NS      | $269176.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                 | Keurig Dr. Pepper, Inc.                                                     | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     26100 | NS      | $731061.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                    | Kinder Morgan, Inc.                                                         | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     43200 | NS      | $1187568.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                   | Kraft Heinz Co.                                                             | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     19300 | NS      | $468025.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                        | Kroger Co.                                                                  | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     12800 | NS      | $799744.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                 | Labcorp Holdings, Inc.                                                      | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1600 | NS      | $401408.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                  | Leidos Holdings, Inc.                                                       | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      2399 | NS      | $432779.60    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                          | Lennar Corp.                                                                | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      2400 | NS      | $246720.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Inc                    | Lithia Motors, Inc.                                                         | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |       500 | NS      | $166165.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp                           | Loews Corp.                                                                 | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |      3500 | NS      | $368585.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                       | Lowe's Cos., Inc.                                                           | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     11600 | NS      | $2797456.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                        | M&T Bank Corp.                                                              | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      1800 | NS      | $362664.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc                     | Markel Group, Inc.                                                          | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |       150 | NS      | $322447.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                           | Masco Corp.                                                                 | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      4200 | NS      | $266532.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                      | Match Group, Inc.                                                           | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      4700 | NS      | $151763.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                       | Merck & Co., Inc.                                                           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     22600 | NS      | $2378876.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                          | MetLife, Inc.                                                               | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     11100 | NS      | $876234.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                | Mohawk Industries, Inc.                                                     | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |       200 | NS      | $21860.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc           | Mondelez International, Inc.                                                | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     21600 | NS      | $1162728.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                       | Morgan Stanley                                                              | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     24400 | NS      | $4331732.00   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                        | Mosaic Co.                                                                  | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      5700 | NS      | $137313.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc               | Mueller Industries, Inc.                                                    | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      2100 | NS      | $241080.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                              | NVR, Inc.                                                                   | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |        30 | NS      | $218783.10    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                 | National Fuel Gas Co.                                                       | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      1600 | NS      | $128096.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                           | NetApp, Inc.                                                                | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      3900 | NS      | $417651.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                         | Newmont Corp.                                                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     19900 | NS      | $1987015.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                            | News Corp.                                                                  | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |      7200 | NS      | $188064.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                  | Northern Trust Corp.                                                        | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      3200 | NS      | $437088.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                      | Gen Digital, Inc.                                                           | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     11900 | NS      | $323561.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                           | Nucor Corp.                                                                 | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      4500 | NS      | $733995.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp      | Old Republic International Corp.                                            | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |      4100 | NS      | $187124.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp                | ON Semiconductor Corp.                                                      | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |      7800 | NS      | $422370.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                         | Oshkosh Corp.                                                               | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      1200 | NS      | $150756.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                          | Ovintiv, Inc.                                                               | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |      5000 | NS      | $195950.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The | PNC Financial Services Group, Inc.                                          | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      5400 | NS      | $1127142.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                   | PPG Industries, Inc.                                                        | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      4100 | NS      | $420086.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                             | PPL Corp.                                                                   | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     14300 | NS      | $500786.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                           | PACCAR, Inc.                                                                | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     10222 | NS      | $1119411.22   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America            | Packaging Corp. of America                                                  | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      1700 | NS      | $350591.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group Inc          | Penske Automotive Group, Inc.                                               | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |      1300 | NS      | $205777.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                          | PepsiCo, Inc.                                                               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     26400 | NS      | $3788928.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                           | Pfizer, Inc.                                                                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     35800 | NS      | $891420.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                          | Phillips 66                                                                 | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      7800 | NS      | $1006512.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                          | Popular, Inc.                                                               | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |       400 | NS      | $49808.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc               | T. Rowe Price Group, Inc.                                                   | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      3100 | NS      | $317378.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                        | Primerica, Inc.                                                             | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |       500 | NS      | $129180.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group Inc        | Principal Financial Group, Inc.                                             | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |      3700 | NS      | $326377.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                 | Progressive Corp.                                                           | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      7000 | NS      | $1594040.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc             | Prudential Financial, Inc.                                                  | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      4900 | NS      | $553112.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Inc  | Public Service Enterprise Group, Inc.                                       | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      9700 | NS      | $778910.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                       | PulteGroup, Inc.                                                            | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4400 | NS      | $515944.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                         | QUALCOMM, Inc.                                                              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     21100 | NS      | $3609155.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                | Quest Diagnostics, Inc.                                                     | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      2300 | NS      | $399119.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                | RPM International, Inc.                                                     | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |      1100 | NS      | $114400.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                 | Range Resources Corp.                                                       | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      4600 | NS      | $162196.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc          | Raymond James Financial, Inc.                                               | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      3400 | NS      | $546006.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                   | Regal Rexnord Corp.                                                         | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      1200 | NS      | $168384.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc        | Regeneron Pharmaceuticals, Inc.                                             | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       700 | NS      | $540309.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp               | Regions Financial Corp.                                                     | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     12200 | NS      | $330620.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America Inc     | Reinsurance Group of America, Inc.                                          | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |       900 | NS      | $183114.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                         | Reliance, Inc.                                                              | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      1000 | NS      | $288870.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                   | SEI Investments Co.                                                         | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      2000 | NS      | $164040.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein Inc                     | Henry Schein, Inc.                                                          | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |      2300 | NS      | $173834.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc               | Skyworks Solutions, Inc.                                                    | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |       600 | NS      | $38046.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                       | A.O. Smith Corp.                                                            | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      2200 | NS      | $147136.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co/The                   | J.M. Smucker Co.                                                            | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |       400 | NS      | $39124.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                          | Snap-on, Inc.                                                               | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      1000 | NS      | $344600.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                      | Southern Co.                                                                | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      7800 | NS      | $680160.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                | Southwest Airlines Co.                                                      | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     10300 | NS      | $425699.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                            | Block, Inc.                                                                 | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      5300 | NS      | $344977.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                    | State Street Corp.                                                          | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      4700 | NS      | $606347.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                   | Steel Dynamics, Inc.                                                        | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      3400 | NS      | $576130.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                | Stifel Financial Corp.                                                      | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      1400 | NS      | $175308.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                       | TD SYNNEX Corp.                                                             | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      1600 | NS      | $240368.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                  | Synchrony Financial                                                         | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      6300 | NS      | $525609.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                           | Sysco Corp.                                                                 | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      9400 | NS      | $692686.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                         | Tapestry, Inc.                                                              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      4000 | NS      | $511080.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                | Tenet Healthcare Corp.                                                      | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      1800 | NS      | $357696.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                          | Textron, Inc.                                                               | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |      3800 | NS      | $331246.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                | 3M Co.                                                                      | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     10300 | NS      | $1649030.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc                    | Toll Brothers, Inc.                                                         | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      1800 | NS      | $243396.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                        | TopBuild Corp.                                                              | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |       500 | NS      | $208595.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                          | Toro Co.                                                                    | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |       400 | NS      | $31488.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                | Travelers Cos., Inc.                                                        | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      5700 | NS      | $1653342.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                | Truist Financial Corp.                                                      | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     13000 | NS      | $639730.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                           | Twilio, Inc.                                                                | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |      1600 | NS      | $227584.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                      | Tyson Foods, Inc.                                                           | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      5500 | NS      | $322410.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                             | UGI Corp.                                                                   | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |      1400 | NS      | $52402.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                           | U.S. Bancorp                                                                | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     15500 | NS      | $827080.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                      | Ulta Beauty, Inc.                                                           | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       900 | NS      | $544509.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc         | United Airlines Holdings, Inc.                                              | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      6300 | NS      | $704466.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                   | United Rentals, Inc.                                                        | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      1180 | NS      | $954997.60    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp             | United Therapeutics Corp.                                                   | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       800 | NS      | $389800.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc        | Universal Health Services, Inc.                                             | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      1200 | NS      | $261624.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                           | Unum Group                                                                  | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |      2700 | NS      | $209250.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                   | Valero Energy Corp.                                                         | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      6000 | NS      | $976740.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc           | Verizon Communications, Inc.                                                | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     82300 | NS      | $3352079.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                          | Viatris, Inc.                                                               | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |     22300 | NS      | $277635.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                   | Voya Financial, Inc.                                                        | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |       700 | NS      | $52143.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                 | WEC Energy Group, Inc.                                                      | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      2100 | NS      | $221466.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp               | Webster Financial Corp.                                                     | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |      2300 | NS      | $144762.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                     | Wells Fargo & Co.                                                           | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     46200 | NS      | $4305840.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc              | WESCO International, Inc.                                                   | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |       900 | NS      | $220176.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp             | Western Alliance Bancorp                                                    | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |      1000 | NS      | $84070.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc                  | Williams-Sonoma, Inc.                                                       | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      2300 | NS      | $410757.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc           | Zimmer Biomet Holdings, Inc.                                                | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      3900 | NS      | $350688.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA                     | Zions Bancorp NA                                                            | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |      1200 | NS      | $70248.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors         | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   3084898 | NS      | $3084897.50   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion plc                         | Allegion PLC                                                                | CUSIP: 000000000<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |      1500 | NS      | $238830.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd               | Arch Capital Group Ltd.                                                     | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |      4700 | NS      | $450824.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd            | Axis Capital Holdings Ltd.                                                  | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |      1300 | NS      | $139217.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                    | Everest Group Ltd.                                                          | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |       700 | NS      | $237545.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                          | Genpact Ltd.                                                                | CUSIP: 000000000<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |      3400 | NS      | $159052.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                          | Invesco Ltd.                                                                | CUSIP: 000000000<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |      4300 | NS      | $112961.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC             | Jazz Pharmaceuticals PLC                                                    | CUSIP: 000000000<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |      1000 | NS      | $170000.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                        | Medtronic PLC                                                               | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     24600 | NS      | $2363076.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd           | RenaissanceRe Holdings Ltd.                                                 | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |       800 | NS      | $224928.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC                   | Royalty Pharma PLC                                                          | CUSIP: 000000000<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |      4700 | NS      | $181608.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                       | TechnipFMC PLC                                                              | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      6900 | NS      | $307464.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC             | Willis Towers Watson PLC                                                    | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |      1400 | NS      | $460040.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                            | Chubb Ltd.                                                                  | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      6400 | NS      | $1997568.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-15

**Name of Applicant:** M FUND INC

**Signature:** Hannah Hasbrook

**Name of Signer:** Hannah Hasbrook

**Title:** M Fund Administration Manager