# EDGAR Filing Document

**Accession Number:** 0001317474
**File Stem:** 0001410368-25-009379
**Filing Date:** 2025-9
**Character Count:** 159506
**Document Hash:** 07d2109d76f8ae9415ede4249fd8943e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-009379.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-009379

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEUBERGER BERMAN ALTERNATIVE FUNDS
- **CENTRAL INDEX KEY:** 0001317474

**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:** 811-21715
- **FILM NUMBER:** 251337494

**BUSINESS ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104
- **BUSINESS PHONE:** (212) 476-8800

**MAIL ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEUBERGER BERMAN INSTITUTIONAL LIQUIDITY FUNDS
- **DATE OF NAME CHANGE:** 20090601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEHMAN BROTHERS INSTITUTIONAL LIQUIDITY FUNDS
- **DATE OF NAME CHANGE:** 20061023

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEHMAN BROTHERS INVESTOR LIQUIDITY SERIES
- **DATE OF NAME CHANGE:** 20050211

## Series and Classes Contracts Data

### Neuberger Berman Long Short Fund (Series ID: S000035446)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000108850 | Class A             | NLSAX           |
| C000108851 | Class C             | NLSCX           |
| C000108852 | Institutional Class | NLSIX           |

## Nport-Ex

Consolidated Schedule of Investments Long Short Fund^ (Unaudited)

July 31, 2025

&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Long Positions 96.4%** | **Long Positions 96.4%** | **Long Positions 96.4%** |
| **Common Stocks 88.6%** | **Common Stocks 88.6%** | **Common Stocks 88.6%** |
| **Aerospace & Defense 1.6%** | **Aerospace & Defense 1.6%** | **Aerospace & Defense 1.6%** |
| 245678 | Airbus SE | &nbsp;&nbsp; $49394805 |
| 259443 | General Electric Co. | &nbsp;&nbsp; 70329809 |
|  |  | &nbsp;&nbsp; **119724614** |
| **Application Software 0.3%** | **Application Software 0.3%** | **Application Software 0.3%** |
| 14063 | Canva, Inc. | &nbsp;&nbsp; **20099402**<br> <sup>\*#(a)(b)</sup><br>|
| **Banks 3.9%** | **Banks 3.9%** | **Banks 3.9%** |
| 474651 | JPMorgan Chase & Co. | &nbsp;&nbsp; 140610612 |
| 193755 | &nbsp;&nbsp; PNC Financial Services Group, <br> Inc.<br>| &nbsp;&nbsp; 36865764 |
| 1417370 | Wells Fargo & Co. | &nbsp;&nbsp; 114282543 |
|  |  | &nbsp;&nbsp; **291758919** |
| **Beverages 0.8%** | **Beverages 0.8%** | **Beverages 0.8%** |
| 673430 | Keurig Dr. Pepper, Inc. | &nbsp;&nbsp; 21987489<br> <sup>(c)</sup><br>|
| 247853 | PepsiCo, Inc. | &nbsp;&nbsp; 34183886 |
|  |  | &nbsp;&nbsp; **56171375** |
| **Biotechnology 0.5%** | **Biotechnology 0.5%** | **Biotechnology 0.5%** |
| 199737 | AbbVie, Inc. | &nbsp;&nbsp; **37754288** |
| **Broadline Retail 4.6%** | **Broadline Retail 4.6%** | **Broadline Retail 4.6%** |
| 1496344 | Amazon.com, Inc. | &nbsp;&nbsp; **350309094**<br> <sup>\*(c)</sup><br>|
| **Capital Markets 4.4%** | **Capital Markets 4.4%** | **Capital Markets 4.4%** |
| 980212 | &nbsp;&nbsp; Brookfield Asset Management <br> Ltd. Class A<br>| &nbsp;&nbsp; 60449674<br> <sup>(d)</sup><br>|
| 387837 | CME Group, Inc. | &nbsp;&nbsp; 107927281<br> <sup>(c)</sup><br>|
| 323591 | KKR & Co., Inc. | &nbsp;&nbsp; 47431969 |
| 38101 | MSCI, Inc. | &nbsp;&nbsp; 21388377 |
| 169992 | S&P Global, Inc. | &nbsp;&nbsp; 93682591 |
|  |  | &nbsp;&nbsp; **330879892** |
| **Commercial Services & Supplies 1.0%** | **Commercial Services & Supplies 1.0%** | **Commercial Services & Supplies 1.0%** |
| 337300 | Waste Management, Inc. | &nbsp;&nbsp; **77295668** |
| **Consumer Staples Distribution & Retail 1.4%** | **Consumer Staples Distribution & Retail 1.4%** | **Consumer Staples Distribution & Retail 1.4%** |
| 22849 | Costco Wholesale Corp. | &nbsp;&nbsp; 21469835 |
| 823434 | Walmart, Inc. | &nbsp;&nbsp; 80680063 |
|  |  | &nbsp;&nbsp; **102149898** |
| **Containers & Packaging 0.7%** | **Containers & Packaging 0.7%** | **Containers & Packaging 0.7%** |
| 324133 | Avery Dennison Corp. | &nbsp;&nbsp; **54379793** |
| **Electric Utilities 2.9%** | **Electric Utilities 2.9%** | **Electric Utilities 2.9%** |
| 268690 | Alliant Energy Corp. | &nbsp;&nbsp; 17467537 |
| 11467 | Constellation Energy Corp. | &nbsp;&nbsp; 3988681 |
| 2220880 | FirstEnergy Corp. | &nbsp;&nbsp; 94853785 |
| 1255656 | NextEra Energy, Inc. | &nbsp;&nbsp; 89226916 |

---

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Electric Utilities – cont'd** | **Electric Utilities – cont'd** | **Electric Utilities – cont'd** |
| 211646 | TXNM Energy, Inc. | &nbsp;&nbsp; $12019376 |
|  |  | &nbsp;&nbsp; **217556295** |
| **Electrical Equipment 1.5%** | **Electrical Equipment 1.5%** | **Electrical Equipment 1.5%** |
| 1389869 | nVent Electric PLC | &nbsp;&nbsp; **108993527** |
| **Electronic Equipment, Instruments & Components 1.9%** | **Electronic Equipment, Instruments & Components 1.9%** | **Electronic Equipment, Instruments & Components 1.9%** |
| 1019490 | Amphenol Corp. Class A | &nbsp;&nbsp; 108585880 |
| 205057 | CDW Corp. | &nbsp;&nbsp; 35757840 |
|  |  | &nbsp;&nbsp; **144343720** |
| **Entertainment 1.7%** | **Entertainment 1.7%** | **Entertainment 1.7%** |
| 71736 | Netflix, Inc. | &nbsp;&nbsp; 83170718<br> <sup>\*</sup><br>|
| 51523 | Spotify Technology SA | &nbsp;&nbsp; 32281221<br> <sup>\*</sup><br>|
| 122062 | Walt Disney Co. | &nbsp;&nbsp; 14538805 |
|  |  | &nbsp;&nbsp; **129990744** |
| **Financial Services 3.4%** | **Financial Services 3.4%** | **Financial Services 3.4%** |
| 8623 | Adyen NV | &nbsp;&nbsp; 14789744<br> <sup>\*(e)</sup><br>|
| 221007 | MasterCard, Inc. Class A | &nbsp;&nbsp; 125193835 |
| 346006 | Visa, Inc. Class A | &nbsp;&nbsp; 119534693<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **259518272** |
| **Food Products 0.6%** | **Food Products 0.6%** | **Food Products 0.6%** |
| 161079 | Freshpet, Inc. | &nbsp;&nbsp; 11004917<br> <sup>\*</sup><br>|
| 375996 | Lamb Weston Holdings, Inc. | &nbsp;&nbsp; 21458092 |
| 244099 | &nbsp;&nbsp; Mondelez International, Inc. <br> Class A<br>| &nbsp;&nbsp; 15790764 |
|  |  | &nbsp;&nbsp; **48253773** |
| **Ground Transportation 1.5%** | **Ground Transportation 1.5%** | **Ground Transportation 1.5%** |
| 574286 | Uber Technologies, Inc. | &nbsp;&nbsp; 50393596<br> <sup>\*</sup><br>|
| 277076 | Union Pacific Corp. | &nbsp;&nbsp; 61502560 |
|  |  | &nbsp;&nbsp; **111896156** |
| **Health Care Equipment & Supplies 2.1%** | **Health Care Equipment & Supplies 2.1%** | **Health Care Equipment & Supplies 2.1%** |
| 474046 | Abbott Laboratories | &nbsp;&nbsp; 59819739 |
| 944367 | Boston Scientific Corp. | &nbsp;&nbsp; 99082986<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **158902725** |
| **Health Care Providers & Services 0.4%** | **Health Care Providers & Services 0.4%** | **Health Care Providers & Services 0.4%** |
| 118061 | UnitedHealth Group, Inc. | &nbsp;&nbsp; **29463303** |
| **Health Care Technology 1.1%** | **Health Care Technology 1.1%** | **Health Care Technology 1.1%** |
| 2226016 | Waystar Holding Corp. | &nbsp;&nbsp; **82318072**<br> <sup>\*</sup><br>|
| **Hotels, Restaurants & Leisure 1.7%** | **Hotels, Restaurants & Leisure 1.7%** | **Hotels, Restaurants & Leisure 1.7%** |
| 350095 | Chipotle Mexican Grill, Inc. | &nbsp;&nbsp; 15012074<br> <sup>\*</sup><br>|
| 1133252 | &nbsp;&nbsp; First Watch Restaurant Group, <br> Inc.<br>| &nbsp;&nbsp; 19593927<br> <sup>\*</sup><br>|
| 305522 | McDonald's Corp. | &nbsp;&nbsp; 91677986<br> <sup>(c)</sup><br>|
| 286207 | Sweetgreen, Inc. Class A | &nbsp;&nbsp; 3686346<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **129970333** |

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Long Short Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Household Products 0.5%** | **Household Products 0.5%** | **Household Products 0.5%** |
| 254060 | Procter & Gamble Co. | &nbsp;&nbsp; **$38228408** |
| **Independent Power and Renewable Electricity** <br> **Producers 0.1%** | **Independent Power and Renewable Electricity** <br> **Producers 0.1%** | **Independent Power and Renewable Electricity** <br> **Producers 0.1%** |
| 19424 | Vistra Corp. | &nbsp;&nbsp; **4050681** |
| **Insurance 0.1%** | **Insurance 0.1%** | **Insurance 0.1%** |
| 259700 | Accelerant Holdings Class A | &nbsp;&nbsp; **7152138**<br> <sup>\*</sup><br>|
| **Interactive Media & Services 7.7%** | **Interactive Media & Services 7.7%** | **Interactive Media & Services 7.7%** |
| 1340846 | Alphabet, Inc. Class A | &nbsp;&nbsp; 257308347<br> <sup>(c)</sup><br>|
| 2698639 | Match Group, Inc. | &nbsp;&nbsp; 92482359 |
| 295855 | Meta Platforms, Inc. Class A | &nbsp;&nbsp; 228826091 |
|  |  | &nbsp;&nbsp; **578616797** |
| **IT Services 0.2%** | **IT Services 0.2%** | **IT Services 0.2%** |
| 78773 | Cloudflare, Inc. Class A | &nbsp;&nbsp; **16359577**<br> <sup>\*</sup><br>|
| **Life Sciences Tools & Services 0.4%** | **Life Sciences Tools & Services 0.4%** | **Life Sciences Tools & Services 0.4%** |
| 68661 | Thermo Fisher Scientific, Inc. | &nbsp;&nbsp; **32111376** |
| **Machinery 0.3%** | **Machinery 0.3%** | **Machinery 0.3%** |
| 54222 | Caterpillar, Inc. | &nbsp;&nbsp; **23750320** |
| **Media 0.9%** | **Media 0.9%** | **Media 0.9%** |
| 634200 | NIQ Global Intelligence PLC | &nbsp;&nbsp; 11694648<br> <sup>\*</sup><br>|
| 653852 | Trade Desk, Inc. Class A | &nbsp;&nbsp; 56858970<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **68553618** |
| **Miscellaneous Manufacturers 0.3%** | **Miscellaneous Manufacturers 0.3%** | **Miscellaneous Manufacturers 0.3%** |
| 2041517 | &nbsp;&nbsp; Celebration Bidco <br> Holdings LLC<br>| &nbsp;&nbsp; **25518962**<br> <sup>\*#(a)(b)</sup><br>|
| **Multi-Utilities 1.8%** | **Multi-Utilities 1.8%** | **Multi-Utilities 1.8%** |
| 3519505 | CenterPoint Energy, Inc. | &nbsp;&nbsp; **136627184** |
| **Oil, Gas & Consumable Fuels 2.2%** | **Oil, Gas & Consumable Fuels 2.2%** | **Oil, Gas & Consumable Fuels 2.2%** |
| 578403 | Chevron Corp. | &nbsp;&nbsp; 87709031 |
| 770345 | Hess Midstream LP Class A | &nbsp;&nbsp; 33533118 |
| 687604 | Williams Cos., Inc. | &nbsp;&nbsp; 41221860 |
|  |  | &nbsp;&nbsp; **162464009** |
| **Pharmaceuticals 0.5%** | **Pharmaceuticals 0.5%** | **Pharmaceuticals 0.5%** |
| 53303 | Eli Lilly & Co. | &nbsp;&nbsp; **39447951** |
| **Professional Services 2.1%** | **Professional Services 2.1%** | **Professional Services 2.1%** |
| 305470 | Equifax, Inc. | &nbsp;&nbsp; 73383058 |
| 611718 | Jacobs Solutions, Inc. | &nbsp;&nbsp; 86784433 |
|  |  | &nbsp;&nbsp; **160167491** |
| **Semiconductors & Semiconductor Equipment 7.9%** | **Semiconductors & Semiconductor Equipment 7.9%** | **Semiconductors & Semiconductor Equipment 7.9%** |
| 202673 | Analog Devices, Inc. | &nbsp;&nbsp; 45526436 |
| 56887 | ASML Holding NV | &nbsp;&nbsp; 39519968 |
| 567636 | Broadcom, Inc. | &nbsp;&nbsp; 166714693 |
| 3216011 | &nbsp;&nbsp; indie Semiconductor, Inc. <br> Class A<br>| &nbsp;&nbsp; 12574603<br> <sup>\*(d)</sup><br>|

---

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Semiconductors & Semiconductor Equipment – cont'd** | **Semiconductors & Semiconductor Equipment – cont'd** | **Semiconductors & Semiconductor Equipment – cont'd** |
| 1851869 | NVIDIA Corp. | &nbsp;&nbsp; $329391939 |
|  |  | &nbsp;&nbsp; **593727639** |
| **Software 12.4%** | **Software 12.4%** | **Software 12.4%** |
| 359091 | Arctic Wolf Networks, Inc. | &nbsp;&nbsp; 4055215<br> <sup>\*#(a)(b)</sup><br>|
| 70117 | &nbsp;&nbsp; Crowdstrike Holdings, Inc. <br> Class A<br>| &nbsp;&nbsp; 31873085<br> <sup>\*</sup><br>|
| 51092 | CyberArk Software Ltd. | &nbsp;&nbsp; 21022825<br> <sup>\*</sup><br>|
| 179381 | Grammarly, Inc. Class A | &nbsp;&nbsp; 2538241<br> <sup>\*#(a)(b)</sup><br>|
| 113160 | HubSpot, Inc. | &nbsp;&nbsp; 58803594<br> <sup>\*</sup><br>|
| 814602 | Microsoft Corp. | &nbsp;&nbsp; 434590167<br> <sup>(c)</sup><br>|
| 1177944 | Onestream, Inc. | &nbsp;&nbsp; 28093964<br> <sup>\*</sup><br>|
| 300446 | Salesforce, Inc. | &nbsp;&nbsp; 77614215 |
| 80950 | ServiceNow, Inc. | &nbsp;&nbsp; 76345564<br> <sup>\*</sup><br>|
| 201413 | Synopsys, Inc. | &nbsp;&nbsp; 127589093<br> <sup>\*</sup><br>|
| 316104 | Workday, Inc. Class A | &nbsp;&nbsp; 72507936<br> <sup>\*(c)</sup><br>|
|  |  | &nbsp;&nbsp; **935033899** |
| **Specialized REITs 1.1%** | **Specialized REITs 1.1%** | **Specialized REITs 1.1%** |
| 88732 | Equinix, Inc. | &nbsp;&nbsp; 69669704 |
| 66369 | SBA Communications Corp. | &nbsp;&nbsp; 14914442 |
|  |  | &nbsp;&nbsp; **84584146** |
| **Specialty Retail 6.5%** | **Specialty Retail 6.5%** | **Specialty Retail 6.5%** |
| 175822 | &nbsp;&nbsp; Asbury Automotive Group, <br> Inc.<br>| &nbsp;&nbsp; 39053583<br> <sup>\*</sup><br>|
| 65320 | Burlington Stores, Inc. | &nbsp;&nbsp; 17829747<br> <sup>\*</sup><br>|
| 1150199 | Chewy, Inc. Class A | &nbsp;&nbsp; 42212303<br> <sup>\*</sup><br>|
| 2026590 | Fanatics Holdings, Inc. Class A | &nbsp;&nbsp; 139246999<br> <sup>\*#(a)(b)</sup><br>|
| 384360 | Home Depot, Inc. | &nbsp;&nbsp; 141256144 |
| 893285 | TJX Cos., Inc. | &nbsp;&nbsp; 111240781 |
|  |  | &nbsp;&nbsp; **490839557** |
| **Technology Hardware, Storage & Peripherals 4.2%** | **Technology Hardware, Storage & Peripherals 4.2%** | **Technology Hardware, Storage & Peripherals 4.2%** |
| 1533540 | Apple, Inc. | &nbsp;&nbsp; **318316898**<br> <sup>(c)</sup><br>|
| **Textiles, Apparel & Luxury Goods 0.4%** | **Textiles, Apparel & Luxury Goods 0.4%** | **Textiles, Apparel & Luxury Goods 0.4%** |
| 398816 | NIKE, Inc. Class B | &nbsp;&nbsp; **29787567** |
| **Tobacco 1.0%** | **Tobacco 1.0%** | **Tobacco 1.0%** |
| 477443 | Philip Morris International, Inc. | &nbsp;&nbsp; **78324524** |
| **Total Common Stocks** <br>**(Cost $4,226,268,435)** | **Total Common Stocks** <br>**(Cost $4,226,268,435)** | &nbsp;&nbsp; **6685392605** |
| **Preferred Stocks 1.2%** | **Preferred Stocks 1.2%** | **Preferred Stocks 1.2%** |
| **Capital Markets 0.4%** | **Capital Markets 0.4%** | **Capital Markets 0.4%** |
| 481750 | KKR & Co., Inc. Series D <br>| &nbsp;&nbsp; **27676538** |
| **Entertainment 0.1%** | **Entertainment 0.1%** | **Entertainment 0.1%** |
| 39203 | A24 Films LLC <br>| &nbsp;&nbsp; **5741993**<br> <sup>#(a)(b)(f)</sup><br>|

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Long Short Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **IT Services 0.1%** | **IT Services 0.1%** | **IT Services 0.1%** |
| 658071 | Druva, Inc. Series 4 | &nbsp;&nbsp; $4632820<br> <sup>\*#(a)(b)</sup><br>|
| 480112 | Druva, Inc. Series 5 | &nbsp;&nbsp; 4277798<br> <sup>\*#(a)(b)</sup><br>|
|  |  | &nbsp;&nbsp; **8910618** |
| **Software 0.2%** | **Software 0.2%** | **Software 0.2%** |
| 959038 | Cybereason, Inc. Series F | &nbsp;&nbsp; 479519<br> <sup>\*#(a)(b)</sup><br>|
| 112176 | Cybereason, Inc. Series H | &nbsp;&nbsp; 194900<br> <sup>\*#(a)(b)</sup><br>|
| 38 | Databricks, Inc. Series B | &nbsp;&nbsp; 3515<br> <sup>\*#(a)(b)</sup><br>|
| 3106 | Databricks, Inc. Series C | &nbsp;&nbsp; 287305<br> <sup>\*#(a)(b)</sup><br>|
| 63814 | Databricks, Inc. Series D | &nbsp;&nbsp; 5902795<br> <sup>\*#(a)(b)</sup><br>|
| 24642 | Databricks, Inc. Series E | &nbsp;&nbsp; 2279385<br> <sup>\*#(a)(b)</sup><br>|
| 12624 | Databricks, Inc. Series F | &nbsp;&nbsp; 1167720<br> <sup>\*#(a)(b)</sup><br>|
| 153 | Databricks, Inc. Series G | &nbsp;&nbsp; 14153<br> <sup>\*#(a)(b)</sup><br>|
| 369 | Databricks, Inc. Series H | &nbsp;&nbsp; 34132<br> <sup>\*#(a)(b)</sup><br>|
| 55626 | Grammarly, Inc. Series 3 | &nbsp;&nbsp; 1493002<br> <sup>\*#(a)(b)</sup><br>|
| 180619 | Signifyd, Inc. Series Seed | &nbsp;&nbsp; 1074683<br> <sup>\*#(a)(b)</sup><br>|
| 78686 | Signifyd, Inc. Series A | &nbsp;&nbsp; 470542<br> <sup>\*#(a)(b)</sup><br>|
| 325371 | Videoamp, Inc. Series F1 | &nbsp;&nbsp; 5135005<br> <sup>\*#(a)(b)</sup><br>|
|  |  | &nbsp;&nbsp; **18536656** |
| **Specialty Retail 0.4%** | **Specialty Retail 0.4%** | **Specialty Retail 0.4%** |
| 23000 | Fabletics LLC Series G | &nbsp;&nbsp; 26454600<br> <sup>\*#(a)(b)</sup><br>|
| 22208 | Savage X Fenty Series C1 | &nbsp;&nbsp; 53417<br> <sup>\*#(a)(b)</sup><br>|

---

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Specialty Retail – cont'd** | **Specialty Retail – cont'd** | **Specialty Retail – cont'd** |
| 288275 | Savage X Fenty Series D | &nbsp;&nbsp; $3407900<br> <sup>\*#(a)(b)</sup><br>|
|  |  | &nbsp;&nbsp; **29915917** |
| **Total Preferred Stocks** <br>**(Cost $93,204,003)** | **Total Preferred Stocks** <br>**(Cost $93,204,003)** | &nbsp;&nbsp; **90781722** |
| **Number of Units** | **Number of Units** |  |
| **Master Limited Partnerships and Limited**<br> **Partnerships 2.7%** | **Master Limited Partnerships and Limited**<br> **Partnerships 2.7%** | **Master Limited Partnerships and Limited**<br> **Partnerships 2.7%** |
| **Multi-Utilities 1.3%** | **Multi-Utilities 1.3%** | **Multi-Utilities 1.3%** |
| 3074131 | &nbsp;&nbsp; Brookfield Infrastructure <br> Partners LP <br>| &nbsp;&nbsp; **95912887** |
| **Oil, Gas & Consumable Fuels 1.4%** | **Oil, Gas & Consumable Fuels 1.4%** | **Oil, Gas & Consumable Fuels 1.4%** |
| 3537916 | &nbsp;&nbsp; Enterprise Products <br> Partners LP <br>| &nbsp;&nbsp; **109640017** |
| **Total Master Limited Partnerships and** <br> **Limited Partnerships** <br>**(Cost $164,206,151)** | **Total Master Limited Partnerships and** <br> **Limited Partnerships** <br>**(Cost $164,206,151)** | &nbsp;&nbsp; **205552904** |

---

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

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Corporate Bonds 0.0%**<sup>‡</sup> | **Corporate Bonds 0.0%**<sup>‡</sup> | **Corporate Bonds 0.0%**<sup>‡</sup> |
| **Miscellaneous Manufacturer 0.0%**<sup>‡</sup> | **Miscellaneous Manufacturer 0.0%**<sup>‡</sup> | **Miscellaneous Manufacturer 0.0%**<sup>‡</sup> |
| $19084979 | &nbsp;&nbsp; Anagram Holdings LLC/Anagram International, Inc., 10.00%, due 8/15/2026 <br>**(Cost $11,248,952)**<br>| &nbsp;&nbsp; **$0**<br> <sup>#(a)(b)(g)</sup><br>|
| **Loan Assignments**<sup>(h)</sup> **0.3%** | **Loan Assignments**<sup>(h)</sup> **0.3%** | **Loan Assignments**<sup>(h)</sup> **0.3%** |
| **Interactive Media & Services 0.1%** | **Interactive Media & Services 0.1%** | **Interactive Media & Services 0.1%** |
| Twitter, Inc. |  |  |
| 4987212 | &nbsp;&nbsp;&nbsp; Term Loan, (3 mo. USD Term SOFR + 6.50%), 10.96%, due 10/26/2029 | &nbsp;&nbsp; 4855500 |
| 5000000 | &nbsp;&nbsp;&nbsp; Term Loan, (6 mo. USD Term SOFR + 2.00%), 9.50%, due 10/26/2029 | &nbsp;&nbsp; 4844450 |
|  |  | &nbsp;&nbsp; **9699950** |
| **Miscellaneous Manufacturer 0.2%** | **Miscellaneous Manufacturer 0.2%** | **Miscellaneous Manufacturer 0.2%** |
| Celebration Bidco LLC |  |  |
| 11247854 | &nbsp;&nbsp;&nbsp; Term Loan, (3 mo. USD Term SOFR + 8.00%), 12.30%, due 12/29/2028 | &nbsp;&nbsp; 11430632<br> <sup>#(a)</sup><br>|
| 2178347 | &nbsp;&nbsp;&nbsp; Term Loan, (3 mo. USD Term SOFR + 8.00%), 12.31%, due 12/29/2028 | &nbsp;&nbsp; 2213745<br> <sup>#(a)</sup><br>|
|  |  | &nbsp;&nbsp; **13644377** |
| **Total Loan Assignments** <br>**(Cost $23,102,702)** | **Total Loan Assignments** <br>**(Cost $23,102,702)** | &nbsp;&nbsp; **23344327** |

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Long Short Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Convertible Bonds 0.4%** | **Convertible Bonds 0.4%** | **Convertible Bonds 0.4%** |
| **Software 0.4%** | **Software 0.4%** | **Software 0.4%** |
| $19850 | Arctic Wolf Networks, Inc., 0.00% Cash/3.00% PIK, due 9/29/2027 **(Cost $19,850,000)** | &nbsp;&nbsp; **$25805000**<br> <sup>#(a)(b)(i)</sup><br>|
| **Total Purchased Option Contracts 0.0%**<sup>‡</sup><sup>(j)</sup> <br>**(Cost $996,661)** | **Total Purchased Option Contracts 0.0%**<sup>‡</sup><sup>(j)</sup> <br>**(Cost $996,661)** | &nbsp;&nbsp; **839250** |
| **Number of Shares** | **Number of Shares** |  |
| **Short-Term Investments 3.2%** | **Short-Term Investments 3.2%** | **Short-Term Investments 3.2%** |
| **Investment Companies 3.2%** | **Investment Companies 3.2%** | **Investment Companies 3.2%** |
| 237430514 | State Street Institutional U.S. Government Money Market Fund Premier Class, 4.25%<sup>(k)</sup> | &nbsp;&nbsp; 237430514 |
| 5997068 | State Street Navigator Securities Lending Government Money Market Portfolio, 4.33%<sup>(k)</sup> | &nbsp;&nbsp; 5997068<br> <sup>(l)</sup><br>|
| **Total Short-Term Investments** <br>**(Cost $243,427,582)** | **Total Short-Term Investments** <br>**(Cost $243,427,582)** | &nbsp;&nbsp; **243427582** |
| **Total Long Positions (96.4%)** <br>**(Cost $4,782,304,486)** | **Total Long Positions (96.4%)** <br>**(Cost $4,782,304,486)** | &nbsp;&nbsp; **7275143390** |

---

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

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Short Positions ((11.2)%)** | **Short Positions ((11.2)%)** | **Short Positions ((11.2)%)** |
| **Common Stocks Sold Short (11.2)%** | **Common Stocks Sold Short (11.2)%** | **Common Stocks Sold Short (11.2)%** |
| **Banks (0.2)%** | **Banks (0.2)%** | **Banks (0.2)%** |
| (229812)<br>| Bank of Nova Scotia <br>| &nbsp;&nbsp; **$(12779845)**<br>|
| **Beverages (0.2)%** | **Beverages (0.2)%** | **Beverages (0.2)%** |
| (108938)<br>| &nbsp;&nbsp; Constellation Brands, Inc. <br> Class A <br>| &nbsp;&nbsp; **(18197004)**<br>|
| **Biotechnology (0.2)%** | **Biotechnology (0.2)%** | **Biotechnology (0.2)%** |
| (101742)<br>| Gilead Sciences, Inc. <br>| &nbsp;&nbsp; **(11424609)**<br>|
| **Building Products (0.1)%** | **Building Products (0.1)%** | **Building Products (0.1)%** |
| (12041)<br>| Lennox International, Inc. <br>| &nbsp;&nbsp; **(7332969)**<br>|
| **Capital Markets (0.7)%** | **Capital Markets (0.7)%** | **Capital Markets (0.7)%** |
| (50348)<br>| &nbsp;&nbsp; FactSet Research Systems, <br> Inc.<br>| &nbsp;&nbsp; (20285209)<br>|
| (35373)<br>| FS KKR Capital Corp. | &nbsp;&nbsp; (739649)<br>|
| (40752)<br>| Goldman Sachs Group, Inc. | &nbsp;&nbsp; (29487740)<br>|
|  |  | &nbsp;&nbsp; **(50512598)**<br>|
| **Consumer Finance (0.1)%** | **Consumer Finance (0.1)%** | **Consumer Finance (0.1)%** |
| (355362)<br>| SoFi Technologies, Inc. <br>| &nbsp;&nbsp; **(8024074)**<sup>\*</sup><br>|

---

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Electric Utilities (0.6)%** | **Electric Utilities (0.6)%** | **Electric Utilities (0.6)%** |
| (543961)<br>| Exelon Corp. | &nbsp;&nbsp; $(24445607)<br>|
| (185520)<br>| Southern Co. | &nbsp;&nbsp; (17527930)<br>|
|  |  | &nbsp;&nbsp; **(41973537)**<br>|
| **Entertainment (0.1)%** | **Entertainment (0.1)%** | **Entertainment (0.1)%** |
| (681486)<br>| Warner Bros Discovery, Inc. <br>| &nbsp;&nbsp; **(8975171)**<sup>\*</sup><br>|
| **Financial Services (0.1)%** | **Financial Services (0.1)%** | **Financial Services (0.1)%** |
| (661959)<br>| Payoneer Global, Inc. <br>| &nbsp;&nbsp; **(4349071)**<sup>\*</sup><br>|
| **Food Products (0.2)%** | **Food Products (0.2)%** | **Food Products (0.2)%** |
| (432971)<br>| Flowers Foods, Inc. | &nbsp;&nbsp; (6862590)<br>|
| (67744)<br>| General Mills, Inc. | &nbsp;&nbsp; (3318101)<br>|
| (56691)<br>| J.M. Smucker Co. | &nbsp;&nbsp; (6085212)<br>|
|  |  | &nbsp;&nbsp; **(16265903)**<br>|
| **Ground Transportation (0.1)%** | **Ground Transportation (0.1)%** | **Ground Transportation (0.1)%** |
| (52900)<br>| &nbsp;&nbsp; JB Hunt Transport Services, <br> Inc. <br>| &nbsp;&nbsp; **(7620245)**<br>|
| **Health Care Equipment & Supplies (0.1)%** | **Health Care Equipment & Supplies (0.1)%** | **Health Care Equipment & Supplies (0.1)%** |
| (117576)<br>| &nbsp;&nbsp; Zimmer Biomet Holdings, <br> Inc. <br>| &nbsp;&nbsp; **(10775840)**<br>|
| **Health Care Providers & Services (0.1)%** | **Health Care Providers & Services (0.1)%** | **Health Care Providers & Services (0.1)%** |
| (127860)<br>| Hims & Hers Health, Inc. <br>| &nbsp;&nbsp; **(8461775)**<sup>\*</sup><br>|

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Long Short Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Hotels, Restaurants & Leisure (0.7)%** | **Hotels, Restaurants & Leisure (0.7)%** | **Hotels, Restaurants & Leisure (0.7)%** |
| (279897)<br>| Airbnb, Inc. Class A | &nbsp;&nbsp; $(3751004)<sup>\*</sup><br>|
| (262306)<br>| Cheesecake Factory, Inc. | &nbsp;&nbsp; (16763976)<br>|
| (18579)<br>| Darden Restaurants, Inc. | &nbsp;&nbsp; (3746827)<br>|
| (117438)<br>| Kura Sushi USA, Inc. Class A | &nbsp;&nbsp; (10304010)<sup>\*</sup><br>|
| (224848)<br>| &nbsp;&nbsp; Restaurant Brands <br> International, Inc.<br>| &nbsp;&nbsp; (15258185)<br>|
| (11306)<br>| Texas Roadhouse, Inc. | &nbsp;&nbsp; (2093080)<br>|
|  |  | &nbsp;&nbsp; **(51917082)**<br>|
| **Household Durables (0.3)%** | **Household Durables (0.3)%** | **Household Durables (0.3)%** |
| (260381)<br>| &nbsp;&nbsp; Somnigroup International, <br> Inc. <br>| &nbsp;&nbsp; **(18846377)**<br>|
| **Household Products (0.2)%** | **Household Products (0.2)%** | **Household Products (0.2)%** |
| (185265)<br>| Church & Dwight Co., Inc. <br>| &nbsp;&nbsp; **(17372299)**<br>|
| **Insurance (0.7)%** | **Insurance (0.7)%** | **Insurance (0.7)%** |
| (422934)<br>| Lemonade, Inc. | &nbsp;&nbsp; (15936153)<sup>\*</sup><br>|
| (147804)<br>| Progressive Corp. | &nbsp;&nbsp; (35774480)<br>|
|  |  | &nbsp;&nbsp; **(51710633)**<br>|
| **IT Services (0.7)%** | **IT Services (0.7)%** | **IT Services (0.7)%** |
| (45544)<br>| &nbsp;&nbsp; Cognizant Technology <br> Solutions Corp. Class A<br>| &nbsp;&nbsp; (3268238)<br>|
| (42279)<br>| EPAM Systems, Inc. | &nbsp;&nbsp; (6667821)<sup>\*</sup><br>|
| (91414)<br>| Gartner, Inc. | &nbsp;&nbsp; (30957351)<sup>\*</sup><br>|
| (37574)<br>| Globant SA | &nbsp;&nbsp; (3165985)<sup>\*</sup><br>|
| (404913)<br>| Infosys Ltd. ADR | &nbsp;&nbsp; (6770146)<br>|
| (770731)<br>| Wipro Ltd. ADR | &nbsp;&nbsp; (2096388)<br>|
|  |  | &nbsp;&nbsp; **(52925929)**<br>|
| **Machinery (0.4)%** | **Machinery (0.4)%** | **Machinery (0.4)%** |
| (75772)<br>| Illinois Tool Works, Inc. | &nbsp;&nbsp; (19395359)<br>|
| (64650)<br>| ITT, Inc. | &nbsp;&nbsp; (10987914)<br>|
|  |  | &nbsp;&nbsp; **(30383273)**<br>|
| **Media (1.0)%** | **Media (1.0)%** | **Media (1.0)%** |
| (398282)<br>| Comcast Corp. Class A | &nbsp;&nbsp; (13234911)<br>|
| (359764)<br>| Fox Corp. Class A | &nbsp;&nbsp; (20060441)<br>|
| (1130676)<br>| &nbsp;&nbsp; Interpublic Group of Cos., <br> Inc.<br>| &nbsp;&nbsp; (27814629)<br>|
| (236419)<br>| Omnicom Group, Inc. | &nbsp;&nbsp; (17033989)<br>|
|  |  | &nbsp;&nbsp; **(78143970)**<br>|
| **Multi-Utilities (0.5)%** | **Multi-Utilities (0.5)%** | **Multi-Utilities (0.5)%** |
| (375837)<br>| Consolidated Edison, Inc. <br>| &nbsp;&nbsp; **(38899129)**<br>|
| **Oil, Gas & Consumable Fuels (0.5)%** | **Oil, Gas & Consumable Fuels (0.5)%** | **Oil, Gas & Consumable Fuels (0.5)%** |
| (877771)<br>| Murphy Oil Corp. | &nbsp;&nbsp; (21777498)<br>|
| (920935)<br>| Venture Global, Inc. Class A | &nbsp;&nbsp; (14117934)<br>|
|  |  | &nbsp;&nbsp; **(35895432)**<br>|

---

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Professional Services (0.7)%** | **Professional Services (0.7)%** | **Professional Services (0.7)%** |
| (387275)<br>| ExlService Holdings, Inc. | &nbsp;&nbsp; $(16819353)<sup>\*</sup><br>|
| (266258)<br>| Genpact Ltd. | &nbsp;&nbsp; (11728665)<br>|
| (1593032)<br>| Legalzoom.com, Inc. | &nbsp;&nbsp; (14321358)<sup>\*</sup><br>|
| (22884)<br>| Leidos Holdings, Inc. | &nbsp;&nbsp; (3653431)<br>|
| (154120)<br>| Robert Half, Inc. | &nbsp;&nbsp; (5688569)<br>|
| (32065)<br>| &nbsp;&nbsp; Science Applications <br> International Corp.<br>| &nbsp;&nbsp; (3574606)<br>|
|  |  | &nbsp;&nbsp; **(55785982)**<br>|
| **Semiconductors & Semiconductor Equipment (0.3)%** | **Semiconductors & Semiconductor Equipment (0.3)%** | **Semiconductors & Semiconductor Equipment (0.3)%** |
| (113970)<br>| ARM Holdings PLC ADR | &nbsp;&nbsp; (16112509)<sup>\*</sup><br>|
| (35221)<br>| Texas Instruments, Inc. | &nbsp;&nbsp; (6377114)<br>|
|  |  | &nbsp;&nbsp; **(22489623)**<br>|
| **Software (0.6)%** | **Software (0.6)%** | **Software (0.6)%** |
| (148563)<br>| Datadog, Inc. Class A | &nbsp;&nbsp; (20795849)<sup>\*</sup><br>|
| (38231)<br>| Oracle Corp. | &nbsp;&nbsp; (9701881)<br>|
| (102382)<br>| &nbsp;&nbsp; Palantir Technologies, Inc. <br> Class A<br>| &nbsp;&nbsp; (16212189)<sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **(46709919)**<br>|
| **Specialized REITs (0.5)%** | **Specialized REITs (0.5)%** | **Specialized REITs (0.5)%** |
| (281590)<br>| &nbsp;&nbsp; Lamar Advertising Co. <br> Class A <br>| &nbsp;&nbsp; **(34424378)**<br>|
| **Specialty Retail (0.7)%** | **Specialty Retail (0.7)%** | **Specialty Retail (0.7)%** |
| (142295)<br>| Best Buy Co., Inc. | &nbsp;&nbsp; (9257713)<br>|
| (205929)<br>| CarMax, Inc. | &nbsp;&nbsp; (11657641)<sup>\*</sup><br>|
| (175871)<br>| &nbsp;&nbsp; Floor & Decor Holdings, Inc. <br> Class A<br>| &nbsp;&nbsp; (13478753)<sup>\*</sup><br>|
| (296358)<br>| &nbsp;&nbsp; Sonic Automotive, Inc. <br> Class A<br>| &nbsp;&nbsp; (21441501)<br>|
|  |  | &nbsp;&nbsp; **(55835608)**<br>|
| **Technology Hardware, Storage & Peripherals (0.2)%** | **Technology Hardware, Storage & Peripherals (0.2)%** | **Technology Hardware, Storage & Peripherals (0.2)%** |
| (213963)<br>| Super Micro Computer, Inc. <br>| &nbsp;&nbsp; **(12617398)**<sup>\*</sup><br>|
| **Textiles, Apparel & Luxury Goods (0.3)%** | **Textiles, Apparel & Luxury Goods (0.3)%** | **Textiles, Apparel & Luxury Goods (0.3)%** |
| (415845)<br>| Amer Sports, Inc. | &nbsp;&nbsp; (15610821)<sup>\*</sup><br>|
| (130792)<br>| Columbia Sportswear Co. | &nbsp;&nbsp; (7398904)<br>|
|  |  | &nbsp;&nbsp; **(23009725)**<br>|
| **Trading Companies & Distributors (0.1)%** | **Trading Companies & Distributors (0.1)%** | **Trading Companies & Distributors (0.1)%** |
| (10842)<br>| WW Grainger, Inc. <br>| &nbsp;&nbsp; **(11270693)**<br>|
| **Total Short Positions (Proceeds** <br> **$(793953583))** | **Total Short Positions (Proceeds** <br> **$(793953583))** | &nbsp;&nbsp; **(844930091)**<br>|
| **Total Investments 85.2%** <br> **(Cost $3,988,350,903)** | **Total Investments 85.2%** <br> **(Cost $3,988,350,903)** | &nbsp;&nbsp; **6430213299** |
| Other Assets Less Liabilities 14.8% | Other Assets Less Liabilities 14.8% | &nbsp;&nbsp; 1116703485<br> <sup>(m)</sup><br>|
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$7546916784** |

---

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

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Long Short Fund^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| ‡ | Represents less than 0.05% of net assets of the Fund. |
| \* | Non-income producing security. |
| (a) | Value determined using significant unobservable inputs. |
| (b) | Security fair valued as of July 31, 2025 in accordance with procedures approved by the valuation designee. <br> Total value of all such securities at July 31, 2025 amounted to $280,369,003, which represents 3.7% of net <br> assets of the Fund.<br>|
| (c) | All or a portion of the security is pledged as collateral for securities sold short and/or options written. At <br> July 31, 2025, the Fund had securities pledged in the amount of $508,137,090 to cover collateral <br> requirements for securities sold short and/or options written.<br>|
| (d) | All or a portion of this security is on loan at July 31, 2025. Total value of all such securities at July 31, <br> 2025 amounted to $66,863,746, collateralized by cash collateral of $5,997,068 and non-cash (U.S. Treasury <br> Securities and U.S. Government Agency Securities) collateral of $62,234,980 for the Fund(see Note A of the <br> Notes to Consolidated Financial Statements).<br>|
| (e) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. <br> Regulation S applies to securities offerings that are made outside of the United States and do not involve <br> directed selling efforts in the United States and as such may have restrictions on resale. Total value of all <br> such securities at July 31, 2025 amounted to $14,789,744, which represents 0.2% of net assets of the <br> Fund.<br>|
| (f) | Security represented in Units. |
| (g) | Defaulted security. |
| (h) | Variable or floating rate security. The interest rate shown was the current rate as of July 31, 2025 and <br> changes periodically.<br>|
| (i) | Payment-in-kind (PIK) security. |
| (j) | See "Purchased option contracts" under Derivative Instruments. |
| (k) | Represents 7-day effective yield as of July 31, 2025. |
| (l) | Represents investment of cash collateral received from securities lending. |
| (m) | Includes the impact of the Fund's open positions in derivatives at July 31, 2025. |

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Long Short Fund^ (Unaudited) (cont'd)

# This security is subject to restrictions on resale. Total value of all such securities at July 31, 2025 amounted to $294,013,380, which represents 3.9% of net assets of the Fund. Acquisition dates shown with a range, if any, represent securities that were acquired over the period shown in the table.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Security** | **Acquisition** <br>**Date(s)**<br>| &nbsp;&nbsp; **Acquisition** <br>**Cost**<br>| &nbsp;&nbsp; **Value as of** <br>**7/31/2025**<br>| &nbsp;&nbsp; **Fair Value** <br>**Percentage** <br>**of Net Assets** <br>**as of** <br>**7/31/2025**<br>|
| A24 Films LLC (Preferred Units) | 2/25/2022 | $4463654 | $5741993 | 0.1% |
| Anagram Holdings LLC/Anagram International, Inc. | 5/6/2020-8/15/2023 | 11248952 |  | 0.0% |
| Arctic Wolf Networks, Inc. | 12/31/2021 | 3950001 | 4055215 | 0.1% |
| Arctic Wolf Networks, Inc. (Convertible Bonds) | 9/30/2022 | 19850000 | 25805000 | 0.3% |
| Canva, Inc. | 3/19/2024 | 15000454 | 20099402 | 0.3% |
| Celebration Bidco Holdings LLC | 12/29/2023 | 30622755 | 25518962 | 0.3% |
| Celebration Bidco LLC | 12/29/2023-6/30/2025 | 11070483 | 11430632 | 0.2% |
| Celebration Bidco LLC | 1/31/2025-4/30/2025 | 2178347 | 2213745 | 0.0% |
| Cybereason, Inc. (Series F Preferred Shares) | 7/13/2021 | 4750000 | 479519 | 0.0% |
| Cybereason, Inc. (Series H Preferred Shares) | 4/30/2025 | 70871 | 194900 | 0.0% |
| Databricks, Inc. (Series B Preferred Shares) | 3/12/2025-3/26/2025 | 3515 | 3515 | 0.0% |
| Databricks, Inc. (Series C Preferred Shares) | 3/12/2025-3/26/2025 | 287305 | 287305 | 0.0% |
| Databricks, Inc. (Series D Preferred Shares) | 3/12/2025-3/26/2025 | 5902795 | 5902795 | 0.1% |
| Databricks, Inc. (Series E Preferred Shares) | 3/12/2025-3/26/2025 | 2279385 | 2279385 | 0.0% |
| Databricks, Inc. (Series F Preferred Shares) | 3/12/2025-3/26/2025 | 1167720 | 1167720 | 0.0% |
| Databricks, Inc. (Series G Preferred Shares) | 3/12/2025-3/26/2025 | 14153 | 14153 | 0.0% |
| Databricks, Inc. (Series H Preferred Shares) | 3/12/2025-3/26/2025 | 34133 | 34132 | 0.0% |
| Druva, Inc. (Series 4 Preferred Shares) | 6/14/2019 | 3429998 | 4632820 | 0.1% |
| Druva, Inc. (Series 5 Preferred Shares) | 4/1/2021 | 4500000 | 4277798 | 0.1% |
| Fabletics LLC (Series G Preferred Shares) | 1/10/2022 | 23000000 | 26454600 | 0.4% |
| Fanatics Holdings, Inc. Class A | 8/13/2020-4/29/2021 | 35957294 | 139246999 | 1.8% |
| Grammarly, Inc. (Series 3 Preferred Shares) | 12/23/2021-1/24/2022 | 1458063 | 1493002 | 0.0% |
| Grammarly, Inc. Class A | 12/23/2021-1/24/2022 | 4701917 | 2538241 | 0.0% |
| Savage X Fenty (Series C1 Preferred Shares) | 3/5/2025 | 3949984 | 53417 | 0.0% |
| Savage X Fenty (Series D Preferred Shares) | 2/24/2025-3/5/2025 | 670353 | 3407900 | 0.0% |
| Signifyd, Inc. (Series A Preferred Shares) | 5/27/2021 | 2427463 | 470542 | 0.0% |
| Signifyd, Inc. (Series Seed Preferred Shares) | 5/27/2021 | 5572106 | 1074683 | 0.0% |
| Videoamp, Inc. (Series F1 Preferred Shares) | 1/4/2022 | 5135005 | 5135005 | 0.1% |
| **Total** |  | **$203696706** | **$294013380** | **3.9%** |

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Long Short Fund^ (Unaudited) (cont'd)

Derivative Instruments

**Futures contracts ("futures")**

At July 31, 2025, open positions in futures for the Fund were as follows:

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

**Short Futures:**<br>

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number of** <br>**Contracts**<br>| **Open Contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| 9/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1132 | NASDAQ 100 E-Mini Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(528983600)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(33860232)<br>|
| 9/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7185 | S&P 500 E-Mini Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2289949313)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (116164670)<br>|
| **Total Futures** | **Total Futures** | **Total Futures** |  | &nbsp;&nbsp;&nbsp;&nbsp; **$(150024902)**<br>|

---

**Total return basket swap contracts ("total return basket swaps")**

At July 31, 2025, the Fund had outstanding total return basket swaps<sup>(a)</sup> as follows:

**Over-the-counter total return basket swaps—Short**<sup>(b)</sup><br>

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Reference Entity** | &nbsp;&nbsp; **Effective** <br>**Variable** <br>**Rate**<sup>(c)</sup><br>| **Spread** | &nbsp;&nbsp; **Reference** <br>**Rate**<br>| &nbsp;&nbsp; **Frequency** <br>**of Fund** <br>**Receipt/** <br>**Payment**<br>| &nbsp;&nbsp; **Maturity** <br>**Date(s)**<br>| **Value** |
| GSI | GSXUSTGS | &nbsp;&nbsp;&nbsp;&nbsp; 3.99<br> %<br>| &nbsp;&nbsp;&nbsp; (0.40)%<br>| SOFR | 1M/T | &nbsp;&nbsp;&nbsp; 9/7/2026 | &nbsp;&nbsp;&nbsp; $(5376814)<br>|
| JPM | JPNBLQGS | &nbsp;&nbsp;&nbsp;&nbsp; 4.88<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.55<br> %<br>| OBFR | 1M/T | &nbsp;&nbsp;&nbsp; 1/21/2026 | &nbsp;&nbsp;&nbsp; (26261235)<br>|
| **Total** |  |  |  |  |  |  | &nbsp;&nbsp; **$(31638049)**<br>|

---

(a) The following table represents required component disclosures associated with the total return basket swaps:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Reference Entity** | **Shares** | **Notional** <br>**Amount**<br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Component** <br>**Weighting**<br>|
| **GSXUSTGS** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Microchip Technology Inc | (2229)<br>| &nbsp;&nbsp; $(520437)<br>| &nbsp;&nbsp; $(139726)<br>| 2.6<br> %<br>|
| &nbsp;&nbsp;&nbsp; ON Semiconductor Corp | (2481)<br>| &nbsp;&nbsp; (482910)<br>| &nbsp;&nbsp; (129651)<br>| 2.4<br> %<br>|
| &nbsp;&nbsp;&nbsp; Semtech Corp | (2735)<br>| &nbsp;&nbsp; (482768)<br>| &nbsp;&nbsp; (129613)<br>| 2.4<br> %<br>|
| &nbsp;&nbsp;&nbsp; Micron Technology Inc | (1235)<br>| &nbsp;&nbsp; (465637)<br>| &nbsp;&nbsp; (125014)<br>| 2.3<br> %<br>|
| &nbsp;&nbsp;&nbsp; Five Below Inc | (907)<br>| &nbsp;&nbsp; (427889)<br>| &nbsp;&nbsp; (114879)<br>| 2.1<br> %<br>|
| &nbsp;&nbsp;&nbsp; Lam Research Corp | (1303)<br>| &nbsp;&nbsp; (426716)<br>| &nbsp;&nbsp; (114564)<br>| 2.1<br> %<br>|
| &nbsp;&nbsp;&nbsp; SoFi Technologies Inc | (5328)<br>| &nbsp;&nbsp; (415539)<br>| &nbsp;&nbsp; (111564)<br>| 2.1<br> %<br>|
| &nbsp;&nbsp;&nbsp; Upstart Holdings Inc | (1454)<br>| &nbsp;&nbsp; (410516)<br>| &nbsp;&nbsp; (110215)<br>| 2.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; KLA Corp | (132)<br>| &nbsp;&nbsp; (399979)<br>| &nbsp;&nbsp; (107386)<br>| 2.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; Applied Materials Inc | (626)<br>| &nbsp;&nbsp; (389383)<br>| &nbsp;&nbsp; (104541)<br>| 1.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; NXP Semiconductors NV | (522)<br>| &nbsp;&nbsp; (385784)<br>| &nbsp;&nbsp; (103575)<br>| 1.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Entegris Inc | (1256)<br>| &nbsp;&nbsp; (340310)<br>| &nbsp;&nbsp; (91366)<br>| 1.7<br> %<br>|
| &nbsp;&nbsp;&nbsp; Boot Barn Holdings Inc | (566)<br>| &nbsp;&nbsp; (336207)<br>| &nbsp;&nbsp; (90264)<br>| 1.7<br> %<br>|
| &nbsp;&nbsp;&nbsp; QUALCOMM Inc | (644)<br>| &nbsp;&nbsp; (326426)<br>| &nbsp;&nbsp; (87638)<br>| 1.6<br> %<br>|
| &nbsp;&nbsp;&nbsp; Foot Locker Inc | (3734)<br>| &nbsp;&nbsp; (322965)<br>| &nbsp;&nbsp; (86709)<br>| 1.6<br> %<br>|
| &nbsp;&nbsp;&nbsp; Citizens Financial Group Inc | (1850)<br>| &nbsp;&nbsp; (305022)<br>| &nbsp;&nbsp; (81892)<br>| 1.5<br> %<br>|
| &nbsp;&nbsp;&nbsp; Urban Outfitters Inc | (1157)<br>| &nbsp;&nbsp; (300972)<br>| &nbsp;&nbsp; (80805)<br>| 1.5<br> %<br>|
| &nbsp;&nbsp;&nbsp; Regions Financial Corp | (3388)<br>| &nbsp;&nbsp; (296426)<br>| &nbsp;&nbsp; (79584)<br>| 1.5<br> %<br>|
| &nbsp;&nbsp;&nbsp; KeyCorp | (4685)<br>| &nbsp;&nbsp; (290006)<br>| &nbsp;&nbsp; (77861)<br>| 1.4<br> %<br>|

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Long Short Fund^ (Unaudited) (cont'd)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Reference Entity** | **Shares** | **Notional**<br> **Amount**<br>| **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>| **Component**<br> **Weighting**<br>|
| **GSXUSTGS (cont'd)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Synchrony Financial | (1202)<br>| &nbsp;&nbsp; $(289289)<br>| &nbsp;&nbsp; $(77668)<br>| 1.4<br> %<br>|
| &nbsp;&nbsp;&nbsp; Huntington Bancshares Inc/OH | (4994)<br>| &nbsp;&nbsp; (283430)<br>| &nbsp;&nbsp; (76095)<br>| 1.4<br> %<br>|
| &nbsp;&nbsp;&nbsp; Fifth Third Bancorp | (1903)<br>| &nbsp;&nbsp; (273214)<br>| &nbsp;&nbsp; (73352)<br>| 1.4<br> %<br>|
| &nbsp;&nbsp;&nbsp; Truist Financial Corp | (1806)<br>| &nbsp;&nbsp; (272716)<br>| &nbsp;&nbsp; (73218)<br>| 1.4<br> %<br>|
| &nbsp;&nbsp;&nbsp; M&T Bank Corp | (408)<br>| &nbsp;&nbsp; (265738)<br>| &nbsp;&nbsp; (71345)<br>| 1.3<br> %<br>|
| &nbsp;&nbsp;&nbsp; Zions Bancorp NA | (1434)<br>| &nbsp;&nbsp; (265570)<br>| &nbsp;&nbsp; (71300)<br>| 1.3<br> %<br>|
| &nbsp;&nbsp;&nbsp; Signet Jewelers Ltd | (970)<br>| &nbsp;&nbsp; (265001)<br>| &nbsp;&nbsp; (71147)<br>| 1.3<br> %<br>|
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp | (346)<br>| &nbsp;&nbsp; (256679)<br>| &nbsp;&nbsp; (68913)<br>| 1.3<br> %<br>|
| &nbsp;&nbsp;&nbsp; Abercrombie & Fitch Co | (768)<br>| &nbsp;&nbsp; (254742)<br>| &nbsp;&nbsp; (68393)<br>| 1.3<br> %<br>|
| &nbsp;&nbsp;&nbsp; Comfort Systems USA Inc | (95)<br>| &nbsp;&nbsp; (231064)<br>| &nbsp;&nbsp; (62036)<br>| 1.1<br> %<br>|
| &nbsp;&nbsp;&nbsp; Ally Financial Inc | (1752)<br>| &nbsp;&nbsp; (229032)<br>| &nbsp;&nbsp; (61490)<br>| 1.1<br> %<br>|
| &nbsp;&nbsp;&nbsp; Burlington Stores Inc | (230)<br>| &nbsp;&nbsp; (217250)<br>| &nbsp;&nbsp; (58327)<br>| 1.1<br> %<br>|
| &nbsp;&nbsp;&nbsp; Victoria's Secret & Co | (3186)<br>| &nbsp;&nbsp; (206901)<br>| &nbsp;&nbsp; (55549)<br>| 1.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; AutoZone Inc | (16)<br>| &nbsp;&nbsp; (203439)<br>| &nbsp;&nbsp; (54619)<br>| 1.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; Crocs Inc | (587)<br>| &nbsp;&nbsp; (202131)<br>| &nbsp;&nbsp; (54268)<br>| 1.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; OneMain Holdings Inc | (1011)<br>| &nbsp;&nbsp; (201720)<br>| &nbsp;&nbsp; (54158)<br>| 1.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; Gap Inc/The | (2950)<br>| &nbsp;&nbsp; (198286)<br>| &nbsp;&nbsp; (53236)<br>| 1.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; American Eagle Outfitters Inc | (5248)<br>| &nbsp;&nbsp; (195770)<br>| &nbsp;&nbsp; (52560)<br>| 1.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; Carnival Corp | (1900)<br>| &nbsp;&nbsp; (195430)<br>| &nbsp;&nbsp; (52469)<br>| 1.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; Super Micro Computer Inc | (954)<br>| &nbsp;&nbsp; (194287)<br>| &nbsp;&nbsp; (52162)<br>| 1.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd | (174)<br>| &nbsp;&nbsp; (190726)<br>| &nbsp;&nbsp; (51206)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Ross Stores Inc | (404)<br>| &nbsp;&nbsp; (190388)<br>| &nbsp;&nbsp; (51115)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; TJX Cos Inc/The | (440)<br>| &nbsp;&nbsp; (189200)<br>| &nbsp;&nbsp; (50796)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; EMCOR Group Inc | (86)<br>| &nbsp;&nbsp; (185831)<br>| &nbsp;&nbsp; (49892)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Primoris Services Corp | (569)<br>| &nbsp;&nbsp; (185197)<br>| &nbsp;&nbsp; (49721)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; MasTec Inc | (279)<br>| &nbsp;&nbsp; (182404)<br>| &nbsp;&nbsp; (48972)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Norwegian Cruise Line Holdings Ltd | (2004)<br>| &nbsp;&nbsp; (176940)<br>| &nbsp;&nbsp; (47505)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Quanta Services Inc | (122)<br>| &nbsp;&nbsp; (171643)<br>| &nbsp;&nbsp; (46083)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Bread Financial Holdings Inc | (810)<br>| &nbsp;&nbsp; (171612)<br>| &nbsp;&nbsp; (46074)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; United Airlines Holdings Inc | (533)<br>| &nbsp;&nbsp; (162639)<br>| &nbsp;&nbsp; (43665)<br>| 0.8<br> %<br>|
| &nbsp;&nbsp;&nbsp; Celanese Corp | (890)<br>| &nbsp;&nbsp; (160560)<br>| &nbsp;&nbsp; (43107)<br>| 0.8<br> %<br>|
| &nbsp;&nbsp;&nbsp; Other Securities | (71400)<br>| &nbsp;&nbsp; (6133944)<br>| &nbsp;&nbsp; (1646835)<br>| 30.6<br> %<br>|
|  |  | &nbsp;&nbsp; **$(20128665)**<br>| &nbsp;&nbsp; **$(5404123)**<br>|  |
| &nbsp;&nbsp;&nbsp; Accrued Net Interest Receivable/(Payable) | &nbsp;&nbsp;&nbsp; Accrued Net Interest Receivable/(Payable) |  | &nbsp;&nbsp; 27309 |  |
|  |  |  | &nbsp;&nbsp; **$(5376814)**<br>|  |
| **JPNBLQGS** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Palantir Technologies Inc | (21021)<br>| &nbsp;&nbsp; (10182787)<br>| &nbsp;&nbsp; (2086830)<br>| 7.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Sprouts Farmers Market Inc | (15023)<br>| &nbsp;&nbsp; (6964378)<br>| &nbsp;&nbsp; (1427259)<br>| 5.4<br> %<br>|
| &nbsp;&nbsp;&nbsp; Jabil Inc | (6826)<br>| &nbsp;&nbsp; (4660059)<br>| &nbsp;&nbsp; (955018)<br>| 3.6<br> %<br>|
| &nbsp;&nbsp;&nbsp; GoDaddy Inc | (6501)<br>| &nbsp;&nbsp; (3213528)<br>| &nbsp;&nbsp; (658571)<br>| 2.5<br> %<br>|
| &nbsp;&nbsp;&nbsp; Vistra Corp | (4984)<br>| &nbsp;&nbsp; (3179623)<br>| &nbsp;&nbsp; (651622)<br>| 2.5<br> %<br>|
| &nbsp;&nbsp;&nbsp; Nutanix Inc | (12223)<br>| &nbsp;&nbsp; (2810765)<br>| &nbsp;&nbsp; (576030)<br>| 2.2<br> %<br>|
| &nbsp;&nbsp;&nbsp; Take-Two Interactive Software Inc | (4116)<br>| &nbsp;&nbsp; (2804420)<br>| &nbsp;&nbsp; (574729)<br>| 2.2<br> %<br>|
| &nbsp;&nbsp;&nbsp; Pure Storage Inc | (14683)<br>| &nbsp;&nbsp; (2673465)<br>| &nbsp;&nbsp; (547892)<br>| 2.1<br> %<br>|
| &nbsp;&nbsp;&nbsp; Performance Food Group Co | (8620)<br>| &nbsp;&nbsp; (2647428)<br>| &nbsp;&nbsp; (542556)<br>| 2.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; Palo Alto Networks Inc | (4871)<br>| &nbsp;&nbsp; (2586937)<br>| &nbsp;&nbsp; (530159)<br>| 2.0<br> %<br>|

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Long Short Fund^ (Unaudited) (cont'd)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Reference Entity** | **Shares** | **Notional**<br> **Amount**<br>| **Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>| **Component**<br> **Weighting**<br>|
| **JPNBLQGS (cont'd)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Crowdstrike Holdings Inc | (1756)<br>| &nbsp;&nbsp; $(2441142)<br>| &nbsp;&nbsp; $(500280)<br>| 1.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Coherent Corp | (6382)<br>| &nbsp;&nbsp; (2100566)<br>| &nbsp;&nbsp; (430484)<br>| 1.6<br> %<br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd | (2062)<br>| &nbsp;&nbsp; (2004742)<br>| &nbsp;&nbsp; (410846)<br>| 1.6<br> %<br>|
| &nbsp;&nbsp;&nbsp; F5 Inc | (1836)<br>| &nbsp;&nbsp; (1760453)<br>| &nbsp;&nbsp; (360782)<br>| 1.4<br> %<br>|
| &nbsp;&nbsp;&nbsp; Monolithic Power Systems Inc | (791)<br>| &nbsp;&nbsp; (1720841)<br>| &nbsp;&nbsp; (352664)<br>| 1.3<br> %<br>|
| &nbsp;&nbsp;&nbsp; Cencora Inc | (1847)<br>| &nbsp;&nbsp; (1616311)<br>| &nbsp;&nbsp; (331242)<br>| 1.3<br> %<br>|
| &nbsp;&nbsp;&nbsp; Lumentum Holdings Inc | (4648)<br>| &nbsp;&nbsp; (1565020)<br>| &nbsp;&nbsp; (320730)<br>| 1.2<br> %<br>|
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment Inc | (3384)<br>| &nbsp;&nbsp; (1528961)<br>| &nbsp;&nbsp; (313341)<br>| 1.2<br> %<br>|
| &nbsp;&nbsp;&nbsp; Dropbox Inc | (17195)<br>| &nbsp;&nbsp; (1429130)<br>| &nbsp;&nbsp; (292882)<br>| 1.1<br> %<br>|
| &nbsp;&nbsp;&nbsp; Marvell Technology Inc | (5813)<br>| &nbsp;&nbsp; (1429055)<br>| &nbsp;&nbsp; (292866)<br>| 1.1<br> %<br>|
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co | (3176)<br>| &nbsp;&nbsp; (1414440)<br>| &nbsp;&nbsp; (289871)<br>| 1.1<br> %<br>|
| &nbsp;&nbsp;&nbsp; New York Times Co/The | (8505)<br>| &nbsp;&nbsp; (1350007)<br>| &nbsp;&nbsp; (276666)<br>| 1.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; Cloudflare Inc | (2103)<br>| &nbsp;&nbsp; (1335829)<br>| &nbsp;&nbsp; (273761)<br>| 1.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; NXP Semiconductors NV | (1975)<br>| &nbsp;&nbsp; (1291684)<br>| &nbsp;&nbsp; (264714)<br>| 1.0<br> %<br>|
| &nbsp;&nbsp;&nbsp; Electronic Arts Inc | (2514)<br>| &nbsp;&nbsp; (1172824)<br>| &nbsp;&nbsp; (240355)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Axon Enterprise Inc | (504)<br>| &nbsp;&nbsp; (1164816)<br>| &nbsp;&nbsp; (238714)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Wix.com Ltd | (2738)<br>| &nbsp;&nbsp; (1139150)<br>| &nbsp;&nbsp; (233454)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Booking Holdings Inc | (67)<br>| &nbsp;&nbsp; (1130135)<br>| &nbsp;&nbsp; (231607)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Trade Desk Inc/The | (4203)<br>| &nbsp;&nbsp; (1118116)<br>| &nbsp;&nbsp; (229143)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Zscaler Inc | (1274)<br>| &nbsp;&nbsp; (1112788)<br>| &nbsp;&nbsp; (228052)<br>| 0.9<br> %<br>|
| &nbsp;&nbsp;&nbsp; Dynatrace Inc | (6803)<br>| &nbsp;&nbsp; (1094821)<br>| &nbsp;&nbsp; (224369)<br>| 0.8<br> %<br>|
| &nbsp;&nbsp;&nbsp; Microchip Technology Inc | (5201)<br>| &nbsp;&nbsp; (1075381)<br>| &nbsp;&nbsp; (220385)<br>| 0.8<br> %<br>|
| &nbsp;&nbsp;&nbsp; Datadog Inc | (2448)<br>| &nbsp;&nbsp; (1048114)<br>| &nbsp;&nbsp; (214797)<br>| 0.8<br> %<br>|
| &nbsp;&nbsp;&nbsp; Texas Roadhouse Inc | (1839)<br>| &nbsp;&nbsp; (1041644)<br>| &nbsp;&nbsp; (213471)<br>| 0.8<br> %<br>|
| &nbsp;&nbsp;&nbsp; Group 1 Automotive Inc | (798)<br>| &nbsp;&nbsp; (1006196)<br>| &nbsp;&nbsp; (206207)<br>| 0.8<br> %<br>|
| &nbsp;&nbsp;&nbsp; PulteGroup Inc | (2890)<br>| &nbsp;&nbsp; (998419)<br>| &nbsp;&nbsp; (204613)<br>| 0.8<br> %<br>|
| &nbsp;&nbsp;&nbsp; StoneCo Ltd | (24760)<br>| &nbsp;&nbsp; (968006)<br>| &nbsp;&nbsp; (198380)<br>| 0.7<br> %<br>|
| &nbsp;&nbsp;&nbsp; Taylor Morrison Home Corp | (5301)<br>| &nbsp;&nbsp; (961230)<br>| &nbsp;&nbsp; (196991)<br>| 0.7<br> %<br>|
| &nbsp;&nbsp;&nbsp; HubSpot Inc | (583)<br>| &nbsp;&nbsp; (926463)<br>| &nbsp;&nbsp; (189867)<br>| 0.7<br> %<br>|
| &nbsp;&nbsp;&nbsp; Murphy USA Inc | (832)<br>| &nbsp;&nbsp; (922698)<br>| &nbsp;&nbsp; (189095)<br>| 0.7<br> %<br>|
| &nbsp;&nbsp;&nbsp; Pinterest Inc | (7557)<br>| &nbsp;&nbsp; (892279)<br>| &nbsp;&nbsp; (182861)<br>| 0.7<br> %<br>|
| &nbsp;&nbsp;&nbsp; General Electric Co | (1053)<br>| &nbsp;&nbsp; (872923)<br>| &nbsp;&nbsp; (178894)<br>| 0.7<br> %<br>|
| &nbsp;&nbsp;&nbsp; Silicon Laboratories Inc | (2144)<br>| &nbsp;&nbsp; (864237)<br>| &nbsp;&nbsp; (177114)<br>| 0.7<br> %<br>|
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings Inc | (1050)<br>| &nbsp;&nbsp; (860905)<br>| &nbsp;&nbsp; (176431)<br>| 0.7<br> %<br>|
| &nbsp;&nbsp;&nbsp; Snowflake Inc | (1242)<br>| &nbsp;&nbsp; (849337)<br>| &nbsp;&nbsp; (174061)<br>| 0.7<br> %<br>|
| &nbsp;&nbsp;&nbsp; Quanta Services Inc | (676)<br>| &nbsp;&nbsp; (839873)<br>| &nbsp;&nbsp; (172121)<br>| 0.6<br> %<br>|
| &nbsp;&nbsp;&nbsp; Maximus Inc | (3626)<br>| &nbsp;&nbsp; (819337)<br>| &nbsp;&nbsp; (167912)<br>| 0.6<br> %<br>|
| &nbsp;&nbsp;&nbsp; Hyatt Hotels Corp | (1775)<br>| &nbsp;&nbsp; (765327)<br>| &nbsp;&nbsp; (156844)<br>| 0.6<br> %<br>|
| &nbsp;&nbsp;&nbsp; RenaissanceRe Holdings Ltd | (1015)<br>| &nbsp;&nbsp; (756848)<br>| &nbsp;&nbsp; (155106)<br>| 0.6<br> %<br>|
| &nbsp;&nbsp;&nbsp; Light & Wonder Inc | (2471)<br>| &nbsp;&nbsp; (728165)<br>| &nbsp;&nbsp; (149228)<br>| 0.6<br> %<br>|
| &nbsp;&nbsp;&nbsp; Other Securities | (446049)<br>| &nbsp;&nbsp; (39458288)<br>| &nbsp;&nbsp; (8086462)<br>| 30.3<br> %<br>|
|  |  | &nbsp;&nbsp; **$(129299891)**<br>| &nbsp;&nbsp; **$(26498329)**<br>|  |
| &nbsp;&nbsp;&nbsp; Accrued Net Interest Receivable/(Payable) | &nbsp;&nbsp;&nbsp; Accrued Net Interest Receivable/(Payable) |  | &nbsp;&nbsp; 237094 |  |
|  |  |  | &nbsp;&nbsp; **$(26261235)**<br>|  |
| **Total Return Basket Swaps, at Value**  | **Total Return Basket Swaps, at Value**  |  | &nbsp;&nbsp; **$(31638049)** <br>|  |

---

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

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Long Short Fund^ (Unaudited) (cont'd)

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) The Fund receives a specified rate based on a reference rate plus or minus a spread,
 and pays the total return on the reference entity. The cash flows may be denominated in various foreign
 currencies based on the local currencies of the positions within the swaps.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Effective rate at July 31, 2025.

**Purchased option contracts ("options purchased")**

At July 31, 2025, the Fund had outstanding options purchased as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **Calls** | **Calls** | **Calls** | **Calls** | **Calls** | **Calls** |
| **Food Products** | **Food Products** | **Food Products** | **Food Products** | **Food Products** | **Food Products** |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp; 1865 | &nbsp;&nbsp; $106436 | &nbsp;&nbsp; $60 | &nbsp;&nbsp; 1/16/2026 | &nbsp;&nbsp; **$839250** |
| **Total options purchased (cost $996,661)** | **Total options purchased (cost $996,661)** | **Total options purchased (cost $996,661)** | **Total options purchased (cost $996,661)** | **Total options purchased (cost $996,661)** | &nbsp;&nbsp; **$839250** |

---

**Written option contracts ("options written")**

At July 31, 2025, the Fund had outstanding options written as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **Calls** | **Calls** | **Calls** | **Calls** | **Calls** | **Calls** |
| **Banks** | **Banks** | **Banks** | **Banks** | **Banks** | **Banks** |
| JPMorgan Chase & Co. | &nbsp;&nbsp; 966 | &nbsp;&nbsp; $(286168) | &nbsp;&nbsp; $240 | &nbsp;&nbsp; 10/17/2025 | &nbsp;&nbsp; **$(5716305)** |
| **Total options written (premium received $1,616,306)** | **Total options written (premium received $1,616,306)** | **Total options written (premium received $1,616,306)** | **Total options written (premium received $1,616,306)** | **Total options written (premium received $1,616,306)** | &nbsp;&nbsp; **$(5716305)** |

---

The following is a summary, categorized by Level (see the Notes to Consolidated Schedule of Investments), of inputs used to value the Fund's long investments as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Investments: |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aerospace & Defense | $70329809 | $49394805 | $— | $119724614 |
| &nbsp;&nbsp;&nbsp; Application Software |  |  | 20099402 | 20099402 |
| &nbsp;&nbsp;&nbsp; Financial Services | 244728528 | 14789744 |  | 259518272 |
| &nbsp;&nbsp;&nbsp; Miscellaneous Manufacturers |  |  | 25518962 | 25518962 |
| &nbsp;&nbsp;&nbsp; Software | 928440443 |  | 6593456 | 935033899 |
| &nbsp;&nbsp;&nbsp; Specialty Retail | 351592558 |  | 139246999 | 490839557 |
| &nbsp;&nbsp;&nbsp; Other Common Stocks<sup>#</sup> <br>| 4834657899 |  |  | 4834657899 |
| Total Common Stocks | 6429749237 | 64184549 | 191458819 | 6685392605 |
| Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Entertainment |  |  | 5741993 | 5741993 |
| &nbsp;&nbsp;&nbsp; IT Services |  |  | 8910618 | 8910618 |
| &nbsp;&nbsp;&nbsp; Software |  |  | 18536656 | 18536656 |
| &nbsp;&nbsp;&nbsp; Specialty Retail |  |  | 29915917 | 29915917 |
| &nbsp;&nbsp;&nbsp; Other Preferred Stocks<sup>#</sup> <br>| 27676538 |  |  | 27676538 |
| Total Preferred Stocks | 27676538 |  | 63105184 | 90781722 |
| Master Limited Partnerships and Limited <br>Partnerships<sup>#</sup> <br>| 205552904 |  |  | 205552904 |

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Long Short Fund^ (Unaudited) (cont'd)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs (cont'd)** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Corporate Bonds<sup>#</sup> <br>| $— | $— | $— | $— |
| Loan Assignments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Miscellaneous Manufacturer |  |  | 13644377 | 13644377 |
| &nbsp;&nbsp;&nbsp; Other Loan Assignments<sup>#</sup> <br>|  | 9699950 |  | 9699950 |
| Total Loan Assignments |  | 9699950 | 13644377 | 23344327 |
| Convertible Bonds<sup>#</sup> <br>|  |  | 25805000 | 25805000 |
| Options Purchased<sup>@</sup> <br>| 839250 |  |  | 839250 |
| Short-Term Investments |  | 243427582 |  | 243427582 |
| **Total Investments** | **$6663817929** | **$317312081** | **$294013380** | **$7275143390** |

---

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

---

| | |
|:---|:---|
| # | The Consolidated Schedule of Investments provides information on the industry or sector categorization. |
| @ | The "Purchased option contracts" table under Derivative Instruments provides information on the industry <br> or sector categorization.<br>|
| (a) | The following is a reconciliation between the beginning and ending balances of investments in which <br> significant unobservable inputs (Level 3) were used in determining value:<br>|

---

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

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(000's** <br>**omitted)**<br>| **Beginning** <br>**balance as** <br>**of 11/1/2024**<br>| **Accrued** <br>**discounts/** <br>**(premiums)**<br>| **Realized** <br>**gain/(loss)**<br>| **Change** <br>**in unrealized** <br>**appreciation/** <br>**(depreciation)**<br>| **Purchases** | **Sales/** <br>**Other** <br>**reductions**<br>| **Transfers** <br>**into** <br>**Level 3**<br>| **Transfers** <br>**out of** <br>**Level 3**<br>| **Balance** <br>**as of** <br>**7/31/2025**<br>| **Net change in** <br>**unrealized** <br>**appreciation/** <br>**(depreciation)** <br>**from** <br>**investments** <br>**still held as of** <br>**7/31/2025**<br>|
| **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** |
| Common <br> Stocks<sup>(1)</sup> <br>| $213245 | $— | $— | $(21786)<br>| $— | $— | $— | $— | $191459 | $(21786)<br>|
| Preferred <br> Stocks<sup>(1)</sup> <br>| 54198 |  |  | (1523)<br>| 18330 | (7900)<br>|  |  | 63105 | (2362)<br>|
| Corporate <br> Bonds<sup>(2)</sup> <br>|  |  |  |  |  |  |  |  |  |  |
| Loan <br> Assignments<sup>(3)</sup> <br>| 10417 | 32 |  | 228 | 2967 |  |  |  | 13644 | 228 |
| Convertible <br> Bonds<sup>(1)</sup> <br>| 22867 |  |  | 2938 |  |  |  |  | 25805 | 2938 |
| **Total** | **$300727** | **$32** | **$—** | **$(20143)**<br>| **$21297** | **$(7900)**<br>| **$—** | **$—** | **$294013** | **$(20982)**<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: |
| **Investment type** | **Fair value** <br>**at** <br>**7/31/2025**<br>| &nbsp;&nbsp; **Valuation** <br>**approach**<br>| &nbsp;&nbsp; **Significant unobservable** <br>**input(s)**<br>| &nbsp;&nbsp; **Input value/** <br>**range**<br>| &nbsp;&nbsp; **Weighted** <br>**average**<sup>(a)</sup><br>| &nbsp;&nbsp; **Impact to** <br>**valuation** <br>**from** <br>**increase** <br>**in input**<sup>(b)</sup><br>|
| Common Stocks | $191458819 | Market Approach | &nbsp;&nbsp; Enterprise value/ <br>Revenue multiple<sup>(c)</sup> (EV/Revenue)<br>| 3.2x - 12.5x | 4.6x | Increase |
|  |  | Market Approach | Discount Rate | 4.3% | 4.3% | Decrease |
|  |  | Market Approach | Term (Years) | 1.3 - 1.8 | 1.5 | Decrease |
|  |  | Market Approach | Expected Volatility | 65.0% - 80.0% | 74.2% | Decrease |
|  |  | Market Approach | Transaction Price | $9.06 - $1,280.00 | $1066.63 | Increase |
|  |  | Market Approach | &nbsp;&nbsp; Enterprise value/ <br>EBITDA (EV/EBITDA)<br>| 9.7x | 9.7x | Increase |
| Preferred Stocks | 57363191 | Market Approach | &nbsp;&nbsp; Enterprise value/ <br>Revenue multiple<sup>(c)</sup> (EV/Revenue)<br>| 1.2x - 9.2x | 6.0x | Increase |

---

See Notes to Consolidated Schedule of Investments

------

Consolidated Schedule of Investments Long Short Fund^ (Unaudited) (cont'd)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | Market Approach | Discount Rate | 0.3% - 4.2% | 3.6% | Decrease |
|  |  | Market Approach | Term (Years) | 1.8 - 3.2 | 2.5 | Decrease |
|  |  | Market Approach | Expected Volatility | 60.0% - 70.0% | 62.6% | Decrease |
|  |  | Market Approach | Transaction Price | $0.63 - $1,150.00 | $777.95 | Increase |
|  |  | Market Approach | Cost Multiple | 0.5x - 2.8x | 2.3x | Increase |
| Convertible Bonds | $25805000 | Income Approach | Credit Yield Spread | 25.6% | 25.6% | Decrease |
| Preferred Units | 5741993 | Market Approach | Transaction Price | $146.47 | $146.47 | Increase |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. |
| &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; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &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; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &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; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &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; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &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; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &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; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &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; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. |
| &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; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. | &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; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. | &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; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. | &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; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. | &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; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. | &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; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. | &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; (c) Represents amounts used when the reporting entity has determined that market participants <br> would use such multiples when pricing the investments. |

---

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

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) At July 31, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets and, <br> therefore, disclosure of significant unobservable inputs used in formulating valuations is not <br> presented. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) At July 31, 2025 these securities were valued by an independent pricing service using significant <br> unobservable inputs.  |

---

The following is a summary, categorized by Level (see the Notes to Consolidated Schedule of Investments), of inputs used to value the Fund's short investments as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Liability Valuation Inputs** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments: |  |  |  |  |
| Common Stocks Sold Short<sup>#</sup> <br>| $(844930091)<br>| $— | $— | $(844930091)<br>|
| **Total Short Positions** | **$(844930091)**<br>| **$—** | **$—** | **$(844930091)**<br>|

---

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

# The Consolidated Schedule of Investments provides information on the industry or sector categorization.

The following is a summary, categorized by Level (see the Notes to Consolidated Schedule of Investments), of inputs used to value the Fund's derivatives as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Futures<sup>@</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Liabilities | $(150024902)<br>| $— | $— | $(150024902)<br>|
| Swaps |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Liabilities |  | (31638049)<br>|  | (31638049)<br>|
| Options Written |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Liabilities | (5716305)<br>|  |  | (5716305)<br>|
| **Total** | **$(155741207)**<br>| **$(31638049)**<br>| **$—** | **$(187379256)**<br>|

---

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

@ Futures are reported at the cumulative unrealized appreciation/(depreciation) of the instrument.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Consolidated Schedule of Investments

------

Notes to Consolidated Schedule of Investments Long Short Fund (Unaudited)

In accordance with Accounting Standards Codification 820 "Fair Value Measurement" ("ASC 820"), all investments held by Neuberger Berman Long Short Fund (the "Fund") are carried at the value that Management believes the Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Fund's investments, some of which are discussed below. At times, Management may need to apply significant judgment to value investments in accordance with ASC 820.

ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – unadjusted quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.

The value of the Fund's investments (long and short positions) in equity securities, preferred stocks, master limited partnerships and limited partnerships, and exchange-traded options purchased and written, for which market quotations are readily available, is generally determined by Management by obtaining valuations from independent pricing services based on the latest sale price quoted on a principal exchange or market for that security (Level 1 inputs). Securities traded primarily on the NASDAQ Stock Market are normally valued at the NASDAQ Official Closing Price ("NOCP") provided by NASDAQ each business day. The NOCP is the most recently reported price as of 4:00:02 p.m., Eastern Time, unless that price is outside the range of the "inside" bid and asked prices (i.e., the bid and asked prices that dealers quote to each other when trading for their own accounts); in that case, NASDAQ will adjust the price to equal the inside bid or asked price, whichever is closer. Because of delays in reporting trades, the NOCP may not be based on the price of the last trade to occur before the market closes. If there is no sale of a security on a particular day, the independent pricing services may value the security based on market quotations.

The value of the Fund's investments for long and short positions in debt securities is determined by Management primarily by obtaining valuations from independent pricing services based on bid or offer quotations, respectively, or if quotations are not available, by methods that include various considerations based on security type (generally Level 2 inputs). In addition to the consideration of yields or prices of securities of comparable quality, coupon, maturity and type, indications as to values from dealers, and general market conditions, the following is a description of other Level 2 inputs and related valuation techniques used by independent pricing services to value certain types of debt securities held by the Fund:

*Corporate Bonds.* Inputs used to value corporate debt securities generally include relevant credit information, observed market movements, sector news, U.S. Treasury yield curve or relevant benchmark curve, and other market information, which may include benchmark yield curves, reported trades, broker-dealer quotes, issuer spreads, comparable securities, and reference data, such as market research publications, when available ("Other Market Information").

*Convertible Bonds*. Inputs used to value convertible bonds generally include underlying stock data, conversion rates, credit-specific details, relevant listed bond and preferred stock prices and Other Market Information.

For information on the Fund's significant accounting policies, please refer to the Fund's most recent financial statements and other information reports.

------

Notes to Consolidated Schedule of Investments Long Short Fund (Unaudited) (cont'd)

*High Yield Securities.* Inputs used to value high yield securities generally include a number of observations of equity and credit default swap curves related to the issuer and Other Market Information.

The value of loan assignments is determined by Management primarily by obtaining valuations from independent pricing services based on broker quotes (generally Level 2 or Level 3 inputs depending on the number of quotes available).

The value of futures contracts is determined by Management by obtaining valuations from independent pricing services at the settlement price at the market close (Level 1 inputs).

The value of total return basket swaps is determined by Management by obtaining valuations from independent pricing services using the underlying asset and stated benchmark interest rate (Level 2 inputs).

Management has developed a process to periodically review information provided by independent pricing services for all types of securities.

Investments in non-exchange traded investment companies are valued using the respective fund's daily calculated net asset value per share (Level 2 inputs), when available.

If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount the Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not available, the security is valued using methods Management has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Trustees designated Management as the Fund's valuation designee. As the Fund's valuation designee, Management is responsible for determining fair value in good faith for all Fund investments. Inputs and assumptions considered in determining fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of security; the initial cost of the security; the existence of any contractual restrictions on the security's disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers or pricing services; information obtained from the issuer and analysts; an analysis of the company's or issuer's financial statements; an evaluation of the inputs that influence the issuer and the market(s) in which the security is purchased and sold.

The value of the Fund's investments in foreign securities is generally determined using the same valuation methods and inputs as other Fund investments, as discussed above. Foreign security prices expressed in local currency values are normally translated from the local currency into U.S. dollars using the exchange rates as of 4:00 p.m., Eastern Time, on days the New York Stock Exchange is open for business. Management has approved the use of ICE Data Services ("ICE") to assist in determining the fair value of foreign equity securities when changes in the value of a certain index suggest that the closing prices on the foreign exchanges may no longer represent the amount that the Fund could expect to receive for those securities or when foreign markets are closed and U.S. markets are open. In each of these events, ICE will provide adjusted prices for certain foreign equity securities using a statistical analysis of historical correlations of multiple factors (Level 2 inputs). Management has also approved the use of ICE to evaluate the prices of foreign debt securities as of the time at which the Fund's share price is calculated. ICE utilizes benchmark spread and yield curves and evaluates available market activity from the local close to the time as of which the Fund's share price is calculated (Level 2 inputs) to assist in determining prices for certain foreign debt securities. In the case of both foreign equity and foreign debt securities, in the absence of precise information about the market values of these foreign securities as of the time at which the Fund's share price is calculated, Management has determined based on available data that prices adjusted or evaluated in this way are likely to be closer to the prices the Fund could realize on a current sale than the prices of those securities established at the close of the foreign markets in which the securities primarily trade.

For information on the Fund's significant accounting policies, please refer to the Fund's most recent financial statements and other information reports.

------

Notes to Consolidated Schedule of Investments Long Short Fund (Unaudited) (cont'd)

Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or traded.

To facilitate compliance with certain requirements necessary to maintain its status as a regulated investment company, the Fund formed NB A24 Long Short Blocker LLC (the "Blocker"), a Delaware limited liability company, to hold interests in certain private placements. The Blocker is a wholly owned subsidiary of the Fund.

As of July 31, 2025, the value of the Fund's investment in the Blocker was as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **Investment in** <br>**Blocker**<br>| &nbsp;&nbsp;&nbsp; **Percentage of** <br>**Net Assets**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; $5701451 | &nbsp;&nbsp;&nbsp;&nbsp; 0.1<br> %<br>|

---

For information on the Fund's significant accounting policies, please refer to the Fund's most recent financial statements and other information reports.

------

Notes to Consolidated Schedule of Investments Long Short Fund (Unaudited) (cont'd)

Legend

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

---

| | |
|:---|:---|
| **Counterparties:** | **Counterparties:** |
| GSI | = Goldman Sachs International |
| JPM | = JPMorgan Chase Bank N.A. |
| **Index Periods/Payment Frequencies:** | **Index Periods/Payment Frequencies:** |
| 1M | = 1 Month |
| T | = Termination |
| **Other Abbreviations:** | **Other Abbreviations:** |
| ADR | = American Depositary Receipt |
| Management | = Neuberger Berman Investment Advisers LLC |
| **Reference Rate Benchmarks:** | **Reference Rate Benchmarks:** |
| OBFR | = United States Overnight Bank Funding Rate |
| SOFR | = Secured Overnight Financing Rate |

---

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

---

| | |
|:---|:---|
| **Currency Abbreviations:** | **Currency Abbreviations:** |
| USD | = United States Dollar |

---

For information on the Fund's significant accounting policies, please refer to the Fund's most recent financial statements and other information.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NEUBERGER BERMAN ALTERNATIVE FUNDS

- **b. Investment Company Act file number:** 811-21715

- **c. CIK number of Registrant:** 0001317474

- **d. LEI of Registrant:** 549300O1DN1L4W2HMC23

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

  - **Street Address 1:** 1290 AVENUE OF THE AMERICAS

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10104

  - **Telephone number:** 212-476-8800

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

- **a. Name of Series:** Neuberger Berman Long Short Fund

- **b. EDGAR series identifier (if any):** S000035446

- **c. LEI of Series:** 549300UFVFMPQHUEVQ03

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $8613955329.29

**Total Liabilities:** $1067701342.51

**Net Assets:** $7546253986.78

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000108850 | 2.20%                | 0.68%                | 1.25%                |
| Class ID C000108852 | 2.22%                | 0.72%                | 1.28%                |
| Class ID C000108851 | 2.08%                | 0.66%                | 1.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3903412.88              | $302611258.52                              |
| Month 2  | $-27467451.74            | $214374671.15                              |
| Month 3  | $12093083.62             | $135960118.28                              |

**Designated Index Information**

- **Index Name:** S&P 500

- **Index Identifier:** SPXTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Best Buy Co Inc                         | Best Buy Co Inc                                                             | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Short            | EC               | CORP              | US        |   -142295 | NS      | $-9257712.70   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                         | WW Grainger Inc                                                             | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Short            | EC               | CORP              | US        |    -14160 | NS      | $-14719886.40  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| DATABRICKS INC SERIES F                 | DATABRICKS INC SERIES F                                                     | CUSIP: 000000000<br>LEI: 984500FEDAC7FBD96273 | Long             | EP               | CORP              | US        |     12624 | NS      | $1167720.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Onestream Inc                           | Onestream Inc                                                               | CUSIP: 68278B107<br>LEI: 254900CRBCHIYDC37W82 | Long             | EC               | CORP              | US        |   1177944 | NS      | $28093964.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                          | Salesforce Inc                                                              | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    300446 | NS      | $77614215.18   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DATABRICKS INC SERIES B                 | DATABRICKS INC SERIES B                                                     | CUSIP: 000000000<br>LEI: 984500FEDAC7FBD96273 | Long             | EP               | CORP              | US        |        38 | NS      | $3515.00       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Robert Half Inc                         | Robert Half Inc                                                             | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Short            | EC               | CORP              | US        |   -154120 | NS      | $-5688569.20   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                     | Gilead Sciences Inc                                                         | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Short            | EC               | CORP              | US        |   -101742 | NS      | $-11424609.18  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                    | Waystar Holding Corp                                                        | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2120285 | NS      | $78408139.30   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                             | Vistra Corp                                                                 | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     19424 | NS      | $4050680.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                | MSCI Inc                                                                    | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     38101 | NS      | $21388377.36   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc              | Chipotle Mexican Grill Inc                                                  | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    350095 | NS      | $15012073.60   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGNIFYD INC SERIES SEED                | SIGNIFYD INC SERIES SEED                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    180619 | NS      | $1074683.05    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CYBEREASON SERIES F PREFERRED           | CYBEREASON SERIES F PREFERRED                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    959038 | NS      | $479519.00     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                     | EQUITYTRS--USD-SOFR-COMPOUND-20260907                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |  14724543 | OU      | $-5376813.74   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Mondelez International Inc              | Mondelez International Inc                                                  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    244099 | NS      | $15790764.31   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                      | Union Pacific Corp                                                          | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    277076 | NS      | $61502559.72   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NIQ Global Intelligence Plc             | NIQ Global Intelligence Plc                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    634200 | NS      | $11694648.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                         | McDonald's Corp                                                             | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |    305522 | NS      | $91677986.54   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                  | UnitedHealth Group Inc                                                      | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    118061 | NS      | $29463303.16   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc         | Philip Morris International Inc                                             | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    477443 | NS      | $78324524.15   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemonade Inc                            | Lemonade Inc                                                                | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Short            | EC               | CORP              | US        |   -422934 | NS      | $-15936153.12  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp. Class A                  | Amphenol Corp                                                               | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |   1019490 | NS      | $108585879.90  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                        | Wells Fargo & Co                                                            | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   1417370 | NS      | $114282543.10  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DRUVA INC SER 4 PFD SHS                 | DRUVA INC SER 4 PFD SHS                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    658071 | NS      | $4632819.84    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NextEra Energy Inc                      | NextEra Energy Inc                                                          | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1255656 | NS      | $89226915.36   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                              | AbbVie Inc                                                                  | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    199737 | NS      | $37754287.74   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                      | nVent Electric PLC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |   1389869 | NS      | $108993526.98  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC                            | KKR & Co Inc                                                                | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |    481750 | NS      | $27676537.50   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Wipro Ltd                               | Wipro Ltd                                                                   | CUSIP: 97651M109<br>LEI: 335800IFS1IJHESG8362 | Short            | EC               | CORP              | IN        |   -770731 | NS      | $-2096388.32   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive Inc                    | Sonic Automotive Inc                                                        | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Short            | EC               | CORP              | US        |   -296358 | NS      | $-21441501.30  | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc            | Thermo Fisher Scientific Inc                                                | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     68661 | NS      | $32111376.48   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                   | Costco Wholesale Corp                                                       | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     22849 | NS      | $21469834.36   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                          | Cloudflare Inc                                                              | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     94319 | NS      | $19588169.92   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Asset Management Ltd         | Brookfield Asset Management Ltd                                             | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |    980212 | NS      | $60449674.04   | 0.80%             |  |  |  | No            |                  1 | On Loan: —       |
| Uber Technologies Inc                   | Uber Technologies Inc                                                       | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    574286 | NS      | $50393596.50   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DRUVA INC SER 5 PFD SHS                 | DRUVA INC SER 5 PFD SHS                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    480112 | NS      | $4277797.92    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NIKE Inc                                | NIKE Inc                                                                    | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    398816 | NS      | $29787567.04   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                               | Airbus SE                                                                   | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |    245678 | NS      | $49394805.18   | 0.65%             |  |  |  | No            |                  2 | 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        |   5997068 | NS      | $5997068.00    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Burlington Stores Inc                   | Burlington Stores Inc                                                       | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     65320 | NS      | $17829747.20   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                    | Williams Cos Inc/The                                                        | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    687604 | NS      | $41221859.80   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                             | HubSpot Inc                                                                 | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |    113160 | NS      | $58803594.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SAVAGE X FENTY PFD SERIES D             | SAVAGE X FENTY PFD SERIES D                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    288275 | NS      | $3407900.57    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Oracle Corp                             | Oracle Corp                                                                 | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Short            | EC               | CORP              | US        |    -38231 | NS      | $-9701880.87   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The    | PNC Financial Services Group Inc/The                                        | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |    193755 | NS      | $36865763.85   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TWITTER INC                             | Twitter Inc Term Loan                                                       | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4987212 | PA      | $4855500.00    | 0.06%             | 2029-10-26      | Floating      | 10.96%                | No            |                  2 | On Loan: No      |
| Spotify Technology SA                   | Spotify Technology SA                                                       | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     51523 | NS      | $32281220.42   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAMMARLY SERIES 3 PFD                  | GRAMMARLY SERIES 3 PFD                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     55626 | NS      | $1493001.84    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TWITTER INC                             | Twitter Inc 2025 Fixed Term Loan                                            | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5000000 | PA      | $4844450.00    | 0.06%             | 2029-10-26      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                | Constellation Brands Inc                                                    | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Short            | EC               | CORP              | US        |   -108938 | NS      | $-18197003.52  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc                  | Darden Restaurants Inc                                                      | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Short            | EC               | CORP              | US        |    -18579 | NS      | $-3746826.93   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc               | Palantir Technologies Inc                                                   | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Short            | EC               | CORP              | US        |   -102382 | NS      | $-16212189.70  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports Inc                         | Amer Sports Inc                                                             | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Short            | EC               | CORP              | KY        |   -415845 | NS      | $-15610821.30  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| CYBEREASON SERIES H                     | CYBEREASON SERIES H                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    112176 | NS      | $194900.19     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ITT Inc                                 | ITT Inc                                                                     | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Short            | EC               | CORP              | US        |    -64650 | NS      | $-10987914.00  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| DATABRICKS INC SERIES C                 | DATABRICKS INC SERIES C                                                     | CUSIP: 000000000<br>LEI: 984500FEDAC7FBD96273 | Long             | EP               | CORP              | US        |      3106 | NS      | $287305.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PepsiCo Inc                             | PepsiCo Inc                                                                 | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    247853 | NS      | $34183885.76   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc                  | Hims & Hers Health Inc                                                      | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Short            | EC               | CORP              | US        |   -127860 | NS      | $-8461774.80   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings PLC                        | ARM Holdings PLC                                                            | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Short            | EC               | CORP              | GB        |   -113970 | NS      | $-16112508.75  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| GRAMMARLY SERIES A COMMON               | GRAMMARLY SERIES A COMMON                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    179381 | NS      | $2538241.15    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CME Group Inc                           | CME Group Inc                                                               | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    387837 | NS      | $107927280.36  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods Inc                       | Flowers Foods Inc                                                           | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Short            | EC               | CORP              | US        |   -432971 | NS      | $-6862590.35   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors            | State Street Institutional US Government Money Market Fund                  | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        | 226650048 | NS      | $226650048.47  | 3.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet, Inc. Class A                  | Alphabet Inc                                                                | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1340846 | NS      | $257308347.40  | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                     | LAMB WESTON HOLDINGS INC                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      1865 | NC      | $839250.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc             | Asbury Automotive Group Inc                                                 | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |    175822 | NS      | $39053582.64   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc. Class A                      | Visa Inc                                                                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    346006 | NS      | $119534692.82  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies Inc                   | SoFi Technologies Inc                                                       | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Short            | EC               | CORP              | US        |   -355362 | NS      | $-8024073.96   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co/The                      | J M Smucker Co/The                                                          | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Short            | EC               | CORP              | US        |    -56691 | NS      | $-6085211.94   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                         | ASML Holding NV                                                             | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     56887 | NS      | $39519967.77   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                             | Exelon Corp                                                                 | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Short            | EC               | CORP              | US        |   -543961 | NS      | $-24445607.34  | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                  | Boston Scientific Corp                                                      | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    944367 | NS      | $99082985.64   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                 | Bristol-Myers Squibb Co                                                     | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Short            | EC               | CORP              | US        |    -75436 | NS      | $-3267133.16   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The             | Goldman Sachs Group Inc/The                                                 | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Short            | EC               | CORP              | US        |    -40752 | NS      | $-29487739.68  | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| CELEBRATION BIDCO HOLDINGS LLC          | CELEBRATION BIDCO HOLDINGS LLC                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2041517 | NS      | $25518962.50   | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| First Watch Restaurant Group Inc        | First Watch Restaurant Group Inc                                            | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1133252 | NS      | $19593927.08   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc              | Floor & Decor Holdings Inc                                                  | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Short            | EC               | CORP              | US        |   -175871 | NS      | $-13478753.44  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                         | Murphy Oil Corp                                                             | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Short            | EC               | CORP              | US        |   -877771 | NS      | $-21777498.51  | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| FANATICS HOLDINGS INC CLASS A           | FANATICS HOLDINGS INC CLASS A                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2026590 | NS      | $139246998.90  | 1.85%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Procter & Gamble Co/The                 | Procter & Gamble Co/The                                                     | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    254060 | NS      | $38228408.20   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCTIC WOLF NETWORKS INC                | ARCTIC WOLF NETWORKS INC                                                    | CUSIP: 03968T100<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     19850 | PA      | $25805000.00   | 0.34%             | 2099-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Omnicom Group Inc                       | Omnicom Group Inc                                                           | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Short            | EC               | CORP              | US        |   -236419 | NS      | $-17033988.95  | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| VIDEOAMP SERIES F 1 PFD                 | VIDEOAMP SERIES F 1 PFD                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    325371 | NS      | $5135005.12    | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                     | NASDAQ 100 E-MINI SEP25                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1132 | NC      | $-33860232.11  | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                        | EPAM Systems Inc                                                            | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Short            | EC               | CORP              | US        |    -42279 | NS      | $-6667821.09   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                             | Workday Inc                                                                 | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |    316104 | NS      | $72507935.52   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                             | CDW Corp/DE                                                                 | CUSIP: 12514G108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    205057 | NS      | $35757839.66   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                          | Microsoft Corp                                                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    814602 | NS      | $434590167.00  | 5.76%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                     | JPMORGAN CHASE + CO                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      -966 | NC      | $-5716305.00   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                      | Trade Desk Inc/The                                                          | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |    677280 | NS      | $58896268.80   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DATABRICKS INC SERIES H                 | DATABRICKS INC SERIES H                                                     | CUSIP: 000000000<br>LEI: 984500FEDAC7FBD96273 | Long             | EP               | CORP              | US        |       369 | NS      | $34132.50      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DATABRICKS INC SERIES G                 | DATABRICKS INC SERIES G                                                     | CUSIP: 000000000<br>LEI: 984500FEDAC7FBD96273 | Long             | EP               | CORP              | US        |       153 | NS      | $14152.50      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Constellation Energy Corp               | Constellation Energy Corp                                                   | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     11467 | NS      | $3988681.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                | Adyen NV                                                                    | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      8623 | NS      | $14789743.57   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                             | NVIDIA Corp                                                                 | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   1851869 | NS      | $329391939.03  | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                            | Chevron Corp                                                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    578403 | NS      | $87709030.92   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweetgreen Inc                          | Sweetgreen Inc                                                              | CUSIP: 87043Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    286207 | NS      | $3686346.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                    | Waste Management Inc                                                        | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |    337300 | NS      | $77295668.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc                     | Payoneer Global Inc                                                         | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Short            | EC               | CORP              | US        |   -661959 | NS      | $-4349070.63   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                     | S+P500 EMINI FUT SEP25                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     -7053 | NC      | $-116369469.11 | -1.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                 | Illinois Tool Works Inc                                                     | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Short            | EC               | CORP              | US        |    -75772 | NS      | $-19395358.84  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                         | Cigna Group/The                                                             | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     80576 | NS      | $21544410.88   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc                | Lennox International Inc                                                    | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Short            | EC               | CORP              | US        |    -12041 | NS      | $-7332969.00   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                   | CyberArk Software Ltd                                                       | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     51092 | NS      | $21022825.24   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                      | Walt Disney Co/The                                                          | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    122062 | NS      | $14538804.82   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                             | Walmart Inc                                                                 | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    823434 | NS      | $80680063.32   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc            | FactSet Research Systems Inc                                                | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Short            | EC               | CORP              | US        |    -50348 | NS      | $-20285209.20  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Partners LP   | Brookfield Infrastructure Partners LP                                       | CUSIP: 000000000<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EC               | CORP              | BM        |   3074131 | NS      | $95912887.20   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Celebration Bidco LLC                   | Celebration Bidco LLC Term Loan                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  11247854 | PA      | $11430631.72   | 0.15%             | 2028-12-29      | Floating      | 12.30%                | Yes           |                  3 | On Loan: No      |
| ARCTIC WOLF NETWORKS INC COMMO          | ARCTIC WOLF NETWORKS INC COMMO                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    359091 | NS      | $4055214.66    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Progressive Corp/The                    | Progressive Corp/The                                                        | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Short            | EC               | CORP              | US        |   -147804 | NS      | $-35774480.16  | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc                | Baxter International Inc                                                    | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Short            | EC               | CORP              | US        |   -395685 | NS      | $-8610105.60   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp     | Cognizant Technology Solutions Corp                                         | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Short            | EC               | CORP              | US        |    -45544 | NS      | $-3268237.44   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| SAVAGE X FENTY PFD SERIES C 1           | SAVAGE X FENTY PFD SERIES C 1                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     22208 | NS      | $53416.90      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TJX Cos Inc/The                         | TJX Cos Inc/The                                                             | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    893285 | NS      | $111240781.05  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                | Lamb Weston Holdings Inc                                                    | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |    375996 | NS      | $21458091.72   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Legalzoom.com Inc                       | Legalzoom.com Inc                                                           | CUSIP: 52466B103<br>LEI: 5493000L8EBF74Y9JZ48 | Short            | EC               | CORP              | US        |  -1593032 | NS      | $-14321357.68  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                             | Netflix Inc                                                                 | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     71736 | NS      | $83170718.40   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS PRIME BROKER EUR          | GOLDMAN SACHS PRIME BROKER EUR                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | EE        |         1 | NS      | $1.08          | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| A24 FILMS LLC PREFERRED UNITS           | A24 FILMS LLC PREFERRED UNITS                                               | CUSIP: 000000000<br>LEI: 549300SAXRIY3Y3HIL24 | Long             | EC               | CORP              | US        |     39203 | NS      | $5741992.84    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Mastercard Inc                          | Mastercard Inc                                                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    221007 | NS      | $125193835.29  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                            | Broadcom Inc                                                                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    580367 | NS      | $170453787.90  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                    | Edison International                                                        | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Short            | EC               | CORP              | US        |   -138079 | NS      | $-7196677.48   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                      | Home Depot Inc/The                                                          | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    384360 | NS      | $141256143.60  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp                     | Alliant Energy Corp                                                         | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    284815 | NS      | $18515823.15   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                             | Gartner Inc                                                                 | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Short            | EC               | CORP              | US        |    -91414 | NS      | $-30957351.10  | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc/The              | Cheesecake Factory Inc/The                                                  | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Short            | EC               | CORP              | US        |   -262306 | NS      | $-16763976.46  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc                    | Jacobs Solutions Inc                                                        | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    611718 | NS      | $86784432.66   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                     | Abbott Laboratories                                                         | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    474045 | NS      | $59819738.55   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                         | TXNM Energy Inc                                                             | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |    211646 | NS      | $12019376.34   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                         | Match Group Inc                                                             | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |   2711040 | NS      | $92907340.80   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                 | SBA Communications Corp                                                     | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |     66369 | NS      | $14914441.68   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                       | General Mills Inc                                                           | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Short            | EC               | CORP              | US        |    -67744 | NS      | $-3318101.12   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc                | Super Micro Computer Inc                                                    | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Short            | EC               | CORP              | US        |   -213963 | NS      | $-12617398.11  | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| DATABRICKS INC SERIES E                 | DATABRICKS INC SERIES E                                                     | CUSIP: 000000000<br>LEI: 984500FEDAC7FBD96273 | Long             | EP               | CORP              | US        |     24642 | NS      | $2279385.00    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Datadog Inc                             | Datadog Inc                                                                 | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Short            | EC               | CORP              | US        |   -148563 | NS      | $-20795848.74  | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                          | ServiceNow Inc                                                              | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     80950 | NS      | $76345564.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                  | CenterPoint Energy Inc                                                      | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |   3519505 | NS      | $136627184.10  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Sushi USA Inc                      | Kura Sushi USA Inc                                                          | CUSIP: 501270102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -117438 | NS      | $-10304010.12  | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                        | FirstEnergy Corp                                                            | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |   2220880 | NS      | $94853784.80   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                     | General Electric Co                                                         | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    259443 | NS      | $70329808.44   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                              | CarMax Inc                                                                  | CUSIP: 143130102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -205929 | NS      | $-11657640.69  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                      | Analog Devices Inc                                                          | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    202673 | NS      | $45526435.99   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Facebook, Inc. Class A                  | Meta Platforms Inc                                                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    312243 | NS      | $241501225.92  | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corp | Science Applications International Corp                                     | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Short            | EC               | CORP              | US        |    -32065 | NS      | $-3574606.20   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                  | Church & Dwight Co Inc                                                      | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Short            | EC               | CORP              | US        |   -185265 | NS      | $-17372299.05  | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| SIGNIFYD INC SERIES A PREFERRE          | SIGNIFYD INC SERIES A PREFERRE                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     78686 | NS      | $470542.28     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KKR & Co Inc                            | KKR & Co Inc                                                                | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |    323591 | NS      | $47431968.78   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DATABRICKS INC SERIES D                 | DATABRICKS INC SERIES D                                                     | CUSIP: 000000000<br>LEI: 984500FEDAC7FBD96273 | Long             | EP               | CORP              | US        |     63814 | NS      | $5902795.00    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Avery Dennison Corp                     | Avery Dennison Corp                                                         | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |    324133 | NS      | $54379793.41   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                | Crowdstrike Holdings Inc                                                    | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     70117 | NS      | $31873084.69   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                 | Consolidated Edison Inc                                                     | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Short            | EC               | CORP              | US        |   -375837 | NS      | $-38899129.50  | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                   | Texas Instruments Inc                                                       | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Short            | EC               | CORP              | US        |    -35221 | NS      | $-6377114.26   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| FABLETICS SERIES G PFD STOCK            | FABLETICS SERIES G PFD STOCK                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     23000 | NS      | $26454600.00   | 0.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ANA INTL/ANA HOLD                       | Anagram Holdings LLC/Anagram International Inc                              | CUSIP: 03254TAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19084979 | PA      | $0.00          | 0.00%             | 2026-08-15      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Zimmer Biomet Holdings Inc              | Zimmer Biomet Holdings Inc                                                  | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Short            | EC               | CORP              | US        |   -117576 | NS      | $-10775840.40  | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                             | Infosys Ltd                                                                 | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Short            | EC               | CORP              | IN        |   -404913 | NS      | $-6770145.36   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                         | Caterpillar Inc                                                             | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     54222 | NS      | $23750320.44   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                              | Airbnb Inc                                                                  | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Short            | EC               | CORP              | US        |    -26950 | NS      | $-3568449.50   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                     | EQUITYTRS--USD-OVERNIGHT BANK FUNDING RATE-20260121                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        | 102801562 | OU      | $-26261234.79  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| Comcast Corp                            | Comcast Corp                                                                | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Short            | EC               | CORP              | US        |   -398282 | NS      | $-13234910.86  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                     | Leidos Holdings Inc                                                         | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Short            | EC               | CORP              | US        |    -22884 | NS      | $-3653430.60   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP                       | Hess Midstream LP                                                           | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    770345 | NS      | $33533117.85   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                            | Synopsys Inc                                                                | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |    201413 | NS      | $127589093.11  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                         | Southern Co/The                                                             | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Short            | EC               | CORP              | US        |   -185520 | NS      | $-17527929.60  | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                               | Apple Inc                                                                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   1533540 | NS      | $318316897.80  | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                    | Lamar Advertising Co                                                        | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Short            | EC               |  | US        |   -281590 | NS      | $-34424377.50  | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands International Inc     | Restaurant Brands International Inc                                         | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Short            | EC               | CORP              | CA        |   -224848 | NS      | $-15258185.28  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                             | Genpact Ltd                                                                 | CUSIP: 000000000<br>LEI: 529900OSEC6Q0L4L5B35 | Short            | EC               | CORP              | BM        |   -266258 | NS      | $-11728664.90  | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                               | Chewy Inc                                                                   | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |   1150199 | NS      | $42212303.30   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners LP         | Enterprise Products Partners LP                                             | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             |  |  | US        |   3537916 | NS      | $109640016.84  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| indie Semiconductor Inc                 | indie Semiconductor Inc                                                     | CUSIP: 45569U101<br>LEI: 254900L1MFXFYGB1PV53 | Long             | EC               | CORP              | US        |   3216011 | NS      | $12574603.01   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Venture Global Inc                      | Venture Global Inc                                                          | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Short            | EC               | CORP              | US        |   -920935 | NS      | $-14117933.55  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                             | Equifax Inc                                                                 | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |    305470 | NS      | $73383058.10   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co                  | Columbia Sportswear Co                                                      | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Short            | EC               | CORP              | US        |   -130792 | NS      | $-7398903.44   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc                 | ExlService Holdings Inc                                                     | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Short            | EC               | CORP              | US        |   -387275 | NS      | $-16819353.25  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                | Fox Corp                                                                    | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Short            | EC               | CORP              | US        |   -359764 | NS      | $-20060440.64  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Accelerant Holdings                     | Accelerant Holdings                                                         | CUSIP: 000000000<br>LEI: 213800VS4CX9ZONTD965 | Long             | EC               | CORP              | KY        |    259700 | NS      | $7152138.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                            | Freshpet Inc                                                                | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |    161079 | NS      | $11004917.28   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Nova Scotia/The                 | Bank of Nova Scotia/The                                                     | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Short            | EC               | CORP              | CA        |   -229812 | NS      | $-12779845.32  | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                    | Keurig Dr Pepper Inc                                                        | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    673430 | NS      | $21987489.50   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CELEBRATION BIDCO LLC                   | Celebration Bidco LLC 2025 Incremental Term Loan                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2112767 | PA      | $2147099.16    | 0.03%             | 2028-12-29      | Floating      | 12.31%                | Yes           |                  3 | On Loan: No      |
| Somnigroup International Inc            | Somnigroup International Inc                                                | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Short            | EC               | CORP              | US        |   -260381 | NS      | $-18846376.78  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                             | Equinix Inc                                                                 | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |     88732 | NS      | $69669704.44   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos Inc/The        | Interpublic Group of Cos Inc/The                                            | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Short            | EC               | CORP              | US        |  -1130676 | NS      | $-27814629.60  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                          | S&P Global Inc                                                              | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    169992 | NS      | $93682591.20   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                          | Eli Lilly & Co                                                              | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     53303 | NS      | $39447951.21   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                     | JPMorgan Chase & Co                                                         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    474651 | NS      | $140610612.24  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                          | Amazon.com Inc                                                              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   1496344 | NS      | $350309093.84  | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS PRIME BROKER CAD          | GOLDMAN SACHS PRIME BROKER CAD                                              | CUSIP: 927HZH909<br>LEI: N/A                  | Short            | STIV             | CORP              | CA        |   -252793 | NS      | $-182443.13    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc          | JB Hunt Transport Services Inc                                              | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Short            | EC               | CORP              | US        |    -52900 | NS      | $-7620245.00   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc               | Warner Bros Discovery Inc                                                   | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Short            | EC               | CORP              | US        |   -681486 | NS      | $-8975170.62   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| CANVA INC COMMON A RESTRICTED           | CANVA INC COMMON A RESTRICTED                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14063 | NS      | $20099402.12   | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| State Street Global Advisors            | State Street Institutional U.S. Government Money Market Fund                | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  10780465 | NS      | $10780465.26   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Globant SA                              | Globant SA                                                                  | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Short            | EC               | CORP              | LU        |    -37574 | NS      | $-3165985.24   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

**Name of Applicant:** NEUBERGER BERMAN ALTERNATIVE FUNDS

**Signature:** John McGovern

**Name of Signer:** John McGovern

**Title:** Treasurer