# EDGAR Filing Document

**Accession Number:** 0000778206
**File Stem:** 0001387131-23-001868
**Filing Date:** 2023-2
**Character Count:** 251581
**Document Hash:** 7ddb58546408408e701c7fc03c3aaeed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-001868.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001387131-23-001868

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SHELTON FUNDS
- **CENTRAL INDEX KEY:** 0000778206
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04417
- **FILM NUMBER:** 23616295

**BUSINESS ADDRESS:**
- **STREET 1:** 1875 LAWRENCE STREET
- **STREET 2:** SUITE 300
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202-1805
- **BUSINESS PHONE:** 4153982727

**MAIL ADDRESS:**
- **STREET 1:** 1875 LAWRENCE STREET
- **STREET 2:** SUITE 300
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202-1805

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA INVESTMENT TRUST I
- **DATE OF NAME CHANGE:** 19870115

## Series and Classes Contracts Data

### S&P MidCap Index Fund (Series ID: S000016023)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044031 | Investor Shares | SPMIX           |
| C000044032 | K Shares        | MIDKX           |

## Nport-Ex

**Green CALIFORNIA TAX FREE INCOME FUND** 

**Portfolio of Investments (Unaudited)** 

**November 30, 2022** 

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **Par Value** | **Value** |
| **Municipal Bonds (92.85%)** |  |  |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY |  |  |
| California Educational Facilities Authority, 5.000%, 4/1/2051 | $1500000 | $1772867 |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY |  |  |
| California Health Facilities Financing Authority, 5.000%, 11/1/2027 | 1700000 | 1889421 |
| CALIFORNIA HOUSING FINANCE AGENCY |  |  |
| California Housing Finance Agency, 4.000%, 3/20/2033 | 357677 | 347173 |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK |  |  |
| California Infrastructure & Economic Development Bank, 5.000%, 10/1/2033 | 1200000 | 1287178 |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY |  |  |
| California Municipal Finance Authority, 5.000%, 5/15/2038 | 800000 | 808596 |
| California Municipal Finance Authority, 5.000%, 10/1/2044 | 480000 | 505193 |
| CITY OF LOS ANGELES CA WASTEWATER SYSTEM REVENUE |  |  |
| City of Los Angeles CA Wastewater System Revenue, 5.000%, 6/1/2044 | 500000 | 517060 |
| City of Los Angeles CA Wastewater System Revenue, 5.250%, 6/1/2047 | 1500000 | 1603958 |
| CITY OF ROSEVILLE CA ELECTRIC SYSTEM REVENUE |  |  |
| City of Roseville CA Electric System Revenue, 5.000%, 2/1/2025 | 750000 | 762420 |
| CITY OF SAN FRANCISCO CA PUBLIC UTILITIES COMMISSION WATER REVENUE |  |  |
| City of San Francisco CA Public Utilities Commission Water Revenue, 5.000%, 11/1/2034 | 1000000 | 1090942 |
| EAST BAY MUNICIPAL UTILITY DISTRICT WATER SYSTEM REVENUE |  |  |
| East Bay Municipal Utility District Water System Revenue, 5.000%, 6/1/2026 | 2050000 | 2171344 |
| East Bay Municipal Utility District Water System Revenue, 5.000%, 6/1/2032 | 150000 | 164950 |
| EAST SIDE UNION HIGH SCHOOL DISTRICT |  |  |
| East Side Union High School District, 5.250%, 9/1/2023 | 975000 | 994738 |
| FOOTHIL-DE ANZA COMMUNITY COLLEGE DISTRICT |  |  |
| Foothill-De Anza Community College District, 0.000%, 8/1/2027 | 2000000 | 1739133 |
| LA MIRADA REDEVELOPMENT AGENCY SUCCESSOR AGENCY |  |  |
| La Mirada Redevelopment Agency Successor Agency, 5.000%, 8/15/2023 | 1000000 | 1016191 |
| LOS ANGELES COMMUNITY COLLEGE DISTRICT/CA |  |  |
| Los Angeles Community College District/CA, 5.000%, 8/1/2028 | 865000 | 900940 |
| LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAXE REVENUE |  |  |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue, 4.000%, 7/1/2028 | 500000 | 516576 |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue, 5.000%, 7/1/2023 | 1500000 | 1522731 |
| LOS RIOS COMMUNITY COLLEGE DISTRICT |  |  |
| Los Rios Community College District, 5.000%, 8/1/2032 | 2500000 | 2539237 |
| MILPITAS UNIFIED SCHOOL DISTRICT/CA |  |  |
| Milpitas Unified School District/CA, 3.000%, 8/1/2034 | 2000000 | 1881655 |
| MOUNT SAN ANTONIO COMMUNITY COLLEGE DISTRICT |  |  |
| Mount San Antonio Community College District, 5.000%, 8/1/2034 | 345000 | 350828 |
| PENINSULA CORRIDOR JOINT POWERS BOARD/CA |  |  |
| Peninsula Corridor Joint Powers Board/CA, 5.000%, 6/1/2036 | 200000 | 227820 |
| PORT OF LOS ANGELES |  |  |
| Port of Los Angeles, 4.000%, 8/1/2023 | 290000 | 293060 |
| SACRAMENTO MUNICIPAL UTILITY DISTRICT |  |  |
| Sacramento Municipal Utility District, 5.250%, 7/1/2024 | 525000 | 540241 |
| SAN DIEGO COMMUNITY COLLEGE DISTRICT |  |  |
| San Diego Community College District, 5.000%, 8/1/2027 | 1175000 | 1195475 |

---

---

| | | |
|:---|:---|:---|
| SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT |  |  |
| San Francisco Bay Area Rapid Transit District, 4.000%, 8/1/2034 | 645000.0 | 670348 |
| San Francisco Bay Area Rapid Transit District, 5.000%, 8/1/2036 | 2300000.0 | 2492230 |
| SAN FRANCISO CITY & COUNTY PUBLIC UTILITIES COMMISSION POWER REVENUE |  |  |
| San Francisco City & County Public Utilities Commission Power Revenue, 5.000%, 11/1/2030 | 680000.0 | 718904 |
| San Francisco City & County Public Utilities Commission Power Revenue, 5.000%, 11/1/2036 | 1170000.0 | 1224467 |
| SAN MATEO FOSTER CITY PUBLIC FINANCING AUTHORITY |  |  |
| San Mateo Foster City Public Financing Authority, 4.000%, 8/1/2044 | 2000000.0 | 1966023 |
| SANTA CLARA VALLEY TRANSPORTATION AUTHORITY |  |  |
| Santa Clara Valley Transportation Authority, 5.000%, 4/1/2034 | 1000000.0 | 1055600 |
| SANTA MARIA JOINT UNION HIGH SCHOOL DISTRICT |  |  |
| Santa Maria Joint Union High School District, 0.000%, 8/1/2029 | 2500000.0 | 2011774 |
| STATE OF CALIFORNIA |  |  |
| State of California, 3.000%, 10/1/2028 | 900000.0 | 902191 |
| TURLOCK IRRIGATION DISTRICT |  |  |
| Turlock Irrigation District, 5.000%, 1/1/2036 | 300000.0 | 333737 |
| UNIVERSITY OF CALIFORNIA |  |  |
| University of California, 5.000%, 5/15/2029 | 925000.0 | 957161 |
| WALNUT VALLEY UNIFIED SCHOOL DISTRICT |  |  |
| Walnut Valley Unified School District, 5.000%, 8/1/2036 | 835000.0 | 958133 |
| WILLIAM S HART UNION HIGH SCHOOL DISTRICT |  |  |
| William S Hart Union High School District, 0.000%, 9/1/2029 | 3595000.0 | 2919561 |
| **Total Municipal Bonds (Cost $43,465,531)** |  | 42849856 |
| **Variable Rate Demand Notes\* (6.07%)** |  |  |
| Los Angeles Department of Water & Power Water System Revenue, 0.600%, 7/1/2045<sup>\*,\*\*,\*\*\*</sup> | 1000000.0 | 1000000 |
| Orange County Water District, 1.460%, 8/1/2042<sup>\*,\*\*,\*\*\*</sup> | 1500000.0 | 1500000 |
| Santa Clara Valley Transportation Authority, 0.700%, 4/1/2036<sup>\*,\*\*,\*\*\*</sup> | 300000.0 | 300000 |
| **Total Variable Rate Demand Notes (Cost $2,800,000)** |  | 2800000 |
| **Total Investments (Cost $46,265,531) (98.92%)** |  | $45649856 |
| **Other Net Assets (1.08%)** |  | 500057 |
| **Net Assets (100.00%)** |  | $46149913 |

---

\* Stated maturity reflects next reset date.

\*\* In accordance with the offering documents, daily interest rates are determined by the Remarketing Agents.

\*\*\* Rate Effective as of November 30, 2022

**U.S. GOVERNMENT SECURITIES FUND** 

**Portfolio of Investments (Unaudited)** 

**November 30, 2022** 

---

| | | |
|:---|:---|:---|
| **Security Description** | **Par Value** | **Value** |
| **Government National Mortgage Association (2.11%)** |  |  |
| 3.500%, 11/20/2044 | 105794 | $99859 |
| 5.000%, 3/15/2038 | 81936 | 83363 |
| 5.500%, 1/15/2025 | 7730 | 7888 |
| 5.500%, 4/15/2036 | 57299 | 58579 |
| 6.000%, 1/15/2026 | 40549 | 42720 |
| 6.000%, 6/15/2038 | 27007 | 28603 |
| **Total Government National Mortgage Association (Cost $323,443)** |  | 321012 |
| **United States Treasury Bonds (12.19%)** |  |  |
| 5.000%, 5/15/2037 | 500000 | 569102 |
| 6.000%, 2/15/2026 | 800000 | 845094 |
| 6.375%, 8/15/2027 | 400000 | 441438 |
| **Total United States Treasury Bonds (Cost $1,966,861)** |  | 1855634 |
| **United States Treasury Notes (76.79%)** |  |  |
| 2.000%, 2/15/2025 | 800000 | 761219 |
| 2.125%, 2/29/2024 | 1300000 | 1260441 |
| 2.125%, 5/15/2025 | 2200000 | 2091977 |
| 2.250%, 8/15/2027 | 3800000 | 3534442 |
| 2.375%, 4/30/2026 | 800000 | 757438 |
| 2.375%, 5/15/2029 | 500000 | 459004 |
| 2.500%, 8/15/2023 | 1700000 | 1673562 |
| 3.125%, 11/15/2028 | 1200000 | 1153406 |
| **Total United States Treasury Notes (Cost $12,527,749)** |  | 11691489 |
| **United States Treasury Bills (8.29%)** |  |  |
| 0.375%, 8/15/2024 | 500000 | 466289 |
| 0.625%, 7/31/2026 | 900000 | 796430 |
| **Total United States Treasury Bills (Cost $1,396,079)** |  | 1262719 |
| **Total Investments (Cost $16,214,132) (99.38%)** |  | $15130854 |
| **Other Net Assets (0.62%)** |  | 94162 |
| **Net Assets (100.00%)** |  | $15225016 |

---

**THE UNITED STATES TREASURY TRUST** 

**Portfolio of Investments (Unaudited)** 

**November 30, 2022** 

---

| | | |
|:---|:---|:---|
| **Security Description** | **Par Value** | **Value** |
| **United States Treasury Bills, DN<sup>(a)</sup> (99.51%)** |  |  |
| 12/1/2022 | $1500000 | $1500000 |
| 12/6/2022 | 2000000 | 1999033 |
| 12/8/2022 | 3700000 | 3697360 |
| 12/13/2022 | 2400000 | 2397640 |
| 12/20/2022 | 3800000 | 3793039 |
| 12/22/2022 | 1100000 | 1098451 |
| 01/19/2023 | 1400000 | 1394712 |
| 01/31/2023 | 1300000 | 1292128 |
| 02/2/2023 | 2200000 | 2187996 |
| 02/9/2023 | 2200000 | 2182461 |
| 03/7/2023 | 1500000 | 1483328 |
| **Total United States Treasury Bills, DN (Cost $23,026,148)** |  | 23026148 |
| **Total Investments (Cost $23,026,148) (99.51%)** |  | $23026148 |
| **Other Net Assets (0.49%)** |  | 113508 |
| **Net Assets (100.00%)** |  | $23139656 |

---

(a) Discount Note. Yield to maturity is between 3.11% - 4.36%.

**S&P 500 INDEX FUND** 

**Portfolio of Investments (Unaudited)** 

**November 30, 2022** 

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **Common Stock (103.08%)** |  |  |
| **Basic Materials (2.29%)** |  |  |
| Air Products and Chemicals Inc | 1404 | $435465 |
| Albemarle Corp | 729 | 202655 |
| CF Industries Holdings Inc | 1316 | 142378 |
| Celanese Corp | 763 | 81870 |
| Dow Inc | 4596 | 234258 |
| DuPont de Nemours Inc<sup>#</sup> | 3319 | 234023 |
| Eastman Chemical Co | 893 | 77352 |
| Ecolab Inc | 1564 | 234334 |
| FMC Corp | 795 | 103859 |
| Freeport-McMoRan Inc | 9035 | 359593 |
| International Flavors & Fragrances Inc<sup>#</sup> | 1613 | 170688 |
| International Paper Co | 2339 | 86824 |
| Linde PLC | 3177 | 1068997 |
| LyondellBasell Industries NV | 1667 | 141712 |
| The Mosaic Co | 2068 | 106088 |
| Newmont Corp | 5010 | 237825 |
| Nucor Corp | 1728 | 259114 |
| PPG Industries Inc | 1558 | 210673 |
| The Sherwin-Williams Co | 1539 | 383488 |
| **Total Basic Materials** |  | 4771196 |
| **Communications (11.65%)** |  |  |
| Alphabet Inc - A\* | 37827 | 3820149 |
| Alphabet Inc - C\* | 34683 | 3518590 |
| Amazon.com Inc\*<sup>,(a)</sup> | 55024 | 5312017 |
| Arista Networks Inc\* | 1464 | 203935 |
| AT&T Inc | 45311 | 873596 |
| Booking Holdings Inc\* | 255 | 530260 |
| CDW Corp | 853 | 160910 |
| Charter Communications Inc\* | 731 | 286033 |
| Cisco Systems Inc | 26226 | 1303957 |
| Comcast Corp | 28224 | 1034127 |
| Corning Inc | 4990 | 170309 |
| DISH Network Corp\* | 1784 | 28633 |
| eBay Inc<sup>#</sup> | 3534 | 160585 |
| Etsy Inc\*<sup>,#</sup> | 797 | 105276 |
| Expedia Group Inc\* | 887 | 94767 |
| F5 Inc\* | 424 | 65555 |
| FactSet Research Systems Inc | 239 | 110248 |
| Fox Corp | 913 | 27865 |
| Gen Digital Inc | 4015 | 92184 |
| The Interpublic Group of Cos Inc | 2667 | 91638 |
| Juniper Networks Inc | 2302 | 76518 |
| Lumen Technologies Inc | 6449 | 35276 |
| Match Group Inc\* | 1756 | 88783 |
| Meta Platforms Inc\*<sup>,(a)</sup> | 14479 | 1709970 |
| Motorola Solutions Inc | 1074 | 292343 |
| Netflix Inc\* | 2808 | 857928 |
| News Corp | 2672 | 51169 |
| News Corp<sup>#</sup> | 910 | 17700 |
| Omnicom Group Inc | 1397 | 111425 |
| Paramount Global<sup>#</sup> | 3816 | 76625 |
| T-Mobile US Inc\* | 3719 | 563280 |
| VeriSign Inc\* | 617 | 123283 |
| Verizon Communications Inc | 26273 | 1024122 |
| Warner Bros Discovery Inc\* | 13955 | 159087 |
| The Walt Disney Co\* | 11531 | 1128539 |
| **Total Communications** |  | 24306682 |
| **Consumer, Cyclical (9.60%)** |  |  |
| Advance Auto Parts Inc | 415 | 62661 |
| Alaska Air Group Inc\* | 808 | 38332 |
| American Airlines Group Inc\* | 3057 | 44113 |
| Aptiv PLC\* | 1715 | 182939 |
| AutoZone Inc\* | 27 | 69633 |
| Bath & Body Works Inc | 1525 | 64813 |
| Best Buy Co Inc | 1278 | 109013 |
| BorgWarner Inc | 1412 | 60024 |
| Caesars Entertainment Inc\* | 945 | 48015 |
| CarMax Inc\* | 1034 | 71718 |
| Carnival Corp\* | 5174 | 51378 |
| Copart Inc\* | 2814 | 187300 |
| Costco Wholesale Corp | 2805 | 1512596 |
| Cummins Inc | 904 | 227049 |
| Darden Restaurants Inc | 850 | 124942 |
| Delta Air Lines Inc\* | 4086 | 144522 |
| Dollar General Corp | 1444 | 369202 |
| Dollar Tree Inc\*<sup>,#</sup> | 1421 | 213562 |
| Domino's Pizza Inc | 233 | 90574 |

---

---

| | | |
|:---|:---|:---|
| DR Horton Inc<sup>#</sup> | 2022 | 173892 |
| Fastenal Co | 3749.0 | 193111 |
| Ford Motor Co | 24832.0 | 345165 |
| General Motors Co | 9176.0 | 372179 |
| Genuine Parts Co | 908.0 | 166464 |
| Hasbro Inc | 832.0 | 52266 |
| Hilton Worldwide Holdings Inc | 1779.0 | 253721 |
| The Home Depot Inc<sup>#</sup> | 6523.0 | 2113387 |
| Las Vegas Sands Corp\* | 2145.0 | 100472 |
| Lennar Corp<sup>#</sup> | 1632.0 | 143339 |
| Live Nation Entertainment Inc\* | 836.0 | 60827 |
| LKQ Corp | 1642.0 | 89210 |
| Lowe's Cos Inc | 4173.0 | 886971 |
| Marriott International Inc | 1737.0 | 287213 |
| McDonald's Corp | 4668.0 | 1273384 |
| MGM Resorts International | 2232.0 | 82272 |
| Newell Brands Inc<sup>#</sup> | 2691.0 | 34902 |
| NIKE Inc | 8010.0 | 878617 |
| Norwegian Cruise Line Holdings Ltd\* | 1599.0 | 26288 |
| NVR Inc\* | 21.0 | 97419 |
| O'Reilly Automotive Inc\* | 414.0 | 357920 |
| PACCAR Inc | 2262.0 | 239568 |
| Pool Corp<sup>#</sup> | 269.0 | 88611 |
| PulteGroup Inc | 1500.0 | 67170 |
| Ralph Lauren Corp | 314.0 | 35520 |
| Ross Stores Inc<sup>#</sup> | 2209.0 | 259933 |
| Royal Caribbean Cruises Ltd\* | 1236.0 | 74073 |
| Southwest Airlines Co\* | 3416.0 | 136333 |
| Starbucks Corp | 7240.0 | 739928 |
| Tapestry Inc<sup>#</sup> | 1811.0 | 68401 |
| Target Corp | 2919.0 | 487677 |
| Tesla Inc\* | 15831.0 | 3082296 |
| The TJX Cos Inc | 7414.0 | 593491 |
| Tractor Supply Co | 706.0 | 159775 |
| Ulta Beauty Inc\* | 329.0 | 152932 |
| United Airlines Holdings Inc\* | 1732.0 | 76502 |
| VF Corp | 2109.0 | 69217 |
| Walgreens Boots Alliance Inc | 4694.0 | 194801 |
| Walmart Inc | 8832.0 | 1346173 |
| Whirlpool Corp | 354.0 | 51872 |
| WW Grainger Inc | 277.0 | 167048 |
| Wynn Resorts Ltd\* | 526.0 | 44005 |
| Yum! Brands Inc | 1794.0 | 230816 |
| **Total Consumer, Cyclical** |  | 20027547 |
| **Consumer, Non-Cyclical (23.36%)** |  |  |
| Abbott Laboratories | 11054.0 | 1189189 |
| AbbVie Inc | 11112.0 | 1791032 |
| ABIOMED Inc\* | 310.0 | 117115 |
| Align Technology Inc\* | 473.0 | 93020 |
| Altria Group Inc | 11430.0 | 532409 |
| AmerisourceBergen Corp | 952.0 | 162497 |
| Amgen Inc | 3372.0 | 965741 |
| Archer-Daniels-Midland Co<sup>#</sup> | 3634.0 | 354315 |
| Automatic Data Processing Inc | 2637.0 | 696537 |
| Avery Dennison Corp | 514.0 | 99372 |
| Baxter International Inc | 3172.0 | 179313 |
| Becton Dickinson and Co | 1799.0 | 448563 |
| Biogen Inc\* | 924.0 | 281977 |
| Bio-Rad Laboratories Inc\* | 147.0 | 60962 |
| Bio-Techne Corp | 984.0 | 83630 |
| Boston Scientific Corp\* | 9036.0 | 409060 |
| Bristol-Myers Squibb Co | 13441.0 | 1079043 |
| Brown-Forman Corp | 1153.0 | 84192 |
| Campbell Soup Co | 1162.0 | 62365 |
| Cardinal Health Inc | 1714.0 | 137411 |
| Catalent Inc\* | 1096.0 | 54942 |
| Centene Corp\* | 3700.0 | 322085 |
| Charles River Laboratories International Inc\* | 322.0 | 73600 |
| Church & Dwight Co Inc | 1558.0 | 127553 |
| Cigna Corp | 2003.0 | 658767 |
| Cintas Corp | 549.0 | 253517 |
| The Clorox Co | 779.0 | 115798 |
| The Coca-Cola Co<sup>#</sup> | 24654.0 | 1568241 |
| Colgate-Palmolive Co | 5290.0 | 409869 |
| Conagra Brands Inc | 3029.0 | 115041 |
| Constellation Brands Inc | 1027.0 | 264298 |
| Corteva Inc | 4568.0 | 306787 |
| CVS Health Corp | 8246.0 | 840102 |
| Danaher Corp | 4032.0 | 1102389 |
| DaVita Inc\* | 482.0 | 35538 |
| DENTSPLY SIRONA Inc | 1160.0 | 35102 |
| Dexcom Inc\* | 2508.0 | 291630 |
| Edwards Lifesciences Corp\*<sup>,#</sup> | 3955.0 | 305524 |
| Elevance Health Inc | 1522.0 | 811104 |
| Eli Lilly & Co | 4978.0 | 1847236 |
| The Estee Lauder Cos Inc | 1489.0 | 351091 |
| Equifax Inc | 794.0 | 156712 |
| FleetCor Technologies Inc\* | 488.0 | 95746 |

---

---

| | | |
|:---|:---|:---|
| Gartner Inc\* | 508.0 | 177988 |
| General Mills Inc | 3801.0 | 324225 |
| Gilead Sciences Inc | 7918.0 | 695438 |
| Global Payments Inc | 1777.0 | 184417 |
| HCA Healthcare Inc | 1436.0 | 344956 |
| Henry Schein Inc\* | 871.0 | 70481 |
| her The Hershey Co | 941.0 | 221295 |
| Hologic Inc\* | 1678.0 | 127796 |
| Hormel Foods Corp | 1912.0 | 89864 |
| Humana Inc | 798.0 | 438820 |
| IDEXX Laboratories Inc\* | 539.0 | 229544 |
| Illumina Inc\* | 953.0 | 207830 |
| Incyte Corp\* | 1229.0 | 97914 |
| Intuitive Surgical Inc\* | 2274.0 | 614867 |
| IQVIA Holdings Inc\* | 1146.0 | 249851 |
| The J M Smucker Co | 745.0 | 114737 |
| Johnson & Johnson | 16547.0 | 2945366 |
| Kellogg Co | 1661.0 | 121170 |
| Keurig Dr Pepper Inc | 4656.0 | 180048 |
| Kimberly-Clark Corp | 2137.0 | 289841 |
| The Kraft Heinz Co | 4282.0 | 168497 |
| The Kroger Co | 4315.0 | 212255 |
| Laboratory Corp of America Holdings | 585.0 | 140810 |
| Lamb Weston Holdings Inc | 955.0 | 82990 |
| MarketAxess Holdings Inc | 260.0 | 69659 |
| McCormick & Co Inc | 1581.0 | 134670 |
| McKesson Corp<sup>#</sup> | 917.0 | 350001 |
| Medtronic PLC | 8528.0 | 674053 |
| Merck & Co Inc | 15965.0 | 1758066 |
| Moderna Inc\* | 2228.0 | 391927 |
| Molina Healthcare Inc\* | 371.0 | 124942 |
| Molson Coors Beverage Co | 1200.0 | 66132 |
| Mondelez International Inc | 8737.0 | 590709 |
| Monster Beverage Corp\* | 2413.0 | 248201 |
| Moody's Corp | 1013.0 | 302148 |
| Organon & Co | 1633.0 | 42491 |
| PayPal Holdings Inc\* | 7282.0 | 570982 |
| PepsiCo Inc | 8695.0 | 1613009 |
| PerkinElmer Inc | 796.0 | 111225 |
| Pfizer Inc | 35284.0 | 1768787 |
| The Procter & Gamble Co | 15147.0 | 2259327 |
| Philip Morris International Inc | 9786.0 | 975371 |
| Quanta Services Inc | 883.0 | 132344 |
| Quest Diagnostics Inc | 775.0 | 117668 |
| Regeneron Pharmaceuticals Inc\* | 673.0 | 505894 |
| ResMed Inc | 946.0 | 217769 |
| Robert Half International Inc | 808.0 | 63654 |
| Rollins Inc | 693.0 | 28025 |
| S&P Global Inc | 2191.0 | 772985 |
| STERIS PLC | 603.0 | 112001 |
| Stryker Corp | 2135.0 | 499355 |
| Sysco Corp | 3216.0 | 278216 |
| Teleflex Inc | 318.0 | 74450 |
| Thermo Fisher Scientific Inc | 2471.0 | 1384304 |
| Tyson Foods Inc<sup>#</sup> | 1921.0 | 127324 |
| United Rentals Inc\* | 459.0 | 162041 |
| UnitedHealth Group Inc | 5899.0 | 3231234 |
| Universal Health Services Inc | 423.0 | 55350 |
| Verisk Analytics Inc | 996.0 | 182975 |
| Vertex Pharmaceuticals Inc\* | 1614.0 | 510670 |
| Viatris Inc | 4634.0 | 51113 |
| Waters Corp\* | 405.0 | 140373 |
| West Pharmaceutical Services Inc | 474.0 | 111229 |
| Zimmer Biomet Holdings Inc | 1338.0 | 160694 |
| Zoetis Inc<sup>#</sup> | 3007.0 | 463499 |
| **Total Consumer, Non-Cyclical** |  | 48736282 |
| **Energy (5.42%)** |  |  |
| APA Corp | 2135.0 | 100025 |
| Baker Hughes Co | 5905.0 | 171363 |
| Coterra Energy Inc | 5087.0 | 141978 |
| Chevron Corp | 11172.0 | 2047939 |
| ConocoPhillips | 8165.0 | 1008459 |
| Devon Energy Corp | 3875.0 | 265515 |
| Diamondback Energy Inc | 1031.0 | 152609 |
| EOG Resources Inc | 3697.0 | 524715 |
| Enphase Energy Inc\* | 825.0 | 264487 |
| Exxon Mobil Corp | 26595.0 | 2961087 |
| Halliburton Co | 5694.0 | 215746 |
| Hess Corp<sup>#</sup> | 1743.0 | 250835 |
| Kinder Morgan Inc | 12716.0 | 243130 |
| Marathon Oil Corp | 4467.0 | 136824 |
| Marathon Petroleum Corp | 3415.0 | 415981 |
| Occidental Petroleum Corp | 5528.0 | 384141 |
| ONEOK Inc | 2916.0 | 195139 |
| Phillips 66 | 2852.0 | 309271 |
| Pioneer Natural Resources Co<sup>#</sup> | 1420.0 | 335106 |
| Schlumberger Ltd | 9092.0 | 468693 |
| SolarEdge Technologies Inc\*<sup>,#</sup> | 334.0 | 99819 |

---

---

| | | |
|:---|:---|:---|
| Valero Energy Corp | 2566 | 342869 |
| The Williams Cos Inc | 7926.0 | 275032 |
| **Total Energy** |  | 11310763 |
| **Financial (16.00%)** |  |  |
| Aflac Inc | 3741.0 | 269090 |
| Alexandria Real Estate Equities Inc | 937.0 | 145807 |
| The Allstate Corp | 1736.0 | 232450 |
| American Express Co | 3835.0 | 604358 |
| American International Group Inc | 5001.0 | 315613 |
| American Tower Corp | 2901.0 | 641846 |
| Ameriprise Financial Inc | 721.0 | 239336 |
| Aon PLC | 1340.0 | 413095 |
| Arthur J Gallagher & Co | 1256.0 | 250082 |
| Assurant Inc | 341.0 | 43723 |
| AvalonBay Communities Inc | 882.0 | 154262 |
| Bank of America Corp | 44761.0 | 1694204 |
| The Bank of New York Mellon Corp | 4700.0 | 215730 |
| Berkshire Hathaway Inc\*<sup>,#,(a)</sup> | 11377.0 | 3624712 |
| BlackRock Inc<sup>#</sup> | 908.0 | 650128 |
| Boston Properties Inc | 925.0 | 66674 |
| Brown & Brown Inc | 1483.0 | 88372 |
| Camden Property Trust | 649.0 | 78094 |
| Capital One Financial Corp | 2481.0 | 256138 |
| Cboe Global Markets Inc | 706.0 | 89549 |
| CBRE Group Inc\* | 2058.0 | 163817 |
| The Charles Schwab Corp | 9527.0 | 786359 |
| Chubb Ltd | 2675.0 | 587403 |
| Cincinnati Financial Corp | 941.0 | 104413 |
| Citigroup Inc | 12259.0 | 593458 |
| Citizens Financial Group Inc | 2789.0 | 118198 |
| CME Group Inc | 2279.0 | 402244 |
| Comerica Inc<sup>#</sup> | 908.0 | 65140 |
| Crown Castle Inc | 2725.0 | 385397 |
| Digital Realty Trust Inc | 1797.0 | 202091 |
| Discover Financial Services | 1773.0 | 192122 |
| Equinix Inc | 581.0 | 401268 |
| Equity Residential | 2236.0 | 145027 |
| Essex Property Trust Inc | 425.0 | 93662 |
| Everest Re Group Ltd | 280.0 | 94623 |
| Extra Space Storage Inc | 844.0 | 135622 |
| Federal Realty Investment Trust | 449.0 | 49884 |
| Fifth Third Bancorp | 4528.0 | 164638 |
| First Republic Bank | 1159.0 | 147900 |
| Franklin Resources Inc | 1991.0 | 53379 |
| Globe Life Inc | 628.0 | 75335 |
| The Goldman Sachs Group Inc | 2139.0 | 825975 |
| The Hartford Financial Services Group Inc | 2076.0 | 158544 |
| Healthpeak Properties Inc | 3020.0 | 79305 |
| Host Hotels & Resorts Inc | 4539.0 | 85969 |
| Huntington Bancshares Inc | 7104.0 | 109970 |
| Intercontinental Exchange Inc | 3524.0 | 381684 |
| Invesco Ltd | 2486.0 | 47507 |
| Iron Mountain Inc | 1369.0 | 74378 |
| JPMorgan Chase & Co | 18542.0 | 2562134 |
| KeyCorp | 6069.0 | 114158 |
| Kimco Realty Corp | 2994.0 | 68622 |
| Lincoln National Corp | 1186.0 | 46183 |
| M&T Bank Corp | 1177.0 | 200114 |
| Marsh & McLennan Cos Inc | 3158.0 | 546902 |
| Mastercard Inc | 5421.0 | 1932044 |
| MetLife Inc | 4363.0 | 334642 |
| Mid-America Apartment Communities Inc | 732.0 | 120692 |
| Morgan Stanley<sup>#</sup> | 8835.0 | 822273 |
| Nasdaq Inc | 2247.0 | 153830 |
| Northern Trust Corp | 1359.0 | 126536 |
| The PNC Financial Services Group Inc | 2611.0 | 439327 |
| Principal Financial Group Inc | 1584.0 | 142053 |
| Prologis Inc | 5883.0 | 692959 |
| The Progressive Corp | 3713.0 | 490673 |
| Prudential Financial Inc | 2454.0 | 265106 |
| Public Storage | 964.0 | 287233 |
| Raymond James Financial Inc | 1273.0 | 148814 |
| Realty Income Corp | 3496.0 | 220493 |
| Regency Centers Corp | 1109.0 | 73671 |
| Regions Financial Corp | 6273.0 | 145596 |
| SBA Communications Corp | 680.0 | 203524 |
| Signature Bank | 386.0 | 53847 |
| Simon Property Group Inc | 2085.0 | 249032 |
| State Street Corp | 2304.0 | 183560 |
| SVB Financial Group\* | 354.0 | 82050 |
| Synchrony Financial | 3166.0 | 118978 |
| T Rowe Price Group Inc | 1478.0 | 184617 |
| The Travelers Cos Inc | 1514.0 | 287372 |
| Truist Financial Corp | 8471.0 | 396528 |
| UDR Inc | 1770.0 | 73402 |
| US Bancorp | 8502.0 | 385906 |
| Ventas Inc | 2564.0 | 119303 |
| VICI Properties Inc | 6079.0 | 207902 |

---

---

| | | |
|:---|:---|:---|
| Visa Inc<sup>#</sup> | 10389.0 | 2254413 |
| Vornado Realty Trust | 1028.0 | 25998 |
| W R Berkley Corp | 1335.0 | 101834 |
| Wells Fargo & Co | 23929.0 | 1147396 |
| Welltower Inc | 2792.0 | 198316 |
| Weyerhaeuser Co | 4832.0 | 158055 |
| Willis Towers Watson PLC | 703.0 | 173050 |
| Zions Bancorp NA | 1054.0 | 54618 |
| **Total Financial** |  | 33392331 |
| **Industrial (8.59%)** |  |  |
| 3M Co | 3484.0 | 438879 |
| A O Smith Corp | 942.0 | 57217 |
| Agilent Technologies Inc | 1952.0 | 302521 |
| Allegion plc | 601.0 | 68304 |
| Amcor PLC | 9487.0 | 117164 |
| AMETEK Inc | 1502.0 | 213915 |
| Amphenol Corp | 3796.0 | 305312 |
| Ball Corp<sup>#</sup> | 2136.0 | 119787 |
| The Boeing Co\* | 3466.0 | 619998 |
| Carrier Global Corp | 5321.0 | 235827 |
| Caterpillar Inc | 3367.0 | 795992 |
| CH Robinson Worldwide Inc<sup>#</sup> | 835.0 | 83684 |
| CSX Corp | 13726.0 | 448703 |
| Deere & Co | 1762.0 | 777042 |
| Dover Corp | 941.0 | 133575 |
| Eaton Corp PLC | 2529.0 | 413365 |
| Emerson Electric Co | 3793.0 | 363256 |
| Expeditors International of Washington Inc<sup>#</sup> | 1105.0 | 128246 |
| FedEx Corp | 1505.0 | 274241 |
| Fortive Corp | 2032.0 | 137262 |
| Fortune Brands Home & Security Inc | 957.0 | 62530 |
| Generac Holdings Inc\*<sup>,#</sup> | 285.0 | 30073 |
| General Dynamics Corp | 1455.0 | 367227 |
| General Electric Co | 6927.0 | 595514 |
| Honeywell International Inc | 4297.0 | 943406 |
| Howmet Aerospace Inc | 2478.0 | 93346 |
| Huntington Ingalls Industries Inc | 281.0 | 65181 |
| IDEX Corp | 523.0 | 124207 |
| Illinois Tool Works Inc | 1818.0 | 413540 |
| Ingersoll Rand Inc | 2562.0 | 138271 |
| Jacobs Solutions Inc | 846.0 | 107053 |
| JB Hunt Transport Services Inc | 529.0 | 97278 |
| Johnson Controls International PLC | 4519.0 | 300242 |
| Keysight Technologies Inc\* | 1144.0 | 206938 |
| L3Harris Technologies Inc | 1217.0 | 276356 |
| Lockheed Martin Corp | 1495.0 | 725359 |
| Martin Marietta Materials Inc | 396.0 | 145126 |
| Mettler-Toledo International Inc\* | 143.0 | 210147 |
| Mohawk Industries Inc\* | 390.0 | 39519 |
| Nordson Corp | 343.0 | 81116 |
| Norfolk Southern Corp | 1504.0 | 385776 |
| Northrop Grumman Corp | 922.0 | 491693 |
| Old Dominion Freight Line Inc | 595.0 | 180053 |
| Otis Worldwide Corp | 2659.0 | 207641 |
| Packaging Corp of America | 651.0 | 88464 |
| Parker-Hannifin Corp | 810.0 | 242141 |
| Pentair PLC | 1156.0 | 52910 |
| Raytheon Technologies Corp | 9389.0 | 926882 |
| Republic Services Inc | 1333.0 | 185674 |
| Rockwell Automation Inc | 758.0 | 200279 |
| Sealed Air Corp | 922.0 | 49078 |
| Snap-on Inc | 354.0 | 85172 |
| Stanley Black & Decker Inc | 953.0 | 77879 |
| TE Connectivity Ltd | 2081.0 | 262456 |
| Teledyne Technologies Inc\* | 318.0 | 133592 |
| Textron Inc | 1451.0 | 103572 |
| Trane Technologies PLC | 1507.0 | 268879 |
| TransDigm Group Inc | 326.0 | 204891 |
| Trimble Inc\* | 1634.0 | 97632 |
| Union Pacific Corp | 3964.0 | 861893 |
| United Parcel Service Inc | 4621.0 | 876742 |
| Vulcan Materials Co | 865.0 | 158580 |
| Waste Management Inc | 2458.0 | 412256 |
| Westinghouse Air Brake Technologies Corp | 1153.0 | 116557 |
| Westrock Co | 1715.0 | 65033 |
| Xylem Inc<sup>#</sup> | 1143.0 | 128416 |
| **Total Industrial** |  | 17920860 |
| **Technology (23.14%)** |  |  |
| Accenture PLC | 3983.0 | 1198604 |
| Activision Blizzard Inc | 4949.0 | 365979 |
| Adobe Inc\* | 2983.0 | 1028926 |
| Advanced Micro Devices Inc\*<sup>,#</sup> | 10230.0 | 794155 |
| Analog Devices Inc | 3303.0 | 567819 |
| ANSYS Inc\* | 560.0 | 142408 |
| Apple Inc<sup>(a)</sup> | 94091.0 | 13928291 |
| Applied Materials Inc | 5577.0 | 611239 |
| Autodesk Inc\* | 1396.0 | 281922 |

---

---

| | | |
|:---|:---|:---|
| Broadcom Inc | 2577 | 1420004 |
| Broadridge Financial Solutions Inc | 788.0 | 117499 |
| Cadence Design Systems Inc\* | 1756.0 | 302102 |
| Ceridian HCM Holding Inc\* | 855.0 | 58516 |
| Cognizant Technology Solutions Corp | 3335.0 | 207470 |
| DXC Technology Co\* | 1730.0 | 51329 |
| Electronic Arts Inc | 1768.0 | 231219 |
| EPAM Systems Inc\* | 359.0 | 132320 |
| Fidelity National Information Services Inc | 3855.0 | 279796 |
| Fiserv Inc\* | 3670.0 | 383001 |
| Fortinet Inc\* | 4205.0 | 223538 |
| Hewlett Packard Enterprise Co | 8406.0 | 141053 |
| HP Inc | 6878.0 | 206615 |
| Intel Corp | 25746.0 | 774182 |
| International Business Machines Corp | 5688.0 | 846943 |
| Intuit Inc | 1757.0 | 716136 |
| Jack Henry & Associates Inc | 460.0 | 87101 |
| KLA Corp | 942.0 | 370347 |
| Lam Research Corp | 875.0 | 413333 |
| Leidos Holdings Inc | 915.0 | 100037 |
| Microchip Technology Inc | 3286.0 | 260218 |
| Micron Technology Inc | 7124.0 | 410699 |
| Microsoft Corp<sup>(a)</sup> | 47031.0 | 11999489 |
| Monolithic Power Systems Inc | 267.0 | 101983 |
| MSCI Inc | 510.0 | 258993 |
| NetApp Inc | 1421.0 | 96074 |
| NVIDIA Corp | 15746.0 | 2664696 |
| NXP Semiconductors NV | 1526.0 | 268332 |
| ON Semiconductor Corp\*<sup>,#</sup> | 2743.0 | 206274 |
| Oracle Corp | 10009.0 | 831047 |
| Paychex Inc | 2089.0 | 259099 |
| Paycom Software Inc\* | 305.0 | 103426 |
| PTC Inc\* | 681.0 | 86630 |
| Qorvo Inc\* | 744.0 | 73842 |
| QUALCOMM Inc | 7070.0 | 894284 |
| Roper Technologies Inc | 684.0 | 300201 |
| Salesforce Inc\* | 6236.0 | 999319 |
| Seagate Technology Holdings PLC | 1368.0 | 72463 |
| ServiceNow Inc\* | 1243.0 | 517461 |
| Skyworks Solutions Inc | 1059.0 | 101262 |
| Synopsys Inc\* | 962.0 | 326637 |
| Take-Two Interactive Software Inc\* | 778.0 | 82227 |
| Teradyne Inc<sup>#</sup> | 1007.0 | 94104 |
| Texas Instruments Inc | 5821.0 | 1050458 |
| Tyler Technologies Inc\* | 246.0 | 84314 |
| Western Digital Corp\* | 1916.0 | 70413 |
| Zebra Technologies Corp\* | 348.0 | 94057 |
| **Total Technology** |  | 48289886 |
| **Utilities (3.03%)** |  |  |
| The AES Corp | 4344.0 | 125628 |
| Alliant Energy Corp | 1583.0 | 89123 |
| Ameren Corp | 1682.0 | 150236 |
| American Electric Power Co Inc | 3242.0 | 313826 |
| American Water Works Co Inc | 1183.0 | 179532 |
| Atmos Energy Corp<sup>#</sup> | 820.0 | 98564 |
| CenterPoint Energy Inc | 2979.0 | 92677 |
| CMS Energy Corp | 1870.0 | 114201 |
| Consolidated Edison Inc | 2227.0 | 218335 |
| Constellation Energy Corp | 2068.0 | 198776 |
| Dominion Energy Inc | 5130.0 | 313494 |
| DTE Energy Co | 1258.0 | 145941 |
| Duke Energy Corp | 4806.0 | 480264 |
| Edison International | 2433.0 | 162184 |
| Entergy Corp | 1304.0 | 151616 |
| Evergy Inc | 1567.0 | 92782 |
| Eversource Energy | 2170.0 | 179806 |
| Exelon Corp | 6205.0 | 256701 |
| FirstEnergy Corp | 3716.0 | 153248 |
| NextEra Energy Inc | 12449.0 | 1054430 |
| NiSource Inc | 2050.0 | 57277 |
| NRG Energy Inc | 1663.0 | 70594 |
| Pinnacle West Capital Corp | 806.0 | 63126 |
| PPL Corp | 4645.0 | 137120 |
| Public Service Enterprise Group Inc | 3151.0 | 190793 |
| Sempra Energy | 1939.0 | 322242 |
| The Southern Co | 6719.0 | 454473 |
| WEC Energy Group Inc | 2060.0 | 204228 |
| Xcel Energy Inc | 3432.0 | 240995 |
| **Total Utilities** |  | 6312212 |
| **Total Common Stock (Cost $71,066,219)** |  | 215067759 |
| **United States Treasury Bills (0.19%)** |  |  |
| United States Treasury Bill (Cost $399,201) | 400000.0 | 399219 |
| **Collateral Received for Securities on Loan (4.34%)** |  |  |
| Mount Vernon Liquid Assets Portfolio, 7-Day Yield: 4.07% (Cost $9,063,299) |  | 9063299 |

---

---

| | |
|:---|:---|
| **Total Investments (Cost $83,220,032) (107.61%)** | $224530277 |
| **Liabilities in Excess of Other Assets (-7.61%)** | (15882266) |
| **Net Assets (100.00%)** | $208648011 |

---

\* Non-income producing security.

# Loaned security; a portion of the security is on loan at November 30, 2022.

(a) A portion of these securities, a total of $11,754,612, have been pledged or segregated in connection with obligations for futures contracts.

**Futures contracts at November 30, 2022:** 

Contracts - $50 times premium / delivery month / commitment / exchange

---

| | | | |
|:---|:---|:---|:---|
| **S&P 500 E-MINI** | **Notional Amount** | **Value** | **Unrealized Appreciation** |
| 3 / DEC 2022 / Long / CME | &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;591,050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612,188 | &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,138 |

---

**S&P MIDCAP INDEX FUND** 

**Portfolio of Investments (Unaudited)** 

**November 30, 2022** 

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **Common Stock (106.51%)** |  |  |
| **Basic Materials (6.15%)** |  |  |
| Alcoa Corp | 9686 | $485559 |
| Ashland Inc | 2550 | 285269 |
| Avient Corp | 4377 | 151488 |
| Cabot Corp | 2965 | 218283 |
| The Chemours Co | 7944 | 246661 |
| Cleveland-Cliffs Inc\* | 25413 | 393393 |
| Commercial Metals Co | 6169 | 303638 |
| Ingevity Corp\* | 1831 | 143312 |
| MP Materials Corp\* | 3918 | 130274 |
| NewMarket Corp | 355 | 112187 |
| Olin Corp | 6912 | 393846 |
| Reliance Steel & Aluminum Co<sup>(a)</sup> | 3087 | 652252 |
| Royal Gold Inc | 3477 | 390571 |
| RPM International Inc<sup>(a)</sup> | 6606 | 684514 |
| Sensient Technologies Corp | 2152 | 160776 |
| Steel Dynamics Inc<sup>(a)</sup> | 8975 | 932772 |
| United States Steel Corp | 12147 | 319345 |
| Valvoline Inc | 9064 | 298931 |
| Westlake Corp | 1769 | 190433 |
| **Total Basic Materials** |  | 6493504 |
| **Communications (2.40%)** |  |  |
| Cable One Inc | 262 | 189764 |
| Calix Inc\* | 2919 | 208125 |
| Ciena Corp\* | 7666 | 344663 |
| Frontier Communications Parent Inc\* | 11416 | 294190 |
| Iridium Communications Inc\* | 6514 | 345893 |
| The New York Times Co | 8025 | 294116 |
| TEGNA Inc | 11717 | 231294 |
| TripAdvisor Inc\* | 5427 | 110657 |
| Viasat Inc\* | 3475 | 118463 |
| World Wrestling Entertainment Inc | 2214 | 176854 |
| Ziff Davis Inc\* | 2375 | 219118 |
| **Total Communications** |  | 2533137 |
| **Consumer, Cyclical (16.24%)** |  |  |
| Adient PLC\* | 4855 | 189054 |
| AutoNation Inc\* | 1871 | 231836 |
| BJ's Wholesale Club Holdings Inc\* | 7095 | 533828 |
| Boyd Gaming Corp | 4204 | 257831 |
| Brunswick Corp | 3808 | 282554 |
| Capri Holdings Ltd\* | 7068 | 405350 |
| Carter's Inc | 2119 | 154772 |
| Casey's General Stores Inc | 1907 | 463439 |
| Choice Hotels International Inc | 1485 | 182982 |
| Churchill Downs Inc | 1698 | 376888 |
| Columbia Sportswear Co | 1749 | 156693 |
| Cracker Barrel Old Country Store Inc | 1166 | 133857 |
| Crocs Inc\* | 3156 | 318756 |
| Dana Inc | 6533 | 115046 |
| Deckers Outdoor Corp\* | 1358 | 541679 |
| Dick's Sporting Goods Inc | 2914 | 348456 |
| FirstCash Holdings Inc | 2071 | 194384 |
| Five Below Inc\* | 2841 | 457003 |
| Foot Locker Inc | 4393 | 174841 |
| Fox Factory Holding Corp\* | 2181 | 231404 |
| GameStop Corp\*<sup>,#</sup> | 12308 | 322593 |
| The Gap Inc | 11312 | 164476 |
| Gentex Corp | 12040 | 347956 |
| The Goodyear Tire & Rubber Co\* | 13550 | 152031 |
| Hanesbrands Inc | 18591 | 124932 |
| Harley-Davidson Inc | 6881 | 324302 |
| IAA Inc\* | 7144 | 266971 |
| JetBlue Airways Corp\* | 16855 | 134166 |
| KB Home | 4326 | 135793 |
| Kohl's Corp | 6763 | 216957 |
| Lear Corp | 3046 | 439355 |
| Leggett & Platt Inc | 7100 | 252831 |
| Light & Wonder Inc\* | 4830 | 312839 |
| Lithia Motors Inc | 1409 | 337188 |
| Macy's Inc | 13812 | 324582 |
| Marriott Vacations Worldwide Corp | 2090 | 311368 |
| Mattel Inc\* | 18495 | 337164 |
| MSC Industrial Direct Co Inc | 2536 | 217665 |
| Murphy USA Inc | 1100 | 325391 |
| Nordstrom Inc<sup>#</sup> | 6132 | 128588 |

---

---

| | | |
|:---|:---|:---|
| Nu Skin Enterprises Inc | 2657 | 110823 |
| Ollie's Bargain Outlet Holdings Inc\* | 3186.0 | 194027 |
| Papa John's International Inc | 1724.0 | 143540 |
| Penn Entertainment Inc\* | 8119.0 | 285708 |
| Polaris Inc | 2866.0 | 326896 |
| PVH Corp | 3428.0 | 230293 |
| RH\* | 865.0 | 248108 |
| The Scotts Miracle-Gro Co | 2158.0 | 120697 |
| Skechers USA Inc\* | 7149.0 | 301473 |
| Taylor Morrison Home Corp\* | 5820.0 | 176870 |
| Tempur Sealy International Inc | 9212.0 | 292665 |
| Texas Roadhouse Inc | 3423.0 | 339972 |
| Thor Industries Inc | 2934.0 | 252735 |
| Toll Brothers Inc | 5475.0 | 262307 |
| Topgolf Callaway Brands Corp\* | 6451.0 | 135148 |
| Travel + Leisure Co | 4573.0 | 177753 |
| Under Armour Inc\* | 4953.0 | 49530 |
| Under Armour Inc\* | 5322.0 | 46408 |
| Univar Solutions Inc\* | 8541.0 | 282963 |
| Victoria's Secret & Co\* | 3564.0 | 163944 |
| Visteon Corp\* | 1440.0 | 211392 |
| Watsco Inc | 1747.0 | 469908 |
| The Wendy's Co | 9014.0 | 203356 |
| Williams-Sonoma Inc | 3521.0 | 411605 |
| Wingstop Inc | 1531.0 | 253396 |
| Wyndham Hotels & Resorts Inc | 4625.0 | 339105 |
| YETI Holdings Inc\* | 4150.0 | 186294 |
| **Total Consumer, Cyclical** |  | 17144717 |
| **Consumer, Non-Cyclical (17.64%)** |  |  |
| Acadia Healthcare Co Inc\* | 4932.0 | 439244 |
| Amedisys Inc\* | 1661.0 | 151300 |
| Arrowhead Pharmaceuticals Inc\* | 5525.0 | 177905 |
| ASGN Inc\* | 2570.0 | 232842 |
| Avis Budget Group Inc\* | 1494.0 | 334058 |
| Azenta Inc | 3937.0 | 237047 |
| BellRing Brands Inc\* | 5935.0 | 147841 |
| The Boston Beer Co Inc\* | 514.0 | 197566 |
| The Brink's Co | 2467.0 | 147403 |
| Bruker Corp | 5158.0 | 347701 |
| Celsius Holdings Inc\* | 1513.0 | 168457 |
| Chemed Corp | 787.0 | 409240 |
| Coca-Cola Consolidated Inc | 121.0 | 59508 |
| Coty Inc\* | 17865.0 | 140598 |
| Darling Ingredients Inc\* | 8212.0 | 589868 |
| Encompass Health Corp | 5273.0 | 308365 |
| Envista Holdings Corp\* | 8546.0 | 291590 |
| Euronet Worldwide Inc\* | 2411.0 | 224102 |
| Exelixis Inc\* | 16697.0 | 285185 |
| Flowers Foods Inc | 9880.0 | 296894 |
| FTI Consulting Inc\* | 1812.0 | 313150 |
| Globus Medical Inc\* | 3944.0 | 291422 |
| Graham Holdings Co | 198.0 | 127449 |
| Grand Canyon Education Inc\* | 1699.0 | 192106 |
| Grocery Outlet Holding Corp\* | 4882.0 | 147778 |
| GXO Logistics Inc\* | 5224.0 | 244797 |
| H&R Block Inc | 8393.0 | 366858 |
| Haemonetics Corp\* | 2627.0 | 224109 |
| Halozyme Therapeutics Inc\* | 7274.0 | 416509 |
| HealthEquity Inc\* | 4363.0 | 276963 |
| Helen of Troy Ltd\* | 1277.0 | 125836 |
| ICU Medical Inc\* | 1078.0 | 171650 |
| Inari Medical Inc\* | 1706.0 | 125527 |
| Ingredion Inc | 3355.0 | 328689 |
| Insperity Inc | 1902.0 | 225482 |
| Integra LifeSciences Holdings Corp\* | 3953.0 | 217178 |
| Jazz Pharmaceuticals PLC\* | 3129.0 | 490971 |
| John Wiley & Sons Inc | 2306.0 | 109327 |
| Lancaster Colony Corp | 1051.0 | 217704 |
| Lantheus Holdings Inc\* | 3520.0 | 218522 |
| LHC Group Inc\* | 1631.0 | 266522 |
| LivaNova PLC\* | 2820.0 | 156143 |
| ManpowerGroup Inc | 2649.0 | 231840 |
| Masimo Corp\* | 2474.0 | 358582 |
| Medpace Holdings Inc\* | 1285.0 | 269709 |
| Neogen Corp\* | 11308.0 | 187260 |
| Neurocrine Biosciences Inc\* | 4897.0 | 622213 |
| NuVasive Inc\* | 2872.0 | 111548 |
| Omnicell Inc\* | 2324.0 | 119942 |
| Option Care Health Inc\* | 7340.0 | 221007 |
| Patterson Cos Inc | 4569.0 | 129942 |
| Paylocity Holding Corp\* | 2089.0 | 455047 |
| Penumbra Inc\* | 1871.0 | 391993 |
| Performance Food Group Co\* | 8145.0 | 496682 |
| Perrigo Co PLC | 7087.0 | 228414 |
| Pilgrim's Pride Corp\* | 2700.0 | 70632 |

---

---

| | | |
|:---|:---|:---|
| Post Holdings Inc\* | 2784 | 260610 |
| Progyny Inc\* | 3648.0 | 133626 |
| QuidelOrtho Corp\* | 2295.0 | 201065 |
| R1 RCM Inc\* | 7094.0 | 64201 |
| Repligen Corp\* | 2642.0 | 472495 |
| Sabre Corp\* | 16503.0 | 100833 |
| Service Corp International | 8074.0 | 576887 |
| Shockwave Medical Inc\* | 1882.0 | 477275 |
| Sotera Health Co\* | 2599.0 | 21676 |
| Sprouts Farmers Market Inc\* | 5502.0 | 188884 |
| STAAR Surgical Co\* | 2560.0 | 146202 |
| Syneos Health Inc\* | 5484.0 | 193476 |
| Tandem Diabetes Care Inc\* | 3340.0 | 140447 |
| Tenet Healthcare Corp\* | 5708.0 | 263595 |
| United Therapeutics Corp\* | 2379.0 | 665858 |
| WEX Inc\* | 2262.0 | 382595 |
| **Total Consumer, Non-Cyclical** |  | 18625942 |
| **Energy (5.55%)** |  |  |
| Antero Midstream Corp | 17306.0 | 196077 |
| Antero Resources Corp\* | 14670.0 | 536189 |
| ChampionX Corp | 10391.0 | 320458 |
| CNX Resources Corp\* | 10236.0 | 177799 |
| DT Midstream Inc | 5076.0 | 306235 |
| Equitrans Midstream Corp | 20127.0 | 168866 |
| First Solar Inc\*<sup>,(a)</sup> | 5076.0 | 875762 |
| HF Sinclair Corp | 7439.0 | 463747 |
| Matador Resources Co | 5862.0 | 389002 |
| Murphy Oil Corp | 7675.0 | 362260 |
| NOV Inc | 20114.0 | 451760 |
| PDC Energy Inc | 4931.0 | 366472 |
| Range Resources Corp | 13142.0 | 379410 |
| Southwestern Energy Co\* | 58705.0 | 406239 |
| SunPower Corp\* | 4397.0 | 106627 |
| Sunrun Inc\* | 10914.0 | 355578 |
| **Total Energy** |  | 5862481 |
| **Financial (24.34%)** |  |  |
| *Banks (7.66%)* |  |  |
| Associated Banc-Corp | 7874.0 | 193700 |
| Bank of Hawaii Corp | 2220.0 | 179087 |
| Bank OZK | 5938.0 | 274039 |
| Cadence Bank | 9650.0 | 278306 |
| Cathay General Bancorp | 3810.0 | 177051 |
| Commerce Bancshares Inc | 5586.0 | 418503 |
| Cullen/Frost Bankers Inc | 3002.0 | 435500 |
| East West Bancorp Inc | 7216.0 | 506635 |
| First Financial Bankshares Inc | 6790.0 | 250891 |
| First Horizon Corp<sup>(a)</sup> | 27478.0 | 682828 |
| FNB Corp | 17881.0 | 252122 |
| Fulton Financial Corp | 8643.0 | 160673 |
| Glacier Bancorp Inc | 5299.0 | 306812 |
| Hancock Whitney Corp | 4389.0 | 240693 |
| Home BancShares Inc | 8489.0 | 216045 |
| International Bancshares Corp | 2788.0 | 146872 |
| Old National Bancorp | 15533.0 | 296836 |
| PacWest Bancorp | 6472.0 | 169049 |
| Pinnacle Financial Partners Inc | 4033.0 | 338328 |
| Prosperity Bancshares Inc | 4670.0 | 352912 |
| Synovus Financial Corp | 7444.0 | 313616 |
| Texas Capital Bancshares Inc\* | 2554.0 | 153214 |
| UMB Financial Corp | 2226.0 | 190368 |
| Umpqua Holdings Corp | 11390.0 | 230875 |
| United Bankshares Inc | 6634.0 | 284532 |
| Valley National Bancorp | 21550.0 | 272823 |
| Webster Financial Corp | 9004.0 | 489277 |
| Wintrust Financial Corp | 3023.0 | 276393 |
|  |  | 8087980 |
| *Diversified Financial Service (2.75%)* |  |  |
| Affiliated Managers Group Inc | 2034.0 | 326294 |
| Evercore Inc | 1844.0 | 212392 |
| Federated Hermes Inc | 4336.0 | 164595 |
| Interactive Brokers Group Inc | 4471.0 | 359021 |
| Janus Henderson Group PLC | 6856.0 | 173388 |
| Jefferies Financial Group Inc | 9522.0 | 361741 |
| Navient Corp | 5666.0 | 93886 |
| SEI Investments Co | 5272.0 | 328340 |
| SLM Corp | 12872.0 | 224745 |
| Stifel Financial Corp | 5553.0 | 356780 |
| The Western Union Co | 20303.0 | 297642 |
|  |  | 2898824 |
| *Insurance (4.98%)* |  |  |
| American Financial Group Inc | 3503.0 | 498197 |
| Brighthouse Financial Inc\* | 3677.0 | 204956 |
| CNO Financial Group Inc | 6090.0 | 142993 |

---

---

| | | |
|:---|:---|:---|
| Essent Group Ltd | 5514 | 221056 |
| First American Financial Corp | 5333.0 | 291448 |
| The Hanover Insurance Group Inc | 1892.0 | 278692 |
| Kemper Corp | 3169.0 | 180379 |
| Kinsale Capital Group Inc | 1102.0 | 339647 |
| MGIC Investment Corp | 15538.0 | 213337 |
| Old Republic International Corp | 15070.0 | 369215 |
| Primerica Inc | 1917.0 | 285691 |
| Reinsurance Group of America Inc | 3431.0 | 495436 |
| RenaissanceRe Holdings Ltd | 2238.0 | 422781 |
| RLI Corp | 2095.0 | 272497 |
| Selective Insurance Group Inc | 3089.0 | 296915 |
| Unum Group | 9745.0 | 411044 |
| Voya Financial Inc | 5014.0 | 330824 |
|  |  | 5255108 |
| *Real Estate (8.61%)* |  |  |
| Annaly Capital Management Inc | 22074.0 | 478346 |
| Apartment Income REIT Corp | 8250.0 | 313913 |
| Brixmor Property Group Inc | 15740.0 | 364853 |
| Corporate Office Properties Trust | 5953.0 | 165315 |
| Cousins Properties Inc | 7880.0 | 207874 |
| Douglas Emmett Inc | 9604.0 | 166341 |
| EastGroup Properties Inc | 2141.0 | 332369 |
| EPR Properties | 4167.0 | 173389 |
| First Industrial Realty Trust Inc | 6844.0 | 345964 |
| Healthcare Realty Trust Inc | 19987.0 | 410333 |
| Highwoods Properties Inc | 5523.0 | 164585 |
| Independence Realty Trust Inc | 11696.0 | 211932 |
| JBG SMITH Properties | 5705.0 | 117580 |
| Jones Lang LaSalle Inc\* | 2453.0 | 412521 |
| Kilroy Realty Corp | 5682.0 | 245576 |
| Kite Realty Group Trust | 11573.0 | 263864 |
| Lamar Advertising Co | 4460.0 | 446624 |
| Life Storage Inc | 4366.0 | 469301 |
| The Macerich Co | 9276.0 | 117805 |
| Medical Properties Trust Inc | 31572.0 | 414225 |
| National Retail Properties Inc | 9304.0 | 431333 |
| National Storage Affiliates Trust | 3823.0 | 152194 |
| Omega Healthcare Investors Inc | 11988.0 | 362997 |
| Park Hotels & Resorts Inc | 12264.0 | 157347 |
| Pebblebrook Hotel Trust | 6963.0 | 115934 |
| Physicians Realty Trust | 11481.0 | 171411 |
| PotlatchDeltic Corp | 3706.0 | 177110 |
| Rayonier Inc | 7791.0 | 279541 |
| Rexford Industrial Realty Inc | 8064.0 | 445859 |
| Sabra Health Care REIT Inc | 11960.0 | 154404 |
| SL Green Realty Corp | 3571.0 | 149839 |
| Spirit Realty Capital Inc | 6787.0 | 281118 |
| STORE Capital Corp | 12450.0 | 397155 |
|  |  | 9098952 |
| *Savings & Loans (0.34%)* |  |  |
| New York Community Bancorp Inc | 24647.0 | 230449 |
| Washington Federal Inc | 3601.0 | 127007 |
|  |  | 357456 |
| **Total Financial** |  | 25698320 |
| **Industrial (21.76%)** |  |  |
| Acuity Brands Inc | 1675.0 | 315386 |
| AECOM | 7151.0 | 607835 |
| AGCO Corp | 3170.0 | 420722 |
| AptarGroup Inc | 3441.0 | 365228 |
| Arrow Electronics Inc\* | 3286.0 | 357320 |
| Avnet Inc | 5137.0 | 232038 |
| Axon Enterprise Inc\* | 3457.0 | 636192 |
| Belden Inc | 2251.0 | 181070 |
| Builders FirstSource Inc\* | 8090.0 | 517194 |
| Carlisle Cos Inc<sup>(a)</sup> | 2648.0 | 696715 |
| Chart Industries Inc\*<sup>,#</sup> | 1893.0 | 270680 |
| Clean Harbors Inc\* | 2652.0 | 318240 |
| Cognex Corp | 8879.0 | 441997 |
| Coherent Corp\* | 6619.0 | 242719 |
| Crane Holdings Co | 2500.0 | 264850 |
| Curtiss-Wright Corp | 2022.0 | 357186 |
| Donaldson Co Inc | 6327.0 | 385441 |
| Dycom Industries Inc\* | 1554.0 | 141632 |
| Eagle Materials Inc | 1929.0 | 263000 |
| EMCOR Group Inc | 2526.0 | 391277 |
| Energizer Holdings Inc | 3289.0 | 112122 |
| EnerSys | 2082.0 | 157358 |
| Enovis Corp\* | 2165.0 | 117191 |
| Esab Corp | 2165.0 | 102491 |
| Flowserve Corp | 6904.0 | 216509 |
| Fluor Corp\* | 7046.0 | 236816 |
| GATX Corp | 1807.0 | 203739 |

---

---

| | | |
|:---|:---|:---|
| Graco Inc | 8660 | 605940 |
| Greif Inc | 1407.0 | 98926 |
| Hexcel Corp | 4444.0 | 266418 |
| Hubbell Inc<sup>(a)</sup> | 2748.0 | 698157 |
| ITT Inc | 4382.0 | 370367 |
| Jabil Inc | 7043.0 | 508434 |
| Kennametal Inc | 4431.0 | 117067 |
| Kirby Corp\* | 3067.0 | 214046 |
| Knight-Swift Transportation Holdings Inc | 8227.0 | 456023 |
| Landstar System Inc | 1865.0 | 322608 |
| Lennox International Inc | 1651.0 | 429970 |
| Lincoln Electric Holdings Inc | 3053.0 | 451478 |
| Littelfuse Inc | 1304.0 | 321436 |
| Louisiana-Pacific Corp | 3782.0 | 241292 |
| MasTec Inc\* | 3003.0 | 272762 |
| MDU Resources Group Inc | 10687.0 | 336534 |
| Mercury Systems Inc\* | 2953.0 | 150071 |
| The Middleby Corp\* | 2759.0 | 397820 |
| MSA Safety Inc | 1931.0 | 272290 |
| National Instruments Corp | 6872.0 | 281889 |
| Novanta Inc\* | 1873.0 | 295466 |
| nVent Electric PLC | 8525.0 | 341085 |
| Oshkosh Corp | 3453.0 | 317918 |
| Owens Corning | 4928.0 | 437804 |
| Regal Rexnord Corp | 3404.0 | 446298 |
| RXO Inc\* | 5224.0 | 99256 |
| Ryder System Inc | 2687.0 | 251208 |
| Saia Inc\* | 1395.0 | 339808 |
| Silgan Holdings Inc | 4332.0 | 229163 |
| Simpson Manufacturing Co Inc | 2135.0 | 198662 |
| Sonoco Products Co | 4993.0 | 306420 |
| Stericycle Inc\* | 4720.0 | 246054 |
| TD SYNNEX Corp | 2202.0 | 225265 |
| Terex Corp | 3471.0 | 159354 |
| Tetra Tech Inc | 2730.0 | 422031 |
| The Timken Co | 3540.0 | 268969 |
| TopBuild Corp\* | 1687.0 | 259933 |
| The Toro Co | 5354.0 | 594240 |
| Trex Co Inc\* | 5646.0 | 259095 |
| Universal Display Corp | 2297.0 | 258688 |
| Valmont Industries Inc | 1124.0 | 380654 |
| Vicor Corp\* | 1141.0 | 61603 |
| Vishay Intertechnology Inc | 7033.0 | 162040 |
| Vontier Corp | 8087.0 | 158748 |
| Watts Water Technologies Inc | 1449.0 | 229594 |
| Werner Enterprises Inc | 2668.0 | 117339 |
| Woodward Inc | 3080.0 | 295064 |
| Worthington Industries Inc | 755.0 | 42839 |
| XPO Logistics Inc\* | 5224.0 | 201751 |
| **Total Industrial** |  | 22972825 |
| **Technology (8.23%)** |  |  |
| ACI Worldwide Inc\* | 5840.0 | 122056 |
| Amkor Technology Inc | 5309.0 | 148758 |
| Aspen Technology Inc\* | 1511.0 | 348286 |
| Blackbaud Inc\* | 2228.0 | 132054 |
| CACI International Inc\* | 1199.0 | 374448 |
| Cirrus Logic Inc\* | 2864.0 | 213969 |
| CommVault Systems Inc\* | 2294.0 | 151404 |
| Concentrix Corp | 2269.0 | 277680 |
| Dynatrace Inc\* | 10299.0 | 399086 |
| Envestnet Inc\* | 3017.0 | 178063 |
| ExlService Holdings Inc\* | 1693.0 | 316930 |
| Fair Isaac Corp\*<sup>,(a)</sup> | 1309.0 | 811213 |
| Genpact Ltd | 8644.0 | 398575 |
| IPG Photonics Corp\* | 1370.0 | 124711 |
| KBR Inc | 7120.0 | 367890 |
| Kyndryl Holdings Inc\* | 9501.0 | 111257 |
| Lattice Semiconductor Corp\* | 7031.0 | 512068 |
| Lumentum Holdings Inc\* | 3621.0 | 198938 |
| MACOM Technology Solutions Holdings Inc\* | 2571.0 | 176602 |
| Manhattan Associates Inc\* | 3211.0 | 404393 |
| Maximus Inc | 3258.0 | 229037 |
| MKS Instruments Inc | 2939.0 | 246465 |
| NCR Corp\* | 7171.0 | 171172 |
| Power Integrations Inc | 2928.0 | 235645 |
| Qualys Inc\* | 1539.0 | 189789 |
| Science Applications International Corp | 2858.0 | 314694 |
| Semtech Corp\* | 3441.0 | 105776 |
| Silicon Laboratories Inc\* | 1752.0 | 254811 |
| SiTime Corp\* | 786.0 | 82892 |
| Synaptics Inc\* | 2090.0 | 221477 |
| Teradata Corp\* | 5506.0 | 188030 |
| Wolfspeed Inc\* | 6331.0 | 575615 |
| Xerox Holdings Corp | 6258.0 | 102068 |

---

---

| | | |
|:---|:---|:---|
| **Total Technology** |  | 8685852 |
| **Utilities (4.20%)** |  |  |
| ALLETE Inc | 2880.0 | 190656 |
| Black Hills Corp | 3364.0 | 240963 |
| Essential Utilities Inc | 11853.0 | 571789 |
| Hawaiian Electric Industries Inc | 5793.0 | 237976 |
| IDACORP Inc | 2677.0 | 295889 |
| National Fuel Gas Co | 4832.0 | 320023 |
| New Jersey Resources Corp | 5111.0 | 254272 |
| NorthWestern Corp | 2732.0 | 159576 |
| OGE Energy Corp | 10251.0 | 414755 |
| ONE Gas Inc | 2835.0 | 246503 |
| Ormat Technologies Inc | 2357.0 | 213144 |
| PNM Resources Inc | 4449.0 | 218001 |
| Portland General Electric Co | 4692.0 | 230987 |
| Southwest Gas Holdings Inc | 3218.0 | 220304 |
| Spire Inc | 2739.0 | 202960 |
| UGI Corp | 10721.0 | 414367 |
| **Total Utilities** |  | 4432165 |
| **Total Common Stock (Cost $78,124,712)** |  | 112448943 |
| **United States Treasury Bills (0.85%)** |  |  |
| United States Treasury Bill (Cost $898,206) | 900000.0 | 898243 |
| **Collateral Received for Securities on Loan (0.67%)** |  |  |
| Mount Vernon Liquid Assets Portfolio, 7-Day Yield: 4.07% (Cost $711,178) |  | 711178 |
| **Total Investments (Cost $79,734,096) (108.03%)** |  | $114058364 |
| **Liabilities in Excess of Other Assets (-8.03%)** |  | (8482797) |
| **Net Assets (100.00%)** |  | $105575566 |

---

\* Non-income producing security.

# Loaned security; a portion of the security is on loan at November 30, 2022.

(a) A portion of these securities, a total of $6,034,214, have been pledged or segregated in connection with obligations for futures contracts.

**Futures contracts at November 30, 2022:** 

Contracts - $100 times premium / delivery month / commitment / exchange

---

| | | | |
|:---|:---|:---|:---|
| **S&P MidCap E-MINI** | **Notional Amount** | **Value** | **Unrealized Appreciation** |
| 3 / DEC 2022 / Long / CME | &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;752,700 | &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;773,940 | &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,240 |

---

**S&P SMALLCAP INDEX FUND** 

**Portfolio of Investments (Unaudited)** 

**November 30, 2022** 

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **Common Stock (108.05%)** |  |  |
| **Basic Materials (5.26%)** |  |  |
| AdvanSix Inc | 1786 | $73512 |
| American Vanguard Corp | 1902 | 43746 |
| Arconic Corp\* | 6331 | 150868 |
| ATI Inc\* | 7754 | 236575 |
| Balchem Corp | 2039 | 287091 |
| Carpenter Technology Corp | 2804 | 115132 |
| Clearwater Paper Corp\* | 1183 | 46172 |
| Compass Minerals International Inc | 2139 | 94865 |
| Hawkins Inc | 1183 | 49213 |
| Haynes International Inc | 896 | 44764 |
| HB Fuller Co | 3369 | 270564 |
| Innospec Inc | 1552 | 172101 |
| Kaiser Aluminum Corp | 1057 | 95553 |
| Koppers Holdings Inc | 1482 | 44149 |
| Livent Corp\*<sup>,(a)</sup> | 9782 | 273798 |
| Mativ Holdings Inc | 3544 | 73609 |
| Mercer International Inc | 2519 | 34762 |
| Quaker Chemical Corp | 854 | 168059 |
| Rogers Corp\* | 1190 | 129758 |
| Stepan Co | 1381 | 154078 |
| Sylvamo Corp | 2257 | 122081 |
| Trinseo PLC | 2275 | 56079 |
| **Total Basic Materials** |  | 2736529 |
| **Communications (4.09%)** |  |  |
| A10 Networks Inc | 3745 | 70069 |
| ADTRAN Holdings Inc | 3950 | 80067 |
| AMC Networks Inc\* | 1982 | 39561 |
| ATN International Inc | 779 | 37711 |
| Cars.com Inc\* | 4119 | 60879 |
| Clearfield Inc\* | 714 | 93977 |
| Cogent Communications Holdings Inc | 2695 | 156445 |
| Consolidated Communications Holdings Inc\* | 5162 | 23848 |
| ePlus Inc\* | 1798 | 89289 |
| Extreme Networks Inc\* | 7992 | 167592 |
| The EW Scripps Co\* | 3903 | 58467 |
| Gogo Inc\* | 4207 | 66008 |
| Harmonic Inc\* | 6868 | 105355 |
| HealthStream Inc\* | 1518 | 38557 |
| InterDigital Inc | 1985 | 99587 |
| Liquidity Services Inc\* | 1928 | 32178 |
| NETGEAR Inc\* | 1998 | 39421 |
| Perficient Inc\* | 2092 | 148637 |
| QuinStreet Inc\* | 3238 | 46077 |
| Scholastic Corp | 1976 | 81253 |
| Shenandoah Telecommunications Co | 3229 | 62869 |
| Shutterstock Inc | 1461 | 78631 |
| TechTarget Inc\* | 1557 | 71093 |
| Telephone and Data Systems Inc | 6350 | 66929 |
| Thryv Holdings Inc\* | 1075 | 20619 |
| Viavi Solutions Inc\* | 14231 | 161237 |
| Yelp Inc\* | 4191 | 129711 |
| **Total Communications** |  | 2126067 |
| **Consumer, Cyclical (15.58%)** |  |  |
| Abercrombie & Fitch Co\* | 3149 | 75513 |
| Academy Sports & Outdoors Inc | 5334 | 269260 |
| Allegiant Travel Co\* | 873 | 72119 |
| American Axle & Manufacturing Holdings Inc\* | 7476 | 77825 |
| America's Car-Mart Inc\* | 397 | 28886 |
| Asbury Automotive Group Inc\* | 1392 | 261167 |
| Bed Bath & Beyond Inc\* | 4987 | 16956 |
| Big Lots Inc | 1911 | 37265 |
| BJ's Restaurants Inc\* | 1372 | 44014 |
| Bloomin' Brands Inc | 5042 | 113546 |
| Boot Barn Holdings Inc\* | 1856 | 125002 |
| Brinker International Inc\* | 2790 | 93326 |
| The Buckle Inc | 1891 | 83109 |
| Caleres Inc | 2523 | 60956 |
| Cavco Industries Inc\* | 542 | 124459 |
| The Cheesecake Factory Inc | 3118 | 109255 |
| Century Communities Inc | 1701 | 81920 |
| Chico's FAS Inc\* | 8496 | 49872 |

---

---

| | | |
|:---|:---|:---|
| The Children's Place Inc\* | 804.0 | 28542 |
| Chuy's Holdings Inc\* | 1345.0 | 42623 |
| Cinemark Holdings Inc\* | 6765.0 | 92072 |
| Dave & Buster's Entertainment Inc\* | 2448.0 | 97088 |
| Designer Brands Inc | 3952.0 | 60466 |
| Dine Brands Global Inc | 1098.0 | 81900 |
| Dorman Products Inc\* | 1768.0 | 158484 |
| Ethan Allen Interiors Inc | 1450.0 | 41253 |
| Genesco Inc\* | 894.0 | 46667 |
| Gentherm Inc\* | 2093.0 | 149838 |
| G-III Apparel Group Ltd\* | 2872.0 | 62121 |
| GMS Inc\* | 2688.0 | 131981 |
| Golden Entertainment Inc\* | 1277.0 | 56584 |
| Green Brick Partners Inc\* | 1442.0 | 34868 |
| Group 1 Automotive Inc | 1036.0 | 200300 |
| Guess? Inc | 2510.0 | 52108 |
| Hawaiian Holdings Inc\* | 3036.0 | 42200 |
| Healthcare Services Group Inc | 4744.0 | 66179 |
| Hibbett Inc | 761.0 | 50728 |
| HNI Corp | 2445.0 | 70905 |
| Installed Building Products Inc | 1478.0 | 125527 |
| Interface Inc | 4184.0 | 45313 |
| iRobot Corp\* | 1698.0 | 88449 |
| Jack in the Box Inc | 1301.0 | 94062 |
| KAR Auction Services Inc\* | 7573.0 | 104053 |
| Kontoor Brands Inc | 2904.0 | 126179 |
| La-Z-Boy Inc | 2792.0 | 76026 |
| LCI Industries | 1627.0 | 160845 |
| LGI Homes Inc\* | 1345.0 | 133612 |
| M/I Homes Inc\* | 1897.0 | 85706 |
| MarineMax Inc\* | 1369.0 | 45218 |
| MDC Holdings Inc | 3636.0 | 117915 |
| Meritage Homes Corp\* | 2292.0 | 198052 |
| Methode Electronics Inc | 2332.0 | 106526 |
| Monarch Casino & Resort Inc\* | 854.0 | 72462 |
| Movado Group Inc | 1175.0 | 37823 |
| National Vision Holdings Inc\* | 5124.0 | 207317 |
| The ODP Corp\* | 2734.0 | 131587 |
| Oxford Industries Inc | 1009.0 | 113876 |
| Patrick Industries Inc | 1365.0 | 76344 |
| PC Connection Inc | 791.0 | 43940 |
| PetMed Express Inc | 1445.0 | 28611 |
| PriceSmart Inc | 1558.0 | 110680 |
| Resideo Technologies Inc\* | 8667.0 | 140405 |
| Ruth's Hospitality Group Inc | 1944.0 | 34039 |
| Sally Beauty Holdings Inc\* | 6888.0 | 81003 |
| ScanSource Inc\* | 1608.0 | 48015 |
| Shake Shack Inc\* | 2372.0 | 124767 |
| Shoe Carnival Inc | 1280.0 | 33805 |
| Signet Jewelers Ltd | 2982.0 | 193830 |
| Six Flags Entertainment Corp\* | 4859.0 | 117053 |
| SkyWest Inc\* | 3356.0 | 61918 |
| Sleep Number Corp\* | 1501.0 | 43904 |
| Sonic Automotive Inc | 1220.0 | 64831 |
| Sonos Inc\* | 8012.0 | 140450 |
| Standard Motor Products Inc | 1301.0 | 49971 |
| Steven Madden Ltd | 4819.0 | 166448 |
| Titan International Inc\* | 3341.0 | 47877 |
| Tri Pointe Homes Inc\* | 6461.0 | 119141 |
| Tupperware Brands Corp\* | 3285.0 | 15210 |
| UniFirst Corp | 959.0 | 185816 |
| Urban Outfitters Inc\* | 4003.0 | 115847 |
| Veritiv Corp | 911.0 | 122566 |
| Vista Outdoor Inc\* | 3609.0 | 100944 |
| Wabash National Corp | 3062.0 | 76764 |
| Winnebago Industries Inc | 2107.0 | 123449 |
| Wolverine World Wide Inc | 5154.0 | 57725 |
| World Fuel Services Corp | 4080.0 | 116076 |
| XPEL Inc\* | 1041.0 | 71361 |
| Xperi Inc\* | 2616.0 | 28017 |
| **Total Consumer, Cyclical** |  | 8102712 |
| **Consumer, Non-Cyclical (19.58%)** |  |  |
| The Aaron's Co Inc | 2245.0 | 27367 |
| ABM Industries Inc | 4177.0 | 197071 |
| AdaptHealth Corp\* | 6123.0 | 136604 |
| Addus HomeCare Corp\* | 991.0 | 109287 |
| Adtalem Global Education Inc\* | 2841.0 | 118186 |
| Alarm.com Holdings Inc\* | 2918.0 | 145608 |
| AMN Healthcare Services Inc\*<sup>,(a)</sup> | 2814.0 | 348092 |
| Amphastar Pharmaceuticals Inc\* | 2454.0 | 72368 |
| The Andersons Inc | 2041.0 | 78579 |
| AngioDynamics Inc\* | 2422.0 | 31365 |

---

---

| | | |
|:---|:---|:---|
| ANI Pharmaceuticals Inc\* | 753 | 31588 |
| Arcus Biosciences Inc\* | 2864 | 100727 |
| Arlo Technologies Inc\* | 5260 | 20093 |
| Artivion Inc\* | 2686 | 34354 |
| Avanos Medical Inc\* | 3101 | 83417 |
| Avid Bioservices Inc\* | 3882 | 60792 |
| B&G Foods Inc<sup>#</sup> | 4291 | 56984 |
| BioLife Solutions Inc\* | 1847 | 39101 |
| Calavo Growers Inc | 1095 | 38281 |
| Cal-Maine Foods Inc | 2229 | 129906 |
| Cardiovascular Systems Inc\* | 2591 | 36300 |
| Central Garden & Pet Co\* | 702 | 28817 |
| Central Garden & Pet Co\* | 2610 | 101973 |
| The Chefs' Warehouse Inc\* | 1825 | 70901 |
| Coherus Biosciences Inc\* | 4320 | 29635 |
| CONMED Corp | 1871 | 155012 |
| Corcept Therapeutics Inc\* | 5978 | 151124 |
| CoreCivic Inc\* | 7761 | 103066 |
| CorVel Corp\* | 591 | 90405 |
| Cross Country Healthcare Inc\* | 2325 | 83189 |
| Cutera Inc\* | 1019 | 48484 |
| Cytokinetics Inc\* | 5392 | 229160 |
| Deluxe Corp | 2788 | 53920 |
| Dynavax Technologies Corp\* | 7524 | 93373 |
| Edgewell Personal Care Co | 3298 | 142507 |
| elf Beauty Inc\* | 2547 | 139983 |
| Embecta Corp | 3576 | 117722 |
| Emergent BioSolutions Inc\* | 3037 | 37355 |
| Enanta Pharmaceuticals Inc\* | 1144 | 50096 |
| The Ensign Group Inc<sup>(a)</sup> | 3306 | 314070 |
| EVERTEC Inc | 3795 | 128157 |
| Forrester Research Inc\* | 760 | 26737 |
| Fresh Del Monte Produce Inc | 1961 | 54280 |
| Fulgent Genetics Inc\* | 1246 | 45192 |
| The GEO Group Inc\* | 6097 | 72067 |
| Glaukos Corp\* | 2792 | 130023 |
| Green Dot Corp\* | 3393 | 69149 |
| Harmony Biosciences Holdings Inc\* | 1410 | 84276 |
| Heidrick & Struggles International Inc | 1373 | 40778 |
| Heska Corp\* | 688 | 44273 |
| Hostess Brands Inc\* | 8716 | 230102 |
| Innoviva Inc\* | 4184 | 54936 |
| Inogen Inc\* | 1194 | 26650 |
| Integer Holdings Corp\* | 2079 | 154511 |
| Inter Parfums Inc | 1165 | 111013 |
| Ironwood Pharmaceuticals Inc\* | 9681 | 117237 |
| iTeos Therapeutics Inc\* | 1290 | 25994 |
| J & J Snack Foods Corp | 935 | 153359 |
| John B Sanfilippo & Son Inc | 629 | 53270 |
| Kelly Services Inc | 2377 | 40385 |
| Korn Ferry | 3367 | 192020 |
| LeMaitre Vascular Inc | 1174 | 55002 |
| Ligand Pharmaceuticals Inc\* | 1059 | 77201 |
| LiveRamp Holdings Inc\* | 4290 | 94208 |
| Medifast Inc | 695 | 87605 |
| Meridian Bioscience Inc\* | 2867 | 91744 |
| Merit Medical Systems Inc\* | 3169 | 228168 |
| MGP Ingredients Inc | 782 | 97797 |
| ModivCare Inc\* | 822 | 63294 |
| Monro Inc | 2095 | 95260 |
| Myriad Genetics Inc\* | 4997 | 101239 |
| National Beverage Corp | 1539 | 79305 |
| Nektar Therapeutics\* | 11864 | 33219 |
| NeoGenomics Inc\* | 7328 | 82147 |
| OmniAb Inc\* | 5189 | 18369 |
| Omniab Inc-12.5\*<sup>, (b)</sup> | 401 |  |
| Omniab Inc-15<sup>\*, (b)</sup> | 401 |  |
| Orthofix Medical Inc\* | 1364 | 24538 |
| Owens & Minor Inc | 4502 | 92786 |
| Pacira BioSciences Inc\* | 2858 | 137899 |
| Pediatrix Medical Group Inc\* | 5538 | 88497 |
| The Pennant Group Inc\* | 1684 | 17413 |
| Perdoceo Education Corp\* | 4611 | 66168 |
| Prestige Consumer Healthcare Inc\* | 3220 | 197901 |
| PROG Holdings Inc\* | 3561 | 70116 |
| Quanex Building Products Corp | 2085 | 49560 |
| RadNet Inc\* | 2988 | 59073 |
| REGENXBIO Inc\* | 1997 | 47728 |
| Rent-A-Center Inc | 3361 | 80966 |
| Resources Connection Inc | 2156 | 41611 |
| Select Medical Holdings Corp | 6446 | 158443 |
| The Simply Good Foods Co\* | 5356 | 213704 |
| SpartanNash Co | 2264 | 74372 |

---

---

| | | |
|:---|:---|:---|
| Strategic Education Inc | 1425 | 116565 |
| Stride Inc\* | 2690.0 | 95253 |
| Supernus Pharmaceuticals Inc\* | 3336.0 | 122498 |
| Surmodics Inc\* | 970.0 | 35046 |
| Tootsie Roll Industries Inc | 1145.0 | 51468 |
| TreeHouse Foods Inc\* | 3542.0 | 175081 |
| TrueBlue Inc\* | 2078.0 | 44843 |
| uniQure NV\* | 2283.0 | 60408 |
| United Natural Foods Inc\* | 3630.0 | 173078 |
| Universal Corp | 1631.0 | 92820 |
| US Physical Therapy Inc | 855.0 | 73881 |
| USANA Health Sciences Inc\* | 735.0 | 40454 |
| Vanda Pharmaceuticals Inc\* | 3820.0 | 41676 |
| Varex Imaging Corp\* | 2748.0 | 58368 |
| Vector Group Ltd | 8486.0 | 94195 |
| Vericel Corp\* | 2991.0 | 68285 |
| Viad Corp\* | 1286.0 | 38078 |
| Vir Biotechnology Inc\* | 4602.0 | 129868 |
| WD-40 Co | 853.0 | 142878 |
| Xencor Inc\* | 3681.0 | 109399 |
| **Total Consumer, Non-Cyclical** |  | 10180746 |
| **Energy (5.37%)** |  |  |
| Archrock Inc | 8479.0 | 73852 |
| Bristow Group Inc\* | 1489.0 | 38714 |
| Callon Petroleum Co\* | 3051.0 | 127898 |
| Civitas Resources Inc | 3210.0 | 216226 |
| CONSOL Energy Inc | 1985.0 | 153738 |
| Core Laboratories NV | 2961.0 | 64194 |
| Dril-Quip Inc\* | 2345.0 | 55201 |
| Green Plains Inc\* | 3445.0 | 119059 |
| Helix Energy Solutions Group Inc\* | 9162.0 | 58454 |
| Helmerich & Payne Inc<sup>(a)</sup> | 6602.0 | 337230 |
| Laredo Petroleum Inc\* | 645.0 | 41170 |
| Nabors Industries Ltd\* | 420.0 | 66499 |
| NOW Inc\* | 5519.0 | 68877 |
| Oceaneering International Inc\* | 6554.0 | 99555 |
| Par Pacific Holdings Inc\* | 2639.0 | 61832 |
| Patterson-UTI Energy Inc | 12535.0 | 225003 |
| PBF Energy Inc | 5984.0 | 237984 |
| ProPetro Holding Corp\* | 5328.0 | 58501 |
| Ranger Oil Corp | 964.0 | 42001 |
| REX American Resources Corp\* | 990.0 | 29215 |
| RPC Inc | 3687.0 | 34142 |
| SM Energy Co<sup>(a)</sup> | 7601.0 | 327679 |
| SunCoke Energy Inc | 5463.0 | 46217 |
| Talos Energy Inc\* | 1436.0 | 28217 |
| US Silica Holdings Inc\* | 4697.0 | 61484 |
| Warrior Met Coal Inc | 3238.0 | 119223 |
| **Total Energy** |  | 2792165 |
| **Financial (28.41%)** |  |  |
| *Banks (11.72%)* |  |  |
| Ameris Bancorp | 4211.0 | 222678 |
| BancFirst Corp | 1006.0 | 102552 |
| The Bancorp Inc\* | 3287.0 | 98511 |
| BankUnited Inc | 5147.0 | 188998 |
| Banner Corp | 2195.0 | 155011 |
| Central Pacific Financial Corp | 1761.0 | 37316 |
| City Holding Co | 952.0 | 97028 |
| Columbia Banking System Inc | 4632.0 | 157766 |
| Community Bank System Inc | 3367.0 | 219326 |
| Customers Bancorp Inc\* | 1891.0 | 61023 |
| CVB Financial Corp | 8024.0 | 230128 |
| Dime Community Bancshares Inc | 1639.0 | 58463 |
| Eagle Bancorp Inc | 2012.0 | 94886 |
| FB Financial Corp | 2073.0 | 88745 |
| First BanCorp/Puerto Rico | 12629.0 | 194234 |
| First Bancorp | 2219.0 | 107910 |
| First Commonwealth Financial Corp | 5896.0 | 86789 |
| First Financial Bancorp | 5905.0 | 156069 |
| First Hawaiian Inc | 7746.0 | 205656 |
| Flagstar Bancorp Inc | 3398.0 | 127561 |
| Hanmi Financial Corp | 1915.0 | 51801 |
| Heritage Financial Corp | 2370.0 | 77973 |
| Hilltop Holdings Inc | 3128.0 | 93214 |
| HomeStreet Inc | 1321.0 | 36063 |
| Hope Bancorp Inc | 7571.0 | 103117 |
| Independent Bank Corp | 2922.0 | 264496 |
| Independent Bank Group Inc | 2326.0 | 153376 |
| Lakeland Financial Corp | 1632.0 | 128863 |
| National Bank Holdings Corp | 1877.0 | 87299 |
| NBT Bancorp Inc | 2730.0 | 126017 |

---

---

| | | |
|:---|:---|:---|
| OFG Bancorp | 3140 | 90966 |
| Park National Corp | 928.0 | 140434 |
| Pathward Financial Inc | 1867.0 | 81271 |
| Preferred Bank | 877.0 | 66292 |
| Renasant Corp | 3511.0 | 143143 |
| S&T Bancorp Inc | 2541.0 | 95084 |
| Seacoast Banking Corp of Florida | 3573.0 | 122840 |
| ServisFirst Bancshares Inc | 3052.0 | 231403 |
| Simmons First National Corp | 7916.0 | 183730 |
| Southside Bancshares Inc | 2091.0 | 75987 |
| Stellar Bancorp Inc | 1704.0 | 57612 |
| Tompkins Financial Corp | 798.0 | 66665 |
| Triumph Financial Inc\* | 1485.0 | 88744 |
| TrustCo Bank Corp NY | 1199.0 | 46569 |
| Trustmark Corp | 3968.0 | 145149 |
| United Community Banks Inc | 6727.0 | 262151 |
| Veritex Holdings Inc | 3196.0 | 104381 |
| Walker & Dunlop Inc | 1860.0 | 166117 |
| Westamerica BanCorp | 1692.0 | 104481 |
|  |  | 6085888 |
| *Diversified Financial Service (2.01%)* |  |  |
| B Riley Financial Inc | 1016.0 | 44623 |
| Blucora Inc\* | 3171.0 | 79434 |
| Brightsphere Investment Group Inc | 2258.0 | 45973 |
| Encore Capital Group Inc\* | 1562.0 | 78725 |
| Enova International Inc\* | 2136.0 | 86166 |
| EZCORP Inc\* | 3353.0 | 33597 |
| Mr Cooper Group Inc\* | 4570.0 | 206381 |
| Piper Sandler Cos | 918.0 | 131880 |
| PRA Group Inc\* | 2485.0 | 85434 |
| StoneX Group Inc\* | 1067.0 | 108268 |
| Virtus Investment Partners Inc | 449.0 | 87079 |
| WisdomTree Inc | 7365.0 | 41023 |
| World Acceptance Corp\* | 265.0 | 18791 |
|  |  | 1047374 |
| *Insurance (3.14%)* |  |  |
| Ambac Financial Group Inc\* | 2813.0 | 45739 |
| American Equity Investment Life Holding Co | 4861.0 | 196919 |
| AMERISAFE Inc | 1293.0 | 76765 |
| Assured Guaranty Ltd | 4033.0 | 268477 |
| Employers Holdings Inc | 1761.0 | 81834 |
| Genworth Financial Inc\* | 32702.0 | 164491 |
| Horace Mann Educators Corp | 2613.0 | 100836 |
| James River Group Holdings Ltd | 2043.0 | 49073 |
| NMI Holdings Inc\* | 5506.0 | 118544 |
| Palomar Holdings Inc\* | 1266.0 | 79429 |
| ProAssurance Corp | 3557.0 | 71104 |
| Safety Insurance Group Inc | 874.0 | 80181 |
| SiriusPoint Ltd\* | 5736.0 | 37399 |
| Stewart Information Services Corp | 1698.0 | 75153 |
| Trupanion Inc\* | 2205.0 | 115255 |
| United Fire Group Inc | 1524.0 | 46558 |
| Universal Insurance Holdings Inc | 2188.0 | 24046 |
|  |  | 1631803 |
| *Real Estate (9.44%)* |  |  |
| Acadia Realty Trust | 5770.0 | 88743 |
| Agree Realty Corp<sup>(a)</sup> | 4485.0 | 313726 |
| Alexander & Baldwin Inc | 4568.0 | 90218 |
| American Assets Trust Inc | 3246.0 | 95075 |
| Anywhere Real Estate Inc\* | 7684.0 | 58014 |
| Apollo Commercial Real Estate Finance Inc | 8591.0 | 106185 |
| Armada Hoffler Properties Inc | 3969.0 | 48223 |
| ARMOUR Residential REIT Inc | 4218.0 | 24802 |
| Brandywine Realty Trust | 10779.0 | 74483 |
| CareTrust REIT Inc | 6061.0 | 120008 |
| Centerspace | 832.0 | 53664 |
| Chatham Lodging Trust\* | 3361.0 | 44937 |
| Community Healthcare Trust Inc | 1456.0 | 51339 |
| DiamondRock Hospitality Co | 13438.0 | 126452 |
| Easterly Government Properties Inc | 5311.0 | 84126 |
| Ellington Financial Inc | 3507.0 | 47835 |
| Elme Communities | 5482.0 | 108324 |
| Essential Properties Realty Trust Inc | 8667.0 | 201161 |
| Four Corners Property Trust Inc | 4936.0 | 133963 |
| Franklin BSP Realty Trust Inc | 3736.0 | 54546 |
| Getty Realty Corp | 2449.0 | 80866 |
| Global Net Lease Inc | 5985.0 | 80977 |
| Granite Point Mortgage Trust Inc | 3929.0 | 25185 |
| Industrial Logistics Properties Trust | 4361.0 | 17749 |
| Innovative Industrial Properties Inc | 1708.0 | 207027 |
| Invesco Mortgage Capital Inc | 2004.0 | 26313 |
| iStar Inc | 4376.0 | 35139 |
| KKR Real Estate Finance Trust Inc | 2854.0 | 47234 |

---

---

| | | |
|:---|:---|:---|
| LTC Properties Inc | 2465 | 96850 |
| LXP Industrial Trust | 17951.0 | 193153 |
| Marcus & Millichap Inc | 1681.0 | 62600 |
| New York Mortgage Trust Inc | 24542.0 | 68963 |
| NexPoint Residential Trust Inc | 1473.0 | 70837 |
| Office Properties Income Trust | 3225.0 | 49310 |
| Orion Office REIT Inc | 3501.0 | 32524 |
| Outfront Media Inc | 8904.0 | 162854 |
| PennyMac Mortgage Investment Trust | 5744.0 | 87711 |
| RE/MAX Holdings Inc | 1277.0 | 26562 |
| Ready Capital Corp | 2655.0 | 35577 |
| Redwood Trust Inc | 7449.0 | 58847 |
| Retail Opportunity Investments Corp | 7888.0 | 120292 |
| RPT Realty | 5757.0 | 64478 |
| Safehold Inc | 1281.0 | 37815 |
| Saul Centers Inc | 843.0 | 36333 |
| Service Properties Trust | 10635.0 | 83485 |
| SITE Centers Corp | 11541.0 | 156842 |
| The St Joe Co | 2077.0 | 79819 |
| Summit Hotel Properties Inc | 6976.0 | 59645 |
| Sunstone Hotel Investors Inc | 13489.0 | 148244 |
| Tanger Factory Outlet Centers Inc | 6168.0 | 119968 |
| Two Harbors Investment Corp | 5061.0 | 83000 |
| Uniti Group Inc | 14870.0 | 113309 |
| Universal Health Realty Income Trust | 828.0 | 43462 |
| Urban Edge Properties | 6914.0 | 108757 |
| Urstadt Biddle Properties Inc | 2141.0 | 40957 |
| Veris Residential Inc\* | 5085.0 | 81665 |
| Whitestone REIT | 2907.0 | 28285 |
| Xenia Hotels & Resorts Inc | 7194.0 | 110931 |
|  |  | 4909389 |
| *Savings & Loans (2.10%)* |  |  |
| Axos Financial Inc\* | 3322.0 | 133245 |
| Banc of California Inc | 3213.0 | 54525 |
| Berkshire Hills Bancorp Inc | 3076.0 | 95910 |
| Brookline Bancorp Inc | 5218.0 | 74200 |
| Capitol Federal Financial Inc | 8349.0 | 69881 |
| Northfield Bancorp Inc | 2687.0 | 42858 |
| Northwest Bancshares Inc | 7972.0 | 121892 |
| Pacific Premier Bancorp Inc | 5653.0 | 208878 |
| Provident Financial Services Inc | 4301.0 | 96902 |
| WSFS Financial Corp | 4043.0 | 196126 |
|  |  | 1094417 |
| **Total Financial** |  | 14768871 |
| **Industrial (19.35%)** |  |  |
| AAON Inc | 2637.0 | 209009 |
| AAR Corp\* | 2190.0 | 101966 |
| Advanced Energy Industries Inc | 2372.0 | 219742 |
| Aerojet Rocketdyne Holdings Inc\* | 4783.0 | 248716 |
| AeroVironment Inc\* | 1474.0 | 135593 |
| Alamo Group Inc | 650.0 | 97825 |
| Albany International Corp | 1967.0 | 199395 |
| American Woodmark Corp\* | 1115.0 | 60433 |
| Apogee Enterprises Inc | 1386.0 | 66875 |
| Applied Industrial Technologies Inc<sup>(a)</sup> | 2422.0 | 320891 |
| ArcBest Corp | 1556.0 | 128790 |
| Arcosa Inc | 3115.0 | 190327 |
| Astec Industries Inc | 1504.0 | 66537 |
| Atlas Air Worldwide Holdings Inc\* | 1637.0 | 164960 |
| AZZ Inc | 1564.0 | 65109 |
| Badger Meter Inc | 1884.0 | 218205 |
| Barnes Group Inc | 2934.0 | 124959 |
| Benchmark Electronics Inc | 2194.0 | 63341 |
| Boise Cascade Co | 2535.0 | 187691 |
| Brady Corp | 3056.0 | 146382 |
| Comfort Systems USA Inc | 2255.0 | 285844 |
| CTS Corp | 2004.0 | 85170 |
| Dorian LPG Ltd | 2072.0 | 40342 |
| DXP Enterprises Inc\* | 1147.0 | 29627 |
| Encore Wire Corp | 1275.0 | 186290 |
| Enerpac Tool Group Corp | 3859.0 | 96629 |
| EnPro Industries Inc | 1297.0 | 154084 |
| ESCO Technologies Inc | 1684.0 | 158313 |
| Exponent Inc<sup>(a)</sup> | 3237.0 | 334738 |
| Fabrinet\* | 2343.0 | 312580 |
| FARO Technologies Inc\* | 1177.0 | 35216 |
| Federal Signal Corp | 3821.0 | 185662 |
| Forward Air Corp | 1722.0 | 193501 |
| Franklin Electric Co Inc | 2481.0 | 206667 |
| Frontdoor Inc\* | 5176.0 | 120963 |
| Gibraltar Industries Inc\* | 2180.0 | 110330 |

---

---

| | | |
|:---|:---|:---|
| Granite Construction Inc | 2886 | 103954 |
| The Greenbrier Cos Inc | 2166.0 | 83153 |
| Griffon Corp | 3050.0 | 107696 |
| Harsco Corp\* | 5252.0 | 39285 |
| Heartland Express Inc | 2909.0 | 48697 |
| Hillenbrand Inc | 4479.0 | 223950 |
| Hub Group Inc\* | 2139.0 | 179997 |
| Ichor Holdings Ltd\* | 1611.0 | 47976 |
| Insteel Industries Inc | 1310.0 | 38632 |
| Itron Inc\* | 2868.0 | 152520 |
| John Bean Technologies Corp | 1987.0 | 182526 |
| Kaman Corp | 1860.0 | 37888 |
| Knowles Corp\* | 6051.0 | 94396 |
| Lindsay Corp | 685.0 | 120896 |
| Marten Transport Ltd | 3797.0 | 80914 |
| Materion Corp | 1281.0 | 103197 |
| Matson Inc | 2532.0 | 161440 |
| Matthews International Corp | 2048.0 | 64840 |
| Mesa Laboratories Inc | 287.0 | 48552 |
| Moog Inc | 1811.0 | 157611 |
| Mueller Industries Inc | 3631.0 | 249704 |
| Myers Industries Inc | 2544.0 | 59377 |
| MYR Group Inc\* | 1085.0 | 103650 |
| NV5 Global Inc\* | 742.0 | 107226 |
| O-I Glass Inc\* | 10182.0 | 167087 |
| OSI Systems Inc\* | 1028.0 | 90957 |
| PGT Innovations Inc\* | 3924.0 | 77656 |
| Plexus Corp\* | 1779.0 | 196081 |
| Proto Labs Inc\* | 1786.0 | 47365 |
| Sanmina Corp\* | 3800.0 | 251142 |
| SPX Technologies Inc\* | 2841.0 | 190063 |
| Standex International Corp | 817.0 | 85826 |
| Sturm Ruger & Co Inc | 1189.0 | 65312 |
| Tennant Co | 1234.0 | 78396 |
| TimkenSteel Corp\* | 2857.0 | 53426 |
| Trinity Industries Inc | 4405.0 | 134925 |
| Triumph Group Inc\* | 3587.0 | 41071 |
| TTM Technologies Inc\* | 6638.0 | 106673 |
| UFP Industries Inc | 3958.0 | 324002 |
| **Total Industrial** |  | 10060761 |
| **Technology (7.93%)** |  |  |
| 3D Systems Corp\* | 8262.0 | 83777 |
| 8x8 Inc\* | 6972.0 | 29840 |
| Adeia Inc | 6541.0 | 72278 |
| Agilysys Inc\* | 1224.0 | 81274 |
| Allscripts Healthcare Solutions Inc\* | 7247.0 | 137258 |
| Alpha & Omega Semiconductor Ltd\* | 1334.0 | 46797 |
| Apollo Medical Holdings Inc\* | 2391.0 | 68048 |
| Axcelis Technologies Inc\* | 2091.0 | 166987 |
| Cerence Inc\* | 2459.0 | 50434 |
| CEVA Inc\* | 1480.0 | 40212 |
| Cohu Inc\* | 2793.0 | 100045 |
| Computer Programs and Systems Inc\* | 894.0 | 26462 |
| Consensus Cloud Solutions Inc\* | 1021.0 | 57983 |
| Corsair Gaming Inc\* | 2073.0 | 34972 |
| CSG Systems International Inc | 1943.0 | 120155 |
| Digi International Inc\* | 2028.0 | 86129 |
| Digital Turbine Inc\* | 5553.0 | 101398 |
| Diodes Inc\* | 2808.0 | 258982 |
| Donnelley Financial Solutions Inc\* | 1747.0 | 66700 |
| Ebix Inc | 1594.0 | 30270 |
| FormFactor Inc\* | 4926.0 | 113643 |
| Insight Enterprises Inc\* | 2197.0 | 228290 |
| Kulicke & Soffa Industries Inc | 3721.0 | 178422 |
| LivePerson Inc\* | 4137.0 | 48568 |
| MaxLinear Inc\* | 4450.0 | 162870 |
| NetScout Systems Inc\* | 4707.0 | 175477 |
| NextGen Healthcare Inc\* | 3468.0 | 72134 |
| Onto Innovation Inc\* | 3158.0 | 252482 |
| PDF Solutions Inc\* | 1992.0 | 62489 |
| Photronics Inc\* | 4101.0 | 77099 |
| Pitney Bowes Inc | 9991.0 | 38166 |
| Progress Software Corp | 2733.0 | 145724 |
| Rambus Inc\* | 6889.0 | 264400 |
| Simulations Plus Inc | 871.0 | 35354 |
| SMART Global Holdings Inc\* | 2976.0 | 50324 |
| SPS Commerce Inc\*<sup>,(a)</sup> | 2276.0 | 323784 |
| TTEC Holdings Inc | 1178.0 | 56485 |
| Ultra Clean Holdings Inc\* | 2695.0 | 96023 |
| Unisys Corp\* | 3709.0 | 15949 |
| Veeco Instruments Inc\* | 3181.0 | 63238 |
| **Total Technology** |  | 4120922 |

---

---

| | | |
|:---|:---|:---|
| **Utilities (2.48%)** |  |  |
| American States Water Co | 2308.0 | 226161 |
| Avista Corp | 4542.0 | 187494 |
| California Water Service Group | 3304.0 | 214529 |
| Chesapeake Utilities Corp | 1108.0 | 132661 |
| Middlesex Water Co | 1127.0 | 105318 |
| Northwest Natural Holding Co | 2034.0 | 101924 |
| South Jersey Industries Inc | 7646.0 | 265316 |
| Unitil Corp | 1026.0 | 56245 |
| **Total Utilities** |  | 1289648 |
| **Total Common Stock (Cost $40,319,774)** |  | 56178421 |
| **United States Treasury Bills (0.58%)** |  |  |
| United States Treasury Bill (Cost $299,400) | 300000.0 | 299414 |
| **Right (0.01%)** |  |  |
| Lantheus Holdings Inc\*<sup>,(b)</sup> | 6190.0 | 7119 |
| **Collateral Received for Securities on Loan (0.11%)** |  |  |
| Mount Vernon Liquid Assets Portfolio, 7-Day Yield: 4.07% (Cost $59,472) |  | 59472 |
| **Total Investments (Cost $40,678,646) (108.75%)** |  | $56544426 |
| **Liabilities in Excess of Other Assets (-8.75%)** |  | (4549887) |
| **Net Assets (100.00%)** |  | $51994539 |

---

\* Non-income producing security.

# Loaned security; a portion of the security is on loan at November 30, 2022.

(a) A portion of these securities, a total of $2,894,008, have been pledged or segregated in connection with obligations for futures contracts.

(b) Level 3 security fair valued under procedures established by the Board of Trustees, represents 0.01% of net assets. The total value of the fair value securities is $7,119.

**Futures contracts at November 30, 2022:** 

Contracts - $50 times premium / delivery month / commitment / exchange

---

| | | | |
|:---|:---|:---|:---|
| **Russell 2000 MINI** | **Notional Amount** | **Value** | **Unrealized Appreciation** |
| 3 / DEC 2022 / Long / CME | &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;270,770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283,125 | &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,355 |

---

**SHELTON EQUITY INCOME FUND** 

**Portfolio of Investments (Unaudited)** 

**November 30, 2022** 

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **Common Stock (87.21%)** |  |  |
| **Basic Materials (0.97%)** |  |  |
| Dow Inc<sup>(a)</sup> | 17600 | $897072 |
| Newmont Corp<sup>(a)</sup> | 44200 | 2098174 |
| Sensient Technologies Corp<sup>(a)</sup> | 8500 | 635035 |
| **Total Basic Materials** |  | 3630281 |
| **Communications (12.85%)** |  |  |
| Alphabet Inc - A\*<sup>,(a)</sup> | 40600 | 4100194 |
| Alphabet Inc - C\*<sup>,(a)</sup> | 40600 | 4118870 |
| Amazon.com Inc\*<sup>,(a)</sup> | 72800 | 7028112 |
| AT&T Inc<sup>(a)</sup> | 274600 | 5294288 |
| Booking Holdings Inc\*<sup>,(a)</sup> | 1900 | 3950955 |
| Cisco Systems Inc<sup>(a)</sup> | 55500 | 2759460 |
| Comcast Corp<sup>(a)</sup> | 140000 | 5129600 |
| eBay Inc<sup>#,(a)</sup> | 20000 | 908800 |
| Meta Platforms Inc\*<sup>,(a)</sup> | 19000 | 2243900 |
| Motorola Solutions Inc<sup>(a)</sup> | 4600 | 1252120 |
| T-Mobile US Inc\*<sup>,(a)</sup> | 23800 | 3604748 |
| Verizon Communications Inc<sup>(a)</sup> | 110300 | 4299494 |
| The Walt Disney Co\*<sup>,(a)</sup> | 33500 | 3278645 |
| Warner Bros Discovery Inc\*<sup>,(a)</sup> | 30191 | 344177 |
| **Total Communications** |  | 48313363 |
| **Consumer, Cyclical (9.70%)** |  |  |
| Amerityre Corp\* | 20000000 | 820000 |
| Costco Wholesale Corp<sup>(a)</sup> | 16500 | 8897625 |
| DR Horton Inc<sup>#</sup>,<sup>(a)</sup> | 41300 | 3551800 |
| Ford Motor Co<sup>(a)</sup> | 54000 | 750600 |
| Hilton Worldwide Holdings Inc<sup>(a)</sup> | 16500 | 2353230 |
| LKQ Corp<sup>(a)</sup> | 20300 | 1102899 |
| McDonald's Corp<sup>(a)</sup> | 4700 | 1282113 |
| NIKE Inc<sup>(a)</sup> | 34600 | 3795274 |
| PACCAR Inc<sup>(a)</sup> | 14000 | 1482740 |
| Southwest Airlines Co\*<sup>,(a)</sup> | 33900 | 1352949 |
| Starbucks Corp<sup>(a)</sup> | 21000 | 2146200 |
| Target Corp<sup>(a)</sup> | 23500 | 3926145 |
| The TJX Cos Inc<sup>(a)</sup> | 36000 | 2881800 |
| Walmart Inc | 14000 | 2133880 |
| **Total Consumer, Cyclical** |  | 36477255 |
| **Consumer, Non-Cyclical (23.26%)** |  |  |
| Abbott Laboratories<sup>(a)</sup> | 29200 | 3141336 |
| AbbVie Inc<sup>(a)</sup> | 32400 | 5222232 |
| AmerisourceBergen Corp<sup>(a)</sup> | 19000 | 3243110 |
| Archer-Daniels-Midland Co<sup>#,(a)</sup> | 16000 | 1560000 |
| Biogen Inc\*<sup>,(a)</sup> | 6800 | 2075156 |
| Bristol-Myers Squibb Co<sup>(a)</sup> | 35800 | 2874024 |
| Centene Corp\*<sup>,(a)</sup> | 30000 | 2611500 |
| The Coca-Cola Co<sup>#,(a)</sup> | 67800 | 4312758 |
| Colgate-Palmolive Co<sup>(a)</sup> | 3400 | 263432 |
| Conagra Brands Inc<sup>(a)</sup> | 92800 | 3524544 |
| CVS Health Corp<sup>(a)</sup> | 31000 | 3158280 |
| Eli Lilly & Co<sup>(a)</sup> | 15200 | 5640416 |
| The Estee Lauder Cos Inc<sup>(a)</sup> | 6400 | 1509056 |
| Gilead Sciences Inc<sup>(a)</sup> | 29000 | 2547070 |
| HCA Healthcare Inc<sup>(a)</sup> | 13000 | 3122860 |
| Johnson & Johnson<sup>(a)</sup> | 39000 | 6942000 |
| McKesson Corp<sup>#,(a)</sup> | 13300 | 5076344 |
| Merck & Co Inc<sup>(a)</sup> | 19300 | 2125316 |
| Organon & Co<sup>(a)</sup> | 1000 | 26020 |
| PayPal Holdings Inc\*<sup>,(a)</sup> | 35300 | 2767873 |
| Pfizer Inc<sup>(a)</sup> | 149000 | 7469370 |
| The Procter & Gamble Co<sup>(a)</sup> | 59500 | 8875020 |
| Sprouts Farmers Market Inc\*<sup>,(a)</sup> | 50000 | 1716500 |
| UnitedHealth Group Inc<sup>(a)</sup> | 14000 | 7668640 |
| **Total Consumer, Non-Cyclical** |  | 87472857 |
| **Energy (4.36%)** |  |  |
| BP PLC<sup>(a)</sup> | 25200 | 904680 |
| Chevron Corp<sup>(a)</sup> | 15000 | 2749650 |
| ConocoPhillips<sup>(a)</sup> | 29000 | 3581790 |
| Devon Energy Corp<sup>(a)</sup> | 40000 | 2740800 |
| Exxon Mobil Corp<sup>(a)</sup> | 47700 | 5310918 |

---

---

| | | |
|:---|:---|:---|
| Schlumberger Ltd | 10000.0 | 515500 |
| Shell PLC<sup>(a)</sup> | 10000.0 | 584700 |
| **Total Energy** |  | 16388038 |
| **Financial (12.00%)** |  |  |
| *Banks (3.15%)* |  |  |
| Bank of America Corp | 58000.0 | 2195300 |
| Citigroup Inc<sup>(a)</sup> | 16800.0 | 813288 |
| The Goldman Sachs Group Inc<sup>(a)</sup> | 3200.0 | 1235680 |
| JPMorgan Chase & Co<sup>(a)</sup> | 34400.0 | 4753392 |
| Morgan Stanley<sup>#,(a)</sup> | 17100.0 | 1591497 |
| Wells Fargo & Co<sup>(a)</sup> | 26500.0 | 1270675 |
|  |  | 11859832 |
| *Diversified Financial Service (5.51%)* |  |  |
| American Express Co<sup>(a)</sup> | 1800.0 | 283662 |
| The Charles Schwab Corp<sup>(a)</sup> | 76000.0 | 6273040 |
| Discover Financial Services<sup>(a)</sup> | 4500.0 | 487620 |
| Intercontinental Exchange Inc<sup>(a)</sup> | 39000.0 | 4224090 |
| Mastercard Inc<sup>(a)</sup> | 14500.0 | 5167800 |
| Visa Inc<sup>#,(a)</sup> | 19600.0 | 4253200 |
|  |  | 20689412 |
| *Insurance (1.38%)* |  |  |
| Aflac Inc<sup>(a)</sup> | 28000.0 | 2014040 |
| Berkshire Hathaway Inc\*<sup>,#,(a)</sup> | 10000.0 | 3186000 |
|  |  | 5200040 |
| *Real Estate (1.96%)* |  |  |
| American Tower Corp<sup>(a)</sup> | 5800.0 | 1283250 |
| CBRE Group Inc\*<sup>,(a)</sup> | 27500.0 | 2189000 |
| Extra Space Storage Inc<sup>(a)</sup> | 24300.0 | 3904767 |
|  |  | 7377017 |
| **Total Financial** |  | 45126301 |
| **Industrial (7.88%)** |  |  |
| Atlas Corp<sup>(a)</sup> | 25000.0 | 384250 |
| The Boeing Co\*<sup>,(a)</sup> | 32000.0 | 5724160 |
| Caterpillar Inc<sup>(a)</sup> | 7200.0 | 1702152 |
| Deere & Co<sup>(a)</sup> | 2200.0 | 970200 |
| General Dynamics Corp<sup>(a)</sup> | 22500.0 | 5678775 |
| Lockheed Martin Corp<sup>(a)</sup> | 6000.0 | 2911140 |
| Masco Corp<sup>(a)</sup> | 24000.0 | 1218720 |
| Packaging Corp of America<sup>(a)</sup> | 20000.0 | 2717800 |
| Raytheon Technologies Corp<sup>(a)</sup> | 41700.0 | 4116624 |
| Union Pacific Corp<sup>(a)</sup> | 15700.0 | 3413651 |
| Westrock Co<sup>(a)</sup> | 21200.0 | 803904 |
| **Total Industrial** |  | 29641376 |
| **Technology (13.56%)** |  |  |
| Adobe Inc\*<sup>,(a)</sup> | 12000.0 | 4139160 |
| Apple Inc<sup>(a)</sup> | 44100.0 | 6528123 |
| Fiserv Inc\*<sup>,(a)</sup> | 6500.0 | 678340 |
| Intel Corp<sup>(a)</sup> | 98000.0 | 2946860 |
| Intuit Inc<sup>(a)</sup> | 4400.0 | 1793396 |
| Microsoft Corp<sup>(a)</sup> | 37900.0 | 9669806 |
| NetApp Inc<sup>(a)</sup> | 37700.0 | 2548897 |
| NVIDIA Corp<sup>(a)</sup> | 40500.0 | 6853815 |
| Oracle Corp<sup>(a)</sup> | 50500.0 | 4193015 |
| Salesforce Inc\*<sup>,(a)</sup> | 23900.0 | 3829975 |
| Seagate Technology Holdings PLC<sup>(a)</sup> | 40000.0 | 2118800 |
| Texas Instruments Inc<sup>(a)</sup> | 31600.0 | 5702536 |
| **Total Technology** |  | 51002723 |
| **Utilities (2.63%)** |  |  |
| American Water Works Co Inc<sup>(a)</sup> | 23000.0 | 3490480 |
| Dominion Energy Inc<sup>(a)</sup> | 10400.0 | 635544 |
| Duke Energy Corp<sup>(a)</sup> | 9000.0 | 899370 |
| NextEra Energy Inc<sup>(a)</sup> | 11300.0 | 957110 |
| Public Service Enterprise Group Inc<sup>(a)</sup> | 16500.0 | 999075 |
| The Southern Co<sup>(a)</sup> | 43000.0 | 2908520 |
| **Total Utilities** |  | 9890099 |
| **Total Common Stock (Cost $339,625,928)** |  | 327942293 |
| **United States Treasury Bills (13.83%)** |  |  |
| United States Treasury Bill (Cost $51,997,369) | 52100000.0 | 51998305 |
| **Total Investments (Cost $391,623,296) (101.04%)** |  | $379940598 |
| **Other Net Assets (-1.04%)** |  | (3921255) |
| **Net Assets (100.00%)** |  | $376019343 |

---

\* Non-income producing security.

# Loaned security; a portion of the security is on loan at November 30, 2022.

(a) A portion of these securities, a total of $291,128,551, have been pledged or segregated in connection with written options.

**Written Call Options** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Expiration Date** | **Contracts** | **Strike Price** | **Notional Amount** | **Value** |
| Apple Inc | 12/16/2022 | (175) | $155.00 | $2712500 | $(21350) |
| AbbVie Inc | 12/16/2022 | (134) | 160.00 | 2144000 | (42880) |
| AmerisourceBergen Corp | 12/16/2022 | (100) | 172.50 | 1725000 | (23500) |
| Abbott Laboratories | 12/16/2022 | (172) | 110.00 | 1892000 | (15652) |
| Adobe Inc | 12/16/2022 | (20) | 350.00 | 700000 | (25320) |
| Archer-Daniels-Midland Co | 12/16/2022 | (50) | 100.00 | 500000 | (5400) |
| Aflac Inc | 12/16/2022 | (115) | 74.00 | 851000 | (5175) |
| American Tower Corp | 12/16/2022 | (20) | 230.00 | 460000 | (4200) |
| Amazon.com Inc | 12/16/2022 | (135) | 115.00 | 1552500 | (1890) |
| American Water Works Co Inc | 12/16/2022 | (150) | 160.00 | 2400000 | (8250) |
| American Express Co | 12/16/2022 | (18) | 170.00 | 306000 | (576) |
| The Boeing Co | 12/16/2022 | (75) | 190.00 | 1425000 | (13500) |
| Bank of America Corp | 12/16/2022 | (300) | 39.00 | 1170000 | (9000) |
| Biogen Inc | 12/16/2022 | (20) | 320.00 | 640000 | (4800) |
| Booking Holdings Inc | 12/16/2022 | (4) | 2080.00 | 832000 | (21400) |
| Bristol-Myers Squibb Co | 12/16/2022 | (190) | 81.00 | 1539000 | (13680) |
| BP PLC | 12/16/2022 | (90) | 33.00 | 297000 | (28350) |
| Berkshire Hathaway Inc | 12/16/2022 | (60) | 325.00 | 1950000 | (13260) |
| Citigroup Inc | 12/16/2022 | (60) | 50.00 | 300000 | (3120) |
| Conagra Brands Inc | 12/16/2022 | (500) | 38.00 | 1900000 | (27500) |
| Caterpillar Inc | 12/16/2022 | (30) | 245.00 | 735000 | (6420) |
| CBRE Group Inc | 12/16/2022 | (120) | 80.00 | 960000 | (21000) |
| Colgate-Palmolive Co | 12/16/2022 | (34) | 77.50 | 263500 | (3570) |
| Comcast Corp | 12/16/2022 | (200) | 35.00 | 700000 | (40600) |
| Centene Corp | 12/16/2022 | (90) | 85.00 | 765000 | (31500) |
| ConocoPhillips | 12/16/2022 | (150) | 135.00 | 2025000 | (8850) |
| Costco Wholesale Corp | 12/16/2022 | (25) | 520.00 | 1300000 | (66250) |
| Salesforce Inc | 12/16/2022 | (117) | 185.00 | 2164500 | (8775) |
| Cisco Systems Inc | 12/16/2022 | (225) | 49.50 | 1113750 | (23175) |
| CVS Health Corp | 12/16/2022 | (130) | 100.00 | 1300000 | (37700) |
| Chevron Corp | 12/16/2022 | (45) | 195.00 | 877500 | (2835) |
| Dominion Energy Inc | 12/16/2022 | (50) | 65.00 | 325000 | (750) |
| Deere & Co | 12/16/2022 | (5) | 430.00 | 215000 | (7650) |
| Discover Financial Services | 12/16/2022 | (45) | 110.00 | 495000 | (9338) |
| DR Horton Inc | 12/16/2022 | (130) | 80.00 | 1040000 | (76440) |
| The Walt Disney Co | 12/16/2022 | (110) | 105.00 | 1155000 | (5500) |
| Dow Inc | 12/16/2022 | (70) | 52.50 | 367500 | (4410) |
| Duke Energy Corp | 12/16/2022 | (25) | 100.00 | 250000 | (4250) |
| Devon Energy Corp | 12/16/2022 | (90) | 80.00 | 720000 | (990) |
| eBay Inc | 12/16/2022 | (100) | 46.50 | 465000 | (8300) |
| The Estee Lauder Cos Inc | 12/16/2022 | (34) | 230.00 | 782000 | (35020) |
| Extra Space Storage Inc | 12/16/2022 | (80) | 160.00 | 1280000 | (19600) |
| Ford Motor Co | 12/16/2022 | (240) | 14.50 | 348000 | (5040) |
| Fiserv Inc | 12/16/2022 | (65) | 105.00 | 682500 | (15600) |
| General Dynamics Corp | 12/16/2022 | (140) | 260.00 | 3640000 | (16100) |
| Gilead Sciences Inc | 12/16/2022 | (100) | 87.50 | 875000 | (17000) |
| Alphabet Inc | 12/16/2022 | (130) | 105.00 | 1365000 | (17550) |
| Alphabet Inc | 12/16/2022 | (130) | 105.00 | 1365000 | (15600) |
| The Goldman Sachs Group Inc | 12/16/2022 | (12) | 400.00 | 480000 | (3072) |
| HCA Healthcare Inc | 12/16/2022 | (80) | 250.00 | 2000000 | (16000) |
| Hilton Worldwide Holdings Inc | 12/16/2022 | (65) | 145.00 | 942500 | (14365) |
| Intercontinental Exchange Inc | 12/16/2022 | (130) | 105.00 | 1365000 | (50440) |
| Intel Corp | 12/16/2022 | (350) | 32.50 | 1137500 | (4550) |
| Intuit Inc | 12/16/2022 | (15) | 470.00 | 705000 | (600) |
| Johnson & Johnson | 12/16/2022 | (120) | 180.00 | 2160000 | (13680) |
| JPMorgan Chase & Co | 12/16/2022 | (125) | 140.00 | 1750000 | (22500) |
| The Coca-Cola Co | 12/16/2022 | (56) | 60.00 | 336000 | (21392) |
| LKQ Corp | 12/16/2022 | (203) | 55.00 | 1116500 | (8120) |
| Eli Lilly & Co | 12/16/2022 | (42) | 380.00 | 1596000 | (26250) |
| Lockheed Martin Corp | 12/16/2022 | (10) | 500.00 | 500000 | (2820) |
| Southwest Airlines Co | 12/16/2022 | (139) | 40.50 | 562950 | (10425) |
| Mastercard Inc | 12/16/2022 | (40) | 325.00 | 1300000 | (93520) |
| Masco Corp | 12/16/2022 | (240) | 50.00 | 1200000 | (34800) |
| McDonald's Corp | 12/16/2022 | (27) | 280.00 | 756000 | (2943) |
| McKesson Corp | 12/16/2022 | (38) | 370.00 | 1406000 | (45600) |
| Meta Platforms Inc | 12/16/2022 | (45) | 130.00 | 585000 | (4185) |
| Merck & Co Inc | 12/16/2022 | (50) | 100.00 | 500000 | (50500) |
| Morgan Stanley | 12/16/2022 | (71) | 92.50 | 656750 | (18389) |
| Microsoft Corp | 12/16/2022 | (180) | 270.00 | 4860000 | (20340) |
| Motorola Solutions Inc | 12/16/2022 | (46) | 280.00 | 1288000 | (8970) |
| NextEra Energy Inc | 12/16/2022 | (40) | 87.50 | 350000 | (3040) |
| Newmont Corp | 12/16/2022 | (100) | 47.50 | 475000 | (12100) |
| NIKE Inc | 12/16/2022 | (80) | 105.00 | 840000 | (44880) |
| NetApp Inc | 12/16/2022 | (177) | 80.00 | 1416000 | (885) |
| NVIDIA Corp | 12/16/2022 | (160) | 155.00 | 2480000 | (268480) |
| NVIDIA Corp | 12/16/2022 | (15) | 160.00 | 240000 | (19365) |
| Organon & Co | 12/16/2022 | (10) | 25.00 | 25000 | (1150) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Oracle Corp | 12/16/2022 | (205) | 87.5 | 1793750 | (22755) |
| PACCAR Inc | 12/16/2022 | (70) | 110.0 | 770000 | (3850) |
| Public Service Enterprise Group Inc | 12/16/2022 | (165) | 60.0 | 990000 | (21450) |
| Pfizer Inc | 12/16/2022 | (300) | 51.0 | 1530000 | (16800) |
| The Procter & Gamble Co | 12/16/2022 | (70) | 140.0 | 980000 | (65240) |
| Packaging Corp of America | 12/16/2022 | (70) | 135.0 | 945000 | (28700) |
| PayPal Holdings Inc | 12/16/2022 | (153) | 87.5 | 1338750 | (9333) |
| Raytheon Technologies Corp | 12/16/2022 | (117) | 100.0 | 1170000 | (14976) |
| Starbucks Corp | 12/16/2022 | (110) | 105.0 | 1155000 | (12650) |
| The Charles Schwab Corp | 12/16/2022 | (260) | 85.0 | 2210000 | (21320) |
| Sprouts Farmers Market Inc | 12/16/2022 | (200) | 34.0 | 680000 | (24000) |
| Shell PLC | 12/16/2022 | (30) | 57.5 | 172500 | (5730) |
| Schlumberger Ltd | 12/16/2022 | (40) | 55.0 | 220000 | (1920) |
| The Southern Co | 12/16/2022 | (230) | 67.5 | 1552500 | (31740) |
| Seagate Technology Holdings PLC | 12/16/2022 | (150) | 60.0 | 900000 | (1800) |
| Sensient Technologies Corp | 12/16/2022 | (85) | 75.0 | 637500 | (12538) |
| AT&T Inc | 12/16/2022 | (600) | 19.5 | 1170000 | (12600) |
| Target Corp | 12/16/2022 | (51) | 180.0 | 918000 | (4029) |
| The TJX Cos Inc | 12/16/2022 | (160) | 85.0 | 1360000 | (3840) |
| T-Mobile US Inc | 12/16/2022 | (65) | 155.0 | 1007500 | (9295) |
| Texas Instruments Inc | 12/16/2022 | (226) | 180.0 | 4068000 | (106220) |
| UnitedHealth Group Inc | 12/16/2022 | (45) | 560.0 | 2520000 | (16875) |
| Union Pacific Corp | 12/16/2022 | (83) | 220.0 | 1826000 | (31374) |
| Visa Inc | 12/16/2022 | (58) | 215.0 | 1247000 | (31320) |
| Verizon Communications Inc | 12/16/2022 | (300) | 40.0 | 1200000 | (7800) |
| Wells Fargo & Co | 12/16/2022 | (165) | 49.0 | 808500 | (9900) |
| Westrock Co | 12/16/2022 | (62) | 37.5 | 232500 | (7285) |
| Exxon Mobil Corp | 12/16/2022 | (100) | 120.0 | 1200000 | (3500) |
| **Total Written Call Options** |  |  |  | $120501950 | $(2160817) |
| **(Premiums Received $1,704,761)** |  |  |  |  |  |

---

**NASDAQ 100 INDEX FUND** 

**Portfolio of Investments (Unaudited)** 

**November 30, 2022** 

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **Common Stock (102.34%)** |  |  |
| **Communications (25.31%)** |  |  |
| *Internet (19.32%)* |  |  |
| Airbnb Inc\* | 33338 | $3405143 |
| Alphabet Inc - A\* | 312014 | 31510294 |
| Alphabet Inc - C\* | 320705 | 32535522 |
| Amazon.com Inc\*<sup>,(a)</sup> | 530131 | 51178847 |
| Baidu Inc\* | 15987 | 1736188 |
| Booking Holdings Inc\* | 3427 | 7126275 |
| eBay Inc<sup>#</sup> | 48827 | 2218699 |
| JD.com Inc | 44198 | 2527242 |
| Match Group Inc\* | 24310 | 1229114 |
| MercadoLibre Inc\* | 4345 | 4045130 |
| Meta Platforms Inc\*<sup>,(a)</sup> | 177710 | 20987551 |
| Netflix Inc\* | 38392 | 11729908 |
| Okta Inc\* | 12676 | 675884 |
| Palo Alto Networks Inc\* | 26067 | 4428783 |
| Pinduoduo Inc\* | 38481 | 3156981 |
| VeriSign Inc\* | 9260 | 1850241 |
|  |  | 180341802 |
| *Media (2.33%)* |  |  |
| Charter Communications Inc\* | 14110 | 5521102 |
| Comcast Corp | 380194 | 13930308 |
| Sirius XM Holdings Inc<sup>#</sup> | 344861 | 2238148 |
|  |  | 21689558 |
| *Telecommunications (3.66%)* |  |  |
| Cisco Systems Inc | 357503 | 17775049 |
| T-Mobile US Inc\* | 108265 | 16397817 |
|  |  | 34172866 |
| **Total Communications** |  | 236204226 |
| **Consumer, Cyclical (10.24%)** |  |  |
| Copart Inc\* | 41256 | 2745999 |
| Costco Wholesale Corp | 38242 | 20621999 |
| Dollar Tree Inc\*<sup>,#</sup> | 19744 | 2967326 |
| Fastenal Co | 50023 | 2576685 |
| Lucid Group Inc\*<sup>,#</sup> | 141385 | 1433644 |
| Lululemon Athletica Inc\* | 10837 | 4121419 |
| Marriott International Inc | 28019 | 4632942 |
| O'Reilly Automotive Inc\* | 5466 | 4725576 |
| PACCAR Inc | 30194 | 3197847 |
| Ross Stores Inc<sup>#</sup> | 30906 | 3636709 |
| Starbucks Corp | 100029 | 10222964 |
| Tesla Inc\* | 161733 | 31489415 |
| Walgreens Boots Alliance Inc | 75284 | 3124286 |
| **Total Consumer, Cyclical** |  | 95496811 |
| **Consumer, Non-Cyclical (14.96%)** |  |  |
| Align Technology Inc\* | 6858 | 1348694 |
| Amgen Inc | 46182 | 13226525 |
| AstraZeneca PLC | 49607 | 3371788 |
| Automatic Data Processing Inc | 35872 | 9475230 |
| Biogen Inc\* | 12488 | 3810963 |
| Cintas Corp | 8993 | 4152788 |
| Dexcom Inc\* | 34512 | 4013055 |
| Gilead Sciences Inc | 109396 | 9608251 |
| IDEXX Laboratories Inc\* | 7374 | 3140365 |

---

---

| | | |
|:---|:---|:---|
| Illumina Inc\* | 13593.0 | 2964361 |
| Intuitive Surgical Inc\* | 30830.0 | 8336124 |
| Keurig Dr Pepper Inc | 124730.0 | 4823309 |
| The Kraft Heinz Co | 106457.0 | 4189083 |
| Moderna Inc\* | 33773.0 | 5941008 |
| Mondelez International Inc | 118325.0 | 7999953 |
| Monster Beverage Corp\* | 46573.0 | 4790499 |
| PayPal Holdings Inc\* | 99842.0 | 7828611 |
| PepsiCo Inc | 119131.0 | 22099992 |
| Regeneron Pharmaceuticals Inc\* | 9254.0 | 6956232 |
| Seagen Inc\* | 15903.0 | 1930465 |
| Verisk Analytics Inc | 14016.0 | 2574879 |
| Vertex Pharmaceuticals Inc\* | 22141.0 | 7005412 |
| **Total Consumer, Non-Cyclical** |  | 139587587 |
| **Industrial (2.34%)** |  |  |
| CSX Corp | 184860.0 | 6043073 |
| Honeywell International Inc | 58162.0 | 12769467 |
| Old Dominion Freight Line Inc | 9988.0 | 3022469 |
| **Total Industrial** |  | 21835009 |
| **Technology (47.99%)** |  |  |
| *Computers (14.37%)* |  |  |
| Apple Inc<sup>(a)</sup> | 836303.0 | 123797933 |
| Cognizant Technology Solutions Corp | 45682.0 | 2841877 |
| Crowdstrike Holdings Inc\* | 18608.0 | 2189231 |
| Fortinet Inc\* | 68075.0 | 3618867 |
| Zscaler Inc\* | 12027.0 | 1605003 |
|  |  | 134052911 |
| *Semiconductors (15.77%)* |  |  |
| Advanced Micro Devices Inc\*<sup>,#</sup> | 139369.0 | 10819215 |
| Analog Devices Inc | 44404.0 | 7633492 |
| Applied Materials Inc | 75333.0 | 8256497 |
| ASML Holding NV | 7471.0 | 4543265 |
| Broadcom Inc | 34963.0 | 19265662 |
| Intel Corp | 354484.0 | 10659334 |
| KLA Corp | 12455.0 | 4896683 |
| Lam Research Corp | 11826.0 | 5586366 |
| Marvell Technology Inc | 73376.0 | 3413452 |
| Microchip Technology Inc | 47650.0 | 3773404 |
| Micron Technology Inc | 95238.0 | 5490471 |
| NVIDIA Corp | 182350.0 | 30859091 |
| NXP Semiconductors NV | 22837.0 | 4015658 |
| QUALCOMM Inc | 96952.0 | 12263458 |
| Skyworks Solutions Inc | 14384.0 | 1375398 |
| Texas Instruments Inc | 78883.0 | 14235226 |
|  |  | 147086672 |
| *Software (17.85%)* |  |  |
| Activision Blizzard Inc | 68192.0 | 5042798 |
| Adobe Inc\* | 41381.0 | 14273548 |
| ANSYS Inc\* | 7588.0 | 1929628 |
| Atlassian Corp\* | 12572.0 | 1653847 |
| Autodesk Inc\* | 18880.0 | 3812816 |
| Cadence Design Systems Inc\* | 24103.0 | 4146680 |
| Datadog Inc\*<sup>,#</sup> | 24691.0 | 1871084 |
| DocuSign Inc\*<sup>,#</sup> | 17109.0 | 805321 |
| Electronic Arts Inc | 24596.0 | 3216665 |
| Fiserv Inc\* | 55217.0 | 5762446 |
| Intuit Inc | 24352.0 | 9925632 |
| Microsoft Corp | 388087.0 | 99016515 |
| NetEase Inc | 14220.0 | 1011326 |
| Paychex Inc | 31361.0 | 3889705 |
| Splunk Inc\* | 13549.0 | 1052486 |
| Synopsys Inc\* | 13450.0 | 4566813 |
| Workday Inc\* | 17044.0 | 2861688 |
| Zoom Video Communications Inc\* | 22131.0 | 1669341 |

---

---

| | | |
|:---|:---|:---|
|  |  | 166508339 |
| **Total Technology** |  | 447647922 |
| **Utilities (1.50%)** |  |  |
| American Electric Power Co Inc | 44789.0 | 4335575 |
| Constellation Energy Corp | 28005.0 | 2691841 |
| Exelon Corp | 86188.0 | 3565598 |
| Xcel Energy Inc | 47890.0 | 3362836 |
| **Total Utilities** |  | 13955850 |
| **Total Common Stock (Cost $474,369,254)** |  | 954727405 |
| **United States Treasury Bills (0.51%)** |  |  |
| United States Treasury Bill (Cost $4,790,396) | 4800000.0 | 4790631 |
| **Collateral Received for Securities on Loan (0.92%)** |  |  |
| Mount Vernon Liquid Assets Portfolio, 7-Day Yield: 4.07% (Cost $8,590,252) |  | 8590252 |
| **Total Investments (Cost $525,840,881) (103.78%)** |  | $968108288 |
| **Liabilities in Excess of Other Assets (-3.78%)** |  | (35227120) |
| **Net Assets (100.00%)** |  | $932881168 |

---

\* Non-income producing security.

# Loaned security; a portion of the security is on loan at November 30, 2022.

(a) A portion of these securities, a total of $46,681,231, have been pledged or segregated in connection with obligations for futures contracts.

**Futures contracts at November 30, 2022:** 

Contracts - $20 times premium / delivery month / commitment / exchange

---

| | | | |
|:---|:---|:---|:---|
| **Nasdaq 100 E-MINI** | **Notional Amount** | **Value** | **Unrealized Appreciation** |
| 23 / DEC 2022 / Long / CME | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,141,100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,539,458 | &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398,358 |

---

**SHELTON GREEN ALPHA FUND** 

**Portfolio of Investments (Unaudited)** 

**November 30, 2022** 

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **Common Stock (96.52%)** |  |  |
| **Basic Materials (0.63%)** |  |  |
| Daqo New Energy Corp\* | 25000 | $1422750 |
| **Communications (5.39%)** |  |  |
| SK Telecom Co Ltd | 34210 | 733805 |
| Switch Inc | 334157 | 11444877 |
| **Total Communications** |  | 12178682 |
| **Consumer, Cyclical (5.54%)** |  |  |
| Interface Inc | 78600 | 851238 |
| QuantumScape Corp\* | 127100 | 951979 |
| Rivian Automotive Inc\* | 40000 | 1281600 |
| Steelcase Inc | 119200 | 945256 |
| Tesla Inc\* | 43550 | 8479185 |
| **Total Consumer, Cyclical** |  | 12509258 |
| **Consumer, Non-Cyclical (15.85%)** |  |  |
| Block Inc\* | 15800 | 1070766 |
| Caribou Biosciences Inc\* | 160700 | 1496117 |
| CRISPR Therapeutics AG\* | 74850 | 4101032 |
| Danaher Corp | 30000 | 8202300 |
| Danone SA | 87300 | 914031 |
| Darling Ingredients Inc\* | 40000 | 2873200 |
| Editas Medicine Inc\* | 135200 | 1433120 |
| Moderna Inc\* | 56720 | 9977615 |
| Natural Grocers by Vitamin Cottage Inc | 240200 | 2421216 |
| Sprouts Farmers Market Inc\* | 96600 | 3316278 |
| **Total Consumer, Non-Cyclical** |  | 35805675 |
| **Energy (20.24%)** |  |  |
| Canadian Solar Inc\* | 107700 | 3861045 |
| Enphase Energy Inc\* | 26200 | 8399458 |
| First Solar Inc\* | 57322 | 9889763 |
| JinkoSolar Holding Co Ltd\* | 110556 | 5669312 |
| Maxeon Solar Technologies Ltd\* | 5208 | 119888 |
| SolarEdge Technologies Inc\*<sup>,#</sup> | 8135 | 2431226 |
| SunPower Corp\* | 200536 | 4862998 |
| Sunrun Inc\* | 38100 | 1241298 |
| Vestas Wind Systems A/S | 1095500 | 9256975 |
| **Total Energy** |  | 45731963 |
| **Financial (11.30%)** |  |  |
| Alexandria Real Estate Equities Inc | 26400 | 4108104 |
| Digital Realty Trust Inc | 23900 | 2687794 |
| Equinix Inc | 4770 | 3294401 |
| Hannon Armstrong Sustainable Infrastructure Capital Inc | 219500 | 7120580 |
| Horizon Technology Finance Corp | 362400 | 4765560 |

---

---

| | | |
|:---|:---|:---|
| Kilroy Realty Corp | 57100.0 | 2467862 |
| Vornado Realty Trust | 42900.0 | 1084941 |
| **Total Financial** |  | 25529242 |
| **Industrial (13.76%)** |  |  |
| ABB Ltd | 93500.0 | 2944315 |
| Accelleron Industries AG\* | 4875.0 | 99938 |
| Advanced Energy Industries Inc | 17700.0 | 1639728 |
| AECOM | 40000.0 | 3400000 |
| Ag Growth International Inc | 10000.0 | 324422 |
| Deere & Co | 10000.0 | 4410000 |
| Energy Recovery Inc\* | 50000.0 | 1159000 |
| Li-Cycle Holdings Corp\* | 79500.0 | 506415 |
| Schneider Electric SE | 30000.0 | 4435693 |
| Siemens AG | 30000.0 | 4165678 |
| Trex Co Inc\* | 17200.0 | 789308 |
| Valmont Industries Inc | 8000.0 | 2709280 |
| Xylem Inc<sup>#</sup> | 40000.0 | 4494000 |
| **Total Industrial** |  | 31077777 |
| **Technology (17.45%)** |  |  |
| Analog Devices Inc | 8230.0 | 1414819 |
| Apple Inc | 17900.0 | 2649737 |
| Applied Materials Inc | 75960.0 | 8325216 |
| Fortinet Inc\* | 51450.0 | 2735082 |
| Infineon Technologies AG | 40000.0 | 1348800 |
| International Business Machines Corp | 60100.0 | 8948890 |
| Lam Research Corp | 13199.0 | 6234944 |
| QUALCOMM Inc | 42880.0 | 5423891 |
| Rapid7 Inc\* | 15100.0 | 443940 |
| Taiwan Semiconductor Manufacturing Co Ltd | 22800.0 | 1891944 |
| **Total Technology** |  | 39417263 |
| **Utilities (6.36%)** |  |  |
| Brookfield Renewable Corp | 336700.0 | 10979787 |
| NextEra Energy Inc | 40000.0 | 3388000 |
| **Total Utilities** |  | 14367787 |
| **Total Common Stock (Cost $166,564,977)** |  | 218040397 |
| **Total Investments (Cost $166,564,977) (96.52%)** |  | $218040397 |
| **Other Net Assets (3.48%)** |  | 7860121 |
| **Net Assets (100.00%)** |  | $225900518 |

---

\* Non-income producing security.

# Loaned security; a portion of the security is on loan at November 30, 2022.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SHELTON FUNDS

- **b. Investment Company Act file number:** 811-04417

- **c. CIK number of Registrant:** 0000778206

- **d. LEI of Registrant:** 254900S73SCF59AAL583

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

  - **Street Address 1:** 1875 Lawrence Street, Suite 300

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80202-1805

  - **Telephone number:** 800-955-9888

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

- **a. Name of Series:** S&P MidCap Index Fund

- **b. EDGAR series identifier (if any):** S000016023

- **c. LEI of Series:** 254900KW4SLZI6TBVZ12

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $113510878.89

**Total Liabilities:** $7935312.64

**Net Assets:** $105575566.25

**Cash Not Reported:** $24849.64

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000044031 | 6.03%                | 10.47%               | -9.03%               |
| Class ID C000044032 | 6.03%                | 10.43%               | -9.12%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1724098.94              | $4643537.48                                |
| Month 2  | $225807.80               | $10015792.48                               |
| Month 3  | $-9527540.45             | $-9984928.07                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cadence Bank                                       | Cadence Bank COM                                       | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |      9650 | NS      | $278306.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp.                                     | Middleby Corp. COM                                     | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |      2759 | NS      | $397820.21    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries, Inc.                             | Dycom Industries, Inc. COM                             | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      1554 | NS      | $141631.56    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries, Inc.                 | Hawaiian Electric Industries, Inc. COM                 | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |      5793 | NS      | $237976.44    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                                | Texas Roadhouse Inc COM                                | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |      3423 | NS      | $339972.36    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties, Inc.                         | Highwoods Properties, Inc. COM                         | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |      5523 | NS      | $164585.40    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra LifeSciences Holdings Corporation          | Integra LifeSciences Holdings Corporation COM NEW      | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |      3953 | NS      | $217177.82    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                          | Taylor Morrison Home Corp COM                          | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |      5820 | NS      | $176869.80    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Governor                                  | Woodward Governor COM                                  | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      3080 | NS      | $295064.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc.                             | RPM International Inc. COM                             | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |      6606 | NS      | $684513.72    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                      | Coherent Corp COM                                      | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      6619 | NS      | $242718.73    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corporation                                 | Bruker Corporation COM                                 | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |      5158 | NS      | $347700.78    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corporation New | Science Applications International Corporation New COM | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |      2858 | NS      | $314694.38    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Syneos Health Inc                                  | Syneos Health Inc CL A                                 | CUSIP: 87166B102<br>LEI: 549300F1ZGKDS8P6GU13 | Long             | EC               | CORP              | US        |      5484 | NS      | $193475.52    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptargroup Inc.                                    | Aptargroup Inc. COM                                    | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |      3441 | NS      | $365227.74    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.                                | Toll Brothers, Inc. COM                                | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      5475 | NS      | $262307.25    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toro Company                                   | The Toro Company COM                                   | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |      5354 | NS      | $594240.46    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                                   | Donaldson Co Inc COM                                   | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |      6327 | NS      | $385440.84    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                              | MGIC Investment Corp. COM                              | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     15538 | NS      | $213336.74    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.                          | MDU Resources Group, Inc. COM                          | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10687 | NS      | $336533.63    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corporation                                | Visteon Corporation COM NEW                            | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      1440 | NS      | $211392.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                        | Gentex Corp COM                                        | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     12040 | NS      | $347956.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                            | EnerSys COM                                            | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |      2082 | NS      | $157357.56    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                           | RLI Corp COM                                           | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |      2095 | NS      | $272496.65    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Incorporated                               | Hubbell Incorporated COM                               | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      2748 | NS      | $698156.88    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt Inc.                               | Leggett & Platt Inc. COM                               | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |      7100 | NS      | $252831.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corporation                       | Antero Resources Corporation COM                       | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     14670 | NS      | $536188.50    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Allete Inc                                         | Allete Inc COM NEW                                     | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |      2880 | NS      | $190656.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Federal Inc                             | Washington Federal Inc COM                             | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3601 | NS      | $127007.27    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                            | Valley National Bancorp COM                            | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |     21550 | NS      | $272823.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| The Western Union Company                          | The Western Union Company COM                          | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     20303 | NS      | $297641.98    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellring Brands Inc.                               | Bellring Brands Inc. COMMON STOCK                      | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |      5935 | NS      | $147840.85    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| The Timken Company                                 | The Timken Company COM                                 | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |      3540 | NS      | $268969.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                            | Essential Utilities Inc COM                            | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |     11853 | NS      | $571788.72    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corporation                                 | Kemper Corporation COM                                 | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |      3169 | NS      | $180379.48    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson Companies Inc.                           | Patterson Companies Inc. COM                           | CUSIP: 703395103<br>LEI: YM48Q2087CUE26GWEK09 | Long             | EC               | CORP              | US        |      4569 | NS      | $129942.36    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempur Sealy International Inc                     | Tempur Sealy International Inc COM                     | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |      9212 | NS      | $292665.24    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Caseys Gen Stores                                  | Caseys Gen Stores COM                                  | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      1907 | NS      | $463439.14    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Carters Incorporation                              | Carters Incorporation COM                              | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |      2119 | NS      | $154771.76    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lancaster Colony Corp.                             | Lancaster Colony Corp. COM                             | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |      1051 | NS      | $217704.14    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Limited                                    | Genpact Limited COM STK USD0.01                        | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |      8644 | NS      | $398574.84    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Physicians Realty Trust                            | Physicians Realty Trust COM                            | CUSIP: 71943U104<br>LEI: 549300ITOVH0OY7PZC34 | Long             | EC               | CORP              | US        |     11481 | NS      | $171411.33    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                                  | Yeti Holdings Inc COM                                  | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |      4150 | NS      | $186293.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                               | Associated Banc-Corp COM                               | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |      7874 | NS      | $193700.40    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp.                            | Synovus Financial Corp. COM NEW                        | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |      7444 | NS      | $313615.72    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Limited                               | Essent Group Limited COM USD0.015                      | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |      5514 | NS      | $221056.26    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                            | KB Home COM                                            | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |      4326 | NS      | $135793.14    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Envestnet Inc                                      | Envestnet Inc COM                                      | CUSIP: 29404K106<br>LEI: 549300HLWZ5OKIDM8737 | Long             | EC               | CORP              | US        |      3017 | NS      | $178063.34    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Company, Inc.                                 | Trex Company, Inc. COM                                 | CUSIP: 89531P105<br>LEI: 549300ER482WJT9UUX16 | Long             | EC               | CORP              | US        |      5646 | NS      | $259094.94    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corporation                               | Westlake Corporation COM                               | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |      1769 | NS      | $190432.85    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                                 | Graham Holdings Co COM CL B                            | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |       198 | NS      | $127448.64    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corporation International                  | Service Corporation International COM                  | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |      8074 | NS      | $576887.30    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Storage Inc                                   | Life Storage Inc COM                                   | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               | CORP              | US        |      4366 | NS      | $469301.34    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.                       | Vishay Intertechnology, Inc. COM                       | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |      7033 | NS      | $162040.32    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Income Reit Corp                         | Apartment Income Reit Corp COM                         | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8250 | NS      | $313912.50    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Incorporated                    | Cousins Properties Incorporated COM NEW                | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |      7880 | NS      | $207874.40    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                                       | Mattel, Inc. COM                                       | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |     18495 | NS      | $337163.85    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                               | Chart Industries Inc COM                               | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      1893 | NS      | $270680.07    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Wintrust Financial Corporation                     | Wintrust Financial Corporation COM                     | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      3023 | NS      | $276392.89    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                                  | MP Materials Corp COM CL A                             | CUSIP: 553368101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3918 | NS      | $130273.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| National Retail Properties, Inc.                   | National Retail Properties, Inc. COM                   | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |      9304 | NS      | $431333.44    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company                          | Commercial Metals Company COM                          | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      6169 | NS      | $303638.18    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| The New York Times Company                         | The New York Times Company CL A                        | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |      8025 | NS      | $294116.25    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ViaSat, Inc.                                       | ViaSat, Inc. COM                                       | CUSIP: 92552V100<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | EC               | CORP              | US        |      3475 | NS      | $118462.75    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corporation                        | Deckers Outdoor Corporation COM                        | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      1358 | NS      | $541679.04    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastec, Inc.                                       | Mastec, Inc. COM                                       | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |      3003 | NS      | $272762.49    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.                     | American Financial Group, Inc. COM                     | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      3503 | NS      | $498196.66    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| F N B Corp (Pennsylvania)                          | F N B Corp (Pennsylvania) COM                          | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |     17881 | NS      | $252122.10    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp                       | Topgolf Callaway Brands Corp COM                       | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |      6451 | NS      | $135148.45    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd                                 | Capri Holdings Ltd COM NPV                             | CUSIP: G1890L107<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | VG        |      7068 | NS      | $405349.80    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corporation                          | Kilroy Realty Corporation COM                          | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |      5682 | NS      | $245576.04    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                               | Cleveland-Cliffs Inc COM                               | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     25413 | NS      | $393393.24    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc.                                           | RXO Inc. COMMON STOCK                                  | CUSIP: 74982T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5224 | NS      | $99256.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corporation                                  | Alcoa Corporation COM                                  | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |      9686 | NS      | $485559.18    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NuVasive Inc.                                      | NuVasive Inc. COM                                      | CUSIP: 670704105<br>LEI: 549300C5ZB4NZ6TWM881 | Long             | EC               | CORP              | US        |      2872 | NS      | $111548.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackbaud Inc                                      | Blackbaud Inc COM                                      | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |      2228 | NS      | $132053.56    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc                                 | Boston Beer Co Inc CL A                                | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |       514 | NS      | $197566.18    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.                     | Texas Capital Bancshares, Inc. COM                     | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      2554 | NS      | $153214.46    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                          | CNO Financial Group, Inc. COM                          | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |      6090 | NS      | $142993.20    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                                 | IPG Photonics Corp COM                                 | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |      1370 | NS      | $124711.10    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.                            | Webster Financial Corp. COM                            | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |      9004 | NS      | $489277.36    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitime Corporation                                 | Sitime Corporation COM                                 | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       786 | NS      | $82891.56     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tegna Inc                                          | Tegna Inc COM                                          | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |     11717 | NS      | $231293.58    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co.                            | Columbia Sportswear Co. COM                            | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |      1749 | NS      | $156692.91    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                                     | TD Synnex Corp COM                                     | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      2202 | NS      | $225264.60    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                                       | Rayonier Inc COM                                       | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |      7791 | NS      | $279541.08    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                                   | Healthequity Inc COM                                   | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      4363 | NS      | $276963.24    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.                    | Affiliated Managers Group, Inc. COM                    | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      2034 | NS      | $326294.28    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.                     | Lincoln Electric Holdings Inc. COM                     | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      3053 | NS      | $451477.64    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolfspeed Inc.                                     | Wolfspeed Inc. COM                                     | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Long             | EC               | CORP              | US        |      6331 | NS      | $575614.52    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp.                                       | Kohl's Corp. COM                                       | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |      6763 | NS      | $216957.04    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                    | First Solar Inc COM                                    | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      5076 | NS      | $875762.28    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc                        | Sprouts Farmers Markets Inc COM                        | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      5502 | NS      | $188883.66    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                                | Axon Enterprise Inc COM                                | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      3457 | NS      | $636191.71    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                         | Watsco Inc COM                                         | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      1747 | NS      | $469908.06    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc.                             | Commvault Systems Inc. COM                             | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      2294 | NS      | $151404.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Potlatchdeltic Corp.                               | Potlatchdeltic Corp. COM                               | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |      3706 | NS      | $177109.74    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                            | Boyd Gaming Corporation COM                            | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      4204 | NS      | $257831.32    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust                  | National Storage Affiliates Trust COM SHS BEN IN       | CUSIP: 637870106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3823 | NS      | $152193.63    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Holdings Co.                                 | Crane Holdings Co. COM                                 | CUSIP: 224441105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2500 | NS      | $264850.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.                        | Renaissancere Holdings Ltd. COM STK USD1               | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      2238 | NS      | $422780.58    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                                  | Ciena Corporation COM NEW                              | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      7666 | NS      | $344663.36    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Inari Medical Inc                                  | Inari Medical Inc COM                                  | CUSIP: 45332Y109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1706 | NS      | $125527.48    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corporation                       | Fulton Financial Corporation COM                       | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |      8643 | NS      | $160673.37    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc.                                           | NOV Inc. COM                                           | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |     20114 | NS      | $451760.44    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                                         | Vicor Corp COM                                         | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |      1141 | NS      | $61602.59     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                                 | Cirrus Logic, Inc. COM                                 | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      2864 | NS      | $213969.44    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc.                         | Park Hotels & Resorts Inc. COM                         | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |     12264 | NS      | $157347.12    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                                | Mercury Systems Inc COM                                | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |      2953 | NS      | $150071.46    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corporation                                  | Terex Corporation COM                                  | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |      3471 | NS      | $159353.61    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International, Inc.                  | Choice Hotels International, Inc. COM                  | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |      1485 | NS      | $182981.70    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp.                               | Bank of Hawaii Corp. COM                               | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |      2220 | NS      | $179087.40    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corporation             | Old Republic International Corporation COM             | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |     15070 | NS      | $369215.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc                      | Arrowhead Pharmaceuticals Inc COM                      | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |      5525 | NS      | $177905.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                         | Qualys Inc COM                                         | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |      1539 | NS      | $189789.48    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management, Inc.                    | Annaly Capital Management, Inc. COM NEW                | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     22074 | NS      | $478343.58    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                     | Tetra Tech Inc COM                                     | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |      2730 | NS      | $422030.70    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.                            | CACI International Inc. CL A                           | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      1199 | NS      | $374447.70    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                          | Jabil Inc COM                                          | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      7043 | NS      | $508434.17    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Logistics, Inc.                                | XPO Logistics, Inc. COM                                | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |      5224 | NS      | $201750.88    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders Firstsource, Inc.                         | Builders Firstsource, Inc. COM                         | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      8090 | NS      | $517193.70    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc                     | First Financial Bankshares Inc COM                     | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |      6790 | NS      | $250890.50    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Incorporation                      | Williams-Sonoma Incorporation COM                      | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      3521 | NS      | $411604.90    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| World Wrestling Entertainment, Inc.                | World Wrestling Entertainment, Inc. CL A               | CUSIP: 98156Q108<br>LEI: 549300WZVLSCS3L4L698 | Long             | EC               | CORP              | US        |      2214 | NS      | $176854.32    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp                  | Marriott Vacations Worldwide Corp COM                  | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |      2090 | NS      | $311368.20    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwestern Energy Company                        | Southwestern Energy Company COM                        | CUSIP: 845467109<br>LEI: EFWMP121W54QV9MGOP87 | Long             | EC               | CORP              | US        |     58705 | NS      | $406238.60    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc                      | Jefferies Financial Group Inc COM                      | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |      9522 | NS      | $361740.78    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc.                                        | Belden Inc. COM                                        | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      2251 | NS      | $181070.44    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Corporate Office Properties Trust                  | Corporate Office Properties Trust SH BEN INT           | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |      5953 | NS      | $165314.81    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Coty Inc.                                          | Coty Inc. COM CL A                                     | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Long             | EC               | CORP              | US        |     17865 | NS      | $140597.55    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordstrom, Inc.                                    | Nordstrom, Inc. COM                                    | CUSIP: 655664100<br>LEI: 549300S3IZB5P35KNV16 | Long             | EC               | CORP              | US        |      6132 | NS      | $128588.04    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Fluor Corporation                                  | Fluor Corporation COM                                  | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |      7046 | NS      | $236816.06    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands Inc.                                   | Hanesbrands Inc. COM                                   | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |     18591 | NS      | $124931.52    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc.                     | Rexford Industrial Realty Inc. COM                     | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |      8064 | NS      | $445858.56    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                               | Glacier Bancorp Inc. COM                               | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |      5299 | NS      | $306812.10    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corporation                                    | SLM Corporation COM                                    | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |     12872 | NS      | $224745.12    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                                      | Owens Corning COM                                      | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      4928 | NS      | $437803.52    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                                     | Exelixis, Inc. COM                                     | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     16697 | NS      | $285184.76    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                              | Range Resources Corp. COM                              | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     13142 | NS      | $379409.54    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                            | Kite Realty Group Trust COM NEW                        | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11573 | NS      | $263864.40    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Communications Parent Inc                 | Frontier Communications Parent Inc COM                 | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11416 | NS      | $294190.32    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust Inc.                      | Medical Properties Trust Inc. COM                      | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |     31572 | NS      | $414224.64    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corporation                                 | Chemed Corporation COM                                 | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |       787 | NS      | $409240.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International Inc.                     | Papa John's International Inc. COM                     | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |      1724 | NS      | $143540.24    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corporation                       | Tenet Healthcare Corporation COM NEW                   | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      5708 | NS      | $263595.44    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrims Pride Corporation                         | Pilgrims Pride Corporation COM                         | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |      2700 | NS      | $70632.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Light & Wonder Inc                                 | Light & Wonder Inc COM                                 | CUSIP: 80874P109<br>LEI: 529900JXALYBOHXKFM62 | Long             | EC               | CORP              | US        |      4830 | NS      | $312839.10    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                               | Federated Hermes Inc CL B                              | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |      4336 | NS      | $164594.56    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Shockwave Medical Incorporation                    | Shockwave Medical Incorporation COM                    | CUSIP: 82489T104<br>LEI: 549300LDXO56IC5Y1538 | Long             | EC               | CORP              | US        |      1882 | NS      | $477275.20    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corporation                       | Envista Holdings Corporation COM                       | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |      8546 | NS      | $291589.52    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corporation                    | Fox Factory Holding Corporation COM                    | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |      2181 | NS      | $231404.10    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                                        | Avnet, Inc. COM                                        | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |      5137 | NS      | $232038.29    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System, Inc.                                 | Ryder System, Inc. COM                                 | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |      2687 | NS      | $251207.63    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                               | Kyndryl Holdings Inc COMMON STOCK                      | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |      9501 | NS      | $111256.71    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Incorporation             | Watts Water Technologies Incorporation CL A            | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |      1449 | NS      | $229594.05    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                                        | Progyny Inc COM                                        | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3648 | NS      | $133626.24    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc.                            | Ormat Technologies Inc. COM                            | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |      2357 | NS      | $213143.51    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana Pacific Corporation                      | Louisiana Pacific Corporation COM                      | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      3782 | NS      | $241291.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| The Scotts Miracle-Gro Company                     | The Scotts Miracle-Gro Company CL A                    | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |      2158 | NS      | $120696.94    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinks Company                                     | Brinks Company COM                                     | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |      2467 | NS      | $147403.25    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour, Inc.                                 | Under Armour, Inc. CL A                                | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |      4953 | NS      | $49530.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods, Inc.                                | Flowers Foods, Inc. COM                                | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |      9880 | NS      | $296894.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                              | Medpace Holdings Inc. COM                              | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |      1285 | NS      | $269708.65    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Networks Inc                                 | Calix Networks Inc COM                                 | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |      2919 | NS      | $208124.70    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.                        | Dick's Sporting Goods, Inc. COM                        | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      2914 | NS      | $348456.12    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                            | WEX Inc COM                                            | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      2262 | NS      | $382594.68    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc.                                 | ManpowerGroup Inc. COM                                 | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |      2649 | NS      | $231840.48    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.                       | Sabra Health Care REIT, Inc. COM                       | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     11960 | NS      | $154403.60    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc.                            | Power Integrations Inc. COM                            | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |      2928 | NS      | $235645.44    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ESAB Corp.                                         | ESAB Corp. COM                                         | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |      2165 | NS      | $102491.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastgroup Properties, Inc.                         | Eastgroup Properties, Inc. COM                         | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      2141 | NS      | $332368.84    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc.                          | Lennox International Inc. COM                          | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      1651 | NS      | $429969.93    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                              | Lantheus Holdings Inc COM                              | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |      3520 | NS      | $218521.60    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corporation                         | Xerox Holdings Corporation COM NEW                     | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |      6258 | NS      | $102067.98    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                         | Neurocrine Biosciences Inc COM                         | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      4897 | NS      | $622212.82    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                           | Jazz Pharmaceuticals PLC COM USD0.0001                 | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |      3129 | NS      | $490971.39    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                          | Regal Rexnord Corporation COM                          | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      3404 | NS      | $446298.44    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corporation                               | Repligen Corporation COM                               | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |      2642 | NS      | $472495.28    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC Energy, Inc.                                   | PDC Energy, Inc. COM                                   | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |      4931 | NS      | $366471.92    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                                      | Cable One Inc COM                                      | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |       262 | NS      | $189763.98    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                      | Independence Realty Trust Inc COM                      | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |     11696 | NS      | $211931.52    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                         | Cullen/Frost Bankers, Inc. COM                         | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |      3002 | NS      | $435500.14    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                                 | Post Holdings Inc. COM                                 | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |      2784 | NS      | $260610.24    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Steel Corporation                    | United States Steel Corporation COM                    | CUSIP: 912909108<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | EC               | CORP              | US        |     12147 | NS      | $319344.63    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.                   | Omega Healthcare Investors, Inc. COM                   | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     11988 | NS      | $362996.64    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                                    | Littelfuse Inc. COM                                    | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      1304 | NS      | $321436.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                                   | Haemonetics Corp COM                                   | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |      2627 | NS      | $224109.37    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                                    | Emcor Group Inc COM                                    | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      2526 | NS      | $391277.40    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Greif, Inc.                                        | Greif, Inc. CL A                                       | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |      1407 | NS      | $98926.17     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                           | Saia Inc COM                                           | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      1395 | NS      | $339808.05    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiley John & Sons Inc.                             | Wiley John & Sons Inc. CL A                            | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |      2306 | NS      | $109327.46    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JBG SMITH Properties                               | JBG SMITH Properties COM                               | CUSIP: 46590V100<br>LEI: 549300HHIW6GDQCPEC54 | Long             | EC               | CORP              | US        |      5705 | NS      | $117580.05    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corporation                                 | Avient Corporation COM                                 | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |      4377 | NS      | $151487.97    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corporation                              | Flowserve Corporation COM                              | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |      6904 | NS      | $216509.44    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corporation                                | Semtech Corporation COM                                | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |      3441 | NS      | $105776.34    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PacWest Bancorp                                    | PacWest Bancorp COM                                    | CUSIP: 695263103<br>LEI: 549300YI8VMFO7G36V04 | Long             | EC               | CORP              | US        |      6472 | NS      | $169048.64    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corporation                        | Hancock Whitney Corporation COM                        | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |      4389 | NS      | $240692.76    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corporation                                | Navient Corporation COM                                | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |      5666 | NS      | $93885.62     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                                      | ONE Gas, Inc. COM                                      | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |      2835 | NS      | $246503.25    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                               | Old National Bancorp COM                               | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     15533 | NS      | $296835.63    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                            | KBR Inc COM                                            | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |      7120 | NS      | $367890.40    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Skin Enterprises Inc.                           | Nu Skin Enterprises Inc. CL A                          | CUSIP: 67018T105<br>LEI: 54930050DETB6CP71D38 | Long             | EC               | CORP              | US        |      2657 | NS      | $110823.47    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Asgn Incorporated                                  | Asgn Incorporated COM                                  | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |      2570 | NS      | $232842.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation                       | Stifel Financial Corporation COM                       | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      5553 | NS      | $356780.25    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sotera Health Company                              | Sotera Health Company COM                              | CUSIP: 83601L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2599 | NS      | $21675.66     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK Little Rock Arkansas                      | Bank OZK Little Rock Arkansas COM                      | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |      5938 | NS      | $274038.70    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications, Inc.                       | Iridium Communications, Inc. COM                       | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |      6514 | NS      | $345893.40    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                       | Wyndham Hotels & Resorts Inc COM                       | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |      4625 | NS      | $339105.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Community Bancorp Inc.                    | New York Community Bancorp Inc. COM                    | CUSIP: 649445103<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |     24647 | NS      | $230449.45    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                        | Novanta Inc COM                                        | CUSIP: 67000B104<br>LEI: 549300NBPHPTUPTS8070 | Long             | EC               | CORP              | CA        |      1873 | NS      | $295465.75    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corporation                      | Paylocity Holding Corporation COM                      | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      2089 | NS      | $455046.87    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                             | Cathay General Bancorp COM                             | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |      3810 | NS      | $177050.70    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                           | Manhattan Associates Inc COM                           | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |      3211 | NS      | $404393.34    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation                          | First Horizon Corporation COM                          | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     27478 | NS      | $682828.30    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                          | Janus Henderson Group PLC ORD USD1.50                  | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |      6856 | NS      | $173388.24    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corporation                                 | Enovis Corporation COM                                 | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |      2165 | NS      | $117191.45    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                         | Azenta Inc COM                                         | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |      3937 | NS      | $237046.77    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care Inc                           | Tandem Diabetes Care Inc COM NEW                       | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               | CORP              | US        |      3340 | NS      | $140447.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                         | Brixmor Property Group Inc COM                         | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     15740 | NS      | $364853.20    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corporation                                   | GATX Corporation COM                                   | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |      1807 | NS      | $203739.25    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc                     | BJ Wholesale Club Holdings Inc COM                     | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      7095 | NS      | $533827.80    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| The Chemours Company LLC                           | The Chemours Company LLC COM                           | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |      7944 | NS      | $246661.20    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp.                         | New Jersey Resources Corp. COM                         | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |      5111 | NS      | $254272.25    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Exlservice Holdings Inc                            | Exlservice Holdings Inc COM                            | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |      1693 | NS      | $316929.60    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitrans Midstream Corporation                    | Equitrans Midstream Corporation COM                    | CUSIP: 294600101<br>LEI: 549300RH0NLJNZ5SXU64 | Long             | EC               | CORP              | US        |     20127 | NS      | $168865.53    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corporation                                | Vontier Corporation COM                                | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |      8087 | NS      | $158747.81    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp.                            | Universal Display Corp. COM                            | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2297 | NS      | $258688.14    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmarket Corporation                              | Newmarket Corporation COM                              | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |       355 | NS      | $112187.10    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                                  | ACI Worldwide Inc COM                                  | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |      5840 | NS      | $122056.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                                   | DT Midstream Inc COMMON STOCK                          | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5076 | NS      | $306235.08    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp                      | International Bancshares Corp COM                      | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |      2788 | NS      | $146871.84    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollies Bargain Outlet Holdings Incorporation       | Ollies Bargain Outlet Holdings Incorporation COM       | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      3186 | NS      | $194027.40    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares Inc                              | United Bankshares Inc COM                              | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |      6634 | NS      | $284532.26    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Company                     | Performance Food Group Company COM                     | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |      8145 | NS      | $496682.10    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                                       | LivaNova PLC ORD GBP1.00 (DI)                          | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |      2820 | NS      | $156143.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| R1 RCM Inc.                                        | R1 RCM Inc. COM                                        | CUSIP: 77634L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7094 | NS      | $64200.70     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| The Macerich Company                               | The Macerich Company COM                               | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |      9276 | NS      | $117805.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                            | ITT Inc COM                                            | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |      4382 | NS      | $370366.64    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc.                               | Thor Industries Inc. COM                               | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |      2934 | NS      | $252734.76    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc                    | Pinnacle Financial Partners Inc COM                    | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |      4033 | NS      | $338328.37    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                               | Curtiss-Wright Corp. COM                               | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      2022 | NS      | $357186.30    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc                            | Commerce Bancshares Inc COM                            | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5586 | NS      | $418503.12    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc.                               | Landstar System Inc. COM                               | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      1865 | NS      | $322607.70    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                         | Sensient Technologies Corp COM                         | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |      2152 | NS      | $160775.92    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation                       | Encompass Health Corporation COM                       | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      5273 | NS      | $308365.04    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NVent Electric PLC                                 | NVent Electric PLC COM USD0.01                         | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      8525 | NS      | $341085.25    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corporation                                   | Olin Corporation COM PAR $1                            | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |      6912 | NS      | $393845.76    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                          | Crocs Inc COM                                          | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |      3156 | NS      | $318756.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| National Instruments Corp.                         | National Instruments Corp. COM                         | CUSIP: 636518102<br>LEI: 549300TP4OOPCYWDUP86 | Long             | EC               | CORP              | US        |      6872 | NS      | $281889.44    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                           | UGI Corp COM                                           | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     10721 | NS      | $414366.65    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Industries, Inc.                       | Worthington Industries, Inc. COM                       | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |       755 | NS      | $42838.70     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc.                               | Silgan Holdings Inc. COM                               | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |      4332 | NS      | $229162.80    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc.                     | Selective Insurance Group Inc. COM                     | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      3089 | NS      | $296914.68    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal Inc                                     | Kennametal Inc COM                                     | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |      4431 | NS      | $117067.02    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                                       | Omnicell Inc COM                                       | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |      2324 | NS      | $119941.64    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc.                                    | MSA Safety Inc. COM                                    | CUSIP: 553498106<br>LEI: 549300ZG8DNJXBML4F23 | Long             | EC               | CORP              | US        |      1931 | NS      | $272290.31    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc.                                 | GXO Logistics Inc. COMMON STOCK                        | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |      5224 | NS      | $244796.64    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc.                               | Home BancShares Inc. COM                               | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8489 | NS      | $216045.05    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                          | Matador Resources Company COM                          | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      5862 | NS      | $389002.32    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc.                                        | Sunrun Inc. COM                                        | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |     10914 | NS      | $355578.12    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Incorporated                    | Carlisle Companies Incorporated COM                    | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      2648 | NS      | $696715.28    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corporation                       | Antero Midstream Corporation COM                       | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17306 | NS      | $196076.98    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corporation                                 | Hexcel Corporation COM                                 | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      4444 | NS      | $266417.80    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                         | Unum Group COM                                         | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |      9745 | NS      | $411044.10    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Med Inc                                     | Globus Med Inc CL A                                    | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      3944 | NS      | $291422.16    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corporation                                | Oshkosh Corporation COM                                | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      3453 | NS      | $317917.71    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Company, Inc.                    | Acadia Healthcare Company, Inc. COM                    | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |      4932 | NS      | $439243.92    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Grocery Outlet Holding Corp.                       | Grocery Outlet Holding Corp. COM                       | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4882 | NS      | $147778.14    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                                      | Teradata Corp COM                                      | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |      5506 | NS      | $188029.90    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                              | AECOM COM                                              | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |      7151 | NS      | $607835.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                                         | Adient PLC COM USD0.001                                | CUSIP: G0084W101<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | IE        |      4855 | NS      | $189053.70    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.                  | The Hanover Insurance Group, Inc. COM                  | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      1892 | NS      | $278691.60    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                               | Steel Dynamics, Inc. COM                               | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      8975 | NS      | $932771.75    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Incorporation                             | Penumbra Incorporation COM                             | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      1871 | NS      | $391993.21    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust, Inc.                | First Industrial Realty Trust, Inc. COM                | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6844 | NS      | $345964.20    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                       | Wingstop Inc COM                                       | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      1531 | NS      | $253395.81    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corporation                                    | PVH Corporation COM                                    | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |      3428 | NS      | $230293.04    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.                                | Clean Harbors, Inc. COM                                | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |      2652 | NS      | $318240.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                       | Evercore Inc CLASS A                                   | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      1844 | NS      | $212391.92    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc.                      | Simpson Manufacturing Co Inc. COM                      | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      2135 | NS      | $198661.75    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                         | Grand Canyon Education Inc COM                         | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      1699 | NS      | $192105.93    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| The Gap Inc                                        | The Gap Inc COM                                        | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |     11312 | NS      | $164476.48    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                          | Graco Inc COM                                          | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |      8660 | NS      | $605940.20    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corporation                             | Concentrix Corporation COM                             | CUSIP: 20602D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2269 | NS      | $277680.22    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunpower Corporation                               | Sunpower Corporation COM                               | CUSIP: 867652406<br>LEI: 549300TXO070764WUH65 | Long             | EC               | CORP              | US        |      4397 | NS      | $106627.25    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Company                          | National Fuel Gas Company COM                          | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      4832 | NS      | $320023.36    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                       | B 0 12/20/22                                           | CUSIP: 912796YZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900000 | PA      | $898243.27    | 0.85%             | 2022-12-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tripadvisor Inc                                    | Tripadvisor Inc COM                                    | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |      5427 | NS      | $110656.53    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                           | Valmont Industries, Inc. COM                           | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      1124 | NS      | $380653.84    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                          | Prosperity Bancshares Inc COM                          | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4670 | NS      | $352911.90    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Corporation                                    | NCR Corporation COM                                    | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |      7171 | NS      | $171171.77    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                                | UMB Financial Corp. COM                                | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |      2226 | NS      | $190367.52    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Incorporated                             | Synaptics Incorporated COM                             | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |      2090 | NS      | $221477.30    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Incorporated                             | Ingredion Incorporated COM                             | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      3355 | NS      | $328689.35    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc                             | Energizer Holdings Inc COM                             | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |      3289 | NS      | $112122.01    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America, Incorporated         | Reinsurance Group of America, Incorporated COM NEW     | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |      3431 | NS      | $495436.40    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                            | Pebblebrook Hotel Trust COM                            | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |      6963 | NS      | $115933.95    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cracker Barrel Old Country Store Inc.              | Cracker Barrel Old Country Store Inc. COM              | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | EC               | CORP              | US        |      1166 | NS      | $133856.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Avis Budget Group, Inc.                            | Avis Budget Group, Inc. COM                            | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |      1494 | NS      | $334058.40    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients, Inc                           | Darling Ingredients, Inc COM                           | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |      8212 | NS      | $589867.96    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corporation                                  | Cabot Corporation COM                                  | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |      2965 | NS      | $218283.30    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                                 | RH COM                                                 | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |       865 | NS      | $248107.95    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co.                      | Reliance Steel & Aluminum Co. COM                      | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      3087 | NS      | $652252.23    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                             | Fair Isaac Corporation COM                             | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      1309 | NS      | $811213.48    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                                      | Insperity Inc COM                                      | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |      1902 | NS      | $225482.10    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corporation                               | Ingevity Corporation COM                               | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |      1831 | NS      | $143312.37    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                                    | ICU Medical Inc COM                                    | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |      1078 | NS      | $171649.94    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation, Inc.                                   | AutoNation, Inc. COM                                   | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1871 | NS      | $231835.61    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                                     | Ziff Davis Inc COM                                     | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |      2375 | NS      | $219117.50    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                          | Spire Inc COM                                          | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      2739 | NS      | $202959.90    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc                         | Coca-Cola Consolidated Inc COM                         | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |       121 | NS      | $59507.80     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SKECHERS USA, Inc.                                 | SKECHERS USA, Inc. CL A                                | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |      7149 | NS      | $301473.33    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Incorporation                    | Lumentum Holdings Incorporation COM                    | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      3621 | NS      | $198937.74    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour, Inc.                                 | Under Armour, Inc. CL C                                | CUSIP: 904311206<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |      5322 | NS      | $46407.84     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                                 | SEI Investments Co COM                                 | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      5272 | NS      | $328340.16    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                      | Dynatrace Inc COM NEW                                  | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10299 | NS      | $399086.25    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                            | Black Hills Corporation COM                            | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |      3364 | NS      | $240963.32    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc.                               | MKS Instruments Inc. COM                               | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      2939 | NS      | $246464.54    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel Plus Leisure Co                             | Travel Plus Leisure Co COM                             | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |      4573 | NS      | $177752.51    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting, Inc.                               | FTI Consulting, Inc. COM                               | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      1812 | NS      | $313149.84    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                                   | QuidelOrtho Corp COM                                   | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |      2295 | NS      | $201064.95    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| STORE Capital Corp.                                | STORE Capital Corp. COM                                | CUSIP: 862121100<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | EC               | CORP              | US        |     12450 | NS      | $397155.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                              | East West Bancorp Inc COM                              | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7216 | NS      | $506635.36    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Block(H&R)Inc                                      | Block(H&R)Inc COM                                      | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |      8393 | NS      | $366858.03    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corporation                             | Murphy Oil Corporation COM                             | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |      7675 | NS      | $362260.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc                             | Option Care Health Inc COM NEW                         | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |      7340 | NS      | $221007.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corporation                          | CNX Resources Corporation COM                          | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     10236 | NS      | $177799.32    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| The Wendys Company                                 | The Wendys Company COM                                 | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |      9014 | NS      | $203355.84    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc.                            | Werner Enterprises Inc. COM                            | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |      2668 | NS      | $117338.64    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated                    | Jones Lang LaSalle Incorporated COM                    | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      2453 | NS      | $412521.01    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc.          | Knight-Swift Transportation Holdings Inc. CL A         | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8227 | NS      | $456022.61    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                         | Kirby Corp COM                                         | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |      3067 | NS      | $214045.93    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Incorporated                         | Lithia Motors Incorporated COM                         | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |      1409 | NS      | $337187.79    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                                        | Idacorp Inc COM                                        | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      2677 | NS      | $295888.81    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                     | EPR Properties COM SH BEN INT                          | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |      4167 | NS      | $173388.87    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Company                            | Sonoco Products Company COM                            | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |      4993 | NS      | $306420.41    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                                      | Valvoline Inc COM                                      | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |      9064 | NS      | $298930.72    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories, Inc.                         | Silicon Laboratories, Inc. COM                         | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |      1752 | NS      | $254810.88    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| The Goodyear Tire & Rubber Company                 | The Goodyear Tire & Rubber Company COM                 | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |     13550 | NS      | $152031.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                               | Eagle Materials Inc. COM                               | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      1929 | NS      | $262999.86    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Gamestop Corp                                      | Gamestop Corp CL A                                     | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |     12308 | NS      | $322592.68    | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| LHC Group Inc                                      | LHC Group Inc COM                                      | CUSIP: 50187A107<br>LEI: 5299009NPLWAMRQYZX73 | Long             | EC               | CORP              | US        |      1631 | NS      | $266521.71    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                                        | Neogen Corp COM                                        | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |     11308 | NS      | $187260.48    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                          | Kinsale Capital Group Inc COM                          | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      1102 | NS      | $339647.42    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Stericycle, Inc.                                   | Stericycle, Inc. COM                                   | CUSIP: 858912108<br>LEI: B8PTJH2P0AXSWSMP2136 | Long             | EC               | CORP              | US        |      4720 | NS      | $246053.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Staar Surgical Co                                  | Staar Surgical Co COM PAR $0.01                        | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Long             | EC               | CORP              | US        |      2560 | NS      | $146201.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Incorporation                              | Polaris Incorporation COM                              | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |      2866 | NS      | $326895.96    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc                      | Interactive Brokers Group Inc COM CL A                 | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      4471 | NS      | $359021.30    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                                | Churchill Downs Inc COM                                | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |      1698 | NS      | $376888.08    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sl Green Realty Corp                               | Sl Green Realty Corp COM                               | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |      3571 | NS      | $149839.16    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Company PLC                                | Perrigo Company PLC COM EUR0.001                       | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |      7087 | NS      | $228414.01    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabre Corporation                                  | Sabre Corporation COM                                  | CUSIP: 78573M104<br>LEI: 529900VKCYZW8GZ4WW58 | Long             | EC               | CORP              | US        |     16503 | NS      | $100833.33    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corporation                    | United Therapeutics Corporation COM                    | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      2379 | NS      | $665858.31    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                         | Southwest Gas Holdings Inc COM                         | CUSIP: 844895102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3218 | NS      | $220304.28    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corporation                                 | Masimo Corporation COM                                 | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |      2474 | NS      | $358581.56    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| IAA, Inc.                                          | IAA, Inc. COM                                          | CUSIP: 449253103<br>LEI: 549300PZCOPC5178W747 | Long             | EC               | CORP              | US        |      7144 | NS      | $266971.28    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN Entertainment Inc                             | PENN Entertainment Inc COM                             | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8119 | NS      | $285707.61    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen Of Troy Corp                                 | Helen Of Troy Corp COM STK USD0.10                     | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      1277 | NS      | $125835.58    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corporation                  | Lattice Semiconductor Corporation COM                  | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |      7031 | NS      | $512067.73    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                          | Halozyme Therapeutics Inc COM                          | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      7274 | NS      | $416509.24    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Technology, Inc.                             | Aspen Technology, Inc. COM                             | CUSIP: 29109X106<br>LEI: 254900545H80W6GA2J08 | Long             | EC               | CORP              | US        |      1511 | NS      | $348285.50    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                                   | Royal Gold, Inc. COM                                   | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      3477 | NS      | $390571.41    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionX Corporation                              | ChampionX Corporation COM                              | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |     10391 | NS      | $320458.44    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc.                      | MSC Industrial Direct Co Inc. CL A                     | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |      2536 | NS      | $217664.88    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Agco Corporation                                   | Agco Corporation COM                                   | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      3170 | NS      | $420722.40    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                                 | Voya Financial Inc COM                                 | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |      5014 | NS      | $330823.72    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Incorporated                                  | Dana Incorporated COM                                  | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |      6533 | NS      | $115046.13    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                        | Maximus Inc COM                                        | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |      3258 | NS      | $229037.40    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc.                              | Celsius Holdings Inc. COM NEW                          | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1513 | NS      | $168457.42    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Univar Solutions Inc                               | Univar Solutions Inc COM                               | CUSIP: 91336L107<br>LEI: 549300VSXHFQVR770L55 | Long             | EC               | CORP              | US        |      8541 | NS      | $282963.33    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                               | Topbuild Corporation COM                               | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      1687 | NS      | $259932.96    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp.                                  | HF Sinclair Corp. COM                                  | CUSIP: 403949100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7439 | NS      | $463747.26    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstcash Holdings Inc                             | Firstcash Holdings Inc COM                             | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2071 | NS      | $194384.06    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                                    | Primerica, Inc. COM                                    | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      1917 | NS      | $285690.51    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson, Inc.                              | Harley-Davidson, Inc. COM                              | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |      6881 | NS      | $324301.53    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's, Inc.                                       | Macy's, Inc. COM                                       | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |     13812 | NS      | $324582.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology, Inc.                             | Amkor Technology, Inc. COM                             | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |      5309 | NS      | $148758.18    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc.                                       | Ashland Inc. COM                                       | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |      2550 | NS      | $285268.50    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corporation                             | OGE Energy Corporation COM                             | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     10251 | NS      | $414755.46    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PNM Resources Inc.                                 | PNM Resources Inc. COM                                 | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |      4449 | NS      | $218001.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| HRTI LLC                                           | HRTI LLC CL A COM                                      | CUSIP: 42226K105<br>LEI: 549300CB86LH2IOKHH22 | Long             | EC               | CORP              | US        |     19987 | NS      | $410333.11    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corporation               | First American Financial Corporation COM               | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |      5333 | NS      | $291448.45    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GLOBEX                                         | E-mini S&P MidCap 400 Index Futures,Dec-2022,ETH       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |         3 | NC      | $773940.00    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirit Realty Capital Inc                          | Spirit Realty Capital Inc COM NEW                      | CUSIP: 84860W300<br>LEI: 549300LTU6LVPZSHMJ25 | Long             | EC               | CORP              | US        |      6787 | NS      | $281117.54    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corporation                              | Brunswick Corporation COM                              | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      3808 | NS      | $282553.60    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                                     | Five Below Inc COM                                     | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      2841 | NS      | $457003.26    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial Inc.                         | Brighthouse Financial Inc. COM                         | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |      3677 | NS      | $204955.98    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corporation                                   | Lear Corporation COM NEW                               | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      3046 | NS      | $439355.04    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Umpqua Holdings Co                                 | Umpqua Holdings Co COM                                 | CUSIP: 904214103<br>LEI: 5299002ENJ7CY215BW86 | Long             | EC               | CORP              | US        |     11390 | NS      | $230875.30    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc.           | MACOM Technology Solutions Holdings Inc. COM           | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2571 | NS      | $176601.99    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                        | Cognex Corp COM                                        | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |      8879 | NS      | $441996.62    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Company                  | Portland General Electric Company COM NEW              | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |      4692 | NS      | $230987.16    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Brands, Inc.                                | Acuity Brands, Inc. COM                                | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1675 | NS      | $315385.75    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Corporation                           | Northwestern Corporation COM NEW                       | CUSIP: 668074305<br>LEI: 3BPWMBHR1R9SHUN7J795 | Long             | EC               | CORP              | US        |      2732 | NS      | $159576.12    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Foot Locker, Inc.                                  | Foot Locker, Inc. COM                                  | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |      4393 | NS      | $174841.40    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                                 | Douglas Emmett Inc COM                                 | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9604 | NS      | $166341.28    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company                          | Lamar Advertising Company CL A                         | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |      4460 | NS      | $446624.40    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc.                                    | Murphy USA Inc. COM                                    | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      1100 | NS      | $325391.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Victorias Secret and Co                            | Victorias Secret and Co COMMON STOCK                   | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |      3564 | NS      | $163944.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Amedisys Inc                                       | Amedisys Inc COM                                       | CUSIP: 023436108<br>LEI: 5299001RBS9GK9STN379 | Long             | EC               | CORP              | US        |      1661 | NS      | $151300.49    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| JetBlue Airways Corporation                        | JetBlue Airways Corporation COM                        | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |     16855 | NS      | $134165.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide, Inc.                            | Euronet Worldwide, Inc. COM                            | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |      2411 | NS      | $224102.45    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics, Inc.                            | Arrow Electronics, Inc. COM                            | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      3286 | NS      | $357319.64    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-13

**Name of Applicant:** SHELTON FUNDS

**Signature:** /s/ Gregory Pusch

**Name of Signer:** Gregory Pusch

**Title:** General Counsel and CCO