# EDGAR Filing Document

**Accession Number:** 0001058587
**File Stem:** 0001162044-25-001264
**Filing Date:** 2025-12
**Character Count:** 26325
**Document Hash:** 01bc57342b923f8c0c1bc2f6c82f7bab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-25-001264.hdr.sgml**: 20251208

**ACCESSION NUMBER**: 0001162044-25-001264

**CONFORMED SUBMISSION TYPE**: NT NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20251208

**DATE AS OF CHANGE**: 20251208

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UPRIGHT INVESTMENTS TRUST
- **CENTRAL INDEX KEY:** 0001058587

**ORGANIZATION NAME:**
- **EIN:** 223591153
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NT NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08723
- **FILM NUMBER:** 251555413

**BUSINESS ADDRESS:**
- **STREET 1:** 349 RIDGEDALE AVENUE
- **CITY:** EAST HANOVER
- **STATE:** NJ
- **ZIP:** 07936
- **BUSINESS PHONE:** 9735331818

**MAIL ADDRESS:**
- **STREET 1:** 349 RIDGEDALE AVENUE
- **CITY:** EAST HANOVER
- **STATE:** NJ
- **ZIP:** 07936

## Series and Classes Contracts Data

### Upright Growth Fund (Series ID: S000004906)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000013262 | Upright Growth Fund | UPUPX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (unaudited)** | **June 30, 2025 (unaudited)** | **June 30, 2025 (unaudited)** |
| **<u>Upright Growth Fund</u>** | **<u>Upright Growth Fund</u>** | **<u>Upright Growth Fund</u>** |
|  | **Shares or Principal** |  |
| **Security Description** | **Amount ($)** | **Fair Value ($)(1)** |
| **Common Stocks - 70.97%** | **Common Stocks - 70.97%** | **Common Stocks - 70.97%** |
| **Agricultural Inputs - 0.19%** |  |  |
| The Mosaic Co. | 1200  | 43776  |
| **Banks - Diversified - 1.30%** |  |  |
| Bank of America Corp. | 6000  | 283920  |
| **Consumer Electronics - 5.82%** |  |  |
| Apple, Inc. | 6200  | 1272054  |
| **Drug Manufacturers - General - 2.04%** |  |  |
| AbbVie, Inc. | 2400  | 445488  |
| **Drug Manufacturers - Specialty & Generic - 5.13%** |  |  |
| Bausch Health Cos., Inc. (2) | 2000  | 13320  |
| Teva Pharmaceutical Industries Ltd. ADR (2) | 66102  | 1107870  |
|  |  | 1121190  |
| **Electrical Equipment & Parts - 0.49%** |  |  |
| Plug Power, Inc. (2) | 72500  | 108025  |
| **Insurance - Life - 1.17%** |  |  |
| Brighthouse Financial, Inc. (2) | 1000  | 53770  |
| MetLife, Inc. | 2500  | 201050  |
|  |  | 254820  |
| **Integrated Circuit Design - 27.43%** |  |  |
| Himax Technologies, Inc. ADR | 671261  | 5994361  |
| **Internet Content & Information- 2.64%** |  |  |
| Alphabet, Inc. Class C  | 2000  | 354780  |
| Meta Platforms, Inc. Class A  | 300  | 221427  |
|  |  | 576207  |
| **Internet Retail - 1.04%** |  |  |
| Alibaba Group Holding Ltd. ADR  | 2000  | 226820  |
| **Semiconductors - 22.76%** |  |  |
| ASE Technology Holding Co. Ltd. ADR (2) | 10000  | 103300  |
| Silicon Motion Technology Corp. ADR  | 13000  | 977210  |
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 17000  | 3850330  |
| United Microelectronics Corp. ADR (2) | 5500  | 42075  |
|  |  | 4972915  |
| **Specialty Retail - 70.97%** |  |  |
| PDD Holdings, Inc. (2) | 2000  | 209320  |
| Total Common Stock | (Cost $11,061,323) | 15508895  |
| **Exchange-Traded Funds (3) - 13.34%** | **Exchange-Traded Funds (3) - 13.34%** | **Exchange-Traded Funds (3) - 13.34%** |
| Direxion Daily 20+ Year Treasury Bull 3X Shares | 10000  | 392400  |
| Direxion Daily Aerospace & Defense Bull 3X Shares | 5500  | 285340  |
| Direxion Daily Dow Jones Internet Bull 3X Shares | 22000  | 659120  |
| Direxion Daily Industrials Bull 3X Shares | 3000  | 204208  |
| Direxion Daily Pharmaceutical & Medical Bull 3X Shares | 4000  | 20680  |
| Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF | 3000  | 135180  |
| Direxion Daily Real Estate Bull 3X Shares | 5000  | 47750  |
| Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares | 4000  | 87614  |
| Direxion Daily Semiconductor Bull 3X Shares | 10100  | 253611  |
| Direxion Financial Bull 3X Shares | 2000  | 337200  |
| Direxion Small Cap Bull 3X Shares | 1500  | 50310  |
| iShares 20+ Year Treasury Bond ETF | 5000  | 441250  |
| Total Exchange-Traded Funds | (Cost $2,018,342) | 2914663  |
| **Money Market Registered Investment Companies (4) - 14.76%** | **Money Market Registered Investment Companies (4) - 14.76%** | **Money Market Registered Investment Companies (4) - 14.76%** |
| Fidelity Institutional Money Market - Treasury Portfolio - Class I - 4.94% | 2000000  | 2000000  |
| Morgan Stanley Institutional Liquidity Fund Government Portfolio - 4.97%  | 1226363  | 1226363  |
| Total Money Market Registered Investment Companies | (Cost $3,226,363) | 3226363  |
| **Total Investments - 99.08%** | (Cost $16,306,027) | 21649921  |
| Other Assets in Excess of Liabilities - 0.92% |  | 202005  |
| Total Net Assets - 100.00% |  | 21851926  |
| (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. |
| • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities |
| • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
| • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of June 30, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of June 30, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of June 30, 2025 in valuing the Fund's assets carried at fair value: |
|  | Investments in  | Other Financial |
| Valuation Inputs | Securities | Instruments (9) |
| Level 1 - Quoted Prices | $21649921 | $0  |
| Level 2 - Other Significant Observable Inputs | - | - |
| Level 3 - Significant Unobservable Inputs | - | - |
| Total | $21649921 | $0  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. |
| (2) Represents non-income producing securities. | (2) Represents non-income producing securities. | (2) Represents non-income producing securities. |
| (3) Exchange-traded fund. | (3) Exchange-traded fund. | (3) Exchange-traded fund. |
| (4) Investment in affiliate. The yield shown represents the 7-day yield in effect at June 30, 2025.  | (4) Investment in affiliate. The yield shown represents the 7-day yield in effect at June 30, 2025.  | (4) Investment in affiliate. The yield shown represents the 7-day yield in effect at June 30, 2025.  |
| (9) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are valued at the unrealized | (9) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are valued at the unrealized | (9) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are valued at the unrealized |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;appreciation/depreciation on the instrument. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;appreciation/depreciation on the instrument. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;appreciation/depreciation on the instrument. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** UPRIGHT INVESTMENTS TRUST

- **b. Investment Company Act file number:** 811-08723

- **c. CIK number of Registrant:** 0001058587

- **d. LEI of Registrant:** 5493003ZI0LVEQKB4487

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

  - **Street Address 1:** 349 RIDGEDALE AVE.

  - **City:** EAST HANOVER

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07936

  - **Telephone number:** 973-533-1818

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

- **a. Name of Series:** Upright Growth Fund

- **b. EDGAR series identifier (if any):** S000004906

- **c. LEI of Series:** 5493001L3JS2SRVYKZ86

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $21928896.43

**Total Liabilities:** $76970.58

**Net Assets:** $21851925.85

**Cash Not Reported:** $500.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013262 | -2.57%               | 8.85%                | 10.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-515621.39                                |
| Month 2  | $0.00                    | $1656668.17                                |
| Month 3  | $0.00                    | $1776617.19                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AbbVie, Inc.                                 | AbbVie, Inc.                                                                       | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      2400 | NS      | $445488.00    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                   | Alibaba Group Holding Ltd. ADR                                                     | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      2000 | NS      | $226820.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                               | Alphabet, Inc. Class C                                                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      2000 | NS      | $354780.00    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                  | Apple, Inc.                                                                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      6200 | NS      | $1272054.00   | 5.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co. Ltd.              | ASE Technology Holding Co. Ltd. ADR                                                | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | CN        |     10000 | NS      | $103300.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | Bank of America Corp.                                                              | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      6000 | NS      | $283920.00    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch Health Cos., Inc.                     | Bausch Health Cos., Inc.                                                           | CUSIP: 071734107<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | EC               | CORP              | CA        |      2000 | NS      | $13320.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial, Inc.                  | Brighthouse Financial, Inc.                                                        | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |      1000 | NS      | $53770.00     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily 20+ Year Treasury Bull 3X Shares                                    | CUSIP: 25460G138<br>LEI: N/A                  | Long             | EC               | RF                | US        |     10000 | NS      | $392400.00    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Aerospace & Defense Bull 3X Shares                                  | CUSIP: 25460E661<br>LEI: 549300VG68HYTVDG1738 | Long             | EC               | RF                | US        |      5500 | NS      | $285340.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Dow Jones Internet Bull 3X Shares                                   | CUSIP: 25460E364<br>LEI: 549300XXKV22AN28JF38 | Long             | EC               | RF                | US        |     22000 | NS      | $659120.00    | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Industrials Bull 3X Shares                                          | CUSIP: 25460E737<br>LEI: 549300DDEAR7S3PWSL31 | Long             | EC               | RF                | US        |      3000 | NS      | $204208.20    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Pharmaceutical & Medical Bull 3X Shares                             | CUSIP: 25460E646<br>LEI: 549300HLYIVQQ31NJC71 | Long             | EC               | RF                | US        |      4000 | NS      | $20680.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF                         | CUSIP: 25459W730<br>LEI: B15Q6MX3OEO111P4BX96 | Long             | EC               | RF                | US        |      3000 | NS      | $135180.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Real Estate Bull 3X Shares                                          | CUSIP: 25459W755<br>LEI: P8BQAXSX9Q7HO4G7MO50 | Long             | EC               | RF                | US        |      5000 | NS      | $47750.00     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares | CUSIP: 25460G823<br>LEI: 549300T7PQ41I2T80K11 | Long             | EC               | RF                | US        |      4000 | NS      | $87614.00     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Semiconductor Bull 3X Shares                                        | CUSIP: 25459W458<br>LEI: 549300CSAWUY4LTETA16 | Long             | EC               | RF                | US        |     10100 | NS      | $253611.00    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Financial Bull 3X Shares                                                  | CUSIP: 25459Y694<br>LEI: K98KMGGYJD1W0EDCBP05 | Long             | EC               | RF                | US        |      2000 | NS      | $337200.00    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Small Cap Bull 3X Shares                                                  | CUSIP: 25459W847<br>LEI: EI6O4TKYTT2L506TQD71 | Long             | EC               | RF                | US        |      1500 | NS      | $50310.00     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Institutional Cash Portfolios       | Fidelity Institutional Money Market - Treasury Portfolio - Class Iii               | CUSIP: 316175884<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2000000 | NS      | $2000000.00   | 9.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Himax Technologies, Inc.                     | Himax Technologies, Inc. ADR                                                       | CUSIP: 43289P106<br>LEI: 529900Z6XWS79D8T1X09 | Long             | EC               | CORP              | CN        |    671261 | NS      | $5994360.73   | 27.43%            |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                                | MetLife, Inc.                                                                      | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      2500 | NS      | $201050.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                         | Meta Platforms, Inc. Class A                                                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       300 | NS      | $221427.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds | Morgan Stanley Institutional Liquidity Fund Government Portfolio                   | CUSIP: 61747C608<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1226363 | NS      | $1226362.75   | 5.61%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings, Inc.                           | PDD Holdings, Inc.                                                                 | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      2000 | NS      | $209320.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power, Inc.                             | Plug Power, Inc.                                                                   | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |     72500 | NS      | $108025.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Motion Technology Corp.              | Silicon Motion Technology Corp. ADR                                                | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | CN        |     13000 | NS      | $977210.00    | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.  | Taiwan Semiconductor Manufacturing Co. Ltd.                                        | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | CN        |     17000 | NS      | $3850330.00   | 17.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd.          | Teva Pharmaceutical Industries Ltd.                                                | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |     66102 | NS      | $1107869.52   | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Co.                               | The Mosaic Co.                                                                     | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      1200 | NS      | $43776.00     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| United Microelectronics Corp.                | United Microelectronics Corp. ADR                                                  | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | CN        |      5500 | NS      | $42075.00     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                | iShares 20+ Year Treasury Bond ETF                                                 | CUSIP: 464287432<br>LEI: 549300WWURKS1JGBZU59 | Long             | EC               | RF                | US        |      5000 | NS      | $441250.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Upright Investments Trust

**Signature:** /s/ YOW-SHANG CHIUEH

**Name of Signer:** YOW-SHANG CHIUEH

**Title:** President