# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0001752724-23-075018
**Filing Date:** 2023-3
**Character Count:** 154843
**Document Hash:** b4269fe5b6027483005c1a6110b94328
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-075018.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-075018

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST II
- **CENTRAL INDEX KEY:** 0001518042
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22549
- **FILM NUMBER:** 23784072

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** 4221 NORTH 203RD STREET, SUITE 100
- **CITY:** ELKHORN
- **STATE:** NE
- **ZIP:** 68022

## Series and Classes Contracts Data

### Invenomic Fund (Series ID: S000057713)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000186112 | Invenomic Fund Institutional Class shares       | BIVIX           |
| C000186113 | Invenomic Fund Investor Class shares            | BIVRX           |
| C000211283 | Invenomic Fund Super Institutional Class shares | BIVSX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 109.4%** |  |
|  | **ADVERTISING & MARKETING - 0.0%<sup>(a)</sup>** |  |
| 4406 | Tenerity, Inc.<sup>(b),(d)</sup> | &nbsp;&nbsp;&nbsp; $– |
|  | **APPAREL & TEXTILE PRODUCTS - 4.4%** |  |
| 3361610 | Dr. Martens PLC | &nbsp;&nbsp;&nbsp; 6431800 |
| 2645846 | Hanesbrands, Inc.<sup>(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 22330941 |
| 917130 | Levi Strauss & Company, Class A<sup>(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 16875192 |
| 113603 | Superior Group of Companies, Inc. | &nbsp;&nbsp;&nbsp; 1355284 |
| 507990 | Under Armour, Inc., Class C<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 5537091 |
| 685218 | Unifi, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 5858614 |
|  |  | &nbsp;&nbsp; 58388922 |
|  | **ASSET MANAGEMENT - 0.8%** |  |
| 260708 | Assetmark Financial Holdings, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6919190 |
| 6109 | GoldMoney, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 8265 |
| 223482 | Silvercrest Asset Management Group, Inc. | &nbsp;&nbsp;&nbsp; 4223810 |
|  |  | &nbsp;&nbsp; 11151265 |
|  | **AUTOMOTIVE - 1.3%** |  |
| 76092 | BorgWarner, Inc. | &nbsp;&nbsp;&nbsp; 3597630 |
| 19299 | Continental A.G. | &nbsp;&nbsp;&nbsp; 1349399 |
| 140219 | Miller Industries, Inc. | &nbsp;&nbsp;&nbsp; 4067753 |
| 112645 | Vitesco Technologies Group A.G.<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 7775799 |
|  |  | &nbsp;&nbsp; 16790581 |
|  | **BANKING - 1.0%** |  |
| 196807 | Popular, Inc.<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 13508832 |
|  | **BEVERAGES - 0.5%** |  |
| 182169 | Suntory Beverage & Food Ltd. | &nbsp;&nbsp;&nbsp; 6131186 |
|  | **BIOTECH & PHARMA - 4.4%** |  |
| 233186 | Bayer A.G. | &nbsp;&nbsp;&nbsp; 14448963 |
| 561995 | Elanco Animal Health, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 7716191 |
| 718605 | Exelixis, Inc.<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 12661820 |
| 142409 | Grifols S.A. - ADR<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 1297346 |
| 195567 | Hikma Pharmaceuticals PLC | &nbsp;&nbsp;&nbsp; 4119116 |
| 386575 | Lexaria Bioscience Corporation<sup>(b),(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 1240906 |

---

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 109.4% (Continued)** |  |
|  | **BIOTECH & PHARMA - 4.4% (Continued)** |  |
| 1406691 | Viatris, Inc.<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; $17105362 |
|  |  | &nbsp;&nbsp; 58589704 |
|  | **CABLE & SATELLITE - 2.8%** |  |
| 44516 | Cogeco, Inc. | &nbsp;&nbsp;&nbsp; 1984430 |
| 888412 | Comcast Corporation, Class A<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 34959012 |
|  |  | &nbsp;&nbsp; 36943442 |
|  | **CHEMICALS - 1.4%** |  |
| 15110 | Cabot Corporation | &nbsp;&nbsp;&nbsp; 1138236 |
| 88491 | Eastman Chemical Company | &nbsp;&nbsp;&nbsp; 7802251 |
| 41004 | Koppers Holdings, Inc. <sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1419148 |
| 140894 | Mativ, Inc. | &nbsp;&nbsp;&nbsp; 3883039 |
| 416263 | Orion Engineered Carbons S.A.<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 8749849 |
|  |  | &nbsp;&nbsp; 22992523 |
|  | **COMMERCIAL SUPPORT SERVICES - 1.5%** |  |
| 103679 | ABM Industries, Inc.<sup>(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 4863582 |
| 388701 | BrightView Holdings, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3090173 |
| 340919 | Heidrick & Struggles International, Inc.<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 10486668 |
| 76949 | Securitas A.B. | &nbsp;&nbsp;&nbsp; 701447 |
|  |  | &nbsp;&nbsp; 19141870 |
|  | **CONSTRUCTION MATERIALS - 1.9%** |  |
| 266255 | Cie de Saint-Gobain | &nbsp;&nbsp;&nbsp; 15210023 |
| 104893 | Owens Corning<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 10137908 |
|  |  | &nbsp;&nbsp; 25347931 |
|  | **CONSUMER SERVICES - 2.5%** |  |
| 1170813 | Laureate Education, Inc. | &nbsp;&nbsp;&nbsp; 12855527 |
| 481913 | Stride, Inc.<sup>(b),(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 20688525 |
|  |  | &nbsp;&nbsp; 33544052 |
|  | **CONTAINERS & PACKAGING - 0.9%** |  |
| 152879 | Gerresheimer A.G. | &nbsp;&nbsp;&nbsp; 11251123 |
|  | **E-COMMERCE DISCRETIONARY - 4.1%** |  |
| 789041 | eBay, Inc.<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 39057529 |
| 1247939 | Moonpig Group PLC<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1853847 |
| 77482 | MYT Netherlands Parent BV - ADR<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 903440 |

---

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 109.4% (Continued)** |  |
|  | **E-COMMERCE DISCRETIONARY - 4.1% (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60541 | Overstock.com, Inc.<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1465698 |
| 2450347 | Rover Group, Inc.<sup>(b),(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 10021919 |
|  |  | &nbsp;&nbsp; 53302433 |
|  | **ELECTRICAL EQUIPMENT - 3.2%** |  |
| 48382 | FARO Technologies, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1329537 |
| 59305 | Generac Holdings, Inc.<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 7152183 |
| 539281 | nLight, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6687084 |
| 107845 | Sensata Technologies Holding PLC | &nbsp;&nbsp;&nbsp; 5483918 |
| 937263 | Vontier Corporation<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 21585168 |
|  |  | &nbsp;&nbsp; 42237890 |
|  | **ENGINEERING & CONSTRUCTION - 2.6%** |  |
| 1090782 | Frontdoor, Inc.<sup>(b),(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 29647455 |
| 951203 | Mistras Group, Inc.<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 5041376 |
|  |  | &nbsp;&nbsp; 34688831 |
|  | **ENTERTAINMENT CONTENT - 5.7%** |  |
| 2723651 | AppLovin Corporation<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 34590368 |
| 2783090 | Warner Bros Discovery, Inc.<sup>(b),(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 41245394 |
|  |  | &nbsp;&nbsp; 75835762 |
|  | **FOOD - 0.8%** |  |
| 628803 | Nomad Foods Ltd.<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 11186406 |
|  | **FORESTRY, PAPER & WOOD PRODUCTS - 0.4%** |  |
| 212077 | Glatfelter Corporation | &nbsp;&nbsp;&nbsp; 928897 |
|  | **GAS & WATER UTILITIES - 0.3%** |  |
| 241679 | Suburban Propane Partners, L.P. | &nbsp;&nbsp;&nbsp; 3813695 |
|  | **HEALTH CARE FACILITIES & SERVICES - 2.5%** |  |
| 339176 | Centene Corporation<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 25858779 |
| 41680 | Universal Health Services, Inc. | &nbsp;&nbsp;&nbsp; 6177393 |
|  |  | &nbsp;&nbsp; 32036172 |
|  | **HOME & OFFICE PRODUCTS - 1.0%** |  |
| 171522 | Hamilton Beach Brands Holding Company<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 2221210 |
| 415663 | Newell Brands, Inc.<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 6633981 |

---

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 109.4% (Continued)** |  |
|  | **HOME & OFFICE PRODUCTS - 1.0% (Continued)** |  |
| 59974 | Scotts Miracle-Gro Company (The)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; $4329523 |
|  |  | &nbsp;&nbsp; 13184714 |
|  | **HOME CONSTRUCTION - 0.5%** |  |
| 342452 | Caesarstone Ltd.<sup>(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 2136900 |
| 261952 | JELD-WEN Holding, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3313693 |
|  |  | &nbsp;&nbsp; 5450593 |
|  | **INDUSTRIAL INTERMEDIATE PROD - 0.5%** |  |
| 170360 | Insteel Industries, Inc. | &nbsp;&nbsp;&nbsp; 5109096 |
| 30371 | Strattec Security Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 756542 |
|  |  | &nbsp;&nbsp; 5865638 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 0.7%** |  |
| 112684 | Euronext N.V. | &nbsp;&nbsp;&nbsp; 9101447 |
|  | **INTERNET MEDIA & SERVICES - 9.2%** |  |
| 27901 | Alphabet, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2757735 |
| 2633 | Booking Holdings, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6408985 |
| 219677 | Expedia Group, Inc.<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 25109081 |
| 2070433 | Lyft, Inc.<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 33644537 |
| 148847 | Meta Platforms, Inc., Class A<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 22173738 |
| 752865 | Snap, Inc., Class A<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 8703119 |
| 262629 | Travelzoo<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1402439 |
| 614747 | Trustpilot Group PLC<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 776808 |
| 163068 | Uber Technologies, Inc.<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 5043693 |
| 773888 | Upwork, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 10029588 |
| 468249 | Vivid Seats, Inc.<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 3984799 |
|  |  | &nbsp;&nbsp; 120034522 |
|  | **LEISURE FACILITIES & SERVICES - 0.8%** |  |
| 236543 | Cedar Fair, L.P. | &nbsp;&nbsp;&nbsp; 9920613 |
| 109995 | Red Robin Gourmet Burgers, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 983355 |
|  |  | &nbsp;&nbsp; 10903968 |
|  | **LEISURE PRODUCTS - 0.2%** |  |
| 30735 | Johnson Outdoors, Inc. | &nbsp;&nbsp;&nbsp; 2104118 |

---

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 109.4% (Continued)** |  |
|  | **MACHINERY - 0.2%** |  |
| 76980 | Hurco Companies, Inc. | &nbsp;&nbsp;&nbsp; $2170836 |
|  | **MEDICAL EQUIPMENT & DEVICES - 2.8%** |  |
| 711398 | Bausch + Lomb Corporation<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 12264502 |
| 86641 | Baxter International, Inc. | &nbsp;&nbsp;&nbsp; 3958627 |
| 94920 | FONAR Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1711408 |
| 276422 | Inogen, Inc.<sup>(b),(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 6448925 |
| 126760 | Medtronic PLC | &nbsp;&nbsp;&nbsp; 10608544 |
| 35736 | QuidelOrtho Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3059359 |
|  |  | &nbsp;&nbsp; 38051365 |
|  | **METALS & MINING - 4.1%** |  |
| 12558798 | Argonaut Gold, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6701902 |
| 2955153 | B2Gold Corporation | &nbsp;&nbsp;&nbsp; 11705292 |
| 777207 | Eldorado Gold Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 7430099 |
| 462766 | Equinox Gold Corporation<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 2105585 |
| 553958 | Ferroglobe PLC<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 2631300 |
| 2542614 | Kinross Gold Corporation<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 11797729 |
| 1918289 | New Gold, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2263581 |
| 1785365 | OceanaGold Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3864659 |
| 93250 | Seabridge Gold, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1227170 |
| 355257 | Torex Gold Resources, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 4883689 |
|  |  | &nbsp;&nbsp; 54611006 |
|  | **OIL & GAS PRODUCERS - 3.7%** |  |
| 58768 | Chord Energy Corporation<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 8423217 |
| 92106 | Civitas Resources, Inc.<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 6129654 |
| 1749883 | Crescent Point Energy Corporation<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 13054127 |
| 87183 | Energy Transfer, L.P. | &nbsp;&nbsp;&nbsp; 1157790 |
| 256832 | PHX Minerals, Inc.<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 927164 |
| 232679 | SandRidge Energy, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3678655 |
| 160814 | TotalEnergies S.E. - ADR | &nbsp;&nbsp;&nbsp; 9976901 |

---

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 109.4% (Continued)** |  |
|  | **OIL & GAS PRODUCERS - 3.7% (Continued)** |  |
| 184499 | World Fuel Services Corporation<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; $5221322 |
|  |  | &nbsp;&nbsp; 48568830 |
|  | **REAL ESTATE INVESTMENT TRUSTS – 1.0%** |  |
| 805859 | CoreCivic, Inc.<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 8574340 |
| 101799 | Douglas Emmett, Inc.<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1705133 |
| 93968 | Kilroy Realty Corporation | &nbsp;&nbsp;&nbsp; 3856447 |
|  |  | &nbsp;&nbsp; 14135920 |
|  | **RETAIL - DISCRETIONARY - 1.1%** |  |
| 222876 | Children's Place, Inc. (The)<sup>(b),(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 10111884 |
| 91450 | Foot Locker, Inc.<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 3978990 |
|  |  | &nbsp;&nbsp; 14090874 |
|  | **SEMICONDUCTORS - 3.4%** |  |
| 221373 | Hensoldt A.G. | &nbsp;&nbsp;&nbsp; 6401263 |
| 462796 | Intel Corporation<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 13078615 |
| 232125 | IPG Photonics Corporation<sup>(b),(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 26021212 |
|  |  | &nbsp;&nbsp; 45501090 |
|  | **SOFTWARE - 16.7%** |  |
| 194223 | Cellebrite DI Ltd.<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 1066284 |
| 2380766 | Clarivate PLC<sup>(b),(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 26474118 |
| 849311 | Cognyte Software Ltd.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3218889 |
| 31726 | Cvent Holding Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 256029 |
| 1528989 | Dropbox, Inc., Class A<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 35518413 |
| 1052857 | Expensify, Inc.<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 10960241 |
| 956918 | HireRight Holdings Corporation<sup>(b),(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 10947142 |
| 831225 | Immersion Corporation<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 6084567 |
| 61600 | Okta, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 4534376 |
| 252284 | ON24, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2341196 |
| 69225 | Rapid7, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2760001 |
| 202072 | Salesforce, Inc.<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 33942034 |
| 275760 | Smartsheet, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 11915590 |
| 439117 | SS&C Technologies Holdings, Inc.<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 26500711 |
| 165829 | Unity Software, Inc.<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 5890246 |
| 373874 | Upland Software, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3263920 |
| 774058 | Viant Technology, Inc.<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 3514223 |

---

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 109.4% (Continued)** |  |
|  | **SOFTWARE - 16.7% (Continued)** |  |
| 1256080 | Vimeo, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $5702603 |
| 334424 | Zoom Video Communications, Inc., Class A<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 25081800 |
|  |  | &nbsp;&nbsp; 219972383 |
|  | **STEEL - 0.1%** |  |
| 168578 | Algoma Steel Group, Inc. | &nbsp;&nbsp;&nbsp; 1417741 |
|  | **TECHNOLOGY HARDWARE - 4.9%** |  |
| 1924707 | Casa Systems, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6582498 |
| 1066019 | Celestica, Inc.<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 14210033 |
| 72319 | F5, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 10678624 |
| 734890 | Flex Ltd.<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 17159682 |
| 13399 | Samsung Electronics Company Ltd. - ADR<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 16514267 |
|  |  | &nbsp;&nbsp; 65145104 |
|  | **TECHNOLOGY SERVICES - 9.0%** |  |
| 238967 | Cognizant Technology Solutions Corporation | &nbsp;&nbsp;&nbsp; 15951047 |
| 112540 | Fiserv, Inc.<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 12005767 |
| 64149 | FleetCor Technologies, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 13394953 |
| 86327 | Global Payments, Inc. | &nbsp;&nbsp;&nbsp; 9730779 |
| 749567 | LiveRamp Holdings, Inc.<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 20058414 |
| 443336 | Nuvei Corporation<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 15663061 |
| 241466 | PayPal Holdings, Inc.<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 19677064 |
| 72056 | WEX, Inc.<sup>(b),(e)</sup> | &nbsp;&nbsp;&nbsp; 13328198 |
|  |  | &nbsp;&nbsp; 119809283 |
|  | **TELECOMMUNICATIONS - 5.6%** |  |
| 9762641 | Airtel Africa PLC | &nbsp;&nbsp;&nbsp; 14105497 |
| 1729838 | AT&T, Inc.<sup>(c),(e)</sup> | &nbsp;&nbsp;&nbsp; 35236801 |
| 308136 | Telephone and Data Systems, Inc.<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 4119778 |
| 483049 | Verizon Communications, Inc.<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 20080347 |
|  |  | &nbsp;&nbsp; 73542423 |
|  | **TRANSPORTATION & LOGISTICS - 0.9%** |  |
| 31341 | FedEx Corporation | &nbsp;&nbsp;&nbsp; 6075766 |
| 160049 | Southwest Airlines Company | &nbsp;&nbsp;&nbsp; 5724953 |
|  |  | &nbsp;&nbsp; 11800719 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** | **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** |  |  |  |  | **Fair Value** |
|  | **COMMON STOCKS — 109.4% (Continued)** | **COMMON STOCKS — 109.4% (Continued)** |  |  |  |
|  | **TOTAL COMMON STOCKS (Cost $1,271,670,519)** | **TOTAL COMMON STOCKS (Cost $1,271,670,519)** |  |  | &nbsp;&nbsp; $1443274091 |
|  | **SHORT-TERM INVESTMENTS — 20.1%** | **SHORT-TERM INVESTMENTS — 20.1%** |  |  |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 11.8%** | **COLLATERAL FOR SECURITIES LOANED - 11.8%** |  |  |  |
| 155357203 | Mount Vernon Liquid Assets Portfolio, LLC, 4.47% (Cost $155,357,203)<sup>(f),(g)</sup> |  |  |  | &nbsp;&nbsp;&nbsp; 155357203 |
|  | **MONEY MARKET FUND - 8.3%** | **MONEY MARKET FUND - 8.3%** |  |  |  |
| 109720462 | First American Government Obligations Fund, Class X, 4.14% (Cost $109,720,462)<sup>(f)</sup> |  |  |  | &nbsp;&nbsp;&nbsp; 109720462 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $265,077,665)** | **TOTAL SHORT-TERM INVESTMENTS (Cost $265,077,665)** | **TOTAL SHORT-TERM INVESTMENTS (Cost $265,077,665)** |  | 265077665 |
| **Contracts<sup>(h)</sup>** |  |  |  |  |  |
|  | **EQUITY OPTIONS PURCHASED - 0.2%** | **Expiration Date** | **Exercise Price** | **Notional Value** |  |
|  | **CALL OPTIONS PURCHASED - 0.0%<sup>(a)</sup>** | **CALL OPTIONS PURCHASED - 0.0%<sup>(a)</sup>** |  |  |  |
| 2847 | AppLovin Corporation | 02/17/2023 | $15.00 | &nbsp;&nbsp;&nbsp; $3615690 | &nbsp;&nbsp;&nbsp; 119574 |
| 2847 | AppLovin Corporation | 05/19/2023 | 17.50 | &nbsp;&nbsp;&nbsp; 3615690 | &nbsp;&nbsp;&nbsp; 219219 |
| 2847 | AppLovin Corporation | 05/19/2023 | 20.00 | &nbsp;&nbsp;&nbsp; 3615690 | &nbsp;&nbsp;&nbsp; 128115 |
| 2742 | AT&T, Inc. | 01/19/2024 | 32.00 | &nbsp;&nbsp;&nbsp; 5585454 | &nbsp;&nbsp;&nbsp; 52098 |
|  | **TOTAL CALL OPTIONS PURCHASED** (Cost - $572,784) | **TOTAL CALL OPTIONS PURCHASED** (Cost - $572,784) | **TOTAL CALL OPTIONS PURCHASED** (Cost - $572,784) |  | &nbsp;&nbsp; 519006 |
|  | **PUT OPTIONS PURCHASED - 0.2%** | **PUT OPTIONS PURCHASED - 0.2%** |  |  |  |
| 5692 | Financial Select Sector SPDR Fund | 02/17/2023 | $32.00 | &nbsp;&nbsp;&nbsp; $20809952 | &nbsp;&nbsp;&nbsp; 5692 |
| 4746 | Financial Select Sector SPDR Fund | 03/17/2023 | 32.00 | &nbsp;&nbsp;&nbsp; 17351376 | &nbsp;&nbsp;&nbsp; 47460 |
| 1424 | Invesco QQQ Trust Series 1 | 03/03/2023 | 260.00 | &nbsp;&nbsp;&nbsp; 41953888 | &nbsp;&nbsp;&nbsp; 131008 |
| 2851 | Invesco QQQ Trust Series 1 | 03/17/2023 | 250.00 | &nbsp;&nbsp;&nbsp; 83996162 | &nbsp;&nbsp;&nbsp; 310759 |
| 1898 | Invesco QQQ Trust Series 1 | 03/31/2023 | 230.00 | &nbsp;&nbsp;&nbsp; 55918876 | &nbsp;&nbsp;&nbsp; 123370 |
| 950 | Invesco QQQ Trust Series 1 | 03/31/2023 | 250.00 | &nbsp;&nbsp;&nbsp; 27988900 | &nbsp;&nbsp;&nbsp; 150100 |
| 2851 | SPDR S&P 500 ETF Trust | 03/03/2023 | 370.00 | &nbsp;&nbsp;&nbsp; 115887448 | &nbsp;&nbsp;&nbsp; 296504 |
| 2851 | SPDR S&P 500 ETF Trust | 03/17/2023 | 365.00 | &nbsp;&nbsp;&nbsp; 115887448 | &nbsp;&nbsp;&nbsp; 461862 |
| 2851 | SPDR S&P 500 ETF Trust | 03/31/2023 | 360.00 | &nbsp;&nbsp;&nbsp; 115887448 | &nbsp;&nbsp;&nbsp; 573051 |
|  | **TOTAL PUT OPTIONS PURCHASED** (Cost - $3,429,573) | **TOTAL PUT OPTIONS PURCHASED** (Cost - $3,429,573) | **TOTAL PUT OPTIONS PURCHASED** (Cost - $3,429,573) |  | &nbsp;&nbsp; 2099806 |
|  | **TOTAL EQUITY OPTIONS PURCHASED** (Cost - $4,002,357) | **TOTAL EQUITY OPTIONS PURCHASED** (Cost - $4,002,357) |  |  | 2618812 |

---

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** |  | **Fair Value** |
|  | **TOTAL INVESTMENTS - 129.7% (Cost $1,540,750,541)** | &nbsp;&nbsp;&nbsp; $1710970568 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (29.7)%** | &nbsp;&nbsp; (389584546) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $1321386022 |

---

---

| | | |
|:---|:---|:---|
|  | **COMMON STOCKS SOLD SHORT— (90.5)%** |  |
|  | **ADVERTISING & MARKETING - (0.2)%** |  |
| (45775) | Trade Desk, Inc. (The), Class A | &nbsp;&nbsp;&nbsp; $(2320792) |
|  | **AEROSPACE & DEFENSE - (2.7)%** |  |
| (55926) | AeroVironment, Inc. | &nbsp;&nbsp;&nbsp; (4975736) |
| (73757) | Boeing Company | &nbsp;&nbsp;&nbsp; (15710241) |
| (20917) | TransDigm Group, Inc. | &nbsp;&nbsp;&nbsp; (15013177) |
|  |  | &nbsp;&nbsp; (35699154) |
|  | **APPAREL & TEXTILE PRODUCTS - (1.8)%** |  |
| (123654) | Crocs, Inc. | &nbsp;&nbsp;&nbsp; (15057348) |
| (405918) | On Holding A.G. | &nbsp;&nbsp;&nbsp; (9417298) |
|  |  | &nbsp;&nbsp; (24474646) |
|  | **ASSET MANAGEMENT - (2.4)%** |  |
| (788282) | Blue Owl Capital, Inc. | &nbsp;&nbsp;&nbsp; (9916588) |
| (254770) | Bridge Investment Group Holdings, Inc. | &nbsp;&nbsp;&nbsp; (3793525) |
| (73763) | Cohen & Steers, Inc. | &nbsp;&nbsp;&nbsp; (5419368) |
| (289600) | P10, Inc. | &nbsp;&nbsp;&nbsp; (3272480) |
| (323223) | TPG, Inc. | &nbsp;&nbsp;&nbsp; (10411012) |
|  |  | &nbsp;&nbsp; (32812973) |
|  | **AUTOMOTIVE - (0.1)%** |  |
| (147374) | QuantumScape Corporation | &nbsp;&nbsp;&nbsp; (1254153) |
|  | **BANKING - (3.8)%** |  |
| (435959) | CVB Financial Corporation | &nbsp;&nbsp;&nbsp; (10558927) |
| (181025) | Glacier Bancorp, Inc. | &nbsp;&nbsp;&nbsp; (8252930) |
| (62578) | PNC Financial Services Group, Inc. (The) | &nbsp;&nbsp;&nbsp; (10352279) |
| (110526) | Signature Bank | &nbsp;&nbsp;&nbsp; (14252328) |
| (130229) | US Bancorp | &nbsp;&nbsp;&nbsp; (6485404) |
|  |  | &nbsp;&nbsp; (49901868) |

---

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** | | **Fair Value** |
|  | **COMMON STOCKS SOLD SHORT — (90.5)% (Continued)** |  |
|  | **BEVERAGES - (0.8)%** |  |
| (78953) | Brown-Forman Corporation, Class B | &nbsp;&nbsp;&nbsp; $(5256691) |
| (109924) | National Beverage Corporation | &nbsp;&nbsp;&nbsp; (4858641) |
|  |  | &nbsp;&nbsp; (10115332) |
|  | **BIOTECH & PHARMA - (2.0)%** |  |
| (485465) | AbCellera Biologics, Inc. | &nbsp;&nbsp;&nbsp; (5111946) |
| (92474) | Amphastar Pharmaceuticals, Inc. | &nbsp;&nbsp;&nbsp; (2798263) |
| (60181) | Beam Therapeutics, Inc. | &nbsp;&nbsp;&nbsp; (2614864) |
| (201768) | Catalyst Pharmaceuticals, Inc. | &nbsp;&nbsp;&nbsp; (3125386) |
| (117786) | Cerevel Therapeutics Holdings, Inc. | &nbsp;&nbsp;&nbsp; (4022392) |
| (49208) | Moderna, Inc. | &nbsp;&nbsp;&nbsp; (8663560) |
|  |  | &nbsp;&nbsp; (26336411) |
|  | **COMMERCIAL SUPPORT SERVICES - (2.7)%** |  |
| (176781) | Casella Waste Systems, Inc., Class A | &nbsp;&nbsp;&nbsp; (14163694) |
| (49213) | CorVel Corporation | &nbsp;&nbsp;&nbsp; (8767788) |
| (320518) | Rollins, Inc. | &nbsp;&nbsp;&nbsp; (11666855) |
|  |  | &nbsp;&nbsp; (34598337) |
|  | **CONSTRUCTION MATERIALS - (0.2)%** |  |
| (26786) | Advanced Drainage Systems, Inc. | &nbsp;&nbsp;&nbsp; (2701100) |
|  | **CONSUMER SERVICES - (0.5)%** |  |
| (89244) | Service Corp International | &nbsp;&nbsp;&nbsp; (6617443) |
|  | **E-COMMERCE DISCRETIONARY - (0.4)%** |  |
| (115502) | Chewy, Inc. | &nbsp;&nbsp;&nbsp; (5204520) |
|  | **ELECTRICAL EQUIPMENT - (2.7)%** |  |
| (29053) | Acuity Brands, Inc. | &nbsp;&nbsp;&nbsp; (5477072) |
| (121143) | Badger Meter, Inc. | &nbsp;&nbsp;&nbsp; (14040473) |
| (211304) | Bloom Energy Corporation, Class A | &nbsp;&nbsp;&nbsp; (5267809) |
| (68472) | Novanta, Inc. | &nbsp;&nbsp;&nbsp; (11056174) |
|  |  | &nbsp;&nbsp; (35841528) |

---

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** | | **Fair Value** |
|  | **COMMON STOCKS SOLD SHORT — (90.5)% (Continued)** |  |
|  | **ENGINEERING & CONSTRUCTION - (4.5)%** |  |
| (136935) | Exponent, Inc. | &nbsp;&nbsp;&nbsp; $(14041315) |
| (148003) | Installed Building Products, Inc. | &nbsp;&nbsp;&nbsp; (16293650) |
| (197110) | Montrose Environmental Group, Inc. | &nbsp;&nbsp;&nbsp; (10675478) |
| (91878) | TopBuild Corporation | &nbsp;&nbsp;&nbsp; (18381113) |
|  |  | &nbsp;&nbsp; (59391556) |
|  | **FOOD - (1.8)%** |  |
| (90280) | Cal-Maine Foods, Inc. | &nbsp;&nbsp;&nbsp; (5165822) |
| (94220) | Lamb Weston Holdings, Inc. | &nbsp;&nbsp;&nbsp; (9411636) |
| (32033) | Lancaster Colony Corporation | &nbsp;&nbsp;&nbsp; (6147453) |
| (381392) | SunOpta, Inc. | &nbsp;&nbsp;&nbsp; (3115973) |
|  |  | &nbsp;&nbsp; (23840884) |
|  | **FORESTRY, PAPER & WOOD PRODUCTS - (0.4)%** |  |
| (78097) | Louisiana-Pacific Corporation | &nbsp;&nbsp;&nbsp; (5317625) |
|  | **HEALTH CARE FACILITIES & SERVICES - (2.5)%** |  |
| (24772) | Chemed Corporation | &nbsp;&nbsp;&nbsp; (12513328) |
| (76975) | HealthEquity, Inc. | &nbsp;&nbsp;&nbsp; (4683929) |
| (260911) | Option Care Health, Inc. | &nbsp;&nbsp;&nbsp; (7532501) |
| (111066) | Progyny, Inc. | &nbsp;&nbsp;&nbsp; (3819560) |
| (120460) | Surgery Partners, Inc. | &nbsp;&nbsp;&nbsp; (3999272) |
|  |  | &nbsp;&nbsp; (32548590) |
|  | **HOME & OFFICE PRODUCTS - (0.6)%** |  |
| (579657) | Arhaus, Inc. | &nbsp;&nbsp;&nbsp; (8202146) |
|  | **HOME CONSTRUCTION - (0.5)%** |  |
| (46986) | LGI Homes, Inc. | &nbsp;&nbsp;&nbsp; (5349356) |
|  | **INDUSTRIAL INTERMEDIATE PROD - (0.6)%** |  |
| (112766) | Mueller Industries, Inc. | &nbsp;&nbsp;&nbsp; (7391811) |
|  | **INDUSTRIAL SUPPORT SERVICES - (0.9)%** |  |
| (51938) | SiteOne Landscape Supply, Inc. | &nbsp;&nbsp;&nbsp; (7869126) |
| (92738) | Titan Machinery, Inc. | &nbsp;&nbsp;&nbsp; (4074908) |
|  |  | &nbsp;&nbsp; (11944034) |

---

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** | | **Fair Value** |
|  | **COMMON STOCKS SOLD SHORT — (90.5)% (Continued)** |  |
|  | **INSURANCE - (2.3)%** |  |
| (18772) | Erie Indemnity Company, Class A | &nbsp;&nbsp;&nbsp; $(4586938) |
| (27646) | Kinsale Capital Group, Inc. | &nbsp;&nbsp;&nbsp; (7697752) |
| (138151) | RLI Corporation | &nbsp;&nbsp;&nbsp; (18298100) |
|  |  | &nbsp;&nbsp; (30582790) |
|  | **INTERNET MEDIA & SERVICES - (1.5)%** |  |
| (110383) | DoorDash, Inc., Class A | &nbsp;&nbsp;&nbsp; (6393383) |
| (58643) | VeriSign, Inc. | &nbsp;&nbsp;&nbsp; (12787106) |
|  |  | &nbsp;&nbsp; (19180489) |
|  | **LEISURE FACILITIES & SERVICES - (5.5)%** |  |
| (56256) | Churchill Downs, Inc. | &nbsp;&nbsp;&nbsp; (13957114) |
| (302909) | Dutch Bros, Inc. | &nbsp;&nbsp;&nbsp; (11543862) |
| (135032) | MGM Resorts International | &nbsp;&nbsp;&nbsp; (5591675) |
| (184808) | Planet Fitness, Inc., Class A | &nbsp;&nbsp;&nbsp; (15643996) |
| (288887) | Portillo's, Inc. | &nbsp;&nbsp;&nbsp; (6517291) |
| (102658) | Royal Caribbean Cruises Ltd. | &nbsp;&nbsp;&nbsp; (6666611) |
| (113729) | Shake Shack, Inc., Class A | &nbsp;&nbsp;&nbsp; (6468905) |
| (27457) | Wingstop, Inc. | &nbsp;&nbsp;&nbsp; (4351111) |
|  |  | &nbsp;&nbsp; (70740565) |
|  | **LEISURE PRODUCTS - (2.1)%** |  |
| (26786) | Axon Enterprise, Inc. | &nbsp;&nbsp;&nbsp; (5235056) |
| (447491) | Dometic Group A.B. | &nbsp;&nbsp;&nbsp; (2802477) |
| (63409) | LCI Industries | &nbsp;&nbsp;&nbsp; (7115757) |
| (112040) | Malibu Boats, Inc., Class A | &nbsp;&nbsp;&nbsp; (6788504) |
| (222112) | Topgolf Callaway Brands Corporation | &nbsp;&nbsp;&nbsp; (5439523) |
|  |  | &nbsp;&nbsp; (27381317) |
|  | **MACHINERY - (3.9)%** |  |
| (13779) | Caterpillar, Inc. | &nbsp;&nbsp;&nbsp; (3476304) |
| (45841) | Deere & Company | &nbsp;&nbsp;&nbsp; (19383407) |
| (259853) | Energy Recovery, Inc. | &nbsp;&nbsp;&nbsp; (5750547) |
| (43113) | Kadant, Inc. | &nbsp;&nbsp;&nbsp; (8785136) |
| (34930) | Lindsay Corporation | &nbsp;&nbsp;&nbsp; (5470737) |
| (494569) | Titan International, Inc. | &nbsp;&nbsp;&nbsp; (8254357) |
|  |  | &nbsp;&nbsp; (51120488) |

---

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** | | **Fair Value** |
|  | **COMMON STOCKS SOLD SHORT — (90.5)% (Continued)** |  |
|  | **MEDICAL EQUIPMENT & DEVICES - (4.4)%** |  |
| (78363) | 10X Genomics, Inc., Class A | &nbsp;&nbsp;&nbsp; $(3669739) |
| (186877) | Axonics, Inc. | &nbsp;&nbsp;&nbsp; (11474248) |
| (94144) | Establishment Labs Holdings, Inc. | &nbsp;&nbsp;&nbsp; (6405558) |
| (80615) | Exact Sciences Corporation | &nbsp;&nbsp;&nbsp; (5443125) |
| (47728) | Insulet Corporation | &nbsp;&nbsp;&nbsp; (13713208) |
| (43703) | Novocure Ltd. | &nbsp;&nbsp;&nbsp; (3984840) |
| (19681) | ResMed, Inc. | &nbsp;&nbsp;&nbsp; (4494550) |
| (11192) | Shockwave Medical, Inc. | &nbsp;&nbsp;&nbsp; (2103313) |
| (142292) | Silk Road Medical, Inc. | &nbsp;&nbsp;&nbsp; (7734993) |
|  |  | &nbsp;&nbsp; (59023574) |
|  | **OIL & GAS PRODUCERS - (1.4)%** |  |
| (47475) | Hess Corporation | &nbsp;&nbsp;&nbsp; (7128846) |
| (42328) | Murphy USA, Inc. | &nbsp;&nbsp;&nbsp; (11514486) |
|  |  | &nbsp;&nbsp; (18643332) |
|  | **OIL & GAS SERVICES & EQUIPMENT - (0.5)%** |  |
| (112466) | Schlumberger Ltd | &nbsp;&nbsp;&nbsp; (6408313) |
|  | **REAL ESTATE INVESTMENT TRUSTS - (1.1)%** |  |
| (8784) | Equinix, Inc. | &nbsp;&nbsp;&nbsp; (6483734) |
| (156308) | Iron Mountain, Inc. | &nbsp;&nbsp;&nbsp; (8531291) |
|  |  | &nbsp;&nbsp;&nbsp; (15015025) |
|  | **REAL ESTATE SERVICES - (0.4)%** |  |
| (49014) | Colliers International Group, Inc. | &nbsp;&nbsp;&nbsp; (5257242) |
|  | **RENEWABLE ENERGY - (3.6)%** |  |
| (35903) | Ameresco, Inc., Class A | &nbsp;&nbsp;&nbsp; (2314666) |
| (46118) | First Solar, Inc. | &nbsp;&nbsp;&nbsp; (8190557) |
| (163960) | FREYR Battery S.A. | &nbsp;&nbsp;&nbsp; (1444488) |
| (177800) | Green Plains, Inc. | &nbsp;&nbsp;&nbsp; (6182106) |
| (2343939) | NEL ASA | &nbsp;&nbsp;&nbsp; (3983096) |
| (510801) | Plug Power, Inc. | &nbsp;&nbsp;&nbsp; (8693833) |
| (387675) | Shoals Technologies Group, Inc. | &nbsp;&nbsp;&nbsp; (10812255) |
| (388233) | SunPower Corporation | &nbsp;&nbsp;&nbsp; (6766901) |
|  |  | &nbsp;&nbsp; (48387902) |

---

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** | | **Fair Value** |
|  | **COMMON STOCKS SOLD SHORT — (90.5)% (Continued)** |  |
|  | **RETAIL - CONSUMER STAPLES - (1.0)%** |  |
| (3158) | Costco Wholesale Corporation | &nbsp;&nbsp;&nbsp; $(1614180) |
| (78745) | Dollar Tree, Inc. | &nbsp;&nbsp;&nbsp; (11825924) |
|  |  | &nbsp;&nbsp;&nbsp; (13440104) |
|  | **RETAIL - DISCRETIONARY - (5.3)%** |  |
| (140371) | Aritzia, Inc. | &nbsp;&nbsp;&nbsp; (5063138) |
| (1261) | AutoZone, Inc. | &nbsp;&nbsp;&nbsp; (3075390) |
| (39714) | Avis Budget Group, Inc. | &nbsp;&nbsp;&nbsp; (7944389) |
| (232530) | Driven Brands Holdings, Inc. | &nbsp;&nbsp;&nbsp; (6787551) |
| (9685) | Fast Retailing Company Ltd. | &nbsp;&nbsp;&nbsp; (5836095) |
| (129598) | Freshpet, Inc. | &nbsp;&nbsp;&nbsp; (8207441) |
| (356604) | GameStop Corporation, Class A | &nbsp;&nbsp;&nbsp; (7798929) |
| (52771) | Genuine Parts Company | &nbsp;&nbsp;&nbsp; (8856029) |
| (62706) | Tractor Supply Company | &nbsp;&nbsp;&nbsp; (14296341) |
| (4087) | Ulta Beauty, Inc. | &nbsp;&nbsp;&nbsp; (2100555) |
|  |  | &nbsp;&nbsp; (69965858) |
|  | **SEMICONDUCTORS - (6.7)%** |  |
| (208275) | Aehr Test Systems | &nbsp;&nbsp;&nbsp; (7281294) |
| (159783) | AIXTRON S.E. | &nbsp;&nbsp;&nbsp; (4731481) |
| (43342) | Ambarella, Inc. | &nbsp;&nbsp;&nbsp; (3893845) |
| (125665) | Axcelis Technologies, Inc. | &nbsp;&nbsp;&nbsp; (13816867) |
| (175866) | Impinj, Inc. | &nbsp;&nbsp;&nbsp; (22823889) |
| (117086) | NVIDIA Corporation | &nbsp;&nbsp;&nbsp; (22875092) |
| (45606) | Power Integrations, Inc. | &nbsp;&nbsp;&nbsp; (3926221) |
| (240171) | Rambus, Inc. | &nbsp;&nbsp;&nbsp; (9719720) |
|  |  | &nbsp;&nbsp; (89068409) |
|  | **SOFTWARE - (9.8)%** |  |
| (98397) | Appfolio, Inc., Class A<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; (11052935) |
| (166254) | Avid Technology, Inc. | &nbsp;&nbsp;&nbsp; (5039159) |
| (117019) | Clear Secure, Inc. | &nbsp;&nbsp;&nbsp; (3673226) |
| (138208) | Digi International, Inc. | &nbsp;&nbsp;&nbsp; (4697690) |
| (59045) | Donnelley Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp; (2693042) |
| (232919) | Doximity, Inc. | &nbsp;&nbsp;&nbsp; (8215053) |
| (89328) | Duolingo, Inc. | &nbsp;&nbsp;&nbsp; (8529931) |
| (71348) | Guidewire Software, Inc. | &nbsp;&nbsp;&nbsp; (5225528) |

---

---

| | | |
|:---|:---|:---|
| **INVENOMIC FUND** | **INVENOMIC FUND** | **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** | | &nbsp;&nbsp;&nbsp;**Fair Value** |
|  | **COMMON STOCKS SOLD SHORT — (90.5)% (Continued)** |  |
|  | **SOFTWARE - (9.8)% (Continued)** |  |
| (135506) | Instructure Holdings, Inc. | &nbsp;&nbsp;&nbsp; $(3662727) |
| (72259) | Manhattan Associates, Inc. | &nbsp;&nbsp;&nbsp; (9419683) |
| (51376) | Paycom Software, Inc. | &nbsp;&nbsp;&nbsp; (16642741) |
| (670512) | Paycor HCM, Inc. | &nbsp;&nbsp;&nbsp; (16836556) |
| (212406) | PowerSchool Holdings, Inc. | &nbsp;&nbsp;&nbsp; (4783383) |
| (56087) | Procore Technologies, Inc. | &nbsp;&nbsp;&nbsp; (3138068) |
| (134597) | Snowflake, Inc. | &nbsp;&nbsp;&nbsp; (21056355) |
| (71503) | Sprout Social, Inc., Class A | &nbsp;&nbsp;&nbsp; (4574047) |
|  |  | &nbsp;&nbsp; (129240124) |
|  | **SPECIALTY FINANCE - (0.8)%** |  |
| (22836) | Credit Acceptance Corporation | &nbsp;&nbsp;&nbsp; (10564847) |
|  | **STEEL - (1.8)%** |  |
| (226242) | Commercial Metals Company | &nbsp;&nbsp;&nbsp; (12278153) |
| (66952) | Nucor Corporation | &nbsp;&nbsp;&nbsp; (11316227) |
|  |  | &nbsp;&nbsp; (23594380) |
|  | **TECHNOLOGY HARDWARE - (3.4)%** |  |
| (237058) | A10 Networks, Inc. | &nbsp;&nbsp;&nbsp; (3669658) |
| (178050) | Apple, Inc. | &nbsp;&nbsp;&nbsp; (25690834) |
| (449841) | Extreme Networks, Inc. | &nbsp;&nbsp;&nbsp; (8110633) |
| (78604) | PAR Technology Corporation | &nbsp;&nbsp;&nbsp; (2671750) |
| (65888) | Super Micro Computer, Inc. | &nbsp;&nbsp;&nbsp; (4765679) |
|  |  | &nbsp;&nbsp; (44908554) |
|  | **TECHNOLOGY SERVICES - (2.1)%** |  |
| (28025) | Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp; (6328325) |
| (44707) | Block, Inc., Class A | &nbsp;&nbsp;&nbsp; (3653456) |
| (76906) | Jack Henry & Associates, Inc. | &nbsp;&nbsp;&nbsp; (13850002) |
| (175394) | Toast, Inc., Class A | &nbsp;&nbsp;&nbsp; (3913040) |
|  |  | &nbsp;&nbsp; (27744823) |
|  | **TRANSPORTATION & LOGISTICS - (0.8)%** |  |
| (636933) | American Airlines Group, Inc. | &nbsp;&nbsp;&nbsp; (10280099) |
|  | **TOTAL SECURITIES SOLD SHORT - (Proceeds - $1,154,070,207)** | &nbsp;&nbsp; $(1192412494) |

---

---

| |
|:---|
| **INVENOMIC FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** |

---

---

| | |
|:---|:---|
| ADR | - American Depositary Receipt |
| ETF | - Exchange-Traded Fund |
| LLC | - Limited Liability Company |
| L.P. | - Limited Partnership |
| Ltd. | - Limited Company |
| N.V. | - Naamioze Vennootschap |
| PLC | - Public Limited Company |
| S.A. | - Société Anonyme |
| SPDR | - Standard & Poor's Depositary Receipt |

---

<sup>(a)</sup> Percentage rounds to less than 0.1%.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of January 31, 2023 was $154,786,559.

<sup>(d)</sup> The value of this security has been determined in good faith under policies of the Board of Trustees.

<sup>(e)</sup> All or a portion of this security is segregated as collateral for short sales.

<sup>(f)</sup> Rate disclosed is the seven-day effective yield as of January 31, 2023.

<sup>(g)</sup> Security was purchased with cash received as collateral for securities on loan at January 31, 2023. Total collateral had a value of $155,357,203 at January 31, 2023.

<sup>(h)</sup> Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NORTHERN LIGHTS FUND TRUST II

- **b. Investment Company Act file number:** 811-22549

- **c. CIK number of Registrant:** 0001518042

- **d. LEI of Registrant:** 549300TH7YXW5G2QY588

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

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

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

- **a. Name of Series:** Invenomic Fund

- **b. EDGAR series identifier (if any):** S000057713

- **c. LEI of Series:** 549300WBCPRL59QG8F92

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2526001943.18

**Total Liabilities:** $1204615921.27

**Net Assets:** $1321386021.91

**Cash Not Reported:** $943876079.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186113 | 6.26%                | 2.66%                | 10.04%               |
| Class ID C000186112 | 6.26%                | 2.69%                | 10.11%               |
| Class ID C000211283 | 6.29%                | 2.68%                | 10.14%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $41156470.88             | $22000431.51                               |
| Month 2  | $6703560.69              | $16580456.43                               |
| Month 3  | $33951337.71             | $83972554.37                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| QuantumScape Corporation                                           | QUANTUMSCAPE COR                     | CUSIP: 74767V109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -147374 | NS      | $-1254152.74  | -0.09%            |  |  |  | No            | 1                  | On Loan: No      |
| Casa Systems Inc.                                                  | CASA SYSTEMS INC                     | CUSIP: 14713L102<br>LEI: 549300PNQ0GUDHNZLG66 | Long             | EC               | CORP              | US        |   1924707 | NS      | $6582497.94   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Stride Inc                                                         | STRIDE INC                           | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |    481913 | NS      | $20688525.09  | 1.57%             |  |  |  | No            | 1                  | On Loan: —       |
| Paycor HCM Inc.                                                    | PAYCOR HCM INC                       | CUSIP: 70435P102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -670512 | NS      | $-16836556.32 | -1.27%            |  |  |  | No            | 1                  | On Loan: No      |
| Ameresco Inc                                                       | AMERESCO INC-CL A                    | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Short            | EC               | CORP              | US        |    -35903 | NS      | $-2314666.41  | -0.18%            |  |  |  | No            | 1                  | On Loan: No      |
| Extreme Networks Inc.                                              | EXTREME NETWORKS                     | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Short            | EC               | CORP              | US        |   -449841 | NS      | $-8110633.23  | -0.61%            |  |  |  | No            | 1                  | On Loan: No      |
| ABM Inds Inc                                                       | ABM INDUSTRIES                       | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |    103679 | NS      | $4863581.89   | 0.37%             |  |  |  | No            | 1                  | On Loan: —       |
| Algoma Steel Group Inc                                             | ALGOMA STEEL GRO                     | CUSIP: 015658107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    168578 | NS      | $1417740.98   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Insteel Industries Inc.                                            | INSTEEL INDS                         | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |    170360 | NS      | $5109096.40   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Strattec Security                                                  | STRATTEC SECURITY CORP               | CUSIP: 863111100<br>LEI: 549300Z394OP8S8TSR40 | Long             | EC               | CORP              | US        |     30371 | NS      | $756541.61    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Red Robin Gourmet Burgers Inc.                                     | RED ROBIN GOURME                     | CUSIP: 75689M101<br>LEI: 529900V6NUMBYX34LV46 | Long             | EC               | CORP              | US        |    109995 | NS      | $983355.30    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Rambus Inc.                                                        | RAMBUS INC                           | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Short            | EC               | CORP              | US        |   -240171 | NS      | $-9719720.37  | -0.74%            |  |  |  | No            | 1                  | On Loan: No      |
| Paypal Holdings Incorporation                                      | PAYPAL HOLDINGS                      | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    241466 | NS      | $19677064.34  | 1.49%             |  |  |  | No            | 1                  | On Loan: —       |
| Autozone, Inc.                                                     | AUTOZONE INC                         | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Short            | EC               | CORP              | US        |     -1261 | NS      | $-3075389.85  | -0.23%            |  |  |  | No            | 1                  | On Loan: No      |
| Kadant Inc                                                         | KADANT INC                           | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Short            | EC               | CORP              | US        |    -43113 | NS      | $-8785136.01  | -0.66%            |  |  |  | No            | 1                  | On Loan: No      |
| Medtronic PLC                                                      | MEDTRONIC PLC                        | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    126760 | NS      | $10608544.40  | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Superior Group of Companies Inc.                                   | SUPERIOR GROUP O                     | CUSIP: 868358102<br>LEI: UOX145EEO0TB0ZWX2152 | Long             | EC               | CORP              | US        |    113603 | NS      | $1355283.79   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| The Trade Desk Inc                                                 | TRADE DESK INC-A                     | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Short            | EC               | CORP              | US        |    -45775 | NS      | $-2320792.50  | -0.18%            |  |  |  | No            | 1                  | On Loan: No      |
| Vontier Corporation                                                | VONTIER CORP                         | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |    937263 | NS      | $21585166.89  | 1.63%             |  |  |  | No            | 1                  | On Loan: No      |
| LGI Homes Inc                                                      | LGI HOMES INC                        | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Short            | EC               | CORP              | US        |    -46986 | NS      | $-5349356.10  | -0.40%            |  |  |  | No            | 1                  | On Loan: No      |
| Procore Technologies Inc                                           | PROCORE TECHNOLO                     | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Short            | EC               | CORP              | US        |    -56087 | NS      | $-3138067.65  | -0.24%            |  |  |  | No            | 1                  | On Loan: No      |
| BorgWarner Inc.                                                    | BORGWARNER INC                       | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     76092 | NS      | $3597629.76   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Automatic Data Processing, Inc.                                    | AUTOMATIC DATA                       | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Short            | EC               | CORP              | US        |    -28025 | NS      | $-6328325.25  | -0.48%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | T1 US 01/19/24 C32                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      2742 | NC      | $52098.00     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Airtel Africa PLC                                                  | AIRTEL AFRICA                        | CUSIP: G01415101<br>LEI: 254900ZNZDQL6OWQH623 | Long             | EC               | CORP              | GB        |   9762641 | NS      | $14105497.37  | 1.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Freyr Battery                                                      | FREYR BATTERY SA                     | CUSIP: L4135L100<br>LEI: 222100QIBHPZGVW6UT76 | Short            | EC               | CORP              | LU        |   -163960 | NS      | $-1444487.60  | -0.11%            |  |  |  | No            | 1                  | On Loan: No      |
| Trustpilot Group PLC                                               | TRUSTPILOT AS-WI                     | CUSIP: G91044100<br>LEI: 2138002ILUNMGNPSGG46 | Long             | EC               | CORP              | GB        |    614747 | NS      | $776808.13    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | QQQ US 03/17/23 P250                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      2851 | NC      | $310759.00    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Expensify Inc                                                      | EXPENSIFY INC-A                      | CUSIP: 30219Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1052857 | NS      | $10960241.37  | 0.83%             |  |  |  | No            | 1                  | On Loan: —       |
| TotalEnergies SE                                                   | TOTALENER-SP ADR                     | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    160814 | NS      | $9976900.56   | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Frontdoor Inc                                                      | FRONTDOOR INC                        | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |   1090782 | NS      | $29647454.76  | 2.24%             |  |  |  | No            | 1                  | On Loan: —       |
| Moonpig Group PLC                                                  | MOONPIG GROUP PL                     | CUSIP: G6225S107<br>LEI: 213800VAYO5KCAXZHK83 | Long             | EC               | CORP              | GB        |   1247939 | NS      | $1853846.96   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| LCI Industries                                                     | LCI INDUSTRIES                       | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Short            | EC               | CORP              | US        |    -63409 | NS      | $-7115757.98  | -0.54%            |  |  |  | No            | 1                  | On Loan: No      |
| World Fuel Services Corp                                           | WORLD FUEL SVCS                      | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |    184499 | NS      | $5221321.70   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Civitas Resources Inc                                              | CIVITAS RESOURCE                     | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     92106 | NS      | $6129654.30   | 0.46%             |  |  |  | No            | 1                  | On Loan: —       |
| Verizon Communications Inc.                                        | VERIZON COMMUNIC                     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    483049 | NS      | $20080346.93  | 1.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Brown-Forman Corp.                                                 | BROWN-FORMAN -B                      | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Short            | EC               | CORP              | US        |    -78953 | NS      | $-5256690.74  | -0.40%            |  |  |  | No            | 1                  | On Loan: No      |
| Cal-Maine Foods Inc.                                               | CAL-MAINE FOODS                      | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Short            | EC               | CORP              | US        |    -90280 | NS      | $-5165821.60  | -0.39%            |  |  |  | No            | 1                  | On Loan: No      |
| Avis Budget Group, Inc.                                            | AVIS BUDGET GROU                     | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Short            | EC               | CORP              | US        |    -39714 | NS      | $-7944388.56  | -0.60%            |  |  |  | No            | 1                  | On Loan: No      |
| Lindsay Corp                                                       | LINDSAY CORP                         | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Short            | EC               | CORP              | US        |    -34930 | NS      | $-5470736.60  | -0.41%            |  |  |  | No            | 1                  | On Loan: No      |
| Topgolf Callaway Brands Corp                                       | TOPGOLF CALLAWAY                     | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Short            | EC               | CORP              | US        |   -222112 | NS      | $-5439522.88  | -0.41%            |  |  |  | No            | 1                  | On Loan: No      |
| Avid Technology Inc.                                               | AVID TECHNOLOGY INC                  | CUSIP: 05367P100<br>LEI: 549300PQGW3DXKJTQ914 | Short            | EC               | CORP              | US        |   -166254 | NS      | $-5039158.74  | -0.38%            |  |  |  | No            | 1                  | On Loan: No      |
| FedEx Corporation                                                  | FEDEX CORP                           | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     31341 | NS      | $6075766.26   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| The Scotts Miracle-Gro Company                                     | SCOTTS MIRACLE                       | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     59974 | NS      | $4329523.06   | 0.33%             |  |  |  | No            | 1                  | On Loan: —       |
| Acuity Brands, Inc.                                                | ACUITY BRANDS                        | CUSIP: 00508Y102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -29053 | NS      | $-5477071.56  | -0.41%            |  |  |  | No            | 1                  | On Loan: No      |
| Cohen & Steers Inc                                                 | COHEN & STEERS                       | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Short            | EC               | CORP              | US        |    -73763 | NS      | $-5419367.61  | -0.41%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | QQQ US 03/31/23 P230                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      1898 | NC      | $123370.00    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Snap Inc                                                           | SNAP INC - A                         | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |    752865 | NS      | $8703119.40   | 0.66%             |  |  |  | No            | 1                  | On Loan: —       |
| Inogen Inc                                                         | INOGEN INC                           | CUSIP: 45780L104<br>LEI: 549300J8WJIVTOJ8IH97 | Long             | EC               | CORP              | US        |    276422 | NS      | $6448925.26   | 0.49%             |  |  |  | No            | 1                  | On Loan: —       |
| Louisiana Pacific Corporation                                      | LOUISIANA-PACIFI                     | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Short            | EC               | CORP              | US        |    -78097 | NS      | $-5317624.73  | -0.40%            |  |  |  | No            | 1                  | On Loan: No      |
| Erie Indemnity Co                                                  | ERIE INDEMNITY COMPANY-CL            | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Short            | EC               | CORP              | US        |    -18772 | NS      | $-4586938.20  | -0.35%            |  |  |  | No            | 1                  | On Loan: No      |
| Celestica Inc.                                                     | CELESTICA INC                        | CUSIP: 15101Q108<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |   1066019 | NS      | $14210033.27  | 1.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Cvent Holding Corp                                                 | CVENT HOLDING CO                     | CUSIP: 126677103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31726 | NS      | $256028.82    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Rover Group Inc                                                    | ROVER GROUP INC                      | CUSIP: 77936F103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2450347 | NS      | $10021919.23  | 0.76%             |  |  |  | No            | 1                  | On Loan: —       |
| Dropbox Inc                                                        | DROPBOX INC-A                        | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |   1528989 | NS      | $35518414.47  | 2.69%             |  |  |  | No            | 1                  | On Loan: No      |
| IPG Photonics Corp                                                 | IPG PHOTONICS                        | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |    232125 | NS      | $26021212.50  | 1.97%             |  |  |  | No            | 1                  | On Loan: —       |
| Sunopta Inc                                                        | SUNOPTA INC                          | CUSIP: 8676EP108<br>LEI: 54930010CP0KEPPRPA40 | Short            | EC               | CORP              | CA        |   -381392 | NS      | $-3115972.64  | -0.24%            |  |  |  | No            | 1                  | On Loan: No      |
| Aehr Test Systems                                                  | AEHR TEST SYSTEMS                    | CUSIP: 00760J108<br>LEI: 529900A4GWWZFRU2RE97 | Short            | EC               | CORP              | US        |   -208275 | NS      | $-7281294.00  | -0.55%            |  |  |  | No            | 1                  | On Loan: No      |
| Booking Holdings Inc                                               | BOOKING HOLDINGS                     | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      2633 | NS      | $6408985.30   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Axon Enterprise Inc                                                | AXON ENTERPRISE                      | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Short            | EC               | CORP              | US        |    -26786 | NS      | $-5235055.84  | -0.40%            |  |  |  | No            | 1                  | On Loan: No      |
| Continental AG                                                     | CONTINENTAL AG                       | CUSIP: D16212140<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |     19299 | NS      | $1349398.50   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Glatfelter Corporation                                             | GLATFELTER CORP                      | CUSIP: 377320106<br>LEI: 549300LDQLQBT38QDY28 | Long             | EC               | CORP              | US        |    212077 | NS      | $928897.26    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Centene Corporation                                                | CENTENE CORP                         | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |    339176 | NS      | $25858778.24  | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Bloom Energy Corporation                                           | BLOOM ENERGY CORP- A                 | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Short            | EC               | CORP              | US        |   -211304 | NS      | $-5267808.72  | -0.40%            |  |  |  | No            | 1                  | On Loan: No      |
| Guidewire Software Inc                                             | GUIDEWIRE SOFTWA                     | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Short            | EC               | CORP              | US        |    -71348 | NS      | $-5225527.52  | -0.40%            |  |  |  | No            | 1                  | On Loan: No      |
| New Gold, Inc.                                                     | NEW GOLD INC                         | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |   1918289 | NS      | $2263581.02   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Cogeco Inc                                                         | Cogeco Inc                           | CUSIP: 19238T100<br>LEI: 5493000KSZQCX0QM2V25 | Long             | EC               | CORP              | CA        |     44516 | NS      | $1984429.65   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Vivid Seats Inc                                                    | VIVID SEATS IN-A                     | CUSIP: 92854T100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    468249 | NS      | $3984798.99   | 0.30%             |  |  |  | No            | 1                  | On Loan: —       |
| Grifols S.A.                                                       | GRIFOLS SA-ADR                       | CUSIP: 398438408<br>LEI: 959800HSSNXWRKBK4N60 | Long             | EC               | CORP              | ES        |    142409 | NS      | $1297345.99   | 0.10%             |  |  |  | No            | 1                  | On Loan: —       |
| Meta Platforms Inc                                                 | META PLATFORMS-A                     | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    148847 | NS      | $22173737.59  | 1.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Installed Building Products Inc                                    | INSTALLED BUILDI                     | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Short            | EC               | CORP              | US        |   -148003 | NS      | $-16293650.27 | -1.23%            |  |  |  | No            | 1                  | On Loan: No      |
| Euronext N.V.                                                      | EURONEXT NV                          | CUSIP: N3113K397<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |    112684 | NS      | $9101447.11   | 0.69%             |  |  |  | Yes           | 1                  | On Loan: No      |
| FARO Technologies Inc.                                             | FARO TECH                            | CUSIP: 311642102<br>LEI: 529900MFEFNOFP3YR823 | Long             | EC               | CORP              | US        |     48382 | NS      | $1329537.36   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Glacier Bancorp Inc.                                               | GLACIER BANCORP                      | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Short            | EC               | CORP              | US        |   -181025 | NS      | $-8252929.75  | -0.62%            |  |  |  | No            | 1                  | On Loan: No      |
| Compagnie de Saint-Gobain SA                                       | SAINT GOBAIN                         | CUSIP: F80343100<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |    266255 | NS      | $15210023.10  | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinox Gold Corp                                                  | EQUINOX GOLD COR                     | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |    462766 | NS      | $2105585.30   | 0.16%             |  |  |  | No            | 1                  | On Loan: —       |
| Clarivate PLC                                                      | CLARIVATE PLC                        | CUSIP: G21810109<br>LEI: 549300WDHIIODXFO0R55 | Long             | EC               | CORP              | JE        |   2380766 | NS      | $26474117.92  | 2.00%             |  |  |  | No            | 1                  | On Loan: —       |
| Plug Power Inc                                                     | PLUG POWER INC                       | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Short            | EC               | CORP              | US        |   -510801 | NS      | $-8693833.02  | -0.66%            |  |  |  | No            | 1                  | On Loan: No      |
| Vimeo Inc                                                          | VIMEO INC                            | CUSIP: 92719V100<br>LEI: 25490061AWYWC90UIJ68 | Long             | EC               | CORP              | US        |   1256080 | NS      | $5702603.20   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Applovin Corporation                                               | APPLOVIN CO-CL A                     | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |   2723651 | NS      | $34590367.70  | 2.62%             |  |  |  | No            | 1                  | On Loan: —       |
| Cedar Fair, L.P.                                                   | CEDAR FAIR LP                        | CUSIP: 150185106<br>LEI: 549300TUVLNQQ6BVKH61 | Long             | EC               | CORP              | US        |    236543 | NS      | $9920613.42   | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Ambarella Inc                                                      | AMBARELLA INC                        | CUSIP: G037AX101<br>LEI: 254900XN7F4DG0CEKC02 | Short            | EC               | CORP              | KY        |    -43342 | NS      | $-3893845.28  | -0.29%            |  |  |  | No            | 1                  | On Loan: No      |
| F5 Inc                                                             | F5 INC                               | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |     72319 | NS      | $10678623.54  | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Wingstop Inc                                                       | WINGSTOP INC                         | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Short            | EC               | CORP              | US        |    -27457 | NS      | $-4351110.79  | -0.33%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | XLF US 03/17/23 P32                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      4746 | NC      | $47460.00     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Nel ASA                                                            | NEL ASA                              | CUSIP: R4S21L127<br>LEI: 549300G6XN5IXMRKEG37 | Short            | EC               | CORP              | NO        |  -2343939 | NS      | $-3983095.55  | -0.30%            |  |  |  | No            | 1                  | On Loan: No      |
| Gerresheimer AG                                                    | Gerresheimer AG                      | CUSIP: D2852S109<br>LEI: 5299006GD4UWSYZOKC28 | Long             | EC               | CORP              | DE        |    152879 | NS      | $11251123.27  | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Popular, Inc.                                                      | POPULAR INC                          | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |    196807 | NS      | $13508832.48  | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Heidrick & Struggles International Inc                             | HEIDRICK & STRUG                     | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |    340919 | NS      | $10486668.44  | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| 10X Genomics Inc                                                   | 10X GENOMICS INC-CLASS A             | CUSIP: 88025U109<br>LEI: 5493003Z6741WNLG7H43 | Short            | EC               | CORP              | US        |    -78363 | NS      | $-3669739.29  | -0.28%            |  |  |  | No            | 1                  | On Loan: No      |
| Unifi, Inc.                                                        | UNIFI INC                            | CUSIP: 904677200<br>LEI: 549300MW5LPO0M2LNO04 | Long             | EC               | CORP              | US        |    685218 | NS      | $5858613.90   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Cabot Corporation                                                  | CABOT CORP                           | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |     15110 | NS      | $1138236.30   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Samsung Electronics Co Ltd                                         | SAMSUN-GDR REG S                     | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     13399 | NS      | $16514267.50  | 1.25%             |  |  |  | Yes           | 1                  | On Loan: No      |
| CVB Financial                                                      | CVB FINANCIAL                        | CUSIP: 126600105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -435959 | NS      | $-10558926.98 | -0.80%            |  |  |  | No            | 1                  | On Loan: No      |
| Caterpillar Inc                                                    | CATERPILLAR INC                      | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Short            | EC               | CORP              | US        |    -13779 | NS      | $-3476303.91  | -0.26%            |  |  |  | No            | 1                  | On Loan: No      |
| Orion Engineered Carbons S.A.                                      | ORION ENGINEERED                     | CUSIP: L72967109<br>LEI: 529900GL5W5OLSTSBE42 | Long             | EC               | CORP              | LU        |    416263 | NS      | $8749848.26   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| AT&T Inc                                                           | AT&T INC                             | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   1729838 | NS      | $35236800.06  | 2.67%             |  |  |  | No            | 1                  | On Loan: —       |
| RLI Corp                                                           | RLI CORP                             | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Short            | EC               | CORP              | US        |   -138151 | NS      | $-18298099.95 | -1.38%            |  |  |  | No            | 1                  | On Loan: No      |
| Nuvei Corporation                                                  | NUVEI CORP-SUB V                     | CUSIP: 67079A102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    443336 | NS      | $15663060.88  | 1.19%             |  |  |  | No            | 1                  | On Loan: —       |
| Moderna Inc                                                        | MODERNA INC                          | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Short            | EC               | CORP              | US        |    -49208 | NS      | $-8663560.48  | -0.66%            |  |  |  | No            | 1                  | On Loan: No      |
| Manhattan Associates Inc                                           | MANHATTAN ASSOC                      | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Short            | EC               | CORP              | US        |    -72259 | NS      | $-9419683.24  | -0.71%            |  |  |  | No            | 1                  | On Loan: No      |
| Koppers Holdings Inc                                               | KOPPERS HOLDINGS                     | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41004 | NS      | $1419148.44   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| MGM Resorts International                                          | MGM RESORTS INTE                     | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Short            | EC               | CORP              | US        |   -135032 | NS      | $-5591675.12  | -0.42%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | APP US 05/19/23 C20                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      2847 | NC      | $128115.00    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Appfolio Incorporation                                             | APPFOLIO INC - A                     | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Short            | EC               | CORP              | US        |    -98397 | NS      | $-11052935.01 | -0.84%            |  |  |  | No            | 1                  | On Loan: No      |
| Unity Software Inc                                                 | UNITY SOFTWARE I                     | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |    165829 | NS      | $5890246.08   | 0.45%             |  |  |  | No            | 1                  | On Loan: —       |
| Power Integrations Inc.                                            | POWER INTEGRATIO                     | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Short            | EC               | CORP              | US        |    -45606 | NS      | $-3926220.54  | -0.30%            |  |  |  | No            | 1                  | On Loan: No      |
| Donnelley Financial Solutions Inc                                  | DONNELLEY FINANC                     | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Short            | EC               | CORP              | US        |    -59045 | NS      | $-2693042.45  | -0.20%            |  |  |  | No            | 1                  | On Loan: No      |
| Planet Fitness Incorporation                                       | PLANET FITNESS-A                     | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Short            | EC               | CORP              | US        |   -184808 | NS      | $-15643997.20 | -1.18%            |  |  |  | No            | 1                  | On Loan: No      |
| Intel Corporation                                                  | INTEL CORP                           | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    462796 | NS      | $13078614.96  | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Under Armour, Inc.                                                 | UNDER ARMO-C                         | CUSIP: 904311206<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |    507990 | NS      | $5537091.00   | 0.42%             |  |  |  | No            | 1                  | On Loan: —       |
| Silvercrest Asset Mgmt Group Inc                                   | SILVERCREST ASSET MANAGEM            | CUSIP: 828359109<br>LEI: 54930025FW84N3HROX04 | Long             | EC               | CORP              | US        |    223482 | NS      | $4223809.80   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | SPY US 03/03/23 P370                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      2851 | NC      | $296504.00    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Salesforce Inc                                                     | SALESFORCE INC                       | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    202072 | NS      | $33942033.84  | 2.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Service Corporation International                                  | SERVICE CORP INT                     | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Short            | EC               | CORP              | US        |    -89244 | NS      | $-6617442.60  | -0.50%            |  |  |  | No            | 1                  | On Loan: No      |
| Sprout Social Incorporation                                        | SPROUT SOCIAL-A                      | CUSIP: 85209W109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -71503 | NS      | $-4574046.91  | -0.35%            |  |  |  | No            | 1                  | On Loan: No      |
| DoorDash Inc                                                       | DOORDASH INC-A                       | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Short            | EC               | CORP              | US        |   -110383 | NS      | $-6393383.36  | -0.48%            |  |  |  | No            | 1                  | On Loan: No      |
| Phx Minerals Inc                                                   | PHX MINERALS INC                     | CUSIP: 69291A100<br>LEI: 5493007OI1JOF1QSPE51 | Long             | EC               | CORP              | US        |    256832 | NS      | $927163.52    | 0.07%             |  |  |  | No            | 1                  | On Loan: —       |
| Impinj Inc                                                         | IMPINJ INC                           | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Short            | EC               | CORP              | US        |   -175866 | NS      | $-22823889.48 | -1.73%            |  |  |  | No            | 1                  | On Loan: No      |
| Expedia Group Inc                                                  | EXPEDIA GROUP IN                     | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |    219677 | NS      | $25109081.10  | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Rollins Inc                                                        | ROLLINS INC                          | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Short            | EC               | CORP              | US        |   -320518 | NS      | $-11666855.20 | -0.88%            |  |  |  | No            | 1                  | On Loan: No      |
| OceanaGold Corp.                                                   | OCEANAGOLD CORP                      | CUSIP: 675222103<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |   1785365 | NS      | $3864658.77   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Montrose Environmental Group Inc                                   | MONTROSE ENVIRON                     | CUSIP: 615111101<br>LEI: 254900ASI8K3LUB8Q958 | Short            | EC               | CORP              | US        |   -197110 | NS      | $-10675477.60 | -0.81%            |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Drainage System Inc                                       | ADVANCED DRAINAG                     | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Short            | EC               | CORP              | US        |    -26786 | NS      | $-2701100.24  | -0.20%            |  |  |  | No            | 1                  | On Loan: No      |
| Baxter International, Inc.                                         | BAXTER INTL INC                      | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |     86641 | NS      | $3958627.29   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Corvel Corp                                                        | CORVEL CORP                          | CUSIP: 221006109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -49213 | NS      | $-8767788.08  | -0.66%            |  |  |  | No            | 1                  | On Loan: No      |
| Torex Gold Resources Inc                                           | TOREX GOLD RESOU                     | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |    355257 | NS      | $4883688.99   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Mistras Group Inc                                                  | MISTRAS GROUP IN                     | CUSIP: 60649T107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    951203 | NS      | $5041375.90   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Zoom Video Communications Inc                                      | ZOOM VIDEO COM-A                     | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |    334424 | NS      | $25081800.00  | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Argonaut Gold Inc                                                  | ARGONAUT GOLD IN                     | CUSIP: 04016A101<br>LEI: 54930043XCKI4E8EQR38 | Long             | EC               | CORP              | CA        |  12558798 | NS      | $6701902.01   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Verisign, Inc.                                                     | VERISIGN INC                         | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Short            | EC               | CORP              | US        |    -58643 | NS      | $-12787106.15 | -0.97%            |  |  |  | No            | 1                  | On Loan: No      |
| Chord Energy Corp.                                                 | CHORD ENERGY COR                     | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     58768 | NS      | $8423217.44   | 0.64%             |  |  |  | No            | 1                  | On Loan: —       |
| Hensoldt AG                                                        | HENSOLDT AG                          | CUSIP: D3R14P109<br>LEI: 894500686FYLLZD3M624 | Long             | EC               | CORP              | DE        |    221373 | NS      | $6401262.96   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Snowflake Inc                                                      | SNOWFLAKE INC-A                      | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Short            | EC               | CORP              | US        |   -134597 | NS      | $-21056354.68 | -1.59%            |  |  |  | No            | 1                  | On Loan: No      |
| Immersion Corp.                                                    | IMMERSION CORP                       | CUSIP: 452521107<br>LEI: 529900AKNC1UAMQ2YB35 | Long             | EC               | CORP              | US        |    831225 | NS      | $6084567.00   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Hess Corporation                                                   | HESS CORP                            | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Short            | EC               | CORP              | US        |    -47475 | NS      | $-7128846.00  | -0.54%            |  |  |  | No            | 1                  | On Loan: No      |
| Bridge Investment Group Holdings Inc                               | BRIDGE INVESTM-A                     | CUSIP: 10806B100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -254770 | NS      | $-3793525.30  | -0.29%            |  |  |  | No            | 1                  | On Loan: No      |
| Viant Technology Inc                                               | VIANT TECHNOLO-A                     | CUSIP: 92557A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    774058 | NS      | $3514223.32   | 0.27%             |  |  |  | No            | 1                  | On Loan: —       |
| Apple Inc.                                                         | APPLE INC                            | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Short            | EC               | CORP              | US        |   -178050 | NS      | $-25690834.50 | -1.94%            |  |  |  | No            | 1                  | On Loan: No      |
| Digi International Inc.                                            | DIGI INTL INC                        | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Short            | EC               | CORP              | US        |   -138208 | NS      | $-4697689.92  | -0.36%            |  |  |  | No            | 1                  | On Loan: No      |
| Exponent Inc                                                       | EXPONENT INC                         | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Short            | EC               | CORP              | US        |   -136935 | NS      | $-14041314.90 | -1.06%            |  |  |  | No            | 1                  | On Loan: No      |
| U.S. Bancorp.                                                      | US BANCORP                           | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Short            | EC               | CORP              | US        |   -130229 | NS      | $-6485404.20  | -0.49%            |  |  |  | No            | 1                  | On Loan: No      |
| JELD-WEN Holding Inc.                                              | JELD-WEN HOLDING                     | CUSIP: 47580P103<br>LEI: 529900AXX7CT9GZSCS30 | Long             | EC               | CORP              | US        |    261952 | NS      | $3313692.80   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| QuidelOrtho Corp                                                   | QUIDELORTHO CORP                     | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     35736 | NS      | $3059358.96   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Fonar Corporation                                                  | FONAR CORP                           | CUSIP: 344437405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94920 | NS      | $1711407.60   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Vitesco Technologies Group AG                                      | VITESCO TECHNOLO                     | CUSIP: D8T4KW107<br>LEI: 529900CCDMZ7UCYYS252 | Long             | EC               | CORP              | DE        |    112645 | NS      | $7775799.00   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| TPG Inc                                                            | TPG INC                              | CUSIP: 872657101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -323223 | NS      | $-10411012.83 | -0.79%            |  |  |  | No            | 1                  | On Loan: No      |
| Elanco Animal Health Inc                                           | ELANCO ANIMAL HEALTH INC             | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |    561995 | NS      | $7716191.35   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Titan Machinery Inc.                                               | TITAN MACHINERY                      | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Short            | EC               | CORP              | US        |    -92738 | NS      | $-4074907.72  | -0.31%            |  |  |  | No            | 1                  | On Loan: No      |
| Henry Jack & Associates Inc.                                       | JACK HENRY                           | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Short            | EC               | CORP              | US        |    -76906 | NS      | $-13850001.54 | -1.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Lyft Inc                                                           | LYFT INC-A                           | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |   2070433 | NS      | $33644536.25  | 2.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Mueller Industries Inc.                                            | MUELLER INDS                         | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Short            | EC               | CORP              | US        |   -112766 | NS      | $-7391811.30  | -0.56%            |  |  |  | No            | 1                  | On Loan: No      |
| Doximity Inc                                                       | DOXIMITY INC-A                       | CUSIP: 26622P107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -232919 | NS      | $-8215053.13  | -0.62%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | APP US 02/17/23 C15                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      2847 | NC      | $119574.00    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Eastman Chemical Company                                           | EASTMAN CHEMICAL                     | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |     88491 | NS      | $7802251.47   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Iron Mountain Incorporated                                         | IRON MOUNTAIN                        | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Short            | EC               | CORP              | US        |   -156308 | NS      | $-8531290.64  | -0.65%            |  |  |  | No            | 1                  | On Loan: No      |
| Paycom Software Inc                                                | PAYCOM SOFTWARE                      | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Short            | EC               | CORP              | US        |    -51376 | NS      | $-16642741.44 | -1.26%            |  |  |  | No            | 1                  | On Loan: No      |
| Upwork Inc                                                         | UPWORK INC                           | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |    773888 | NS      | $10029588.48  | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Catalyst Pharmaceuticals Inc.                                      | CATALYST PHARMACEUTICALS             | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Short            | EC               | CORP              | US        |   -201768 | NS      | $-3125386.32  | -0.24%            |  |  |  | No            | 1                  | On Loan: No      |
| AeroVironment, Inc.                                                | AEROVIRONMENT IN                     | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Short            | EC               | CORP              | US        |    -55926 | NS      | $-4975736.22  | -0.38%            |  |  |  | No            | 1                  | On Loan: No      |
| AFFINION GROUP HLDGS INC                                           | TENERITY INC                         | CUSIP: 008294209<br>LEI: 549300KQQ3W775I3BX27 | Long             | EC               | CORP              | US        |      4406 | NS      | $0.00         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Exelixis, Inc.                                                     | EXELIXIS INC                         | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |    718605 | NS      | $12661820.10  | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Gamestop Corp                                                      | GAMESTOP CORP-A                      | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Short            | EC               | CORP              | US        |   -356604 | NS      | $-7798929.48  | -0.59%            |  |  |  | No            | 1                  | On Loan: No      |
| Genuine Parts Co                                                   | GENUINE PARTS CO                     | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Short            | EC               | CORP              | US        |    -52771 | NS      | $-8856029.22  | -0.67%            |  |  |  | No            | 1                  | On Loan: No      |
| Crocs Inc                                                          | CROCS INC                            | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Short            | EC               | CORP              | US        |   -123654 | NS      | $-15057347.58 | -1.14%            |  |  |  | No            | 1                  | On Loan: No      |
| Dometic Group AB                                                   | DOMETIC GROUP AB                     | CUSIP: W2R936106<br>LEI: 549300STIPMK5VSA7Y59 | Short            | EC               | CORP              | SE        |   -447491 | NS      | $-2802477.19  | -0.21%            |  |  |  | Yes           | 1                  | On Loan: No      |
| Insulet Corporation                                                | INSULET CORP                         | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Short            | EC               | CORP              | US        |    -47728 | NS      | $-13713208.96 | -1.04%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | MOUNT VERNON LIQUID ASSETS PORTFOLIO | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Clear Secure Inc                                                   | CLEAR SECURE I-A                     | CUSIP: 18467V109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -117019 | NS      | $-3673226.41  | -0.28%            |  |  |  | No            | 1                  | On Loan: No      |
| Block Inc                                                          | BLOCK INC                            | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Short            | EC               | CORP              | US        |    -44707 | NS      | $-3653456.04  | -0.28%            |  |  |  | No            | 1                  | On Loan: No      |
| Toast Inc                                                          | TOAST INC-A                          | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Short            | EC               | CORP              | US        |   -175394 | NS      | $-3913040.14  | -0.30%            |  |  |  | No            | 1                  | On Loan: No      |
| Smartsheet Inc                                                     | SMARTSHEET INC-A                     | CUSIP: 83200N103<br>LEI: 549300N9WF42OK9VL589 | Long             | EC               | CORP              | US        |    275760 | NS      | $11915589.60  | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| NVIDIA Corp.                                                       | NVIDIA CORP                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Short            | EC               | CORP              | US        |   -117086 | NS      | $-22875091.82 | -1.73%            |  |  |  | No            | 1                  | On Loan: No      |
| Credit Acceptance Corporation of Michigan                          | CREDIT ACCEPTANC                     | CUSIP: 225310101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -22836 | NS      | $-10564847.04 | -0.80%            |  |  |  | No            | 1                  | On Loan: No      |
| Aritzia Inc                                                        | ARITZIA INC-SUB                      | CUSIP: 04045U102<br>LEI: 549300U83HKFRL1EX527 | Short            | EC               | CORP              | CA        |   -140371 | NS      | $-5063138.33  | -0.38%            |  |  |  | No            | 1                  | On Loan: No      |
| First Solar Inc                                                    | FIRST SOLAR INC                      | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Short            | EC               | CORP              | US        |    -46118 | NS      | $-8190556.80  | -0.62%            |  |  |  | No            | 1                  | On Loan: No      |
| PowerSchool Holdings Inc                                           | POWERSCHOOL HLDG                     | CUSIP: 73939C106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -212406 | NS      | $-4783383.12  | -0.36%            |  |  |  | No            | 1                  | On Loan: No      |
| Assetmark Financial Holdings Inc                                   | ASSETMARK FINANCIAL HOLDI            | CUSIP: 04546L106<br>LEI: 5493001K4EDHT2T6W812 | Long             | EC               | CORP              | US        |    260708 | NS      | $6919190.32   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Driven Brands Holdings Inc                                         | DRIVEN BRANDS HO                     | CUSIP: 26210V102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -232530 | NS      | $-6787550.70  | -0.51%            |  |  |  | No            | 1                  | On Loan: No      |
| Shake Shack Inc                                                    | SHAKE SHACK IN-A                     | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Short            | EC               | CORP              | US        |   -113729 | NS      | $-6468905.52  | -0.49%            |  |  |  | No            | 1                  | On Loan: No      |
| The ChildrenS Place Inc                                            | CHILDREN'S PLACE                     | CUSIP: 168905107<br>LEI: 549300BGVK2OO5O7TC19 | Long             | EC               | CORP              | US        |    222876 | NS      | $10111884.12  | 0.77%             |  |  |  | No            | 1                  | On Loan: —       |
| Kinross Gold Corporation                                           | KINROSS GOLD                         | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |   2542614 | NS      | $11797728.96  | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Lexaria Bioscience Corporation                                     | LEXARIA BIOSCIEN                     | CUSIP: 52886N406<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    386575 | NS      | $1240905.75   | 0.09%             |  |  |  | No            | 1                  | On Loan: —       |
| Siteone Landscape Supply Inc                                       | SITEONE LANDSCAP                     | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Short            | EC               | CORP              | US        |    -51938 | NS      | $-7869126.38  | -0.60%            |  |  |  | No            | 1                  | On Loan: No      |
| BrightView Holdings Inc.                                           | BRIGHTVIEW HOLDI                     | CUSIP: 10948C107<br>LEI: 549300F8QN8YHVI7L866 | Long             | EC               | CORP              | US        |    388701 | NS      | $3090172.95   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Schlumberger Limited                                               | SCHLUMBERGER LTD                     | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Short            | EC               | CORP              | CW        |   -112466 | NS      | $-6408312.68  | -0.48%            |  |  |  | No            | 1                  | On Loan: No      |
| Generac Holdings Inc.                                              | GENERAC HOLDINGS                     | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     59305 | NS      | $7152183.00   | 0.54%             |  |  |  | No            | 1                  | On Loan: —       |
| Signature Bank                                                     | SIGNATURE BANK                       | CUSIP: 82669G104<br>LEI: VLP5AP0XK2GM6GKD1007 | Short            | EC               | CORP              | US        |   -110526 | NS      | $-14252327.70 | -1.08%            |  |  |  | No            | 1                  | On Loan: No      |
| Transdigm Group Inc.                                               | TRANSDIGM GROUP                      | CUSIP: 893641100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -20917 | NS      | $-15013176.75 | -1.14%            |  |  |  | No            | 1                  | On Loan: No      |
| Commercial Metals Company                                          | COMMERCIAL METAL                     | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Short            | EC               | CORP              | US        |   -226242 | NS      | $-12278153.34 | -0.93%            |  |  |  | No            | 1                  | On Loan: No      |
| Bayer AG                                                           | BAYER AG-REG                         | CUSIP: D0712D163<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |    233186 | NS      | $14448964.02  | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Chewy Inc                                                          | CHEWY INC- CL A                      | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Short            | EC               | CORP              | US        |   -115502 | NS      | $-5204520.12  | -0.39%            |  |  |  | No            | 1                  | On Loan: No      |
| Fleetcor Technologies Inc                                          | FLEETCOR TECHNOL                     | CUSIP: 339041105<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |     64149 | NS      | $13394952.69  | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Comcast Corporation                                                | COMCAST CORP-A                       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    888412 | NS      | $34959012.20  | 2.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Surgery Partners Inc                                               | SURGERY PARTNERS                     | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Short            | EC               | CORP              | US        |   -120460 | NS      | $-3999272.00  | -0.30%            |  |  |  | No            | 1                  | On Loan: No      |
| Hamilton Beach Brands Holding Co.                                  | HAMILTON -A                          | CUSIP: 40701T104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    171522 | NS      | $2221209.90   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Kilroy Realty Corporation                                          | KILROY REALTY                        | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     93968 | NS      | $3856446.72   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Liveramp Holdings Inc                                              | LIVERAMP HOLDING                     | CUSIP: 53815P108<br>LEI: 76MIROMHC0FSWDR2G072 | Long             | EC               | CORP              | US        |    749567 | NS      | $20058412.92  | 1.52%             |  |  |  | No            | 1                  | On Loan: No      |
| PAR Technology Corp.                                               | PAR TECHNOLOGY CORP/DEL              | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Short            | EC               | CORP              | US        |    -78604 | NS      | $-2671749.96  | -0.20%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | APP US 05/19/23 C17.5                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      2847 | NC      | $219219.00    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Warner Bros. Discovery Inc.                                        | WARNER BROS DISC                     | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |   2783090 | NS      | $41245393.80  | 3.12%             |  |  |  | No            | 1                  | On Loan: —       |
| Super Micro Computer Inc.                                          | SUPER MICRO COMP                     | CUSIP: 86800U104<br>LEI: 54930022CZO1N2UGVW07 | Short            | EC               | CORP              | US        |    -65888 | NS      | $-4765679.04  | -0.36%            |  |  |  | No            | 1                  | On Loan: No      |
| On Holding AG                                                      | ON HOLDING AG-A                      | CUSIP: H5919C104<br>LEI: N/A                  | Short            | EC               | CORP              | CH        |   -405918 | NS      | $-9417297.60  | -0.71%            |  |  |  | No            | 1                  | On Loan: No      |
| Ulta Beauty Inc                                                    | ULTA BEAUTY INC                      | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Short            | EC               | CORP              | US        |     -4087 | NS      | $-2100554.52  | -0.16%            |  |  |  | No            | 1                  | On Loan: No      |
| SS&C Technologies Holdings Inc.                                    | SS&C TECHNOLOGIE                     | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    439117 | NS      | $26500710.95  | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Nucor Corporation                                                  | NUCOR CORP                           | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Short            | EC               | CORP              | US        |    -66952 | NS      | $-11316227.04 | -0.86%            |  |  |  | No            | 1                  | On Loan: No      |
| Murphy USA Inc.                                                    | MURPHY USA INC                       | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Short            | EC               | CORP              | US        |    -42328 | NS      | $-11514485.84 | -0.87%            |  |  |  | No            | 1                  | On Loan: No      |
| Costco Wholesale Corporation                                       | COSTCO WHOLESALE                     | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Short            | EC               | CORP              | US        |     -3158 | NS      | $-1614180.12  | -0.12%            |  |  |  | No            | 1                  | On Loan: No      |
| Novanta Inc                                                        | NOVANTA INC                          | CUSIP: 67000B104<br>LEI: 549300NBPHPTUPTS8070 | Short            | EC               | CORP              | CA        |    -68472 | NS      | $-11056173.84 | -0.84%            |  |  |  | No            | 1                  | On Loan: No      |
| Viatris Inc                                                        | VIATRIS INC                          | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |   1406691 | NS      | $17105362.56  | 1.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Overstock.com Inc.                                                 | OVERSTOCK.COM INC                    | CUSIP: 690370101<br>LEI: 549300ACR0DL9U7EI710 | Long             | EC               | CORP              | US        |     60541 | NS      | $1465697.61   | 0.11%             |  |  |  | No            | 1                  | On Loan: —       |
| A10 Networks Inc                                                   | A10 NETWORKS INC                     | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Short            | EC               | CORP              | US        |   -237058 | NS      | $-3669657.84  | -0.28%            |  |  |  | No            | 1                  | On Loan: No      |
| Ferroglobe PLC                                                     | FERROGLOBE PLC                       | CUSIP: G33856108<br>LEI: 2138005GCFJACFTZUD90 | Long             | EC               | CORP              | GB        |    553958 | NS      | $2631300.50   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| National Beverage Corp.                                            | NATL BEVERAGE                        | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Short            | EC               | CORP              | US        |   -109924 | NS      | $-4858640.80  | -0.37%            |  |  |  | No            | 1                  | On Loan: No      |
| Cerevel Therapeutics Holdings Inc                                  | CEREVEL THERAPEU                     | CUSIP: 15678U128<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -117786 | NS      | $-4022391.90  | -0.30%            |  |  |  | No            | 1                  | On Loan: No      |
| Securitas AB                                                       | SECURITAS AB-B SHS                   | CUSIP: W7912C118<br>LEI: 635400TTYKE8EIWDS617 | Long             | EC               | CORP              | SE        |     76949 | NS      | $701446.59    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | QQQ US 03/03/23 P260                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      1424 | NC      | $131008.00    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Uber Technologies Inc                                              | UBER TECHNOLOGIE                     | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    163068 | NS      | $5043693.24   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Deere & Company                                                    | DEERE & CO                           | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Short            | EC               | CORP              | US        |    -45841 | NS      | $-19383408.44 | -1.47%            |  |  |  | No            | 1                  | On Loan: No      |
| Exact Sciences Corporation                                         | EXACT SCIENCES                       | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Short            | EC               | CORP              | US        |    -80615 | NS      | $-5443124.80  | -0.41%            |  |  |  | No            | 1                  | On Loan: No      |
| Suntory Beverage & Food Ltd                                        | SUNTORY BEVERAGE & FOOD L            | CUSIP: J78186103<br>LEI: 549300FONLMVK7YYYH41 | Long             | EC               | CORP              | JP        |    182169 | NS      | $6131185.51   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Beam Therapeutics Incorporation                                    | BEAM THERAPEUTIC                     | CUSIP: 07373V105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -60181 | NS      | $-2614864.45  | -0.20%            |  |  |  | No            | 1                  | On Loan: No      |
| Green Plains Inc                                                   | GREEN PLAINS INC                     | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Short            | EC               | CORP              | US        |   -177800 | NS      | $-6182106.00  | -0.47%            |  |  |  | No            | 1                  | On Loan: No      |
| Okta Incorporation                                                 | OKTA INC                             | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     61600 | NS      | $4534376.00   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Energy Recovery Inc.                                               | ENERGY RECOVERY INC                  | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Short            | EC               | CORP              | US        |   -259853 | NS      | $-5750546.89  | -0.44%            |  |  |  | No            | 1                  | On Loan: No      |
| The Boeing Company                                                 | BOEING CO/THE                        | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Short            | EC               | CORP              | US        |    -73757 | NS      | $-15710241.00 | -1.19%            |  |  |  | No            | 1                  | On Loan: No      |
| Levi Strauss & Co.                                                 | LEVI STRAUSS & CO- CLASS             | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |    917130 | NS      | $16875192.00  | 1.28%             |  |  |  | No            | 1                  | On Loan: —       |
| Flex Ltd.                                                          | FLEX LTD                             | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |    734890 | NS      | $17159681.50  | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Alphabet Inc.                                                      | ALPHABET INC-A                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     27901 | NS      | $2757734.84   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Energy Transfer LP                                                 | ENERGY TRANSFER                      | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |     87183 | NS      | $1157790.24   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Johnson Outdoors Inc.                                              | JOHNSON OUTDOO-A                     | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30735 | NS      | $2104118.10   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Royal Caribbean Group                                              | ROYAL CARIBBEAN GROUP                | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Short            | EC               | CORP              | LR        |   -102658 | NS      | $-6666610.52  | -0.50%            |  |  |  | No            | 1                  | On Loan: No      |
| Laureate Education, Inc.                                           | LAUREATE EDUCA-A                     | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |   1170813 | NS      | $12855526.74  | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Cognyte Software Limited                                           | COGNYTE SOFT                         | CUSIP: M25133105<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    849311 | NS      | $3218888.69   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Shockwave Medical Incorporation                                    | SHOCKWAVE MEDICAL INC                | CUSIP: 82489T104<br>LEI: 549300LDXO56IC5Y1538 | Short            | EC               | CORP              | US        |    -11192 | NS      | $-2103312.56  | -0.16%            |  |  |  | No            | 1                  | On Loan: No      |
| Hurco Cos Inc                                                      | HURCO COMPANIES                      | CUSIP: 447324104<br>LEI: XSC5XDOTBYOBQPOG2O82 | Long             | EC               | CORP              | US        |     76980 | NS      | $2170836.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Duolingo Inc                                                       | DUOLINGO                             | CUSIP: 26603R106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -89328 | NS      | $-8529930.72  | -0.65%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | QQQ US 03/31/23 P250                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       950 | NC      | $150100.00    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Portillos Inc.                                                     | PORTILLO'S-CL A                      | CUSIP: 73642K106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -288887 | NS      | $-6517290.72  | -0.49%            |  |  |  | No            | 1                  | On Loan: No      |
| Caesarstone Limited                                                | CAESARSTONE LTD                      | CUSIP: M20598104<br>LEI: 254900MJ7IXAH75VFC61 | Long             | EC               | CORP              | IL        |    342452 | NS      | $2136900.48   | 0.16%             |  |  |  | No            | 1                  | On Loan: —       |
| Badger Meter Inc                                                   | BADGER METER INC                     | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Short            | EC               | CORP              | US        |   -121143 | NS      | $-14040473.70 | -1.06%            |  |  |  | No            | 1                  | On Loan: No      |
| Shoals Technologies Group Inc                                      | SHOALS TECHNOL-A                     | CUSIP: 82489W107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -387675 | NS      | $-10812255.75 | -0.82%            |  |  |  | No            | 1                  | On Loan: No      |
| Amphastar Pharmaceuticals Inc                                      | AMPHASTAR PHARMA                     | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Short            | EC               | CORP              | US        |    -92474 | NS      | $-2798263.24  | -0.21%            |  |  |  | No            | 1                  | On Loan: No      |
| Hikma Pharmaceuticals PLC                                          | Hikma Pharmaceuticals PLC            | CUSIP: G4576K104<br>LEI: 549300BNS685UXH4JI75 | Long             | EC               | CORP              | GB        |    195567 | NS      | $4119116.08   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Hanesbrands Inc.                                                   | HANESBRANDS INC                      | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |   2645846 | NS      | $22330940.24  | 1.69%             |  |  |  | No            | 1                  | On Loan: —       |
| AIXTRON SE                                                         | AIXTRON SE                           | CUSIP: D0257Y135<br>LEI: 5299004UJ4D51M25LD67 | Short            | EC               | CORP              | DE        |   -159783 | NS      | $-4731480.51  | -0.36%            |  |  |  | No            | 1                  | On Loan: No      |
| PNC Financial Services Group Inc                                   | PNC FINANCIAL SE                     | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Short            | EC               | CORP              | US        |    -62578 | NS      | $-10352278.54 | -0.78%            |  |  |  | No            | 1                  | On Loan: No      |
| Cellebrite Di Ltd                                                  | CELLEBRITE DI LT                     | CUSIP: M2197Q107<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    194223 | NS      | $1066284.27   | 0.08%             |  |  |  | No            | 1                  | On Loan: —       |
| Sandridge Energy, Inc.                                             | SANDRIDGE ENERGY INC                 | CUSIP: 80007P869<br>LEI: W1MKPVGS6I5155L7VV67 | Long             | EC               | CORP              | US        |    232679 | NS      | $3678654.99   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Cognizant Technology Solutions Corp.                               | COGNIZANT TECH-A                     | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |    238967 | NS      | $15951047.25  | 1.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Travelzoo                                                          | TRAVELZOO                            | CUSIP: 89421Q205<br>LEI: 5493003SM75HBCOOU310 | Long             | EC               | CORP              | US        |    262629 | NS      | $1402438.86   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Foot Locker, Inc.                                                  | FOOT LOCKER INC                      | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |     91450 | NS      | $3978989.50   | 0.30%             |  |  |  | No            | 1                  | On Loan: —       |
| Churchill Downs Inc                                                | CHURCHILL DOWNS                      | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Short            | EC               | CORP              | US        |    -56256 | NS      | $-13957113.60 | -1.06%            |  |  |  | No            | 1                  | On Loan: No      |
| Lamb Weston Holdings Inc                                           | LAMB WESTON                          | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Short            | EC               | CORP              | US        |    -94220 | NS      | $-9411635.80  | -0.71%            |  |  |  | No            | 1                  | On Loan: No      |
| Suburban Propane Partners LP / Suburban Energy Finance Corporation | SUBURBAN PROPANE                     | CUSIP: 864482104<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | EC               | CORP              | US        |    241679 | NS      | $3813694.62   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Arhaus Inc                                                         | ARHAUS INC                           | CUSIP: 04035M102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -579657 | NS      | $-8202146.55  | -0.62%            |  |  |  | No            | 1                  | On Loan: No      |
| MYT Netherlands Parent BV                                          | MYT NETHERLANDS                      | CUSIP: 55406W103<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |     77482 | NS      | $903440.12    | 0.07%             |  |  |  | No            | 1                  | On Loan: —       |
| Miller Industries Inc. (Tennessee)                                 | MILLER INDS/TENN                     | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |    140219 | NS      | $4067753.19   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Nlight Inc.                                                        | NLIGHT INC                           | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    539281 | NS      | $6687084.40   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Sensata Technologies Holding PLC                                   | SENSATA TECHNOLO                     | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |    107845 | NS      | $5483918.25   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Topbuild Corporation                                               | TOPBUILD COR                         | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Short            | EC               | CORP              | US        |    -91878 | NS      | $-18381112.68 | -1.39%            |  |  |  | No            | 1                  | On Loan: No      |
| Lancaster Colony Corp.                                             | LANCASTER COLONY                     | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Short            | EC               | CORP              | US        |    -32033 | NS      | $-6147453.03  | -0.47%            |  |  |  | No            | 1                  | On Loan: No      |
| ON24 Inc                                                           | ON24 INC                             | CUSIP: 68339B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    252284 | NS      | $2341195.52   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Health Services, Inc.                                    | UNIVERSAL HLTH-B                     | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     41680 | NS      | $6177392.80   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Healthequity Inc                                                   | HEALTHEQUITY INC                     | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Short            | EC               | CORP              | US        |    -76975 | NS      | $-4683928.75  | -0.35%            |  |  |  | No            | 1                  | On Loan: No      |
| B2Gold Corp.                                                       | B2GOLD CORP                          | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |   2955153 | NS      | $11705291.56  | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| HireRight Holdings Corp.                                           | HIRERIGHT HOLDIN                     | CUSIP: 433537107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    956918 | NS      | $10947141.92  | 0.83%             |  |  |  | No            | 1                  | On Loan: —       |
| Owens Corning                                                      | OWENS CORNING                        | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |    104893 | NS      | $10137908.45  | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Freshpet Inc                                                       | FRESHPET INC                         | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Short            | EC               | CORP              | US        |   -129598 | NS      | $-8207441.34  | -0.62%            |  |  |  | No            | 1                  | On Loan: No      |
| AbCellera Biologics Inc                                            | ABCELLERA BIOLOG                     | CUSIP: 00288U106<br>LEI: 9845000861BC95FF9F73 | Short            | EC               | CORP              | CA        |   -485465 | NS      | $-5111946.45  | -0.39%            |  |  |  | No            | 1                  | On Loan: No      |
| Malibu Boats Inc                                                   | MALIBU BOATS INC - A                 | CUSIP: 56117J100<br>LEI: 549300MHGS3WZNRLUK77 | Short            | EC               | CORP              | US        |   -112040 | NS      | $-6788503.60  | -0.51%            |  |  |  | No            | 1                  | On Loan: No      |
| Casella Waste Systems, Inc.                                        | CASELLA WASTE                        | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Short            | EC               | CORP              | US        |   -176781 | NS      | $-14163693.72 | -1.07%            |  |  |  | No            | 1                  | On Loan: No      |
| American Airlines Group Inc                                        | AMERICAN AIRLINE                     | CUSIP: 02376R102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -636933 | NS      | $-10280098.62 | -0.78%            |  |  |  | No            | 1                  | On Loan: No      |
| Eldorado Gold Corp                                                 | ELDORADO GOLD                        | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |    777207 | NS      | $7430098.92   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Sunpower Corporation                                               | SUNPOWER CORP                        | CUSIP: 867652406<br>LEI: 549300TXO070764WUH65 | Short            | EC               | CORP              | US        |   -388233 | NS      | $-6766901.19  | -0.51%            |  |  |  | No            | 1                  | On Loan: No      |
| Instructure Holdings Inc.                                          | INSTRUCTURE HOLD                     | CUSIP: 457790103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -135506 | NS      | $-3662727.18  | -0.28%            |  |  |  | No            | 1                  | On Loan: No      |
| FIRST AMERN FDS INC                                                | FRST AM-GV OB-X                      | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        | 109720462 | PA      | $109720462.18 | 8.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Dr. Martens Plc                                                    | DR. MARTENS PLC                      | CUSIP: G2843S108<br>LEI: 213800QPT8YM6NQZPH28 | Long             | EC               | CORP              | GB        |   3361610 | NS      | $6431799.79   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Chemed Corporation                                                 | CHEMED CORP                          | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Short            | EC               | CORP              | US        |    -24772 | NS      | $-12513328.08 | -0.95%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | XLF US 02/17/23 P32                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      5692 | NC      | $5692.00      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| eBay Inc.                                                          | EBAY INC                             | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    789041 | NS      | $39057529.50  | 2.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Nomad Foods Limited                                                | NOMAD FOODS                          | CUSIP: G6564A105<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | VG        |    628803 | NS      | $11186405.37  | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Corecivic Inc                                                      | CORECIVIC INC                        | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |    805859 | NS      | $8574339.76   | 0.65%             |  |  |  | No            | 1                  | On Loan: —       |
| Equinix, Inc.                                                      | EQUINIX INC                          | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Short            | EC               | CORP              | US        |     -8784 | NS      | $-6483733.92  | -0.49%            |  |  |  | No            | 1                  | On Loan: No      |
| Global Payments Inc                                                | GLOBAL PAYMENTS                      | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     86327 | NS      | $9730779.44   | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| ResMed Inc.                                                        | RESMED INC                           | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Short            | EC               | CORP              | US        |    -19681 | NS      | $-4494549.97  | -0.34%            |  |  |  | No            | 1                  | On Loan: No      |
| Douglas Emmett Inc                                                 | DOUGLAS EMMETT                       | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    101799 | NS      | $1705133.25   | 0.13%             |  |  |  | No            | 1                  | On Loan: —       |
| Kinsale Capital Group Inc                                          | KINSALE CAPITAL                      | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Short            | EC               | CORP              | US        |    -27646 | NS      | $-7697752.24  | -0.58%            |  |  |  | No            | 1                  | On Loan: No      |
| Novocure Ltd                                                       | NOVOCURE LTD                         | CUSIP: G6674U108<br>LEI: 213800YPP55UMHWA4826 | Short            | EC               | CORP              | JE        |    -43703 | NS      | $-3984839.54  | -0.30%            |  |  |  | No            | 1                  | On Loan: No      |
| P10 Inc                                                            | P10 INC-A                            | CUSIP: 69376K106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -289600 | NS      | $-3272480.00  | -0.25%            |  |  |  | No            | 1                  | On Loan: No      |
| Telephone and Data Systems Inc.                                    | TELEPHONE & DATA                     | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    308136 | NS      | $4119778.32   | 0.31%             |  |  |  | No            | 1                  | On Loan: —       |
| Axcelis Technologies Inc.                                          | AXCELIS TECH INC                     | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Short            | EC               | CORP              | US        |   -125665 | NS      | $-13816866.75 | -1.05%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | SPY US 03/31/23 P360                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      2851 | NC      | $573051.00    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Blue Owl Capital Inc                                               | BLUE OWL CAPITAL                     | CUSIP: 09581B103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -788282 | NS      | $-9916587.56  | -0.75%            |  |  |  | No            | 1                  | On Loan: No      |
| Bausch Plus Lomb Corp.                                             | BAUSCH + LOMB CO                     | CUSIP: 071705107<br>LEI: 549300NY6OZM39SO6475 | Long             | EC               | CORP              | CA        |    711398 | NS      | $12264501.52  | 0.93%             |  |  |  | No            | 1                  | On Loan: —       |
| Southwest Airlines Co.                                             | SOUTHWEST AIR                        | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    160049 | NS      | $5724952.73   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Dollar Tree Inc                                                    | DOLLAR TREE INC                      | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Short            | EC               | CORP              | US        |    -78745 | NS      | $-11825924.10 | -0.89%            |  |  |  | No            | 1                  | On Loan: No      |
| Crescent Point Energy Corp                                         | CRESCENT POINT                       | CUSIP: 22576C101<br>LEI: 549300FTKUHZK8OC7N74 | Long             | EC               | CORP              | CA        |   1749883 | NS      | $13054127.18  | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| WEX Inc                                                            | WEX INC                              | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     72056 | NS      | $13328198.32  | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Silk Road Medical Inc                                              | SILK ROAD MEDICA                     | CUSIP: 82710M100<br>LEI: 549300VL8KC0ZPDQHE14 | Short            | EC               | CORP              | US        |   -142292 | NS      | $-7734993.12  | -0.59%            |  |  |  | No            | 1                  | On Loan: No      |
| Titan International, Inc.                                          | TITAN INTL INC                       | CUSIP: 88830M102<br>LEI: 54930043H7SFLNS88586 | Short            | EC               | CORP              | US        |   -494569 | NS      | $-8254356.61  | -0.62%            |  |  |  | No            | 1                  | On Loan: No      |
| Progyny Inc                                                        | PROGYNY INC                          | CUSIP: 74340E103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -111066 | NS      | $-3819559.74  | -0.29%            |  |  |  | No            | 1                  | On Loan: No      |
| Rapid7 Incorporation                                               | RAPID7 INC                           | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |     69225 | NS      | $2760000.75   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Seabridge Gold Inc                                                 | SEABRIDGE GOLD INC                   | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               | CORP              | CA        |     93250 | NS      | $1227170.00   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Fiserv Inc.                                                        | FISERV INC                           | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    112540 | NS      | $12005767.20  | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Upland Software Inc                                                | UPLAND SOFTWARE INC                  | CUSIP: 91544A109<br>LEI: 549300NS277POYJ63W89 | Long             | EC               | CORP              | US        |    373874 | NS      | $3263920.02   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Newell Brands Inc.                                                 | NEWELL BRANDS IN                     | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |    415663 | NS      | $6633981.48   | 0.50%             |  |  |  | No            | 1                  | On Loan: —       |
| Option Care Health Inc                                             | OPTION CARE HEAL                     | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Short            | EC               | CORP              | US        |   -260911 | NS      | $-7532500.57  | -0.57%            |  |  |  | No            | 1                  | On Loan: No      |
| Mativ Holdings Inc                                                 | MATIV INC                            | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               | CORP              | US        |    140894 | NS      | $3883038.64   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldmoney Incorporation                                            | GOLDMONEY INC                        | CUSIP: 38149A109<br>LEI: 529900FVFMKB4KL6F148 | Long             | EC               | CORP              | CA        |      6109 | NS      | $8264.84      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Fast Retailing Co Ltd.                                             | Fast Retailing Co Ltd                | CUSIP: J1346E100<br>LEI: 353800ZCXKHDPY0N5218 | Short            | EC               | CORP              | JP        |     -9685 | NS      | $-5836094.76  | -0.44%            |  |  |  | No            | 1                  | On Loan: No      |
| Axonics Inc                                                        | AXONICS INC                          | CUSIP: 05465P101<br>LEI: 549300LJY4X7N57VJL05 | Short            | EC               | CORP              | US        |   -186877 | NS      | $-11474247.80 | -0.87%            |  |  |  | No            | 1                  | On Loan: No      |
| Establishment Labs Hldgs Inc                                       | ESTABLISHMENT LABS HOLDIN            | CUSIP: G31249108<br>LEI: 549300BCBQ714JNJ7V58 | Short            | EC               | CORP              | VG        |    -94144 | NS      | $-6405557.76  | -0.48%            |  |  |  | No            | 1                  | On Loan: No      |
| Dutch Bros Inc                                                     | DUTCH BROS INC-A                     | CUSIP: 26701L100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -302909 | NS      | $-11543861.99 | -0.87%            |  |  |  | No            | 1                  | On Loan: No      |
| Colliers International Group Inc                                   | COLLIERS INTERNATIONAL GR            | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Short            | EC               | CORP              | US        |    -49014 | NS      | $-5257241.64  | -0.40%            |  |  |  | No            | 1                  | On Loan: No      |
| Tractor Supply Co                                                  | TRACTOR SUPPLY                       | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Short            | EC               | CORP              | US        |    -62706 | NS      | $-14296340.94 | -1.08%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                | SPY US 03/17/23 P365                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      2851 | NC      | $461862.00    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** NORTHERN LIGHTS FUND TRUST II

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer