# EDGAR Filing Document

**Accession Number:** 0001323737
**File Stem:** 0001410368-25-010121
**Filing Date:** 2025-9
**Character Count:** 191955
**Document Hash:** 4c1d37148749d168109c971e3db8ecb7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010121.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010121

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Managed Account Series
- **CENTRAL INDEX KEY:** 0001323737

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0412

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21763
- **FILM NUMBER:** 251338591

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### BlackRock GA Dynamic Equity Fund (Series ID: S000057852)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000186832 | Class K       |  |
| C000206474 | Institutional |  |

## Nport-Ex

July 31, 2025

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

**BlackRock GA Dynamic Equity Fund**<br>

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

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Consolidated Schedule of Investments (unaudited)

July 31, 2025

**BlackRock GA Dynamic Equity Fund** 

**(Percentages shown are based on Net Assets)**

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

---

| | | |
|:---|:---|:---|
| *Security* | <br>*Shares*<br>| *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Canada — 0.9%** | **Canada — 0.9%** |  |
| Cameco Corp. | 140240 | &nbsp;&nbsp; $10508183 |
| Suncor Energy, Inc. | 158029 | &nbsp;&nbsp; 6233274 |
|  |  | &nbsp;&nbsp; 16741457 |
| **China — 0.9%** | **China — 0.9%** |  |
| BYD Co. Ltd., ADR | 373762 | &nbsp;&nbsp; 5475613 |
| Tencent Holdings Ltd. | 3424 | &nbsp;&nbsp; 239722 |
| Tencent Holdings Ltd., ADR | 171712 | &nbsp;&nbsp; 12031860 |
|  |  | &nbsp;&nbsp; 17747195 |
| **Denmark — 0.6%** | **Denmark — 0.6%** |  |
| DSV A/S, ADR | 70228 | &nbsp;&nbsp; 7888711 |
| Novo Nordisk A/S, Class B, ADR | 75951 | &nbsp;&nbsp; 3575014 |
|  |  | &nbsp;&nbsp; 11463725 |
| **France — 2.3%** | **France — 2.3%** |  |
| Cie de Saint-Gobain SA, ADR | 489036 | &nbsp;&nbsp; 11194034 |
| EssilorLuxottica SA, ADR | 102974 | &nbsp;&nbsp; 15333405 |
| Hermes International SCA, ADR | 65196 | &nbsp;&nbsp; 15993883 |
|  |  | &nbsp;&nbsp; 42521322 |
| **Germany — 0.8%** | **Germany — 0.8%** |  |
| SAP SE, ADR | 53137 | &nbsp;&nbsp; 15234378 |
| **Italy — 2.2%** | **Italy — 2.2%** |  |
| Intesa Sanpaolo SpA, ADR | 582202 | &nbsp;&nbsp; 21151398 |
| UniCredit SpA, ADR | 561712 | &nbsp;&nbsp; 20637299 |
|  |  | &nbsp;&nbsp; 41788697 |
| **Netherlands — 0.7%** | **Netherlands — 0.7%** |  |
| ASML Holding NV, ADR, Registered Shares | 19676 | &nbsp;&nbsp; 13669114 |
| **Taiwan — 0.6%** | **Taiwan — 0.6%** |  |
| Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 44929 | &nbsp;&nbsp; 10855745 |
| **United Arab Emirates — 0.0%** | **United Arab Emirates — 0.0%** |  |
| NMC Health PLC<sup>(a)(b)</sup> | 504 | &nbsp;&nbsp; — |
| **United Kingdom — 4.4%** | **United Kingdom — 4.4%** |  |
| BAE Systems PLC, ADR | 231206 | &nbsp;&nbsp; 22106761 |
| Compass Group PLC, ADR | 465670 | &nbsp;&nbsp; 16358987 |
| Flutter Entertainment PLC<sup>(b)</sup> | 23426 | &nbsp;&nbsp; 7080743 |
| National Grid PLC, ADR | 241051 | &nbsp;&nbsp; 16967580 |
| RELX PLC, ADR | 388483 | &nbsp;&nbsp; 20158383 |
|  |  | &nbsp;&nbsp; 82672454 |
| **United States — 69.9%** | **United States — 69.9%** |  |
| Air Products and Chemicals, Inc. | 23713 | &nbsp;&nbsp; 6826498 |
| Alphabet, Inc., Class C | 282109 | &nbsp;&nbsp; 54407542 |
| Amazon.com, Inc.<sup>(b)(c)</sup> | 322640 | &nbsp;&nbsp; 75533250 |
| Apollo Global Management, Inc. | 65254 | &nbsp;&nbsp; 9482711 |
| Apple, Inc.<sup>(c)</sup> | 263365 | &nbsp;&nbsp; 54666673 |
| Autodesk, Inc.<sup>(b)</sup> | 36369 | &nbsp;&nbsp; 11023808 |
| Bank of America Corp. | 638024 | &nbsp;&nbsp; 30159394 |
| Boeing Co.<sup>(b)</sup> | 104501 | &nbsp;&nbsp; 23182502 |
| Boston Scientific Corp.<sup>(b)</sup> | 198632 | &nbsp;&nbsp; 20840469 |
| Broadcom, Inc. | 136730 | &nbsp;&nbsp; 40157601 |
| Capital One Financial Corp. | 126953 | &nbsp;&nbsp; 27294895 |
| Chevron Corp. | 98021 | &nbsp;&nbsp; 14863904 |
| Cisco Systems, Inc. | 252638 | &nbsp;&nbsp; 17199595 |
| Citigroup, Inc. | 257306 | &nbsp;&nbsp; 24109572 |
| Coinbase Global, Inc., Class A<sup>(b)</sup> | 2285 | &nbsp;&nbsp; 863182 |
| Confluent, Inc., Class A<sup>(b)</sup> | 342690 | &nbsp;&nbsp; 6074180 |
| Costco Wholesale Corp. | 26032 | &nbsp;&nbsp; 24460708 |
| CRH PLC | 112113 | &nbsp;&nbsp; 10701186 |
| CyberArk Software Ltd.<sup>(b)</sup> | 9213 | &nbsp;&nbsp; 3790873 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **United States (continued)** | **United States (continued)** |  |
| D.R. Horton, Inc. | 32125 | &nbsp;&nbsp; $4588735 |
| Delta Air Lines, Inc. | 146053 | &nbsp;&nbsp; 7771480 |
| Eli Lilly & Co. | 42367 | &nbsp;&nbsp; 31354546 |
| EQT Corp. | 174644 | &nbsp;&nbsp; 9387115 |
| Figma, Inc., Class A<sup>(b)</sup> | 6696 | &nbsp;&nbsp; 773388 |
| Fiserv, Inc.<sup>(b)</sup> | 79746 | &nbsp;&nbsp; 11079909 |
| Freeport-McMoRan, Inc. | 277282 | &nbsp;&nbsp; 11157828 |
| Hilton Worldwide Holdings, Inc. | 24422 | &nbsp;&nbsp; 6547050 |
| Home Depot, Inc. | 61667 | &nbsp;&nbsp; 22663239 |
| Intuit, Inc. | 14222 | &nbsp;&nbsp; 11166119 |
| Intuitive Surgical, Inc.<sup>(b)</sup> | 26078 | &nbsp;&nbsp; 12545865 |
| JPMorgan Chase & Co. | 115538 | &nbsp;&nbsp; 34226977 |
| Live Nation Entertainment, Inc.<sup>(b)</sup> | 83525 | &nbsp;&nbsp; 12336643 |
| Marsh & McLennan Cos., Inc. | 67889 | &nbsp;&nbsp; 13523489 |
| Mastercard, Inc., Class A | 30965 | &nbsp;&nbsp; 17540744 |
| McKesson Corp. | 25079 | &nbsp;&nbsp; 17393290 |
| Medtronic PLC | 169699 | &nbsp;&nbsp; 15313638 |
| Meta Platforms, Inc., Class A | 69260 | &nbsp;&nbsp; 53568454 |
| Micron Technology, Inc. | 123130 | &nbsp;&nbsp; 13438408 |
| Microsoft Corp. | 175655 | &nbsp;&nbsp; 93711942 |
| Netflix, Inc.<sup>(b)</sup> | 11123 | &nbsp;&nbsp; 12896006 |
| NextEra Energy, Inc. | 239348 | &nbsp;&nbsp; 17008069 |
| NVIDIA Corp. | 571854 | &nbsp;&nbsp; 101715672 |
| Oracle Corp. | 117760 | &nbsp;&nbsp; 29883955 |
| Palantir Technologies, Inc., Class A<sup>(b)</sup> | 20122 | &nbsp;&nbsp; 3186319 |
| Progressive Corp. | 84547 | &nbsp;&nbsp; 20463756 |
| Salesforce, Inc. | 75929 | &nbsp;&nbsp; 19614739 |
| Sanofi SA, ADR | 174856 | &nbsp;&nbsp; 7980428 |
| ServiceTitan, Inc., Class A<sup>(b)</sup> | 58957 | &nbsp;&nbsp; 6880871 |
| Shell PLC, ADR | 299985 | &nbsp;&nbsp; 21661917 |
| Stryker Corp. | 50755 | &nbsp;&nbsp; 19933011 |
| Tesla, Inc.<sup>(b)</sup> | 53602 | &nbsp;&nbsp; 16523889 |
| TJX Cos., Inc. | 144026 | &nbsp;&nbsp; 17935558 |
| Trane Technologies PLC | 40387 | &nbsp;&nbsp; 17692737 |
| TransDigm Group, Inc. | 14970 | &nbsp;&nbsp; 24078646 |
| Union Pacific Corp. | 63179 | &nbsp;&nbsp; 14023843 |
| United Airlines Holdings, Inc.<sup>(b)</sup> | 33386 | &nbsp;&nbsp; 2948318 |
| Valero Energy Corp. | 48071 | &nbsp;&nbsp; 6600629 |
| Vertiv Holdings Co., Class A | 89612 | &nbsp;&nbsp; 13047507 |
| Vistra Corp. | 75519 | &nbsp;&nbsp; 15748732 |
| Walmart, Inc. | 274399 | &nbsp;&nbsp; 26885614 |
| Walt Disney Co. | 110842 | &nbsp;&nbsp; 13202391 |
| Wells Fargo & Co. | 284444 | &nbsp;&nbsp; 22934720 |
| Williams Cos., Inc. | 210616 | &nbsp;&nbsp; 12626429 |
|  |  | &nbsp;&nbsp; 1321201158 |
| **Total Common Stocks — 83.3%** <br>**(Cost: $1,299,563,710)** | **Total Common Stocks — 83.3%** <br>**(Cost: $1,299,563,710)** | &nbsp;&nbsp; 1573895245 |
| **Investment Companies** | **Investment Companies** | **Investment Companies** |
| **United States — 1.9%** | **United States — 1.9%** |  |
| iShares China Large-Cap ETF<sup>(d)</sup> | 144698 | &nbsp;&nbsp; 5417493 |
| iShares Core S&P Small-Cap ETF<sup>(d)</sup> | 4169 | &nbsp;&nbsp; 459757 |
| iShares MSCI China ETF<sup>(d)</sup> | 19824 | &nbsp;&nbsp; 1138492 |
| KraneShares CSI China Internet ETF | 86016 | &nbsp;&nbsp; 3048407 |
| SPDR Gold Shares<sup>(b)(e)</sup> | 79366 | &nbsp;&nbsp; 24044724 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**BlackRock GA Dynamic Equity Fund** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **United States (continued)** | **United States (continued)** |  |
| SPDR S&P Homebuilders ETF | 4163 | &nbsp;&nbsp; $424251 |
| SPDR S&P Regional Banking ETF | 9865 | &nbsp;&nbsp; 592492 |
| **Total Investment Companies — 1.9%** <br>**(Cost: $33,099,311)** | **Total Investment Companies — 1.9%** <br>**(Cost: $33,099,311)** | &nbsp;&nbsp; 35125616 |
| **Total Long-Term Investments — 85.2%** <br>**(Cost: $1,332,663,021)** | **Total Long-Term Investments — 85.2%** <br>**(Cost: $1,332,663,021)** | &nbsp;&nbsp; 1609020861 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 14.7%** | **Money Market Funds — 14.7%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional <br> Shares, 4.20%<sup>(d)(f)</sup><br>| 276990371 | &nbsp;&nbsp; 276990371 |
| **Total Short-Term Securities — 14.7%** <br>**(Cost: $276,990,371)** | **Total Short-Term Securities — 14.7%** <br>**(Cost: $276,990,371)** | &nbsp;&nbsp; 276990371 |
| **Options Purchased — 0.1%** <br>**(Cost: $6,406,476)** | **Options Purchased — 0.1%** <br>**(Cost: $6,406,476)** | &nbsp;&nbsp; 2036397 |
| **Total Investments Before Options Written — 100.0%** <br>**(Cost: $1,616,059,868)** | **Total Investments Before Options Written — 100.0%** <br>**(Cost: $1,616,059,868)** | &nbsp;&nbsp; 1888047629 |
| **Options Written — (0.4)%** <br>**(Premiums Received: $(4648718))** | **Options Written — (0.4)%** <br>**(Premiums Received: $(4648718))** | &nbsp;&nbsp; (6404923)<br>|
| **Total Investments, Net of Options Written — 99.6%** <br>**(Cost: $1,611,411,150)** | **Total Investments, Net of Options Written — 99.6%** <br>**(Cost: $1,611,411,150)** | &nbsp;&nbsp; 1881642706 |
| **Other Assets Less Liabilities — 0.4%** | **Other Assets Less Liabilities — 0.4%** | &nbsp;&nbsp; 7389273 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $1889031979 |

---

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

<sup>(a)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

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

<sup>(c)</sup> All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written. 

<sup>(d)</sup> Affiliate of the Fund.

<sup>(e)</sup> All or a portion of the security is held by a wholly-owned subsidiary.

<sup>(f)</sup> Annualized 7-day yield as of period end.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*04/30/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional <br> Shares<br>| $229882821 | $47107550 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $— | $276990371 | 276990371 | $3870333 | $— |
| iShares China Large-Cap ETF | 2765955 | 6908430 | &nbsp;&nbsp; (4529167)<br>| 20408 | 251867 | 5417493 | 144698 | 41564 |  |
| iShares Core S&P Small-Cap ETF | 417442 |  | &nbsp;&nbsp; — |  | 42315 | 459757 | 4169 | 1619 |  |
| iShares MSCI China ETF | 1024108 |  | &nbsp;&nbsp; — |  | 114384 | 1138492 | 19824 | 10617 |  |
|  |  |  |  | $20408 | $408566 | $284006113 |  | $3924133 | $— |

---

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

<sup>(a)</sup> Represents net amount purchased (sold).

**Derivative Financial Instruments Outstanding as of Period End**

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)*<br>| &nbsp;&nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; NSE IFSC Nifty 50 Index | &nbsp;&nbsp; 91 | &nbsp;&nbsp;&nbsp;&nbsp; 08/28/25 | &nbsp;&nbsp;&nbsp;&nbsp; $4499 | &nbsp;&nbsp;&nbsp;&nbsp; $(40195)<br>|
| &nbsp;&nbsp;&nbsp; Nikkei 225 Index | &nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp;&nbsp; 09/11/25 | &nbsp;&nbsp;&nbsp;&nbsp; 13510 | &nbsp;&nbsp;&nbsp;&nbsp; 887268 |
| &nbsp;&nbsp;&nbsp; S&P/TSE 60 Index | &nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 09/18/25 | &nbsp;&nbsp;&nbsp;&nbsp; 936 | &nbsp;&nbsp;&nbsp;&nbsp; 24355 |
| &nbsp;&nbsp;&nbsp; E-mini Russell 2000 Index | &nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 5551 | &nbsp;&nbsp;&nbsp;&nbsp; 254475 |
| &nbsp;&nbsp;&nbsp; Euro Stoxx 50 Index | &nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 5850 | &nbsp;&nbsp;&nbsp;&nbsp; 47987 |

---

Consolidated Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**BlackRock GA Dynamic Equity Fund** 

**Futures Contracts (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of*<br> *Contracts*<br>| &nbsp;&nbsp;&nbsp; *Expiration*<br> *Date*<br>| &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)*<br>| &nbsp;&nbsp;&nbsp; *Value/*<br> *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Euro Stoxx Banks Index | &nbsp;&nbsp; 496 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; $6219 | &nbsp;&nbsp;&nbsp;&nbsp; $543424 |
| &nbsp;&nbsp;&nbsp; S&P 500 E-Mini Index | &nbsp;&nbsp; 325 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 103582 | &nbsp;&nbsp;&nbsp;&nbsp; 2859346 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4576660 |
| Short Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CAC 40 Index | &nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1594 | &nbsp;&nbsp;&nbsp;&nbsp; 13155 |
| &nbsp;&nbsp;&nbsp; SPI 200 Index | &nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 09/18/25 | &nbsp;&nbsp;&nbsp;&nbsp; 559 | &nbsp;&nbsp;&nbsp;&nbsp; (11960)<br>|
| &nbsp;&nbsp;&nbsp; NASDAQ 100 E-Mini Index | &nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 6075 | &nbsp;&nbsp;&nbsp;&nbsp; (322902)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (321707)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $4254953 |

---

**Forward Foreign Currency Exchange Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| CHF | 33670272 | USD | 41422084 | Royal Bank of Canada | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $254972 |
| USD | 3154516 | CNY | 22509046 | Barclays Bank PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7900 |
| USD | 3162888 | DKK | 20511224 | Citibank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16422 |
| USD | 282456 | EUR | 244227 | Deutsche Bank AG | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2932 |
| USD | 326759 | EUR | 278457 | Deutsche Bank AG | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8057 |
| USD | 2598163 | EUR | 2228000 | Morgan Stanley & Co. International PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48156 |
| USD | 2040816 | EUR | 1742400 | UBS AG | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46591 |
| USD | 2084469 | GBP | 1564300 | Citibank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17690 |
| USD | 4732476 | GBP | 3488544 | JPMorgan Chase Bank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123355 |
| USD | 7461872 | GBP | 5530500 | JPMorgan Chase Bank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154886 |
| USD | 18392327 | GBP | 13610829 | UBS AG | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409480 |
| USD | 9248778 | HKD | 72074342 | UBS AG | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31132 |
| USD | 230930 | JPY | 33669330 | UBS AG | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6562 |
| USD | 332570 | JPY | 49186333 | Wells Fargo Bank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4799 |
| USD | 118304 | KRW | 160716110 | Morgan Stanley & Co. International PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2847 |
| USD | 2399740 | TWD | 68150700 | HSBC Bank PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113437 |
| USD | 7534607 | TWD | 221347918 | Morgan Stanley & Co. International PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108882 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1358100 |
| AUD | 3881400 | USD | 2553068 | BNP Paribas SA | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (56685)<br>|
| AUD | 43728374 | USD | 28558371 | Royal Bank of Canada | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (433782)<br>|
| CAD | 2719000 | USD | 2008208 | Citibank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (41373)<br>|
| CAD | 2567100 | USD | 1901592 | Royal Bank of Canada | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (44636)<br>|
| CAD | 73017343 | USD | 53624637 | Societe Generale | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (806284)<br>|
| CAD | 2549400 | USD | 1870480 | Wells Fargo Bank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26328)<br>|
| CNY | 22268400 | USD | 3123233 | Wells Fargo Bank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10258)<br>|
| EUR | 228082 | USD | 266589 | Barclays Bank PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5543)<br>|
| EUR | 340925 | USD | 390988 | Barclays Bank PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (789)<br>|
| EUR | 14158382 | USD | 16469162 | Barclays Bank PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (264501)<br>|
| EUR | 166473 | USD | 194532 | Canadian Imperial Bank of Commerce | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3999)<br>|
| EUR | 217229 | USD | 255719 | Citibank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7095)<br>|
| EUR | 267073 | USD | 314330 | HSBC Bank PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8657)<br>|
| EUR | 227833 | USD | 267466 | JPMorgan Chase Bank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6705)<br>|
| EUR | 24901477 | USD | 28618418 | Royal Bank of Canada | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (117987)<br>|
| EUR | 3866800 | USD | 4569678 | Societe Generale | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (144018)<br>|
| GBP | 1266600 | USD | 1723236 | Barclays Bank PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (49783)<br>|
| GBP | 1466600 | USD | 2002802 | BNP Paribas SA | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (65107)<br>|
| GBP | 433185 | USD | 582557 | HSBC Bank PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10226)<br>|
| ILS | 10427500 | USD | 3111997 | Goldman Sachs International | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (41482)<br>|
| JPY | 33051527 | USD | 229034 | BNP Paribas SA | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8783)<br>|
| JPY | 84168539 | USD | 577562 | BNP Paribas SA | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16676)<br>|
| JPY | 13049271395 | USD | 91012304 | BNP Paribas SA | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4053956)<br>|
| JPY | 32201307 | USD | 219187 | Deutsche Bank AG | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4602)<br>|

---

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**BlackRock GA Dynamic Equity Fund** 

**Forward Foreign Currency Exchange Contracts (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| JPY | 27046452 | USD | 184665 | HSBC Bank PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(4432)<br>|
| JPY | 28445890 | USD | 198026 | HSBC Bank PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8467)<br>|
| JPY | 28879075 | USD | 202040 | HSBC Bank PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9594)<br>|
| JPY | 33164189 | USD | 231578 | HSBC Bank PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10576)<br>|
| JPY | 29227661 | USD | 204217 | JPMorgan Chase Bank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9448)<br>|
| JPY | 658727300 | USD | 4586799 | JPMorgan Chase Bank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (197141)<br>|
| JPY | 688855123 | USD | 4732245 | JPMorgan Chase Bank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (141820)<br>|
| NOK | 23540400 | USD | 2329257 | Barclays Bank PLC | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (51695)<br>|
| SEK | 122626292 | USD | 12836749 | Royal Bank of Canada | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (274585)<br>|
| SGD | 2339300 | USD | 1838261 | Canadian Imperial Bank of Commerce | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (30486)<br>|
| SGD | 7340300 | USD | 5738941 | JPMorgan Chase Bank N.A. | 09/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (66468)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7033967)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(5675867)<br>|

---

**Exchange-Traded Options Purchased** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| *Exercise Price* | *Exercise Price* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* |
| Call  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; NVIDIA Corp. | &nbsp;&nbsp; 340 | &nbsp;&nbsp;&nbsp;&nbsp; 08/01/25 | USD | 180.00 | USD | 6048 | &nbsp;&nbsp;&nbsp;&nbsp; $26180 |
| &nbsp;&nbsp;&nbsp; SPDR S&P 500 ETF Trust | &nbsp;&nbsp; 1495 | &nbsp;&nbsp;&nbsp;&nbsp; 08/01/25 | USD | 643.00 | USD | 94496 | &nbsp;&nbsp;&nbsp;&nbsp; 12707 |
| &nbsp;&nbsp;&nbsp; SPDR S&P Retail ETF | &nbsp;&nbsp; 280 | &nbsp;&nbsp;&nbsp;&nbsp; 08/01/25 | USD | 83.00 | USD | 2197 | &nbsp;&nbsp;&nbsp;&nbsp; 70140 |
| &nbsp;&nbsp;&nbsp; SPDR S&P Retail ETF | &nbsp;&nbsp; 280 | &nbsp;&nbsp;&nbsp;&nbsp; 08/01/25 | USD | 82.50 | USD | 2197 | &nbsp;&nbsp;&nbsp;&nbsp; 96600 |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp; 200 | &nbsp;&nbsp;&nbsp;&nbsp; 08/08/25 | USD | 215.00 | USD | 4151 | &nbsp;&nbsp;&nbsp;&nbsp; 55700 |
| &nbsp;&nbsp;&nbsp; SPDR S&P 500 ETF Trust | &nbsp;&nbsp; 399 | &nbsp;&nbsp;&nbsp;&nbsp; 08/08/25 | USD | 645.00 | USD | 25220 | &nbsp;&nbsp;&nbsp;&nbsp; 20149 |
| &nbsp;&nbsp;&nbsp; SPDR S&P 500 ETF Trust | &nbsp;&nbsp; 1317 | &nbsp;&nbsp;&nbsp;&nbsp; 08/08/25 | USD | 640.00 | USD | 83245 | &nbsp;&nbsp;&nbsp;&nbsp; 198208 |
| &nbsp;&nbsp;&nbsp; SPDR S&P Regional Banking ETF | &nbsp;&nbsp; 1121 | &nbsp;&nbsp;&nbsp;&nbsp; 08/08/25 | USD | 65.00 | USD | 6733 | &nbsp;&nbsp;&nbsp;&nbsp; 6726 |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 190.00 | USD | 617 | &nbsp;&nbsp;&nbsp;&nbsp; 20720 |
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc. | &nbsp;&nbsp; 36 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 230.00 | USD | 843 | &nbsp;&nbsp;&nbsp;&nbsp; 38700 |
| &nbsp;&nbsp;&nbsp; Apollo Global Management, Inc. | &nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 160.00 | USD | 145 | &nbsp;&nbsp;&nbsp;&nbsp; 1100 |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp; 161 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 220.00 | USD | 3342 | &nbsp;&nbsp;&nbsp;&nbsp; 33246 |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 215.00 | USD | 706 | &nbsp;&nbsp;&nbsp;&nbsp; 11390 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. | &nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 48.00 | USD | 317 | &nbsp;&nbsp;&nbsp;&nbsp; 3853 |
| &nbsp;&nbsp;&nbsp; Boeing Co. | &nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 240.00 | USD | 333 | &nbsp;&nbsp;&nbsp;&nbsp; 1035 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | &nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 290.00 | USD | 470 | &nbsp;&nbsp;&nbsp;&nbsp; 18520 |
| &nbsp;&nbsp;&nbsp; Cameco Corp. | &nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 80.00 | USD | 165 | &nbsp;&nbsp;&nbsp;&nbsp; 1650 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp. | &nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 230.00 | USD | 366 | &nbsp;&nbsp;&nbsp;&nbsp; 1190 |
| &nbsp;&nbsp;&nbsp; Chevron Corp. | &nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 155.00 | USD | 121 | &nbsp;&nbsp;&nbsp;&nbsp; 1448 |
| &nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | &nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 70.00 | USD | 204 | &nbsp;&nbsp;&nbsp;&nbsp; 3525 |
| &nbsp;&nbsp;&nbsp; Costco Wholesale Corp. | &nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 975.00 | USD | 282 | &nbsp;&nbsp;&nbsp;&nbsp; 1298 |
| &nbsp;&nbsp;&nbsp; CyberArk Software, Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 390.00 | USD | 165 | &nbsp;&nbsp;&nbsp;&nbsp; 10240 |
| &nbsp;&nbsp;&nbsp; D.R. Horton, Inc. | &nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 135.00 | USD | 71 | &nbsp;&nbsp;&nbsp;&nbsp; 4500 |
| &nbsp;&nbsp;&nbsp; EQT Corp. | &nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 60.00 | USD | 140 | &nbsp;&nbsp;&nbsp;&nbsp; 429 |
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | &nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 45.00 | USD | 129 | &nbsp;&nbsp;&nbsp;&nbsp; 432 |
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 280.00 | USD | 80 | &nbsp;&nbsp;&nbsp;&nbsp; 338 |
| &nbsp;&nbsp;&nbsp; Home Depot, Inc. | &nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 365.00 | USD | 257 | &nbsp;&nbsp;&nbsp;&nbsp; 6195 |
| &nbsp;&nbsp;&nbsp; Intuit, Inc. | &nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 770.00 | USD | 157 | &nbsp;&nbsp;&nbsp;&nbsp; 4770 |
| &nbsp;&nbsp;&nbsp; Intuitive Surgical, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 530.00 | USD | 144 | &nbsp;&nbsp;&nbsp;&nbsp; 165 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. | &nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 295.00 | USD | 326 | &nbsp;&nbsp;&nbsp;&nbsp; 6573 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc. | &nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 155.00 | USD | 162 | &nbsp;&nbsp;&nbsp;&nbsp; 2695 |
| &nbsp;&nbsp;&nbsp; Mastercard, Inc., Class A | &nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 565.00 | USD | 227 | &nbsp;&nbsp;&nbsp;&nbsp; 4290 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., Class A | &nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 715.00 | USD | 464 | &nbsp;&nbsp;&nbsp;&nbsp; 37590 |
| &nbsp;&nbsp;&nbsp; Micron Technology, Inc. | &nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 115.00 | USD | 153 | &nbsp;&nbsp;&nbsp;&nbsp; 2450 |
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 530.00 | USD | 1067 | &nbsp;&nbsp;&nbsp;&nbsp; 22300 |
| &nbsp;&nbsp;&nbsp; NVIDIA Corp. | &nbsp;&nbsp; 59 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 180.00 | USD | 1049 | &nbsp;&nbsp;&nbsp;&nbsp; 24927 |
| &nbsp;&nbsp;&nbsp; Progressive Corp. | &nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 250.00 | USD | 266 | &nbsp;&nbsp;&nbsp;&nbsp; 1898 |
| &nbsp;&nbsp;&nbsp; Salesforce, Inc. | &nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 270.00 | USD | 258 | &nbsp;&nbsp;&nbsp;&nbsp; 2070 |
| &nbsp;&nbsp;&nbsp; SPDR Gold Shares<sup>(a)</sup> | &nbsp;&nbsp; 487 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 310.00 | USD | 14754 | &nbsp;&nbsp;&nbsp;&nbsp; 70371 |
| &nbsp;&nbsp;&nbsp; SPDR Gold Shares<sup>(a)</sup> | &nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 320.00 | USD | 30296 | &nbsp;&nbsp;&nbsp;&nbsp; 27500 |
| &nbsp;&nbsp;&nbsp; SPDR Gold Shares<sup>(a)</sup> | &nbsp;&nbsp; 462 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 315.00 | USD | 13997 | &nbsp;&nbsp;&nbsp;&nbsp; 29106 |

---

Consolidated Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**BlackRock GA Dynamic Equity Fund** 

**Exchange-Traded Options Purchased (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Number of*<br> *Contracts*<br>| &nbsp;&nbsp; *Expiration*<br> *Date*<br>| *Exercise Price* | *Exercise Price* | &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)* | *Value* |
| Call (continued) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; SPDR S&P Regional Banking ETF | &nbsp;&nbsp; 444 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 64.00 | USD | 2667 | &nbsp;&nbsp;&nbsp;&nbsp; $8880 |
| &nbsp;&nbsp;&nbsp; Stryker Corp. | &nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 400.00 | USD | 275 | &nbsp;&nbsp;&nbsp;&nbsp; 5250 |
| &nbsp;&nbsp;&nbsp; Tesla, Inc. | &nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 340.00 | USD | 586 | &nbsp;&nbsp;&nbsp;&nbsp; 5092 |
| &nbsp;&nbsp;&nbsp; TJX Cos., Inc. | &nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 125.00 | USD | 237 | &nbsp;&nbsp;&nbsp;&nbsp; 3211 |
| &nbsp;&nbsp;&nbsp; Trane Technologies PLC | &nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 460.00 | USD | 307 | &nbsp;&nbsp;&nbsp;&nbsp; 1033 |
| &nbsp;&nbsp;&nbsp; Valero Energy Corp. | &nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 150.00 | USD | 69 | &nbsp;&nbsp;&nbsp;&nbsp; 183 |
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co. | &nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 140.00 | USD | 204 | &nbsp;&nbsp;&nbsp;&nbsp; 12775 |
| &nbsp;&nbsp;&nbsp; Vista Energy Corp. | &nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 190.00 | USD | 209 | &nbsp;&nbsp;&nbsp;&nbsp; 22750 |
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | &nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 97.50 | USD | 392 | &nbsp;&nbsp;&nbsp;&nbsp; 7980 |
| &nbsp;&nbsp;&nbsp; Walt Disney Co. | &nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 125.00 | USD | 143 | &nbsp;&nbsp;&nbsp;&nbsp; 2250 |
| &nbsp;&nbsp;&nbsp; Williams Cos., Inc. | &nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 60.00 | USD | 174 | &nbsp;&nbsp;&nbsp;&nbsp; 4713 |
| &nbsp;&nbsp;&nbsp; iShares Russell 2000 ETF | &nbsp;&nbsp; 367 | &nbsp;&nbsp;&nbsp;&nbsp; 08/29/25 | USD | 230.00 | USD | 8052 | &nbsp;&nbsp;&nbsp;&nbsp; 65876 |
| &nbsp;&nbsp;&nbsp; iShares China Large-Cap ETF | &nbsp;&nbsp; 2204 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 40.00 | USD | 8252 | &nbsp;&nbsp;&nbsp;&nbsp; 121220 |
| &nbsp;&nbsp;&nbsp; iShares Russell 2000 ETF | &nbsp;&nbsp; 816 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 230.00 | USD | 17902 | &nbsp;&nbsp;&nbsp;&nbsp; 249288 |
| &nbsp;&nbsp;&nbsp; SPDR Gold Shares<sup>(a)</sup> | &nbsp;&nbsp; 704 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 325.00 | USD | 21328 | &nbsp;&nbsp;&nbsp;&nbsp; 92224 |
| &nbsp;&nbsp;&nbsp; SPDR S&P Regional Banking ETF | &nbsp;&nbsp; 362 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 64.00 | USD | 2174 | &nbsp;&nbsp;&nbsp;&nbsp; 38372 |
| &nbsp;&nbsp;&nbsp; SPDR S&P Regional Banking ETF | &nbsp;&nbsp; 895 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 66.00 | USD | 5375 | &nbsp;&nbsp;&nbsp;&nbsp; 48777 |
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | &nbsp;&nbsp; 251 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 100.00 | USD | 2459 | &nbsp;&nbsp;&nbsp;&nbsp; 70782 |
| &nbsp;&nbsp;&nbsp; ASML Holding N.V., ADR | &nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 840.00 | USD | 3126 | &nbsp;&nbsp;&nbsp;&nbsp; 32625 |
| &nbsp;&nbsp;&nbsp; Euro Stoxx Banks | &nbsp;&nbsp; 420 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | EUR | 225.00 | EUR | 4614 | &nbsp;&nbsp;&nbsp;&nbsp; 145589 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. | &nbsp;&nbsp; 339 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 85.00 | USD | 2733 | &nbsp;&nbsp;&nbsp;&nbsp; 71529 |
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1893323 |
| Put  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; InvesCo QQQ Trust, Series 1 | &nbsp;&nbsp; 1142 | &nbsp;&nbsp;&nbsp;&nbsp; 08/01/25 | USD | 540.00 | USD | 64524 | &nbsp;&nbsp;&nbsp;&nbsp; 7423 |
| &nbsp;&nbsp;&nbsp; InvesCo QQQ Trust, Series 1 | &nbsp;&nbsp; 414 | &nbsp;&nbsp;&nbsp;&nbsp; 08/08/25 | USD | 545.00 | USD | 23391 | &nbsp;&nbsp;&nbsp;&nbsp; 43884 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc. | &nbsp;&nbsp; 169 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 145.00 | USD | 2496 | &nbsp;&nbsp;&nbsp;&nbsp; 73515 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | &nbsp;&nbsp; 312 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 190.00 | USD | 7918 | &nbsp;&nbsp;&nbsp;&nbsp; 5772 |
| &nbsp;&nbsp;&nbsp; Dollar Tree, Inc. | &nbsp;&nbsp; 416 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 85.00 | USD | 4724 | &nbsp;&nbsp;&nbsp;&nbsp; 12480 |
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 143074 |
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $2036397 |

---

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

<sup>(a)</sup> All or a portion of the security is held by a wholly-owned subsidiary.

**Exchange-Traded Options Written** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| *Exercise Price* | *Exercise Price* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* |
| Call  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; SPDR S&P 500 ETF Trust | &nbsp;&nbsp; 1317 | &nbsp;&nbsp;&nbsp;&nbsp; 08/08/25 | USD | 650.00 | USD | 83245 | &nbsp;&nbsp;&nbsp;&nbsp; $(16463)<br>|
| &nbsp;&nbsp;&nbsp; SPDR S&P Regional Banking ETF | &nbsp;&nbsp; 1121 | &nbsp;&nbsp;&nbsp;&nbsp; 08/08/25 | USD | 68.00 | USD | 6733 | &nbsp;&nbsp;&nbsp;&nbsp; (238773)<br>|
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 99 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 200.00 | USD | 1909 | &nbsp;&nbsp;&nbsp;&nbsp; (19552)<br>|
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp; 230 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 230.00 | USD | 4774 | &nbsp;&nbsp;&nbsp;&nbsp; (15640)<br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp. | &nbsp;&nbsp; 556 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 50.00 | USD | 2628 | &nbsp;&nbsp;&nbsp;&nbsp; (7228)<br>|
| &nbsp;&nbsp;&nbsp; CyberArk Software, Ltd. | &nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 460.00 | USD | 288 | &nbsp;&nbsp;&nbsp;&nbsp; (1505)<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. | &nbsp;&nbsp; 122 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 290.00 | USD | 3614 | &nbsp;&nbsp;&nbsp;&nbsp; (114375)<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., Class A | &nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 780.00 | USD | 4022 | &nbsp;&nbsp;&nbsp;&nbsp; (75790)<br>|
| &nbsp;&nbsp;&nbsp; Micron Technology, Inc. | &nbsp;&nbsp; 58 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 125.00 | USD | 633 | &nbsp;&nbsp;&nbsp;&nbsp; (2291)<br>|
| &nbsp;&nbsp;&nbsp; NVIDIA Corp. | &nbsp;&nbsp; 219 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 165.00 | USD | 3895 | &nbsp;&nbsp;&nbsp;&nbsp; (313717)<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp. | &nbsp;&nbsp; 106 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 200.00 | USD | 2690 | &nbsp;&nbsp;&nbsp;&nbsp; (571605)<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp. | &nbsp;&nbsp; 312 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 220.00 | USD | 7918 | &nbsp;&nbsp;&nbsp;&nbsp; (1083420)<br>|
| &nbsp;&nbsp;&nbsp; SPDR Gold Shares<sup>(a)</sup> | &nbsp;&nbsp; 487 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 325.00 | USD | 14754 | &nbsp;&nbsp;&nbsp;&nbsp; (7305)<br>|
| &nbsp;&nbsp;&nbsp; SPDR Gold Shares<sup>(a)</sup> | &nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 340.00 | USD | 30296 | &nbsp;&nbsp;&nbsp;&nbsp; (5000)<br>|
| &nbsp;&nbsp;&nbsp; SPDR Gold Shares<sup>(a)</sup> | &nbsp;&nbsp; 462 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 335.00 | USD | 13997 | &nbsp;&nbsp;&nbsp;&nbsp; (3234)<br>|
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co. | &nbsp;&nbsp; 59 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 145.00 | USD | 859 | &nbsp;&nbsp;&nbsp;&nbsp; (37170)<br>|
| &nbsp;&nbsp;&nbsp; Vista Energy Corp. | &nbsp;&nbsp; 33 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 210.00 | USD | 688 | &nbsp;&nbsp;&nbsp;&nbsp; (34237)<br>|
| &nbsp;&nbsp;&nbsp; Walt Disney Co. | &nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 130.00 | USD | 619 | &nbsp;&nbsp;&nbsp;&nbsp; (4420)<br>|
| &nbsp;&nbsp;&nbsp; iShares Russell 2000 ETF | &nbsp;&nbsp; 367 | &nbsp;&nbsp;&nbsp;&nbsp; 08/29/25 | USD | 245.00 | USD | 8052 | &nbsp;&nbsp;&nbsp;&nbsp; (6790)<br>|
| &nbsp;&nbsp;&nbsp; Air Products & Chemicals, Inc. | &nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 310.00 | USD | 345 | &nbsp;&nbsp;&nbsp;&nbsp; (3180)<br>|
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 200.00 | USD | 1929 | &nbsp;&nbsp;&nbsp;&nbsp; (53250)<br>|
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 137 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 210.00 | USD | 2642 | &nbsp;&nbsp;&nbsp;&nbsp; (34729)<br>|

---

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**BlackRock GA Dynamic Equity Fund** 

**Exchange-Traded Options Written (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Number of*<br> *Contracts*<br>| &nbsp;&nbsp; *Expiration*<br> *Date*<br>| *Exercise Price* | *Exercise Price* | &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)* | *Value* |
| Call (continued) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 205.00 | USD | 868 | &nbsp;&nbsp;&nbsp;&nbsp; $(16425)<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc. | &nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 240.00 | USD | 3020 | &nbsp;&nbsp;&nbsp;&nbsp; (115777)<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc. | &nbsp;&nbsp; 177 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 255.00 | USD | 4144 | &nbsp;&nbsp;&nbsp;&nbsp; (72570)<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc. | &nbsp;&nbsp; 51 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 260.00 | USD | 1194 | &nbsp;&nbsp;&nbsp;&nbsp; (14841)<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc. | &nbsp;&nbsp; 238 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 245.00 | USD | 5572 | &nbsp;&nbsp;&nbsp;&nbsp; (165410)<br>|
| &nbsp;&nbsp;&nbsp; Apollo Global Management, Inc. | &nbsp;&nbsp; 33 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 160.00 | USD | 480 | &nbsp;&nbsp;&nbsp;&nbsp; (7920)<br>|
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp; 106 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 230.00 | USD | 2200 | &nbsp;&nbsp;&nbsp;&nbsp; (22313)<br>|
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 240.00 | USD | 976 | &nbsp;&nbsp;&nbsp;&nbsp; (4465)<br>|
| &nbsp;&nbsp;&nbsp; Boeing Co. | &nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 230.00 | USD | 1154 | &nbsp;&nbsp;&nbsp;&nbsp; (31850)<br>|
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | &nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 340.00 | USD | 676 | &nbsp;&nbsp;&nbsp;&nbsp; (11385)<br>|
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | &nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 330.00 | USD | 1586 | &nbsp;&nbsp;&nbsp;&nbsp; (37125)<br>|
| &nbsp;&nbsp;&nbsp; Cameco Corp. | &nbsp;&nbsp; 107 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 90.00 | USD | 802 | &nbsp;&nbsp;&nbsp;&nbsp; (8239)<br>|
| &nbsp;&nbsp;&nbsp; Chevron Corp. | &nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 160.00 | USD | 440 | &nbsp;&nbsp;&nbsp;&nbsp; (5061)<br>|
| &nbsp;&nbsp;&nbsp; Chevron Corp. | &nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 170.00 | USD | 182 | &nbsp;&nbsp;&nbsp;&nbsp; (408)<br>|
| &nbsp;&nbsp;&nbsp; Chevron Corp. | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 160.00 | USD | 303 | &nbsp;&nbsp;&nbsp;&nbsp; (6510)<br>|
| &nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | &nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 75.00 | USD | 286 | &nbsp;&nbsp;&nbsp;&nbsp; (2079)<br>|
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. | &nbsp;&nbsp; 139 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 100.00 | USD | 1302 | &nbsp;&nbsp;&nbsp;&nbsp; (17861)<br>|
| &nbsp;&nbsp;&nbsp; CyberArk Software, Ltd. | &nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 460.00 | USD | 453 | &nbsp;&nbsp;&nbsp;&nbsp; (7040)<br>|
| &nbsp;&nbsp;&nbsp; CyberArk Software, Ltd. | &nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 450.00 | USD | 905 | &nbsp;&nbsp;&nbsp;&nbsp; (20350)<br>|
| &nbsp;&nbsp;&nbsp; CyberArk Software, Ltd. | &nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 440.00 | USD | 247 | &nbsp;&nbsp;&nbsp;&nbsp; (7050)<br>|
| &nbsp;&nbsp;&nbsp; D.R. Horton, Inc. | &nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 150.00 | USD | 100 | &nbsp;&nbsp;&nbsp;&nbsp; (2730)<br>|
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | &nbsp;&nbsp; 160 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 50.00 | USD | 644 | &nbsp;&nbsp;&nbsp;&nbsp; (2320)<br>|
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 310.00 | USD | 134 | &nbsp;&nbsp;&nbsp;&nbsp; (450)<br>|
| &nbsp;&nbsp;&nbsp; Home Depot, Inc. | &nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 385.00 | USD | 368 | &nbsp;&nbsp;&nbsp;&nbsp; (6575)<br>|
| &nbsp;&nbsp;&nbsp; Intuit, Inc. | &nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 860.00 | USD | 707 | &nbsp;&nbsp;&nbsp;&nbsp; (8685)<br>|
| &nbsp;&nbsp;&nbsp; Intuit, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 840.00 | USD | 236 | &nbsp;&nbsp;&nbsp;&nbsp; (4170)<br>|
| &nbsp;&nbsp;&nbsp; iShares China Large-Cap ETF | &nbsp;&nbsp; 2204 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 45.00 | USD | 8252 | &nbsp;&nbsp;&nbsp;&nbsp; (48488)<br>|
| &nbsp;&nbsp;&nbsp; iShares Russell 2000 ETF | &nbsp;&nbsp; 816 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 245.00 | USD | 17902 | &nbsp;&nbsp;&nbsp;&nbsp; (47736)<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. | &nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 305.00 | USD | 444 | &nbsp;&nbsp;&nbsp;&nbsp; (8813)<br>|
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc. | &nbsp;&nbsp; 70 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 170.00 | USD | 1034 | &nbsp;&nbsp;&nbsp;&nbsp; (6825)<br>|
| &nbsp;&nbsp;&nbsp; Mastercard, Inc., Class A | &nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 635.00 | USD | 340 | &nbsp;&nbsp;&nbsp;&nbsp; (522)<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., Class A | &nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 820.00 | USD | 4022 | &nbsp;&nbsp;&nbsp;&nbsp; (70070)<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., Class A | &nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 805.00 | USD | 696 | &nbsp;&nbsp;&nbsp;&nbsp; (16853)<br>|
| &nbsp;&nbsp;&nbsp; Micron Technology, Inc. | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 130.00 | USD | 218 | &nbsp;&nbsp;&nbsp;&nbsp; (2850)<br>|
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | &nbsp;&nbsp; 69 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 540.00 | USD | 3681 | &nbsp;&nbsp;&nbsp;&nbsp; (92632)<br>|
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | &nbsp;&nbsp; 27 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 560.00 | USD | 1440 | &nbsp;&nbsp;&nbsp;&nbsp; (15188)<br>|
| &nbsp;&nbsp;&nbsp; NVIDIA Corp. | &nbsp;&nbsp; 83 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 200.00 | USD | 1476 | &nbsp;&nbsp;&nbsp;&nbsp; (28220)<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp. | &nbsp;&nbsp; 58 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 250.00 | USD | 1472 | &nbsp;&nbsp;&nbsp;&nbsp; (115130)<br>|
| &nbsp;&nbsp;&nbsp; Progressive Corp. | &nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 280.00 | USD | 387 | &nbsp;&nbsp;&nbsp;&nbsp; (1160)<br>|
| &nbsp;&nbsp;&nbsp; Salesforce, Inc. | &nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 310.00 | USD | 568 | &nbsp;&nbsp;&nbsp;&nbsp; (4466)<br>|
| &nbsp;&nbsp;&nbsp; Salesforce, Inc. | &nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 290.00 | USD | 362 | &nbsp;&nbsp;&nbsp;&nbsp; (6125)<br>|
| &nbsp;&nbsp;&nbsp; SPDR S&P Regional Banking ETF | &nbsp;&nbsp; 895 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 72.00 | USD | 5375 | &nbsp;&nbsp;&nbsp;&nbsp; (8503)<br>|
| &nbsp;&nbsp;&nbsp; Stryker Corp. | &nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 440.00 | USD | 353 | &nbsp;&nbsp;&nbsp;&nbsp; (1350)<br>|
| &nbsp;&nbsp;&nbsp; Tesla, Inc. | &nbsp;&nbsp; 60 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 400.00 | USD | 1850 | &nbsp;&nbsp;&nbsp;&nbsp; (15840)<br>|
| &nbsp;&nbsp;&nbsp; TJX Cos., Inc. | &nbsp;&nbsp; 27 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 135.00 | USD | 336 | &nbsp;&nbsp;&nbsp;&nbsp; (2322)<br>|
| &nbsp;&nbsp;&nbsp; Trane Technologies PLC | &nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 480.00 | USD | 1139 | &nbsp;&nbsp;&nbsp;&nbsp; (7150)<br>|
| &nbsp;&nbsp;&nbsp; Trane Technologies PLC | &nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 490.00 | USD | 307 | &nbsp;&nbsp;&nbsp;&nbsp; (1155)<br>|
| &nbsp;&nbsp;&nbsp; Valero Energy Corp. | &nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 155.00 | USD | 412 | &nbsp;&nbsp;&nbsp;&nbsp; (3465)<br>|
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co. | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 170.00 | USD | 291 | &nbsp;&nbsp;&nbsp;&nbsp; (6450)<br>|
| &nbsp;&nbsp;&nbsp; Vista Energy Corp. | &nbsp;&nbsp; 93 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 220.00 | USD | 1939 | &nbsp;&nbsp;&nbsp;&nbsp; (113925)<br>|
| &nbsp;&nbsp;&nbsp; Vista Energy Corp. | &nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 230.00 | USD | 271 | &nbsp;&nbsp;&nbsp;&nbsp; (11635)<br>|
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | &nbsp;&nbsp; 56 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 110.00 | USD | 549 | &nbsp;&nbsp;&nbsp;&nbsp; (2744)<br>|
| &nbsp;&nbsp;&nbsp; Walt Disney Co. | &nbsp;&nbsp; 39 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 135.00 | USD | 465 | &nbsp;&nbsp;&nbsp;&nbsp; (3315)<br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. | &nbsp;&nbsp; 90 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 90.00 | USD | 726 | &nbsp;&nbsp;&nbsp;&nbsp; (2475)<br>|
| &nbsp;&nbsp;&nbsp; Williams Cos., Inc. | &nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 65.00 | USD | 240 | &nbsp;&nbsp;&nbsp;&nbsp; (2700)<br>|
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 178 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 220.00 | USD | 3433 | &nbsp;&nbsp;&nbsp;&nbsp; (93450)<br>|
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 70 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 210.00 | USD | 1350 | &nbsp;&nbsp;&nbsp;&nbsp; (56000)<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc. | &nbsp;&nbsp; 215 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 270.00 | USD | 5033 | &nbsp;&nbsp;&nbsp;&nbsp; (137062)<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc. | &nbsp;&nbsp; 89 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 260.00 | USD | 2084 | &nbsp;&nbsp;&nbsp;&nbsp; (79655)<br>|
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp; 321 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 240.00 | USD | 6663 | &nbsp;&nbsp;&nbsp;&nbsp; (125992)<br>|
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 250.00 | USD | 1536 | &nbsp;&nbsp;&nbsp;&nbsp; (17834)<br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp. | &nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 52.50 | USD | 388 | &nbsp;&nbsp;&nbsp;&nbsp; (8036)<br>|

---

Consolidated Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**BlackRock GA Dynamic Equity Fund** 

**Exchange-Traded Options Written (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Number of*<br> *Contracts*<br>| &nbsp;&nbsp; *Expiration*<br> *Date*<br>| *Exercise Price* | *Exercise Price* | &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)* | *Value* |
| Call (continued) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Boeing Co. | &nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 260.00 | USD | 399 | &nbsp;&nbsp;&nbsp;&nbsp; $(9585)<br>|
| &nbsp;&nbsp;&nbsp; Boeing Co. | &nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 265.00 | USD | 421 | &nbsp;&nbsp;&nbsp;&nbsp; (8693)<br>|
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | &nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 380.00 | USD | 2820 | &nbsp;&nbsp;&nbsp;&nbsp; (72000)<br>|
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 350.00 | USD | 587 | &nbsp;&nbsp;&nbsp;&nbsp; (26150)<br>|
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 370.00 | USD | 587 | &nbsp;&nbsp;&nbsp;&nbsp; (18100)<br>|
| &nbsp;&nbsp;&nbsp; Cameco Corp. | &nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 100.00 | USD | 405 | &nbsp;&nbsp;&nbsp;&nbsp; (10017)<br>|
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp. | &nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 250.00 | USD | 903 | &nbsp;&nbsp;&nbsp;&nbsp; (18480)<br>|
| &nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | &nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 80.00 | USD | 504 | &nbsp;&nbsp;&nbsp;&nbsp; (5957)<br>|
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. | &nbsp;&nbsp; 70 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 100.00 | USD | 656 | &nbsp;&nbsp;&nbsp;&nbsp; (27475)<br>|
| &nbsp;&nbsp;&nbsp; CRH PLC | &nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 110.00 | USD | 439 | &nbsp;&nbsp;&nbsp;&nbsp; (9545)<br>|
| &nbsp;&nbsp;&nbsp; Delta Air Lines, Inc. | &nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 70.00 | USD | 48 | &nbsp;&nbsp;&nbsp;&nbsp; (846)<br>|
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | &nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 1000.00 | USD | 2516 | &nbsp;&nbsp;&nbsp;&nbsp; (29920)<br>|
| &nbsp;&nbsp;&nbsp; EQT Corp. | &nbsp;&nbsp; 64 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 65.00 | USD | 344 | &nbsp;&nbsp;&nbsp;&nbsp; (9408)<br>|
| &nbsp;&nbsp;&nbsp; Intuit, Inc. | &nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 880.00 | USD | 471 | &nbsp;&nbsp;&nbsp;&nbsp; (14520)<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. | &nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 325.00 | USD | 711 | &nbsp;&nbsp;&nbsp;&nbsp; (16200)<br>|
| &nbsp;&nbsp;&nbsp; Mastercard, Inc., Class A | &nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 650.00 | USD | 1246 | &nbsp;&nbsp;&nbsp;&nbsp; (12540)<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., Class A | &nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 940.00 | USD | 3635 | &nbsp;&nbsp;&nbsp;&nbsp; (60865)<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., Class A | &nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 860.00 | USD | 1238 | &nbsp;&nbsp;&nbsp;&nbsp; (49040)<br>|
| &nbsp;&nbsp;&nbsp; Micron Technology, Inc. | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 150.00 | USD | 218 | &nbsp;&nbsp;&nbsp;&nbsp; (5440)<br>|
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | &nbsp;&nbsp; 169 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 580.00 | USD | 9016 | &nbsp;&nbsp;&nbsp;&nbsp; (228995)<br>|
| &nbsp;&nbsp;&nbsp; Netflix, Inc. | &nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 1500.00 | USD | 232 | &nbsp;&nbsp;&nbsp;&nbsp; (2285)<br>|
| &nbsp;&nbsp;&nbsp; NVIDIA Corp. | &nbsp;&nbsp; 393 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 220.00 | USD | 6990 | &nbsp;&nbsp;&nbsp;&nbsp; (208290)<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp. | &nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 280.00 | USD | 431 | &nbsp;&nbsp;&nbsp;&nbsp; (30770)<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp. | &nbsp;&nbsp; 642 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 330.00 | USD | 16292 | &nbsp;&nbsp;&nbsp;&nbsp; (430140)<br>|
| &nbsp;&nbsp;&nbsp; Palantir Technologies Inc. | &nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 200.00 | USD | 32 | &nbsp;&nbsp;&nbsp;&nbsp; (2080)<br>|
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd., ADR | &nbsp;&nbsp; 33 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 270.00 | USD | 797 | &nbsp;&nbsp;&nbsp;&nbsp; (36630)<br>|
| &nbsp;&nbsp;&nbsp; Tesla, Inc. | &nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 460.00 | USD | 247 | &nbsp;&nbsp;&nbsp;&nbsp; (6380)<br>|
| &nbsp;&nbsp;&nbsp; Tesla, Inc. | &nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 500.00 | USD | 247 | &nbsp;&nbsp;&nbsp;&nbsp; (4440)<br>|
| &nbsp;&nbsp;&nbsp; Trane Technologies PLC | &nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 500.00 | USD | 526 | &nbsp;&nbsp;&nbsp;&nbsp; (9480)<br>|
| &nbsp;&nbsp;&nbsp; TransDigm Group, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 1800.00 | USD | 483 | &nbsp;&nbsp;&nbsp;&nbsp; (10005)<br>|
| &nbsp;&nbsp;&nbsp; United Airlines Holdings, Inc. | &nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 115.00 | USD | 106 | &nbsp;&nbsp;&nbsp;&nbsp; (3042)<br>|
| &nbsp;&nbsp;&nbsp; Valero Energy Corp. | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 170.00 | USD | 275 | &nbsp;&nbsp;&nbsp;&nbsp; (3550)<br>|
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co. | &nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 180.00 | USD | 495 | &nbsp;&nbsp;&nbsp;&nbsp; (29070)<br>|
| &nbsp;&nbsp;&nbsp; Vista Energy Corp. | &nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 270.00 | USD | 500 | &nbsp;&nbsp;&nbsp;&nbsp; (22740)<br>|
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | &nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 120.00 | USD | 480 | &nbsp;&nbsp;&nbsp;&nbsp; (3332)<br>|
| &nbsp;&nbsp;&nbsp; Walt Disney Co. | &nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 150.00 | USD | 179 | &nbsp;&nbsp;&nbsp;&nbsp; (1403)<br>|
| &nbsp;&nbsp;&nbsp; Walt Disney Co. | &nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 145.00 | USD | 179 | &nbsp;&nbsp;&nbsp;&nbsp; (2100)<br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. | &nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 100.00 | USD | 363 | &nbsp;&nbsp;&nbsp;&nbsp; (2070)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (5857002)<br>|
| Put  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; InvesCo QQQ Trust, Series 1 | &nbsp;&nbsp; 2284 | &nbsp;&nbsp;&nbsp;&nbsp; 08/01/25 | USD | 515.00 | USD | 129048 | &nbsp;&nbsp;&nbsp;&nbsp; (4568)<br>|
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp;&nbsp; 08/08/25 | USD | 190.00 | USD | 8303 | &nbsp;&nbsp;&nbsp;&nbsp; (32200)<br>|
| &nbsp;&nbsp;&nbsp; InvesCo QQQ Trust, Series 1 | &nbsp;&nbsp; 612 | &nbsp;&nbsp;&nbsp;&nbsp; 08/08/25 | USD | 515.00 | USD | 34579 | &nbsp;&nbsp;&nbsp;&nbsp; (13770)<br>|
| &nbsp;&nbsp;&nbsp; SPDR S&P Regional Banking ETF | &nbsp;&nbsp; 560 | &nbsp;&nbsp;&nbsp;&nbsp; 08/08/25 | USD | 60.00 | USD | 3363 | &nbsp;&nbsp;&nbsp;&nbsp; (54600)<br>|
| &nbsp;&nbsp;&nbsp; Intuitive Surgical, Inc. | &nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 465.00 | USD | 1155 | &nbsp;&nbsp;&nbsp;&nbsp; (10080)<br>|
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc. | &nbsp;&nbsp; 254 | &nbsp;&nbsp;&nbsp;&nbsp; 08/15/25 | USD | 130.00 | USD | 3752 | &nbsp;&nbsp;&nbsp;&nbsp; (19050)<br>|
| &nbsp;&nbsp;&nbsp; Dollar Tree, Inc. | &nbsp;&nbsp; 416 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 70.00 | USD | 4724 | &nbsp;&nbsp;&nbsp;&nbsp; (27456)<br>|
| &nbsp;&nbsp;&nbsp; SPDR S&P Regional Banking ETF | &nbsp;&nbsp; 362 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 55.00 | USD | 2174 | &nbsp;&nbsp;&nbsp;&nbsp; (23530)<br>|
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | &nbsp;&nbsp; 251 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | USD | 90.00 | USD | 2459 | &nbsp;&nbsp;&nbsp;&nbsp; (25727)<br>|
| &nbsp;&nbsp;&nbsp; ASML Holding N.V., ADR | &nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 680.00 | USD | 4655 | &nbsp;&nbsp;&nbsp;&nbsp; (208370)<br>|
| &nbsp;&nbsp;&nbsp; Euro Stoxx Banks | &nbsp;&nbsp; 210 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | EUR | 190.00 | EUR | 2307 | &nbsp;&nbsp;&nbsp;&nbsp; (23666)<br>|
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | &nbsp;&nbsp; 1488 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 35.00 | USD | 5988 | &nbsp;&nbsp;&nbsp;&nbsp; (104904)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (547921)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(6404923)<br>|

---

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

<sup>(a)</sup> All or a portion of the security is held by a wholly-owned subsidiary.

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**BlackRock GA Dynamic Equity Fund** 

**OTC Total Return Swaps** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Effective* <br>*Date*<br>| *Termination* <br>*Date*<br>| *Notional* <br>*Amount (000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| Fixed, 0.00% | At Termination | &nbsp;&nbsp;&nbsp; Korean Stock Price <br> 200 Index Future <br> September 2025<br>| At Termination | Citibank N.A. | N/A | 09/11/25 | 2518446 | $78565 | $— | $78565 |
| &nbsp;&nbsp;&nbsp; 3-mo. KRW <br> CDC minus <br> 1.90%, 2.51%<br>| At Termination | &nbsp;&nbsp;&nbsp; Korean Stock Price <br> 200 Index<br>| At Termination | BNP Paribas SA | N/A | 09/17/25 | 3606250 | 140604 |  | 140604 |
|  |  |  |  |  |  |  |  | $219169 | $— | $219169 |

---

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Consolidated Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp; $16741457 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $16741457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp; 17507473 | &nbsp;&nbsp;&nbsp;&nbsp; 239722 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17747195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp; 11463725 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11463725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp; 42521322 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 42521322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp; 15234378 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15234378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp; 41788697 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 41788697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp; 13669114 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13669114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp; 10855745 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10855745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp; 82672454 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 82672454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp; 1321201158 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1321201158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp; 35125616 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 35125616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 276990371 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 276990371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options Purchased  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; 2036397 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2036397 |
|  | &nbsp;&nbsp; $1887807907 | &nbsp;&nbsp;&nbsp;&nbsp; $239722 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1888047629 |

---

Consolidated Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**BlackRock GA Dynamic Equity Fund** 

**Fair Value Hierarchy as of Period End (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Derivative Financial Instruments<sup>(a)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; $3742742 | &nbsp;&nbsp;&nbsp;&nbsp; $1106437 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $4849179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1358100 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1358100 |
| &nbsp;&nbsp;&nbsp; Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; (6779980)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6779980)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7033967)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7033967)<br>|
|  | &nbsp;&nbsp; $(3037238)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(4569430)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(7606668)<br>|

---

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

<sup>(a)</sup> Derivative financial instruments are swaps, futures contracts, forward foreign currency exchange contracts and options written. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument and options written are shown at value. 

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

---

| | |
|:---|:---|
| **Currency Abbreviation**  | **Currency Abbreviation**  |
| AUD | Australian Dollar |
| CAD | Canadian Dollar |
| CHF | Swiss Franc |
| CNY | Chinese Yuan |
| DKK | Danish Krone |
| EUR | Euro |
| GBP | British Pound |
| HKD | Hong Kong Dollar |
| ILS | Israeli Shekel |
| JPY | Japanese Yen |
| KRW | South Korean Won |
| NOK | Norwegian Krone |
| SEK | Swedish Krona |
| SGD | Singapore Dollar |
| TWD | New Taiwan Dollar |
| USD | United States Dollar |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| ADR | American Depositary Receipt |
| CDC | Certificate of Deposit Rate |
| ETF | Exchange-Traded Fund |
| MSCI | Morgan Stanley Capital International |
| S&P | Standard & Poor's |
| SAP | Subject to Appropriations |
| SCA | Societe en Commandite par Actions |
| SPDR | Standard & Poor's Depository Receipt |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Managed Account Series

- **b. Investment Company Act file number:** 811-21763

- **c. CIK number of Registrant:** 0001323737

- **d. LEI of Registrant:** 549300KJ2GS7UP2OCO54

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

  - **Street Address 1:** 100 BELLEVUE PARKWAY

  - **City:** WILMINGTON

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock GA Dynamic Equity Fund

- **b. EDGAR series identifier (if any):** S000057852

- **c. LEI of Series:** 549300NJ8KDU5T3NAW97

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

- **a. Date of fiscal year-end:** 2026-04-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1928438804.37

**Total Liabilities:** $43447990.59

**Net Assets:** $1884990813.78

**Amount of Assets Invested in Other Investment Companies:** $24248385.86

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000206474 | 5.74%                | 5.31%                | 0.79%                |
| Class ID C000186832 | 5.73%                | 5.36%                | 0.76%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-9452201.93             | $88761056.09                               |
| Month 2  | $18106842.02             | $58843132.57                               |
| Month 3  | $7622260.26              | $14856181.32                               |

**Designated Index Information**

- **Index Name:** MSCI World Index

- **Index Identifier:** NDDUWI

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Options Clearing Corp.                     | SPDR S+P REGIONAL BANKING ETF                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       1121 | NC      | $6726.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | BOEING CO/THE                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -18 | NC      | $-9585.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | PROGRESSIVE CORP/THE                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -16 | NC      | $-1160.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                   | EQT Corp                                                | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     174644 | NS      | $9387115.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce         | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | XX        |          1 | NC      | $-3999.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | ELI LILLY + CO                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -34 | NC      | $-29920.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                  | Shell PLC                                               | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     299985 | NS      | $21661916.85  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                          | Cisco Systems Inc                                       | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     252638 | NS      | $17199595.04  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                             | Salesforce Inc                                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      75929 | NS      | $19614738.57  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                 | Intuit Inc                                              | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      14222 | NS      | $11166118.86  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | BANK OF AMERICA CORP                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -82 | NC      | $-8036.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ALPHABET INC                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -45 | NC      | $-16425.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CAMECO CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | CA        |       -107 | NC      | $-8239.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                             | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | JP        |          1 | NC      | $-4053956.02  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | COSTCO WHOLESALE CORP                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          3 | NC      | $1297.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                          | PURCHASED NOK / SOLD USD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | NO        |          1 | NC      | $-51695.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Vistra Corp                                | Vistra Corp                                             | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      75519 | NS      | $15748732.26  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | MICROSOFT CORP                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         20 | NC      | $22300.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | AIR PRODUCTS AND CHEMICALS INC                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -12 | NC      | $-3180.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                       | Progressive Corp/The                                    | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      84547 | NS      | $20463755.88  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | NETFLIX INC                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -2 | NC      | $-2285.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                         | Union Pacific Corp                                      | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      63179 | NS      | $14023842.63  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Homebuilders ETF                  | SPDR S&P Homebuilders ETF                               | CUSIP: 78464A888<br>LEI: 549300MSE80LL1UJS132 | Long             | EC               | RF                | US        |       4163 | NS      | $424251.33    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |          1 | NC      | $4799.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | ALPHABET INC                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -178 | NC      | $-93450.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | META PLATFORMS INC                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -16 | NC      | $-49040.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | VISTRA CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -13 | NC      | $-11635.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                         | Valero Energy Corp                                      | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      48071 | NS      | $6600629.01   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                           | Wells Fargo & Co                                        | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     284444 | NS      | $22934719.72  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | NVIDIA CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -393 | NC      | $-208290.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                   | RELX PLC                                                | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     388483 | NS      | $20158382.87  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | MICROSOFT CORP                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -27 | NC      | $-15187.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                         | NextEra Energy Inc                                      | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     239348 | NS      | $17008068.88  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc              | Hilton Worldwide Holdings Inc                           | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      24422 | NS      | $6547049.76   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                              | DR Horton Inc                                           | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      32125 | NS      | $4588735.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                     | PURCHASED USD / SOLD GBP                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $123355.41    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | INTUITIVE SURGICAL INC                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -24 | NC      | $-10080.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | JPMORGAN CHASE + CO                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -122 | NC      | $-114375.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                       | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | XX        |          1 | NC      | $-117987.22   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Air Products and Chemicals Inc             | Air Products and Chemicals Inc                          | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      23713 | NS      | $6826498.44   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ALPHABET INC                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -100 | NC      | $-53250.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                       | Tencent Holdings Ltd                                    | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     171712 | NS      | $12031859.84  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | META PLATFORMS INC                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -52 | NC      | $-70070.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                | PURCHASED CAD / SOLD USD                                | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CA        |          1 | NC      | $-41373.01    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | BROADCOM INC                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -20 | NC      | $-26150.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                      | Costco Wholesale Corp                                   | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      26032 | NS      | $24460708.48  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                             | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | JP        |          1 | NC      | $-16676.21    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | BROADCOM INC                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         16 | NC      | $18520.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CHEVRON CORP                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          8 | NC      | $1448.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | APOLLO GLOBAL MANAGEMENT INC                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         10 | NC      | $1100.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WELLS FARGO + CO                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        339 | NC      | $71529.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                        | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | XX        |          1 | NC      | $-144018.43   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                          | EURO STOXX 50 SEP25                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |         96 | NC      | $47987.35     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ORACLE CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -58 | NC      | $-115130.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                      | Micron Technology Inc                                   | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     123130 | NS      | $13438408.20  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                          | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |          1 | NC      | $-264500.68   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                       | Williams Cos Inc/The                                    | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     210616 | NS      | $12626429.20  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | APPLE INC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -321 | NC      | $-125992.50   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                       | PURCHASED AUD / SOLD USD                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | AU        |          1 | NC      | $-433782.26   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                          | EURO STOXX BANK SEP25                                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        496 | NC      | $543424.18    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                              | Citigroup Inc                                           | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     257306 | NS      | $24109572.20  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | APPLE INC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -47 | NC      | $-4465.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                     | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | JP        |          1 | NC      | $-141819.59   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | VALERO ENERGY CORP                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -30 | NC      | $-3465.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | VERTIV HOLDINGS CO                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -34 | NC      | $-29070.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | AMAZON.COM INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -238 | NC      | $-165410.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                       | PURCHASED CAD / SOLD USD                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | CA        |          1 | NC      | $-44636.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | CAPITAL ONE FINANCIAL CORP                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         17 | NC      | $1190.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                          | ESTX BANKS (EUR) PR                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       -210 | NC      | $-23665.62    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | MASTERCARD INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -6 | NC      | $-522.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CHEVRON CORP                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -29 | NC      | $-5060.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                             | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | JP        |          1 | NC      | $-8783.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | SPDR GOLD SHARES                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        487 | NC      | $70371.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | TJX COS INC/THE                                         | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         19 | NC      | $3211.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International SCA                   | Hermes International SCA                                | CUSIP: 42751Q105<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |      65196 | NS      | $15993882.72  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR S+P 500 ETF TRUST                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -1317 | NC      | $-16462.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | NVIDIA CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -219 | NC      | $-313717.50   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WALT DISNEY CO/THE                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -15 | NC      | $-1402.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | MICRON TECHNOLOGY INC                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -20 | NC      | $-5440.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ISHARES RUSSELL 2000 ETF                                | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -367 | NC      | $-6789.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | EQT CORP                                                | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -64 | NC      | $-9408.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares China Large-Cap ETF                | iShares China Large-Cap ETF                             | CUSIP: 464287184<br>LEI: 5493001YVWPO25CNKN94 | Long             | EC               | RF                | US        |     144698 | NS      | $5417493.12   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                              | UniCredit SpA                                           | CUSIP: 904678406<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     561712 | NS      | $20637298.88  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. International PLC     | PURCHASED USD / SOLD KRW                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |          1 | NC      | $2847.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                | S+P500 EMINI FUT SEP25                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        316 | NC      | $2860568.89   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                              | Medtronic PLC                                           | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     169699 | NS      | $15313637.76  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | VISTRA CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -33 | NC      | $-34237.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | DOLLAR TREE INC                                         | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -416 | NC      | $-27456.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | APPLE INC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         34 | NC      | $11390.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                             | PURCHASED AUD / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | AU        |          1 | NC      | $-56685.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | APPLE INC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        161 | NC      | $33246.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                | PURCHASED ILS / SOLD USD                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | IL        |          1 | NC      | $-41481.61    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | MICRON TECHNOLOGY INC                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         14 | NC      | $2450.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| National Stock Exchange Of India           | IFSC NIFTY 50 FUT AUG25                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | IN        |         91 | NC      | $-40194.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | APPLE INC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -400 | NC      | $-32200.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                          | National Grid PLC                                       | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     241051 | NS      | $16967579.89  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | BANK OF AMERICA CORP                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -556 | NC      | $-7228.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CITIBANK NA                                | TRSWAP: KMU5 FUTURE 11-SEP-2025                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DE               |  | US        | 2518446000 | OU      | $78565.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                            | ASML Holding NV                                         | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      19676 | NS      | $13669113.96  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                     | Boston Scientific Corp                                  | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     198632 | NS      | $20840469.44  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                 | Fiserv Inc                                              | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      79746 | NS      | $11079909.24  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | NVIDIA CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         59 | NC      | $24927.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | TESLA INC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -8 | NC      | $-4440.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CITIGROUP INC                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -139 | NC      | $-17861.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                | NASDAQ 100 E-MINI SEP25                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        -13 | NC      | $-322901.70   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank PLC                              | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | XX        |          1 | NC      | $-8657.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | CRH PLC                                                 | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | IE        |        -46 | NC      | $-9545.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WALMART INC                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -56 | NC      | $-2744.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WALT DISNEY CO/THE                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -52 | NC      | $-4420.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | MICROSOFT CORP                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -169 | NC      | $-228995.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                        | PURCHASED CAD / SOLD USD                                | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | CA        |          1 | NC      | $-806284.55   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | APPLE INC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -74 | NC      | $-17834.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                             | Microsoft Corp                                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     175655 | NS      | $93711942.50  | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                          | Suncor Energy Inc                                       | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     137083 | NS      | $5406745.06   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | HOME DEPOT INC/THE                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -10 | NC      | $-6575.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | TESLA INC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         19 | NC      | $5092.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WALT DISNEY CO/THE                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         12 | NC      | $2250.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                           | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | JP        |          1 | NC      | $-4602.28     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                         | Vertiv Holdings Co                                      | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      89612 | NS      | $13047507.20  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. International PLC     | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |          1 | NC      | $48155.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | BOEING CO/THE                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         15 | NC      | $1035.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | BROADCOM INC                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -23 | NC      | $-11385.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                     | PURCHASED USD / SOLD GBP                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $154886.31    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | ISHARES RUSSELL 2000 ETF                                | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -816 | NC      | $-47736.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | BANK OF AMERICA CORP                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         67 | NC      | $3852.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                                 | BYD Co Ltd                                              | CUSIP: 05606L100<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     373762 | NS      | $5475613.30   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                               | Stryker Corp                                            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      50755 | NS      | $19933011.15  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | TRANE TECHNOLOGIES PLC                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | IE        |        -12 | NC      | $-9480.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                     | Trane Technologies PLC                                  | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      40387 | NS      | $17692736.96  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | TESLA INC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -8 | NC      | $-6380.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CYBERARK SOFTWARE LTD                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | IL        |          4 | NC      | $10240.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CYBERARK SOFTWARE LTD                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | IL        |         -7 | NC      | $-1505.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                | NVIDIA Corp                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     571854 | NS      | $101715670.98 | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                               | Chevron Corp                                            | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      98021 | NS      | $14863904.44  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CAMECO CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | CA        |        -54 | NC      | $-10017.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                          | Suncor Energy Inc                                       | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |      20946 | NS      | $826529.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WALMART INC                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -251 | NC      | $-25727.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                           | Novo Nordisk A/S                                        | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      75951 | NS      | $3575013.57   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED CAD / SOLD USD                                | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | CA        |          1 | NC      | $-26327.70    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc                               | Alphabet Inc                                            | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     272414 | NS      | $52537764.04  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ORACLE CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -106 | NC      | $-571605.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | INTUIT INC                                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -6 | NC      | $-14520.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | VALERO ENERGY CORP                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -20 | NC      | $-3550.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CYBERARK SOFTWARE LTD                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | IL        |        -11 | NC      | $-7040.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                          | PURCHASED GBP / SOLD USD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | GB        |          1 | NC      | $-49783.27    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | ASML HOLDING NV                                         | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | NL        |         45 | NC      | $32625.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR S+P REGIONAL BANKING ETF                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -560 | NC      | $-54600.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CAPITAL ONE FINANCIAL CORP                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -42 | NC      | $-18480.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | APPLE INC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -106 | NC      | $-22313.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                | PURCHASED USD / SOLD DKK                                | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $16421.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | ISHARES CHINA LARGE-CAP ETF                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -2204 | NC      | $-48488.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                      | CyberArk Software Ltd                                   | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |      17294 | NS      | $7115962.18   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | BROADCOM INC                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -20 | NC      | $-18100.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                         | Walt Disney Co/The                                      | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     110842 | NS      | $13202390.62  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | LIVE NATION ENTERTAINMENT INC                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         11 | NC      | $2695.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                            | BAE Systems PLC                                         | CUSIP: 05523R107<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     231206 | NS      | $22106761.69  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                   | Marsh & McLennan Cos Inc                                | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      67889 | NS      | $13523488.80  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CITIGROUP INC                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -70 | NC      | $-27475.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                | Walmart Inc                                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     274399 | NS      | $26885614.02  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ISHARES RUSSELL 2000 ETF                                | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        816 | NC      | $249288.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | INTUIT INC                                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -9 | NC      | $-8685.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ServiceTitan Inc                           | ServiceTitan Inc                                        | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      58957 | NS      | $6880871.47   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                  | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   87623683 | NS      | $87623682.88  | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR S+P REGIONAL BANKING ETF                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -362 | NC      | $-23530.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P Small-Cap ETF             | iShares Core S&P Small-Cap ETF                          | CUSIP: 464287804<br>LEI: 549300BZQ17QYN750B25 | Long             | EC               | RF                | US        |       4169 | NS      | $459757.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WELLS FARGO + CO                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -45 | NC      | $-2070.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | AMAZON.COM INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -89 | NC      | $-79655.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | TRANE TECHNOLOGIES PLC                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | IE        |          7 | NC      | $1032.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | LIVE NATION ENTERTAINMENT INC                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -70 | NC      | $-6825.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ORACLE CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -312 | NC      | $-1083420.00  | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR GOLD SHARES                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       1000 | NC      | $27500.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | JPMORGAN CHASE + CO                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         11 | NC      | $6572.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                  | Palantir Technologies Inc                               | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      20122 | NS      | $3186318.70   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | PALANTIR TECHNOLOGIES INC                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -2 | NC      | $-2080.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | LIVE NATION ENTERTAINMENT INC                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        169 | NC      | $73515.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV A/S                                    | DSV A/S                                                 | CUSIP: 26251A108<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |      70228 | NS      | $7888711.24   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR S+P 500 ETF TRUST                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        399 | NC      | $20149.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ORACLE CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -642 | NC      | $-430140.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. International PLC     | PURCHASED USD / SOLD TWD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |          1 | NC      | $108882.21    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                     | PURCHASED SGD / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | SG        |          1 | NC      | $-66468.16    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TJX Cos Inc/The                            | TJX Cos Inc/The                                         | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     144026 | NS      | $17935557.78  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | EQT CORP                                                | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         26 | NC      | $429.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WILLIAMS COS INC/THE                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -40 | NC      | $-2700.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                        | TransDigm Group Inc                                     | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      14970 | NS      | $24078646.20  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                | Netflix Inc                                             | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      11123 | NS      | $12896006.20  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | BROADCOM INC                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -96 | NC      | $-72000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA                        | Intesa Sanpaolo SpA                                     | CUSIP: 46115H107<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |     582202 | NS      | $21151398.66  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                     | Intuitive Surgical Inc                                  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      26078 | NS      | $12545865.02  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                             | Mastercard Inc                                          | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      26898 | NS      | $15236910.06  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | APPLE INC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        200 | NC      | $55700.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                               | Broadcom Inc                                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     136730 | NS      | $40157601.00  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR GOLD SHARES                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -1000 | NC      | $-5000.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                  | Sanofi SA                                               | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     174856 | NS      | $7980427.84   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                  | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |  209514206 | NS      | $209514206.07 | 11.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                       | Bank of America Corp                                    | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     638024 | NS      | $30159394.48  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | APPLE INC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -230 | NC      | $-15640.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | VISTRA CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         10 | NC      | $22750.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | TAIWAN SEMICONDUCTOR MANUFACTU                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | TW        |        -33 | NC      | $-36630.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SA                             | TRSWAP: KOSPI2 INDEX                                    | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DE               |  | US        | 3606250443 | OU      | $140604.31    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cameco Corp                                | Cameco Corp                                             | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     140240 | NS      | $10508183.20  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR S+P REGIONAL BANKING ETF                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -1121 | NC      | $-238773.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CISCO SYSTEMS INC                                       | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -42 | NC      | $-2079.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank PLC                              | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | JP        |          1 | NC      | $-4431.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc                                  | Tesla Inc                                               | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      53602 | NS      | $16523888.54  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank PLC                              | PURCHASED USD / SOLD TWD                                | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |          1 | NC      | $113437.42    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Home Depot Inc/The                         | Home Depot Inc/The                                      | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      61667 | NS      | $22663239.17  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | HILTON WORLDWIDE HOLDINGS INC                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          3 | NC      | $337.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CISCO SYSTEMS INC                                       | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         30 | NC      | $3525.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | STRYKER CORP                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -9 | NC      | $-1350.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                                | CAC40 10 EURO FUT AUG25                                 | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | N/A              | DE               |  | FR        |        -18 | NC      | $13155.47     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | VISTRA CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -24 | NC      | $-22740.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | UNITED AIRLINES HOLDINGS INC                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -12 | NC      | $-3042.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                           | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |          1 | NC      | $8057.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | MASTERCARD INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -22 | NC      | $-12540.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | FREEPORT-MCMORAN INC                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         32 | NC      | $432.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | META PLATFORMS INC                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          6 | NC      | $37590.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc               | Apollo Global Management Inc                            | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |      65254 | NS      | $9482711.28   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | AMAZON.COM INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -177 | NC      | $-72570.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | MICRON TECHNOLOGY INC                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -58 | NC      | $-2291.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain SA                     | Cie de Saint-Gobain SA                                  | CUSIP: 204280309<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     489036 | NS      | $11194034.04  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | META PLATFORMS INC                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -47 | NC      | $-60865.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | INTUIT INC                                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          2 | NC      | $4770.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WALMART INC                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         40 | NC      | $7980.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                     | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | XX        |          1 | NC      | $-6704.74     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | JPMORGAN CHASE + CO                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -24 | NC      | $-16200.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                       | Freeport-McMoRan Inc                                    | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     242596 | NS      | $9762063.04   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ASML HOLDING NV                                         | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | NL        |        -67 | NC      | $-208370.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR S+P REGIONAL BANKING ETF                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -895 | NC      | $-8502.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | XX        |          1 | NC      | $-7094.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | PROGRESSIVE CORP/THE                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         11 | NC      | $1897.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR S+P RETAIL ETF                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        280 | NC      | $70140.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NMC Health PLC                             | NMC Health PLC                                          | CUSIP: 000000000<br>LEI: 2138008YQEVWBE1V2M52 | Long             | EC               | CORP              | GB        |        504 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Options Clearing Corp.                     | INVESCO QQQ TRUST SERIES 1                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -612 | NC      | $-13770.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                        | EssilorLuxottica SA                                     | CUSIP: 297284200<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |     102974 | NS      | $15333405.25  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank PLC                              | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | JP        |          1 | NC      | $-9593.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | INVESCO QQQ TRUST SERIES 1                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -2284 | NC      | $-4568.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                         | Meta Platforms Inc                                      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      69260 | NS      | $53568454.40  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR GOLD SHARES                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        462 | NC      | $29106.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | MICROSOFT CORP                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -69 | NC      | $-92632.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal | S+P/TSX 60 IX FUT SEP25                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |          4 | NC      | $24354.85     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                | Oracle Corp                                             | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     117760 | NS      | $29883955.20  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CISCO SYSTEMS INC                                       | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -74 | NC      | $-5957.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ASX Clear (Futures)                        | SPI 200 FUTURES SEP25                                   | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DE               |  | AU        |         -4 | NC      | $-11960.38    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                       | PURCHASED SEK / SOLD USD                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | SE        |          1 | NC      | $-274584.96   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Boeing Co/The                              | Boeing Co/The                                           | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     104501 | NS      | $23182501.84  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                          | ESTX BANKS (EUR) PR                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        420 | NC      | $145588.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                               | Autodesk Inc                                            | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      36369 | NS      | $11023807.59  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | META PLATFORMS INC                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -52 | NC      | $-75790.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ORACLE CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -17 | NC      | $-30770.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | INVESCO QQQ TRUST SERIES 1                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        414 | NC      | $43884.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SALESFORCE INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -14 | NC      | $-6125.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                     | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | JP        |          1 | NC      | $-9447.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | CHEVRON CORP                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -20 | NC      | $-6510.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SALESFORCE INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         10 | NC      | $2070.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | AMAZON.COM INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -51 | NC      | $-14841.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CYBERARK SOFTWARE LTD                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | IL        |         -6 | NC      | $-7050.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | VERTIV HOLDINGS CO                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -20 | NC      | $-6450.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | NVIDIA CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        340 | NC      | $26180.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | AMAZON.COM INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -129 | NC      | $-115777.50   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | VISTRA CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -93 | NC      | $-113925.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | VERTIV HOLDINGS CO                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -59 | NC      | $-37170.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | TRANE TECHNOLOGIES PLC                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | IE        |        -26 | NC      | $-7150.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                          | Compass Group PLC                                       | CUSIP: 20449X401<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     465670 | NS      | $16358987.10  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                     | PURCHASED USD / SOLD GBP                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |          1 | NC      | $409479.66    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Live Nation Entertainment Inc              | Live Nation Entertainment Inc                           | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      83525 | NS      | $12336642.50  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ALPHABET INC                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -137 | NC      | $-34729.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WALT DISNEY CO/THE                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -39 | NC      | $-3315.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI China ETF                     | iShares MSCI China ETF                                  | CUSIP: 46429B671<br>LEI: 549300Q0IWAYMYXW0R77 | Long             | EC               | RF                | US        |      19824 | NS      | $1138492.32   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SALESFORCE INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -22 | NC      | $-4466.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | DOLLAR TREE INC                                         | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        416 | NC      | $12480.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WALMART INC                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        251 | NC      | $70782.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | DELTA AIR LINES INC                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -9 | NC      | $-846.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ORACLE CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        312 | NC      | $5772.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                     | SAP SE                                                  | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      53137 | NS      | $15234377.90  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | HOME DEPOT INC/THE                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          7 | NC      | $6195.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | AMAZON.COM INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         36 | NC      | $38700.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | INVESCO QQQ TRUST SERIES 1                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       1142 | NC      | $7423.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | DR HORTON INC                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          5 | NC      | $4500.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR GOLD SHARES                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -462 | NC      | $-3234.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | AMAZON.COM INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -215 | NC      | $-137062.50   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED CNY / SOLD USD                                | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | CN        |          1 | NC      | $-10257.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | NVIDIA CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -83 | NC      | $-28220.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | HILTON WORLDWIDE HOLDINGS INC                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -5 | NC      | $-450.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR GOLD SHARES                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -487 | NC      | $-7305.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | TRANE TECHNOLOGIES PLC                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | IE        |         -7 | NC      | $-1155.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | APOLLO GLOBAL MANAGEMENT INC                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -33 | NC      | $-7920.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | DR HORTON INC                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -7 | NC      | $-2730.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                              | McKesson Corp                                           | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      25079 | NS      | $17393289.66  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Regional Banking ETF              | SPDR S&P Regional Banking ETF                           | CUSIP: 78464A698<br>LEI: 549300EFWJBKUN6WJX52 | Long             | EC               | RF                | US        |       9865 | NS      | $592491.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR S+P 500 ETF TRUST                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       1317 | NC      | $198208.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CYBERARK SOFTWARE LTD                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | IL        |        -22 | NC      | $-20350.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                       | PURCHASED CHF / SOLD USD                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | CH        |          1 | NC      | $254971.91    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Gold Shares                           | SPDR Gold Shares                                        | CUSIP: 78463V107<br>LEI: 549300SMREV46EHBHL79 | Long             | EC               | RF                | US        |      79366 | NS      | $24044723.36  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc               | United Airlines Holdings Inc                            | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      33386 | NS      | $2948317.66   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KraneShares CSI China Internet ETF         | KraneShares CSI China Internet ETF                      | CUSIP: 500767306<br>LEI: 549300URDNVSGEWBN526 | Long             | EC               | RF                | US        |      86016 | NS      | $3048407.04   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | JPMORGAN CHASE + CO                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -15 | NC      | $-8812.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | TJX COS INC/THE                                         | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -27 | NC      | $-2322.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR S+P REGIONAL BANKING ETF                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        362 | NC      | $38372.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                  | Apple Inc                                               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     263365 | NS      | $54666673.05  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank PLC                              | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | JP        |          1 | NC      | $-8466.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | WELLS FARGO + CO                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -90 | NC      | $-2475.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | VALERO ENERGY CORP                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          5 | NC      | $182.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | BOEING CO/THE                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -19 | NC      | $-8692.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd  | Taiwan Semiconductor Manufacturing Co Ltd               | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      44929 | NS      | $10855744.98  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | INTUIT INC                                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -3 | NC      | $-4170.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                             | PURCHASED GBP / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | GB        |          1 | NC      | $-65106.69    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                     | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | JP        |          1 | NC      | $-197140.95   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | VERTIV HOLDINGS CO                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         14 | NC      | $12775.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                | E-MINI RUSS 2000 SEP25                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         50 | NC      | $254474.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | FREEPORT-MCMORAN INC                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -160 | NC      | $-2320.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ISHARES RUSSELL 2000 ETF                                | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        367 | NC      | $65876.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR S+P 500 ETF TRUST                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       1495 | NC      | $12707.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | BOEING CO/THE                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -52 | NC      | $-31850.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                           | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |          1 | NC      | $2931.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | ALPHABET INC                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         32 | NC      | $20720.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR S+P REGIONAL BANKING ETF                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        895 | NC      | $48777.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CHEVRON CORP                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -12 | NC      | $-408.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank PLC                              | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | JP        |          1 | NC      | $-10576.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                | PURCHASED USD / SOLD GBP                                | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $17690.43     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                       | Tencent Holdings Ltd                                    | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |       3424 | NS      | $239721.76    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | ISHARES CHINA LARGE-CAP ETF                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       2204 | NC      | $121220.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                        | Delta Air Lines Inc                                     | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     146053 | NS      | $7771480.13   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Exchange                             | NIKKEI 225 (OSE) SEP25                                  | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |         50 | NC      | $887268.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | INTUITIVE SURGICAL INC                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          3 | NC      | $165.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR GOLD SHARES                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        704 | NC      | $92224.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR S+P RETAIL ETF                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        280 | NC      | $96600.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | BROADCOM INC                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -54 | NC      | $-37125.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WALMART INC                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -49 | NC      | $-3332.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                          | PURCHASED USD / SOLD CNY                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $7899.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | MICRON TECHNOLOGY INC                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -20 | NC      | $-2850.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                    | CRH PLC                                                 | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     112113 | NS      | $10701185.85  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | MASTERCARD INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          4 | NC      | $4290.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WILLIAMS COS INC/THE                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         29 | NC      | $4712.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                  | Flutter Entertainment PLC                               | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |      23426 | NS      | $7080742.76   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                             | Eli Lilly & Co                                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      42367 | NS      | $31354545.69  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | META PLATFORMS INC                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -9 | NC      | $-16852.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                        | JPMorgan Chase & Co                                     | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     115538 | NS      | $34226977.12  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | TESLA INC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -60 | NC      | $-15840.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                             | Amazon.com Inc                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     314663 | NS      | $73665754.93  | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                     | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |          1 | NC      | $6562.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | LIVE NATION ENTERTAINMENT INC                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -254 | NC      | $-19050.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce         | PURCHASED SGD / SOLD USD                                | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | SG        |          1 | NC      | $-30485.65    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | TRANSDIGM GROUP INC                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -3 | NC      | $-10005.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                     | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |          1 | NC      | $46590.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | WALT DISNEY CO/THE                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -15 | NC      | $-2100.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                     | PURCHASED USD / SOLD HKD                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |          1 | NC      | $31131.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Coinbase Global Inc                        | Coinbase Global Inc                                     | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |       2285 | NS      | $863181.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | STRYKER CORP                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          7 | NC      | $5250.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ALPHABET INC                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -70 | NC      | $-56000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ALPHABET INC                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -99 | NC      | $-19552.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                 | Capital One Financial Corp                              | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     126953 | NS      | $27294895.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                          | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |          1 | NC      | $-5542.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Confluent Inc                              | Confluent Inc                                           | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |     342690 | NS      | $6074180.25   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CAMECO CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | CA        |         22 | NC      | $1650.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SPDR S+P REGIONAL BANKING ETF                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        444 | NC      | $8880.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank PLC                              | PURCHASED GBP / SOLD USD                                | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | GB        |          1 | NC      | $-10225.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-23

**Name of Applicant:** Managed Account Series

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer