# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001004726-25-001618
**Filing Date:** 2025-10
**Character Count:** 157901
**Document Hash:** 72d051cf101415b125e11363a5e0cb1e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-001618.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001004726-25-001618

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS III
- **CENTRAL INDEX KEY:** 0000908695

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 251422631

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Victory Cornerstone Moderately Aggressive Fund (Formerly USAA Cornerstone Moderately Aggressive Fund) (Series ID: S000012926)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000034896 | Victory Cornerstone Moderately Aggressive Fund | USCRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios III

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

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

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

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

- **a. Name of Series:** Victory Cornerstone Moderately Aggressive Fund

- **b. EDGAR series identifier (if any):** S000012926

- **c. LEI of Series:** 549300RN6ZYPTMPMQJ29

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**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:** $2874870073.30

**Total Liabilities:** $61745779.11

**Net Assets:** $2813124294.19

**Cash Not Reported:** $13342919.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000034896 | 3.10%                | 0.32%                | 2.71%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $42438727.12             | $27534660.37                               |
| Month 2  | $15692663.14             | $-9860523.89                               |
| Month 3  | $54692989.56             | $17804235.43                               |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Everest Group, Ltd.                                                              | EVEREST GROUP LTD                                 | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      8774 | NS      | $2999655.12   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR HOLDINGS, INC.                                                               | QCR HOLDINGS INC                                  | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |      2930 | NS      | $229653.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CURBLINE PROPERTIES CORP.                                                        | CURBLINE PROPERTIES CORP                          | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |      8538 | NS      | $192361.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EBAY INC.                                                                        | EBAY INC                                          | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      5454 | NS      | $494186.94    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MUELLER INDUSTRIES, INC.                                                         | MUELLER INDUSTRIES INC                            | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      1627 | NS      | $156094.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTAMERICA BANCORPORATION                                                       | WESTAMERICA BANCORPORATION                        | CUSIP: 957090103<br>LEI: 984500CF4F8115C11D96 | Long             | EC               | CORP              | US        |      4321 | NS      | $216093.21    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Fundamental EM Equity ETF                                                 | SCHWAB FUNDAMENTAL EMERGING MARKETS EQUITY ETF    | CUSIP: 808524730<br>LEI: N/A                  | Long             |  | RF                | US        |   1247141 | NS      | $42951536.04  | 1.53%             |  |  |  | No            |                  1 | On Loan: —       |
| WHITESTONE REIT                                                                  | WHITESTONE REIT                                   | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11212 | NS      | $147549.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK HILLS CORPORATION                                                          | BLACK HILLS CORP                                  | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |      5732 | NS      | $342830.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc.                                                                      | TANGER INC                                        | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |      4011 | NS      | $137095.98    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                                                       | PRUDENTIAL FINANCIAL INC                          | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      3902 | NS      | $427893.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB FINANCIAL CORP.                                                              | CVB FINANCIAL CORP                                | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10660 | NS      | $214585.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENTIAL PROPERTIES REALTY TRUST, INC.                                          | ESSENTIAL PROPERTIES REALTY TRUST INC             | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     10830 | NS      | $339195.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Emerging Markets Value Momentum ETF                                | VICTORYSHARES EMERGING MARKETS                    | CUSIP: 92647N543<br>LEI: N/A                  | Long             |  | RF                | US        |    383044 | NS      | $20961163.59  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                                                              | ABBOTT LABORATORIES                               | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     48559 | NS      | $6441836.94   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands, Inc.                                                             | KONTOOR BRANDS INC                                | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |      3022 | NS      | $233449.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Winmark Corporation                                                              | WINMARK CORP                                      | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       562 | NS      | $260678.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp.                                                                   | FIRST BANCORP PUERTO RICO                         | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     21237 | NS      | $472098.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                                                              | CISCO SYSTEMS INC                                 | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    157102 | NS      | $10854177.18  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVIVA, INC.                                                                   | INNOVIVA INC                                      | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     12169 | NS      | $248612.67    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                                   | MORGAN STANLEY                                    | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      5301 | NS      | $797694.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS CORNING                                                                    | OWENS CORNING INC                                 | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     18671 | NS      | $2803824.07   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| REX AMERICAN RESOURCES CORPORATION                                               | REX AMERICAN RESOURCES CORP                       | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2218 | NS      | $138780.26    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORPORATION                                                   | CHIMERA INVESTMENT CORP                           | CUSIP: 16934Q802<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EC               | CORP              | US        |     11500 | NS      | $162955.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                                                       | KIMBERLY CLARK CORP                               | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     25127 | NS      | $3244900.78   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND                                   | GLDMN SCHS FIN SQ GV-FST                          | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  14880381 | NS      | $14880381.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDROCK HOSPITALITY COMPANY                                                  | DIAMONDROCK HOSPITALITY CO                        | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |     18039 | NS      | $154413.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Inc                                                                      | COMPASS INC                                       | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |     13955 | NS      | $126711.40    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr S&P Emerging Markets Small Cap Etf                                          | SPDR S P EMERGING MARKETS SMALLCAP ETF            | CUSIP: 78463X756<br>LEI: N/A                  | Long             |  | RF                | US        |    107983 | NS      | $7174390.52   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| APOGEE ENTERPRISES, INC.                                                         | APOGEE ENTERPRISES INC                            | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |      5084 | NS      | $223568.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Intl Quality Factor ETF                                             | ISHARES MSCI INTERNA                              | CUSIP: 46434V456<br>LEI: N/A                  | Long             |  | RF                | US        |    536871 | NS      | $23160614.94  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| PERDOCEO EDUCATION CORPORATION                                                   | PERDOCEO EDUCATION CORP                           | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |      4520 | NS      | $147984.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HAMILTON INSURANCE GROUP, LTD.                                                   | HAMILTON INSURANCE GROUP LTD                      | CUSIP: G42706104<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |      8159 | NS      | $194510.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares JPMorgan USD Emerging Markets Bond ETF                                   | ISHARES JP MORGAN ETF                             | CUSIP: 464288281<br>LEI: 54930070R8WH6MNUJG74 | Long             |  | RF                | US        |    282974 | NS      | $26633512.88  | 0.95%             |  |  |  | No            |                  1 | On Loan: —       |
| AMERIPRISE FINANCIAL, INC.                                                       | AMERIPRISE FINANCIAL INC                          | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     13769 | NS      | $7088418.89   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DIVERSIFIED HEALTHCARE TRUST                                                     | DIVERSIFIED HEALTHCARE TRUST                      | CUSIP: 25525P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39625 | NS      | $150971.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard European Stock Index Fund                                               | VANGUARD FTSE EUROPE ETF                          | CUSIP: 922042874<br>LEI: N/A                  | Long             |  | RF                | US        |    772948 | NS      | $60676418.00  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO FINANCIAL GROUP, INC.                                                        | CNO FINANCIAL GROUP INC                           | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |      3152 | NS      | $124409.44    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMVAULT SYSTEMS, INC.                                                          | COMMVAULT SYSTEMS INC                             | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      1562 | NS      | $291539.49    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                                                     | TENET HEALTHCARE CORP                             | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     16683 | NS      | $3075177.39   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADEMY SPORTS AND OUTDOORS, INC.                                                | ACADEMY SPORTS OUTDOORS INC                       | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5688 | NS      | $304592.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COMERICA INCORPORATED                                                            | COMERICA INC                                      | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |      1733 | NS      | $122315.14    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY                                                 | MEDTRONIC PLC                                     | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      6114 | NS      | $567440.34    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Europe Financials ETF                                               | ISHARES MSCI EUROPE FINANCIALS ETF                | CUSIP: 464289180<br>LEI: N/A                  | Long             |  | RF                | US        |    675966 | NS      | $22597543.38  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP, INC.                                                    | PEDIATRIX MEDICAL GROUP INC                       | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18660 | NS      | $321138.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC.                                                                          | HP INC                                            | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     10700 | NS      | $305378.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mortgage-Backed Secs Idx Fund                                           | VANGUARD MORTGAGE BACKED SECURITIES ETF           | CUSIP: 92206C771<br>LEI: N/A                  | Long             |  | RF                | US        |    594901 | NS      | $27734284.62  | 0.99%             |  |  |  | No            |                  1 | On Loan: —       |
| VISHAY INTERTECHNOLOGY, INC.                                                     | VISHAY INTERTECHNOLOGY INC                        | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |     17162 | NS      | $265324.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 0-5 Year TIPS Bond ETF                                                   | ISHARES 0 5 YEAR TIPS BOND ETF                    | CUSIP: 46429B747<br>LEI: 549300GIWSEGOQLZR212 | Long             |  | RF                | US        |    234479 | NS      | $24357678.52  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SYLVAMO CORPORATION                                                              | SYLVAMO CORP                                      | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |      8338 | NS      | $384631.94    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MURPHY OIL CORPORATION                                                           | MURPHY OIL CORP                                   | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |      6614 | NS      | $164424.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                                                               | FORD MOTOR CO                                     | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     43444 | NS      | $511335.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                                                                 | AMAZON COM INC                                    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     36832 | NS      | $8434528.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC, INC.                                                                        | RPC INC                                           | CUSIP: 749660106<br>LEI: 549300ZDXAFBC3SB4918 | Long             | EC               | CORP              | US        |     34131 | NS      | $162804.87    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE & COMPANY                                                                  | DEERE CO                                          | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       649 | NS      | $310637.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                                               | ALTRIA GROUP INC                                  | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     20719 | NS      | $1392523.99   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                                                       | BUILDERS FIRSTSOURCE INC                          | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |       920 | NS      | $127585.60    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ANYWHERE REAL ESTATE INC.                                                        | ANYWHERE REAL ESTATE INC                          | CUSIP: 75605Y106<br>LEI: 5493004HBTOTE9DI9P12 | Long             | EC               | CORP              | US        |     25799 | NS      | $157631.89    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CABOT CORPORATION                                                                | CABOT CORP                                        | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |      2073 | NS      | $169073.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL, INC                                                 | FIDELITY NATIONAL FINANCIAL                       | CUSIP: 31620R303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55662 | NS      | $3332483.94   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COMPANIES, INC.                                                           | LOWE S COS INC                                    | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     13069 | NS      | $3372586.14   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KROGER CO.                                                                   | KROGER CO THE                                     | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     53072 | NS      | $3600404.48   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco RAFI Developed Mkts ex-US ETF                                            | INVESCO RAFI DEVELOPED MARKETS EX US ETF          | CUSIP: 46138E743<br>LEI: N/A                  | Long             |  | RF                | US        |    268341 | NS      | $16145058.27  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                    | GOLDMAN SACHS GROUP INC THE                       | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     11177 | NS      | $8329659.25   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS, INC.                                                            | ARISTA NETWORKS INC                               | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     32587 | NS      | $4449754.85   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Free Cash Flow Growth ETF                                          | VICTORYSHARES FREE CASH FLOW GROWTH ETF           | CUSIP: 92647X764<br>LEI: N/A                  | Long             |  | RF                | US        |   3667525 | NS      | $100065485.61 | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ENNIS, INC.                                                                      | ENNIS INC                                         | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9224 | NS      | $168522.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORPORATION                                                               | CINTAS CORP                                       | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9503 | NS      | $1995915.09   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERBRAND, INC.                                                                | MASTERBRAND INC                                   | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |     18154 | NS      | $230737.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD.                                                                        | FLEX LTD                                          | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |     53689 | NS      | $2878804.18   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BANCSHARES CORPORATION                                             | INTERNATIONAL BANCSHARES CORPORATION              | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |      6249 | NS      | $447053.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HOLDINGS, INC.                                              | ALLISON TRANSMISSION HOLDING INC                  | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     28393 | NS      | $2478992.83   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERPARFUMS INC                                                                 | INTERPARFUMS INC                                  | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1385 | NS      | $159191.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET, INC.                                                                   | FORTINET INC                                      | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     48200 | NS      | $3796714.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN OIL AND GAS, INC.                                                       | NORTHERN OIL AND GAS INC                          | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     11305 | NS      | $295738.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONAL MANAGEMENT CORP.                                                        | REGIONAL MANAGEMENT CORP                          | CUSIP: 75902K106<br>LEI: 549300S5O87W87JW4146 | Long             | EC               | CORP              | US        |      3980 | NS      | $174483.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCO BRANDS CORPORATION                                                          | ACCO BRANDS CORP                                  | CUSIP: 00081T108<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | EC               | CORP              | US        |     36408 | NS      | $146360.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Tankers Ltd.                                                              | TEEKAY TANKERS LTD                                | CUSIP: G8726X106<br>LEI: 549300DE8ZAIYS2T6Q22 | Long             | EC               | CORP              | BM        |      4884 | NS      | $240146.28    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| POTLATCHDELTIC CORPORATION                                                       | POTLATCHDELTIC CORP                               | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |      5281 | NS      | $221960.43    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC.                                                            | BOOKING HOLDINGS INC                              | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       923 | NS      | $5167923.15   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial, Inc.                                                         | PATHWARD FINANCIAL INC                            | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |      2677 | NS      | $212741.19    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION                                      | INTERNATIONAL BUSINESS MACHINES CORP              | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     26665 | NS      | $6492660.85   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M COMPANY                                                                       | 3M CO                                             | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      4511 | NS      | $701595.83    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ADEIA INC.                                                                       | ADEIA INC                                         | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14887 | NS      | $223900.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PHINIA INC.                                                                      | PHINIA INC                                        | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |      4030 | NS      | $235674.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETROLEUM CORPORATION                                                   | MARATHON PETROLEUM CORP                           | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     20257 | NS      | $3640385.47   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CBL & ASSOCIATES PROPERTIES, INC.                                                | CBL ASSOCIATES PROPERTIES INC                     | CUSIP: 124830878<br>LEI: 529900EIVFBRS4PUBZ13 | Long             | EC               | CORP              | US        |      4134 | NS      | $131667.90    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                                                       | MSILF GOVERNMENT-INST                             | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  14880381 | NS      | $14880381.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| HURON CONSULTING GROUP INC.                                                      | HURON CONSULTING GROUP INC                        | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      1335 | NS      | $182841.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC.                                                                       | ADOBE INC                                         | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     10688 | NS      | $3812409.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III APPAREL GROUP, LTD.                                                        | G III APPAREL GROUP LTD                           | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |      8820 | NS      | $238140.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CATHAY GENERAL BANCORP                                                           | CATHAY GENERAL BANCORP                            | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |      7575 | NS      | $378068.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH, INC.                                                                   | DOORDASH INC                                      | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     11398 | NS      | $2795359.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKSTONE MORTGAGE TRUST, INC.                                                  | BLACKSTONE MORTGAGE TRUST INC                     | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |     11824 | NS      | $231277.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| BEST BUY CO., INC.                                                               | BEST BUY CO INC                                   | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      3792 | NS      | $279242.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco DB Commodity Index Tracking Fund                                         | INVESCO DB COMMODITY INDEX TRACKING FUND          | CUSIP: 46138B103<br>LEI: N/A                  | Long             |  | RF                | US        |    256100 | NS      | $5687981.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| THE PNC FINANCIAL SERVICES GROUP, INC.                                           | PNC FINANCIAL SERVICES GROUP INC                  | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      6842 | NS      | $1419304.48   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY, INC.                                                                   | TAPESTRY INC                                      | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     29127 | NS      | $2965711.14   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIRA BIOSCIENCES, INC.                                                         | PACIRA BIOSCIENCES INC                            | CUSIP: 695127100<br>LEI: 549300P56LERYBDHCF69 | Long             | EC               | CORP              | US        |      4423 | NS      | $117961.41    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 NETWORKS, INC.                                                               | A10 NETWORKS INC                                  | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     15293 | NS      | $270839.03    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS, INC.                                                             | STEEL DYNAMICS INC                                | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     25632 | NS      | $3355741.44   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BOX, INC.                                                                        | BOX INC CLASS A                                   | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |      3461 | NS      | $112932.43    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES HOLDINGS, INC.                                                   | UNITED AIRLINES HOLDINGS INC                      | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     55566 | NS      | $5834430.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Real Estate Index Fund                                                  | VANGUARD REAL ESTATE ETF                          | CUSIP: 922908553<br>LEI: N/A                  | Long             |  | RF                | US        |     53025 | NS      | $4891026.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KRAFT HEINZ COMPANY                                                          | KRAFT HEINZ CO THE                                | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |      7138 | NS      | $199649.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDER & BALDWIN, INC.                                                        | ALEXANDER BALDWIN INC                             | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8905 | NS      | $172222.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. HORTON, INC.                                                                | DR HORTON INC                                     | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      3230 | NS      | $547420.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC.                                                       | PALANTIR TECHNOLOGIES INC                         | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     49846 | NS      | $7811366.66   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHEAST COMMUNITY BANCORP, INC.                                                | NORTHEAST COMMUNITY BANCORP INC                   | CUSIP: 664121100<br>LEI: 5493007BRYL8596Q9L26 | Long             | EC               | CORP              | US        |     12352 | NS      | $278537.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW INC.                                                                        | DNOW INC                                          | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |     25989 | NS      | $415824.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORPORATION                                                     | COSTCO WHOLESALE CORP                             | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      6687 | NS      | $6307980.84   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST FINANCIAL BANCORP.                                                         | FIRST FINANCIAL BANCORP                           | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     13737 | NS      | $363755.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                                                         | STATE STREET CORP                                 | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      6835 | NS      | $785819.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ACUITY INC.                                                                      | ACUITY INC                                        | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9956 | NS      | $3250335.32   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Company                                                   | EDGEWELL PERSONAL CARE CO                         | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |      6876 | NS      | $165161.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco RAFI Emerging Markets ETF                                                | INVESCO RAFI EMERGING MARKETS ETF                 | CUSIP: 46138E727<br>LEI: N/A                  | Long             |  | RF                | US        |    999229 | NS      | $24371195.31  | 0.87%             |  |  |  | No            |                  1 | On Loan: —       |
| UFP INDUSTRIES, INC.                                                             | UFP INDUSTRIES INC                                | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      1752 | NS      | $176899.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORPORATION                                                                  | KLA CORP                                          | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1679 | NS      | $1464088.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                                                | JOHNSON JOHNSON                                   | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     43231 | NS      | $7659236.27   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INCORPORATED                                                            | QUALCOMM INC                                      | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     42416 | NS      | $6817523.68   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| KB HOME                                                                          | KB HOME                                           | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |      3589 | NS      | $228080.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL, INC.                                                       | COREBRIDGE FINANCIAL INC                          | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |      7391 | NS      | $256985.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BREAD FINANCIAL HOLDINGS, INC.                                                   | BREAD FINANCIAL HOLDINGS                          | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |      6430 | NS      | $425601.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC.                                                                     | CUMMINS INC                                       | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     19578 | NS      | $7800658.32   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTREME NETWORKS, INC.                                                           | EXTREME NETWORKS INC                              | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     14670 | NS      | $313644.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CINCINNATI FINANCIAL CORPORATION                                                 | CINCINNATI FINANCIAL CORP                         | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |      9815 | NS      | $1507584.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares International Free Cash Flow ETF                                   | VICTORYSHARES INTERNATIONAL FREE CASH FLOW ETF    | CUSIP: 92647X756<br>LEI: N/A                  | Long             |  | RF                | US        |   1715000 | NS      | $46589175.50  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS, INC.                                                            | PAYPAL HOLDINGS INC                               | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     56500 | NS      | $3965735.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                                         | AMERICAN EXPRESS CO                               | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     13205 | NS      | $4374552.40   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWARD SPECIALTY INSURANCE GROUP, INC.                                          | SKYWARD SPECIALTY INSURANCE GROUP INC             | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |      5711 | NS      | $275841.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Net Lease Office Properties                                                      | NET LEASE OFFICE PROPERTIES                       | CUSIP: 64110Y108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4022 | NS      | $119131.64    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CARGURUS, INC.                                                                   | CARGURUS INC                                      | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |      6857 | NS      | $237252.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP, INC.                                               | AMERICAN INTERNATIONAL GROUP INC                  | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |      7257 | NS      | $590139.24    | 0.02%             |  |  |  | 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             |  | RF                | US        |    139690 | NS      | $16489007.60  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, INC.                                                                         | F5 Inc                                            | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |     12408 | NS      | $3885441.12   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX, INC.                                                                    | DROPBOX INC                                       | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     98252 | NS      | $2855203.12   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SM ENERGY COMPANY                                                                | SM ENERGY CO                                      | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |      8306 | NS      | $237136.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares 20+ Year Treasury Bond ETF                               | ISHARES 20 YEAR TREASURY BO                       | CUSIP: 464287432<br>LEI: 549300WWURKS1JGBZU59 | Long             |  | RF                | US        |    315420 | NS      | $27315372.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextracker Inc                                                                   | NEXTRACKER INC                                    | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1928 | NS      | $129677.28    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ADAPTHEALTH CORP.                                                                | ADAPTHEALTH CORP                                  | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22421 | NS      | $212775.29    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISIGN, INC.                                                                   | VERISIGN INC                                      | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |     14358 | NS      | $3925046.46   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| RANGER ENERGY SERVICES, INC.                                                     | RANGER ENERGY SERVICES INC                        | CUSIP: 75282U104<br>LEI: 549300J7RIVGVAN0RE23 | Long             | EC               | CORP              | US        |     13749 | NS      | $196198.23    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| XENIA HOTELS & RESORTS, INC.                                                     | XENIA HOTELS RESORTS INC                          | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |     11902 | NS      | $168175.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P 500 ETF                                                         | ISHARES CORE S P 500 ETF                          | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             |  | RF                | US        |    223079 | NS      | $144626577.28 | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE, INC.                                                      | UNITED PARCEL SERVICE INC                         | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      8003 | NS      | $699782.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares, Inc - iShares MSCI Japan ETF                                            | ISHARES MSCI JAPAN ETF                            | CUSIP: 46434G822<br>LEI: 5493008I6YRUC6I0S051 | Long             |  | RF                | US        |    845923 | NS      | $66218852.44  | 2.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Matson Inc                                                                       | MATSON INC                                        | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |      2855 | NS      | $297062.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Fundamental Intl Equity ETF                                               | SCHWAB FUNDAMENTAL INTERNATIONAL EQUITY ETF       | CUSIP: 808524755<br>LEI: N/A                  | Long             |  | RF                | US        |   1968469 | NS      | $82734752.07  | 2.94%             |  |  |  | No            |                  1 | On Loan: —       |
| WINNEBAGO INDUSTRIES, INC.                                                       | WINNEBAGO INDUSTRIES INC                          | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |      5293 | NS      | $190442.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.                                                   | LYONDELLBASELL INDUSTRIES NV                      | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |      8545 | NS      | $481510.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| THE MOSAIC COMPANY                                                               | THE MOSAIC CO                                     | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      8341 | NS      | $278589.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                                              | COMCAST CORP                                      | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    125190 | NS      | $4252704.30   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| THE VITA COCO COMPANY, INC.                                                      | VITA COCO CO INC THE                              | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |      6439 | NS      | $230129.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EVOLUTION PETROLEUM CORPORATION                                                  | EVOLUTION PETROLEUM CORP                          | CUSIP: 30049A107<br>LEI: 549300P9ZXGJZ6SSM116 | Long             | EC               | CORP              | US        |     33896 | NS      | $174903.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL ELECTRIC COMPANY                                                         | GENERAL ELECTRIC CO                               | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      7016 | NS      | $1930803.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HOPE BANCORP, INC.                                                               | HOPE BANCORP INC                                  | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |     20098 | NS      | $223690.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP, INC.                                                              | EXPEDIA GROUP INC                                 | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21227 | NS      | $4559559.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDUSTRIES, INC.                                                             | PPG INDUSTRIES INC                                | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      2784 | NS      | $309664.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ELECTRONIC ARTS INC.                                                             | ELECTRONIC ARTS INC                               | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     17281 | NS      | $2971467.95   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES, INC.                                                  | UNIVERSAL HEALTH SERVICES                         | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      7082 | NS      | $1285949.56   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ENOVA INTERNATIONAL, INC.                                                        | ENOVA INTERNATIONAL INC                           | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |      2218 | NS      | $269043.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DIME COMMUNITY BANCSHARES, INC.                                                  | DIME COMMUNITY BANCSHARES                         | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7585 | NS      | $233314.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                                            | INVESCO GVT & AGNCY-INST                          | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  14880381 | NS      | $14880381.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                                                                | MERCK CO INC                                      | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    111313 | NS      | $9363649.56   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| OLYMPIC STEEL, INC.                                                              | OLYMPIC STEEL INC                                 | CUSIP: 68162K106<br>LEI: 549300GQ061U6N6KWJ49 | Long             | EC               | CORP              | US        |      6865 | NS      | $231419.15    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORPORATION                                                                  | FOX CORP CLASS A                                  | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      3623 | NS      | $216293.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| T. ROWE PRICE GROUP, INC.                                                        | T ROWE PRICE GROUP INC                            | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      2460 | NS      | $264745.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE ENERGY CORP.                                                                 | OGE ENERGY CORP                                   | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     21465 | NS      | $958626.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Limited                                                          | SIGNET JEWELERS LTD                               | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |      5533 | NS      | $487180.65    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                                                     | EVERGY INC                                        | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     32389 | NS      | $2308040.14   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ANDERSONS, INC                                                               | THE ANDERSONS INC                                 | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |      5490 | NS      | $224541.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NATHAN'S FAMOUS, INC.                                                            | NATHAN S FAMOUS INC                               | CUSIP: 632347100<br>LEI: 54930034SKNSF1JIE673 | Long             | EC               | CORP              | US        |       981 | NS      | $102710.70    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INSIGHT ENTERPRISES, INC.                                                        | INSIGHT ENTERPRISES INC                           | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |      1712 | NS      | $222833.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS, INC.                                                     | CF INDUSTRIES HOLDINGS INC                        | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     31198 | NS      | $2702682.74   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST, INC.                                                    | NEW YORK MORTGAGE TRUST INC                       | CUSIP: 649604840<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EC               | CORP              | US        |     20317 | NS      | $146688.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGAN, INC.                                                                      | ARGAN INC                                         | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      1295 | NS      | $295544.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US, INC.                                                                | T MOBILE US INC                                   | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     12785 | NS      | $3221692.15   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of N.T. Butterfield & Son Limited                                       | BANK OF NT BUTTERFIELD SON LTD THE                | CUSIP: G0772R208<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |      9840 | NS      | $443980.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL FUSE INC.                                                                    | BEL FUSE INC                                      | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |      1327 | NS      | $178561.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CARETRUST REIT, INC.                                                             | CARETRUST REIT INC                                | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |      9554 | NS      | $328753.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORPORATION                                                              | NEWMONT CORP                                      | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     62452 | NS      | $4646428.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP, INC.                                                                     | NETAPP INC                                        | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     32053 | NS      | $3615257.87   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC.                                                                 | GEN DIGITAL INC                                   | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |    106592 | NS      | $3219078.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                                               | HEWLETT PACKARD ENTERPRISES CO                    | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    125150 | NS      | $2824635.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIAN ASSET MANAGEMENT INC.                                                    | ACADIAN ASSET MANAGEMENT INC                      | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |      5330 | NS      | $271670.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. BERKLEY CORPORATION                                                        | WR BERKLEY CORP                                   | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      3708 | NS      | $265826.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT PARTNERS INC.                                                                | PJT PARTNERS INC                                  | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |      1392 | NS      | $249168.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOGEN INC.                                                                      | BIOGEN INC                                        | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      2663 | NS      | $352101.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENT GROUP LTD                                                                 | ESSENT GROUP LTD                                  | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |      3547 | NS      | $222538.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS, INC.                                                     | ZIMMER BIOMET HOLDINGS INC                        | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      5488 | NS      | $582276.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SANMINA CORPORATION                                                              | SANMINA CORP                                      | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |      1776 | NS      | $208715.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                                                    | ALPHABET INC CLASS C                              | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     84967 | NS      | $18143003.51  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                                                       | QUALYS INC                                        | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |      1843 | NS      | $250297.83    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EXLSERVICE HOLDINGS, INC.                                                        | EXLSERVICE HOLDINGS INC                           | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |      2394 | NS      | $104809.32    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CORVEL CORPORATION                                                               | CORVEL CORP                                       | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2775 | NS      | $247113.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ALLSTATE CORPORATION                                                         | ALLSTATE CORP THE                                 | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     16968 | NS      | $3452139.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC.                                                                       | APPLE INC                                         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    121994 | NS      | $28319687.16  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OSHKOSH CORPORATION                                                              | OSHKOSH CORP                                      | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      1142 | NS      | $159160.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PC CONNECTION, INC.                                                              | PC CONNECTION INC                                 | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |      2513 | NS      | $161359.73    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 7-10 Year Treasury Bond ETF                                              | ISHARES 7 10 YEAR TREASURY BOND ETF               | CUSIP: 464287440<br>LEI: N/A                  | Long             |  | RF                | US        |    396847 | NS      | $38156839.05  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB GROUP, INC.                                                                  | HUB GROUP INC CL A                                | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5488 | NS      | $205360.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                                            | WELLS FARGO CO                                    | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     13038 | NS      | $1071462.84   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CNB FINANCIAL CORPORATION                                                        | CNB FINANCIAL CORP PA                             | CUSIP: 126128107<br>LEI: 254900RUYUOKD91VNX69 | Long             | EC               | CORP              | US        |      9333 | NS      | $245551.23    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                                                          | DUKE ENERGY CORP                                  | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      3532 | NS      | $432634.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TEREX CORPORATION                                                                | TEREX CORPORATION                                 | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |      5794 | NS      | $289352.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS, INC.                                                             | CONAGRA BRANDS INC                                | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |      9213 | NS      | $176244.69    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD SECOND BANCORP, INC.                                                         | OLD SECOND BANCORP INC                            | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |     19783 | NS      | $365194.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HOST HOTELS & RESORTS, INC.                                                      | HOST HOTELS RESORTS INC                           | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     21781 | NS      | $374851.01    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTUNE BRANDS INNOVATIONS, INC.                                                 | FORTUNE BRANDS INNOVATION                         | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |      4897 | NS      | $286572.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE, INC.                                                                 | SALESFORCE INC                                    | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      9235 | NS      | $2366468.75   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 1-3 Year Treasury Bond ETF                                               | ISHARES 1 3 YEAR TREASURY BOND ETF                | CUSIP: 464287457<br>LEI: 549300W0WX9TL4G6HM56 | Long             |  | RF                | US        |    307256 | NS      | $25496102.88  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNCOKE ENERGY, INC.                                                             | SUNCOKE ENERGY INC                                | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |     24126 | NS      | $186252.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLERKNOLL, INC.                                                                | MILLERKNOLL INC                                   | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |      9786 | NS      | $206582.46    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                                      | LOCKHEED MARTIN CORP                              | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      6678 | NS      | $3042697.14   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                                                            | GILEAD SCIENCES INC                               | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     57754 | NS      | $6524469.38   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MOHAWK INDUSTRIES, INC.                                                          | MOHAWK INDUSTRIES INC                             | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |      1065 | NS      | $141314.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Media, Inc                                                                  | GRAY MEDIA INC                                    | CUSIP: 389375106<br>LEI: 529900TM5726KDN7UU35 | Long             | EC               | CORP              | US        |     41766 | NS      | $256025.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELIXIS, INC.                                                                   | EXELIXIS INC                                      | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     48837 | NS      | $1827480.54   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CAMPBELL'S COMPANY                                                           | THE CAMPBELL S COMPANY                            | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |      7167 | NS      | $228842.31    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BUCKLE, INC.                                                                 | BUCKLE INC THE                                    | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |      5081 | NS      | $287533.79    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TOLL BROTHERS, INC.                                                              | TOLL BROTHERS INC                                 | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     27040 | NS      | $3758560.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Short-Term Bond ETF                                                | VICTORYSHARES SHORT TERM BOND ETF                 | CUSIP: 92647N535<br>LEI: N/A                  | Long             |  | RF                | US        |    991350 | NS      | $50519196.00  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI SA                                                                        | SANOFI ADR                                        | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             |  | CORP              | FR        |      8264 | NS      | $408902.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan BetaBuilders Canada ETF                                                 | JPMORGAN BETABUILDERS CANADA ETF                  | CUSIP: 46641Q225<br>LEI: N/A                  | Long             |  | RF                | US        |    337496 | NS      | $28690534.96  | 1.02%             |  |  |  | No            |                  1 | On Loan: —       |
| IDT CORPORATION                                                                  | IDT CORP                                          | CUSIP: 448947507<br>LEI: 549300JNTN7ZMJDFCL56 | Long             | EC               | CORP              | US        |      3525 | NS      | $225846.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMARK GROUP, INC.                                                              | NEWMARK GROUP INC                                 | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11206 | NS      | $204061.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HARMONY BIOSCIENCES HOLDINGS, INC.                                               | HARMONY BIOSCIENCES HOLDINGS INC                  | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7180 | NS      | $264870.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DIODES INCORPORATED                                                              | DIODES INC                                        | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |      4937 | NS      | $268745.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC.                                                                  | GE VERNOVA LLC                                    | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     11860 | NS      | $7269824.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CAL-MAINE FOODS, INC.                                                            | CAL MAINE FOODS INC                               | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      3814 | NS      | $441050.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRI POINTE HOMES, INC.                                                           | TRI POINTE HOMES INC                              | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9298 | NS      | $328498.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FRONTDOOR, INC.                                                                  | FRONTDOOR INC                                     | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |      3544 | NS      | $215298.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings, Inc                                                               | PROG HOLDINGS INC                                 | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |      3226 | NS      | $113684.24    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORPORATION                                                         | RALPH LAUREN CORP                                 | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     11350 | NS      | $3370155.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORPORATION                                                               | TARGET CORP                                       | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      6646 | NS      | $637883.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEGRA LIFESCIENCES HOLDINGS CORPORATION                                        | INTEGRA LIFESCIENCES HOLDINGS                     | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |     16310 | NS      | $246770.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIFF DAVIS, INC.                                                                 | ZIFF DAVIS INC                                    | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |      6346 | NS      | $242480.66    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares, Inc.                                                        | LIVE OAK BANCSHARES INC                           | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5070 | NS      | $196158.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC.                                                                     | WALMART INC                                       | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     77202 | NS      | $7487049.96   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADSTONE NET LEASE, INC.                                                       | BROADSTONE NET LEASE INC                          | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     13754 | NS      | $255686.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECT MEDICAL HOLDINGS CORPORATION                                              | SELECT MEDICAL HOLDINGS CORP                      | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21287 | NS      | $276943.87    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                                                             | EDISON INTERNATIONAL                              | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     35538 | NS      | $1994747.94   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                                                              | CENTENE CORP                                      | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     49814 | NS      | $1446598.56   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RESIDEO TECHNOLOGIES, INC.                                                       | RESIDEO TECHNOLOGIES INC                          | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |      7034 | NS      | $239507.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS COMPANY                                                           | GENERAL MOTORS CO                                 | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |    133643 | NS      | $7830143.37   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX, INC.                                                                    | NETFLIX INC                                       | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      7157 | NS      | $8647445.25   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCIAL METALS COMPANY                                                        | COMMERCIAL METALS COMPANY                         | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      2040 | NS      | $117646.80    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS CAPITAL HOLDINGS LIMITED                                                    | AXIS CAPITAL HOLDINGS LTD                         | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |     12910 | NS      | $1272667.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DELUXE CORPORATION                                                               | DELUXE CORP                                       | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |     11371 | NS      | $223553.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                                                         | MOTOROLA SOLUTIONS INC                            | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      5688 | NS      | $2687352.48   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| 1ST SOURCE CORPORATION                                                           | FIRST SOURCE                                      | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5620 | NS      | $362040.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.                                                            | CARDINAL HEALTH INC                               | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     41490 | NS      | $6172882.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                                                        | VALERO ENERGY CORP                                | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     19532 | NS      | $2969059.32   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                                                   | CITIZENS FINANCIAL GROUP INC                      | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      5881 | NS      | $307458.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INCORPORATED                                                           | INGREDION INC                                     | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      8604 | NS      | $1114562.16   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR, Inc.                                                                        | NVR INC                                           | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |        41 | NS      | $332823.65    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTICUS HOLDINGS CORPORATION                                                  | ATLANTICUS HOLDINGS CORP                          | CUSIP: 04914Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2081 | NS      | $138802.70    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP, INC.                                                                | EMCOR GROUP INC                                   | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     10399 | NS      | $6447380.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE All World ex US Index Fund Investor Shares                         | VANGUARD FTSE ALL WORLD EX US ETF                 | CUSIP: 922042775<br>LEI: N/A                  | Long             |  | RF                | US        |    344002 | NS      | $23859978.72  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD INSURANCE GROUP, INC.                                               | HARTFORD INSURANCE GROUP INC                      | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     25056 | NS      | $3315159.36   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINANCIAL INC.                                                              | ALLY FINANCIAL INC                                | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |      3623 | NS      | $148724.15    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| YELP INC.                                                                        | YELP INC                                          | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |      7595 | NS      | $240153.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COHEN & STEERS, INC.                                                             | COHEN STEERS INC                                  | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |      1874 | NS      | $138413.64    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                      | BANK OF AMERICA CORP                              | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     18192 | NS      | $923062.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL INSURANCE HOLDINGS, INC.                                               | UNIVERSAL INSURANCE HOLDINGS INC                  | CUSIP: 91359V107<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | EC               | CORP              | US        |      8903 | NS      | $217144.17    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CLIMB GLOBAL SOLUTIONS, INC.                                                     | CLIMB GLOBAL SOLUTIONS INC                        | CUSIP: 946760105<br>LEI: 549300LKM16VX2FG7J68 | Long             | EC               | CORP              | US        |      1910 | NS      | $235999.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO CORPORATION                                                                 | AGCO CORP                                         | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      1919 | NS      | $207616.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                                                 | PHILIP MORRIS INTERNATIONAL INC                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     36660 | NS      | $6126985.80   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGALZOOM.COM, INC.                                                              | LEGALZOOM COM INC                                 | CUSIP: 52466B103<br>LEI: 5493000L8EBF74Y9JZ48 | Long             | EC               | CORP              | US        |     24233 | NS      | $268501.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Core Plus Int Bd ETF                                               | VICTORYSHARES CORE PLUS INTERMEDIATE BOND ETF     | CUSIP: 92647X863<br>LEI: N/A                  | Long             |  | RF                | US        |   8819323 | NS      | $193319560.16 | 6.87%             |  |  |  | No            |                  1 | On Loan: —       |
| INTERACTIVE BROKERS GROUP, INC.                                                  | INTERACTIVE BROKERS GROUP INC                     | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     71049 | NS      | $4422089.76   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                                                                      | PROGYNY INC                                       | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9865 | NS      | $233504.55    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GENIE ENERGY LTD.                                                                | GENIE ENERGY LTD                                  | CUSIP: 372284208<br>LEI: 52990057E36X8869GX58 | Long             | EC               | CORP              | US        |      1843 | NS      | $28197.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMKOR TECHNOLOGY, INC.                                                           | AMKOR TECHNOLOGY INC                              | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |      4245 | NS      | $102686.55    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                                                                      | ABBVIE INC                                        | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     44053 | NS      | $9268751.20   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| JAKKS PACIFIC, INC.                                                              | JAKKS PACIFIC INC                                 | CUSIP: 47012E403<br>LEI: 549300UEF3348JRXQ295 | Long             | EC               | CORP              | US        |      9762 | NS      | $173470.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GREIF, INC.                                                                      | GREIF INC CL A                                    | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |      3244 | NS      | $211865.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC.                                                                 | CATERPILLAR INC                                   | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1146 | NS      | $480219.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TAYLOR MORRISON HOME CORPORATION                                                 | TAYLOR MORRISON HOME CORP                         | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |      6675 | NS      | $449694.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANSIX INC.                                                                    | ADVANSIX INC                                      | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |     10015 | NS      | $214921.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOM COMMUNICATIONS, INC.                                                        | ZOOM COMMUNICATIONS INC                           | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     37247 | NS      | $3032650.74   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GROUP, INC.                                                            | PARAMOUNT GROUP INC                               | CUSIP: 69924R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23689 | NS      | $170560.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG BANCORP                                                                      | OFG BANCORP                                       | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |      9207 | NS      | $412013.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SPROUTS FARMERS MARKET, INC.                                                     | SPROUTS FARMERS MARKET INC                        | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      1201 | NS      | $168788.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                                                          | EXXON MOBIL CORP                                  | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      7654 | NS      | $874775.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                                                                   | TECHNIPFMC PLC                                    | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     80245 | NS      | $2949806.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                          | BRISTOL MYERS SQUIBB CO                           | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     50202 | NS      | $2368530.36   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| REV GROUP, INC.                                                                  | REV GROUP INC                                     | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |      4888 | NS      | $260090.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HAMILTON BEACH BRANDS HOLDING COMPANY                                            | HAMILTON BEACH BRANDS HOLDING CO                  | CUSIP: 40701T104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7794 | NS      | $114883.56    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAR SECURE, INC.                                                               | CLEAR SECURE INC                                  | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9246 | NS      | $335722.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                                                      | PFIZER INC                                        | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    221100 | NS      | $5474436.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING, INC.                                                  | AUTOMATIC DATA PROCESSING INC                     | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     25821 | NS      | $7850875.05   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GENCO SHIPPING & TRADING LIMITED                                                 | GENCO SHIPPING TRADING LTD                        | CUSIP: Y2685T131<br>LEI: 5493003MBZ5GU8QHXZ58 | Long             | EC               | CORP              | MH        |     10338 | NS      | $174091.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RECKITT BENCKISER GROUP PLC                                                      | RECKITT BENCKISER GROUP PLC                       | CUSIP: 756255204<br>LEI: 5493003JFSMOJG48V108 | Long             |  | CORP              | GB        |      9627 | NS      | $144886.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PEAKSTONE REALTY TRUST.                                                          | PEAKSTONE REALTY TRUST                            | CUSIP: 39818P799<br>LEI: 549300EZQXWQI2YL1T80 | Long             | EC               | CORP              | US        |     11110 | NS      | $141319.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINET GROUP, INC.                                                               | TRINET GROUP INC                                  | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |      2159 | NS      | $156354.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTISAN PARTNERS ASSET MANAGEMENT INC.                                           | ARTISAN PARTNERS ASSET MA A                       | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |      5799 | NS      | $271335.21    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Intl Momentum Factor ETF                                            | ISHARES MSCI INTERNAL MOM                         | CUSIP: 46434V449<br>LEI: N/A                  | Long             |  | RF                | US        |    507674 | NS      | $23627147.96  | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| KORN FERRY                                                                       | KORN FERRY                                        | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |      3078 | NS      | $228202.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMMONS FIRST NATIONAL CORPORATION                                               | SIMMONS FIRST NATL CORP CL A                      | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |     11118 | NS      | $231032.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FARMLAND PARTNERS INC.                                                           | FARMLAND PARTNERS INC                             | CUSIP: 31154R109<br>LEI: 549300LB188CHPZ4IL37 | Long             | EC               | CORP              | US        |     12429 | NS      | $136967.58    | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| DOCUSIGN, INC.                                                                   | DOCUSIGN INC                                      | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     37486 | NS      | $2873676.76   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS, INC.                                                       | CONSTELLATION BRANDS INC CLASS A                  | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |       403 | NS      | $65261.82     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RILEY EXPLORATION PERMIAN, INC.                                                  | RILEY EXPLORATION PERMIAN INC                     | CUSIP: 76665T102<br>LEI: 5493008CUBI02XP43Q95 | Long             | EC               | CORP              | US        |     12585 | NS      | $368237.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORPORATION                                                  | UNITED THERAPEUTICS CORP                          | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      5704 | NS      | $1738351.04   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HEALTHCARE REIT, INC.                                                   | AMERICAN HEALTHCARE REIT INC                      | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |      6521 | NS      | $279033.59    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OVINTIV INC.                                                                     | OVINTIV INC                                       | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     85147 | NS      | $3586391.64   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares International Free Cash Flow Gr ETF                                | VICTORYSHARES INTERNATIONAL FREE CASH FLOW GROWTH | CUSIP: 92647X749<br>LEI: N/A                  | Long             |  | RF                | US        |   1720000 | NS      | $44884776.00  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Xtrackers USD High Yld Corporate Bd ETF                                          | XTRACKERS USD HIGH YIELD CORPORATE BOND ETF       | CUSIP: 233051432<br>LEI: N/A                  | Long             |  | RF                | US        |    286722 | NS      | $10608714.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORPORATION                                                                | FEDEX CORP                                        | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       679 | NS      | $156896.53    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ELME COMMUNITIES                                                                 | ELME COMMUNITIES                                  | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |     10245 | NS      | $174984.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Gold Miners ETF                                                           | VANECK GOLD MINERS ETF USA                        | CUSIP: 92189F106<br>LEI: N/A                  | Long             |  | RF                | US        |     79336 | NS      | $5011655.12   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Coterra Energy Inc.                                                              | COTERRA ENERCOTERRA ENERGY INC                    | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     98289 | NS      | $2402183.16   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITY BANCORP, INC                                                               | UNITY BANCORP INC                                 | CUSIP: 913290102<br>LEI: 549300Q90ZRNUR65PL93 | Long             | EC               | CORP              | US        |      4459 | NS      | $233428.65    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                                                     | TRUIST FINANCIAL CORP                             | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     14703 | NS      | $688394.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP.                                                           | US FOODS HOLDING CORP                             | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     31997 | NS      | $2482967.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Total Bond Market Index Fund                                            | VANGUARD TOTAL BOND MARKET ETF                    | CUSIP: 921937835<br>LEI: N/A                  | Long             |  | RF                | US        |    262456 | NS      | $19369252.80  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| GODADDY INC.                                                                     | GODADDY INC CLASS A                               | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     32129 | NS      | $4765051.99   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Equity Index Funds - Vanguard Emerging Markets Stock Inde | VANGUARD FTSE EMERGING MARKETS ETF                | CUSIP: 922042858<br>LEI: YNHDFX2L9SSID3XIIE57 | Long             |  | RF                | US        |    594574 | NS      | $30638398.22  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTEGROUP, INC.                                                                 | PULTEGROUP INC                                    | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21301 | NS      | $2812158.02   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold Shares                                                                 | SPDR GOLD SHARES ETF                              | CUSIP: 78463V107<br>LEI: N/A                  | Long             |  | RF                | US        |    145439 | NS      | $46259782.73  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOTRONICS, INC.                                                                 | PHOTRONICS INC                                    | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |      7783 | NS      | $176440.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORPORATION                                                                | SYSCO CORP                                        | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     34171 | NS      | $2749740.37   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HOLDINGS, INC.                                                            | LEIDOS HOLDINGS INC                               | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     24724 | NS      | $4473066.08   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                                                              | CHEVRON CORP                                      | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14132 | NS      | $2269599.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL, INC.                                                    | RAYMOND JAMES FINANCIAL INC                       | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      1700 | NS      | $288048.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                                                  | UNITEDHEALTH GROUP INC                            | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     10718 | NS      | $3321186.66   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES, INC.                                                            | DELTA AIR LINES INC                               | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     85959 | NS      | $5310547.02   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLE PUBLIC LIMITED COMPANY                                                      | DOLE PLC                                          | CUSIP: G27907107<br>LEI: 635400JUG5XJXOPPJJ47 | Long             | EC               | CORP              | IE        |     14562 | NS      | $214352.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGA TECHNOLOGIES, INC.                                                          | SIGA TECHNOLOGIES INC                             | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23660 | NS      | $198507.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                              | SYNCHRONY FINANCIAL                               | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      4710 | NS      | $359561.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HANMI FINANCIAL CORPORATION                                                      | HANMI FINANCIAL CORP                              | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |      9179 | NS      | $230943.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                                                             | MCKESSON CORP                                     | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     10282 | NS      | $7060032.48   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                                                                   | CONOCOPHILLIPS                                    | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      7414 | NS      | $733763.58    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MATADOR RESOURCES COMPANY                                                        | MATADOR RESOURCES CO                              | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      2642 | NS      | $133051.12    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYALTY PHARMA PLC                                                               | ROYALTY PHARMA PLC                                | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |     83543 | NS      | $3005877.14   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SCANSOURCE, INC.                                                                 | SCANSOURCE INC                                    | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |      4576 | NS      | $199742.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOISE CASCADE COMPANY                                                            | BOISE CASCADE CO                                  | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |      2611 | NS      | $227157.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE, INC.                                                                   | RELIANCE INC                                      | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      8382 | NS      | $2478222.12   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CACTUS, INC.                                                                     | CACTUS INC                                        | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |      6446 | NS      | $270409.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Total Stock Market Index Fund                                           | VANGUARD TOTAL STOCK MARKET ETF                   | CUSIP: 922908769<br>LEI: N/A                  | Long             |  | RF                | US        |    129134 | NS      | $41090438.80  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| IRadimed Corp                                                                    | IRADIMED CORP                                     | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               | CORP              | US        |      2083 | NS      | $150892.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares WestEnd Economic Cycle Bond ETF                                    | VICTORYSHARES WESTEND ECONOMIC CYCLE BOND ETF     | CUSIP: 92647X780<br>LEI: N/A                  | Long             |  | RF                | US        |   2729841 | NS      | $68853141.64  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE ENERGY, INC.                                                                 | MGE ENERGY INC                                    | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2027 | NS      | $172599.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KULICKE AND SOFFA INDUSTRIES, INC.                                               | KULICKE SOFFA INDUSTRIES INC                      | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |      3954 | NS      | $148275.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TEEKAY CORPORATION LTD.                                                          | TEEKAY CORP LTD                                   | CUSIP: G8726T105<br>LEI: YHKQM2RIPKZYOZ6RVZ46 | Long             | EC               | CORP              | BM        |     23392 | NS      | $191814.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSENSUS CLOUD SOLUTIONS, INC.                                                  | CONSENSUS CLOUD SOLUTIONS INC                     | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6241 | NS      | $165823.37    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PUBLIC LIMITED COMPANY                                                       | CRH PLC                                           | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     35904 | NS      | $4055356.80   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRA HEALTH CARE REIT, INC.                                                     | SABRA HEALTH CARE REIT INC                        | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     14716 | NS      | $281222.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                                                                 | DEUTSCHE POST AG                                  | CUSIP: 25157Y202<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             |  | CORP              | DE        |      5468 | NS      | $249012.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECTIVE INSURANCE GROUP, INC.                                                  | SELECTIVE INSURANCE GROUP INC                     | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      2226 | NS      | $174139.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                                           | ISHARES CORE MSCI EMERGING                        | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             |  | RF                | US        |    430714 | NS      | $26743032.26  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                                                    | ALPHABET INC CLASS A                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    132355 | NS      | $28179703.05  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                                                            | MICROSOFT CORP                                    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    106013 | NS      | $53715726.97  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CRICUT, INC.                                                                     | CRICUT INC                                        | CUSIP: 22658D100<br>LEI: 254900R3DKAJ28MC0Q39 | Long             | EC               | CORP              | US        |     34500 | NS      | $196650.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings Inc                                                | SUN COUNTRY AIRLINES HOLDINGS INC                 | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |     20341 | NS      | $269518.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LULULEMON ATHLETICA INC.                                                         | LULULEMON ATHLETICA INC                           | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      8640 | NS      | $1747008.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust - SPDR S&P Biotech ETF                                         | SPDR S P BIOTECH ETF                              | CUSIP: 78464A870<br>LEI: 549300Y3ODFMPD5XXL58 | Long             |  | RF                | US        |     17249 | NS      | $1549822.65   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| THE BANCORP, INC.                                                                | BANCORP INC THE                                   | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |      4158 | NS      | $317005.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| M-TRON INDUSTRIES, INC.                                                          | M TRON INDUSTRIES INC                             | CUSIP: 55380K109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3404 | NS      | $153111.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I HOMES, INC.                                                                  | M I HOMES INC                                     | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |      1498 | NS      | $220595.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Core Intermediate Bond ETF                                         | VICTORYSHARES CORE INTERMEDIATE BOND ETF          | CUSIP: 92647N527<br>LEI: N/A                  | Long             |  | RF                | US        |   8400445 | NS      | $396759737.71 | 14.10%            |  |  |  | No            |                  1 | On Loan: —       |
| Real Estate Select Sector SPDR Fund                                              | REAL ESTATE SELECT SECTOR SPDR FUND               | CUSIP: 81369Y860<br>LEI: 549300SPMSTD3BRHL041 | Long             |  | RF                | US        |    319835 | NS      | $13532218.85  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                                                               | NVIDIA CORP                                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    343198 | NS      | $59778227.64  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Fundamental Intl Small Equity ETF                                         | SCHWAB FUNDAMENTAL INTERNATIONAL SMALL EQUITY ETF | CUSIP: 808524748<br>LEI: N/A                  | Long             |  | RF                | US        |    301126 | NS      | $13228465.18  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| STERLING INFRASTRUCTURE, INC.                                                    | STERLING INFRASTRUCTURE                           | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      1315 | NS      | $366266.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GRIFFON CORPORATION                                                              | GRIFFON CORP                                      | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |      3497 | NS      | $266331.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                                                | CAPITAL ONE FINANCIAL CORP                        | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     20415 | NS      | $4638696.30   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Canada ETF                                                          | ISHARES MSCI CANADA ETF                           | CUSIP: 464286509<br>LEI: 549300DXCD53F4JK3H45 | Long             |  | RF                | US        |    677776 | NS      | $33068691.04  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Niagen Bioscience Inc                                                            | NIAGEN BIOSCIENCE INC                             | CUSIP: 171077407<br>LEI: 529900OPI7B8JPXCVS70 | Long             | EC               | CORP              | US        |     24823 | NS      | $245747.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                                                               | DTE ENERGY CO                                     | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     24316 | NS      | $3322781.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CONSOLIDATED, INC.                                                     | COCA COLA CONSOLIDATED INC                        | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |     14350 | NS      | $1682394.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MONARCH CASINO & RESORT, INC.                                                    | MONARCH CASINO RESORT INC                         | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |      1839 | NS      | $191862.87    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORPORATION                                                       | NORTHERN TRUST CORP                               | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      5106 | NS      | $670315.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LANTHEUS HOLDINGS, INC.                                                          | LANTHEUS HOLDINGS INC                             | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |      2877 | NS      | $157947.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HACKETT GROUP, INC.                                                          | HACKETT GROUP INC THE                             | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |      5557 | NS      | $115696.74    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                             | JPMORGAN CHASE CO                                 | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     40545 | NS      | $12221073.90  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSCOUT SYSTEMS, INC.                                                           | NETSCOUT SYSTEMS INC                              | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |      7260 | NS      | $180701.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WORLD ACCEPTANCE CORPORATION                                                     | WORLD ACCEPTANCE CORP                             | CUSIP: 981419104<br>LEI: 529900M7JQUDCH7Q9153 | Long             | EC               | CORP              | US        |      1546 | NS      | $265030.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. BANCORP                                                                     | US BANCORP                                        | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      8684 | NS      | $424039.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION                                       | COGNIZANT TECHNOLOGY SOLUTIONS CORP               | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     57470 | NS      | $4152207.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH REALTY INCOME TRUST                                             | UNIVERSAL HEALTH RLTY INCOME                      | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |      3040 | NS      | $123393.60    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| APARTMENT INVESTMENT AND MANAGEMENT COMPANY                                      | APARTMENT INVT MGMT CO A                          | CUSIP: 03748R747<br>LEI: 549300O8FT5GJ4RU1D57 | Long             | EC               | CORP              | US        |     17567 | NS      | $137549.61    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HANCOCK WHITNEY CORPORATION                                                      | HANCOCK WHITNEY CORP                              | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |      3736 | NS      | $235069.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LADDER CAPITAL CORP                                                              | LADDER CAPITAL CORP                               | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |     14508 | NS      | $168582.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION                                                             | AMPHENOL CORP CLASS A                             | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     28292 | NS      | $3079867.12   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JACKSON FINANCIAL INC.                                                           | JACKSON FINANCIAL INC                             | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |      4435 | NS      | $438178.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins, Inc.                                                                    | HAWKINS INC                                       | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      2413 | NS      | $403767.29    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                                                | EVERSOURCE ENERGY                                 | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |      3008 | NS      | $192722.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core US Aggregate Bond ETF                                               | ISHARES CORE U S AGGREGATE BOND ETF               | CUSIP: 464287226<br>LEI: N/A                  | Long             |  | RF                | US        |    436227 | NS      | $43387137.42  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORPORATION                                                      | DECKERS OUTDOOR CORP                              | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     18776 | NS      | $2246172.88   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                                                                    | NISOURCE INC                                      | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     63779 | NS      | $2695938.33   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                                                             | META PLATFORMS INC                                | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      6030 | NS      | $4454361.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES, INC.                                                          | UBER TECHNOLOGIES INC                             | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     47026 | NS      | $4408687.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY, INC.                                                                 | NRG ENERGY INC                                    | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     18716 | NS      | $2724300.96   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Tax Managed Fund FTSE Developed Markets ETF                             | VANGUARD FTSE DEVELOPED MARKET                    | CUSIP: 921943858<br>LEI: N/A                  | Long             |  | RF                | US        |   1724454 | NS      | $101242694.34 | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION                                                      | PROGRESSIVE CORP                                  | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     18664 | NS      | $4611127.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL SEAWAYS, INC.                                                      | INTERNATIONAL SEAWAYS INC                         | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |      5464 | NS      | $248174.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LIQUIDITY SERVICES, INC.                                                         | LIQUIDITY SERVICES INC                            | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |      8217 | NS      | $218490.03    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUELINX HOLDINGS INC.                                                           | BLUELINX HOLDINGS INC                             | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |      2956 | NS      | $244195.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                                                        | VISA INC CLASS A                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      5866 | NS      | $2063541.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                                      | VERIZON COMMUNICATIONS INC                        | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    215806 | NS      | $9545099.38   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG RE FINANCE TRUST, INC.                                                       | TPG RE FINANCE TRUST INC                          | CUSIP: 87266M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15446 | NS      | $144420.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA, INC.                                                        | COMFORT SYSTEMS USA INC                           | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      7943 | NS      | $5586947.34   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corporation                                          | BANK OF NEW YORK MELLON CORP                      | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     22580 | NS      | $2384448.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO COMMERCIAL REAL ESTATE FINANCE, INC.                                      | APOLLO COMMERCIAL REAL ESTATE FINANCE INC         | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |     13621 | NS      | $144246.39    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CABLE ONE, INC.                                                                  | CABLE ONE INC                                     | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      1222 | NS      | $197328.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                                             | HSBC US GOVT MMKT-I                               | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  14880381 | NS      | $14880381.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer