# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0000910472-26-007213
**Filing Date:** 2026-5
**Character Count:** 103387
**Document Hash:** 11bc5cfc2ebee4f9292b57d04558d5c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-007213.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0000910472-26-007213

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNIFIED SERIES TRUST
- **CENTRAL INDEX KEY:** 0001199046

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21237
- **FILM NUMBER:** 261017186

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-346-3324

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### ABSOLUTE CONVERTIBLE ARBITRAGE FUND (Series ID: S000081739)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000244723 | INVESTOR SHARES      | ARBOX           |
| C000244724 | INSTITUTIONAL SHARES | ARBIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Unified Series Trust

- **b. Investment Company Act file number:** 811-21237

- **c. CIK number of Registrant:** 0001199046

- **d. LEI of Registrant:** 549300NFHRL589EP7U13

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** ABSOLUTE CONVERTIBLE ARBITRAGE FUND

- **b. EDGAR series identifier (if any):** S000081739

- **c. LEI of Series:** 5493000NKQNH7CADRD86

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $2032684855.63

**Total Liabilities:** $526421261.29

**Net Assets:** $1506263594.34

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 1155.26860726 | **5-Year:** 4078.54658073 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 14.52854466 | **1-Year:** 1841.26987826 | **5-Year:** 7018.38946881 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244723 | 1.31%                | 0.52%                | -0.26%               |
| Class ID C000244724 | 1.30%                | 0.51%                | -0.17%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4645611.89              | $9528957.34                                |
| Month 2  | $8567905.32              | $-3044821.73                               |
| Month 3  | $2748979.16              | $-9527677.48                               |

**Designated Index Information**

- **Index Name:** ICE BofAML US High Yield Index

- **Index Identifier:** H0A0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMC Networks Inc                             | AMC Networks, Inc.                                                           | CUSIP: 00164V103<br>LEI: 549300VGG9K75226LR46 | Short            | EC               | CORP              | US        |   -271370 | NS      | $-1842602.30  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| AMC Networks Inc                             | AMC Networks Inc                                                             | CUSIP: 00164VAJ2<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $4901875.00   | 0.33%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ANI Pharmaceuticals Inc.                     | ANI Pharmaceuticals, Inc.                                                    | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Short            | EC               | CORP              | US        |   -112000 | NS      | $-8612800.00  | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc.                     | ANI Pharmaceuticals, Inc.                                                    | CUSIP: 00182CAC7<br>LEI: 5493000T6CXTND40YH31 | Long             | DBT              | CORP              | US        |  11473000 | PA      | $14262373.47  | 0.95%             | 2029-09-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| A10 Networks Inc                             | A10 Networks, Inc.                                                           | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Short            | EC               | CORP              | US        |   -267654 | NS      | $-6188160.48  | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc                             | A10 Networks Inc.                                                            | CUSIP: 002121AA9<br>LEI: 549300UQD4IWUML81Q35 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $11923453.20  | 0.79%             | 2030-04-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| AST SpaceMobile Inc.                         | AST SpaceMobile, Inc.                                                        | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Short            | EC               | CORP              | US        |   -115331 | NS      | $-9557479.97  | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc.                         | AST SpaceMobile, Inc.                                                        | CUSIP: 00217DAE0<br>LEI: 254900MBSC9P2UCI6623 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6881875.00   | 0.46%             | 2036-01-15      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| AST SpaceMobile Inc.                         | AST SpaceMobile, Inc.                                                        | CUSIP: 00217DAG5<br>LEI: 254900MBSC9P2UCI6623 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7736000.00   | 0.51%             | 2036-04-15      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Accuray Inc.                                 | Accuray, Inc.                                                                | CUSIP: 004397105<br>LEI: 549300G28LY4TZKZJG51 | Short            | EC               | CORP              | US        |    -35250 | NS      | $-13680.53    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Accuray Inc.                                 | Accuray, Inc.                                                                | CUSIP: 004397AK1<br>LEI: 549300G28LY4TZKZJG51 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4080054.10   | 0.27%             | 2026-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Akamai Technologies, Inc.                    | Akamai Technologies, Inc.                                                    | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Short            | EC               | CORP              | US        |   -112694 | NS      | $-12942905.90 | -0.86%            |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.                    | Akamai Technologies, Inc.                                                    | CUSIP: 00971TAN1<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | DBT              | CORP              | US        |  13827000 | PA      | $15825692.85  | 1.05%             | 2029-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Akamai Technologies, Inc.                    | Akamai Technologies, Inc.                                                    | CUSIP: 00971TAP6<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $8320500.00   | 0.55%             | 2033-05-15      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| Alarm.com Holdings Inc.                      | Alarm.com Holdings, Inc.                                                     | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Short            | EC               | CORP              | US        |    -33722 | NS      | $-1456453.18  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc.                      | Alarm.com Holdings, Inc.                                                     | CUSIP: 011642AD7<br>LEI: 549300HIH92U1EKIHZ32 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9231250.00   | 0.61%             | 2029-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Alkami Technology Inc.                       | Alkami Technology, Inc.                                                      | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Short            | EC               | CORP              | US        |    -91173 | NS      | $-1428680.91  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc.                       | Alkami Technology Inc                                                        | CUSIP: 01644JAB4<br>LEI: 254900FCNYU4HNEV9L47 | Long             | DBT              | CORP              | US        |   8590000 | PA      | $7737013.00   | 0.51%             | 2030-03-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Alphatec Holdings Inc.                       | Alphatec Holdings, Inc.                                                      | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Short            | EC               | CORP              | US        |   -527200 | NS      | $-5735936.00  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc.                       | Alphatec Holdings, Inc.                                                      | CUSIP: 02081GAB8<br>LEI: 549300EZE8CQ8K65FS24 | Long             | DBT              | CORP              | US        |   2512000 | PA      | $2486880.00   | 0.17%             | 2026-08-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Alphatec Holdings Inc.                       | Alphatec Holdings Inc                                                        | CUSIP: 02081GAD4<br>LEI: 549300EZE8CQ8K65FS24 | Long             | DBT              | CORP              | US        |  11750000 | PA      | $12087225.00  | 0.80%             | 2030-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Applied Optoelectronics Inc                  | Applied Optoelectronics, Inc.                                                | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Short            | EC               | CORP              | US        |   -138200 | NS      | $-11690338.00 | -0.78%            |  |  |  | No            |                  1 | On Loan: No      |
| Applied Optoelectronics Inc                  | Applied Optoelectronics Inc.                                                 | CUSIP: 03823UAE2<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $15625218.21  | 1.04%             | 2030-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Astronics Corp.                              | Astronics Corporation                                                        | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Short            | EC               | CORP              | US        |   -191152 | NS      | $-12755572.96 | -0.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp.                              | Astronics Corp 5.5 03/15/30                                                  | CUSIP: 046433AD0<br>LEI: 549300NNXCF8H4MSMK17 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $3086800.00   | 0.20%             | 2030-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Astronics Corp.                              | Astronics Corp.                                                              | CUSIP: 046433AE8<br>LEI: 549300NNXCF8H4MSMK17 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $13935000.00  | 0.93%             | 2031-01-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| BWX Technologies Inc.                        | BWX Technologies, Inc.                                                       | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Short            | EC               | CORP              | US        |    -34050 | NS      | $-6962884.50  | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.                        | BWX Technologies, Inc.                                                       | CUSIP: 05605HAD2<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |  14070000 | PA      | $14604660.00  | 0.97%             | 2030-11-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Bandwidth Inc                                | Bandwidth, Inc.                                                              | CUSIP: 05988J103<br>LEI: 549300QC70JB7MUGXM66 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-35640.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Bandwidth Inc                                | Bandwidth, Inc.                                                              | CUSIP: 05988JAD5<br>LEI: 549300QC70JB7MUGXM66 | Long             | DBT              | CORP              | US        |   9100000 | PA      | $8144500.00   | 0.54%             | 2028-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Bentley Systems Incorporated                 | Bentley Systems, Inc.                                                        | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Short            | EC               | CORP              | US        |     -4700 | NS      | $-165064.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Incorporated                 | Bentley Systems, Inc.                                                        | CUSIP: 08265TAD1<br>LEI: 549300WVEHPGE0Z56F71 | Long             | DBT              | CORP              | US        |  11500000 | PA      | $10936500.00  | 0.73%             | 2027-07-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Blackline Inc                                | BlackLine, Inc.                                                              | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Short            | EC               | CORP              | US        |    -67915 | NS      | $-2512855.00  | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackline Inc                                | BlackLine, Inc.                                                              | CUSIP: 09239BAF6<br>LEI: 529900P9N7PK9LV5EK56 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $10364750.00  | 0.69%             | 2029-06-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| BlackSky Technology Inc                      | BlackSky Technology, Inc.                                                    | CUSIP: 09263B207<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -161500 | NS      | $-4063340.00  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| BlackSky Technology Inc                      | BlackSky Technology, Inc.                                                    | CUSIP: 09263BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9000000 | PA      | $10867500.00  | 0.72%             | 2033-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Box Inc.                                     | Box, Inc.                                                                    | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Short            | EC               | CORP              | US        |    -67650 | NS      | $-1599246.00  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc.                                     | Box, Inc.                                                                    | CUSIP: 10316TAD6<br>LEI: 549300KQUCPD8687YS68 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9190000.00   | 0.61%             | 2029-09-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| B2Gold Corp.                                 | B2Gold Corporation                                                           | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Short            | EC               | CORP              | CA        |  -1675570 | NS      | $-7590332.10  | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp.                                 | B2Gold Corp.                                                                 | CUSIP: 11777QAC4<br>LEI: 549300F7OK456M5NLM05 | Long             | DBT              | CORP              | CA        |   6500000 | PA      | $10512125.00  | 0.70%             | 2030-02-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| CSG Systems International Inc.               | CSG Systems International, Inc.                                              | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Short            | EC               | CORP              | US        |    -30500 | NS      | $-2438170.00  | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc.               | CSG Systems International Inc                                                | CUSIP: 126349AH2<br>LEI: 549300D7FJZUOHHXUA81 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $6095000.00   | 0.40%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Camtek Limited                               | Camtek Ltd/Israel                                                            | CUSIP: 13469VAC2<br>LEI: 5493000H80W07HCKGS43 | Long             | DBT              | CORP              | IL        |   7000000 | PA      | $10965500.00  | 0.73%             | 2030-09-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Canadian Solar Inc                           | Canadian Solar, Inc.                                                         | CUSIP: 136635109<br>LEI: 5493001XSC6TKMBVOM15 | Short            | EC               | CORP              | CA        |   -200150 | NS      | $-2772077.50  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Solar Inc                           | Canadian Solar, Inc.                                                         | CUSIP: 136635AK5<br>LEI: 5493001XSC6TKMBVOM15 | Long             | DBT              | CORP              | CA        |   7946000 | PA      | $6325016.00   | 0.42%             | 2031-01-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Centerpoint Energy Inc                       | CenterPoint Energy, Inc.                                                     | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Short            | EC               | CORP              | US        |    -11000 | NS      | $-474760.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Centerpoint Energy Inc                       | CenterPoint Energy, Inc.                                                     | CUSIP: 15189TBT3<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2509000.00   | 0.17%             | 2029-05-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Century Aluminum Company                     | Century Aluminum Company                                                     | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Short            | EC               | CORP              | US        |   -295532 | NS      | $-17344773.08 | -1.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Company                     | Century Aluminum Co                                                          | CUSIP: 156431AQ1<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |   5650000 | PA      | $17789025.00  | 1.18%             | 2028-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Check Point Software Technologies Ltd.       | Check Point Software Technologies Ltd.                                       | CUSIP: 162775AA8<br>LEI: 2549003ZVBH73EPNS513 | Long             | DBT              | CORP              | IL        |   7500000 | PA      | $6982500.00   | 0.46%             | 2030-12-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Cipher Digital Inc.                          | Cipher Digital, Inc.                                                         | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Short            | EC               | CORP              | US        |   -885195 | NS      | $-11392459.65 | -0.76%            |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Digital Inc.                          | Cipher Mining, Inc.                                                          | CUSIP: 17253JAA4<br>LEI: 254900QABG5HCQZ28A17 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $9281798.22   | 0.62%             | 2030-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Cipher Digital Inc.                          | Cipher Mining, Inc.                                                          | CUSIP: 17253JAB2<br>LEI: 254900QABG5HCQZ28A17 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5585917.50   | 0.37%             | 2031-10-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CleanSpark Inc.                              | Cleanspark, Inc.                                                             | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Short            | EC               | CORP              | US        |   -163903 | NS      | $-1394814.53  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| CleanSpark Inc.                              | Cleanspark, Inc.                                                             | CUSIP: 18452BAD2<br>LEI: 254900VO7KBRJQDGY810 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $2704000.00   | 0.18%             | 2032-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Cloudflare Inc                               | Cloudflare, Inc.                                                             | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Short            | EC               | CORP              | US        |    -28444 | NS      | $-5869134.96  | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                               | Cloudflare, Inc.                                                             | CUSIP: 18915MAE7<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $12493292.46  | 0.83%             | 2030-06-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Cohu Inc                                     | Cohu, Inc.                                                                   | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Short            | EC               | CORP              | US        |   -313049 | NS      | $-9585560.38  | -0.64%            |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                     | Cohu Inc                                                                     | CUSIP: 192576AA4<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | DBT              | CORP              | US        |  11050000 | PA      | $14873300.00  | 0.99%             | 2031-01-15      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Coinbase Global Inc                          | Coinbase Global, Inc.                                                        | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Short            | EC               | CORP              | US        |    -16539 | NS      | $-2887874.79  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                          | Coinbase Global, Inc.                                                        | CUSIP: 19260QAF4<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   2837000 | PA      | $2639119.25   | 0.18%             | 2030-04-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Coinbase Global Inc                          | Coinbase Global Inc                                                          | CUSIP: 19260QAG2<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4390000.00   | 0.29%             | 2029-10-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Coinbase Global Inc                          | Coinbase Global Inc                                                          | CUSIP: 19260QAJ6<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $3619125.00   | 0.24%             | 2032-10-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Enovis Corporation                           | Enovis Corporation                                                           | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Short            | EC               | CORP              | US        |    -17619 | NS      | $-400832.25   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corporation                           | Enovis Corp.                                                                 | CUSIP: 194014AB2<br>LEI: 635400OP2DYYYMOIYL17 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4836250.00   | 0.32%             | 2028-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Commvault Systems Inc.                       | Commvault Systems, Inc.                                                      | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Short            | EC               | CORP              | US        |    -16947 | NS      | $-1320001.83  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc.                       | Commvault Systems, Inc.                                                      | CUSIP: 204166AA0<br>LEI: 65T5VRP62VXG39YFML83 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8110000.00   | 0.54%             | 2030-09-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Conmed Corporation                           | CONMED Corporation                                                           | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Short            | EC               | CORP              | US        |     -2800 | NS      | $-99008.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Conmed Corporation                           | CONMED Corp                                                                  | CUSIP: 207410AH4<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7764000.00   | 0.52%             | 2027-06-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Cracker Barrel Old Country Store Inc.        | Cracker Barrel Old Country Store, Inc.                                       | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Short            | EC               | CORP              | US        |    -66084 | NS      | $-1857621.24  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Cracker Barrel Old Country Store Inc.        | Cracker Barrel Old Country Store, Inc.                                       | CUSIP: 22410JAC0<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | DBT              | CORP              | US        |  10720000 | PA      | $8343160.10   | 0.55%             | 2030-09-15      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| CRISPR Therapeutics AG                       | CRISPR Therapeutics AG                                                       | CUSIP: 226712AA5<br>LEI: 506700O6IRRIQLT3W370 | Long             | DBT              | CORP              | CH        |   3000000 | PA      | $2940000.00   | 0.20%             | 2031-03-01      | Fixed         | 1.73%                 | Yes           |                  2 | On Loan: No      |
| Datadog Inc                                  | Datadog, Inc.                                                                | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Short            | EC               | CORP              | US        |    -16354 | NS      | $-1930589.70  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                  | Datadog Inc 0 12/01/29                                                       | CUSIP: 23804LAD5<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |   7416000 | PA      | $7195374.00   | 0.48%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Encore Capital Group Inc.                    | Encore Capital Group, Inc.                                                   | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Short            | EC               | CORP              | US        |   -105081 | NS      | $-7368279.72  | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc.                    | Encore Capital Group, Inc.                                                   | CUSIP: 292554AP7<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |  11250000 | PA      | $14203125.00  | 0.94%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Energy Vault Holdings Inc                    | Energy Vault Holdings Inc                                                    | CUSIP: 29280W109<br>LEI: 549300KMBUKUUIQ6FN34 | Short            | EC               | CORP              | US        |   -772700 | NS      | $-2549910.00  | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Energy Vault Holdings Inc                    | Energy Vault Holdings, Inc.                                                  | CUSIP: 29280WAA7<br>LEI: 549300KMBUKUUIQ6FN34 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4842414.40   | 0.32%             | 2031-03-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Enovix Corporation                           | Enovix Corporation                                                           | CUSIP: 293594107<br>LEI: 549300EC7NZGWORHYJ53 | Short            | EC               | CORP              | US        |   -241800 | NS      | $-1252524.00  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Enovix Corporation                           | Enovix Corp.                                                                 | CUSIP: 293594AF4<br>LEI: 549300EC7NZGWORHYJ53 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2777250.00   | 0.18%             | 2030-09-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Eos Energy Enterprises Inc.                  | Eos Energy Enterprises, Inc.                                                 | CUSIP: 29415C101<br>LEI: 529900UCCJMLRGDXVT41 | Short            | EC               | CORP              | US        |   -298700 | NS      | $-1481552.00  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Eos Energy Enterprises Inc.                  | Eos Energy Enterprises, Inc.                                                 | CUSIP: 29415CAC5<br>LEI: 529900UCCJMLRGDXVT41 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $3585000.00   | 0.24%             | 2031-12-01      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| Etsy Inc                                     | Etsy, Inc.                                                                   | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Short            | EC               | CORP              | US        |    -79500 | NS      | $-3973410.00  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                     | Etsy, Inc.                                                                   | CUSIP: 29786AAP1<br>LEI: 54930089Q7XT501AEA40 | Long             | DBT              | CORP              | US        |  12401000 | PA      | $11991767.00  | 0.80%             | 2030-06-15      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Euronet Worldwide, Inc.                      | Euronet Worldwide, Inc.                                                      | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Short            | EC               | CORP              | US        |    -25800 | NS      | $-1712346.00  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide, Inc.                      | Euronet Worldwide, Inc.                                                      | CUSIP: 298736AM1<br>LEI: YG3575C4DSHJPA5KET68 | Long             | DBT              | CORP              | US        |   6800000 | PA      | $5928750.00   | 0.39%             | 2030-10-01      | Fixed         | 0.62%                 | Yes           |                  2 | On Loan: No      |
| Evolent Health, Inc.                         | Evolent Health, Inc.                                                         | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Short            | EC               | CORP              | US        |   -341000 | NS      | $-777480.00   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Evolent Health, Inc.                         | EVOLENT HEALTH INC                                                           | CUSIP: 30050BAJ0<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $3764062.50   | 0.25%             | 2031-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| EZCORP Inc.                                  | EZCORP, Inc.                                                                 | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Short            | EC               | CORP              | US        |  -1150883 | NS      | $-29209410.54 | -1.94%            |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP Inc.                                  | EZCORP, Inc.                                                                 | CUSIP: 302301AG1<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $33120239.32  | 2.20%             | 2029-12-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| First American Funds Inc.                    | First American Treasury Obligations Fund                                     | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        | 263136290 | PA      | $263136290.27 | 17.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corporation                            | Fluor Corporation                                                            | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Short            | EC               | CORP              | US        |   -181427 | NS      | $-8463569.55  | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corporation                            | Fluor Corp                                                                   | CUSIP: 343412AJ1<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |  13889000 | PA      | $17156387.25  | 1.14%             | 2029-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Fluence Energy Inc                           | Fluence Energy, Inc.                                                         | CUSIP: 34379V103<br>LEI: 25490043LHZ97BT5PP29 | Short            | EC               | CORP              | US        |   -415600 | NS      | $-5718656.00  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Fluence Energy Inc                           | Fluence Energy, Inc.                                                         | CUSIP: 34379VAB9<br>LEI: 25490043LHZ97BT5PP29 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12108000.00  | 0.80%             | 2030-06-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Forum Funds                                  | Absolute Flexible Fund/Acquired                                              | CUSIP: 34985D109<br>LEI: 549300LXYEU14CHGAO13 | Long             | EC               | RF                | US        |   2936799 | NS      | $32334158.58  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                                 | Freshpet, Inc.                                                               | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Short            | EC               | CORP              | US        |    -87230 | NS      | $-5143080.80  | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                                 | Freshpet Inc                                                                 | CUSIP: 358039AB1<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $12659900.00  | 0.84%             | 2028-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| T1 Energy Inc.                               | T1 Energy, Inc.                                                              | CUSIP: 35834F104<br>LEI: 529900H0645VFXNMJ693 | Short            | EC               | CORP              | US        |   -693000 | NS      | $-3042270.00  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| T1 Energy Inc.                               | T1 Energy, Inc.                                                              | CUSIP: 35834FAB0<br>LEI: 529900H0645VFXNMJ693 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6297963.36   | 0.42%             | 2030-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc                          | Global Payments, Inc.                                                        | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Short            | EC               | CORP              | US        |    -14650 | NS      | $-985945.00   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                          | Global Payments Inc.                                                         | CUSIP: 37940XAU6<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   5468000 | PA      | $4828523.14   | 0.32%             | 2031-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Granite Construction Inc                     | Granite Construction, Inc.                                                   | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Short            | EC               | CORP              | US        |   -166696 | NS      | $-19983516.48 | -1.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc                     | Granite Construction. Inc.                                                   | CUSIP: 387328AF4<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $24731250.00  | 1.64%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Green Plains Inc.                            | Green Plains, Inc.                                                           | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Short            | EC               | CORP              | US        |     -7500 | NS      | $-123375.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Green Plains Inc.                            | Green Plains, Inc.                                                           | CUSIP: 393222AK0<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | DBT              | CORP              | US        |   2668000 | PA      | $2658662.00   | 0.18%             | 2027-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| The Greenbrier Companies, Inc.               | Greenbrier Companies, Inc. (The)                                             | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Short            | EC               | CORP              | US        |   -129606 | NS      | $-6823755.90  | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| The Greenbrier Companies, Inc.               | Greenbrier Cos, Inc./The                                                     | CUSIP: 393657AM3<br>LEI: 5493001GAGGFR30BP390 | Long             | DBT              | CORP              | US        |  13795000 | PA      | $15980128.00  | 1.06%             | 2028-04-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Guidewire Software Inc                       | Guidewire Software, Inc.                                                     | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Short            | EC               | CORP              | US        |    -17700 | NS      | $-2647212.00  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                       | Guidewire Software, Inc.                                                     | CUSIP: 40171VAC4<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9981250.00   | 0.66%             | 2029-11-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Halozyme Therapeutics Inc                    | Halozyme Therapeutics, Inc.                                                  | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Short            | EC               | CORP              | US        |   -178100 | NS      | $-11510603.00 | -0.76%            |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                    | Halozyme Therapeutics, Inc.                                                  | CUSIP: 40637HAF6<br>LEI: 529900242I3SV9AGM753 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $17948000.00  | 1.19%             | 2028-08-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Helix Energy Solutions Group, Inc.           | Helix Energy Solutions Group Inc                                             | CUSIP: 42330PAL1<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7885897.50   | 0.52%             | 2029-03-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Crescent Energy Co.                          | Crescent Energy Company                                                      | CUSIP: 44952J104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -345108 | NS      | $-4658958.00  | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co.                          | Crescent Energy Co.                                                          | CUSIP: 44952JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7500000 | PA      | $8628750.00   | 0.57%             | 2031-03-15      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| IMAX Corporation                             | IMAX Corporation                                                             | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Short            | EC               | CORP              | CA        |   -193014 | NS      | $-7336462.14  | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corporation                             | IMAX Corp.                                                                   | CUSIP: 45245EAK5<br>LEI: 894500GS1ESLAPZCEI74 | Long             | DBT              | CORP              | CA        |  12500000 | PA      | $13971875.00  | 0.93%             | 2030-11-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Indie Semiconductor Inc.                     | indie Semiconductor, Inc.                                                    | CUSIP: 45569U101<br>LEI: 254900L1MFXFYGB1PV53 | Short            | EC               | CORP              | US        |   -103671 | NS      | $-333820.62   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Indie Semiconductor Inc.                     | indie Semiconductor, Inc.                                                    | CUSIP: 45569UAE1<br>LEI: 254900L1MFXFYGB1PV53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1075000.00   | 0.07%             | 2031-03-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Indivior Pharmaceuticals Inc.                | Indivior Pharmaceuticals, Inc.                                               | CUSIP: 45579U109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -12800 | NS      | $-390144.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Indivior Pharmaceuticals Inc.                | Indivior Pharmaceuticals, Inc.                                               | CUSIP: 45579UAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1020000.00   | 0.07%             | 2031-03-15      | Fixed         | 0.62%                 | Yes           |                  2 | On Loan: No      |
| Inotiv Inc.                                  | Inotiv, Inc.                                                                 | CUSIP: 45783Q100<br>LEI: 549300FH5Z13X0Q5SK81 | Short            | EC               | CORP              | US        |     -7200 | NS      | $-1962.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Inotiv Inc.                                  | Inotiv, Inc.                                                                 | CUSIP: 45783QAB6<br>LEI: 549300FH5Z13X0Q5SK81 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $361875.00    | 0.02%             | 2027-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Integer Holdings Corp.                       | Integer Holdings Corporation                                                 | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Short            | EC               | CORP              | US        |    -45664 | NS      | $-4018432.00  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                       | Integer Holdings Corp.                                                       | CUSIP: 45826HAD1<br>LEI: 549300SUD2ED5XG6X569 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19170000.00  | 1.27%             | 2030-03-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| IREN Ltd.                                    | IREN Ltd.                                                                    | CUSIP: 46270CAE9<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |   3000000 | PA      | $2196150.00   | 0.15%             | 2031-07-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| IREN Ltd.                                    | IREN Ltd.                                                                    | CUSIP: 46270CAG4<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |   5500000 | PA      | $4819375.00   | 0.32%             | 2032-06-01      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| IREN Ltd.                                    | IREN Ltd.                                                                    | CUSIP: 46270CAJ8<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |   6000000 | PA      | $5323500.00   | 0.35%             | 2033-06-01      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Itron, Inc.                                  | Itron, Inc.                                                                  | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Short            | EC               | CORP              | US        |    -42594 | NS      | $-3817700.22  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                                  | Itron Inc                                                                    | CUSIP: 465741AQ9<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10075000.00  | 0.67%             | 2030-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Jazz Investments I LTD                       | Jazz Investments I Ltd.                                                      | CUSIP: 472145AH4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8350000 | PA      | $11844475.00  | 0.79%             | 2030-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Joby Aviation Inc.                           | Joby Aviation, Inc.                                                          | CUSIP: 47775AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6140000 | PA      | $5276562.50   | 0.35%             | 2032-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| LCI Industries                               | LCI Industries                                                               | CUSIP: 501812AB7<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | DBT              | CORP              | US        |   7217000 | PA      | $7185966.90   | 0.48%             | 2026-05-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| LCI Industries                               | LCI Industries                                                               | CUSIP: 501812AD3<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | DBT              | CORP              | US        |   6525000 | PA      | $7864256.25   | 0.52%             | 2030-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LCI Industries                               | LCI Industries                                                               | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Short            | EC               | CORP              | US        |    -40000 | NS      | $-4919200.00  | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                        | Lantheus Holdings, Inc.                                                      | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Short            | EC               | CORP              | US        |    -67000 | NS      | $-5081950.00  | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                        | Lantheus Holdings Inc                                                        | CUSIP: 516544AB9<br>LEI: 5299005HUB5IOJGO7S39 | Long             | DBT              | CORP              | US        |  10600000 | PA      | $12749150.00  | 0.85%             | 2027-12-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Lemaitre Vascular Inc.                       | LeMaitre Vascular, Inc.                                                      | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Short            | EC               | CORP              | US        |    -60097 | NS      | $-6560789.49  | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Lemaitre Vascular Inc.                       | LeMaitre Vascular Inc 2.5 02/01/30                                           | CUSIP: 525558AB8<br>LEI: 549300FZUBUB7MHY8R17 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $14738750.00  | 0.98%             | 2030-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Life360 Inc.                                 | Life360, Inc.                                                                | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Short            | EC               | CORP              | US        |    -84400 | NS      | $-3445208.00  | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Life360 Inc.                                 | Life360, Inc.                                                                | CUSIP: 532206AB5<br>LEI: 254900VO9VDOQBQAHF07 | Long             | DBT              | CORP              | US        |  12457000 | PA      | $11407497.75  | 0.76%             | 2030-06-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| LivaNova PLC                                 | LivaNova PLC                                                                 | CUSIP: 53802LAB8<br>LEI: 2138001K2FX6SHK2B339 | Long             | DBT              | CORP              | GB        |   8000000 | PA      | $9344000.00   | 0.62%             | 2029-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MKS Inc.                                     | MKS, Inc.                                                                    | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Short            | EC               | CORP              | US        |    -64900 | NS      | $-14914669.00 | -0.99%            |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc.                                     | MKS, Inc.                                                                    | CUSIP: 55306NAB0<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |  12268000 | PA      | $20297406.00  | 1.35%             | 2030-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| McEwen Inc.                                  | McEwen Mining, Inc.                                                          | CUSIP: 58039P305<br>LEI: 5493000FX50GEWAF3U70 | Short            | EC               | CORP              | US        |   -315372 | NS      | $-6439896.24  | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| McEwen Inc.                                  | McEwen, Inc.                                                                 | CUSIP: 58039PAB3<br>LEI: 5493000FX50GEWAF3U70 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $8399600.00   | 0.56%             | 2030-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Merit Medical Systems Inc.                   | Merit Medical Systems, Inc.                                                  | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Short            | EC               | CORP              | US        |    -99640 | NS      | $-6868185.20  | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc.                   | Merit Medical Systems Inc                                                    | CUSIP: 589889AA2<br>LEI: 549300OYTY138SP2CE83 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $16072500.00  | 1.07%             | 2029-02-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Microchip Technology Incorporated            | Microchip Technology, Inc.                                                   | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-969150.00   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated            | Microchip Technology, Inc.                                                   | CUSIP: 595017BM5<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3420375.00   | 0.23%             | 2030-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds | Morgan Stanley Institutional Liquidity Fund  - Treasury Securities Portfolio | CUSIP: 61747C525<br>LEI: 5493000A332Y142SOW84 | Long             | STIV             | RF                | US        |  10178748 | PA      | $10178747.70  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NCL Corporation Ltd.                         | NCL Corp Ltd.                                                                | CUSIP: 62886HBW0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6511607.55   | 0.43%             | 2030-09-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Nebius Group N.V.                            | Nebius Group NV                                                              | CUSIP: 63954QAF3<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | DBT              | CORP              | NL        |   7000000 | PA      | $7325500.00   | 0.49%             | 2032-09-15      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Northern Oil And Gas, Inc.                   | Northern Oil & Gas, Inc.                                                     | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Short            | EC               | CORP              | US        |   -138533 | NS      | $-4049319.59  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil And Gas, Inc.                   | Northern Oil and Gas, Inc.                                                   | CUSIP: 665531AJ8<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $11003437.80  | 0.73%             | 2029-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Nutanix Inc                                  | Nutanix, Inc.                                                                | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Short            | EC               | CORP              | US        |    -59086 | NS      | $-2245858.86  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                  | Nutanix, Inc. 0.5 12/15/29                                                   | CUSIP: 67059NAK4<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $11758566.56  | 0.78%             | 2029-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| OSI System Inc.                              | OSI Systems, Inc.                                                            | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Short            | EC               | CORP              | US        |    -53050 | NS      | $-14085305.50 | -0.94%            |  |  |  | No            |                  1 | On Loan: No      |
| OSI System Inc.                              | OSI Systems, Inc.                                                            | CUSIP: 671044AF2<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | DBT              | CORP              | US        |  12028000 | PA      | $18465987.00  | 1.23%             | 2029-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp.                       | ON Semiconductor Corporation                                                 | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Short            | EC               | CORP              | US        |    -45500 | NS      | $-2817360.00  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                       | ON Semiconductor Corp.                                                       | CUSIP: 682189AU9<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |  12168000 | PA      | $11924640.00  | 0.79%             | 2029-03-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                 | Oracle Corporation                                                           | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Short            | EC               | CORP              | US        |    -11500 | NS      | $-1691765.00  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                 | Oracle Corporation Series D                                                  | CUSIP: 68389X204<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EP               | CORP              | US        |     50000 | NS      | $2250500.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc.                      | Ormat Technologies, Inc.                                                     | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Short            | EC               | CORP              | US        |    -23740 | NS      | $-2656980.80  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc.                      | Ormat Technologies, Inc.                                                     | CUSIP: 686688AB8<br>LEI: 5493000TSHHWY24VHM09 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3927600.00   | 0.26%             | 2027-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Pacira Biosciences Inc                       | Pacira BioSciences, Inc.                                                     | CUSIP: 695127100<br>LEI: 549300P56LERYBDHCF69 | Short            | EC               | CORP              | US        |    -75741 | NS      | $-1711746.60  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Pacira Biosciences Inc                       | Pacira BioSciences, Inc.                                                     | CUSIP: 695127AJ9<br>LEI: 549300P56LERYBDHCF69 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7725600.00   | 0.51%             | 2029-05-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Pagerduty Inc                                | PagerDuty, Inc.                                                              | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Short            | EC               | CORP              | US        |    -38879 | NS      | $-241438.59   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Pagerduty Inc                                | PagerDuty Inc                                                                | CUSIP: 69553PAD2<br>LEI: 549300U1SB749EDAGH21 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8142750.00   | 0.54%             | 2028-10-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| PAR Technology Corp.                         | PAR Technology Corporation                                                   | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Short            | EC               | CORP              | US        |   -258129 | NS      | $-3440859.57  | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp.                         | PAR Technology Corp.                                                         | CUSIP: 698884AK9<br>LEI: 549300HYPTHBJQINVG57 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7755000.00   | 0.51%             | 2031-03-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Parsons Corporation                          | Parsons Corporation                                                          | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Short            | EC               | CORP              | US        |    -50122 | NS      | $-2715108.74  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corporation                          | Parsons Corp.                                                                | CUSIP: 70202LAD4<br>LEI: 549300ZXH0VRBSEPX752 | Long             | DBT              | CORP              | US        |  14833000 | PA      | $14632754.50  | 0.97%             | 2029-03-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Patrick Industries Inc.                      | Patrick Industries, Inc.                                                     | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Short            | EC               | CORP              | US        |   -158100 | NS      | $-17560167.00 | -1.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc.                      | Patrick Industries, Inc.                                                     | CUSIP: 703343AG8<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |  10949000 | PA      | $19001989.50  | 1.26%             | 2028-12-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Penguin Solutions Inc                        | Penguin Solutions, Inc.                                                      | CUSIP: 706915105<br>LEI: 254900DVWIPOY3GJ8E23 | Short            | EC               | CORP              | US        |   -411889 | NS      | $-7249246.40  | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc.                            | Pitney Bowes, Inc.                                                           | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Short            | EC               | CORP              | US        |   -278474 | NS      | $-3077137.70  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc.                            | Pitney Bowes Inc                                                             | CUSIP: 724479AR1<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6063000.00   | 0.40%             | 2030-08-15      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Plug Power Inc                               | Plug Power, Inc.                                                             | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Short            | EC               | CORP              | US        |   -982800 | NS      | $-2221128.00  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                               | Plug Power, Inc.                                                             | CUSIP: 72919PAG8<br>LEI: 549300JPDKRSJ8JSM954 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4514430.28   | 0.30%             | 2033-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings Inc.                           | Post Holdings, Inc.                                                          | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Short            | EC               | CORP              | US        |    -43066 | NS      | $-4257504.76  | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                           | Post Holdings, Inc.                                                          | CUSIP: 737446AT1<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $8133750.00   | 0.54%             | 2027-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Progress Software Corp.                      | Progress Software Corporation                                                | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Short            | EC               | CORP              | US        |    -49100 | NS      | $-1259415.00  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp.                      | Progress Software Corp.                                                      | CUSIP: 743312AD2<br>LEI: 549300R65B3JG6972S24 | Long             | DBT              | CORP              | US        |  10617000 | PA      | $9458685.30   | 0.63%             | 2030-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Rapid7 Inc.                                  | Rapid7, Inc.                                                                 | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-44080.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7 Inc.                                  | Rapid7 Inc                                                                   | CUSIP: 753422AF1<br>LEI: 549300GNVG5D60KEYN14 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6608001.19   | 0.44%             | 2027-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Rapid7 Inc.                                  | Rapid7, Inc.                                                                 | CUSIP: 753422AH7<br>LEI: 549300GNVG5D60KEYN14 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1685000.30   | 0.11%             | 2029-03-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Redfin Corporation                           | Redfin Corp                                                                  | CUSIP: 75737FAE8<br>LEI: 549300HXWD3JEMZU3O57 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $2805075.00   | 0.19%             | 2027-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Repligen Corporation                         | Repligen Corporation                                                         | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Short            | EC               | CORP              | US        |    -10383 | NS      | $-1223325.06  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corporation                         | Repligen Corp.                                                               | CUSIP: 759916AD1<br>LEI: 54930006QJ0T5AUO1E71 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4885000.00   | 0.32%             | 2028-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Repay Holdings Corporation                   | Repay Holdings Corporation                                                   | CUSIP: 76029L100<br>LEI: 2549006EJ42T73ZKUI98 | Short            | EC               | CORP              | US        |   -337901 | NS      | $-878542.60   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Repay Holdings Corporation                   | Repay Holdings Corp.                                                         | CUSIP: 76029LAC4<br>LEI: 2549006EJ42T73ZKUI98 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8023648.60   | 0.53%             | 2029-07-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Semtech Corporation                          | Semtech Corporation                                                          | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Short            | EC               | CORP              | US        |   -138650 | NS      | $-10660798.50 | -0.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corporation                          | Semtech Corp                                                                 | CUSIP: 816850AF8<br>LEI: 549300J7WUY317SW6O61 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $11622875.00  | 0.77%             | 2027-11-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Penguin Solutions Inc                        | Penguin Solutions, Inc.                                                      | CUSIP: 83205YAC8<br>LEI: 254900DVWIPOY3GJ8E23 | Long             | DBT              | CORP              | KY        |   9000000 | PA      | $10132766.01  | 0.67%             | 2029-02-01      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Penguin Solutions Inc                        | Penguin Solutions, Inc                                                       | CUSIP: 83205YAE4<br>LEI: 254900DVWIPOY3GJ8E23 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7052775.45   | 0.47%             | 2030-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Spectrum Brands, Inc.                        | Spectrum Brands, Inc.                                                        | CUSIP: 84762LAZ8<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |  11411000 | PA      | $11417276.05  | 0.76%             | 2029-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Spectrum Brands Holdings Inc.                | Spectrum Brands Holdings, Inc.                                               | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Short            | EC               | CORP              | US        |    -24515 | NS      | $-1806755.50  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc.                    | Super Micro Computer, Inc.                                                   | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Short            | EC               | CORP              | US        |   -109300 | NS      | $-2488761.00  | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc.                    | Super Micro Computer, Inc.                                                   | CUSIP: 86800UAE4<br>LEI: 54930022CZO1N2UGVW07 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $6613967.07   | 0.44%             | 2030-06-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Synaptics Incorporated                       | Synaptics, Inc.                                                              | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Short            | EC               | CORP              | US        |    -13464 | NS      | $-943018.56   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Incorporated                       | Synaptics Inc.                                                               | CUSIP: 87157DAJ8<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2073500.00   | 0.14%             | 2031-12-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Tempus AI Inc.                               | Tempus AI, Inc.                                                              | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Short            | EC               | CORP              | US        |    -31400 | NS      | $-1419908.00  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI Inc.                               | Tempus AI, Inc.                                                              | CUSIP: 88023BAD5<br>LEI: 2549009LA0KWRAGQBX50 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4300875.00   | 0.29%             | 2030-07-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Terawulf Inc                                 | Terawulf, Inc.                                                               | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Short            | EC               | CORP              | US        |   -488100 | NS      | $-7043283.00  | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                                 | TERAWULF INC                                                                 | CUSIP: 88080TAC8<br>LEI: 254900CVMW1SX2T78A64 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $6945000.00   | 0.46%             | 2031-09-01      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Terawulf Inc                                 | Terawulf Inc                                                                 | CUSIP: 88080TAE4<br>LEI: 254900CVMW1SX2T78A64 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4141654.40   | 0.27%             | 2032-05-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Tetra Tech Inc                               | Tetra Tech, Inc.                                                             | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Short            | EC               | CORP              | US        |   -200927 | NS      | $-6051921.24  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                               | Tetra Tech, Inc.                                                             | CUSIP: 88162GAB9<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | DBT              | CORP              | US        |  16526000 | PA      | $17338252.90  | 1.15%             | 2028-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Ultra Clean Holdings Inc                     | Ultra Clean Holdings, Inc.                                                   | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Short            | EC               | CORP              | US        |    -97500 | NS      | $-6062550.00  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc                     | Ultra Clean Holdings, Inc.                                                   | CUSIP: 90385VAA5<br>LEI: 5493007L6LS7QX18PE75 | Long             | DBT              | CORP              | US        |  11936000 | PA      | $12673048.00  | 0.84%             | 2031-03-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Upwork Inc                                   | Upwork, Inc.                                                                 | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-21920.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                   | Upwork, Inc.                                                                 | CUSIP: 91688FAB0<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | DBT              | CORP              | US        |   8640000 | PA      | $8478000.00   | 0.56%             | 2026-08-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Varonis Systems Inc                          | Varonis Systems, Inc.                                                        | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Short            | EC               | CORP              | US        |    -40484 | NS      | $-869191.48   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                          | Varonis Systems, Inc.                                                        | CUSIP: 922280AD4<br>LEI: 549300SHIVNRRH7STS26 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8748708.20   | 0.58%             | 2029-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Veeco Instruments Inc.                       | Veeco Instruments, Inc.                                                      | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Short            | EC               | CORP              | US        |   -169000 | NS      | $-5722340.00  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc.                       | Veeco Instruments Inc 2.875 06/01/29                                         | CUSIP: 922417AJ9<br>LEI: 5493004201F72ADDZW04 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $10423978.35  | 0.69%             | 2029-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Vishay Intertechnology, Inc.                 | Vishay Intertechnology, Inc.                                                 | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Short            | EC               | CORP              | US        |   -164343 | NS      | $-2958174.00  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.                 | Vishay Intertechnology Inc                                                   | CUSIP: 928298AR9<br>LEI: 5493009O8F3QQJTCQR75 | Long             | DBT              | CORP              | US        |  11031000 | PA      | $10611822.00  | 0.70%             | 2030-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Voyager Technologies Inc.                    | Voyager Technologies, Inc.                                                   | CUSIP: 92892B103<br>LEI: 254900DDCLSP240FE187 | Short            | EC               | CORP              | US        |   -149998 | NS      | $-3508453.22  | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Voyager Technologies Inc.                    | Voyager Technologies, Inc.                                                   | CUSIP: 92892BAA1<br>LEI: 254900DDCLSP240FE187 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6234000.00   | 0.41%             | 2030-11-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| WEC Energy Group Inc.                        | WEC Energy Group, Inc.                                                       | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Short            | EC               | CORP              | US        |    -19550 | NS      | $-2263303.50  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                        | WEC Energy Group, Inc.                                                       | CUSIP: 92939UAS5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7790625.00   | 0.52%             | 2028-06-01      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Wix.com Limited                              | Wix.com Ltd.                                                                 | CUSIP: 92940WAE9<br>LEI: 5493008P6N29Q1AG9464 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8300000.00   | 0.55%             | 2030-09-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Wayfair Inc                                  | Wayfair, Inc.                                                                | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Short            | EC               | CORP              | US        |    -54974 | NS      | $-4134594.54  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                                  | Wayfair Inc.                                                                 | CUSIP: 94419LAP6<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |   4664000 | PA      | $6313238.81   | 0.42%             | 2027-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Winnebago Industries Inc.                    | Winnebago Industries, Inc.                                                   | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Short            | EC               | CORP              | US        |    -31400 | NS      | $-973086.00   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc.                    | Winnebago Industries Inc 3.25 01/15/30                                       | CUSIP: 974637AF7<br>LEI: 549300B7OYKYJLTE3G11 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8163000.00   | 0.54%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WisdomTree, Inc.                             | WisdomTree, Inc.                                                             | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Short            | EC               | CORP              | US        |   -745800 | NS      | $-10858848.00 | -0.72%            |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree, Inc.                             | WisdomTree Inc                                                               | CUSIP: 97717PAH7<br>LEI: 549300WIU8IS7UFO7871 | Long             | DBT              | CORP              | US        |   9308000 | PA      | $12688665.60  | 0.84%             | 2029-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WisdomTree, Inc.                             | WisdomTree, Inc.                                                             | CUSIP: 97717PAJ3<br>LEI: 549300WIU8IS7UFO7871 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5460000.00   | 0.36%             | 2030-08-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Workiva Inc                                  | Workiva, Inc.                                                                | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Short            | EC               | CORP              | US        |    -23498 | NS      | $-1401185.74  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                                  | Workiva, Inc.                                                                | CUSIP: 98139AAB1<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5961000.00   | 0.40%             | 2026-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Workiva Inc                                  | Workvia, Inc.                                                                | CUSIP: 98139AAD7<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5632500.00   | 0.37%             | 2028-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Xometry Inc                                  | Xometry, Inc.                                                                | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Short            | EC               | CORP              | US        |    -41986 | NS      | $-1714708.24  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Xometry Inc                                  | Xometry, Inc.                                                                | CUSIP: 98423FAC3<br>LEI: 5493006JFRGU7YRRXE44 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3540000.00   | 0.24%             | 2030-06-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Zoetis Inc.                                  | Zoetis, Inc.                                                                 | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Short            | EC               | CORP              | US        |    -16665 | NS      | $-1969969.65  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                  | Zoetis Inc                                                                   | CUSIP: 98978VAY9<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4975000.00   | 0.33%             | 2029-06-15      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| Zscaler Inc                                  | Zscaler, Inc.                                                                | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Short            | EC               | CORP              | US        |     -1725 | NS      | $-242000.25   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                  | Zscaler, Inc.                                                                | CUSIP: 98980GAC6<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $6831722.93   | 0.45%             | 2028-07-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                       | CBOT 5 Year US Treasury Note 2026-06-30                                      | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DCO              | CORP              | US        |      -400 | NS      | $440624.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                     | Jazz Pharmaceuticals plc                                                     | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Short            | EC               | CORP              | IE        |    -40021 | NS      | $-7565970.05  | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                                 | LivaNova plc                                                                 | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Short            | EC               | CORP              | GB        |    -69300 | NS      | $-4404708.00  | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Joby Aviation Inc.                           | Joby Aviation, Inc.                                                          | CUSIP: G65163100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -327000 | NS      | $-2701020.00  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd           | Norwegian Cruise Line Holdings Ltd.                                          | CUSIP: G66721104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -111800 | NS      | $-2090660.00  | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| CRISPR Therapeutics AG                       | CRISPR Therapeutics A.G.                                                     | CUSIP: H17182108<br>LEI: 506700O6IRRIQLT3W370 | Short            | EC               | CORP              | CH        |    -24000 | NS      | $-1141680.00  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Limited                               | Camtek Ltd.                                                                  | CUSIP: M20791105<br>LEI: 5493000H80W07HCKGS43 | Short            | EC               | CORP              | IL        |    -52116 | NS      | $-7901306.76  | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd.       | Check Point Software Technologies Ltd.                                       | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Short            | EC               | CORP              | IL        |    -11697 | NS      | $-1670916.45  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Limited                              | Wix.com Ltd.                                                                 | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Short            | EC               | CORP              | IL        |    -20055 | NS      | $-1806353.85  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Nebius Group N.V.                            | Nebius Group N.V.                                                            | CUSIP: N97284108<br>LEI: 549300GGZHJ5Q1B18P93 | Short            | EC               | CORP              | NL        |    -38690 | NS      | $-4014474.40  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| IREN Ltd.                                    | IREN Ltd.                                                                    | CUSIP: Q4982L109<br>LEI: 254900FZF02RB3NNGB71 | Short            | EC               | CORP              | AU        |   -211768 | NS      | $-7259407.04  | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-31

**Name of Applicant:** United Series Trust

**Signature:** Martin R. Dean

**Name of Signer:** Martin R. Dean

**Title:** President