# EDGAR Filing Document

**Accession Number:** 0001989916
**File Stem:** 0000894189-25-010311
**Filing Date:** 2025-9
**Character Count:** 43159
**Document Hash:** d05e7ee23022a853ae67627ba3b9625d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-010311.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000894189-25-010311

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SP Funds Trust
- **CENTRAL INDEX KEY:** 0001989916

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23893
- **FILM NUMBER:** 251357239

**BUSINESS ADDRESS:**
- **STREET 1:** 1331 S. INTERNATIONAL PARKWAY
- **STREET 2:** SUITE 2291
- **CITY:** LAKE MARY
- **STATE:** FL
- **ZIP:** 32746
- **BUSINESS PHONE:** 321-275-5125

**MAIL ADDRESS:**
- **STREET 1:** 1331 S. INTERNATIONAL PARKWAY
- **STREET 2:** SUITE 2291
- **CITY:** LAKE MARY
- **STATE:** FL
- **ZIP:** 32746

## Series and Classes Contracts Data

### SP Funds S&P Global Technology ETF (Series ID: S000082880)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000246211 | SP Funds S&P Global Technology ETF | SPTE            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SP Funds S&P Global Technology ETF** | **SP Funds S&P Global Technology ETF** | **SP Funds S&P Global Technology ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 98.9%** | **Shares** | **Value**  |
| **Computers - 14.5%** | **Computers - 14.5%** | |
| Accenture PLC - Class A | 1434 | $383021 |
| Apple, Inc. | 31333 | 6503791 |
| Capgemini SE - ADR | 8343 | 247954 |
| CGI, Inc. | 2217 | 214203 |
| Cognizant Technology Solutions Corp. - Class A | 1168 | 83816 |
| Crowdstrike Holdings, Inc. - Class A <sup>(a)</sup> | 586 | 266378 |
| EPAM Systems, Inc. <sup>(a)</sup> | 130 | 20502 |
| Fortinet, Inc. <sup>(a)</sup> | 1503 | 150150 |
| Fujitsu Ltd. - ADR | 18830 | 410494 |
| Gartner, Inc. <sup>(a)</sup> | 182 | 61634 |
| Logitech International SA | 1583 | 148426 |
| NetApp, Inc. | 481 | 50087 |
| Nomura Research Institute Ltd. - ADR | 4744 | 188432 |
| Obic Co. Ltd. | 3327 | 119820 |
| Seagate Technology Holdings PLC | 494 | 77563 |
| Super Micro Computer, Inc. <sup>(a)</sup> | 1172 | 69113 |
|  |  | 8995384 |
| **Electrical Components & Equipment - 2.2%** | **Electrical Components & Equipment - 2.2%** |  |
| Delta Electronics, Inc. | 72688 | 1380822 |
| **Electronics - 2.0%** | **Electronics - 2.0%** |  |
| Halma PLC - ADR | 2035 | 177432 |
| Jabil, Inc. | 274 | 61148 |
| Kyocera Corp. - ADR | 14652 | 173773 |
| Murata Manufacturing Co. Ltd. - ADR | 39813 | 295412 |
| SCREEN Holdings Co. Ltd. | 1016 | 80878 |
| TDK Corp. | 21532 | 265689 |
| TE Connectivity PLC | 703 | 144642 |
| Trimble, Inc. <sup>(a)</sup> | 512 | 42952 |
|  |  | 1241926 |
| **Energy-Alternate Sources - 0.1%** | **Energy-Alternate Sources - 0.1%** |  |
| First Solar, Inc. <sup>(a)</sup> | 263 | 45954 |
| **Healthcare-Products - 0.4%** | **Healthcare-Products - 0.4%** |  |
| FUJIFILM Holdings Corp. - ADR | 27685 | 285986 |
| **Internet - 0.8%** | **Internet - 0.8%** |  |
| CDW Corp. | 296 | 51617 |
| F5, Inc. <sup>(a)</sup> | 131 | 41058 |
| GoDaddy, Inc. - Class A <sup>(a)</sup> | 345 | 55745 |
| Palo Alto Networks, Inc. <sup>(a)</sup> | 1564 | 271510 |
| VeriSign, Inc. | 195 | 52430 |
|  |  | 472360 |
| **Machinery-Diversified - 1.8%** | **Machinery-Diversified - 1.8%** |  |
| Hexagon AB - ADR | 22894 | 251147 |
| Keyence Corp. | 2181 | 799968 |
| Omron Corp. - ADR | 1976 | 51100 |
|  |  | 1102215 |
| **Office-Business Equipment - 0.5%** | **Office-Business Equipment - 0.5%** |  |
| Canon, Inc. - ADR | 10504 | 299259 |
| Zebra Technologies Corp. - Class A <sup>(a)</sup> | 89 | 30173 |
|  |  | 329432 |
| **Semiconductors - 47.5%<sup>(b)</sup>** | **Semiconductors - 47.5%<sup>(b)</sup>** |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 3715 | 654992 |
| Advantest Corp. - ADR | 8520 | 568540 |
| Analog Devices, Inc. | 1162 | 261020 |
| Applied Materials, Inc. | 1861 | 335092 |
| ASM International NV | 507 | 248071 |
| ASML Holding NV | 4119 | 2890386 |
| BE Semiconductor Industries NV | 749 | 102100 |
| Broadcom, Inc. | 10637 | 3124087 |
| Disco Corp. - ADR | 11406 | 338302 |
| Infineon Technologies AG - ADR | 14310 | 562669 |
| KLA Corp. | 308 | 270741 |
| Lam Research Corp. | 3010 | 285468 |
| Lasertec Corp. - ADR | 4436 | 87966 |
| MediaTek, Inc. | 60949 | 2797559 |
| Microchip Technology, Inc. | 1270 | 85839 |
| Micron Technology, Inc. | 2633 | 287366 |
| Monolithic Power Systems, Inc. | 100 | 71124 |
| NVIDIA Corp. | 40617 | 7224546 |
| NXP Semiconductors NV | 600 | 128262 |
| ON Semiconductor Corp. <sup>(a)</sup> | 993 | 55965 |
| QUALCOMM, Inc. | 2513 | 368808 |
| Skyworks Solutions, Inc. | 411 | 28170 |
| STMicroelectronics NV | 7202 | 185055 |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 27745 | 6703747 |
| Teradyne, Inc. | 372 | 39964 |
| Texas Instruments, Inc. | 2081 | 376786 |
| Tokyo Electron Ltd. - ADR | 10505 | 822016 |
| United Microelectronics Corp. - ADR | 87024 | 595244 |
|  |  | 29499885 |
| **Software - 24.6%** | **Software - 24.6%** |  |
| Adobe, Inc. <sup>(a)</sup> | 976 | 349105 |
| Akamai Technologies, Inc. <sup>(a)</sup> | 354 | 27014 |
| Autodesk, Inc. <sup>(a)</sup> | 512 | 155192 |
| Cadence Design Systems, Inc. <sup>(a)</sup> | 625 | 227856 |
| Constellation Software, Inc./Canada | 214 | 739923 |
| Dassault Systemes SE - ADR | 6992 | 229897 |
| Fair Isaac Corp. <sup>(a)</sup> | 54 | 77583 |
| Microsoft Corp. | 13139 | 7009656 |
| Oracle Corp. | 3726 | 945547 |
| PTC, Inc. <sup>(a)</sup> | 283 | 60791 |
| Roper Technologies, Inc. | 253 | 139251 |
| Sage Group PLC - ADR | 2716 | 174666 |
| Salesforce, Inc. | 2198 | 567809 |
| SAP SE - ADR | 11158 | 3198999 |
| ServiceNow, Inc. <sup>(a)</sup> | 482 | 454584 |
| Synopsys, Inc. <sup>(a)</sup> | 470 | 297934 |
| Temenos AG - ADR | 656 | 59047 |
| Tyler Technologies, Inc. <sup>(a)</sup> | 95 | 55533 |
| WiseTech Global Ltd. | 2055 | 157953 |
| Workday, Inc. - Class A <sup>(a)</sup> | 503 | 115378 |
| Xero Ltd. <sup>(a)</sup> | 1714 | 199733 |
|  |  | 15243451 |
| **Telecommunications - 4.5%** | **Telecommunications - 4.5%** |  |
| Arista Networks, Inc. <sup>(a)</sup> | 2359 | 290676 |
| Cisco Systems, Inc. | 9115 | 620549 |
| Corning, Inc. | 1822 | 115223 |
| Nokia Oyj - ADR | 58614 | 239145 |
| Telefonaktiebolaget LM Ericsson - ADR | 34465 | 248838 |
| Xiaomi Corp. - ADR <sup>(a)</sup> | 37303 | 1256365 |
|  |  | 2770796 |
| **TOTAL COMMON STOCKS** (Cost $46,954,414) | **TOTAL COMMON STOCKS** (Cost $46,954,414) | 61368211 |
| **TOTAL INVESTMENTS - 98.9% (**Cost $46,954,414**)** | **TOTAL INVESTMENTS - 98.9% (**Cost $46,954,414**)** | 61368211 |
| Other Assets in Excess of Liabilities - 1.1% | Other Assets in Excess of Liabilities - 1.1% | 659901 |
| **TOTAL NET ASSETS - 100.0%** |  | $62028112 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

AB - Aktiebolag ADR - American Depositary Receipt AG – Aktiengesellschaft NV - Naamloze Vennootschap OYJ - Julkinen Asakeyhtio PLC - Public Limited Company <br> SA - Sociedad Anónima SE - Societas Europeae

(a) Non-income producing security.

(b) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those
 industries or sectors.

------

#### <br>

#### Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
SP Funds S&P Global Technology ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $61368211 | $– | $– | $61368211 |
| Total Investments | $61368211 | $– | $– | $61368211 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

---

| |
|:---|
| **Allocation of Portfolio Holdings by Country as of July 31, 2025** |
| (% of Net Assets) |

---

---

| | | |
|:---|:---|:---|
| United States | $32915270 | 53.1%<sup>(a)</sup> |
| Taiwan | 11477372 | 18.5 |
| Japan | 4787635 | 7.7 |
| Germany | 3761668 | 6.1 |
| Netherlands | 3368819 | 5.4 |
| China | 1256365 | 2.0 |
| Canada | 954126 | 1.5 |
| Ireland | 527663 | 0.8 |
| Sweden | 499985 | 0.8 |
| France | 477851 | 0.8 |
| Switzerland | 392528 | 0.6 |
| United Kingdom | 352098 | 0.6 |
| Finland | 239145 | 0.4 |
| New Zealand | 199733 | 0.3 |
| Australia | 157953 | 0.3 |
| Other Assets in Excess of Liabilities | 659901 | 1.1 |
| **Total Net Assets** | $**62028112** | 100.0<br>**%** |

---

(a) To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting the country or region.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SP Funds Trust

- **b. Investment Company Act file number:** 811-23893

- **c. CIK number of Registrant:** 0001989916

- **d. LEI of Registrant:** 529900BJ968TFBK2QJ70

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

  - **Street Address 1:** 1331 South International Parkway

  - **City:** Lake Mary

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 32746

  - **Telephone number:** 321-275-5125

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

- **a. Name of Series:** SP Funds S&P Global Technology ETF

- **b. EDGAR series identifier (if any):** S000082880

- **c. LEI of Series:** 529900C0JEA4YB413541

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

- **a. Date of fiscal year-end:** 2025-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $61274087.02

**Total Liabilities:** $30703.06

**Net Assets:** $61243383.96

**Cash Not Reported:** $216326.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000246211 | 9.70%                | 9.52%                | 1.67%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $196381.14               | $4568206.72                                |
| Month 2  | $287659.14               | $4822298.25                                |
| Month 3  | $445858.04               | $519050.15                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Akamai Technologies Inc        | Akamai Technologies Inc                   | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |       350 | NS      | $26708.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Disco Corp                     | Disco Corp                                | CUSIP: 25461D100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     11262 | NS      | $334030.92    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                    | Gartner Inc                               | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |       180 | NS      | $60957.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                      | Jabil Inc                                 | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |       271 | NS      | $60479.07     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                   | MediaTek Inc                              | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     60178 | NS      | $2762169.70   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp          | ON Semiconductor Corp                     | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |       981 | NS      | $55289.16     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sage Group PLC/The             | Sage Group PLC/The                        | CUSIP: 78663S201<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |      2682 | NS      | $172479.42    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     27745 | NS      | $6703746.90   | 10.95%            |  |  |  | No            |                  1 | On Loan: No      |
| United Microelectronics Corp   | United Microelectronics Corp              | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |     85923 | NS      | $587713.32    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI Inc                        | CGI Inc                                   | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |      2189 | NS      | $211498.04    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WiseTech Global Ltd            | WiseTech Global Ltd                       | CUSIP: N/A<br>LEI: 254900VE3AF301Q85K83       | Long             | EC               | CORP              | AU        |      2029 | NS      | $155954.33    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC            | TE Connectivity PLC                       | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |       695 | NS      | $142996.25    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                           | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      4067 | NS      | $2853896.26   | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc             | Analog Devices Inc                        | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      1148 | NS      | $257875.24    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      1838 | NS      | $330950.28    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                    | CDW Corp/DE                               | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |       293 | NS      | $51093.34     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                   | Autodesk Inc                              | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |       506 | NS      | $153373.66    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SCREEN Holdings Co Ltd         | SCREEN Holdings Co Ltd                    | CUSIP: N/A<br>LEI: 353800ND89FTQ9XQ0R07       | Long             | EC               | CORP              | JP        |      1004 | NS      | $79922.39     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co Ltd    | Murata Manufacturing Co Ltd               | CUSIP: 626425102<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |     39310 | NS      | $291680.20    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                     | NetApp Inc                                | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |       475 | NS      | $49461.75     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                               | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      3679 | NS      | $933619.83    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc         | Skyworks Solutions Inc                    | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |       406 | NS      | $27827.24     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Temenos AG                     | Temenos AG                                | CUSIP: 87974R208<br>LEI: 5067007NW6550481FH64 | Long             | EC               | CORP              | CH        |       648 | NS      | $58326.48     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                | Fair Isaac Corp                           | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |        54 | NS      | $77582.88     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                | First Solar Inc                           | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |       260 | NS      | $45429.80     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujitsu Ltd                    | Fujitsu Ltd                               | CUSIP: 359590304<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |     18592 | NS      | $405305.60    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions | Cognizant Technology Solutions Corp       | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      1154 | NS      | $82811.04     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                   | Fortinet Inc                              | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      1484 | NS      | $148251.60    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyocera Corp                   | Kyocera Corp                              | CUSIP: 501556203<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     14467 | NS      | $171578.62    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Obic Co Ltd                    | Obic Co Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3285 | NS      | $118307.58    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp                   | Keyence Corp                              | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |      2154 | NS      | $790064.79    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc         | Roper Technologies Inc                    | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       250 | NS      | $137600.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc       | Super Micro Computer Inc                  | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |      1158 | NS      | $68287.26     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                   | Synopsys Inc                              | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |       465 | NS      | $294766.20    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                 | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       964 | NS      | $344813.16    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     10637 | NS      | $3124086.90   | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International NV           | ASM International NV                      | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |       501 | NS      | $245135.69    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc                     | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      2055 | NS      | $372078.30    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                    | Trimble Inc                               | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |       506 | NS      | $42448.34     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Xiaomi Corp                    | Xiaomi Corp                               | CUSIP: 98421U108<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | CN        |     36831 | NS      | $1240468.08   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                             | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |      1416 | NS      | $378213.60    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                    | Corning Inc                               | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      1799 | NS      | $113768.76    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE           | Dassault Systemes SE                      | CUSIP: 237545108<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |      6904 | NS      | $227003.52    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM Holdings Corp         | FUJIFILM Holdings Corp                    | CUSIP: 35958N107<br>LEI: 529900UBKMFM0ST6H474 | Long             | EC               | CORP              | JP        |     27335 | NS      | $282370.55    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                                  | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       305 | NS      | $268104.15    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     40617 | NS      | $7224545.79   | 11.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Omron Corp                     | Omron Corp                                | CUSIP: 682151303<br>LEI: 549300ZHW0TR2QZ0NY83 | Long             | EC               | CORP              | JP        |      1951 | NS      | $50452.86     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      2171 | NS      | $560834.43    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                   | VeriSign Inc                              | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |       193 | NS      | $51891.91     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp        | Zebra Technologies Corp                   | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |        88 | NS      | $29833.76     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Xero Ltd                       | Xero Ltd                                  | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               | CORP              | NZ        |      1693 | NS      | $197285.58    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics NV          | STMicroelectronics NV                     | CUSIP: N83574108<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | CH        |      7111 | NS      | $182717.32    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc         | Tyler Technologies Inc                    | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |        94 | NS      | $54948.64     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG       | Infineon Technologies AG                  | CUSIP: 45662N103<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     14129 | NS      | $555552.28    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Lasertec Corp                  | Lasertec Corp                             | CUSIP: 51809L109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4380 | NS      | $86855.40     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc   | Monolithic Power Systems Inc              | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |        99 | NS      | $70412.76     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc         | Palo Alto Networks Inc                    | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      1545 | NS      | $268212.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      2482 | NS      | $364258.32    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International SA      | Logitech International SA                 | CUSIP: N/A<br>LEI: 549300SN6PRK6IJJC215       | Long             | EC               | CORP              | CH        |      1563 | NS      | $146551.10    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                   | Capgemini SE                              | CUSIP: 13961R100<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      8238 | NS      | $244833.36    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                     | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      2600 | NS      | $283764.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                      | Nokia Oyj                                 | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |     57873 | NS      | $236121.84    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc     | Cadence Design Systems Inc                | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       618 | NS      | $225304.26    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Canon Inc                      | Canon Inc                                 | CUSIP: 138006309<br>LEI: 529900JH1GSC035SSP77 | Long             | EC               | CORP              | JP        |     10372 | NS      | $295498.28    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Halma PLC                      | Halma PLC                                 | CUSIP: 40637C308<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |      2010 | NS      | $175251.90    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Research Institute Ltd  | Nomura Research Institute Ltd             | CUSIP: 65538C206<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |      4684 | NS      | $186048.48    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                         | SAP SE                                    | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     11158 | NS      | $3198998.60   | 5.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       476 | NS      | $448925.12    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                   | Teradyne Inc                              | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |       368 | NS      | $39534.24     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc/Can | Constellation Software Inc/Canada         | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       212 | NS      | $733007.38    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV          | NXP Semiconductors NV                     | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |       593 | NS      | $126765.61    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantest Corp                 | Advantest Corp                            | CUSIP: 00762U200<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |      8413 | NS      | $561399.49    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      3668 | NS      | $646705.08    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc            | Arista Networks Inc                       | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      2330 | NS      | $287102.60    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     31333 | NS      | $6503790.81   | 10.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      9000 | NS      | $612720.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc       | Crowdstrike Holdings Inc                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       579 | NS      | $263196.03    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc               | EPAM Systems Inc                          | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |       129 | NS      | $20344.59     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ericsson                       | Telefonaktiebolaget LM Ericsson           | CUSIP: 294821608<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |     34029 | NS      | $245689.38    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                         | F5 Inc                                    | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |       130 | NS      | $40744.60     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                    | GoDaddy Inc                               | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |       341 | NS      | $55098.78     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexagon AB                     | Hexagon AB                                | CUSIP: 428263107<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |     22605 | NS      | $247976.85    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                         | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      2972 | NS      | $281864.48    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     13139 | NS      | $7009656.50   | 11.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc       | Microchip Technology Inc                  | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      1254 | NS      | $84757.86     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics Inc          | Delta Electronics Inc                     | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |     71768 | NS      | $1363345.54   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TDK Corp                       | TDK Corp                                  | CUSIP: N/A<br>LEI: 3538005O8WNU39U8NX03       | Long             | EC               | CORP              | JP        |     21260 | NS      | $262333.10    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                        | PTC Inc                                   | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |       280 | NS      | $60146.80     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electron Ltd             | Tokyo Electron Ltd                        | CUSIP: 889110102<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |     10373 | NS      | $811687.25    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                    | Workday Inc                               | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |       497 | NS      | $114001.86    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BE Semiconductor Industries NV | BE Semiconductor Industries NV            | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |       740 | NS      | $100873.29    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL | Seagate Technology Holdings PLC           | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | US        |       488 | NS      | $76620.88     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** SP Funds Trust

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Assistant Treasurer