# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-25-004271
**Filing Date:** 2025-11
**Character Count:** 140837
**Document Hash:** d87a0120349404b79dbe18e6e67507e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004271.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004271

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST II
- **CENTRAL INDEX KEY:** 0001518042

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22549
- **FILM NUMBER:** 251527144

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

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

## Series and Classes Contracts Data

### Acclivity Mid Cap Multi-Style Fund (Series ID: S000063454)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000205612 | Acclivity Mid Cap Multi-Style N Shares | AXMNX           |
| C000205613 | Acclivity Mid Cap Multi-Style I Shares | AXMIX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Value** |
|  | **COMMON STOCKS — 97.7%** |  |
|  | **ADVERTISING & MARKETING - 0.5%** |  |
| 160 | Omnicom Group, Inc.<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $13045 |
| 137 | Trade Desk, Inc. (The), Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6714 |
|  |  | &nbsp;&nbsp; 19759 |
|  | **AEROSPACE & DEFENSE - 1.1%** |  |
| 46 | HEICO Corporation | &nbsp;&nbsp;&nbsp; 14850 |
| 101 | Rocket Lab Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4839 |
| 25 | Teledyne Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 14651 |
| 101 | Textron, Inc. | &nbsp;&nbsp;&nbsp; 8533 |
| 18 | Woodward, Inc. | &nbsp;&nbsp;&nbsp; 4549 |
|  |  | &nbsp;&nbsp; 47422 |
|  | **APPAREL & TEXTILE PRODUCTS - 0.8%** |  |
| 63 | Deckers Outdoor Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6386 |
| 40 | Ralph Lauren Corporation | &nbsp;&nbsp;&nbsp; 12543 |
| 140 | Tapestry, Inc. | &nbsp;&nbsp;&nbsp; 15851 |
|  |  | &nbsp;&nbsp; 34780 |
|  | **ASSET MANAGEMENT - 2.5%** |  |
| 65 | Ares Management Corporation, Class A | &nbsp;&nbsp;&nbsp; 10393 |
| 319 | Carlyle Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 20001 |
| 86 | LPL Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp; 28611 |
| 167 | Raymond James Financial, Inc. | &nbsp;&nbsp;&nbsp; 28824 |
| 35 | Stifel Financial Corporation | &nbsp;&nbsp;&nbsp; 3972 |
| 197 | T Rowe Price Group, Inc. | &nbsp;&nbsp;&nbsp; 20220 |
|  |  | &nbsp;&nbsp; 112021 |
|  | **AUTOMOTIVE - 0.4%** |  |
| 72 | Aptiv Holdings Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6208 |
| 778 | Rivian Automotive, Inc., Class A<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 11421 |
|  |  | &nbsp;&nbsp; 17629 |
|  | **BANKING - 3.0%** |  |
| 258 | Citizens Financial Group, Inc.<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 13715 |
| 103 | East West Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 10964 |
| 499 | Fifth Third Bancorp<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 22231 |
| 10 | First Citizens BancShares, Inc., Class A | &nbsp;&nbsp;&nbsp; 17892 |
| 125 | First Horizon Corporation | &nbsp;&nbsp;&nbsp; 2826 |
| 908 | Huntington Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 15681 |

---

---

| | | |
|:---|:---|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **BANKING - 3.0% (Continued)** |  |
| 904 | KeyCorporation | &nbsp;&nbsp;&nbsp; $16896 |
| 84 | M&T Bank Corporation<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 16600 |
| 626 | Regions Financial Corporation | &nbsp;&nbsp;&nbsp; 16508 |
|  |  | &nbsp;&nbsp; 133313 |
|  | **BEVERAGES - 1.1%** |  |
| 324 | Brown-Forman Corporation, Class B | &nbsp;&nbsp;&nbsp; 8774 |
| 91 | Celsius Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5232 |
| 69 | Coca-Cola Consolidated, Inc. | &nbsp;&nbsp;&nbsp; 8084 |
| 64 | Constellation Brands, Inc., Class A | &nbsp;&nbsp;&nbsp; 8619 |
| 775 | Keurig Dr Pepper, Inc. | &nbsp;&nbsp;&nbsp; 19770 |
|  |  | &nbsp;&nbsp; 50479 |
|  | **BIOTECH & PHARMA - 2.6%** |  |
| 45 | Alnylam Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 20520 |
| 126 | Biogen, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17650 |
| 92 | BioMarin Pharmaceutical, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4983 |
| 323 | Exelixis, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13340 |
| 246 | Incyte Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 20863 |
| 18 | Insmed, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2592 |
| 113 | Moderna, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2919 |
| 106 | Neurocrine Biosciences, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 14880 |
| 128 | Royalty Pharma PLC, Class A | &nbsp;&nbsp;&nbsp; 4516 |
| 27 | United Therapeutics Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 11319 |
|  |  | &nbsp;&nbsp; 113582 |
|  | **CABLE & SATELLITE - 0.1%** |  |
| 44 | Liberty Broadband Corporation - Series C<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2796 |
|  | **CHEMICALS - 1.1%** |  |
| 78 | Avery Dennison Corporation | &nbsp;&nbsp;&nbsp; 12649 |
| 125 | CF Industries Holdings, Inc. | &nbsp;&nbsp;&nbsp; 11213 |
| 137 | International Flavors & Fragrances, Inc. | &nbsp;&nbsp;&nbsp; 8431 |
| 90 | LyondellBasell Industries N.V., Class A | &nbsp;&nbsp;&nbsp; 4414 |
| 118 | Mosaic Company (The) | &nbsp;&nbsp;&nbsp; 4092 |
| 47 | RPM International, Inc. | &nbsp;&nbsp;&nbsp; 5540 |
|  |  | &nbsp;&nbsp; 46339 |

---

---

| | | |
|:---|:---|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **COMMERCIAL SUPPORT SERVICES - 0.8%** |  |
| 54 | Aramark | &nbsp;&nbsp;&nbsp; $2073 |
| 21 | Clean Harbors, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4877 |
| 179 | GFL Environmental, Inc. | &nbsp;&nbsp;&nbsp; 8481 |
| 334 | Rollins, Inc. | &nbsp;&nbsp;&nbsp; 19619 |
|  |  | &nbsp;&nbsp; 35050 |
|  | **CONSTRUCTION MATERIALS - 1.4%** |  |
| 45 | Carlisle Companies, Inc. | &nbsp;&nbsp;&nbsp; 14803 |
| 28 | Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp; 17648 |
| 91 | Owens Corning | &nbsp;&nbsp;&nbsp; 12873 |
| 59 | Vulcan Materials Company | &nbsp;&nbsp;&nbsp; 18149 |
|  |  | &nbsp;&nbsp; 63473 |
|  | **CONSUMER SERVICES - 0.3%** |  |
| 143 | Service Corp International | &nbsp;&nbsp;&nbsp; 11900 |
|  | **CONTAINERS & PACKAGING - 1.1%** |  |
| 192 | Ball Corporation | &nbsp;&nbsp;&nbsp; 9681 |
| 126 | Crown Holdings, Inc. | &nbsp;&nbsp;&nbsp; 12170 |
| 363 | International Paper Company | &nbsp;&nbsp;&nbsp; 16843 |
| 53 | Packaging Corporation of America | &nbsp;&nbsp;&nbsp; 11550 |
|  |  | &nbsp;&nbsp; 50244 |
|  | **DIVERSIFIED INDUSTRIALS - 0.5%** |  |
| 25 | Dover Corporation | &nbsp;&nbsp;&nbsp; 4171 |
| 42 | ITT, Inc. | &nbsp;&nbsp;&nbsp; 7508 |
| 88 | Pentair PLC | &nbsp;&nbsp;&nbsp; 9747 |
|  |  | &nbsp;&nbsp; 21426 |
|  | **E-COMMERCE DISCRETIONARY - 0.6%** |  |
| 141 | Chewy, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5703 |
| 206 | eBay, Inc. | &nbsp;&nbsp;&nbsp; 18736 |
|  |  | &nbsp;&nbsp; 24439 |
|  | **ELECTRIC UTILITIES - 5.4%** |  |
| 154 | Alliant Energy Corporation | &nbsp;&nbsp;&nbsp; 10381 |
| 245 | Ameren Corporation | &nbsp;&nbsp;&nbsp; 25573 |
| 576 | CenterPoint Energy, Inc. | &nbsp;&nbsp;&nbsp; 22349 |
| 264 | CMS Energy Corporation<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 19341 |

---

---

| | | |
|:---|:---|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **ELECTRIC UTILITIES - 5.4% (Continued)** |  |
| 287 | Consolidated Edison, Inc. | &nbsp;&nbsp;&nbsp; $28849 |
| 136 | DTE Energy Company | &nbsp;&nbsp;&nbsp; 19234 |
| 239 | Entergy Corporation | &nbsp;&nbsp;&nbsp; 22272 |
| 204 | Evergy, Inc. | &nbsp;&nbsp;&nbsp; 15508 |
| 148 | NRG Energy, Inc. | &nbsp;&nbsp;&nbsp; 23969 |
| 601 | PPL Corporation | &nbsp;&nbsp;&nbsp; 22333 |
| 237 | WEC Energy Group, Inc.<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 27158 |
|  |  | &nbsp;&nbsp; 236967 |
|  | **ELECTRICAL EQUIPMENT - 2.7%** |  |
| 11 | Acuity, Inc. | &nbsp;&nbsp;&nbsp; 3788 |
| 29 | Allegion PLC | &nbsp;&nbsp;&nbsp; 5143 |
| 109 | API Group Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3746 |
| 197 | Fortive Corporation | &nbsp;&nbsp;&nbsp; 9651 |
| 40 | Hubbell, Inc. | &nbsp;&nbsp;&nbsp; 17212 |
| 99 | Keysight Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17317 |
| 31 | Lennox International, Inc. | &nbsp;&nbsp;&nbsp; 16410 |
| 50 | Rockwell Automation, Inc. | &nbsp;&nbsp;&nbsp; 17477 |
| 170 | Trimble, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13881 |
| 86 | Vertiv Holdings Company | &nbsp;&nbsp;&nbsp; 12974 |
|  |  | &nbsp;&nbsp; 117599 |
|  | **ENGINEERING & CONSTRUCTION - 1.6%** |  |
| 84 | AECOM | &nbsp;&nbsp;&nbsp; 10960 |
| 22 | Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp; 18154 |
| 39 | EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp; 25332 |
| 54 | Jacobs Solutions, Inc. | &nbsp;&nbsp;&nbsp; 8092 |
| 30 | MasTec, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6384 |
| 7 | TopBuild Corporation<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 2736 |
|  |  | &nbsp;&nbsp; 71658 |
|  | **ENTERTAINMENT CONTENT - 1.8%** |  |
| 110 | Electronic Arts, Inc.<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 22187 |
| 529 | Fox Corporation, Class A | &nbsp;&nbsp;&nbsp; 33359 |
| 635 | Paramount Skydance Corporation | &nbsp;&nbsp;&nbsp; 12014 |
| 363 | Warner Music Group Corporation<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 12364 |
|  |  | &nbsp;&nbsp; 79924 |

---

---

| | | |
|:---|:---|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **FOOD - 1.6%** |  |
| 193 | Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp; $3534 |
| 36 | Hershey Company (The) | &nbsp;&nbsp;&nbsp; 6734 |
| 378 | Hormel Foods Corporation | &nbsp;&nbsp;&nbsp; 9352 |
| 76 | J M Smucker Company (The) | &nbsp;&nbsp;&nbsp; 8254 |
| 259 | Kellanova<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 21243 |
| 73 | McCormick & Company, Inc. | &nbsp;&nbsp;&nbsp; 4884 |
| 315 | Tyson Foods, Inc., Class A | &nbsp;&nbsp;&nbsp; 17104 |
|  |  | &nbsp;&nbsp; 71105 |
|  | **GAS & WATER UTILITIES - 1.0%** |  |
| 105 | American Water Works Company, Inc. | &nbsp;&nbsp;&nbsp; 14615 |
| 91 | Atmos Energy Corporation | &nbsp;&nbsp;&nbsp; 15538 |
| 70 | Essential Utilities, Inc. | &nbsp;&nbsp;&nbsp; 2793 |
| 281 | NiSource, Inc. | &nbsp;&nbsp;&nbsp; 12167 |
|  |  | &nbsp;&nbsp; 45113 |
|  | **HEALTH CARE FACILITIES & SERVICES - 4.1%** |  |
| 34 | Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp; 5336 |
| 460 | Centene Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 16413 |
| 3 | Chemed Corporation | &nbsp;&nbsp;&nbsp; 1343 |
| 117 | Encompass Health Corporation | &nbsp;&nbsp;&nbsp; 14861 |
| 163 | Humana, Inc. | &nbsp;&nbsp;&nbsp; 42408 |
| 147 | IQVIA Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 27921 |
| 45 | Labcorp Holdings, Inc. | &nbsp;&nbsp;&nbsp; 12918 |
| 8 | Medpace Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4113 |
| 33 | Molina Healthcare, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6315 |
| 77 | Quest Diagnostics, Inc.<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 14675 |
| 75 | Tenet Healthcare Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 15228 |
| 82 | Universal Health Services, Inc., Class B<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 16764 |
|  |  | &nbsp;&nbsp; 178295 |
|  | **HOME & OFFICE PRODUCTS - 0.3%** |  |
| 146 | Somnigroup International, Inc.<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 12312 |
|  | **HOME CONSTRUCTION - 1.4%** |  |
| 136 | Lennar Corporation, Class A | &nbsp;&nbsp;&nbsp; 17141 |
| 148 | Masco Corporation | &nbsp;&nbsp;&nbsp; 10418 |

---

---

| | | |
|:---|:---|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **HOME CONSTRUCTION - 1.4% (Continued)** |  |
| 152 | PulteGroup, Inc. | &nbsp;&nbsp;&nbsp; $20084 |
| 89 | Toll Brothers, Inc. | &nbsp;&nbsp;&nbsp; 12294 |
|  |  | &nbsp;&nbsp; 59937 |
|  | **HOUSEHOLD PRODUCTS - 0.6%** |  |
| 104 | Clorox Company (The) | &nbsp;&nbsp;&nbsp; 12823 |
| 141 | Estee Lauder Companies, Inc. (The), Class A | &nbsp;&nbsp;&nbsp; 12425 |
|  |  | &nbsp;&nbsp; 25248 |
|  | **INDUSTRIAL INTERMEDIATE PRODUCTS - 0.3%** |  |
| 70 | Mueller Industries, Inc. | &nbsp;&nbsp;&nbsp; 7078 |
| 21 | RBC Bearings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8196 |
|  |  | &nbsp;&nbsp; 15274 |
|  | **INDUSTRIAL SUPPORT SERVICES - 0.1%** |  |
| 86 | Core & Main, Inc., Class A<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 4629 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 2.2%** |  |
| 27 | Evercore, Inc., Class A | &nbsp;&nbsp;&nbsp; 9108 |
| 27 | Houlihan Lokey, Inc. | &nbsp;&nbsp;&nbsp; 5544 |
| 184 | Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;&nbsp; 12661 |
| 242 | Jefferies Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 15832 |
| 146 | Northern Trust Corporation | &nbsp;&nbsp;&nbsp; 19651 |
| 111 | SEI Investments Company | &nbsp;&nbsp;&nbsp; 9418 |
| 138 | State Street Corporation | &nbsp;&nbsp;&nbsp; 16009 |
| 58 | Tradeweb Markets, Inc., Class A | &nbsp;&nbsp;&nbsp; 6437 |
|  |  | &nbsp;&nbsp; 94660 |
|  | **INSURANCE - 9.9%** |  |
| 94 | American Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 13698 |
| 444 | Arch Capital Group Ltd. | &nbsp;&nbsp;&nbsp; 40284 |
| 64 | Assurant, Inc. | &nbsp;&nbsp;&nbsp; 13862 |
| 253 | Brown & Brown, Inc. | &nbsp;&nbsp;&nbsp; 23729 |
| 235 | Cincinnati Financial Corporation | &nbsp;&nbsp;&nbsp; 37153 |
| 304 | Equitable Holdings, Inc. | &nbsp;&nbsp;&nbsp; 15437 |
| 31 | Everest Group Ltd. | &nbsp;&nbsp;&nbsp; 10857 |
| 136 | Globe Life, Inc. | &nbsp;&nbsp;&nbsp; 19444 |
| 311 | Hartford Insurance Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 41484 |

---

---

| | | |
|:---|:---|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **INSURANCE - 9.9% (Continued)** |  |
| 20 | Kinsale Capital Group, Inc. | &nbsp;&nbsp;&nbsp; $8505 |
| 282 | Loews Corporation | &nbsp;&nbsp;&nbsp; 28310 |
| 16 | Markel Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 30582 |
| 38 | Old Republic International Corporation | &nbsp;&nbsp;&nbsp; 1614 |
| 20 | Primerica, Inc. | &nbsp;&nbsp;&nbsp; 5552 |
| 305 | Principal Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 25288 |
| 85 | Reinsurance Group of America, Inc. | &nbsp;&nbsp;&nbsp; 16331 |
| 57 | RenaissanceRe Holdings Ltd. | &nbsp;&nbsp;&nbsp; 14474 |
| 313 | Unum Group | &nbsp;&nbsp;&nbsp; 24345 |
| 429 | W R Berkley Corporation | &nbsp;&nbsp;&nbsp; 32870 |
| 88 | Willis Towers Watson PLC<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 30400 |
|  |  | &nbsp;&nbsp; 434219 |
|  | **INTERNET MEDIA & SERVICES - 1.4%** |  |
| 88 | Expedia Group, Inc. | &nbsp;&nbsp;&nbsp; 18810 |
| 140 | GoDaddy, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 19156 |
| 1411 | Snap, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10879 |
| 13 | VeriSign, Inc. | &nbsp;&nbsp;&nbsp; 3635 |
| 142 | Zillow Group, Inc., Class C<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10941 |
|  |  | &nbsp;&nbsp; 63421 |
|  | **LEISURE FACILITIES & SERVICES - 3.0%** |  |
| 796 | Carnival Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 23012 |
| 116 | Darden Restaurants, Inc. | &nbsp;&nbsp;&nbsp; 22082 |
| 303 | DraftKings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 11332 |
| 546 | Las Vegas Sands Corporation | &nbsp;&nbsp;&nbsp; 29369 |
| 159 | Live Nation Entertainment, Inc.<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 25981 |
| 66 | Texas Roadhouse, Inc. | &nbsp;&nbsp;&nbsp; 10966 |
| 72 | Yum! Brands, Inc. | &nbsp;&nbsp;&nbsp; 10944 |
|  |  | &nbsp;&nbsp; 133686 |
|  | **LEISURE PRODUCTS - 0.1%** |  |
| 56 | Hasbro, Inc. | &nbsp;&nbsp;&nbsp; 4248 |
|  | **MACHINERY - 1.7%** |  |
| 9 | Curtiss-Wright Corporation | &nbsp;&nbsp;&nbsp; 4887 |
| 89 | Graco, Inc. | &nbsp;&nbsp;&nbsp; 7561 |

---

---

| | | |
|:---|:---|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **MACHINERY - 1.7% (Continued)** |  |
| 19 | IDEX Corporation | &nbsp;&nbsp;&nbsp; $3092 |
| 81 | Ingersoll Rand, Inc. | &nbsp;&nbsp;&nbsp; 6692 |
| 47 | Lincoln Electric Holdings, Inc. | &nbsp;&nbsp;&nbsp; 11084 |
| 26 | Regal Rexnord Corporation<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 3730 |
| 46 | Snap-on, Inc. | &nbsp;&nbsp;&nbsp; 15940 |
| 90 | Stanley Black & Decker, Inc. | &nbsp;&nbsp;&nbsp; 6690 |
| 89 | Xylem, Inc. | &nbsp;&nbsp;&nbsp; 13128 |
|  |  | &nbsp;&nbsp; 72804 |
|  | **MEDICAL EQUIPMENT & DEVICES - 3.7%** |  |
| 149 | Agilent Technologies, Inc. | &nbsp;&nbsp;&nbsp; 19124 |
| 24 | Align Technology, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3005 |
| 246 | Baxter International, Inc.<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 5602 |
| 150 | Cooper Companies, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10284 |
| 280 | DexCom, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 18841 |
| 168 | Hologic, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 11338 |
| 8 | IDEXX Laboratories, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5111 |
| 146 | Illumina, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13866 |
| 59 | Insulet Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 18215 |
| 9 | Natera, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1449 |
| 6 | Penumbra, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1520 |
| 82 | ResMed, Inc. | &nbsp;&nbsp;&nbsp; 22446 |
| 62 | Revvity, Inc. | &nbsp;&nbsp;&nbsp; 5434 |
| 27 | STERIS PLC<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 6681 |
| 65 | Waters Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 19488 |
|  |  | &nbsp;&nbsp; 162404 |
|  | **METALS & MINING - 0.0%**<sup>(c)</sup> |  |
| 9 | Royal Gold, Inc. | &nbsp;&nbsp;&nbsp; 1805 |
|  | **OIL & GAS PRODUCERS - 3.6%** |  |
| 74 | Antero Resources Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2484 |
| 621 | Coterra Energy, Inc. | &nbsp;&nbsp;&nbsp; 14687 |
| 571 | Devon Energy Corporation | &nbsp;&nbsp;&nbsp; 20019 |
| 171 | Diamondback Energy, Inc. | &nbsp;&nbsp;&nbsp; 24470 |

---

---

| | | |
|:---|:---|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **OIL & GAS PRODUCERS - 3.6% (Continued)** |  |
| 35 | DT Midstream, Inc. | &nbsp;&nbsp;&nbsp; $3957 |
| 389 | EQT Corporation | &nbsp;&nbsp;&nbsp; 21173 |
| 174 | Expand Energy Corporation | &nbsp;&nbsp;&nbsp; 18486 |
| 7 | Murphy USA, Inc. | &nbsp;&nbsp;&nbsp; 2718 |
| 226 | Ovintiv, Inc. | &nbsp;&nbsp;&nbsp; 9126 |
| 161 | Permian Resources Corporation | &nbsp;&nbsp;&nbsp; 2061 |
| 134 | Targa Resources Corporation | &nbsp;&nbsp;&nbsp; 22450 |
| 108 | Valero Energy Corporation | &nbsp;&nbsp;&nbsp; 18388 |
|  |  | &nbsp;&nbsp; 160019 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 1.3%** |  |
| 113 | Baker Hughes Company | &nbsp;&nbsp;&nbsp; 5505 |
| 768 | Halliburton Company | &nbsp;&nbsp;&nbsp; 18893 |
| 792 | TechnipFMC PLC | &nbsp;&nbsp;&nbsp; 31245 |
|  |  | &nbsp;&nbsp; 55643 |
|  | **PUBLISHING & BROADCASTING - 0.4%** |  |
| 640 | News Corporation, Class A | &nbsp;&nbsp;&nbsp; 19654 |
|  | **REAL ESTATE SERVICES - 0.4%** |  |
| 63 | Jones Lang LaSalle, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 18792 |
|  | **REIT - 0.3%** |  |
| 15 | Texas Pacific Land Corporation | &nbsp;&nbsp;&nbsp; 14005 |
|  | **RENEWABLE ENERGY - 0.3%** |  |
| 69 | First Solar, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 15217 |
|  | **RETAIL - CONSUMER STAPLES - 1.6%** |  |
| 91 | BJ's Wholesale Club Holdings, Inc.<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 8486 |
| 30 | Casey's General Stores, Inc. | &nbsp;&nbsp;&nbsp; 16959 |
| 140 | Dollar General Corporation | &nbsp;&nbsp;&nbsp; 14469 |
| 208 | Dollar Tree, Inc.<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 19629 |
| 83 | Hims & Hers Health, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4708 |
| 68 | Sprouts Farmers Market, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7398 |
|  |  | &nbsp;&nbsp; 71649 |

---

---

| | | |
|:---|:---|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **RETAIL - DISCRETIONARY - 3.7%** |  |
| 247 | Best Buy Company, Inc. | &nbsp;&nbsp;&nbsp; $18678 |
| 60 | Builders FirstSource, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7275 |
| 76 | Burlington Stores, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 19342 |
| 22 | Carvana Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8299 |
| 41 | Dick's Sporting Goods, Inc. | &nbsp;&nbsp;&nbsp; 9111 |
| 22 | Ferguson Enterprises, Inc. | &nbsp;&nbsp;&nbsp; 4941 |
| 191 | GameStop Corporation, Class A<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 5211 |
| 68 | Genuine Parts Company | &nbsp;&nbsp;&nbsp; 9425 |
| 67 | Lululemon Athletica, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 11921 |
| 432 | Tractor Supply Company | &nbsp;&nbsp;&nbsp; 24568 |
| 36 | Ulta Beauty, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 19683 |
| 122 | Williams-Sonoma, Inc. | &nbsp;&nbsp;&nbsp; 23845 |
|  |  | &nbsp;&nbsp; 162299 |
|  | **SEMICONDUCTORS - 1.6%** |  |
| 66 | Coherent Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7110 |
| 77 | Entegris, Inc. | &nbsp;&nbsp;&nbsp; 7119 |
| 23 | Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp; 21175 |
| 235 | ON Semiconductor Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 11588 |
| 94 | Skyworks Solutions, Inc. | &nbsp;&nbsp;&nbsp; 7236 |
| 124 | Teradyne, Inc. | &nbsp;&nbsp;&nbsp; 17067 |
|  |  | &nbsp;&nbsp; 71295 |
|  | **SOFTWARE - 5.2%** |  |
| 119 | Akamai Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9015 |
| 134 | Atlassian Corporation, Class A<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 21400 |
| 109 | Bentley Systems, Inc., Class B | &nbsp;&nbsp;&nbsp; 5611 |
| 17 | CyberArk Software Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8214 |
| 36 | Datadog, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5126 |
| 152 | DocuSign, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10958 |
| 72 | Doximity, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5267 |
| 34 | Duolingo, Inc.<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 10943 |
| 611 | Gen Digital, Inc. | &nbsp;&nbsp;&nbsp; 17346 |
| 19 | Guidewire Software, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4367 |
| 33 | HubSpot, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 15437 |
| 60 | Manhattan Associates, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 12299 |

---

---

| | | |
|:---|:---|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **SOFTWARE - 5.2% (Continued)** |  |
| 110 | Okta, Inc.<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; $10087 |
| 63 | Paycom Software, Inc. | &nbsp;&nbsp;&nbsp; 13113 |
| 27 | Paylocity Holding Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4300 |
| 59 | PTC, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 11978 |
| 359 | QXO, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6843 |
| 185 | SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;&nbsp; 16421 |
| 135 | Twilio, Inc., Class A<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 13512 |
| 162 | Unity Software, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6486 |
| 210 | Zoom Video Communications, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17325 |
| 7 | Zscaler, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2098 |
|  |  | &nbsp;&nbsp; 228146 |
|  | **SPECIALTY FINANCE - 2.4%** |  |
| 385 | Ally Financial, Inc. | &nbsp;&nbsp;&nbsp; 15092 |
| 449 | Fidelity National Financial, Inc. | &nbsp;&nbsp;&nbsp; 27160 |
| 35 | Mr Cooper Group, Inc. | &nbsp;&nbsp;&nbsp; 7378 |
| 759 | SoFi Technologies, Inc.<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 20053 |
| 530 | Synchrony Financial | &nbsp;&nbsp;&nbsp; 37656 |
|  |  | &nbsp;&nbsp; 107339 |
|  | **STEEL - 1.0%** |  |
| 13 | Carpenter Technology Corporation | &nbsp;&nbsp;&nbsp; 3192 |
| 111 | Nucor Corporation | &nbsp;&nbsp;&nbsp; 15033 |
| 39 | Reliance, Inc. | &nbsp;&nbsp;&nbsp; 10952 |
| 112 | Steel Dynamics, Inc. | &nbsp;&nbsp;&nbsp; 15616 |
|  |  | &nbsp;&nbsp; 44793 |
|  | **TECHNOLOGY HARDWARE - 4.1%** |  |
| 56 | Ciena Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8157 |
| 52 | Credo Technology Group Holding Ltd.<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 7572 |
| 65 | F5, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 21007 |
| 946 | Hewlett Packard Enterprise Company | &nbsp;&nbsp;&nbsp; 23234 |
| 106 | Jabil, Inc. | &nbsp;&nbsp;&nbsp; 23020 |
| 204 | NetApp, Inc. | &nbsp;&nbsp;&nbsp; 24166 |
| 211 | Pure Storage, Inc., Class A<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 17684 |
| 40 | TD SYNNEX Corporation | &nbsp;&nbsp;&nbsp; 6550 |
| 259 | Western Digital Corporation<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 31095 |

---

---

| | | |
|:---|:---|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **TECHNOLOGY HARDWARE - 4.1% (Continued)** |  |
| 55 | Zebra Technologies Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $16344 |
|  |  | &nbsp;&nbsp; 178829 |
|  | **TECHNOLOGY SERVICES - 5.2%** |  |
| 22 | Affirm Holdings, Inc., Class A<sup>(a),(d)</sup> | &nbsp;&nbsp;&nbsp; 1608 |
| 129 | Block, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9323 |
| 134 | Booz Allen Hamilton Holding Corporation | &nbsp;&nbsp;&nbsp; 13393 |
| 53 | Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp; 12623 |
| 10 | CACI International, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4988 |
| 93 | CDW Corporation | &nbsp;&nbsp;&nbsp; 14813 |
| 234 | Cognizant Technology Solutions Corporation, Class A | &nbsp;&nbsp;&nbsp; 15694 |
| 74 | Corpay, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 21317 |
| 181 | CoStar Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 15271 |
| 44 | Equifax, Inc. | &nbsp;&nbsp;&nbsp; 11287 |
| 27 | FactSet Research Systems, Inc. | &nbsp;&nbsp;&nbsp; 7735 |
| 242 | Fidelity National Information Services, Inc. | &nbsp;&nbsp;&nbsp; 15958 |
| 23 | Gartner, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6046 |
| 18 | Global Payments, Inc. | &nbsp;&nbsp;&nbsp; 1495 |
| 57 | Jack Henry & Associates, Inc. | &nbsp;&nbsp;&nbsp; 8489 |
| 105 | Leidos Holdings, Inc. | &nbsp;&nbsp;&nbsp; 19841 |
| 33 | Morningstar, Inc.<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 7656 |
| 308 | Toast, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 11245 |
| 99 | TransUnion | &nbsp;&nbsp;&nbsp; 8294 |
| 92 | Verisk Analytics, Inc. | &nbsp;&nbsp;&nbsp; 23139 |
|  |  | &nbsp;&nbsp; 230215 |
|  | **TRANSPORTATION & LOGISTICS - 3.8%** |  |
| 89 | CH Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp; 11784 |
| 749 | Delta Air Lines, Inc. | &nbsp;&nbsp;&nbsp; 42506 |
| 148 | Expeditors International of Washington, Inc. | &nbsp;&nbsp;&nbsp; 18143 |
| 81 | JB Hunt Transport Services, Inc. | &nbsp;&nbsp;&nbsp; 10868 |
| 131 | Old Dominion Freight Line, Inc. | &nbsp;&nbsp;&nbsp; 18442 |
| 544 | Southwest Airlines Company | &nbsp;&nbsp;&nbsp; 17359 |
| 411 | United Airlines Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 39661 |
| 58 | XPO, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7498 |
|  |  | &nbsp;&nbsp; 166261 |

---

---

| | | |
|:---|:---|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** | **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Value** |
|  | **COMMON STOCKS — 97.7% (Continued)** |  |
|  | **TRANSPORTATION EQUIPMENT - 0.4%** |  |
| 79 | Westinghouse Air Brake Technologies Corporation | &nbsp;&nbsp;&nbsp; $15837 |
|  | **WHOLESALE - CONSUMER STAPLES - 1.4%** |  |
| 281 | Archer-Daniels-Midland Company | &nbsp;&nbsp;&nbsp; 16787 |
| 61 | Bunge Global S.A. | &nbsp;&nbsp;&nbsp; 4956 |
| 235 | Performance Food Group Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 24450 |
| 171 | US Foods Holding Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13102 |
|  |  | &nbsp;&nbsp; 59295 |
|  | **WHOLESALE - DISCRETIONARY - 0.2%** |  |
| 26 | Pool Corporation | &nbsp;&nbsp;&nbsp; 8062 |
|  | **TOTAL COMMON STOCKS (Cost $3,671,916)** | &nbsp;&nbsp; 4297310 |
|  | **RIGHTS — 0.0%**<sup>(c)</sup> |  |
|  | **BIOTECH & PHARMA - 0.0%**<sup>(c)</sup> |  |
| 1 | Bristol-Myers Squibb Company | &nbsp;&nbsp;&nbsp; 7 |
|  | **MEDICAL EQUIPMENT & DEVICES - 0.0%**<sup>(c)</sup> |  |
| 7 | ABIOMED, Inc. - CVR | &nbsp;&nbsp;&nbsp; 7 |
|  | **TOTAL RIGHTS (Cost $8)** | &nbsp;&nbsp; 14 |
|  | **SHORT-TERM INVESTMENTS — 12.3%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 10.8%** |  |
| 475351 | Mount Vernon Liquid Assets Portfolio, 4.22%<sup>(b)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;475351 |
|  | **MONEY MARKET FUNDS - 1.5%** |  |
| 64282 | First American Treasury Obligations Fund, Class X, 4.02%<sup>(b)</sup> | 64282 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $539,633)** | 539633 |
|  | **TOTAL INVESTMENTS – 110.0% (Cost $4,211,557)** | &nbsp;&nbsp;&nbsp; $4836957 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - (10.0)%** | &nbsp;&nbsp; (438176) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $4398781 |

---

---

| |
|:---|
| **ACCLIVITY MID CAP MULTI-STYLE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** |

---

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

<sup>(b)</sup> Rate disclosed is the seven day effective yield as of September 30, 2025.

<sup>(c)</sup> Amount represents less than 0.05%.

<sup>(d)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $463,334.

<sup>(e)</sup> Fair value was determined using significant unobservable inputs.

<sup>(f)</sup> This security was purchased with cash collateral held from securities on loan. The total value of such securities as of September 30, 2025 is $475,351.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

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

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

- **a. Name of Series:** Acclivity Mid Cap Multi-Style Fund

- **b. EDGAR series identifier (if any):** S000063454

- **c. LEI of Series:** 549300HBMZ210JWOG679

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $4659620.33

**Total Liabilities:** $260839.59

**Net Assets:** $4398780.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000205612 | 1.97%                | 2.89%                | 0.38%                |
| Class ID C000205613 | 1.97%                | 2.89%                | 0.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $22214.09                | $57334.29                                  |
| Month 2  | $26206.99                | $88825.29                                  |
| Month 3  | $59375.69                | $-47328.19                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Woodward Inc.                               | WOODWARD INC                         | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |        18 | NS      | $4548.78      | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Unum Group                                  | UNUM GROUP                           | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |       313 | NS      | $24345.14     | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| LyondellBasell Industries NV                | LYONDELLBASELL-A                     | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |        90 | NS      | $4413.60      | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Brown-Forman Corp.                          | BROWN-FORMAN -B                      | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |       324 | NS      | $8773.92      | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Waters Corporation                          | WATERS CORP                          | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |        65 | NS      | $19487.65     | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Humana Inc.                                 | HUMANA INC                           | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       163 | NS      | $42407.71     | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Moderna Inc                                 | MODERNA INC                          | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |       113 | NS      | $2918.79      | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| F5 Inc                                      | F5 INC                               | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |        65 | NS      | $21007.35     | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| KeyCorp                                     | KEYCORP                              | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |       904 | NS      | $16895.76     | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Best Buy Co Inc.                            | BEST BUY CO INC                      | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |       247 | NS      | $18678.14     | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Evergy Inc                                  | EVERGY INC                           | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |       204 | NS      | $15508.08     | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Atmos Energy Corp.                          | ATMOS ENERGY                         | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |        91 | NS      | $15538.25     | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Snap-On Incorporated                        | SNAP-ON INC                          | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |        46 | NS      | $15940.38     | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Baker Hughes Company                        | BAKER HUGHES CO                      | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       113 | NS      | $5505.36      | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Hologic Inc                                 | HOLOGIC INC                          | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |       168 | NS      | $11338.32     | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Somnigroup International Inc.               | SOMNIGROUP INTER                     | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |       146 | NS      | $12312.18     | 0.28%             |  |  |  | No            | 1                  | On Loan: —       |
| Brown & Brown Inc                           | BROWN & BROWN                        | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |       253 | NS      | $23728.87     | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Pulte Group Inc                             | PULTEGROUP INC                       | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       152 | NS      | $20083.76     | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Carlisle Companies Inc.                     | CARLISLE COS INC                     | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |        45 | NS      | $14803.20     | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Valero Energy Corp.                         | VALERO ENERGY                        | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |       108 | NS      | $18388.08     | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| FactSet Research Systems Inc.               | FACTSET RESEARCH                     | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |        27 | NS      | $7735.23      | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Teradyne Inc.                               | TERADYNE INC                         | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |       124 | NS      | $17067.36     | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Revvity Inc                                 | REVVITY INC                          | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |        62 | NS      | $5434.30      | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| US Foods Holding Corp                       | US FOODS HOLDING                     | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |       171 | NS      | $13102.02     | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Bentley Systems Incorporated                | BENTLEY SYSTEM-B                     | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |       109 | NS      | $5611.32      | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| RPM International Inc.                      | RPM INTL INC                         | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |        47 | NS      | $5540.36      | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Exelixis, Inc.                              | EXELIXIS INC                         | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |       323 | NS      | $13339.90     | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Unity Software Inc                          | UNITY SOFTWARE I                     | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |       162 | NS      | $6486.48      | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| News Corporation                            | NEWS CORP-CL A                       | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |       640 | NS      | $19654.40     | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| American Water Works Company, Inc.          | AMERICAN WATER W                     | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |       105 | NS      | $14614.95     | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Zoom Communications Inc.                    | ZOOM COMMUNICATI                     | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |       210 | NS      | $17325.00     | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Twilio Inc                                  | TWILIO INC - A                       | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |       135 | NS      | $13512.15     | 0.31%             |  |  |  | No            | 1                  | On Loan: —       |
| Guidewire Software Inc                      | GUIDEWIRE SOFTWA                     | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |        19 | NS      | $4367.34      | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Ingersoll Rand Inc                          | INGERSOLL-RAND I                     | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |        81 | NS      | $6692.22      | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Steris PLC                                  | STERIS PLC                           | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |        27 | NS      | $6680.88      | 0.15%             |  |  |  | No            | 1                  | On Loan: —       |
| Cognizant Technology Solutions Corp.        | COGNIZANT TECH-A                     | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |       234 | NS      | $15694.38     | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| United Therapeutics Corporation             | UNITED THERAPEUT                     | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |        27 | NS      | $11318.67     | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| DraftKings Inc.                             | DRAFTKINGS INC                       | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |       303 | NS      | $11332.20     | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Ball Corporation                            | BALL CORP                            | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |       192 | NS      | $9680.64      | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| East West Bancorp Inc                       | EAST WEST BNCRP                      | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       103 | NS      | $10964.35     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Ovintiv Inc                                 | OVINTIV INC                          | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |       226 | NS      | $9125.88      | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| PTC Inc                                     | PTC INC                              | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |        59 | NS      | $11978.18     | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Doximity Inc                                | DOXIMITY INC-A                       | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        72 | NS      | $5266.80      | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Credo Technology Group Holding Ltd          | CREDO TECHNOLOGY                     | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |        52 | NS      | $7571.72      | 0.17%             |  |  |  | No            | 1                  | On Loan: —       |
| CMS Energy Corporation                      | CMS ENERGY CORP                      | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |       264 | NS      | $19340.64     | 0.44%             |  |  |  | No            | 1                  | On Loan: —       |
| Everest Group Ltd                           | EVEREST GROUP LT                     | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |        31 | NS      | $10857.13     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| International Paper Co.                     | INTL PAPER CO                        | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |       363 | NS      | $16843.20     | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Hims & Hers Health Inc                      | HIMS & HERS HEAL                     | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |        83 | NS      | $4707.76      | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| The Hartford Insurance Group Inc.           | HARTFORD INSURAN                     | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |       311 | NS      | $41484.29     | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Omnicom Group Inc                           | OMNICOM GROUP                        | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |       160 | NS      | $13044.80     | 0.30%             |  |  |  | No            | 1                  | On Loan: —       |
| Topbuild Corporation                        | TOPBUILD COR                         | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |         7 | NS      | $2736.02      | 0.06%             |  |  |  | No            | 1                  | On Loan: —       |
| Hershey Co. (The)                           | HERSHEY CO/THE                       | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |        36 | NS      | $6733.80      | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Ralph Lauren Corp.                          | RALPH LAUREN COR                     | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |        40 | NS      | $12542.40     | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Globe Life Inc                              | GLOBE LIFE INC                       | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |       136 | NS      | $19443.92     | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Builders Firstsource, Inc.                  | BUILDERS FIRSTSO                     | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |        60 | NS      | $7275.00      | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Stifel Financial Corporation                | STIFEL FINANCIAL                     | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |        35 | NS      | $3971.45      | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Labcorp Holdings Inc                        | LABCORP HOLDINGS                     | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        45 | NS      | $12917.70     | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Ulta Beauty Inc                             | ULTA BEAUTY INC                      | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |        36 | NS      | $19683.00     | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Insulet Corporation                         | INSULET CORP                         | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |        59 | NS      | $18215.07     | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Zebra Technologies Corporation              | ZEBRA TECH CORP                      | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |        55 | NS      | $16343.80     | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Carpenter Technology Corporation            | CARPENTER TECH                       | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |        13 | NS      | $3192.02      | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Verisk Analytics, Inc.                      | VERISK ANALYTI                       | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |        92 | NS      | $23138.92     | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Coherent Corp                               | COHERENT CORP                        | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |        66 | NS      | $7109.52      | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| IQVIA Holdings Inc.                         | IQVIA HOLDINGS I                     | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |       147 | NS      | $27921.18     | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Biogen Inc                                  | BIOGEN INC                           | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |       126 | NS      | $17650.08     | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Yum! Brands Inc.                            | YUM! BRANDS INC                      | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |        72 | NS      | $10944.00     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| CDW Corp                                    | CDW CORP/DE                          | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |        93 | NS      | $14813.04     | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Loews Corporation                           | LOEWS CORP                           | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |       282 | NS      | $28309.98     | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| CACI International Inc.                     | CACI INTL-A                          | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |        10 | NS      | $4987.80      | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Godaddy Inc                                 | GODADDY INC-A                        | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |       140 | NS      | $19156.20     | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Henry Jack & Associates Inc.                | JACK HENRY                           | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |        57 | NS      | $8489.01      | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Las Vegas Sands Corp                        | LAS VEGAS SANDS                      | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |       546 | NS      | $29369.34     | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Equifax Inc.                                | EQUIFAX INC                          | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |        44 | NS      | $11287.32     | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| BJ Wholesale Club Holdings Inc              | BJ'S WHOLESALE C                     | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |        91 | NS      | $8485.75      | 0.19%             |  |  |  | No            | 1                  | On Loan: —       |
| Crown Holdings Inc                          | CROWN HOLDINGS I                     | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |       126 | NS      | $12170.34     | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Hubspot Inc                                 | HUBSPOT INC                          | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |        33 | NS      | $15437.40     | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Live Nation Entertainment, Inc.             | LIVE NATION ENTE                     | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |       159 | NS      | $25980.60     | 0.59%             |  |  |  | No            | 1                  | On Loan: —       |
| DexCom Inc                                  | DEXCOM                               | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |       280 | NS      | $18841.20     | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Fox Corporation                             | FOX CORP - A                         | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |       529 | NS      | $33358.74     | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Tyson Foods, Inc.                           | TYSON FOODS-A                        | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |       315 | NS      | $17104.50     | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Expand Energy Corp.                         | EXPAND ENERGY CO                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |       174 | NS      | $18485.76     | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Health Services, Inc.             | UNIVERSAL HLTH-B                     | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |        82 | NS      | $16764.08     | 0.38%             |  |  |  | No            | 1                  | On Loan: —       |
| Cincinnati Financial Corporation            | CINCINNATI FIN                       | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |       235 | NS      | $37153.50     | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Ally Financial Inc.                         | ALLY FINANCIAL I                     | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |       385 | NS      | $15092.00     | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Paramount Skydance Corp.                    | PARAMOUNT SKYDAN                     | CUSIP: 69932A204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       635 | NS      | $12014.20     | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| M&T Bank Corporation                        | M&T BANK CORP                        | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |        84 | NS      | $16600.08     | 0.38%             |  |  |  | No            | 1                  | On Loan: —       |
| Pool Corporation                            | POOL CORP                            | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |        26 | NS      | $8061.82      | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| The Mosaic Company                          | MOSAIC CO/THE                        | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |       118 | NS      | $4092.24      | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| DTE Energy Co.                              | DTE ENERGY CO                        | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |       136 | NS      | $19234.48     | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Darden Restaurants, Inc.                    | DARDEN RESTAURAN                     | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |       116 | NS      | $22081.76     | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Royal Gold, Inc.                            | ROYAL GOLD INC                       | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |         9 | NS      | $1805.22      | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| TD Synnex Corp                              | TD SYNNEX CORP                       | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |        40 | NS      | $6550.00      | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Lincoln Electric Holdings Inc.              | LINCOLN ELECTRIC                     | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |        47 | NS      | $11084.01     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Assurant Inc.                               | ASSURANT INC                         | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |        64 | NS      | $13862.40     | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| The Cooper Companies, Inc.                  | COOPER COS INC                       | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |       150 | NS      | $10284.00     | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Williams-Sonoma Inc.                        | WILLIAMS-SONOMA                      | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |       122 | NS      | $23844.90     | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Lennar Corp.                                | LENNAR CORP-A                        | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |       136 | NS      | $17141.44     | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| The Estee Lauder Companies Inc.             | ESTEE LAUDER                         | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |       141 | NS      | $12424.92     | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Antero Resources Corporation                | ANTERO RESOURCES                     | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |        74 | NS      | $2483.44      | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Lennox International Inc.                   | LENNOX INTL INC                      | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |        31 | NS      | $16410.16     | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| ResMed Inc.                                 | RESMED INC                           | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |        82 | NS      | $22445.86     | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| NRG Energy, Inc.                            | NRG ENERGY                           | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |       148 | NS      | $23968.60     | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Neurocrine Biosciences Inc                  | NEUROCRINE BIOSC                     | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |       106 | NS      | $14880.28     | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Texas Pacific Land Corporation              | TEXAS PACIFIC LA                     | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        15 | NS      | $14004.60     | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Nucor Corporation                           | NUCOR CORP                           | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |       111 | NS      | $15032.73     | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Expedia Group Inc                           | EXPEDIA GROUP IN                     | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |        88 | NS      | $18810.00     | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Renaissancere Holdings Ltd.                 | RENAISSANCERE                        | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |        57 | NS      | $14474.01     | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| ON Semiconductor Corp.                      | ON SEMICONDUCTOR                     | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |       235 | NS      | $11587.85     | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Deckers Outdoor Corp.                       | DECKERS OUTDOOR                      | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |        63 | NS      | $6386.31      | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Trimble Inc                                 | TRIMBLE INC                          | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |       170 | NS      | $13880.50     | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| State Street Corp.                          | STATE ST CORP                        | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |       138 | NS      | $16009.38     | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Casey'S General Stores Inc.                 | CASEY'S GENERAL                      | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |        30 | NS      | $16959.60     | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Manhattan Associates Inc                    | MANHATTAN ASSOC                      | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |        60 | NS      | $12298.80     | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Delta Air Lines Inc.                        | DELTA AIR LI                         | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |       749 | NS      | $42505.75     | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Tapestry Inc                                | TAPESTRY INC                         | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |       140 | NS      | $15850.80     | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Funds Inc.                   | FIRST AM-TR OB-X                     | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |     64282 | PA      | $64282.48     | 1.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Hormel Foods Corp                           | HORMEL FOODS CRP                     | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |       378 | NS      | $9351.72      | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Entergy Corporation                         | ENTERGY CORP                         | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |       239 | NS      | $22272.41     | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Targa Resources Corp.                       | TARGA RESOURCES                      | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |       134 | NS      | $22450.36     | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity National Financial, Inc.           | FIDELITY NATIONA                     | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |       449 | NS      | $27160.01     | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Packaging Corporation of America            | PACKAGING CORP                       | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |        53 | NS      | $11550.29     | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Dollar Tree Inc                             | DOLLAR TREE INC                      | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |       208 | NS      | $19628.96     | 0.45%             |  |  |  | No            | 1                  | On Loan: —       |
| Agilent Technologies Inc.                   | AGILENT TECH INC                     | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |       149 | NS      | $19124.15     | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Murphy USA Inc.                             | MURPHY USA INC                       | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |         7 | NS      | $2717.82      | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Essential Utilities Inc                     | ESSENTIAL UTILIT                     | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |        70 | NS      | $2793.00      | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Sprouts Farmers Markets Inc                 | SPROUTS FARMERS                      | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |        68 | NS      | $7398.40      | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| NiSource Inc.                               | NISOURCE INC                         | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |       281 | NS      | $12167.30     | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Bunge Global SA                             | BUNGE GLOBAL SA                      | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |        61 | NS      | $4956.25      | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Mr Cooper Group Inc                         | MR COOPER GROUP                      | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |        35 | NS      | $7377.65      | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                         | MOUNT VERNON LIQUID ASSETS PORTFOLIO | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Global Payments Inc                         | GLOBAL PAYMENTS                      | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |        18 | NS      | $1495.44      | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Monolithic Power Systems Inc.               | MONOLITHIC POWER                     | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |        23 | NS      | $21174.72     | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Rivian Automotive Inc                       | RIVIAN AUTOMOT-A                     | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |       778 | NS      | $11421.04     | 0.26%             |  |  |  | No            | 1                  | On Loan: —       |
| Affirm Holdings Inc                         | AFFIRM HOLDINGS                      | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        22 | NS      | $1607.76      | 0.04%             |  |  |  | No            | 1                  | On Loan: —       |
| Jefferies Financial Group Inc               | JEFFERIES FINANC                     | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |       242 | NS      | $15831.64     | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Block Inc                                   | BLOCK INC                            | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |       129 | NS      | $9322.83      | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Rocket Lab Corp.                            | ROCKET LAB CORP                      | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       101 | NS      | $4838.91      | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Costar Group Inc                            | COSTAR GROUP INC                     | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       181 | NS      | $15270.97     | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| The J M Smucker Company                     | JM SMUCKER CO                        | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |        76 | NS      | $8253.60      | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Expeditors International Of Washington Inc. | EXPEDITORS INTL                      | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |       148 | NS      | $18143.32     | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Mastec, Inc.                                | MASTEC INC                           | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |        30 | NS      | $6384.30      | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| BRISTOL-MYER-CVR                            | BRISTOL-MYER-CVR                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |         1 | NS      | $7.15         | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Price T Rowe Group Inc.                     | T ROWE PRICE GRP                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |       197 | NS      | $20220.08     | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Gartner Inc.                                | GARTNER INC                          | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |        23 | NS      | $6046.01      | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Performance Food Group Co.                  | PERFORMANCE FOOD                     | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |       235 | NS      | $24449.40     | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Pentair PLC                                 | PENTAIR PLC                          | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |        88 | NS      | $9746.88      | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| CF Industries Holdings, Inc.                | CF INDUSTRIES HO                     | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |       125 | NS      | $11212.50     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Akamai Technologies, Inc.                   | AKAMAI TECHNOLOG                     | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |       119 | NS      | $9015.44      | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Kinsale Capital Group Inc                   | KINSALE CAPITAL                      | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |        20 | NS      | $8505.20      | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Corpay Inc                                  | CORPAY INC                           | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |        74 | NS      | $21316.44     | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Snap Inc                                    | SNAP INC - A                         | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |      1411 | NS      | $10878.81     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Carnival Corporation                        | CARNIVAL CORP                        | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |       796 | NS      | $23012.36     | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Burlington Stores Inc.                      | BURLINGTON STORE                     | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |        76 | NS      | $19342.00     | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| First Citizens BancShares Inc (Delaware)    | FIRST CITIZENS-A                     | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |        10 | NS      | $17891.60     | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Southwest Airlines Co.                      | SOUTHWEST AIR                        | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |       544 | NS      | $17359.04     | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Gen Digital Inc                             | GEN DIGITAL INC                      | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |       611 | NS      | $17346.29     | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| GFL Environmental Inc.                      | GFL ENVIRONM-SUB                     | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | CA        |       179 | NS      | $8481.02      | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Hewlett Packard Enterprise Co.              | HEWLETT PACKA                        | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |       946 | NS      | $23233.76     | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| ITT Inc                                     | ITT INC                              | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |        42 | NS      | $7507.92      | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Entegris Inc                                | ENTEGRIS INC                         | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |        77 | NS      | $7119.42      | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Dollar General Corporation                  | DOLLAR GENERAL C                     | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |       140 | NS      | $14469.00     | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| XPO Inc                                     | XPO INC                              | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |        58 | NS      | $7497.66      | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Okta Inc.                                   | OKTA INC                             | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |       110 | NS      | $10087.00     | 0.23%             |  |  |  | No            | 1                  | On Loan: —       |
| Sofi Technologies Inc                       | SOFI TECHNOLOGIE                     | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |       759 | NS      | $20052.78     | 0.46%             |  |  |  | No            | 1                  | On Loan: —       |
| Tenet Healthcare Corporation                | TENET HEALTHCARE                     | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |        75 | NS      | $15228.00     | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Textron Inc.                                | TEXTRON INC                          | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |       101 | NS      | $8533.49      | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Reliance Inc                                | RELIANCE INC                         | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |        39 | NS      | $10952.37     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Xylem, Inc.                                 | XYLEM INC                            | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |        89 | NS      | $13127.50     | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Hasbro Inc                                  | HASBRO INC                           | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |        56 | NS      | $4247.60      | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Archer-Daniels-Midland Co.                  | ARCHER-DANIELS                       | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |       281 | NS      | $16786.94     | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Heico Corp                                  | HEICO CORP                           | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |        46 | NS      | $14849.72     | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Diamondback Energy Inc                      | DIAMONDBACK ENER                     | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       171 | NS      | $24470.10     | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Stanley Black & Decker, Inc.                | STANLEY BLACK &                      | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |        90 | NS      | $6689.70      | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Chewy Inc                                   | CHEWY INC- CL A                      | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |       141 | NS      | $5703.45      | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Willis Towers Watson Public Limited Company | WILLIS TOWERS WA                     | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |        88 | NS      | $30399.60     | 0.69%             |  |  |  | No            | 1                  | On Loan: —       |
| Electronic Arts Inc.                        | ELECTRONIC ARTS                      | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |       110 | NS      | $22187.00     | 0.50%             |  |  |  | No            | 1                  | On Loan: —       |
| Fifth Third Bancorp                         | FIFTH THIRD BANC                     | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |       499 | NS      | $22230.45     | 0.51%             |  |  |  | No            | 1                  | On Loan: —       |
| Zillow Group Inc                            | ZILLOW GRO-C                         | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |       142 | NS      | $10941.10     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Devon Energy Corporation                    | DEVON ENERGY CO                      | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |       571 | NS      | $20019.26     | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Dover Corporation                           | DOVER CORP                           | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |        25 | NS      | $4170.75      | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Paylocity Holding Corporation               | PAYLOCITY HOLDIN                     | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |        27 | NS      | $4300.29      | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Arch Capital Group Ltd.                     | ARCH CAPITAL GRP                     | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |       444 | NS      | $40284.12     | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Hubbell Incorporated                        | HUBBELL INC                          | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |        40 | NS      | $17212.40     | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| EQT Corporation                             | EQT CORP                             | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |       389 | NS      | $21173.27     | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Chemed Corporation                          | CHEMED CORP                          | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |         3 | NS      | $1343.22      | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Booz Allen Hamilton Holding Corp.           | BOOZ ALLEN HAMIL                     | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |       134 | NS      | $13393.30     | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Ameren Corp.                                | AMEREN CORP                          | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |       245 | NS      | $25573.10     | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Aptiv PLC                                   | APTIV HOLDINGS L                     | CUSIP: G3265R107<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |        72 | NS      | $6207.84      | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Quest Diagnostics Incorporated              | QUEST DIAGNOSTIC                     | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |        77 | NS      | $14674.66     | 0.33%             |  |  |  | No            | 1                  | On Loan: —       |
| International Flavors & Fragrances Inc.     | INTL FLVR & FRAG                     | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |       137 | NS      | $8430.98      | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Liberty Broadband Corporation               | LIBERTY BR-C                         | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |        44 | NS      | $2795.76      | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Pure Storage Inc                            | PURE STORAGE-A                       | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |       211 | NS      | $17683.91     | 0.40%             |  |  |  | No            | 1                  | On Loan: —       |
| Constellation Brands, Inc.                  | CONSTELLATION-A                      | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |        64 | NS      | $8618.88      | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Cyberark Software Ltd.                      | CYBERARK SOFTWAR                     | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |        17 | NS      | $8213.55      | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Emcor Group Inc                             | EMCOR GROUP INC                      | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |        39 | NS      | $25332.06     | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Coterra Energy Inc                          | COTERRA ENERGY I                     | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |       621 | NS      | $14686.65     | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Comfort Systems USA Inc.                    | COMFORT SYSTEMS                      | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |        22 | NS      | $18153.96     | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Owens Corning                               | OWENS CORNING                        | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |        91 | NS      | $12872.86     | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Citizens Financial Group Inc                | CITIZENS FINANCI                     | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |       258 | NS      | $13715.28     | 0.31%             |  |  |  | No            | 1                  | On Loan: —       |
| Regions Financial Corporation               | REGIONS FINANCIA                     | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |       626 | NS      | $16507.62     | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Financial Group Inc.              | PRINCIPAL FINL                       | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |       305 | NS      | $25287.55     | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Celsius Holdings Inc.                       | CELSIUS HOLDINGS                     | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        91 | NS      | $5231.59      | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| McCormick & Company, Incorporated           | MCCORMICK-N/V                        | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |        73 | NS      | $4884.43      | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| eBay Inc.                                   | EBAY INC                             | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |       206 | NS      | $18735.70     | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity National Information Services Inc  | FIDELITY NATIONA                     | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |       242 | NS      | $15957.48     | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Incyte Corporation.                         | INCYTE CORP                          | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |       246 | NS      | $20863.26     | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Idex Corporation                            | IDEX CORP                            | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |        19 | NS      | $3092.44      | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| AECOM                                       | AECOM                                | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |        84 | NS      | $10959.48     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| W.R. Berkley Corporation                    | WR BERKLEY CORP                      | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |       429 | NS      | $32869.98     | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Rollins Inc                                 | ROLLINS INC                          | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |       334 | NS      | $19619.16     | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| WEC Energy Group Inc.                       | WEC ENERGY GROUP                     | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |       237 | NS      | $27157.83     | 0.62%             |  |  |  | No            | 1                  | On Loan: —       |
| Houlihan Lokey Inc.                         | HOULIHAN LOKEY I                     | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |        27 | NS      | $5543.64      | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Leidos Holdings Inc                         | LEIDOS HOLDINGS                      | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |       105 | NS      | $19840.80     | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Clean Harbors, Inc.                         | CLEAN HARBORS                        | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |        21 | NS      | $4876.62      | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Vulcan Materials Company                    | VULCAN MATERIALS                     | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |        59 | NS      | $18149.58     | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Teledyne Technologies Inc                   | TELEDYNE TECH                        | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |        25 | NS      | $14651.00     | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Biomarin Pharmaceutical Inc.                | BIOMARIN PHARMAC                     | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |        92 | NS      | $4982.72      | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Tradeweb Markets Inc                        | TRADEWEB MARKE-A                     | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        58 | NS      | $6436.84      | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Broadridge Financial Solutions Inc.         | BROADRIDGE FINL                      | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |        53 | NS      | $12623.01     | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Encompass Health Corporation                | ENCOMPASS HEALTH                     | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |       117 | NS      | $14861.34     | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| First Horizon Corporation                   | FIRST HORIZON CO                     | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |       125 | NS      | $2826.25      | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Ciena Corporation                           | CIENA CORP                           | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |        56 | NS      | $8157.52      | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Service Corporation International           | SERVICE CORP INT                     | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |       143 | NS      | $11900.46     | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Texas Roadhouse Inc                         | TEXAS ROADHOUS                       | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |        66 | NS      | $10965.90     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| United Airlines Holdings Inc                | UNITED AIRLINES                      | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |       411 | NS      | $39661.50     | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Jacobs Solutions Inc.                       | JACOBS SOLUTIONS                     | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        54 | NS      | $8092.44      | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Baxter International, Inc.                  | BAXTER INTL INC                      | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |       246 | NS      | $5601.42      | 0.13%             |  |  |  | No            | 1                  | On Loan: —       |
| SS&C Technologies Holdings Inc.             | SS&C TECHNOLOGIE                     | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |       185 | NS      | $16420.60     | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferguson Enterprises Inc                    | FERGUSON ENTERPR                     | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |        22 | NS      | $4940.76      | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Steel Dynamics, Inc.                        | STEEL DYNAMICS                       | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |       112 | NS      | $15616.16     | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Penumbra Inc.                               | PENUMBRA INC                         | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |         6 | NS      | $1519.92      | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Centerpoint Energy Inc                      | CENTERPOINT ENER                     | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |       576 | NS      | $22348.80     | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Ares Management Corporation                 | ARES MANAGEM- A                      | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |        65 | NS      | $10392.85     | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Natera Inc.                                 | NATERA INC                           | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         9 | NS      | $1448.73      | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Jabil Inc                                   | JABIL INC                            | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |       106 | NS      | $23020.02     | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Coca-Cola Consolidated Inc                  | COCA-COLA CONSOL                     | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |        69 | NS      | $8084.04      | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Consolidated Edison, Inc.                   | CONS EDISON INC                      | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |       287 | NS      | $28849.24     | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Carvana Co                                  | CARVANA CO                           | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |        22 | NS      | $8299.28      | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Huntington Bancshares Incorporated          | HUNTINGTON BANC                      | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |       908 | NS      | $15681.16     | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Verisign, Inc.                              | VERISIGN INC                         | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |        13 | NS      | $3634.41      | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| TechnipFMC PLC                              | TECHNIPFMC PLC                       | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |       792 | NS      | $31244.40     | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Aramark                                     | ARAMARK                              | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |        54 | NS      | $2073.60      | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Centene Corp.                               | CENTENE CORP                         | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |       460 | NS      | $16412.80     | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Acuity Inc.                                 | ACUITY INC                           | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        11 | NS      | $3788.29      | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Raymond James Financial Inc.                | RAYMOND JAMES                        | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |       167 | NS      | $28824.20     | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| C.H. Robinson Worldwide Inc                 | CH ROBINSON                          | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |        89 | NS      | $11783.60     | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| American Financial Group, Inc.              | AMER FINL GROUP                      | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |        94 | NS      | $13697.68     | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Datadog Inc                                 | DATADOG INC-A                        | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |        36 | NS      | $5126.40      | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Allegion PLC                                | ALLEGION PLC                         | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |        29 | NS      | $5143.15      | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Evercore Inc                                | EVERCORE INC                         | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |        27 | NS      | $9107.64      | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Toast Inc                                   | TOAST INC-A                          | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |       308 | NS      | $11245.08     | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Rockwell Automation, Inc.                   | ROCKWELL AUTOMAT                     | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |        50 | NS      | $17476.50     | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Halliburton Company                         | HALLIBURTON CO                       | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |       768 | NS      | $18892.80     | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Equitable Holdings Inc                      | EQUITABLE HOLDIN                     | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |       304 | NS      | $15437.12     | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Interactive Brokers Group Inc               | INTERACTIVE BROK                     | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |       184 | NS      | $12661.04     | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| DT Midstream Inc                            | DT MIDSTREAM                         | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        35 | NS      | $3957.10      | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Duolingo Inc                                | DUOLINGO                             | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        34 | NS      | $10942.56     | 0.25%             |  |  |  | No            | 1                  | On Loan: —       |
| Zscaler Inc                                 | ZSCALER INC                          | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |         7 | NS      | $2097.62      | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Conagra Brands Inc                          | CONAGRA BRANDS I                     | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |       193 | NS      | $3533.83      | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| RBC Bearings Inc                            | RBC BEARINGS INC                     | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        21 | NS      | $8196.09      | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| IDEXX Laboratories Inc.                     | IDEXX LABS                           | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |         8 | NS      | $5111.12      | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Cardinal Health, Inc.                       | CARDINAL HEALTH                      | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |        34 | NS      | $5336.64      | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Vertiv Holdings Co                          | VERTIV HOLDING-A                     | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |        86 | NS      | $12973.96     | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortive Corporation                         | FORTIVE CORP                         | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |       197 | NS      | $9651.03      | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Skyworks Solutions, Inc.                    | SKYWORKS SOLUTIO                     | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |        94 | NS      | $7236.12      | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Curtiss-Wright Corp.                        | CURTISS-WRIGHT                       | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |         9 | NS      | $4886.46      | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Old Republic International Corporation      | OLD REPUB INTL                       | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |        38 | NS      | $1613.86      | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Alnylam Pharmaceuticals Inc.                | ALNYLAM PHARMACE                     | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |        45 | NS      | $20520.00     | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Warner Music Group Corporation              | WARNER MUSIC-A                       | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       363 | NS      | $12363.78     | 0.28%             |  |  |  | No            | 1                  | On Loan: —       |
| Mueller Industries Inc.                     | MUELLER INDS                         | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |        70 | NS      | $7077.70      | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Old Dominion Freight Line Inc.              | OLD DOMINION FRT                     | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |       131 | NS      | $18442.18     | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| TransUnion                                  | TRANSUNION                           | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |        99 | NS      | $8294.22      | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Docusign Inc                                | DOCUSIGN INC                         | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |       152 | NS      | $10957.68     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Dick's Sporting Goods, Inc.                 | DICK'S SPORTING                      | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |        41 | NS      | $9111.02      | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| QXO Inc                                     | QXO INC                              | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       359 | NS      | $6842.54      | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Medpace Holdings Inc.                       | MEDPACE HOLDINGS                     | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |         8 | NS      | $4113.28      | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Graco Inc                                   | GRACO INC                            | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |        89 | NS      | $7561.44      | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Toll Brothers, Inc.                         | TOLL BROTHERS                        | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |        89 | NS      | $12294.46     | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlassian Corporation                       | ATLASSIAN CORP-A                     | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |       134 | NS      | $21399.80     | 0.49%             |  |  |  | No            | 1                  | On Loan: —       |
| Molina Healthcare, Inc.                     | MOLINA HEALTHCAR                     | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |        33 | NS      | $6314.88      | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| The Trade Desk Inc                          | TRADE DESK INC-A                     | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |       137 | NS      | $6714.37      | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Northern Trust Corporation                  | NORTHERN TRUST                       | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |       146 | NS      | $19651.60     | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| API Group Corp                              | API GROUP CORP                       | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |       109 | NS      | $3746.33      | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Carlyle Group Inc                           | CARLYLE GROUP IN                     | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |       319 | NS      | $20001.30     | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Markel Group Inc                            | MARKEL GROUP INC                     | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |        16 | NS      | $30581.76     | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Reinsurance Group of America, Incorporated  | REINSURANCE GROU                     | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |        85 | NS      | $16331.05     | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Western Digital Corp.                       | WESTERN DIGITAL                      | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |       259 | NS      | $31095.54     | 0.71%             |  |  |  | No            | 1                  | On Loan: —       |
| Alliant Energy Corporation                  | ALLIANT ENERGY                       | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |       154 | NS      | $10381.14     | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Royalty Pharma PLC                          | ROYALTY PHARMA-A                     | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |       128 | NS      | $4515.84      | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Permian Resources Corp                      | PERMIAN RESOURCE                     | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |       161 | NS      | $2060.80      | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Lululemon Athletica Inc.                    | LULULEMON ATH                        | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |        67 | NS      | $11921.31     | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Synchrony Financial                         | SYNCHRONY FINANC                     | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |       530 | NS      | $37656.50     | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Genuine Parts Co                            | GENUINE PARTS CO                     | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |        68 | NS      | $9424.80      | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| LPL Financial Holdings Inc.                 | LPL FINANCIAL HO                     | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |        86 | NS      | $28611.34     | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Align Technology Inc.                       | ALIGN TECHNOLOGY                     | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |        24 | NS      | $3005.28      | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Paycom Software Inc                         | PAYCOM SOFTWARE                      | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |        63 | NS      | $13112.82     | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Wabtec Corp                                 | WABTEC CORP                          | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |        79 | NS      | $15837.13     | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Insmed Inc                                  | INSMED INC                           | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |        18 | NS      | $2592.18      | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Illumina Inc                                | ILLUMINA INC                         | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |       146 | NS      | $13865.62     | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Primerica, Inc.                             | PRIMERICA INC                        | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |        20 | NS      | $5551.80      | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Keurig Dr Pepper Inc                        | KEURIG DR PEPPER                     | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |       775 | NS      | $19770.25     | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| PPL Corporation                             | PPL CORP                             | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |       601 | NS      | $22333.16     | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| SEI Investments Co                          | SEI INVESTMENTS                      | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |       111 | NS      | $9418.35      | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Kellanova                                   | KELLANOVA                            | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |       259 | NS      | $21243.18     | 0.48%             |  |  |  | No            | 1                  | On Loan: —       |
| Tractor Supply Co                           | TRACTOR SUPPLY                       | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |       432 | NS      | $24567.84     | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Keysight Technologies, Inc.                 | KEYSIGHT TEC                         | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |        99 | NS      | $17317.08     | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| NetApp Inc.                                 | NETAPP INC                           | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |       204 | NS      | $24165.84     | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Morningstar Inc                             | MORNINGSTAR INC                      | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |        33 | NS      | $7656.33      | 0.17%             |  |  |  | No            | 1                  | On Loan: —       |
| Jones Lang LaSalle Incorporated             | JONES LANG LASAL                     | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |        63 | NS      | $18791.64     | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Core & Main Inc                             | CORE & MAIN IN-A                     | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        86 | NS      | $4629.38      | 0.11%             |  |  |  | No            | 1                  | On Loan: —       |
| The Clorox Company                          | CLOROX CO                            | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |       104 | NS      | $12823.20     | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Avery Dennison Corporation                  | AVERY DENNISON                       | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |        78 | NS      | $12649.26     | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Martin Marietta Materials Inc               | MARTIN MAR MTLS                      | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |        28 | NS      | $17647.84     | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Masco Corporation                           | MASCO CORP                           | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |       148 | NS      | $10417.72     | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| ABIOMED, INC.                               | ABIOMED INC -CVR                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |         7 | NS      | $7.14         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| First Solar Inc                             | FIRST SOLAR INC                      | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |        69 | NS      | $15216.57     | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| J. B. Hunt Transport Services, Inc.         | HUNT (JB) TRANS                      | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |        81 | NS      | $10867.77     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Regal Rexnord Corporation                   | REGAL REXNORD CO                     | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |        26 | NS      | $3729.44      | 0.08%             |  |  |  | No            | 1                  | On Loan: —       |
| Gamestop Corp                               | GAMESTOP CORP-A                      | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |       191 | NS      | $5210.48      | 0.12%             |  |  |  | No            | 1                  | On Loan: —       |

### Signature

**Date Signed:** 2025-10-28

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer