# EDGAR Filing Document

**Accession Number:** 0000814679
**File Stem:** 0001752724-25-207634
**Filing Date:** 2025-8
**Character Count:** 78905
**Document Hash:** 069a9bed6963ee9cf9c0357bb86ea696
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-207634.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-207634

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVANCED SERIES TRUST
- **CENTRAL INDEX KEY:** 0000814679

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05186
- **FILM NUMBER:** 251261722

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 367-8982

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN SKANDIA TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HENDERSON INTERNATIONAL GROWTH FUND
- **DATE OF NAME CHANGE:** 19920506

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HENDERSON GLOBAL ASSET TRUST
- **DATE OF NAME CHANGE:** 19900302

## Series and Classes Contracts Data

### AST J.P. Morgan Conservative Multi-Asset Portfolio (Series ID: S000002009)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000005219 | AST J.P. Morgan Conservative Multi-Asset Portfolio |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-05186

- **c. CIK number of Registrant:** 0000814679

- **d. LEI of Registrant:** 549300VWSUPW8FKG9V43

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

  - **Street Address 1:** 655 Broad Street

  - **City:** Newark

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07102-4077

  - **Telephone number:** 1-888-778-2888

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

- **a. Name of Series:** AST J.P. Morgan Conservative Multi-Asset Portfolio

- **b. EDGAR series identifier (if any):** S000002009

- **c. LEI of Series:** EG1KX9XDP80JV1VJPK17

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $3993704730.11

**Total Liabilities:** $28778489.64

**Net Assets:** $3964926240.47

**Cash Not Reported:** $10994760.29

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000005219 | -0.72%               | 1.86%                | 2.86%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $22802003.85             | $-30336686.34                              |
| Month 2  | $1342843.15              | $49574824.79                               |
| Month 3  | $493708.46               | $87619983.41                               |

**Designated Index Information**

- **Index Name:** JP Morgan Conservative Multi-Asset Portfolio_Custom BM

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Encompass Health Corp                               | Encompass Health Corp                                     | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     15606 | NS      | $1913763.78    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co                           | Performance Food Group Co                                 | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     22586 | NS      | $1975597.42    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTICE FINANCING SA                                 | Altice Financing SA                                       | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | LON              | CORP              | LU        |    107871 | PA      | $86026.86      | 0.00%             | 2027-10-29      | Floating      | 9.30%                 | No            |                  2 | On Loan: No      |
| MSA Safety Inc                                      | MSA Safety Inc                                            | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     13752 | NS      | $2303872.56    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Wyndham Hotels & Resorts Inc                        | Wyndham Hotels & Resorts Inc                              | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     14979 | NS      | $1216444.59    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc                                 | Karman Holdings Inc                                       | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7517 | NS      | $378631.29     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| ITOCHU Corp                                         | ITOCHU Corp                                               | CUSIP: 000000000<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     80900 | NS      | $4236330.02    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Hayward Holdings Inc                                | Hayward Holdings Inc                                      | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135775 | NS      | $1873695.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                      | CDS CMBX.NA.BBB-.4                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |         1 | NC      | $0.00          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Oscar Health Inc                                    | Oscar Health Inc                                          | CUSIP: 687793109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43164 | NS      | $925436.16     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| NNN REIT Inc                                        | NNN REIT Inc                                              | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     15951 | NS      | $688764.18     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                               | Element Solutions Inc                                     | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     62423 | NS      | $1413880.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc                        | Simpson Manufacturing Co Inc                              | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      9966 | NS      | $1547819.46    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                                        | Balchem Corp                                              | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |      5729 | NS      | $912056.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                                 | Deutsche Telekom AG                                       | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     84867 | NS      | $3106437.77    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Concentra Group Holdings Paren                      | Concentra Group Holdings Parent Inc                       | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42669 | NS      | $877701.33     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                                      | BankUnited Inc                                            | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     36765 | NS      | $1308466.35    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                                     | Core & Main Inc                                           | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32727 | NS      | $1975074.45    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                                | Taiwan Semiconductor Manufacturing Co Ltd                 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     27744 | NS      | $6283738.56    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                                      | Lonza Group AG                                            | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |      5912 | NS      | $4228046.40    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| WEX Inc                                             | WEX Inc                                                   | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      6761 | NS      | $993123.29     | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Mitsubishi UFJ Financial Group                      | Mitsubishi UFJ Financial Group Inc                        | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    215700 | NS      | $2940765.83    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Envista Holdings Corp                               | Envista Holdings Corp                                     | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     75011 | NS      | $1465714.94    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                                   | NatWest Group PLC                                         | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    669165 | NS      | $4699514.82    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| nCino Inc                                           | nCino Inc                                                 | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |     20887 | NS      | $584209.39     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| KBC Group NV                                        | KBC Group NV                                              | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |     43652 | NS      | $4505306.57    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                           | Alibaba Group Holding Ltd                                 | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |    297200 | NS      | $4207148.20    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Baldwin Insurance Group Inc/Th                      | Baldwin Insurance Group Inc/The                           | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23656 | NS      | $1012713.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| RELX PLC                                            | RELX PLC                                                  | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     80158 | NS      | $4331633.46    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Five Below Inc                                      | Five Below Inc                                            | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      4178 | NS      | $548070.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                    | XAK TECHNOLOGY                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       130 | NC      | $1398537.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank, National Association                      | SEK/USD FORWARD                                           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-12674.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CubeSmart                                           | CubeSmart                                                 | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28239 | NS      | $1200157.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort Inc                         | Monarch Casino & Resort Inc                               | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |     11773 | NS      | $1017658.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers Inc                            | Cullen/Frost Bankers Inc                                  | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     10716 | NS      | $1377434.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                            | MarketAxess Holdings Inc                                  | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      6014 | NS      | $1343166.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTREAL EXCHANGE INC.                              | S&P/TSX 60 IX                                             | CUSIP: 000000000<br>LEI: 549300DKBYNOI0B1NP44 | N/A              | DE               | CORP              | CA        |       -69 | NC      | $-165291.16    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                           | Shell PLC                                                 | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    231836 | NS      | $8088654.58    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Eagle Materials Inc                                 | Eagle Materials Inc                                       | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      7059 | NS      | $1426694.49    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                    | XAF FINANCIAL                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       525 | NC      | $3366814.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Re                                           | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: 000000000<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      7251 | NS      | $4708324.29    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| EastGroup Properties Inc                            | EastGroup Properties Inc                                  | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      5640 | NS      | $942556.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Applied Industrial Technologie                      | Applied Industrial Technologies Inc                       | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      5217 | NS      | $1212691.65    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                                      | Atlas Copco AB                                            | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    173055 | NS      | $2797608.71    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.         | US 10YR NOTE (CBT)                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      2507 | NC      | $5214009.52    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp                              | WillScot Holdings Corp                                    | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     75090 | NS      | $2057466.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| JPMorgan Ultra-Short Income ETF                     | JPMorgan Ultra-Short Income ETF                           | CUSIP: 46641Q837<br>LEI: 549300VN24B8TQAGGX74 | Long             | EC               | RF                | US        |   2761235 | NS      | $139939389.80  | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Kia Corp                                            | Kia Corp                                                  | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |     41471 | NS      | $2967432.67    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MORAN FOODS                                         | MORAN FOODS                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     12379 | PA      | $12379.01      | 0.00%             | 2026-06-30      | Floating      | 16.91%                | No            |                  3 | On Loan: No      |
| Commerce Bancshares Inc/MO                          | Commerce Bancshares Inc/MO                                | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19691 | NS      | $1224189.47    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp                                   | Primo Brands Corp                                         | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |     43427 | NS      | $1286307.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoya Corp                                           | Hoya Corp                                                 | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |     29100 | NS      | $3455977.39    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PL                      | London Stock Exchange Group PLC                           | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     24025 | NS      | $3513589.41    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| QuidelOrtho Corp                                    | QuidelOrtho Corp                                          | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     16268 | NS      | $468843.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties I                      | Ryman Hospitality Properties Inc                          | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     14662 | NS      | $1446699.54    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.         | US ULTRA BOND CBT                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -331 | NC      | $-941898.37    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                                   | Compass Group PLC                                         | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     88900 | NS      | $3011221.54    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| OSAKA EXCHANGE,INC                                  | JAPAN 10Y BOND(OSE)                                       | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DIR              | CORP              | JP        |      -161 | NC      | $-425461.27    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| (PIPA040) AST J.P. Morgan Fixed Income Central Fund | (PIPA040) AST J.P. Morgan Fixed Income Central Fund       | CUSIP: 000000000<br>LEI: 549300GMPRFOKDNCEZ38 | Long             | EC               | CORP              | US        | 187537946 | NS      | $2107926516.48 | 53.16%            |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                   | EURO-BTP                                                  | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       484 | NC      | $226260.87     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                                    | Badger Meter Inc                                          | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |      4348 | NS      | $1065042.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                                     | Sony Group Corp                                           | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    274015 | NS      | $7124479.40    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| RLI Corp                                            | RLI Corp                                                  | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |     14818 | NS      | $1070155.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc                           | Casella Waste Systems Inc                                 | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     14139 | NS      | $1631357.82    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.         | US 5YR NOTE (CBT)                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      1201 | NC      | $1847996.72    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                          | Cactus Inc                                                | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     25789 | NS      | $1127495.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc                                  | First Hawaiian Inc                                        | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |     50083 | NS      | $1250071.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                              | MSCI EMGMKT                                               | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               | CORP              | US        |     -1138 | NC      | $-1083341.86   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc                           | Tokio Marine Holdings Inc                                 | CUSIP: 000000000<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |    109500 | NS      | $4640725.51    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc                        | Alimentation Couche-Tard Inc                              | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     59947 | NS      | $2979851.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CLAIRE'S PRIVATE PLACEMENT                          | CLAIRE'S PRIVATE PLACEMENT                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       406 | NS      | $0.04          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ICU Medical Inc                                     | ICU Medical Inc                                           | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |      8998 | NS      | $1189085.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Greece SA                          | National Bank of Greece SA                                | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |    136524 | NS      | $1740783.29    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AUSTRALIAN SECURITIES EXCHANGE TRADE24              | SPI 200                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | AU        |      -115 | NC      | $-30407.35     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp                                 | Verra Mobility Corp                                       | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |     46775 | NS      | $1187617.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Utz Brands Inc                                      | Utz Brands Inc                                            | CUSIP: 918090101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94405 | NS      | $1184782.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                                            | AAON Inc                                                  | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13833 | NS      | $1020183.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                                    | DT Midstream Inc                                          | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9477 | NS      | $1041617.07    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | USD/NZD FORWARD                                           | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $80918.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                    | XAB MATERIALS                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |      -441 | NC      | $-243440.82    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                              | Paylocity Holding Corp                                    | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      6114 | NS      | $1107795.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                         | Novanta Inc                                               | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11681 | NS      | $1506031.33    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                       | Lincoln Electric Holdings Inc                             | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      4999 | NS      | $1036392.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp                                 | WSFS Financial Corp                                       | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     20695 | NS      | $1138225.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHESAPEAKE ENERGY CORP                              | CHESAPEAKE ENERGY CORP                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $1039.50       | 0.00%             | 2026-02-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Infosys Ltd                                         | Infosys Ltd                                               | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    168064 | NS      | $3114225.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| CITIBANK, NATIONAL ASSOCIATION                      | CDS ABX.HE.AAA. 06-2                                      | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |         1 | NC      | $717.32        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| First Horizon Corp                                  | First Horizon Corp                                        | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     28799 | NS      | $610538.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                           | Nestle SA                                                 | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     51853 | NS      | $5155555.74    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                        | NZD/USD FORWARD                                           | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |         1 | NC      | $213504.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                            | Bank Central Asia Tbk PT                                  | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |   5821600 | NS      | $3111922.75    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Morningstar Inc                                     | Morningstar Inc                                           | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      3483 | NS      | $1093418.19    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NMC Health PLC                                      | NMC Health PLC                                            | CUSIP: 000000000<br>LEI: 2138008YQEVWBE1V2M52 | Long             | EC               | CORP              | AE        |       411 | NS      | $0.06          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| First Financial Bancorp                             | First Financial Bancorp                                   | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     48848 | NS      | $1185052.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                                       | UniCredit SpA                                             | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     59309 | NS      | $3978648.37    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | AUD/USD FORWARD                                           | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $71122.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORAN FOODS LLC                                     | MORAN FOODS LLC                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    421966 | PA      | $295375.87     | 0.01%             | 2026-12-31      | Floating      | 9.59%                 | No            |                  3 | On Loan: No      |
| Mitsui Fudosan Co Ltd                               | Mitsui Fudosan Co Ltd                                     | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |    342300 | NS      | $3313834.05    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingspan Group PLC                                  | Kingspan Group PLC                                        | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |     26924 | NS      | $2294177.72    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SM Energy Co                                        | SM Energy Co                                              | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     47750 | NS      | $1179902.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                            | Allegro MicroSystems Inc                                  | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31448 | NS      | $1075207.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                                  | FTSE 100 INDEX                                            | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DE               | CORP              | GB        |       251 | NC      | $-287166.61    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Ho                      | Knight-Swift Transportation Holdings Inc                  | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16442 | NS      | $727229.66     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                                     | United States Treasury Note/Bond                          | CUSIP: 91282CJV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  64123700 | PA      | $64123700.00   | 1.62%             | 2026-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Quaker Chemical Corp                                | Quaker Chemical Corp                                      | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |     11127 | NS      | $1245556.38    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Wintrust Financial Corp                             | Wintrust Financial Corp                                   | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     12736 | NS      | $1579009.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank, National Association                      | USD/NOK FORWARD                                           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-970184.72    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                          | Siemens AG                                                | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     20753 | NS      | $5330578.19    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| RBC Bearings Inc                                    | RBC Bearings Inc                                          | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4090 | NS      | $1573832.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken NV                                         | Heineken NV                                               | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     44006 | NS      | $3839209.17    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| StepStone Group Inc                                 | StepStone Group Inc                                       | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26274 | NS      | $1458207.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Advantage Corp                                | First Advantage Corp                                      | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Long             | EC               | CORP              | US        |     55646 | NS      | $924280.06     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Citibank, National Association                      | USD/CHF FORWARD                                           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1755308.15   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Active Growth ETF                          | JPMorgan Active Growth ETF                                | CUSIP: 46654Q609<br>LEI: 5493001GSJ14WQX68P70 | Long             | EC               | RF                | US        |   2254109 | NS      | $194011161.63  | 4.89%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                                    | HealthEquity Inc                                          | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     10465 | NS      | $1096313.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                                    | SPS Commerce Inc                                          | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |      7713 | NS      | $1049662.17    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc                              | Power Integrations Inc                                    | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |     25097 | NS      | $1402922.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                      | CDS ABX.HE.AAA. 06-2                                      | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |         1 | NC      | $1537.11       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Perimeter Solutions Inc                             | Perimeter Solutions Inc                                   | CUSIP: 71385M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65380 | NS      | $910089.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                            | Vinci SA                                                  | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     19075 | NS      | $2812997.62    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| First Interstate BancSystem In                      | First Interstate BancSystem Inc                           | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |     40730 | NS      | $1173838.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OSAKA EXCHANGE,INC                                  | TOPIX INDX                                                | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               | CORP              | JP        |       378 | NC      | $1726122.77    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                       | HDFC Bank Ltd                                             | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     80885 | NS      | $6201452.95    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Vail Resorts Inc                                    | Vail Resorts Inc                                          | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      4653 | NS      | $731125.89     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| JPMorgan Active Value ETF                           | JPMorgan Active Value ETF                                 | CUSIP: 46641Q167<br>LEI: 549300WXH93S1D430S16 | Long             | EC               | RF                | US        |   2843874 | NS      | $186273747.00  | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                                        | 3i Group PLC                                              | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     99897 | NS      | $5653392.27    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Saia Inc                                            | Saia Inc                                                  | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      2863 | NS      | $784433.37     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                           | Kinsale Capital Group Inc                                 | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      2417 | NS      | $1169586.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Toro Co/The                                         | Toro Co/The                                               | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     11665 | NS      | $824482.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Hol                      | MACOM Technology Solutions Holdings Inc                   | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11987 | NS      | $1717617.23    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Intact Financial Corp                               | Intact Financial Corp                                     | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |     17712 | NS      | $4118600.92    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                                         | Moelis & Co                                               | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     10034 | NS      | $625318.88     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc                                        | SK Hynix Inc                                              | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     18678 | NS      | $4024765.55    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Cushman & Wakefield PLC                             | Cushman & Wakefield PLC                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    166009 | NS      | $1837719.63    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum China Holdings Inc                              | Yum China Holdings Inc                                    | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | CN        |     81849 | NS      | $3659468.79    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                                  | LONG GILT                                                 | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |       334 | NC      | $1207560.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc                       | Janus International Group Inc                             | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    128873 | NS      | $1049026.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Global Select Equity ETF                   | JPMorgan Global Select Equity ETF                         | CUSIP: 46654Q740<br>LEI: 5493000IA63JXH4YO068 | Long             | EC               | RF                | US        |   8706472 | NS      | $560174408.48  | 14.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City L                      | Canadian Pacific Kansas City Ltd                          | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     29625 | NS      | $2353466.13    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc                                 | Landstar System Inc                                       | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      8663 | NS      | $1204330.26    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                         | Gentex Corp                                               | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     37230 | NS      | $818687.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Volvo AB                                            | Volvo AB                                                  | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |    132597 | NS      | $3730963.70    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Acushnet Holdings Corp                              | Acushnet Holdings Corp                                    | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |     14727 | NS      | $1072420.14    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| CHESAPEAKE ENERGY CORP                              | CHESAPEAKE ENERGY CORP                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $231.00        | 0.00%             | 2026-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                    | S&P EMINI COM SER                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       222 | NC      | $1556326.56    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc                                | Medpace Holdings Inc                                      | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |      2580 | NS      | $809758.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| CHICAGO MERCANTILE EXCHANGE INC.                    | E-MINI RUSS 2000                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |     -1076 | NC      | $-2695635.90   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Telstra Group Ltd                                   | Telstra Group Ltd                                         | CUSIP: 000000000<br>LEI: 894500WRW54CVN62K416 | Long             | EC               | CORP              | AU        |   1030114 | NS      | $3284644.40    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                            | Infineon Technologies AG                                  | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     84401 | NS      | $3601563.32    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Shake Shack Inc                                     | Shake Shack Inc                                           | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |      3958 | NS      | $556494.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                    | XAP CONS STAPLES                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |      -465 | NC      | $-261339.30    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares Inc                          | ServisFirst Bancshares Inc                                | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12692 | NS      | $983756.92     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings I                      | BJ's Wholesale Club Holdings Inc                          | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      2846 | NS      | $306884.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Core Ultra Short Bond Fund                     | PGIM Core Ultra Short Bond Fund                           | CUSIP: 000000000<br>LEI: 1VRLPVAWKZCB406TIT84 | Long             | STIV             | RF                | US        | 378680735 | NS      | $378680734.69  | 9.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                           | Safran SA                                                 | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     18131 | NS      | $5912958.00    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Planet Fitness Inc                                  | Planet Fitness Inc                                        | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |     14329 | NS      | $1562577.45    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FGI OPERATING CO LLC                                | FGI Operating Co LLC                                      | CUSIP: 30252KAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     91844 | PA      | $918.44        | 0.00%             | 2022-05-15      | Floating      | 12.00%                | No            |                  3 | On Loan: No      |
| Evercore Inc                                        | Evercore Inc                                              | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      5823 | NS      | $1572326.46    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowco Holdings Inc                                 | Flowco Holdings Inc                                       | CUSIP: 342909108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35682 | NS      | $635496.42     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.         | DJ US REAL ESTATE                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DE               | CORP              | US        |      -827 | NC      | $55987.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co                        | Portland General Electric Co                              | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     26861 | NS      | $1091362.43    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                                | Tencent Holdings Ltd                                      | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    114300 | NS      | $7364990.66    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                                      | Air Liquide SA                                            | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     33759 | NS      | $6961144.02    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                              | DBS Group Holdings Ltd                                    | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |    184240 | NS      | $6504055.55    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                       | Al Rajhi Bank                                             | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |    135383 | NS      | $3414745.72    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SAL TopCo LLC Equity Units                          | SAL TopCo LLC Equity Units                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1709579 | NS      | $170.96        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ICE FUTURES U.S., INC.                              | MSCI EAFE                                                 | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               | CORP              | US        |       949 | NC      | $2545434.97    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI LIBERTY INC                                     | GCI LIBERTY INC ESCROW SHARE                              | CUSIP: 361ESC049<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       599 | NS      | $0.06          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Casey's General Stores Inc                          | Casey's General Stores Inc                                | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |       479 | NS      | $244419.33     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                    | XAU UTILITIES                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       347 | NC      | $384469.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA                                    | UniFirst Corp/MA                                          | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      1969 | NS      | $370605.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutio                      | Bright Horizons Family Solutions Inc                      | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12985 | NS      | $1604816.15    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings                       | Clearwater Analytics Holdings Inc                         | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44250 | NS      | $970402.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                                        | Iberdrola SA                                              | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    154244 | NS      | $2967350.83    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                                                | Taiwan Semiconductor Manufacturing Co Ltd                 | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    124000 | NS      | $4534599.91    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| AptarGroup Inc                                      | AptarGroup Inc                                            | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |      6715 | NS      | $1050427.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                                   | Brunswick Corp/DE                                         | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     21007 | NS      | $1160426.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                    | S&P500 EMINI                                              | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |      1066 | NC      | $8766085.60    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                            | Fabrinet                                                  | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | TH        |      3663 | NS      | $1079412.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Citibank, National Association                      | USD/EUR FORWARD                                           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $741902.91     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CLAIRE'S STORES INC CNV PFD                         | CLAIRE'S STORES INC CNV PFD                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       434 | NS      | $0.04          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Michelin                                            | Cie Generale des Etablissements Michelin SCA              | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     69206 | NS      | $2574062.95    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Freshpet Inc                                        | Freshpet Inc                                              | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |     10873 | NS      | $738929.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| PGIM Institutional Money Market Fund - D            | PGIM Institutional Money Market Fund - D                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  24673514 | NS      | $24656242.33   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                          | Qualys Inc                                                | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |      5307 | NS      | $758211.09     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank, National Association                      | USD/SEK FORWARD                                           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-266455.62    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HIGH RIDGE ESCROW BOND                              | HIGH RIDGE ESCROW BOND                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     22000 | PA      | $0.02          | 0.00%             | 2026-03-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Fortune Brands Innovations Inc                      | Fortune Brands Innovations Inc                            | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |      9788 | NS      | $503886.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                                          | Legrand SA                                                | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |     32149 | NS      | $4308883.34    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Driven Brands Holdings Inc                          | Driven Brands Holdings Inc                                | CUSIP: 26210V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59904 | NS      | $1051914.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                         | Novartis AG                                               | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     35099 | NS      | $4260215.14    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Axalta Coating Systems Ltd                          | Axalta Coating Systems Ltd                                | CUSIP: 000000000<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | US        |     41715 | NS      | $1238518.35    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| InterContinental Hotels Group                       | InterContinental Hotels Group PLC                         | CUSIP: 000000000<br>LEI: 2138007ZFQYRUSLU3J98 | Long             | EC               | CORP              | GB        |     18900 | NS      | $2160935.05    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CCC Intelligent Solutions Hold                      | CCC Intelligent Solutions Holdings Inc                    | CUSIP: 12510Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92091 | NS      | $866576.31     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| MORAN FOODS LLC                                     | MORAN FOODS LLC                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    286483 | PA      | $64859.83      | 0.00%             | 2026-12-31      | Floating      | 9.59%                 | No            |                  3 | On Loan: No      |
| Engie SA                                            | Engie SA                                                  | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |    125451 | NS      | $2948450.21    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                        | USD/GBP FORWARD                                           | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |         1 | NC      | $320841.10     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Severstal PAO                                       | Severstal PAO                                             | CUSIP: 818150302<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |     17534 | NS      | $1.75          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                            | USD/JPY FORWARD                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-8082.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Woodward Inc                                        | Woodward Inc                                              | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      5285 | NS      | $1295300.65    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HKEX                                                | Hong Kong Exchanges & Clearing Ltd                        | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     81800 | NS      | $4399741.47    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| AUSTRALIAN SECURITIES EXCHANGE TRADE24              | AUST 10Y BOND                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | AU        |      1223 | NC      | $1283497.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                                   | Loar Holdings Inc                                         | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6056 | NS      | $521845.52     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                      | CDS ABX.HE.AAA. 06-2                                      | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |         1 | NC      | $1947.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Wendy's Co/The                                      | Wendy's Co/The                                            | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |     38562 | NS      | $440378.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                         | Chemed Corp                                               | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      2520 | NS      | $1227063.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp                              | Hillman Solutions Corp                                    | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141495 | NS      | $1010274.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Advanced Series Trust

**Signature:** Christian J. Kelly

**Name of Signer:** Christian J. Kelly

**Title:** Chief Financial Officer