# EDGAR Filing Document

**Accession Number:** 0001643174
**File Stem:** 0000894189-26-013896
**Filing Date:** 2026-4
**Character Count:** 125782
**Document Hash:** 253a7b652537b0bd80e821f451c7e9cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-013896.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0000894189-26-013896

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Horizon Funds
- **CENTRAL INDEX KEY:** 0001643174

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23063
- **FILM NUMBER:** 26915981

**BUSINESS ADDRESS:**
- **STREET 1:** 6210 ARDREY KELL ROAD
- **STREET 2:** SUITE 300
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277
- **BUSINESS PHONE:** 704-544-2399

**MAIL ADDRESS:**
- **STREET 1:** 6210 ARDREY KELL ROAD
- **STREET 2:** SUITE 300
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277

## Series and Classes Contracts Data

### Horizon Defensive Core Fund (Series ID: S000065863)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000212785 | Investor Class | HESGX           |
| C000212787 | Advisor Class  | HESAX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Horizon Defensive Core Fund** | **Horizon Defensive Core Fund** | **Horizon Defensive Core Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** |
| **COMMON STOCKS - 89.4%** | **Shares** | **Value**  |
| **Aerospace & Defense - 0.5%** | **Aerospace & Defense - 0.5%** | |
| Axon Enterprise, Inc. <sup>(a)</sup> | 922 | $500093 |
| Howmet Aerospace, Inc. | 2664 | 699380 |
| L3Harris Technologies, Inc. | 1772 | 645965 |
| TransDigm Group, Inc. | 366 | 476821 |
|  |  | 2322259 |
| **Air Freight & Logistics - 0.4%** | **Air Freight & Logistics - 0.4%** |  |
| Expeditors International of Washington, Inc. | 3325 | 482225 |
| FedEx Corp. | 1790 | 692730 |
| United Parcel Service, Inc. - Class B | 5465 | 633721 |
|  |  | 1808676 |
| **Automobile Components - 0.1%** | **Automobile Components - 0.1%** |  |
| Aptiv PLC <sup>(a)</sup> | 6414 | 471686 |
| **Automobiles - 1.5%** | **Automobiles - 1.5%** |  |
| Ford Motor Co. | 37097 | 522697 |
| General Motors Co. | 6713 | 528380 |
| Tesla, Inc. <sup>(a)</sup> | 15450 | 6218779 |
|  |  | 7269856 |
| **Banks - 3.6%** | **Banks - 3.6%** |  |
| Bank of America Corp. | 65031 | 3240495 |
| Fifth Third Bancorp | 11304 | 559209 |
| JPMorgan Chase & Co. | 25602 | 7688281 |
| KeyCorp | 26595 | 551580 |
| M&T Bank Corp. | 2553 | 553950 |
| PNC Financial Services Group, Inc. | 2530 | 537245 |
| Regions Financial Corp. | 19207 | 534531 |
| Truist Financial Corp. | 10543 | 519875 |
| US Bancorp | 9975 | 545234 |
| Wells Fargo & Co. | 27090 | 2206480 |
|  |  | 16936880 |
| **Beverages - 1.4%** | **Beverages - 1.4%** |  |
| Coca-Cola Co. | 38362 | 3128805 |
| Constellation Brands, Inc. - Class A | 3720 | 587239 |
| Keurig Dr Pepper, Inc. | 18159 | 549855 |
| Monster Beverage Corp. <sup>(a)</sup> | 6578 | 561103 |
| PepsiCo, Inc. | 11832 | 2008364 |
|  |  | 6835366 |
| **Biotechnology - 1.6%** | **Biotechnology - 1.6%** |  |
| AbbVie, Inc. | 16188 | 3756911 |
| Biogen, Inc. <sup>(a)</sup> | 2690 | 515996 |
| Gilead Sciences, Inc. | 10116 | 1506778 |
| Incyte Corp. <sup>(a)</sup> | 4636 | 469488 |
| Regeneron Pharmaceuticals, Inc. | 666 | 520592 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup> | 1904 | 945964 |
|  |  | 7715729 |
| **Broadline Retail - 3.0%** | **Broadline Retail - 3.0%** |  |
| Amazon.com, Inc. <sup>(a)</sup> | 68414 | 14366940 |
| **Building Products - 0.3%** | **Building Products - 0.3%** |  |
| Lennox International, Inc. | 1012 | 576779 |
| Trane Technologies PLC | 1521 | 703189 |
|  |  | 1279968 |
| **Capital Goods - 0.1%** | **Capital Goods - 0.1%** |  |
| General Dynamics Corp. | 1934 | 690535 |
| **Capital Markets - 2.0%** | **Capital Markets - 2.0%** |  |
| Blackrock, Inc. | 1245 | 1323721 |
| Blackstone, Inc. | 5326 | 603809 |
| CBOE Global Markets, Inc. | 1909 | 572165 |
| Charles Schwab Corp. | 14783 | 1407342 |
| CME Group, Inc. | 2663 | 850828 |
| Interactive Brokers Group, Inc. - Class A | 7801 | 555353 |
| Intercontinental Exchange, Inc. | 3921 | 643554 |
| Moody's Corp. | 1219 | 582182 |
| MSCI, Inc. | 872 | 498636 |
| Nasdaq, Inc. | 5480 | 479938 |
| Robinhood Markets, Inc. - Class A <sup>(a)</sup> | 6068 | 460258 |
| S&P Global, Inc. | 2478 | 1094979 |
| T. Rowe Price Group, Inc. | 4865 | 460375 |
|  |  | 9533140 |
| **Chemicals - 1.2%** | **Chemicals - 1.2%** |  |
| Air Products & Chemicals, Inc. | 1892 | 521568 |
| Corteva, Inc. | 7388 | 591926 |
| DuPont de Nemours, Inc. | 12622 | 631605 |
| Ecolab, Inc. | 1782 | 549480 |
| Linde PLC | 4021 | 2042990 |
| PPG Industries, Inc. | 4895 | 603407 |
| Sherwin-Williams Co. | 1638 | 593922 |
|  |  | 5534898 |
| **Commercial Services & Supplies - 0.7%** | **Commercial Services & Supplies - 0.7%** |  |
| Cintas Corp. | 2663 | 535609 |
| Copart, Inc. <sup>(a)</sup> | 12509 | 476468 |
| Republic Services, Inc. | 2249 | 515021 |
| Rollins, Inc. | 7994 | 486755 |
| Veralto Corp. | 4702 | 458116 |
| Waste Management, Inc. | 2868 | 690729 |
|  |  | 3162698 |
| **Communications Equipment - 1.0%** | **Communications Equipment - 1.0%** |  |
| Arista Networks, Inc. <sup>(a)</sup> | 9958 | 1329393 |
| Cisco Systems, Inc. | 35215 | 2798184 |
| Motorola Solutions, Inc. | 1321 | 637065 |
|  |  | 4764642 |
| **Construction & Engineering - 0.3%** | **Construction & Engineering - 0.3%** |  |
| EMCOR Group, Inc. | 813 | 589116 |
| Quanta Services, Inc. | 1103 | 621077 |
|  |  | 1210193 |
| **Construction Materials - 0.2%** | **Construction Materials - 0.2%** |  |
| Martin Marietta Materials, Inc. | 792 | 535843 |
| Vulcan Materials Co. | 1680 | 520800 |
|  |  | 1056643 |
| **Consumer Finance - 0.5%** | **Consumer Finance - 0.5%** |  |
| American Express Co. | 5785 | 1786987 |
| Synchrony Financial | 6385 | 441267 |
|  |  | 2228254 |
| **Consumer Staples Distribution & Retail - 3.3%** | **Consumer Staples Distribution & Retail - 3.3%** |  |
| Costco Wholesale Corp. | 4106 | 4150304 |
| Dollar Tree, Inc. <sup>(a)</sup> | 4661 | 589523 |
| Sysco Corp. | 6464 | 589258 |
| Target Corp. | 5677 | 645986 |
| Walmart, Inc. | 76582 | 9798667 |
|  |  | 15773738 |
| **Containers & Packaging - 0.3%** | **Containers & Packaging - 0.3%** |  |
| Packaging Corp. of America | 2439 | 566189 |
| Smurfit WestRock PLC | 14069 | 661384 |
|  |  | 1227573 |
| **Distributors - 0.1%** | **Distributors - 0.1%** |  |
| Genuine Parts Co. | 3791 | 452115 |
| **Diversified Telecommunication Services - 0.4%** | **Diversified Telecommunication Services - 0.4%** |  |
| AT&T, Inc. | 59827 | 1675754 |
| **Electric Utilities - 0.8%** | **Electric Utilities - 0.8%** |  |
| Constellation Energy Corp. | 2361 | 778847 |
| Edison International | 8318 | 621687 |
| Evergy, Inc. | 6403 | 535675 |
| Eversource Energy | 7416 | 565174 |
| NRG Energy, Inc. | 3002 | 537238 |
| PPL Corp. | 13483 | 525567 |
|  |  | 3564188 |
| **Electrical Equipment - 0.6%** | **Electrical Equipment - 0.6%** |  |
| AMETEK, Inc. | 2485 | 594461 |
| Eaton Corp. PLC | 3024 | 1136782 |
| Hubbell, Inc. | 1141 | 583770 |
| Rockwell Automation, Inc. | 1255 | 511350 |
|  |  | 2826363 |
| **Electronic Equipment, Instruments & Components - 0.8%** | **Electronic Equipment, Instruments & Components - 0.8%** |  |
| Amphenol Corp. - Class A | 9692 | 1415614 |
| Keysight Technologies, Inc. <sup>(a)</sup> | 2534 | 778774 |
| TE Connectivity PLC | 2208 | 508171 |
| Teledyne Technologies, Inc. <sup>(a)</sup> | 984 | 670202 |
| Trimble, Inc. <sup>(a)</sup> | 6043 | 404096 |
|  |  | 3776857 |
| **Energy - 0.1%** | **Energy - 0.1%** |  |
| Williams Cos., Inc. | 8254 | 616739 |
| **Energy Equipment & Services - 0.4%** | **Energy Equipment & Services - 0.4%** |  |
| Baker Hughes & GE Co. - Class A | 9917 | 647183 |
| Halliburton Co. | 19123 | 688428 |
| SLB Ltd. | 13688 | 702742 |
|  |  | 2038353 |
| **Entertainment - 1.3%** | **Entertainment - 1.3%** |  |
| Live Nation Entertainment, Inc. <sup>(a)</sup> | 3809 | 617591 |
| Netflix, Inc. <sup>(a)</sup> | 39934 | 3843248 |
| Walt Disney Co. | 15171 | 1608733 |
|  |  | 6069572 |
| **Financial Services - 2.4%** | **Financial Services - 2.4%** |  |
| Corpay, Inc. <sup>(a)</sup> | 1683 | 547143 |
| Global Payments, Inc. | 6619 | 506089 |
| MasterCard, Inc. - Class A | 8076 | 4176988 |
| PayPal Holdings, Inc. | 7966 | 368109 |
| Visa, Inc. - Class A | 17647 | 5649510 |
|  |  | 11247839 |
| **Food Products - 0.7%** | **Food Products - 0.7%** |  |
| Archer-Daniels-Midland Co. | 8230 | 568199 |
| General Mills, Inc. | 10449 | 472608 |
| Hershey Co. | 2627 | 620707 |
| McCormick & Co., Inc. | 7315 | 519658 |
| Mondelez International, Inc. - Class A | 8710 | 536362 |
| Tyson Foods, Inc. - Class A | 8620 | 560214 |
|  |  | 3277748 |
| **Gas Utilities - 0.1%** | **Gas Utilities - 0.1%** |  |
| Atmos Energy Corp. | 2826 | 527869 |
| **Ground Transportation - 1.0%** | **Ground Transportation - 1.0%** |  |
| CSX Corp. | 14037 | 599239 |
| JB Hunt Transport Services, Inc. | 2856 | 666619 |
| Old Dominion Freight Line, Inc. | 3654 | 741945 |
| Uber Technologies, Inc. <sup>(a)</sup> | 17607 | 1327920 |
| Union Pacific Corp. | 4610 | 1221558 |
|  |  | 4557281 |
| **Health Care - 0.0% <sup>(b)</sup>** | **Health Care - 0.0% <sup>(b)</sup>** |  |
| ABIOMED INC <sup>(a)(c)</sup> | 239 | 0 |
| **Health Care Equipment & Services - 0.3%** | **Health Care Equipment & Services - 0.3%** |  |
| Medtronic PLC | 9635 | 940954 |
| Universal Health Services, Inc. - Class B | 1998 | 411788 |
|  |  | 1352742 |
| **Health Care Equipment & Supplies - 1.9%** | **Health Care Equipment & Supplies - 1.9%** |  |
| Abbott Laboratories | 14706 | 1711043 |
| Becton Dickinson & Co. | 2513 | 443494 |
| Boston Scientific Corp. <sup>(a)</sup> | 11542 | 887003 |
| Dexcom, Inc. <sup>(a)</sup> | 7930 | 582300 |
| Edwards Lifesciences Corp. <sup>(a)</sup> | 5647 | 488296 |
| IDEXX Laboratories, Inc. <sup>(a)</sup> | 645 | 423591 |
| Insulet Corp. <sup>(a)</sup> | 1499 | 369668 |
| Intuitive Surgical, Inc. <sup>(a)</sup> | 2926 | 1473270 |
| ResMed, Inc. | 1914 | 490482 |
| STERIS PLC | 1831 | 462053 |
| Stryker Corp. | 2975 | 1152694 |
| Zimmer Biomet Holdings, Inc. | 5075 | 499583 |
|  |  | 8983477 |
| **Health Care Providers & Services - 0.9%** | **Health Care Providers & Services - 0.9%** |  |
| Elevance Health, Inc. | 1458 | 466560 |
| HCA Healthcare, Inc. | 1609 | 852287 |
| Quest Diagnostics, Inc. | 2541 | 538463 |
| UnitedHealth Group, Inc. | 7779 | 2281348 |
|  |  | 4138658 |
| **Hotels, Restaurants & Leisure - 1.6%** | **Hotels, Restaurants & Leisure - 1.6%** |  |
| Airbnb, Inc. - Class A <sup>(a)</sup> | 4125 | 557329 |
| Booking Holdings, Inc. | 249 | 1055598 |
| Chipotle Mexican Grill, Inc. <sup>(a)</sup> | 14758 | 549293 |
| Darden Restaurants, Inc. | 2742 | 586377 |
| Expedia Group, Inc. | 1908 | 411537 |
| Hilton Worldwide Holdings, Inc. | 1725 | 537820 |
| Las Vegas Sands Corp. | 7258 | 411674 |
| McDonald's Corp. | 6124 | 2088651 |
| Starbucks Corp. | 8018 | 785924 |
| Yum! Brands, Inc. | 3188 | 536094 |
|  |  | 7520297 |
| **Household Durables - 0.4%** | **Household Durables - 0.4%** |  |
| DR Horton, Inc. | 3184 | 510682 |
| Garmin, Ltd. | 2543 | 642947 |
| Lennar Corp. - Class A | 3484 | 398430 |
| NVR, Inc. <sup>(a)</sup> | 67 | 503692 |
|  |  | 2055751 |
| **Household Products - 1.1%** | **Household Products - 1.1%** |  |
| Church & Dwight Co., Inc. | 5823 | 610600 |
| Colgate-Palmolive Co. | 6157 | 610405 |
| Kimberly-Clark Corp. | 4629 | 515856 |
| Procter & Gamble Co. | 21342 | 3568382 |
|  |  | 5305243 |
| **Independent Power and Renewable Electricity Producers - 0.1%** | **Independent Power and Renewable Electricity Producers - 0.1%** |  |
| Vistra Corp. | 2879 | 500629 |
| **Industrial Conglomerates - 0.3%** | **Industrial Conglomerates - 0.3%** |  |
| Honeywell International, Inc. | 4910 | 1196027 |
| **Insurance - 1.6%** | **Insurance - 1.6%** |  |
| Allstate Corp. | 2291 | 491465 |
| Aon PLC - Class A | 1399 | 469322 |
| Arch Capital Group Ltd. <sup>(a)</sup> | 5220 | 522783 |
| Brown & Brown, Inc. | 6102 | 438246 |
| Chubb Ltd. | 3051 | 1039964 |
| Cincinnati Financial Corp. | 2898 | 475214 |
| Erie Indemnity Co. - Class A | 1655 | 445923 |
| Hartford Insurance Group, Inc. | 3553 | 500369 |
| Marsh & McLennan Cos., Inc. | 3441 | 642572 |
| Progressive Corp. | 4697 | 1003561 |
| Travelers Cos., Inc. | 1659 | 512034 |
| Willis Towers Watson PLC | 1522 | 464469 |
| WR Berkley Corp. | 6274 | 449846 |
|  |  | 7455768 |
| **Interactive Media & Services - 6.4%** | **Interactive Media & Services - 6.4%** |  |
| Alphabet, Inc. - Class A | 68068 | 21220880 |
| Meta Platforms, Inc. - Class A | 14290 | 9262492 |
|  |  | 30483372 |
| **IT Services - 0.1%** | **IT Services - 0.1%** |  |
| VeriSign, Inc. | 1915 | 436505 |
| **Life Sciences Tools & Services - 1.0%** | **Life Sciences Tools & Services - 1.0%** |  |
| Agilent Technologies, Inc. | 3102 | 376521 |
| Danaher Corp. | 5666 | 1193486 |
| IQVIA Holdings, Inc. <sup>(a)</sup> | 2106 | 376574 |
| Mettler-Toledo International, Inc. <sup>(a)</sup> | 328 | 448274 |
| Thermo Fisher Scientific, Inc. | 3151 | 1642017 |
| Waters Corp. <sup>(a)</sup> | 1537 | 490824 |
| West Pharmaceutical Services, Inc. | 1744 | 443569 |
|  |  | 4971265 |
| **Machinery - 2.0%** | **Machinery - 2.0%** |  |
| Caterpillar, Inc. | 4057 | 3013661 |
| Cummins, Inc. | 995 | 580951 |
| Dover Corp. | 2637 | 594643 |
| Fortive Corp. | 9228 | 546298 |
| Illinois Tool Works, Inc. | 1970 | 572541 |
| Ingersoll Rand, Inc. | 6177 | 581503 |
| PACCAR, Inc. | 4662 | 587832 |
| Parker-Hannifin Corp. | 917 | 925418 |
| Pentair PLC | 4628 | 459051 |
| Snap-on, Inc. | 1442 | 555487 |
| Wabtec Corp. | 2391 | 631104 |
| Xylem, Inc. | 3444 | 446205 |
|  |  | 9494694 |
| **Materials - 0.5%** | **Materials - 0.5%** |  |
| Freeport-McMoRan, Inc. | 11918 | 811378 |
| Newmont Goldcorp Corp. | 7406 | 962780 |
| Nucor Corp. | 3132 | 553988 |
|  |  | 2328146 |
| **Media - 0.5%** | **Media - 0.5%** |  |
| Comcast Corp. - Class A | 26755 | 828335 |
| News Corp. - Class A | 19125 | 464546 |
| Omnicom Group, Inc. | 6717 | 572893 |
| Trade Desk, Inc. - Class A <sup>(a)</sup> | 12506 | 297893 |
| Versant Media Group, Inc. <sup>(a)</sup> | 1070 | 35652 |
|  |  | 2199319 |
| **Metals & Mining - 0.1%** | **Metals & Mining - 0.1%** |  |
| Steel Dynamics, Inc. | 2959 | 571472 |
| **Multi-Utilities - 0.4%** | **Multi-Utilities - 0.4%** |  |
| Ameren Corp. | 4678 | 529924 |
| CMS Energy Corp. | 6572 | 513076 |
| DTE Energy Co. | 3606 | 534554 |
| NiSource, Inc. | 11378 | 538179 |
|  |  | 2115733 |
| **Oil, Gas & Consumable Fuels - 3.3%** | **Oil, Gas & Consumable Fuels - 3.3%** |  |
| Chevron Corp. | 18394 | 3435263 |
| ConocoPhillips | 9517 | 1079799 |
| Coterra Energy, Inc. | 18939 | 579344 |
| Devon Energy Corp. | 13686 | 595752 |
| Diamondback Energy, Inc. | 3349 | 582994 |
| EOG Resources, Inc. | 4648 | 576724 |
| EQT Corp. | 8657 | 531713 |
| Expand Energy Corp. | 4239 | 457473 |
| Exxon Mobil Corp. | 40339 | 6151697 |
| Targa Resources Corp. | 2876 | 678161 |
| Texas Pacific Land Corp. | 1722 | 902827 |
|  |  | 15571747 |
| **Passenger Airlines - 0.1%** | **Passenger Airlines - 0.1%** |  |
| United Airlines Holdings, Inc. <sup>(a)</sup> | 4949 | 526079 |
| **Pharmaceuticals - 3.7%** | **Pharmaceuticals - 3.7%** |  |
| Eli Lilly & Co. | 8598 | 9045010 |
| Johnson & Johnson | 22105 | 5491545 |
| Merck & Co., Inc. | 19898 | 2463770 |
| Zoetis, Inc. | 3804 | 498705 |
|  |  | 17499030 |
| **Professional Services - 0.4%** | **Professional Services - 0.4%** |  |
| Automatic Data Processing, Inc. | 2930 | 628075 |
| Broadridge Financial Solutions, Inc. | 2146 | 398877 |
| Leidos Holdings, Inc. | 2560 | 448256 |
| Verisk Analytics, Inc. | 2195 | 455616 |
|  |  | 1930824 |
| **Real Estate Management & Development - 0.2%** | **Real Estate Management & Development - 0.2%** |  |
| CBRE Group, Inc. - Class A <sup>(a)</sup> | 3018 | 445638 |
| CoStar Group, Inc. <sup>(a)</sup> | 7160 | 319551 |
|  |  | 765189 |
| **Semiconductors & Semiconductor Equipment - 13.3%** | **Semiconductors & Semiconductor Equipment - 13.3%** |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 15377 | 3078629 |
| Applied Materials, Inc. | 6186 | 2303048 |
| Broadcom, Inc. | 41457 | 13247584 |
| KLA Corp. | 1048 | 1597728 |
| Lam Research Corp. | 9852 | 2304284 |
| Micron Technology, Inc. | 8878 | 3661021 |
| Monolithic Power Systems, Inc. | 547 | 625079 |
| NVIDIA Corp. | 184624 | 32713527 |
| NXP Semiconductors NV | 2557 | 580465 |
| Qnity Electronics, Inc. | 6228 | 789461 |
| QUALCOMM, Inc. | 8848 | 1259601 |
| Teradyne, Inc. | 2938 | 940248 |
|  |  | 63100675 |
| **Software - 7.5%** | **Software - 7.5%** |  |
| Adobe, Inc. <sup>(a)</sup> | 3285 | 862017 |
| Autodesk, Inc. <sup>(a)</sup> | 1655 | 406915 |
| Cadence Design Systems, Inc. <sup>(a)</sup> | 1880 | 566632 |
| Crowdstrike Holdings, Inc. - Class A <sup>(a)</sup> | 1966 | 731313 |
| Fair Isaac Corp. <sup>(a)</sup> | 274 | 386165 |
| Fortinet, Inc. <sup>(a)</sup> | 6068 | 479554 |
| Intuit, Inc. | 2319 | 948540 |
| Microsoft Corp. | 52613 | 20663229 |
| Oracle Corp. | 29392 | 4273597 |
| Palantir Technologies, Inc. - Class A <sup>(a)</sup> | 20969 | 2876737 |
| Roper Technologies, Inc. | 1100 | 384703 |
| Salesforce, Inc. | 8038 | 1565722 |
| ServiceNow, Inc. <sup>(a)</sup> | 8476 | 915493 |
| Synopsys, Inc. <sup>(a)</sup> | 1230 | 509220 |
|  |  | 35569837 |
| **Specialty Retail - 1.6%** | **Specialty Retail - 1.6%** |  |
| Home Depot, Inc. | 8590 | 3270385 |
| O'Reilly Automotive, Inc. <sup>(a)</sup> | 5755 | 540280 |
| Ross Stores, Inc. | 2783 | 572296 |
| TJX Cos., Inc. | 9073 | 1466741 |
| Tractor Supply Co. | 8972 | 465109 |
| Ulta Beauty, Inc. <sup>(a)</sup> | 946 | 647811 |
| Williams-Sonoma, Inc. | 2716 | 558545 |
|  |  | 7521167 |
| **Technology Hardware, Storage & Peripherals - 6.0%** | **Technology Hardware, Storage & Peripherals - 6.0%** |  |
| Apple, Inc. | 101944 | 26931566 |
| NetApp, Inc. | 4381 | 433850 |
| Seagate Technology Holdings PLC | 1880 | 766739 |
| Super Micro Computer, Inc. <sup>(a)</sup> | 15197 | 492231 |
|  |  | 28624386 |
| **Telecommunication Services - 0.5%** | **Telecommunication Services - 0.5%** |  |
| T-Mobile US, Inc. | 10034 | 2178281 |
| **Textiles, Apparel & Luxury Goods - 0.3%** | **Textiles, Apparel & Luxury Goods - 0.3%** |  |
| Lululemon Athletica, Inc. <sup>(a)</sup> | 2760 | 511069 |
| Nike, Inc. - Class B | 10232 | 636226 |
| Ralph Lauren Corp. - Class A | 1345 | 487697 |
|  |  | 1634992 |
| **Tobacco - 0.7%** | **Tobacco - 0.7%** |  |
| Altria Group, Inc. | 12375 | 854370 |
| Philip Morris International, Inc. | 13649 | 2550043 |
|  |  | 3404413 |
| **Trading Companies & Distributors - 0.3%** | **Trading Companies & Distributors - 0.3%** |  |
| Fastenal Co. | 12256 | 564266 |
| United Rentals, Inc. | 603 | 506520 |
| WW Grainger, Inc. | 523 | 598694 |
|  |  | 1669480 |
| **Utilities - 1.5%** | **Utilities - 1.5%** |  |
| American Electric Power Co., Inc. | 4033 | 539696 |
| Consolidated Edison, Inc. | 4939 | 555736 |
| Duke Energy Corp. | 5738 | 750817 |
| Exelon Corp. | 10730 | 530813 |
| NextEra Energy, Inc. | 17631 | 1653259 |
| PG&E Corp. | 30944 | 587936 |
| Public Service Enterprise Group, Inc. | 5985 | 515129 |
| Southern Co. | 8064 | 785273 |
| WEC Energy Group, Inc. | 4400 | 514624 |
| Xcel Energy, Inc. | 6098 | 508329 |
|  |  | 6941612 |
| **Water Utilities - 0.1%** | **Water Utilities - 0.1%** |  |
| American Water Works Co., Inc. | 3737 | 508344 |
| **TOTAL COMMON STOCKS** (Cost $356,747,043) | **TOTAL COMMON STOCKS** (Cost $356,747,043) | 423375506 |
| **EXCHANGE TRADED FUNDS - 8.3%** | **Shares** | **Value**  |
| Roundhill Magnificent Seven ETF | 639355 | 39224429 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $40,853,508) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $40,853,508) | 39224429 |
| **REAL ESTATE INVESTMENT TRUSTS - 1.8%** | **Shares** | **Value**  |
| **Equity Real Estate Investment Trusts (REITs) - 0.1%** | **Equity Real Estate Investment Trusts (REITs) - 0.1%** |  |
| VICI Properties, Inc. | 17035 | 514627 |
| **Health Care REITs - 0.3%** | **Health Care REITs - 0.3%** |  |
| Welltower, Inc. | 5361 | 1110370 |
| **Industrial REITs - 0.2%** | **Industrial REITs - 0.2%** |  |
| Prologis, Inc. | 6927 | 987582 |
| **Residential REITs - 0.5%** | **Residential REITs - 0.5%** |  |
| AvalonBay Communities, Inc. | 2691 | 476926 |
| Equity Residential | 7978 | 504289 |
| Essex Property Trust, Inc. | 1870 | 477056 |
| Invitation Homes, Inc. | 17363 | 457342 |
| Mid-America Apartment Communities, Inc. | 3613 | 483636 |
|  |  | 2399249 |
| **Retail REITs - 0.1%** | **Retail REITs - 0.1%** |  |
| Simon Property Group, Inc. | 2628 | 535718 |
| **Specialized REITs - 0.6%** | **Specialized REITs - 0.6%** |  |
| American Tower Corp. | 3236 | 620859 |
| Equinix, Inc. | 651 | 634243 |
| Extra Space Storage, Inc. | 3680 | 555791 |
| Millrose Properties, Inc. | 1191 | 37350 |
| Public Storage | 1790 | 549637 |
| SBA Communications Corp. | 2519 | 506722 |
|  |  | 2904602 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $8,042,379) | **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $8,042,379) | 8452148 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.6%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.60% <sup>(d)</sup> | 2769241 | 2769241 |
| **TOTAL MONEY MARKET FUNDS** (Cost $2,769,241) | **TOTAL MONEY MARKET FUNDS** (Cost $2,769,241) | 2769241 |
| **TOTAL INVESTMENTS - 100.1% (**Cost $408,412,171**)** | **TOTAL INVESTMENTS - 100.1% (**Cost $408,412,171**)** | 473821324 |
| Liabilities in Excess of Other Assets - (0.1)% | Liabilities in Excess of Other Assets - (0.1)% | (323298) |
| **TOTAL NET ASSETS - 100.0%** |  | $473498026 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

(a) Non-income producing security.

(b) Represents less than 0.05% of net assets.

(c) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or
 0.0% of net assets as of February 28, 2026.

(d) The rate shown represents the 7-day annualized yield as of February 28, 2026.

------

#### Summary of Fair Value Disclosure as of February 28, 2026 (Unaudited)
Horizon Defensive Core Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

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

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

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

The following is a summary of the fair valuation hierarchy of the Fund's securities as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $423375506 | $– | $0 | $423375506 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 39224429 | – | – | 39224429 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts | 8452148 | – | – | 8452148 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 2769241 | – | – | 2769241 |
| Total Investments | $473821324 | $– | $0 | $473821324 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

---

| | |
|:---|:---|
| **Fair Value Measurement Using Significant Unobservable Inputs** | **<u>Level 3</u>** |
| Beginning balance as of November 30, 2025 | $0 |
| Ending balance as of February 28, 2026 | $0 |
|  | $0 |
| Change in unrealized appreciation/depreciation still held as of February 28, 2026 | $0 |
|  | 0 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Horizon Funds

- **b. Investment Company Act file number:** 811-23063

- **c. CIK number of Registrant:** 0001643174

- **d. LEI of Registrant:** 549300Q2NFSH0QP87Y93

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

  - **Street Address 1:** 6210 Ardrey Kell Road

  - **City:** Charlotte

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28277

  - **Telephone number:** 866-371-2399

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

- **a. Name of Series:** Horizon Defensive Core Fund

- **b. EDGAR series identifier (if any):** S000065863

- **c. LEI of Series:** 549300CPVEA74RHWCX71

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-28

**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:** $474252874.17

**Total Liabilities:** $587714.07

**Net Assets:** $473665160.10

**Cash Not Reported:** $85403.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000212785 | -0.31%               | 0.98%                | -1.07%               |
| Class ID C000212787 | -0.30%               | 0.94%                | -1.05%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1171138.82              | $-3367333.31                               |
| Month 2  | $179283.87               | $4592750.74                                |
| Month 3  | $2485013.84              | $-7759893.56                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| W R Berkley Corp               | W R Berkley Corp                           | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      6274 | NS      | $449845.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The             | Walt Disney Co/The                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     15171 | NS      | $1608732.84   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc             | HCA Healthcare Inc                         | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1609 | NS      | $852287.30    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                 | Hershey Co/The                             | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      2627 | NS      | $620707.56    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc  | Hilton Worldwide Holdings Inc              | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      1725 | NS      | $537820.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      8590 | NS      | $3270384.80   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      9852 | NS      | $2304284.28   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp           | Las Vegas Sands Corp                       | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |      7258 | NS      | $411673.76    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc            | Leidos Holdings Inc                        | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      2560 | NS      | $448256.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                    | Lennar Corp                                | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      3484 | NS      | $398430.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc       | Lennox International Inc                   | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      1012 | NS      | $576779.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc  | Live Nation Entertainment Inc              | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      3809 | NS      | $617591.26    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc        | Lululemon Athletica Inc                    | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |      2760 | NS      | $511069.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                  | M&T Bank Corp                              | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      2553 | NS      | $553949.94    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc       | Marsh & McLennan Cos Inc                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      3441 | NS      | $642572.34    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc  | Martin Marietta Materials Inc              | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |       792 | NS      | $535843.44    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      8076 | NS      | $4176987.96   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD          | McCormick & Co Inc/MD                      | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |      7315 | NS      | $519657.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The             | Trade Desk Inc/The                         | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     12506 | NS      | $297892.92    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc            | TransDigm Group Inc                        | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       366 | NS      | $476821.14    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The          | Travelers Cos Inc/The                      | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      1659 | NS      | $512033.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                    | Trimble Inc                                | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |      6043 | NS      | $404095.41    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp          | Truist Financial Corp                      | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     10543 | NS      | $519875.33    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                     | US Bancorp                                 | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      9975 | NS      | $545233.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc   | United Airlines Holdings Inc               | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      4949 | NS      | $526078.70    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc      | United Parcel Service Inc                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      5465 | NS      | $633721.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc             | United Rentals Inc                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       603 | NS      | $506520.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      7779 | NS      | $2281347.33   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc  | Universal Health Services Inc              | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      1998 | NS      | $411787.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                   | Veralto Corp                               | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |      4702 | NS      | $458115.86    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                   | VeriSign Inc                               | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      1915 | NS      | $436505.10    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc           | Verisk Analytics Inc                       | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      2195 | NS      | $455616.15    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Versant Media Group Inc        | Versant Media Group Inc                    | CUSIP: 925283103<br>LEI: 254900D2Q5F5F229PU30 | Long             | EC               | CORP              | US        |      1070 | NS      | $35652.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc     | Vertex Pharmaceuticals Inc                 | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1904 | NS      | $945964.32    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc            | VICI Properties Inc                        | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     17035 | NS      | $514627.35    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     17647 | NS      | $5649510.58   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      2879 | NS      | $500629.31    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co            | Vulcan Materials Co                        | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      1680 | NS      | $520800.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     76582 | NS      | $9798666.90   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc           | Waste Management Inc                       | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      2868 | NS      | $690729.12    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                  | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |      4021 | NS      | $2042989.68   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC         | Trane Technologies PLC                     | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |      1521 | NS      | $703188.72    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                | WW Grainger Inc                            | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |       523 | NS      | $598693.79    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1048 | NS      | $1597728.40   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc      | Keysight Technologies Inc                  | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      2534 | NS      | $778774.22    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp            | Kimberly-Clark Corp                        | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      4629 | NS      | $515855.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc      | L3Harris Technologies Inc                  | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      1772 | NS      | $645964.88    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                | Tyson Foods Inc                            | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      8620 | NS      | $560213.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc          | Uber Technologies Inc                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     17607 | NS      | $1327919.94   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                | Ulta Beauty Inc                            | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       946 | NS      | $647811.34    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      4610 | NS      | $1221557.80   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technol | Westinghouse Air Brake Technologies Corp   | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      2391 | NS      | $631104.45    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services I | West Pharmaceutical Services Inc           | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      1744 | NS      | $443568.96    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The           | Williams Cos Inc/The                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      8254 | NS      | $616738.88    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc            | Williams-Sonoma Inc                        | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      2716 | NS      | $558545.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                            | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      6098 | NS      | $508329.28    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                   | Xylem Inc/NY                               | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      3444 | NS      | $446204.64    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                | Yum! Brands Inc                            | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      3188 | NS      | $536094.08    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc     | Zimmer Biomet Holdings Inc                 | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      5075 | NS      | $499583.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                     | Zoetis Inc                                 | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      3804 | NS      | $498704.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC       | Willis Towers Watson PLC                   | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | GB        |      1522 | NS      | $464468.74    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories            | Abbott Laboratories                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     14706 | NS      | $1711043.10   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     16188 | NS      | $3756911.04   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ABIOMED INC                    | ABIOMED INC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       239 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      3285 | NS      | $862016.85    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     15377 | NS      | $3078629.17   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc       | Agilent Technologies Inc                   | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |      3102 | NS      | $376520.76    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                     | Airbnb Inc                                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      4125 | NS      | $557328.75    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc | Air Products and Chemicals Inc             | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      1892 | NS      | $521567.64    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The              | Allstate Corp/The                          | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      2291 | NS      | $491465.32    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I | PNC Financial Services Group Inc/The       | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      2530 | NS      | $537245.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc             | PPG Industries Inc                         | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      4895 | NS      | $603406.65    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                       | PPL Corp                                   | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     13483 | NS      | $525567.34    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     21342 | NS      | $3568382.40   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The           | Progressive Corp/The                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      4697 | NS      | $1003561.02   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                   | Prologis Inc                               | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      6927 | NS      | $987582.39    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                | TJX Cos Inc/The                            | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      9073 | NS      | $1466741.18   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                | T-Mobile US Inc                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     10034 | NS      | $2178281.06   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                    | Target Corp                                | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      5677 | NS      | $645985.83    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc      | Teledyne Technologies Inc                  | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       984 | NS      | $670202.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                   | Teradyne Inc                               | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      2938 | NS      | $940248.14    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     15450 | NS      | $6218779.50   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp        | Texas Pacific Land Corp                    | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1722 | NS      | $902827.38    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc   | Thermo Fisher Scientific Inc               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      3151 | NS      | $1642017.61   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co              | Tractor Supply Co                          | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      8972 | NS      | $465108.48    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC            | TE Connectivity PLC                        | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |      2208 | NS      | $508171.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc | American Electric Power Co Inc             | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      4033 | NS      | $539696.06    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co            | American Express Co                        | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      5785 | NS      | $1786986.50   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp            | American Tower Corp                        | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      3236 | NS      | $620858.96    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc    | American Water Works Co Inc                | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      3737 | NS      | $508344.11    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                     | AMETEK Inc                                 | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      2485 | NS      | $594461.70    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                  | Amphenol Corp                              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      9692 | NS      | $1415613.52   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                       | CSX Corp                                   | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     14037 | NS      | $599239.53    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc             | Coterra Energy Inc                         | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     18939 | NS      | $579344.01    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      4106 | NS      | $4150303.74   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc               | CoStar Group Inc                           | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |      7160 | NS      | $319550.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc       | Crowdstrike Holdings Inc                   | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1966 | NS      | $731312.68    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                    | Cummins Inc                                | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |       995 | NS      | $580950.65    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                   | Danaher Corp                               | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      5666 | NS      | $1193486.24   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc         | Darden Restaurants Inc                     | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      2742 | NS      | $586376.70    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp              | Devon Energy Corp                          | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     13686 | NS      | $595751.58    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                     | Dexcom Inc                                 | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      7930 | NS      | $582299.90    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc         | Diamondback Energy Inc                     | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      3349 | NS      | $582993.92    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                | Dollar Tree Inc                            | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      4661 | NS      | $589523.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                     | Dover Corp                                 | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      2637 | NS      | $594643.50    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc         | T Rowe Price Group Inc                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      4865 | NS      | $460374.95    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc          | Robinhood Markets Inc                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      6068 | NS      | $460257.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc        | Rockwell Automation Inc                    | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      1255 | NS      | $511349.75    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                    | Rollins Inc                                | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |      7994 | NS      | $486754.66    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc         | Roper Technologies Inc                     | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      1100 | NS      | $384703.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                       | AT&T Inc                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     59827 | NS      | $1675754.27   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    101944 | NS      | $26931565.92  | 5.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      6186 | NS      | $2303047.80   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co      | Archer-Daniels-Midland Co                  | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      8230 | NS      | $568199.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc            | Arista Networks Inc                        | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      9958 | NS      | $1329393.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp              | Atmos Energy Corp                          | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      2826 | NS      | $527868.54    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                   | Autodesk Inc                               | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      1655 | NS      | $406914.85    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc  | Automatic Data Processing Inc              | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      2930 | NS      | $628074.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc      | AvalonBay Communities Inc                  | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      2691 | NS      | $476925.93    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc            | Axon Enterprise Inc                        | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       922 | NS      | $500092.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                | Baker Hughes Co                            | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9917 | NS      | $647183.42    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                   | Synopsys Inc                               | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1230 | NS      | $509220.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                     | Sysco Corp                                 | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      6464 | NS      | $589258.24    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp           | Targa Resources Corp                       | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      2876 | NS      | $678160.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                  | CME Group Inc                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      2663 | NS      | $850828.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp      | Cincinnati Financial Corp                  | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |      2898 | NS      | $475214.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     35215 | NS      | $2798183.90   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2663 | NS      | $535609.19    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      4910 | NS      | $1196026.90   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc           | Howmet Aerospace Inc                       | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      2664 | NS      | $699379.92    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                    | Hubbell Inc                                | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      1141 | NS      | $583769.83    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc | JB Hunt Transport Services Inc             | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |      2856 | NS      | $666618.96    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc         | IDEXX Laboratories Inc                     | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       645 | NS      | $423590.85    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc        | Illinois Tool Works Inc                    | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      1970 | NS      | $572541.10    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                    | Incyte Corp                                | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      4636 | NS      | $469487.72    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc             | Ingersoll Rand Inc                         | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |      6177 | NS      | $581502.78    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                   | Insulet Corp                               | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      1499 | NS      | $369668.39    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc  | Interactive Brokers Group Inc              | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      7801 | NS      | $555353.19    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc  | Intercontinental Exchange Inc              | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      3921 | NS      | $643553.73    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      2319 | NS      | $948540.57    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc         | Intuitive Surgical Inc                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      2926 | NS      | $1473270.26   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc           | Invitation Homes Inc                       | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17363 | NS      | $457341.42    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc             | IQVIA Holdings Inc                         | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |      2106 | NS      | $376573.86    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     22105 | NS      | $5491545.15   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                        | Aon PLC                                    | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | GB        |      1399 | NS      | $469322.53    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd         | Arch Capital Group Ltd                     | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |      5220 | NS      | $522783.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                      | Aptiv PLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |      6414 | NS      | $471685.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     68068 | NS      | $21220879.68  | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc               | Altria Group Inc                           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     12375 | NS      | $854370.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     68414 | NS      | $14366940.00  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                    | Ameren Corp                                | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      4678 | NS      | $529923.84    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc            | Elevance Health Inc                        | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      1458 | NS      | $466560.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp             | Expand Energy Corp                         | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      4239 | NS      | $457472.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc              | EOG Resources Inc                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      4648 | NS      | $576723.84    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                       | EQT Corp                                   | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      8657 | NS      | $531712.94    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                     | Ecolab Inc                                 | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      1782 | NS      | $549479.70    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International           | Edison International                       | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      8318 | NS      | $621687.32    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp      | Edwards Lifesciences Corp                  | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |      5647 | NS      | $488296.09    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                | EMCOR Group Inc                            | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       813 | NS      | $589116.06    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                    | Equinix Inc                                | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       651 | NS      | $634243.26    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential             | Equity Residential                         | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |      7978 | NS      | $504289.38    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                  | DR Horton Inc                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      3184 | NS      | $510681.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                  | DTE Energy Co                              | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      3606 | NS      | $534553.44    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp               | Duke Energy Corp                           | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      5738 | NS      | $750817.30    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc          | DuPont de Nemours Inc                      | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     12622 | NS      | $631604.88    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc        | Extra Space Storage Inc                    | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3680 | NS      | $555790.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     40339 | NS      | $6151697.50   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                | Fair Isaac Corp                            | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       274 | NS      | $386164.64    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                    | Fastenal Co                                | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     12256 | NS      | $564266.24    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Roundhill Magnificent Seven ET | Roundhill Magnificent Seven ETF            | CUSIP: 53656G498<br>LEI: 549300XYABGAKA0WAI17 | Long             | EC               | RF                | US        |    639355 | NS      | $39224429.25  | 8.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                | Ross Stores Inc                            | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      2783 | NS      | $572296.12    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                 | S&P Global Inc                             | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      2478 | NS      | $1094978.64   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      8038 | NS      | $1565722.02   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co              | Erie Indemnity Co                          | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |      1655 | NS      | $445923.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc       | Essex Property Trust Inc                   | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      1870 | NS      | $477055.70    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                     | Evergy Inc                                 | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      6403 | NS      | $535674.98    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy              | Eversource Energy                          | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |      7416 | NS      | $565173.36    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                    | Exelon Corp                                | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     10730 | NS      | $530813.10    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc              | Expedia Group Inc                          | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1908 | NS      | $411536.52    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Wa | Expeditors International of Washington Inc | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      3325 | NS      | $482224.75    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                     | FedEx Corp                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      1790 | NS      | $692730.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp            | Fifth Third Bancorp                        | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     11304 | NS      | $559208.88    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   2683837 | NS      | $2683837.11   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                 | NRG Energy Inc                             | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      3002 | NS      | $537237.92    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                        | NVR Inc                                    | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |        67 | NS      | $503691.93    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      7406 | NS      | $962780.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                      | News Corp                                  | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |     19125 | NS      | $464546.25    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                         | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     17631 | NS      | $1653258.87   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                       | NIKE Inc                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     10232 | NS      | $636225.76    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                   | NiSource Inc                               | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     11378 | NS      | $538179.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                     | Nucor Corp                                 | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      3132 | NS      | $553988.16    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    184624 | NS      | $32713526.56  | 6.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                  | Ford Motor Co                              | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     37097 | NS      | $522696.73    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                   | Fortinet Inc                               | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      6068 | NS      | $479554.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                   | Fortive Corp                               | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |      9228 | NS      | $546297.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                       | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     11918 | NS      | $811377.44    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      8598 | NS      | $9045010.02   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Grou | Public Service Enterprise Group Inc        | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      5985 | NS      | $515128.95    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                 | Public Storage                             | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      1790 | NS      | $549637.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Qnity Electronics Inc          | Qnity Electronics Inc                      | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |      6228 | NS      | $789461.28    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      8848 | NS      | $1259601.28   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      1103 | NS      | $621077.24    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc        | O'Reilly Automotive Inc                    | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      5755 | NS      | $540279.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc  | Old Dominion Freight Line Inc              | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      3654 | NS      | $741944.70    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc          | Quest Diagnostics Inc                      | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      2541 | NS      | $538463.31    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp              | Ralph Lauren Corp                          | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      1345 | NS      | $487697.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc  | Regeneron Pharmaceuticals Inc              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       666 | NS      | $520592.22    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp         | Regions Financial Corp                     | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     19207 | NS      | $534530.81    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc          | Republic Services Inc                      | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      2249 | NS      | $515021.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                     | ResMed Inc                                 | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      1914 | NS      | $490481.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                 | Eaton Corp PLC                             | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |      3024 | NS      | $1136782.08   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                     | Garmin Ltd                                 | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |      2543 | NS      | $642946.69    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc              | Omnicom Group Inc                          | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      6717 | NS      | $572892.93    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     29392 | NS      | $4273596.80   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                     | PACCAR Inc                                 | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      4662 | NS      | $587831.58    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America      | Packaging Corp of America                  | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      2439 | NS      | $566189.46    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     20969 | NS      | $2876737.11   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp           | Parker-Hannifin Corp                       | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       917 | NS      | $925418.06    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc            | PayPal Holdings Inc                        | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      7966 | NS      | $368108.86    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp        | SBA Communications Corp                    | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      2519 | NS      | $506722.04    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                        | SLB Ltd                                    | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     13688 | NS      | $702741.92    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      8476 | NS      | $915492.76    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The        | Sherwin-Williams Co/The                    | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      1638 | NS      | $593922.42    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc       | Simon Property Group Inc                   | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      2628 | NS      | $535717.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                    | Snap-on Inc                                | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      1442 | NS      | $555487.24    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                | Southern Co/The                            | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      8064 | NS      | $785272.32    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                 | Starbucks Corp                             | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      8018 | NS      | $785924.36    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc             | Steel Dynamics Inc                         | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      2959 | NS      | $571471.67    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                   | Stryker Corp                               | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      2975 | NS      | $1152693.50   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc       | Super Micro Computer Inc                   | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |     15197 | NS      | $492230.83    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial            | Synchrony Financial                        | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      6385 | NS      | $441267.35    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL | Seagate Technology Holdings PLC            | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | US        |      1880 | NS      | $766739.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit Westrock PLC           | Smurfit Westrock PLC                       | CUSIP: N/A<br>LEI: 635400EGSEOPDW2EXS14       | Long             | EC               | CORP              | IE        |     14069 | NS      | $661383.69    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                     | STERIS PLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1831 | NS      | $462052.85    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV          | NXP Semiconductors NV                      | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |      2557 | NS      | $580464.57    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     65031 | NS      | $3240494.73   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co          | Becton Dickinson & Co                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      2513 | NS      | $443494.24    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                     | Biogen Inc                                 | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      2690 | NS      | $515995.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                 | Blackstone Inc                             | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      5326 | NS      | $603808.62    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                  | Blackrock Inc                              | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      1245 | NS      | $1323721.35   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc           | Booking Holdings Inc                       | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       249 | NS      | $1055598.15   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp         | Boston Scientific Corp                     | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     11542 | NS      | $887002.70    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions | Broadridge Financial Solutions Inc         | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      2146 | NS      | $398877.02    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     41457 | NS      | $13247584.35  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc              | Brown & Brown Inc                          | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      6102 | NS      | $438245.64    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc        | Cboe Global Markets Inc                    | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      1909 | NS      | $572165.48    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                 | CBRE Group Inc                             | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      3018 | NS      | $445637.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc     | Cadence Design Systems Inc                 | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      1880 | NS      | $566632.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      4057 | NS      | $3013661.31   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18394 | NS      | $3435263.44   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc     | Chipotle Mexican Grill Inc                 | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |     14758 | NS      | $549292.76    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc         | Church & Dwight Co Inc                     | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      5823 | NS      | $610599.78    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The        | Charles Schwab Corp/The                    | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     14783 | NS      | $1407341.60   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     14290 | NS      | $9262492.20   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      6124 | NS      | $2088651.44   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                      | Chubb Ltd                                  | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |      3051 | NS      | $1039963.86   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     19898 | NS      | $2463770.36   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International I | Mettler-Toledo International Inc           | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       328 | NS      | $448274.32    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     52613 | NS      | $20663229.62  | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      8878 | NS      | $3661020.86   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit | Mid-America Apartment Communities Inc      | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |      3613 | NS      | $483636.18    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc        | Millrose Properties Inc                    | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1191 | NS      | $37349.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc     | Mondelez International Inc                 | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      8710 | NS      | $536361.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc   | Monolithic Power Systems Inc               | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       547 | NS      | $625078.78    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp          | Monster Beverage Corp                      | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      6578 | NS      | $561103.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                   | Moody's Corp                               | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      1219 | NS      | $582182.21    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc         | Motorola Solutions Inc                     | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      1321 | NS      | $637065.46    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                  | Medtronic PLC                              | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |      9635 | NS      | $940954.10    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                | CMS Energy Corp                            | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      6572 | NS      | $513076.04    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     38362 | NS      | $3128804.72   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co           | Colgate-Palmolive Co                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      6157 | NS      | $610404.98    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                   | Comcast Corp                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     26755 | NS      | $828334.80    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                 | ConocoPhillips                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      9517 | NS      | $1079798.82   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc        | Consolidated Edison Inc                    | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      4939 | NS      | $555736.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc       | Constellation Brands Inc                   | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      3720 | NS      | $587239.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      2361 | NS      | $778846.68    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     12509 | NS      | $476467.81    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                     | Corpay Inc                                 | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      1683 | NS      | $547143.30    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                    | Corteva Inc                                | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      7388 | NS      | $591926.56    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp          | General Dynamics Corp                      | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      1934 | NS      | $690534.70    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc              | General Mills Inc                          | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     10449 | NS      | $472608.27    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     25602 | NS      | $7688280.60   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc           | Keurig Dr Pepper Inc                       | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     18159 | NS      | $549854.52    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                        | KeyCorp                                    | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     26595 | NS      | $551580.30    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc           | WEC Energy Group Inc                       | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      4400 | NS      | $514624.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co              | General Motors Co                          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      6713 | NS      | $528380.23    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co               | Genuine Parts Co                           | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      3791 | NS      | $452114.66    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                    | Waters Corp                                | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      1537 | NS      | $490823.74    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co               | Wells Fargo & Co                           | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     27090 | NS      | $2206480.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc            | Gilead Sciences Inc                        | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     10116 | NS      | $1506778.20   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc            | Global Payments Inc                        | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |      6619 | NS      | $506088.74    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                  | Welltower Inc                              | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      5361 | NS      | $1110370.32   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                 | Halliburton Co                             | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     19123 | NS      | $688428.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/T | Hartford Insurance Group Inc/The           | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      3553 | NS      | $500368.99    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                       | MSCI Inc                                   | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       872 | NS      | $498635.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                     | Nasdaq Inc                                 | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      5480 | NS      | $479938.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                     | NetApp Inc                                 | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      4381 | NS      | $433850.43    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     39934 | NS      | $3843248.16   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                      | PG&E Corp                                  | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     30944 | NS      | $587936.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     11832 | NS      | $2008363.68   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     13649 | NS      | $2550042.67   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                    | Pentair PLC                                | CUSIP: N/A<br>LEI: 549300EVR9D56WPSRP15       | Long             | EC               | CORP              | GB        |      4628 | NS      | $459051.32    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-29

**Name of Applicant:** Horizon Funds

**Signature:** /s/ Stephen Terry

**Name of Signer:** Stephen Terry

**Title:** Chief Financial Officer