# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000940400-26-022842
**Filing Date:** 2026-6
**Character Count:** 220749
**Document Hash:** d0d603489bda7cd515af1ba08160b8c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022842.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022842

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYDEX VARIABLE TRUST
- **CENTRAL INDEX KEY:** 0001064046

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08821
- **FILM NUMBER:** 261048518

**BUSINESS ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 301-296-5100

**MAIL ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

## Series and Classes Contracts Data

### Multi-Hedge Strategies Fund (Series ID: S000003747)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010416 | Variable Annuity |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Rydex Variable Trust

- **b. Investment Company Act file number:** 811-08821

- **c. CIK number of Registrant:** 0001064046

- **d. LEI of Registrant:** 549300LJH0YR8RY3N305

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

  - **Street Address 1:** 702 KING FARM BOULEVARD

  - **City:** ROCKVILLE

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 301-296-5100

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

- **a. Name of Series:** Multi-Hedge Strategies Fund

- **b. EDGAR series identifier (if any):** S000003747

- **c. LEI of Series:** 549300IFURUIAKS87F05

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

- **a. Date of fiscal year-end:** 2026-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $30435837.38

**Total Liabilities:** $4731947.46

**Net Assets:** $25703889.92

**Amount of Assets Invested in Other Investment Companies:** $1769002.59

**Cash Not Reported:** $7523521.03

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 816.86385150 | **5-Year:** 341.92750840 | **10-Year:** -49.28222780 | **30-Year:** -1.19401090

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

- **3-Month:** 0.00000000 | **1-Year:** -3.35612940 | **5-Year:** -8.76855290 | **10-Year:** 0.50743980 | **30-Year:** 0.57336910

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010416 | 1.87%                | 1.84%                | 0.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $58200.00                | $16370.70                                  |
| Month 2  | $80653.41                | $42590.49                                  |
| Month 3  | $22218.44                | $-28553.67                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Clearwater Analytics Holdings Inc                                | Clearwater Analytics Holdings Inc CL A                                                        | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4852 | NS      | $114749.80    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS VISTEON CORP                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8644.51     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| INVESCO EXCHANGE-TRADED FUND TRUST II                            | Invesco Exchange Traded Fund Trust II SR LN ETF                                               | CUSIP: 46138G508<br>LEI: O540V2L4S174Y60FMD36 | Short            | EC               | RF                | US        |      -766 | NS      | $-15634.06    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Multi Asset Income Fund                                   | Nuveen Multi Asset Income Fund COM                                                            | CUSIP: 670750108<br>LEI: 549300VLJPKC3DNIJ668 | Long             | EC               | RF                | US        |       205 | NS      | $2542.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PENN ENTERTAINMENT INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2290.23     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CORE LABORATORIES INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4914.73      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Asset Managed Municipals Fund Inc.                       | Western Asset Managed Municipals Fund Inc.                                                    | CUSIP: 95766M105<br>LEI: 549300HVO8EY2T8K4F73 | Long             | EC               | RF                | US        |       225 | NS      | $2313.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INTERNATIONAL GROWTH AND INCOME TRUST                  | BlackRock Enhanced International Dividend Trust COM BENE INTER                                | CUSIP: 092524107<br>LEI: N/A                  | Long             | EC               | RF                | US        |       387 | NS      | $2093.67      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Taxable Municipal Bond Trust                           | BlackRock Taxable Municipal Bond Trust SHS                                                    | CUSIP: 09248X100<br>LEI: SNYX4R2CEK5Q5D25DZ39 | Long             | EC               | RF                | US        |       143 | NS      | $2312.31      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS RUSH ENTERPRISES INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3143.60     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Duff & Phelps Utility & Infrastructure Fund Inc.                 | Duff & Phelps Utility & Infrastructure Fund Inc.                                              | CUSIP: 26433C105<br>LEI: 549300SY2NYDO23RIE89 | Long             | EC               | RF                | US        |      2435 | NS      | $35161.40     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Flaherty & Crumrine Dynamic Preferred & Income Fund Inc          | Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated                            | CUSIP: 33848W106<br>LEI: 254900BPH613QBWQO237 | Long             | EC               | RF                | US        |       125 | NS      | $2508.75      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS GRAHAM HOLDINGS CO                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4238.27     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK VA MUN BD TR                                           | BLACKROCK VA MUN BD TR COM                                                                    | CUSIP: 092481100<br>LEI: 4IZPPYU1X29MB3106N40 | Long             | EC               | RF                | US        |       258 | NS      | $2672.88      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ARCH CAPITAL GROUP LTD                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2197.91      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS LUMEN TECHNOLOGIES INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5199.20      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS VIPER ENERGY INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-15923.27    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PAGERDUTY INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-18582.50    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                        | LME ZINC FUTURE MAY26                                                                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $4294.44      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Investment Grade Opportunity Trust Inc.            | Western Asset Investment Grade Opportunity Trust Inc.                                         | CUSIP: 95790A101<br>LEI: 549300V54JNCB3KS3P74 | Long             | EC               | RF                | US        |       145 | NS      | $2333.05      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Enhanced Equity Income Fund                          | First Trust Enhanced Equity Income Fund                                                       | CUSIP: 337318109<br>LEI: 549300FW1TTV8W8GAV91 | Long             | EC               | RF                | US        |       109 | NS      | $2223.60      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                                           | Cotton No. 2 Futures - NYCC                                                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         9 | NC      | $21061.41     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS WELLTOWER INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1468.11      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                 | Japanese Yen Futures, Jun-2026,ETH                                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        13 | NC      | $-2204.21     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Credit Suisse High Yield Credit Fund                             | Credit Suisse High Yield Credit Fund SH BEN INT                                               | CUSIP: 22544F103<br>LEI: 549300R9HE7C1IL42N58 | Long             | EC               | RF                | US        |       918 | NS      | $1744.20      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                        | LME ZINC FUTURE APR26                                                                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-3681.96     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CIRRUS LOGIC INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $26451.62     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                 | E-mini S&P MidCap 400 Index Futures, Jun-2026,ETH                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |         1 | NC      | $2623.33      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                 | E-mini Nasdaq-100 Futures, Jun-2026,ETH                                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |         1 | NC      | $-9981.99     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | Soybean Futures, Nov-2026,ETH                                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |         8 | NC      | $16322.18     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen S&P 500 Dynamic Overwrite Fund                            | Nuveen S&P 500 Dynamic Overwrite Fund COM                                                     | CUSIP: 6706EW100<br>LEI: 549300OISXORNCZINQ77 | Long             | EC               | RF                | US        |      4763 | NS      | $76546.70     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Bond Fund                                                | Invesco Bond Fund COM                                                                         | CUSIP: 46132L107<br>LEI: MN4XNOJY2YRWNLRTWX16 | Long             | EC               | RF                | US        |       155 | NS      | $2325.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Multi-Sector Income Tr                                 | Blackrock Multi-Sector Income Tr COM                                                          | CUSIP: 09258A107<br>LEI: 549300BOVTR6GS7HLC41 | Long             | EC               | RF                | US        |       388 | NS      | $4857.76      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SHERWIN-WILLIAMS                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $10836.51     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuveen Core Plus Impact Fund                                     | Nuveen Core Plus Impact Fund COM BEN INT                                                      | CUSIP: 67080D103<br>LEI: 549300N1H1AJ1P7VEI64 | Long             | EC               | RF                | US        |       483 | NS      | $4921.77      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS LGI HOMES INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $11684.20     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS NEWMONT CORP                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $20603.78     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BANK OF AMERICA CORP                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1713.63     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Barings Global Short Duration High Yield Fund                    | Barings Global Short Duration High Yield Fund COM                                             | CUSIP: 06760L100<br>LEI: 549300WWIZCL845OP089 | Long             | EC               | RF                | US        |       188 | NS      | $2568.08      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CLEARWAY ENERGY INC                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $14679.86     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SELECT WATER SOLUTIONS INC                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3079.36     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MFS Multimkt In Tr                                               | MFS Multimkt In Tr SH BEN INT                                                                 | CUSIP: 552737108<br>LEI: WJEDYZGROW7MJ1187O21 | Long             | EC               | RF                | US        |       508 | NS      | $2346.96      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS NORTHRIM BANCORP INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $427.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS COMCAST CORP                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1199.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Series Trust                                                | SPDR Series Trust STATE STREET SPDR S&P BIOTECH ETF                                           | CUSIP: 78464A870<br>LEI: 5493004JVD6CQEEJSS37 | Short            | EC               | RF                | US        |       -95 | NS      | $-12134.35    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SENECA FOODS CORP                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3077.45      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS INCYTE CORP                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $9685.91      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Asset Global Corporate Opportunity Fund Inc.             | Western Asset Global Corporate Opportunity Fund Inc.                                          | CUSIP: 95790C107<br>LEI: 5493006E69SZBMSGUS66 | Long             | EC               | RF                | US        |       210 | NS      | $2259.60      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK MUN TARGET TERM TR                                     | BLACKROCK MUN TARGET TERM TR COM SHS BEN IN                                                   | CUSIP: 09257P105<br>LEI: 3UOUT0TVSWH2MLU2XJ29 | Long             | EC               | RF                | US        |       217 | NS      | $4925.90      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE FUTURES EXCHANGE, LLC                                       | CBOE VOLATILITY INDEX (VX) FUTURES, Sep-2026,ETH                                              | CUSIP: 000000000<br>LEI: 254900O9GJPIWCP8RH13 | N/A              | DE               | CORP              | US        |        17 | NC      | $-5089.28     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SYNCHRONY FINANCIAL                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6449.96      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS DOW INC                                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-30752.06    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Trust                                                    | iShares Core High Dividend ETF                                                                | CUSIP: 46429B663<br>LEI: 549300M7WVLJWAVPDO86 | Short            | EC               | RF                | US        |       -35 | NS      | $-4750.20     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| SELECT SECTOR SPDR TRUST (THE)                                   | Select Sector Spdr Trust STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF                      | CUSIP: 81369Y209<br>LEI: 5493008JJKIPMEX3CO91 | Short            | EC               | RF                | US        |       -92 | NS      | $-13488.12    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS AT&T INC                                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $22109.58     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| MasterBrand Inc                                                  | MasterBrand Inc COMMON STOCK                                                                  | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Short            | EC               | CORP              | US        |    -12437 | NS      | $-103351.47   | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SAIA INC                                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3776.99      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty All Star Growth Fund Inc.                                | Liberty All Star Growth Fund Inc. COM                                                         | CUSIP: 529900102<br>LEI: 54930046Y8IF3CB2AL60 | Long             | EC               | RF                | US        |       479 | NS      | $2275.25      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS VERIZON COMMUNICATIONS INC                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $20312.55     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sealed Air Corp.                                                 | Sealed Air Corp. COM                                                                          | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |      5644 | NS      | $237330.20    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS OGE ENERGY CORP                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2004.74     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CATALYST PHARMACEUTICALS INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $15198.25     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Clough Global Equity Fund                                        | Clough Global Equity Fund COM                                                                 | CUSIP: 18914C100<br>LEI: 549300SI1THLT6A9J147 | Long             | EC               | RF                | US        |      4348 | NS      | $32740.44     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BREAD FINANCIAL HOLDINGS INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13225.59     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                 | E-mini Russell 2000 Index Futures, Jun-2026,ETH                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        -1 | NC      | $448.01       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS JACKSON FINANCIAL INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $9852.09      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -2 | NC      | $660.48       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS NATURAL GAS SERVICES GROUP INC                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4614.76     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CAPRI HOLDINGS LTD                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5167.04      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS LIFESTYLE PROPERTIES INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-648.89      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                 | Canadian Dollar Futures, Jun-2026,ETH                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |       -26 | NC      | $23544.24     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW Germany Fund                                                 | NEW Germany Fund COM                                                                          | CUSIP: 644465106<br>LEI: 549300TPS2RTTJ8O3C08 | Long             | EC               | RF                | US        |      1824 | NS      | $18641.28     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                        | LME NICKEL FUTURE APR26                                                                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-3949.97     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| DigitalBridge Group Inc                                          | DigitalBridge Group Inc CL A NEW                                                              | CUSIP: 25401T603<br>LEI: 549300XG87L902AGBO89 | Long             | EC               | CORP              | US        |     16917 | NS      | $260860.14    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Royce Small Cap Trust Inc                                        | Royce Small Cap Trust Inc COM                                                                 | CUSIP: 780910105<br>LEI: 254900NJE1W1YYKNVM16 | Long             | EC               | RF                | US        |       130 | NS      | $2158.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DAY ONE BIOPHARMACEUTICALS INC                                   | Day One Biopharmaceuticals Inc. COM                                                           | CUSIP: 23954D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3630 | NS      | $77827.20     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BROOKFIELD INFRASTRUCTURE CORP                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5663.99     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS FTI CONSULTING                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4222.25     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS JETBLUE AIRWAYS                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5149.72      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | U.S. Treasury Bond Futures, Jun-2026,ETH                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -5 | NC      | $1475.60      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EATON VANCE MUNICIPAL INCOME TRUST                               | Eaton Vance Floating Rate Income Trust COM                                                    | CUSIP: 278279104<br>LEI: 549300DINBO2K1M6KL63 | Long             | EC               | RF                | US        |       219 | NS      | $2349.87      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                        | LME ZINC FUTURE MAY26                                                                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |        -1 | NC      | $-4905.31     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS AIR PRODUCTS AND CHEMICALS INC                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-605.89      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS DUKE ENERGY CORP                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1219.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK MUNIYIELD QUALITY FD INC                               | BLACKROCK MUNIYIELD QUALITY FD INC COM                                                        | CUSIP: 09254F100<br>LEI: TFKEE3VA3GBE5LOK5U77 | Long             | EC               | RF                | US        |       434 | NS      | $4765.32      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS MUN INCOME TR                                                | MFS MUN INCOME TR SH BEN INT                                                                  | CUSIP: 552738106<br>LEI: GV4WN51HRTKYT6CV5890 | Long             | EC               | RF                | US        |      2109 | NS      | $11367.51     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS FEDERAL AGRICULTURAL MORTGAGE CORP                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2582.47      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuveen Global High Income Fund                                   | Nuveen Global High Income Fund SHS                                                            | CUSIP: 67075G103<br>LEI: 549300I4IAH7O6ZZEH53 | Long             | EC               | RF                | US        |       398 | NS      | $4863.56      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI SA - CVR                                                  | SANOFI SA - CVR                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2004 | NS      | $0.20         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS HARMONY BIOSCIENCES HOLDINGS                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-10850.02    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS OSHKOSH CORP                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $10889.12     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS KRONOS WORLDWIDE INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-17356.55    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Proassurance Corp                                                | Proassurance Corp COM                                                                         | CUSIP: 74267C106<br>LEI: 54930015E5J57R675E89 | Long             | EC               | CORP              | US        |     12998 | NS      | $321310.56    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CHIMERA INVESTMENT CORP                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2281.73     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Blackrock Res & Commdities Strgy Tr                              | Blackrock Res & Commdities Strgy Tr SHS                                                       | CUSIP: 09257A108<br>LEI: 8DZAUY8151XS5PISSX42 | Long             | EC               | RF                | US        |       214 | NS      | $2578.70      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Lakes Dredge & Dock Corporation                            | Great Lakes Dredge & Dock Corporation COM                                                     | CUSIP: 390607109<br>LEI: 549300H65E3MZ1CX0P05 | Long             | EC               | CORP              | US        |      7000 | NS      | $119000.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS EXPONENT INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7343.39      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS LINCOLN NATIONAL CORP                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1155.40     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Trust                                                    | iShares Trust MSCI EAFE ETF                                                                   | CUSIP: 464287465<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |     -1005 | NS      | $-97615.65    | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                                                | SPDR Series Trust STATE STREET SPDR NUVEEN ICE HIGH YIELD MUNICIPAL BOND ETF                  | CUSIP: 78464A284<br>LEI: 5493004JVD6CQEEJSS37 | Short            | EC               | RF                | US        |     -6152 | NS      | $-152569.60   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.                               | Henry Hub Natural Gas Futures, May-2026,ETH                                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         2 | NC      | $-4465.30     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Cohen & Steers Real Estate Opportunities and Income Fund         | Cohen & Steers Real Estate Opportunities and Income Fund COMMON SHARES OF BENEFICIAL INTEREST | CUSIP: 19249Q103<br>LEI: 549300ONH3DDNHP10S74 | Long             | EC               | RF                | US        |       329 | NS      | $4783.66      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Inc.                                                     | Compass Inc. CL A                                                                             | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Short            | EC               | CORP              | US        |     -7694 | NS      | $-56243.14    | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS FRESHPET INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7717.06      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty All Star                                                 | Liberty All Star SH BEN INT                                                                   | CUSIP: 530158104<br>LEI: 549300DLV755RNHI1N92 | Long             | EC               | RF                | US        |       414 | NS      | $2297.70      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Health Sciences Term Trust                             | BlackRock Health Sciences Term Trust COM SHS                                                  | CUSIP: 09260E105<br>LEI: 549300FGMK4EGHSK8N86 | Long             | EC               | RF                | US        |      2390 | NS      | $34320.40     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                                           | Cotton No. 2 Futures - NYCC                                                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |       -16 | NC      | $-12500.77    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories, Inc.                                       | Silicon Laboratories, Inc. COM                                                                | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |       924 | NS      | $192330.60    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ALLISON TRANSMISSION HOLDINGS INC                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $14693.20     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Asset Global High Income Fund Inc.                       | Western Asset Global High Income Fund Inc.                                                    | CUSIP: 95766B109<br>LEI: 549300JWVV1XIQ66WD13 | Long             | EC               | RF                | US        |       420 | NS      | $2478.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MAPLEBEAR INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $376.48       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                 | Swiss Franc Futures, Jun-2026,ETH                                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        -9 | NC      | $35718.53     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BIOGEN INC                                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $18840.93     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuveen Real Estate Income Fund, Inc.                             | Nuveen Real Estate Income Fund, Inc. COM                                                      | CUSIP: 67071B108<br>LEI: LXJVVL0330BRT3R7PH61 | Long             | EC               | RF                | US        |       638 | NS      | $4759.48      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MILLROSE PROPERTIES INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2750.08      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Virtus Artificial Intelligence & Technology Opportunities Fund   | Virtus Artificial Intelligence & Technology Opportunities Fund                                | CUSIP: 92838Y100<br>LEI: 549300ZE8QERJKXOVW89 | Long             | EC               | RF                | US        |        96 | NS      | $2055.36      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NYLI CBRE Global Infrastructure Megatrends Term Fund             | NYLI CBRE Global Infrastructure Megatrends Term Fund COM                                      | CUSIP: 56064Q107<br>LEI: 549300TWA0SUTWA4FE65 | Long             | EC               | RF                | US        |       178 | NS      | $2614.82      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MITEK SYSTEMS INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $8054.09      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MERCURY GENERAL CORP                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4024.40     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Equity&Inc                                                | Mexico Equity&Inc COM                                                                         | CUSIP: 592834105<br>LEI: 549300Q0OD8MQEFTBY23 | Long             | EC               | RF                | US        |      1107 | NS      | $14280.30     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS NEXTDECADE CORP                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6425.10     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Royce Global Trust Inc                                           | Royce Global Trust Inc COM                                                                    | CUSIP: 78081T104<br>LEI: 254900MA25TE88EMIP63 | Long             | EC               | RF                | US        |      2489 | NS      | $33258.02     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                                               | Brent Crude Futures - North Sea, Jun26                                                        | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              | CORP              | GB        |         2 | NC      | $21871.58     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CBRE GROUP INC                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $14073.37     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ROYALTY PHARMA PLC                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $19404.74     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SIGNET JEWELERS LTD                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1904.96     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SIGA TECHNOLOGIES INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-13412.16    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Eaton Vance T/M Gl                                               | Eaton Vance T/M Gl COM                                                                        | CUSIP: 27829C105<br>LEI: 549300YMO6N2TLCMXO54 | Long             | EC               | RF                | US        |      2971 | NS      | $26085.38     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS VENTAS INC                                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1328.85      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK MUNIHOLDINGS CALIF QUALITY FD INC                      | BLACKROCK MUNIHOLDINGS CALIF QUALITY FD INC COM                                               | CUSIP: 09254L107<br>LEI: NKJSRCJXMS5PZYPXY795 | Long             | EC               | RF                | US        |       244 | NS      | $2537.60      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                                               | LS Gas Oil Futures - ULSD-ARA, Jul26                                                          | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $15048.29     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ORTHOPEDIATRICS CORP                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $14615.19     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                        | LME LEAD FUTURE APR26                                                                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         3 | NC      | $-5208.08     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Hancock John Investors Trust                                     | Hancock John Investors Trust COM                                                              | CUSIP: 410142103<br>LEI: 5493007QBXBOZDX6R464 | Long             | EC               | RF                | US        |       173 | NS      | $2233.43      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | 5-Year T-Note Futures, Jun-2026,ETH                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -5 | NC      | $-1685.22     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | KC HRW Wheat Futures, May-2026,ETH                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        -7 | NC      | $-4738.93     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                        | LME LEAD FUTURE MAY26                                                                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |        -4 | NC      | $5182.76      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SPOK HOLDINGS INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6180.68     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS VTEX                                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6330.00      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Kennedy-Wilson Holdings Inc                                      | Kennedy-Wilson Holdings Inc COM                                                               | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |     14142 | NS      | $153016.44    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Risk Managed Diversified Equity Income Fund          | Eaton Vance Risk Managed Diversified Equity Income Fund COM                                   | CUSIP: 27829G106<br>LEI: 549300Y73VZSKBZ38790 | Long             | EC               | RF                | US        |       273 | NS      | $2230.41      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Tax-Managed Global Diversified Equity Income Fund    | Eaton Vance Tax-Managed Global Diversified Equity Income Fund COM                             | CUSIP: 27829F108<br>LEI: 5493002EIY4NK3I3E865 | Long             | EC               | RF                | US        |       248 | NS      | $2147.68      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Royce Micro-Cap Trust, Inc.                                      | Royce Micro-Cap Trust, Inc. COM                                                               | CUSIP: 780915104<br>LEI: 254900D3WFIV4SD8EF19 | Long             | EC               | RF                | US        |      2942 | NS      | $33274.02     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                        | LME ZINC FUTURE APR26                                                                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |        -1 | NC      | $2312.19      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MACY'S INC                                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5391.62     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS QUALCOMM INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-13360.06    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS EXPEDIA GROUP INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $944.45       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Principal Real Estate Income Fd                                  | Principal Real Estate Income Fd SHS BEN INT                                                   | CUSIP: 74255X104<br>LEI: 549300HK3LIJEGLGMK36 | Long             | EC               | RF                | US        |      3682 | NS      | $35384.02     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK MUNIYIELD PA QUALITY FD                                | BLACKROCK MUNIYIELD PA QUALITY FD COM                                                         | CUSIP: 09255G107<br>LEI: O1KCIUJBK2RN0MOX1Z59 | Long             | EC               | RF                | US        |       441 | NS      | $4864.23      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| XAI Madison Equity Premium Income Fund                           | XAI Madison Equity Premium Income Fund COM                                                    | CUSIP: 557437100<br>LEI: 254900DMET709D189F74 | Long             | EC               | RF                | US        |       832 | NS      | $4850.56      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CASELLA WASTE SYSTEMS INC                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $12897.04     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS JEFFERIES FINANCIAL GROUP INC                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4123.27      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                | Euro(FGBM) Bobl Futures                                                                       | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -2 | NC      | $-748.33      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SEMrush Holdings Inc.                                            | SEMrush Holdings Inc. CL A COM                                                                | CUSIP: 81686C104<br>LEI: 254900WQEX0OLGK16D27 | Long             | EC               | CORP              | US        |     16357 | NS      | $195302.58    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BrandywineGLOBAL-Global Income Opportunities Fund Inc            | BrandywineGLOBAL-Global Income Opportunities Fund Inc                                         | CUSIP: 10537L104<br>LEI: 549300P4CDQCJBGI0833 | Long             | EC               | RF                | US        |       620 | NS      | $4755.40      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                                             | Chart Industries Inc COM                                                                      | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      2299 | NS      | $475318.25    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SONOS INC                                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4315.03     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Brighthouse Financial Inc.                                       | Brighthouse Financial Inc. COM                                                                | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |      1252 | NS      | $74969.76     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                                             | Tri Pointe Homes Inc COM                                                                      | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1702 | NS      | $79534.46     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS IRON MOUNTAIN INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2948.13     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS HARMONIC INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2801.52     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Virtus Convertible & Income Fund                                 | Virtus Convertible & Income Fund COM NEW                                                      | CUSIP: 92838X805<br>LEI: 549300WT3ICVH2Z06O49 | Long             | EC               | RF                | US        |      1163 | NS      | $17305.44     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ONEMAIN HOLDINGS INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4904.08     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MATTHEWS INTERNATIONAL CORP                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1532.13     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| abrdn Healthcare Investors                                       | abrdn Healthcare Investors SH BEN INT                                                         | CUSIP: 87911J103<br>LEI: 549300SNASESIFOS6V75 | Long             | EC               | RF                | US        |       125 | NS      | $2223.75      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE FUTURES EXCHANGE, LLC                                       | CBOE VOLATILITY INDEX (VX) FUTURES                                                            | CUSIP: 000000000<br>LEI: 254900O9GJPIWCP8RH13 | N/A              | DE               | CORP              | US        |        -6 | NC      | $550.56       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SRH Total Return Fund Inc                                        | SRH Total Return Fund Inc COM                                                                 | CUSIP: 101507101<br>LEI: 5493000XG0EMNJQ1SM17 | Long             | EC               | RF                | US        |      2002 | NS      | $34234.20     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Apellis Pharmaceuticals Inc                                      | Apellis Pharmaceuticals Inc COM                                                               | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | EC               | CORP              | US        |      3808 | NS      | $153195.84    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Credit Strategies Income Fund                             | Nuveen Credit Strategies Income Fund COM SHS                                                  | CUSIP: 67073D102<br>LEI: W4CSTD4RDGQSJ4FOVO30 | Long             | EC               | RF                | US        |      1030 | NS      | $5016.10      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ARCHROCK INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-20208.96    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | Soybean Oil Futures, Dec-2026,ETH                                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |         9 | NC      | $48254.13     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS LINDSAY CORP                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1960.15      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS GENCOR INDUSTRIES INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-306.73      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PIMCO MUNICIPAL INCOME FUND II                                   | PIMCO MUNICIPAL INCOME FUND II COM                                                            | CUSIP: 72200W106<br>LEI: ZVT714KPY3QTZWRT1S41 | Long             | EC               | RF                | US        |       307 | NS      | $2323.99      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Charter Income Trust                                         | MFS Charter Income Trust SH BEN INT                                                           | CUSIP: 552727109<br>LEI: 1LFFWFMKO22SVR346G33 | Long             | EC               | RF                | US        |       384 | NS      | $2327.04      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                 | Live Cattle Futures, Jun-2026,ETH                                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              | CORP              | US        |         3 | NC      | $11507.74     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PEDIATRIX MEDICAL GROUP INC                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1315.83      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Janus Henderson Group PLC                                        | Janus Henderson Group PLC ORD USD1.50                                                         | CUSIP: 000000000<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |      5231 | NS      | $268716.47    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS INGREDION INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1525.71     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS OTTER TAIL CORP                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6127.67      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS FORD MOTOR CO                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3057.93     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Trust                                                    | iShares Trust RUS 1000 VAL ETF                                                                | CUSIP: 464287598<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |      -372 | NS      | $-79485.24    | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Tax Mn                                               | Eaton Vance Tax Mn COM                                                                        | CUSIP: 27828X100<br>LEI: 549300PR0H5PW7NXEV58 | Long             | EC               | RF                | US        |       155 | NS      | $2235.10      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                                           | Cocoa Futures - NYCC                                                                          | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        -4 | NC      | $10482.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellsworth Growth & Income Fund Ltd                               | Ellsworth Growth & Income Fund Ltd                                                            | CUSIP: 289074106<br>LEI: 549300GYFOXHCDQTI772 | Long             | EC               | RF                | US        |      3062 | NS      | $34141.30     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS TEEKAY TANKERS LTD                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $17852.76     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                | Euro(FGBS) Schatz Futures                                                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -41 | NC      | $-5954.08     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MEDIFAST INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1480.95      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NorthWestern Energy Group Inc                                    | NorthWestern Energy Group Inc COM NEW                                                         | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |      1335 | NS      | $88029.90     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Seven Hills Realty Trust                                         | Seven Hills Realty Trust COM                                                                  | CUSIP: 81784E101<br>LEI: 549300ESBDZ3SA3OEX38 | Long             | EC               | CORP              | US        |         1 | NS      | $8.22         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PROG HOLDINGS INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8069.33     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PFIZER INC                                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5968.66      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS NETAPP INC                                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7851.90     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS AUTOLIV INC                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-14087.20    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS UNIVERSAL FOREST PRODUCTS INC                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-228.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS LIVE OAK BANCSHARES INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $21246.38     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS YELP INC                                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12108.30    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Hologic Inc                                                      | Hologic Inc COM                                                                               | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |      4566 | NS      | $345143.94    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Senior Floating Rate Trust                           | Eaton Vance Senior Floating Rate Trust COM                                                    | CUSIP: 27828Q105<br>LEI: VJXUJZ1EC079NQ236240 | Long             | EC               | RF                | US        |       469 | NS      | $4943.26      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | Soybean Futures, May-2026,ETH                                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |         6 | NC      | $-4234.55     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Strategic Trust                                           | Schwab Strategic Trust US AGGREGATE B                                                         | CUSIP: 808524839<br>LEI: 549300NAZEQOIX80E226 | Short            | EC               | RF                | US        |      -342 | NS      | $-7941.24     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS RITCHIE BROS AUCTIONEERS INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4582.89      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS RENAISSANCERE HOLDINGS LTD                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13465.68     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Trust                                                    | iShares Trust RUS 1000 GRW ETF                                                                | CUSIP: 464287614<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |      -110 | NS      | $-46904.00    | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS NATIONAL FUEL GAS CO                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $23097.90     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES U.S., INC.                                           | Cotton No. 2 Futures - NYCC, Dec26                                                            | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        21 | NC      | $17716.35     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                        | LME PRI ALUM FUTR MAY26                                                                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |        -3 | NC      | $-12924.43    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ARCHER-DANIELS-MIDLAND CO                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6607.62      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ALARM.COM HOLDINGS INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-19999.02    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS INSPERITY INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-15544.54    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Union Pacific Corporation                                        | Union Pacific Corporation COM                                                                 | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Short            | EC               | CORP              | US        |      -738 | NS      | $-179053.56   | -0.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Flaherty & Crumrine Preferred & Income Securities Fund Inc       | Flaherty & Crumrine Preferred and Income Securities Fund Incorporated                         | CUSIP: 338478100<br>LEI: 254900A8P8RQUXES1M50 | Long             | EC               | RF                | US        |       145 | NS      | $2246.05      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PERDOCEO EDUCATION CORP                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $17834.26     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PAYPAL HOLDINGS INC                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2416.81      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Asset Premier Bond Fund                                  | Western Asset Premier Bond Fund                                                               | CUSIP: 957664105<br>LEI: 5493007UP8PFRNTX0546 | Long             | EC               | RF                | US        |       462 | NS      | $4887.96      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                                                     | Rayonier Inc COM                                                                              | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Short            | EC               | CORP              | US        |     -4723 | NS      | $-97388.26    | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corporation                                    | American Woodmark Corporation COM                                                             | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |      2415 | NS      | $96189.45     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Real Asset Income & Growth Fund                           | Nuveen Real Asset Income & Growth Fund COM                                                    | CUSIP: 67074Y105<br>LEI: RQLXTE3CBG56EZF1BQ60 | Long             | EC               | RF                | US        |       391 | NS      | $4809.30      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                | Long(FBTP) Term Euro                                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |         5 | NC      | $4874.72      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Masimo Corporation                                               | Masimo Corporation COM                                                                        | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |       450 | NS      | $80041.50     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ADOBE INC                                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2219.64     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS FIRST FOUNDATION INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4991.69     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| RiverNorth Flexible Municipal Income Fund Inc                    | RiverNorth Flexible Municipal Income Fund Inc COM                                             | CUSIP: 76883H104<br>LEI: 549300O6XP1DQZGJLC78 | Long             | EC               | RF                | US        |       184 | NS      | $2581.52      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RIVERNORTH CAPITAL MANAGEMENT LLC                                | RiverNorth/DoubleLine Strategic Opportunity Fund Inc. COM                                     | CUSIP: 76882G107<br>LEI: 549300GSJH8NAH5BFT73 | Long             | EC               | RF                | US        |       303 | NS      | $2324.01      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cantaloupe Inc.                                                  | Cantaloupe Inc. COM                                                                           | CUSIP: 138103106<br>LEI: 529900O54DBQQVWO9Q85 | Long             | EC               | CORP              | US        |     19656 | NS      | $212481.36    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Inflation-Linked Income Fund                       | Western Asset Inflation-Linked Income Fund                                                    | CUSIP: 95766Q106<br>LEI: 549300BKG7Y2MQAORR48 | Long             | EC               | RF                | US        |       289 | NS      | $2335.12      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon High Yield Strategies Fund                            | BNY Mellon High Yield Strategies Fund                                                         | CUSIP: 09660L105<br>LEI: RH2DL1HWBBECVFYQNK56 | Long             | EC               | RF                | US        |      2048 | NS      | $4997.12      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund    | Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund COM                             | CUSIP: 27828U106<br>LEI: 549300FJ9E7XXCLZCB95 | Long             | EC               | RF                | US        |        79 | NS      | $2105.35      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Flaherty & Crumrine Total Return Fund Inc                        | Flaherty & Crumrine Total Return Fund Incorporated                                            | CUSIP: 338479108<br>LEI: 254900OFZ9J1RLHWZQ22 | Long             | EC               | RF                | US        |       288 | NS      | $4780.80      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Peakstone Realty Trust                                           | Peakstone Realty Trust COMMON SHARES                                                          | CUSIP: 39818P799<br>LEI: 549300EZQXWQI2YL1T80 | Long             | EC               | CORP              | US        |      3670 | NS      | $76666.30     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MEFF SOCIEDAD RECTORA DEL MERCADO DE PRODUCTOS DERIVADOS, S.A.U. | IBEX 35 INDX FUTR APR26                                                                       | CUSIP: 000000000<br>LEI: 959800T2W59YXMVKRU25 | N/A              | DE               | CORP              | ES        |         1 | NC      | $1014.83      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Enhanced Equity Income Fund II                       | Eaton Vance Enhanced Equity Income Fund II COM                                                | CUSIP: 278277108<br>LEI: 549300N6ZBLPLGA31U67 | Long             | EC               | RF                | US        |       109 | NS      | $2230.14      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                                          | Black Hills Corporation COM                                                                   | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Short            | EC               | CORP              | US        |     -1308 | NS      | $-90788.28    | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                                    | iShares Trust TIPS BD ETF                                                                     | CUSIP: 464287176<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |      -278 | NS      | $-30680.08    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Credit Allocation Income Trust                         | Blackrock Credit Allocation Income Trust COM                                                  | CUSIP: 092508100<br>LEI: WU48CSUCFTU86AQUYZ93 | Long             | EC               | RF                | US        |       226 | NS      | $2282.60      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS INTERNATIONAL PAPER CO                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $18308.48     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Neuberger Next Generation Connectivity Fund Inc.                 | Neuberger Next Generation Connectivity Fund Inc. COMMON STOCK                                 | CUSIP: 64133Q108<br>LEI: 549300GRTFKXVB9LQE61 | Long             | EC               | RF                | US        |      2665 | NS      | $34298.55     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS LIMONEIRA CO                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3553.75      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS EDISON INTERNATIONAL                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-696.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Arcellx Inc                                                      | Arcellx Inc COMMON STOCK                                                                      | CUSIP: 03940C100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1386 | NS      | $159140.52    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ROLLINS INC                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $15645.72     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| JNJ CVR                                                          | JNJ CVR                                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1553 | NS      | $0.16         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS DROPBOX INC                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-14471.19    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BioCryst Pharmaceuticals Inc.                                    | BioCryst Pharmaceuticals Inc. COM                                                             | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Long             | EC               | CORP              | US        |      4040 | NS      | $38460.80     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                        | LME LEAD FUTURE APR26                                                                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |        -3 | NC      | $5833.62      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Energy Infrastructure and Income Fund Inc.             | Neuberger Energy Infrastructure and Income Fund Inc. COM                                      | CUSIP: 64129H104<br>LEI: 549300P5ICT7WWGP8224 | Long             | EC               | RF                | US        |       247 | NS      | $2595.97      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS DOLBY LABORATORIES INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-9535.14     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ENACT HOLDINGS INC                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $11873.19     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS WALKER AND DUNLOP INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $29225.21     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Highland Global Allocation Fund                                  | Highland Global Allocation Fund COM                                                           | CUSIP: 43010T104<br>LEI: 2549007A3RHSGZEL0R21 | Long             | EC               | RF                | US        |       312 | NS      | $2505.36      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.                                      | Warner Bros. Discovery Inc. COM SER A                                                         | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |      1045 | NS      | $28695.70     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS FRANKLIN BSP REALTY TRUST INC                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $14143.81     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuveen NASDAQ 100 Dynamic Overwrite Fund                         | Nuveen NASDAQ 100 Dynamic Overwrite Fund COM SHS                                              | CUSIP: 670699107<br>LEI: 549300UZIEJJJ5RD3T06 | Long             | EC               | RF                | US        |       183 | NS      | $4880.61      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS HARTFORD INSURANCE GROUP INC/THE                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1986.61      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CBOE FUTURES EXCHANGE, LLC                                       | CBOE VOLATILITY INDEX (VX) FUTURES, Aug-2026,ETH                                              | CUSIP: 000000000<br>LEI: 254900O9GJPIWCP8RH13 | N/A              | DE               | CORP              | US        |        19 | NC      | $-12203.31    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS XPO LOGISTICS INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-9422.49     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BOYD GAMING CORP                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $120.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS NETSCOUT SYSTEMS INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $16801.70     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK MUNIHOLDINGS FD INC                                    | BLACKROCK MUNIHOLDINGS FD INC COM                                                             | CUSIP: 09253N104<br>LEI: MZBVMGS24JR92TGE6Z32 | Long             | EC               | RF                | US        |       842 | NS      | $9497.76      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CANNAE HOLDINGS INC                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $26429.90     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Neuberger Real Estate Securities Income Fund Inc.                | Neuberger Real Estate Securities Income Fund Inc. COM                                         | CUSIP: 64190A103<br>LEI: 549300WU72ZN21PNWQ56 | Long             | EC               | RF                | US        |       775 | NS      | $2201.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PRIMIS FINANCIAL CORP                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3045.29     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ALKERMES PLC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $17959.80     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| European Equity Fd                                               | European Equity Fd COM                                                                        | CUSIP: 298768102<br>LEI: 5493008XBHSH29XH9329 | Long             | EC               | RF                | US        |      3221 | NS      | $31855.69     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                                    | iShares Trust IBOXX INV CP ETF                                                                | CUSIP: 464287242<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |       -96 | NS      | $-10463.04    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MGIC INVESTMENT CORP                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2919.01      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PTC THERAPEUTICS INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1668.51     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES U.S., INC.                                           | Coffee C Futures - NYCC                                                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        -1 | NC      | $7253.10      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS TRINITY INDUSTRIES INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7293.40     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                                       | SGX FTSE Taiwan Index Futures, April 2026                                                     | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | N/A              | DE               | CORP              | SG        |         1 | NC      | $-5009.83     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| NICOLET BANKSHARES INC                                           | Nicolet Bankshares Inc. COM                                                                   | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       958 | NS      | $142377.96    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.                               | Henry Hub Natural Gas Futures, Jun-2026,ETH                                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         6 | NC      | $-9308.40     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Udemy Inc.                                                       | Udemy Inc. COM                                                                                | CUSIP: 902685106<br>LEI: 2549000T304QU9SAM180 | Long             | EC               | CORP              | US        |     26042 | NS      | $120314.04    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Inc.                                                     | Compass Inc. CL A                                                                             | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |      7696 | NS      | $56257.76     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK MUNIYIELD QUALITY FD III INC                           | BLACKROCK MUNIYIELD QUALITY FD III INC COM                                                    | CUSIP: 09254E103<br>LEI: UB5J2GS6Q51M6A2L8886 | Long             | EC               | RF                | US        |       455 | NS      | $4782.05      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BANDWIDTH INC                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $18524.51     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS HAMILTON INSURANCE GROU                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $20236.79     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Delaware Investments National Municipal Income Fund              | Delaware Investments National Municipal Income Fund                                           | CUSIP: 24610T108<br>LEI: NIC7ULNUGCUI836YP119 | Long             | EC               | RF                | US        |      1115 | NS      | $11105.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                                           | Coffee C Futures - NYCC                                                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         4 | NC      | $-27832.91    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Infrastructure Fund Inc.                          | Cohen & Steers Infrastructure Fund Inc. COM                                                   | CUSIP: 19248A109<br>LEI: T085JMDV2CFIPONRA870 | Long             | EC               | RF                | US        |        88 | NS      | $2277.44      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CINTAS CORP                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7122.93      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Alliancebernstein Global High Income Fund Inc.                   | Alliancebernstein Global High Income Fund Inc. COM                                            | CUSIP: 01879R106<br>LEI: AE2ZT9UGMEIJ7T4R5734 | Long             | EC               | RF                | US        |       230 | NS      | $2339.10      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                                        | Qorvo Inc COM                                                                                 | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |       910 | NS      | $70434.00     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Science and Technology Term Trust                      | BlackRock Science and Technology Term Trust SHS BEN INT                                       | CUSIP: 09260K101<br>LEI: 549300NQ3IL1NKVC9M67 | Long             | EC               | RF                | US        |      1157 | NS      | $25627.55     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MERCHANTS BANCORP                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-10302.41    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | Corn Futures, May-2026,ETH                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |         1 | NC      | $686.19       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                                    | iShares Trust RUSSELL 2000 ETF                                                                | CUSIP: 464287655<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |      -306 | NS      | $-75888.00    | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS LPL FINANCIAL HOLDINGS INC                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1114.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Lease Corporation                                            | Air Lease Corporation CL A                                                                    | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |      4721 | NS      | $306581.74    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS QUALYS INC                                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2963.13     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ASX CLEARING CORPORATION LIMITED                                 | ASX 10 Year Treasury Bond Futures                                                             | CUSIP: 000000000<br>LEI: 549300USWUR0S7VMM868 | N/A              | DIR              | CORP              | AU        |        -1 | NC      | $174.39       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SMARTSTOP SELF STORAGE REIT INC                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6388.90      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS EQUINIX INC                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-17311.88    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS UNITI GROUP INC                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $9718.30      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Rivernorth Managed Duration Municipal Income Fund II Inc         | Rivernorth Managed Duration Municipal Income Fund II Inc COM                                  | CUSIP: 76882M104<br>LEI: 549300OONY38NOGARX02 | Long             | EC               | RF                | US        |       160 | NS      | $2350.40      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Templtn Emg Mkt                                                  | Templtn Emg Mkt COM                                                                           | CUSIP: 880191101<br>LEI: CZCIR4LW4R7Y5KBS5R36 | Long             | EC               | RF                | US        |       700 | NS      | $12243.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                                           | Sugar No. 11 Futures - NYCC                                                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-3.15        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PENNYMAC MORTGAGE INVESTMENT TRUST                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $8522.30      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS TORO CO/THE                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1917.37     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Sprott Focus Trust Inc                                           | Sprott Focus Trust Inc COM                                                                    | CUSIP: 85208J109<br>LEI: 549300ZO564XGNG81814 | Long             | EC               | RF                | US        |      3581 | NS      | $34234.36     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS UTAH MEDICAL PRODUCTS INC                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5205.82      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| COMMODITIES EXCHANGE CENTER                                      | Copper Futures, May-2026,ETH                                                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         1 | NC      | $-9844.82     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Tax-Advantaged Global Dividend Income Fund           | Eaton Vance Tax-Advantaged Global Dividend Income Fund COM                                    | CUSIP: 27828S101<br>LEI: 549300P9NBK8GZ8QI277 | Long             | EC               | RF                | US        |       104 | NS      | $2092.48      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS WESTLAKE CORP                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5566.86     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Nuveen Core Equity                                               | Nuveen Core Equity COM                                                                        | CUSIP: 67090X107<br>LEI: RXOICX8BWX0J6XOHJ530 | Long             | EC               | RF                | US        |       327 | NS      | $4833.06      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| General American Investors Company, Inc.                         | General American Investors Company, Inc. COM                                                  | CUSIP: 368802104<br>LEI: 254900MHIF9G7IS1T951 | Long             | EC               | RF                | US        |       581 | NS      | $33971.07     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECT SECTOR SPDR TRUST (THE)                                   | Select Sector Spdr Trust STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF                       | CUSIP: 81369Y803<br>LEI: 5493008JJKIPMEX3CO91 | Short            | EC               | RF                | US        |      -122 | NS      | $-16213.80    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Tri-Continental Corp                                             | Tri-Continental Corp COM                                                                      | CUSIP: 895436103<br>LEI: 6QVMFZKY1QSOOIHD7Y77 | Long             | EC               | RF                | US        |      1085 | NS      | $34275.15     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Eme                                               | Morgan Stanley Eme COM                                                                        | CUSIP: 61744H105<br>LEI: 879N34XPZOOCKFD26737 | Long             | EC               | RF                | US        |       310 | NS      | $2176.20      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LMP Capital & Income Fund Inc.                                   | LMP Capital & Income Fund Inc.                                                                | CUSIP: 50208A102<br>LEI: 549300YJH1GYGXCCQ467 | Long             | EC               | RF                | US        |       150 | NS      | $2239.50      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NUVEEN NEW YORK AMT-FREE MUN INCOME FD                           | NUVEEN NEW YORK AMT-FREE MUN INCOME FD COM                                                    | CUSIP: 670656107<br>LEI: 549300V4X2BF3UXSCQ58 | Long             | EC               | RF                | US        |       228 | NS      | $2327.88      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO-CVR                                      | BRISTOL-MYERS SQUIBB CO-CVR                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5897 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS QORVO INC                                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7143.57     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Mission Produce Inc                                              | Mission Produce Inc COM                                                                       | CUSIP: 60510V108<br>LEI: 54930016JOKVFT59L825 | Short            | EC               | CORP              | US        |     -1791 | NS      | $-24644.16    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust                                                 | VanEck ETF Trust VANECK GOLD MINERS ETF                                                       | CUSIP: 92189F106<br>LEI: 549300ZLFKNTXC51ZN76 | Short            | EC               | RF                | US        |       -30 | NS      | $-2753.10     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Gabelli Healthcare & WellnessRx Trust                            | Gabelli Healthcare & WellnessRx Trust                                                         | CUSIP: 36246K103<br>LEI: 549300XULWZNLHFTG832 | Long             | EC               | RF                | US        |       240 | NS      | $2172.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | Soybean Futures, Jul-2026,ETH                                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        -5 | NC      | $-6078.40     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ALAMO GROUP                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-13993.71    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PALANTIR TECHNOLOGIES INC                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1442.90     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERNATIONAL MONEY EXPRESS INC                                  | International Money Express Inc. COM                                                          | CUSIP: 46005L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18087 | NS      | $285774.60    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Flaherty & Crumrine Preferred & Income Opportunity Fund Inc      | Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated                        | CUSIP: 33848E106<br>LEI: 2549008Y9TGWYEWYW496 | Long             | EC               | RF                | US        |       251 | NS      | $2269.04      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS TRAVELERS COS INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1680.70      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MDU RESOURCES GROUP INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-73.29       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS FIRST ADVANTAGE CORP                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $20032.29     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| John Hancock Diversified Income Fund                             | John Hancock Diversified Income Fund COM                                                      | CUSIP: 47804L102<br>LEI: TXPTLN9B34V0S0MTR071 | Long             | EC               | RF                | US        |      3126 | NS      | $33948.36     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BALCHEM CORP                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3184.92     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Nathans Famous Inc                                               | Nathans Famous Inc COM                                                                        | CUSIP: 632347100<br>LEI: 54930034SKNSF1JIE673 | Long             | EC               | CORP              | US        |      1903 | NS      | $191689.19    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS TESLA INC                                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3707.91      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MACERICH CO                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2386.07     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Ryerson Holding Corporation                                      | Ryerson Holding Corporation COM                                                               | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Short            | EC               | CORP              | US        |       -67 | NS      | $-1506.16     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Hill Investment Group Inc.                               | Diamond Hill Investment Group Inc. COM NEW                                                    | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |       690 | NS      | $118749.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED               | MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED TRI PARTY                                  | CUSIP: 000000000<br>LEI: 8NAV47T0Y26Q87Y0QP81 | Long             | RA               | CORP              | US        |   1655285 | PA      | $1655285.16   | 6.44%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BIO-RAD LABORATORIES INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-861.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                | EURO STOXX 50 Index Futures(FESX) Index Fut                                                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               | CORP              | DE        |         3 | NC      | $3004.52      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO SR INCOME TR                                             | INVESCO SR INCOME TR COM                                                                      | CUSIP: 46131H107<br>LEI: 549300C38VE5Y5R75E56 | Long             | EC               | RF                | US        |       819 | NS      | $2637.18      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Guggenheim Strategy Funds Trust                                  | Guggenheim Strategy Fund II                                                                   | CUSIP: 40168Q205<br>LEI: 5493007THUTJ3GMETL84 | Long             | EC               | RF                | US        |     67185 | NS      | $1662152.84   | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Diversified Income Fund                            | Western Asset Diversified Income Fund                                                         | CUSIP: 95790K109<br>LEI: 549300M67UHXW4GHZ644 | Long             | EC               | RF                | US        |       193 | NS      | $2593.92      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ZOOM VIDEO COMMUNICATIONS                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1737.92      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SL GREEN REALTY CORP                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $16908.39     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS LAMAR ADVERTISING CO                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1483.16      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                              | Fifth Third Bancorp COM                                                                       | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      3173 | NS      | $147404.11    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CONSOLIDATED EDISON INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6863.40      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Trust                                                    | iShares Trust MSCI AC ASIA ETF                                                                | CUSIP: 464288182<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |       -66 | NS      | $-6355.14     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                                                 | Coeur Mining Inc COM NEW                                                                      | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Short            | EC               | CORP              | US        |    -13136 | NS      | $-246562.72   | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Allspring Global Dividend Opportunity Fund                       | Allspring Global Dividend Opportunity Fund COM                                                | CUSIP: 94987C103<br>LEI: 5493000KZPDD7O5F1562 | Long             | EC               | RF                | US        |      1994 | NS      | $11625.02     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance T/M Bu                                               | Eaton Vance T/M Bu COM                                                                        | CUSIP: 27828Y108<br>LEI: 549300K03NZO4ZHC3H11 | Long             | EC               | RF                | US        |       164 | NS      | $2241.88      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BioCryst Pharmaceuticals Inc.                                    | BioCryst Pharmaceuticals Inc. COM                                                             | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Short            | EC               | CORP              | US        |     -4039 | NS      | $-38451.28    | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon Strategic Municipal Bond Fund, Inc.                   | BNY Mellon Strategic Municipal Bond Fund, Inc.                                                | CUSIP: 09662E109<br>LEI: 54930044KK4C1VDJ7M52 | Long             | EC               | RF                | US        |       387 | NS      | $2325.87      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                                    | iShares Trust U.S. REAL ES ETF                                                                | CUSIP: 464287739<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |      -227 | NS      | $-21465.12    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SCORPIO TANKERS                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $15781.67     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS TEJON RANCH CO                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12760.09    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Spdr S&p 500 Etf Trust                              | State Street Spdr S&p 500 Etf Trust TR UNIT                                                   | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Short            | EC               | RF                | US        |      -266 | NS      | $-172990.44   | -0.67%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS AZZ INC                                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $14112.05     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Virtus Convertible & Income Fund II                              | Virtus Convertible & Income Fund II COM NEW                                                   | CUSIP: 92838U801<br>LEI: 549300VQWKOKLGOGUQ16 | Long             | EC               | RF                | US        |       150 | NS      | $2011.50      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS UGI CORP                                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $8773.75      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS JOHNSON OUTDOORS INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2624.93     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS IDT CORP                                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1062.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BLUE BIRD CORP                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7002.11      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SELECT MEDICAL HOLDINGS CORP                                     | Select Medical Holdings Corporation COM                                                       | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11436 | NS      | $186292.44    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH AFRICAN FUTURES EXCHANGE                                   | FTSE/JSE TOP 40 JUN26                                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | ZA        |        12 | NC      | $-13070.71    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ST JOE CO/THE                                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5114.81      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hancock John Premuim Dividend Fund                               | Hancock John Premuim Dividend Fund COM SH BEN INT                                             | CUSIP: 41013T105<br>LEI: 549300HU07GPOB5DR949 | Long             | EC               | RF                | US        |       196 | NS      | $2567.60      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CAPITAL ONE FINANCIAL CORP                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-14556.38    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Guggenheim Funds Trust                                           | Guggenheim Ultra Short Duration Fund                                                          | CUSIP: 40169J523<br>LEI: 54930033G24U3UGWK691 | Long             | EC               | RF                | US        |     54685 | NS      | $549582.57    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                 | New Zealand Dollar Futures, Jun-2026,ETH                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |         2 | NC      | $-3405.10     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS AURINIA PHARMACEUTICALS INC                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $100.59       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Voya Emerging Markets High Dividend Equity Fund                  | VOYA EMERGING MARKETS HIGH DIVIDEND EQUITY FUND                                               | CUSIP: 92912P108<br>LEI: 549300MBU0OQHUKI2Y86 | Long             | EC               | RF                | US        |       338 | NS      | $2251.08      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Guggenheim Strategy Funds Trust                                  | Guggenheim Strategy Fund III                                                                  | CUSIP: 40168Q304<br>LEI: 5493007THUTJ3GMETL84 | Long             | EC               | RF                | US        |     99249 | NS      | $2465341.96   | 9.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corporation                                      | Ryerson Holding Corporation COM                                                               | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |        67 | NS      | $1506.16      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MUELLER INDUSTRIES INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $28818.45     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                        | LME LEAD FUTURE MAY26                                                                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-1098.56     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Multi-Market Income Fund                                  | Nuveen Multi-Market Income Fund COM                                                           | CUSIP: 67075J107<br>LEI: G7V8IS406QV705LBK003 | Long             | EC               | RF                | US        |       380 | NS      | $2238.20      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS AMERICAN TOWER CORP                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2488.19      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ENERSYS                                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2078.41      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS RXO INC                                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7941.04      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS RITHM PROPERTY TRUST INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2789.10      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Trust                                                    | iShares Trust NATIONAL MUN ETF                                                                | CUSIP: 464288414<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |     -1189 | NS      | $-126212.35   | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Kkr Income Opportunities Fd                                      | Kkr Income Opportunities Fd COM                                                               | CUSIP: 48249T106<br>LEI: 549300H65GA67Q2C3B36 | Long             | EC               | RF                | US        |       233 | NS      | $2563.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS GENTEX CORP                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2596.55     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Allspring Income Opportunities Fund                              | Allspring Income Opportunities Fund INC OPPTY FD                                              | CUSIP: 94987B105<br>LEI: 5493001HF04TYQLWJP49 | Long             | EC               | RF                | US        |       751 | NS      | $4866.48      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CRICUT INC                                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8943.08     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Highland Opportunities & Income Fund                             | Highland Opportunities & Income Fund HIGHLAND INCOME                                          | CUSIP: 43010E404<br>LEI: 254900CMUE9FRYL2UR80 | Long             | EC               | RF                | US        |       441 | NS      | $2518.11      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc.                                   | CSG Systems International Inc. COM                                                            | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |      3016 | NS      | $241099.04    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                | Euro(FGBL) Bund Futures                                                                       | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |         3 | NC      | $1831.77      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Intermediate High Income Fund                                | MFS Intermediate High Income Fund SH BEN INT                                                  | CUSIP: 59318T109<br>LEI: SASSJTLSXHXELZG42340 | Long             | EC               | RF                | US        |      1833 | NS      | $2969.28      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                                           | Coffee C Futures - NYCC                                                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        -2 | NC      | $13831.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS A O SMITH CORP                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1388.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Gabelli Dividend & Income Trust                                  | Gabelli Dividend & Income Trust                                                               | CUSIP: 36242H104<br>LEI: 549300082N1MHBT8NI60 | Long             | EC               | RF                | US        |      1244 | NS      | $33500.92     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                        | LME PRI ALUM FUTR APR26                                                                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |        -8 | NC      | $-82491.78    | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                                    | iShares Trust LATN AMER 40 ETF                                                                | CUSIP: 464287390<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |      -904 | NS      | $-32110.08    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                                                     | Rayonier Inc COM                                                                              | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |      4723 | NS      | $97388.26     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc.                                                 | TXNM Energy Inc. COM                                                                          | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |      4043 | NS      | $236353.78    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS WASTE MANAGEMENT INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3873.25      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | Chicago SRW Wheat Futures, May-2026,ETH                                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        -9 | NC      | $-16502.37    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS AMDOCS LTD                                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-10263.62    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BIOMARIN PHARMACEUTICAL INC                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1204.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BEACON FINANCIAL CORP                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $654.54       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                        | LME NICKEL FUTURE APR26                                                                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |        -1 | NC      | $1538.53      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SYCAMORE PARTNERS LLC                                            | SYCAMORE PARTNERS LLC -RIGHT                                                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     19209 | NC      | $1.92         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS HERITAGE COMMERCE CORP                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2657.84     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Coeur Mining Inc                                                 | Coeur Mining Inc COM NEW                                                                      | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     13136 | NS      | $246562.72    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CAL-MAINE FOODS INC                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5034.82     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ELLINGTON FINANCIAL INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $11286.59     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ADT INC                                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-10863.45    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Calavo Growers Inc                                               | Calavo Growers Inc COM                                                                        | CUSIP: 128246105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1829 | NS      | $47169.91     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| OneStream Inc                                                    | OneStream Inc CL A                                                                            | CUSIP: 68278B107<br>LEI: 254900CRBCHIYDC37W82 | Long             | EC               | CORP              | US        |     13197 | NS      | $316728.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                                                | SPDR Series Trust STATE STREET SPDR BLOOMBERG CONVERTIBLE SECURITIES ETF                      | CUSIP: 78464A359<br>LEI: 5493004JVD6CQEEJSS37 | Short            | EC               | RF                | US        |     -1216 | NS      | $-111288.32   | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS VERISK ANALYTICS INC                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13228.19     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PIMCO DYNAMIC INCOME STRATEGY FUND                               | PIMCO Dynamic Income Strategy Fund COM SHS BEN INT                                            | CUSIP: 69346N107<br>LEI: 549300BX5QVFQJENPV35 | Long             | EC               | RF                | KY        |       116 | NS      | $2558.96      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SNAP ON INC                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $11645.26     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS EXELIXIS INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2752.13      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK MUNIYIELD N Y QUALITY FD INC                           | BLACKROCK MUNIYIELD N Y QUALITY FD INC COM                                                    | CUSIP: 09255E102<br>LEI: 158AYFGDRFUGVL3TD012 | Long             | EC               | RF                | US        |       627 | NS      | $6019.20      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS RITHM CAPITAL CORP                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13564.82     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CONSOLIDATED WATER CO LTD                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $124.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES EUROPE                                               | Long Gilt Future - ICEU                                                                       | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |        -7 | NC      | $3380.23      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Norfolk Southern Corporation                                     | Norfolk Southern Corporation COM                                                              | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |       738 | NS      | $211806.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CAPITAL CITY BANK GROUP INC                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $108.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MONTREAL EXCHANGE INC.                                           | Ten-Year Government of Canada Bond Futures                                                    | CUSIP: 000000000<br>LEI: 549300DKBYNOI0B1NP44 | N/A              | DIR              | CORP              | CA        |         3 | NC      | $813.42       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECT SECTOR SPDR TRUST (THE)                                   | Select Sector Spdr Trust STATE STREET UTILITIES SELECT SECTOR SPDR ETF                        | CUSIP: 81369Y886<br>LEI: 5493008JJKIPMEX3CO91 | Short            | EC               | RF                | US        |      -687 | NS      | $-31526.43    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| MFS INVT GRADE MUN TR                                            | MFS INVT GRADE MUN TR SH BEN INT                                                              | CUSIP: 59318B108<br>LEI: TQV30XJRB3S7V50XRW52 | Long             | EC               | RF                | US        |       292 | NS      | $2333.08      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO NEW YORK MUNICIPAL INCOME FUND II                          | PIMCO NEW YORK MUNICIPAL INCOME FUND II COM                                                   | CUSIP: 72200Y102<br>LEI: VSODSLIYXJ7C18SCFD63 | Long             | EC               | RF                | US        |      5377 | NS      | $36832.45     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ENVIRI CORP                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3299.75     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MILLICOM INTL CELLULAR S.A.                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $41600.91     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS UNITED FIRE GROUP INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-126.92      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS WESTERN ALLIANCE BANCORP                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $19546.70     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Asset High Income Opportunity Fund Inc.                  | Western Asset High Income Opportunity Fund Inc.                                               | CUSIP: 95766K109<br>LEI: 549300S7N70O2ERKYG47 | Long             | EC               | RF                | US        |       639 | NS      | $2319.57      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                 | Australian Dollar Futures, Jun-2026,ETH                                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |         8 | NC      | $-9567.72     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ONESPAN INC                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-10901.26    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BORGWARNER INC                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $20925.87     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS INNOVIVA INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $23928.42     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS LIVERAMP HOLDINGS INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $438.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TCW Strategic Income Fund Inc.                                   | TCW Strategic Income Fund Inc. COM                                                            | CUSIP: 872340104<br>LEI: 54930062BZFVP7F6WJ47 | Long             | EC               | RF                | US        |       509 | NS      | $2285.41      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                 | Euro FX Futures, Jun-2026,ETH                                                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |        -8 | NC      | $1585.85      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS WEYERHAEUSER CO                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $12754.94     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Voya Asia Pacific High Dividend Equity Income Fund               | VOYA ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND                                            | CUSIP: 92912J102<br>LEI: 549300GNK7F1VWTNPE94 | Long             | EC               | RF                | US        |       295 | NS      | $2174.15      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS KNIFE RIVER CORP                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1853.81      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Midstream Partners LP                                    | Western Midstream Partners LP COM UNIT LP INT                                                 | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $41.17        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | 2-Year T-Note Futures, Jun-2026,ETH                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -11 | NC      | $-3262.89     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon Strategic Municipals, Inc.                            | BNY Mellon Strategic Municipals, Inc.                                                         | CUSIP: 05588W108<br>LEI: 549300FH0LKMOBY7N332 | Long             | EC               | RF                | US        |       368 | NS      | $2314.72      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS MANPOWERGROUP INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $10640.13     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | E-mini Dow Jones Industrial Average Index Futures, Jun-2026,ETH                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DE               | CORP              | US        |        -3 | NC      | $5644.36      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE FUTURES EXCHANGE, LLC                                       | CBOE VOLATILITY INDEX (VX) FUTURES                                                            | CUSIP: 000000000<br>LEI: 254900O9GJPIWCP8RH13 | N/A              | DE               | CORP              | US        |        -4 | NC      | $12924.64     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Corporate High Yield Fund Inc.                         | BlackRock Corporate High Yield Fund Inc. COM                                                  | CUSIP: 09255P107<br>LEI: 97ZR60BLU36N5VJMH054 | Long             | EC               | RF                | US        |       573 | NS      | $4881.96      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | Soybean Oil Futures, Jul-2026,ETH                                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        -7 | NC      | $-13117.86    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS GIBRALTAR INDUSTRIES INC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5643.34     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS INGLES MARKETS INC                                                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1954.11      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Technology & Private Equity Term Trust                 | BlackRock Technology & Private Equity Term Trust SHS BEN INT                                  | CUSIP: 09260Q108<br>LEI: 549300G3XFQ7175KM723 | Long             | EC               | RF                | US        |      5467 | NS      | $36082.20     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Enhabit Inc                                                      | Enhabit Inc COM                                                                               | CUSIP: 29332G102<br>LEI: 549300RFQ78SLDFSHF49 | Long             | EC               | CORP              | US        |     11609 | NS      | $163570.81    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS REDWOOD TRUST INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4280.71      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Fund Inc                                                  | Mexico Fund Inc COM                                                                           | CUSIP: 592835102<br>LEI: N/A                  | Long             | EC               | RF                | US        |      1575 | NS      | $32964.75     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS STRATTEC SECURITY CORP                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5632.64      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ESSENT GROUP LTD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1622.98     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Blackrock Enhanced Global Dividend Trust                         | Blackrock Enhanced Global Dividend Trust COM                                                  | CUSIP: 092501105<br>LEI: U48QD6ILUF60LKMSND68 | Long             | EC               | RF                | US        |       199 | NS      | $2181.04      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coursera Inc                                                     | Coursera Inc COM                                                                              | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Short            | EC               | CORP              | US        |    -20834 | NS      | $-121253.88   | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| NICOLET BANKSHARES INC                                           | Nicolet Bankshares Inc. COM                                                                   | CUSIP: 65406E102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -959 | NS      | $-142526.58   | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                                                | SPDR Series Trust STATE STREET SPDR NUVEEN ICE MUNICIPAL BOND ETF                             | CUSIP: 78468R721<br>LEI: 5493004JVD6CQEEJSS37 | Short            | EC               | RF                | US        |     -4464 | NS      | $-202397.76   | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS AMERICAN HEALTHCARE REIT INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1118.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eaton Vance Municipal Bond Fund                                  | Eaton Vance Municipal Bond Fund COM                                                           | CUSIP: 27827X101<br>LEI: 5493006Q4EBOXVQBQD12 | Long             | EC               | RF                | US        |       238 | NS      | $2325.26      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | 10-Year T-Note Futures, Jun-2026,ETH                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -3 | NC      | $145.44       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Thornburg Income Builder Opportunities Trust                     | Thornburg Income Builder Opportunities Trust COM                                              | CUSIP: 885213108<br>LEI: 5493002O2SJJPEDP7413 | Long             | EC               | RF                | US        |       107 | NS      | $2256.63      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.                               | NY Harbor ULSD Futures, May-2026,ETH                                                          | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         1 | NC      | $27371.74     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PAYCOM SOFTWARE INC                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2481.86     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Eaton Vance Tax-Advantaged Divid Income Fd                       | Eaton Vance Tax-Advantaged Divid Income Fd COM                                                | CUSIP: 27828G107<br>LEI: 549300KZTQOOF16ML741 | Long             | EC               | RF                | US        |        91 | NS      | $2234.05      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                                               | FTSE 100 - Stnd Index Future - ICEU, Jun26                                                    | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DE               | CORP              | GB        |         9 | NC      | $17093.23     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                                             | Electronic Arts Inc. COM                                                                      | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      1088 | NS      | $221810.56    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS TEXTRON INC                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1903.87     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS GENTHERM INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5132.89     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS NCR VOYIX CORP                                                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $31647.12     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES EUROPE                                               | LS Gas Oil Futures - ULSD-ARA                                                                 | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              | CORP              | GB        |         2 | NC      | $51815.33     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSERTIO HLDGS INC USD - CVR                                     | ASSERTIO HLDGS INC USD - CVR                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4974 | NS      | $0.50         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Western Asset Intermediate Muni Fund Inc.                        | Western Asset Intermediate Muni Fund Inc.                                                     | CUSIP: 958435109<br>LEI: 5493000MG5MROBD48K57 | Long             | EC               | RF                | US        |       616 | NS      | $4730.88      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SBA COMMUNICATIONS CORP                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $8382.19      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS REGENERON PHARMACEUTICALS INC                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7170.29      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                                       | J.P. MORGAN SECURITIES LLC TRI PARTY                                                          | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |   1821441 | PA      | $1821441.10   | 7.09%             |  |  |  | No            |                  2 | On Loan: No      |
| MFS HIGH YIELD MUN TR                                            | MFS HIGH YIELD MUN TR SH BEN INT                                                              | CUSIP: 59318E102<br>LEI: A8WLLLHJKX1MW5QPZU93 | Long             | EC               | RF                | US        |       661 | NS      | $2366.38      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gabelli Global Small & Mid Cap Value Trust                       | Gabelli Global Small & Mid Cap Value Trust                                                    | CUSIP: 36249W104<br>LEI: 54930027RS7HE8UD3187 | Long             | EC               | RF                | US        |       655 | NS      | $9838.10      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PORTLAND GENERAL ELECTRICAL                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $16896.55     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BRISTOL-MYERS SQUIBB CO                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $20236.99     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS VIATRIS INC                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4020.05     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS APACHE CORP                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $25261.55     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ASX CLEARING CORPORATION LIMITED                                 | ASX 3 Year Treasury Bond Futures                                                              | CUSIP: 000000000<br>LEI: 549300USWUR0S7VMM868 | N/A              | DIR              | CORP              | AU        |       -31 | NC      | $2846.90      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.                               | Platinum Futures, Jul-2026,ETH                                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        -1 | NC      | $13074.02     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SPRINKLR INC                                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $148.86       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Asset Investment Grade Income Fund Inc.                  | Western Asset Investment Grade Income Fund Inc.                                               | CUSIP: 95766T100<br>LEI: 549300W1ZCJRJ5Y1E041 | Long             | EC               | RF                | US        |       265 | NS      | $3205.18      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Inflation-Linked Opportunities & Income Fund       | Western Asset Inflation-Linked Opportunities & Income Fund                                    | CUSIP: 95766R104<br>LEI: 549300Z3DNF4FJBJ4A87 | Long             | EC               | RF                | US        |      3003 | NS      | $25405.38     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS JAZZ PHARMACEUTICALS PLC                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $20221.27     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Hancock John Income Securities Trust                             | Hancock John Income Securities Trust COM                                                      | CUSIP: 410123103<br>LEI: 549300RB36J7QSFLWG11 | Long             | EC               | RF                | US        |       207 | NS      | $2264.58      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| abrdn Life Sciences Investors                                    | abrdn Life Sciences Investors SH BEN INT                                                      | CUSIP: 87911K100<br>LEI: 5493007BYZPSOVVS0M04 | Long             | EC               | RF                | US        |       144 | NS      | $2342.88      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Guggenheim Strategy Funds Trust                                  | Guggenheim Variable Insurance Strategy Fund III                                               | CUSIP: 40168Q403<br>LEI: 5493007THUTJ3GMETL84 | Long             | EC               | RF                | US        |     86555 | NS      | $2143103.19   | 8.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Flaherty & Crumrine Preferred & Income Fund Inc                  | Flaherty & Crumrine Preferred and Income Fund Incorporated                                    | CUSIP: 338480106<br>LEI: 254900LXRIT34GQY5I69 | Long             | EC               | RF                | US        |       200 | NS      | $2236.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS COGNIZANT TECHNOLOGY SOLUTIONS CORP                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3089.15     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| abrdn Australia Equity Fund Inc                                  | abrdn Australia Equity Fund Inc COM                                                           | CUSIP: 003011111<br>LEI: 5493003SC25JJLM4UH12 | Long             | EC               | RF                | US        |      1623 | NS      | $19670.76     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Government Markets Income Trust                              | MFS Government Markets Income Trust SH BEN INT                                                | CUSIP: 552939100<br>LEI: JW62H2NF5KGMYLA2ZL41 | Long             | EC               | RF                | US        |       801 | NS      | $2354.94      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                                        | LME PRI ALUM FUTR APR26                                                                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         8 | NC      | $81858.82     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS BANCO LATINOAMERICANO DE COMERCIO EXTERIOR SA                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $12496.15     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Terns Pharmaceuticals Inc.                                       | Terns Pharmaceuticals Inc. COM                                                                | CUSIP: 880881107<br>LEI: 254900S1ZDQMF4MYP709 | Long             | EC               | CORP              | US        |      1453 | NS      | $76602.16     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EURONEXT PARIS SA                                                | CAC 40 Index Future, Apr 2026                                                                 | CUSIP: 000000000<br>LEI: 969500HMVSZ0TCV65D58 | N/A              | DE               | CORP              | FR        |        -4 | NC      | $-5249.12     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PATHWARD FINANCIAL INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2185.05     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bancroft Fund Ltd                                                | Bancroft Fund Ltd                                                                             | CUSIP: 059695106<br>LEI: 5493000X4Y1FB4G26P45 | Long             | EC               | RF                | US        |      1577 | NS      | $33968.42     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                                    | iShares Trust IBOXX HI YD ETF                                                                 | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |      -349 | NS      | $-27766.44    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | Soybean Oil Futures, May-2026,ETH                                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        -5 | NC      | $-8955.79     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS COLLEGIUM PHARMACEUTICAL INC                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8966.86     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MFS HIGH INCOME MUN TR                                           | MFS HIGH INCOME MUN TR SH BEN INT                                                             | CUSIP: 59318D104<br>LEI: 0G9TCUWY2FBUXSJY2691 | Long             | EC               | RF                | US        |      1114 | NS      | $4132.94      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS AGCO CORP                                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2101.18      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS APTIV PLC                                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2978.55     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS KURA ONCOLOGY INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $24.92        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS HORIZON BANCORP INC/IN                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1103.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS LEAR CORP                                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7456.56      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS PACCAR INC                                                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2570.52     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                              | Fifth Third Bancorp COM                                                                       | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Short            | EC               | CORP              | US        |     -3173 | NS      | $-147417.58   | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                      | Soybean Meal Futures, May-2026,ETH                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |         6 | NC      | $-5946.05     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS REPUBLIC SERVICES INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $4074.14      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Allspring Utilities and High Income Fund                         | Allspring Utilities and High Income Fund WF UTILITIES INC                                     | CUSIP: 94987E109<br>LEI: 549300FUV7SPMTSLG229 | Long             | EC               | RF                | US        |       385 | NS      | $4658.50      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Senior Income Trust                                  | Eaton Vance Senior Income Trust SH BEN INT                                                    | CUSIP: 27826S103<br>LEI: F34RFVU0FGX8OM0KE928 | Long             | EC               | RF                | US        |       470 | NS      | $2345.30      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ISHARES INC                                                      | iShares Trust MSCI EMG MKT ETF                                                                | CUSIP: 464287234<br>LEI: 549300MGJZCNMJLBAJ67 | Short            | EC               | RF                | US        |      -471 | NS      | $-26748.09    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SKYWORKS SOLUTIONS INC                                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12310.35    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| abrdn Emerging Markets ex China Fund Inc.                        | abrdn Emerging Markets ex China Fund Inc. COM                                                 | CUSIP: 00301W105<br>LEI: 549300MSYUW07RYUZD27 | Long             | EC               | RF                | US        |      1276 | NS      | $9302.04      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential Inc                                            | Veris Residential Inc COM                                                                     | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |      4187 | NS      | $79008.69     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Floating Rate Income Fund                                 | Nuveen Floating Rate Income Fund COM                                                          | CUSIP: 67072T108<br>LEI: HJXCPP3KYE3BVU373P27 | Long             | EC               | RF                | US        |       670 | NS      | $5038.40      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ALLSTATE CORP/THE                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $179.88       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS NMI HOLDINGS INC                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3492.96      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Franklin Limited Duration Income Trust                           | Franklin Limited Duration Income Trust COM                                                    | CUSIP: 35472T101<br>LEI: P58SM14RY02PYB0IA680 | Long             | EC               | RF                | US        |       391 | NS      | $2279.53      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS SLM CORP                                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4237.88     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS ENOVA INTERNATIONAL INC                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $21170.41     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CLEAN HARBORS INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1377.52      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Trust                                                    | iShares Trust AGENCY BOND ETF                                                                 | CUSIP: 464288166<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |        -2 | NS      | $-219.42      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS GENERAL MOTORS CO                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2599.56     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS LUXFER HOLDINGS PLC                                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6046.22     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.                               | Henry Hub Natural Gas Futures, Jul-2026,ETH                                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        -9 | NC      | $31966.15     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                                    | iShares Trust FLTG RATE NT ETF                                                                | CUSIP: 46429B655<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |      -228 | NS      | $-11616.60    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                         | TRS CRA INTERNATIONAL INC                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $17594.72     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                 | Feeder Cattle Futures, May-2026,ETH                                                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              | CORP              | US        |         1 | NC      | $13246.85     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                                         | Skyworks Solutions, Inc. COM                                                                  | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Short            | EC               | CORP              | US        |      -874 | NS      | $-46802.70    | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Rydex Variable Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** Chief Financial Officer