# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0001752724-25-161693
**Filing Date:** 2025-6
**Character Count:** 89727
**Document Hash:** cca25303462486f9196fb53fffa37832
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-161693.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001752724-25-161693

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22549
- **FILM NUMBER:** 251084746

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

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

## Series and Classes Contracts Data

### Invenomic Fund (Series ID: S000057713)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000186112 | Invenomic Fund Institutional Class shares       | BIVIX           |
| C000186113 | Invenomic Fund Investor Class shares            | BIVRX           |
| C000211283 | Invenomic Fund Super Institutional Class shares | BIVSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

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

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

- **a. Name of Series:** Invenomic Fund

- **b. EDGAR series identifier (if any):** S000057713

- **c. LEI of Series:** 549300WBCPRL59QG8F92

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

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

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2013518997.03

**Total Liabilities:** $948005196.85

**Net Assets:** $1065513800.18

**Cash Not Reported:** $748286379.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186112 | 1.88%                | 3.29%                | -5.30%               |
| Class ID C000186113 | 1.86%                | 3.24%                | -5.36%               |
| Class ID C000211283 | 1.91%                | 3.30%                | -5.28%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $29443045.14             | $-10985327.09                              |
| Month 2  | $2926900.24              | $29583165.34                               |
| Month 3  | $-13075979.43            | $-52015357.69                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Aaon Inc                                   | AAON INC                  | CUSIP: 000360206<br>LEI: 549300ZHF0E5VM7PUD37 | Short            | EC               | CORP              | US        |    -29330 | NS      | $-2676949.10  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| A-Mark Precious Metals Inc.                | A-MARK PRECIOUS METALS IN | CUSIP: 00181T107<br>LEI: XP6XYFDZQGKLUMOFGT37 | Long             | EC               | CORP              | US        |    169924 | NS      | $4139348.64   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ATN International Inc.                     | ATN INTERNATIONA          | CUSIP: 00215F107<br>LEI: 54930013NP7VEU877V56 | Long             | EC               | CORP              | US        |    107172 | NS      | $1895872.68   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Company, Inc.            | ACADIA HEALTHCAR          | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |    358639 | NS      | $8392152.60   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc.                    | ADVANCE AUTO PAR          | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    515150 | NS      | $16855708.00  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.            | AFFIL MANAGERS            | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     13132 | NS      | $2175053.16   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                 | AIRBNB INC-A              | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     96756 | NS      | $11796491.52  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.                  | AKAMAI TECHNOLOG          | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |    239045 | NS      | $19262246.10  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                      | ALIGN TECHNOLOGY          | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |     18337 | NS      | $3177802.10   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                   | AMERICAN EXPRESS          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Short            | EC               | CORP              | US        |    -12000 | NS      | $-3196920.00  | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation                 | AMERICAN TOWER C          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Short            | EC               | CORP              | US        |    -64709 | NS      | $-14586055.69 | -1.37%            |  |  |  | No            |                  1 | On Loan: No      |
| American Vanguard Corp.                    | AMER VANGUARD             | CUSIP: 030371108<br>LEI: 529900GWI78WZA5M9783 | Long             | EC               | CORP              | US        |    451243 | NS      | $1904245.46   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                        | ANALOG DEVICES            | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Short            | EC               | CORP              | US        |   -109543 | NS      | $-21352121.56 | -2.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                 | APPLE INC                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Short            | EC               | CORP              | US        |   -103361 | NS      | $-21964212.50 | -2.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Applovin Corp.                             | APPLOVIN CO-CL A          | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Short            | EC               | CORP              | US        |    -27947 | NS      | $-7526406.57  | -0.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Archer Aviation Inc                        | ARCHER AVIATIO-A          | CUSIP: 03945R102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -833516 | NS      | $-6943188.28  | -0.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.                 | ARCHER-DANIELS            | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     69675 | NS      | $3326981.25   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation                | ARES MANAGEM- A           | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Short            | EC               | CORP              | US        |    -47095 | NS      | $-7183400.35  | -0.67%            |  |  |  | No            |                  1 | On Loan: No      |
| Arm Holdings PLC                           | ARM HOLDINGS PLC          | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Short            | EC               | CORP              | GB        |   -124104 | NS      | $-14154061.20 | -1.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries, Inc.           | ARMSTRONG WORLD           | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Short            | EC               | CORP              | US        |    -67550 | NS      | $-9796101.00  | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc.                               | ASHLAND INC               | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     20128 | NS      | $1094761.92   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurora Innovation Inc                      | AURORA INNOVATIO          | CUSIP: 051774107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |  -2402787 | NS      | $-17396177.88 | -1.63%            |  |  |  | No            |                  1 | On Loan: No      |
| The Baldwin Insurance Group Inc            | BALDWIN INSURANC          | CUSIP: 05589G102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -73916 | NS      | $-3076383.92  | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp.                       | BARRICK GOLD CRP          | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    158053 | NS      | $3009329.12   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Intermediate Holdings Inc.        | BELLRING BRANDS           | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Short            | EC               | CORP              | US        |   -107596 | NS      | $-8299955.44  | -0.78%            |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Incorporated               | BENTLEY SYSTEM-B          | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Short            | EC               | CORP              | US        |    -75272 | NS      | $-3235943.28  | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc                          | BILL HOLDINGS IN          | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |    164041 | NS      | $7475348.37   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackline Inc                              | BLACKLINE INC             | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |     58410 | NS      | $2758704.30   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                             | BLACKSTONE INC            | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Short            | EC               | CORP              | US        |   -161289 | NS      | $-21243374.19 | -1.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                       | BLUE OWL CAPITAL          | CUSIP: 09581B103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -667222 | NS      | $-12363623.66 | -1.16%            |  |  |  | No            |                  1 | On Loan: No      |
| BlueLinx Holdings Inc.                     | BLUELINX HOLDING          | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |     38999 | NS      | $2540394.86   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| The Boeing Company                         | BOEING CO/THE             | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Short            | EC               | CORP              | US        |    -18684 | NS      | $-3423656.16  | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Brookdale Senior Living Inc.               | BROOKDALE SR              | CUSIP: 112463104<br>LEI: LH7MQB13NWY7CJ9VC445 | Long             | EC               | CORP              | US        |    219901 | NS      | $1442550.56   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp.                               | B2GOLD CORP               | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |    706164 | NS      | $2196170.04   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc.                       | CAL-MAINE FOODS           | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Short            | EC               | CORP              | US        |    -35262 | NS      | $-3292412.94  | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Caleres Inc                                | CALERES INC               | CUSIP: 129500104<br>LEI: JFU6RQQJ8Z1CPOLBXQ18 | Long             | EC               | CORP              | US        |    534594 | NS      | $8147212.56   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                 | CARVANA CO                | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Short            | EC               | CORP              | US        |    -59589 | NS      | $-14560572.15 | -1.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems, Inc.                | CASELLA WASTE             | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Short            | EC               | CORP              | US        |   -102240 | NS      | $-12008088.00 | -1.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                             | CLOUDFLARE INC-A          | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Short            | EC               | CORP              | US        |    -44890 | NS      | $-5421814.20  | -0.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp.                    | COASTAL FINANCIAL CORP/WA | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Short            | EC               | CORP              | US        |    -49166 | NS      | $-4038986.90  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings, Inc.       | COGENT COMMUNICA          | CUSIP: 19239V302<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -102274 | NS      | $-5558591.90  | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corporation                         | ENOVIS CORP               | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |    391984 | NS      | $13558726.56  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group Inc           | COLLIERS-SUBORD           | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Short            | EC               | CORP              | US        |    -73556 | NS      | $-8780379.72  | -0.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                   | COMFORT SYSTEMS           | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Short            | EC               | CORP              | US        |    -42634 | NS      | $-16949146.70 | -1.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System Inc             | COMMUNITY FINANC          | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Short            | EC               | CORP              | US        |    -85918 | NS      | $-4690263.62  | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Compass Minerals International Inc.        | COMPASS MINERALS          | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |    342106 | NS      | $4597904.64   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                           | CONCENTRIX CORP           | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |    331288 | NS      | $16915565.28  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc.                 | CONSTRUCTION P-A          | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Short            | EC               | CORP              | US        |   -265688 | NS      | $-21823612.32 | -2.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Corecivic Inc                              | CORECIVIC INC             | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |    481638 | NS      | $10904284.32  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Corvel Corp                                | CORVEL CORP               | CUSIP: 221006109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -76949 | NS      | $-8368973.24  | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation               | COSTCO WHOLESALE          | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Short            | EC               | CORP              | US        |     -5936 | NS      | $-5903352.00  | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Coursera Inc                               | COURSERA                  | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               | CORP              | US        |   1229082 | NS      | $10348870.44  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                               | CRANE NXT CO              | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |    127156 | NS      | $5966159.52   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Acceptance Corporation of Michigan  | CREDIT ACCEPTANC          | CUSIP: 225310101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -21077 | NS      | $-10273351.34 | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                   | CROWDSTRIKE HO-A          | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Short            | EC               | CORP              | US        |    -51651 | NS      | $-22151564.37 | -2.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Allied Properties REIT                     | Allied Properties Real Es | CUSIP: 019456102<br>LEI: 549300AMZMPKVHA0MY77 | Long             | EC               | RF                | CA        |    597787 | NS      | $6652534.10   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Dentsply Sirona Inc                        | DENTSPLY SIRONA           | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |   1582695 | NS      | $21999460.50  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc.               | DESCARTES SYS             | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Short            | EC               | CORP              | CA        |    -21281 | NS      | $-2242804.59  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Linamar Corp                               | Linamar Corp              | CUSIP: 53278L107<br>LEI: 549300LW6VIYFRMFBU20 | Long             | EC               | CORP              | CA        |     26510 | NS      | $972948.14    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Domo Inc                                   | DOMO INC- CL B            | CUSIP: 257554105<br>LEI: 549300X57AGT5JULJ761 | Long             | EC               | CORP              | US        |    139098 | NS      | $1033498.14   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics Inc.                      | DOUGLAS DYNAMICS          | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |    279366 | NS      | $6699196.68   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc.                            | DRAFTKINGS INC            | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     83736 | NS      | $2787571.44   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dun & Bradstreet Holdings Inc              | DUN & BRADSTREET          | CUSIP: 26484T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1875764 | NS      | $16825603.08  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                               | DOXIMITY INC-A            | CUSIP: 26622P107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -98592 | NS      | $-5607912.96  | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Company                   | EASTMAN CHEMICAL          | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |     42254 | NS      | $3253558.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| 8X8 Inc.                                   | 8X8 INC                   | CUSIP: 282914100<br>LEI: 254900XWSOC5U1BRW939 | Long             | EC               | CORP              | US        |   3111530 | NS      | $5507408.10   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp                         | ELDORADO GOLD             | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |   1416861 | NS      | $26693661.24  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestis Corp.                               | VESTIS CORP               | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |    151498 | NS      | $1327122.48   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                          | EQUINOX GOLD COR          | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |    667984 | NS      | $4475492.80   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co                          | ERIE INDEMNITY-A          | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Short            | EC               | CORP              | US        |    -52323 | NS      | $-18764074.26 | -1.76%            |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                   | ETSY INC                  | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |     12753 | NS      | $554500.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Evertec Inc                                | EVERTEC INC               | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     64199 | NS      | $2178914.06   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                          | EVERSOURCE ENERG          | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    133639 | NS      | $7948847.72   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                               | EXPONENT INC              | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Short            | EC               | CORP              | US        |   -104093 | NS      | $-8190037.24  | -0.77%            |  |  |  | No            |                  1 | On Loan: No      |
| Flywire Corporation                        | FLYWIRE CORP-VOT          | CUSIP: 302492103<br>LEI: 54930055DSV7NNY4VY66 | Long             | EC               | CORP              | US        |    760963 | NS      | $7160661.83   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                     | FAIR ISAAC CORP           | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Short            | EC               | CORP              | US        |    -11008 | NS      | $-21902397.44 | -2.06%            |  |  |  | No            |                  1 | On Loan: No      |
| FARO Technologies Inc.                     | FARO TECH                 | CUSIP: 311642102<br>LEI: 529900MFEFNOFP3YR823 | Long             | EC               | CORP              | US        |    196169 | NS      | $5769330.29   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                       | FEDERATED HERMES          | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    168147 | NS      | $6828449.67   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc | FIDELITY NATIONA          | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     84030 | NS      | $6628286.40   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                  | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  33705858 | PA      | $33705858.35  | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First Foundation Inc.                      | FIRST FOUNDATION          | CUSIP: 32026V104<br>LEI: 254900TQZQ6LBCK77E82 | Long             | EC               | CORP              | US        |    457522 | NS      | $2296760.44   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                             | FIVE BELOW                | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |    111152 | NS      | $8435325.28   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Foot Locker, Inc.                          | FOOT LOCKER INC           | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |    603675 | NS      | $7407092.25   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Forrester Research Inc.                    | FORRESTER RESEAR          | CUSIP: 346563109<br>LEI: 549300UUSFXYLJ80Z897 | Long             | EC               | CORP              | US        |    261564 | NS      | $2445623.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulgent Genetics Inc                       | FULGENT GENETICS          | CUSIP: 359664109<br>LEI: 549300CL6P01M68QJ404 | Long             | EC               | CORP              | US        |    193071 | NS      | $3349781.85   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Healthcare Technologies Inc.            | GE HEALTHCARE TE          | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     64209 | NS      | $4515818.97   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc          | GAMING AND LEISU          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Short            | EC               | CORP              | US        |   -213659 | NS      | $-10225719.74 | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Gamestop Corp                              | GAMESTOP CORP-A           | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Short            | EC               | CORP              | US        |   -399732 | NS      | $-11136533.52 | -1.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Getty Images Holdings Inc                  | GETTY IMAGES HOL          | CUSIP: 374275105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3045698 | NS      | $5817283.18   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp.                              | GLAUKOS CORP              | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Short            | EC               | CORP              | US        |    -94539 | NS      | $-8910300.75  | -0.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                        | GLOBAL PAYMENTS           | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |    372419 | NS      | $28419293.89  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc                    | GOOSEHEAD INSU-A          | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Short            | EC               | CORP              | US        |   -164056 | NS      | $-15947883.76 | -1.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Graftech Intl Ltd                          | GRAFTECH INTERNA          | CUSIP: 384313508<br>LEI: 549300GY32W00XP57351 | Long             | EC               | CORP              | US        |    629345 | NS      | $398375.39    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                     | GUIDEWIRE SOFTWA          | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Short            | EC               | CORP              | US        |    -30712 | NS      | $-6288896.24  | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                           | HAEMONETICS CORP          | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     96243 | NS      | $6065233.86   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hain Celestial Group Inc.              | HAIN CELESTIAL            | CUSIP: 405217100<br>LEI: 5493000S8QXWHLIXDP75 | Long             | EC               | CORP              | US        |   1099972 | NS      | $3343914.88   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles International Inc     | HEIDRICK & STRUG          | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |    140823 | NS      | $5494913.46   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Jack & Associates Inc.               | JACK HENRY                | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Short            | EC               | CORP              | US        |    -24636 | NS      | $-4272621.48  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.        | HUNTINGTON INGAL          | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |     11858 | NS      | $2731371.72   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hurco Companies Inc.                       | HURCO COMPANIES           | CUSIP: 447324104<br>LEI: XSC5XDOTBYOBQPOG2O82 | Long             | EC               | CORP              | US        |     73715 | NS      | $1229566.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc.                          | IES HOLDINGS INC          | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Short            | EC               | CORP              | US        |    -43712 | NS      | $-8597276.16  | -0.81%            |  |  |  | No            |                  1 | On Loan: No      |
| Ingram Micro Holding Corporation           | INGRAM MICRO HOL          | CUSIP: 457152106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    334496 | NS      | $5947338.88   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Innodata Inc                               | INNODATA INC              | CUSIP: 457642205<br>LEI: L9O7MPYIT56T6KBE0R95 | Short            | EC               | CORP              | US        |    -79212 | NS      | $-2995797.84  | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc.                    | INSTEEL INDS              | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |    177535 | NS      | $6020211.85   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc            | INSTALLED BUILDI          | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Short            | EC               | CORP              | US        |    -79419 | NS      | $-13170052.77 | -1.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Integra LifeSciences Holdings Corporation  | INTEGRA LIFESCIE          | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |    289970 | NS      | $4752608.30   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Integral Ad Science Holding Corp.          | INTEGRAL AD SCIE          | CUSIP: 45828L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1505208 | NS      | $10641820.56  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp              | INTL BANCSHARES           | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Short            | EC               | CORP              | US        |    -74267 | NS      | $-4533257.68  | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                    | INTUITIVE SURGIC          | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Short            | EC               | CORP              | US        |    -43582 | NS      | $-22479595.60 | -2.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Intrepid Potash Inc.                       | INTREPID POTASH           | CUSIP: 46121Y201<br>LEI: 549300OZ696E2PRRTO45 | Long             | EC               | CORP              | US        |    257622 | NS      | $8511830.88   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Iovance Biotherapeutics Inc                | IOVANCE BIOTHERA          | CUSIP: 462260100<br>LEI: 2549002L8WT2ACU5Q878 | Long             | EC               | CORP              | US        |   3280195 | NS      | $11775900.05  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc.                        | IQVIA HOLDINGS I          | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     57209 | NS      | $8871399.63   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc.                         | IRON MOUNTAIN             | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Short            | EC               | CORP              | US        |   -162927 | NS      | $-14609664.09 | -1.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Jack in the Box Inc.                       | JACK IN THE BOX           | CUSIP: 466367109<br>LEI: 5493002OJW26P0SUUP68 | Long             | EC               | CORP              | US        |    464227 | NS      | $12088471.08  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Outdoors Inc.                      | JOHNSON OUTDOO-A          | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28021 | NS      | $639719.43    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                             | ZIFF DAVIS INC            | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |    210418 | NS      | $6213643.54   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                 | KADANT INC                | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Short            | EC               | CORP              | US        |    -57665 | NS      | $-17011175.00 | -1.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd.                | SAMSUN-GDR REG S          | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     13237 | NS      | $12786942.00  | 1.20%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Kohl's Corp.                               | KOHLS CORP                | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |    928731 | NS      | $6222497.70   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc                       | KOPPERS HOLDINGS          | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33142 | NS      | $830538.52    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Puma SE                                    | PUMA SE                   | CUSIP: D62318148<br>LEI: 529900GRZ2BQY5ZM9N49 | Long             | EC               | CORP              | DE        |    176752 | NS      | $4523007.53   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Inc                                 | LAZARD INC                | CUSIP: 52110M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84788 | NS      | $3298253.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt Inc.                       | LEGGETT & PLATT           | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |   1007428 | NS      | $9691457.36   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| LegalZoom.Com Inc.                         | LEGALZOOMCOM INC          | CUSIP: 52466B103<br>LEI: 5493000L8EBF74Y9JZ48 | Long             | EC               | CORP              | US        |    570069 | NS      | $4172905.08   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                        | LEIDOS HOLDINGS           | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     17042 | NS      | $2508241.56   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Lufthansa AG                      | DEUTSCHE LUFT-RG          | CUSIP: D1908N106<br>LEI: 529900PH63HYJ86ASW55 | Long             | EC               | CORP              | DE        |    838069 | NS      | $6001410.20   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| LEXARIA BIOSCIENCE CORP                    | LEXARIA BIOSCIEN WT       | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               | CORP              | US        |    320380 | NS      | $260116.52    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Lexaria Bioscience Corporation             | LEXARIA BIOSCIEN          | CUSIP: 52886N406<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    276794 | NS      | $321081.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lightspeed Commerce Inc                    | LIGHTSPEED COMME          | CUSIP: 53229C107<br>LEI: 254900T8MDWRTGMFZ257 | Long             | EC               | CORP              | CA        |    401617 | NS      | $3935846.60   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Liveramp Holdings Inc                      | LIVERAMP HOLDING          | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |    325252 | NS      | $8508592.32   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                          | LOAR HOLDINGS IN          | CUSIP: 53947R105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -205019 | NS      | $-19390697.02 | -1.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Aixtron SE                                 | AIXTRON SE                | CUSIP: D0257Y135<br>LEI: 5299004UJ4D51M25LD67 | Long             | EC               | CORP              | DE        |     27767 | NS      | $371958.17    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                   | LYFT INC-A                | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |   2840189 | NS      | $35218343.60  | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                       | M&T BANK CORP             | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     89369 | NS      | $15171281.44  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's, Inc.                               | MACY'S INC                | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |    754135 | NS      | $8612221.70   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc.                             | MAPLEBEAR INC             | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    273977 | NS      | $10928942.53  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                   | MARATHON PETROLE          | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     58982 | NS      | $8104716.62   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                            | MATCH GROUP INC           | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |    900733 | NS      | $26715740.78  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries, Inc.                    | MOHAWK INDS               | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     53166 | NS      | $5654204.10   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro Inc                                  | MONRO INC                 | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    499029 | NS      | $6956464.26   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                      | MONSTER BEVERAGE          | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Short            | EC               | CORP              | US        |    -95330 | NS      | $-5731239.60  | -0.54%            |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Company                         | MOSAIC CO/THE             | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |    184889 | NS      | $5620625.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corporation                     | MURPHY OIL CORP           | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    152225 | NS      | $3125179.25   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Myers Industries Inc.                      | MYERS INDS INC            | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |    671296 | NS      | $7048608.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| N-Able Inc.                                | N-ABLE INC                | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    297229 | NS      | $2098436.74   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PRO Medicus Ltd.                           | PRO MEDICUS LTD           | CUSIP: Q77301101<br>LEI: N/A                  | Short            | EC               | CORP              | AU        |   -113695 | NS      | $-16707943.09 | -1.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                                | NEOGEN CORP               | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |    469514 | NS      | $2371045.70   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| New Gold, Inc.                             | NEW GOLD INC              | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |   1725817 | NS      | $6868751.66   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                        | NEWMONT CORP              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    114084 | NS      | $6009945.12   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Nlight Inc.                                | NLIGHT INC                | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    807877 | NS      | $6228731.67   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                | NOVANTA INC               | CUSIP: 67000B104<br>LEI: 549300NBPHPTUPTS8070 | Short            | EC               | CORP              | CA        |    -37529 | NS      | $-4460696.94  | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                               | NVIDIA CORP               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Short            | EC               | CORP              | US        |   -197858 | NS      | $-21550693.36 | -2.02%            |  |  |  | No            |                  1 | On Loan: No      |
| NuScale Power Corp.                        | NUSCALE POWER CO          | CUSIP: 67079K100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -656313 | NS      | $-10875106.41 | -1.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                         | CHORD ENERGY COR          | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |    118534 | NS      | $10695322.82  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROHM Co Ltd.                               | Rohm Co Ltd               | CUSIP: J65328122<br>LEI: 5493009V2FGDEP7JFE59 | Long             | EC               | CORP              | JP        |    544351 | NS      | $4941893.53   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.             | OLD DOMINION FRT          | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Short            | EC               | CORP              | US        |    -62735 | NS      | $-9616020.80  | -0.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                          | OMNICOM GROUP             | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     73819 | NS      | $5622055.04   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Opendoor Technologies Inc.                 | OPENDOOR TECHNOL          | CUSIP: 683712103<br>LEI: 254900KX11YZ4HV5BQ47 | Long             | EC               | CORP              | US        |   1288721 | NS      | $977237.13    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyo Tire Corp.                            | TOYO TIRE CORP            | CUSIP: J92805175<br>LEI: 529900Y41RD7VQM9RF75 | Long             | EC               | CORP              | JP        |    443234 | NS      | $8277298.81   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                                | OVINTIV INC               | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     96917 | NS      | $3254472.86   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries, Inc.                    | OXFORD INDS INC           | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |     39543 | NS      | $1921789.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp.                                  | PVH CORP                  | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |    115775 | NS      | $7986159.50   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                  | PALANTIR TECHN-A          | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Short            | EC               | CORP              | US        |   -198423 | NS      | $-23501220.12 | -2.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                     | PALO ALTO NETWOR          | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Short            | EC               | CORP              | US        |   -102123 | NS      | $-19089852.39 | -1.79%            |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp.                       | PAR TECHNOLOGY            | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Short            | EC               | CORP              | US        |    -93761 | NS      | $-5475642.40  | -0.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Park National Corp                         | PARK NATL CORP            | CUSIP: 700658107<br>LEI: 5493001T01TDELV5OO63 | Short            | EC               | CORP              | US        |    -28322 | NS      | $-4251132.20  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc.                    | PATRICK INDS INC          | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Short            | EC               | CORP              | US        |    -61306 | NS      | $-4719335.88  | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                       | PAYPAL HOLDINGS           | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    419700 | NS      | $27633048.00  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN Entertainment Inc                     | PENN ENTERTAINME          | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1417826 | NS      | $21579311.72  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PetMed Express Inc.                        | PETMED EXPRESS            | CUSIP: 716382106<br>LEI: 529900PGHW5ASJ1AZL48 | Long             | EC               | CORP              | US        |     93679 | NS      | $316635.02    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc.                        | PLANET FITNESS-A          | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Short            | EC               | CORP              | US        |   -164332 | NS      | $-15544163.88 | -1.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                              | POPULAR INC               | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |    190683 | NS      | $18194971.86  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank                             | PREFERRED BANK            | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Short            | EC               | CORP              | US        |    -27900 | NS      | $-2228094.00  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Purple Innovation, Inc.                    | PURPLE INNOVATIO          | CUSIP: 74640Y106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    613418 | NS      | $415161.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                              | QUALCOMM INC              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      7578 | NS      | $1125029.88   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanterix Corporation                      | QUANTERIX CORP            | CUSIP: 74766Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    454758 | NS      | $2619406.08   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7 Inc.                                | RAPID7 INC                | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |    369199 | NS      | $8720480.38   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| RE/MAX Holdings Inc.                       | RE/MAX HOLDINGS           | CUSIP: 75524W108<br>LEI: 54930033W2KS56JHAN30 | Long             | EC               | CORP              | US        |    143267 | NS      | $1095992.55   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Rock Resorts Inc                       | RED ROCK RESOR-A          | CUSIP: 75700L108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -159012 | NS      | $-6789812.40  | -0.64%            |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                  | REGAL REXNORD CO          | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     40100 | NS      | $4244184.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corporation                       | REPLIGEN CORP             | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Short            | EC               | CORP              | US        |    -81095 | NS      | $-11190299.05 | -1.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Resources Connection Inc.                  | RESOURCES CONNEC          | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    639338 | NS      | $3666603.43   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ringcentral Inc                            | RINGCENTRAL IN-A          | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |    316001 | NS      | $8058025.50   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive Inc                      | RIVIAN AUTOMOT-A          | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |    578458 | NS      | $7901736.28   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                                | ROGERS CORP               | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     78615 | NS      | $4859193.15   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                | ROLLINS INC               | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Short            | EC               | CORP              | US        |   -291280 | NS      | $-16640826.40 | -1.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                            | SALESFORCE INC            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     18089 | NS      | $4860695.19   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings Inc.                 | SALLY BEAUTY HOL          | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |    955697 | NS      | $7779373.58   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                | SAMSARA INC-CL A          | CUSIP: 79589L106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -111678 | NS      | $-4429149.48  | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Mativ Holdings Inc                         | MATIV INC                 | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               | CORP              | US        |   1165838 | NS      | $5957432.18   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| The Scotts Miracle-Gro Company             | SCOTTS MIRACLE            | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     13700 | NS      | $690206.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp.                           | SEALED AIR CORP           | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |    461624 | NS      | $12722357.44  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares, Inc.               | SERVISFIRST BANC          | CUSIP: 81768T108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -71357 | NS      | $-5082045.54  | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Shake Shack Inc                            | SHAKE SHACK IN-A          | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Short            | EC               | CORP              | US        |    -99566 | NS      | $-8735920.84  | -0.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                           | SHUTTERSTOCK INC          | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |    446858 | NS      | $7131853.68   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                   | SIMON PROPERTY            | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Short            | EC               | CORP              | US        |    -27383 | NS      | $-4309536.54  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Snap Inc                                   | SNAP INC - A              | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |   1293012 | NS      | $10292375.52  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Company                    | SONOCO PRODUCTS           | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |    779936 | NS      | $31977376.00  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SoundHound AI Inc                          | SOUNDHOUND AI-A           | CUSIP: 836100107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -215361 | NS      | $-2000703.69  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc.                         | SPROUT SOCIAL-A           | CUSIP: 85209W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    258549 | NS      | $5406259.59   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                         | STATE ST CORP             | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |    102564 | NS      | $9035888.40   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group Inc                        | STEPSTONE GROU-A          | CUSIP: 85914M107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -233936 | NS      | $-11699139.36 | -1.10%            |  |  |  | No            |                  1 | On Loan: No      |
| TPG Inc                                    | TPG INC                   | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Short            | EC               | CORP              | US        |   -111417 | NS      | $-5175319.65  | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology Inc.            | TACTILE SYSTEMS           | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Long             | EC               | CORP              | US        |    226869 | NS      | $3203390.28   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Health Inc                         | TELADOC HEALTH I          | CUSIP: 87918A105<br>LEI: 549300I2PVFBC9MFAC61 | Long             | EC               | CORP              | US        |   1428906 | NS      | $10273834.14  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Incorporated                      | TELEFLEX INC              | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |    158862 | NS      | $21772037.10  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| 10X Genomics Inc                           | 10X GENOMICS I-A          | CUSIP: 88025U109<br>LEI: 5493003Z6741WNLG7H43 | Long             | EC               | CORP              | US        |    131741 | NS      | $1089498.07   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                                 | TENNANT CO                | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |    156307 | NS      | $11279113.12  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                  | TESLA INC                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Short            | EC               | CORP              | US        |    -64619 | NS      | $-18232897.04 | -1.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Incorporated             | TEXAS INSTRUMENT          | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Short            | EC               | CORP              | US        |   -131907 | NS      | $-21111715.35 | -1.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation             | TEXAS PACIFIC LA          | CUSIP: 88262P102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -10144 | NS      | $-13074297.28 | -1.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc.                              | METALLUS INC              | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |    386672 | NS      | $4891400.80   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                       | TOPBUILD COR              | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Short            | EC               | CORP              | US        |    -57637 | NS      | $-17046719.12 | -1.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Trueblue Inc                               | TRUEBLUE INC              | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    263155 | NS      | $1142092.70   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Unifi, Inc.                                | UNIFI INC                 | CUSIP: 904677200<br>LEI: 549300MW5LPO0M2LNO04 | Long             | EC               | CORP              | US        |    252306 | NS      | $1284237.54   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares Inc                      | UNITED BANKSHS            | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Short            | EC               | CORP              | US        |    -60296 | NS      | $-2067549.84  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                         | UNITY SOFTWARE I          | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |    140628 | NS      | $2963031.96   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                 | UPWORK INC                | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |    378829 | NS      | $4981601.35   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                         | VAIL RESORTS              | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      6826 | NS      | $950179.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                             | VERISIGN INC              | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Short            | EC               | CORP              | US        |    -54017 | NS      | $-15239276.04 | -1.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                | VERIZON COMMUNIC          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    135872 | NS      | $5986520.32   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Verint Systems Inc                         | VERINT SYSTEMS            | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |   1015099 | NS      | $17906346.36  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                | VIATRIS INC               | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |   3031965 | NS      | $25529145.30  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.               | VISHAY INTERTECH          | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    777721 | NS      | $10102595.79  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group Inc.                | VISHAY PRECI              | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107662 | NS      | $2685090.28   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corporation                        | VISTEON CORP              | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     60306 | NS      | $4775632.14   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Vivid Seats Inc                            | VIVID SEATS IN-A          | CUSIP: 92854T100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    211392 | NS      | $594011.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corporation                        | VONTIER CORP              | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     39947 | NS      | $1270714.07   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.                | WARNER BROS DISC          | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |   2318772 | NS      | $20103753.24  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corporation                         | WATERS CORP               | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Short            | EC               | CORP              | US        |    -26023 | NS      | $-9048977.79  | -0.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                  | WESCO INTL                | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      8892 | NS      | $1449040.32   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica Bancorp                        | WESTAMERICA BANC          | CUSIP: 957090103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50428 | NS      | $2442228.04   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                    | WEX INC                   | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     49207 | NS      | $6415116.59   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp.                            | WHIRLPOOL CORP            | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |     45653 | NS      | $3482410.84   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc.                       | WILLIAMS-SONOMA           | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Short            | EC               | CORP              | US        |   -130697 | NS      | $-20188765.59 | -1.89%            |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                               | WINGSTOP INC              | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Short            | EC               | CORP              | US        |    -31627 | NS      | $-8346049.03  | -0.78%            |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corporation                   | WORLD KINECT COR          | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     46305 | NS      | $1161792.45   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hikma Pharmaceuticals PLC                  | HIKMA PHARMACEUT          | CUSIP: G4576K104<br>LEI: 549300BNS685UXH4JI75 | Long             | EC               | CORP              | GB        |    183648 | NS      | $4858671.71   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Gerresheimer AG                            | Gerresheimer AG           | CUSIP: D2852S109<br>LEI: 5299006GD4UWSYZOKC28 | Long             | EC               | CORP              | DE        |     90630 | NS      | $6103653.06   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                                | PANDORA A/S               | CUSIP: K7681L102<br>LEI: 5299007OWYZ6I1E46843 | Short            | EC               | CORP              | DK        |    -18613 | NS      | $-2746170.14  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Brunello Cucinelli S.p.A.                  | BRUNELLO CUCINEL          | CUSIP: T2R05S109<br>LEI: 5493003CX2RZ0FOBH256 | Short            | EC               | CORP              | IT        |    -89633 | NS      | $-10073041.90 | -0.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Hugo Boss AG                               | HUGO BOSS AG              | CUSIP: D34902102<br>LEI: 529900LFVU534EBRXD13 | Long             | EC               | CORP              | DE        |     28219 | NS      | $1170032.69   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosegur Compania de Seguridad SA          | PROSEGUR                  | CUSIP: E83453188<br>LEI: 549300N94L4D5NDBFG97 | Long             | EC               | CORP              | ES        |    575891 | NS      | $1602961.92   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc                   | TOREX GOLD RESOU          | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |    148174 | NS      | $4799640.97   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ISS A/S                                    | ISS A/S                   | CUSIP: K5591Y107<br>LEI: 213800LEZA58SZNCBN19 | Long             | EC               | CORP              | DK        |    444092 | NS      | $11133672.42  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Exor Nv                                    | EXOR NV                   | CUSIP: N3140A107<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | NL        |     55192 | NS      | $5187547.39   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Deliveroo PLC                              | DELIVEROO PLC             | CUSIP: G27035107<br>LEI: 984500F6537F74DDEE77 | Long             | EC               | CORP              | GB        |    465268 | NS      | $1057300.43   | 0.10%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Lumine Group Inc                           | LUMINE GROUP INC          | CUSIP: 55027C106<br>LEI: 984500E3C44B9D44M738 | Short            | EC               | CORP              | CA        |   -120686 | NS      | $-3902247.50  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Signify NV                                 | SIGNIFY NV                | CUSIP: N8063K107<br>LEI: 549300072P3J1X8NZO35 | Long             | EC               | CORP              | NL        |    276119 | NS      | $5688301.85   | 0.53%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Spin Master Corporation                    | SPIN MASTER -SVC          | CUSIP: 848510103<br>LEI: 549300JH0ZG8BVEPRY76 | Long             | EC               | CORP              | CA        |    190663 | NS      | $3372216.17   | 0.32%             |  |  |  | Yes           |                  1 | On Loan: No      |
| N/A                                        | CADE US 06/20/25 P30      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       396 | NC      | $71280.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                        | CURRENCY CONTRACT - JPY   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1062457 | NC      | $-2081.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                        | CFG US 06/20/25 P40       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       594 | NC      | $225720.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Amer Sports Inc.                           | AMER SPORTS INC           | CUSIP: G0260P102<br>LEI: 391200YCSWTRD1J21867 | Short            | EC               | CORP              | KY        |   -528295 | NS      | $-12811153.75 | -1.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Clarivate PLC                              | CLARIVATE PLC             | CUSIP: G21810109<br>LEI: 549300WDHIIODXFO0R55 | Long             | EC               | CORP              | JE        |   5009180 | NS      | $21589565.80  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dole PLC                                   | DOLE PLC                  | CUSIP: G27907107<br>LEI: 635400JUG5XJXOPPJJ47 | Long             | EC               | CORP              | IE        |    503539 | NS      | $7648757.41   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Avadel Pharmaceuticals PLC                 | AVADEL PHARMACEU          | CUSIP: G29687103<br>LEI: 549300E27PTSG2RHC762 | Long             | EC               | CORP              | IE        |    115167 | NS      | $1023834.63   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce Inc.               | FRESH DEL MONTE           | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |    199711 | NS      | $6792171.11   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen Of Troy Corp                         | HELEN OF TROY             | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    304506 | NS      | $8483537.16   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Joby Aviation Inc.                         | JOBY AVIATION IN          | CUSIP: G65163100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |  -1624696 | NS      | $-10235584.80 | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Ltd.                           | NOMAD FOODS               | CUSIP: G6564A105<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | VG        |    217629 | NS      | $4350403.71   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC           | SENSATA TECHNOLO          | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |    771258 | NS      | $16504921.20  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc                      | PENGUIN SOLUTION          | CUSIP: G8232Y101<br>LEI: 529900RDGHQY8XKXPN14 | Long             | EC               | CORP              | KY        |    183844 | NS      | $3138217.08   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings PLC                        | TRONOX HOLDING            | CUSIP: G9087Q102<br>LEI: 549300NRVC84SGJSXV06 | Long             | EC               | CORP              | GB        |    226891 | NS      | $1227480.31   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion S.A.                                 | ORION SA                  | CUSIP: L72967109<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |    122040 | NS      | $1469361.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology S.A.                    | SPOTIFY TECHNOLO          | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Short            | EC               | CORP              | LU        |     -7331 | NS      | $-4501087.38  | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Riskified Limited                          | RISKIFIED LTD-A           | CUSIP: M8216R109<br>LEI: 894500GU19M0O0BYWM49 | Long             | EC               | CORP              | IL        |    574685 | NS      | $2637804.15   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Stratasys Ltd                              | STRATASYS LTD             | CUSIP: M85548101<br>LEI: 529900MU215GIP9SZ741 | Long             | EC               | CORP              | IL        |   1366903 | NS      | $12903564.32  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari N V                                | FERRARI NV                | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Short            | EC               | CORP              | NL        |    -11748 | NS      | $-5424991.44  | -0.51%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | SNV US 05/16/25 P45       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       594 | NC      | $147015.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                        | ZION US 06/20/25 P45      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       792 | NC      | $196020.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-28

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer