# EDGAR Filing Document

**Accession Number:** 0000924727
**File Stem:** 0001193125-25-213236
**Filing Date:** 2025-9
**Character Count:** 107459
**Document Hash:** 42ed94bd9ee05aab4824ca7c2bd8b3af
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-213236.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0001193125-25-213236

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust III
- **CENTRAL INDEX KEY:** 0000924727

**ORGANIZATION NAME:**
- **EIN:** 043236699
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08544
- **FILM NUMBER:** 251333536

**BUSINESS ADDRESS:**
- **STREET 1:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 626-385-5777

**MAIL ADDRESS:**
- **STREET 1:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FPA FUNDS TRUST
- **DATE OF NAME CHANGE:** 20021028

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UAM FUNDS TRUST
- **DATE OF NAME CHANGE:** 19951101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** REGIS FUND II
- **DATE OF NAME CHANGE:** 19940606

## Series and Classes Contracts Data

### MANTEIO MULTIALTERNATIVE STRATEGY FUND (Series ID: S000088667)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000255006 | Class I Shares | CSQIX           |
| C000255007 | Class A Shares | CSQAX           |

## Nport-Ex

**Manteio Multialternative Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS**

**As of July 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 26.6%** |  |
|  | **APPAREL & TEXTILE PRODUCTS — 2.0%** |  |
| 66813 | Skechers USA, Inc. - Class A\* | $**4225922** |
|  | **ASSET MANAGEMENT — 0.9%** |  |
| 74729 | Bridge Investment Group Holdings, Inc. - Class A | 765225 |
| 10262 | Robinhood Markets, Inc. - Class A\* | 1057499 |
|  |  | **1822724** |
|  | **AUTOMOTIVE — 0.5%** |  |
| 3294 | Tesla, Inc.\* | **1015441** |
|  | **BANKING — 1.2%** |  |
| 78219 | Veritex Holdings, Inc. | **2481107** |
|  | **DIVERSIFIED INDUSTRIALS — 0.5%** |  |
| 6725 | 3M Co. | **1003505** |
|  | **E-COMMERCE DISCRETIONARY — 0.6%** |  |
| 13775 | eBay, Inc. | **1263856** |
|  | **ELECTRICAL EQUIPMENT — 1.9%** |  |
| 10538 | Amphenol Corp. - Class A | 1122402 |
| 265691 | Evolv Technologies Holdings, Inc.\* | 1741605 |
| 9877 | Johnson Controls International PLC | 1037085 |
|  |  | **3901092** |
|  | **ENTERTAINMENT CONTENT — 1.4%** |  |
| 2981 | AppLovin Corp. - Class A\* | 1164677 |
| 847 | Netflix, Inc.\* | 982012 |
| 58138 | Paramount Global - Class B | 730794 |
|  |  | **2877483** |
|  | **INSTITUTIONAL FINANCIAL SVCS — 1.2%** |  |
| 6652 | Coinbase Global, Inc. - Class A\* | **2512860** |
|  | **INTERNET MEDIA & SERVICES — 2.1%** |  |
| 4518 | DoorDash, Inc. - Class A\* | 1130630 |
| 104030 | Just Eat Takeaway.com NV\* | 2376212 |
| 1502 | Spotify Technology SA\* | 941063 |
|  |  | **4447905** |
|  | **RETAIL - CONSUMER STAPLES — 0.9%** |  |
| 31858 | SpartanNash Co. | 845512 |
| 11136 | Walmart, Inc. | 1091105 |
|  |  | **1936617** |
|  | **RETAIL - DISCRETIONARY — 0.6%** |  |
| 3010 | Carvana Co.\* | **1174412** |
|  | **SEMICONDUCTORS — 0.5%** |  |
| 3773 | Broadcom, Inc. | **1108130** |
|  | **SOFTWARE — 4.7%** |  |
| 76404 | Cantaloupe, Inc.\* | 845792 |

---

**Manteio Multialternative Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued**

**As of July 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **SOFTWARE (Continued)** |  |
| 5582 | Cloudflare, Inc.\* | $1159270 |
| 13736 | Docusign, Inc.\* | 1038991 |
| 261537 | E2open Parent Holdings, Inc.\* | 863072 |
| 10243 | Fortinet, Inc.\* | 1023276 |
| 250467 | Olo, Inc.\* | 2624894 |
| 7021 | Palantir Technologies, Inc. - Class A\* | 1111775 |
| 8674 | Twilio, Inc. - Class A\* | 1118946 |
|  |  | **9786016** |
|  | **SPECIALTY FINANCE — 3.7%** |  |
| 11359 | Circle Internet Group, Inc.\* | 2084603 |
| 464900 | Dun & Bradstreet Holdings, Inc. | 4230590 |
| 9758 | Mr. Cooper Group, Inc.\* | 1519516 |
|  |  | **7834709** |
|  | **TECHNOLOGY HARDWARE — 0.6%** |  |
| 307019 | Xerox Holdings Corp. | **1243427** |
|  | **TECHNOLOGY SERVICES — 0.5%** |  |
| 3758 | International Business Machines Corp. | **951338** |
|  | **TELECOMMUNICATIONS — 0.5%** |  |
| 39317 | AT&T, Inc. | **1077679** |
|  | **TOBACCO & CANNABIS — 1.4%** |  |
| 2947858 | Canopy Growth Corp.\* | **3036294** |
|  | **TRANSPORTATION & LOGISTICS — 0.9%** |  |
| 52241 | Andlauer Healthcare Group, Inc. | **1998248** |
|  | **TOTAL COMMON STOCKS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $52,736,000) | **55698765** |
|  | **EXCHANGE-TRADED FUNDS — 2.0%** |  |
| 8597 | Invesco Nasdaq Internet ETF | 453062 |
| 7636 | Invesco S&P Global Water Index ETF | 474501 |
| 15324 | iShares Cybersecurity and Tech ETF | 780145 |
| 2313 | iShares ESG MSCI USA Leaders ETF | 257448 |
| 4515 | iShares iBonds Dec 2026 Term Muni Bond ETF | 115719 |
| 13610 | iShares Micro-Cap ETF | 1777330 |
| 12810 | SPDR S&P International Small Cap ETF | 477566 |
|  | **TOTAL EXCHANGE-TRADED FUNDS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $4,301,686) | **4335771** |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  |  |
|  | **SHORT-TERM INVESTMENTS — 61.6%** |  |
|  | **MONEY MARKET INVESTMENTS — 26.4%** |  |
| $55221878 | UMB Bank, Money Market Special II Deposit Investment, 4.19%<sup>(a),(b)</sup> | **55221878** |

---

**Manteio Multialternative Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued**

**As of July 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  | Value |
|  | **SHORT-TERM INVESTMENTS (Continued)** |  |
|  | **MONEY MARKET INVESTMENTS (Continued)** |  |
|  | **TREASURY BILLS — 35.2%** |  |
|  | United States Treasury Bill |  |
| $4000000 | 4.15%, 8/7/2025<sup>(b),(c)</sup> | $3997132 |
| 4000000 | 3.88%, 9/4/2025<sup>(b),(c)</sup> | 3983772 |
| 7000000 | 4.17%, 10/2/2025<sup>(b),(c)</sup> | 6948823 |
| 9000000 | 4.03%, 10/30/2025<sup>(b),(c)</sup> | 8904546 |
| 9000000 | 4.04%, 11/28/2025<sup>(b),(c)</sup> | 8874621 |
| 9000000 | 3.98%, 12/26/2025<sup>(b),(c)</sup> | 8846775 |
| 9000000 | 4.02%, 1/22/2026<sup>(b),(c)</sup> | 8820000 |
| 6000000 | 4.06%, 2/19/2026<sup>(c)</sup> | 5862726 |
| 6000000 | 4.03%, 3/19/2026<sup>(c)</sup> | 5844048 |
| 6000000 | 3.98%, 4/16/2026<sup>(c)</sup> | 5826336 |
| 6000000 | 3.98%, 5/14/2026<sup>(c)</sup> | 5808126 |
|  |  | **73716905** |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $129,009,798) | **128938783** |
|  | **TOTAL INVESTMENTS — 90.2%** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $186,047,484) | **188973319** |
|  | Other Assets in Excess of Liabilities — 9.8% | 20438139 |
|  | **TOTAL NET ASSETS — 100.0%** | $**209411458** |

---

---

| | | |
|:---|:---|:---|
| Number<br> of Contracts |  |  |
|  | **WRITTEN OPTIONS CONTRACTS — (0.0)%** |  |
|  | **PUT OPTIONS — (0.0)%** |  |
|  | S&P 500 Index |  |
|  | Exercise Price: $6,295.00, Notional Amount: $(12590000) |  |
| (20) | Expiration Date: August 15, 2025 | **(99000)** |
|  | **TOTAL PUT OPTIONS** |  |
|  | &nbsp;&nbsp;&nbsp;(Proceeds $126,240) | **(99000)** |
|  | **TOTAL WRITTEN OPTIONS CONTRACTS** |  |
|  | &nbsp;&nbsp;&nbsp;(Proceeds $126,240) | $**(99000)** |

---

ETF – Exchange-Traded Fund

PLC – Public Limited Company

\* Non-income producing security.

<sup>(a)</sup> The rate is the annualized seven-day yield at period end.

<sup>(b)</sup> All or a portion of this investment is a holding of Manteio Cayman Multialternative Strategy Fund, Ltd.

<sup>(c)</sup> Treasury bill discount rate.

**Manteio Multialternative Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued**

**As of July 31, 2025 (Unaudited)**

**SWAP CONTRACTS**

**EQUITY SWAP CONTRACTS**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Counterparty | Reference Entity | Fund Pays | Fund Receives | Pay/Receive<br> Frequency | Termination<br> Date | Notional<br> Amount | Premium<br> Paid<br> (Received) | Unrealized<br> Appreciation<br> (Depreciation) |
| &nbsp;&nbsp;&nbsp;BNP Paribas | BNP Paribas Alpha Momentum ex-Agriculture and Livestock Net Index <sup>1,2</sup> | 0.30% | Basket Return | At Maturity | 9/30/25 | $20123723 | $- | $(474898) |
| &nbsp;&nbsp;&nbsp;BNP Paribas | BNP Paribas Buy Write Call Gold Daily Index <sup>1,2</sup> | 0.50% | Basket Return | At Maturity | 9/30/25 | 16004159 |  | 20523 |
| &nbsp;&nbsp;&nbsp;BNP Paribas | BNP Paribas Dynamic Pre-Roll Alpha ex-Agriculture and Livestock Index <sup>1,2</sup> | 0.35% | Basket Return | At Maturity | 9/30/25 | 15908120 |  | 181808 |
| &nbsp;&nbsp;&nbsp;BNP Paribas | BNP Paribas Equity Low Volatility Europe LS Index <sup>2</sup> | 1.50% | Basket Return | At Maturity | 9/30/25 | 15944060 |  | (234674) |
| &nbsp;&nbsp;&nbsp;BNP Paribas | BNP Paribas GALAXY World Excess Return USD LS Index <sup>2</sup> | 0.08% | Basket Return | At Maturity | 9/30/25 | 21278727 |  | 230602 |
| &nbsp;&nbsp;&nbsp;BNP Paribas | BNP Paribas PPP Long Term Value G10 USD Index <sup>2</sup> | 0.00% | Basket Return | At Maturity | 9/30/25 | 8404407 |  | (140220) |
| &nbsp;&nbsp;&nbsp;BNP Paribas | BNP Paribas PPP Long Term Value G10 USD Index <sup>2</sup> | 0.00% | Basket Return | At Maturity | 9/30/25 | 7393032 |  | (31888) |
| &nbsp;&nbsp;&nbsp;BNP Paribas | BNP USD Custom Equity Basket <sup>2</sup> | 3.70% | Basket Return | At Maturity | 9/30/25 | 24875675 |  | (404323) |
| &nbsp;&nbsp;&nbsp;BNP Paribas | BNP Paribas Volatility Index ER <sup>2</sup> | 0.35% | Basket Return | At Maturity | 9/30/25 | 15863257 |  | (33046) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Bloomberg Agriculture Subindex <sup>1</sup> | Index Return | 0.18% | At Maturity | 9/30/25 | 861842 |  | 14823 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Bloomberg Energy Subindex <sup>1</sup> | Index Return | 0.09% | At Maturity | 9/30/25 | 370105 |  | (8588) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Bloomberg Industrial Metals Subindex <sup>1</sup> | 0.10% | Index Return | At Maturity | 9/30/25 | 582634 |  | (47539) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Bloomberg Precious Metals Subindex <sup>1</sup> | 0.07% | Index Return | At Maturity | 9/30/25 | 1240259 |  | (133) |
| &nbsp;&nbsp;&nbsp;Macquarie Bank Ltd. | Macquarie Bond Auction Congestion Basket Index <sup>2</sup> | 0.15% | Basket Return | At Maturity | 9/30/25 | 13491782 |  | (3008) |
| &nbsp;&nbsp;&nbsp;Macquarie Bank Ltd. | Macquarie Bond Auction Congestion Basket Index <sup>2</sup> | 0.15% | Basket Return | At Maturity | 9/30/25 | 2375920 |  |  |
| &nbsp;&nbsp;&nbsp;Macquarie Bank Ltd. | Macquarie Intraday Momentum in WTI Crude <sup>1</sup> | 0.15% | Basket Return | At Maturity | 9/30/25 | 5709688 |  | 33998 |
| &nbsp;&nbsp;&nbsp;Macquarie Bank Ltd. | Macquarie Intraday Momentum in WTI Crude <sup>1</sup> | 0.15% | Basket Return | At Maturity | 9/30/25 | 4935784 |  | 29390 |
| &nbsp;&nbsp;&nbsp;Macquarie Bank Ltd. | Macquarie WTI Intraday Mean Reversion Index <sup>1</sup> | 0.15% | Index Return | At Maturity | 9/30/25 | 9880738 |  | (167099) |
| &nbsp;&nbsp;&nbsp;Macquarie Bank Ltd. | Macquarie WTI Intraday Mean Reversion Index <sup>1</sup> | 0.15% | Index Return | At Maturity | 9/30/25 | 10837246 |  | 178935 |
| &nbsp;&nbsp;&nbsp;Societe Generale | SGI Commodity Dynamic Alpha Index <sup>1,2</sup> | 0.30% | Basket Return | At Maturity | 9/30/25 | 21269188 |  | 47365 |
| &nbsp;&nbsp;&nbsp;Societe Generale | SGI Rates Slope Trend Index <sup>2</sup> | 0.15% | Basket Return | At Maturity | 9/30/25 | 21007180 |  | (248228) |
| &nbsp;&nbsp;&nbsp;Societe Generale | SGI US Strong Balance Sheet Beta Hedged Index <sup>2</sup> | 0.20% | Basket Return | At Maturity | 9/30/25 | 15963399 |  | 3111 |
| &nbsp;&nbsp;&nbsp;Societe Generale | SGI Volume Premium US Total Return Index <sup>2</sup> | 0.20% | Basket Return | At Maturity | 9/30/25 | 25422619 |  | (176650) |
| &nbsp;&nbsp;&nbsp;BNP Paribas | BNP Paribas Buy Write Call Gold Daily Index <sup>1,2</sup> | 0.50% | Basket Return | At Maturity | 10/1/25 | 5080290 |  | (4064) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Alerian MLP Infrastructure Index | Daily SOFR + 1.05% | Index Return | At Maturity | 10/1/25 | 5113408 |  | (132412) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Alerian MLP Infrastructure Index | Daily SOFR + 0.90% | Index Return | At Maturity | 10/1/25 | 10962875 |  | 365882 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Consumer Staples Select Sector Index | Daily SOFR + 0.63% | Index Return | At Maturity | 10/1/25 | 2627934 |  | (34090) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs USD Custom Equity Basket <sup>2</sup> | 5.08% | Basket Return | At Maturity | 10/1/25 | 15893895 |  | (213234) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs USD Custom Equity Basket <sup>2</sup> | 4.90% | Basket Return | At Maturity | 10/1/25 | 11035235 |  | 134158 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs USD Custom Equity Basket <sup>2</sup> | Basket Return | 4.10% | At Maturity | 10/1/25 | 10702277 |  | (25791) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Russell 2000 Total Return Index | Index Return | Daily SOFR - 0.03% | Monthly | 10/1/25 | 15993835 |  | 354114 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Russell 2000 Total Return Index | Index Return | Daily SOFR - 0.02% | Monthly | 10/1/25 | 311854 |  | 4042 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | S&P 500 Total Return Index | Index Return | Daily SOFR + 0.50% | Monthly | 10/1/25 | 31163265 |  | (457945) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs Commodity COT Strategy <sup>1,2</sup> | 0.00% | Basket Return | At Maturity | 10/2/25 | 15882470 |  | (211644) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs Commodity COT Timespread Strategy <sup>1,2</sup> | 0.00% | Basket Return | At Maturity | 10/2/25 | 15870840 |  | 14426 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs Dispersion US Series 31 Excess Return Strategy <sup>2</sup> | 0.00% | Basket Return | At Maturity | 10/2/25 | 15911034 |  | (523782) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs RP Equity World Long Short Series 109 Excess Return Strategy <sup>2</sup> | 0.00% | Basket Return - 0.60% | At Maturity | 10/2/25 | 10449546 |  |  |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs SAGE Commodity Pairs Strategy <sup>1,2</sup> | 0.00% | Basket Return | At Maturity | 10/2/25 | 20904444 |  | 195521 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs SAGE Commodity Pairs Strategy <sup>1,2</sup> | 0.00% | Basket Return | At Maturity | 10/2/25 | 5505245 |  | (21964) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldmand Sachs Vvol Carry Series 75 Excess Return Strategy <sup>2</sup> | 0.00% | Basket Return | At Maturity | 10/2/25 | 4231994 |  | (73899) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldmand Sachs Vvol Carry Series 75 Excess Return Strategy <sup>2</sup> | 0.00% | Basket Return | At Maturity | 10/2/25 | 10295193 |  | (56430) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldmand Sachs Vvol Carry Series 75 Excess Return Strategy <sup>2</sup> | 0.00% | Basket Return | At Maturity | 10/2/25 | 10781811 |  | 90936 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs RP Equity World Long Short Series 112 Excess Return Strategy <sup>2</sup> | 0.00% | Basket Return - 0.60% | At Maturity | 10/2/25 | 9752169 |  | 129713 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs RP Equity World Long Short Series 112 Excess Return Strategy <sup>2</sup> | 0.00% | Basket Return - 0.60% | At Maturity | 10/2/25 | 6212654 |  | (60366) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | MSCI Germany Total Return (Net) Index | Daily SOFR + 0.34% | Index Return | At Maturity | 10/3/25 | 2767071 |  | (44995) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Frontier Communications Parent, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 991058 |  | 3872 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Kellanova | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 977814 |  | (1048) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Paramount Global - Class B | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 990046 |  | (12) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Spirent Communication PLC | Daily SONIA + 0.48% | Equity Return | Monthly | 11/28/25 | 64241 |  | 305 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Spirent Communication PLC | Daily SONIA + 0.48% | Equity Return | Monthly | 11/28/25 | 157229 |  | 733 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Surmodics, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 203301 |  | 34891 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Kellanova | Daily SOFR + 0.485% | Equity Return | Monthly | 3/13/26 | 1106009 |  | (1185) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Paramount Global - Class B | Daily SOFR + 0.485% | Equity Return | Monthly | 3/13/26 | 846905 |  | (10) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Surmodics, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 3/13/26 | 212467 |  | 36464 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | iShares MSCI EAFE Value ETF | Daily SOFR + 0.485% | Equity Return | Monthly | 5/14/26 | 9974 |  | 1 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | iShares iBoxx $ High Yield Corporate Bond ETF | Daily SOFR + 0.485% | Equity Return | Monthly | 5/15/26 | 9529606 |  | 66752 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | iShares MSCI EAFE Value ETF | Daily SOFR + 0.485% | Equity Return | Monthly | 6/1/26 | 2518694 |  | 332 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Apollo Global Management, Inc. | Equity Return | Daily SOFR - 0.400% | Monthly | 6/12/26 | 487246 |  | (11930) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Frontier Communications Parent, Inc. | 0.485% | Equity Return | Monthly | 6/12/26 | 483637 |  | 3268 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Rocket Companies, Inc. | Equity Return | Daily SOFR - 1.7411% | Monthly | 6/12/26 | 473747 |  | (47739) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | iShares iBoxx $ High Yield Corporate Bond ETF | Daily SOFR + 0.485% | Equity Return | Monthly | 6/23/26 | 1160477 |  | 709 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | iShares MSCI EAFE Value ETF | Daily SOFR + 0.485% | Equity Return | Monthly | 6/23/26 | 361725 |  | 1116 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Apollo Global Management, Inc. | Equity Return | Daily SOFR - 0.400% | Monthly | 6/26/26 | 61873 |  | (1532) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Frontier Communications Parent, Inc. | 0.485% | Equity Return | Monthly | 6/26/26 | 187167 |  | 1265 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | iShares iBoxx $ High Yield Corporate Bond ETF | Daily SOFR + 0.485% | Equity Return | Monthly | 6/26/26 | 10737324 |  | 3123 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Kellanova | Daily SOFR + 0.485% | Equity Return | Monthly | 6/26/26 | 263996 |  | (714) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Rocket Companies, Inc. | Equity Return | Daily SOFR - 1.7323% | Monthly | 6/26/26 | 60152 |  | (6061) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Surmodics, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 6/26/26 | 52705 |  | 9045 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Rocket Companies, Inc. | Equity Return | Daily SOFR - 8.50% | Monthly | 7/3/26 | 1844 |  | (196) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Surmodics, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 7/3/26 | 2721 |  | 467 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Apollo Global Management, Inc. | Equity Return | Daily SOFR - 0.40% | Monthly | 7/8/26 | 5240 |  | (134) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Frontier Communications Parent, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 7/8/26 | 8899 |  | 36 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Kellanova | Daily SOFR + 0.485% | Equity Return | Monthly | 7/8/26 | 16472 |  | (25) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Rocket Companies, Inc. | Equity Return | Daily SOFR - 8.00% | Monthly | 7/8/26 | 412512 |  | (39872) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Apollo Global Management, Inc. | Equity Return | Daily SOFR - 0.40% | Monthly | 7/17/26 | 1574 |  | 62 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Frontier Communications Parent, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 7/17/26 | 4253 |  | (15) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Kellanova | Daily SOFR + 0.485% | Equity Return | Monthly | 7/17/26 | 6056 |  | (2) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Rocket Companies, Inc. | Equity Return | Daily SOFR - 5.76% | Monthly | 7/17/26 | 2401 |  | (248) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Surmodics, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 7/17/26 | 1183 |  | 150 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Apollo Global Management, Inc. | Equity Return | Daily SOFR - 0.40% | Monthly | 7/24/26 | 3046 |  | 316 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Frontier Communications Parent, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 7/24/26 | 7487 |  | (47) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Huntington Bancshares, Inc. | Equity Return | Daily SOFR - 0.40% | Monthly | 7/24/26 | 1891696 |  | 42911 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | iShares iBoxx $ High Yield Corporate Bond ETF | Daily SOFR + 0.485% | Equity Return | Monthly | 7/24/26 | 10226440 |  | (27335) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Kellanova | Daily SOFR + 0.485% | Equity Return | Monthly | 7/24/26 | 10526 |  | (31) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Rocket Companies, Inc. | Equity Return | Daily SOFR - 5.10% | Monthly | 7/24/26 | 6019 |  | 430 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Surmodics, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 7/24/26 | 1911 |  | 16 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Apollo Global Management, Inc. | Equity Return | Daily SOFR - 0.40% | Monthly | 7/31/26 | 227675 |  |  |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Frontier Communications Parent, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 7/31/26 | 648230 |  |  |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Huntington Bancshares, Inc. | Equity Return | Daily SOFR - 0.40% | Monthly | 7/31/26 | 710816 |  |  |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | iShares iBoxx $ High Yield Corporate Bond ETF | Daily SOFR + 0.485% | Equity Return | Monthly | 7/31/26 | 40751 |  |  |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | iShares MSCI EAFE Value ETF | Daily SOFR + 0.485% | Equity Return | Monthly | 7/31/26 | 2757376 |  |  |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Kellanova | Daily SOFR + 0.485% | Equity Return | Monthly | 7/31/26 | 922876 |  |  |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Rocket Companies, Inc. | Equity Return | Daily SOFR - 5.442% | Monthly | 7/31/26 | 445109 |  |  |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Surmodics, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 7/31/26 | 191704 |  | - |
| **TOTAL EQUITY SWAP CONTRACTS** | **TOTAL EQUITY SWAP CONTRACTS** | **TOTAL EQUITY SWAP CONTRACTS** | **TOTAL EQUITY SWAP CONTRACTS** | **TOTAL EQUITY SWAP CONTRACTS** | **TOTAL EQUITY SWAP CONTRACTS** |  |  | $**(1733440)** |

---

<sup>1</sup> This investment is a holding of Manteio Cayman Multialternative Strategy Fund, Ltd.

<sup>2</sup> The index constituents are available on the Fund's website.

SOFR – Secured Overnight Financing Rate

SONIA – Sterling Overnight Index Average

**Manteio Multialternative Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued**

**As of July 31, 2025 (Unaudited)**

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Purchase Contracts** | **Counterparty** | **Currency<br> Exchange** | **Settlement<br> Date** | **Currency<br> Amount<br> Purchased** | **Value At<br> Settlement<br> Date** | **Value At<br> July 31, 2025** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| South African Rand | Goldman Sachs | ZAR per USD | 8/19/2025 | 23743854 | $1322453 | $1301588 | $(20865) |
| Turkish Lira | Goldman Sachs | TRY per USD | 8/19/2025 | 55104426 | 1336270 | 1333504 | (2766) |
| Australian Dollar | Goldman Sachs | AUD per USD | 8/20/2025 | 2327370 | 1503760 | 1496239 | (7521) |
| Brazilian Real | Goldman Sachs | BRL per USD | 8/20/2025 | 7449764 | 1323885 | 1323187 | (698) |
| British Pound | Goldman Sachs | GBP per USD | 8/20/2025 | 4092253 | 5441059 | 5405549 | (35510) |
| Czech Koruna | Goldman Sachs | CZK per USD | 8/20/2025 | 28003194 | 1308255 | 1300850 | (7405) |
| Euro Currency | Goldman Sachs | EUR per USD | 8/20/2025 | 1887639 | 2170823 | 2157105 | (13718) |
| Mexican Peso | Goldman Sachs | MXN per USD | 8/20/2025 | 24909560 | 1323555 | 1317478 | (6077) |
| Norwegian Krone | Goldman Sachs | NOK per USD | 8/20/2025 | 26807412 | 2613139 | 2593244 | (19895) |
| Polish Zloty | Goldman Sachs | PLN per USD | 8/20/2025 | 4818772 | 1295473 | 1285362 | (10111) |
| Singapore Dollar | Goldman Sachs | SGD per USD | 8/20/2025 | 1700277 | 1316717 | 1311612 | (5105) |
| Hungarian Forint | Goldman Sachs | HUF per USD | 8/21/2025 | 452454541 | 1298441 | 1289471 | (8970) |
|  |  |  |  |  | 22253830 | 22115189 | (138641) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sale Contracts** | **Counterparty** | **Currency<br> Exchange** | **Settlement<br> Date** | **Currency<br> Amount<br> Sold** | **Currency<br> Amount<br> Sold** | **Value At<br> Settlement<br> Date** | **Value At<br> July 31, 2025** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| Canadian Dollar | Goldman Sachs | CAD per USD | 8/19/2025 |  | (9152373) | (6628888) | (6611887) | 17001 |
| Japanese Yen | Goldman Sachs | JPY per USD | 8/20/2025 |  | (188462497) | (1267103) | (1252624) | 14479 |
| New Zealand Dollar | Goldman Sachs | NZD per USD | 8/20/2025 |  | (560976) | (331733) | (330714) | 1019 |
| Swedish Krona | Goldman Sachs | SEK per USD | 8/20/2025 |  | (26487729) | (2719787) | (2709390) | 10397 |
| Swiss Franc | Goldman Sachs | CHF per USD | 8/20/2025 |  | (3905253) | (4820407) | (4820332) | 75 |
|  |  |  |  |  |  | (15767918) | (15724947) | 42971 |
| **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** |  | $6485912 | $6390242 | $(95670) |

---

AUD – Australian Dollar

BRL – Brazilian Real

CAD – Canadian Dollar

CHF – Swiss Franc

CZK - Czech Koruna

EUR – Euro

GBP – British Pound

HUF - Hungarian Forint

JPY – Japanese Yen

MXN – Mexican Peso

NOK – Norwegian Krone

NZD – New Zealand Dollar

PLN - Polish Zloty

SEK – Swedish Krona

SGD – Singapore Dollar

TRY - Turkish Lira

ZAR – South African Rand

**Manteio Multialternative Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued**

**As of July 31, 2025 (Unaudited)**

**FUTURES CONTRACTS**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Long Contracts** | **Expiration<br> Date** | **Number of<br> Contracts** | **Notional<br> Value** | **Value/Unrealized<br> Appreciation<br> (Depreciation)** |
| **Commodity Futures** |  |  |  |  |
| CBOT Corn<sup>1</sup> | December 2025 | 233 | 4820188 | 40270 |
| CBOT Wheat<sup>1</sup> | December 2025 | 162 | 4394250 | (52109) |
| CMX Copper<sup>1</sup> | December 2025 | 50 | 5529375 | (1262251) |
| CMX Silver<sup>1</sup> | December 2025 | 28 | 5206740 | (119312) |
| ICE Low Sulphur Gas<sup>1</sup> | November 2025 | 42 | 2880150 | (11958) |
| LME Lead<sup>1</sup> | November 2025 | 18 | 889619 | (8794) |
| LME Primary Aluminum<sup>1</sup> | November 2025 | 66 | 4235715 | (48326) |
| LME Primary Nickel<sup>1</sup> | November 2025 | 25 | 2246559 | (11585) |
| LME Zinc<sup>1</sup> | November 2025 | 31 | 2143781 | (15995) |
| NYBOT Coffee 'C'<sup>1</sup> | December 2025 | 25 | 2706563 | 14206 |
| NYMEX Natural Gas<sup>1</sup> | November 2025 | 216 | 7704720 | 58832 |
| NYMEX NY Harbor ULSD<sup>1</sup> | November 2025 | 22 | 2195424 | (10491) |
| NYMEX RBOB Gasoline<sup>1</sup> | November 2025 | 28 | 2327186 | (22322) |
| NYMEX WTI Crude Oil<sup>1</sup> | November 2025 | 98 | 6597360 | (57981) |
| **Currency Futures** |  |  |  |  |
| CME Australian Dollar | September 2025 | 17 | 1094205 | (25050) |
| CME British Pound | September 2025 | 16 | 1322400 | (25238) |
| CME Canadian Dollar | September 2025 | 20 | 1447700 | (19290) |
| CME Euro | September 2025 | 10 | 1432562 | (16259) |
| **Index Futures** |  |  |  |  |
| E-Mini Financial Select Sector | September 2025 | 9 | 1459440 | 17155 |
| E-Mini Utilities Select Sector | September 2025 | 50 | 4341500 | 135098 |
| EURO Stoxx 50 (DIV) | December 2025 | 448 | 8425242 | 118784 |
| EURO Stoxx 50 (DIV) | December 2026 | 930 | 16853132 | 219275 |
| Hang Seng Index | August 2025 | 38 | 5989478 | (153465) |
| ICF FTSE 100 Index | September 2025 | 5 | 602483 | 20126 |
| MSCI EAFE Index | September 2025 | 11 | 1437370 | (7836) |
| MSCI Emerging Markets Index | September 2025 | 47 | 2910005 | 45899 |
| Nikkei Stock Index | September 2025 | 1 | 273209 | 18629 |
| **Interest Rate Futures** |  |  |  |  |
| ICF Long Gilt | September 2025 | 240 | 29210777 | 92586 |
| MSE Canadian 10 Year Bond | September 2025 | 91 | 7915214 | 28765 |
|  |  | **2977** | **138592347** | **(1058637)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Short Contracts** | **Expiration<br> Date** | **Number of<br> Contracts** | **Notional<br> Value** | **Value/Unrealized<br> Appreciation<br> (Depreciation)** |
| **Commodity Futures** |  |  |  |  |
| CBOT Corn<sup>1</sup> | September 2025 | (246) | (4846200) | (51511) |
| CBOT Wheat<sup>1</sup> | September 2025 | (168) | (4395300) | 42634 |
| CMX Copper<sup>1</sup> | September 2025 | (51) | (5551987) | 1261497 |
| CMX Silver<sup>1</sup> | September 2025 | (29) | (5323240) | 118105 |
| ICE Low Sulphur Gas<sup>1</sup> | September 2025 | (41) | (2867950) | 6369 |
| LME Lead<sup>1</sup> | September 2025 | (19) | (927205) | 8656 |
| LME Primary Aluminum<sup>1</sup> | September 2025 | (66) | (4230369) | 47378 |
| LME Primary Nickel<sup>1</sup> | September 2025 | (25) | (2225823) | 10801 |
| LME Zinc<sup>1</sup> | September 2025 | (31) | (2140566) | 17410 |
| NYBOT Coffee 'C'<sup>1</sup> | September 2025 | (25) | (2773125) | (18175) |
| NYMEX Natural Gas<sup>1</sup> | September 2025 | (247) | (7671820) | (128262) |
| NYMEX NY Harbor ULSD<sup>1</sup> | September 2025 | (22) | (2213811) | 11038 |
| NYMEX RBOB Gasoline<sup>1</sup> | September 2025 | (25) | (2282595) | 23697 |
| NYMEX WTI Crude Oil<sup>1</sup> | September 2025 | (95) | (6579700) | 56647 |

---

**Manteio Multialternative Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued**

**As of July 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Short Contracts** | **Expiration<br> Date** | **Number of<br> Contracts** | **Notional<br> Value** | **Value/Unrealized<br> Appreciation<br> (Depreciation)** |
| **Currency Futures** |  |  |  |  |
| CME Japanese Yen | September 2025 | (17) | (1416525) | 18103 |
| **Index Futures** |  |  |  |  |
| CME E-Mini S&P 500 | September 2025 | (32) | (10198800) | (431916) |
| EUX Euro STOXX 50 | September 2025 | (88) | (5362547) | (27286) |
| **Interest Rate Futures** |  |  |  |  |
| CBOT 10-Year U.S. Treasury Note | September 2025 | (283) | (31430688) | (24690) |
| EUX Euro-Bund | September 2025 | (13) | (1924113) | 6103 |
| SFE Australian 10-Year Bond | September 2025 | (108) | (7897291) | (71792) |
| SGX 10-Year Mini JGB | September 2025 | (53) | (4851187) | (1560) |
|  |  | **(1684)** | **(117110842)** | **873246** |
| **TOTAL FUTURES CONTRACTS** |  |  | $**21481505** | $**(185391)** |

---

<sup>1</sup> This investment is a holding of Manteio Cayman Multialternative Strategy Fund, Ltd.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Investment Managers Series Trust III

- **b. Investment Company Act file number:** 811-08544

- **c. CIK number of Registrant:** 0000924727

- **d. LEI of Registrant:** 549300H7BXP5EUEHOJ64

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

  - **Street Address 1:** 235 W. Galena Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 626-385-5777

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

- **a. Name of Series:** Manteio Multialternative Strategy Fund

- **b. EDGAR series identifier (if any):** S000088667

- **c. LEI of Series:** 9845004612D3A4CWCN88

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

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

- **b. Date as of which information is reported:** 2025-07-31

**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:** $1059738763.16

**Total Liabilities:** $849871403.99

**Net Assets:** $209867359.17

**Amount of Assets Invested in Other Investment Companies:** $31987654.98

**Cash Not Reported:** $13742324.12

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255006 | -0.24%               | 0.00%                | -2.19%               |
| Class ID C000255007 | -0.23%               | 0.00%                | -2.21%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1078928.14              | $2888079.71                                |
| Month 2  | $1452782.77              | $1077011.57                                |
| Month 3  | $-298911.60              | $-1299996.42                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TRS SGICCODA Index 78011072   /         | TRS SGICCODA Index 78011072   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     191375 | NC      | $47365.31     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS MQIS440 swap    /                   | TRS MQIS440 swap    /                                      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     141000 | NC      | $-962.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GSCO FYBR TRS USD 77996483   /          | GSCO FYBR TRS USD 77996483   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |       5096 | NC      | $1324.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS K U.S. EQUITY 77996487   /          | TRS K U.S. EQUITY 77996487   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |       3323 | NC      | $564.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS SRDX  U.S. EQUITY 77996498   /      | TRS SRDX  U.S. EQUITY 77996498   /                         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |       1472 | NC      | $9185.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS APO USD GSCO 78003800   /           | TRS APO USD GSCO 78003800   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |       -448 | NC      | $-1697.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS RKT USD GSCO 78011036   /           | TRS RKT USD GSCO 78011036   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |      -4901 | NC      | $-6175.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS RU20INTR INDEX 78012197   /         | TRS RU20INTR INDEX 78012197   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      -1258 | NC      | $339195.55    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS RKT USD GSCO 78011036   /           | TRS RKT USD GSCO 78011036   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |       -151 | NC      | $-190.26      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS SRDX  U.S. EQUITY 77996498   /      | TRS SRDX  U.S. EQUITY 77996498   /                         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |         76 | NC      | $474.24       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS EFV U.S. EQUITY 78009198   /        | TRS EFV U.S. EQUITY 78009198   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |      48890 | NC      | $-21780.78    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GSCO FYBR TRS USD 77996483   /          | GSCO FYBR TRS USD 77996483   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |        243 | NC      | $64.01        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS RKT USD GSCO 78011036   /           | TRS RKT USD GSCO 78011036   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |     -33253 | NC      | $-38762.55    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS K U.S. EQUITY 77996487   /          | TRS K U.S. EQUITY 77996487   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |        207 | NC      | $27.49        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS RKT USD GSCO 78011036   /           | TRS RKT USD GSCO 78011036   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |       -196 | NC      | $-246.19      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS APO USD GSCO 78003800   /           | TRS APO USD GSCO 78003800   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |        -10 | NC      | $59.37        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS K U.S. EQUITY 77996487   /          | TRS K U.S. EQUITY 77996487   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |         76 | NC      | $8.93         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS SRDX  U.S. EQUITY 77996498   /      | TRS SRDX  U.S. EQUITY 77996498   /                         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |         33 | NC      | $151.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GSCO FYBR TRS USD 77996483   /          | GSCO FYBR TRS USD 77996483   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |        116 | NC      | $-6.18        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS GSISEVWT INDEX 78012893   /         | TRS GSISEVWT INDEX 78012893   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      93767 | NC      | $-56253.95    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS HYG U.S. EQUITY 78002420   /        | TRS HYG U.S. EQUITY 78002420   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |     127870 | NC      | $-16334.58    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GSCO FYBR TRS USD 77996483   /          | GSCO FYBR TRS USD 77996483   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |      17916 | NC      | $2470.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS K U.S. EQUITY 77996487   /          | TRS K U.S. EQUITY 77996487   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |      11683 | NC      | $-779.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS SRDX  U.S. EQUITY 77996498   /      | TRS SRDX  U.S. EQUITY 77996498   /                         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |       5174 | NC      | $-7852.88     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS RU20INTR INDEX 78012197   /         | TRS RU20INTR INDEX 78012197   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |        -25 | NC      | $3747.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS MQCPR1CL swap 78004797   /          | TRS MQCPR1CL swap 78004797   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     100216 | NC      | $180249.33    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS ABGSSA02 INDEX 78004760   /         | TRS ABGSSA02 INDEX 78004760   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      74046 | NC      | $195520.95    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS ABGSCOT3 Index 78004768   /         | TRS ABGSCOT3 Index 78004768   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      57260 | NC      | $-211644.41   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS BCOMPR Index GS 78004766   /        | TRS BCOMPR Index GS 78004766   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |       3836 | NC      | $266.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS ABGSD005 INDEX 78004759   /         | TRS ABGSD005 INDEX 78004759   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     129262 | NC      | $14425.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS BCOMIN Index GS 78004765   /        | TRS BCOMIN Index GS 78004765   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |       4203 | NC      | $-47474.37    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS BCOMEN Index GS 78004764   /        | TRS BCOMEN Index GS 78004764   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     -13290 | NC      | $-8588.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS BCOMAG Index GS 78004763   /        | TRS BCOMAG Index GS 78004763   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     -15501 | NC      | $14626.76     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS GSVIUS31 Index 78004762   /         | TRS GSVIUS31 Index 78004762   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     132603 | NC      | $-523781.85   | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                                | CUSIP: 912797PM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    6000000 | PA      | $5862726.00   | 2.79%             | 2026-02-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                                | CUSIP: 912797PV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    6000000 | PA      | $5844048.00   | 2.78%             | 2026-03-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                                | CUSIP: 912797QD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    6000000 | PA      | $5826336.00   | 2.78%             | 2026-04-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                                | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    6000000 | PA      | $5808126.00   | 2.77%             | 2026-05-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TRS SGIXEVR2 Index 78009888   /         | TRS SGIXEVR2 Index 78009888   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      17570 | NC      | $-176216.23   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS SGEPSBSB Index 78009906   /         | TRS SGEPSBSB Index 78009906   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      94681 | NC      | $4926.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS EFV U.S. EQUITY 78009198   /        | TRS EFV U.S. EQUITY 78009198   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |      39898 | NC      | $15819.56     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS SGIXRSTE Index 78010780   /         | TRS SGIXRSTE Index 78010780   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      10890 | NC      | $-248228.37   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| EQS41791 TRS GBP 77996497   /           | EQS41791 TRS GBP 77996497   /                              | CUSIP: 99S22YR60<br>LEI: N/A                  | N/A              | DE               |  | US        |      24418 | NC      | $738.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mr Cooper Group Inc                     | Mr Cooper Group, Inc.                                      | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |       9758 | NS      | $1519515.76   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc               | Circle Internet Group, Inc.                                | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |      11359 | NS      | $2084603.68   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Cantaloupe Inc                          | Cantaloupe, Inc.                                           | CUSIP: 138103106<br>LEI: 529900O54DBQQVWO9Q85 | Long             | EC               | CORP              | US        |      76404 | NS      | $845792.28    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                              | Carvana Co.                                                | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |       3010 | NS      | $1174411.70   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                            | DoorDash, Inc. - Class A                                   | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |       4518 | NS      | $1130629.50   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SX5E DIVIDEND FUT DEC25   /             | SX5E DIVIDEND FUT DEC25   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | DE        |        448 | NC      | $118784.12    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO STOXX 50 (DIV) DEC26   /           | EURO STOXX 50 (DIV) DEC26   /                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | DE        |        930 | NC      | $219275.78    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dun & Bradstreet Holdings Inc           | Dun & Bradstreet Holdings, Inc.                            | CUSIP: 26484T106<br>LEI: 254900LNALVKD1ZX7U27 | Long             | EC               | CORP              | US        |     464900 | NS      | $4230590.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                            | Docusign, Inc.                                             | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      13736 | NS      | $1038991.04   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                | eBay, Inc.                                                 | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      13775 | NS      | $1263856.25   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MANTEIO CAD FORWARD 78004313   /        | MANTEIO CAD FORWARD 78004313   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | CA        |   -9152373 | OU      | $-6611887.00  | -3.15%            |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO CHF FORWARD 78004314   /        | MANTEIO CHF FORWARD 78004314   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | CH        |   -3905253 | OU      | $-4820331.96  | -2.30%            |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO CZK FORWARD 78004303   /        | MANTEIO CZK FORWARD 78004303   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |   28003194 | OU      | $1300849.75   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO EUR FORWARD 78008579   /        | MANTEIO EUR FORWARD 78008579   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    1887639 | OU      | $2157104.49   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO GBP FORWARD 78004307   /        | MANTEIO GBP FORWARD 78004307   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | GB        |    4092253 | OU      | $5405549.19   | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO HUF FORWARD 78004303   /        | MANTEIO HUF FORWARD 78004303   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | HU        |  452454541 | OU      | $1289470.54   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO JPY FORWARD 78004317   /        | MANTEIO JPY FORWARD 78004317   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | JP        | -188462497 | OU      | $-1252623.70  | -0.60%            |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO MXN FORWARD 78004317   /        | MANTEIO MXN FORWARD 78004317   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | MX        |   24909560 | OU      | $1317478.18   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO NOK FORWARD 78004309   /        | MANTEIO NOK FORWARD 78004309   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | NO        |   26807412 | OU      | $2593244.61   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO SGD FORWARD 78004317   /        | MANTEIO SGD FORWARD 78004317   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | SG        |    1700277 | OU      | $1311612.20   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO TRY FORWARD 78004317   /        | MANTEIO TRY FORWARD 78004317   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | TR        |   55104426 | OU      | $1333503.74   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO ZAR FORWARD 78004317   /        | MANTEIO ZAR FORWARD 78004317   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |   23743854 | OU      | $1301588.30   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Cloudflare Inc                          | Cloudflare, Inc.                                           | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |       5582 | NS      | $1159269.76   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                             | Netflix, Inc.                                              | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |        847 | NS      | $982011.80    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE SEP 2025   /         | NATURAL GAS FUTURE SEP 2025   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -247 | NC      | $-128261.88   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE NOV 2025   /         | NATURAL GAS FUTURE NOV 2025   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        216 | NC      | $58832.44     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKKEI 225 SEPT 25   /                  | NIKKEI 225 SEPT 25   /                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | JP        |          1 | NC      | $18629.38     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Olo Inc                                 | Olo, Inc.                                                  | CUSIP: 68134L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     250467 | NS      | $2624894.16   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                        | Paramount Global - Class B                                 | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |      58138 | NS      | $730794.66    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc               | Palantir Technologies, Inc. - Class A                      | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |       7021 | NS      | $1111775.35   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Nasdaq Internet ETF             | Invesco Nasdaq Internet ETF - Class USD INC                | CUSIP: 46137V530<br>LEI: 549300D0OD8WYOH2QQ27 | Long             |  | RF                | US        |       8597 | NS      | $453061.90    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LOW SU GASOIL FUT SEP 25   /            | LOW SU GASOIL FUT SEP 25   /                               | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -41 | NC      | $6369.01      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LOW SU GASOIL G NOV25   /               | LOW SU GASOIL G NOV25   /                                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |         42 | NC      | $-11958.02    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                          | Rocket Cos., Inc. - Class A                                | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |          0 | NS      | $2.81         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO-BUND FUTURE SEP 2025   /           | EURO-BUND FUTURE SEP 2025   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | DE        |        -13 | NC      | $6103.31      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SILVER FUTURE SEPT 2025   /             | SILVER FUTURE SEPT 2025   /                                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -29 | NC      | $118104.79    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SILVER FUTURE DEC 2025   /              | SILVER FUTURE DEC 2025   /                                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         28 | NC      | $-119312.46   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Skechers USA Inc                        | Skechers USA, Inc. - Class A                               | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |      66813 | NS      | $4225922.25   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   /         | UMB MONEY MARKET II SPECIAL   /                            | CUSIP: SF8888628<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   59534635 | PA      | $59534635.07  | 28.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                   | Spotify Technology S.A.                                    | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |       1502 | NS      | $941063.08    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SpartanNash Co                          | SpartanNash Co.                                            | CUSIP: 847215100<br>LEI: 549300TV3QCCSQLF5X16 | Long             | EC               | CORP              | US        |      31858 | NS      | $845511.32    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares ESG MSCI USA Leaders E          | iShares ESG MSCI USA Leaders ETF - Class USD INC           | CUSIP: 46435U218<br>LEI: 549300PL7K003G75NG20 | Long             |  | RF                | US        |       2313 | NS      | $257448.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                | AT&T, Inc.                                                 | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      39317 | NS      | $1077678.97   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TRS PARA U.S. EQUITY 77996491   /       | TRS PARA U.S. EQUITY 77996491   /                          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |      67591 | NC      | $2703.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS K U.S. EQUITY 77996487   /          | TRS K U.S. EQUITY 77996487   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |      13899 | NC      | $2362.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS APO U.S. EQUITY 78003800   /        | TRS APO U.S. EQUITY 78003800   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |        -38 | NC      | $-148.09      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS SPTR INDEX 78004770   /             | TRS SPTR INDEX 78004770   /                                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      -2295 | NC      | $-555752.32   | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS BNPMTLBO INDEX 78004769   /         | TRS BNPMTLBO INDEX 78004769   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      26488 | NC      | $-404323.43   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS MQCPM2CL SWAP 78007765   /          | TRS MQCPM2CL SWAP 78007765   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      22967 | NC      | $33998.05     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS HYG U.S. EQUITY 78002420   /        | TRS HYG U.S. EQUITY 78002420   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |      14479 | NC      | $4054.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS HYG U.S. EQUITY 78002420   /        | TRS HYG U.S. EQUITY 78002420   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |     134010 | NC      | $37522.77     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS GSISM112  INDEX 78004772   /        | TRS GSISM112  INDEX 78004772   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      66318 | NC      | $-63665.28    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS GSCBMABL INDEX 78008755   /         | TRS GSCBMABL INDEX 78008755   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     100558 | NC      | $134158.25    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS  GSCBMABS INDEX 78008756   /        | TRS  GSCBMABS INDEX 78008756   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     -93390 | NC      | $-25790.96    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS MQCPM2CL SWAP 78007765   /          | TRS MQCPM2CL SWAP 78007765   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      19854 | NC      | $29389.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS GSVIVV75 Index 78009008   /         | TRS GSVIVV75 Index 78009008   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      51913 | NC      | $90936.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS IXR Index 78009096   /              | TRS IXR Index 78009096   /                                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |       3239 | NC      | $-28887.75    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS NDDUGR Index 78009097   /           | TRS NDDUGR Index 78009097   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |        128 | NC      | $-23496.58    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS EFV U.S. EQUITY 78009198   /        | TRS EFV U.S. EQUITY 78009198   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |        158 | NC      | $62.65        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS BPFXLTVG INDEX 78004796   /         | TRS BPFXLTVG INDEX 78004796   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     101216 | NC      | $-171364.65   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS GSVIVV75 Index 78009008   /         | TRS GSVIVV75 Index 78009008   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      70230 | NC      | $-56430.49    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                                | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4000000 | PA      | $3997132.00   | 1.90%             | 2025-08-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                                | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4000000 | PA      | $3983772.00   | 1.90%             | 2025-09-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                                | CUSIP: 912797PD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    9000000 | PA      | $8820000.00   | 4.20%             | 2026-01-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| EUR/USD FUTURE SEP 2025   /             | EUR/USD FUTURE SEP 2025   /                                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |         10 | NC      | $-16257.58    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| S&P 500 EMINI FUT SEPTEMBER 2025   /    | S&P 500 EMINI FUT SEPTEMBER 2025   /                       | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | US        |        -32 | NC      | $-431915.76   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| E2open Parent Holdings Inc              | E2open Parent Holdings, Inc.                               | CUSIP: 29788T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     261537 | NS      | $863072.10    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO CURRENCY  /                        | EURO CURRENCY  /                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | XX        |    1031368 | OU      | $1176946.67   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolv Technologies Holdings In          | Evolv Technologies Holdings, Inc.                          | CUSIP: 30049H102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     265691 | NS      | $1741604.51   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                            | Fortinet, Inc.                                             | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      10243 | NS      | $1023275.70   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| LONG GILT FUTURE SEP 2025   /           | LONG GILT FUTURE SEP 2025   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | GB        |        240 | NC      | $92585.60     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GREAT BRITAIN POUND  /                  | GREAT BRITAIN POUND  /                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | GB        |     769533 | OU      | $1016287.53   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P International Small C          | SPDR S&P International Small Cap ETF - Class USD INC       | CUSIP: 78463X871<br>LEI: 5493002VC63NJO18II02 | Long             |  | RF                | US        |      12810 | NS      | $477565.77    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| COPPER FUTURE SEP 2025   /              | COPPER FUTURE SEP 2025   /                                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -51 | NC      | $1261496.83   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| COPPER FUTURE DEC 2025   /              | COPPER FUTURE DEC 2025   /                                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         50 | NC      | $-1262250.82  | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| HANG SENG INDEX AUG 25   /              | HANG SENG INDEX AUG 25   /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | HK        |         38 | NC      | $-153465.46   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| HONG KONG DOLLAR  /                     | HONG KONG DOLLAR  /                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | HK        |   11819905 | OU      | $1505720.34   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                   | Robinhood Markets, Inc. - Class A                          | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      10262 | NS      | $1057499.10   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| NY HARBOR ULSD SEP 2025   /             | NY HARBOR ULSD SEP 2025   /                                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -22 | NC      | $11037.74     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NY HARBOR ULSD OCT 2025   /             | NY HARBOR ULSD OCT 2025   /                                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         22 | NC      | $-10491.46    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| IBM                                     | International Business Machines Corp.                      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       3758 | NS      | $951337.70    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBonds Dec 2026 Term M          | iShares iBonds Dec 2026 Term Muni Bond ETF - Class USD INC | CUSIP: 46435U259<br>LEI: 549300T40WXQDLSRQD25 | Long             |  | RF                | US        |       4515 | NS      | $115719.45    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Cybersecurity and Tech          | iShares Cybersecurity and Tech ETF - Class USD INC         | CUSIP: 46435U135<br>LEI: 5493007TVD2WSTEKN665 | Long             |  | RF                | US        |      15324 | NS      | $780144.84    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Micro-Cap ETF                   | iShares Micro-Cap ETF - Class USD INC                      | CUSIP: 464288869<br>LEI: 549300RWAE45TBJ0XD47 | Long             |  | RF                | US        |      13610 | NS      | $1777329.90   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| E-MINI FINANCIAL SEL SEPT  2025   /     | E-MINI FINANCIAL SEL SEPT  2025   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |          9 | NC      | $17155.47     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| E-MINI XAU UTIL. SEPT 2025   /          | E-MINI XAU UTIL. SEPT 2025   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |         50 | NC      | $135097.79    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corp                     | Xerox Holdings Corp.                                       | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |     307019 | NS      | $1243426.95   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| FTSE 100 IDX FUT SEPT. 2025   /         | FTSE 100 IDX FUT SEPT. 2025   /                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | GB        |          5 | NC      | $20125.70     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GSCO FYBR TRS USD 77996483   /          | GSCO FYBR TRS USD 77996483   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |      13168 | NC      | $3423.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS APO USD GSCO 78003800   /           | TRS APO USD GSCO 78003800   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |      -3527 | NC      | $-13367.33    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS RKT USD GSCO 78011036   /           | TRS RKT USD GSCO 78011036   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |     -38600 | NC      | $-48636.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS HBAN U.S. EQUITY 78013188   /       | TRS HBAN U.S. EQUITY 78013188   /                          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |    -152527 | NC      | $53581.82     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS APO U.S. EQUITY 78003800   /        | TRS APO U.S. EQUITY 78003800   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |      -1578 | NC      | $1090.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS RKT USD GSCO 78011036   /           | TRS RKT USD GSCO 78011036   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |     -30236 | NC      | $4111.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS41797 TRS GBP 77996497   /           | EQS41797 TRS GBP 77996497   /                              | CUSIP: 99S22ZEC8<br>LEI: N/A                  | N/A              | DE               |  | US        |      59768 | NC      | $1807.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43021  TRS USD 77996491   /          | EQS43021  TRS USD 77996491   /                             | CUSIP: 99S25QCO1<br>LEI: N/A                  | N/A              | DE               |  | US        |      79015 | NC      | $3160.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43040  TRS USD 77996498   /          | EQS43040  TRS USD 77996498   /                             | CUSIP: 99S25QCX1<br>LEI: N/A                  | N/A              | DE               |  | US        |       5678 | NC      | $35430.72     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43032  TRS USD 77996487   /          | EQS43032  TRS USD 77996487   /                             | CUSIP: 99S25QD93<br>LEI: N/A                  | N/A              | DE               |  | US        |      12288 | NC      | $2088.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43028  TRS USD 77996483   /          | EQS43028  TRS USD 77996483   /                             | CUSIP: 99S25QDX0<br>LEI: N/A                  | N/A              | DE               |  | US        |      27061 | NC      | $7035.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AUD USD CURNCY FUT SEPT 25   /          | AUD USD CURNCY FUT SEPT 25   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |         17 | NC      | $-25050.29    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Andlauer Healthcare Group Inc           | Andlauer Healthcare Group, Inc.                            | CUSIP: 034223958<br>LEI: 549300FEFF2VDKFOGG32 | Long             | EC               | CORP              | CA        |      52241 | NS      | $1998248.41   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                           | Amphenol Corp. - Class A                                   | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      10538 | NS      | $1122402.38   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                           | AppLovin Corp. - Class A                                   | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |       2981 | NS      | $1164676.70   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AUSTRALIAN DOLLAR  /                    | AUSTRALIAN DOLLAR  /                                       | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | AU        |    -902170 | OU      | $-579763.56   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                            | Broadcom, Inc.                                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       3773 | NS      | $1108130.10   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| 10YR MINI JGB FUT SEPT 25   /           | 10YR MINI JGB FUT SEPT 25   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | SG        |        -53 | NC      | $-1559.81     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BP CURRENCY FUTURE SEPT 2025   /        | BP CURRENCY FUTURE SEPT 2025   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |         16 | NC      | $-25237.92    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Bridge Investment Group Holdin          | Bridge Investment Group Holdings, Inc. - Class A           | CUSIP: 10806B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      74729 | NS      | $765224.96    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CORN FUTURE SEP 25   /                  | CORN FUTURE SEP 25   /                                     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -246 | NC      | $-51510.76    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| CORN FUTURE DEC 2025   /                | CORN FUTURE DEC 2025   /                                   | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        233 | NC      | $40269.52     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLARS  /                     | CANADIAN DOLLARS  /                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | CA        |      38104 | OU      | $27499.65     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLAR FUT SEPT 2025   /       | CANADIAN DOLLAR FUT SEPT 2025   /                          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |         20 | NC      | $-19289.76    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Canopy Growth Corp                      | Canopy Growth Corp.                                        | CUSIP: 138035704<br>LEI: 529900CSD7NH1UBC9X07 | Long             | EC               | CORP              | CA        |    2947858 | NS      | $3036293.74   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco S&P Global Water Index          | Invesco S&P Global Water Index ETF - Class USD INC         | CUSIP: 46138E263<br>LEI: 549300RFDFWI2IHZ7J53 | Long             |  | RF                | US        |       7636 | NS      | $474501.04    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| WTI CRUDE FUTURE SEPT 2025   /          | WTI CRUDE FUTURE SEPT 2025   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -95 | NC      | $56646.73     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WTI CRUDE FUTURE NOVEMBER 2025   /      | WTI CRUDE FUTURE NOVEMBER 2025   /                         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         98 | NC      | $-57980.84    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| CAN 10YR BOND SEPT 25   /               | CAN 10YR BOND SEPT 25   /                                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | CA        |         91 | NC      | $28765.11     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                     | Coinbase Global, Inc. - Class A                            | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |       6652 | NS      | $2512859.52   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MANTEIO NZD FORWARD 78004310   /        | MANTEIO NZD FORWARD 78004310   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |    -560976 | OU      | $-330714.75   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO PLN FORWARD 78004317   /        | MANTEIO PLN FORWARD 78004317   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | PL        |    4818772 | OU      | $1285362.11   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO SEK FORWARD 78004312   /        | MANTEIO SEK FORWARD 78004312   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | SE        |  -26487729 | OU      | $-2709389.71  | -1.29%            |  |  |  | No            |                  2 | On Loan: No      |
| Just Eat Takeaway.com NV                | Just Eat Takeaway.com N.V.                                 | CUSIP: 999999999<br>LEI: 724500FVZIBSSQ7SHI95 | Long             | EC               | CORP              | NL        |     104030 | NS      | $2376212.35   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc                               | Tesla, Inc.                                                | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       3294 | NS      | $1015441.38   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                              | Twilio, Inc. - Class A                                     | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |       8674 | NS      | $1118946.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. 10YR NOTE SEPT 2025   /            | U.S. 10YR NOTE SEPT 2025   /                               | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -283 | NC      | $-24689.59    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Holdings Inc                    | Veritex Holdings, Inc.                                     | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |      78219 | NS      | $2481106.68   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO STOXX 50 SEPT 2025   /             | EURO STOXX 50 SEPT 2025   /                                | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | DE        |        -88 | NC      | $-27285.54    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| WHEAT FUTURE SEP 2025   /               | WHEAT FUTURE SEP 2025   /                                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -168 | NC      | $42634.16     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRS AMZIX Index GS 78004767   /         | TRS AMZIX Index GS 78004767   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |       3380 | NC      | $437922.98    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS BNPINMXA INDEX 78004798   /         | TRS BNPINMXA INDEX 78004798   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      78489 | NC      | $-473696.81   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS BNPIBWGD INDEX 78004794   /         | TRS BNPIBWGD INDEX 78004794   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      53484 | NC      | $-16677.45    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS HYG U.S. EQUITY 78002420   /        | TRS HYG U.S. EQUITY 78002420   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |     118138 | NC      | $33078.64     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS BNPIVOLA INDEX 78004802   /         | TRS BNPIVOLA INDEX 78004802   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     219414 | NC      | $-28479.93    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS BNPIPLEE INDEX 78004799   /         | TRS BNPIPLEE INDEX 78004799   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | XX        |      81667 | NC      | $-145030.46   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| SPX 07/31/25 C5300 07/25 5300.0 CAL   / | SPX 07/31/25 C5300 07/25 5300.0 CAL   /                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |         70 | NC      | $7813120.00   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX 07/31/25 C5450 07/25 5450.0 CAL   / | SPX 07/31/25 C5450 07/25 5450.0 CAL   /                    | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | US        |        -70 | NC      | $-6255550.00  | -2.98%            |  |  |  | No            |                  1 | On Loan: No      |
| TRS BPFXGWUR INDEX 78004795   /         | TRS BPFXGWUR INDEX 78004795   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      79433 | NC      | $230601.94    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS GSCBMNTO INDEX 78004761   /         | TRS GSCBMNTO INDEX 78004761   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     148126 | NC      | $-207284.56   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS GSISM110 INDEX 78004803   /         | TRS GSISM110 INDEX 78004803   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     212828 | NC      | $-219212.84   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| SPX 07/31/25 P5030 07/25 5030.0 PUT   / | SPX 07/31/25 P5030 07/25 5030.0 PUT   /                    | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | US        |        -35 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TRS BNPIPRXA INDEX 78004801   /         | TRS BNPIPRXA INDEX 78004801   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     131283 | NC      | $182207.68    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS SRDX  U.S. EQUITY 77996498   /      | TRS SRDX  U.S. EQUITY 77996498   /                         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |       5934 | NC      | $37028.16     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SPX 08/15/25 P6295 08/25 6295.0 PUT   / | SPX 08/15/25 P6295 08/25 6295.0 PUT   /                    | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | US        |        -20 | NC      | $-99000.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                                | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    7000000 | PA      | $6948823.00   | 3.31%             | 2025-10-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                                | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    9000000 | PA      | $8904546.00   | 4.24%             | 2025-10-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                                | CUSIP: 912797NL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    9000000 | PA      | $8874621.00   | 4.23%             | 2025-11-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                                | CUSIP: 912797NU7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    9000000 | PA      | $8846775.00   | 4.22%             | 2025-12-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Johnson Controls International          | Johnson Controls International plc                         | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |       9877 | NS      | $1037085.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPANESE YEN  /                         | JAPANESE YEN  /                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | JP        |   98723317 | OU      | $654663.91    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JPY YEN CURR FUT SEP 2025   /           | JPY YEN CURR FUT SEP 2025   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |        -17 | NC      | $18103.46     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE C FUTURE SEP 2025   /            | COFFEE C FUTURE SEP 2025   /                               | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -25 | NC      | $-18175.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE C FUTURE DEC 2025   /            | COFFEE C FUTURE DEC 2025   /                               | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         25 | NC      | $14205.83     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LME PRI ALUM FUT SEP 25   /             | LME PRI ALUM FUT SEP 25   /                                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -66 | NC      | $47377.06     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LME PRI ALUM FUT NOV 25   /             | LME PRI ALUM FUT NOV 25   /                                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |         66 | NC      | $-48326.44    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| LME LEAD FUTURE SEP 25   /              | LME LEAD FUTURE SEP 25   /                                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -19 | NC      | $8655.64      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LME LEAD FUTURE NOV 25   /              | LME LEAD FUTURE NOV 25   /                                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |         18 | NC      | $-8794.17     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| LME NICKEL FUTURE SEPT 2025   /         | LME NICKEL FUTURE SEPT 2025   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -25 | NC      | $10800.63     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LME NICKEL FUTURE NOV 2025   /          | LME NICKEL FUTURE NOV 2025   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |         25 | NC      | $-11585.25    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| LME ZINC FUT SEPT 2025   /              | LME ZINC FUT SEPT 2025   /                                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -31 | NC      | $17410.36     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LME ZINC FUT NOV 2025   /               | LME ZINC FUT NOV 2025   /                                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |         31 | NC      | $-15994.64    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MSCI EMGMKT FUT SEP 25   /              | MSCI EMGMKT FUT SEP 25   /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |         47 | NC      | $45898.61     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI EAFE INDEX SEPT 2025   /           | MSCI EAFE INDEX SEPT 2025   /                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |         11 | NC      | $-7836.07     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                   | 3M Co.                                                     | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |       6725 | NS      | $1003504.50   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MANTEIO AUD FORWARD 78004303   /        | MANTEIO AUD FORWARD 78004303   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | AU        |    2327370 | OU      | $1496239.10   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO BRL FORWARD 78004303   /        | MANTEIO BRL FORWARD 78004303   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | BR        |    7449764 | OU      | $1323187.12   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| WHEAT FUTURE DEC 2025   /               | WHEAT FUTURE DEC 2025   /                                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        162 | NC      | $-52108.96    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                             | Walmart, Inc.                                              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      11136 | NS      | $1091105.28   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GASOLINE RBOB FUT SEP 2025   /          | GASOLINE RBOB FUT SEP 2025   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -25 | NC      | $23696.95     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GASOLINE RBOB FUT NOV 2025   /          | GASOLINE RBOB FUT NOV 2025   /                             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         28 | NC      | $-22321.64    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| AUST 10Y BOND FUT SEPT 25   /           | AUST 10Y BOND FUT SEPT 25   /                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | AU        |       -108 | NC      | $-71792.50    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-15

**Name of Applicant:** Investment Managers Series Trust III

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President