# EDGAR Filing Document

**Accession Number:** 0001058587
**File Stem:** 0001162044-26-000238
**Filing Date:** 2026-3
**Character Count:** 25499
**Document Hash:** 0fd3cb2ed670053427a5d264582dc49b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-26-000238.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001162044-26-000238

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UPRIGHT INVESTMENTS TRUST
- **CENTRAL INDEX KEY:** 0001058587

**ORGANIZATION NAME:**
- **EIN:** 223591153
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08723
- **FILM NUMBER:** 26707362

**BUSINESS ADDRESS:**
- **STREET 1:** 349 RIDGEDALE AVENUE
- **CITY:** EAST HANOVER
- **STATE:** NJ
- **ZIP:** 07936
- **BUSINESS PHONE:** 9735331818

**MAIL ADDRESS:**
- **STREET 1:** 349 RIDGEDALE AVENUE
- **CITY:** EAST HANOVER
- **STATE:** NJ
- **ZIP:** 07936

## Series and Classes Contracts Data

### Upright Growth Fund (Series ID: S000004906)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000013262 | Upright Growth Fund | UPUPX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (unaudited)** | **December 31, 2025 (unaudited)** | **December 31, 2025 (unaudited)** |
| **<u>Upright Growth Fund</u>** | **<u>Upright Growth Fund</u>** | **<u>Upright Growth Fund</u>** |
|  | **Shares or Principal** |  |
| **Security Description** | **Amount ($)** | **Fair Value ($)(1)** |
| **Common Stocks - 75.58%** | **Common Stocks - 75.58%** | **Common Stocks - 75.58%** |
| **Agricultural Inputs - 0.11%** |  |  |
| The Mosaic Co. | 1200  | 28908  |
| **Banks - Diversified - 1.37%** |  |  |
| Bank of America Corp. | 6000  | 330000  |
| **Consumer Electronics - 6.43%** |  |  |
| Apple, Inc. | 5700  | 1549602  |
| **Drug Manufacturers - General - 2.28%** |  |  |
| AbbVie, Inc. | 2400  | 548376  |
| **Drug Manufacturers - Specialty & Generic - 8.62%** |  |  |
| Bausch Health Cos., Inc. (2) | 2000  | 13900  |
| Teva Pharmaceutical Industries Ltd. ADR (2) | 66102  | 2063043  |
|  |  | 2076943  |
| **Electrical Equipment & Parts - 0.59%** |  |  |
| Plug Power, Inc. (2) | 72500  | 142825  |
| **Insurance - Life - 1.09%** |  |  |
| Brighthouse Financial, Inc. (2) | 1000  | 64790  |
| MetLife, Inc. | 2500  | 197350  |
|  |  | 262140  |
| **Integrated Circuit Design - 22.81%** |  |  |
| Himax Technologies, Inc. ADR (2) | 671261  | 5497628  |
| **Internet Content & Information- 3.43%** |  |  |
| Alphabet, Inc. Class C  | 2000  | 627600  |
| Meta Platforms, Inc. Class A  | 300  | 198027  |
|  |  | 825627  |
| **Internet Retail - 1.22%** |  |  |
| Alibaba Group Holding Ltd. ADR (2) | 2000  | 293160  |
| **Semiconductors - 26.70%** |  |  |
| ASE Technology Holding Co. Ltd. ADR (2) | 10000  | 161000  |
| Silicon Motion Technology Corp. ADR  | 11500  | 1066050  |
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 17000  | 5166130  |
| United Microelectronics Corp. ADR (2) | 5500  | 43230  |
|  |  | 6436410  |
| **Specialty Retail - 75.58%** |  |  |
| PDD Holdings, Inc. (2) | 2000  | 226780  |
| Total Common Stock | (Cost $10,944,806) | 18218399  |
| **Exchange-Traded Funds (3) - 13.03%** | **Exchange-Traded Funds (3) - 13.03%** | **Exchange-Traded Funds (3) - 13.03%** |
| Direxion Daily 20+ Year Treasury Bull 3X Shares | 10000  | 373200  |
| Direxion Daily Aerospace & Defense Bull 3X Shares | 5500  | 351340  |
| Direxion Daily Dow Jones Internet Bull 3X Shares | 22000  | 601920  |
| Direxion Daily Industrials Bull 3X Shares | 3000  | 202560  |
| Direxion Daily Pharmaceutical & Medical Bull 3X Shares | 4000  | 49200  |
| Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF | 3000  | 152280  |
| Direxion Daily Real Estate Bull 3X Shares | 5000  | 42600  |
| Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares | 4000  | 102320  |
| Direxion Daily Semiconductor Bull 3X Shares | 10100  | 424503  |
| Direxion Financial Bull 3X Shares | 2000  | 336660  |
| Direxion Small Cap Bull 3X Shares | 1500  | 68310  |
| iShares 20+ Year Treasury Bond ETF | 5000  | 435800  |
| Total Exchange-Traded Funds | (Cost $2,018,342) | 3140693  |
| **Money Market Registered Investment Companies (4) - 12.55%** | **Money Market Registered Investment Companies (4) - 12.55%** | **Money Market Registered Investment Companies (4) - 12.55%** |
| Fidelity Institutional Money Market - Treasury Portfolio - Class I - 3.41% | 2000000  | 2000000  |
| Morgan Stanley Institutional Liquidity Fund Government Portfolio - 3.43%  | 1024025  | 1024025  |
| Total Money Market Registered Investment Companies | (Cost $3,024,025) | 3024025  |
| **Total Investments - 101.16%** | (Cost $16,037,173) | 24383117  |
| Liabilities in Excess of Other Assets - (1.16%) |  | (279203) |
| Total Net Assets - 100.00% |  | 24103914  |
| (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. |
| • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities |
| • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
| • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of December 31, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of December 31, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of December 31, 2025 in valuing the Fund's assets carried at fair value: |
|  | Investments in  | Other Financial |
| Valuation Inputs | Securities | Instruments (9) |
| Level 1 - Quoted Prices | $24383117 | $- |
| Level 2 - Other Significant Observable Inputs | - | - |
| Level 3 - Significant Unobservable Inputs | - | - |
| Total | $24383117 | $0  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. |
| (2) Represents non-income producing securities. | (2) Represents non-income producing securities. | (2) Represents non-income producing securities. |
| (3) Exchange-traded fund. | (3) Exchange-traded fund. | (3) Exchange-traded fund. |
| (4) Investment in affiliate. The yield shown represents the 7-day yield in effect at December 31, 2025.  | (4) Investment in affiliate. The yield shown represents the 7-day yield in effect at December 31, 2025.  | (4) Investment in affiliate. The yield shown represents the 7-day yield in effect at December 31, 2025.  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** UPRIGHT INVESTMENTS TRUST

- **b. Investment Company Act file number:** 811-08723

- **c. CIK number of Registrant:** 0001058587

- **d. LEI of Registrant:** 5493003ZI0LVEQKB4487

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

  - **Street Address 1:** 349 RIDGEDALE AVE.

  - **City:** EAST HANOVER

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07936

  - **Telephone number:** 973-533-1818

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

- **a. Name of Series:** Upright Growth Fund

- **b. EDGAR series identifier (if any):** S000004906

- **c. LEI of Series:** 5493001L3JS2SRVYKZ86

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $24405947.58

**Total Liabilities:** $302033.60

**Net Assets:** $24103913.98

**Cash Not Reported:** $500.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013262 | 4.58%                | -5.21%               | 3.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1166015.85                                |
| Month 2  | $77908.12                | $-1373931.11                               |
| Month 3  | $215272.27               | $708918.59                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AbbVie, Inc.                                 | AbbVie, Inc.                                                                       | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      2400 | NS      | $548376.00    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                   | Alibaba Group Holding Ltd. ADR                                                     | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      2000 | NS      | $293160.00    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                               | Alphabet, Inc.                                                                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      2000 | NS      | $627600.00    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                  | Apple, Inc.                                                                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      5700 | NS      | $1549602.00   | 6.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co. Ltd.              | ASE Technology Holding Co. Ltd. ADR                                                | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | CN        |     10000 | NS      | $161000.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | Bank of America Corp.                                                              | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      6000 | NS      | $330000.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch Health Cos., Inc.                     | Bausch Health Cos., Inc.                                                           | CUSIP: 071734107<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | EC               | CORP              | CA        |      2000 | NS      | $13900.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial, Inc.                  | Brighthouse Financial, Inc.                                                        | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |      1000 | NS      | $64790.00     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily 20+ Year Treasury Bull 3X Shares                                    | CUSIP: 25460G138<br>LEI: N/A                  | Long             | EC               | RF                | US        |     10000 | NS      | $373200.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Aerospace & Defense Bull 3X Shares                                  | CUSIP: 25460E661<br>LEI: 549300VG68HYTVDG1738 | Long             | EC               | RF                | US        |      5500 | NS      | $351340.00    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Dow Jones Internet Bull 3X Shares                                   | CUSIP: 25460E364<br>LEI: 549300XXKV22AN28JF38 | Long             | EC               | RF                | US        |     22000 | NS      | $601920.00    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Industrials Bull 3X Shares                                          | CUSIP: 25460E737<br>LEI: 549300DDEAR7S3PWSL31 | Long             | EC               | RF                | US        |      3000 | NS      | $202560.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Pharmaceutical & Medical Bull 3X Shares                             | CUSIP: 25460E646<br>LEI: 549300HLYIVQQ31NJC71 | Long             | EC               | RF                | US        |      4000 | NS      | $49200.00     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF                         | CUSIP: 25459W730<br>LEI: B15Q6MX3OEO111P4BX96 | Long             | EC               | RF                | US        |      3000 | NS      | $152280.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Real Estate Bull 3X Shares                                          | CUSIP: 25459W755<br>LEI: P8BQAXSX9Q7HO4G7MO50 | Long             | EC               | RF                | US        |      5000 | NS      | $42600.00     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares | CUSIP: 25460G823<br>LEI: 549300T7PQ41I2T80K11 | Long             | EC               | RF                | US        |      4000 | NS      | $102320.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Daily Semiconductor Bull 3X Shares                                        | CUSIP: 25459W458<br>LEI: 549300CSAWUY4LTETA16 | Long             | EC               | RF                | US        |     10100 | NS      | $424503.00    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Financial Bull 3X Shares                                                  | CUSIP: 25459Y694<br>LEI: K98KMGGYJD1W0EDCBP05 | Long             | EC               | RF                | US        |      2000 | NS      | $336660.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | Direxion Small Cap Bull 3X Shares                                                  | CUSIP: 25459W847<br>LEI: EI6O4TKYTT2L506TQD71 | Long             | EC               | RF                | US        |      1500 | NS      | $68310.00     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Institutional Cash Portfolios       | Fidelity Institutional Money Market - Treasury Portfolio - Class Iii               | CUSIP: 316175884<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2000000 | NS      | $2000000.00   | 8.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Himax Technologies, Inc.                     | Himax Technologies, Inc. ADR                                                       | CUSIP: 43289P106<br>LEI: 529900Z6XWS79D8T1X09 | Long             | EC               | CORP              | CN        |    671261 | NS      | $5497627.59   | 22.81%            |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                                | MetLife, Inc.                                                                      | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      2500 | NS      | $197350.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                         | Meta Platforms, Inc. Class A                                                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       300 | NS      | $198027.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds | Morgan Stanley Institutional Liquidity Fund Government Portfolio                   | CUSIP: 61747C608<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1024025 | NS      | $1024025.33   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings, Inc.                           | PDD Holdings, Inc.                                                                 | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      2000 | NS      | $226780.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power, Inc.                             | Plug Power, Inc.                                                                   | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |     72500 | NS      | $142825.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Motion Technology Corp.              | Silicon Motion Technology Corp. ADR                                                | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | CN        |     11500 | NS      | $1066050.00   | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd.                                       | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | CN        |     17000 | NS      | $5166130.00   | 21.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd.          | Teva Pharmaceutical Industries Ltd.                                                | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |     66102 | NS      | $2063043.42   | 8.56%             |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Co.                               | The Mosaic Co.                                                                     | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      1200 | NS      | $28908.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United Microelectronics Corp.                | United Microelectronics Corp. ADR                                                  | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | CN        |      5500 | NS      | $43230.00     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                | iShares 20+ Year Treasury Bond ETF                                                 | CUSIP: 464287432<br>LEI: 549300WWURKS1JGBZU59 | Long             | EC               | RF                | US        |      5000 | NS      | $435800.00    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** Upright Investments Trust

**Signature:** /s/ YOW-SHANG CHIUEH

**Name of Signer:** YOW-SHANG CHIUEH

**Title:** President