# EDGAR Filing Document

**Accession Number:** 0002013853
**File Stem:** 0000910472-26-002869
**Filing Date:** 2026-2
**Character Count:** 225680
**Document Hash:** 892cfa4ad9db15ef8dccf50ae7122f07
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002869.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002869

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New Age Alpha Funds Trust
- **CENTRAL INDEX KEY:** 0002013853

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23945
- **FILM NUMBER:** 26683858

**BUSINESS ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 212-922-2699

**MAIL ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### NAA Opportunity Fund (Series ID: S000087629)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000253485 | Class C             |  |
| C000253487 | Institutional Class |  |
| C000253488 | Class A             |  |

## Nport-Ex

---

| |
|:---|
| **NAA OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 47.6%** |  |
|  | **Communications - 3.3%** |  |
| 12627 | AT&T, Inc. | $313655 |
| 393 | GoDaddy, Inc., Class A<sup>(a)</sup> | 48763 |
| 298 | IDT Corporation, Class B | 15261 |
| 2398 | Iridium Communications, Inc. | 41677 |
| 7798 | Liberty Global Ltd., Class A<sup>(a)</sup> | 86870 |
| 5855 | Spok Holdings, Inc. | 77227 |
| 1079 | Telephone and Data Systems, Inc. | 44239 |
| 1517 | T-Mobile US, Inc. | 308012 |
| 5569 | Verizon Communications, Inc. | 226825 |
|  |  | 1162529 |
|  | **Consumer Discretionary - 0.4%** |  |
| 1626 | Carnival Corporation<sup>(a)</sup> | 49658 |
| 1004 | Fortune Brands Innovations, Inc. | 50220 |
| 35 | PDD Holdings, Inc. - ADR<sup>(a)</sup> | 3969 |
| 1189 | PROG Holdings, Inc. | 35064 |
|  |  | 138911 |
|  | **Consumer Staples - 4.8%** |  |
| 3931 | Altria Group, Inc. | 226661 |
| 3715 | Brown-Forman Corporation, Class B | 96813 |
| 1532 | Colgate-Palmolive Company | 121059 |
| 1788 | Constellation Brands, Inc., Class A | 246672 |
| 3267 | General Mills, Inc. | 151916 |
| 857 | Hershey Company (The) | 155957 |
| 2537 | Monster Beverage Corporation<sup>(a)</sup> | 194512 |
| 1969 | PepsiCo, Inc. | 282591 |
| 1185 | Philip Morris International, Inc. | 190074 |
| 1213 | USANA Health Sciences, Inc.<sup>(a)</sup> | 23811 |
|  |  | 1690066 |
|  | **Energy - 7.9%** |  |
| 15309 | Antero Midstream Corporation | 272347 |
| 2243 | Cheniere Energy, Inc. | 436017 |
| 3489 | Chevron Corporation | 531758 |
| 2865 | DT Midstream, Inc. | 342883 |
| 4631 | Exxon Mobil Corporation | 557294 |

---

---

| |
|:---|
| **NAA OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 47.6% (Continued)** |  |
|  | **Energy - 7.9% (Continued)** |  |
| 9169 | Kinder Morgan, Inc. | $252056 |
| 671 | Targa Resources Corporation | 123800 |
| 4413 | Williams Companies, Inc. (The) | 265265 |
|  |  | 2781420 |
|  | **Financials - 2.2%** |  |
| 1459 | AerCap Holdings N.V. | 209747 |
| 210 | Ameriprise Financial, Inc. | 102971 |
| 15924 | Annaly Capital Management, Inc. | 356061 |
| 153 | Interactive Brokers Group, Inc., Class A | 9839 |
| 3920 | Regions Financial Corporation | 106232 |
|  |  | 784850 |
|  | **Health Care - 6.4%** |  |
| 1034 | Abbott Laboratories | 129550 |
| 10716 | Bristol-Myers Squibb Company | 578020 |
| 2444 | Gilead Sciences, Inc. | 299977 |
| 295 | HCA Healthcare, Inc. | 137724 |
| 2404 | Incyte Corporation<sup>(a)</sup> | 237443 |
| 1328 | Medtronic PLC | 127568 |
| 2818 | Merck & Company, Inc. | 296623 |
| 17901 | Pfizer, Inc. | 445735 |
|  |  | 2252640 |
|  | **Industrials - 5.0%** |  |
| 1425 | 3M Company | 228143 |
| 16295 | ADT, Inc. | 131501 |
| 833 | Allegion plc | 132630 |
| 113 | EMCOR Group, Inc. | 69132 |
| 1757 | Fluor Corporation<sup>(a)</sup> | 69630 |
| 3841 | Fortive Corporation | 212061 |
| 2634 | Graco, Inc. | 215909 |
| 437 | Illinois Tool Works, Inc. | 107633 |
| 285 | Lennox International, Inc. | 138390 |
| 52 | Pentair PLC | 5415 |
| 492 | Snap-on, Inc. | 169543 |
| 873 | Toro Company (The) | 68723 |

---

---

| |
|:---|
| **NAA OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 47.6% (Continued)** |  |
|  | **Industrials - 5.0% (Continued)** |  |
| 333 | Trane Technologies PLC | $129604 |
| 98 | WW Grainger, Inc. | 98887 |
|  |  | 1777201 |
|  | **Materials - 2.9%** |  |
| 1797 | Reliance, Inc. | 519100 |
| 426 | Royal Gold, Inc. | 94696 |
| 2919 | Southern Copper Corporation | 418788 |
|  |  | 1032584 |
|  | **Real Estate - 0.7%** |  |
| 943 | McGrath RentCorporation | 98949 |
| 5151 | VICI Properties, Inc. | 144846 |
|  |  | 243795 |
|  | **Technology - 6.0%** |  |
| 768 | Adobe, Inc.<sup>(a)</sup> | 268793 |
| 604 | Autodesk, Inc.<sup>(a)</sup> | 178791 |
| 7581 | Bandwidth, Inc., Class A<sup>(a)</sup> | 117126 |
| 501 | Cirrus Logic, Inc.<sup>(a)</sup> | 59369 |
| 1273 | Cisco Systems, Inc. | 98059 |
| 873 | Clear Secure, Inc., Class A | 30625 |
| 2553 | Dolby Laboratories, Inc., Class A | 163953 |
| 1908 | Dropbox, Inc., Class A<sup>(a)</sup> | 53042 |
| 161 | F5, Inc.<sup>(a)</sup> | 41097 |
| 133 | Gartner, Inc.<sup>(a)</sup> | 33553 |
| 4470 | Gen Digital, Inc. | 121539 |
| 172 | Mastercard, Inc., Class A | 98192 |
| 346 | Motorola Solutions, Inc. | 132629 |
| 900 | NetApp, Inc. | 96381 |
| 47 | NVIDIA Corporation | 8766 |
| 548 | PTC, Inc.<sup>(a)</sup> | 95467 |
| 442 | QUALCOMM, Inc. | 75603 |
| 232 | Roper Technologies, Inc. | 103270 |
| 587 | Salesforce, Inc. | 155502 |
| 345 | Wix.com Ltd.<sup>(a)</sup> | 35842 |

---

---

| |
|:---|
| **NAA OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** |  |  |  | **Fair Value** |
|  | **COMMON STOCKS — 47.6% (Continued)** |  |  |  |
|  | **Technology - 6.0% (Continued)** |  |  |  |
| 1714 | Zoom Video Communications, Inc.<sup>(a)</sup> |  |  | $147901 |
|  |  |  |  | 2115500 |
|  | **Utilities - 8.0%** |  |  |  |
| 1236 | American Electric Power Company, Inc. |  |  | 142523 |
| 1681 | American States Water Company |  |  | 121839 |
| 1242 | Atmos Energy Corporation |  |  | 208196 |
| 2606 | Consolidated Edison, Inc. |  |  | 258828 |
| 1911 | Duke Energy Corporation |  |  | 223988 |
| 1511 | Edison International |  |  | 90690 |
| 1843 | Evergy, Inc. |  |  | 133599 |
| 7401 | Exelon Corporation |  |  | 322610 |
| 3255 | Genie Energy Ltd., Class B |  |  | 44854 |
| 3184 | National Fuel Gas Company |  |  | 254911 |
| 4449 | NiSource, Inc. |  |  | 185790 |
| 8178 | OGE Energy Corporation |  |  | 349200 |
| 2065 | Otter Tail Corporation |  |  | 166873 |
| 1397 | PG&E Corporation |  |  | 22450 |
| 2453 | WEC Energy Group, Inc. |  |  | 258693 |
|  |  |  |  | 2785044 |
|  | **TOTAL COMMON STOCKS (Cost $16,520,138)** |  |  | 16764540 |
| **Principal<br> Amount ($)** |  | **Coupon Rate<br> (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 25.4%** |  |  |  |
|  | **U.S. TREASURY BILLS — 25.4%** |  |  |  |
| 9000000 | United States Treasury Bill<sup>(b)</sup> |  | &nbsp;&nbsp;02/26/26 | 8950631 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $8,948,130)** |  |  |  |
|  | **TOTAL INVESTMENTS - 73.0% (Cost $25,468,268)** |  |  | $25715171 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 27.0%** |  |  | 9508005 |
|  | **NET ASSETS - 100.0%** |  |  | $35223176 |

---

<sup>(a)</sup> Non-income producing security. <br><sup>(b)</sup> Zero coupon bond.

ADR - American Depositary Receipt

LTD - Limited Company

MSCI - Morgan Stanley Capital International

N.V. - Naamioze Vennootschap

PLC - Public Limited Company

S.A. - Société Anonyme

---

| |
|:---|
| **NAA OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** |
| **Notional Amount at<br> December 31, 2025** | **Number of<br> Shares** | **Reference Obligation#** | **Floating☑ Rate** | **Pay/Receive<br> Floating Rate** | **Maturity Date^** | **Fair Value** | **Upfront<br> payments/<br> receipts** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| $4103 | 28 | 3M Co | FEDEF-1D +45 bps | Pay | 11/23/2025 | $278 | $— | $278 |
| (265788) | (5324) | Abm Industries Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 44281 |  | 44281 |
| 285906 | 1153 | Accenture Plc-Cl A | FEDEF-1D +45 bps | Pay | 11/23/2025 | 21489 |  | 21489 |
| (463077) | (36037) | Acuren Corporation | FEDEF-1D +45 bps | Receive | 11/23/2025 | 102556 |  | 102556 |
| (312257) | (31245) | Acv Auctions Inc-A | FEDEF-1D -35 bps | Receive | 11/23/2025 | 64719 |  | 64719 |
| (151946) | (1310) | Addus Homecare Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | 12737 |  | 12737 |
| 115933 | 16460 | Adt Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 15071 |  | 15071 |
| 175021 | 1789 | Aercap Holdings Nv | FEDEF-1D +45 bps | Pay | 11/23/2025 | 74834 |  | 74834 |
| 132637 | 13061 | Aes Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 56075 |  | 56075 |
| (224143) | (859) | Air Products & Chemicals | FEDEF-1D -35 bps | Receive | 11/23/2025 | 12584 |  | 12584 |
| 100618 | 1349 | Akamai Technologies | FEDEF-1D +45 bps | Pay | 11/23/2025 | 16376 |  | 16376 |
| (139920) | (1939) | Albemarle Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | (132607) |  | (132607) |
| 500642 | 16298 | Alcoa Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 357630 |  | 357630 |
| (78408) | (368) | Alexander'S Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (1574) |  | (1574) |
| 94333 | 723 | Allegion Plc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 18473 |  | 18473 |
| 120908 | 722 | Alpha Metallurgical | FEDEF-1D +45 bps | Pay | 11/23/2025 | 21409 |  | 21409 |
| 2620 | 51 | Altria Group Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 411 |  | 411 |
| 90635 | 924 | American Electric Power | FEDEF-1D +45 bps | Pay | 11/23/2025 | 14575 |  | 14575 |
| (180777) | (6354) | American Healthcare | FEDEF-1D -35 bps | Receive | 11/23/2025 | (118238) |  | (118238) |
| 137530 | 263 | Ameriprise Financial | FEDEF-1D +45 bps | Pay | 11/23/2025 | (12773) |  | (12773) |
| (182322) | (3504) | Amrize Ltd | FEDEF-1D -35 bps | Receive | 11/23/2025 | (6664) |  | (6664) |
| 325066 | 5625 | Anglogold Ashanti Plc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 149419 |  | 149419 |
| 43324 | 2422 | Annaly Capital Management | FEDEF-1D +45 bps | Pay | 11/23/2025 | 9344 |  | 9344 |
| 304714 | 9859 | Anterix Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (99441) |  | (99441) |
| 151865 | 9614 | Antero Midstream Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 19776 |  | 19776 |
| 146063 | 611 | Applied Industrial Technologies | FEDEF-1D +45 bps | Pay | 11/23/2025 | 6230 |  | 6230 |
| 58009 | 145 | Applovin Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 38094 |  | 38094 |
| (110360) | (1473) | Arcbest Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | 2459 |  | 2459 |
| 258050 | 4253 | Archer-Daniels-Midland | FEDEF-1D +45 bps | Pay | 11/23/2025 | (14442) |  | (14442) |
| (229639) | (8736) | Archrock Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 2727 |  | 2727 |
| 503820 | 10175 | Array Digital Infras | FEDEF-1D +45 bps | Pay | 11/23/2025 | 38279 |  | 38279 |
| (416710) | (7626) | Ashland Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (30379) |  | (30379) |
| 160918 | 2222 | Ast Spacemobile Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (640) |  | (640) |
| 192808 | 8280 | At&T Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 11875 |  | 11875 |
| (358450) | (8832) | Atlanta Braves Holdings | FEDEF-1D -35 bps | Receive | 11/23/2025 | 17683 |  | 17683 |
| 195677 | 5720 | Atlantic Union Banks | FEDEF-1D +45 bps | Pay | 11/23/2025 | 4929 |  | 4929 |
| 139736 | 6577 | Atn International Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 11541 |  | 11541 |
| (339243) | (2257) | Balchem Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | (5776) |  | (5776) |
| (377081) | (7228) | Ball Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | 2171 |  | 2171 |
| 350876 | 21155 | Bandwidth Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (37701) |  | (37701) |
| (272945) | (6718) | Barrett Business Svc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 30704 |  | 30704 |
| (157238) | (5916) | Bbb Foods Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (38787) |  | (38787) |
| 349307 | 1972 | Biogen Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (3470) |  | (3470) |
| 162948 | 1661 | Biontech Se-Adr | FEDEF-1D +45 bps | Pay | 11/23/2025 | (5386) |  | (5386) |
| (368531) | (16343) | Bkv Corporation | FEDEF-1D -35 bps | Receive | 11/23/2025 | (67361) |  | (67361) |
| 138771 | 2998 | Blue Bird Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | (916) |  | (916) |
| (166836) | (1039) | C.H. Robinson Worldwide | FEDEF-1D -35 bps | Receive | 11/23/2025 | (379) |  | (379) |
| (352822) | (8636) | Cactus Inc - A | FEDEF-1D -35 bps | Receive | 11/23/2025 | (39465) |  | (39465) |
| 291316 | 3000 | Cal-Maine Foods Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (49181) |  | (49181) |
| (179565) | (1574) | Camden Property Trust | FEDEF-1D -35 bps | Receive | 11/23/2025 | 6350 |  | 6350 |
| 96994 | 221 | Carlisle Cos Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (30361) |  | (30361) |
| 84922 | 3577 | Carnival Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 20902 |  | 20902 |

---

---

| |
|:---|
| **NAA OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** |
| **Notional Amount at<br> December 31, 2025** | **Number of<br> Shares** | **Reference Obligation#** | **Floating Rate** | **Pay/Receive<br> Floating Rate** | **Maturity Date^** | **Fair Value** | **Upfront<br> payments/<br> receipts** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| $150921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;973 | Cdw Corp/De | FEDEF-1D +45 bps | Pay | 11/23/2025 | $(18826) | $— | $(18826) |
| (95715) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26929) | Ceco Environmental | FEDEF-1D -35 bps | Receive | 11/23/2025 | (58924) |  | (58924) |
| (180736) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3452) | Celanese Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | 37762 |  | 37762 |
| 206096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5751 | Centene Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 29402 |  | 29402 |
| (393959) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20505) | Chemours Co/The | FEDEF-1D -35 bps | Receive | 11/23/2025 | 158717 |  | 158717 |
| 108659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4946 | Cia De Minas Buenave | FEDEF-1D +45 bps | Pay | 11/23/2025 | 28943 |  | 28943 |
| (130583) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4875) | Cinemark Holdings Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 17657 |  | 17657 |
| 77390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752 | Cirrus Logic Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 7653 |  | 7653 |
| 94761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4019 | Clear Secure Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 45463 |  | 45463 |
| 82682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7952 | Cnh Industrial Nv | FEDEF-1D +45 bps | Pay | 11/23/2025 | (9934) |  | (9934) |
| (229002) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7334) | Cnx Resources Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | (37661) |  | (37661) |
| 115235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1024 | Coca-Cola Consolidated | FEDEF-1D +45 bps | Pay | 11/23/2025 | 39218 |  | 39218 |
| 267922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3686 | Cognizant Tech Solutions | FEDEF-1D +45 bps | Pay | 11/23/2025 | 37292 |  | 37292 |
| (188915) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12235) | Columbia Financial Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 612 |  | 612 |
| 291334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5406 | Commercial Metals Co | FEDEF-1D +45 bps | Pay | 11/23/2025 | 77696 |  | 77696 |
| 72383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4215 | Compass Minerals Int | FEDEF-1D +45 bps | Pay | 11/23/2025 | 9895 |  | 9895 |
| (176810) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9684) | Comstock Resources Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (45745) |  | (45745) |
| 255699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2648 | Consolidated Edison | FEDEF-1D +45 bps | Pay | 11/23/2025 | 7775 |  | 7775 |
| 139186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9617 | Constellium Se | FEDEF-1D +45 bps | Pay | 11/23/2025 | 39033 |  | 39033 |
| 87276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1212 | Cooper Cos Inc/The | FEDEF-1D +45 bps | Pay | 11/23/2025 | 9459 |  | 9459 |
| (93938) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1134) | Core Natural Resources | FEDEF-1D -35 bps | Receive | 11/23/2025 | (5637) |  | (5637) |
| (279520) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1466) | Cra International Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (13951) |  | (13951) |
| (90851) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(892) | Crown Castle Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 11176 |  | 11176 |
| (351052) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9940) | Csx Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | (8355) |  | (8355) |
| 156025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313 | Cummins Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 3202 |  | 3202 |
| (279097) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12145) | Curbline Properties | FEDEF-1D -35 bps | Receive | 11/23/2025 | (291) |  | (291) |
| 265619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3356 | Cvs Health Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | (210) |  | (210) |
| 91888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204 | Daily Journal Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 5949 |  | 5949 |
| 211635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1493 | Davita Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (46855) |  | (46855) |
| 153717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;955 | Dell Technologies - C | FEDEF-1D +45 bps | Pay | 11/23/2025 | (34554) |  | (34554) |
| 138360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12880 | Dht Holdings Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 21931 |  | 21931 |
| (64670) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8029) | Diamondrock Hospital | FEDEF-1D -35 bps | Receive | 11/23/2025 | (7974) |  | (7974) |
| 140913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1289 | Dollar General Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 29732 |  | 29732 |
| 118215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5507 | Dorian Lpg Ltd | FEDEF-1D +45 bps | Pay | 11/23/2025 | 21724 |  | 21724 |
| (83035) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3642) | Dow Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (3472) |  | (3472) |
| 76720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2862 | Dropbox Inc-Class A | FEDEF-1D +45 bps | Pay | 11/23/2025 | (238) |  | (238) |
| 308002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2305 | Dte Energy Company | FEDEF-1D +45 bps | Pay | 11/23/2025 | (9087) |  | (9087) |
| 257235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2240 | Duke Energy Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 1241 |  | 1241 |
| (272830) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1228) | Eagle Materials Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 19487 |  | 19487 |
| 417012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7503 | Edison International | FEDEF-1D +45 bps | Pay | 11/23/2025 | 33935 |  | 33935 |
| (97541) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3801) | Element Solutions Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 2827 |  | 2827 |
| 279930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;873 | Elevance Health Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 26035 |  | 26035 |
| (175086) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10124) | Elme Communities | FEDEF-1D -35 bps | Receive | 11/23/2025 | (579) |  | (579) |
| 112912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9680 | Embecta Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 2641 |  | 2641 |
| 96115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208 | Emcor Group Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 27256 |  | 27256 |
| 172070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2677 | Evergy Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 20198 |  | 20198 |
| 347779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5036 | Eversource Energy | FEDEF-1D +45 bps | Pay | 11/23/2025 | (6566) |  | (6566) |
| 153495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5141 | Excelerate Energy Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (12559) |  | (12559) |
| (184262) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1256) | Expeditors Intl Wash | FEDEF-1D -35 bps | Receive | 11/23/2025 | (2377) |  | (2377) |
| (361202) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5223) | Exponent Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 289 |  | 289 |
| 60166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242 | F5 Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (1477) |  | (1477) |
| 103679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624 | Federal Agric Mtg Co | FEDEF-1D +45 bps | Pay | 11/23/2025 | 5108 |  | 5108 |

---

---

| |
|:---|
| **NAA OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** |
| **Notional Amount at<br> December 31, 2025** | **Number of<br> Shares** | **Reference Obligation#** | **Floating Rate** | **Pay/Receive<br> Floating Rate** | **Maturity Date^** | **Fair Value** | **Upfront<br> payments/<br> receipts** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| $(240860) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13531) | First Advantage Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | $49619 | $— | $49619 |
| 183808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3955 | Firstenergy Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | (7381) |  | (7381) |
| 128835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3431 | Fluor Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 3118 |  | 3118 |
| (183255) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6887) | Forestar Group Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 15592 |  | 15592 |
| 192979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1878 | Fortinet Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (48978) |  | (48978) |
| 137105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2195 | Fortune Brands Innovation | FEDEF-1D +45 bps | Pay | 11/23/2025 | (30876) |  | (30876) |
| 431405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11368 | Freeport-Mcmoran Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 138676 |  | 138676 |
| (360424) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2246) | Fti Consulting Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (19829) |  | (19829) |
| 184450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;551 | Gartner Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (50863) |  | (50863) |
| 170002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1062 | Gatx Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 8426 |  | 8426 |
| 149501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1876 | Ge Healthcare Technologies | FEDEF-1D +45 bps | Pay | 11/23/2025 | 3847 |  | 3847 |
| 27866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1020 | Gen Digital Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (880) |  | (880) |
| 77469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568 | Generac Holdings Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (3114) |  | (3114) |
| 213602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639 | General Dynamics Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 781 |  | 781 |
| 202585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13687 | Genie Energy Ltd-B | FEDEF-1D +45 bps | Pay | 11/23/2025 | (17586) |  | (17586) |
| (116556) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15193) | Global Net Lease Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (15318) |  | (15318) |
| 89411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3255 | Globalstar Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 107618 |  | 107618 |
| 108510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590 | Godaddy Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (40262) |  | (40262) |
| 87076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9828 | Gogo Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (41870) |  | (41870) |
| (242140) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10479) | Graphic Packaging Holdings | FEDEF-1D -35 bps | Receive | 11/23/2025 | 85566 |  | 85566 |
| (114736) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8898) | Grindr Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (5411) |  | (5411) |
| (135441) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5329) | Guardian Phrmcy Services | FEDEF-1D -35 bps | Receive | 11/23/2025 | (23607) |  | (23607) |
| (374204) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2137) | Gulfport Energy Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | (64533) |  | (64533) |
| (117754) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3709) | Gxo Logistics Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (74289) |  | (74289) |
| (67306) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1380) | H.B. Fuller Co. | FEDEF-1D -35 bps | Receive | 11/23/2025 | (13813) |  | (13813) |
| (245836) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1866) | Hawkins Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (18559) |  | (18559) |
| (279824) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19393) | Healthcare Realty Trust | FEDEF-1D -35 bps | Receive | 11/23/2025 | (52944) |  | (52944) |
| 71402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9164 | Hecla Mining Co | FEDEF-1D +45 bps | Pay | 11/23/2025 | 103204 |  | 103204 |
| (86156) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3940) | Helmerich & Payne | FEDEF-1D -35 bps | Receive | 11/23/2025 | (27007) |  | (27007) |
| 241058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10149 | Hewlett Packard | FEDEF-1D +45 bps | Pay | 11/23/2025 | 2721 |  | 2721 |
| 432219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8150 | Hf Sinclair Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | (58165) |  | (58165) |
| 278150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10299 | Hp Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (47515) |  | (47515) |
| (332513) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9922) | Hub Group Inc-Cl A | FEDEF-1D -35 bps | Receive | 11/23/2025 | (86362) |  | (86362) |
| 195590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;826 | Humana Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 13587 |  | 13587 |
| 355653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6752 | Idt Corp-Class B | FEDEF-1D +45 bps | Pay | 11/23/2025 | (23407) |  | (23407) |
| 322297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53113 | Ihs Holding Ltd | FEDEF-1D +45 bps | Pay | 11/23/2025 | 68129 |  | 68129 |
| 147575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558 | Illinois Tool Works | FEDEF-1D +45 bps | Pay | 11/23/2025 | (12472) |  | (12472) |
| (289200) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7855) | Imax Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | (308) |  | (308) |
| (160644) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4043) | Ingevity Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | (73664) |  | (73664) |
| (73007) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1324) | Innodata Inc | FEDEF-1D -54 bps | Receive | 11/23/2025 | 5744 |  | 5744 |
| 175319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3680 | Interactive Brokers | FEDEF-1D +45 bps | Pay | 11/23/2025 | 54634 |  | 54634 |
| (173540) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3842) | International Paper | FEDEF-1D -35 bps | Receive | 11/23/2025 | 21704 |  | 21704 |
| (298358) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3656) | Intl Flavors & Fragrances | FEDEF-1D -35 bps | Receive | 11/23/2025 | 57658 |  | 57658 |
| 360501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11982 | Iridium Communications | FEDEF-1D +45 bps | Pay | 11/23/2025 | (159212) |  | (159212) |
| (194240) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1462) | Jacobs Solutions Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 3227 |  | 3227 |
| (207114) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13181) | Jbg Smith Properties | FEDEF-1D -35 bps | Receive | 11/23/2025 | (20562) |  | (20562) |
| (68096) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5552) | Jumia Technologies | FEDEF-1D -89 bps | Receive | 11/23/2025 | (1071) |  | (1071) |
| 131978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1543 | Kaiser Aluminum Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 44653 |  | 44653 |
| 95451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103 | Kla Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 27918 |  | 27918 |
| (385300) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4746) | Knife River Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | 57152 |  | 57152 |
| (185151) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3933) | Knight-Swift Transportation | FEDEF-1D -35 bps | Receive | 11/23/2025 | (18635) |  | (18635) |
| (349757) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9850) | Kodiak Gas Services | FEDEF-1D -35 bps | Receive | 11/23/2025 | (19154) |  | (19154) |

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| |
|:---|
| **NAA OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** |
| **Notional Amount at<br> December 31, 2025** | **Number of<br> Shares** | **Reference Obligation#** | **Floating Rate** | **Pay/Receive<br> Floating Rate** | **Maturity Date^** | **Fair Value** | **Upfront<br> payments/<br> receipts** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| $273054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4153 | Kroger Co | FEDEF-1D +45 bps | Pay | 11/23/2025 | $(14288) | $— | $(14288) |
| 182094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6304 | Kyndryl Holdings Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (15911) |  | (15911) |
| (353910) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2916) | Landstar System Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (62912) |  | (62912) |
| 40186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980 | Lendingtree Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 9962 |  | 9962 |
| (77621) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1480) | Lgi Homes Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 14259 |  | 14259 |
| (106088) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9366) | Liberty Energy Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (66910) |  | (66910) |
| 463576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39858 | Liberty Global Ltd-A | FEDEF-1D +45 bps | Pay | 11/23/2025 | (35482) |  | (35482) |
| 227940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28990 | Liberty Latin America | FEDEF-1D +45 bps | Pay | 11/23/2025 | (13165) |  | (13165) |
| (315159) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4438) | Liberty Media Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | (44609) |  | (44609) |
| 151544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3706 | Lincoln National Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 12955 |  | 12955 |
| (194827) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26519) | Lionsgate Studios Co | FEDEF-1D -35 bps | Receive | 11/23/2025 | (46728) |  | (46728) |
| (242568) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2931) | Louisiana-Pacific Co | FEDEF-1D -35 bps | Receive | 11/23/2025 | 6541 |  | 6541 |
| 120204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604 | Lululemon Athletica | FEDEF-1D +45 bps | Pay | 11/23/2025 | 3253 |  | 3253 |
| (101715) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1835) | Lyondellbasell Induustries | FEDEF-1D -35 bps | Receive | 11/23/2025 | 19577 |  | 19577 |
| (313844) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16858) | Macerich Co/The | FEDEF-1D -35 bps | Receive | 11/23/2025 | 3890 |  | 3890 |
| (351181) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7802) | Madison Square Garden | FEDEF-1D -35 bps | Receive | 11/23/2025 | (65946) |  | (65946) |
| (372597) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1681) | Madison Square Gardens | FEDEF-1D -35 bps | Receive | 11/23/2025 | (58638) |  | (58638) |
| (360009) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14545) | Magnolia Oil & Gas Companies | FEDEF-1D -35 bps | Receive | 11/23/2025 | 42941 |  | 42941 |
| (166319) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10536) | Manchester United Plc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (946) |  | (946) |
| 200426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4338 | Maplebear Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (10627) |  | (10627) |
| 362885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1857 | Marathon Petroleum Co | FEDEF-1D +45 bps | Pay | 11/23/2025 | (61608) |  | (61608) |
| (181980) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18027) | Marten Transport Ltd | FEDEF-1D -35 bps | Receive | 11/23/2025 | (23295) |  | (23295) |
| (117479) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(261) | Martin Marietta Materials | FEDEF-1D -35 bps | Receive | 11/23/2025 | (42421) |  | (42421) |
| 268438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3537 | Masco Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | (51142) |  | (51142) |
| 189923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2308 | Materion Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 92870 |  | 92870 |
| 262605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2531 | Mcgrath Rentcorp | FEDEF-1D +45 bps | Pay | 11/23/2025 | (2184) |  | (2184) |
| 31487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353 | Merck & Co. Inc. | FEDEF-1D +45 bps | Pay | 11/23/2025 | 5571 |  | 5571 |
| 251666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9538 | Mesabi Trust | FEDEF-1D +45 bps | Pay | 11/23/2025 | 113637 |  | 113637 |
| 136247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1053 | Micron Technology Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 161680 |  | 161680 |
| 514380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11127 | Millicom Intl Cellular | FEDEF-1D +45 bps | Pay | 11/23/2025 | 100117 |  | 100117 |
| (310222) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5557) | Minerals Technologies | FEDEF-1D -35 bps | Receive | 11/23/2025 | (22724) |  | (22724) |
| 172239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730 | Molina Healthcare In | FEDEF-1D +45 bps | Pay | 11/23/2025 | (49258) |  | (49258) |
| 214107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2584 | Mueller Industries Ilc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 78964 |  | 78964 |
| 72350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1139 | National Fuel Gas Co | FEDEF-1D +45 bps | Pay | 11/23/2025 | 17961 |  | 17961 |
| 124518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9753 | Navigator Holdings LLC | FEDEF-1D +45 bps | Pay | 11/23/2025 | 42136 |  | 42136 |
| 137122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12514 | Nerdwallet Inc-Cl A | FEDEF-1D +45 bps | Pay | 11/23/2025 | 28946 |  | 28946 |
| (12783) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15552) | Newmark Group Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (53426) |  | (53426) |
| (122450) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(161) | Newmarket Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | 11663 |  | 11663 |
| 351828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6545 | Newmont Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 295447 |  | 295447 |
| 37602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;930 | Nextpower Inc-Cl A | FEDEF-1D +45 bps | Pay | 11/23/2025 | 42181 |  | 42181 |
| 244206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6138 | Nisource Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 7599 |  | 7599 |
| 321953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2259 | Nucor Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 43498 |  | 43498 |
| 97425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689 | Nvidia Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 28414 |  | 28414 |
| 556089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12886 | Occidental Petroleum | FEDEF-1D +45 bps | Pay | 11/23/2025 | (30564) |  | (30564) |
| (366425) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14551) | Oceaneering Intl Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 20239 |  | 20239 |
| 91976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2111 | Oge Energy Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | (3126) |  | (3126) |
| (66882) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5216) | O-I Glass Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (8567) |  | (8567) |
| (228502) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1652) | Old Dominion Freight | FEDEF-1D -35 bps | Receive | 11/23/2025 | (29890) |  | (29890) |
| (197493) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9182) | Olin Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | 5646 |  | 5646 |
| 77648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1544 | On Semiconductor | FEDEF-1D +45 bps | Pay | 11/23/2025 | 5421 |  | 5421 |
| 564587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7931 | Oneok Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 16374 |  | 16374 |
| 295244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2319 | Oshkosh Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | (4936) |  | (4936) |

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| |
|:---|
| **NAA OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** |
| **Notional Amount at<br> December 31, 2025** | **Number of<br> Shares** | **Reference Obligation#** | **Floating Rate** | **Pay/Receive<br> Floating Rate** | **Maturity Date^** | **Fair Value** | **Upfront<br> payments/<br> receipts** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| $194229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2568 | Otter Tail Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | $10299 | $— | $10299 |
| 212800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1726 | Owens Corning | FEDEF-1D +45 bps | Pay | 11/23/2025 | (21055) |  | (21055) |
| 244038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13259 | P G & E Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | (39008) |  | (39008) |
| 135626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2879 | Par Pacific Holdings | FEDEF-1D +45 bps | Pay | 11/23/2025 | (34927) |  | (34927) |
| 114597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1043 | Pdd Holdings Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 1349 |  | 1349 |
| (90256) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8844) | Pebblebrook Hotel Trust | FEDEF-1D -35 bps | Receive | 11/23/2025 | (8746) |  | (8746) |
| (136239) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10595) | Pennymac Mortgage Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (583) |  | (583) |
| 67370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724 | Pentair Plc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 5890 |  | 5890 |
| (107166) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3901) | Perimeter Solutions | FEDEF-1D -35 bps | Receive | 11/23/2025 | 72 |  | 72 |
| 303037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2200 | Phillips 66 | FEDEF-1D +45 bps | Pay | 11/23/2025 | (18647) |  | (18647) |
| 150375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3058 | Pilgrim'S Pride Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | (28722) |  | (28722) |
| 320183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7060 | Portland General Electric | FEDEF-1D +45 bps | Pay | 11/23/2025 | 20293 |  | 20293 |
| (275828) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11851) | Privia Health Group | FEDEF-1D -35 bps | Receive | 11/23/2025 | (2499) |  | (2499) |
| 167029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4572 | Prog Holdings Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (36902) |  | (36902) |
| 15972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88 | Ptc Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (1362) |  | (1362) |
| (139459) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10662) | Purecycle Technologies | FEDEF-1D -74 bps | Receive | 11/23/2025 | 49620 |  | 49620 |
| (182418) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5119) | Pursuit Attractions | FEDEF-1D -35 bps | Receive | 11/23/2025 | 11021 |  | 11021 |
| (181041) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1318) | Quaker Chemical Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | 1675 |  | 1675 |
| 133942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;883 | Qualcomm Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 15853 |  | 15853 |
| (305581) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8961) | Range Resources Corp | FEDEF-1D -35 bps | Receive | 11/23/2025 | (6191) |  | (6191) |
| (164552) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1672) | Rb Global Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | (6984) |  | (6984) |
| 157552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1143 | Regal Rexnord Corp | FEDEF-1D +45 bps | Pay | 11/23/2025 | 2139 |  | 2139 |
| 181087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241 | Regeneron Pharmaceuticals | FEDEF-1D +45 bps | Pay | 11/23/2025 | 4305 |  | 4305 |
| 199128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8434 | Regions Financial Co | FEDEF-1D +45 bps | Pay | 11/23/2025 | 30073 |  | 30073 |
| 138128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;718 | Reinsurance Group | FEDEF-1D +45 bps | Pay | 11/23/2025 | 7475 |  | 7475 |
| 18212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62 | Reliance Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | (471) |  | (471) |
| 197547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3751 | Rush Enterprises Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 4093 |  | 4093 |
| (213049) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14992) | Rxo Inc | FEDEF-1D -35 bps | Receive | 11/23/2025 | 28074 |  | 28074 |
| (255495) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3512) | Sabine Royalty Trust | FEDEF-1D -69 bps | Receive | 11/23/2025 | 14130 |  | 14130 |
| (159271) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6225) | Schneider National | FEDEF-1D -35 bps | Receive | 11/23/2025 | (4082) |  | (4082) |
| 144906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3735 | Scorpio Tankers Inc | FEDEF-1D +45 bps | Pay | 11/23/2025 | 44775 |  | 44775 |
| (89704) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1407) | Scotts Miracle-Gro C | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 7050 |  | 7050 |
| (301638) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9564) | Seadrill Limited | FEDEF-1D - 64 bps | Receive | 11/23/2025 | (26593) |  | (26593) |
| (337702) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3605) | Sensient Technologies | FEDEF-1D - 45 bps | Receive | 11/23/2025 | (286) |  | (286) |
| (329187) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7494) | Silgan Holdings Inc | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 30304 |  | 30304 |
| (110726) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7429) | Six Flags Entertainment | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (2924) |  | (2924) |
| (284756) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4434) | Sl Green Realty Corp | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 80392 |  | 80392 |
| 121844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359 | Snap-On Inc | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (514) |  | (514) |
| (189296) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5895) | Solaris Energy Infrastructure | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (80482) |  | (80482) |
| 8536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82 | Southern Copper Corp | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 3073 |  | 3073 |
| (247545) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2985) | Sphere Entertainment | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (35575) |  | (35575) |
| 280887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16733 | Spok Holdings Inc | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (50497) |  | (50497) |
| 195856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7238 | St Corp-Class A | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 19129 |  | 19129 |
| 266730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3766 | Stanley Black & Deck | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 12079 |  | 12079 |
| 87045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12773 | Stealthgas Inc | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 2318 |  | 2318 |
| 284445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1960 | Steel Dynamics Inc | FEDEF-1D - 35 bps | Pay | 11/23/2025 | 45975 |  | 45975 |
| (224528) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1758) | Sun Communities Inc | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 6270 |  | 6270 |
| 246096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30716 | Suncoke Energy Inc | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (21916) |  | (21916) |
| (149248) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(765) | Take-Two Interactive | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (42472) |  | (42472) |
| 189670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1149 | Targa Resources Corp | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 19622 |  | 19622 |
| 228893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2359 | Target Corp | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 1511 |  | 1511 |
| 106535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694 | Td Synnex Corp | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (3014) |  | (3014) |

---

---

| |
|:---|
| **NAA OPPORTUNITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** |
| **Notional Amount at<br> December 31, 2025** | **Number of<br> Shares** | **Reference Obligation#** | **Floating Rate** | **Pay/Receive<br> Floating Rate** | **Maturity Date^** | **Fair Value** | **Upfront<br> payments/<br> receipts** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| $102542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2288 | Teekay Tankers Ltd | FEDEF-1D + 45 bps | Pay | 11/23/2025 | $18426 | $— | $18426 |
| 458812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12284 | Telephone And Data Systems | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 33044 |  | 33044 |
| 330123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9465 | Ternium Sa-Sponsored | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 36332 |  | 36332 |
| (69585) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9056) | Tetra Technologies | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (15075) |  | (15075) |
| 186867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2272 | Textron Inc | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 10578 |  | 10578 |
| 180699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693 | The Cigna Group | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 10128 |  | 10128 |
| (94687) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11704) | Thredup Inc | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 20372 |  | 20372 |
| (248652) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4265) | Tidewater Inc | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 35652 |  | 35652 |
| 255355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1006 | T-Mobile Us Inc | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (58468) |  | (58468) |
| (298162) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7360) | Tootsie Roll Inds | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 30123 |  | 30123 |
| 359878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4526 | Toro Co | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (10484) |  | (10484) |
| 124824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4824 | Trubridge Inc | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (22143) |  | (22143) |
| 114025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2556 | Truist Financial Corp | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 11086 |  | 11086 |
| 345620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6333 | Tyson Foods Inc-Cl A | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 26125 |  | 26125 |
| (156636) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4076) | Udr Inc | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 7639 |  | 7639 |
| 285129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7778 | Ugi Corp | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 7154 |  | 7154 |
| 203126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257 | United Rentals Inc | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 1247 |  | 1247 |
| (243040) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2109) | United States Lime | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (8481) |  | (8481) |
| 115544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372 | Unitedhealth Group | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 4645 |  | 4645 |
| 142101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23304 | Uniti Group Inc | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 20331 |  | 20331 |
| (62761) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15876) | Uranium Energy Corp | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (121116) |  | (121116) |
| 163318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5895 | Usana Health Science | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (52290) |  | (52290) |
| 225915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5023 | V2X Inc | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 41998 |  | 41998 |
| (71807) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1422) | Valaris Ltd | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 830 |  | 830 |
| 325009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1893 | Valero Energy Corp | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (17029) |  | (17029) |
| 392356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8192 | Veon Ltd | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 35567 |  | 35567 |
| (351669) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22394) | Veris Residential Inc | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 23663 |  | 23663 |
| 325221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7622 | Verizon Communications | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (11158) |  | (11158) |
| (275188) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12513) | Verra Mobility Corp | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (4454) |  | (4454) |
| (374400) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9498) | Viper Energy Inc | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 5745 |  | 5745 |
| (94534) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1921) | Vista Energy Sab De | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 1323 |  | 1323 |
| 398182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9875 | Vornado Realty Trust | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (66916) |  | (66916) |
| (100818) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(344) | Vulcan Materials Co | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 2986 |  | 2986 |
| (101327) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3591) | Warner Music Group C | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (8524) |  | (8524) |
| 24738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233 | Wec Energy Group Inc | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (521) |  | (521) |
| (65531) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(478) | Welltower Inc | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (22399) |  | (22399) |
| (371124) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13221) | Werner Enterprises | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (22849) |  | (22849) |
| (343323) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3727) | Westlake Corp | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 72083 |  | 72083 |
| (145004) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5771) | Weyerhaeuser Co | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 8779 |  | 8779 |
| (98344) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1040) | Willdan Group Inc | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (8985) |  | (8985) |
| (177823) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(428) | Winmark Corp | FEDEF-1D - 35 bps | Receive | 11/23/2025 | 3009 |  | 3009 |
| 126017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669 | Wix.Com Ltd | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (61090) |  | (61090) |
| 136663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5236 | World Kinect Corp | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (13878) |  | (13878) |
| 128878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3983 | Worthington Steel In | FEDEF-1D + 45 bps | Pay | 11/23/2025 | 7461 |  | 7461 |
| (94873) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10151) | Xenia Hotels & Resorts | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (50334) |  | (50334) |
| (123197) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(941) | Xpo Inc | FEDEF-1D - 35 bps | Receive | 11/23/2025 | (2926) |  | (2926) |
| 75726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279 | Zebra Technologies | FEDEF-1D + 45 bps | Pay | 11/23/2025 | (8501) |  | (8501) |
|  |  |  |  |  |  | $1065954 | $— | $1065954 |

---

# The counterparty for all swap contracts is Morgan Stanley.

^ Pays at maturity date.

LTD - Limited Company

PLC - Public Limited Company

REIT - Real Estate Investment Trust

FEDEF-1D - 1 Day Federal Funds Rate. The FEDEF-1D was 3.64% on 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:** New Age Alpha Funds Trust

- **b. Investment Company Act file number:** 811-23945

- **c. CIK number of Registrant:** 0002013853

- **d. LEI of Registrant:** 529900860B9CQ8SDNS27

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

  - **Street Address 1:** 555 Theodore Fremd Avenue

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580

  - **Telephone number:** 212-922-2699

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

- **a. Name of Series:** NAA OPPORTUNITY FUND

- **b. EDGAR series identifier (if any):** S000087629

- **c. LEI of Series:** 5299000F9S0KMZ0MP555

**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:** $97966833.45

**Total Liabilities:** $62743657.06

**Net Assets:** $35223176.39

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253485 | -0.06%               | 0.64%                | 0.31%                |
| Class ID C000253487 | 0.03%                | 0.72%                | 0.40%                |
| Class ID C000253488 | 0.03%                | 0.72%                | 0.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $70.94                   | $-451403.18                                |
| Month 2  | $76404.65                | $158661.47                                 |
| Month 3  | $249302.33               | $-345836.39                                |

**Designated Index Information**

- **Index Name:** NAA Opportunity Fd DRP

- **Index Identifier:** NAA OPPORTUNITY FD DRP

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ADT Inc                          | ADT, Inc.                                | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16295 | NS      | $131500.65    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| AT&T Inc                         | AT&T, Inc.                               | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     12627 | NS      | $313654.68    | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Abbott Laboratories              | Abbott Laboratories                      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      1034 | NS      | $129549.86    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Adobe Inc                        | Adobe, Inc.                              | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       768 | NS      | $268792.32    | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Altria Group, Inc.               | Altria Group, Inc.                       | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      3931 | NS      | $226661.46    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| American Electric Power Co, Inc. | American Electric Power Company, Inc.    | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      1236 | NS      | $142523.16    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| American States Water Co.        | American States Water Company            | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |      1681 | NS      | $121838.88    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Ameriprise Financial, Inc.       | Ameriprise Financial, Inc.               | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |       210 | NS      | $102971.40    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Annaly Capital Management, Inc.  | Annaly Capital Management, Inc.          | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     15924 | NS      | $356060.64    | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Antero Midstream Corporation     | Antero Midstream Corporation             | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15309 | NS      | $272347.11    | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Atmos Energy Corp.               | Atmos Energy Corporation                 | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      1242 | NS      | $208196.46    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Autodesk Inc                     | Autodesk, Inc.                           | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |       604 | NS      | $178790.04    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Bandwidth Inc                    | Bandwidth, Inc.                          | CUSIP: 05988J103<br>LEI: 549300QC70JB7MUGXM66 | Long             | EC               | CORP              | US        |      7581 | NS      | $117126.45    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Bristol-Myers Squibb Company     | Bristol-Myers Squibb Company             | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     10716 | NS      | $578021.04    | 1.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Brown-Forman Corp.               | Brown-Forman Corporation Class B         | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |      3715 | NS      | $96812.90     | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Carnival Corporation             | Carnival Corporation                     | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | US        |      1626 | NS      | $49658.04     | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Cheniere Energy Inc              | Cheniere Energy, Inc.                    | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      2243 | NS      | $436016.77    | 1.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Chevron Corp.                    | Chevron Corporation                      | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3489 | NS      | $531758.49    | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Cirrus Logic, Inc.               | Cirrus Logic, Inc.                       | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |       501 | NS      | $59368.50     | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Cisco Systems, Inc.              | Cisco Systems, Inc.                      | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      1273 | NS      | $98059.19     | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Clear Secure Inc                 | Clear Secure, Inc.                       | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       873 | NS      | $30624.84     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Colgate-Palmolive Co.            | Colgate-Palmolive Company                | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      1532 | NS      | $121058.64    | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Consolidated Edison, Inc.        | Consolidated Edison, Inc.                | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      2606 | NS      | $258827.92    | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Constellation Brands, Inc.       | Constellation Brands, Inc. Class A       | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      1788 | NS      | $246672.48    | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| DT Midstream Inc                 | DT Midstream, Inc.                       | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2865 | NS      | $342883.20    | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Dolby Laboratories Inc.          | Dolby Laboratories, Inc. Class A         | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |      2553 | NS      | $163953.66    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Dropbox Inc                      | Dropbox, Inc. Class A                    | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |      1908 | NS      | $53042.40     | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Duke Energy Corp                 | Duke Energy Corporation                  | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      1911 | NS      | $223988.31    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Edison International             | Edison International                     | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      1511 | NS      | $90690.22     | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Emcor Group Inc                  | EMCOR Group, Inc.                        | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       113 | NS      | $69132.27     | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Evergy Inc                       | Evergy, Inc.                             | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      1843 | NS      | $133599.07    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Exelon Corp.                     | Exelon Corporation                       | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      7401 | NS      | $322609.59    | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Exxon Mobil Corp.                | Exxon Mobil Corporation                  | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      4631 | NS      | $557294.54    | 1.58%             |  |  |  | No            | 1                  | On Loan: No      |
| F5 Inc                           | F5, Inc.                                 | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |       161 | NS      | $41096.86     | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Fluor Corporation                | Fluor Corporation                        | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |      1757 | NS      | $69629.91     | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortive Corporation              | Fortive Corporation                      | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |      3841 | NS      | $212061.61    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortune Brands Innovations Inc   | Fortune Brands Innovations, Inc.         | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |      1004 | NS      | $50220.08     | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Gartner Inc.                     | Gartner, Inc.                            | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |       133 | NS      | $33553.24     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| General Mills, Inc.              | General Mills, Inc.                      | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      3267 | NS      | $151915.50    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Genie Energy Ltd                 | Genie Energy Ltd. Class B                | CUSIP: 372284208<br>LEI: 52990057E36X8869GX58 | Long             | EC               | CORP              | US        |      3255 | NS      | $44853.90     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Gilead Sciences Inc.             | Gilead Sciences, Inc.                    | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      2444 | NS      | $299976.56    | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Godaddy Inc                      | GoDaddy, Inc.                            | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |       393 | NS      | $48763.44     | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Graco Inc                        | Graco, Inc.                              | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |      2634 | NS      | $215908.98    | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| W.w. Grainger Inc.               | WW Grainger, Inc.                        | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |        98 | NS      | $98886.90     | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| CROWN CASTLE INC                 | CROWN CASTLE INC - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |      -892 | NS      | $13071.40     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| HCA Healthcare Inc               | HCA Healthcare, Inc.                     | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       295 | NS      | $137723.70    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Hershey Co. (The)                | Hershey Company (The)                    | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |       857 | NS      | $155956.86    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| IDT Corp                         | IDT Corporation Class B                  | CUSIP: 448947507<br>LEI: 549300JNTN7ZMJDFCL56 | Long             | EC               | CORP              | US        |       298 | NS      | $15260.58     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Illinois Tool Works Inc.         | Illinois Tool Works, Inc.                | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |       437 | NS      | $107633.10    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Incyte Corporation.              | Incyte Corporation                       | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      2404 | NS      | $237443.08    | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Interactive Brokers Group Inc    | Interactive Brokers Group, Inc. Class A  | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |       153 | NS      | $9839.43      | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Iridium Communications, Inc.     | Iridium Communications, Inc.             | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |      2398 | NS      | $41677.24     | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Kinder Morgan, Inc.              | Kinder Morgan, Inc.                      | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      9169 | NS      | $252055.81    | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Lennox International Inc.        | Lennox International, Inc.               | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |       285 | NS      | $138390.30    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| MasterCard Incorporated          | Mastercard, Inc. Class A                 | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       172 | NS      | $98191.36     | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| McGrath RentCorp.                | McGrath RentCorporation                  | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |       943 | NS      | $98948.99     | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Merck & Co., Inc                 | Merck & Company, Inc.                    | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      2818 | NS      | $296622.68    | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Monster Beverage Corp            | Monster Beverage Corporation             | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      2537 | NS      | $194511.79    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Motorola Solutions Inc           | Motorola Solutions, Inc.                 | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       346 | NS      | $132628.72    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| National Fuel Gas Company        | National Fuel Gas Company                | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      3184 | NS      | $254911.04    | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| NetApp Inc.                      | NetApp, Inc.                             | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |       900 | NS      | $96381.00     | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| NiSource Inc.                    | NiSource, Inc.                           | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |      4449 | NS      | $185790.24    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Gen Digital Inc                  | Gen Digital, Inc.                        | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |      4470 | NS      | $121539.30    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| NVIDIA Corp.                     | NVIDIA Corporation                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |        47 | NS      | $8765.50      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| OGE Energy Corporation           | OGE Energy Corporation                   | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |      8178 | NS      | $349200.60    | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Otter Tail Corporation           | Otter Tail Corporation                   | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2065 | NS      | $166872.65    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| PG&E Corporation                 | PG&E Corporation                         | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |      1397 | NS      | $22449.79     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| PTC Inc                          | PTC, Inc.                                | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |       548 | NS      | $95467.08     | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Pepsico Inc                      | PepsiCo, Inc.                            | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      1969 | NS      | $282590.88    | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Pfizer Inc.                      | Pfizer, Inc.                             | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     17901 | NS      | $445734.90    | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Philip Morris International Inc. | Philip Morris International, Inc.        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      1185 | NS      | $190074.00    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| PDD Holdings Inc.                | PDD Holdings, Inc. ADR                   | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |        35 | NS      | $3968.65      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| PROG Holdings Inc.               | PROG Holdings, Inc.                      | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |      1189 | NS      | $35063.61     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| QUALCOMM Inc.                    | QUALCOMM, Inc.                           | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       442 | NS      | $75604.10     | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Regions Financial Corporation    | Regions Financial Corporation            | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |      3920 | NS      | $106232.00    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Reliance Inc                     | Reliance, Inc.                           | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      1797 | NS      | $519099.39    | 1.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Roper Technologies Inc           | Roper Technologies, Inc.                 | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       232 | NS      | $103270.16    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Royal Gold, Inc.                 | Royal Gold, Inc.                         | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |       426 | NS      | $94695.54     | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Salesforce Inc.                  | Salesforce, Inc.                         | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       587 | NS      | $155502.17    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Snap-On Incorporated             | Snap-on, Inc.                            | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |       492 | NS      | $169543.20    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Southern Copper Corporation      | Southern Copper Corporation              | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      2919 | NS      | $418788.93    | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Spok Hldgs Inc                   | Spok Holdings, Inc.                      | CUSIP: 84863T106<br>LEI: 549300HXXANIVN2ICC89 | Long             | EC               | CORP              | US        |      5855 | NS      | $77227.45     | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| T-Mobile US Inc                  | T-Mobile US, Inc.                        | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      1517 | NS      | $308011.68    | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Targa Resources Corp.            | Targa Resources Corporation              | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |       671 | NS      | $123799.50    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Telephone and Data Systems Inc.  | Telephone and Data Systems, Inc.         | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1079 | NS      | $44239.00     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| 3M Company                       | 3M Company                               | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      1425 | NS      | $228142.50    | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| The Toro Company                 | Toro Company (The)                       | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |       873 | NS      | $68722.56     | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| USANA Health Sciences Inc.       | USANA Health Sciences, Inc.              | CUSIP: 90328M107<br>LEI: 549300YTURXE814MAH96 | Long             | EC               | CORP              | US        |      1213 | NS      | $23811.19     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury Bills     | U.S. Treasury Bill 0.000%, Due 2/26/2026 | CUSIP: 912797RU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9000000 | PA      | $8950630.59   | 25.41%            | 2026-02-26      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.      | Verizon Communications, Inc.             | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      5569 | NS      | $226825.37    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Vici Properties Inc              | VICI Properties, Inc.                    | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |      5151 | NS      | $144846.12    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| WEC Energy Group Inc.            | WEC Energy Group, Inc.                   | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      2453 | NS      | $258693.38    | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Williams Companies Inc. (The)    | Williams Companies, Inc. (The)           | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      4413 | NS      | $265265.43    | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Zoom Communications Inc.         | Zoom Communications, Inc.                | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      1714 | NS      | $147901.06    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| ALCOA CORP                       | ALCOA CORP - TRS                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     16298 | NS      | $354883.30    | 1.01%             |  |  |  | No            | 2                  | On Loan: No      |
| ABM INDUSTRIES INC               | ABM INDUSTRIES INC - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -5324 | NS      | $46877.85     | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| ACCENTURE PLC-CL A               | ACCENTURE PLC-CL A - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1153 | NS      | $21489.46     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| ACV AUCTIONS INC-A               | ACV AUCTIONS INC-A - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -31245 | NS      | $64718.99     | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| ARRAY DIGITAL INFRAS             | ARRAY DIGITAL INFRAS - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     10175 | NS      | $38279.43     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| ARCHER-DANIELS-MIDLA             | ARCHER-DANIELS-MIDLA - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      4253 | NS      | $-14441.61    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| ADT INC                          | ADT INC - TRS                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     16460 | NS      | $12355.00     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| ADDUS HOMECARE CORP              | ADDUS HOMECARE CORP - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1310 | NS      | $12737.00     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| AMERICAN ELECTRIC PO             | AMERICAN ELECTRIC PO - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       924 | NS      | $11119.35     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| AERCAP HOLDINGS NV               | AERCAP HOLDINGS NV - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1789 | NS      | $72881.66     | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| AES CORP                         | AES CORP - TRS                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     13061 | NS      | $50173.42     | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| FEDERAL AGRIC MTG CO             | FEDERAL AGRIC MTG CO - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       624 | NS      | $2299.71      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| AMERICAN HEALTHCARE              | AMERICAN HEALTHCARE - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -6354 | NS      | $-112670.04   | -0.32%            |  |  |  | No            | 2                  | On Loan: No      |
| APPLIED INDUSTRIAL T             | APPLIED INDUSTRIAL T - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       611 | NS      | $5383.99      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| AKAMAI TECHNOLOGIES              | AKAMAI TECHNOLOGIES - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1349 | NS      | $16376.17     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| ALBEMARLE CORP                   | ALBEMARLE CORP - TRS                     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1939 | NS      | $-130994.50   | -0.37%            |  |  |  | No            | 2                  | On Loan: No      |
| ALLEGION PLC                     | ALLEGION PLC - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       723 | NS      | $16998.85     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| ALEXANDER'S INC                  | ALEXANDER'S INC - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |      -368 | NS      | $-1573.95     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| ANTERO MIDSTREAM COR             | ANTERO MIDSTREAM COR - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      9614 | NS      | $11218.07     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| AMERIPRISE FINANCIAL             | AMERIPRISE FINANCIAL - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       263 | NS      | $-14035.48    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| ALPHA METALLURGICAL              | ALPHA METALLURGICAL - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       722 | NS      | $21408.89     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| AMRIZE LTD                       | AMRIZE LTD - TRS                         | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3504 | NS      | $-6663.67     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| AIR PRODUCTS & CHEMI             | AIR PRODUCTS & CHEMI - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |      -859 | NS      | $12584.12     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| APPLOVIN CORP-CLASS              | APPLOVIN CORP-CLASS - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       145 | NS      | $38094.10     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| ARCBEST CORP                     | ARCBEST CORP - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1473 | NS      | $2628.77      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| ARCHROCK INC                     | ARCHROCK INC - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -8736 | NS      | $4561.97      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| ASHLAND INC                      | ASHLAND INC - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -7626 | NS      | $-24570.40    | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| AST SPACEMOBILE INC              | AST SPACEMOBILE INC - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2222 | NS      | $-640.11      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| ANTERIX INC                      | ANTERIX INC - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      9859 | NS      | $-99440.60    | -0.28%            |  |  |  | No            | 2                  | On Loan: No      |
| ATN INTERNATIONAL IN             | ATN INTERNATIONAL IN - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      6577 | NS      | $11541.38     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| ANGLOGOLD ASHANTI PL             | ANGLOGOLD ASHANTI PL - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      5625 | NS      | $149419.43    | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| ATLANTIC UNION BANKS             | ATLANTIC UNION BANKS - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      5720 | NS      | $2812.55      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| BALL CORP                        | BALL CORP - TRS                          | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -7228 | NS      | $7414.95      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| BANDWIDTH INC-CLASS              | BANDWIDTH INC-CLASS - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     21155 | NS      | $-37701.03    | -0.11%            |  |  |  | No            | 2                  | On Loan: No      |
| ATLANTA BRAVES HOLDI             | ATLANTA BRAVES HOLDI - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -8832 | NS      | $17682.67     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                              | BBH Overnight Sweep                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   6260714 | PA      | $6260714.18   | 17.77%            |  |  |  | No            | 1                  | On Loan: No      |
| BARRETT BUSINESS SVC             | BARRETT BUSINESS SVC - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -6718 | NS      | $31241.86     | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| BALCHEM CORP                     | BALCHEM CORP - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -2257 | NS      | $-5775.56     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| BIOGEN INC                       | BIOGEN INC - TRS                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1972 | NS      | $-3469.68     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| BKV CORPORATION                  | BKV CORPORATION - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -16343 | NS      | $-67361.47    | -0.19%            |  |  |  | No            | 2                  | On Loan: No      |
| BLUE BIRD CORP                   | BLUE BIRD CORP - TRS                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2998 | NS      | $-916.38      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| BIONTECH SE-ADR                  | BIONTECH SE-ADR - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1661 | NS      | $-5386.27     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| CIA DE MINAS BUENAVE             | CIA DE MINAS BUENAVE - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      4946 | NS      | $28228.20     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| CAL-MAINE FOODS INC              | CAL-MAINE FOODS INC - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3000 | NS      | $-60377.10    | -0.17%            |  |  |  | No            | 2                  | On Loan: No      |
| MAPLEBEAR INC                    | MAPLEBEAR INC - TRS                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      4338 | NS      | $-10626.88    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| CHEMOURS CO/THE                  | CHEMOURS CO/THE - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -20505 | NS      | $168952.77    | 0.48%             |  |  |  | No            | 2                  | On Loan: No      |
| CARNIVAL CORP                    | CARNIVAL CORP - TRS                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3577 | NS      | $20902.38     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| CDW CORP/DE                      | CDW CORP/DE - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       973 | NS      | $-19438.49    | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| CELANESE CORP                    | CELANESE CORP - TRS                      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3452 | NS      | $37922.72     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| CECO ENVIRONMENTAL C             | CECO ENVIRONMENTAL C - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -2629 | NS      | $-58924.30    | -0.17%            |  |  |  | No            | 2                  | On Loan: No      |
| C.H. ROBINSON WORLDW             | C.H. ROBINSON WORLDW - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1039 | NS      | $-378.93      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| THE CIGNA GROUP                  | THE CIGNA GROUP - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       693 | NS      | $9081.26      | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| COLUMBIA FINANCIAL I             | COLUMBIA FINANCIAL I - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -12235 | NS      | $612.44       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| COMMERCIAL METALS CO             | COMMERCIAL METALS CO - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      5406 | NS      | $76716.37     | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| COMCAST CORP-CLASS A             | COMCAST CORP-CLASS A - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      7238 | NS      | $19128.85     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| CUMMINS INC                      | CUMMINS INC - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       313 | NS      | $3202.34      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| COMPASS MINERALS INT             | COMPASS MINERALS INT - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      4215 | NS      | $9895.47      | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| CENTENE CORP                     | CENTENE CORP - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      5751 | NS      | $29402.11     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| CNH INDUSTRIAL NV                | CNH INDUSTRIAL NV - TRS                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      7952 | NS      | $-9934.48     | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| CINEMARK HOLDINGS IN             | CINEMARK HOLDINGS IN - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -4875 | NS      | $17657.01     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| CORE NATURAL RESOURC             | CORE NATURAL RESOURC - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1134 | NS      | $-5524.09     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| CNX RESOURCES CORP               | CNX RESOURCES CORP - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -7334 | NS      | $-37661.21    | -0.11%            |  |  |  | No            | 2                  | On Loan: No      |
| COCA-COLA CONSOLIDAT             | COCA-COLA CONSOLIDAT - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1024 | NS      | $38705.56     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| COOPER COS INC/THE               | COOPER COS INC/THE - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1212 | NS      | $9458.85      | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| CAMDEN PROPERTY TRUS             | CAMDEN PROPERTY TRUS - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1574 | NS      | $8002.59      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| CRA INTERNATIONAL IN             | CRA INTERNATIONAL IN - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1466 | NS      | $-13133.16    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| COMSTOCK RESOURCES I             | COMSTOCK RESOURCES I - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -9684 | NS      | $-45744.82    | -0.13%            |  |  |  | No            | 2                  | On Loan: No      |
| CIRRUS LOGIC INC                 | CIRRUS LOGIC INC - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       752 | NS      | $7653.46      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| CARLISLE COS INC                 | CARLISLE COS INC - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       221 | NS      | $-31288.84    | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| CONSTELLIUM SE                   | CONSTELLIUM SE - TRS                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      9617 | NS      | $39032.79     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| CSX CORP                         | CSX CORP - TRS                           | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -9940 | NS      | $-7950.65     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| COGNIZANT TECH SOLUT             | COGNIZANT TECH SOLUT - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3686 | NS      | $36149.67     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| CURBLINE PROPERTIES              | CURBLINE PROPERTIES - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -12145 | NS      | $5457.67      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| CVS HEALTH CORP                  | CVS HEALTH CORP - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3356 | NS      | $-209.75      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| DROPBOX INC-CLASS A              | DROPBOX INC-CLASS A - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2862 | NS      | $-237.69      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| DELL TECHNOLOGIES -C             | DELL TECHNOLOGIES -C - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       955 | NS      | $-34553.85    | -0.10%            |  |  |  | No            | 2                  | On Loan: No      |
| DOLLAR GENERAL CORP              | DOLLAR GENERAL CORP - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1289 | NS      | $29732.05     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| DHT HOLDINGS INC                 | DHT HOLDINGS INC - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     12880 | NS      | $14589.37     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| HF SINCLAIR CORP                 | HF SINCLAIR CORP - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      8150 | NS      | $-58164.71    | -0.17%            |  |  |  | No            | 2                  | On Loan: No      |
| DAILY JOURNAL CORP               | DAILY JOURNAL CORP - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       204 | NS      | $5948.84      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| DOW INC                          | DOW INC - TRS                            | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3642 | NS      | $-922.67      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| DIAMONDROCK HOSPITAL             | DIAMONDROCK HOSPITAL - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -8029 | NS      | $-6229.97     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| DTE ENERGY COMPANY               | DTE ENERGY COMPANY - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2305 | NS      | $-9087.15     | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| DUKE ENERGY CORP                 | DUKE ENERGY CORP - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2240 | NS      | $-8212.06     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| DAVITA INC                       | DAVITA INC - TRS                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1493 | NS      | $-46854.65    | -0.13%            |  |  |  | No            | 2                  | On Loan: No      |
| CONSOLIDATED EDISON              | CONSOLIDATED EDISON - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2648 | NS      | $5523.80      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| EXCELERATE ENERGY IN             | EXCELERATE ENERGY IN - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      5141 | NS      | $-13381.19    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| EDISON INTERNATIONAL             | EDISON INTERNATIONAL - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      7503 | NS      | $23088.51     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| ELME COMMUNITIES                 | ELME COMMUNITIES - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -10124 | NS      | $-578.90      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| ELEVANCE HEALTH INC              | ELEVANCE HEALTH INC - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       873 | NS      | $24541.83     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| EMBECTA CORP                     | EMBECTA CORP - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      9680 | NS      | $-1715.10     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| EMCOR GROUP INC                  | EMCOR GROUP INC - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       208 | NS      | $27072.76     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| EVERSOURCE ENERGY                | EVERSOURCE ENERGY - TRS                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      5036 | NS      | $-10355.38    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| ELEMENT SOLUTIONS IN             | ELEMENT SOLUTIONS IN - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3801 | NS      | $2827.27      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| EVERGY INC                       | EVERGY INC - TRS                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2677 | NS      | $12976.62     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| EAGLE MATERIALS INC              | EAGLE MATERIALS INC - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1228 | NS      | $19486.53     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| EXPEDITORS INTL WASH             | EXPEDITORS INTL WASH - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1256 | NS      | $-2376.93     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| EXPONENT INC                     | EXPONENT INC - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -5223 | NS      | $1856.13      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| FIRST ADVANTAGE CORP             | FIRST ADVANTAGE CORP - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -13531 | NS      | $49618.77     | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| FORTUNE BRANDS INNOV             | FORTUNE BRANDS INNOV - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2195 | NS      | $-32522.31    | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| FTI CONSULTING INC               | FTI CONSULTING INC - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -2246 | NS      | $-19828.78    | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| FREEPORT-MCMORAN INC             | FREEPORT-MCMORAN INC - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     11368 | NS      | $135868.73    | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| FIRSTENERGY CORP                 | FIRSTENERGY CORP - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3955 | NS      | $-7380.66     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| F5 INC                           | F5 INC - TRS                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       242 | NS      | $-1477.08     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| FLUOR CORP                       | FLUOR CORP - TRS                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3431 | NS      | $3117.51      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| FORESTAR GROUP INC               | FORESTAR GROUP INC - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -6887 | NS      | $15591.87     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| FORTINET INC                     | FORTINET INC - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1878 | NS      | $-48977.53    | -0.14%            |  |  |  | No            | 2                  | On Loan: No      |
| H.B. FULLER CO.                  | H.B. FULLER CO. - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1380 | NS      | $-12839.69    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| SIX FLAGS ENTERTAINM             | SIX FLAGS ENTERTAINM - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -7429 | NS      | $-2924.26     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| Allegion PLC                     | Allegion plc                             | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |       833 | NS      | $132630.26    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Medtronic PLC                    | Medtronic plc                            | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      1328 | NS      | $127567.68    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Liberty Global Ltd.              | Liberty Global Ltd.                      | CUSIP: G61188101<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | GB        |      7798 | NS      | $86869.72     | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Pentair PLC                      | Pentair plc                              | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | GB        |        52 | NS      | $5415.28      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Trane Technologies PLC           | Trane Technologies plc                   | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |       333 | NS      | $129603.60    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| STEALTHGAS INC                   | STEALTHGAS INC - TRS                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     12773 | NS      | $2317.89      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| GATX CORP                        | GATX CORP - TRS                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1062 | NS      | $7130.04      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| GENERAL DYNAMICS COR             | GENERAL DYNAMICS COR - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       639 | NS      | $780.71       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| GODADDY INC - CLASS              | GODADDY INC - CLASS - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       590 | NS      | $-40262.08    | -0.11%            |  |  |  | No            | 2                  | On Loan: No      |
| GE HEALTHCARE TECHNO             | GE HEALTHCARE TECHNO - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1876 | NS      | $3847.06      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| GEN DIGITAL INC                  | GEN DIGITAL INC - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1020 | NS      | $-1334.81     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| GENIE ENERGY LTD-B               | GENIE ENERGY LTD-B - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     13687 | NS      | $-20562.16    | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| GLOBAL NET LEASE INC             | GLOBAL NET LEASE INC - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -15193 | NS      | $-12431.80    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| GENERAC HOLDINGS INC             | GENERAC HOLDINGS INC - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       568 | NS      | $-3114.08     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| GOGO INC                         | GOGO INC - TRS                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      9828 | NS      | $-41870.20    | -0.12%            |  |  |  | No            | 2                  | On Loan: No      |
| GRAPHIC PACKAGING HO             | GRAPHIC PACKAGING HO - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -10479 | NS      | $86718.87     | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| GULFPORT ENERGY CORP             | GULFPORT ENERGY CORP - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -2137 | NS      | $-64533.25    | -0.18%            |  |  |  | No            | 2                  | On Loan: No      |
| GUARDIAN PHRMCY SERV             | GUARDIAN PHRMCY SERV - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -5329 | NS      | $-23607.38    | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| GRINDR INC                       | GRINDR INC - TRS                         | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -8898 | NS      | $-5410.65     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| GLOBALSTAR INC                   | GLOBALSTAR INC - TRS                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3255 | NS      | $107617.86    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| GXO LOGISTICS INC                | GXO LOGISTICS INC - TRS                  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3709 | NS      | $-74289.41    | -0.21%            |  |  |  | No            | 2                  | On Loan: No      |
| HECLA MINING CO                  | HECLA MINING CO - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      9164 | NS      | $103135.07    | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| HELMERICH & PAYNE                | HELMERICH & PAYNE - TRS                  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3940 | NS      | $-26022.35    | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| HEWLETT PACKARD ENTE             | HEWLETT PACKARD ENTE - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     10149 | NS      | $2721.46      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| HP INC                           | HP INC - TRS                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     10299 | NS      | $-47514.83    | -0.13%            |  |  |  | No            | 2                  | On Loan: No      |
| HEALTHCARE REALTY TR             | HEALTHCARE REALTY TR - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -19393 | NS      | $-42442.92    | -0.12%            |  |  |  | No            | 2                  | On Loan: No      |
| HUB GROUP INC-CL A               | HUB GROUP INC-CL A - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -9922 | NS      | $-82785.20    | -0.24%            |  |  |  | No            | 2                  | On Loan: No      |
| HUMANA INC                       | HUMANA INC - TRS                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       826 | NS      | $12542.18     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| HAWKINS INC                      | HAWKINS INC - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1866 | NS      | $-18559.18    | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| INTERACTIVE BROKERS              | INTERACTIVE BROKERS - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3680 | NS      | $53083.92     | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| IDT CORP-CLASS B                 | IDT CORP-CLASS B - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      6752 | NS      | $-23406.66    | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| INTL FLAVORS & FRAGR             | INTL FLAVORS & FRAGR - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3656 | NS      | $61996.64     | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| IHS HOLDING LTD                  | IHS HOLDING LTD - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     53113 | NS      | $68128.59     | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| IMAX CORP                        | IMAX CORP - TRS                          | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -7855 | NS      | $-308.32      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| INNODATA INC                     | INNODATA INC - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1324 | NS      | $5744.28      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| INTERNATIONAL PAPER              | INTERNATIONAL PAPER - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3842 | NS      | $26836.68     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| IRIDIUM COMMUNICATIO             | IRIDIUM COMMUNICATIO - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     11982 | NS      | $-165674.80   | -0.47%            |  |  |  | No            | 2                  | On Loan: No      |
| GARTNER INC                      | GARTNER INC - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       551 | NS      | $-50863.38    | -0.14%            |  |  |  | No            | 2                  | On Loan: No      |
| ILLINOIS TOOL WORKS              | ILLINOIS TOOL WORKS - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       558 | NS      | $-15042.83    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| JACOBS SOLUTIONS INC             | JACOBS SOLUTIONS INC - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1462 | NS      | $4162.74      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| JBG SMITH PROPERTIES             | JBG SMITH PROPERTIES - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -13181 | NS      | $-14650.66    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| JUMIA TECHNOLOGIES A             | JUMIA TECHNOLOGIES A - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -5552 | NS      | $-1070.61     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| KAISER ALUMINUM CORP             | KAISER ALUMINUM CORP - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1543 | NS      | $42276.65     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| KYNDRYL HOLDINGS INC             | KYNDRYL HOLDINGS INC - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      6304 | NS      | $-15911.27    | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| KODIAK GAS SERVICES              | KODIAK GAS SERVICES - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -9850 | NS      | $-14251.70    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| KLA CORP                         | KLA CORP - TRS                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       103 | NS      | $27527.09     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| KNIFE RIVER CORP                 | KNIFE RIVER CORP - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -4746 | NS      | $57152.32     | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| KNIGHT-SWIFT TRANSPO             | KNIGHT-SWIFT TRANSPO - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3933 | NS      | $-17286.54    | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| KROGER CO                        | KROGER CO - TRS                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      4153 | NS      | $-14955.11    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| QUAKER CHEMICAL CORP             | QUAKER CHEMICAL CORP - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1318 | NS      | $2163.49      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| LIBERTY ENERGY INC               | LIBERTY ENERGY INC - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -9366 | NS      | $-65318.24    | -0.19%            |  |  |  | No            | 2                  | On Loan: No      |
| LIBERTY GLOBAL LTD-A             | LIBERTY GLOBAL LTD-A - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     39858 | NS      | $-35482.40    | -0.10%            |  |  |  | No            | 2                  | On Loan: No      |
| LGI HOMES INC                    | LGI HOMES INC - TRS                      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1480 | NS      | $14259.46     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| LIBERTY LATIN AMERIC             | LIBERTY LATIN AMERIC - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     28990 | NS      | $-13165.06    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| LIONSGATE STUDIOS CO             | LIONSGATE STUDIOS CO - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -26519 | NS      | $-46727.59    | -0.13%            |  |  |  | No            | 2                  | On Loan: No      |
| LIBERTY MEDIA CORP-L             | LIBERTY MEDIA CORP-L - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -4438 | NS      | $-44608.62    | -0.13%            |  |  |  | No            | 2                  | On Loan: No      |
| LINCOLN NATIONAL COR             | LINCOLN NATIONAL COR - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3706 | NS      | $12954.99     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| DORIAN LPG LTD                   | DORIAN LPG LTD - TRS                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      5507 | NS      | $12086.99     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| LOUISIANA-PACIFIC CO             | LOUISIANA-PACIFIC CO - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -2931 | NS      | $6541.20      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| LANDSTAR SYSTEM INC              | LANDSTAR SYSTEM INC - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -2916 | NS      | $-61770.61    | -0.18%            |  |  |  | No            | 2                  | On Loan: No      |
| LULULEMON ATHLETICA              | LULULEMON ATHLETICA - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       604 | NS      | $3252.52      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| LYONDELLBASELL INDU-             | LYONDELLBASELL INDU- - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1835 | NS      | $24473.33     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Wix.com Limited                  | Wix.com Ltd. NON PFIC PER PROSPECTUS     | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |       345 | NS      | $35842.05     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| MACERICH CO/THE                  | MACERICH CO/THE - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -16858 | NS      | $13475.37     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| MANCHESTER UNITED PL             | MANCHESTER UNITED PL - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -10536 | NS      | $-945.94      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| MASCO CORP                       | MASCO CORP - TRS                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3537 | NS      | $-54431.64    | -0.15%            |  |  |  | No            | 2                  | On Loan: No      |
| MCGRATH RENTCORP                 | MCGRATH RENTCORP - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2531 | NS      | $-5672.53     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| MAGNOLIA OIL & GAS C             | MAGNOLIA OIL & GAS C - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -14545 | NS      | $45090.46     | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| MUELLER INDUSTRIES I             | MUELLER INDUSTRIES I - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2584 | NS      | $77680.72     | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| MARTIN MARIETTA MATE             | MARTIN MARIETTA MATE - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |      -261 | NS      | $-41781.29    | -0.12%            |  |  |  | No            | 2                  | On Loan: No      |
| 3M CO                            | 3M CO - TRS                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |        28 | NS      | $217.08       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| ALTRIA GROUP INC                 | ALTRIA GROUP INC - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |        51 | NS      | $253.23       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| MOLINA HEALTHCARE IN             | MOLINA HEALTHCARE IN - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       730 | NS      | $-49257.91    | -0.14%            |  |  |  | No            | 2                  | On Loan: No      |
| MARATHON PETROLEUM C             | MARATHON PETROLEUM C - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1857 | NS      | $-63253.33    | -0.18%            |  |  |  | No            | 2                  | On Loan: No      |
| MERCK & CO. INC.                 | MERCK & CO. INC. - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       353 | NS      | $4752.38      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| MARTEN TRANSPORT LTD             | MARTEN TRANSPORT LTD - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -18027 | NS      | $-22213.85    | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| MESABI TRUST                     | MESABI TRUST - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      9538 | NS      | $109330.83    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| MADISON SQUARE GARDE             | MADISON SQUARE GARDE - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -7802 | NS      | $-65945.50    | -0.19%            |  |  |  | No            | 2                  | On Loan: No      |
| MADISON SQUARE GARDE             | MADISON SQUARE GARDE - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1681 | NS      | $-58638.42    | -0.17%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                              | Wells Fargo Margin Deposit               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   2076310 | PA      | $2076310.39   | 5.89%             |  |  |  | No            | N/A                | On Loan: No      |
| MATERION CORP                    | MATERION CORP - TRS                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2308 | NS      | $92223.89     | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| MINERALS TECHNOLOGIE             | MINERALS TECHNOLOGIE - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -5557 | NS      | $-21215.16    | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| MICRON TECHNOLOGY IN             | MICRON TECHNOLOGY IN - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1053 | NS      | $161451.22    | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| AerCap Holdings N.V.             | AerCap Holdings N.V.                     | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | IE        |      1459 | NS      | $209745.84    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| NEWMONT CORP                     | NEWMONT CORP - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      6545 | NS      | $291809.17    | 0.83%             |  |  |  | No            | 2                  | On Loan: No      |
| NEWMARKET CORP                   | NEWMARKET CORP - TRS                     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |      -161 | NS      | $11662.63     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| NATIONAL FUEL GAS CO             | NATIONAL FUEL GAS CO - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1139 | NS      | $15569.60     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| INGEVITY CORP                    | INGEVITY CORP - TRS                      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -4043 | NS      | $-73664.19    | -0.21%            |  |  |  | No            | 2                  | On Loan: No      |
| NISOURCE INC                     | NISOURCE INC - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      6138 | NS      | $2443.50      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| ANNALY CAPITAL MANAG             | ANNALY CAPITAL MANAG - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2422 | NS      | $11037.37     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| NEWMARK GROUP INC-CL             | NEWMARK GROUP INC-CL - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -15552 | NS      | $-52197.71    | -0.15%            |  |  |  | No            | 2                  | On Loan: No      |
| NERDWALLET INC-CL A              | NERDWALLET INC-CL A - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     12514 | NS      | $28945.92     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| NUCOR CORP                       | NUCOR CORP - TRS                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2259 | NS      | $42695.16     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| NVIDIA CORP                      | NVIDIA CORP - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       689 | NS      | $28393.22     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| NAVIGATOR HOLDINGS L             | NAVIGATOR HOLDINGS L - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      9753 | NS      | $40477.71     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| NEXTPOWER INC-CL A               | NEXTPOWER INC-CL A - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       930 | NS      | $42181.16     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| OWENS CORNING                    | OWENS CORNING - TRS                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1726 | NS      | $-21054.82    | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| OLD DOMINION FREIGHT             | OLD DOMINION FREIGHT - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1652 | NS      | $-29427.21    | -0.08%            |  |  |  | No            | 2                  | On Loan: No      |
| OGE ENERGY CORP                  | OGE ENERGY CORP - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2111 | NS      | $-6623.27     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| O-I GLASS INC                    | O-I GLASS INC - TRS                      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -5216 | NS      | $-8567.27     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| OCEANEERING INTL INC             | OCEANEERING INTL INC - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -14551 | NS      | $20239.20     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| ONEOK INC                        | ONEOK INC - TRS                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      7931 | NS      | $11029.86     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| OLIN CORP                        | OLIN CORP - TRS                          | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -9182 | NS      | $9246.88      | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| ON SEMICONDUCTOR                 | ON SEMICONDUCTOR - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1544 | NS      | $5421.15      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| OSHKOSH CORP                     | OSHKOSH CORP - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2319 | NS      | $-4935.61     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| OTTER TAIL CORP                  | OTTER TAIL CORP - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2568 | NS      | $5633.58      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| OCCIDENTAL PETROLEUM             | OCCIDENTAL PETROLEUM - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     12886 | NS      | $-32732.10    | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| PAR PACIFIC HOLDINGS             | PAR PACIFIC HOLDINGS - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2879 | NS      | $-34927.10    | -0.10%            |  |  |  | No            | 2                  | On Loan: No      |
| P G & E CORP                     | P G & E CORP - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     13259 | NS      | $-39806.75    | -0.11%            |  |  |  | No            | 2                  | On Loan: No      |
| PURECYCLE TECHNOLOGI             | PURECYCLE TECHNOLOGI - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -10662 | NS      | $49619.75     | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| PDD HOLDINGS INC                 | PDD HOLDINGS INC - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1043 | NS      | $1349.23      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| PEBBLEBROOK HOTEL TR             | PEBBLEBROOK HOTEL TR - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -8844 | NS      | $-8657.27     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| PENNYMAC MORTGAGE IN             | PENNYMAC MORTGAGE IN - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -10595 | NS      | $-582.91      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| PENTAIR PLC                      | PENTAIR PLC - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       724 | NS      | $5347.39      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| PORTLAND GENERAL ELE             | PORTLAND GENERAL ELE - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      7060 | NS      | $18844.65     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| PILGRIM'S PRIDE CORP             | PILGRIM'S PRIDE CORP - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3058 | NS      | $-35143.44    | -0.10%            |  |  |  | No            | 2                  | On Loan: No      |
| PROG HOLDINGS INC                | PROG HOLDINGS INC - TRS                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      4572 | NS      | $-38793.15    | -0.11%            |  |  |  | No            | 2                  | On Loan: No      |
| PERIMETER SOLUTIONS              | PERIMETER SOLUTIONS - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3901 | NS      | $71.71        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| PURSUIT ATTRACTIONS              | PURSUIT ATTRACTIONS - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -5119 | NS      | $11021.37     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| PRIVIA HEALTH GROUP              | PRIVIA HEALTH GROUP - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -11851 | NS      | $-2498.82     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| PHILLIPS 66                      | PHILLIPS 66 - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2200 | NS      | $-21227.29    | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| PTC INC                          | PTC INC - TRS                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |        88 | NS      | $-1362.22     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| QUALCOMM INC                     | QUALCOMM INC - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       883 | NS      | $13690.09     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| RB GLOBAL INC                    | RB GLOBAL INC - TRS                      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1672 | NS      | $-6984.42     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| REGENERON PHARMACEUT             | REGENERON PHARMACEUT - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       241 | NS      | $4304.74      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| REGIONS FINANCIAL CO             | REGIONS FINANCIAL CO - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      8434 | NS      | $23621.43     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| REINSURANCE GROUP OF             | REINSURANCE GROUP OF - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       718 | NS      | $7475.34      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| RANGE RESOURCES CORP             | RANGE RESOURCES CORP - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -8961 | NS      | $-4431.95     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| REGAL REXNORD CORP               | REGAL REXNORD CORP - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1143 | NS      | $2139.26      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| RELIANCE INC                     | RELIANCE INC - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |        62 | NS      | $-619.80      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| RUSH ENTERPRISES INC             | RUSH ENTERPRISES INC - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3751 | NS      | $4092.83      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| RXO INC                          | RXO INC - TRS                            | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -14992 | NS      | $28074.17     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| SABINE ROYALTY TRUST             | SABINE ROYALTY TRUST - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3512 | NS      | $16055.85     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| SOUTHERN COPPER CORP             | SOUTHERN COPPER CORP - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |        82 | NS      | $3008.07      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| SEADRILL LIMITED                 | SEADRILL LIMITED - TRS                   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -9564 | NS      | $-26593.09    | -0.08%            |  |  |  | No            | 2                  | On Loan: No      |
| SOLARIS ENERGY INFRA             | SOLARIS ENERGY INFRA - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -5895 | NS      | $-79214.87    | -0.22%            |  |  |  | No            | 2                  | On Loan: No      |
| SL GREEN REALTY CORP             | SL GREEN REALTY CORP - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -4434 | NS      | $91994.91     | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| SILGAN HOLDINGS INC              | SILGAN HOLDINGS INC - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -7494 | NS      | $33539.68     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| SCOTTS MIRACLE-GRO C             | SCOTTS MIRACLE-GRO C - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1407 | NS      | $8906.78      | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| SNAP-ON INC                      | SNAP-ON INC - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       359 | NS      | $-2926.39     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| SCHNEIDER NATIONAL I             | SCHNEIDER NATIONAL I - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -6225 | NS      | $-3490.63     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| TD SYNNEX CORP                   | TD SYNNEX CORP - TRS                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       694 | NS      | $-3013.62     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| SPHERE ENTERTAINMENT             | SPHERE ENTERTAINMENT - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -2985 | NS      | $-35574.61    | -0.10%            |  |  |  | No            | 2                  | On Loan: No      |
| SPOK HOLDINGS INC                | SPOK HOLDINGS INC - TRS                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     16733 | NS      | $-71163.81    | -0.20%            |  |  |  | No            | 2                  | On Loan: No      |
| STEEL DYNAMICS INC               | STEEL DYNAMICS INC - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1960 | NS      | $45579.07     | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| SCORPIO TANKERS INC              | SCORPIO TANKERS INC - TRS                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3735 | NS      | $40514.50     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| SUN COMMUNITIES INC              | SUN COMMUNITIES INC - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1758 | NS      | $8098.58      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| STANLEY BLACK & DECK             | STANLEY BLACK & DECK - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3766 | NS      | $12078.93     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| SUNCOKE ENERGY INC               | SUNCOKE ENERGY INC - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     30716 | NS      | $-29183.20    | -0.08%            |  |  |  | No            | 2                  | On Loan: No      |
| SENSIENT TECHNOLOGIE             | SENSIENT TECHNOLOGIE - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3605 | NS      | $426.44       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| AT&T INC                         | AT&T INC - TRS                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      8280 | NS      | $2880.24      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| BBB FOODS INC-CLASS              | BBB FOODS INC-CLASS - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -5916 | NS      | $-38786.83    | -0.11%            |  |  |  | No            | 2                  | On Loan: No      |
| TRUBRIDGE INC                    | TRUBRIDGE INC - TRS                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      4824 | NS      | $-22143.15    | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| TELEPHONE AND DATA S             | TELEPHONE AND DATA S - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     12284 | NS      | $31524.15     | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| THREDUP INC - CLASS              | THREDUP INC - CLASS - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -11704 | NS      | $20371.85     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| TIDEWATER INC                    | TIDEWATER INC - TRS                      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -4265 | NS      | $35651.70     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| TRUIST FINANCIAL COR             | TRUIST FINANCIAL COR - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2556 | NS      | $9757.08      | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| TARGET CORP                      | TARGET CORP - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2359 | NS      | $-867.89      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| ACUREN CORPORATION               | ACUREN CORPORATION - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -36037 | NS      | $102555.73    | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| MILLICOM INTL CELLUL             | MILLICOM INTL CELLUL - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     11127 | NS      | $98903.30     | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| T-MOBILE US INC                  | T-MOBILE US INC - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1006 | NS      | $-62564.69    | -0.18%            |  |  |  | No            | 2                  | On Loan: No      |
| TEEKAY TANKERS LTD-C             | TEEKAY TANKERS LTD-C - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2288 | NS      | $17854.11     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| TOOTSIE ROLL INDS                | TOOTSIE ROLL INDS - TRS                  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -7360 | NS      | $30785.54     | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| LENDINGTREE INC                  | LENDINGTREE INC - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       980 | NS      | $9962.25      | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| TARGA RESOURCES CORP             | TARGA RESOURCES CORP - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1149 | NS      | $17344.73     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| TYSON FOODS INC-CL A             | TYSON FOODS INC-CL A - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      6333 | NS      | $21365.29     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| TORO CO                          | TORO CO - TRS                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      4526 | NS      | $-15238.13    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| TETRA TECHNOLOGIES I             | TETRA TECHNOLOGIES I - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -9056 | NS      | $-15075.04    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| TAKE-TWO INTERACTIVE             | TAKE-TWO INTERACTIVE - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |      -765 | NS      | $-42472.12    | -0.12%            |  |  |  | No            | 2                  | On Loan: No      |
| TERNIUM SA-SPONSORED             | TERNIUM SA-SPONSORED - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      9465 | NS      | $27935.66     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| TEXTRON INC                      | TEXTRON INC - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      2272 | NS      | $10577.69     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| UDR INC                          | UDR INC - TRS                            | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -4076 | NS      | $9391.22      | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| URANIUM ENERGY CORP              | URANIUM ENERGY CORP - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -15876 | NS      | $-121116.34   | -0.34%            |  |  |  | No            | 2                  | On Loan: No      |
| UGI CORP                         | UGI CORP - TRS                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      7778 | NS      | $4881.36      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| UNITEDHEALTH GROUP I             | UNITEDHEALTH GROUP I - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       372 | NS      | $4644.69      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| UNITI GROUP INC                  | UNITI GROUP INC - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     23304 | NS      | $20331.43     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| UNITED RENTALS INC               | UNITED RENTALS INC - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       257 | NS      | $327.16       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| UNITED STATES LIME &             | UNITED STATES LIME & - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -2109 | NS      | $-8407.43     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| USANA HEALTH SCIENCE             | USANA HEALTH SCIENCE - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      5895 | NS      | $-52289.67    | -0.15%            |  |  |  | No            | 2                  | On Loan: No      |
| VALARIS LTD                      | VALARIS LTD - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1422 | NS      | $829.69       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| VEON LTD                         | VEON LTD - TRS                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      8192 | NS      | $35567.24     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| VISTA ENERGY SAB DE              | VISTA ENERGY SAB DE - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1921 | NS      | $1323.19      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| VALERO ENERGY CORP               | VALERO ENERGY CORP - TRS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      1893 | NS      | $-19030.45    | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| VULCAN MATERIALS CO              | VULCAN MATERIALS CO - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |      -344 | NS      | $2985.67      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| VORNADO REALTY TRUST             | VORNADO REALTY TRUST - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      9875 | NS      | $-74223.79    | -0.21%            |  |  |  | No            | 2                  | On Loan: No      |
| VIPER ENERGY INC-CL              | VIPER ENERGY INC-CL - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -9498 | NS      | $11029.43     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| VERIS RESIDENTIAL IN             | VERIS RESIDENTIAL IN - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -22394 | NS      | $28139.90     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| VERRA MOBILITY CORP              | VERRA MOBILITY CORP - TRS                | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -12513 | NS      | $-4453.59     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| V2X INC                          | V2X INC - TRS                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      5023 | NS      | $41997.72     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| VERIZON COMMUNICATIO             | VERIZON COMMUNICATIO - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      7622 | NS      | $-31365.13    | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| WEC ENERGY GROUP INC             | WEC ENERGY GROUP INC - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       233 | NS      | $-1145.18     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| WELLTOWER INC                    | WELLTOWER INC - TRS                      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |      -478 | NS      | $-21371.58    | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| WERNER ENTERPRISES I             | WERNER ENTERPRISES I - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -13221 | NS      | $-19874.05    | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| CACTUS INC - A                   | CACTUS INC - A - TRS                     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -8636 | NS      | $-38256.18    | -0.11%            |  |  |  | No            | 2                  | On Loan: No      |
| WINMARK CORP                     | WINMARK CORP - TRS                       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |      -428 | NS      | $5255.62      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| WIX.COM LTD                      | WIX.COM LTD - TRS                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       669 | NS      | $-61090.45    | -0.17%            |  |  |  | No            | 2                  | On Loan: No      |
| WORLD KINECT CORP                | WORLD KINECT CORP - TRS                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      5236 | NS      | $-13878.28    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| WILLDAN GROUP INC                | WILLDAN GROUP INC - TRS                  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -1040 | NS      | $-8985.33     | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| WESTLAKE CORP                    | WESTLAKE CORP - TRS                      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3727 | NS      | $78470.84     | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| WARNER MUSIC GROUP C             | WARNER MUSIC GROUP C - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -3591 | NS      | $-8524.14     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| WORTHINGTON STEEL IN             | WORTHINGTON STEEL IN - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      3983 | NS      | $6203.65      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| WEYERHAEUSER CO                  | WEYERHAEUSER CO - TRS                    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |     -5771 | NS      | $12322.40     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| XENIA HOTELS & RESOR             | XENIA HOTELS & RESOR - TRS               | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |    -10151 | NS      | $-47541.45    | -0.13%            |  |  |  | No            | 2                  | On Loan: No      |
| XPO INC                          | XPO INC - TRS                            | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |      -941 | NS      | $-2925.51     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| CLEAR SECURE INC -CL             | CLEAR SECURE INC -CL - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      4019 | NS      | $42395.89     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| ZEBRA TECHNOLOGIES C             | ZEBRA TECHNOLOGIES C - TRS               | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       279 | NS      | $-8501.16     | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** New Age Alpha Funds Trust

**Signature:** Keith D. Kemp

**Name of Signer:** Keith D. Kemp

**Title:** President