# EDGAR Filing Document

**Accession Number:** 0001045701
**File Stem:** 0001162044-23-000038
**Filing Date:** 2023-1
**Character Count:** 57447
**Document Hash:** 81642fab90efdf3f12a48339a6ec0e62
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-23-000038.hdr.sgml**: 20230110

**ACCESSION NUMBER**: 0001162044-23-000038

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230110

**DATE AS OF CHANGE**: 20230110

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Monteagle Funds
- **CENTRAL INDEX KEY:** 0001045701
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08529
- **FILM NUMBER:** 23521032

**BUSINESS ADDRESS:**
- **STREET 1:** 2506 WINFORD AVENUE
- **CITY:** NASHVILLE
- **STATE:** TN
- **ZIP:** 37211
- **BUSINESS PHONE:** 888-263-5593

**MAIL ADDRESS:**
- **STREET 1:** 2506 WINFORD AVENUE
- **CITY:** NASHVILLE
- **STATE:** TN
- **ZIP:** 37211

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Memorial Funds
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Monteagle Funds
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MEMORIAL FUNDS
- **DATE OF NAME CHANGE:** 19971208

## Series and Classes Contracts Data

### Monteagle Opportunity Equity Fund (Series ID: S000065162)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000210931 | Investor Class      | HEQFX           |
| C000210932 | Institutional Class | HEQCX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2022 (unaudited)** | **November 30, 2022 (unaudited)** | **November 30, 2022 (unaudited)** |
| **<u>Monteagle Opportunity Equity Fund</u>** | **<u>Monteagle Opportunity Equity Fund</u>** | **<u>Monteagle Opportunity Equity Fund</u>** |
|  | **Shares or Principal** |  |
| **Security Description** | **Amount ($)** | **Fair Value ($)(1)** |
| **Common Stocks - 90.80%** | **Common Stocks - 90.80%** | **Common Stocks - 90.80%** |
| **Banks - 7.03%** |  |  |
| Bank OZK | 6400  | 295360  |
| Cathay General Bancorp | 5100  | 236997  |
| East West Bancorp, Inc. | 3600  | 252756  |
| First Interstate Bancsystem, Inc. Class A | 5500  | 239910  |
| Heartland Financial USA, Inc. | 4500  | 219555  |
| NMI Holdings, Inc. Class A (2) | 18000  | 387540  |
| South State Corp. | 2200  | 193270  |
| Washington Federal, Inc. | 7900  | 278633  |
|  |  | 2104021  |
| **Captial Goods - 12.42%** |  |  |
| A.O. Smith Corp. | 2400  | 218664  |
| AGCO Corp. | 2100  | 225624  |
| Applied Industrial Technologies, Inc. | 3000  | 278229  |
| AZZ, Inc. | 3600  | 203987  |
| Crane Holdings, Inc. | 900  | 243662  |
| Cummins, Inc. | 4900  | 251160  |
| Curtiss-Wright Corp. | 1800  | 264975  |
| EMCOR Group, Inc. | 900  | 371760  |
| Franklin Electric Co., Inc. | 4100  | 249900  |
| Huntington Ingalls Industries, Inc, | 2400  | 208764  |
| John Bean Technologies Corp. | 1000  | 165348  |
| L3Harris Technologies, Inc. | 1700  | 204372  |
| Masco Corp. | 1000  | 208198  |
| Myr Group, Inc. (2) | 2300  | 229272  |
| Nordson Corp. | 2000  | 236490  |
| Stanley Black & Decker, Inc. | 1500  | 163440  |
|  |  | 3723845  |
| **Chemicals - 1.74%** |  |  |
| Celanese Corp. | 1800  | 193140  |
| Eastman Chemical Co. | 3800  | 329156  |
|  |  | 522296  |
| **Commercial & Professional Services - 0.74%** |  |  |
| Republic Services, Inc. | 1600  | 222864  |
| **Consumer Durables & Apparel - 2.08%** |  |  |
| Helen of Troy Ltd. (Bermuda) (2) | 1500  | 147810  |
| PulteGroup, Inc. | 5700  | 255246  |
| Whirlpool Corp.  | 1500  | 219795  |
|  |  | 622851  |
| **Consumer Services - 3.96%** |  |  |
| Cracker Barrel Old Country Store, Inc. | 2800  | 321440  |
| Dine Brands Global, Inc. | 3800  | 283442  |
| Service Corp. International | 3700  | 264365  |
| Yum China Holdings, Inc. (China) | 5800  | 319696  |
|  |  | 1188943  |
| **Containers & Packaging - 1.49%** |  |  |
| Amcor PLC (Switzerland) | 18800  | 232180  |
| Sonoco Products Co. | 3500  | 214795  |
|  |  | 446975  |
| **Diversified Financials - 2.26%** |  |  |
| Cboe Global Markets, Inc. | 1800  | 228312  |
| Lazard Ltd. Class A (Bermuda) | 6000  | 219660  |
| SEI Investments Co. (2) | 3700  | 230436  |
|  |  | 678408  |
| **Electric Utilities - 2.22%** |  |  |
| Hawaiian Electric Industries, Inc. | 5200  | 213616  |
| OGE Energy Corp. | 3000  | 121380  |
| Otter Tail Corp, | 3200  | 190816  |
| PPL Corp. | 4700  | 138744  |
|  |  | 664556  |
| **Energy Equipment & Services - 1.20%** |  |  |
| Halliburton Co. | 9500  | 359955  |
| **Food & Staples Retailing - 0.75%** |  |  |
| The Kroger Co. | 4600  | 226274  |
| **Food, Beverage & Tobacco - 3.04%** |  |  |
| Archer-Daniels Midland Co. | 2400  | 234000  |
| Darling Ingredients, Inc. (2) | 3200  | 229856  |
| Ingredion, Inc. | 2200  | 215534  |
| Tyson Foods, Inc. Class A | 3500  | 231980  |
|  |  | 911370  |
| **Gas Utilities - 0.46%** |  |  |
| UGI Corp.  | 3600  | 139140  |
| **Healthcare Equipment & Services - 6.44%** |  |  |
| Baxter International, Inc. | 3300  | 186549  |
| Cardinal Health, Inc. | 4100  | 328697  |
| DaVita, Inc. (2) | 2900  | 213817  |
| InMode Ltd. (Isreal) (2) | 9200  | 353188  |
| Molina Healthcare, Inc. (2) | 900  | 303093  |
| The Ensign Group, Inc. | 3000  | 285000  |
| Universal Health Services, Inc. Class B | 2000  | 261700  |
|  |  | 1932044  |
| **Insurance - 5.00%** |  |  |
| Aflac, Inc. | 3600  | 258948  |
| American Equity Investment Life Holding Co. | 5400  | 218754  |
| Everest Re Group Ltd. (Bermuda) | 700  | 236558  |
| The Hanover Insurance Group, Inc. | 1400  | 206220  |
| The Hartford Financial Services Group, Inc. | 4600  | 351302  |
| The Travelers Cos., Inc. | 1200  | 227772  |
|  |  | 1499554  |
| **Media & Entertainment - 1.93%** |  |  |
| Paramount Global Class B | 5400  | 108432  |
| Sciplay Corp. Class A (2) | 17000  | 272340  |
| Warner Music Group Corp. Class A | 5800  | 198766  |
|  |  | 579538  |
| **Metals & Mining - 2.28%** |  |  |
| Agnico Eagle Mines Ltd. (Canada) | 4078  | 205409  |
| Barrick Gold Corp. | 11300  | 184416  |
| Ternium SA ADR | 9300  | 292857  |
|  |  | 682682  |
| **Multi Utilities - 1.87%** |  |  |
| Avista Corp. | 3000  | 123840  |
| DTE Energy Co. | 1000  | 116010  |
| MDU Resources Group, Inc. | 10200  | 321198  |
|  |  | 561048  |
| **Oil, Gas & Consumable Fuels - 4.73%** |  |  |
| California Resources Corp. | 11600  | 526408  |
| Devon Energy Corp. | 5100  | 349452  |
| ONEOK, Inc. | 8100  | 542052  |
|  |  | 1417912  |
| **Pharmaceuticals, Biotechnology & Life Science - 4.03%** |  |  |
| Biogen, Inc. (2) | 1000  | 305170  |
| Incyte Corp. (2) | 2800  | 223076  |
| Jazz Pharmaceuticals PLC (Ireland) (2) | 1400  | 219674  |
| PerkinElmer, Inc. | 1500  | 209595  |
| United Therapeutics Corp. (2) | 900  | 251901  |
|  |  | 1209416  |
| **Retailing - 6.60%** |  |  |
| Best Buy Co., Inc. | 3600  | 307080  |
| Dollar Tree, Inc. (2) | 1800  | 270522  |
| Ebay, Inc. | 5600  | 254464  |
| Genuine Parts Co. | 2800  | 513324  |
| MINISO Group Holding Limited ADR | 29000  | 342490  |
| Penske Automotive Group, Inc. | 2300  | 290835  |
|  |  | 1978715  |
| **Semiconductors & Semiconductor Equipment - 3.16%** |  |  |
| Kulicke & Soffa Industries, Inc. | 8500  | 407575  |
| NXP Semiconductors NV (Netherlands) | 1600  | 281344  |
| Qorvo, Inc. (2) | 2600  | 258050  |
|  |  | 946969  |
| **Software & Services - 7.33%** |  |  |
| A10 Networks, Inc. | 26400  | 493944  |
| Amdocs Ltd. | 3000  | 266580  |
| Check Point Software Technology Ltd. (Israel) (2) | 2050  | 272301  |
| Fair Isaac Corp. (2) | 700  | 433804  |
| Genpact Ltd. (Bermuda) | 5900  | 272049  |
| Leidos Holdings, Inc. | 2000  | 218660  |
| PagSeguro Digital Ltd. Class A (Brazil) (2) | 22900  | 241137  |
|  |  | 2198475  |
| **Technology Hardware & Equipment - 5.23%** |  |  |
| Arrow Electronics, Inc. (2) | 3100  | 337094  |
| Cognex Corp. | 5600  | 278768  |
| Flex Ltd. (Singapore) (2) | 16600  | 364868  |
| TE Connectivity Ltd. (Switzerland) | 2100  | 264852  |
| Zebra Technologies Corp. Class A (2) | 1200  | 324336  |
|  |  | 1569918  |
| **Telecommunication Services - 0.49%** |  |  |
| BCE, Inc. | 3100  | 147684  |
| **Transportation - 1.87%** |  |  |
| ArcBest Corp. | 2900  | 240033  |
| Landstar System, Inc. | 1850  | 320013  |
|  |  | 560046  |
| **Water Utilities - 0.46%** |  |  |
| American Water Works Co., Inc. | 900  | 136584  |
| Total Common Stock | (Cost $23,299,255) | 27232083  |
| **Real Estate Investment Trusts - 7.84%** |  |  |
| Eastgroup Properties, Inc. | 3700  | 574388  |
| LTC Properties, Inc. | 10400  | 408616  |
| Mid-America Apartment Communities, Inc. | 3500  | 577080  |
| National Health Investors, Inc. | 6500  | 365690  |
| National Retail Properties, Inc. | 9200  | 426512  |
| Total Real Estate Investment Trusts | (Cost $2,026,994) | 2352286  |
| **Money Market Registered Investment Companies - 1.29%** | **Money Market Registered Investment Companies - 1.29%** | **Money Market Registered Investment Companies - 1.29%** |
| Federated Hermes Government Obligations Fund - Institutional Class, 3.61% (3) | 386073  | 386073  |
| Total Money Market Registered Investment Companies | (Cost $386,073) | 386073  |
| **Total Investments - 99.93%** |  | 29970442  |
| Other Assets Less Liabilities - 0.07% |  | 19646  |
| Total Net Assets - 100.00% |  | 29990088  |
| (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical securities |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of November 30, 2022 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of November 30, 2022 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of November 30, 2022 in valuing the Fund's assets carried at fair value: |
|  | Investments in  | Other Financial |
| Valuation Inputs | Securities | Instruments |
| Level 1 - Quoted Prices | $29970442 | $- |
| Level 2 - Other Significant Observable Inputs | - | - |
| Level 3 - Significant Unobservable Inputs | - | - |
| Total | $29970442 | $- |
| The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term |
| Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active |
| market, such securities are reflected as Level 2. | market, such securities are reflected as Level 2. | market, such securities are reflected as Level 2. |
| (2) Represents non-income producing securities. | (2) Represents non-income producing securities. | (2) Represents non-income producing securities. |
| ADR - American Depositary Receipt |  |  |
| PLC - Public Limited Company |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Monteagle Funds

- **b. Investment Company Act file number:** 811-08529

- **c. CIK number of Registrant:** 0001045701

- **d. LEI of Registrant:** 5493009CWKBRMKVZD520

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

  - **Street Address 1:** 2506 Winford Avenue

  - **City:** Nashville

  - **State:** TN

  - **Foreign country:** US

  - **Zip / Postal Code:** 37211

  - **Telephone number:** 888-263-5593

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

- **a. Name of Series:** Monteagle Opportunity Equity Fund

- **b. EDGAR series identifier (if any):** S000065162

- **c. LEI of Series:** 549300167RIUCJEKTO52

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $30023898.46

**Total Liabilities:** $33810.39

**Net Assets:** $29990088.07

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210931 | -8.94%               | 10.82%               | 5.97%                |
| Class ID C000210932 | -8.79%               | 10.75%               | 5.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-2498555.44                               |
| Month 2  | $0.00                    | $2747216.94                                |
| Month 3  | $0.00                    | $1640821.98                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| A. O. Smith Corp.                               | A.O. Smith Corp.                                                   | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      3600 | NS      | $218664.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc.                               | A10 Networks, Inc.                                                 | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     26400 | NS      | $493944.00    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp.                                      | AGCO Corp.                                                         | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      1700 | NS      | $225624.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ, Inc.                                       | AZZ, Inc.                                                          | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      4900 | NS      | $203987.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac, Inc.                                     | Aflac, Inc.                                                        | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      3600 | NS      | $258948.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd.                         | Agnico Eagle Mines Ltd. (Canada)                                   | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |      4078 | NS      | $205408.86    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                       | Amcor PLC (Switzerland)                                            | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | US        |     18800 | NS      | $232180.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd.                                     | Amdocs Ltd.                                                        | CUSIP: G02602103<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |      3000 | NS      | $266580.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| American Equity Investment Life Holding Co.     | American Equity Investment Life Holding Co.                        | CUSIP: 025676206<br>LEI: 549300RK5RZQ740FPL83 | Long             | EC               | CORP              | US        |      5400 | NS      | $218754.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co., Inc.                  | American Water Works Co., Inc.                                     | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |       900 | NS      | $136584.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies, Inc.           | Applied Industrial Technologies, Inc.                              | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      2100 | NS      | $278229.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp.                                   | ArcBest Corp.                                                      | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |      2900 | NS      | $240033.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels Midland Co.                      | Archer-Daniels Midland Co.                                         | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      2400 | NS      | $234000.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics, Inc.                         | Arrow Electronics, Inc.                                            | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      3100 | NS      | $337094.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp.                                    | Avista Corp.                                                       | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |      3000 | NS      | $123840.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE, Inc.                                       | BCE, Inc.                                                          | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | US        |      3100 | NS      | $147684.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                        | Bank OZK                                                           | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |      6400 | NS      | $295360.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corp.                              | Barrick Gold Corp.                                                 | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | US        |     11300 | NS      | $184416.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International, Inc.                      | Baxter International, Inc.                                         | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |      3300 | NS      | $186549.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                              | Best Buy Co., Inc.                                                 | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      3600 | NS      | $307080.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen, Inc.                                    | Biogen, Inc.                                                       | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      1000 | NS      | $305170.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp.                      | California Resources Corp.                                         | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     11600 | NS      | $526408.00    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                           | Cardinal Health, Inc.                                              | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      4100 | NS      | $328697.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                          | Cathay General Bancorp                                             | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |      5100 | NS      | $236997.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets, Inc.                       | Cboe Global Markets, Inc.                                          | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      1800 | NS      | $228312.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp.                                  | Celanese Corp.                                                     | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |      1800 | NS      | $193140.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technology Ltd.            | Check Point Software Technology Ltd. (Israel)                      | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      2050 | NS      | $272301.50    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp.                                    | Cognex Corp.                                                       | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |      5600 | NS      | $278768.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Cracker Barrel Old Country Store, Inc.          | Cracker Barrel Old Country Store, Inc.                             | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | EC               | CORP              | US        |      2800 | NS      | $321440.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Holdings, Co.                             | Crane Holdings, Inc.                                               | CUSIP: 224441105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2300 | NS      | $243662.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins, Inc.                                   | Cummins, Inc.                                                      | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      1000 | NS      | $251160.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                            | Curtiss-Wright Corp.                                               | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      1500 | NS      | $264975.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                  | DTE Energy Co.                                                     | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      1000 | NS      | $116010.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita Inc.                                     | DaVita, Inc.                                                       | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |      2900 | NS      | $213817.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc.                        | Darling Ingredients, Inc.                                          | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |      3200 | NS      | $229856.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp.                              | Devon Energy Corp.                                                 | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      5100 | NS      | $349452.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dine Brands Global, Inc.                        | Dine Brands Global, Inc.                                           | CUSIP: 254423106<br>LEI: 529900HKM8OWSHLKJY75 | Long             | EC               | CORP              | US        |      3800 | NS      | $283442.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree, Inc.                               | Dollar Tree, Inc.                                                  | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      1800 | NS      | $270522.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group, Inc.                               | EMCOR Group, Inc.                                                  | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      2400 | NS      | $371760.00    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp, Inc.                         | East West Bancorp, Inc.                                            | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3600 | NS      | $252756.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties, Inc.                      | Eastgroup Properties, Inc.                                         | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      3700 | NS      | $574388.00    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co.                            | Eastman Chemical Co.                                               | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |      3800 | NS      | $329156.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Re Group Ltd.                           | Everest Re Group Ltd. (Bermuda)                                    | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |       700 | NS      | $236558.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp.                                | Fair Isaac Corp.                                                   | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       700 | NS      | $433804.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Money Market Obligations Trust | Federated Hermes Government Obligations Fund - Institutional Class | CUSIP: 60934N104<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    386073 | NS      | $386073.32    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate BancSystem, Inc.               | First Interstate Bancsystem, Inc. Class A                          | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |      5500 | NS      | $239910.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd.                                       | Flex Ltd. (Singapore)                                              | CUSIP: Y2573F102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16600 | NS      | $364868.00    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co., Inc.                     | Franklin Electric Co., Inc.                                        | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |      3000 | NS      | $249900.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd.                                    | Genpact Ltd. (Bermuda)                                             | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |      5900 | NS      | $272049.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co.                               | Genuine Parts Co.                                                  | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      2800 | NS      | $513324.00    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co.                                 | Halliburton Co.                                                    | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |      9500 | NS      | $359955.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries, Inc.              | Hawaiian Electric Industries, Inc.                                 | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |      5200 | NS      | $213616.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Financial USA, Inc.                   | Heartland Financial USA, Inc.                                      | CUSIP: 42234Q102<br>LEI: 549300QF7B0DFZT32C73 | Long             | EC               | CORP              | US        |      4500 | NS      | $219555.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Limited                           | Helen of Troy Ltd. (Bermuda)                                       | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1500 | NS      | $147810.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.             | Huntington Ingalls Industries, Inc.                                | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |       900 | NS      | $208764.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| InMode Ltd.                                     | InMode Ltd. (Israel)                                               | CUSIP: M5425M103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9200 | NS      | $353188.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp.                                    | Incyte Corp.                                                       | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      2800 | NS      | $223076.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion, Inc.                                 | Ingredion, Inc.                                                    | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      2200 | NS      | $215534.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                        | Jazz Pharmaceuticals PLC (Ireland)                                 | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |      1400 | NS      | $219674.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| John Bean Technologies Corp.                    | John Bean Technologies Corp.                                       | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |      1800 | NS      | $165348.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke and Soffa Industries, Inc.              | Kulicke & Soffa Industries, Inc.                                   | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |      8500 | NS      | $407575.00    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies, Inc.                     | L3Harris Technologies, Inc.                                        | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |       900 | NS      | $204372.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties, Inc.                            | LTC Properties, Inc.                                               | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |     10400 | NS      | $408616.00    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System, Inc.                           | Landstar System, Inc.                                              | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      1850 | NS      | $320013.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Ltd                                      | Lazard Ltd. Class A (Bermuda)                                      | CUSIP: G54050102<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |      6000 | NS      | $219660.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings, Inc.                           | Leidos Holdings, Inc.                                              | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      2000 | NS      | $218660.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.                       | MDU Resources Group, Inc.                                          | CUSIP: 552690109<br>LEI: 0T6SBMK3JTBI1JR36794 | Long             | EC               | CORP              | US        |     10200 | NS      | $321198.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MINISO Group Holding Limited                    | MINISO Group Holding Ltd. Class A ADR                              | CUSIP: 66981J102<br>LEI: 2549006PIKT2YKNBL092 | Long             | EC               | CORP              | US        |     29000 | NS      | $342490.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group, Inc.                                 | Myr Group, Inc.                                                    | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      2400 | NS      | $229272.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp.                                     | Masco Corp.                                                        | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      4100 | NS      | $208198.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.         | Mid-America Apartment Communities, Inc.                            | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |      3500 | NS      | $577080.00    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare, Inc.                         | Molina Healthcare, Inc.                                            | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |       900 | NS      | $303093.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings, Inc.                              | NMI Holdings, Inc.                                                 | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     18000 | NS      | $387540.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                           | NXP Semiconductors NV (Netherlands)                                | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | US        |      1600 | NS      | $281344.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors, Inc.                 | National Health Investors, Inc.                                    | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |      6500 | NS      | $365690.00    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| National Retail Properties Inc.                 | National Retail Properties, Inc.                                   | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |      9200 | NS      | $426512.00    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp.                                   | Nordson Corp.                                                      | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      1000 | NS      | $236490.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp.                                | OGE Energy Corp.                                                   | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |      3000 | NS      | $121380.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK, Inc.                                     | ONEOK, Inc.                                                        | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      8100 | NS      | $542052.00    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp.                                | Otter Tail Corp.                                                   | CUSIP: 689648103<br>LEI: 549300HHVBQRQUVKKD91 | Long             | EC               | CORP              | US        |      3200 | NS      | $190816.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp.                                       | PPL Corp.                                                          | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |      4700 | NS      | $138744.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PagSeguro Digital Ltd.                          | PagSeguro Digital Ltd. Class A (Brazil)                            | CUSIP: G68707101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22900 | NS      | $241137.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                                | Paramount Global Class B                                           | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |      5400 | NS      | $108432.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group, Inc.                   | Penske Automotive Group, Inc.                                      | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |      2300 | NS      | $290835.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PerkinElmer, Inc.                               | PerkinElmer, Inc.                                                  | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |      1500 | NS      | $209595.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup, Inc.                                | PulteGroup, Inc.                                                   | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5700 | NS      | $255246.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc.                                      | Qorvo, Inc.                                                        | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |      2600 | NS      | $258050.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                         | Republic Services, Inc.                                            | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      1600 | NS      | $222864.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co.                             | SEI Investments Co.                                                | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      3700 | NS      | $230436.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Sciplay Corp.                                   | Sciplay Corp. Class A                                              | CUSIP: 809087109<br>LEI: 549300B8E2F1A3EW6869 | Long             | EC               | CORP              | US        |     17000 | NS      | $272340.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp. International                     | Service Corp. International                                        | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |      3700 | NS      | $264365.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Co.                             | Sonoco Products Co.                                                | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |      3500 | NS      | $214795.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| South State Corp.                               | South State Corp.                                                  | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |      2200 | NS      | $193270.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.                    | Stanley Black & Decker, Inc.                                       | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |      2000 | NS      | $163440.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity Ltd.                            | TE Connectivity Ltd. (Switzerland)                                 | CUSIP: H84989104<br>LEI: 894500ZRIX9K13RHXR17 | Long             | EC               | CORP              | CH        |      2100 | NS      | $264852.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Ternium S.A.                                    | Ternium SA ADR                                                     | CUSIP: 880890108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9300 | NS      | $292857.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| The Ensign Group, Inc.                          | The Ensign Group, Inc.                                             | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      3000 | NS      | $285000.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.               | The Hanover Insurance Group, Inc.                                  | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      1400 | NS      | $206220.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Financial Services Group, Inc.     | The Hartford Financial Services Group, Inc.                        | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      4600 | NS      | $351302.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kroger Co.                                  | The Kroger Co.                                                     | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      4600 | NS      | $226274.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| The Travelers Cos., Inc.                        | The Travelers Cos., Inc.                                           | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      1200 | NS      | $227772.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                               | Tyson Foods, Inc. Class A                                          | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      3500 | NS      | $231980.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp.                                       | UGI Corp.                                                          | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |      3600 | NS      | $139140.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp.                       | United Therapeutics Corp.                                          | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       900 | NS      | $251901.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.                 | Universal Health Services, Inc. Class B                            | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      2000 | NS      | $261700.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Music Group Corp.                        | Warner Music Group Corp. Class A                                   | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5800 | NS      | $198766.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Federal, Inc.                        | Washington Federal, Inc.                                           | CUSIP: 938824109<br>LEI: D38AC76TAMYI50NBPX33 | Long             | EC               | CORP              | US        |      7900 | NS      | $278633.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp.                                 | Whirlpool Corp.                                                    | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      1500 | NS      | $219795.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum China Holdings, Inc.                        | Yum China Holdings, Inc. (China)                                   | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |      5800 | NS      | $319696.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp.                        | Zebra Technologies Corp. Class A                                   | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      1200 | NS      | $324336.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                       | Ebay, Inc.                                                         | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      5600 | NS      | $254464.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-11-30

**Name of Applicant:** Monteagle Funds

**Signature:** /s/ Paul B. Ordonio

**Name of Signer:** Paul B. Ordonio

**Title:** President and Principal Executive Officer