# EDGAR Filing Document

**Accession Number:** 0000315774
**File Stem:** 0001752724-23-050324
**Filing Date:** 2023-3
**Character Count:** 113883
**Document Hash:** 040b8026508d84d7756aadd89678de54
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-050324.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-050324

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORUM FUNDS
- **CENTRAL INDEX KEY:** 0000315774
- **IRS NUMBER:** 010516963
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03023
- **FILM NUMBER:** 23694214

**BUSINESS ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101
- **BUSINESS PHONE:** 2073472000

**MAIL ADDRESS:**
- **STREET 1:** FORUM FUNDS
- **STREET 2:** THREE CANAL PLAZA
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FORUM FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAHNESTOCK DAILY INCOME FUND INC
- **DATE OF NAME CHANGE:** 19870617

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DAILY INCOME EXTENSION FUND INC
- **DATE OF NAME CHANGE:** 19810607

## Series and Classes Contracts Data

### Absolute Convertible Arbitrage Fund (Series ID: S000056818)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000180494 | Institutional Shares | ARBIX           |
| C000226084 | Investor Shares      | ARBOX           |

## Nport-Ex

ABSOLUTE CONVERTIBLE ARBITRAGE FUND

SCHEDULE OF INVESTMENTS (Unaudited)

DECEMBER 31, 2022

| Principal | Security Description | Rate | Maturity | Value |
| --- | --- | --- | --- | --- |
| Long Positions - 94.7% |  |  |  |  |
| Fixed Income Securities - 86.4% |  |  |  |  |
| Corporate Convertible Bonds - 86.1% |  |  |  |  |
| Communication Services - 5.6% |  |  |  |  |
| $1,000,000 Infinera Corp. |  | 2.13% | 09/01/24 | $981,500 |
| 10,000,000 Infinera Corp. |  | 2.50 | 03/01/27 | 11,176,856 |
| 2,000,000 Infinera Corp. (a) |  | 3.75 | 06/01/28 | 2,488,800 |
| 5,542,000 InterDigital, Inc. |  | 2.00 | 06/01/24 | 5,330,711 |

ABSOLUTE FUNDS

ABSOLUTE CONVERTIBLE ARBITRAGE FUND

SCHEDULE OF INVESTMENTS (Unaudited)

DECEMBER 31, 2022

| Period | InterDigital, Inc. (a) | Security Description | Rate | Amount | Value |
| --- | --- | --- | --- | --- | --- |
| FEBRUARY 31, 2022 | Palo Alto Networks, Inc. | 0.38 | 06/01/25 | 7,555,850 | $3,725,000 |
| $4,000,000 | Citi-Pegetings, Inc. | 0.13 | 11/15/25 | $3,725,000 |  |
| 7,000,000 | Citi-Medford, Inc. (b) | 0.28 | 06/01/26 | 8,075,864 |  |
| 9,500,000 | TechTarget, Inc. (c)(d) | 0.07 | 12/15/26 | 7,000,000 |  |
| 9,000,000 | Upwork, Inc. | 0.06 | 08/15/26 | 4,525,000 |  |
| 4,500,000 | Wayfair, Inc. (e) | 3.25 | 09/15/27 | 3,600,000 |  |
|  |  |  |  | 55,941,737 |  |
| Health Care - 19.1% |  |  |  |  |  |
| Consumer Discretionary - 11.7% |  | 3.00 | 06/15/25 | 2,907,000 |  |

ABSOLUTE FUNDS

SCHEDULE OF INVESTMENTS (Unaudited)

DECEMBER 31, 2022

| Internal | Account | Account Description | Initials | Unidentify | Value |
| --- | --- | --- | --- | --- | --- |
| 1 | 01001000 | Attorney HRE(1) Security Description | 0.80 | 01/01/27 | $18,067,816 |
| S | 01001000 | Attorney Enforcement, Inc. (a) | 0.77 | 01/01/25 | $2,030,000 |
|  | 01001000 | Attorney Inquiries Group, Inc. (b) | 0.80 | 01/01/25 | $2,030,000 |
|  | 01001000 | Attorney Enforcement, Inc. (c) | 0.75 | 01/01/25 | 3,034,000 |
|  | 01001000 | Attorney Enforcement, Inc. (d) | 0.70 | 01/01/27 | 3,034,000 |
|  | 01001000 | Companion of Interest, Inc. | 0.50 | 01/01/27 | 5,000,000 |
|  | 01001000 | Companion of Interest, Attorney Store, Inc. | 0.51 | 01/01/25 | 4,000,000 |
|  | 01001000 | Committee, Corp. (e) | 0.60 | 01/01/25 | 4,000,000 |

ABSOLUTE CONVERTIBLE ARBITRAGE FUND

SCHEDULE OF INVESTMENTS (Unaudited)

DECEMBER 31, 2022

|  | 1,000,000 | DONA PALL, C.P.D. (4) | Security Description | 2.00 | 04/15/22 | 1,240,000 |
| --- | --- | --- | --- | --- | --- | --- |
| Money | 1,000,000 | Fund, C. E. (4) | Funds, Ltd. (4) | 0.00 | 04/01/28 | 1,000,000 |
|  | 2,000,000 | Chesapeake, N. T. (4) | Treasury Obligations Fund, Class X, 4.20% (5)(4) | 4.00 | 04/15/26 | 2,410,000 |
|  | 4,000,000 | Lakshmi, S. (4) | Lakshmi, S. (4) | 0.00 | 04/15/29 | $4,000,000 |
| Total | 1,000,000 | DONA PALL, C.P.D. (4) | Security Description | 0.00 | 04/01/29 | 1,000,000 |
|  | 2,000,000 | DONA PALL, C.P.D. (4) | Treasury Obligations Fund, Class X, 4.20% (5)(4) | 4.00 | 04/15/26 | 2,000,000 |
| Other | 1,000,000 | DONA PALL, C.P.D. (4) | Security, Inc. (4) | 0.00 | 04/15/29 | 1,000,000 |
| Net | 4,000,000 | DONA PALL, C.P.D. (4) | Security, Inc. (4) | 0.00 | 04/15/29 | 4,000,000 |

ABSOLUTE FUNDS

ABSOLUTE CONVERTIBLE ARBITRAGE FUND

SCHEDULE OF SECURITIES SOLD SHORT (Unaudited)

DECEMBER 31, 2022

| 4,000,000 | National Value Holdings, Inc. | Security Description | 0.00 | 09/15/25 | $209,647 |
| --- | --- | --- | --- | --- | --- |
| Short | 4,250,000 | New Port Plant Chemicals, Inc. | 0.00 | 09/15/29 | 0,489,028 |
| Common | 4,500,000 | New Technology I, Ltd. | 9.99 | 09/15/29 | 0,625,835 |
| Common | 4,500,000 | Cable Gas Systems, Inc. (8) | 2.43 | 09/15/29 | 0,475,500 |
| Common | 4,500,000 | New York Gas Gases, Ltd. | 2.88 | 09/15/28 | $12,780,000 (439) |
| 1,000,000 | 1,000,000 | New York Gas Gases, Ltd. (4) | 0.00 | 09/15/28 | 0,006,500 (47) |
| 1,500,000 | 1,500,000 | New York Gas Gases, Inc. | 0.99 | 09/15/28 | 0,512,222 (789) |
| 5,000,000 | 5,000,000 | New York Gas Gases, Inc. | 9.55 | 09/15/29 | 0,006,500 (224) |
| 4,000,000 | 4,000,000 | New York Gas Gases, Brands Corp. | 0.38 | 09/15/28 | 14,000,000 (218) |

ABSOLUTE FUNDS

ABSOLUTE CONVERTIBLE ARBITRAGE FUND

SCHEDULE OF SECURITIES SOLD SHORT (Unaudited)

DECEMBER 31, 2022

| Item | Description | Amount | Security Description | Amount | Security Description | Amount |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | 2000.000 | Unspecified Inc. Holdings, Inc. (1) | Security Description | 0.00 | 05/01/25 | 1,000,000 (77) |
| 1 | 2000.000 | Supermarkets, Inc. |  | 0.05 | 08/15/25 | 1,000,000 (77) |
| 1 | 2000.000 | Commodore, Inc. |  | 0.00 | 01/01/25 | $8,500,000 (51) |
| 1 | 2000.000 | Foodservice, Inc. |  | 0.00 | 03/15/25 | 1,500,000 (51) |
| 1 | 2000.000 | U.S. Food Service, Inc. |  | 0.00 | 01/01/25 | 15,000,000 (51) |
| 1 | 2000.000 | Tobacco and Tobacco Products, Inc. |  | 0.00 | 02/15/25 | 2,000,000 (51) |
| 1 | 2000.000 | Tobacco Products, Inc. (1) |  | 0.00 | 05/01/25 | 2,000,000 (51) |
| 1 | 2000.000 | Tobacco Products, Inc. (1) |  | 0.00 | 01/01/25 | 10,000,000 (51) |
| 1 | 2000.000 | Other Subsidiaries, Inc. |  | 0.00 | 05/01/25 | 10,000,000 (51) |

ABSOLUTE FUNDS

ABSOLUTE CONVERTIBLE ARBITRAGE FUND

SCHEDULE OF SECURITIES SOLD SHORT (Unaudited)

DECEMBER 31, 2022

| Description | Amount (in millions) | Security Description | 2.31 | 0.041/28 | 141,901.413 |
| --- | --- | --- | --- | --- | --- |
| 1.000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 | 0.00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 | 1.00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 | 0.00 | 0.00 | 1.000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 |

ABSOLUTE FUNDS

ABSOLUTE CONVERTIBLE ARBITRAGE FUND

NOTES TO SCHEDULES OF INVESTMENTS AND SECURITIES SOLD SHORT (Unaudited)

DECEMBER 31, 2022

| 022,200 | Luxury, Technologies, Inc. | 0.25 | 05/15/26 | 2540 |
| --- | --- | --- | --- | --- |
| 022,200 | Luxury, Technologies, Inc. (SOLD) Corp. | 0.25 | 05/15/26 | 2540 |
| 022,200 | Luxury, Technologies, Inc. (SOLD) RUH 144A under the Securities Act of 1993 | At the price of $1.00, the value of these securities is $1.00 | 05/15/26 | 0.00 |
| (a) | $1.00 | At the price of $1.00, the value of these securities is $1.00 | 05/15/26 | 0.00 |
| (b) | $1.00 | At the price of $1.00, the value of these securities is $1.00 | 05/15/26 | 0.00 |
| (c) | $1.00 | At the price of $1.00, the value of these securities is $1.00 | 05/15/26 | 0.00 |
| (d) | $1.00 | At the price of $1.00, the value of these securities is $1.00 | 05/15/26 | 0.00 |
| (e) | $1.00 | At the price of $1.00, the value of these securities is $1.00 | 05/15/26 | 0.00 |
| Total | $1.00 | At the price of $1.00 | 05/15/26 | 0.00 |

ABSOLUTE FUNDS

ABSOLUTE CONVERTIBLE ARBITRAGE FUND

NOTES TO SCHEDULES OF INVESTMENTS AND SECURITIES SOLD SHORT (Unaudited)

DECEMBER 31, 2022

| Corporate Stock Consumers' Data to the following exchange traded futures contracts: 1.00 02/01/27 |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| Materials - Notes | Vegin Galactic Holdings, Inc. |  |  |  | Net Unrealized Total 103,525,434 |
| 3280,000 | Country Standard Co. | Expiration | National Contract | Level 3 | Net Unrealized Total 103,525,434 |
| Contracts | 03/31/23 | $ | 2.75 | 05/01/26 | Approved 10/31/23 |
| Assets | 03/31/23 | $ | (81,168,045) | $(80,947,266) | $(80,947,266) |
| Consumer | 03/31/23 |  |  |  | $(80,947,266) |
| Other | 03/31/23 |  |  |  | $(80,947,266) |
| Current Stockings: (1) All other stock are managed by the adviser, and are noted in the Schedule Convertible Arbitrage System. (2) All other stockings are not with affiliates were as follows: - 2,671,400 - - 2,611,400 (21) |  |  |  |  |  |
| Investment: (3) Stockings are not with affiliates and are noted in the Schedule Convertible Arbitrage System. (3) All other stockings are not with affiliates were as follows: - 67,645,680 - - 67,645,680 |  |  |  |  |  |

ABSOLUTE FUNDS

ABSOLUTE CONVERTIBLE ARBITRAGE FUND

| Total Liabilities |  |  | $15,252,945 CHANGE IN Unrealized | $929,134,500 | $ - | $944,102,637 |
| --- | --- | --- | --- | --- | --- | --- |
| Other Financial Institutions and Strategies, Inc. |  |  |  |  |  |  |
| Funded by | Suzanne E. Easley | Other |  |  |  |  |
| Funded by | Suzanne Easley, Inc. | Gross | Approved on | Balance | Realized | Capital Gain |
| Institutional | William E. Easley | Reductions | $929,134,500 | Gain(Loss) | Distributions | $944,102,637 |
| Institutional | William E. Easley | Reductions | $1,231,553 | Gains(Loss) | Distributions | $944,102,637 |
| Executive | William E. Easley | Membership and Cap. Inc. | - | 1,505,720 |  |  |
| Committee | William E. Easley | Committee | $1,505,720 |  |  |  |
| Committee | William E. Easley | Committee | $5,058,860 | $ - | $58,860 | $58,860 |
| Sikarcross | William E. Easley | Sikarcross | $5,252,945 | - | $ - | $58,860 |
| Total Liabilities | Siem, Inc. |  | $(362,177,574) | $ - | $ - | $(362,177,574) |

ABSOLUTE FUNDS

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** FORUM FUNDS

- **b. Investment Company Act file number:** 811-03023

- **c. CIK number of Registrant:** 0000315774

- **d. LEI of Registrant:** 549300LXYEU14CHGAO13

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

  - **Street Address 1:** THREE CANAL PLAZA, SUITE 600

  - **City:** PORTLAND

  - **State:** ME

  - **Foreign country:** US

  - **Zip / Postal Code:** 04101

  - **Telephone number:** 207-347-2000

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

- **a. Name of Series:** ABSOLUTE CONVERTIBLE ARBITRAGE FUND

- **b. EDGAR series identifier (if any):** S000056818

- **c. LEI of Series:** 254900X33KL2ACION121

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $1371068097.81

**Total Liabilities:** $373825729.81

**Net Assets:** $997242368.00

**Cash Not Reported:** $419127950.34

**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:** 22.59340911 | **1-Year:** 54070.70067839 | **5-Year:** 128370.69352654 | **10-Year:** 4007.72957764 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000180494 | 0.64%                | 0.73%                | 0.55%                |
| Class ID C000226084 | 0.65%                | 0.73%                | 0.48%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-815075.51              | $5989359.20                                |
| Month 2  | $-594258.13              | $6408743.36                                |
| Month 3  | $0.00                    | $4330779.40                                |

**Designated Index Information**

- **Index Name:** ICE BofAML US High Yield Index

- **Index Identifier:** H0A0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ironwood Pharmaceuticals Inc             | Ironwood Pharmaceuticals, Inc.           | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Short            | EC               | CORP              | US        |   -214207 | NS      | $-2654024.73  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| PARSONS CORP                             | Parsons Corp.                            | CUSIP: 70202LAB8<br>LEI: 549300ZXH0VRBSEPX752 | Long             | DBT              | CORP              | US        |   9477000 | PA      | $10817995.50  | 1.08%             | 2025-08-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Alarm.com Holdings Inc                   | Alarm.com Holdings, Inc.                 | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Short            | EC               | CORP              | US        |    -20091 | NS      | $-994102.68   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                              | Dropbox, Inc.                            | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Short            | EC               | CORP              | US        |    -88283 | NS      | $-1975773.54  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| LivePerson Inc                           | LivePerson, Inc.                         | CUSIP: 538146101<br>LEI: 549300IN2P1JZ20G7N40 | Short            | EC               | CORP              | US        |    -19037 | NS      | $-193035.18   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| PENN ENTERTAINMENT INC                   | Penn Entertainment, Inc.                 | CUSIP: 707569AU3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1479000.00   | 0.15%             | 2026-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Airbnb Inc                               | Airbnb, Inc.                             | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Short            | EC               | CORP              | US        |     -5348 | NS      | $-457254.00   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                              | Wayfair, Inc.                            | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Short            | EC               | CORP              | US        |    -53800 | NS      | $-1769482.00  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| REDFIN CORP                              | Redfin Corp.                             | CUSIP: 75737FAC2<br>LEI: 549300HXWD3JEMZU3O57 | Long             | DBT              | CORP              | US        |   1717000 | PA      | $1031281.71   | 0.10%             | 2025-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Stride Inc                               | Stride, Inc.                             | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Short            | EC               | CORP              | US        |    -90600 | NS      | $-2833968.00  | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| BLACKLINE INC                            | Blackline, Inc.                          | CUSIP: 09239BAD1<br>LEI: 529900P9N7PK9LV5EK56 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $6426562.50   | 0.64%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EAGLE OUTFITTER                 | American Eagle Outfitters, Inc.          | CUSIP: 02553EAB2<br>LEI: 5299001Z9HXK01DHW793 | Long             | DBT              | CORP              | US        |   2144000 | PA      | $3794880.00   | 0.38%             | 2025-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Coupa Software Inc                       | Coupa Software, Inc.                     | CUSIP: 22266L106<br>LEI: 549300Q95ICR2GFL2K37 | Short            | EC               | CORP              | US        |     -6279 | NS      | $-497108.43   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| CENTURY ALUMINUM COMPANY                 | Century Aluminum Co.                     | CUSIP: 156431AQ1<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |   3700000 | PA      | $2671400.00   | 0.27%             | 2028-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| OIL STATES INTL INC                      | Oil States International, Inc.           | CUSIP: 678026AK1<br>LEI: 5493004TF4KQJGMYL777 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8644800.00   | 0.87%             | 2026-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ARTIVION INC                             | Artivion, Inc.                           | CUSIP: 228903AB6<br>LEI: 549300YTKV8DMSMG6K81 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $7864200.00   | 0.79%             | 2025-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ASCENDIS PHARMA A/S                      | Ascendis Pharma A/S                      | CUSIP: 04351PAC5<br>LEI: 549300B66JN3W3J8GH73 | Long             | DBT              | CORP              | DK        |   4997000 | PA      | $5137069.51   | 0.52%             | 2028-04-01      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Blackline Inc                            | BlackLine, Inc.                          | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Short            | EC               | CORP              | US        |    -42501 | NS      | $-2859042.27  | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| PORCH GROUP INC                          | Porch Group, Inc.                        | CUSIP: 733245AA2<br>LEI: 549300NXEI7CVW8IXQ90 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $1658069.58   | 0.17%             | 2026-09-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Topgolf Callaway Brands Corp             | Topgolf Callaway Brands Corp.            | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Short            | EC               | CORP              | US        |   -323000 | NS      | $-6379250.00  | -0.64%            |  |  |  | No            |                  1 | On Loan: No      |
| MP MATERIALS CORP                        | MP Materials Corp.                       | CUSIP: 553368AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6151250.00   | 0.62%             | 2026-04-01      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd              | Royal Caribbean Cruises, Ltd.            | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Short            | EC               | CORP              | LR        |    -90500 | NS      | $-4473415.00  | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| LUMENTUM HOLDINGS INC                    | Lumentum Holdings, Inc.                  | CUSIP: 55024UAD1<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8625000.00   | 0.86%             | 2026-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| BRIDGEBIO PHARMA INC                     | Bridgebio Pharma, Inc.                   | CUSIP: 10806XAD4<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $1909375.00   | 0.19%             | 2029-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MIDDLEBY CORP                            | The Middleby Corp.                       | CUSIP: 596278AB7<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | DBT              | CORP              | US        |   6230000 | PA      | $7354515.00   | 0.74%             | 2025-09-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| OMNICELL INC                             | Omnicell, Inc.                           | CUSIP: 68213NAD1<br>LEI: 5493008RH0GTKHHPZI77 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6139000.00   | 0.62%             | 2025-09-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Magnite Inc                              | Magnite, Inc.                            | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Short            | EC               | CORP              | US        |    -13700 | NS      | $-145083.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7 Inc                               | Rapid7, Inc.                             | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Short            | EC               | CORP              | US        |    -28593 | NS      | $-971590.14   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The                 | The Chefs' Warehouse, Inc.               | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Short            | EC               | CORP              | US        |    -39406 | NS      | $-1311431.68  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| SMILEDIRECTCLUB INC                      | SmileDirectClub, Inc.                    | CUSIP: 83192HAA4<br>LEI: 254900QFZEGKCURCJS93 | Long             | DBT              | CORP              | US        |   5626000 | PA      | $562600.00    | 0.06%             | 2026-02-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| EZCORP Inc                               | EZCORP, Inc.                             | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Short            | EC               | CORP              | US        |    -61196 | NS      | $-498747.40   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| LCI INDUSTRIES                           | LCI Industries                           | CUSIP: 501812AB7<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | DBT              | CORP              | US        |   7186000 | PA      | $6090135.00   | 0.61%             | 2026-05-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| indie Semiconductor Inc                  | indie Semiconductor, Inc.                | CUSIP: 45569U101<br>LEI: 254900L1MFXFYGB1PV53 | Short            | EC               | CORP              | US        |   -179120 | NS      | $-1044269.60  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Integra LifeSciences Holdings            | Integra LifeSciences Holdings Corp.      | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Short            | EC               | CORP              | US        |    -56339 | NS      | $-3158927.73  | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Spirit Airlines Inc                      | Spirit Airlines, Inc.                    | CUSIP: 848577102<br>LEI: 549300DCAFIXFNFR3304 | Short            | EC               | CORP              | US        |    -43600 | NS      | $-849328.00   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| EVOLENT HEALTH INC                       | Evolent Health, Inc.                     | CUSIP: 30050BAD3<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | DBT              | CORP              | US        |   3994000 | PA      | $4345472.00   | 0.44%             | 2025-10-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| INTEGRA LIFESCIENCES HLD                 | Integra LifeSciences Holdings Corp.      | CUSIP: 457985AM1<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7308750.00   | 0.73%             | 2025-08-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ALARM.COM HLDGS INC                      | Alarm.com Holdings, Inc.                 | CUSIP: 011642AB1<br>LEI: 549300HIH92U1EKIHZ32 | Long             | DBT              | CORP              | US        |   8110000 | PA      | $6625059.00   | 0.66%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Palo Alto Networks Inc                   | Palo Alto Networks, Inc.                 | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Short            | EC               | CORP              | US        |    -45068 | NS      | $-6288788.72  | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| BLACKLINE INC                            | Blackline, Inc.                          | CUSIP: 09239BAB5<br>LEI: 529900P9N7PK9LV5EK56 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3897979.51   | 0.39%             | 2024-08-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| FISKER INC                               | Fisker, Inc.                             | CUSIP: 33813JAA4<br>LEI: 549300UUN5RWU44MBX79 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $2940000.00   | 0.29%             | 2026-09-15      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| SUNNOVA ENERGY INTL INC                  | Sunnova Energy International, Inc.       | CUSIP: 86745KAG9<br>LEI: 549300JK1Y1VVC3JU540 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2843750.00   | 0.29%             | 2028-02-15      | Fixed         | 2.62%                 | Yes           |                  2 | On Loan: No      |
| National Vision Holdings Inc             | National Vision Holdings, Inc.           | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Short            | EC               | CORP              | US        |    -97334 | NS      | $-3772665.84  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| CUTERA INC                               | Cutera, Inc.                             | CUSIP: 232109AF5<br>LEI: 529900NPKPEWJWR21Z42 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2813525.00   | 0.28%             | 2029-06-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| PetIQ Inc                                | PetIQ, Inc.                              | CUSIP: 71639T106<br>LEI: 549300GROACFGKVYOX14 | Short            | EC               | CORP              | US        |    -94082 | NS      | $-867436.04   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| ALLSCRIPTS HEALTHCARE SO                 | Allscripts Healthcare Solutions, Inc.    | CUSIP: 01988PAF5<br>LEI: Y68YJHVB1GU4TAU3C223 | Long             | DBT              | CORP              | US        |  11255000 | PA      | $16087615.63  | 1.61%             | 2027-01-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| STEM INC                                 | Stem, Inc.                               | CUSIP: 85859NAA0<br>LEI: 549300GVWIYFILN5V546 | Long             | DBT              | CORP              | US        |   9390000 | PA      | $5951382.00   | 0.60%             | 2028-12-01      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| Workiva Inc                              | Workiva, Inc.                            | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Short            | EC               | CORP              | US        |    -78568 | NS      | $-6597354.96  | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Allscripts Healthcare Solution           | Allscripts Healthcare Solutions, Inc.    | CUSIP: 01988P108<br>LEI: Y68YJHVB1GU4TAU3C223 | Short            | EC               | CORP              | US        |   -695000 | NS      | $-12259800.00 | -1.23%            |  |  |  | No            |                  1 | On Loan: No      |
| ARRAY TECHNOLOGIES INC                   | Array Technologies, Inc.                 | CUSIP: 04271TAB6<br>LEI: 549300JM5FECYJQ85V37 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7661250.00   | 0.77%             | 2028-12-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                     | Chart Industries, Inc.                   | CUSIP: 16115QAD2<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $2548480.00   | 0.26%             | 2024-11-15      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Green Plains Inc                         | Green Plains, Inc.                       | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Short            | EC               | CORP              | US        |   -218000 | NS      | $-6649000.00  | -0.67%            |  |  |  | No            |                  1 | On Loan: No      |
| KBR INC                                  | KBR, Inc.                                | CUSIP: 48242WAB2<br>LEI: 254900OFQDXZRKRCV808 | Long             | DBT              | CORP              | US        |   5620000 | PA      | $11877870.00  | 1.19%             | 2023-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Model N Inc                              | Model N, Inc.                            | CUSIP: 607525102<br>LEI: 549300WCIL3W0EYSBN94 | Short            | EC               | CORP              | US        |   -139051 | NS      | $-5639908.56  | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| John Bean Technologies Corp              | John Bean Technologies Corp.             | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Short            | EC               | CORP              | US        |    -14000 | NS      | $-1278620.00  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| VEECO INSTRUMENTS INC                    | Veeco Instruments, Inc.                  | CUSIP: 922417AF7<br>LEI: 5493004201F72ADDZW04 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $4945600.00   | 0.50%             | 2027-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                            | Carnival Corp.                           | CUSIP: 143658BU5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2660000 | PA      | $2388680.00   | 0.24%             | 2027-12-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Marriott Vacations Worldwide C           | Marriott Vacations Worldwide Corp.       | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Short            | EC               | CORP              | US        |    -16147 | NS      | $-2173224.73  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| TABULA RASA HLTHCR INC                   | Tabula Rasa HealthCare, Inc.             | CUSIP: 873379AA9<br>LEI: 549300K6KY242XRMEF28 | Long             | DBT              | CORP              | US        |   3086000 | PA      | $2412807.52   | 0.24%             | 2026-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| NextGen Healthcare Inc                   | NextGen Healthcare, Inc.                 | CUSIP: 65343C102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -206819 | NS      | $-3884060.82  | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| CONMED CORP                              | CONMED Corp.                             | CUSIP: 207410AF8<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | DBT              | CORP              | US        |   4035000 | PA      | $4591830.00   | 0.46%             | 2024-02-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Fastly Inc                               | Fastly, Inc.                             | CUSIP: 31188V100<br>LEI: 549300E2FZC83FJ3H565 | Short            | EC               | CORP              | US        |    -13164 | NS      | $-107813.16   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| IMAX CORP                                | IMAX Corp.                               | CUSIP: 45245EAJ8<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | DBT              | CORP              | CA        |   9940000 | PA      | $8433214.39   | 0.85%             | 2026-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ORMAT TECHNOLOGIES INC                   | Ormat Technologies, Inc.                 | CUSIP: 686688AA0<br>LEI: 5493000TSHHWY24VHM09 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $12848000.00  | 1.29%             | 2027-07-15      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| NOVOCURE LTD                             | Novocure, Ltd.                           | CUSIP: 67011XAB9<br>LEI: 213800YPP55UMHWA4826 | Long             | DBT              | CORP              | JE        |   3500000 | PA      | $3121650.00   | 0.31%             | 2025-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WINNEBAGO INDUSTRIES                     | Winnebago Industries, Inc.               | CUSIP: 974637AB6<br>LEI: 549300B7OYKYJLTE3G11 | Long             | DBT              | CORP              | US        |   7061000 | PA      | $7440528.75   | 0.75%             | 2025-04-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GROUPON INC                              | Groupon, Inc.                            | CUSIP: 399473AF4<br>LEI: 5299005W5W1R5POQJL03 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2047500.00   | 0.21%             | 2026-03-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                  | Royal Caribbean Cruises, Ltd.            | CUSIP: 780153BP6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   5500000 | PA      | $6935500.00   | 0.70%             | 2025-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ALPHATEC HOLDINGS INC                    | Alphatec Holdings, Inc.                  | CUSIP: 02081GAB8<br>LEI: 549300EZE8CQ8K65FS24 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7350400.00   | 0.74%             | 2026-08-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Invacare Corp                            | Invacare Corp.                           | CUSIP: 461203101<br>LEI: 549300NNUTG7HCZICS76 | Short            | EC               | CORP              | US        |   -175000 | NS      | $-73500.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CUTERA INC                               | Cutera, Inc.                             | CUSIP: 232109AC2<br>LEI: 529900NPKPEWJWR21Z42 | Long             | DBT              | CORP              | US        |   7250000 | PA      | $7743000.00   | 0.78%             | 2028-06-01      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| ALTERYX INC                              | Alteryx, Inc.                            | CUSIP: 02156BAF0<br>LEI: 549300XWZG0JHL7I0827 | Long             | DBT              | CORP              | US        |   8581000 | PA      | $7208040.00   | 0.72%             | 2026-08-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| NEXTGEN HEALTHCARE INC                   | NextGen Healthcare, Inc.                 | CUSIP: 65343CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8884588.54   | 0.89%             | 2027-11-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Unity Software Inc                       | Unity Software, Inc.                     | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Short            | EC               | CORP              | US        |     -3748 | NS      | $-107155.32   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                           | LCI Industries                           | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Short            | EC               | CORP              | US        |    -21000 | NS      | $-1941450.00  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Varex Imaging Corp                       | Varex Imaging Corp.                      | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Short            | EC               | CORP              | US        |   -303245 | NS      | $-6155873.50  | -0.62%            |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESS SOFTWARE CORP                   | Progress Software Corp.                  | CUSIP: 743312AB6<br>LEI: 549300R65B3JG6972S24 | Long             | DBT              | CORP              | US        |   9750000 | PA      | $10013250.00  | 1.00%             | 2026-04-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| KBR Inc                                  | KBR, Inc.                                | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Short            | EC               | CORP              | US        |   -214842 | NS      | $-11343657.60 | -1.14%            |  |  |  | No            |                  1 | On Loan: No      |
| CRYOPORT INC                             | CryoPort, Inc.                           | CUSIP: 229050AC3<br>LEI: 9845004D8538BT8JF626 | Long             | DBT              | CORP              | US        |   8120000 | PA      | $5973072.00   | 0.60%             | 2026-12-01      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Fiverr International Ltd                 | Fiverr International, Ltd.               | CUSIP: M4R82T106<br>LEI: 549300Z8OREY6THCPF67 | Short            | EC               | CORP              | IL        |     -4895 | NS      | $-142640.30   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Groupon Inc                              | Groupon, Inc.                            | CUSIP: 399473206<br>LEI: 5299005W5W1R5POQJL03 | Short            | EC               | CORP              | US        |    -23600 | NS      | $-202488.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                | Itron, Inc.                              | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Short            | EC               | CORP              | US        |    -24471 | NS      | $-1239456.15  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| CONMED CORP                              | CONMED Corp.                             | CUSIP: 207410AG6<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | DBT              | CORP              | US        |   7880000 | PA      | $7218080.00   | 0.72%             | 2027-06-15      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Array Technologies Inc                   | Array Technologies, Inc.                 | CUSIP: 04271T100<br>LEI: 549300JM5FECYJQ85V37 | Short            | EC               | CORP              | US        |   -251504 | NS      | $-4861572.32  | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                             | Parsons Corp.                            | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Short            | EC               | CORP              | US        |   -143382 | NS      | $-6631417.50  | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                | Halozyme Therapeutics, Inc.              | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Short            | EC               | CORP              | US        |   -100000 | NS      | $-5690000.00  | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Eventbrite Inc                           | Eventbrite, Inc.                         | CUSIP: 29975E109<br>LEI: 549300N6XBV2B1FAUF55 | Short            | EC               | CORP              | US        |    -70500 | NS      | $-413130.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Stem Inc                                 | Stem, Inc.                               | CUSIP: 85859N102<br>LEI: 549300GVWIYFILN5V546 | Short            | EC               | CORP              | US        |   -197710 | NS      | $-1767527.40  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| NuVasive Inc                             | NuVasive, Inc.                           | CUSIP: 670704105<br>LEI: 549300C5ZB4NZ6TWM881 | Short            | EC               | CORP              | US        |    -15807 | NS      | $-651880.68   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| HELIX ENERGY SOLUTIONS                   | Helix Energy Solutions Group, Inc.       | CUSIP: 42330PAK3<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |   8510000 | PA      | $11800117.65  | 1.18%             | 2026-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INFINERA CORP                            | Infinera Corp.                           | CUSIP: 45667GAF0<br>LEI: 549300ZOF66WPV3H0H17 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2488800.00   | 0.25%             | 2028-08-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Peabody Energy Corp                      | Peabody Energy Corp.                     | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Short            | EC               | CORP              | US        |   -402649 | NS      | $-10637986.58 | -1.07%            |  |  |  | No            |                  1 | On Loan: No      |
| MODEL N INC                              | Model N, Inc.                            | CUSIP: 607525AB8<br>LEI: 549300WCIL3W0EYSBN94 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $9467500.00   | 0.95%             | 2025-06-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Infinera Corp                            | Infinera Corp.                           | CUSIP: 45667G103<br>LEI: 549300ZOF66WPV3H0H17 | Short            | EC               | CORP              | US        |  -1170985 | NS      | $-7892438.90  | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc                 | Winnebago Industries, Inc.               | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Short            | EC               | CORP              | US        |    -71200 | NS      | $-3752240.00  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries, Inc.                 | Patrick Industries, Inc.                 | CUSIP: 703343AG8<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   6400000 | PA      | $5248000.00   | 0.53%             | 2028-12-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FTI CONSULTING INC                       | FTI Consulting, Inc.                     | CUSIP: 302941AP4<br>LEI: 549300K17GM8EQD0FQ48 | Long             | DBT              | CORP              | US        |   4922000 | PA      | $7766916.00   | 0.78%             | 2023-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INOTIV INC                               | Inotiv, Inc.                             | CUSIP: 45783QAB6<br>LEI: 549300FH5Z13X0Q5SK81 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $2665000.00   | 0.27%             | 2027-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| INFINERA CORP                            | Infinera Corp.                           | CUSIP: 45667GAC7<br>LEI: 549300ZOF66WPV3H0H17 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $981500.00    | 0.10%             | 2024-09-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| MARRIOTT VACATION WORLDW                 | Marriott Vacations Worldwide Corp.       | CUSIP: 57164YAE7<br>LEI: 549300WA6BT5H4F7IO94 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4950000.00   | 0.50%             | 2027-12-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Jazz Pharmaceuticals PLC                 | Jazz Pharmaceuticals PLC                 | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Short            | EC               | CORP              | IE        |    -24624 | NS      | $-3922849.44  | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Pacira BioSciences Inc                   | Pacira BioSciences, Inc.                 | CUSIP: 695127100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -35177 | NS      | $-1358183.97  | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| CHEFS' WAREHOUSE THE                     | The Chefs' Warehouse, Inc.               | CUSIP: 163086AD3<br>LEI: 549300JYEDC8C547E980 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2511000.00   | 0.25%             | 2028-12-15      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| INTERDIGITAL INC                         | InterDigital, Inc.                       | CUSIP: 45867GAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5542000 | PA      | $5330711.25   | 0.53%             | 2024-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UPWORK INC                               | Upwork, Inc.                             | CUSIP: 91688FAB0<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $4521655.74   | 0.45%             | 2026-08-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| American Airlines Group Inc              | American Airlines Group, Inc.            | CUSIP: 02376R102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -375353 | NS      | $-4774490.16  | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| ITRON INC                                | Itron, Inc.                              | CUSIP: 465741AN6<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | DBT              | CORP              | US        |   8558000 | PA      | $7050080.40   | 0.71%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VERINT SYSTEMS INC                       | Verint Systems, Inc.                     | CUSIP: 92343XAC4<br>LEI: 549300KEQJS5FRVUCO94 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $5512500.00   | 0.55%             | 2026-04-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL VISION HOLDINGS                 | National Vision Holdings, Inc.           | CUSIP: 63845RAB3<br>LEI: 549300JHURCBLI5ROA42 | Long             | DBT              | CORP              | US        |   4205000 | PA      | $5790640.70   | 0.58%             | 2025-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GOPRO INC                                | GoPro, Inc.                              | CUSIP: 38268TAD5<br>LEI: 549300CQJMLT21SZFL16 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $5908375.33   | 0.59%             | 2025-11-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| VAREX IMAGING CORPORATIO                 | Varex Imaging Corp.                      | CUSIP: 92214XAB2<br>LEI: 549300CWYWPVCT8E9W67 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $10524600.00  | 1.06%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENVESTNET INC                            | Envestnet, Inc.                          | CUSIP: 29404KAF3<br>LEI: 549300HLWZ5OKIDM8737 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2695000.00   | 0.27%             | 2027-12-01      | Fixed         | 2.62%                 | Yes           |                  2 | On Loan: No      |
| MITEK SYSTEMS INC                        | Mitek Systems, Inc.                      | CUSIP: 606710AA9<br>LEI: 549300ABZAQ3R25XG118 | Long             | DBT              | CORP              | US        |   2478000 | PA      | $2056740.00   | 0.21%             | 2026-02-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| First American Treasury Obligations Fund | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  67644393 | NS      | $67644393.16  | 6.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Carnival Corp                            | Carnival Corp.                           | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Short            | EC               | CORP              | PA        |   -146000 | NS      | $-1176760.00  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| PERFICIENT INC                           | Perficient, Inc.                         | CUSIP: 71375UAF8<br>LEI: 549300HTBXKL2755T650 | Long             | DBT              | CORP              | US        |  11107000 | PA      | $8635692.50   | 0.87%             | 2026-11-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Confluent Inc                            | Confluent, Inc.                          | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Short            | EC               | CORP              | US        |    -18038 | NS      | $-401165.12   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| US Treasury 5 Year Note Future           | US Treasury 5 Year Note Future           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | USGSE             | US        |      -750 | NC      | $-80947266.00 | -8.12%            |  |  |  | No            |                  1 | On Loan: No      |
| INVACARE CORP                            | Invacare Corp.                           | CUSIP: 461203AQ4<br>LEI: 549300NNUTG7HCZICS76 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $1904117.24   | 0.19%             | 2026-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENPHASE ENERGY INC                       | Enphase Energy, Inc.                     | CUSIP: 29355AAK3<br>LEI: 5493008U7KIGMI59Z314 | Long             | DBT              | CORP              | US        |   9850000 | PA      | $11567840.00  | 1.16%             | 2028-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TechTarget Inc                           | TechTarget, Inc.                         | CUSIP: 87874R100<br>LEI: 529900YQA5JL2H2VMB84 | Short            | EC               | CORP              | US        |    -31300 | NS      | $-1379078.00  | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                             | Semtech Corp.                            | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Short            | EC               | CORP              | US        |   -182500 | NS      | $-5235925.00  | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| RAPID7 INC                               | Rapid7, Inc.                             | CUSIP: 753422AD6<br>LEI: 549300GNVG5D60KEYN14 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4815000.00   | 0.48%             | 2025-05-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CONFLUENT INC                            | Confluent, Inc.                          | CUSIP: 20717MAB9<br>LEI: 254900MRZ83YWUV7SN74 | Long             | DBT              | CORP              | US        |   7125000 | PA      | $5415000.00   | 0.54%             | 2027-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Patrick Industries Inc                   | Patrick Industries, Inc.                 | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Short            | EC               | CORP              | US        |    -41260 | NS      | $-2500356.00  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Q2 HOLDINGS INC                          | Q2 Holdings, Inc.                        | CUSIP: 74736LAF6<br>LEI: 549300M9RKR9DZXWS696 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $3726450.00   | 0.37%             | 2025-11-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Alphatec Holdings Inc                    | Alphatec Holdings, Inc.                  | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Short            | EC               | CORP              | US        |   -233000 | NS      | $-2877550.00  | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| FIVERR INTERNATIONAL LTD                 | Fiverr International, Ltd.               | CUSIP: 33835LAA3<br>LEI: 549300Z8OREY6THCPF67 | Long             | DBT              | CORP              | IL        |   6000000 | PA      | $4898594.88   | 0.49%             | 2025-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mitek Systems Inc                        | Mitek Systems, Inc.                      | CUSIP: 606710200<br>LEI: 549300ABZAQ3R25XG118 | Short            | EC               | CORP              | US        |    -57000 | NS      | $-552330.00   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Wolfspeed Inc                            | Wolfspeed, Inc.                          | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Short            | EC               | CORP              | US        |    -40028 | NS      | $-2763533.12  | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories Inc                 | Silicon Laboratories, Inc.               | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Short            | EC               | CORP              | US        |    -39628 | NS      | $-5376330.76  | -0.54%            |  |  |  | No            |                  1 | On Loan: No      |
| GREENBRIER COS INC                       | The Greenbrier Cos., Inc.                | CUSIP: 393657AM3<br>LEI: 5493001GAGGFR30BP390 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $9751500.00   | 0.98%             | 2028-04-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Inotiv Inc                               | Inotiv, Inc.                             | CUSIP: 45783Q100<br>LEI: 549300FH5Z13X0Q5SK81 | Short            | EC               | CORP              | US        |    -88200 | NS      | $-435708.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Q2 HOLDINGS INC                          | Q2 Holdings, Inc.                        | CUSIP: 74736LAD1<br>LEI: 549300M9RKR9DZXWS696 | Long             | DBT              | CORP              | US        |   7338000 | PA      | $6075864.00   | 0.61%             | 2026-06-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| PEABODY ENERGY CORP                      | Peabody Energy Corp.                     | CUSIP: 704551AC4<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $14161500.00  | 1.42%             | 2028-03-01      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Veeco Instruments Inc                    | Veeco Instruments, Inc.                  | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Short            | EC               | CORP              | US        |   -187900 | NS      | $-3491182.00  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Travere Therapeutics Inc                 | Travere Therapeutics, Inc.               | CUSIP: 89422G107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -117655 | NS      | $-2474284.65  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| AIRBNB INC                               | Airbnb, Inc.                             | CUSIP: 009066AB7<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4127500.00   | 0.41%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lumentum Holdings Inc                    | Lumentum Holdings, Inc.                  | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Short            | EC               | CORP              | US        |    -53415 | NS      | $-2786660.55  | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Absolute Convertible Opportuni           | Absolute Convertible Opportunities Fund  | CUSIP: 34985D109<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1505720 | NS      | $15252944.78  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| 1Life Healthcare Inc                     | 1Life Healthcare, Inc.                   | CUSIP: 68269G107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -24500 | NS      | $-409395.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| WAYFAIR INC                              | Wayfair, Inc.                            | CUSIP: 94419LAN1<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $3453750.00   | 0.35%             | 2027-09-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Mesa Laboratories Inc                    | Mesa Laboratories, Inc.                  | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Short            | EC               | CORP              | US        |    -14400 | NS      | $-2393424.00  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| FIVE9 INC                                | Five9, Inc.                              | CUSIP: 338307AD3<br>LEI: 254900MXP6EWY0SFFR59 | Long             | DBT              | CORP              | US        |   9075000 | PA      | $8335387.50   | 0.84%             | 2025-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Novocure Ltd                             | Novocure, Ltd.                           | CUSIP: G6674U108<br>LEI: 213800YPP55UMHWA4826 | Short            | EC               | CORP              | JE        |     -6300 | NS      | $-462105.00   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| ASSERTIO HOLDINGS INC                    | Assertio Holdings, Inc.                  | CUSIP: 04546CAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $5221826.52   | 0.52%             | 2027-09-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NUVASIVE INC                             | NuVasive, Inc.                           | CUSIP: 670704AJ4<br>LEI: 549300C5ZB4NZ6TWM881 | Long             | DBT              | CORP              | US        |   4882000 | PA      | $4288837.00   | 0.43%             | 2025-03-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Five9 Inc                                | Five9, Inc.                              | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Short            | EC               | CORP              | US        |    -22183 | NS      | $-1505338.38  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group I           | Helix Energy Solutions Group, Inc.       | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Short            | EC               | CORP              | US        |   -698185 | NS      | $-5152605.30  | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp                   | Progress Software Corp.                  | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Short            | EC               | CORP              | US        |   -103700 | NS      | $-5231665.00  | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Penn Entertainment Inc                   | Penn Entertainment, Inc.                 | CUSIP: 707569109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -35000 | NS      | $-1039500.00  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc                                  | Box, Inc.                                | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Short            | EC               | CORP              | US        |   -274668 | NS      | $-8550414.84  | -0.86%            |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                        | MP Materials Corp.                       | CUSIP: 553368101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -82553 | NS      | $-2004386.84  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Bandwidth Inc                            | Bandwidth, Inc.                          | CUSIP: 05988J103<br>LEI: 549300QC70JB7MUGXM66 | Short            | EC               | CORP              | US        |    -22164 | NS      | $-508663.80   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| PACIRA PHARMACEUTICALS                   | Pacira BioSciences, Inc.                 | CUSIP: 695127AF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4528125.00   | 0.45%             | 2025-08-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ALTAIR ENGINEERING INC                   | Altair Engineering, Inc.                 | CUSIP: 021369AB9<br>LEI: 549300FJ89HZ6GU9S994 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7344000.00   | 0.74%             | 2027-06-15      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| CAMTEK LTD/ISRAEL                        | Camtek, Ltd./Israel                      | CUSIP: 13469VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IL        |   8160000 | PA      | $6205680.00   | 0.62%             | 2026-12-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| LANTHEUS HOLDINGS INC                    | Lantheus Holdings, Inc.                  | CUSIP: 516544AA1<br>LEI: 5299005HUB5IOJGO7S39 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6577350.00   | 0.66%             | 2027-12-15      | Fixed         | 2.62%                 | Yes           |                  2 | On Loan: No      |
| INDIE SEMICONDUCTOR INC                  | indie Semiconductor, Inc.                | CUSIP: 45569UAA9<br>LEI: 254900L1MFXFYGB1PV53 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2101625.00   | 0.21%             | 2027-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BOX INC                                  | Box, Inc.                                | CUSIP: 10316TAB0<br>LEI: 549300KQUCPD8687YS68 | Long             | DBT              | CORP              | US        |   9348000 | PA      | $12306642.00  | 1.23%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Exact Sciences Corp                      | Exact Sciences Corp.                     | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Short            | EC               | CORP              | US        |    -17050 | NS      | $-844145.50   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| WORKIVA INC                              | Workiva, Inc.                            | CUSIP: 98139AAB1<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | DBT              | CORP              | US        |   9425000 | PA      | $11668150.00  | 1.17%             | 2026-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Granite Construction Inc                 | Granite Construction, Inc.               | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Short            | EC               | CORP              | US        |   -158728 | NS      | $-5566590.96  | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| LUMINAR TECHNOLOGIES INC                 | Luminar Technologies, Inc.               | CUSIP: 550424AA3<br>LEI: 549300AVGXLDWYMI4298 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $5096700.00   | 0.51%             | 2026-12-15      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Sunnova Energy International I           | Sunnova Energy International, Inc.       | CUSIP: 86745K104<br>LEI: 549300JK1Y1VVC3JU540 | Short            | EC               | CORP              | US        |    -71600 | NS      | $-1289516.00  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| PROS HOLDINGS INC                        | PROS Holdings, Inc.                      | CUSIP: 74346YAG8<br>LEI: 549300LPE1KNL5RWKQ48 | Long             | DBT              | CORP              | US        |   8360000 | PA      | $7369340.00   | 0.74%             | 2027-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Chart Industries Inc                     | Chart Industries, Inc.                   | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Short            | EC               | CORP              | US        |    -20800 | NS      | $-2396784.00  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Perficient Inc                           | Perficient, Inc.                         | CUSIP: 71375U101<br>LEI: 549300HTBXKL2755T650 | Short            | EC               | CORP              | US        |    -22297 | NS      | $-1556999.51  | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The                        | The Middleby Corp.                       | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Short            | EC               | CORP              | US        |    -35900 | NS      | $-4807010.00  | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| TRAVERE THERAPEUTICS INC                 | Travere Therapeutics, Inc.               | CUSIP: 89422GAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3660000.00   | 0.37%             | 2029-03-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BANDWIDTH INC                            | Bandwidth, Inc.                          | CUSIP: 05988JAD5<br>LEI: 549300QC70JB7MUGXM66 | Long             | DBT              | CORP              | US        |   7240000 | PA      | $4574956.00   | 0.46%             | 2028-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Verint Systems Inc                       | Verint Systems, Inc.                     | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Short            | EC               | CORP              | US        |    -42900 | NS      | $-1556412.00  | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc                      | MGP Ingredients, Inc.                    | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Short            | EC               | CORP              | US        |    -87182 | NS      | $-9274421.16  | -0.93%            |  |  |  | No            |                  1 | On Loan: No      |
| SMART Global Holdings Inc                | SMART Global Holdings, Inc.              | CUSIP: G8232Y101<br>LEI: 529900RDGHQY8XKXPN14 | Short            | EC               | CORP              | KY        |   -312862 | NS      | $-4655386.56  | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| TRAVERE THERAPEUTICS INC                 | Travere Therapeutics, Inc.               | CUSIP: 761299AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2035000 | PA      | $1878508.50   | 0.19%             | 2025-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Gossamer Bio Inc                         | Gossamer Bio, Inc.                       | CUSIP: 38341P102<br>LEI: 549300ZOC0N2W6PSFR58 | Short            | EC               | CORP              | US        |   -154500 | NS      | $-335265.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| COUPA SOFTWARE INC                       | Coupa Software, Inc.                     | CUSIP: 22266LAF3<br>LEI: 549300Q95ICR2GFL2K37 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6765500.00   | 0.68%             | 2026-06-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| INTERDIGITAL INC                         | InterDigital, Inc.                       | CUSIP: 45867GAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3325000.00   | 0.33%             | 2027-06-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Cutera Inc                               | Cutera, Inc.                             | CUSIP: 232109108<br>LEI: 529900NPKPEWJWR21Z42 | Short            | EC               | CORP              | US        |   -141900 | NS      | $-6274818.00  | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc                   | Ormat Technologies, Inc.                 | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Short            | EC               | CORP              | US        |    -90592 | NS      | $-7834396.16  | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                    | Lantheus Holdings, Inc.                  | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Short            | EC               | CORP              | US        |    -50700 | NS      | $-2583672.00  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| GRANITE CONSTRUCTION INC                 | Granite Construction, Inc.               | CUSIP: 387328AB3<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $10331325.00  | 1.04%             | 2024-11-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CHEGG INC                                | Chegg, Inc.                              | CUSIP: 163092AF6<br>LEI: 549300AKX7O8JG0O3G77 | Long             | DBT              | CORP              | US        |   6814000 | PA      | $5413041.60   | 0.54%             | 2026-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MGP INGREDIENTS INC                      | MGP Ingredients, Inc.                    | CUSIP: 55303JAB2<br>LEI: 2549006OMHFVZ4MS8538 | Long             | DBT              | CORP              | US        |  10680000 | PA      | $13497384.00  | 1.35%             | 2041-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BENTLEY SYSTEMS                          | Bentley Systems, Inc.                    | CUSIP: 08265TAD1<br>LEI: 549300WVEHPGE0Z56F71 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8190000.00   | 0.82%             | 2027-07-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| VIRGIN GALACTIC HOLDINGS                 | Virgin Galactic Holdings, Inc.           | CUSIP: 92766KAA4<br>LEI: 549300C631IMXCSMN048 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $2697000.00   | 0.27%             | 2027-02-01      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| IMAX Corp                                | IMAX Corp.                               | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Short            | EC               | CORP              | CA        |   -151094 | NS      | $-2215038.04  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                       | FTI Consulting, Inc.                     | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Short            | EC               | CORP              | US        |    -46423 | NS      | $-7371972.40  | -0.74%            |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                               | Impinj, Inc.                             | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Short            | EC               | CORP              | US        |    -34200 | NS      | $-3733956.00  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| PROS Holdings Inc                        | PROS Holdings, Inc.                      | CUSIP: 74346Y103<br>LEI: 549300LPE1KNL5RWKQ48 | Short            | EC               | CORP              | US        |   -125200 | NS      | $-3037352.00  | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| INFINERA CORP                            | Infinera Corp.                           | CUSIP: 45667GAE3<br>LEI: 549300ZOF66WPV3H0H17 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $11176856.30  | 1.12%             | 2027-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Lucid Group Inc                          | Lucid Group, Inc.                        | CUSIP: 549498103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -50938 | NS      | $-347906.54   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| TECHTARGET INC                           | TechTarget, Inc.                         | CUSIP: 87874RAC4<br>LEI: 529900YQA5JL2H2VMB84 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $7305500.00   | 0.73%             | 2026-12-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Bentley Systems Inc                      | Bentley Systems, Inc.                    | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Short            | EC               | CORP              | US        |    -51210 | NS      | $-1892721.60  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| CryoPort Inc                             | CryoPort, Inc.                           | CUSIP: 229050307<br>LEI: 9845004D8538BT8JF626 | Short            | EC               | CORP              | US        |    -19924 | NS      | $-345681.40   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                         | InterDigital, Inc.                       | CUSIP: 45867G101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -29237 | NS      | $-1446646.76  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Virgin Galactic Holdings Inc             | Virgin Galactic Holdings, Inc.           | CUSIP: 92766K106<br>LEI: 549300C631IMXCSMN048 | Short            | EC               | CORP              | US        |   -351822 | NS      | $-1224340.56  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| CRACKER BARREL OLD COUNT                 | Cracker Barrel Old Country Store, Inc.   | CUSIP: 22410JAB2<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | DBT              | CORP              | US        |   5750000 | PA      | $4937812.50   | 0.50%             | 2026-06-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| JAZZ INVESTMENTS I LTD                   | Jazz Investments I, Ltd.                 | CUSIP: 472145AF8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5500000 | PA      | $6565625.00   | 0.66%             | 2026-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC                            | Wolfspeed, Inc.                          | CUSIP: 977852AA0<br>LEI: 549300OGU88P3AW3TO93 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4335000.00   | 0.43%             | 2028-02-15      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| American Eagle Outfitters Inc            | American Eagle Outfitters, Inc.          | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Short            | EC               | CORP              | US        |   -229500 | NS      | $-3203820.00  | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| 1LIFE HEALTHCARE INC                     | 1Life Healthcare, Inc.                   | CUSIP: 68269GAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2907000.00   | 0.29%             | 2025-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Accuray Inc                              | Accuray, Inc.                            | CUSIP: 004397105<br>LEI: 549300G28LY4TZKZJG51 | Short            | EC               | CORP              | US        |   -533000 | NS      | $-1113970.00  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| GREEN PLAINS INC                         | Green Plains, Inc.                       | CUSIP: 393222AK0<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $10791000.00  | 1.08%             | 2027-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Evolent Health Inc                       | Evolent Health, Inc.                     | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Short            | EC               | CORP              | US        |    -75000 | NS      | $-2106000.00  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| ACCURAY INC                              | Accuray, Inc.                            | CUSIP: 004397AK1<br>LEI: 549300G28LY4TZKZJG51 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $6648653.92   | 0.67%             | 2026-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MannKind Corp                            | MannKind Corp.                           | CUSIP: 56400P706<br>LEI: 213800GFBCNY1ZFST722 | Short            | EC               | CORP              | US        |  -1207000 | NS      | $-6360890.00  | -0.64%            |  |  |  | No            |                  1 | On Loan: No      |
| GOSSAMER BIO INC                         | Gossamer Bio, Inc.                       | CUSIP: 38341PAA0<br>LEI: 549300ZOC0N2W6PSFR58 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $1019025.00   | 0.10%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REDFIN CORP                              | Redfin Corp.                             | CUSIP: 75737FAE8<br>LEI: 549300HXWD3JEMZU3O57 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $924000.00    | 0.09%             | 2027-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| PALO ALTO NETWORKS                       | Palo Alto Networks, Inc.                 | CUSIP: 697435AF2<br>LEI: 549300QXR2YVZV231H43 | Long             | DBT              | CORP              | US        |   5100000 | PA      | $7555650.00   | 0.76%             | 2025-06-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Bridgebio Pharma Inc                     | Bridgebio Pharma, Inc.                   | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Short            | EC               | CORP              | US        |    -41600 | NS      | $-316992.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS IN                 | Halozyme Therapeutics, Inc.              | CUSIP: 40637HAE9<br>LEI: 529900242I3SV9AGM753 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $8873437.50   | 0.89%             | 2028-08-15      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| IMPINJ INC                               | Impinj, Inc.                             | CUSIP: 453204AD1<br>LEI: 549300M26VGKSMMWWN17 | Long             | DBT              | CORP              | US        |   5070000 | PA      | $6109350.00   | 0.61%             | 2027-05-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Q2 Holdings Inc                          | Q2 Holdings, Inc.                        | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Short            | EC               | CORP              | US        |    -37299 | NS      | $-1002224.13  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| GUIDEWIRE SOFTWARE INC                   | Guidewire Software, Inc.                 | CUSIP: 40171VAA8<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5117750.00   | 0.51%             | 2025-03-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| XOMETRY INC                              | Xometry, Inc.                            | CUSIP: 98423FAA7<br>LEI: 5493006JFRGU7YRRXE44 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $8071138.73   | 0.81%             | 2027-02-01      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Enphase Energy Inc                       | Enphase Energy, Inc.                     | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Short            | EC               | CORP              | US        |    -26686 | NS      | $-7070722.56  | -0.71%            |  |  |  | No            |                  1 | On Loan: No      |
| VERITONE INC                             | Veritone, Inc.                           | CUSIP: 92347MAB6<br>LEI: 549300XTAS2FCSL4EL89 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $3948750.00   | 0.40%             | 2026-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Envestnet Inc                            | Envestnet, Inc.                          | CUSIP: 29404K106<br>LEI: 549300HLWZ5OKIDM8737 | Short            | EC               | CORP              | US        |    -40133 | NS      | $-2476206.10  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                               | Insmed, Inc.                             | CUSIP: 457669307<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -183200 | NS      | $-3660336.00  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Kaman Corp                               | Kaman Corp.                              | CUSIP: 483548103<br>LEI: 5493003YK076OLTEQF95 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-66900.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                               | Upwork, Inc.                             | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Short            | EC               | CORP              | US        |    -20304 | NS      | $-211973.76   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| SPIRIT AIRLINES INC                      | Spirit Airlines, Inc.                    | CUSIP: 848577AA0<br>LEI: 549300DCAFIXFNFR3304 | Long             | DBT              | CORP              | US        |    648000 | PA      | $1143161.67   | 0.11%             | 2025-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Altair Engineering Inc                   | Altair Engineering, Inc.                 | CUSIP: 021369103<br>LEI: 549300FJ89HZ6GU9S994 | Short            | EC               | CORP              | US        |    -59440 | NS      | $-2702736.80  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| BANDWIDTH INC                            | Bandwidth, Inc.                          | CUSIP: 05988JAB9<br>LEI: 549300QC70JB7MUGXM66 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2276400.00   | 0.23%             | 2026-03-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| MESA LABORATORIES INC                    | Mesa Laboratories, Inc.                  | CUSIP: 59064RAA7<br>LEI: 549300ZCG738WLX8ZW79 | Long             | DBT              | CORP              | US        |   9982000 | PA      | $9013746.00   | 0.90%             | 2025-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Oil States International Inc             | Oil States International, Inc.           | CUSIP: 678026105<br>LEI: 5493004TF4KQJGMYL777 | Short            | EC               | CORP              | US        |   -422548 | NS      | $-3152208.08  | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| SEMTECH CORP                             | Semtech Corp.                            | CUSIP: 816850AE1<br>LEI: 549300J7WUY317SW6O61 | Long             | DBT              | CORP              | US        |   9850000 | PA      | $10120875.00  | 1.01%             | 2027-11-01      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| Xometry Inc                              | Xometry, Inc.                            | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Short            | EC               | CORP              | US        |   -116200 | NS      | $-3745126.00  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                      | Ascendis Pharma A/S                      | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Short            | EC               | CORP              | DK        |    -21500 | NS      | $-2625795.00  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| ENVESTNET INC                            | Envestnet, Inc.                          | CUSIP: 29404KAE6<br>LEI: 549300HLWZ5OKIDM8737 | Long             | DBT              | CORP              | US        |   7186000 | PA      | $6521295.00   | 0.65%             | 2025-08-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| TOPGOLF CALL BRAN CORP                   | Topgolf Callaway Brands Corp.            | CUSIP: 131193AE4<br>LEI: 5493005UB0KFRKBPCU72 | Long             | DBT              | CORP              | US        |   7697000 | PA      | $10049395.63  | 1.01%             | 2026-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| STRIDE INC                               | Stride, Inc.                             | CUSIP: 86333MAA6<br>LEI: 254900BRWS3AFONWU277 | Long             | DBT              | CORP              | US        |   7715000 | PA      | $6909554.00   | 0.69%             | 2027-09-01      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Century Aluminum Co                      | Century Aluminum Co.                     | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Short            | EC               | CORP              | US        |   -146800 | NS      | $-1200824.00  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| GoPro Inc                                | GoPro, Inc.                              | CUSIP: 38268T103<br>LEI: 549300CQJMLT21SZFL16 | Short            | EC               | CORP              | US        |   -299000 | NS      | $-1489020.00  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| SmileDirectClub Inc                      | SmileDirectClub, Inc.                    | CUSIP: 83192H106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -76000 | NS      | $-26767.20    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Porch Group Inc                          | Porch Group, Inc.                        | CUSIP: 733245104<br>LEI: 549300NXEI7CVW8IXQ90 | Short            | EC               | CORP              | US        |    -58000 | NS      | $-109040.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos Inc/The                   | The Greenbrier Cos., Inc.                | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Short            | EC               | CORP              | US        |   -113936 | NS      | $-3820274.08  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| EVENTBRITE INC                           | Eventbrite, Inc.                         | CUSIP: 29975EAB5<br>LEI: 549300N6XBV2B1FAUF55 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1381950.00   | 0.14%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Redfin Corp                              | Redfin Corp.                             | CUSIP: 75737F108<br>LEI: 549300HXWD3JEMZU3O57 | Short            | EC               | CORP              | US        |    -18350 | NS      | $-77804.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEBIO PHARMA INC                     | Bridgebio Pharma, Inc.                   | CUSIP: 10806XAB8<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $450000.00    | 0.05%             | 2027-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Camtek Ltd/Israel                        | Camtek, Ltd./Israel                      | CUSIP: M20791105<br>LEI: N/A                  | Short            | EC               | CORP              | IL        |    -60034 | NS      | $-1318346.64  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil and Gas Inc                 | Northern Oil and Gas, Inc.               | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Short            | EC               | CORP              | US        |   -158828 | NS      | $-4895078.96  | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| CONMED Corp                              | CONMED Corp.                             | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Short            | EC               | CORP              | US        |    -58917 | NS      | $-5222402.88  | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                             | Omnicell, Inc.                           | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Short            | EC               | CORP              | US        |    -32583 | NS      | $-1642834.86  | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| SILICON LABORATORIES INC                 | Silicon Laboratories, Inc.               | CUSIP: 826919AD4<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | DBT              | CORP              | US        |   6943000 | PA      | $8709299.20   | 0.87%             | 2025-06-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| PETIQ INC                                | PetIQ, Inc.                              | CUSIP: 71639TAB2<br>LEI: 549300GROACFGKVYOX14 | Long             | DBT              | CORP              | US        |   7826000 | PA      | $6534710.00   | 0.66%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DigitalOcean Holdings Inc                | DigitalOcean Holdings, Inc.              | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Short            | EC               | CORP              | US        |    -10854 | NS      | $-276451.38   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Cracker Barrel Old Country Sto           | Cracker Barrel Old Country Store, Inc.   | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Short            | EC               | CORP              | US        |    -15086 | NS      | $-1429247.64  | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                           | SSR Mining, Inc.                         | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Short            | EC               | CORP              | CA        |   -282000 | NS      | $-4418940.00  | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| LIVEPERSON INC                           | LivePerson, Inc.                         | CUSIP: 538146AD3<br>LEI: 549300IN2P1JZ20G7N40 | Long             | DBT              | CORP              | US        |   5797000 | PA      | $4162825.70   | 0.42%             | 2026-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITY SOFTWARE INC                       | Unity Software, Inc.                     | CUSIP: 91332UAB7<br>LEI: 549300D1ESJMGNQNG432 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $3767500.00   | 0.38%             | 2026-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Assertio Holdings Inc                    | Assertio Holdings, Inc.                  | CUSIP: 04546C205<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -708000 | NS      | $-3044400.00  | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| INSMED INC                               | Insmed, Inc.                             | CUSIP: 457669AB5<br>LEI: 529900Q55QAG41CCAC11 | Long             | DBT              | CORP              | US        |   8425000 | PA      | $6992750.00   | 0.70%             | 2028-06-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| MAGNITE INC                              | Magnite, Inc.                            | CUSIP: 55955DAB6<br>LEI: 54930018FR2YX1HHSB02 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $5082350.00   | 0.51%             | 2026-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Luminar Technologies Inc                 | Luminar Technologies, Inc.               | CUSIP: 550424105<br>LEI: 549300AVGXLDWYMI4298 | Short            | EC               | CORP              | US        |   -237399 | NS      | $-1175125.05  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Chegg Inc                                | Chegg, Inc.                              | CUSIP: 163092109<br>LEI: 549300AKX7O8JG0O3G77 | Short            | EC               | CORP              | US        |    -12794 | NS      | $-323304.38   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| SMART GLOBAL HOLDINGS IN                 | SMART Global Holdings, Inc.              | CUSIP: 83205YAB0<br>LEI: 529900RDGHQY8XKXPN14 | Long             | DBT              | CORP              | KY        |   9903000 | PA      | $10008219.38  | 1.00%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                               | Kaman Corp.                              | CUSIP: 483548AF0<br>LEI: 5493003YK076OLTEQF95 | Long             | DBT              | CORP              | US        |   1608000 | PA      | $1502676.00   | 0.15%             | 2024-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Guidewire Software Inc                   | Guidewire Software, Inc.                 | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Short            | EC               | CORP              | US        |    -14617 | NS      | $-914439.52   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| IRONWOOD PHARMACEUTICALS                 | Ironwood Pharmaceuticals, Inc.           | CUSIP: 46333XAF5<br>LEI: 549300PC8MR6QHH6P296 | Long             | DBT              | CORP              | US        |   5416000 | PA      | $5839125.00   | 0.59%             | 2024-06-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                      | NCL Corp., Ltd.                          | CUSIP: 62886HBD2<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   5150000 | PA      | $3521570.00   | 0.35%             | 2027-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| FASTLY INC                               | Fastly, Inc.                             | CUSIP: 31188VAB6<br>LEI: 549300E2FZC83FJ3H565 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $5840000.00   | 0.59%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fisker Inc                               | Fisker, Inc.                             | CUSIP: 33813J106<br>LEI: 549300UUN5RWU44MBX79 | Short            | EC               | CORP              | US        |   -163805 | NS      | $-1190862.35  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| SSR MINING INC                           | SSR Mining, Inc.                         | CUSIP: 784730AB9<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | DBT              | CORP              | CA        |   8034000 | PA      | $9018165.00   | 0.90%             | 2039-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JOHN BEAN TECHNOLOGIES C                 | John Bean Technologies Corp.             | CUSIP: 477839AB0<br>LEI: 5493007CT6ATBZ2L6826 | Long             | DBT              | CORP              | US        |   6139000 | PA      | $5301026.50   | 0.53%             | 2026-05-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Tabula Rasa HealthCare Inc               | Tabula Rasa HealthCare, Inc.             | CUSIP: 873379101<br>LEI: 549300K6KY242XRMEF28 | Short            | EC               | CORP              | US        |    -11570 | NS      | $-57271.50    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN AIRLINES GROUP                  | American Airlines Group, Inc.            | CUSIP: 02376RAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8245000 | PA      | $8731455.00   | 0.88%             | 2025-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MANNKIND CORP                            | MannKind Corp.                           | CUSIP: 56400PAQ5<br>LEI: 213800GFBCNY1ZFST722 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $10750500.00  | 1.08%             | 2026-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                      | NCL Corp., Ltd.                          | CUSIP: 62886HBJ9<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $900000.00    | 0.09%             | 2027-02-15      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Norwegian Cruise Line Holdings           | Norwegian Cruise Line Holdings, Ltd.     | CUSIP: G66721104<br>LEI: N/A                  | Short            | EC               | CORP              | BM        |   -108700 | NS      | $-1330488.00  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN OIL AND GAS INC                 | Northern Oil and Gas, Inc.               | CUSIP: 665531AH2<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $9180000.00   | 0.92%             | 2029-04-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Veritone Inc                             | Veritone, Inc.                           | CUSIP: 92347M100<br>LEI: 549300XTAS2FCSL4EL89 | Short            | EC               | CORP              | US        |    -76133 | NS      | $-403504.90   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP INC                               | EZCORP, Inc.                             | CUSIP: 302301AG1<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $972500.00    | 0.10%             | 2029-12-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Artivion Inc                             | Artivion, Inc.                           | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Short            | EC               | CORP              | US        |   -218000 | NS      | $-2642160.00  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX INC                              | Dropbox, Inc.                            | CUSIP: 26210CAC8<br>LEI: 549300JCDF7UAR6TJR51 | Long             | DBT              | CORP              | US        |   9250000 | PA      | $8399000.00   | 0.84%             | 2026-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EXACT SCIENCES CORP                      | Exact Sciences Corp.                     | CUSIP: 30063PAB1<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | DBT              | CORP              | US        |   4095000 | PA      | $3398850.00   | 0.34%             | 2027-03-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC                            | Wolfspeed, Inc.                          | CUSIP: 977852AC6<br>LEI: 549300OGU88P3AW3TO93 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1811000.00   | 0.18%             | 2029-12-01      | Fixed         | 1.88%                 | Yes           |                  2 | On Loan: No      |
| LUCID GROUP INC                          | Lucid Group, Inc.                        | CUSIP: 549498AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $2577500.00   | 0.26%             | 2026-12-15      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                  | Royal Caribbean Cruises, Ltd.            | CUSIP: 780153BF8<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1000000 | PA      | $984000.00    | 0.10%             | 2023-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Alteryx Inc                              | Alteryx, Inc.                            | CUSIP: 02156B103<br>LEI: 549300XWZG0JHL7I0827 | Short            | EC               | CORP              | US        |     -7761 | NS      | $-393249.87   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Digital Ocean Holdings Inc               | Digital Ocean Holdings, Inc.             | CUSIP: 25402DAB8<br>LEI: 549300EPISPY3RE3DL21 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $5267500.00   | 0.53%             | 2026-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** Forum Funds

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer