# EDGAR Filing Document

**Accession Number:** 0001696729
**File Stem:** 0001145549-25-054633
**Filing Date:** 2025-8
**Character Count:** 467258
**Document Hash:** cf8f5db411a4e30ddcd00fedd00b382a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-054633.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001145549-25-054633

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PFM Multi-Manager Series Trust
- **CENTRAL INDEX KEY:** 0001696729

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23282
- **FILM NUMBER:** 251264078

**BUSINESS ADDRESS:**
- **STREET 1:** 213 MARKET STREET
- **CITY:** HARRISBURG
- **STATE:** PA
- **ZIP:** 17101
- **BUSINESS PHONE:** 215-567-6100

**MAIL ADDRESS:**
- **STREET 1:** 213 MARKET STREET
- **CITY:** HARRISBURG
- **STATE:** PA
- **ZIP:** 17101

## Series and Classes Contracts Data

### First American Multi-Manager Domestic Equity Fund (Series ID: S000059561)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000195098 | Institutional Class | FAEQX           |

## Nport-Ex

lti

---

| | | |
|:---|:---|:---|
| **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** |
| **Schedule of Investments (unaudited)** | **Schedule of Investments (unaudited)** | **Schedule of Investments (unaudited)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS - 24.6%** | **COMMON STOCKS - 24.6%** | |
| **COMMUNICATION SERVICES - 2.4%** | **COMMUNICATION SERVICES - 2.4%** | |
| Alphabet, Inc. - Class A | 26296 | $4634144 |
| Alphabet, Inc. - Class C | 20695 | 3671086 |
| AMC Networks, Inc. - Class A <sup>(b)</sup> | 13054 | 81849 |
| AT&T, Inc. | 32151 | 930450 |
| ATN International, Inc. | 420 | 6825 |
| Bandwidth, Inc. - Class A <sup>(b)</sup> | 4850 | 77115 |
| Charter Communications, Inc. - Class A <sup>(b)</sup> | 383 | 156574 |
| Comcast Corp. - Class A | 7712 | 275241 |
| Electronic Arts, Inc. | 2392 | 382002 |
| Eventbrite, Inc. - Class A <sup>(b)</sup> | 4207 | 11064 |
| iHeartMedia, Inc. - Class A <sup>(b)</sup> | 925 | 1628 |
| Integral Ad Science Holding Corp. <sup>(b)</sup> | 21627 | 179720 |
| John Wiley & Sons, Inc. - Class A | 1757 | 78415 |
| Liberty Latin America Ltd. - Class C <sup>(b)</sup> | 1600 | 9952 |
| Madison Square Garden Entertainment Corp. <sup>(b)</sup> | 6667 | 266480 |
| Match Group, Inc. | 1893 | 58475 |
| MediaAlpha, Inc. - Class A <sup>(b)</sup> | 10123 | 110847 |
| Meta Platforms, Inc. - Class A | 12957 | 9563432 |
| Netflix, Inc. <sup>(b)</sup> | 2110 | 2825564 |
| New York Times Co. (The) - Class A | 4401 | 246368 |
| Nextdoor Holdings, Inc. <sup>(b)</sup> | 37693 | 62570 |
| Pinterest, Inc. - Class A <sup>(b)</sup> | 3158 | 113246 |
| Playstudios, Inc. <sup>(b)</sup> | 4278 | 5604 |
| PubMatic, Inc. - Class A <sup>(b)</sup> | 12160 | 151270 |
| Roku, Inc. <sup>(b)</sup> | 1447 | 127177 |
| Scholastic Corp. | 9541 | 200170 |
| Spok Holdings, Inc. | 2539 | 44890 |
| Teads Holding Co. <sup>(b)</sup> | 4278 | 10610 |
| Travelzoo <sup>(b)</sup> | 2093 | 26644 |
| Universal Music Group NV | 19384 | 629034 |
| Walt Disney Co. | 5697 | 706485 |
| Webtoon Entertainment, Inc. <sup>(b)</sup> | 6431 | 58394 |
| Yelp, Inc. <sup>(b)</sup> | 17411 | 596675 |
| ZipRecruiter, Inc. - Class A <sup>(b)</sup> | 23272 | 116593 |
| **Total Communication Services** |  | **26416593** |
| **CONSUMER DISCRETIONARY - 2.7%** | **CONSUMER DISCRETIONARY - 2.7%** |  |
| ADT, Inc. | 13157 | 111440 |
| A-Mark Precious Metals, Inc. | 4235 | 93932 |
| Amazon.com, Inc. <sup>(b)</sup> | 45226 | 9922132 |
| American Axle & Manufacturing Holdings, Inc. <sup>(b)</sup> | 41538 | 169475 |
| BARK, Inc. <sup>(b)</sup> | 14126 | 12424 |
| Best Buy Co., Inc. | 4880 | 327594 |
| Carriage Services, Inc. | 2184 | 99896 |
| Cavco Industries, Inc. <sup>(b)</sup> | 1297 | 563456 |
| Cooper-Standard Holdings, Inc. <sup>(b)</sup> | 4005 | 86107 |
| Cricut, Inc. - Class A | 8639 | 58486 |
| Dana, Inc. | 31374 | 538064 |
| eBay, Inc. | 4401 | 327698 |
| Ethan Allen Interiors, Inc. | 4628 | 128890 |
| Figs, Inc. - Class A <sup>(b)</sup> | 24081 | 135817 |
| Flexsteel Industries, Inc. | 653 | 23528 |
| Floor & Decor Holdings, Inc. - Class A <sup>(b)</sup> | 595 | 45196 |
| Funko, Inc. - Class A <sup>(b)</sup> | 15132 | 72028 |
| General Motors Co. | 31181 | 1534417 |
| Genesco, Inc. <sup>(b)</sup> | 3185 | 62713 |
| GoPro, Inc. - Class A <sup>(b)</sup> | 11205 | 8486 |
| Graham Holdings Co. - Class B | 192 | 181665 |
| Haverty Furniture Cos., Inc. | 4490 | 91372 |

---

---

| | | |
|:---|:---|:---|
| **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** | |
| **COMMUNICATION SERVICES (continued)** | **COMMUNICATION SERVICES (continued)** | |
| Helen of Troy Ltd. <sup>(b)</sup> | 2257 | $64054 |
| Hilton Worldwide Holdings, Inc. | 2774 | 738827 |
| Home Depot, Inc. (The) | 6372 | 2336230 |
| iRobot Corp. <sup>(b)</sup> | 13274 | 41548 |
| Johnson Outdoors, Inc. - Class A | 1102 | 33358 |
| KB Home | 8908 | 471857 |
| Lands' End, Inc. <sup>(b)</sup> | 1365 | 14619 |
| La-Z-Boy, Inc. | 6116 | 227332 |
| LKQ Corp. | 6448 | 238640 |
| Lowe's Cos., Inc. | 5071 | 1125103 |
| Lululemon Athletica, Inc. <sup>(b)</sup> | 799 | 189826 |
| Marriott International, Inc./MD - Class A | 6052 | 1653467 |
| McDonald's Corp. | 2201 | 643066 |
| Meritage Homes Corp. | 2570 | 172113 |
| Monarch Casino & Resort, Inc. | 2070 | 178931 |
| Movado Group, Inc. | 4521 | 68945 |
| O'Reilly Automotive, Inc. <sup>(b)</sup> | 19020 | 1714273 |
| Phinia, Inc. | 8672 | 385817 |
| PulteGroup, Inc. | 6918 | 729572 |
| Shoe Carnival, Inc. | 3655 | 68385 |
| Sleep Number Corp. <sup>(b)</sup> | 14556 | 98326 |
| Sonos, Inc. <sup>(b)</sup> | 42852 | 463230 |
| Stitch Fix, Inc. - Class A <sup>(b)</sup> | 46388 | 171636 |
| Stoneridge, Inc. <sup>(b)</sup> | 1266 | 8913 |
| Super Group SGHC Ltd. | 3731 | 40929 |
| Superior Group of Cos., Inc. | 1285 | 13235 |
| Tesla, Inc. <sup>(b)</sup> | 5518 | 1752848 |
| Tri Pointe Homes, Inc. <sup>(b)</sup> | 19906 | 635997 |
| Udemy, Inc. <sup>(b)</sup> | 25431 | 178780 |
| Universal Electronics, Inc. <sup>(b)</sup> | 1484 | 9824 |
| Vail Resorts, Inc. | 1149 | 180542 |
| Viking Holdings Ltd. <sup>(b)</sup> | 9829 | 523787 |
| Zumiez, Inc. <sup>(b)</sup> | 6663 | 88351 |
| **Total Consumer Discretionary** |  | **29857177** |
| **CONSUMER STAPLES - 1.2%** | **CONSUMER STAPLES - 1.2%** |  |
| Andersons, Inc. (The) | 7825 | 287569 |
| Beauty Health Co. (The) <sup>(b)</sup> | 6551 | 12512 |
| Calavo Growers, Inc. | 7780 | 206870 |
| Casey's General Stores, Inc. | 574 | 292895 |
| Central Garden & Pet Co. - Class A <sup>(b)</sup> | 1456 | 45558 |
| Coca-Cola Co. (The) | 19233 | 1360735 |
| Costco Wholesale Corp. | 2961 | 2931212 |
| Coty, Inc. - Class A <sup>(b)</sup> | 9229 | 42915 |
| Darling Ingredients, Inc. <sup>(b)</sup> | 50354 | 1910431 |
| Dole PLC | 5518 | 77197 |
| Guardian Pharmacy Services, Inc. - Class A <sup>(b)</sup> | 2373 | 50569 |
| Herbalife Ltd. <sup>(b)</sup> | 43700 | 376694 |
| Hershey Co. (The) | 861 | 142883 |
| Kenvue, Inc. | 15770 | 330066 |
| Kroger Co. | 6593 | 472916 |
| Lifevantage Corp. | 2000 | 26160 |
| Maplebear, Inc. <sup>(b)</sup> | 9645 | 436340 |
| Marzetti Co. (The) | 1504 | 259846 |
| Molson Coors Beverage Co. - Class B | 8708 | 418768 |
| National Beverage Corp. <sup>(b)</sup> | 3567 | 154237 |
| Nature's Sunshine Products, Inc. <sup>(b)</sup> | 961 | 14213 |
| Pilgrim's Pride Corp. | 2486 | 111820 |
| PriceSmart, Inc. | 1001 | 105145 |

---

---

| | | |
|:---|:---|:---|
| **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **CONSUMER STAPLES (continued)** | **CONSUMER STAPLES (continued)** |  |
| Procter & Gamble Co. (The) | 5549 | $884067 |
| Target Corp. | 3830 | 377830 |
| United Natural Foods, Inc. <sup>(b)</sup> | 6207 | 144685 |
| USANA Health Sciences, Inc. <sup>(b)</sup> | 4692 | 143247 |
| Walmart, Inc. | 14271 | 1395418 |
| WD-40 Co. | 1835 | 418545 |
| **Total Consumer Staples** |  | **13431343** |
| **ENERGY - 0.6%** | **ENERGY - 0.6%** |  |
| Amplify Energy Corp. <sup>(b)</sup> | 12240 | 39168 |
| Antero Resources Corp. <sup>(b)</sup> | 47403 | 1909393 |
| Berry Corp. | 20114 | 55716 |
| Comstock Resources, Inc. <sup>(b)</sup> | 17667 | 488846 |
| ConocoPhillips | 8193 | 735240 |
| CVR Energy, Inc. | 10262 | 275535 |
| DMC Global, Inc. <sup>(b)</sup> | 1820 | 14669 |
| Excelerate Energy, Inc. - Class A | 5368 | 157390 |
| Exxon Mobil Corp. | 10458 | 1127372 |
| Granite Ridge Resources, Inc. | 9700 | 61789 |
| Gulfport Energy Corp. <sup>(b)</sup> | 2217 | 445994 |
| Halliburton Co. | 50977 | 1038911 |
| Matador Resources Co. | 546 | 26055 |
| Permian Resources Corp. | 21746 | 296181 |
| Ranger Energy Services, Inc. - Class A | 1593 | 19020 |
| Teekay Tankers Ltd. | 1524 | 63581 |
| World Kinect Corp. | 14654 | 415441 |
| **Total Energy** |  | **7170301** |
| **FINANCIALS - 4.3%** | **FINANCIALS - 4.3%** |  |
| AG Mortgage Investment Trust, Inc. | 455 | 3435 |
| American Coastal Insurance Corp. | 2093 | 23274 |
| American International Group, Inc. | 1585 | 135660 |
| Ameriprise Financial, Inc. | 7437 | 3969350 |
| AMERISAFE, Inc. | 1457 | 63715 |
| Apollo Global Management, Inc. | 11400 | 1617318 |
| Arch Capital Group Ltd. | 6369 | 579897 |
| Assured Guaranty Ltd. | 3731 | 324970 |
| Atlanticus Holdings Corp. <sup>(b)</sup> | 1311 | 71777 |
| Bank of America Corp. | 64387 | 3046793 |
| Bank of N.T. Butterfield & Son Ltd. (The) | 5042 | 223260 |
| Bank of New York Mellon Corp. (The) | 13492 | 1229256 |
| BankUnited, Inc. | 17922 | 637844 |
| BCB Bancorp, Inc. | 819 | 6896 |
| Berkshire Hathaway, Inc. - Class B <sup>(b)</sup> | 4457 | 2165077 |
| Blackrock, Inc. | 405 | 424946 |
| Bowhead Specialty Holdings, Inc. <sup>(b)</sup> | 1957 | 73446 |
| Bread Financial Holdings, Inc. | 13607 | 777232 |
| Byline Bancorp, Inc. | 3843 | 102723 |
| Capital City Bank Group, Inc. | 720 | 28332 |
| Chubb Ltd. | 8959 | 2595601 |
| Citigroup, Inc. | 16458 | 1400905 |
| Civista Bancshares, Inc. | 346 | 8027 |
| Coastal Financial Corp./WA <sup>(b)</sup> | 819 | 79337 |
| Community Trust Bancorp, Inc. | 358 | 18945 |
| Compass Diversified Holdings | 9838 | 61783 |
| Corebridge Financial, Inc. | 12638 | 448649 |
| CVB Financial Corp. | 17019 | 336806 |
| Donegal Group, Inc. - Class A | 3343 | 66944 |
| eHealth, Inc. <sup>(b)</sup> | 2982 | 12972 |

---

---

| | | |
|:---|:---|:---|
| **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **FINANCIALS (continued)** | **FINANCIALS (continued)** |  |
| Employers Holdings, Inc. | 6688 | $315540 |
| FB Financial Corp. | 3989 | 180702 |
| Fifth Third Bancorp | 6752 | 277710 |
| First BanCorp/Puerto Rico | 29385 | 612090 |
| First Financial Corp. | 1395 | 75595 |
| First Internet Bancorp | 1304 | 35078 |
| Globe Life, Inc. | 2243 | 278782 |
| Goldman Sachs Group, Inc. (The) | 2774 | 1963298 |
| Greenlight Capital Re Ltd. - Class A <sup>(b)</sup> | 910 | 13077 |
| Hanmi Financial Corp. | 1704 | 42055 |
| Heritage Insurance Holdings, Inc. <sup>(b)</sup> | 8222 | 205057 |
| Hilltop Holdings, Inc. | 12340 | 374519 |
| Hope Bancorp, Inc. | 16143 | 173214 |
| Horace Mann Educators Corp. | 3677 | 158001 |
| Independent Bank Corp./MI | 1420 | 46022 |
| Intercontinental Exchange, Inc. | 12660 | 2322730 |
| International Money Express, Inc. <sup>(b)</sup> | 7700 | 77693 |
| Jackson Financial, Inc. - Class A | 1494 | 132652 |
| Jefferies Financial Group, Inc. | 3816 | 208697 |
| JPMorgan Chase & Co. | 20113 | 5830960 |
| Kearny Financial Corp./MD | 10637 | 68715 |
| KKR & Co., Inc. | 2153 | 286414 |
| LendingTree, Inc. <sup>(b)</sup> | 5645 | 209260 |
| Live Oak Bancshares, Inc. | 4687 | 139673 |
| Marqeta, Inc. - Class A <sup>(b)</sup> | 116533 | 679387 |
| Mastercard, Inc. - Class A | 4401 | 2473098 |
| Mercantile Bank Corp. | 182 | 8447 |
| Merchants Bancorp/IN | 1395 | 46133 |
| Mercury General Corp. | 738 | 49697 |
| Midland States Bancorp, Inc. | 2029 | 35142 |
| Morgan Stanley | 2104 | 296369 |
| NBT Bancorp, Inc. | 1404 | 58336 |
| NCR Atleos Corp. <sup>(b)</sup> | 8337 | 237855 |
| NerdWallet, Inc. - Class A <sup>(b)</sup> | 11485 | 125990 |
| Northrim BanCorp, Inc. | 455 | 42433 |
| OFG Bancorp | 6796 | 290869 |
| Payoneer Global, Inc. <sup>(b)</sup> | 64722 | 443346 |
| Paysafe Ltd. <sup>(b)</sup> | 9388 | 118477 |
| Perella Weinberg Partners | 11688 | 226981 |
| PRA Group, Inc. <sup>(b)</sup> | 11222 | 165524 |
| Priority Technology Holdings, Inc. <sup>(b)</sup> | 4679 | 36403 |
| PROG Holdings, Inc. | 10253 | 300926 |
| Raymond James Financial, Inc. | 9569 | 1467598 |
| Regional Management Corp. | 922 | 26932 |
| Republic Bancorp, Inc./KY - Class A | 510 | 37286 |
| RLI Corp. | 1183 | 85436 |
| S&T Bancorp, Inc. | 4653 | 175976 |
| Safety Insurance Group, Inc. | 2252 | 178786 |
| Selective Insurance Group, Inc. | 8531 | 739211 |
| Selectquote, Inc. <sup>(b)</sup> | 9182 | 21853 |
| SiriusPoint Ltd. <sup>(b)</sup> | 3420 | 69734 |
| South Plains Financial, Inc. | 964 | 34743 |
| Starwood Property Trust, Inc. | 15980 | 320719 |
| Texas Capital Bancshares, Inc. <sup>(b)</sup> | 8993 | 714044 |
| Third Coast Bancshares, Inc. <sup>(b)</sup> | 1948 | 63641 |
| Tompkins Financial Corp. | 418 | 26221 |
| Towne Bank/Portsmouth VA | 5825 | 199098 |
| TPG, Inc. | 4593 | 240903 |
| Triumph Financial, Inc. <sup>(b)</sup> | 1191 | 65636 |
| Trustmark Corp. | 7264 | 264845 |

---

---

| | | |
|:---|:---|:---|
| **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **FINANCIALS (continued)** | **FINANCIALS (continued)** |  |
| UMB Financial Corp. | 4834 | $508343 |
| United Bankshares, Inc./WV | 8309 | 302697 |
| United Fire Group, Inc. | 4427 | 127055 |
| Universal Insurance Holdings, Inc. | 1880 | 52132 |
| Visa, Inc. - Class A | 7734 | 2745957 |
| Westamerica BanCorp | 710 | 34392 |
| **Total Financials** |  | **48701355** |
| **HEALTH CARE - 2.5%** | **HEALTH CARE - 2.5%** |  |
| 10X Genomics, Inc. - Class A <sup>(b)</sup> | 24667 | 285644 |
| AbbVie, Inc. | 5071 | 941279 |
| Accuray, Inc. <sup>(b)</sup> | 13484 | 18473 |
| Adaptive Biotechnologies Corp. <sup>(b)</sup> | 100019 | 1165221 |
| agilon health, Inc. <sup>(b)</sup> | 35700 | 82110 |
| Akebia Therapeutics, Inc. <sup>(b)</sup> | 16040 | 58386 |
| Aldeyra Therapeutics, Inc. <sup>(b)</sup> | 20036 | 76738 |
| Alector, Inc. <sup>(b)</sup> | 12427 | 17398 |
| Amgen, Inc. | 1244 | 347337 |
| AnaptysBio, Inc. <sup>(b)</sup> | 4294 | 95327 |
| Anika Therapeutics, Inc. <sup>(b)</sup> | 1568 | 16589 |
| Arcturus Therapeutics Holdings, Inc. <sup>(b)</sup> | 7351 | 95637 |
| Arcus Biosciences, Inc. <sup>(b)</sup> | 17753 | 144509 |
| Astrana Health, Inc. <sup>(b)</sup> | 7491 | 186376 |
| AstraZeneca PLC - ADR | 3731 | 260722 |
| Atea Pharmaceuticals, Inc. <sup>(b)</sup> | 5470 | 19692 |
| Aveanna Healthcare Holdings, Inc. <sup>(b)</sup> | 4460 | 23326 |
| Avita Medical, Inc. <sup>(b)</sup> | 1700 | 8993 |
| Becton Dickinson & Co. | 7507 | 1293081 |
| Bio-Rad Laboratories, Inc. - Class A <sup>(b)</sup> | 765 | 184610 |
| Biote Corp. <sup>(b)</sup> | 1575 | 6332 |
| Bio-Techne Corp. | 34778 | 1789328 |
| Boston Scientific Corp. <sup>(b)</sup> | 13693 | 1470765 |
| C4 Therapeutics, Inc. <sup>(b)</sup> | 11000 | 15730 |
| CareDx, Inc. <sup>(b)</sup> | 15449 | 301873 |
| Caris Life Sciences, Inc. <sup>(b)</sup> | 824 | 22017 |
| Cigna Group (The) | 3091 | 1021823 |
| Codexis, Inc. <sup>(b)</sup> | 16200 | 39528 |
| Corcept Therapeutics, Inc. <sup>(b)</sup> | 7133 | 523562 |
| CVS Health Corp. | 5248 | 362007 |
| Cytek Biosciences, Inc. <sup>(b)</sup> | 17292 | 58793 |
| Elevance Health, Inc. | 288 | 112020 |
| Eli Lilly & Co. | 3591 | 2799292 |
| Emergent BioSolutions, Inc. <sup>(b)</sup> | 2000 | 12760 |
| Enanta Pharmaceuticals, Inc. <sup>(b)</sup> | 5916 | 44725 |
| Entrada Therapeutics, Inc. <sup>(b)</sup> | 2868 | 19273 |
| Fulcrum Therapeutics, Inc. <sup>(b)</sup> | 1911 | 13148 |
| Gossamer Bio, Inc. <sup>(b)</sup> | 24100 | 29643 |
| GRAIL, Inc. <sup>(b)</sup> | 2687 | 138166 |
| Guardant Health, Inc. <sup>(b)</sup> | 31482 | 1638323 |
| Halozyme Therapeutics, Inc. <sup>(b)</sup> | 2116 | 110074 |
| HCA Healthcare, Inc. | 670 | 256677 |
| HealthStream, Inc. | 10433 | 288681 |
| Humana, Inc. | 740 | 180915 |
| Innoviva, Inc. <sup>(b)</sup> | 9556 | 191980 |
| Ironwood Pharmaceuticals, Inc. <sup>(b)</sup> | 10383 | 7447 |
| Johnson & Johnson | 5772 | 881673 |
| Keros Therapeutics, Inc. <sup>(b)</sup> | 9229 | 123207 |
| Kodiak Sciences, Inc. <sup>(b)</sup> | 9282 | 34622 |
| Kura Oncology, Inc. <sup>(b)</sup> | 35516 | 204927 |

---

---

| | | |
|:---|:---|:---|
| **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **HEALTH CARE (continued)** | **HEALTH CARE (continued)** |  |
| LifeStance Health Group, Inc. <sup>(b)</sup> | 35100 | $181467 |
| Ligand Pharmaceuticals, Inc. <sup>(b)</sup> | 3015 | 342745 |
| MacroGenics, Inc. <sup>(b)</sup> | 5844 | 7071 |
| MannKind Corp. <sup>(b)</sup> | 58953 | 220484 |
| McKesson Corp. | 1284 | 940890 |
| Medtronic PLC | 4183 | 364632 |
| Merck & Co., Inc. | 7751 | 613569 |
| Nektar Therapeutics <sup>(b)</sup> | 3039 | 78524 |
| OmniAb, Inc. <sup>(b)</sup> | 20794 | 36182 |
| OraSure Technologies, Inc. <sup>(b)</sup> | 19417 | 58251 |
| Orthofix Medical, Inc. <sup>(b)</sup> | 5924 | 66053 |
| Pacira BioSciences, Inc. <sup>(b)</sup> | 880 | 21032 |
| Personalis, Inc. <sup>(b)</sup> | 900 | 5904 |
| Phibro Animal Health Corp. - Class A | 8560 | 218622 |
| Prothena Corp. PLC <sup>(b)</sup> | 9031 | 54818 |
| Pulmonx Corp. <sup>(b)</sup> | 5100 | 13209 |
| Regeneron Pharmaceuticals, Inc. | 765 | 401625 |
| Rigel Pharmaceuticals, Inc. <sup>(b)</sup> | 4660 | 87282 |
| Royalty Pharma PLC - Class A | 4306 | 155145 |
| Sage Therapeutics, Inc. <sup>(b)</sup> | 11046 | 100740 |
| SIGA Technologies, Inc. | 9380 | 61158 |
| Tandem Diabetes Care, Inc. <sup>(b)</sup> | 24684 | 460110 |
| Tango Therapeutics, Inc. <sup>(b)</sup> | 6189 | 31688 |
| Tenet Healthcare Corp. <sup>(b)</sup> | 3062 | 538912 |
| Terns Pharmaceuticals, Inc. <sup>(b)</sup> | 1130 | 4215 |
| Thermo Fisher Scientific, Inc. | 4495 | 1822543 |
| Travere Therapeutics, Inc. <sup>(b)</sup> | 28344 | 419491 |
| Tyra Biosciences, Inc. <sup>(b)</sup> | 7547 | 72225 |
| UnitedHealth Group, Inc. | 2793 | 871332 |
| Varex Imaging Corp. <sup>(b)</sup> | 8419 | 72993 |
| Vertex Pharmaceuticals, Inc. <sup>(b)</sup> | 2397 | 1067144 |
| Waystar Holding Corp. <sup>(b)</sup> | 13076 | 534416 |
| Xencor, Inc. <sup>(b)</sup> | 5954 | 46798 |
| Zentalis Pharmaceuticals, Inc. <sup>(b)</sup> | 1164 | 1350 |
| Zimvie, Inc. <sup>(b)</sup> | 1736 | 16232 |
| **Total Health Care** |  | **28009611** |
| **INDUSTRIALS - 2.5%** | **INDUSTRIALS - 2.5%** |  |
| ABM Industries, Inc. | 3822 | 180437 |
| Alamo Group, Inc. | 1041 | 227334 |
| Allegiant Travel Co. <sup>(b)</sup> | 4311 | 236889 |
| AMETEK, Inc. | 12246 | 2216036 |
| ArcBest Corp. | 6652 | 512271 |
| Argan, Inc. | 454 | 100098 |
| Astec Industries, Inc. | 5817 | 242511 |
| Atmus Filtration Technologies, Inc. | 2911 | 106019 |
| Barrett Business Services, Inc. | 4015 | 167385 |
| BlueLinx Holdings, Inc. <sup>(b)</sup> | 2227 | 165644 |
| Boeing Co. (The) <sup>(b)</sup> | 3296 | 690611 |
| Boise Cascade Co. | 2776 | 241012 |
| Chart Industries, Inc. <sup>(b)</sup> | 4818 | 793284 |
| Cintas Corp. | 1053 | 234682 |
| Conduent, Inc. <sup>(b)</sup> | 26285 | 69392 |
| Covenant Logistics Group, Inc. | 2455 | 59190 |
| CRA International, Inc. | 225 | 42158 |
| Deere & Co. | 765 | 388995 |
| DNOW, Inc. <sup>(b)</sup> | 8135 | 120642 |
| EMCOR Group, Inc. | 395 | 211282 |
| Energy Recovery, Inc. <sup>(b)</sup> | 12129 | 155009 |

---

---

| | | |
|:---|:---|:---|
| **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **INDUSTRIALS (continued)** | **INDUSTRIALS (continued)** |  |
| Ennis, Inc. | 3131 | $56796 |
| FedEx Corp. | 1334 | 303232 |
| Franklin Covey Co. <sup>(b)</sup> | 2068 | 47192 |
| Franklin Electric Co., Inc. | 211 | 18935 |
| FTI Consulting, Inc. <sup>(b)</sup> | 493 | 79620 |
| General Electric Co. | 4500 | 1158255 |
| Global Industrial Co. | 2385 | 64419 |
| Healthcare Services Group, Inc. <sup>(b)</sup> | 3276 | 49238 |
| Heartland Express, Inc. | 17507 | 151260 |
| Heidrick & Struggles International, Inc. | 12543 | 573968 |
| Honeywell International, Inc. | 7710 | 1795505 |
| Hub Group, Inc. - Class A | 2166 | 72409 |
| Hyster-Yale, Inc. | 1810 | 72002 |
| IBEX Holdings Ltd. <sup>(b)</sup> | 1548 | 45047 |
| Insteel Industries, Inc. | 4580 | 170422 |
| JELD-WEN Holding, Inc. <sup>(b)</sup> | 28873 | 113182 |
| JetBlue Airways Corp. <sup>(b)</sup> | 92888 | 392916 |
| Karat Packaging, Inc. | 998 | 28104 |
| Kelly Services, Inc. - Class A | 8933 | 104605 |
| Kforce, Inc. | 3600 | 148068 |
| Korn Ferry | 9083 | 666056 |
| Legalzoom.com, Inc. <sup>(b)</sup> | 43332 | 386088 |
| Lennox International, Inc. | 419 | 240188 |
| Leonardo DRS, Inc. | 9646 | 448346 |
| Lyft, Inc. - Class A <sup>(b)</sup> | 23780 | 374773 |
| Matrix Service Co. <sup>(b)</sup> | 5051 | 68239 |
| Mayville Engineering Co., Inc. <sup>(b)</sup> | 2597 | 41448 |
| Miller Industries, Inc./TN | 2182 | 97012 |
| Mistras Group, Inc. <sup>(b)</sup> | 1798 | 14402 |
| Mueller Industries, Inc. | 865 | 68742 |
| MYR Group, Inc. <sup>(b)</sup> | 4620 | 838299 |
| Norfolk Southern Corp. | 7224 | 1849127 |
| Northrop Grumman Corp. | 765 | 382485 |
| NPK International, Inc. <sup>(b)</sup> | 12833 | 109209 |
| Orion Group Holdings, Inc. <sup>(b)</sup> | 5734 | 52007 |
| Otis Worldwide Corp. | 14313 | 1417273 |
| Powell Industries, Inc. | 2215 | 466147 |
| Primoris Services Corp. | 2093 | 163128 |
| Radiant Logistics, Inc. <sup>(b)</sup> | 1638 | 9959 |
| Resources Connection, Inc. | 7079 | 38014 |
| RTX Corp. | 2967 | 433241 |
| Ryder System, Inc. | 500 | 79500 |
| Shyft Group, Inc. (The) | 7407 | 92884 |
| Skillsoft Corp. <sup>(b)</sup> | 424 | 6771 |
| SkyWest, Inc. <sup>(b)</sup> | 5151 | 530398 |
| Snap-on, Inc. | 574 | 178617 |
| Southwest Airlines Co. | 24878 | 807042 |
| Steelcase, Inc. - Class A | 4187 | 43670 |
| Trane Technologies PLC | 5890 | 2576345 |
| TriNet Group, Inc. | 7237 | 529314 |
| TrueBlue, Inc. <sup>(b)</sup> | 5725 | 37098 |
| Tutor Perini Corp. <sup>(b)</sup> | 13488 | 630969 |
| Union Pacific Corp. | 4785 | 1100933 |
| United Rentals, Inc. | 826 | 622308 |
| Virco Mfg. Corp. | 1547 | 12345 |
| Wabash National Corp. | 17095 | 181720 |
| Werner Enterprises, Inc. | 7378 | 201862 |
| Worthington Enterprises, Inc. | 1820 | 115825 |
| **Total Industrials** |  | **28517840** |

---

---

| | | |
|:---|:---|:---|
| **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **INFORMATION TECHNOLOGY - 6.8%** | **INFORMATION TECHNOLOGY - 6.8%** |  |
| 8x8, Inc. <sup>(b)</sup> | 15290 | $29968 |
| A10 Networks, Inc. | 10685 | 206755 |
| Adobe, Inc. <sup>(b)</sup> | 1158 | 448007 |
| Alarm.com Holdings, Inc. <sup>(b)</sup> | 6482 | 366687 |
| Ambarella, Inc. <sup>(b)</sup> | 10191 | 673268 |
| Amphenol Corp. - Class A | 14503 | 1432171 |
| Analog Devices, Inc. | 3852 | 916853 |
| Appian Corp. - Class A <sup>(b)</sup> | 9860 | 294420 |
| Apple, Inc. | 56737 | 11640730 |
| Applied Materials, Inc. | 4999 | 915167 |
| Arteris, Inc. <sup>(b)</sup> | 4022 | 38330 |
| AudioEye, Inc. <sup>(b)</sup> | 2685 | 31280 |
| Aviat Networks, Inc. <sup>(b)</sup> | 3297 | 79293 |
| BigCommerce Holdings, Inc. <sup>(b)</sup> | 19699 | 98495 |
| Broadcom, Inc. | 27157 | 7485827 |
| Calix, Inc. <sup>(b)</sup> | 6243 | 332065 |
| Cisco Systems, Inc. | 18372 | 1274649 |
| CommScope Holding Co., Inc. <sup>(b)</sup> | 13401 | 110960 |
| CPI Card Group, Inc. <sup>(b)</sup> | 1026 | 24337 |
| Crowdstrike Holdings, Inc. - Class A <sup>(b)</sup> | 2527 | 1287026 |
| DigitalOcean Holdings, Inc. <sup>(b)</sup> | 17577 | 501999 |
| Domo, Inc. - Class B <sup>(b)</sup> | 4226 | 59037 |
| Dropbox, Inc. - Class A <sup>(b)</sup> | 15222 | 435349 |
| Fair Isaac Corp. <sup>(b)</sup> | 96 | 175484 |
| Gartner, Inc. <sup>(b)</sup> | 1358 | 548931 |
| GoDaddy, Inc. - Class A <sup>(b)</sup> | 3062 | 551344 |
| Intel Corp. | 9586 | 214726 |
| International Business Machines Corp. | 2488 | 733413 |
| Lam Research Corp. | 11291 | 1099066 |
| Manhattan Associates, Inc. <sup>(b)</sup> | 977 | 192928 |
| MeridianLink, Inc. <sup>(b)</sup> | 2247 | 36469 |
| Microsoft Corp. | 31884 | 15859420 |
| N-able, Inc./US <sup>(b)</sup> | 20811 | 168569 |
| Napco Security Technologies, Inc. | 3946 | 117157 |
| NETGEAR, Inc. <sup>(b)</sup> | 4557 | 132472 |
| NVIDIA Corp. | 100621 | 15897112 |
| ON24, Inc. <sup>(b)</sup> | 1735 | 9421 |
| Oracle Corp. | 21243 | 4644357 |
| PC Connection, Inc. | 2249 | 147939 |
| Pegasystems, Inc. | 5322 | 288080 |
| PROS Holdings, Inc. <sup>(b)</sup> | 7632 | 119517 |
| QUALCOMM, Inc. | 4210 | 670485 |
| Rackspace Technology, Inc. <sup>(b)</sup> | 11155 | 14278 |
| Rapid7, Inc. <sup>(b)</sup> | 18363 | 424736 |
| Ribbon Communications, Inc. <sup>(b)</sup> | 1493 | 5987 |
| RingCentral, Inc. - Class A <sup>(b)</sup> | 2718 | 77055 |
| Rogers Corp. <sup>(b)</sup> | 1575 | 107856 |
| Salesforce, Inc. | 3349 | 913239 |
| ScanSource, Inc. <sup>(b)</sup> | 12725 | 532032 |
| SEMrush Holdings, Inc. - Class A <sup>(b)</sup> | 3136 | 28381 |
| ServiceNow, Inc. <sup>(b)</sup> | 1343 | 1380712 |
| Synopsys, Inc. <sup>(b)</sup> | 2606 | 1336044 |
| Telos Corp. <sup>(b)</sup> | 5515 | 17483 |
| Unisys Corp. <sup>(b)</sup> | 15479 | 70120 |
| Weave Communications, Inc. <sup>(b)</sup> | 16961 | 141116 |
| Workiva, Inc. <sup>(b)</sup> | 9157 | 626797 |
| Xperi, Inc. <sup>(b)</sup> | 16686 | 131986 |
| **Total Information Technology** |  | **76097385** |
| **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **MATERIALS - 0.5%** | **MATERIALS - 0.5%** |  |
| Amcor PLC | 33992 | $312386 |
| American Vanguard Corp. | 2972 | 11650 |
| Avery Dennison Corp. | 7683 | 1348136 |
| Balchem Corp. | 1988 | 316490 |
| Clearwater Paper Corp. <sup>(b)</sup> | 5883 | 160253 |
| Commercial Metals Co. | 13579 | 664149 |
| DuPont de Nemours, Inc. | 4040 | 277104 |
| Eastman Chemical Co. | 4345 | 324398 |
| Freeport-McMoRan, Inc. | 15597 | 676130 |
| Innospec, Inc. | 4279 | 359821 |
| Koppers Holdings, Inc. | 1092 | 35108 |
| Kronos Worldwide, Inc. | 4005 | 24831 |
| Louisiana-Pacific Corp. | 1609 | 138358 |
| Nucor Corp. | 3828 | 495879 |
| Olympic Steel, Inc. | 2201 | 71731 |
| Perimeter Solutions, Inc. <sup>(b)</sup> | 18749 | 260986 |
| Ryerson Holding Corp. | 6101 | 131598 |
| Scotts Miracle-Gro Co. | 1007 | 66422 |
| Stepan Co. | 1247 | 68061 |
| SunCoke Energy, Inc. | 910 | 7817 |
| Valhi, Inc. | 91 | 1470 |
| Worthington Steel, Inc. | 2812 | 83882 |
| **Total Materials** |  | **5836660** |
| **REAL ESTATE - 0.6%** | **REAL ESTATE - 0.6%** |  |
| Alexander & Baldwin, Inc. | 4824 | 86012 |
| Alexandria Real Estate Equities, Inc. REIT | 5950 | 432149 |
| American Assets Trust, Inc. | 8073 | 159442 |
| Apple Hospitality REIT, Inc. | 8555 | 99837 |
| Armada Hoffler Properties, Inc. REIT | 35404 | 243226 |
| CBRE Group, Inc. - Class A <sup>(b)</sup> | 10176 | 1425861 |
| Chatham Lodging Trust REIT | 9036 | 62981 |
| Community Healthcare Trust, Inc. | 1000 | 16630 |
| Compass, Inc. - Class A <sup>(b)</sup> | 52770 | 331396 |
| CoStar Group, Inc. <sup>(b)</sup> | 2201 | 176960 |
| eXp World Holdings, Inc. | 21096 | 191974 |
| Forestar Group, Inc. <sup>(b)</sup> | 5144 | 102880 |
| Gaming and Leisure Properties, Inc. REIT | 20337 | 949331 |
| InvenTrust Properties Corp. | 5935 | 162619 |
| Macerich Co. | 23162 | 374761 |
| Opendoor Technologies, Inc. <sup>(b)</sup> | 85145 | 45382 |
| Prologis, Inc. REIT | 6668 | 700940 |
| Real Brokerage, Inc. (The) <sup>(b)</sup> | 27236 | 122834 |
| Sunstone Hotel Investors, Inc. REIT | 14199 | 123247 |
| Xenia Hotels & Resorts, Inc. REIT | 27044 | 339943 |
| **Total Real Estate** |  | **6148405** |
| **UTILITIES - 0.5%** | **UTILITIES - 0.5%** |  |
| American Water Works Co., Inc. | 10879 | 1513378 |
| Avista Corp. | 5625 | 213469 |
| California Water Service Group | 1129 | 51347 |
| Constellation Energy Corp. | 1343 | 433466 |
| NextEra Energy, Inc. | 27885 | 1935777 |
| NRG Energy, Inc. | 6694 | 1074922 |
| PG&E Corp. | 64852 | 904037 |
| **Total Utilities** |  | **6126396** |
| **TOTAL COMMON STOCKS** (Cost $244,657,674) | **TOTAL COMMON STOCKS** (Cost $244,657,674) | **276313066** |
| **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** |
| **Schedule of Investments (unaudited) (concluded)** | **Schedule of Investments (unaudited) (concluded)** | **Schedule of Investments (unaudited) (concluded)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **EXCHANGE-TRADED FUNDS - 74.6%** |  |  |
| Industrial Select Sector SPDR Fund | 5663 | $835406 |
| Schwab US Large-Cap ETF <sup>(a)</sup> | 34267279 | 837492299 |
| **TOTAL EXCHANGE-TRADED FUNDS** (Cost $735,428,833) | **TOTAL EXCHANGE-TRADED FUNDS** (Cost $735,428,833) | **838327705** |
| **SHORT-TERM INVESTMENTS - 0.8%** |  |  |
| BlackRock Liquidity FedFund - Institutional Class, 4.22% <sup>(c)</sup> (Cost $8,482,120) | 8482120 | **8482120** |
| **TOTAL INVESTMENTS - 100.0% (**Cost $988,568,627**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $988,568,627**)** | $**1123122891** |
| **OTHER ASSETS AND LIABILITIES, NET - (0.0)%** <sup>(d)</sup> | **OTHER ASSETS AND LIABILITIES, NET - (0.0)%** <sup>(d)</sup> | **(256653)** |
| **NET ASSETS - 100.0%** |  | $**1122866238** |

---

---

| | |
|:---|:---|
| (a) | *Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements, is available from the SEC's EDGAR database at www.sec.gov.* |
| (b) | *Non-income producing security.* |
| (c) | *The rate shown represents the 7-day annualized effective yield as of June 30, 2025.* |
| (d) | *Represents less than 0.05% of net assets.* |
| *ADR* | *American Depositary Receipt* |
| *ETF* | *Exchange-Traded Fund* |
| *REIT* | *Real Estate Investment Trust* |

---

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks\* | $275684032 | $629034 | $– | $276313066 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange-Traded Funds | 838327705 | – | – | 838327705 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 8482120 | – | – | 8482120 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Investments** | $1122493857 | $629034 | $– | $1123122891 |
| \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* |

---

------

---

| | | |
|:---|:---|:---|
| **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** |
| **Schedule of Investments (unaudited)** | **Schedule of Investments (unaudited)** | **Schedule of Investments (unaudited)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS - 54.0%** | **COMMON STOCKS - 54.0%** | |
| **AUSTRALIA - 1.2%** | **AUSTRALIA - 1.2%** | |
| ANZ Group Holdings Ltd. | 28584 | $548629 |
| Aristocrat Leisure Ltd. | 22311 | 957082 |
| Atlassian Corp. - Class A <sup>(a)</sup> | 8430 | 1712049 |
| BlueScope Steel Ltd. | 39160 | 598824 |
| Brambles Ltd. | 161695 | 2492516 |
| Cogstate Ltd. <sup>(a)</sup> | 15498 | 17811 |
| Computershare Ltd. | 9002 | 236362 |
| Fleetwood Ltd. | 7752 | 13164 |
| GR Engineering Services Ltd. | 29714 | 63590 |
| Horizon Oil Ltd. | 215936 | 27714 |
| Macmahon Holdings Ltd. | 136065 | 27315 |
| Northern Star Resources Ltd. | 240492 | 2974581 |
| Pro Medicus Ltd. | 565 | 106030 |
| Qantas Airways Ltd. | 30711 | 217114 |
| REA Group Ltd. | 3787 | 599470 |
| Ricegrowers Ltd. | 2320 | 17027 |
| South32 Ltd. | 59660 | 114365 |
| Southern Cross Media Group Ltd. <sup>(a)</sup> | 32401 | 11488 |
| Wagners Holding Co., Ltd. | 9659 | 14593 |
| **Total Australia** |  | **10749724** |
| **AUSTRIA - 0.3%** | **AUSTRIA - 0.3%** |  |
| Erste Group Bank AG | 25862 | 2198154 |
| Fabasoft AG | 473 | 8724 |
| Palfinger AG | 231 | 9727 |
| Raiffeisen Bank International AG | 9646 | 293475 |
| Zumtobel Group AG | 1953 | 11213 |
| **Total Austria** |  | **2521293** |
| **BELGIUM - 0.1%** | **BELGIUM - 0.1%** |  |
| Anheuser-Busch InBev SA/NV | 8294 | 570244 |
| KBC Group NV | 2208 | 227110 |
| **Total Belgium** |  | **797354** |
| **BERMUDA - 0.3%** | **BERMUDA - 0.3%** |  |
| Arch Capital Group Ltd. | 31880 | **2902674** |
| **BRAZIL - 1.1%** | **BRAZIL - 1.1%** |  |
| Banco BTG Pactual SA | 105578 | 821018 |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 99705 | 2195011 |
| Equatorial Energia SA | 105875 | 707572 |
| Lojas Renner SA | 122494 | 442576 |
| NU Holdings Ltd. - Class A <sup>(a)</sup> | 247678 | 3398142 |
| Petroleo Brasileiro SA - ADR | 77359 | 967761 |
| PRIO SA/Brazil <sup>(a)</sup> | 67714 | 527444 |
| Raia Drogasil SA | 81495 | 227246 |
| Suzano SA | 41631 | 392778 |
| XP, Inc. - Class A | 17036 | 344127 |
| **Total Brazil** |  | **10023675** |
| **BRITAIN - 6.1%** | **BRITAIN - 6.1%** |  |
| 3i Group PLC | 110825 | 6268979 |
| accesso Technology Group PLC <sup>(a)</sup> | 6576 | 47342 |
| Aon PLC - Class A | 4930 | 1758827 |
| Ashtead Group PLC | 28100 | 1801303 |
| AstraZeneca PLC | 39296 | 5480119 |
| AstraZeneca PLC - ADR | 5938 | 414947 |
| BAE Systems PLC | 228730 | 5921629 |
| Barclays PLC | 498173 | 2307376 |
| **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **BRITAIN (continued)** | **BRITAIN (continued)** |  |
| Barclays PLC - ADR | 55948 | $1040073 |
| Beazley PLC | 152729 | 1960623 |
| Centrica PLC | 88752 | 196842 |
| Coca-Cola Europacific Partners PLC | 22400 | 2076928 |
| Compass Group PLC | 66810 | 2262860 |
| Costain Group PLC | 35140 | 71495 |
| Diageo PLC | 50000 | 1257673 |
| dotdigital group PLC | 46816 | 48461 |
| Endeavour Mining PLC | 636 | 19556 |
| Foxtons Group PLC | 31033 | 28876 |
| Gamma Communications PLC | 1182 | 18467 |
| GSK PLC | 56400 | 1075136 |
| GSK PLC - ADR | 25275 | 970560 |
| Haleon PLC | 344100 | 1770392 |
| Halfords Group PLC | 21670 | 46097 |
| Hikma Pharmaceuticals PLC | 4722 | 128880 |
| NatWest Group PLC | 212329 | 1490861 |
| Next PLC | 724 | 123689 |
| Odfjell Technology Ltd. | 9968 | 49067 |
| RELX PLC | 46024 | 2496558 |
| Rentokil Initial PLC | 188500 | 912311 |
| Rolls-Royce Holdings PLC | 722567 | 9600197 |
| Sage Group PLC (The) | 18371 | 315731 |
| Speedy Hire PLC | 27025 | 10817 |
| Standard Chartered PLC | 27967 | 463483 |
| TechnipFMC PLC | 22280 | 767323 |
| Unilever PLC | 20300 | 1237740 |
| **Total Britain** |  | **54441218** |
| **CANADA - 1.7%** | **CANADA - 1.7%** |  |
| ADENTRA, Inc. | 1180 | 24999 |
| Bonterra Energy Corp. <sup>(a)</sup> | 4600 | 11857 |
| Brookfield Corp. | 47300 | 2927442 |
| Cameco Corp. | 41900 | 3111692 |
| Canadian Natural Resources Ltd. | 56180 | 1765746 |
| Canadian Pacific Kansas City Ltd. | 40610 | 3219155 |
| Canfor Pulp Products, Inc. <sup>(a)</sup> | 765 | 405 |
| Cenovus Energy, Inc. | 1100 | 14968 |
| Centerra Gold, Inc. | 9100 | 65556 |
| CES Energy Solutions Corp. | 2100 | 10224 |
| Constellation Software, Inc./Canada | 502 | 1840710 |
| Dexterra Group, Inc. | 2275 | 15337 |
| Dynacor Group, Inc. | 5600 | 18547 |
| Enerflex Ltd. | 3309 | 26122 |
| Fortuna Mining Corp. <sup>(a)</sup> | 1724 | 11280 |
| Jaguar Mining, Inc. <sup>(a)</sup> | 8100 | 20224 |
| Lassonde Industries, Inc. - Class A | 200 | 30637 |
| Martinrea International, Inc. | 6179 | 38478 |
| Melcor Developments Ltd. | 2000 | 20356 |
| Olympia Financial Group, Inc. | 400 | 35146 |
| Precision Drilling Corp. <sup>(a)</sup> | 2000 | 94716 |
| TELUS International CDA, Inc. <sup>(a)</sup> | 8400 | 30534 |
| Waste Connections, Inc. | 9980 | 1863466 |
| **Total Canada** |  | **15197597** |
| **CHILE - 0.0%<sup>(b)</sup>** | **CHILE - 0.0%<sup>(b)</sup>** |  |
| Antofagasta PLC | 17041 | **423392** |
| **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **CHINA - 4.2%** | **CHINA - 4.2%** |  |
| Alibaba Group Holding Ltd. | 270816 | $3843292 |
| BYD Co., Ltd. - Class H | 76500 | 1197295 |
| China Pacific Insurance Group Co., Ltd. - Class H | 161200 | 553103 |
| Contemporary Amperex Technology Co., Ltd. - Class H <sup>(a)</sup> | 12900 | 540982 |
| Fuyao Glass Industry Group Co., Ltd. - Class H <sup>(c)</sup> | 81200 | 580545 |
| H World Group Ltd. - ADR | 14122 | 479018 |
| Haitian International Holdings Ltd. | 174000 | 450380 |
| JD.com, Inc. - Class A | 25400 | 414117 |
| Kanzhun Ltd. - ADR <sup>(a)</sup> | 39177 | 698918 |
| Meituan - Class B <sup>(a)(c)</sup> | 239400 | 3831226 |
| Midea Group Co., Ltd. - Class H | 85200 | 809340 |
| Modern Land China Co., Ltd. <sup>(a)</sup> | 430000 | 0 |
| Natural Food International Holding Ltd. | 174681 | 17607 |
| NetEase, Inc. | 65400 | 1764046 |
| Neutech Group Ltd. | 36000 | 16100 |
| New Hope Service Holdings Ltd. | 71000 | 17931 |
| Nongfu Spring Co., Ltd. - Class H <sup>(c)</sup> | 160000 | 818619 |
| PICC Property & Casualty Co., Ltd. - Class H | 596000 | 1156409 |
| Shenzhou International Group Holdings Ltd. | 64400 | 458110 |
| Tencent Holdings Ltd. | 185300 | 11901282 |
| Tencent Music Entertainment Group - ADR | 59026 | 1150417 |
| Xiaomi Corp. - Class B <sup>(a)(c)</sup> | 450600 | 3472647 |
| Xin Point Holdings Ltd. | 34000 | 16622 |
| Yangzijiang Shipbuilding Holdings Ltd. | 172100 | 300779 |
| Zhejiang China Commodities City Group Co., Ltd. - Class A | 331498 | 961319 |
| Zhejiang Sanhua Intelligent Controls Co., Ltd. <sup>(a)</sup> | 147500 | 472567 |
| Zijin Mining Group Co., Ltd. - Class H | 576000 | 1466132 |
| **Total China** |  | **37388803** |
| **CURACAO - 0.0%<sup>(b)</sup>** | **CURACAO - 0.0%<sup>(b)</sup>** |  |
| HAL Trust | 513 | **73246** |
| **DENMARK - 0.8%** | **DENMARK - 0.8%** |  |
| AP Moller - Maersk A/S - Class B | 292 | 544340 |
| Columbus A/S | 18502 | 29069 |
| Genmab A/S <sup>(a)</sup> | 1257 | 260100 |
| Novo Nordisk A/S | 80502 | 5617267 |
| Novo Nordisk A/S - ADR | 1905 | 131483 |
| Pandora A/S | 2034 | 357010 |
| ROCKWOOL A/S | 2579 | 120657 |
| Vestas Wind Systems A/S | 3420 | 51389 |
| **Total Denmark** |  | **7111315** |
| **FINLAND - 0.1%** | **FINLAND - 0.1%** |  |
| Wartsila OYJ Abp | 22113 | **522600** |
| **FRANCE - 3.1%** | **FRANCE - 3.1%** |  |
| Airbus SE | 1031 | 215731 |
| AKWEL SADIR | 736 | 7143 |
| Amundi SA <sup>(c)</sup> | 14500 | 1175398 |
| BNP Paribas SA | 19773 | 1780945 |
| CBo Territoria | 4714 | 20163 |
| Cie de Saint-Gobain SA | 19016 | 2237012 |
| Cie Generale des Etablissements Michelin SCA | 39000 | 1451169 |
| Dassault Aviation SA | 2594 | 919185 |
| Dassault Systemes SE | 4700 | 170366 |
| Eiffage SA | 1271 | 178748 |
| Gaztransport Et Technigaz SA | 723 | 143514 |
| Hermes International SCA | 269 | 729802 |
| **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **FRANCE (continued)** | **FRANCE (continued)** |  |
| Klepierre SA | 17439 | $690949 |
| LVMH Moet Hennessy Louis Vuitton SE | 2000 | 1048906 |
| Manitou BF SA | 530 | 13067 |
| NRJ Group | 1377 | 11876 |
| Orange SA | 157603 | 2405897 |
| Rexel SA | 14770 | 455796 |
| Safran SA | 21820 | 7106440 |
| Schneider Electric SE | 3540 | 943972 |
| Societe Generale SA | 75289 | 4314091 |
| TotalEnergies SE | 21600 | 1328562 |
| **Total France** |  | **27348732** |
| **GERMANY - 6.2%** | **GERMANY - 6.2%** |  |
| adidas AG | 5768 | 1344520 |
| Bayer AG | 7756 | 233224 |
| Beiersdorf AG | 4187 | 525945 |
| Commerzbank AG | 53346 | 1683178 |
| Continental AG | 3879 | 338492 |
| Deutsche Bank AG | 22505 | 667698 |
| Deutsche Boerse AG | 12221 | 3987751 |
| Deutsche Telekom AG | 1915 | 70113 |
| E.ON SE | 127555 | 2348670 |
| Fresenius SE & Co. KGaA | 43840 | 2204834 |
| Gesco SE | 1651 | 33543 |
| HOCHTIEF AG | 577 | 113677 |
| Infineon Technologies AG | 61996 | 2637982 |
| Knorr-Bremse AG | 681 | 65822 |
| Krones AG | 336 | 55410 |
| KSB SE & Co. KGaA | 26 | 27250 |
| Leifheit AG | 365 | 6815 |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 3300 | 2140174 |
| Nemetschek SE | 18723 | 2713671 |
| Rheinmetall AG | 3408 | 7210380 |
| SAP SE | 34029 | 10351228 |
| Scout24 SE <sup>(c)</sup> | 1986 | 273877 |
| Siemens Energy AG <sup>(a)</sup> | 110291 | 12745548 |
| Symrise AG | 9300 | 976529 |
| Talanx AG | 2289 | 296409 |
| Technotrans SE | 922 | 23347 |
| thyssenkrupp AG | 131393 | 1410972 |
| Zalando SE <sup>(a)(c)</sup> | 3938 | 129656 |
| **Total Germany** |  | **54616715** |
| **GREECE - 0.1%** | **GREECE - 0.1%** |  |
| Eurobank Ergasias Services and Holdings SA | 169376 | 583303 |
| National Bank of Greece SA | 21309 | 272440 |
| Piraeus Financial Holdings SA | 50625 | 351731 |
| **Total Greece** |  | **1207474** |
| **HONG KONG - 0.6%** | **HONG KONG - 0.6%** |  |
| AIA Group Ltd. | 222000 | 1996396 |
| APT Satellite Holdings Ltd. | 94000 | 25029 |
| Bank of East Asia Ltd. (The) | 86000 | 132787 |
| BOC Hong Kong Holdings Ltd. | 4500 | 19575 |
| Chen Hsong Holdings | 38098 | 7718 |
| China Resources Beer Holdings Co., Ltd. | 271500 | 863385 |
| Jardine Matheson Holdings Ltd. | 3000 | 144221 |
| KLN Logistics Group Ltd. | 173038 | 167691 |
| Midland Holdings Ltd. <sup>(a)</sup> | 204000 | 41641 |
| **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **HONG KONG (continued)** | **HONG KONG (continued)** |  |
| PC Partner Group Ltd. | 16000 | $13946 |
| Pico Far East Holdings Ltd. | 264607 | 83741 |
| Singamas Container Holdings Ltd. | 276253 | 23623 |
| SITC International Holdings Co., Ltd. | 168043 | 539409 |
| Techtronic Industries Co., Ltd. | 57000 | 627885 |
| VTech Holdings Ltd. | 3200 | 23224 |
| WH Group Ltd. <sup>(c)</sup> | 328000 | 315892 |
| **Total Hong Kong** |  | **5026163** |
| **HUNGARY - 0.1%** | **HUNGARY - 0.1%** |  |
| OTP Bank Nyrt | 7495 | **598683** |
| **INDIA - 3.0%** | **INDIA - 3.0%** |  |
| Ashok Leyland Ltd. | 161833 | 473657 |
| Axis Bank Ltd. | 6715 | 93860 |
| Axis Bank Ltd. - GDR <sup>(f)</sup> | 11769 | 822841 |
| Bajaj Finance Ltd. | 58210 | 635843 |
| Bharti Airtel Ltd. | 124145 | 2913962 |
| HDFC Bank Ltd. | 29278 | 683017 |
| HDFC Bank Ltd. - ADR | 18783 | 1440093 |
| Hindustan Aeronautics Ltd. | 29402 | 1670226 |
| ICICI Bank Ltd. | 2979 | 50161 |
| ICICI Bank Ltd. - ADR | 210060 | 7066418 |
| Infosys Ltd. | 21147 | 395142 |
| Macrotech Developers Ltd. <sup>(c)</sup> | 78925 | 1278963 |
| Mahindra & Mahindra Ltd. - GDR | 31883 | 1183417 |
| MakeMyTrip Ltd. <sup>(a)</sup> | 5678 | 556558 |
| Max Healthcare Institute Ltd. | 157547 | 2346978 |
| PB Fintech Ltd. <sup>(a)</sup> | 26891 | 571644 |
| Power Grid Corp. of India Ltd. | 251933 | 881165 |
| Reliance Industries Ltd. - GDR <sup>(c)</sup> | 5462 | 382289 |
| Reliance Industries Ltd. - GDR <sup>(c)</sup> | 4920 | 343861 |
| Sun Pharmaceutical Industries Ltd. | 27041 | 529118 |
| Tata Consultancy Services Ltd. | 22278 | 899653 |
| Tata Consumer Products Ltd. | 34824 | 446852 |
| Varun Beverages Ltd. | 99323 | 531004 |
| **Total India** |  | **26196722** |
| **INDONESIA - 0.1%** | **INDONESIA - 0.1%** |  |
| Bank Central Asia Tbk PT | 1137100 | 609259 |
| Bank Rakyat Indonesia Persero Tbk PT | 1801900 | 416705 |
| **Total Indonesia** |  | **1025964** |
| **IRELAND - 0.8%** | **IRELAND - 0.8%** |  |
| Accenture PLC - Class A | 6400 | 1912896 |
| Experian PLC | 90563 | 4665480 |
| PDD Holdings, Inc. - ADR <sup>(a)</sup> | 2954 | 309166 |
| **Total Ireland** |  | **6887542** |
| **ISRAEL - 0.5%** | **ISRAEL - 0.5%** |  |
| Check Point Software Technologies Ltd. <sup>(a)</sup> | 2655 | 587419 |
| Monday.com Ltd. <sup>(a)</sup> | 9180 | 2886926 |
| Nice Ltd. - ADR <sup>(a)</sup> | 74 | 12499 |
| Wix.com Ltd. <sup>(a)</sup> | 3559 | 563959 |
| Zvi Sarfati & Sons Investments & Constructions 1992 Ltd. <sup>(a)</sup> | 1414 | 18250 |
| **Total Israel** |  | **4069053** |
| **ITALY - 0.9%** | **ITALY - 0.9%** |  |
| Cairo Communication SpA <sup>(a)</sup> | 7053 | 24139 |
| **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **ITALY (continued)** | **ITALY (continued)** |  |
| Emak SpA | 21988 | $22491 |
| Enel SpA | 316982 | 3008535 |
| Eni SpA | 7706 | 124813 |
| Ferrari NV | 8454 | 4144962 |
| Leonardo SpA | 13659 | 770261 |
| Orsero SpA | 3283 | 53993 |
| Piquadro SpA | 1638 | 4648 |
| **Total Italy** |  | **8153842** |
| **JAPAN - 5.8%** | **JAPAN - 5.8%** |  |
| Ajis Co., Ltd. | 1000 | 20474 |
| Brother Industries Ltd. | 4400 | 75751 |
| Capcom Co., Ltd. | 3000 | 102420 |
| CTS Co., Ltd. | 4600 | 25678 |
| Daihatsu Diesel Manufacturing Co., Ltd. | 1600 | 25266 |
| Dai-Ichi Cutter Kogyo KK | 2800 | 24677 |
| Dai-ichi Life Holdings, Inc. | 38000 | 287243 |
| Daiichi Sankyo Co., Ltd. | 14800 | 344628 |
| Daikin Industries Ltd. | 12000 | 1417661 |
| Densan System Holdings Co., Ltd. | 1400 | 25570 |
| Eisai Co., Ltd. | 29200 | 838790 |
| FANUC Corp. | 74200 | 2018386 |
| Fast Retailing Co., Ltd. | 6400 | 2193112 |
| GMO GlobalSign Holdings KK | 900 | 12874 |
| Ichikoh Industries Ltd. | 4900 | 12270 |
| ID Holdings Corp. | 1600 | 26348 |
| Idemitsu Kosan Co., Ltd. | 37800 | 228741 |
| JAC Recruitment Co., Ltd. | 7200 | 50642 |
| Japan Exchange Group, Inc. | 58400 | 592174 |
| Japan Post Holdings Co., Ltd. | 82800 | 764267 |
| Kanamoto Co., Ltd. | 900 | 20223 |
| KAWADA TECHNOLOGIES, Inc. | 2700 | 72282 |
| Kenko Mayonnaise Co., Ltd. | 2600 | 30978 |
| Kita-Nippon Bank Ltd. (The) | 800 | 16382 |
| Koike Sanso Kogyo Co., Ltd. | 6000 | 56647 |
| Komatsu Ltd. | 2000 | 65465 |
| Kubota Corp. | 73500 | 824069 |
| Kuriyama Holdings Corp. | 900 | 9241 |
| Lasertec Corp. | 3800 | 512006 |
| Makiya Co., Ltd. | 1100 | 8067 |
| Mazda Motor Corp. | 52500 | 315369 |
| MINEBEA MITSUMI, Inc. | 9800 | 143293 |
| Mitsubishi Heavy Industries Ltd. | 221700 | 5555708 |
| Mizuho Financial Group, Inc. | 107400 | 2956630 |
| MonotaRO Co., Ltd. | 119600 | 2360764 |
| NEC Corp. | 17500 | 512552 |
| NEOJAPAN, Inc. | 1600 | 20328 |
| Nexon Co., Ltd. | 7500 | 150942 |
| NIDEC Corp. | 24900 | 481987 |
| Nintendo Co., Ltd. | 75100 | 7203368 |
| Nippon Shinyaku Co., Ltd. | 7000 | 152599 |
| Nomura Holdings, Inc. | 32200 | 211465 |
| NTT, Inc. | 835800 | 892568 |
| Ono Pharmaceutical Co., Ltd. | 9900 | 107311 |
| ORIX Corp. | 18900 | 426159 |
| Otsuka Holdings Co., Ltd. | 23000 | 1138736 |
| Pan Pacific International Holdings Corp. | 75900 | 2608718 |
| Recruit Holdings Co., Ltd. | 32600 | 1919464 |
| Rheon Automatic Machinery Co., Ltd. | 3700 | 31785 |
| **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **JAPAN (continued)** | **JAPAN (continued)** |  |
| Ryohin Keikaku Co., Ltd. | 40800 | $1956857 |
| SCREEN Holdings Co., Ltd. | 200 | 16241 |
| Sekisui Kasei Co., Ltd. | 5400 | 12335 |
| SMC Corp. | 100 | 36012 |
| SoftBank Group Corp. | 1600 | 116008 |
| Sompo Holdings, Inc. | 56000 | 1677707 |
| Sony Group Corp. | 232700 | 6066376 |
| Subaru Corp. | 7800 | 135519 |
| Sumitomo Mitsui Financial Group, Inc. | 38200 | 957675 |
| Taiko Bank Ltd. (The) | 1500 | 14871 |
| Takaoka Toko Co., Ltd. | 1900 | 30649 |
| Tokio Marine Holdings, Inc. | 13400 | 565274 |
| Tokyo Electron Ltd. | 4900 | 935506 |
| Topy Industries Ltd. | 2200 | 34459 |
| Toyokumo, Inc. | 900 | 19690 |
| Trend Micro, Inc./Japan | 5700 | 393747 |
| Trinity Industrial Corp. | 1500 | 10434 |
| Tsubakimoto Kogyo Co., Ltd. | 2100 | 35132 |
| Universal Engeisha KK | 600 | 21175 |
| Yaskawa Electric Corp. | 3900 | 87880 |
| Yokowo Co., Ltd. | 2300 | 21572 |
| Yushin Precision Equipment Co., Ltd. | 5900 | 24225 |
| **Total Japan** |  | **51061422** |
| **LUXEMBOURG - 0.0%<sup>(b)</sup>** | **LUXEMBOURG - 0.0%<sup>(b)</sup>** |  |
| Globant SA <sup>(a)</sup> | 2614 | **237456** |
| **MEXICO - 0.4%** | **MEXICO - 0.4%** |  |
| Fomento Economico Mexicano SAB de CV - ADR | 9694 | 998288 |
| Grupo Aeroportuario del Pacifico SAB de CV - Class B | 13397 | 306686 |
| Grupo Financiero Banorte SAB de CV | 51440 | 472033 |
| Grupo Mexico SAB de CV - Class B | 325846 | 1966589 |
| **Total Mexico** |  | **3743596** |
| **NETHERLANDS - 2.1%** | **NETHERLANDS - 2.1%** |  |
| ABN AMRO Bank NV <sup>(c)</sup> | 4988 | 136572 |
| Adyen NV <sup>(a)(c)</sup> | 1820 | 3341730 |
| Akzo Nobel NV | 13200 | 923776 |
| ASM International NV | 3660 | 2343382 |
| ASML Holding NV | 5202 | 4168831 |
| BE Semiconductor Industries NV | 13464 | 2015528 |
| Euronext NV <sup>(c)</sup> | 735 | 125771 |
| Heineken Holding NV | 469 | 34979 |
| Heineken NV | 12600 | 1103223 |
| ING Groep NV | 23144 | 507893 |
| Koninklijke Ahold Delhaize NV | 30968 | 1294702 |
| NN Group NV | 12888 | 856634 |
| Wolters Kluwer NV | 9437 | 1578090 |
| **Total Netherlands** |  | **18431111** |
| **NEW ZEALAND - 0.0%<sup>(b)</sup>** | **NEW ZEALAND - 0.0%<sup>(b)</sup>** |  |
| Scales Corp. Ltd. | 3335 | **9798** |
| **NORWAY - 0.1%** | **NORWAY - 0.1%** |  |
| DNB Bank ASA | 8678 | 240122 |
| Equinor ASA | 11112 | 280569 |
| Yara International ASA | 3639 | 134424 |
| **Total New Zealand** |  | **655115** |
| **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **PERU - 0.3%** | **PERU - 0.3%** |  |
| Credicorp Ltd. | 11901 | $**2660112** |
| **POLAND - 0.2%** | **POLAND - 0.2%** |  |
| Bank Polska Kasa Opieki SA | 8540 | 440401 |
| Powszechna Kasa Oszczednosci Bank Polski SA | 40681 | 851021 |
| Powszechny Zaklad Ubezpieczen SA | 33349 | 584802 |
| **Total Poland** |  | **1876224** |
| **PORTUGAL - 0.2%** | **PORTUGAL - 0.2%** |  |
| Galp Energia SGPS SA | 78065 | 1433161 |
| Ibersol SGPS SA | 2340 | 26691 |
| Jeronimo Martins SGPS SA | 21932 | 555375 |
| **Total Portugal** |  | **2015227** |
| **SAUDI ARABIA - 0.1%** | **SAUDI ARABIA - 0.1%** |  |
| Saudi National Bank (The) | 90403 | **872255** |
| **SINGAPORE - 1.6%** | **SINGAPORE - 1.6%** |  |
| BRC Asia Ltd. | 14800 | 36107 |
| DBS Group Holdings Ltd. | 60400 | 2135702 |
| Hafnia Ltd. | 3936 | 19752 |
| HRnetgroup Ltd. | 101100 | 54470 |
| OKP Holdings Ltd. | 53600 | 36052 |
| Raffles Medical Group Ltd. | 16900 | 13227 |
| Sea Ltd. - ADR <sup>(a)</sup> | 60994 | 9755380 |
| Singapore Airlines Ltd. | 4600 | 25233 |
| Singapore Exchange Ltd. | 57800 | 676100 |
| Singapore Technologies Engineering Ltd. | 7900 | 48412 |
| Singapore Telecommunications Ltd. | 134500 | 404178 |
| Trip.com Group Ltd. - ADR | 22619 | 1326378 |
| **Total Singapore** |  | **14530991** |
| **SOUTH AFRICA - 0.4%** | **SOUTH AFRICA - 0.4%** |  |
| Absa Group Ltd. | 50770 | 506248 |
| Bid Corp. Ltd. | 14887 | 393669 |
| Capitec Bank Holdings Ltd. | 2115 | 425370 |
| FirstRand Ltd. | 122398 | 524806 |
| Gold Fields Ltd. | 26732 | 633235 |
| Naspers Ltd. | 1601 | 498812 |
| Shoprite Holdings Ltd. | 24945 | 391135 |
| **Total South Africa** |  | **3373275** |
| **SOUTH KOREA - 1.1%** | **SOUTH KOREA - 1.1%** |  |
| Hana Financial Group, Inc. | 4278 | 272967 |
| Hanwha Aerospace Co., Ltd. | 1305 | 820144 |
| KB Financial Group, Inc. | 7297 | 599537 |
| Kia Corp. | 14681 | 1051145 |
| NAVER Corp. | 697 | 135323 |
| Samsung Biologics Co., Ltd. <sup>(a)(c)</sup> | 629 | 462265 |
| Samsung Electro-Mechanics Co., Ltd. | 3573 | 356745 |
| Samsung Electronics Co., Ltd. | 66705 | 2957342 |
| Samsung Electronics Co., Ltd. - GDR <sup>(f)</sup> | 900 | 991716 |
| Samsung Fire & Marine Insurance Co., Ltd. | 1980 | 637203 |
| SK Hynix, Inc. | 7951 | 1722255 |
| **Total South Korea** |  | **10006642** |
| **SPAIN - 0.6%** | **SPAIN - 0.6%** |  |
| ACS Actividades de Construccion y Servicios SA | 1204 | 83614 |
| Banco Bilbao Vizcaya Argentaria SA | 103164 | 1586676 |
| **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **SPAIN (continued)** | **SPAIN (continued)** |  |
| Banco Santander SA | 393055 | $3253944 |
| CaixaBank SA | 15989 | 138525 |
| Grupo Empresarial San Jose SA | 3607 | 25878 |
| Naturhouse Health SAU | 579 | 1286 |
| **Total Spain** |  | **5089923** |
| **SWEDEN - 1.1%** | **SWEDEN - 1.1%** |  |
| Assa Abloy AB - Class B | 39000 | 1219521 |
| Cloetta AB - Class B | 16080 | 57917 |
| Spotify Technology SA <sup>(a)</sup> | 9287 | 7126287 |
| Telefonaktiebolaget LM Ericsson - ADR | 101210 | 858261 |
| Zinzino AB - Class B | 3183 | 84165 |
| **Total Sweden** |  | **9346151** |
| **SWITZERLAND - 2.3%** | **SWITZERLAND - 2.3%** |  |
| ABB Ltd. | 26653 | 1593361 |
| Alcon AG | 18200 | 1615890 |
| Coca-Cola HBC AG | 36560 | 1898058 |
| dormakaba Holding AG | 52 | 47636 |
| DSM-Firmenich AG | 9200 | 978242 |
| Klingelnberg AG | 360 | 5952 |
| Logitech International SA | 10590 | 956948 |
| Lonza Group AG | 3441 | 2458616 |
| Multitude PLC | 1918 | 16349 |
| Novartis AG | 10919 | 1320927 |
| Roche Holding AG | 13001 | 4250163 |
| Schindler Holding AG | 2708 | 1008669 |
| STMicroelectronics NV | 5803 | 176469 |
| Sunrise Communications AG | 33213 | 1875759 |
| UBS Group AG | 69020 | 2345171 |
| **Total Switzerland** |  | **20548210** |
| **TAIWAN - 3.7%** | **TAIWAN - 3.7%** |  |
| Accton Technology Corp. | 90000 | 2237601 |
| ASE Technology Holding Co., Ltd. | 155000 | 776574 |
| Cathay Financial Holding Co., Ltd. | 301037 | 647446 |
| CTBC Financial Holding Co., Ltd. | 485000 | 725842 |
| Delta Electronics, Inc. | 69000 | 971414 |
| E Ink Holdings, Inc. | 94000 | 711542 |
| Hon Hai Precision Industry Co., Ltd. | 260000 | 1425414 |
| MediaTek, Inc. | 31000 | 1319898 |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 490000 | 17691942 |
| Taiwan Semiconductor Manufacturing Co., Ltd. - ADR | 27950 | 6330396 |
| Uni-President Enterprises Corp. | 145000 | 402221 |
| **Total Taiwan** |  | **33240290** |
| **UNITED ARAB EMIRATES - 0.5%** | **UNITED ARAB EMIRATES - 0.5%** |  |
| Abu Dhabi Commercial Bank PJSC | 84967 | 311753 |
| ADNOC Drilling Co. PJSC | 84950 | 131796 |
| Adnoc Gas PLC | 457259 | 425690 |
| Aldar Properties PJSC | 1094407 | 2658457 |
| Emaar Properties PJSC | 183023 | 677877 |
| First Abu Dhabi Bank PJSC | 94293 | 426233 |
| **Total United Arab Emirates** |  | **4631806** |
| **UNITED STATES - 1.4%** | **UNITED STATES - 1.4%** |  |
| Amrize Ltd. <sup>(a)</sup> | 236 | 11773 |
| Coupang, Inc. <sup>(a)</sup> | 115840 | 3470566 |
| Linde PLC | 4880 | 2289598 |
| **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **UNITED STATES (continued)** | **UNITED STATES (continued)** |  |
| Philip Morris International, Inc. | 28840 | $5252629 |
| STERIS PLC | 5090 | 1222720 |
| **Total United States** |  | **12247286** |
| **URUGUAY - 0.8%** | **URUGUAY - 0.8%** |  |
| MercadoLibre, Inc. <sup>(a)</sup> | 2763 | **7221460** |
| **TOTAL COMMON STOCKS** (Cost $377,781,732) | **TOTAL COMMON STOCKS** (Cost $377,781,732) | **479082131** |
| **PREFERRED STOCKS - 0.1%** |  |  |
| **BRAZIL - 0.1%** | **BRAZIL - 0.1%** |  |
|  Itau Unibanco Holding SA, 0.00% (Cost $931,620) | 172869 | **1173779** |
| **EXCHANGE-TRADED FUNDS - 44.1%** |  |  |
| iShares Core MSCI EAFE ETF | 823 | 68704 |
| Schwab Emerging Markets Equity ETF | 3410752 | 102800065 |
| Schwab International Equity ETF <sup>(d)</sup> | 13034482 | 288062052 |
| **TOTAL EXCHANGE-TRADED FUNDS** (Cost $343,551,110) | **TOTAL EXCHANGE-TRADED FUNDS** (Cost $343,551,110) | **390930821** |
| **RIGHTS - 0.0%<sup>(b)</sup>** |  |  |
| **SOUTH KOREA *-* 0.0%<sup>(b)</sup>** | **SOUTH KOREA *-* 0.0%<sup>(b)</sup>** |  |
| Hanwha Aerospace Co., Ltd., Expires 07/03/2025, Exercise Price $684,000.00 <sup>(a)</sup> (Cost $4,840) | 94 | **18925** |
| **SHORT-TERM INVESTMENTS - 1.6%** |  |  |
| BlackRock Liquidity FedFund - Institutional Class, 4.22% <sup>(e)</sup> (Cost $13,813,333) | 13813333 | **13813333** |
| **TOTAL INVESTMENTS - 99.8% (**Cost $736,082,635**)** | **TOTAL INVESTMENTS - 99.8% (**Cost $736,082,635**)** | $**885018989** |
| **OTHER ASSETS AND LIABILITIES, NET - 0.2%** | **OTHER ASSETS AND LIABILITIES, NET - 0.2%** | **1776010** |
| **NET ASSETS - 100.0%** |  | $**886794999** |

---

---

| | |
|:---|:---|
| (a) | *Non-income producing security.* |
| (b) | *Represents less than 0.05% of net assets.* |
| (c) | *Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of June 30, 2025, the value of these securities total $16,669,311 or 1.9% of the Fund's net assets.* |
| (d) | *Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements, is available from the SEC's EDGAR database at www.sec.gov.* |
| (e) | *The rate shown represents the 7-day annualized effective yield as of June 30, 2025.* |
| (f) | *Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption registration. The security has been deemed liquid under guidelines approved by the Fund's Board of Trustees. At June 30, 2025, the value of these securities was $1,814,557, representing 0.2 % of net assets.* |
| *ADR* | *American Depositary Receipt* |
| *ASA* | *Advanced Subscription Agreement* |
| *ETF* | *Exchange-Traded Fund* |
| *GDR* | *Global Depositary Receipt* |

---

------

---

| |
|:---|
| **First American Multi-Manager International Equity Fund** |
| **Schedule of Investments (unaudited) (concluded)** |
| **June 30, 2025** |

---

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks: |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Australia | $1712048 | $9037676 | $– | $10749724 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Austria | – | 2521293 | – | 2521293 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belgium | – | 797354 | – | 797354 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bermuda | 2902674 | – | – | 2902674 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brazil | 10023675 | – | – | 10023675 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Britain | 7028659 | 47412559 | – | 54441218 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada | 15197597 | – | – | 15197597 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chile | – | 423392 | – | 423392 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China | 3341901 | 34046902 | – | 37388803 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Curacao | – | 73246 | – | 73246 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Denmark | 131483 | 6979832 | – | 7111315 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finland | – | 522600 | – | 522600 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;France | – | 27348732 | – | 27348732 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Germany | – | 54616715 | – | 54616715 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Greece | – | 1207474 | – | 1207474 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hong Kong | – | 5026163 | – | 5026163 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hungary | – | 598683 | – | 598683 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;India | 9063068 | 17133654 | – | 26196722 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indonesia | – | 1025964 | – | 1025964 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ireland | 2222062 | 4665480 | – | 6887542 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Israel | 4050803 | 18250 | – | 4069053 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Italy | – | 8153842 | – | 8153842 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan | – | 51061422 | – | 51061422 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Luxembourg | 237456 | – | – | 237456 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mexico | 3743596 | – | – | 3743596 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netherlands | 4168831 | 14262280 | – | 18431111 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Zealand | – | 9798 | – | 9798 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Norway | – | 655115 | – | 655115 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peru | 2660112 | – | – | 2660112 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Poland | – | 1876224 | – | 1876224 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portugal | – | 2015227 | – | 2015227 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saudi Arabia | – | 872255 | – | 872255 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Singapore | 11081758 | 3449233 | – | 14530991 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Africa | – | 3373275 | – | 3373275 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Korea | – | 10006642 | – | 10006642 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spain | – | 5089923 | – | 5089923 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sweden | 7984548 | 1361603 | – | 9346151 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Switzerland | 176469 | 20371741 | – | 20548210 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan | 6330396 | 26909894 | – | 33240290 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Arab Emirates | – | 4631806 | – | 4631806 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States | 12247286 | – | – | 12247286 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uruguay | 7221460 | – | – | 7221460 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Total Common Stocks | 111525882 | 367556249 | – | 479082131 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 1173779 | – | – | 1173779 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange-Traded Funds | 390930821 | – | – | 390930821 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Rights | – | 18925 | – | 18925 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 13813333 | – | – | 13813333 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Investments**\* | $517443815 | $367575174 | $– | $885018989 |
| \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* |

---

------

---

| | | |
|:---|:---|:---|
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited)** | **Schedule of Investments (unaudited)** | **Schedule of Investments (unaudited)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS - 20.8%** | **U.S. CORPORATE BONDS - 20.8%** | **U.S. CORPORATE BONDS - 20.8%** |
| **BASIC MATERIALS - 0.6%** | **BASIC MATERIALS - 0.6%** | **BASIC MATERIALS - 0.6%** |
|  Air Products and Chemicals, Inc., 4.80%, 03/03/2033 | $1000000 | $1008046 |
|  CF Industries, Inc., 5.38%, 03/15/2044 | 174000 | 161530 |
| Cleveland-Cliffs, Inc. | Cleveland-Cliffs, Inc. | Cleveland-Cliffs, Inc. |
| &nbsp;&nbsp; 6.88%, 11/01/2029 <sup>(a)</sup> | 115000 | 113222 |
| &nbsp;&nbsp; 7.38%, 05/01/2033 <sup>(a)</sup> | 70000 | 65727 |
|  Dow Chemical Co., 5.60%, 02/15/2054 | 2500000 | 2275522 |
| DuPont de Nemours, Inc. | DuPont de Nemours, Inc. | DuPont de Nemours, Inc. |
| &nbsp;&nbsp; 4.73%, 11/15/2028 | 720000 | 730930 |
| &nbsp;&nbsp; 5.42%, 11/15/2048 | 70000 | 70493 |
|  Eastman Chemical Co., 5.75%, 03/08/2033 | 110000 | 114366 |
| Ecolab, Inc. | Ecolab, Inc. | Ecolab, Inc. |
| &nbsp;&nbsp; 5.25%, 01/15/2028 | 101000 | 104036 |
| &nbsp;&nbsp; 4.30%, 06/15/2028 | 56000 | 56390 |
| &nbsp;&nbsp; 2.70%, 12/15/2051 | 168000 | 103065 |
|  FMC Corp., 6.38%, 05/18/2053 | 585000 | 560530 |
| Georgia-Pacific LLC | Georgia-Pacific LLC | Georgia-Pacific LLC |
| &nbsp;&nbsp; 0.95%, 05/15/2026 <sup>(a)</sup> | 434000 | 421438 |
| &nbsp;&nbsp; 4.40%, 06/30/2028 <sup>(a)</sup> | 49000 | 49246 |
|  Newmont Corp., 2.25%, 10/01/2030 | 470000 | 423236 |
|  Novelis, Inc., 6.88%, 01/30/2030 <sup>(a)</sup> | 125000 | 129241 |
| Nucor Corp. | Nucor Corp. | Nucor Corp. |
| &nbsp;&nbsp; 4.30%, 05/23/2027 | 118000 | 118402 |
| &nbsp;&nbsp; 5.10%, 06/01/2035 | 134000 | 134418 |
|  Sherwin-Williams Co., 4.80%, 09/01/2031 | 2064000 | 2086122 |
| Steel Dynamics, Inc. | Steel Dynamics, Inc. | Steel Dynamics, Inc. |
| &nbsp;&nbsp; 5.38%, 08/15/2034 | 68000 | 69047 |
| &nbsp;&nbsp; 5.75%, 05/15/2055 | 83000 | 80450 |
|  Westlake Corp., 3.38%, 08/15/2061 | 191000 | 114011 |
| **Total Basic Materials** | **Total Basic Materials** | **8989468** |
| **COMMUNICATIONS - 0.9%** | **COMMUNICATIONS - 0.9%** | **COMMUNICATIONS - 0.9%** |
| Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. |
| &nbsp;&nbsp; 1.10%, 08/15/2030 | 2500000 | 2159703 |
| &nbsp;&nbsp; 5.25%, 05/15/2055 | 86000 | 84699 |
| &nbsp;&nbsp; 5.30%, 05/15/2065 | 86000 | 84206 |
| Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. |
| &nbsp;&nbsp; 3.30%, 04/13/2027 | 140000 | 138454 |
| &nbsp;&nbsp; 4.65%, 12/01/2029 | 89000 | 90955 |
| &nbsp;&nbsp; 3.60%, 04/13/2032 | 55000 | 52647 |
| &nbsp;&nbsp; 3.88%, 08/22/2037 | 53000 | 47941 |
| &nbsp;&nbsp; 4.05%, 08/22/2047 | 75000 | 61872 |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| &nbsp;&nbsp; 2.25%, 02/01/2032 | 1320000 | 1136057 |
| &nbsp;&nbsp; 5.40%, 02/15/2034 | 49000 | 50398 |
| &nbsp;&nbsp; 4.50%, 05/15/2035 | 172000 | 163897 |
| &nbsp;&nbsp; 4.90%, 08/15/2037 | 153000 | 146639 |
| &nbsp;&nbsp; 4.75%, 05/15/2046 | 391000 | 341173 |
| &nbsp;&nbsp; 3.50%, 09/15/2053 | 630000 | 426420 |
| &nbsp;&nbsp; 3.65%, 09/15/2059 | 28000 | 18785 |
| &nbsp;&nbsp; 3.85%, 06/01/2060 | 60000 | 41953 |
| Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital |
| &nbsp;&nbsp; 6.10%, 06/01/2029 | 89000 | 93178 |
| &nbsp;&nbsp; 6.38%, 10/23/2035 | 320000 | 336099 |
| &nbsp;&nbsp; 3.50%, 06/01/2041 | 89000 | 64569 |
| &nbsp;&nbsp; 3.50%, 03/01/2042 | 430000 | 306611 |
| &nbsp;&nbsp; 5.38%, 05/01/2047 | 400000 | 347164 |
| &nbsp;&nbsp; 4.80%, 03/01/2050 | 494000 | 395234 |
| &nbsp;&nbsp; 3.85%, 04/01/2061 | 56000 | 35878 |
|  Cisco Systems, Inc., 5.10%, 02/24/2035 | 223000 | 228264 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **COMMUNICATIONS (continued)** | **COMMUNICATIONS (continued)** | **COMMUNICATIONS (continued)** |
| Comcast Corp. | Comcast Corp. | Comcast Corp. |
| &nbsp;&nbsp; 4.15%, 10/15/2028 | $137000 | $136741 |
| &nbsp;&nbsp; 4.25%, 10/15/2030 | 90000 | 89544 |
| &nbsp;&nbsp; 4.65%, 02/15/2033 | 2500000 | 2484461 |
| &nbsp;&nbsp; 4.60%, 10/15/2038 | 99000 | 91684 |
| &nbsp;&nbsp; 4.00%, 03/01/2048 | 252000 | 194598 |
| &nbsp;&nbsp; 5.50%, 05/15/2064 | 97000 | 90335 |
| Corning, Inc. | Corning, Inc. | Corning, Inc. |
| &nbsp;&nbsp; 3.90%, 11/15/2049 | 85000 | 64324 |
| &nbsp;&nbsp; 5.45%, 11/15/2079 | 66000 | 60592 |
| Cox Communications, Inc. | Cox Communications, Inc. | Cox Communications, Inc. |
| &nbsp;&nbsp; 5.45%, 09/15/2028 <sup>(a)</sup> | 102000 | 104728 |
| &nbsp;&nbsp; 2.60%, 06/15/2031 <sup>(a)</sup> | 625000 | 546985 |
| &nbsp;&nbsp; 5.45%, 09/01/2034 <sup>(a)</sup> | 1320000 | 1301729 |
| &nbsp;&nbsp; 5.95%, 09/01/2054 <sup>(a)</sup> | 55000 | 51061 |
|  Discovery Communications LLC, 3.63%, 05/15/2030 | 72000 | 58298 |
|  Fox Corp., 5.58%, 01/25/2049 | 110000 | 103212 |
|  Meta Platforms, Inc., 5.55%, 08/15/2064 | 57000 | 55702 |
|  Motorola Solutions, Inc., 5.55%, 08/15/2035 | 153000 | 155998 |
| Paramount Global | Paramount Global | Paramount Global |
| &nbsp;&nbsp; 5.85%, 09/01/2043 | 27000 | 23499 |
| &nbsp;&nbsp; 5.25%, 04/01/2044 | 69000 | 54924 |
|  Time Warner Cable LLC, 6.55%, 05/01/2037 | 4000 | 4131 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| &nbsp;&nbsp; 3.88%, 04/15/2030 | 150000 | 145683 |
| &nbsp;&nbsp; 3.00%, 02/15/2041 | 1459000 | 1067631 |
| &nbsp;&nbsp; 3.60%, 11/15/2060 | 98000 | 65346 |
| Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. |
| &nbsp;&nbsp; 2.55%, 03/21/2031 | 477000 | 427816 |
| &nbsp;&nbsp; 4.50%, 08/10/2033 | 170000 | 165247 |
| &nbsp;&nbsp; 5.25%, 04/02/2035 | 176000 | 177466 |
| &nbsp;&nbsp; 5.40%, 07/02/2037 <sup>(a)</sup> | 21000 | 21127 |
| &nbsp;&nbsp; 3.40%, 03/22/2041 | 113000 | 87161 |
| &nbsp;&nbsp; 2.85%, 09/03/2041 | 133000 | 94216 |
| &nbsp;&nbsp; 3.88%, 03/01/2052 | 113000 | 84055 |
| &nbsp;&nbsp; 3.00%, 11/20/2060 | 210000 | 123779 |
|  Walt Disney Co., 2.00%, 09/01/2029 | 144000 | 132220 |
| **Total Communications** | **Total Communications** | **15117089** |
| **CONSUMER, CYCLICAL - 1.0%** | **CONSUMER, CYCLICAL - 1.0%** | **CONSUMER, CYCLICAL - 1.0%** |
|  AutoNation, Inc., 5.89%, 03/15/2035 | 49000 | 49696 |
|  AutoZone, Inc., 5.10%, 07/15/2029 | 46000 | 47144 |
|  Caesars Entertainment, Inc., 7.00%, 02/15/2030 <sup>(a)</sup> | 150000 | 155337 |
|  Cummins, Inc., 5.45%, 02/20/2054 | 1000000 | 968383 |
|  Daimler Truck Finance North America LLC, 5.13%, 01/19/2028 <sup>(a)</sup> | 159000 | 161359 |
|  Dana, Inc., 5.38%, 11/15/2027 | 75000 | 75252 |
|  Darden Restaurants, Inc., 4.35%, 10/15/2027 | 74000 | 74142 |
|  Delta Air Lines 2020-1 Class A Pass Through Trust, 2.50%, 06/10/2028 | 1425334 | 1346499 |
|  Delta Air Lines 2020-1 Class AA Pass Through Trust, 2.00%, 06/10/2028 | 350515 | 329918 |
|  Ford Motor Co., 4.75%, 01/15/2043 | 150000 | 115342 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| &nbsp;&nbsp; 4.13%, 08/04/2025 | 200000 | 199793 |
| &nbsp;&nbsp; 5.85%, 05/17/2027 | 1200000 | 1209132 |
| &nbsp;&nbsp; 5.11%, 05/03/2029 | 1500000 | 1466684 |
| &nbsp;&nbsp; 5.88%, 11/07/2029 | 400000 | 401174 |
| &nbsp;&nbsp; 6.05%, 11/05/2031 | 205000 | 203943 |
| Gap, Inc. | Gap, Inc. | Gap, Inc. |
| &nbsp;&nbsp; 3.63%, 10/01/2029 <sup>(a)</sup> | 50000 | 46438 |
| &nbsp;&nbsp; 3.88%, 10/01/2031 <sup>(a)</sup> | 125000 | 111729 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **CONSUMER, CYCLICAL (continued)** | **CONSUMER, CYCLICAL (continued)** | **CONSUMER, CYCLICAL (continued)** |
| General Motors Co. | General Motors Co. | General Motors Co. |
| &nbsp;&nbsp; 5.35%, 04/15/2028 | $106000 | $107611 |
| &nbsp;&nbsp; 6.60%, 04/01/2036 | 840000 | 889648 |
| General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. |
| &nbsp;&nbsp; 2.40%, 10/15/2028 | 1155000 | 1074987 |
| &nbsp;&nbsp; 5.75%, 02/08/2031 | 47000 | 48294 |
| &nbsp;&nbsp; 2.70%, 06/10/2031 | 108000 | 94547 |
| &nbsp;&nbsp; 5.60%, 06/18/2031 | 299000 | 304963 |
|  Home Depot, Inc., 4.90%, 04/15/2029 | 87000 | 89259 |
| Hyundai Capital America | Hyundai Capital America | Hyundai Capital America |
| &nbsp;&nbsp; 4.85%, 03/25/2027 <sup>(a)</sup> | 89000 | 89374 |
| &nbsp;&nbsp; 4.88%, 11/01/2027 <sup>(a)</sup> | 177000 | 177800 |
| &nbsp;&nbsp; 4.55%, 09/26/2029 <sup>(a)</sup> | 445000 | 441031 |
| &nbsp;&nbsp; 5.40%, 06/23/2032 <sup>(a)</sup> | 107000 | 108370 |
|  Lennar Corp., 5.20%, 07/30/2030 | 70000 | 71316 |
| Lowe's Cos., Inc. | Lowe's Cos., Inc. | Lowe's Cos., Inc. |
| &nbsp;&nbsp; 2.80%, 09/15/2041 | 1250000 | 873272 |
| &nbsp;&nbsp; 3.70%, 04/15/2046 | 80000 | 59513 |
| &nbsp;&nbsp; 5.75%, 07/01/2053 | 1150000 | 1124279 |
| Marriott International, Inc./MD | Marriott International, Inc./MD | Marriott International, Inc./MD |
| &nbsp;&nbsp; 2.85%, 04/15/2031 | 145000 | 131663 |
| &nbsp;&nbsp; 3.50%, 10/15/2032 | 894000 | 812713 |
| &nbsp;&nbsp; 5.50%, 04/15/2037 | 56000 | 56009 |
| McDonald's Corp. | McDonald's Corp. | McDonald's Corp. |
| &nbsp;&nbsp; 4.80%, 08/14/2028 | 268000 | 273023 |
| &nbsp;&nbsp; 3.63%, 09/01/2049 | 131000 | 95019 |
| Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. |
| &nbsp;&nbsp; 6.38%, 05/15/2030 | 60000 | 58369 |
| &nbsp;&nbsp; 6.63%, 05/15/2032 | 35000 | 33389 |
| O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. |
| &nbsp;&nbsp; 5.75%, 11/20/2026 | 88000 | 89559 |
| &nbsp;&nbsp; 3.60%, 09/01/2027 | 168000 | 165744 |
|  Stellantis Finance US, Inc., 6.45%, 03/18/2035 <sup>(a)</sup> | 208000 | 209015 |
|  Taylor Morrison Communities, Inc., 5.13%, 08/01/2030 <sup>(a)</sup> | 100000 | 99649 |
| United Airlines, Inc. | United Airlines, Inc. | United Airlines, Inc. |
| &nbsp;&nbsp; 4.38%, 04/15/2026 <sup>(a)</sup> | 185000 | 183777 |
| &nbsp;&nbsp; 4.63%, 04/15/2029 <sup>(a)</sup> | 35000 | 33973 |
|  Walmart, Inc., 1.80%, 09/22/2031 | 1175000 | 1023625 |
| Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. |
| &nbsp;&nbsp; 4.28%, 03/15/2032 | 50000 | 41875 |
| &nbsp;&nbsp; 5.05%, 03/15/2042 | 306000 | 206550 |
| &nbsp;&nbsp; 5.14%, 03/15/2052 | 273000 | 169943 |
|  Whirlpool Corp., 6.13%, 06/15/2030 | 40000 | 40352 |
|  William Carter Co., 5.63%, 03/15/2027 <sup>(a)</sup> | 250000 | 248446 |
|  Wolverine World Wide, Inc., 4.00%, 08/15/2029 <sup>(a)</sup> | 150000 | 134490 |
| **Total Consumer, Cyclical** | **Total Consumer, Cyclical** | **16623412** |
| **CONSUMER, NON-CYCLICAL - 3.5%** | **CONSUMER, NON-CYCLICAL - 3.5%** | **CONSUMER, NON-CYCLICAL - 3.5%** |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| &nbsp;&nbsp; 4.95%, 03/15/2031 | 115000 | 118063 |
| &nbsp;&nbsp; 4.55%, 03/15/2035 | 380000 | 368942 |
| &nbsp;&nbsp; 4.05%, 11/21/2039 | 200000 | 175301 |
| &nbsp;&nbsp; 4.75%, 03/15/2045 | 150000 | 135171 |
| &nbsp;&nbsp; 4.25%, 11/21/2049 | 362000 | 298220 |
| Agilent Technologies, Inc. | Agilent Technologies, Inc. | Agilent Technologies, Inc. |
| &nbsp;&nbsp; 2.75%, 09/15/2029 | 171000 | 160053 |
| &nbsp;&nbsp; 2.30%, 03/12/2031 | 261000 | 231284 |
|  Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC, 3.50%, 03/15/2029 <sup>(a)</sup> | 175000 | 165791 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **CONSUMER, NON-CYCLICAL (continued)** | **CONSUMER, NON-CYCLICAL (continued)** | **CONSUMER, NON-CYCLICAL (continued)** |
| Amgen, Inc. | Amgen, Inc. | Amgen, Inc. |
| &nbsp;&nbsp; 5.15%, 03/02/2028 | $115000 | $117503 |
| &nbsp;&nbsp; 5.25%, 03/02/2030 | 51000 | 52549 |
| &nbsp;&nbsp; 5.25%, 03/02/2033 | 140000 | 143363 |
| &nbsp;&nbsp; 5.15%, 11/15/2041 | 55000 | 51829 |
| &nbsp;&nbsp; 4.40%, 05/01/2045 | 46000 | 39133 |
| &nbsp;&nbsp; 5.65%, 03/02/2053 | 159000 | 155247 |
| &nbsp;&nbsp; 5.75%, 03/02/2063 | 84000 | 81664 |
| Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. |
| &nbsp;&nbsp; 4.70%, 02/01/2036 | 120000 | 117090 |
| &nbsp;&nbsp; 4.90%, 02/01/2046 | 226000 | 207161 |
| Ascension Health | Ascension Health | Ascension Health |
| &nbsp;&nbsp; 2.53%, 11/15/2029 | 630000 | 587232 |
| &nbsp;&nbsp; 3.11%, 11/15/2039 | 120000 | 93904 |
| Astrazeneca Finance LLC | Astrazeneca Finance LLC | Astrazeneca Finance LLC |
| &nbsp;&nbsp; 4.88%, 03/03/2028 | 155000 | 158282 |
| &nbsp;&nbsp; 4.85%, 02/26/2029 | 186000 | 190210 |
| &nbsp;&nbsp; 4.90%, 03/03/2030 | 168000 | 172343 |
|  Automatic Data Processing, Inc., 4.45%, 09/09/2034 | 1000000 | 980652 |
| BAT Capital Corp. | BAT Capital Corp. | BAT Capital Corp. |
| &nbsp;&nbsp; 6.34%, 08/02/2030 | 130000 | 140085 |
| &nbsp;&nbsp; 2.73%, 03/25/2031 | 620000 | 558341 |
| &nbsp;&nbsp; 4.39%, 08/15/2037 | 730000 | 652778 |
| Becton Dickinson & Co. | Becton Dickinson & Co. | Becton Dickinson & Co. |
| &nbsp;&nbsp; 4.69%, 02/13/2028 | 149000 | 150456 |
| &nbsp;&nbsp; 4.30%, 08/22/2032 | 68000 | 65969 |
|  Biogen, Inc., 6.45%, 05/15/2055 | 96000 | 98862 |
| Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. |
| &nbsp;&nbsp; 5.75%, 02/01/2031 | 173000 | 184305 |
| &nbsp;&nbsp; 3.25%, 08/01/2042 | 62000 | 46392 |
|  Bunge Ltd. Finance Corp., 2.75%, 05/14/2031 | 1450000 | 1312549 |
| Cardinal Health, Inc. | Cardinal Health, Inc. | Cardinal Health, Inc. |
| &nbsp;&nbsp; 5.13%, 02/15/2029 | 70000 | 71782 |
| &nbsp;&nbsp; 4.60%, 03/15/2043 | 300000 | 257008 |
| &nbsp;&nbsp; 4.50%, 11/15/2044 | 265000 | 222548 |
| &nbsp;&nbsp; 5.75%, 11/15/2054 | 57000 | 56182 |
| Cencora, Inc. | Cencora, Inc. | Cencora, Inc. |
| &nbsp;&nbsp; 5.13%, 02/15/2034 | 172000 | 173358 |
| &nbsp;&nbsp; 4.30%, 12/15/2047 | 86000 | 69627 |
| Cigna Group (The) | Cigna Group (The) | Cigna Group (The) |
| &nbsp;&nbsp; 4.38%, 10/15/2028 | 73000 | 73088 |
| &nbsp;&nbsp; 2.40%, 03/15/2030 | 374000 | 341282 |
| &nbsp;&nbsp; 2.38%, 03/15/2031 | 215000 | 191133 |
| &nbsp;&nbsp; 3.88%, 10/15/2047 | 64000 | 48096 |
| &nbsp;&nbsp; 3.40%, 03/15/2050 | 249000 | 168838 |
|  CommonSpirit Health, 5.32%, 12/01/2034 | 1030000 | 1032212 |
| Conagra Brands, Inc. | Conagra Brands, Inc. | Conagra Brands, Inc. |
| &nbsp;&nbsp; 7.00%, 10/01/2028 | 181000 | 193570 |
| &nbsp;&nbsp; 5.40%, 11/01/2048 | 115000 | 103657 |
|  Conservation Fund A Nonprofit Corp., 3.47%, 12/15/2029 | 1000000 | 944125 |
|  Constellation Brands, Inc., 4.35%, 05/09/2027 | 77000 | 77007 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| &nbsp;&nbsp; 5.55%, 06/01/2031 | 150000 | 155820 |
| &nbsp;&nbsp; 4.78%, 03/25/2038 | 365000 | 334971 |
| &nbsp;&nbsp; 2.70%, 08/21/2040 | 745000 | 513701 |
| &nbsp;&nbsp; 5.13%, 07/20/2045 | 599000 | 530483 |
|  Dcli Bidco LLC, 7.75%, 11/15/2029 <sup>(a)</sup> | 200000 | 202592 |
|  Duke University Health System, Inc., 3.92%, 06/01/2047 | 70000 | 55212 |
|  Elevance Health, Inc., 6.10%, 10/15/2052 | 19000 | 19362 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **CONSUMER, NON-CYCLICAL (continued)** | **CONSUMER, NON-CYCLICAL (continued)** | **CONSUMER, NON-CYCLICAL (continued)** |
| Eli Lilly & Co. | Eli Lilly & Co. | Eli Lilly & Co. |
| &nbsp;&nbsp; 3.10%, 05/15/2027 | $50000 | $49309 |
| &nbsp;&nbsp; 4.75%, 02/12/2030 | 98000 | 100477 |
| &nbsp;&nbsp; 4.60%, 08/14/2034 | 102000 | 101074 |
| &nbsp;&nbsp; 5.00%, 02/09/2054 | 335000 | 313057 |
| &nbsp;&nbsp; 5.20%, 08/14/2064 | 125000 | 118324 |
|  Ford Foundation (The), 2.82%, 06/01/2070 | 1191000 | 664206 |
| GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. |
| &nbsp;&nbsp; 5.65%, 11/15/2027 | 200000 | 206055 |
| &nbsp;&nbsp; 5.50%, 06/15/2035 | 50000 | 51202 |
|  General Mills, Inc., 4.95%, 03/29/2033 | 1500000 | 1502036 |
| Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. |
| &nbsp;&nbsp; 4.80%, 11/15/2029 | 117000 | 119421 |
| &nbsp;&nbsp; 5.10%, 06/15/2035 | 77000 | 77986 |
|  GlaxoSmithKline Capital, Inc., 4.50%, 04/15/2030 | 102000 | 102811 |
|  GXO Logistics, Inc., 6.25%, 05/06/2029 | 95000 | 99180 |
| Haleon US Capital LLC | Haleon US Capital LLC | Haleon US Capital LLC |
| &nbsp;&nbsp; 3.38%, 03/24/2029 | 1500000 | 1450501 |
| &nbsp;&nbsp; 4.00%, 03/24/2052 | 250000 | 193005 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. |
| &nbsp;&nbsp; 3.38%, 03/15/2029 | 64000 | 61488 |
| &nbsp;&nbsp; 3.50%, 09/01/2030 | 145000 | 137117 |
| &nbsp;&nbsp; 5.45%, 04/01/2031 | 98000 | 101052 |
| &nbsp;&nbsp; 5.50%, 03/01/2032 | 108000 | 111460 |
| &nbsp;&nbsp; 7.75%, 07/15/2036 | 150000 | 172532 |
| &nbsp;&nbsp; 5.25%, 06/15/2049 | 87000 | 77287 |
| &nbsp;&nbsp; 3.50%, 07/15/2051 | 166000 | 109963 |
| &nbsp;&nbsp; 4.63%, 03/15/2052 | 185000 | 148669 |
| Herc Holdings, Inc. | Herc Holdings, Inc. | Herc Holdings, Inc. |
| &nbsp;&nbsp; 7.00%, 06/15/2030 <sup>(a)</sup> | 80000 | 83549 |
| &nbsp;&nbsp; 7.25%, 06/15/2033 <sup>(a)</sup> | 40000 | 41912 |
|  Hershey Co., 4.55%, 02/24/2028 | 81000 | 82025 |
|  Hormel Foods Corp., 4.80%, 03/30/2027 | 132000 | 133345 |
| Humana, Inc. | Humana, Inc. | Humana, Inc. |
| &nbsp;&nbsp; 4.88%, 04/01/2030 | 159000 | 160076 |
| &nbsp;&nbsp; 5.88%, 03/01/2033 | 53000 | 54772 |
| Johnson & Johnson | Johnson & Johnson | Johnson & Johnson |
| &nbsp;&nbsp; 4.90%, 06/01/2031 | 1150000 | 1189155 |
| &nbsp;&nbsp; 2.25%, 09/01/2050 | 1000000 | 585489 |
|  Kaiser Foundation Hospitals, 2.81%, 06/01/2041 | 2500000 | 1782843 |
|  Kellanova, 7.45%, 04/01/2031 | 217000 | 248628 |
|  Kenvue, Inc., 4.85%, 05/22/2032 | 104000 | 105251 |
|  Keurig Dr Pepper, Inc., 2.25%, 03/15/2031 | 1247000 | 1100688 |
| Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. |
| &nbsp;&nbsp; 5.20%, 03/15/2032 | 73000 | 74324 |
| &nbsp;&nbsp; 4.38%, 06/01/2046 | 319000 | 258080 |
| &nbsp;&nbsp; 4.88%, 10/01/2049 | 88000 | 75555 |
| Kroger Co. | Kroger Co. | Kroger Co. |
| &nbsp;&nbsp; 5.00%, 09/15/2034 | 66000 | 65528 |
| &nbsp;&nbsp; 3.88%, 10/15/2046 | 40000 | 30410 |
| &nbsp;&nbsp; 5.50%, 09/15/2054 | 123000 | 116758 |
| &nbsp;&nbsp; 5.65%, 09/15/2064 | 212000 | 200687 |
| Lamb Weston Holdings, Inc. | Lamb Weston Holdings, Inc. | Lamb Weston Holdings, Inc. |
| &nbsp;&nbsp; 4.13%, 01/31/2030 <sup>(a)</sup> | 75000 | 71520 |
| &nbsp;&nbsp; 4.38%, 01/31/2032 <sup>(a)</sup> | 225000 | 210712 |
| Mars, Inc. | Mars, Inc. | Mars, Inc. |
| &nbsp;&nbsp; 4.65%, 04/20/2031 <sup>(a)</sup> | 2680000 | 2713040 |
| &nbsp;&nbsp; 5.20%, 03/01/2035 <sup>(a)</sup> | 1320000 | 1335812 |
| &nbsp;&nbsp; 5.65%, 05/01/2045 <sup>(a)</sup> | 106000 | 106256 |
| &nbsp;&nbsp; 5.70%, 05/01/2055 <sup>(a)</sup> | 81000 | 80802 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **CONSUMER, NON-CYCLICAL (continued)** | **CONSUMER, NON-CYCLICAL (continued)** | **CONSUMER, NON-CYCLICAL (continued)** |
| Massachusetts Institute of Technology | Massachusetts Institute of Technology | Massachusetts Institute of Technology |
| &nbsp;&nbsp; 4.68%, 07/01/2114 | $150000 | $124673 |
| &nbsp;&nbsp; 3.89%, 07/01/2116 | 75000 | 51867 |
|  Mather Foundation, 2.68%, 10/01/2031 | 1000000 | 857443 |
|  McKesson Corp., 4.95%, 05/30/2032 | 182000 | 184440 |
|  Medline Borrower LP, 3.88%, 04/01/2029 <sup>(a)</sup> | 175000 | 167867 |
| Mylan, Inc. | Mylan, Inc. | Mylan, Inc. |
| &nbsp;&nbsp; 5.40%, 11/29/2043 | 180000 | 151486 |
| &nbsp;&nbsp; 5.20%, 04/15/2048 | 135000 | 107154 |
|  NBM US Holdings, Inc., 6.63%, 08/06/2029 <sup>(a)</sup> | 800000 | 804618 |
|  Novartis Capital Corp., 4.00%, 09/18/2031 | 95000 | 93558 |
|  Organon & Co. / Organon Foreign Debt Co.-Issuer BV, 4.13%, 04/30/2028 <sup>(a)</sup> | 275000 | 264487 |
|  Orlando Health Obligated Group, 4.09%, 10/01/2048 | 50000 | 40151 |
| PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. |
| &nbsp;&nbsp; 4.45%, 02/07/2028 | 117000 | 118451 |
| &nbsp;&nbsp; 3.60%, 02/18/2028 | 94000 | 93191 |
| &nbsp;&nbsp; 3.50%, 03/19/2040 | 3000000 | 2486635 |
| &nbsp;&nbsp; 4.00%, 03/05/2042 | 42000 | 35534 |
| &nbsp;&nbsp; 2.88%, 10/15/2049 | 1000000 | 656803 |
| Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. |
| &nbsp;&nbsp; 5.25%, 09/07/2028 | 575000 | 591417 |
| &nbsp;&nbsp; 5.13%, 02/15/2030 | 1165000 | 1198582 |
| &nbsp;&nbsp; 5.50%, 09/07/2030 | 480000 | 501747 |
|  Pilgrim's Pride Corp., 6.25%, 07/01/2033 | 310000 | 327757 |
| President and Fellows of Harvard College | President and Fellows of Harvard College | President and Fellows of Harvard College |
| &nbsp;&nbsp; 5.63%, 10/01/2038 | 210000 | 221506 |
| &nbsp;&nbsp; 6.50%, 01/15/2039 <sup>(a)</sup> | 105000 | 119041 |
| Procter & Gamble Co. | Procter & Gamble Co. | Procter & Gamble Co. |
| &nbsp;&nbsp; 1.20%, 10/29/2030 | 1150000 | 992610 |
| &nbsp;&nbsp; 4.55%, 01/29/2034 | 1000000 | 1002949 |
|  Providence St. Joseph Health Obligated Group, 2.53%, 10/01/2029 | 110000 | 101286 |
| Quanta Services, Inc. | Quanta Services, Inc. | Quanta Services, Inc. |
| &nbsp;&nbsp; 2.90%, 10/01/2030 | 112000 | 103248 |
| &nbsp;&nbsp; 2.35%, 01/15/2032 | 118000 | 101591 |
| &nbsp;&nbsp; 5.25%, 08/09/2034 | 133000 | 134629 |
| &nbsp;&nbsp; 3.05%, 10/01/2041 | 100000 | 70910 |
|  RELX Capital, Inc., 5.25%, 03/27/2035 | 520000 | 532097 |
| Roche Holdings, Inc. | Roche Holdings, Inc. | Roche Holdings, Inc. |
| &nbsp;&nbsp; 5.49%, 11/13/2030 <sup>(a)</sup> | 231000 | 244227 |
| &nbsp;&nbsp; 4.91%, 03/08/2031 <sup>(a)</sup> | 200000 | 204982 |
| &nbsp;&nbsp; 5.59%, 11/13/2033 <sup>(a)</sup> | 980000 | 1039230 |
| &nbsp;&nbsp; 4.59%, 09/09/2034 <sup>(a)</sup> | 410000 | 405813 |
|  S&P Global, Inc., 2.70%, 03/01/2029 | 149000 | 141221 |
| Sutter Health | Sutter Health | Sutter Health |
| &nbsp;&nbsp; 5.16%, 08/15/2033 | 409000 | 414598 |
| &nbsp;&nbsp; 4.09%, 08/15/2048 | 125000 | 99800 |
| Sysco Corp. | Sysco Corp. | Sysco Corp. |
| &nbsp;&nbsp; 2.40%, 02/15/2030 | 2500000 | 2286738 |
| &nbsp;&nbsp; 5.10%, 09/23/2030 | 145000 | 148556 |
| &nbsp;&nbsp; 4.50%, 04/01/2046 | 189000 | 158212 |
| &nbsp;&nbsp; 4.45%, 03/15/2048 | 176000 | 146223 |
|  Tenet Healthcare Corp., 4.38%, 01/15/2030 | 200000 | 193600 |
|  Thermo Fisher Scientific, Inc., 5.00%, 01/31/2029 | 88000 | 90353 |
|  Trustees of Boston College, 3.13%, 07/01/2052 | 169000 | 115713 |
| Trustees of Princeton University (The) | Trustees of Princeton University (The) | Trustees of Princeton University (The) |
| &nbsp;&nbsp; 5.70%, 03/01/2039 | 495000 | 529762 |
| &nbsp;&nbsp; 2.52%, 07/01/2050 | 90000 | 55002 |
| Unilever Capital Corp. | Unilever Capital Corp. | Unilever Capital Corp. |
| &nbsp;&nbsp; 2.13%, 09/06/2029 | 675000 | 622292 |
| &nbsp;&nbsp; 4.63%, 08/12/2034 | 1950000 | 1935132 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **CONSUMER, NON-CYCLICAL (continued)** | **CONSUMER, NON-CYCLICAL (continued)** | **CONSUMER, NON-CYCLICAL (continued)** |
| United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. |
| &nbsp;&nbsp; 5.25%, 01/15/2030 | $45000 | $45119 |
| &nbsp;&nbsp; 3.88%, 02/15/2031 | 62000 | 58302 |
| &nbsp;&nbsp; 3.75%, 01/15/2032 | 50000 | 45928 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| &nbsp;&nbsp; 4.90%, 04/15/2031 | 102000 | 103655 |
| &nbsp;&nbsp; 4.50%, 04/15/2033 | 1560000 | 1520413 |
| &nbsp;&nbsp; 5.00%, 04/15/2034 | 470000 | 469820 |
| &nbsp;&nbsp; 5.30%, 06/15/2035 | 75000 | 76442 |
| &nbsp;&nbsp; 4.75%, 05/15/2052 | 691000 | 588611 |
| &nbsp;&nbsp; 4.95%, 05/15/2062 | 62000 | 53205 |
| &nbsp;&nbsp; 5.75%, 07/15/2064 | 275000 | 267471 |
|  University of Chicago (The), 2.76%, 04/01/2045 | 100000 | 77177 |
|  Utah Acquisition Sub, Inc., 5.25%, 06/15/2046 | 140000 | 113574 |
| Viatris, Inc. | Viatris, Inc. | Viatris, Inc. |
| &nbsp;&nbsp; 3.85%, 06/22/2040 | 96000 | 70905 |
| &nbsp;&nbsp; 4.00%, 06/22/2050 | 153000 | 101920 |
| Zoetis, Inc. | Zoetis, Inc. | Zoetis, Inc. |
| &nbsp;&nbsp; 2.00%, 05/15/2030 | 675000 | 606629 |
| &nbsp;&nbsp; 5.60%, 11/16/2032 | 73000 | 77074 |
| **Total Consumer, Non-Cyclical** | **Total Consumer, Non-Cyclical** | **56167234** |
| **ENERGY - 1.7%** | **ENERGY - 1.7%** | **ENERGY - 1.7%** |
|  APA Corp., 5.35%, 07/01/2049 <sup>(a)</sup> | 470000 | 373071 |
| BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. |
| &nbsp;&nbsp; 3.54%, 04/06/2027 | 301000 | 297883 |
| &nbsp;&nbsp; 2.77%, 11/10/2050 | 1000000 | 610161 |
| Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP |
| &nbsp;&nbsp; 5.95%, 06/30/2033 | 500000 | 521918 |
| &nbsp;&nbsp; 5.55%, 10/30/2035 <sup>(a)</sup> | 82000 | 82645 |
|  Chevron Corp., 2.24%, 05/11/2030 | 249000 | 227374 |
|  Chevron USA, Inc., 4.20%, 10/15/2049 | 52000 | 41354 |
|  Civitas Resources, Inc., 8.63%, 11/01/2030 <sup>(a)</sup> | 25000 | 25381 |
|  Colonial Enterprises, Inc., 3.25%, 05/15/2030 <sup>(a)</sup> | 510000 | 469612 |
|  Columbia Pipelines Operating Co. LLC, 5.93%, 08/15/2030 <sup>(a)</sup> | 215000 | 226960 |
| ConocoPhillips Co. | ConocoPhillips Co. | ConocoPhillips Co. |
| &nbsp;&nbsp; 5.05%, 09/15/2033 | 750000 | 763309 |
| &nbsp;&nbsp; 5.30%, 05/15/2053 | 950000 | 876103 |
|  Continental Wind LLC, 6.00%, 02/28/2033 <sup>(a)</sup> | 888416 | 912814 |
| DCP Midstream Operating LP | DCP Midstream Operating LP | DCP Midstream Operating LP |
| &nbsp;&nbsp; 5.13%, 05/15/2029 | 320000 | 325066 |
| &nbsp;&nbsp; 6.75%, 09/15/2037 <sup>(a)</sup> | 550000 | 579145 |
| Diamondback Energy, Inc. | Diamondback Energy, Inc. | Diamondback Energy, Inc. |
| &nbsp;&nbsp; 3.50%, 12/01/2029 | 90000 | 86096 |
| &nbsp;&nbsp; 6.25%, 03/15/2033 | 1395000 | 1485695 |
| &nbsp;&nbsp; 5.55%, 04/01/2035 | 975000 | 985585 |
| &nbsp;&nbsp; 4.40%, 03/24/2051 | 117000 | 90279 |
| &nbsp;&nbsp; 6.25%, 03/15/2053 | 51000 | 50426 |
| Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
| &nbsp;&nbsp; 6.50% to 11/15/2026 then 5 yr. CMT Rate + 5.69%, Perpetual | 1500000 | 1506702 |
| &nbsp;&nbsp; 4.95%, 05/15/2028 | 189000 | 191672 |
| &nbsp;&nbsp; 4.95%, 06/15/2028 | 115000 | 116708 |
| &nbsp;&nbsp; 6.55%, 12/01/2033 | 760000 | 824572 |
| &nbsp;&nbsp; 5.15%, 02/01/2043 | 135000 | 118130 |
| &nbsp;&nbsp; 5.30%, 04/15/2047 | 110000 | 97023 |
| &nbsp;&nbsp; 5.40%, 10/01/2047 | 254000 | 226192 |
| &nbsp;&nbsp; 5.00%, 05/15/2050 | 850000 | 710320 |
| Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC |
| &nbsp;&nbsp; 4.60%, 01/15/2031 | 72000 | 72548 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **ENERGY (continued)** | **ENERGY (continued)** | **ENERGY (continued)** |
| Enterprise Products Operating LLC (continued) | Enterprise Products Operating LLC (continued) | Enterprise Products Operating LLC (continued) |
| &nbsp;&nbsp; 4.85%, 08/15/2042 | $200000 | $182883 |
| &nbsp;&nbsp; 3.70%, 01/31/2051 | 47000 | 33936 |
|  Expand Energy Corp., 4.75%, 02/01/2032 | 268000 | 260599 |
|  Florida Gas Transmission Co. LLC, 2.30%, 10/01/2031 <sup>(a)</sup> | 355000 | 306977 |
|  Gray Oak Pipeline LLC, 3.45%, 10/15/2027 <sup>(a)</sup> | 192000 | 187816 |
|  Halliburton Co., 4.75%, 08/01/2043 | 122000 | 105790 |
| HF Sinclair Corp. | HF Sinclair Corp. | HF Sinclair Corp. |
| &nbsp;&nbsp; 5.00%, 02/01/2028 | 96000 | 96028 |
| &nbsp;&nbsp; 6.25%, 01/15/2035 | 80000 | 81205 |
| Hilcorp Energy I LP / Hilcorp Finance Co. | Hilcorp Energy I LP / Hilcorp Finance Co. | Hilcorp Energy I LP / Hilcorp Finance Co. |
| &nbsp;&nbsp; 6.00%, 04/15/2030 <sup>(a)</sup> | 75000 | 72911 |
| &nbsp;&nbsp; 6.25%, 04/15/2032 <sup>(a)</sup> | 100000 | 95487 |
|  Kinder Morgan Energy Partners LP, 5.50%, 03/01/2044 | 98000 | 92361 |
|  Marathon Petroleum Corp., 5.70%, 03/01/2035 | 150000 | 152126 |
| MPLX LP | MPLX LP | MPLX LP |
| &nbsp;&nbsp; 1.75%, 03/01/2026 | 1655000 | 1623031 |
| &nbsp;&nbsp; 5.40%, 04/01/2035 | 77000 | 76447 |
| &nbsp;&nbsp; 4.70%, 04/15/2048 | 245000 | 198763 |
|  Murray Energy Corp., 12.00%, 04/15/2024 <sup>(a)(b)(l)</sup> | 180991 | 0 |
|  Northwest Pipeline LLC, 4.00%, 04/01/2027 | 1655000 | 1644035 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| &nbsp;&nbsp; 6.13%, 01/01/2031 | 140000 | 144931 |
| &nbsp;&nbsp; 6.45%, 09/15/2036 | 81000 | 82873 |
| &nbsp;&nbsp; 4.40%, 04/15/2046 | 185000 | 135642 |
| &nbsp;&nbsp; 6.05%, 10/01/2054 | 675000 | 618441 |
|  ONEOK Partners LP, 6.65%, 10/01/2036 | 119000 | 127848 |
| ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. |
| &nbsp;&nbsp; 3.10%, 03/15/2030 | 610000 | 569622 |
| &nbsp;&nbsp; 4.75%, 10/15/2031 | 137000 | 135641 |
| &nbsp;&nbsp; 4.95%, 07/13/2047 | 150000 | 125908 |
| &nbsp;&nbsp; 5.20%, 07/15/2048 | 300000 | 259744 |
| &nbsp;&nbsp; 4.50%, 03/15/2050 | 70000 | 54029 |
|  Ovintiv, Inc., 7.38%, 11/01/2031 | 231000 | 251079 |
|  Pioneer Natural Resources Co., 5.10%, 03/29/2026 | 77000 | 77368 |
|  Sabine Pass Liquefaction LLC, 5.90%, 09/15/2037 | 65000 | 67609 |
|  Sunoco LP, 6.25%, 07/01/2033 <sup>(a)</sup> | 1500000 | 1525048 |
|  Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 6.00%, 12/31/2030 <sup>(a)</sup> | 175000 | 171713 |
| Targa Resources Corp. | Targa Resources Corp. | Targa Resources Corp. |
| &nbsp;&nbsp; 6.50%, 03/30/2034 | 860000 | 924161 |
| &nbsp;&nbsp; 5.50%, 02/15/2035 | 150000 | 150525 |
|  Targa Resources Partners LP / Targa Resources Partners Finance Corp., 5.50%, 03/01/2030 | 88000 | 89309 |
| Topaz Solar Farms LLC | Topaz Solar Farms LLC | Topaz Solar Farms LLC |
| &nbsp;&nbsp; 4.88%, 09/30/2039 <sup>(a)</sup> | 276151 | 243013 |
| &nbsp;&nbsp; 5.75%, 09/30/2039 <sup>(a)</sup> | 866994 | 851223 |
|  Transcontinental Gas Pipe Line Co. LLC, 3.95%, 05/15/2050 | 230000 | 173711 |
|  Valero Energy Partners LP, 4.50%, 03/15/2028 | 350000 | 350835 |
| Venture Global Calcasieu Pass LLC | Venture Global Calcasieu Pass LLC | Venture Global Calcasieu Pass LLC |
| &nbsp;&nbsp; 3.88%, 08/15/2029 <sup>(a)</sup> | 25000 | 23568 |
| &nbsp;&nbsp; 6.25%, 01/15/2030 <sup>(a)</sup> | 175000 | 180491 |
| &nbsp;&nbsp; 4.13%, 08/15/2031 <sup>(a)</sup> | 25000 | 23140 |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| &nbsp;&nbsp; 4.05%, 02/01/2030 <sup>(c)</sup> | 1210000 | 1163687 |
| &nbsp;&nbsp; 5.45%, 11/15/2034 | 1000000 | 980400 |
| &nbsp;&nbsp; 5.30%, 03/01/2048 | 56000 | 46732 |
| Williams Cos., Inc. | Williams Cos., Inc. | Williams Cos., Inc. |
| &nbsp;&nbsp; 4.63%, 06/30/2030 | 115000 | 115080 |
| &nbsp;&nbsp; 5.75%, 06/24/2044 | 252000 | 246945 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **ENERGY (continued)** | **ENERGY (continued)** | **ENERGY (continued)** |
| Williams Cos., Inc. (continued) | Williams Cos., Inc. (continued) | Williams Cos., Inc. (continued) |
| &nbsp;&nbsp; 4.90%, 01/15/2045 | $200000 | $175658 |
| **Total Energy** | **Total Energy** | **28191113** |
| **FINANCIAL - 6.6%** | **FINANCIAL - 6.6%** | **FINANCIAL - 6.6%** |
|  200 Park Funding Trust, 5.74%, 02/15/2055 <sup>(a)</sup> | 2425000 | 2392443 |
|  Alexandria Real Estate Equities, Inc., 4.75%, 04/15/2035 | 135000 | 129150 |
|  Ally Financial, Inc., 5.54% to 01/17/2030 then SOFR + 1.73%, 01/17/2031 | 210000 | 212951 |
| American Express Co. | American Express Co. | American Express Co. |
| &nbsp;&nbsp; 6.34% to 10/30/2025 then SOFR + 1.33%, 10/30/2026 | 885000 | 890186 |
| &nbsp;&nbsp; 5.10% to 02/16/2027 then SOFR + 1.00%, 02/16/2028 | 303000 | 306431 |
| &nbsp;&nbsp; 5.09% to 01/30/2030 then SOFR + 1.02%, 01/30/2031 | 99000 | 101324 |
| &nbsp;&nbsp; 5.67% to 04/25/2035 then SOFR + 1.79%, 04/25/2036 | 83000 | 85949 |
|  American Homes 4 Rent LP, 5.50%, 02/01/2034 | 1750000 | 1779254 |
| American Tower Corp. | American Tower Corp. | American Tower Corp. |
| &nbsp;&nbsp; 3.13%, 01/15/2027 | 108000 | 105884 |
| &nbsp;&nbsp; 5.20%, 02/15/2029 | 231000 | 236364 |
| &nbsp;&nbsp; 2.30%, 09/15/2031 | 150000 | 130133 |
|  Ameriprise Financial, Inc., 5.20%, 04/15/2035 | 2700000 | 2719864 |
| Aon North America, Inc. | Aon North America, Inc. | Aon North America, Inc. |
| &nbsp;&nbsp; 5.30%, 03/01/2031 | 184000 | 190307 |
| &nbsp;&nbsp; 5.75%, 03/01/2054 | 118000 | 116282 |
| Arthur J Gallagher & Co. | Arthur J Gallagher & Co. | Arthur J Gallagher & Co. |
| &nbsp;&nbsp; 4.85%, 12/15/2029 | 368000 | 373408 |
| &nbsp;&nbsp; 5.00%, 02/15/2032 | 1000000 | 1013484 |
| &nbsp;&nbsp; 5.75%, 03/02/2053 | 59000 | 57469 |
| Athene Global Funding | Athene Global Funding | Athene Global Funding |
| &nbsp;&nbsp; 4.86%, 08/27/2026 <sup>(a)</sup> | 131000 | 131558 |
| &nbsp;&nbsp; 1.73%, 10/02/2026 <sup>(a)</sup> | 143000 | 138037 |
| &nbsp;&nbsp; 5.32%, 11/13/2031 <sup>(a)</sup> | 209000 | 210646 |
|  Athene Holding Ltd., 3.45%, 05/15/2052 | 54000 | 34305 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp; 4.45%, 03/03/2026 | 1525000 | 1523379 |
| &nbsp;&nbsp; 3.82% to 01/20/2027 then 3 mo. Term SOFR + 1.84%, 01/20/2028 | 1367000 | 1355086 |
| &nbsp;&nbsp; 3.42% to 12/20/2027 then 3 mo. Term SOFR + 1.30%, 12/20/2028 | 544000 | 531751 |
| &nbsp;&nbsp; 3.19% to 07/23/2029 then 3 mo. Term SOFR + 1.44%, 07/23/2030 | 45000 | 42835 |
| &nbsp;&nbsp; 5.16% to 01/24/2030 then SOFR + 1.00%, 01/24/2031 | 212000 | 217289 |
| &nbsp;&nbsp; 2.65% to 03/11/2031 then SOFR + 1.22%, 03/11/2032 | 1675000 | 1503502 |
| &nbsp;&nbsp; 2.57% to 10/20/2031 then SOFR + 1.21%, 10/20/2032 | 530000 | 467121 |
| &nbsp;&nbsp; 4.57% to 04/27/2032 then SOFR + 1.83%, 04/27/2033 | 79000 | 77742 |
| &nbsp;&nbsp; 5.29% to 04/25/2033 then SOFR + 1.91%, 04/25/2034 | 745000 | 759925 |
| &nbsp;&nbsp; 5.43% to 08/15/2034 then SOFR + 1.91%, 08/15/2035 | 97000 | 96971 |
| &nbsp;&nbsp; 5.52% to 10/25/2034 then SOFR + 1.74%, 10/25/2035 | 331000 | 331003 |
| &nbsp;&nbsp; 5.74% to 02/12/2035 then SOFR + 1.70%, 02/12/2036 | 53000 | 53855 |
| &nbsp;&nbsp; 3.85% to 03/08/2032 then 5 yr. CMT Rate + 2.00%, 03/08/2037 | 415000 | 379764 |
| &nbsp;&nbsp; 4.08% to 04/23/2039 then 3 mo. Term SOFR + 1.58%, 04/23/2040 | 83000 | 72192 |
| &nbsp;&nbsp; 3.31% to 04/22/2041 then SOFR + 1.58%, 04/22/2042 | 107000 | 82111 |
|  Bank of New York Mellon Corp., 4.94% to 02/11/2030 then SOFR + 0.89%, 02/11/2031 | 177000 | 180747 |
|  BankUnited, Inc., 5.13%, 06/11/2030 | 280000 | 276976 |
|  Blackstone Secured Lending Fund, 2.85%, 09/30/2028 | 1300000 | 1209770 |
|  Blue Owl Credit Income Corp., 7.75%, 09/16/2027 | 1375000 | 1442276 |
|  Bridge Housing Corp., 3.25%, 07/15/2030 | 500000 | 458251 |
|  Brixmor Operating Partnership LP, 4.05%, 07/01/2030 | 625000 | 606322 |
|  Broadstone Net Lease LLC, 2.60%, 09/15/2031 | 515000 | 437238 |
| Brown & Brown, Inc. | Brown & Brown, Inc. | Brown & Brown, Inc. |
| &nbsp;&nbsp; 5.55%, 06/23/2035 | 50000 | 50987 |
| &nbsp;&nbsp; 6.25%, 06/23/2055 | 34000 | 35047 |
|  Cantor Fitzgerald LP, 4.50%, 04/14/2027 <sup>(a)</sup> | 1225000 | 1211145 |
|  Capital One Financial Corp., 7.62% to 10/30/2030 then SOFR + 3.07%, 10/30/2031 | 260000 | 293760 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **FINANCIAL (continued)** | **FINANCIAL (continued)** | **FINANCIAL (continued)** |
|  Chubb INA Holdings LLC, 4.65%, 08/15/2029 | $202000 | $205443 |
| Citibank NA | Citibank NA | Citibank NA |
| &nbsp;&nbsp; 4.91%, 05/29/2030 | 252000 | 256838 |
| &nbsp;&nbsp; 5.57%, 04/30/2034 | 254000 | 264583 |
| Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. |
| &nbsp;&nbsp; 1.12% to 01/28/2026 then SOFR + 0.77%, 01/28/2027 | 820000 | 803829 |
| &nbsp;&nbsp; 4.45%, 09/29/2027 | 1562000 | 1563499 |
| &nbsp;&nbsp; 3.98% to 03/20/2029 then 3 mo. Term SOFR + 1.60%, 03/20/2030 | 610000 | 597907 |
| &nbsp;&nbsp; 4.54% to 09/19/2029 then SOFR + 1.34%, 09/19/2030 | 294000 | 292667 |
| &nbsp;&nbsp; 2.98% to 11/05/2029 then SOFR + 1.42%, 11/05/2030 | 160000 | 149690 |
| &nbsp;&nbsp; 2.56% to 05/01/2031 then SOFR + 1.17%, 05/01/2032 | 300000 | 265776 |
| &nbsp;&nbsp; 3.06% to 01/25/2032 then SOFR + 1.35%, 01/25/2033 | 1880000 | 1680177 |
| &nbsp;&nbsp; 5.88%, 02/22/2033 | 267000 | 276895 |
| &nbsp;&nbsp; 6.00%, 10/31/2033 | 233000 | 244681 |
| &nbsp;&nbsp; 5.41% to 09/19/2034 then 5 yr. CMT Rate + 1.73%, 09/19/2039 | 260000 | 252527 |
| &nbsp;&nbsp; 2.90% to 11/03/2041 then SOFR + 1.38%, 11/03/2042 | 56000 | 39657 |
| Citizens Financial Group, Inc. | Citizens Financial Group, Inc. | Citizens Financial Group, Inc. |
| &nbsp;&nbsp; 5.72% to 07/23/2031 then SOFR + 1.91%, 07/23/2032 | 140000 | 144835 |
| &nbsp;&nbsp; 2.64%, 09/30/2032 | 281000 | 236760 |
|  Comerica, Inc., 5.98% to 01/30/2029 then SOFR + 2.16%, 01/30/2030 | 701000 | 718028 |
|  Community Preservation Corp., 2.87%, 02/01/2030 | 1000000 | 919493 |
| Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. |
| &nbsp;&nbsp; 5.00%, 01/11/2028 | 104000 | 105025 |
| &nbsp;&nbsp; 5.60%, 06/01/2029 | 89000 | 91860 |
|  Drawbridge Special Opportunities Fund LP / Drawbridge Special Opportunities Fin, 3.88%, 02/15/2026 <sup>(a)</sup> | 970000 | 956235 |
|  Equitable Financial Life Global Funding, 1.30%, 07/12/2026 <sup>(a)</sup> | 147000 | 142612 |
|  ERP Operating LP, 4.95%, 06/15/2032 | 28000 | 28320 |
|  Everest Reinsurance Holdings, Inc., 3.13%, 10/15/2052 | 590000 | 365458 |
|  F&G Annuities & Life, Inc., 6.25%, 10/04/2034 | 42000 | 41579 |
|  F&G Global Funding, 2.30%, 04/11/2027 <sup>(a)</sup> | 171000 | 164187 |
|  Fidus Investment Corp., 6.75%, 03/19/2030 | 680000 | 684470 |
|  Fifth Third Bank NA, 4.97% to 01/28/2027 then SOFR + 0.81%, 01/28/2028 | 250000 | 251830 |
|  First Horizon Bank, 5.75%, 05/01/2030 | 250000 | 255717 |
|  First Horizon Corp., 5.51% to 03/07/2030 then SOFR + 1.77%, 03/07/2031 | 113000 | 114628 |
|  FNB Corp./PA, 5.72% to 12/11/2029 then SOFR + 1.93%, 12/11/2030 | 145000 | 145821 |
|  GCM Grosvenor Diversified Alternatives Issuer LLC, 6.00%, 11/15/2031 <sup>(a)</sup> | 940000 | 782660 |
|  GLP Capital LP / GLP Financing II, Inc., 5.38%, 04/15/2026 | 150000 | 150033 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp; 1.54% to 09/10/2026 then SOFR + 0.82%, 09/10/2027 | 95000 | 91723 |
| &nbsp;&nbsp; 3.81% to 04/23/2028 then 3 mo. Term SOFR + 1.42%, 04/23/2029 | 925000 | 910270 |
| &nbsp;&nbsp; 4.22% to 05/01/2028 then 3 mo. Term SOFR + 1.56%, 05/01/2029 | 1314000 | 1306509 |
| &nbsp;&nbsp; 4.69% to 10/23/2029 then SOFR + 1.14%, 10/23/2030 | 67000 | 67201 |
| &nbsp;&nbsp; 5.21% to 01/28/2030 then SOFR + 1.08%, 01/28/2031 | 965000 | 987588 |
| &nbsp;&nbsp; 2.62% to 04/22/2031 then SOFR + 1.28%, 04/22/2032 | 770000 | 684417 |
| &nbsp;&nbsp; 2.38% to 07/21/2031 then SOFR + 1.25%, 07/21/2032 | 137000 | 119648 |
| &nbsp;&nbsp; 6.75%, 10/01/2037 | 509000 | 558770 |
| &nbsp;&nbsp; 3.21% to 04/22/2041 then SOFR + 1.51%, 04/22/2042 | 150000 | 112185 |
| &nbsp;&nbsp; 5.73% to 01/28/2055 then SOFR + 1.70%, 01/28/2056 | 84000 | 83985 |
|  Goodman US Finance Six LLC, 5.13%, 10/07/2034 <sup>(a)</sup> | 56000 | 55817 |
| HA Sustainable Infrastructure Capital, Inc. | HA Sustainable Infrastructure Capital, Inc. | HA Sustainable Infrastructure Capital, Inc. |
| &nbsp;&nbsp; 6.15%, 01/15/2031 | 1250000 | 1265583 |
| &nbsp;&nbsp; 6.38%, 07/01/2034 | 2000000 | 2000124 |
| &nbsp;&nbsp; 6.75%, 07/15/2035 | 1025000 | 1043587 |
| HAT Holdings I LLC / HAT Holdings II LLC | HAT Holdings I LLC / HAT Holdings II LLC | HAT Holdings I LLC / HAT Holdings II LLC |
| &nbsp;&nbsp; 8.00%, 06/15/2027 <sup>(a)</sup> | 135000 | 140647 |
| &nbsp;&nbsp; 3.75%, 09/15/2030 <sup>(a)</sup> | 1000000 | 913857 |
|  HNA 2015 LLC, 2.37%, 09/18/2027 | 126952 | 123040 |
|  Host Hotels & Resorts LP, 3.50%, 09/15/2030 | 6000 | 5571 |
|  HSBC USA, Inc., 4.65%, 06/03/2028 | 200000 | 201578 |
|  Huntington Bancshares, Inc./OH, 6.21% to 08/21/2028 then SOFR + 2.02%, 08/21/2029 | 145000 | 152151 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **FINANCIAL (continued)** | **FINANCIAL (continued)** | **FINANCIAL (continued)** |
|  Intercontinental Exchange, Inc., 4.95%, 06/15/2052 | $157000 | $140799 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| &nbsp;&nbsp; 3.78% to 02/01/2027 then 3 mo. Term SOFR + 1.60%, 02/01/2028 | 300000 | 297393 |
| &nbsp;&nbsp; 5.57% to 04/22/2027 then SOFR + 0.93%, 04/22/2028 | 1875000 | 1913475 |
| &nbsp;&nbsp; 3.54% to 05/01/2027 then 3 mo. Term SOFR + 1.64%, 05/01/2028 | 175000 | 172410 |
| &nbsp;&nbsp; 4.51% to 10/22/2027 then SOFR + 0.86%, 10/22/2028 | 108000 | 108323 |
| &nbsp;&nbsp; 4.01% to 04/23/2028 then 3 mo. Term SOFR + 1.38%, 04/23/2029 | 1240000 | 1229091 |
| &nbsp;&nbsp; 2.07% to 06/01/2028 then SOFR + 1.02%, 06/01/2029 | 796000 | 746588 |
| &nbsp;&nbsp; 6.88% to 06/01/2029 then 5 yr. CMT Rate + 2.74%, Perpetual | 1250000 | 1319400 |
| &nbsp;&nbsp; 5.00% to 07/22/2029 then SOFR + 1.13%, 07/22/2030 | 2000000 | 2036525 |
| &nbsp;&nbsp; 2.74% to 10/15/2029 then 3 mo. Term SOFR + 1.51%, 10/15/2030 | 2250000 | 2097992 |
| &nbsp;&nbsp; 2.58% to 04/22/2031 then 3 mo. Term SOFR + 1.25%, 04/22/2032 | 405000 | 361695 |
| &nbsp;&nbsp; 2.55% to 11/08/2031 then SOFR + 1.18%, 11/08/2032 | 662000 | 582788 |
| &nbsp;&nbsp; 4.91% to 07/25/2032 then SOFR + 2.08%, 07/25/2033 | 83000 | 83481 |
| &nbsp;&nbsp; 6.25% to 10/23/2033 then SOFR + 1.81%, 10/23/2034 | 42000 | 45647 |
| &nbsp;&nbsp; 5.77% to 04/22/2034 then SOFR + 1.49%, 04/22/2035 | 500000 | 525294 |
| &nbsp;&nbsp; 2.53% to 11/19/2040 then 3 mo. Term SOFR + 1.51%, 11/19/2041 | 658000 | 461207 |
| &nbsp;&nbsp; 5.53% to 11/29/2044 then SOFR + 1.55%, 11/29/2045 | 52000 | 52116 |
|  KeyBank NA/Cleveland OH, 4.90%, 08/08/2032 | 250000 | 241242 |
| KeyCorp | KeyCorp | KeyCorp |
| &nbsp;&nbsp; 5.12% to 04/04/2030 then SOFR + 1.23%, 04/04/2031 | 135000 | 136611 |
| &nbsp;&nbsp; 6.40% to 03/06/2034 then SOFR + 2.42%, 03/06/2035 | 185000 | 197340 |
| Kimco Realty OP LLC | Kimco Realty OP LLC | Kimco Realty OP LLC |
| &nbsp;&nbsp; 2.25%, 12/01/2031 | 1100000 | 952607 |
| &nbsp;&nbsp; 4.60%, 02/01/2033 | 135000 | 133077 |
| Liberty Mutual Group, Inc. | Liberty Mutual Group, Inc. | Liberty Mutual Group, Inc. |
| &nbsp;&nbsp; 4.57%, 02/01/2029 <sup>(a)</sup> | 700000 | 700454 |
| &nbsp;&nbsp; 3.95%, 10/15/2050 <sup>(a)</sup> | 120000 | 87735 |
| &nbsp;&nbsp; 3.95%, 05/15/2060 <sup>(a)</sup> | 85000 | 57171 |
|  Low Income Investment Fund, 3.39%, 07/01/2026 | 1000000 | 981022 |
|  Lseg US Fin Corp., 5.30%, 03/28/2034 <sup>(a)</sup> | 590000 | 606154 |
|  M&T Bank Corp., 6.08% to 03/13/2031 then SOFR + 2.26%, 03/13/2032 | 1500000 | 1584088 |
|  Marsh & McLennan Cos., Inc., 4.55%, 11/08/2027 | 107000 | 107787 |
| Mastercard, Inc. | Mastercard, Inc. | Mastercard, Inc. |
| &nbsp;&nbsp; 1.90%, 03/15/2031 | 1000000 | 882668 |
| &nbsp;&nbsp; 4.35%, 01/15/2032 | 142000 | 141402 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley |
| &nbsp;&nbsp; 3.95%, 04/23/2027 | 950000 | 944033 |
| &nbsp;&nbsp; 3.59%, 07/22/2028 <sup>(d)</sup> | 403000 | 395946 |
| &nbsp;&nbsp; 3.77% to 01/24/2028 then 3 mo. Term SOFR + 1.40%, 01/24/2029 | 1155000 | 1138510 |
| &nbsp;&nbsp; 5.17% to 01/16/2029 then SOFR + 1.45%, 01/16/2030 | 310000 | 316494 |
| &nbsp;&nbsp; 4.43% to 01/23/2029 then 3 mo. Term SOFR + 1.89%, 01/23/2030 | 440000 | 439381 |
| &nbsp;&nbsp; 4.65% to 10/18/2029 then SOFR + 1.10%, 10/18/2030 | 49000 | 49094 |
| &nbsp;&nbsp; 3.62% to 04/01/2030 then SOFR + 3.12%, 04/01/2031 | 53000 | 50825 |
| &nbsp;&nbsp; 2.24% to 07/21/2031 then SOFR + 1.18%, 07/21/2032 | 210000 | 181849 |
| &nbsp;&nbsp; 2.94% to 01/21/2032 then SOFR + 1.29%, 01/21/2033 | 2450000 | 2186611 |
| &nbsp;&nbsp; 5.32% to 07/19/2034 then SOFR + 1.56%, 07/19/2035 | 81000 | 81989 |
| &nbsp;&nbsp; 2.48% to 09/16/2031 then SOFR + 1.36%, 09/16/2036 | 138000 | 117263 |
| &nbsp;&nbsp; 5.30% to 04/20/2032 then SOFR + 2.62%, 04/20/2037 | 192000 | 191287 |
| &nbsp;&nbsp; 5.94% to 02/07/2034 then 5 yr. CMT Rate + 1.80%, 02/07/2039 | 222000 | 227862 |
| &nbsp;&nbsp; 3.22% to 04/22/2041 then SOFR + 1.49%, 04/22/2042 | 150000 | 113803 |
| &nbsp;&nbsp; 5.52% to 11/19/2054 then SOFR + 1.71%, 11/19/2055 | 101000 | 98700 |
|  Morgan Stanley Direct Lending Fund, 4.50%, 02/11/2027 | 1310000 | 1301681 |
| MPT Operating Partnership LP / MPT Finance Corp. | MPT Operating Partnership LP / MPT Finance Corp. | MPT Operating Partnership LP / MPT Finance Corp. |
| &nbsp;&nbsp; 5.00%, 10/15/2027 | 150000 | 138553 |
| &nbsp;&nbsp; 3.50%, 03/15/2031 | 200000 | 141392 |
|  National Community Renaissance of California, 3.27%, 12/01/2032 | 1000000 | 862103 |
|  National Health Investors, Inc., 3.00%, 02/01/2031 | 114000 | 101125 |
| New York Life Global Funding | New York Life Global Funding | New York Life Global Funding |
| &nbsp;&nbsp; 4.85%, 01/09/2028 <sup>(a)</sup> | 74000 | 75269 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **FINANCIAL (continued)** | **FINANCIAL (continued)** | **FINANCIAL (continued)** |
| New York Life Global Funding (continued) | New York Life Global Funding (continued) | New York Life Global Funding (continued) |
| &nbsp;&nbsp; 4.55%, 01/28/2033 <sup>(a)</sup> | $1000000 | $978687 |
|  Northwestern Mutual Global Funding, 4.35%, 09/15/2027 <sup>(a)</sup> | 99000 | 99371 |
|  OFS Capital Corp., 4.75%, 02/10/2026 | 1300000 | 1276619 |
|  Omnis Funding Trust, 6.72%, 05/15/2055 <sup>(a)</sup> | 3375000 | 3497429 |
|  OneMain Finance Corp., 3.88%, 09/15/2028 | 100000 | 95896 |
|  PennyMac Financial Services, Inc., 4.25%, 02/15/2029 <sup>(a)</sup> | 225000 | 216351 |
|  PNC Bank NA, 4.54% to 05/13/2026 then SOFR + 0.63%, 05/13/2027 | 1125000 | 1125565 |
|  Preservation Of Affordable Housing, Inc., 4.48%, 12/01/2032 | 1000000 | 939752 |
| Private Export Funding Corp. | Private Export Funding Corp. | Private Export Funding Corp. |
| &nbsp;&nbsp; 4.30%, 12/15/2028 | 1000000 | 1016476 |
| &nbsp;&nbsp; 4.60%, 02/15/2034 | 1000000 | 1012667 |
|  Prudential Financial, Inc., 5.70% to 09/15/2028 then 3 mo. LIBOR US + 2.67%, 09/15/2048 <sup>(e)</sup> | 78000 | 79008 |
|  Realty Income Corp., 3.25%, 01/15/2031 | 285000 | 267139 |
| Regions Financial Corp. | Regions Financial Corp. | Regions Financial Corp. |
| &nbsp;&nbsp; 5.72% to 06/06/2029 then SOFR + 1.49%, 06/06/2030 | 115000 | 118772 |
| &nbsp;&nbsp; 5.50% to 09/06/2034 then SOFR + 2.06%, 09/06/2035 | 120000 | 120300 |
| &nbsp;&nbsp; 7.38%, 12/10/2037 | 165000 | 183844 |
|  Reinvestment Fund, Inc., 3.88%, 02/15/2027 | 500000 | 475397 |
|  Signature Bank/New York NY, 4.00% to 10/15/2025 then 3 mo. AMERIBOR + 3.89%, 10/15/2030 | 150000 | 85500 |
| Starwood Property Trust, Inc. | Starwood Property Trust, Inc. | Starwood Property Trust, Inc. |
| &nbsp;&nbsp; 7.25%, 04/01/2029 <sup>(a)</sup> | 1000000 | 1051820 |
| &nbsp;&nbsp; 6.00%, 04/15/2030 <sup>(a)</sup> | 1445000 | 1461535 |
| &nbsp;&nbsp; 6.50%, 10/15/2030 <sup>(a)</sup> | 2105000 | 2173286 |
|  Sun Communities Operating LP, 2.70%, 07/15/2031 | 475000 | 420958 |
| Synchrony Financial | Synchrony Financial | Synchrony Financial |
| &nbsp;&nbsp; 5.15%, 03/19/2029 | 192000 | 192775 |
| &nbsp;&nbsp; 5.45% to 03/06/2030 then SOFR + 1.68%, 03/06/2031 | 61000 | 61532 |
|  Teachers Insurance & Annuity Association of America, 3.30%, 05/15/2050 <sup>(a)</sup> | 210000 | 140667 |
|  Thirax 2 LLC, 2.32%, 01/22/2034 | 755895 | 689049 |
|  Truist Financial Corp., 7.16% to 10/30/2028 then SOFR + 2.45%, 10/30/2029 | 300000 | 324506 |
|  Unum Group, 6.00%, 06/15/2054 | 130000 | 128244 |
|  US Bancorp, 2.49% to 11/03/2031 then 5 yr. CMT Rate + 0.95%, 11/03/2036 | 195000 | 165512 |
| USAA Capital Corp. | USAA Capital Corp. | USAA Capital Corp. |
| &nbsp;&nbsp; 4.38%, 06/01/2028 <sup>(a)</sup> | 154000 | 155039 |
| &nbsp;&nbsp; 2.13%, 05/01/2030 <sup>(a)</sup> | 2500000 | 2273719 |
|  VICI Properties LP / VICI Note Co., Inc., 5.75%, 02/01/2027 <sup>(a)</sup> | 1100000 | 1115216 |
|  Visa, Inc., 1.90%, 04/15/2027 | 1000000 | 965380 |
|  Voya Financial, Inc., 5.00%, 09/20/2034 | 57000 | 55698 |
|  W R Berkley Corp., 4.00%, 05/12/2050 | 160000 | 121521 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| &nbsp;&nbsp; 5.71% to 04/22/2027 then SOFR + 1.07%, 04/22/2028 | 1382000 | 1412011 |
| &nbsp;&nbsp; 5.57% to 07/25/2028 then SOFR + 1.74%, 07/25/2029 | 1160000 | 1197767 |
| &nbsp;&nbsp; 2.88% to 10/30/2029 then 3 mo. Term SOFR + 1.43%, 10/30/2030 | 48000 | 44848 |
| &nbsp;&nbsp; 2.57% to 02/11/2030 then 3 mo. Term SOFR + 1.26%, 02/11/2031 | 775000 | 709990 |
| &nbsp;&nbsp; 5.39% to 04/24/2033 then SOFR + 2.02%, 04/24/2034 | 435000 | 445113 |
| &nbsp;&nbsp; 6.49% to 10/23/2033 then SOFR + 2.06%, 10/23/2034 | 380000 | 415352 |
| &nbsp;&nbsp; 5.50% to 01/23/2034 then SOFR + 1.78%, 01/23/2035 | 48000 | 49225 |
| &nbsp;&nbsp; 5.21% to 12/03/2034 then SOFR + 1.38%, 12/03/2035 | 650000 | 652500 |
| &nbsp;&nbsp; 3.07% to 04/30/2040 then SOFR + 2.53%, 04/30/2041 | 836000 | 631740 |
| &nbsp;&nbsp; 5.61%, 01/15/2044 | 96000 | 93047 |
| &nbsp;&nbsp; 4.75%, 12/07/2046 | 44000 | 37708 |
| Weyerhaeuser Co. | Weyerhaeuser Co. | Weyerhaeuser Co. |
| &nbsp;&nbsp; 4.75%, 05/15/2026 | 147000 | 147289 |
| &nbsp;&nbsp; 4.00%, 03/09/2052 | 75000 | 56316 |
| Willis North America, Inc. | Willis North America, Inc. | Willis North America, Inc. |
| &nbsp;&nbsp; 4.65%, 06/15/2027 | 206000 | 207126 |
| &nbsp;&nbsp; 5.90%, 03/05/2054 | 99000 | 98400 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **FINANCIAL (continued)** | **FINANCIAL (continued)** | **FINANCIAL (continued)** |
|  Zions Bancorp NA, 3.25%, 10/29/2029 | $271000 | $248373 |
| **Total Financial** | **Total Financial** | **106739832** |
| **INDUSTRIAL - 1.6%** | **INDUSTRIAL - 1.6%** | **INDUSTRIAL - 1.6%** |
|  AECOM, 5.13%, 03/15/2027 | 100000 | 100303 |
|  AGCO Corp., 5.45%, 03/21/2027 | 357000 | 361404 |
| Allegion US Holding Co., Inc. | Allegion US Holding Co., Inc. | Allegion US Holding Co., Inc. |
| &nbsp;&nbsp; 5.41%, 07/01/2032 | 92000 | 94704 |
| &nbsp;&nbsp; 5.60%, 05/29/2034 | 92000 | 94504 |
| Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. |
| &nbsp;&nbsp; 5.10%, 03/17/2030 <sup>(a)</sup> | 54000 | 54920 |
| &nbsp;&nbsp; 2.69%, 05/25/2031 | 73000 | 65367 |
|  Amrize Finance US LLC, 4.95%, 04/07/2030 <sup>(a)</sup> | 72000 | 72965 |
| Ball Corp. | Ball Corp. | Ball Corp. |
| &nbsp;&nbsp; 6.00%, 06/15/2029 | 275000 | 281923 |
| &nbsp;&nbsp; 3.13%, 09/15/2031 | 100000 | 89716 |
|  Berry Global, Inc., 1.57%, 01/15/2026 | 1010000 | 991942 |
| Boeing Co. | Boeing Co. | Boeing Co. |
| &nbsp;&nbsp; 2.75%, 02/01/2026 | 460000 | 454762 |
| &nbsp;&nbsp; 2.20%, 02/04/2026 | 2040000 | 2008160 |
| &nbsp;&nbsp; 6.26%, 05/01/2027 | 80000 | 82305 |
| &nbsp;&nbsp; 5.15%, 05/01/2030 | 110000 | 111991 |
| &nbsp;&nbsp; 3.60%, 05/01/2034 | 54000 | 47591 |
| &nbsp;&nbsp; 5.71%, 05/01/2040 | 1305000 | 1289260 |
| &nbsp;&nbsp; 3.38%, 06/15/2046 | 87000 | 59543 |
| &nbsp;&nbsp; 3.63%, 03/01/2048 | 565000 | 391099 |
| &nbsp;&nbsp; 3.75%, 02/01/2050 | 143000 | 100986 |
| &nbsp;&nbsp; 5.81%, 05/01/2050 | 65000 | 62335 |
| &nbsp;&nbsp; 5.93%, 05/01/2060 | 554000 | 526611 |
| Burlington Northern Santa Fe LLC | Burlington Northern Santa Fe LLC | Burlington Northern Santa Fe LLC |
| &nbsp;&nbsp; 4.45%, 03/15/2043 | 31000 | 27324 |
| &nbsp;&nbsp; 4.15%, 12/15/2048 | 136000 | 112384 |
| &nbsp;&nbsp; 4.45%, 01/15/2053 | 82000 | 69233 |
|  Carlisle Cos., Inc., 2.20%, 03/01/2032 | 382000 | 322837 |
|  Carrier Global Corp., 3.38%, 04/05/2040 | 205000 | 162697 |
| Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. |
| &nbsp;&nbsp; 1.70%, 01/08/2027 | 106000 | 102323 |
| &nbsp;&nbsp; 5.00%, 05/14/2027 | 48000 | 48817 |
| &nbsp;&nbsp; 4.40%, 03/03/2028 | 176000 | 177305 |
| &nbsp;&nbsp; 4.38%, 08/16/2029 | 57000 | 57433 |
| &nbsp;&nbsp; 4.70%, 11/15/2029 | 153000 | 155823 |
|  Deere & Co., 5.45%, 01/16/2035 | 84000 | 87503 |
|  Flowserve Corp., 2.80%, 01/15/2032 | 245000 | 213084 |
|  GATX Corp., 3.25%, 09/15/2026 | 122000 | 120187 |
| Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. |
| &nbsp;&nbsp; 4.95%, 09/01/2031 | 100000 | 102692 |
| &nbsp;&nbsp; 5.38%, 03/01/2041 | 2000000 | 2011293 |
|  Huntington Ingalls Industries, Inc., 4.20%, 05/01/2030 | 1700000 | 1661295 |
| John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. |
| &nbsp;&nbsp; 4.95%, 07/14/2028 | 70000 | 71718 |
| &nbsp;&nbsp; 4.55%, 06/05/2030 | 138000 | 139279 |
| &nbsp;&nbsp; 4.90%, 03/07/2031 | 90000 | 92197 |
| &nbsp;&nbsp; 4.40%, 09/08/2031 | 142000 | 141673 |
| L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. |
| &nbsp;&nbsp; 5.25%, 06/01/2031 | 99000 | 102114 |
| &nbsp;&nbsp; 5.40%, 07/31/2033 | 103000 | 105799 |
|  Lennox International, Inc., 5.50%, 09/15/2028 | 147000 | 151587 |
|  Lockheed Martin Corp., 4.70%, 12/15/2031 | 115000 | 116454 |
|  Martin Marietta Materials, Inc., 2.40%, 07/15/2031 | 90000 | 79367 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **INDUSTRIAL (continued)** | **INDUSTRIAL (continued)** | **INDUSTRIAL (continued)** |
|  MasTec, Inc., 5.90%, 06/15/2029 | $92000 | $95164 |
|  Nature Conservancy (The), 1.51%, 07/01/2029 | 300000 | 265757 |
| Owens Corning | Owens Corning | Owens Corning |
| &nbsp;&nbsp; 5.50%, 06/15/2027 | 447000 | 456571 |
| &nbsp;&nbsp; 3.50%, 02/15/2030 | 125000 | 119449 |
|  Packaging Corp. of America, 5.70%, 12/01/2033 | 145000 | 151436 |
| Penske Truck Leasing Co. LP / PTL Finance Corp. | Penske Truck Leasing Co. LP / PTL Finance Corp. | Penske Truck Leasing Co. LP / PTL Finance Corp. |
| &nbsp;&nbsp; 3.40%, 11/15/2026 <sup>(a)</sup> | 1450000 | 1427688 |
| &nbsp;&nbsp; 6.05%, 08/01/2028 <sup>(a)</sup> | 128000 | 133357 |
| &nbsp;&nbsp; 5.35%, 03/30/2029 <sup>(a)</sup> | 66000 | 67679 |
| &nbsp;&nbsp; 5.25%, 02/01/2030 <sup>(a)</sup> | 150000 | 153492 |
| &nbsp;&nbsp; 6.20%, 06/15/2030 <sup>(a)</sup> | 94000 | 100231 |
|  Quikrete Holdings, Inc., 6.38%, 03/01/2032 <sup>(a)</sup> | 300000 | 308496 |
|  Republic Services, Inc., 4.75%, 07/15/2030 | 150000 | 152805 |
| RTX Corp. | RTX Corp. | RTX Corp. |
| &nbsp;&nbsp; 4.88%, 10/15/2040 | 2281000 | 2144958 |
| &nbsp;&nbsp; 5.38%, 02/27/2053 | 135000 | 129224 |
|  Ryder System, Inc., 5.50%, 06/01/2029 | 108000 | 111737 |
|  Sealed Air Corp./Sealed Air Corp. US, 6.13%, 02/01/2028 <sup>(a)</sup> | 25000 | 25367 |
| Sonoco Products Co. | Sonoco Products Co. | Sonoco Products Co. |
| &nbsp;&nbsp; 4.60%, 09/01/2029 | 198000 | 197543 |
| &nbsp;&nbsp; 5.00%, 09/01/2034 | 97000 | 94348 |
| Standard Industries, Inc./NY | Standard Industries, Inc./NY | Standard Industries, Inc./NY |
| &nbsp;&nbsp; 4.75%, 01/15/2028 <sup>(a)</sup> | 125000 | 123611 |
| &nbsp;&nbsp; 4.38%, 07/15/2030 <sup>(a)</sup> | 175000 | 165697 |
|  Stanley Black & Decker, Inc., 6.71% to 03/15/2030 then 5 yr. CMT Rate + 2.66%, 03/15/2060 | 342000 | 334089 |
|  Textron, Inc., 3.00%, 06/01/2030 | 1900000 | 1763149 |
|  Tote Shipholdings LLC, 3.40%, 10/16/2040 | 839000 | 737372 |
|  Trimble, Inc., 6.10%, 03/15/2033 | 71000 | 75428 |
|  Vontier Corp., 2.95%, 04/01/2031 | 214000 | 191275 |
|  Vulcan Materials Co., 5.70%, 12/01/2054 | 83000 | 82336 |
|  Waste Management, Inc., 4.95%, 07/03/2027 | 143000 | 145421 |
|  Weir Group, Inc., 5.35%, 05/06/2030 <sup>(a)</sup> | 1580000 | 1602120 |
| **Total Industrial** | **Total Industrial** | **25130609** |
| **TECHNOLOGY - 0.7%** | **TECHNOLOGY - 0.7%** | **TECHNOLOGY - 0.7%** |
|  Accenture Capital, Inc., 4.50%, 10/04/2034 | 79000 | 76884 |
| Adobe, Inc. | Adobe, Inc. | Adobe, Inc. |
| &nbsp;&nbsp; 4.85%, 04/04/2027 | 63000 | 63908 |
| &nbsp;&nbsp; 4.75%, 01/17/2028 | 163000 | 165888 |
| Apple, Inc. | Apple, Inc. | Apple, Inc. |
| &nbsp;&nbsp; 3.00%, 06/20/2027 | 1000000 | 982657 |
| &nbsp;&nbsp; 1.40%, 08/05/2028 | 279000 | 258518 |
| &nbsp;&nbsp; 4.38%, 05/13/2045 | 106000 | 93648 |
| &nbsp;&nbsp; 2.65%, 05/11/2050 | 211000 | 132356 |
| &nbsp;&nbsp; 2.70%, 08/05/2051 | 85000 | 53167 |
| &nbsp;&nbsp; 2.80%, 02/08/2061 | 10000 | 5913 |
|  Applied Materials, Inc., 4.80%, 06/15/2029 | 66000 | 67492 |
|  Booz Allen Hamilton, Inc., 5.95%, 04/15/2035 | 83000 | 84236 |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| &nbsp;&nbsp; 5.05%, 07/12/2029 | 556000 | 569354 |
| &nbsp;&nbsp; 2.45%, 02/15/2031 <sup>(a)</sup> | 228000 | 203877 |
| &nbsp;&nbsp; 3.42%, 04/15/2033 <sup>(a)</sup> | 809000 | 733705 |
| &nbsp;&nbsp; 3.14%, 11/15/2035 <sup>(a)</sup> | 194000 | 163627 |
| &nbsp;&nbsp; 3.19%, 11/15/2036 <sup>(a)</sup> | 487000 | 403718 |
|  CDW LLC / CDW Finance Corp., 2.67%, 12/01/2026 | 815000 | 794413 |
| Dell International LLC / EMC Corp. | Dell International LLC / EMC Corp. | Dell International LLC / EMC Corp. |
| &nbsp;&nbsp; 4.75%, 04/01/2028 | 165000 | 166931 |
| &nbsp;&nbsp; 4.35%, 02/01/2030 | 195000 | 193265 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **TECHNOLOGY (continued)** | **TECHNOLOGY (continued)** | **TECHNOLOGY (continued)** |
| Dell International LLC / EMC Corp. (continued) | Dell International LLC / EMC Corp. (continued) | Dell International LLC / EMC Corp. (continued) |
| &nbsp;&nbsp; 8.10%, 07/15/2036 | $123000 | $148251 |
| &nbsp;&nbsp; 3.38%, 12/15/2041 | 189000 | 141258 |
| Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. |
| &nbsp;&nbsp; 5.15%, 08/12/2034 | 92000 | 92336 |
| &nbsp;&nbsp; 4.40%, 07/01/2049 | 190000 | 155550 |
| Foundry JV Holdco LLC | Foundry JV Holdco LLC | Foundry JV Holdco LLC |
| &nbsp;&nbsp; 6.15%, 01/25/2032 <sup>(a)</sup> | 340000 | 357763 |
| &nbsp;&nbsp; 6.30%, 01/25/2039 <sup>(a)</sup> | 200000 | 209210 |
|  Hewlett Packard Enterprise Co., 4.45%, 09/25/2026 | 69000 | 69108 |
| Intel Corp. | Intel Corp. | Intel Corp. |
| &nbsp;&nbsp; 4.15%, 08/05/2032 | 1084000 | 1027698 |
| &nbsp;&nbsp; 3.73%, 12/08/2047 | 187000 | 131925 |
| &nbsp;&nbsp; 5.70%, 02/10/2053 | 83000 | 77243 |
| &nbsp;&nbsp; 5.60%, 02/21/2054 | 80000 | 73392 |
|  Kyndryl Holdings, Inc., 3.15%, 10/15/2031 | 102000 | 92117 |
| Leidos, Inc. | Leidos, Inc. | Leidos, Inc. |
| &nbsp;&nbsp; 4.38%, 05/15/2030 | 136000 | 133997 |
| &nbsp;&nbsp; 5.50%, 03/15/2035 | 112000 | 113707 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. |
| &nbsp;&nbsp; 2.30%, 03/25/2028 | 280000 | 265752 |
| &nbsp;&nbsp; 6.25%, 11/09/2032 | 2120000 | 2294174 |
| &nbsp;&nbsp; 4.30%, 07/08/2034 | 84000 | 79780 |
| &nbsp;&nbsp; 3.80%, 11/15/2037 | 241000 | 206305 |
| &nbsp;&nbsp; 4.00%, 11/15/2047 | 209000 | 159968 |
| &nbsp;&nbsp; 5.55%, 02/06/2053 | 40000 | 37615 |
|  QUALCOMM, Inc., 4.75%, 05/20/2032 | 75000 | 75875 |
|  Texas Instruments, Inc., 4.60%, 02/15/2028 | 103000 | 104662 |
| **Total Technology** | **Total Technology** | **11261243** |
| **UTILITIES - 4.2%** | **UTILITIES - 4.2%** | **UTILITIES - 4.2%** |
|  AEP Texas, Inc., 5.45%, 05/15/2029 | 290000 | 299344 |
| AEP Transmission Co. LLC | AEP Transmission Co. LLC | AEP Transmission Co. LLC |
| &nbsp;&nbsp; 4.25%, 09/15/2048 | 425000 | 340407 |
| &nbsp;&nbsp; 4.50%, 06/15/2052 | 58000 | 48651 |
| AES Corp. | AES Corp. | AES Corp. |
| &nbsp;&nbsp; 5.45%, 06/01/2028 | 102000 | 104233 |
| &nbsp;&nbsp; 2.45%, 01/15/2031 | 2718000 | 2376193 |
| &nbsp;&nbsp; 7.60% to 01/15/2030 then 5 yr. CMT Rate + 3.20%, 01/15/2055 | 1000000 | 1029600 |
|  Alabama Power Co., 3.75%, 03/01/2045 | 170000 | 132511 |
|  Ameren Corp., 5.70%, 12/01/2026 | 65000 | 66042 |
|  American Water Capital Corp., 5.25%, 03/01/2035 | 1200000 | 1216000 |
| Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. |
| &nbsp;&nbsp; 6.35%, 12/15/2032 | 630000 | 678714 |
| &nbsp;&nbsp; 3.75%, 05/15/2046 | 500000 | 372545 |
|  Avangrid, Inc., 3.80%, 06/01/2029 | 1000000 | 976898 |
|  Boston Gas Co., 5.84%, 01/10/2035 <sup>(a)</sup> | 415000 | 431330 |
|  Brooklyn Union Gas Co., 6.42%, 07/18/2054 <sup>(a)</sup> | 74000 | 76546 |
|  Calpine Corp., 3.75%, 03/01/2031 <sup>(a)</sup> | 275000 | 260884 |
|  CMS Energy Corp., 4.75% to 06/01/2030 then 5 yr. CMT Rate + 4.12%, 06/01/2050 | 1880000 | 1827003 |
| Commonwealth Edison Co. | Commonwealth Edison Co. | Commonwealth Edison Co. |
| &nbsp;&nbsp; 3.70%, 08/15/2028 | 320000 | 316055 |
| &nbsp;&nbsp; 2.75%, 09/01/2051 | 1000000 | 604500 |
| &nbsp;&nbsp; 5.95%, 06/01/2055 | 30000 | 31062 |
| Connecticut Light and Power Co. | Connecticut Light and Power Co. | Connecticut Light and Power Co. |
| &nbsp;&nbsp; 4.65%, 01/01/2029 | 1000000 | 1012315 |
| &nbsp;&nbsp; 4.00%, 04/01/2048 | 105000 | 82376 |
| Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. |
| &nbsp;&nbsp; 4.45%, 03/15/2044 | 63000 | 54257 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **UTILITIES (continued)** | **UTILITIES (continued)** | **UTILITIES (continued)** |
| &nbsp;&nbsp; 4.50%, 12/01/2045 | $86000 | $73623 |
| &nbsp;&nbsp; 4.13%, 05/15/2049 | 106000 | 83646 |
|  Consumers Energy Co., 4.60%, 05/30/2029 | 1000000 | 1010279 |
| Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. |
| &nbsp;&nbsp; 3.38%, 04/01/2030 | 230000 | 218575 |
| &nbsp;&nbsp; 4.90%, 08/01/2041 | 2000000 | 1803480 |
| &nbsp;&nbsp; 7.00% to 06/01/2034 then 5 yr. CMT Rate + 2.51%, 06/01/2054 | 625000 | 670583 |
| DTE Electric Co. | DTE Electric Co. | DTE Electric Co. |
| &nbsp;&nbsp; 1.90%, 04/01/2028 | 1000000 | 943581 |
| &nbsp;&nbsp; 3.95%, 03/01/2049 | 2470000 | 1938519 |
|  DTE Energy Co., 4.88%, 06/01/2028 | 154000 | 156263 |
| Duke Energy Carolinas LLC | Duke Energy Carolinas LLC | Duke Energy Carolinas LLC |
| &nbsp;&nbsp; 2.55%, 04/15/2031 | 3000000 | 2714667 |
| &nbsp;&nbsp; 2.85%, 03/15/2032 | 1000000 | 897080 |
| &nbsp;&nbsp; 3.55%, 03/15/2052 | 56000 | 40370 |
| &nbsp;&nbsp; 5.40%, 01/15/2054 | 42000 | 40393 |
|  Duke Energy Corp., 5.80%, 06/15/2054 | 85000 | 82994 |
| Duke Energy Florida LLC | Duke Energy Florida LLC | Duke Energy Florida LLC |
| &nbsp;&nbsp; 3.80%, 07/15/2028 | 550000 | 545151 |
| &nbsp;&nbsp; 2.50%, 12/01/2029 | 1000000 | 928581 |
| &nbsp;&nbsp; 4.20%, 07/15/2048 | 50000 | 40053 |
| &nbsp;&nbsp; 3.00%, 12/15/2051 | 1000000 | 631553 |
| &nbsp;&nbsp; 5.95%, 11/15/2052 | 56000 | 57487 |
|  Duke Energy Indiana LLC, 2.75%, 04/01/2050 | 930000 | 572932 |
|  Duke Energy Ohio, Inc., 5.65%, 04/01/2053 | 40000 | 39398 |
|  Duke Energy Progress LLC, 4.00%, 04/01/2052 | 90000 | 69055 |
| Emera US Finance LP | Emera US Finance LP | Emera US Finance LP |
| &nbsp;&nbsp; 3.55%, 06/15/2026 | 225000 | 222539 |
| &nbsp;&nbsp; 4.75%, 06/15/2046 | 130000 | 108082 |
| Entergy Mississippi LLC | Entergy Mississippi LLC | Entergy Mississippi LLC |
| &nbsp;&nbsp; 3.85%, 06/01/2049 | 64000 | 47127 |
| &nbsp;&nbsp; 5.80%, 04/15/2055 | 36000 | 36020 |
| Entergy Texas, Inc. | Entergy Texas, Inc. | Entergy Texas, Inc. |
| &nbsp;&nbsp; 5.25%, 04/15/2035 | 59000 | 59481 |
| &nbsp;&nbsp; 4.50%, 03/30/2039 | 468000 | 424758 |
|  Evergy Kansas Central, Inc., 4.70%, 03/13/2028 | 39000 | 39440 |
|  Exelon Corp., 6.50% to 03/15/2035 then 5 yr. CMT Rate + 1.98%, 03/15/2055 | 950000 | 966307 |
|  FirstEnergy Corp., 4.85%, 07/15/2047 <sup>(c)</sup> | 106000 | 90071 |
|  FirstEnergy Pennsylvania Electric Co., 5.20%, 04/01/2028 <sup>(a)</sup> | 174000 | 177492 |
| Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. |
| &nbsp;&nbsp; 5.15%, 06/15/2029 | 145000 | 150046 |
| &nbsp;&nbsp; 2.88%, 12/04/2051 | 570000 | 359013 |
|  Georgia Power Co., 3.25%, 03/15/2051 | 200000 | 137110 |
|  Indiana Michigan Power Co., 5.63%, 04/01/2053 | 49000 | 48095 |
|  Interstate Power and Light Co., 3.50%, 09/30/2049 | 105000 | 73865 |
|  ITC Holdings Corp., 4.95%, 09/22/2027 <sup>(a)</sup> | 450000 | 454841 |
|  Jersey Central Power & Light Co., 2.75%, 03/01/2032 <sup>(a)</sup> | 68000 | 59612 |
|  Kentucky Power Co., 7.00%, 11/15/2033 <sup>(a)</sup> | 215000 | 231393 |
|  KeySpan Gas East Corp., 5.99%, 03/06/2033 <sup>(a)</sup> | 135000 | 140298 |
|  Liberty Utilities Finance GP 1, 2.05%, 09/15/2030 <sup>(a)</sup> | 91000 | 79900 |
| MidAmerican Energy Co. | MidAmerican Energy Co. | MidAmerican Energy Co. |
| &nbsp;&nbsp; 5.35%, 01/15/2034 | 875000 | 906699 |
| &nbsp;&nbsp; 5.85%, 09/15/2054 | 975000 | 1003464 |
| &nbsp;&nbsp; 5.30%, 02/01/2055 | 1050000 | 998750 |
|  Narragansett Electric Co., 5.35%, 05/01/2034 <sup>(a)</sup> | 95000 | 96202 |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. |
| &nbsp;&nbsp; 4.12%, 09/16/2027 | 160000 | 159864 |
| &nbsp;&nbsp; 4.75%, 02/07/2028 | 109000 | 110406 |
| &nbsp;&nbsp; 1.35%, 03/15/2031 | 1500000 | 1262366 |
| &nbsp;&nbsp; 4.15%, 12/15/2032 | 1000000 | 958881 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **UTILITIES (continued)** | **UTILITIES (continued)** | **UTILITIES (continued)** |
| New York State Electric & Gas Corp. | New York State Electric & Gas Corp. | New York State Electric & Gas Corp. |
| &nbsp;&nbsp; 5.65%, 08/15/2028 <sup>(a)</sup> | $1000000 | $1036483 |
| &nbsp;&nbsp; 2.15%, 10/01/2031 <sup>(a)</sup> | 2500000 | 2143802 |
| &nbsp;&nbsp; 5.85%, 08/15/2033 <sup>(a)</sup> | 93000 | 97573 |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| &nbsp;&nbsp; 5.30%, 03/15/2032 | 154000 | 158627 |
| &nbsp;&nbsp; 5.90%, 03/15/2055 | 126000 | 126397 |
| NiSource, Inc. | NiSource, Inc. | NiSource, Inc. |
| &nbsp;&nbsp; 5.20%, 07/01/2029 | 505000 | 518424 |
| &nbsp;&nbsp; 5.85%, 04/01/2055 | 43000 | 42549 |
|  Northern States Power Co./MN, 3.20%, 04/01/2052 | 1000000 | 679968 |
|  Northwest Natural Gas Co., 3.08%, 12/01/2051 | 1000000 | 609589 |
|  NSTAR Electric Co., 5.40%, 06/01/2034 | 265000 | 271483 |
|  Ohio Edison Co., 5.50%, 01/15/2033 <sup>(a)</sup> | 930000 | 950684 |
|  Oncor Electric Delivery Co. LLC, 4.15%, 06/01/2032 | 115000 | 110970 |
| Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. |
| &nbsp;&nbsp; 4.30%, 03/15/2045 | 138000 | 104160 |
| &nbsp;&nbsp; 3.95%, 12/01/2047 | 797000 | 562281 |
| &nbsp;&nbsp; 4.95%, 07/01/2050 | 320000 | 257923 |
| &nbsp;&nbsp; 6.70%, 04/01/2053 | 1000000 | 1002710 |
| PacifiCorp | PacifiCorp | PacifiCorp |
| &nbsp;&nbsp; 4.13%, 01/15/2049 | 935000 | 715943 |
| &nbsp;&nbsp; 7.38% to 09/15/2030 then 5 yr. CMT Rate + 3.32%, 09/15/2055 | 105000 | 109154 |
| PG&E Recovery Funding LLC | PG&E Recovery Funding LLC | PG&E Recovery Funding LLC |
| &nbsp;&nbsp; 4.84%, 06/01/2033 | 918668 | 923402 |
| &nbsp;&nbsp; 5.53%, 06/01/2049 | 2000000 | 1968238 |
|  PPL Capital Funding, Inc., 5.25%, 09/01/2034 | 50000 | 50402 |
| PPL Electric Utilities Corp. | PPL Electric Utilities Corp. | PPL Electric Utilities Corp. |
| &nbsp;&nbsp; 4.85%, 02/15/2034 | 950000 | 950209 |
| &nbsp;&nbsp; 4.15%, 06/15/2048 | 85000 | 68899 |
| Public Service Co. of Colorado | Public Service Co. of Colorado | Public Service Co. of Colorado |
| &nbsp;&nbsp; 3.70%, 06/15/2028 | 591000 | 584510 |
| &nbsp;&nbsp; 5.35%, 05/15/2034 | 835000 | 846888 |
| &nbsp;&nbsp; 4.10%, 06/15/2048 | 2263000 | 1749505 |
| &nbsp;&nbsp; 2.70%, 01/15/2051 | 314000 | 186043 |
|  Public Service Co. of Oklahoma, 2.20%, 08/15/2031 | 1150000 | 994883 |
| Public Service Electric and Gas Co. | Public Service Electric and Gas Co. | Public Service Electric and Gas Co. |
| &nbsp;&nbsp; 4.85%, 08/01/2034 | 49000 | 48845 |
| &nbsp;&nbsp; 2.70%, 05/01/2050 | 420000 | 260661 |
| &nbsp;&nbsp; 5.13%, 03/15/2053 | 800000 | 752539 |
|  Puget Sound Energy, Inc., 5.69%, 06/15/2054 | 83000 | 81335 |
|  RWE Finance US LLC, 6.25%, 04/16/2054 <sup>(a)</sup> | 1000000 | 995661 |
| San Diego Gas & Electric Co. | San Diego Gas & Electric Co. | San Diego Gas & Electric Co. |
| &nbsp;&nbsp; 4.95%, 08/15/2028 | 1000000 | 1020997 |
| &nbsp;&nbsp; 2.95%, 08/15/2051 | 1375000 | 865165 |
|  SCE Recovery Funding LLC, 2.94%, 11/15/2042 | 1627000 | 1311785 |
| Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. |
| &nbsp;&nbsp; 4.88%, 02/01/2027 | 550000 | 553100 |
| &nbsp;&nbsp; 5.85%, 11/01/2027 | 685000 | 701896 |
| &nbsp;&nbsp; 2.75%, 02/01/2032 | 1000000 | 860678 |
| &nbsp;&nbsp; 5.20%, 06/01/2034 | 575000 | 557661 |
| &nbsp;&nbsp; 4.13%, 03/01/2048 | 110000 | 79783 |
| &nbsp;&nbsp; 3.65%, 06/01/2051 | 1000000 | 661104 |
|  Southern California Gas Co., 5.60%, 04/01/2054 | 52000 | 50618 |
|  Southwestern Public Service Co., 3.75%, 06/15/2049 | 360000 | 260571 |
|  Trans-Allegheny Interstate Line Co., 5.00%, 01/15/2031 <sup>(a)</sup> | 75000 | 76306 |
| Union Electric Co. | Union Electric Co. | Union Electric Co. |
| &nbsp;&nbsp; 2.63%, 03/15/2051 | 1000000 | 594930 |
| &nbsp;&nbsp; 3.90%, 04/01/2052 | 90000 | 68573 |
|  Virginia Electric and Power Co., 5.55%, 08/15/2054 | 40000 | 38717 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** | **U.S. CORPORATE BONDS (continued)** |
| **UTILITIES (continued)** | **UTILITIES (continued)** | **UTILITIES (continued)** |
|  Vistra Corp., 7.00% to 12/15/2026 then 5 yr. CMT Rate + 5.74%, Perpetual <sup>(a)</sup> | $2000000 | $2024066 |
| Vistra Operations Co. LLC | Vistra Operations Co. LLC | Vistra Operations Co. LLC |
| &nbsp;&nbsp; 5.63%, 02/15/2027 <sup>(a)</sup> | 375000 | 375257 |
| &nbsp;&nbsp; 5.00%, 07/31/2027 <sup>(a)</sup> | 100000 | 99877 |
|  Wisconsin Power and Light Co., 3.95%, 09/01/2032 | 81000 | 76562 |
|  Wisconsin Public Service Corp., 2.85%, 12/01/2051 | 510000 | 312770 |
|  XPLR Infrastructure Operating Partners LP, 7.25%, 01/15/2029 <sup>(a)</sup> | 1016000 | 1041534 |
| **Total Utilities** | **Total Utilities** | **66890541** |
| **TOTAL CORPORATE BONDS** (Cost $343,030,773) | **TOTAL CORPORATE BONDS** (Cost $343,030,773) | **335110541** |
| **U.S. GOVERNMENT AGENCIES - 17.5%** |  |  |
|  CHI Commercial Mortgage Trust, Series 2025-SFT, Class XA, 0.31%, 04/15/2042 <sup>(a)(d)(f)</sup> | 7875000 | 81086 |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Pool A97420, 4.00%, 03/01/2041 | 71727 | 69355 |
| &nbsp;&nbsp; Pool C04420, 3.00%, 01/01/2043 | 363152 | 329002 |
| &nbsp;&nbsp; Pool C09044, 3.50%, 07/01/2043 | 106414 | 99841 |
| &nbsp;&nbsp; Pool C91967, 3.00%, 12/01/2037 | 173627 | 163874 |
| &nbsp;&nbsp; Pool G06784, 3.50%, 10/01/2041 | 45987 | 43309 |
| &nbsp;&nbsp; Pool G07025, 5.00%, 02/01/2042 | 84691 | 85849 |
| &nbsp;&nbsp; Pool G07028, 4.00%, 06/01/2042 | 129848 | 125404 |
| &nbsp;&nbsp; Pool G08654, 3.50%, 07/01/2045 | 95680 | 88936 |
| &nbsp;&nbsp; Pool G08658, 3.00%, 08/01/2045 | 162586 | 144941 |
| &nbsp;&nbsp; Pool G08721, 3.00%, 09/01/2046 | 969013 | 861842 |
| &nbsp;&nbsp; Pool G08741, 3.00%, 01/01/2047 | 561849 | 499707 |
| &nbsp;&nbsp; Pool G08760, 3.00%, 04/01/2047 | 204139 | 180631 |
| &nbsp;&nbsp; Pool G08768, 4.50%, 06/01/2047 | 163822 | 159697 |
| &nbsp;&nbsp; Pool G08772, 4.50%, 07/01/2047 | 37317 | 36180 |
| &nbsp;&nbsp; Pool G16015, 3.00%, 01/01/2032 | 92433 | 90141 |
| &nbsp;&nbsp; Pool G16177, 2.00%, 01/01/2032 | 62282 | 59191 |
| &nbsp;&nbsp; Pool G61713, 3.50%, 01/01/2045 | 148497 | 139307 |
| &nbsp;&nbsp; Pool G67715, 4.50%, 08/01/2048 | 93350 | 91340 |
| &nbsp;&nbsp; Pool Q12052, 3.50%, 10/01/2042 | 235963 | 221631 |
| &nbsp;&nbsp; Pool Q49494, 4.50%, 07/01/2047 | 40593 | 39580 |
| &nbsp;&nbsp; Pool Q52081, 3.50%, 11/01/2047 | 120498 | 110275 |
| &nbsp;&nbsp; Pool QA7234, 3.00%, 02/01/2050 | 289077 | 253226 |
| &nbsp;&nbsp; Pool QC0039, 2.50%, 03/01/2051 | 239666 | 200207 |
| &nbsp;&nbsp; Pool QC9556, 2.50%, 10/01/2051 | 266863 | 223941 |
| &nbsp;&nbsp; Pool QE0375, 4.00%, 04/01/2052 | 342510 | 321793 |
| &nbsp;&nbsp; Pool QE5182, 4.50%, 06/01/2052 | 308087 | 295209 |
| &nbsp;&nbsp; Pool QE5382, 4.50%, 07/01/2052 | 311715 | 298686 |
| &nbsp;&nbsp; Pool RA7211, 4.00%, 04/01/2052 | 464609 | 433271 |
| &nbsp;&nbsp; Pool RA9629, 5.50%, 08/01/2053 | 1200941 | 1202683 |
| &nbsp;&nbsp; Pool SB8088, 1.50%, 02/01/2036 | 238174 | 212251 |
| &nbsp;&nbsp; Pool SB8189, 4.00%, 11/01/2037 | 1095394 | 1072821 |
| &nbsp;&nbsp; Pool SD1059, 3.50%, 06/01/2052 | 501213 | 454470 |
| &nbsp;&nbsp; Pool SD1844, 3.00%, 06/01/2052 | 664449 | 578763 |
| &nbsp;&nbsp; Pool SD1937, 3.00%, 03/01/2052 | 307674 | 266480 |
| &nbsp;&nbsp; Pool SD7551, 3.00%, 01/01/2052 | 1123264 | 986077 |
| &nbsp;&nbsp; Pool SD8016, 3.00%, 10/01/2049 | 51248 | 44906 |
| &nbsp;&nbsp; Pool SD8090, 2.00%, 09/01/2050 | 2077946 | 1658647 |
| &nbsp;&nbsp; Pool SD8104, 1.50%, 11/01/2050 | 370504 | 279057 |
| &nbsp;&nbsp; Pool SD8128, 2.00%, 02/01/2051 | 3037717 | 2419072 |
| &nbsp;&nbsp; Pool SD8135, 2.50%, 03/01/2051 | 8448487 | 7040996 |
| &nbsp;&nbsp; Pool SD8141, 2.50%, 04/01/2051 | 4630280 | 3867379 |
| &nbsp;&nbsp; Pool SD8178, 2.50%, 11/01/2051 | 1419682 | 1182210 |
| &nbsp;&nbsp; Pool SD8189, 2.50%, 01/01/2052 | 612278 | 509117 |
| &nbsp;&nbsp; Pool SD8195, 3.00%, 02/01/2052 | 225232 | 195280 |
| &nbsp;&nbsp; Pool SD8213, 3.00%, 05/01/2052 | 1723021 | 1493513 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. GOVERNMENT AGENCIES (continued)** |  |  |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Pool SD8214, 3.50%, 05/01/2052 | $2886542 | $2603664 |
| &nbsp;&nbsp; Pool SD8220, 3.00%, 06/01/2052 | 443801 | 384228 |
| &nbsp;&nbsp; Pool SD8231, 4.50%, 07/01/2052 | 499619 | 478226 |
| &nbsp;&nbsp; Pool SD8233, 5.00%, 07/01/2052 | 1643165 | 1620240 |
| &nbsp;&nbsp; Pool SD8244, 4.00%, 09/01/2052 | 932328 | 868712 |
| &nbsp;&nbsp; Pool SD8246, 5.00%, 09/01/2052 | 2452330 | 2415333 |
| &nbsp;&nbsp; Pool SD8265, 4.00%, 11/01/2052 | 6040625 | 5627827 |
| &nbsp;&nbsp; Pool SD8286, 4.00%, 01/01/2053 | 5030781 | 4686728 |
| &nbsp;&nbsp; Pool SD8300, 5.50%, 02/01/2053 | 750664 | 752255 |
| &nbsp;&nbsp; Pool SD8315, 5.00%, 04/01/2053 | 2612229 | 2571605 |
| &nbsp;&nbsp; Pool SD8329, 5.00%, 06/01/2053 | 1434058 | 1408502 |
| &nbsp;&nbsp; Pool SD8349, 5.50%, 08/01/2053 | 3815469 | 3820116 |
| &nbsp;&nbsp; Pool U90490, 4.00%, 06/01/2042 | 2743 | 2637 |
| &nbsp;&nbsp; Pool U99175, 4.50%, 06/01/2047 | 17769 | 17377 |
| &nbsp;&nbsp; Pool V83956, 4.50%, 02/01/2048 | 79715 | 77613 |
| &nbsp;&nbsp; Pool ZK5708, 2.50%, 06/01/2028 | 19537 | 19100 |
| &nbsp;&nbsp; Pool ZM2486, 3.50%, 01/01/2047 | 123698 | 112792 |
| &nbsp;&nbsp; Pool ZT0536, 3.50%, 03/01/2048 | 498145 | 458645 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; 0.88%, 08/05/2030 | 1265000 | 1092927 |
| &nbsp;&nbsp; 0.00%, 03/17/2031 <sup>(g)</sup> | 260000 | 205379 |
| &nbsp;&nbsp; Pool 310210, 4.00%, 05/01/2044 | 1936516 | 1854307 |
| &nbsp;&nbsp; Pool AB2459, 4.00%, 03/01/2041 | 164992 | 159423 |
| &nbsp;&nbsp; Pool AB6832, 3.50%, 11/01/2042 | 178022 | 166927 |
| &nbsp;&nbsp; Pool AE0481, 5.00%, 09/01/2040 | 68253 | 69102 |
| &nbsp;&nbsp; Pool AE1761, 4.00%, 09/01/2040 | 101441 | 98038 |
| &nbsp;&nbsp; Pool AE3049, 4.50%, 09/01/2040 | 98861 | 98545 |
| &nbsp;&nbsp; Pool AH3384, 3.50%, 01/01/2041 | 136503 | 128410 |
| &nbsp;&nbsp; Pool AL0028, 5.00%, 02/01/2041 | 58151 | 58874 |
| &nbsp;&nbsp; Pool AL0054, 4.50%, 02/01/2041 | 192922 | 192067 |
| &nbsp;&nbsp; Pool AL7343, 5.50%, 02/01/2042 | 30817 | 31580 |
| &nbsp;&nbsp; Pool AL8858, 4.00%, 07/01/2046 | 178939 | 169612 |
| &nbsp;&nbsp; Pool AL9072, 5.00%, 07/01/2044 | 136058 | 138408 |
| &nbsp;&nbsp; Pool AO7352, 3.50%, 08/01/2042 | 117653 | 110382 |
| &nbsp;&nbsp; Pool AS0212, 3.50%, 08/01/2043 | 76881 | 72026 |
| &nbsp;&nbsp; Pool AS4952, 3.00%, 05/01/2030 | 63061 | 61667 |
| &nbsp;&nbsp; Pool AS6311, 3.50%, 12/01/2045 | 127924 | 118573 |
| &nbsp;&nbsp; Pool AS7568, 4.50%, 07/01/2046 | 70868 | 69190 |
| &nbsp;&nbsp; Pool AS7660, 2.50%, 08/01/2046 | 381760 | 326308 |
| &nbsp;&nbsp; Pool AS7742, 3.50%, 08/01/2046 | 139995 | 129359 |
| &nbsp;&nbsp; Pool AS7847, 3.00%, 09/01/2046 | 92614 | 82505 |
| &nbsp;&nbsp; Pool AS7877, 2.50%, 09/01/2046 | 33996 | 29030 |
| &nbsp;&nbsp; Pool AS8073, 2.50%, 10/01/2046 | 103045 | 87576 |
| &nbsp;&nbsp; Pool AS8299, 3.00%, 11/01/2046 | 139218 | 124741 |
| &nbsp;&nbsp; Pool AS8583, 3.50%, 01/01/2047 | 78263 | 72038 |
| &nbsp;&nbsp; Pool AS8960, 4.00%, 03/01/2047 | 96337 | 90812 |
| &nbsp;&nbsp; Pool AT2725, 3.00%, 05/01/2043 | 276667 | 249994 |
| &nbsp;&nbsp; Pool AX7677, 3.50%, 01/01/2045 | 8105 | 7571 |
| &nbsp;&nbsp; Pool BA3907, 3.50%, 12/01/2045 | 182234 | 169290 |
| &nbsp;&nbsp; Pool BC0769, 4.00%, 12/01/2045 | 207256 | 196625 |
| &nbsp;&nbsp; Pool BC9096, 3.50%, 12/01/2046 | 68973 | 63784 |
| &nbsp;&nbsp; Pool BM1278, 3.00%, 05/01/2032 | 226365 | 219749 |
| &nbsp;&nbsp; Pool BM3148, 4.50%, 11/01/2047 | 31452 | 30638 |
| &nbsp;&nbsp; Pool BM3881, 4.50%, 05/01/2048 | 65883 | 64096 |
| &nbsp;&nbsp; Pool BM3904, 5.00%, 05/01/2048 | 34306 | 34310 |
| &nbsp;&nbsp; Pool BM4012, 4.50%, 05/01/2048 | 43950 | 42751 |
| &nbsp;&nbsp; Pool BM4716, 3.50%, 12/01/2030 | 16943 | 16730 |
| &nbsp;&nbsp; Pool BM5261, 4.00%, 01/01/2048 | 159564 | 151082 |
| &nbsp;&nbsp; Pool BM5654, 3.50%, 06/01/2048 | 121200 | 111597 |
| &nbsp;&nbsp; Pool BM5839, 3.50%, 11/01/2047 | 3928 | 3676 |
| &nbsp;&nbsp; Pool BM6038, 4.00%, 01/01/2045 | 8002 | 7653 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. GOVERNMENT AGENCIES (continued)** |  |  |
| Federal National Mortgage Association (continued) | Federal National Mortgage Association (continued) | Federal National Mortgage Association (continued) |
| &nbsp;&nbsp; Pool BP2403, 3.50%, 04/01/2050 | $1018942 | $926214 |
| &nbsp;&nbsp; Pool BP6618, 2.50%, 08/01/2050 | 512684 | 429772 |
| &nbsp;&nbsp; Pool BT0267, 3.00%, 09/01/2051 | 263214 | 231860 |
| &nbsp;&nbsp; Pool BV2540, 4.50%, 06/01/2052 | 144521 | 138554 |
| &nbsp;&nbsp; Pool BW3382, 4.50%, 07/01/2052 | 133410 | 127829 |
| &nbsp;&nbsp; Pool CA0549, 4.00%, 10/01/2047 | 50390 | 47719 |
| &nbsp;&nbsp; Pool CA1020, 4.50%, 01/01/2048 | 92803 | 90300 |
| &nbsp;&nbsp; Pool CA1210, 4.50%, 02/01/2048 | 15363 | 14949 |
| &nbsp;&nbsp; Pool CA5083, 3.50%, 01/01/2035 | 73280 | 71215 |
| &nbsp;&nbsp; Pool CA6414, 3.00%, 07/01/2050 | 3216731 | 2852758 |
| &nbsp;&nbsp; Pool CB1301, 2.50%, 08/01/2051 | 253169 | 212430 |
| &nbsp;&nbsp; Pool CB2095, 3.00%, 11/01/2051 | 3945660 | 3417258 |
| &nbsp;&nbsp; Pool CB2243, 2.50%, 11/01/2036 | 476610 | 447858 |
| &nbsp;&nbsp; Pool CB2795, 3.00%, 02/01/2052 | 386473 | 336038 |
| &nbsp;&nbsp; Pool CB3599, 3.50%, 05/01/2052 | 262726 | 237944 |
| &nbsp;&nbsp; Pool CB3715, 3.50%, 06/01/2037 | 673233 | 651343 |
| &nbsp;&nbsp; Pool CB3905, 3.50%, 06/01/2052 | 452902 | 409196 |
| &nbsp;&nbsp; Pool FA0197, 4.00%, 02/01/2054 | 638837 | 595741 |
| &nbsp;&nbsp; Pool FM1001, 3.50%, 11/01/2048 | 160397 | 147472 |
| &nbsp;&nbsp; Pool FM1361, 3.50%, 12/01/2046 | 76723 | 72000 |
| &nbsp;&nbsp; Pool FM2309, 3.50%, 03/01/2049 | 139820 | 128738 |
| &nbsp;&nbsp; Pool FM3664, 4.00%, 03/01/2049 | 987675 | 934369 |
| &nbsp;&nbsp; Pool FM4216, 3.50%, 06/01/2049 | 57724 | 52955 |
| &nbsp;&nbsp; Pool FM4962, 3.00%, 02/01/2047 | 840439 | 759293 |
| &nbsp;&nbsp; Pool FM6272, 2.50%, 02/01/2051 | 174481 | 147027 |
| &nbsp;&nbsp; Pool FM6687, 2.50%, 04/01/2051 | 288262 | 242495 |
| &nbsp;&nbsp; Pool FM8325, 2.50%, 07/01/2035 | 586993 | 561726 |
| &nbsp;&nbsp; Pool FS0759, 3.50%, 02/01/2052 | 742569 | 677055 |
| &nbsp;&nbsp; Pool FS1228, 3.00%, 03/01/2052 | 387140 | 338150 |
| &nbsp;&nbsp; Pool FS1533, 3.00%, 04/01/2052 | 266816 | 233564 |
| &nbsp;&nbsp; Pool FS1535, 3.00%, 04/01/2052 | 89102 | 77827 |
| &nbsp;&nbsp; Pool FS5179, 5.00%, 06/01/2053 | 429772 | 425145 |
| &nbsp;&nbsp; Pool FS5848, 2.50%, 12/01/2051 | 1198964 | 1003861 |
| &nbsp;&nbsp; Pool FS8254, 2.00%, 08/01/2042 | 5063358 | 4365424 |
| &nbsp;&nbsp; Pool MA1178, 4.00%, 09/01/2042 | 19594 | 18811 |
| &nbsp;&nbsp; Pool MA1221, 4.50%, 09/01/2042 | 1742 | 1710 |
| &nbsp;&nbsp; Pool MA1439, 2.50%, 05/01/2043 | 176518 | 155402 |
| &nbsp;&nbsp; Pool MA1711, 4.50%, 12/01/2043 | 10059 | 9874 |
| &nbsp;&nbsp; Pool MA2806, 3.00%, 11/01/2046 | 169443 | 150372 |
| &nbsp;&nbsp; Pool MA2863, 3.00%, 01/01/2047 | 170107 | 150821 |
| &nbsp;&nbsp; Pool MA2959, 3.50%, 04/01/2047 | 233258 | 214954 |
| &nbsp;&nbsp; Pool MA3076, 2.50%, 07/01/2032 | 160135 | 153496 |
| &nbsp;&nbsp; Pool MA3114, 2.50%, 08/01/2032 | 176753 | 169743 |
| &nbsp;&nbsp; Pool MA3120, 3.50%, 09/01/2047 | 106086 | 97288 |
| &nbsp;&nbsp; Pool MA3121, 4.00%, 09/01/2047 | 122346 | 115847 |
| &nbsp;&nbsp; Pool MA3124, 2.50%, 09/01/2032 | 169039 | 162335 |
| &nbsp;&nbsp; Pool MA3182, 3.50%, 11/01/2047 | 32904 | 30251 |
| &nbsp;&nbsp; Pool MA3211, 4.00%, 12/01/2047 | 76702 | 72797 |
| &nbsp;&nbsp; Pool MA3307, 4.50%, 03/01/2048 | 54289 | 52817 |
| &nbsp;&nbsp; Pool MA3333, 4.00%, 04/01/2048 | 55821 | 52836 |
| &nbsp;&nbsp; Pool MA3383, 3.50%, 06/01/2048 | 117895 | 107755 |
| &nbsp;&nbsp; Pool MA3871, 3.00%, 12/01/2049 | 273412 | 239551 |
| &nbsp;&nbsp; Pool MA3937, 3.00%, 02/01/2050 | 686148 | 601087 |
| &nbsp;&nbsp; Pool MA4017, 3.00%, 05/01/2040 | 165546 | 154516 |
| &nbsp;&nbsp; Pool MA4027, 3.50%, 05/01/2040 | 55271 | 52891 |
| &nbsp;&nbsp; Pool MA4119, 2.00%, 09/01/2050 | 2618026 | 2083535 |
| &nbsp;&nbsp; Pool MA4156, 2.50%, 10/01/2035 | 1109682 | 1040092 |
| &nbsp;&nbsp; Pool MA4157, 1.50%, 10/01/2050 | 341969 | 257352 |
| &nbsp;&nbsp; Pool MA4159, 2.50%, 10/01/2050 | 262832 | 219122 |
| &nbsp;&nbsp; Pool MA4182, 2.00%, 11/01/2050 | 335784 | 268029 |
| &nbsp;&nbsp; Pool MA4204, 2.00%, 12/01/2040 | 408704 | 353151 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. GOVERNMENT AGENCIES (continued)** |  |  |
| Federal National Mortgage Association (continued) | Federal National Mortgage Association (continued) | Federal National Mortgage Association (continued) |
| &nbsp;&nbsp; Pool MA4209, 1.50%, 12/01/2050 | $1570094 | $1181608 |
| &nbsp;&nbsp; Pool MA4236, 1.50%, 01/01/2051 | 447633 | 336981 |
| &nbsp;&nbsp; Pool MA4237, 2.00%, 01/01/2051 | 346287 | 276088 |
| &nbsp;&nbsp; Pool MA4255, 2.00%, 02/01/2051 | 379036 | 301844 |
| &nbsp;&nbsp; Pool MA4268, 2.00%, 02/01/2041 | 339936 | 293370 |
| &nbsp;&nbsp; Pool MA4302, 1.50%, 04/01/2036 | 456874 | 407145 |
| &nbsp;&nbsp; Pool MA4306, 2.50%, 04/01/2051 | 1322567 | 1104279 |
| &nbsp;&nbsp; Pool MA4325, 2.00%, 05/01/2051 | 5513331 | 4386214 |
| &nbsp;&nbsp; Pool MA4333, 2.00%, 05/01/2041 | 691358 | 594385 |
| &nbsp;&nbsp; Pool MA4355, 2.00%, 06/01/2051 | 3906911 | 3097493 |
| &nbsp;&nbsp; Pool MA4377, 1.50%, 07/01/2051 | 538317 | 404993 |
| &nbsp;&nbsp; Pool MA4378, 2.00%, 07/01/2051 | 569698 | 453166 |
| &nbsp;&nbsp; Pool MA4473, 1.50%, 11/01/2041 | 4556313 | 3745402 |
| &nbsp;&nbsp; Pool MA4512, 2.50%, 01/01/2052 | 484118 | 402839 |
| &nbsp;&nbsp; Pool MA4548, 2.50%, 02/01/2052 | 1522285 | 1266199 |
| &nbsp;&nbsp; Pool MA4565, 3.50%, 03/01/2052 | 1209265 | 1092937 |
| &nbsp;&nbsp; Pool MA4579, 3.00%, 04/01/2052 | 674804 | 584989 |
| &nbsp;&nbsp; Pool MA4580, 3.50%, 04/01/2052 | 572908 | 516763 |
| &nbsp;&nbsp; Pool MA4600, 3.50%, 05/01/2052 | 462894 | 417531 |
| &nbsp;&nbsp; Pool MA4624, 3.00%, 06/01/2052 | 326422 | 282717 |
| &nbsp;&nbsp; Pool MA4626, 4.00%, 06/01/2052 | 5390230 | 5022727 |
| &nbsp;&nbsp; Pool MA4644, 4.00%, 05/01/2052 | 1317398 | 1227513 |
| &nbsp;&nbsp; Pool MA4655, 4.00%, 07/01/2052 | 1032359 | 961972 |
| &nbsp;&nbsp; Pool MA4656, 4.50%, 07/01/2052 | 2415820 | 2315009 |
| &nbsp;&nbsp; Pool MA4684, 4.50%, 06/01/2052 | 3323641 | 3185066 |
| &nbsp;&nbsp; Pool MA4700, 4.00%, 08/01/2052 | 3559422 | 3316552 |
| &nbsp;&nbsp; Pool MA4701, 4.50%, 08/01/2052 | 3670639 | 3517593 |
| &nbsp;&nbsp; Pool MA4709, 5.00%, 07/01/2052 | 664314 | 654327 |
| &nbsp;&nbsp; Pool MA4732, 4.00%, 09/01/2052 | 6937383 | 6464016 |
| &nbsp;&nbsp; Pool MA4733, 4.50%, 09/01/2052 | 9337056 | 8948078 |
| &nbsp;&nbsp; Pool MA4737, 5.00%, 08/01/2052 | 985626 | 970808 |
| &nbsp;&nbsp; Pool MA4761, 5.00%, 09/01/2052 | 164302 | 161823 |
| &nbsp;&nbsp; Pool MA4783, 4.00%, 10/01/2052 | 5877410 | 5467272 |
| &nbsp;&nbsp; Pool MA4784, 4.50%, 10/01/2052 | 603462 | 578343 |
| &nbsp;&nbsp; Pool MA4785, 5.00%, 10/01/2052 | 4233329 | 4169245 |
| &nbsp;&nbsp; Pool MA4805, 4.50%, 11/01/2052 | 5045704 | 4835867 |
| &nbsp;&nbsp; Pool MA4807, 5.50%, 11/01/2052 | 2567789 | 2582754 |
| &nbsp;&nbsp; Pool MA4840, 4.50%, 12/01/2052 | 1276806 | 1223709 |
| &nbsp;&nbsp; Pool MA4842, 5.50%, 12/01/2052 | 1873028 | 1878445 |
| &nbsp;&nbsp; Pool MA4868, 5.00%, 01/01/2053 | 494110 | 486630 |
| &nbsp;&nbsp; Pool MA4918, 5.00%, 02/01/2053 | 1639628 | 1612443 |
| &nbsp;&nbsp; Pool MA4919, 5.50%, 02/01/2053 | 831076 | 833159 |
| &nbsp;&nbsp; Pool MA4942, 6.00%, 03/01/2053 | 553441 | 563778 |
| &nbsp;&nbsp; Pool MA4978, 5.00%, 04/01/2053 | 2207950 | 2170990 |
| &nbsp;&nbsp; Pool MA5011, 6.00%, 05/01/2053 | 1519159 | 1549052 |
| &nbsp;&nbsp; Pool MA5026, 3.50%, 04/01/2053 | 4454362 | 4013747 |
| &nbsp;&nbsp; Pool MA5039, 5.50%, 06/01/2053 | 2251085 | 2254406 |
| &nbsp;&nbsp; Pool MA5106, 5.00%, 08/01/2053 | 1543739 | 1516788 |
| &nbsp;&nbsp; Pool MA5107, 5.50%, 08/01/2053 | 3732872 | 3737813 |
| &nbsp;&nbsp; Pool MA5138, 5.50%, 09/01/2053 | 2320432 | 2323682 |
| &nbsp;&nbsp; Pool MA5139, 6.00%, 09/01/2053 | 4126534 | 4199760 |
| &nbsp;&nbsp; Pool MA5165, 5.50%, 10/01/2053 | 7778345 | 7786817 |
| &nbsp;&nbsp; Pool MA5190, 5.50%, 11/01/2053 | 6382917 | 6389869 |
| &nbsp;&nbsp; Pool MA5247, 6.00%, 01/01/2054 | 263731 | 268290 |
| &nbsp;&nbsp; Pool MA5327, 5.00%, 04/01/2054 | 2118670 | 2077436 |
| &nbsp;&nbsp; Pool MA5353, 5.50%, 05/01/2054 | 2028008 | 2028389 |
| &nbsp;&nbsp; Pool MA5389, 6.00%, 06/01/2054 | 355527 | 361485 |
| &nbsp;&nbsp; Pool MA5497, 5.50%, 10/01/2054 | 1448296 | 1448568 |
| &nbsp;&nbsp; Pool MA5498, 6.00%, 10/01/2054 | 550061 | 559119 |
| &nbsp;&nbsp; Pool MA5553, 5.50%, 12/01/2054 | 2382208 | 2382656 |
| &nbsp;&nbsp; Pool MA5683, 5.00%, 04/01/2040 | 970864 | 977962 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. GOVERNMENT AGENCIES (continued)** |  |  |
|  Ginnie Mae I Pool, Pool BU5340, 3.00%, 04/15/2050 | $151905 | $134697 |
| Ginnie Mae II Pool | Ginnie Mae II Pool | Ginnie Mae II Pool |
| &nbsp;&nbsp; Pool 4540, 4.50%, 09/20/2039 | 59878 | 59414 |
| &nbsp;&nbsp; Pool 4853, 4.00%, 11/20/2040 | 57969 | 55433 |
| &nbsp;&nbsp; Pool 5115, 4.50%, 07/20/2041 | 34428 | 34161 |
| &nbsp;&nbsp; Pool 5304, 3.50%, 02/20/2042 | 119137 | 111613 |
| &nbsp;&nbsp; Pool 785163, 3.50%, 10/20/2050 | 50201 | 46160 |
| &nbsp;&nbsp; Pool 786483, 3.50%, 11/20/2052 | 3054573 | 2740433 |
| &nbsp;&nbsp; Pool BX3679, 3.00%, 08/20/2050 | 225551 | 199307 |
| &nbsp;&nbsp; Pool BX3680, 3.00%, 08/20/2050 | 291257 | 257008 |
| &nbsp;&nbsp; Pool BX3681, 3.00%, 08/20/2050 | 196731 | 173478 |
| &nbsp;&nbsp; Pool BY0325, 2.50%, 10/20/2050 | 1111522 | 935197 |
| &nbsp;&nbsp; Pool BY0330, 3.00%, 10/20/2050 | 88290 | 78125 |
| &nbsp;&nbsp; Pool BY0331, 3.00%, 10/20/2050 | 229216 | 202825 |
| &nbsp;&nbsp; Pool BY0338, 3.50%, 08/20/2050 | 119052 | 109764 |
| &nbsp;&nbsp; Pool BY0339, 3.50%, 08/20/2050 | 118014 | 108626 |
| &nbsp;&nbsp; Pool BY0340, 3.50%, 08/20/2050 | 117809 | 108182 |
| &nbsp;&nbsp; Pool MA0220, 3.50%, 07/20/2042 | 173095 | 162001 |
| &nbsp;&nbsp; Pool MA0534, 3.50%, 11/20/2042 | 78887 | 73798 |
| &nbsp;&nbsp; Pool MA0624, 3.00%, 12/20/2042 | 145982 | 133041 |
| &nbsp;&nbsp; Pool MA2964, 5.00%, 07/20/2045 | 83442 | 84160 |
| &nbsp;&nbsp; Pool MA3034, 3.50%, 08/20/2045 | 30760 | 28626 |
| &nbsp;&nbsp; Pool MA3105, 3.50%, 09/20/2045 | 30612 | 28489 |
| &nbsp;&nbsp; Pool MA3309, 3.00%, 12/20/2045 | 45196 | 40595 |
| &nbsp;&nbsp; Pool MA3455, 4.00%, 02/20/2046 | 122608 | 116258 |
| &nbsp;&nbsp; Pool MA3522, 4.00%, 03/20/2046 | 45969 | 43616 |
| &nbsp;&nbsp; Pool MA3597, 3.50%, 04/20/2046 | 44024 | 40970 |
| &nbsp;&nbsp; Pool MA3936, 3.00%, 09/20/2046 | 65511 | 58808 |
| &nbsp;&nbsp; Pool MA4125, 2.50%, 12/20/2046 | 64503 | 56110 |
| &nbsp;&nbsp; Pool MA4127, 3.50%, 12/20/2046 | 250036 | 231419 |
| &nbsp;&nbsp; Pool MA4261, 3.00%, 02/20/2047 | 160436 | 143853 |
| &nbsp;&nbsp; Pool MA4264, 4.50%, 02/20/2047 | 21641 | 21133 |
| &nbsp;&nbsp; Pool MA4381, 3.00%, 04/20/2047 | 108452 | 97247 |
| &nbsp;&nbsp; Pool MA4382, 3.50%, 04/20/2047 | 907066 | 839452 |
| &nbsp;&nbsp; Pool MA4452, 4.00%, 05/20/2047 | 66528 | 62301 |
| &nbsp;&nbsp; Pool MA4653, 4.00%, 08/20/2047 | 34508 | 32413 |
| &nbsp;&nbsp; Pool MA4654, 4.50%, 08/20/2047 | 32521 | 31747 |
| &nbsp;&nbsp; Pool MA4720, 4.00%, 09/20/2047 | 518559 | 488808 |
| &nbsp;&nbsp; Pool MA4837, 3.50%, 11/20/2047 | 82404 | 76116 |
| &nbsp;&nbsp; Pool MA4899, 3.00%, 12/20/2047 | 48111 | 43058 |
| &nbsp;&nbsp; Pool MA4961, 3.00%, 01/20/2048 | 100964 | 90362 |
| &nbsp;&nbsp; Pool MA4962, 3.50%, 01/20/2048 | 84731 | 78249 |
| &nbsp;&nbsp; Pool MA4964, 4.50%, 01/20/2048 | 100223 | 97838 |
| &nbsp;&nbsp; Pool MA5079, 4.50%, 03/20/2048 | 20149 | 19669 |
| &nbsp;&nbsp; Pool MA5331, 4.50%, 07/20/2048 | 40661 | 39626 |
| &nbsp;&nbsp; Pool MA5594, 3.50%, 11/20/2048 | 335853 | 309362 |
| &nbsp;&nbsp; Pool MA5876, 4.00%, 04/20/2049 | 1740998 | 1652380 |
| &nbsp;&nbsp; Pool MA5987, 4.50%, 06/20/2049 | 112135 | 109512 |
| &nbsp;&nbsp; Pool MA6090, 3.50%, 08/20/2049 | 1034914 | 946763 |
| &nbsp;&nbsp; Pool MA6153, 3.00%, 09/20/2049 | 77703 | 69020 |
| &nbsp;&nbsp; Pool MA6338, 3.00%, 12/20/2049 | 156763 | 139254 |
| &nbsp;&nbsp; Pool MA6409, 3.00%, 01/20/2050 | 363459 | 323115 |
| &nbsp;&nbsp; Pool MA6411, 4.00%, 01/20/2050 | 196202 | 184498 |
| &nbsp;&nbsp; Pool MA6476, 4.00%, 02/20/2050 | 286727 | 269635 |
| &nbsp;&nbsp; Pool MA6768, 4.00%, 07/20/2050 | 432907 | 406913 |
| &nbsp;&nbsp; Pool MA6931, 2.50%, 10/20/2050 | 3271477 | 2784044 |
| &nbsp;&nbsp; Pool MA7135, 2.00%, 01/20/2051 | 537750 | 438047 |
| &nbsp;&nbsp; Pool MA7194, 3.00%, 02/20/2051 | 208217 | 184771 |
| &nbsp;&nbsp; Pool MA7254, 2.00%, 03/20/2051 | 314545 | 256213 |
| &nbsp;&nbsp; Pool MA7367, 2.50%, 05/20/2051 | 3774193 | 3209476 |
| &nbsp;&nbsp; Pool MA7369, 3.50%, 05/20/2051 | 1493272 | 1365844 |
| &nbsp;&nbsp; Pool MA7419, 3.00%, 06/20/2051 | 337344 | 298728 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. GOVERNMENT AGENCIES (continued)** |  |  |
| Ginnie Mae II Pool (continued) | Ginnie Mae II Pool (continued) | Ginnie Mae II Pool (continued) |
| &nbsp;&nbsp; Pool MA7471, 2.00%, 07/20/2051 | $384594 | $313264 |
| &nbsp;&nbsp; Pool MA7533, 2.00%, 08/20/2051 | 424507 | 345774 |
| &nbsp;&nbsp; Pool MA7768, 3.00%, 12/20/2051 | 1417422 | 1254287 |
| &nbsp;&nbsp; Pool MA7828, 3.00%, 01/20/2052 | 387256 | 342783 |
| &nbsp;&nbsp; Pool MA7829, 3.50%, 01/20/2052 | 761348 | 695200 |
| &nbsp;&nbsp; Pool MA7871, 2.50%, 02/20/2052 | 241411 | 201323 |
| &nbsp;&nbsp; Pool MA7883, 3.50%, 02/20/2052 | 2031218 | 1855043 |
| &nbsp;&nbsp; Pool MA7989, 3.50%, 04/20/2052 | 1914450 | 1746630 |
| &nbsp;&nbsp; Pool MA8149, 3.50%, 07/20/2052 | 2325837 | 2121593 |
| &nbsp;&nbsp; Pool MA8201, 4.50%, 08/20/2052 | 998211 | 963527 |
| &nbsp;&nbsp; Pool MA8267, 4.00%, 09/20/2052 | 6118531 | 5718306 |
| &nbsp;&nbsp; Pool MA8347, 4.50%, 10/20/2052 | 1545341 | 1492282 |
| &nbsp;&nbsp; Pool MA8428, 5.00%, 11/20/2052 | 542716 | 535836 |
| &nbsp;&nbsp; Pool MA8487, 3.50%, 12/20/2052 | 3257989 | 2973911 |
| &nbsp;&nbsp; Pool MA8489, 4.50%, 12/20/2052 | 1402630 | 1352890 |
| &nbsp;&nbsp; Pool MA8646, 4.50%, 02/20/2053 | 2454068 | 2364499 |
| &nbsp;&nbsp; Pool MA8647, 5.00%, 02/20/2053 | 1388939 | 1370330 |
| &nbsp;&nbsp; Pool MA8725, 5.00%, 03/20/2053 | 276604 | 273138 |
| &nbsp;&nbsp; Pool MA8879, 5.50%, 05/20/2053 | 3667679 | 3690609 |
| &nbsp;&nbsp; Pool MA9101, 3.00%, 08/20/2053 | 2829427 | 2506046 |
| &nbsp;&nbsp; Pool MA9852, 6.00%, 08/20/2054 | 1999921 | 2032258 |
| &nbsp;&nbsp; Pool MB0091, 5.00%, 12/20/2054 | 144048 | 141585 |
|  International Finance Corp., 4.38%, 01/15/2027 | 1000000 | 1007436 |
| Tennessee Valley Authority | Tennessee Valley Authority | Tennessee Valley Authority |
| &nbsp;&nbsp; 1.50%, 09/15/2031 | 105000 | 90190 |
| &nbsp;&nbsp; 0.00%, 07/15/2034 <sup>(g)</sup> | 45000 | 30134 |
| &nbsp;&nbsp; 5.25%, 02/01/2055 | 660000 | 643772 |
|  U.S. Department of Housing and Urban Development, 2.87%, 08/01/2027 | 1000000 | 978268 |
| U.S. International Development Finance Corporation | U.S. International Development Finance Corporation | U.S. International Development Finance Corporation |
| &nbsp;&nbsp; 1.65%, 04/15/2028 | 1000000 | 949560 |
| &nbsp;&nbsp; 1.05%, 10/15/2029 | 547308 | 513091 |
| **TOTAL U.S. GOVERNMENT AGENCIES** (Cost $289,321,004) | **TOTAL U.S. GOVERNMENT AGENCIES** (Cost $289,321,004) | **280972867** |
| **ASSET-BACKED SECURITIES - 14.3%** |  |  |
|  ABPCI Direct Lending Fund ABS Ltd., Series 2020-1A, Class A, 3.20%, 12/29/2030 <sup>(a)</sup> | 1036490 | 1017181 |
|  Adams Outdoor Advertising LP, Series 2023-1, Class A2, 6.97%, 07/15/2053 <sup>(a)</sup> | 500000 | 512921 |
| Affirm, Inc. | Affirm, Inc. | Affirm, Inc. |
| &nbsp;&nbsp; Series 2024-A, Class 1A, 5.61%, 02/15/2029 <sup>(a)</sup> | 1600000 | 1612186 |
| &nbsp;&nbsp; Series 2024-X2, Class A, 5.22%, 12/17/2029 <sup>(a)</sup> | 554144 | 554420 |
| &nbsp;&nbsp; Series 2025-2A, Class A, 4.67%, 07/15/2033 <sup>(a)</sup> | 1200000 | 1204624 |
|  AGL CLO Ltd., Series 2022-19A, Class A1R, 0.00% (3 mo. Term SOFR + 1.30%), 07/21/2038 <sup>(a)</sup> | 3000000 | 3000000 |
| Air Canada | Air Canada | Air Canada |
| &nbsp;&nbsp; Series 2015-1, 3.60%, 03/15/2027 <sup>(a)</sup> | 2750633 | 2685505 |
| &nbsp;&nbsp; Series 2015-2, 3.75%, 12/15/2027 <sup>(a)</sup> | 963911 | 937055 |
| &nbsp;&nbsp; Series 2020-2, Class A, 5.25%, 04/01/2029 <sup>(a)</sup> | 944064 | 952550 |
| Aligned Data Centers Issuer LLC | Aligned Data Centers Issuer LLC | Aligned Data Centers Issuer LLC |
| &nbsp;&nbsp; Series 2022-1A, Class A2, 6.35%, 10/15/2047 <sup>(a)</sup> | 1000000 | 1002786 |
| &nbsp;&nbsp; Series 2023-1A, Class A2, 6.00%, 08/17/2048 <sup>(a)</sup> | 1180000 | 1191167 |
| AmeriCredit Automobile Receivables Trust | AmeriCredit Automobile Receivables Trust | AmeriCredit Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2021-3, Class C, 1.41%, 08/18/2027 | 300000 | 294350 |
| &nbsp;&nbsp; Series 2023-2, Class C, 6.00%, 07/18/2029 | 500000 | 513723 |
|  Anchorage Capital CLO Ltd., Series 2023-26A, Class A1R, 5.81% (3 mo. Term SOFR + 1.52%), 03/19/2038 <sup>(a)</sup> | 2250000 | 2260881 |
|  Angel Oak Mortgage Trust LLC, Series 2021-8, Class A3, 2.84%, 11/25/2066 <sup>(a)(d)</sup> | 100000 | 71467 |
|  Apidos CLO, Series 2018-18A, Class A1R2, 5.60% (3 mo. Term SOFR + 1.33%), 01/22/2038 <sup>(a)</sup> | 2500000 | 2505582 |
|  Ares Loan Funding IX Ltd., Series 2025-ALF9A, Class A1, 5.42% (3 mo. Term SOFR + 1.18%), 03/31/2038 <sup>(a)</sup> | 2500000 | 2496250 |
| Atlas Senior Loan Fund Ltd. | Atlas Senior Loan Fund Ltd. | Atlas Senior Loan Fund Ltd. |
| &nbsp;&nbsp; Series 2016-7A, Class A2R, 6.14% (3 mo. Term SOFR + 1.81%), 11/27/2031 <sup>(a)</sup> | 1500000 | 1501585 |
| &nbsp;&nbsp; Series 2018-10A, Class B, 6.02% (3 mo. Term SOFR + 1.76%), 01/15/2031 <sup>(a)</sup> | 2250000 | 2253638 |
| &nbsp;&nbsp; Series 2018-11A, Class A1L, 5.64% (3 mo. Term SOFR + 1.36%), 07/26/2031 <sup>(a)</sup> | 254341 | 254436 |
|  ATLX Trust, Series 2024-RPL1, Class A1, 3.85%, 04/25/2064 <sup>(a)(c)</sup> | 558267 | 539129 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** |  |  |
| Avis Budget Car Rental LLC | Avis Budget Car Rental LLC | Avis Budget Car Rental LLC |
| &nbsp;&nbsp; Series 2021-1A, Class A, 1.38%, 08/20/2027 <sup>(a)</sup> | $800000 | $776879 |
| &nbsp;&nbsp; Series 2021-2A, Class A, 1.66%, 02/20/2028 <sup>(a)</sup> | 900000 | 864562 |
| &nbsp;&nbsp; Series 2022-1A, Class A, 3.83%, 08/21/2028 <sup>(a)</sup> | 1000000 | 989167 |
| &nbsp;&nbsp; Series 2023-1A, Class A, 5.25%, 04/20/2029 <sup>(a)</sup> | 1400000 | 1427060 |
| &nbsp;&nbsp; Series 2023-2A, Class A, 5.20%, 10/20/2027 <sup>(a)</sup> | 400000 | 402958 |
| &nbsp;&nbsp; Series 2023-3A, Class A, 5.44%, 02/22/2028 <sup>(a)</sup> | 600000 | 607473 |
| &nbsp;&nbsp; Series 2023-4A, Class A, 5.49%, 06/20/2029 <sup>(a)</sup> | 2000000 | 2053548 |
| &nbsp;&nbsp; Series 2024-1A, Class A, 5.36%, 06/20/2030 <sup>(a)</sup> | 500000 | 513020 |
|  Bain Capital Credit CLO, Series 2019-1A, Class AR2, 5.50% (3 mo. Term SOFR + 1.23%), 04/19/2034 <sup>(a)</sup> | 3250000 | 3254648 |
| Bankers Healthcare Group, Inc. | Bankers Healthcare Group, Inc. | Bankers Healthcare Group, Inc. |
| &nbsp;&nbsp; Series 2022-C, Class B, 5.93%, 10/17/2035 <sup>(a)</sup> | 1100156 | 1103795 |
| &nbsp;&nbsp; Series 2023-B, Class B, 7.45%, 12/17/2036 <sup>(a)</sup> | 540000 | 554795 |
| Barrow Hanley Ltd. | Barrow Hanley Ltd. | Barrow Hanley Ltd. |
| &nbsp;&nbsp; Series 2023-1A, Class A1R, 5.61% (3 mo. Term SOFR + 1.34%), 01/20/2038 <sup>(a)</sup> | 2450000 | 2453011 |
| &nbsp;&nbsp; Series 2024-3A, Class A1, 5.89% (3 mo. Term SOFR + 1.62%), 04/20/2037 <sup>(a)</sup> | 3000000 | 3009165 |
|  Blue Stream Communications LLC, Series 2023-1A, Class A2, 5.40%, 05/20/2053 <sup>(a)</sup> | 1300000 | 1304394 |
|  BlueMountain CLO Ltd., Series 2021-31A, Class A1, 5.68% (3 mo. Term SOFR + 1.41%), 04/19/2034 <sup>(a)</sup> | 3000000 | 3002088 |
|  Bread Financial Holdings, Inc., Series 2024-B, Class A, 4.62%, 05/15/2031 | 1000000 | 1007368 |
| Business Jet Securities LLC | Business Jet Securities LLC | Business Jet Securities LLC |
| &nbsp;&nbsp; Series 2022-1A, Class B, 5.19%, 06/15/2037 <sup>(a)</sup> | 472904 | 465186 |
| &nbsp;&nbsp; Series 2024-1A, Class B, 6.92%, 05/15/2039 <sup>(a)</sup> | 1167472 | 1198322 |
|  Capital Automotive LLC, Series 2024-3A, Class A1, 4.40%, 10/15/2054 <sup>(a)</sup> | 1202800 | 1170247 |
|  Carlyle Global Market Strategies, Series 2021-5A, Class A1, 5.65% (3 mo. Term SOFR + 1.38%), 07/20/2034 <sup>(a)</sup> | 1500000 | 1500737 |
| CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust |
| &nbsp;&nbsp; Series 2021-3, Class C, 1.25%, 05/17/2027 | 190000 | 187957 |
| &nbsp;&nbsp; Series 2021-4, Class C, 1.38%, 07/15/2027 | 200000 | 196730 |
| &nbsp;&nbsp; Series 2022-1, Class C, 2.20%, 11/15/2027 | 300000 | 294359 |
| &nbsp;&nbsp; Series 2022-1, Class D, 2.47%, 07/17/2028 | 100000 | 98159 |
|  CBAM Ltd., Series 2020-12A, Class AR, 5.71% (3 mo. Term SOFR + 1.44%), 07/20/2034 <sup>(a)</sup> | 1750000 | 1752742 |
|  CCG Receivables Trust, Series 2025-1A, Class A2, 5.50%, 03/26/2055 <sup>(a)</sup> | 1050000 | 1032969 |
|  CFG Investments Ltd., Series 2025-1, Class A, 6.47%, 03/25/2036 <sup>(a)</sup> | 1500000 | 1514979 |
|  CIFC Funding Ltd., Series 2018-2A, Class A1R, 5.64% (3 mo. Term SOFR + 1.37%), 10/20/2037 <sup>(a)</sup> | 3250000 | 3258219 |
|  Citibank NA, Series 2018-A7, Class A7, 3.96%, 10/13/2030 | 600000 | 597095 |
|  Cogent Communications Holdings, Inc., Series 2024-1A, Class A2, 7.92%, 05/25/2054 <sup>(a)</sup> | 2200000 | 2331397 |
|  COOPR Residential Mortgage Trust, Series 2025-CES2, Class A1A, 5.50%, 06/25/2060 <sup>(a)(d)</sup> | 900000 | 899992 |
| Credit Acceptance Corp. | Credit Acceptance Corp. | Credit Acceptance Corp. |
| &nbsp;&nbsp; Series 2023-5A, Class C, 7.30%, 04/17/2034 <sup>(a)</sup> | 1000000 | 1038748 |
| &nbsp;&nbsp; Series 2024-3A, Class B, 4.85%, 11/15/2034 <sup>(a)</sup> | 520000 | 521258 |
|  Credit Suisse Mortgage Capital Certificates, Series 2018-RPL9, Class A, 3.85%, 09/25/2057 <sup>(a)(d)</sup> | 96600 | 93602 |
|  Crown Point CLO Ltd., Series 2021-11A, Class A1R, 5.52% (3 mo. Term SOFR + 1.26%), 02/28/2038 <sup>(a)</sup> | 3000000 | 3017259 |
|  Cyrusone Holdco LLC, Series 2025-1A, Class A2, 5.91%, 02/20/2050 <sup>(a)</sup> | 880000 | 896117 |
|  Delta Air Lines, Inc., Series 2015-1, 3.88%, 07/30/2027 | 326832 | 316042 |
|  DigitalBridge Group, Inc., Series 2021-1A, Class A2, 3.93%, 09/25/2051 <sup>(a)</sup> | 1020000 | 986740 |
|  EFMT 2024-CES1, Series 2024-CES1, Class A1, 5.52%, 01/26/2060 <sup>(a)(c)</sup> | 827113 | 832930 |
|  EnFin Residential Solar Receivables Trust, Series 2024-2A, Class A, 5.98%, 09/20/2055 <sup>(a)</sup> | 939190 | 904109 |
|  ExteNet LLC, Series 2024-1A, Class A2, 5.34%, 07/25/2054 <sup>(a)</sup> | 750000 | 751763 |
|  FedEx Corp., 1.88%, 02/20/2034 | 53156 | 45895 |
|  Flexential Issuer LLC, Series 2021-1A, Class A2, 3.25%, 11/27/2051 <sup>(a)</sup> | 1700000 | 1645124 |
| Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust |
| &nbsp;&nbsp; Series 2021-1, Class A, 1.37%, 10/17/2033 <sup>(a)</sup> | 3000000 | 2927336 |
| &nbsp;&nbsp; Series 2021-1, Class B, 1.61%, 10/17/2033 <sup>(a)</sup> | 120000 | 117009 |
| &nbsp;&nbsp; Series 2021-2, Class B, 1.91%, 05/15/2034 <sup>(a)</sup> | 100000 | 96473 |
| &nbsp;&nbsp; Series 2022-B, Class A4, 3.93%, 08/15/2027 | 1500000 | 1495431 |
| &nbsp;&nbsp; Series 2024-1, Class A, 4.87%, 08/15/2036 <sup>(a)(c)</sup> | 2300000 | 2344008 |
| Ford Credit Floorplan LLC | Ford Credit Floorplan LLC | Ford Credit Floorplan LLC |
| &nbsp;&nbsp; Series 2020-2, Class A, 1.06%, 09/15/2027 | 600000 | 595586 |
| &nbsp;&nbsp; Series 2024-1, Class A1, 5.29%, 04/15/2029 <sup>(a)</sup> | 2100000 | 2135620 |
| &nbsp;&nbsp; Series 2024-3, Class A1, 4.30%, 09/15/2029 <sup>(a)</sup> | 1700000 | 1702681 |
|  Frontier Communications Parent, Inc., Series 2024-1, Class A2, 6.19%, 06/20/2054 <sup>(a)</sup> | 590000 | 607535 |
|  General Motors Co., Series 2024-4A, Class A1, 4.73%, 11/15/2029 <sup>(a)</sup> | 1000000 | 1011516 |
|  General Motors Financial Co., Inc., Series 2021-2, Class C, 1.01%, 01/19/2027 | 157115 | 155620 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** |  |  |
| Global Sea Containers Two SRL | Global Sea Containers Two SRL | Global Sea Containers Two SRL |
| &nbsp;&nbsp; Series 2020-1A, Class A, 2.17%, 10/17/2040 <sup>(a)</sup> | $550624 | $524639 |
| &nbsp;&nbsp; Series 2020-2A, Class A, 2.26%, 11/19/2040 <sup>(a)</sup> | 145110 | 138461 |
| &nbsp;&nbsp; Series 2020-2A, Class B, 3.32%, 11/19/2040 <sup>(a)</sup> | 120921 | 115798 |
| GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2023-4, Class B, 6.16%, 04/16/2029 | 500000 | 516320 |
| &nbsp;&nbsp; Series 2023-4, Class C, 6.41%, 05/16/2029 | 300000 | 310602 |
| GM Financial Revolving Receivables Trust | GM Financial Revolving Receivables Trust | GM Financial Revolving Receivables Trust |
| &nbsp;&nbsp; Series 2021-1, Class B, 1.49%, 06/12/2034 <sup>(a)</sup> | 100000 | 96426 |
| &nbsp;&nbsp; Series 2023-2, Class A, 5.77%, 08/11/2036 <sup>(a)</sup> | 500000 | 522138 |
| &nbsp;&nbsp; Series 2024-2, Class A, 4.52%, 03/11/2037 <sup>(a)</sup> | 1700000 | 1709883 |
|  Golub Capital Partners ABS Funding Ltd., Series 2020-1A, Class A2, 3.21%, 01/22/2029 <sup>(a)</sup> | 242430 | 241337 |
| GoodLeap Sustainable Home Solutions Trust | GoodLeap Sustainable Home Solutions Trust | GoodLeap Sustainable Home Solutions Trust |
| &nbsp;&nbsp; Series 2021-3CS, Class A, 2.10%, 05/20/2048 <sup>(a)</sup> | 260365 | 203891 |
| &nbsp;&nbsp; Series 2021-5CS, Class A, 2.31%, 10/20/2048 <sup>(a)</sup> | 1013642 | 835331 |
| &nbsp;&nbsp; Series 2022-1GS, Class A, 2.70%, 01/20/2049 <sup>(a)</sup> | 724318 | 625010 |
| &nbsp;&nbsp; Series 2022-3CS, Class A, 4.95%, 07/20/2049 <sup>(a)</sup> | 803277 | 724178 |
|  GreenSky Home Improvement Trust 2024-1, Series 2024-1, Class A2, 5.88%, 06/25/2059 <sup>(a)</sup> | 354281 | 356086 |
| HERO Funding Trust | HERO Funding Trust | HERO Funding Trust |
| &nbsp;&nbsp; Series 2016-1A, Class A, 4.05%, 09/20/2041 <sup>(a)</sup> | 206342 | 195063 |
| &nbsp;&nbsp; Series 2016-3A, Class A1, 3.08%, 09/20/2042 <sup>(a)</sup> | 93846 | 85444 |
| &nbsp;&nbsp; Series 2020-1A, Class A, 2.59%, 09/20/2057 <sup>(a)</sup> | 359339 | 299528 |
|  Hertz Global Holdings, Inc., Series 2025-2A, Class A, 5.13%, 09/25/2031 <sup>(a)</sup> | 810000 | 812352 |
|  Hertz Vehicle Financing LLC, Series 2023-2A, Class C, 7.13%, 09/25/2029 <sup>(a)</sup> | 900000 | 919233 |
|  Home Equity Asset Trust, Series 2003-1, Class M1, 5.93% (1 mo. Term SOFR + 1.61%), 06/25/2033 | 1391 | 1367 |
|  Home Partners of America Trust, Series 2021-3, Class A, 2.20%, 01/17/2041 <sup>(a)</sup> | 334246 | 308319 |
|  Hotwire Funding LLC, Series 2024-1A, Class B, 6.67%, 06/20/2054 <sup>(a)</sup> | 1500000 | 1535265 |
|  ICG US CLO Ltd., Series 2015-2RA, Class BR, 6.01% (3 mo. Term SOFR + 1.75%), 01/16/2033 <sup>(a)</sup> | 1000000 | 989711 |
|  Imperial Fund Mortgage Trust, Series 2022-NQM6, Class M1, 7.10%, 10/25/2067 <sup>(a)(d)</sup> | 150000 | 149585 |
|  Jamestown CLO Ltd., Series 2019-14A, Class A1RR, 5.31% (3 mo. Term SOFR + 1.04%), 10/20/2034 <sup>(a)</sup> | 3000000 | 2983203 |
|  JP Morgan Mortgage Trust, Series 2024-HE3, Class A1, 5.50% (30 day avg SOFR US + 1.20%), 02/25/2055 <sup>(a)</sup> | 709159 | 707718 |
|  Laurel Road Prime Student Loan Trust, Series 2019-A, Class A2FX, 2.73%, 10/25/2048 <sup>(a)</sup> | 2643 | 2633 |
|  Lendmark Funding Trust, Series 2024-1A, Class A, 5.53%, 06/21/2032 <sup>(a)</sup> | 2000000 | 2032953 |
|  LIAS Administration Fee Issuer, Series 2018-1A, Class A, 5.96%, 07/25/2048 <sup>(a)</sup> | 893968 | 852948 |
| Loanpal Solar Loan Ltd. | Loanpal Solar Loan Ltd. | Loanpal Solar Loan Ltd. |
| &nbsp;&nbsp; Series 2021-1GS, Class A, 2.29%, 01/20/2048 <sup>(a)</sup> | 533503 | 444638 |
| &nbsp;&nbsp; Series 2021-2GS, Class A, 2.22%, 03/20/2048 <sup>(a)</sup> | 304237 | 246218 |
| Madison Park Funding Ltd. | Madison Park Funding Ltd. | Madison Park Funding Ltd. |
| &nbsp;&nbsp; Series 2018-29A, Class A1R2, 5.50% (3 mo. Term SOFR + 1.18%), 03/25/2038 <sup>(a)</sup> | 3830000 | 3825611 |
| &nbsp;&nbsp; Series 2019-37A, Class AR2, 5.79% (3 mo. Term SOFR + 1.53%), 04/15/2037 <sup>(a)</sup> | 3000000 | 3015114 |
|  Marble Point CLO, Series 2020-2A, Class A1R2, 5.49% (3 mo. Term SOFR + 1.21%), 03/15/2038 <sup>(a)</sup> | 2500000 | 2490447 |
| Mariner Finance Issuance Trust | Mariner Finance Issuance Trust | Mariner Finance Issuance Trust |
| &nbsp;&nbsp; Series 2021-AA, Class A, 1.86%, 03/20/2036 <sup>(a)</sup> | 1710000 | 1655978 |
| &nbsp;&nbsp; Series 2024-AA, Class A, 5.13%, 09/22/2036 <sup>(a)</sup> | 320000 | 324086 |
| &nbsp;&nbsp; Series 2025-AA, Class A, 4.98%, 05/20/2038 <sup>(a)</sup> | 630000 | 638548 |
|  MCA Fund Holding LLC, Series 2020-1, Class A, 3.25%, 11/15/2035 <sup>(a)</sup> | 115277 | 114192 |
| MFRA Trust | MFRA Trust | MFRA Trust |
| &nbsp;&nbsp; Series 2020-NQM1, Class B1, 4.98%, 08/25/2049 <sup>(a)(d)</sup> | 2500000 | 2451336 |
| &nbsp;&nbsp; Series 2021-RPL1, Class A1, 1.13%, 07/25/2060 <sup>(a)(d)</sup> | 358787 | 326220 |
| MMAF Equipment Finance LLC | MMAF Equipment Finance LLC | MMAF Equipment Finance LLC |
| &nbsp;&nbsp; Series 2019-A, Class A5, 3.08%, 11/12/2041 <sup>(a)</sup> | 21861 | 21847 |
| &nbsp;&nbsp; Series 2019-B, Class A5, 2.29%, 11/12/2041 <sup>(a)</sup> | 300000 | 295289 |
| &nbsp;&nbsp; Series 2025-A, Class A3, 4.82%, 08/13/2032 <sup>(a)</sup> | 2000000 | 2031682 |
|  Monroe Capital ABS Funding Ltd., Series 2021-1A, Class A2, 2.82%, 04/22/2031 <sup>(a)</sup> | 1193372 | 1180141 |
| Mosaic Solar Loans LLC | Mosaic Solar Loans LLC | Mosaic Solar Loans LLC |
| &nbsp;&nbsp; Series 2020-1A, Class A, 2.10%, 04/20/2046 <sup>(a)</sup> | 347106 | 308213 |
| &nbsp;&nbsp; Series 2020-2A, Class A, 1.44%, 08/20/2046 <sup>(a)</sup> | 394385 | 334485 |
| &nbsp;&nbsp; Series 2021-1A, Class B, 2.05%, 12/20/2046 <sup>(a)</sup> | 463998 | 369097 |
| &nbsp;&nbsp; Series 2021-3A, Class A, 1.44%, 06/20/2052 <sup>(a)</sup> | 999670 | 813737 |
| &nbsp;&nbsp; Series 2021-3A, Class C, 1.77%, 06/20/2052 <sup>(a)</sup> | 338692 | 232101 |
| &nbsp;&nbsp; Series 2022-3A, Class A, 6.10%, 06/20/2053 <sup>(a)</sup> | 731420 | 733253 |
| &nbsp;&nbsp; Series 2025-1A, Class A, 6.12%, 08/22/2050 <sup>(a)</sup> | 607636 | 601951 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** |  |  |
|  Mountain View Funding CLO, Series 2015-9A, Class A1R, 5.64% (3 mo. Term SOFR + 1.38%), 07/15/2031 <sup>(a)</sup> | $213325 | $213402 |
|  Nassau CFO LLC, Series 2019-1, Class A, 3.98%, 08/15/2034 <sup>(a)</sup> | 419605 | 395875 |
|  Nassau Global Credit Ltd., Series 2024-1A, Class A1, 5.87% (3 mo. Term SOFR + 1.60%), 07/20/2037 <sup>(a)</sup> | 3000000 | 3009411 |
| Navient Student Loan Trust | Navient Student Loan Trust | Navient Student Loan Trust |
| &nbsp;&nbsp; Series 2019-CA, Class A2, 3.13%, 02/15/2068 <sup>(a)</sup> | 44054 | 43192 |
| &nbsp;&nbsp; Series 2019-FA, Class A2, 2.60%, 08/15/2068 <sup>(a)</sup> | 2218477 | 2135549 |
| &nbsp;&nbsp; Series 2020-BA, Class A2, 2.12%, 01/15/2069 <sup>(a)</sup> | 85858 | 81642 |
| &nbsp;&nbsp; Series 2020-DA, Class A, 1.69%, 05/15/2069 <sup>(a)</sup> | 66171 | 62676 |
| &nbsp;&nbsp; Series 2021-A, Class A, 0.84%, 05/15/2069 <sup>(a)</sup> | 2095734 | 1910031 |
| &nbsp;&nbsp; Series 2021-EA, Class A, 0.97%, 12/16/2069 <sup>(a)</sup> | 2059336 | 1842511 |
|  North Mill Equipment Finance LLC, Series 2022-B, Class B, 7.12%, 06/15/2029 <sup>(a)</sup> | 1340000 | 1359076 |
|  Ocean Trails CLO, Series 2014-5A, Class ARR, 5.78% (3 mo. Term SOFR + 1.54%), 10/13/2031 <sup>(a)</sup> | 533798 | 534107 |
| On Deck Capital, Inc. | On Deck Capital, Inc. | On Deck Capital, Inc. |
| &nbsp;&nbsp; Series 2024-2A, Class A, 4.98%, 10/17/2031 <sup>(a)</sup> | 1090000 | 1083667 |
| &nbsp;&nbsp; Series 2025-1A, Class C, 6.64%, 04/19/2032 <sup>(a)</sup> | 980000 | 975472 |
| OneMain Direct Auto Receivables Trust | OneMain Direct Auto Receivables Trust | OneMain Direct Auto Receivables Trust |
| &nbsp;&nbsp; Series 2019-1A, Class A, 3.63%, 09/14/2027 <sup>(a)</sup> | 147532 | 147035 |
| &nbsp;&nbsp; Series 2021-1A, Class B, 1.26%, 07/14/2028 <sup>(a)</sup> | 600000 | 590111 |
| &nbsp;&nbsp; Series 2021-1A, Class C, 1.42%, 07/14/2028 <sup>(a)</sup> | 500000 | 491570 |
| &nbsp;&nbsp; Series 2025-1A, Class A, 5.36%, 04/16/2035 <sup>(a)</sup> | 1800000 | 1855722 |
| OneMain Financial Issuance Trust | OneMain Financial Issuance Trust | OneMain Financial Issuance Trust |
| &nbsp;&nbsp; Series 2020-2A, Class A, 1.75%, 09/14/2035 <sup>(a)</sup> | 600000 | 584974 |
| &nbsp;&nbsp; Series 2021-1A, Class A2, 5.06% (30 day avg SOFR US + 0.76%), 06/16/2036 <sup>(a)</sup> | 600000 | 599646 |
| &nbsp;&nbsp; Series 2023-2A, Class A1, 5.84%, 09/15/2036 <sup>(a)</sup> | 1200000 | 1227182 |
| &nbsp;&nbsp; Series 2023-2A, Class B, 6.17%, 09/15/2036 <sup>(a)</sup> | 1070000 | 1104563 |
| &nbsp;&nbsp; Series 2025-1A, Class A, 4.82%, 07/14/2038 <sup>(a)</sup> | 2100000 | 2113207 |
| Oportun Financial Corp. | Oportun Financial Corp. | Oportun Financial Corp. |
| &nbsp;&nbsp; Series 2021-B, Class C, 3.65%, 05/08/2031 <sup>(a)</sup> | 469961 | 463564 |
| &nbsp;&nbsp; Series 2025-B, Class D, 6.45%, 05/09/2033 <sup>(a)</sup> | 2100000 | 2113266 |
|  Oxford Finance Funding Trust, Series 2023-1A, Class A2, 6.72%, 02/15/2031 <sup>(a)</sup> | 2419326 | 2427371 |
|  OZLM Funding Ltd., Series 2012-2A, Class A2RA, 6.08% (3 mo. Term SOFR + 1.80%), 07/30/2031 <sup>(a)</sup> | 840000 | 840210 |
|  OZLM Ltd., Series 2014-6A, Class B1T, 6.28% (3 mo. Term SOFR + 2.00%), 04/17/2031 <sup>(a)</sup> | 1750000 | 1752025 |
|  Pennsylvania Higher Education Assistance Agency, Series 2021-1A, Class A, 4.97% (30 day avg SOFR US + 0.64%), 05/25/2070 <sup>(a)</sup> | 203909 | 200185 |
|  PHH Arval, Series 2024-1A, Class A1, 5.52%, 05/15/2036 <sup>(a)</sup> | 330239 | 333538 |
|  QTS Issuer ABS I LLC, Series 2025-1A, Class A2, 5.44%, 05/25/2055 <sup>(a)</sup> | 1760000 | 1783541 |
|  Rad CLO, Series 2024-23A, Class A1, 5.87% (3 mo. Term SOFR + 1.60%), 04/20/2037 <sup>(a)</sup> | 2500000 | 2507740 |
| RCKT Mortgage Trust | RCKT Mortgage Trust | RCKT Mortgage Trust |
| &nbsp;&nbsp; Series 2024-CES3, Class A1A, 6.59%, 05/25/2044 <sup>(a)(d)</sup> | 824890 | 835554 |
| &nbsp;&nbsp; Series 2025-CES1, Class A1A, 5.65%, 01/25/2045 <sup>(a)(c)</sup> | 559184 | 574082 |
| &nbsp;&nbsp; Series 2025-CES6, Class A1A, 5.47%, 06/25/2055 <sup>(a)(c)</sup> | 1200000 | 1206787 |
|  RCKT Mortgage Trust 2024-CES4, Series 2024-CES5, Class A1A, 5.85%, 08/25/2044 <sup>(a)(c)</sup> | 203412 | 204403 |
|  ReadyCap Commercial LLC, Series 2019-2, Class A, 7.00% (Prime Rate + (0.50%)), 12/27/2044 <sup>(a)</sup> | 46350 | 46318 |
| Regatta Funding Ltd. | Regatta Funding Ltd. | Regatta Funding Ltd. |
| &nbsp;&nbsp; Series 2016-1A, Class A1R2, 5.73% (3 mo. Term SOFR + 1.41%), 06/20/2034 <sup>(a)</sup> | 1500000 | 1502868 |
| &nbsp;&nbsp; Series 2024-2A, Class A1, 5.83% (3 mo. Term SOFR + 1.55%), 04/25/2037 <sup>(a)</sup> | 3000000 | 3009981 |
|  Regional Management Issuance Trust, Series 2021-1, Class A, 1.68%, 03/17/2031 <sup>(a)</sup> | 80418 | 80249 |
|  Renew, Series 2018-1, Class A, 3.95%, 09/20/2053 <sup>(a)</sup> | 128976 | 120517 |
|  Renew Financial, Series 2021-1, Class A, 2.06%, 11/20/2056 <sup>(a)</sup> | 536969 | 430138 |
|  Republic Finance Issuance Trust, Series 2024-B, Class B, 5.86%, 11/20/2037 <sup>(a)</sup> | 1380000 | 1402550 |
|  ROMARK CLO LLC, Series 2018-1A, Class A1, 5.56% (3 mo. Term SOFR + 1.29%), 04/20/2031 <sup>(a)</sup> | 791726 | 791921 |
|  Sabey Data Center Issuer LLC, Series 2022-1, Class A2, 5.00%, 06/20/2047 <sup>(a)</sup> | 600000 | 593224 |
| Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. |
| &nbsp;&nbsp; Series 2023-4, Class C, 6.04%, 12/15/2031 | 600000 | 615368 |
| &nbsp;&nbsp; Series 2023-5, Class C, 6.43%, 02/18/2031 | 900000 | 933459 |
| &nbsp;&nbsp; Series 2023-6, Class B, 5.98%, 04/16/2029 | 300000 | 306578 |
| &nbsp;&nbsp; Series 2023-6, Class C, 6.40%, 03/17/2031 | 100000 | 103003 |
| &nbsp;&nbsp; Series 2024-2, Class C, 5.84%, 06/17/2030 | 500000 | 513848 |
| &nbsp;&nbsp; Series 2024-3, Class C, 5.64%, 08/15/2030 | 1500000 | 1530762 |
| &nbsp;&nbsp; Series 2024-4, Class C, 4.95%, 04/15/2030 | 800000 | 804616 |
|  Santander Consumer USA, Inc., Series 2023-1, Class C, 5.09%, 05/15/2030 | 200000 | 201122 |
|  Santander Drive Auto Receivables LLC, Series 2021-2, Class D, 1.35%, 07/15/2027 | 59527 | 59443 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** |  |  |
| SBA Depositor LLC | SBA Depositor LLC | SBA Depositor LLC |
| &nbsp;&nbsp; 1.63%, 11/15/2026 <sup>(a)</sup> | $1250000 | $1199303 |
| &nbsp;&nbsp; Series 2022-1, 6.60%, 01/15/2028 <sup>(a)</sup> | 1000000 | 1027669 |
|  SCF Equipment Trust LLC, Series 2025-1A, Class A3, 5.11%, 11/21/2033 <sup>(a)</sup> | 1560000 | 1597158 |
|  Sculptor Alternative Solutions LLC, Series B, 6.00%, 05/15/2029 <sup>(a)</sup> | 1720000 | 1540088 |
| SFS Auto Receivables Securitization Trust | SFS Auto Receivables Securitization Trust | SFS Auto Receivables Securitization Trust |
| &nbsp;&nbsp; Series 2023-1A, Class B, 5.71%, 01/22/2030 <sup>(a)</sup> | 100000 | 102331 |
| &nbsp;&nbsp; Series 2023-1A, Class C, 5.97%, 02/20/2031 <sup>(a)</sup> | 100000 | 102755 |
|  SMB Private Education Loan Trust, Series 2017-A, Class B, 3.50%, 06/17/2041 <sup>(a)</sup> | 2000000 | 1969411 |
| SoFi Professional Loan Program LLC | SoFi Professional Loan Program LLC | SoFi Professional Loan Program LLC |
| &nbsp;&nbsp; Series 2019-A, Class A2FX, 3.69%, 06/15/2048 <sup>(a)</sup> | 27294 | 26989 |
| &nbsp;&nbsp; Series 2019-C, Class A2FX, 2.37%, 11/16/2048 <sup>(a)</sup> | 73254 | 70338 |
| &nbsp;&nbsp; Series 2020-A, Class A2FX, 2.54%, 05/15/2046 <sup>(a)</sup> | 134155 | 129048 |
| &nbsp;&nbsp; Series 2020-C, Class AFX, 1.95%, 02/15/2046 <sup>(a)</sup> | 75929 | 71059 |
|  Stack Infrastructure Issuer LLC, Series 2023-3A, Class A2, 5.90%, 10/25/2048 <sup>(a)</sup> | 1270000 | 1280085 |
|  Structured Asset Investment Loan Trust, Series 2004-8, Class M1, 5.33% (1 mo. Term SOFR + 1.01%), 09/25/2034 | 7417 | 7109 |
| Summit Issuer LLC | Summit Issuer LLC | Summit Issuer LLC |
| &nbsp;&nbsp; Series 2020-1A, Class A2, 2.29%, 12/20/2050 <sup>(a)</sup> | 1620000 | 1597129 |
| &nbsp;&nbsp; Series 2023-1A, Class A2, 5.60%, 02/20/2053 <sup>(a)</sup> | 1000000 | 1004211 |
| Sunnova Energy International, Inc. | Sunnova Energy International, Inc. | Sunnova Energy International, Inc. |
| &nbsp;&nbsp; Series 2023-B, Class A, 5.30%, 08/22/2050 <sup>(a)</sup> | 867804 | 800331 |
| &nbsp;&nbsp; Series 2023-GRID1, Class 1A, 5.75%, 12/20/2050 <sup>(a)</sup> | 845705 | 851866 |
| Sunrun, Inc. | Sunrun, Inc. | Sunrun, Inc. |
| &nbsp;&nbsp; Series 2018-1, Class A, 5.31%, 04/30/2049 <sup>(a)</sup> | 199100 | 189073 |
| &nbsp;&nbsp; Series 2019-1A, Class A, 3.98%, 06/30/2054 <sup>(a)</sup> | 274808 | 254637 |
| &nbsp;&nbsp; Series 2021-2A, Class A, 2.27%, 01/30/2057 <sup>(a)</sup> | 1046439 | 925973 |
| &nbsp;&nbsp; Series 2022-1A, Class A, 4.75%, 07/30/2057 <sup>(a)</sup> | 899499 | 851477 |
| &nbsp;&nbsp; Series 2023-2A, Class A1, 6.60%, 01/30/2059 <sup>(a)</sup> | 1228679 | 1229595 |
| &nbsp;&nbsp; Series 2024-1A, Class A, 6.27%, 02/01/2055 <sup>(a)</sup> | 482387 | 468990 |
|  Switch ABS Issuer LLC, Series 2025-1A, Class A2, 5.04%, 03/25/2055 <sup>(a)</sup> | 1000000 | 986234 |
|  Symphony CLO Ltd., Series 2012-9A, Class CR3, 7.02% (3 mo. Term SOFR + 2.76%), 07/16/2032 <sup>(a)</sup> | 1840000 | 1842591 |
|  TCW CLO Ltd., Series 2019-2A, Class A1R2, 5.59% (3 mo. Term SOFR + 1.27%), 01/20/2038 <sup>(a)</sup> | 3250000 | 3250829 |
| Tesla Auto Lease Trust | Tesla Auto Lease Trust | Tesla Auto Lease Trust |
| &nbsp;&nbsp; Series 2023-A, Class A3, 5.89%, 06/22/2026 <sup>(a)</sup> | 86951 | 87035 |
| &nbsp;&nbsp; Series 2023-A, Class A4, 5.94%, 07/20/2027 <sup>(a)</sup> | 1000000 | 1002152 |
| &nbsp;&nbsp; Series 2023-B, Class A3, 6.13%, 09/21/2026 <sup>(a)</sup> | 594728 | 596622 |
| &nbsp;&nbsp; Series 2023-B, Class B, 6.57%, 08/20/2027 <sup>(a)</sup> | 1090000 | 1099418 |
| &nbsp;&nbsp; Series 2024-A, Class A3, 5.30%, 06/21/2027 <sup>(a)</sup> | 1170000 | 1173481 |
|  Tesla Electric Vehicle Trust, Series 2023-1, Class A3, 5.38%, 06/20/2028 <sup>(a)</sup> | 1200000 | 1210057 |
|  Texas Debt Capital CLO Ltd., Series 2025-1A, Class A1, 5.40% (3 mo. Term SOFR + 1.14%), 04/24/2038 <sup>(a)</sup> | 2500000 | 2491122 |
|  Tikehau US CLO Ltd., Series 2023-1A, Class A1, 6.46% (3 mo. Term SOFR + 2.20%), 07/15/2034 <sup>(a)</sup> | 1500000 | 1502805 |
| Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust |
| &nbsp;&nbsp; Series 2018-5, Class M1, 3.25%, 07/25/2058 <sup>(a)(d)</sup> | 2385000 | 2019803 |
| &nbsp;&nbsp; Series 2020-4, Class A1, 1.75%, 10/25/2060 <sup>(a)</sup> | 102537 | 92874 |
| &nbsp;&nbsp; Series 2021-SJ1, Class A1, 2.25%, 07/25/2068 <sup>(a)(d)</sup> | 213247 | 204839 |
| &nbsp;&nbsp; Series 2021-SJ2, Class A1A, 2.25%, 12/25/2061 <sup>(a)(d)</sup> | 311548 | 301379 |
| &nbsp;&nbsp; Series 2024-CES3, Class A1, 6.29%, 05/25/2064 <sup>(a)(d)</sup> | 454436 | 463529 |
|  Toyota Auto Loan Extended Note Trust, Series 2025-1A, Class A, 4.65%, 05/25/2038 <sup>(a)</sup> | 1200000 | 1220820 |
|  Trinitas CLO Ltd., Series 2018-9A, Class BRRR, 5.97% (3 mo. Term SOFR + 1.70%), 01/20/2032 <sup>(a)</sup> | 2000000 | 2001640 |
|  Uniti Group, Inc., Series 2025-1A, Class A2, 5.88%, 04/20/2055 <sup>(a)</sup> | 1460000 | 1481687 |
|  VCP RRL ABS, Series 2021-1A, Class A, 2.15%, 10/20/2031 <sup>(a)</sup> | 320464 | 308441 |
|  Verus Securitization Trust, Series 2021-7, Class A3, 2.24%, 10/25/2066 <sup>(a)(d)</sup> | 95634 | 83103 |
| Vivant Solar Financing V Parent LLC | Vivant Solar Financing V Parent LLC | Vivant Solar Financing V Parent LLC |
| &nbsp;&nbsp; Series 2018-1A, Class A, 4.73%, 04/30/2048 <sup>(a)</sup> | 205839 | 194871 |
| &nbsp;&nbsp; Series 2018-1A, Class B, 7.37%, 04/30/2048 <sup>(a)</sup> | 314669 | 300085 |
|  Voya CLO Ltd., Series 2019-3A, Class AR, 5.62% (3 mo. Term SOFR + 1.34%), 10/17/2032 <sup>(a)</sup> | 2445117 | 2450423 |
|  Wendy's SPV Guarantor LLC, Series 2019-1A, Class A2I, 3.78%, 06/15/2049 <sup>(a)</sup> | 442443 | 436452 |
|  Wheels Fleet Lease Funding 1 LLC, Series 2023-1A, Class A, 5.80%, 04/18/2038 <sup>(a)</sup> | 550225 | 553824 |
|  World Omni Select Auto Trust, Series 2021-A, Class C, 1.09%, 11/15/2027 | 72292 | 71735 |
| Zayo Group LLC | Zayo Group LLC | Zayo Group LLC |
| &nbsp;&nbsp; Series 2025-1A, Class A2, 5.65%, 03/20/2055 <sup>(a)</sup> | 1190000 | 1214224 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** |  |  |
| Zayo Group LLC (continued) | Zayo Group LLC (continued) | Zayo Group LLC (continued) |
| &nbsp;&nbsp; Series 2025-2A, Class B, 6.59%, 06/20/2055 <sup>(a)</sup> | $930000 | $963596 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $230,456,219) | **TOTAL ASSET-BACKED SECURITIES** (Cost $230,456,219) | **230223613** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES - 9.7%** |  |  |
|  Alen Mortgage Trust, Series 2021-ACEN, Class C, 6.68% (1 mo. Term SOFR + 2.36%), 04/15/2034 <sup>(a)</sup> | 500000 | 453750 |
|  American Tower Depositor Sub LLC, 5.49%, 03/15/2028 <sup>(a)</sup> | 1400000 | 1423612 |
|  ATLXM Trust, Series 2024-RPL2, Class A1, 3.85%, 04/25/2063 <sup>(a)(c)</sup> | 1133673 | 1097137 |
|  BAHA Trust, Series 2024-MAR, Class A, 6.17%, 12/10/2041 <sup>(a)(d)</sup> | 1320000 | 1366513 |
|  BANK-2018, Series 2018-BN15, Class A3, 4.14%, 11/15/2061 | 549113 | 544015 |
| BANK-2020 | BANK-2020 | BANK-2020 |
| &nbsp;&nbsp; Series 2020-BN28, Class A3, 1.58%, 03/15/2063 | 1167514 | 1015892 |
| &nbsp;&nbsp; Series 2020-BN29, Class A3, 1.74%, 11/15/2053 | 497943 | 431885 |
|  BANK5 Trust, Series 2023-5YR2, Class A3, 6.66%, 07/15/2056 <sup>(d)</sup> | 3000000 | 3164355 |
| BBCMS Trust | BBCMS Trust | BBCMS Trust |
| &nbsp;&nbsp; Series 2023-5C23, Class A3, 6.68%, 12/15/2056 <sup>(d)</sup> | 1900000 | 2014825 |
| &nbsp;&nbsp; Series 2023-C21, Class A2, 6.51%, 09/15/2056 <sup>(d)</sup> | 760009 | 799526 |
| &nbsp;&nbsp; Series 2024-5C27, Class A3, 6.01%, 07/15/2057 | 900000 | 942243 |
| Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust |
| &nbsp;&nbsp; Series 2018-B4, Class A3, 3.89%, 07/15/2051 | 500000 | 495761 |
| &nbsp;&nbsp; Series 2019-B10, Class 3CCA, 4.03%, 03/15/2062 <sup>(a)(d)</sup> | 250000 | 185401 |
| &nbsp;&nbsp; Series 2019-B10, Class A3, 3.46%, 03/15/2062 | 838753 | 808247 |
| &nbsp;&nbsp; Series 2020-B19, Class A4, 1.55%, 09/15/2053 | 1325000 | 1172841 |
| &nbsp;&nbsp; Series 2020-B20, Class A4, 1.75%, 10/15/2053 | 1300000 | 1150450 |
| &nbsp;&nbsp; Series 2020-B21, Class A4, 1.70%, 12/17/2053 | 800000 | 695674 |
| &nbsp;&nbsp; Series 2020-IG3, Class A2, 2.48%, 09/15/2048 <sup>(a)</sup> | 517255 | 507503 |
| &nbsp;&nbsp; Series 2021-B24, Class A3, 2.01%, 03/15/2054 | 550000 | 504750 |
| &nbsp;&nbsp; Series 2021-B24, Class A4, 2.26%, 03/15/2054 | 600000 | 530503 |
| &nbsp;&nbsp; Series 2021-B25, Class A3, 1.91%, 04/15/2054 | 1200000 | 1084379 |
| &nbsp;&nbsp; Series 2021-B30, Class A4, 2.33%, 11/15/2054 | 3000000 | 2605821 |
| &nbsp;&nbsp; Series 2021-B31, Class A4, 2.42%, 12/15/2054 | 1200000 | 1043190 |
| &nbsp;&nbsp; Series 2023-V4, Class A3, 6.84%, 11/15/2056 <sup>(d)</sup> | 1700000 | 1808453 |
|  BFLD Trust, Series 2024-WRHS, Class A, 5.80% (1 mo. Term SOFR + 1.49%), 08/15/2026 <sup>(a)</sup> | 926997 | 926997 |
| BMO Mortgage Trust | BMO Mortgage Trust | BMO Mortgage Trust |
| &nbsp;&nbsp; Series 2022-C1, Class 360B, 4.07%, 02/17/2055 <sup>(a)(d)</sup> | 1000000 | 846598 |
| &nbsp;&nbsp; Series 2022-C3, Class A5, 5.31%, 09/15/2054 | 1000000 | 1022221 |
| &nbsp;&nbsp; Series 2023-5C1, Class A3, 6.53%, 08/15/2056 <sup>(d)</sup> | 1650000 | 1733601 |
| &nbsp;&nbsp; Series 2023-5C2, Class A3, 7.30%, 11/15/2056 <sup>(d)</sup> | 2100000 | 2251520 |
| &nbsp;&nbsp; Series 2024-5C7, Class A3, 5.57%, 11/15/2057 <sup>(d)</sup> | 2100000 | 2166305 |
|  BRAVO Residential Funding Trust, Series 2024-CES1, Class A1A, 6.38%, 04/25/2054 <sup>(a)(c)</sup> | 754242 | 761796 |
|  BX Trust, Series 2022-AHP, Class C, 6.40% (1 mo. Term SOFR + 2.09%), 01/17/2039 <sup>(a)</sup> | 1000000 | 996250 |
| Cantor Commercial Real Estate Lending LP | Cantor Commercial Real Estate Lending LP | Cantor Commercial Real Estate Lending LP |
| &nbsp;&nbsp; Series 2019-CF3, Class A3, 2.75%, 01/15/2053 | 800000 | 742234 |
| &nbsp;&nbsp; Series 2020-P1, Class A1, 2.84%, 04/15/2052 <sup>(a)(d)</sup> | 815215 | 790024 |
|  Capital Automotive REIT, Series 2022-1A, Class A1, 3.35%, 03/15/2052 <sup>(a)</sup> | 1059950 | 1003200 |
| Century Plaza Towers | Century Plaza Towers | Century Plaza Towers |
| &nbsp;&nbsp; Series 2019-CPT, Class A, 2.87%, 11/13/2039 <sup>(a)</sup> | 485000 | 442125 |
| &nbsp;&nbsp; Series 2019-CPT, Class E, 3.10%, 11/13/2039 <sup>(a)(d)</sup> | 350000 | 284485 |
| CF Hippolyta Issuer LLC | CF Hippolyta Issuer LLC | CF Hippolyta Issuer LLC |
| &nbsp;&nbsp; Series 2020-1, Class B1, 2.28%, 07/15/2060 <sup>(a)</sup> | 350786 | 347085 |
| &nbsp;&nbsp; Series 2022-1A, Class A1, 5.97%, 08/15/2062 <sup>(a)</sup> | 488565 | 489805 |
|  Chase Mortgage Finance Corp., Series 2016-SH2, Class M2, 3.75%, 12/25/2045 <sup>(a)(d)</sup> | 2022070 | 1875503 |
|  CHI Commercial Mortgage Trust, Series 2025-SFT, Class A, 5.66%, 04/15/2042 <sup>(a)(d)</sup> | 2000000 | 2037074 |
| Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2016-GC37, Class A4, 3.31%, 04/10/2049 | 3000000 | 2970782 |
| &nbsp;&nbsp; Series 2016-P3, Class A3, 3.06%, 04/15/2049 | 1608481 | 1591581 |
| &nbsp;&nbsp; Series 2016-P4, Class A3, 2.65%, 07/10/2049 | 114286 | 112351 |
| &nbsp;&nbsp; Series 2018-C6, Class A3, 4.15%, 11/10/2051 | 837000 | 823338 |
| &nbsp;&nbsp; Series 2019-C7, Class A3, 2.86%, 12/15/2072 | 319729 | 298476 |
| Citigroup/Deutsche Bank Commercial Mortgage Trust | Citigroup/Deutsche Bank Commercial Mortgage Trust | Citigroup/Deutsche Bank Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2016-CD2, Class B, 3.88%, 11/10/2049 <sup>(d)</sup> | 500000 | 434475 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES (continued)** |  |  |
| &nbsp;&nbsp; Series 2019-CD8, Class A3, 2.66%, 08/15/2057 | $858920 | $796073 |
|  CMFT Net Lease Master Issuer LLC, Series 2021-1, Class A2, 2.57%, 07/20/2051 <sup>(a)</sup> | 2394262 | 2043413 |
| Commercial Mortgage Pass Through Certificates | Commercial Mortgage Pass Through Certificates | Commercial Mortgage Pass Through Certificates |
| &nbsp;&nbsp; Series 2013-LC13, Class D, 5.55%, 08/10/2046 <sup>(a)(d)</sup> | 490532 | 447709 |
| &nbsp;&nbsp; Series 2022-HC, Class B, 3.17%, 01/10/2039 <sup>(a)</sup> | 1000000 | 943475 |
| Computershare Corporate Trust | Computershare Corporate Trust | Computershare Corporate Trust |
| &nbsp;&nbsp; Series 2024-MGP, Class A12, 6.00% (1 mo. Term SOFR + 1.69%), 08/15/2041 <sup>(a)</sup> | 1640000 | 1631800 |
| &nbsp;&nbsp; Series 2024-SVEN, Class A, 6.01%, 06/10/2037 <sup>(a)</sup> | 1000000 | 1028701 |
|  CRSO TR 2023-BRND A 20400712 FLT, Series 2023-BRND, 7.12%, 07/12/2040 <sup>(a)</sup> | 1000000 | 1049141 |
| CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2018-C14, Class A3, 4.15%, 11/15/2051 | 665234 | 657303 |
| &nbsp;&nbsp; Series 2021-C20, Class A2, 2.49%, 03/15/2054 | 1164515 | 1058047 |
|  DC Commercial Mortgage Trust, Series 2023-DC, Class B, 6.80%, 09/12/2040 <sup>(a)</sup> | 890000 | 933397 |
|  Ellington Financial Mortgage Trust, Series 2023-1, Class M1, 6.75%, 02/25/2068 <sup>(a)(d)</sup> | 150000 | 149800 |
| Fannie Mae Connecticut Avenue Securities | Fannie Mae Connecticut Avenue Securities | Fannie Mae Connecticut Avenue Securities |
| &nbsp;&nbsp; Series 2022-R01, Class 1M2, 6.21% (30 day avg SOFR US + 1.90%), 12/25/2041 <sup>(a)</sup> | 300000 | 302425 |
| &nbsp;&nbsp; Series 2022-R04, Class 1M2, 7.41% (30 day avg SOFR US + 3.10%), 03/25/2042 <sup>(a)</sup> | 315000 | 324470 |
| &nbsp;&nbsp; Series 2022-R05, Class 2M2, 7.31% (30 day avg SOFR US + 3.00%), 04/25/2042 <sup>(a)</sup> | 120000 | 123213 |
| &nbsp;&nbsp; Series 2022-R06, Class 1M2, 8.16% (30 day avg SOFR US + 3.85%), 05/25/2042 <sup>(a)</sup> | 625000 | 653504 |
| &nbsp;&nbsp; Series 2022-R07, Class 1M2, 8.96% (30 day avg SOFR US + 4.65%), 06/25/2042 <sup>(a)</sup> | 505000 | 538366 |
| &nbsp;&nbsp; Series 2022-R08, Class 1M2, 7.91% (30 day avg SOFR US + 3.60%), 07/25/2042 <sup>(a)</sup> | 160000 | 166901 |
| &nbsp;&nbsp; Series 2022-R09, Class 2M2, 9.06% (30 day avg SOFR US + 4.75%), 09/25/2042 <sup>(a)</sup> | 245000 | 262483 |
| &nbsp;&nbsp; Series 2023-R01, Class 1M2, 8.06% (30 day avg SOFR US + 3.75%), 12/25/2042 <sup>(a)</sup> | 1260000 | 1328812 |
| &nbsp;&nbsp; Series 2023-R02, Class 1M2, 7.66% (30 day avg SOFR US + 3.35%), 01/25/2043 <sup>(a)</sup> | 100000 | 104262 |
| &nbsp;&nbsp; Series 2023-R05, Class 1M2, 7.41% (30 day avg SOFR US + 3.10%), 06/25/2043 <sup>(a)</sup> | 1150000 | 1199838 |
| &nbsp;&nbsp; Series 2023-R06, Class 1M2, 7.01% (30 day avg SOFR US + 2.70%), 07/25/2043 <sup>(a)</sup> | 715000 | 738016 |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Series 2021-P011, Class A1, 1.20%, 09/25/2031 | 488534 | 449882 |
| &nbsp;&nbsp; Series 2022-HQA2, Class M1B, 8.31% (30 day avg SOFR US + 4.00%), 07/25/2042 <sup>(a)</sup> | 45000 | 47489 |
| &nbsp;&nbsp; Series 2022-P013, Class A2, 2.85%, 02/25/2032 <sup>(d)</sup> | 1000000 | 895582 |
| &nbsp;&nbsp; Series 2024-P016, Class A2, 4.76%, 09/25/2033 <sup>(d)</sup> | 1000000 | 1005608 |
| &nbsp;&nbsp; Series 405, Class C20, 4.00%, 05/25/2053 <sup>(f)</sup> | 1273403 | 279819 |
| &nbsp;&nbsp; Series 406, Class PO, 0.00%, 10/25/2053 <sup>(h)</sup> | 344560 | 282004 |
| &nbsp;&nbsp; Series 4748, Class Z, 4.00%, 11/15/2047 | 107697 | 102595 |
| &nbsp;&nbsp; Series 4776, Class WZ, 4.00%, 03/15/2048 <sup>(i)</sup> | 333946 | 316780 |
| &nbsp;&nbsp; Series 4783, Class Z, 4.00%, 04/15/2048 | 283224 | 267350 |
| &nbsp;&nbsp; Series 4835, Class AS, 2.77% (-2 x 30 day avg SOFR US + 9.66%), 10/15/2048 <sup>(j)</sup> | 58664 | 50909 |
| &nbsp;&nbsp; Series 4978, Class MI, 4.00%, 05/25/2040 <sup>(f)</sup> | 495399 | 74010 |
| &nbsp;&nbsp; Series 5017, Class VZ, 2.00%, 09/25/2050 <sup>(i)</sup> | 313900 | 209614 |
| &nbsp;&nbsp; Series 5021, Class SB, 0.00% (-1 x 30 day avg SOFR US + 3.55%), 10/25/2050 <sup>(f)(g)(j)</sup> | 831916 | 25950 |
| &nbsp;&nbsp; Series 5160, Class ZG, 3.00%, 09/25/2050 <sup>(i)</sup> | 73648 | 53721 |
| &nbsp;&nbsp; Series 5251, Class PO, 0.00%, 08/25/2052 <sup>(h)</sup> | 672477 | 464212 |
| &nbsp;&nbsp; Series 5296, Class T, 5.00%, 11/25/2052 | 802150 | 809255 |
| &nbsp;&nbsp; Series 5560, Class FA, 6.00% (30 day avg SOFR US + 1.93%), 06/25/2055 | 1925000 | 1925000 |
| &nbsp;&nbsp; Series K-157, Class A2, 4.20%, 05/25/2033 | 2000000 | 1965719 |
| &nbsp;&nbsp; Series K-170, Class A2, 5.00%, 02/25/2035 <sup>(d)</sup> | 2000000 | 2061836 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; Series 2018-M8, Class A2, 3.41%, 06/25/2028 <sup>(d)</sup> | 448888 | 439778 |
| &nbsp;&nbsp; Series 2019-M21, Class 3A1, 2.10%, 06/25/2034 | 75120 | 73855 |
| &nbsp;&nbsp; Series 2020-101, Class AI, 3.50%, 01/25/2051 <sup>(f)</sup> | 1395993 | 262975 |
| &nbsp;&nbsp; Series 2020-24, Class SP, 1.63% (-1 x 30 day avg SOFR US + 5.94%), 04/25/2050 <sup>(f)(j)</sup> | 216859 | 27594 |
| &nbsp;&nbsp; Series 2020-56, Class LI, 2.00%, 08/25/2050 <sup>(f)</sup> | 304703 | 38687 |
| &nbsp;&nbsp; Series 2020-75, Class LI, 2.50%, 11/25/2050 <sup>(f)</sup> | 468473 | 64770 |
| &nbsp;&nbsp; Series 2021-17, Class EA, 1.50%, 04/25/2051 | 3393370 | 2823197 |
| &nbsp;&nbsp; Series 2021-76, Class IY, 2.50%, 11/25/2051 <sup>(f)</sup> | 206427 | 23695 |
| &nbsp;&nbsp; Series 2022-18, Class DZ, 3.50%, 04/25/2052 <sup>(i)</sup> | 621759 | 475704 |
| &nbsp;&nbsp; Series 2022-40, Class AZ, 2.00%, 08/25/2050 <sup>(i)</sup> | 870662 | 576114 |
| &nbsp;&nbsp; Series 2022-51, Class PS, 1.64% (-1 x 30 day avg SOFR US + 5.95%), 08/25/2052 <sup>(f)(j)</sup> | 536274 | 56488 |
| Flagstar Mortgage Trust | Flagstar Mortgage Trust | Flagstar Mortgage Trust |
| &nbsp;&nbsp; Series 2018-2, Class B4, 4.00%, 04/25/2048 <sup>(a)(d)</sup> | 121311 | 111051 |
| &nbsp;&nbsp; Series 2021-12, Class B3, 2.97%, 11/25/2051 <sup>(a)(d)</sup> | 136951 | 109511 |
| &nbsp;&nbsp; Series 2021-4, Class A21, 2.50%, 06/01/2051 <sup>(a)(d)</sup> | 188004 | 152078 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES (continued)** |  |  |
| Flagstar Mortgage Trust (continued) | Flagstar Mortgage Trust (continued) | Flagstar Mortgage Trust (continued) |
| &nbsp;&nbsp; Series 2021-7, Class B3, 2.92%, 08/25/2051 <sup>(a)(d)</sup> | $135780 | $110340 |
|  Freddie Mac STACR REMIC Trust 2025-DNA2, Series 2025-DNA2, Class A1, 5.41% (30 day avg SOFR US + 1.10%), 05/25/2045 <sup>(a)</sup> | 1443750 | 1446025 |
| Freddie Mac Structured Agency Credit Risk Debt Notes | Freddie Mac Structured Agency Credit Risk Debt Notes | Freddie Mac Structured Agency Credit Risk Debt Notes |
| &nbsp;&nbsp; Series 2021-DNA5, Class M2, 5.96% (30 day avg SOFR US + 1.65%), 01/25/2034 <sup>(a)</sup> | 20220 | 20310 |
| &nbsp;&nbsp; Series 2022-DNA4, Class M1B, 7.66% (30 day avg SOFR US + 3.35%), 05/25/2042 <sup>(a)</sup> | 540000 | 561128 |
| &nbsp;&nbsp; Series 2022-DNA5, Class M1B, 8.81% (30 day avg SOFR US + 4.50%), 06/25/2042 <sup>(a)</sup> | 670000 | 712112 |
| &nbsp;&nbsp; Series 2022-HQA3, Class M1B, 7.86% (30 day avg SOFR US + 3.55%), 08/25/2042 <sup>(a)</sup> | 135000 | 141244 |
| &nbsp;&nbsp; Series 2023-HQA1, Class M1B, 7.81% (30 day avg SOFR US + 3.50%), 05/25/2043 <sup>(a)</sup> | 268000 | 283062 |
| &nbsp;&nbsp; Series 2023-HQA3, Class M2, 7.66% (30 day avg SOFR US + 3.35%), 11/25/2043 <sup>(a)</sup> | 325000 | 342928 |
| FREMF Mortgage Trust | FREMF Mortgage Trust | FREMF Mortgage Trust |
| &nbsp;&nbsp; Series 2018-K84, Class C, 4.31%, 10/25/2028 <sup>(a)(d)</sup> | 3000000 | 2911696 |
| &nbsp;&nbsp; Series 2020-K104, Class B, 3.65%, 02/25/2052 <sup>(a)(d)</sup> | 3000000 | 2825192 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| &nbsp;&nbsp; Series 2010-9, Class UI, 5.00%, 01/20/2040 <sup>(f)</sup> | 548065 | 105188 |
| &nbsp;&nbsp; Series 2013-99, Class AX, 3.00%, 07/20/2043 <sup>(c)</sup> | 121554 | 110240 |
| &nbsp;&nbsp; Series 2015-143, Class WA, 4.00%, 10/20/2045 | 106069 | 103357 |
| &nbsp;&nbsp; Series 2018-121, Class KS, 0.00% (-1 x 1 mo. Term SOFR + 3.75%), 09/20/2048 <sup>(f)(j)</sup> | 224475 | 6275 |
| &nbsp;&nbsp; Series 2018-148, Class DS, 0.00% (-1 x 1 mo. Term SOFR + 3.73%), 10/20/2048 <sup>(f)(j)</sup> | 290515 | 8947 |
| &nbsp;&nbsp; Series 2018-151, Class SL, 0.00% (-1 x 1 mo. Term SOFR + 3.69%), 11/20/2048 <sup>(f)(j)</sup> | 1741270 | 48901 |
| &nbsp;&nbsp; Series 2018-76, Class IO, 4.00%, 06/20/2046 <sup>(f)</sup> | 24273 | 2731 |
| &nbsp;&nbsp; Series 2019-92, Class S, 0.00% (-1 x 1 mo. Term SOFR + 2.70%), 07/20/2049 <sup>(f)(j)</sup> | 1050967 | 15445 |
| &nbsp;&nbsp; Series 2019-99, Class SA, 0.00% (-1 x 1 mo. Term SOFR + 3.24%), 08/20/2049 <sup>(f)(j)</sup> | 458868 | 11391 |
| &nbsp;&nbsp; Series 2021-114, Class TI, 3.00%, 06/20/2051 <sup>(f)</sup> | 740122 | 107380 |
| &nbsp;&nbsp; Series 2021-165, Class ST, 0.00% (-1 x 1 mo. Term SOFR + 3.25%), 01/20/2050 <sup>(f)(j)</sup> | 125666 | 57 |
| &nbsp;&nbsp; Series 2021-209, Class Z, 3.00%, 11/20/2051 <sup>(i)</sup> | 646014 | 461530 |
| &nbsp;&nbsp; Series 2022-124, Class QZ, 4.00%, 07/20/2052 <sup>(i)</sup> | 134823 | 110932 |
| &nbsp;&nbsp; Series 2022-126, Class CS, 0.00% (-1 x 30 day avg SOFR US + 3.76%), 07/20/2052 <sup>(f)(j)</sup> | 1146068 | 23268 |
| &nbsp;&nbsp; Series 2022-133, Class SA, 0.00% (-1 x 30 day avg SOFR US + 3.95%), 07/20/2052 <sup>(f)(j)</sup> | 441638 | 10929 |
| &nbsp;&nbsp; Series 2022-148, Class DS, 0.00% (-1 x 30 day avg SOFR US + 3.60%), 08/20/2052 <sup>(f))(j)</sup> | 460795 | 8682 |
| &nbsp;&nbsp; Series 2022-178, Class SA, 0.60% (-1 x 30 day avg SOFR US + 4.90%), 10/20/2052 <sup>(f)(j)</sup> | 5388329 | 271473 |
| &nbsp;&nbsp; Series 2022-46, Class S, 0.00% (-1 x 30 day avg SOFR US + 3.50%), 03/20/2052 <sup>(f)(j)</sup> | 314197 | 8063 |
| &nbsp;&nbsp; Series 2022-51, Class SC, 0.00% (-1 x 30 day avg SOFR US + 3.50%), 03/20/2052 <sup>(f)(j)</sup> | 935017 | 22900 |
| &nbsp;&nbsp; Series 2022-66, Class SB, 0.00% (-1 x 30 day avg SOFR US + 3.85%), 04/20/2052 <sup>(f)(j)</sup> | 306858 | 8179 |
| &nbsp;&nbsp; Series 2022-68, Class SP, 0.00% (-1 x 30 day avg SOFR US + 3.85%), 04/20/2052 <sup>(f)(j)</sup> | 253827 | 8241 |
| &nbsp;&nbsp; Series 2022-78, Class MS, 0.00% (-1 x 30 day avg SOFR US + 3.60%), 04/20/2052 <sup>(f)(j)</sup> | 822673 | 22044 |
| &nbsp;&nbsp; Series 2022-78, Class SB, 0.00% (-1 x 30 day avg SOFR US + 3.75%), 04/20/2052 <sup>(f)(j)</sup> | 578389 | 14605 |
| &nbsp;&nbsp; Series 2022-93, Class GS, 0.00% (-1 x 30 day avg SOFR US + 3.65%), 05/20/2052 <sup>(f)(j)</sup> | 196246 | 4598 |
| &nbsp;&nbsp; Series 2022-93, Class IO, 3.00%, 08/20/2051 <sup>(f)</sup> | 2687112 | 297933 |
| &nbsp;&nbsp; Series 2023-111, Class ZA, 3.00%, 02/20/2052 <sup>(i)</sup> | 528234 | 358234 |
| &nbsp;&nbsp; Series 2023-169, Class EO, 0.00%, 05/20/2053 <sup>(h)</sup> | 370492 | 290000 |
| &nbsp;&nbsp; Series 2023-186, Class ZJ, 5.00%, 12/20/2053 <sup>(i)</sup> | 355646 | 338983 |
| &nbsp;&nbsp; Series 2023-81, Class IO, 5.00%, 04/20/2052 <sup>(f)</sup> | 434114 | 78746 |
| &nbsp;&nbsp; Series 2024-23, Class ID, 5.00%, 03/20/2040 <sup>(f)</sup> | 370304 | 71007 |
| &nbsp;&nbsp; Series 2024-69, Class AZ, 2.50%, 04/20/2054 <sup>(i)</sup> | 334609 | 238693 |
| GS Mortgage Securities Corp. II | GS Mortgage Securities Corp. II | GS Mortgage Securities Corp. II |
| &nbsp;&nbsp; Series 2015-GC34, Class A3, 3.24%, 10/10/2048 | 268079 | 267446 |
| &nbsp;&nbsp; Series 2018-GS10, Class A3, 4.26%, 07/10/2051 <sup>(d)</sup> | 800000 | 789157 |
| &nbsp;&nbsp; Series 2019-GC39, Class A3, 3.31%, 05/10/2052 | 958275 | 916174 |
| &nbsp;&nbsp; Series 2019-GC42, Class A3, 2.75%, 09/10/2052 | 1230000 | 1145711 |
| &nbsp;&nbsp; Series 2020-GC47, Class A4, 2.12%, 05/12/2053 | 1400000 | 1256928 |
| &nbsp;&nbsp; Series 2020-GSA2, Class A4, 1.72%, 12/12/2053 | 1100000 | 976832 |
| &nbsp;&nbsp; Series 2021-GSA3, Class A4, 2.37%, 12/15/2054 | 1400000 | 1211752 |
| &nbsp;&nbsp; Series 2021-IP, Class B, 5.58% (1 mo. Term SOFR + 1.26%), 10/15/2036 <sup>(a)</sup> | 1720000 | 1709315 |
| GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust |
| &nbsp;&nbsp; Series 2021-PJ10, Class A4, 2.50%, 03/25/2052 <sup>(a)(d)</sup> | 175296 | 141798 |
| &nbsp;&nbsp; Series 2021-PJ5, Class A4, 2.50%, 10/25/2051 <sup>(a)(d)</sup> | 294787 | 238419 |
| &nbsp;&nbsp; Series 2021-PJ6, Class A4, 2.50%, 11/25/2051 <sup>(a)(d)</sup> | 214359 | 172649 |
| &nbsp;&nbsp; Series 2021-PJ7, Class A4, 2.50%, 01/25/2052 <sup>(a)(d)</sup> | 349278 | 282533 |
| &nbsp;&nbsp; Series 2021-PJ8, Class A4, 2.50%, 01/25/2052 <sup>(a)(d)</sup> | 237757 | 192341 |
| &nbsp;&nbsp; Series 2022-PJ4, Class A36, 3.00%, 09/25/2052 <sup>(a)(d)</sup> | 81531 | 68787 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES (continued)** |  |  |
| GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust |
| &nbsp;&nbsp; Series 2022-PJ5, Class A36, 3.00%, 10/25/2052 <sup>(a)(d)</sup> | $239386 | $202110 |
| &nbsp;&nbsp; Series 2022-PJ6, Class A4, 3.00%, 01/25/2053 <sup>(a)(d)</sup> | 889643 | 755294 |
| &nbsp;&nbsp; Series 2023-PJ1, Class A24, 3.50%, 02/25/2053 <sup>(a)(d)</sup> | 273157 | 238387 |
|  Hudsons Bay Simon JV Trust, Series 2015-HB10, Class C10, 5.63%, 08/05/2034 <sup>(a)(d)</sup> | 900000 | 881945 |
| JP Morgan Chase Commercial Mortgage Securities | JP Morgan Chase Commercial Mortgage Securities | JP Morgan Chase Commercial Mortgage Securities |
| &nbsp;&nbsp; Series 2016-JP4, Class A3, 3.39%, 12/15/2049 | 1071000 | 1055583 |
| &nbsp;&nbsp; Series 2019-BKWD, Class A, 5.93% (1 mo. Term SOFR + 1.61%), 09/15/2029 <sup>(a)</sup> | 154493 | 149086 |
| JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| &nbsp;&nbsp; Series 2015-1, Class B1, 5.66%, 12/25/2044 <sup>(a)(d)</sup> | 35985 | 35007 |
| &nbsp;&nbsp; Series 2017-2, Class A13, 3.50%, 05/25/2047 <sup>(a)(d)</sup> | 5569 | 5055 |
| &nbsp;&nbsp; Series 2017-5, Class A2, 4.92%, 10/26/2048 <sup>(a)(d)</sup> | 53839 | 53893 |
| &nbsp;&nbsp; Series 2018-5, Class A13, 3.50%, 10/25/2048 <sup>(a)(d)</sup> | 27464 | 24801 |
| &nbsp;&nbsp; Series 2018-6, Class B2, 3.90%, 12/25/2048 <sup>(a)(d)</sup> | 2014036 | 1866319 |
| &nbsp;&nbsp; Series 2018-7FRB, Class A2, 5.18% (1 mo. Term SOFR + 0.86%), 04/25/2046 <sup>(a)</sup> | 10334 | 10161 |
| &nbsp;&nbsp; Series 2018-8, Class A13, 4.00%, 01/25/2049 <sup>(a)(d)</sup> | 3214 | 2998 |
| &nbsp;&nbsp; Series 2018-9, Class A13, 4.00%, 02/25/2049 <sup>(a)(d)</sup> | 1158 | 1082 |
| &nbsp;&nbsp; Series 2019-1, Class A15, 4.00%, 05/25/2049 <sup>(a)(d)</sup> | 3014 | 2822 |
| &nbsp;&nbsp; Series 2020-1, Class B2, 3.82%, 06/25/2050 <sup>(a)(d)</sup> | 30505 | 27384 |
| &nbsp;&nbsp; Series 2021-10, Class A15, 2.50%, 12/25/2051 <sup>(a)(d)</sup> | 76833 | 62151 |
| &nbsp;&nbsp; Series 2021-11, Class A15, 2.50%, 01/25/2052 <sup>(a)(d)</sup> | 158273 | 127777 |
| &nbsp;&nbsp; Series 2021-14, Class A15, 2.50%, 05/25/2052 <sup>(a)(d)</sup> | 98113 | 79365 |
| &nbsp;&nbsp; Series 2021-15, Class A15, 2.50%, 06/25/2052 <sup>(a)(d)</sup> | 676018 | 544342 |
| &nbsp;&nbsp; Series 2021-15, Class A2, 3.00%, 06/25/2052 <sup>(a)(d)</sup> | 2463845 | 2095712 |
| &nbsp;&nbsp; Series 2021-4, Class B2, 2.88%, 08/25/2051 <sup>(a)(d)</sup> | 112167 | 90210 |
| &nbsp;&nbsp; Series 2021-7, Class A15, 2.50%, 11/25/2051 <sup>(a)(d)</sup> | 218738 | 176955 |
| &nbsp;&nbsp; Series 2021-8, Class A15, 2.50%, 12/25/2051 <sup>(a)(d)</sup> | 102449 | 82880 |
| &nbsp;&nbsp; Series 2021-8, Class B3, 2.84%, 12/25/2051 <sup>(a)(d)</sup> | 153556 | 119398 |
| &nbsp;&nbsp; Series 2021-LTV2, Class A3, 2.93%, 05/25/2052 <sup>(a)(d)</sup> | 71340 | 61558 |
| &nbsp;&nbsp; Series 2022-2, Class A25, 3.00%, 08/25/2052 <sup>(a)(d)</sup> | 79252 | 66965 |
| &nbsp;&nbsp; Series 2022-3, Class A25, 3.00%, 08/25/2052 <sup>(a)(d)</sup> | 358308 | 302514 |
| &nbsp;&nbsp; Series 2022-4, Class A17A, 3.00%, 10/25/2052 <sup>(a)(d)</sup> | 239563 | 202260 |
| &nbsp;&nbsp; Series 2022-4, Class B3, 3.24%, 10/25/2052 <sup>(a)(d)</sup> | 115879 | 92230 |
| &nbsp;&nbsp; Series 2022-5, Class B3, 2.95%, 09/25/2052 <sup>(a)(d)</sup> | 115524 | 89486 |
| &nbsp;&nbsp; Series 2022-6, Class A17A, 3.00%, 11/25/2052 <sup>(a)(d)</sup> | 204281 | 172349 |
| &nbsp;&nbsp; Series 2022-7, Class 1A17, 3.00%, 12/25/2052 <sup>(a)(d)</sup> | 121691 | 102640 |
| &nbsp;&nbsp; Series 2022-LTV2, Class A6, 3.50%, 09/25/2052 <sup>(a)(d)</sup> | 242168 | 211036 |
| &nbsp;&nbsp; Series 2023-1, Class A15B, 5.50%, 06/25/2053 <sup>(a)(d)</sup> | 109317 | 106857 |
| &nbsp;&nbsp; Series 2024-3, Class A9, 3.00%, 05/25/2054 <sup>(a)(d)</sup> | 906297 | 765174 |
| &nbsp;&nbsp; Series 2024-7, Class A9, 3.00%, 04/25/2053 <sup>(a)(d)</sup> | 290606 | 245354 |
|  JP Morgan Seasoned Mortgage Trust, Series 2024-1, Class A3, 4.45%, 01/25/2063 <sup>(a)(d)</sup> | 2383715 | 2282718 |
|  JPMBB Commercial Mortgage Securities Trust, Series 2014-C24, Class D, 4.20%, 11/15/2047 <sup>(a)(d)</sup> | 470000 | 359361 |
|  Manhattan West, Series 2020-1MW, Class C, 2.41%, 09/10/2039 <sup>(a)(d)</sup> | 500000 | 467944 |
|  MCR Mortgage Trust, Series 2024-TWA, Class A, 5.92%, 06/12/2039 <sup>(a)</sup> | 1000000 | 1012079 |
| Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust |
| &nbsp;&nbsp; Series 2016-C29, Class A3, 3.06%, 05/15/2049 | 223862 | 222022 |
| &nbsp;&nbsp; Series 2016-C29, Class D, 3.00%, 05/15/2049 <sup>(a)</sup> | 400000 | 298359 |
|  Morgan Stanley Capital I, Inc., Series 2018-L1, Class A3, 4.14%, 10/15/2051 | 2500000 | 2472338 |
| Morgan Stanley Residential Mortgage Loan Trust | Morgan Stanley Residential Mortgage Loan Trust | Morgan Stanley Residential Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2021-5, Class A9, 2.50%, 08/25/2051 <sup>(a)(d)</sup> | 131810 | 106544 |
| &nbsp;&nbsp; Series 2021-6, Class A4, 2.50%, 09/25/2051 <sup>(a)(d)</sup> | 104768 | 93003 |
| &nbsp;&nbsp; Series 2021-6, Class A9, 2.50%, 09/25/2051 <sup>(a)(d)</sup> | 122282 | 98720 |
| &nbsp;&nbsp; Series 2023-1, Class A7, 4.00%, 02/25/2053 <sup>(a)(d)</sup> | 256235 | 231689 |
|  MTN Commercial Mortgage Trust, Series 2022-LPFL, Class C, 6.71% (1 mo. Term SOFR + 2.39%), 03/15/2039 <sup>(a)</sup> | 1090000 | 1090681 |
| Natixis Commercial Mortgage Securities Trust | Natixis Commercial Mortgage Securities Trust | Natixis Commercial Mortgage Securities Trust |
| &nbsp;&nbsp; Series 2019-MILE, Class D, 7.14% (1 mo. Term SOFR + 2.83%), 07/15/2036 <sup>(a)</sup> | 1000000 | 775869 |
| &nbsp;&nbsp; Series 2019-MILE, Class F, 8.64% (1 mo. Term SOFR + 4.33%), 07/15/2036 <sup>(a)</sup> | 750000 | 490708 |
|  New Economy Assets LLC, Series 2021-1, Class B1, 2.41%, 10/20/2061 <sup>(a)</sup> | 1730000 | 1586136 |
|  New Residential Mortgage Loan Trust, Series 2018-4A, Class A1S, 5.18% (1 mo. Term SOFR + 0.86%), 01/25/2048 <sup>(a)</sup> | 26451 | 25887 |
|  Oak Street Real Estate Capital LLC, Series 2023-NLP, Class A, 6.30%, 03/15/2040 <sup>(a)(d)</sup> | 1400000 | 1393435 |
|  One Bryant Park Trust, Series 2019-OBP, Class A, 2.52%, 09/15/2054 <sup>(a)</sup> | 3547000 | 3229194 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES (continued)** |  |  |
|  One Market Plaza Trust, Series 2017-1MKT, Class A, 3.61%, 02/10/2032 <sup>(a)</sup> | $730448 | $697871 |
| Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2021-J2, Class A19, 2.50%, 07/25/2051 <sup>(a)(d)</sup> | 230613 | 186544 |
| &nbsp;&nbsp; Series 2025-NQM8, Class A1, 5.47%, 03/25/2065 <sup>(a)(c)</sup> | 1376145 | 1381744 |
| RCKT Mortgage Trust | RCKT Mortgage Trust | RCKT Mortgage Trust |
| &nbsp;&nbsp; Series 2021-4, Class A21, 2.50%, 09/25/2051 <sup>(a)(d)</sup> | 280988 | 227293 |
| &nbsp;&nbsp; Series 2021-5, Class A1, 2.50%, 11/25/2051 <sup>(a)(d)</sup> | 4147867 | 3377272 |
| &nbsp;&nbsp; Series 2021-5, Class B4, 2.92%, 11/25/2051 <sup>(a)(d)</sup> | 182186 | 144261 |
| &nbsp;&nbsp; Series 2022-2, Class A22, 2.50%, 02/25/2052 <sup>(a)(d)</sup> | 352827 | 285404 |
| &nbsp;&nbsp; Series 2022-3, Class A21, 3.00%, 05/25/2052 <sup>(a)(d)</sup> | 128417 | 108507 |
| &nbsp;&nbsp; Series 2022-4, Class A22, 3.50%, 06/25/2052 <sup>(a)(d)</sup> | 200324 | 174822 |
|  SCOTT Trust 2023-SFS, Series 2023-SFS, Class A, 5.91%, 03/10/2040 <sup>(a)</sup> | 1550000 | 1589727 |
| Sequoia Mortgage Trust | Sequoia Mortgage Trust | Sequoia Mortgage Trust |
| &nbsp;&nbsp; Series 2015-2, Class A1, 3.50%, 05/25/2045 <sup>(a)(d)</sup> | 7992 | 7357 |
| &nbsp;&nbsp; Series 2020-1, Class B4, 3.85%, 02/25/2050 <sup>(a)(d)</sup> | 210054 | 166158 |
| &nbsp;&nbsp; Series 2020-3, Class A19, 3.00%, 04/25/2050 <sup>(a)(d)</sup> | 43116 | 36814 |
| &nbsp;&nbsp; Series 2021-1, Class B3, 2.66%, 03/25/2051 <sup>(a)(d)</sup> | 89128 | 73362 |
| &nbsp;&nbsp; Series 2021-4, Class A19, 2.50%, 06/25/2051 <sup>(a)(d)</sup> | 75737 | 61264 |
| &nbsp;&nbsp; Series 2023-1, Class A19, 5.00%, 01/25/2053 <sup>(a)(d)</sup> | 181297 | 173210 |
|  Starwood Property Mortgage Trust, Series 2021-LIH, Class AS, 5.68% (1 mo. Term SOFR + 1.37%), 11/15/2036 <sup>(a)</sup> | 1000000 | 996875 |
| STORE Master Funding LLC | STORE Master Funding LLC | STORE Master Funding LLC |
| &nbsp;&nbsp; Series 2019-1, Class A1, 2.82%, 11/20/2049 <sup>(a)</sup> | 987963 | 957726 |
| &nbsp;&nbsp; Series 2021-1A, Class A1, 2.12%, 06/20/2051 <sup>(a)</sup> | 1127000 | 1044494 |
|  Tricon Residential Trust, Series 2025-SFR1, Class A, 5.41% (1 mo. Term SOFR + 1.10%), 03/17/2042 <sup>(a)</sup> | 898455 | 898595 |
|  TYSN 2023-CRNR Mortgage Trust, Series 2023-CRNR, Class A, 6.80%, 12/10/2033 <sup>(a)(d)</sup> | 1000000 | 1059265 |
| UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2017-C4, Class A3, 3.30%, 10/15/2050 | 1047682 | 1026780 |
| &nbsp;&nbsp; Series 2017-C4, Class A4, 3.56%, 10/15/2050 | 148558 | 144576 |
| &nbsp;&nbsp; Series 2017-C7, Class A3, 3.42%, 12/15/2050 | 214496 | 208972 |
| &nbsp;&nbsp; Series 2018-C10, Class A3, 4.05%, 05/15/2051 | 1124200 | 1109831 |
| &nbsp;&nbsp; Series 2018-C11, Class A3, 4.31%, 06/15/2051 | 119690 | 119324 |
|  UBS-Barclays Commercial Mortgage Trust, Series 2013-C5, Class D, 3.84%, 03/10/2046 <sup>(a)(d)</sup> | 225000 | 176312 |
|  WB Commercial Mortgage Trust, Series 2024-HQ, Class A, 6.13%, 03/15/2040 <sup>(a)(d)</sup> | 500000 | 501467 |
|  Wells Fargo Commercial Mortgage Trust, Series 2019-C50, Class A4, 3.47%, 05/15/2052 | 930258 | 899075 |
|  Wells Fargo Commercial Mortgage Trust 2024-1CHI, Series 2024-5C2, Class A3, 5.92%, 11/15/2057 <sup>(d)</sup> | 2125000 | 2225579 |
| Wells Fargo Mortgage Backed Securities Trust | Wells Fargo Mortgage Backed Securities Trust | Wells Fargo Mortgage Backed Securities Trust |
| &nbsp;&nbsp; Series 2019-2, Class A17, 4.00%, 04/25/2049 <sup>(a)(d)</sup> | 6186 | 5880 |
| &nbsp;&nbsp; Series 2021-2, Class A17, 2.50%, 06/25/2051 <sup>(a)(d)</sup> | 276981 | 224398 |
| &nbsp;&nbsp; Series 2022-2, Class A18, 2.50%, 12/25/2051 <sup>(a)(d)</sup> | 87365 | 70670 |
| &nbsp;&nbsp; Series 2022-2, Class A2, 2.50%, 12/25/2051 <sup>(a)(d)</sup> | 3910638 | 3184116 |
|  WF-RBS Commercial Mortgage Trust, Series 2013-C13, Class D, 4.09%, 05/15/2045 <sup>(a)(d)</sup> | 177671 | 163028 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $159,818,228) | **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $159,818,228) | **156745764** |
| **U.S. GOVERNMENT OBLIGATIONS - 8.2%** |  |  |
| U.S. Treasury Bonds | U.S. Treasury Bonds | U.S. Treasury Bonds |
| &nbsp;&nbsp; 1.88%, 02/15/2041 | 350000 | 240734 |
| &nbsp;&nbsp; 2.25%, 05/15/2041 | 500000 | 363125 |
| &nbsp;&nbsp; 2.38%, 02/15/2042 | 3825000 | 2782688 |
| &nbsp;&nbsp; 2.75%, 11/15/2042 | 75000 | 57132 |
| &nbsp;&nbsp; 3.88%, 05/15/2043 | 2500000 | 2233008 |
| &nbsp;&nbsp; 3.75%, 11/15/2043 | 2415000 | 2110106 |
| &nbsp;&nbsp; 4.75%, 11/15/2043 <sup>(n)</sup> | 6475000 | 6468171 |
| &nbsp;&nbsp; 4.13%, 08/15/2044 | 54000 | 49471 |
| &nbsp;&nbsp; 4.63%, 11/15/2044 | 3110000 | 3044398 |
| &nbsp;&nbsp; 4.75%, 02/15/2045 | 104000 | 103448 |
| &nbsp;&nbsp; 3.00%, 05/15/2045 | 2500000 | 1914941 |
| &nbsp;&nbsp; 5.00%, 05/15/2045 | 12800000 | 13148000 |
| &nbsp;&nbsp; 2.38%, 11/15/2049 | 5740000 | 3691762 |
| &nbsp;&nbsp; 2.00%, 02/15/2050 | 2990000 | 1755691 |
| &nbsp;&nbsp; 1.63%, 11/15/2050 | 8355000 | 4401714 |
| &nbsp;&nbsp; 1.88%, 02/15/2051 | 1665000 | 935262 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. GOVERNMENT OBLIGATIONS (continued)** |  |  |
| U.S. Treasury Bonds (continued) | U.S. Treasury Bonds (continued) | U.S. Treasury Bonds (continued) |
| &nbsp;&nbsp; 2.00%, 08/15/2051 | $62000 | $35744 |
| &nbsp;&nbsp; 1.88%, 11/15/2051 | 3215000 | 1788595 |
| &nbsp;&nbsp; 2.25%, 02/15/2052 | 960000 | 586388 |
| &nbsp;&nbsp; 4.00%, 11/15/2052 | 185000 | 161796 |
| &nbsp;&nbsp; 3.63%, 02/15/2053 | 92000 | 75102 |
| &nbsp;&nbsp; 4.13%, 08/15/2053 | 2600000 | 2322430 |
| &nbsp;&nbsp; 4.75%, 11/15/2053 | 2230000 | 2209791 |
| &nbsp;&nbsp; 4.63%, 05/15/2054 | 78000 | 75758 |
| &nbsp;&nbsp; 4.25%, 08/15/2054 | 289000 | 263916 |
| &nbsp;&nbsp; 4.50%, 11/15/2054 | 304000 | 289702 |
| &nbsp;&nbsp; 4.63%, 02/15/2055 | 8840000 | 8605188 |
| &nbsp;&nbsp; 4.75%, 05/15/2055 | 55000 | 54691 |
| U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes |
| &nbsp;&nbsp; 4.25%, 12/31/2026 | 120000 | 120698 |
| &nbsp;&nbsp; 3.75%, 06/30/2027 | 5765000 | 5768265 |
| &nbsp;&nbsp; 3.13%, 08/31/2027 | 2500000 | 2469238 |
| &nbsp;&nbsp; 0.50%, 10/31/2027 | 2755000 | 2558706 |
| &nbsp;&nbsp; 2.88%, 05/15/2028 | 1000000 | 977695 |
| &nbsp;&nbsp; 3.88%, 06/15/2028 | 2436000 | 2448941 |
| &nbsp;&nbsp; 4.00%, 06/30/2028 | 125000 | 126074 |
| &nbsp;&nbsp; 1.13%, 08/31/2028 | 1000000 | 923359 |
| &nbsp;&nbsp; 4.00%, 01/31/2029 | 52000 | 52469 |
| &nbsp;&nbsp; 4.50%, 05/31/2029 | 48400 | 49720 |
| &nbsp;&nbsp; 4.13%, 11/30/2029 | 315000 | 319627 |
| &nbsp;&nbsp; 4.25%, 01/31/2030 | 97000 | 98913 |
| &nbsp;&nbsp; 3.63%, 03/31/2030 | 2500000 | 2482129 |
| &nbsp;&nbsp; 3.75%, 05/31/2030 | 41000 | 40909 |
| &nbsp;&nbsp; 3.88%, 06/30/2030 | 8710000 | 8743343 |
| &nbsp;&nbsp; 4.63%, 09/30/2030 | 5800000 | 6018180 |
| &nbsp;&nbsp; 4.38%, 11/30/2030 | 72000 | 73862 |
| &nbsp;&nbsp; 3.75%, 12/31/2030 | 125000 | 124380 |
| &nbsp;&nbsp; 4.13%, 07/31/2031 | 280000 | 283216 |
| &nbsp;&nbsp; 4.13%, 10/31/2031 | 120000 | 121252 |
| &nbsp;&nbsp; 4.13%, 11/30/2031 | 2000000 | 2020234 |
| &nbsp;&nbsp; 4.50%, 12/31/2031 | 6890000 | 7104236 |
| &nbsp;&nbsp; 1.88%, 02/15/2032 | 177000 | 155483 |
| &nbsp;&nbsp; 2.88%, 05/15/2032 | 67000 | 62514 |
| &nbsp;&nbsp; 4.00%, 06/30/2032 | 5314000 | 5318567 |
| &nbsp;&nbsp; 2.75%, 08/15/2032 | 212000 | 195570 |
| &nbsp;&nbsp; 3.38%, 05/15/2033 | 4933000 | 4702344 |
| &nbsp;&nbsp; 3.88%, 08/15/2033 | 32000 | 31513 |
| &nbsp;&nbsp; 4.00%, 02/15/2034 | 160000 | 158331 |
| &nbsp;&nbsp; 4.38%, 05/15/2034 | 237000 | 240694 |
| &nbsp;&nbsp; 4.25%, 11/15/2034 | 65000 | 65213 |
| &nbsp;&nbsp; 4.63%, 02/15/2035 | 173000 | 178487 |
| &nbsp;&nbsp; 4.25%, 05/15/2035 | 7326000 | 7337447 |
| U.S. Treasury STRIP Coupon | U.S. Treasury STRIP Coupon | U.S. Treasury STRIP Coupon |
| &nbsp;&nbsp; Zero Coupon, 11/15/2040 <sup>(g)</sup> | 305000 | 144550 |
| &nbsp;&nbsp; Zero Coupon, 05/15/2041 <sup>(g)(n)</sup> | 6840000 | 3155031 |
| &nbsp;&nbsp; Zero Coupon, 11/15/2041 <sup>(g)</sup> | 440000 | 196890 |
| &nbsp;&nbsp; Zero Coupon, 02/15/2042 <sup>(g)(n)</sup> | 1090000 | 480345 |
| &nbsp;&nbsp; Zero Coupon, 05/15/2042 <sup>(g)</sup> | 80000 | 34727 |
| &nbsp;&nbsp; Zero Coupon, 11/15/2042 <sup>(g)</sup> | 935000 | 394642 |
| &nbsp;&nbsp; Zero Coupon, 08/15/2043 <sup>(g)</sup> | 480000 | 193739 |
| &nbsp;&nbsp; Zero Coupon, 11/15/2043 <sup>(g)</sup> | 270000 | 107637 |
| &nbsp;&nbsp; Zero Coupon, 02/15/2044 <sup>(g)</sup> | 1020000 | 401204 |
| &nbsp;&nbsp; Zero Coupon, 05/15/2044 <sup>(g)</sup> | 205000 | 79556 |
| &nbsp;&nbsp; Zero Coupon, 08/15/2044 <sup>(g)</sup> | 975000 | 373691 |
| &nbsp;&nbsp; Zero Coupon, 11/15/2044 <sup>(g)</sup> | 490000 | 185494 |
| &nbsp;&nbsp; Zero Coupon, 02/15/2045 <sup>(g)</sup> | 1265000 | 472865 |
| &nbsp;&nbsp; Zero Coupon, 11/15/2045 <sup>(g)</sup> | 560000 | 201546 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. GOVERNMENT OBLIGATIONS (continued)** |  |  |
| U.S. Treasury STRIP Coupon (continued) | U.S. Treasury STRIP Coupon (continued) | U.S. Treasury STRIP Coupon (continued) |
| &nbsp;&nbsp; Zero Coupon, 02/15/2046 <sup>(g)</sup> | $405000 | $143968 |
| &nbsp;&nbsp; Zero Coupon, 05/15/2046 <sup>(g)</sup> | 235000 | 82577 |
| &nbsp;&nbsp; Zero Coupon, 02/15/2050 <sup>(g)</sup> | 330000 | 96463 |
| &nbsp;&nbsp; Zero Coupon, 05/15/2050 <sup>(g)</sup> | 185000 | 53629 |
| United States Treasury Inflation Indexed Bonds | United States Treasury Inflation Indexed Bonds | United States Treasury Inflation Indexed Bonds |
| &nbsp;&nbsp; 1.75%, 01/15/2034 | 1043610 | 1034473 |
| &nbsp;&nbsp; 2.13%, 02/15/2054 | 2299572 | 2102967 |
| **TOTAL U.S. GOVERNMENT OBLIGATIONS** (Cost $135,365,611) | **TOTAL U.S. GOVERNMENT OBLIGATIONS** (Cost $135,365,611) | **131076355** |
| **FOREIGN CORPORATE BONDS - 6.5%** |  |  |
| **BASIC MATERIALS - 0.3%** | **BASIC MATERIALS - 0.3%** | **BASIC MATERIALS - 0.3%** |
|  Alcoa Nederland Holding BV, 7.13%, 03/15/2031 <sup>(a)</sup> | 345000 | 362073 |
| BHP Billiton Finance USA Ltd. | BHP Billiton Finance USA Ltd. | BHP Billiton Finance USA Ltd. |
| &nbsp;&nbsp; 5.25%, 09/08/2033 | 980000 | 1003530 |
| &nbsp;&nbsp; 5.30%, 02/21/2035 | 150000 | 153124 |
|  Champion Iron Canada, Inc., 7.88%, 07/15/2032 <sup>(a)</sup> | 200000 | 202778 |
|  Corp. Nacional del Cobre de Chile, 6.78%, 01/13/2055 <sup>(a)</sup> | 204000 | 208923 |
|  FMG Resources August 2006 Pty Ltd., 6.13%, 04/15/2032 <sup>(a)</sup> | 500000 | 508588 |
| Nutrien Ltd. | Nutrien Ltd. | Nutrien Ltd. |
| &nbsp;&nbsp; 5.20%, 06/21/2027 | 72000 | 73093 |
| &nbsp;&nbsp; 5.40%, 06/21/2034 | 1000000 | 1016583 |
| OCP SA | OCP SA | OCP SA |
| &nbsp;&nbsp; 6.10%, 04/30/2030 <sup>(a)</sup> | 305000 | 309057 |
| &nbsp;&nbsp; 6.75%, 05/02/2034 <sup>(a)</sup> | 426000 | 441247 |
|  Rio Tinto Finance USA PLC, 5.25%, 03/14/2035 | 200000 | 203497 |
|  South32 Treasury Ltd., 4.35%, 04/14/2032 <sup>(a)</sup> | 183000 | 171585 |
| **Total Basic Materials** | **Total Basic Materials** | **4654078** |
| **COMMUNICATIONS - 0.1%** | **COMMUNICATIONS - 0.1%** | **COMMUNICATIONS - 0.1%** |
|  Telefonica Emisiones SA, 5.21%, 03/08/2047 | 150000 | 132711 |
|  Turkcell Iletisim Hizmetleri AS, 7.65%, 01/24/2032 <sup>(a)</sup> | 500000 | 507912 |
| Vodafone Group PLC | Vodafone Group PLC | Vodafone Group PLC |
| &nbsp;&nbsp; 4.25%, 09/17/2050 | 51000 | 39751 |
| &nbsp;&nbsp; 5.75%, 02/10/2063 | 84000 | 78756 |
| &nbsp;&nbsp; 5.88%, 06/28/2064 | 322000 | 309574 |
| **Total Communications** | **Total Communications** | **1068704** |
| **CONSUMER, CYCLICAL - 0.0%<sup>(k)</sup>** | **CONSUMER, CYCLICAL - 0.0%<sup>(k)</sup>** | **CONSUMER, CYCLICAL - 0.0%<sup>(k)</sup>** |
|  1011778 BC ULC / New Red Finance, Inc., 3.88%, 01/15/2028 <sup>(a)</sup> | 125000 | 121757 |
|  Sands China Ltd., 5.40%, 08/08/2028 <sup>(c)</sup> | 200000 | 201492 |
| **Total Consumer, Cyclical** | **Total Consumer, Cyclical** | **323249** |
| **CONSUMER, NON-CYCLICAL - 0.3%** | **CONSUMER, NON-CYCLICAL - 0.3%** | **CONSUMER, NON-CYCLICAL - 0.3%** |
| BAT International Finance PLC | BAT International Finance PLC | BAT International Finance PLC |
| &nbsp;&nbsp; 4.45%, 03/16/2028 | 740000 | 741186 |
| &nbsp;&nbsp; 5.93%, 02/02/2029 | 40000 | 41976 |
|  Belron UK Finance PLC, 5.75%, 10/15/2029 <sup>(a)</sup> | 200000 | 201669 |
|  Imperial Brands Finance PLC, 4.50%, 06/30/2028 <sup>(a)</sup> | 555000 | 554934 |
|  JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings, Inc. / JBS USA Food Co., 6.38%, 04/15/2066 <sup>(a)</sup> | 60000 | 60442 |
|  JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl, 3.63%, 01/15/2032 | 520000 | 475483 |
| Pfizer Investment Enterprises Pte Ltd. | Pfizer Investment Enterprises Pte Ltd. | Pfizer Investment Enterprises Pte Ltd. |
| &nbsp;&nbsp; 4.75%, 05/19/2033 | 123000 | 122630 |
| &nbsp;&nbsp; 5.11%, 05/19/2043 | 167000 | 159254 |
| &nbsp;&nbsp; 5.30%, 05/19/2053 | 1025000 | 967610 |
| &nbsp;&nbsp; 5.34%, 05/19/2063 | 81000 | 75125 |
| Royalty Pharma PLC | Royalty Pharma PLC | Royalty Pharma PLC |
| &nbsp;&nbsp; 5.15%, 09/02/2029 | 67000 | 68371 |
| &nbsp;&nbsp; 2.15%, 09/02/2031 | 184000 | 158084 |
| &nbsp;&nbsp; 5.90%, 09/02/2054 | 79000 | 76870 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **FOREIGN CORPORATE BONDS (continued)** |  |  |
| **CONSUMER, NON-CYCLICAL (continued)** | **CONSUMER, NON-CYCLICAL (continued)** | **CONSUMER, NON-CYCLICAL (continued)** |
|  STERIS Irish FinCo UnLtd Co., 3.75%, 03/15/2051 | $442000 | $314644 |
|  Takeda Pharmaceutical Co., Ltd., 5.80%, 07/05/2064 | 200000 | 194249 |
|  Triton Container International Ltd., 3.15%, 06/15/2031 <sup>(a)</sup> | 428000 | 371342 |
|  Triton Container International Ltd. / TAL International Container Corp., 3.25%, 03/15/2032 | 112000 | 96780 |
| **Total Consumer, Non-Cyclical** | **Total Consumer, Non-Cyclical** | **4680649** |
| **ENERGY - 1.3%** | **ENERGY - 1.3%** | **ENERGY - 1.3%** |
| Aker BP ASA | Aker BP ASA | Aker BP ASA |
| &nbsp;&nbsp; 4.00%, 01/15/2031 <sup>(a)</sup> | 500000 | 474889 |
| &nbsp;&nbsp; 3.10%, 07/15/2031 <sup>(a)</sup> | 900000 | 803679 |
|  BP Capital Markets PLC, 6.45% to 03/01/2034 then 5 yr. CMT Rate + 2.15%, Perpetual | 1000000 | 1022259 |
| Canadian Natural Resources Ltd. | Canadian Natural Resources Ltd. | Canadian Natural Resources Ltd. |
| &nbsp;&nbsp; 5.00%, 12/15/2029 <sup>(a)</sup> | 265000 | 267388 |
| &nbsp;&nbsp; 5.85%, 02/01/2035 | 310000 | 315225 |
| &nbsp;&nbsp; 6.25%, 03/15/2038 | 200000 | 207406 |
| Cenovus Energy, Inc. | Cenovus Energy, Inc. | Cenovus Energy, Inc. |
| &nbsp;&nbsp; 5.25%, 06/15/2037 | 77000 | 72540 |
| &nbsp;&nbsp; 3.75%, 02/15/2052 | 90000 | 61119 |
| Ecopetrol SA | Ecopetrol SA | Ecopetrol SA |
| &nbsp;&nbsp; 8.63%, 01/19/2029 | 525000 | 554927 |
| &nbsp;&nbsp; 7.75%, 02/01/2032 | 435000 | 427497 |
| Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. |
| &nbsp;&nbsp; 4.60%, 06/20/2028 | 56000 | 56420 |
| &nbsp;&nbsp; 6.00%, 11/15/2028 | 540000 | 566893 |
| &nbsp;&nbsp; 5.63%, 04/05/2034 | 1000000 | 1027415 |
|  Eni SpA, 5.95%, 05/15/2054 <sup>(a)</sup> | 200000 | 193488 |
| Equinor ASA | Equinor ASA | Equinor ASA |
| &nbsp;&nbsp; 5.13%, 06/03/2035 | 2500000 | 2542979 |
| &nbsp;&nbsp; 3.25%, 11/18/2049 | 1000000 | 699019 |
|  Greensaif Pipelines Bidco Sarl, 6.51%, 02/23/2042 <sup>(a)</sup> | 200000 | 207247 |
| Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos |
| &nbsp;&nbsp; 6.49%, 01/23/2027 | 262000 | 260678 |
| &nbsp;&nbsp; 6.50%, 03/13/2027 | 200000 | 198611 |
|  QatarEnergy, 2.25%, 07/12/2031 <sup>(a)</sup> | 200000 | 175076 |
|  Raizen Fuels Finance SA, 6.95%, 03/05/2054 <sup>(a)</sup> | 1075000 | 997308 |
|  Sweihan PV Power Co. PJSC, 3.63%, 01/31/2049 <sup>(a)</sup> | 922240 | 760374 |
| TotalEnergies Capital SA | TotalEnergies Capital SA | TotalEnergies Capital SA |
| &nbsp;&nbsp; 4.72%, 09/10/2034 | 775000 | 769997 |
| &nbsp;&nbsp; 5.49%, 04/05/2054 | 825000 | 793909 |
| &nbsp;&nbsp; 5.43%, 09/10/2064 | 2578000 | 2411840 |
|  UEP Penonome II SA, 6.50%, 10/01/2038 <sup>(a)</sup> | 827331 | 732055 |
|  Var Energi ASA, 5.88%, 05/22/2030 <sup>(a)</sup> | 1250000 | 1280611 |
| Woodside Finance Ltd. | Woodside Finance Ltd. | Woodside Finance Ltd. |
| &nbsp;&nbsp; 5.40%, 05/19/2030 | 299000 | 303256 |
| &nbsp;&nbsp; 5.10%, 09/12/2034 | 2500000 | 2420659 |
| **Total Energy** | **Total Energy** | **20604764** |
| **FINANCIAL - 3.7%** | **FINANCIAL - 3.7%** | **FINANCIAL - 3.7%** |
|  AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 2.45%, 10/29/2026 | 150000 | 146141 |
|  African Development Bank, 5.75% to 08/07/2034 then 5 yr. CMT Rate + 1.58%, Perpetual | 1000000 | 963635 |
|  AIB Group PLC, 5.32% to 05/15/2030 then SOFR + 1.65%, 05/15/2031 <sup>(a)</sup> | 1200000 | 1221049 |
|  Amazon Conservation DAC, 6.03%, 01/16/2042 <sup>(a)</sup> | 2000000 | 2005000 |
|  Arab Energy Fund, 5.43%, 05/02/2029 <sup>(o)</sup> | 1695000 | 1742206 |
| Banco Santander SA | Banco Santander SA | Banco Santander SA |
| &nbsp;&nbsp; 5.54% to 03/14/2029 then 1 yr. CMT Rate + 1.45%, 03/14/2030 | 200000 | 206220 |
| &nbsp;&nbsp; 6.35%, 03/14/2034 | 200000 | 209444 |
|  Bank of Montreal, 7.70% to 05/26/2029 then 5 yr. CMT Rate + 3.45%, 05/26/2084 | 1000000 | 1032584 |
| Bank of Nova Scotia (The) | Bank of Nova Scotia (The) | Bank of Nova Scotia (The) |
| &nbsp;&nbsp; 5.65%, 02/01/2034 | 136000 | 142695 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **FOREIGN CORPORATE BONDS (continued)** |  |  |
| **FINANCIAL (continued)** | **FINANCIAL (continued)** | **FINANCIAL (continued)** |
| Bank of Nova Scotia (The) (continued) | Bank of Nova Scotia (The) (continued) | Bank of Nova Scotia (The) (continued) |
| &nbsp;&nbsp; 4.59% to 05/04/2032 then 5 yr. CMT Rate + 2.05%, 05/04/2037 | $273000 | $258376 |
| Barclays PLC | Barclays PLC | Barclays PLC |
| &nbsp;&nbsp; 2.28% to 11/24/2026 then 1 yr. CMT Rate + 1.05%, 11/24/2027 | 1430000 | 1386706 |
| &nbsp;&nbsp; 7.63% to 09/15/2035 then USISSO05 + 3.69%, Perpetual | 400000 | 401717 |
| &nbsp;&nbsp; 3.56% to 09/23/2030 then 5 yr. CMT Rate + 2.90%, 09/23/2035 | 400000 | 367990 |
| BB Blue Financing DAC | BB Blue Financing DAC | BB Blue Financing DAC |
| &nbsp;&nbsp; 4.40%, 09/20/2029 | 1000000 | 1004369 |
| &nbsp;&nbsp; 4.40%, 09/20/2037 | 1000000 | 971779 |
| BNP Paribas SA | BNP Paribas SA | BNP Paribas SA |
| &nbsp;&nbsp; 1.32% to 01/13/2026 then SOFR + 1.00%, 01/13/2027 <sup>(a)</sup> | 730000 | 717297 |
| &nbsp;&nbsp; 1.68% to 06/30/2026 then SOFR + 0.91%, 06/30/2027 <sup>(a)</sup> | 440000 | 427560 |
| &nbsp;&nbsp; 5.28% to 11/19/2029 then SOFR + 1.28%, 11/19/2030 <sup>(a)</sup> | 239000 | 243556 |
| &nbsp;&nbsp; 5.09% to 05/09/2030 then SOFR + 1.68%, 05/09/2031 <sup>(a)</sup> | 200000 | 201949 |
| &nbsp;&nbsp; 7.45% to 06/27/2035 then 5 yr. CMT Rate + 3.13%, Perpetual <sup>(a)</sup> | 1050000 | 1056300 |
|  BPCE SA, 5.88% to 01/14/2030 then SOFR + 1.68%, 01/14/2031 <sup>(a)</sup> | 550000 | 570508 |
|  CaixaBank SA, 6.68% to 09/13/2026 then SOFR + 2.08%, 09/13/2027 <sup>(a)</sup> | 610000 | 624712 |
|  Canadian Imperial Bank of Commerce, 6.95% to 01/28/2030 then 5 yr. CMT Rate + 2.83%, 01/28/2085 | 2500000 | 2507065 |
|  CDP Financial, Inc., 1.00%, 05/26/2026 <sup>(a)</sup> | 1000000 | 972817 |
|  Cooperatieve Rabobank UA, 1.00% to 09/24/2025 then 1 yr. CMT Rate + 0.73%, 09/24/2026 <sup>(a)</sup> | 261000 | 258825 |
|  Cooperatieve Rabobank UA/NY, 4.88%, 01/21/2028 | 250000 | 255278 |
|  Credit Agricole SA, 5.22% to 05/27/2030 then SOFR + 1.46%, 05/27/2031 <sup>(a)</sup> | 1700000 | 1731701 |
|  Credit Suisse AG/New York NY, 7.50%, 02/15/2028 | 250000 | 269691 |
|  Danske Bank AS, 6.26% to 09/22/2025 then 1 yr. CMT Rate + 1.18%, 09/22/2026 <sup>(a)</sup> | 485000 | 486492 |
| Deutsche Bank AG/New York NY | Deutsche Bank AG/New York NY | Deutsche Bank AG/New York NY |
| &nbsp;&nbsp; 2.31% to 11/16/2026 then SOFR + 1.22%, 11/16/2027 | 180000 | 174649 |
| &nbsp;&nbsp; 5.62% (SOFR + 1.22%), 11/16/2027 | 240000 | 240004 |
| &nbsp;&nbsp; 6.82% to 11/20/2028 then SOFR + 2.51%, 11/20/2029 | 1100000 | 1173284 |
| &nbsp;&nbsp; 3.55% to 09/18/2030 then SOFR + 3.04%, 09/18/2031 | 178000 | 166512 |
| &nbsp;&nbsp; 3.74% to 01/07/2032 then SOFR + 2.26%, 01/07/2033 | 225000 | 202518 |
| Fairfax Financial Holdings Ltd. | Fairfax Financial Holdings Ltd. | Fairfax Financial Holdings Ltd. |
| &nbsp;&nbsp; 5.63%, 08/16/2032 | 500000 | 513509 |
| &nbsp;&nbsp; 6.00%, 12/07/2033 | 975000 | 1016919 |
|  Federation des Caisses Desjardins du Quebec, 5.15%, 11/27/2028 <sup>(a)</sup> | 600000 | 621818 |
|  GPS Blue Financing DAC, 5.65%, 11/09/2041 <sup>(a)</sup> | 1000000 | 970000 |
| HSBC Holdings PLC | HSBC Holdings PLC | HSBC Holdings PLC |
| &nbsp;&nbsp; 5.24% to 05/13/2030 then SOFR + 1.57%, 05/13/2031 | 2400000 | 2443650 |
| &nbsp;&nbsp; 5.73% to 05/17/2031 then SOFR + 1.52%, 05/17/2032 | 200000 | 207924 |
| &nbsp;&nbsp; 5.87% to 11/18/2034 then SOFR + 1.90%, 11/18/2035 | 206000 | 208459 |
| &nbsp;&nbsp; 6.33% to 03/09/2043 then SOFR + 2.65%, 03/09/2044 | 200000 | 214686 |
|  IBM International Capital Pte Ltd., 4.75%, 02/05/2031 | 363000 | 367773 |
| ING Groep NV | ING Groep NV | ING Groep NV |
| &nbsp;&nbsp; 4.86% to 03/25/2028 then SOFR + 1.01%, 03/25/2029 | 200000 | 202035 |
| &nbsp;&nbsp; 5.07% to 03/25/2030 then SOFR + 1.23%, 03/25/2031 | 800000 | 813692 |
| &nbsp;&nbsp; 5.53% to 03/25/2035 then SOFR + 1.61%, 03/25/2036 | 325000 | 330843 |
| International Development Association | International Development Association | International Development Association |
| &nbsp;&nbsp; 4.38%, 11/27/2029 <sup>(a)</sup> | 1700000 | 1734121 |
| &nbsp;&nbsp; 4.50%, 02/12/2035 <sup>(a)</sup> | 1425000 | 1443283 |
| Intesa Sanpaolo SpA | Intesa Sanpaolo SpA | Intesa Sanpaolo SpA |
| &nbsp;&nbsp; 7.20%, 11/28/2033 <sup>(a)</sup> | 1000000 | 1122976 |
| &nbsp;&nbsp; 7.80%, 11/28/2053 <sup>(a)</sup> | 1000000 | 1169605 |
| &nbsp;&nbsp; 7.78% to 06/20/2053 then 1 yr. CMT Rate + 3.90%, 06/20/2054 <sup>(a)</sup> | 200000 | 224438 |
| Lloyds Banking Group PLC | Lloyds Banking Group PLC | Lloyds Banking Group PLC |
| &nbsp;&nbsp; 5.72% to 06/05/2029 then 1 yr. CMT Rate + 1.07%, 06/05/2030 | 200000 | 207710 |
| &nbsp;&nbsp; 6.07% to 06/13/2035 then 1 yr. CMT Rate + 1.60%, 06/13/2036 | 1825000 | 1876281 |
|  Macquarie Group Ltd., 3.76% to 11/28/2027 then 3 mo. Term SOFR + 1.63%, 11/28/2028 <sup>(a)</sup> | 8000 | 7850 |
|  Meiji Yasuda Life Insurance Co., 5.80% to 09/11/2034 then 5 yr. CMT Rate + 3.03%, 09/11/2054 <sup>(a)</sup> | 200000 | 196910 |
|  Mitsubishi UFJ Financial Group, Inc., 5.24% to 04/19/2028 then 1 yr. CMT Rate + 1.70%, 04/19/2029 | 655000 | 669882 |
|  Mizuho Financial Group, Inc., 5.78% to 07/06/2028 then 1 yr. CMT Rate + 1.65%, 07/06/2029 | 292000 | 303175 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **FOREIGN CORPORATE BONDS (continued)** |  |  |
| **FINANCIAL (continued)** | **FINANCIAL (continued)** | **FINANCIAL (continued)** |
|  Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, 5.88% to 05/23/2032 then 5 yr. CMT Rate + 3.98%, 05/23/2042 <sup>(a)</sup> | $1000000 | $1022500 |
| NatWest Group PLC | NatWest Group PLC | NatWest Group PLC |
| &nbsp;&nbsp; 4.96% to 08/15/2029 then 1 yr. CMT Rate + 1.22%, 08/15/2030 | 202000 | 204319 |
| &nbsp;&nbsp; 8.13% to 05/10/2034 then 5 yr. CMT Rate + 3.75%, Perpetual | 1000000 | 1078654 |
|  NatWest Markets PLC, 4.79%, 03/21/2028 <sup>(a)</sup> | 202000 | 204257 |
|  Nomura Holdings, Inc., 2.61%, 07/14/2031 | 200000 | 176465 |
|  Nordea Bank Abp, 5.38%, 09/22/2027 <sup>(a)</sup> | 200000 | 204588 |
| OMERS Finance Trust | OMERS Finance Trust | OMERS Finance Trust |
| &nbsp;&nbsp; 3.50%, 04/19/2032 <sup>(a)</sup> | 1000000 | 946232 |
| &nbsp;&nbsp; 4.00%, 04/19/2052 <sup>(a)</sup> | 1000000 | 773200 |
| Royal Bank of Canada | Royal Bank of Canada | Royal Bank of Canada |
| &nbsp;&nbsp; 1.05%, 09/14/2026 <sup>(a)</sup> | 1000000 | 964385 |
| &nbsp;&nbsp; 4.85%, 12/14/2026 <sup>(a)</sup> | 1000000 | 1010945 |
| &nbsp;&nbsp; 4.72% to 03/27/2027 then SOFR + 0.81%, 03/27/2028 | 195000 | 196174 |
| Societe Generale SA | Societe Generale SA | Societe Generale SA |
| &nbsp;&nbsp; 2.80% to 01/19/2027 then 1 yr. CMT Rate + 1.30%, 01/19/2028 <sup>(a)</sup> | 795000 | 772035 |
| &nbsp;&nbsp; 5.52% to 01/19/2027 then 1 yr. CMT Rate + 1.50%, 01/19/2028 <sup>(a)</sup> | 760000 | 769409 |
| Sumitomo Mitsui Financial Group, Inc. | Sumitomo Mitsui Financial Group, Inc. | Sumitomo Mitsui Financial Group, Inc. |
| &nbsp;&nbsp; 0.00% to 07/08/2032 then SOFR + 1.38%, 07/08/2033 | 1655000 | 1655000 |
| &nbsp;&nbsp; 5.84%, 07/09/2044 | 73000 | 74224 |
| Sumitomo Mitsui Trust Bank Ltd. | Sumitomo Mitsui Trust Bank Ltd. | Sumitomo Mitsui Trust Bank Ltd. |
| &nbsp;&nbsp; 5.65%, 03/09/2026 <sup>(a)</sup> | 245000 | 247058 |
| &nbsp;&nbsp; 4.45%, 09/10/2027 <sup>(a)</sup> | 211000 | 211827 |
|  Swedbank AB, 1.54%, 11/16/2026 <sup>(a)</sup> | 213000 | 205730 |
| UBS Group AG | UBS Group AG | UBS Group AG |
| &nbsp;&nbsp; 9.25% to 11/13/2028 then 5 yr. CMT Rate + 4.75%, Perpetual <sup>(a)</sup> | 625000 | 682171 |
| &nbsp;&nbsp; 5.43% to 02/08/2029 then 1 yr. CMT Rate + 1.52%, 02/08/2030 <sup>(a)</sup> | 1701000 | 1746926 |
| &nbsp;&nbsp; 5.62% to 09/13/2029 then 1 yr. SOFR Swap Rate USD + 1.34%, 09/13/2030 <sup>(a)</sup> | 1000000 | 1038378 |
| &nbsp;&nbsp; 3.09% to 05/14/2031 then SOFR + 1.73%, 05/14/2032 <sup>(a)</sup> | 285000 | 258712 |
| &nbsp;&nbsp; 9.25% to 11/13/2033 then 5 yr. CMT Rate + 4.76%, Perpetual <sup>(a)</sup> | 525000 | 607116 |
| &nbsp;&nbsp; 6.30% to 09/22/2033 then 1 yr. CMT Rate + 2.00%, 09/22/2034 <sup>(a)</sup> | 1000000 | 1073950 |
|  WLB Asset II C Pte Ltd., 3.90%, 12/23/2025 <sup>(a)</sup> | 965129 | 942495 |
|  WLB Asset II D Pte Ltd., 6.50%, 12/21/2026 <sup>(a)</sup> | 1000000 | 955673 |
| **Total Financial** | **Total Financial** | **59230591** |
| **INDUSTRIAL - 0.3%** | **INDUSTRIAL - 0.3%** | **INDUSTRIAL - 0.3%** |
|  Amcor Group Finance PLC, 5.45%, 05/23/2029 | 1000000 | 1028190 |
|  BAE Systems PLC, 5.13%, 03/26/2029 <sup>(a)</sup> | 585000 | 599617 |
| Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. |
| &nbsp;&nbsp; 5.20%, 03/30/2035 | 127000 | 128769 |
| &nbsp;&nbsp; 4.70%, 05/01/2048 | 80000 | 70562 |
|  GFL Environmental, Inc., 6.75%, 01/15/2031 <sup>(a)</sup> | 90000 | 94178 |
| Mexico City Airport Trust | Mexico City Airport Trust | Mexico City Airport Trust |
| &nbsp;&nbsp; 4.25%, 10/31/2026 <sup>(a)</sup> | 280000 | 273700 |
| &nbsp;&nbsp; 3.88%, 04/30/2028 <sup>(a)</sup> | 200000 | 193750 |
| &nbsp;&nbsp; 5.50%, 07/31/2047 <sup>(a)</sup> | 650000 | 534625 |
|  nVent Finance Sarl, 2.75%, 11/15/2031 | 290000 | 251866 |
|  Siemens Funding BV, 4.90%, 05/28/2032 <sup>(a)</sup> | 202000 | 205316 |
|  Smurfit Westrock Financing DAC, 5.42%, 01/15/2035 | 1475000 | 1494230 |
|  Tyco Electronics Group SA, 5.00%, 05/09/2035 | 122000 | 121499 |
| Waste Connections, Inc. | Waste Connections, Inc. | Waste Connections, Inc. |
| &nbsp;&nbsp; 2.20%, 01/15/2032 | 221000 | 190671 |
| &nbsp;&nbsp; 5.25%, 09/01/2035 | 49000 | 50098 |
| **Total Industrial** | **Total Industrial** | **5237071** |
| **UTILITIES - 0.5%** | **UTILITIES - 0.5%** | **UTILITIES - 0.5%** |
|  Abu Dhabi National Energy Co. PJSC, 2.00%, 04/29/2028 <sup>(a)</sup> | 200000 | 186599 |
|  Alfa Desarrollo SpA, 4.55%, 09/27/2051 <sup>(a)</sup> | 197609 | 145358 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **FOREIGN CORPORATE BONDS (continued)** |  |  |
| **UTILITIES (continued)** | **UTILITIES (continued)** | **UTILITIES (continued)** |
|  Algonquin Power & Utilities Corp., 5.37%, 06/15/2026 <sup>(c)</sup> | $490000 | $492609 |
|  AltaGas Ltd., 7.20% to 10/15/2034 then 5 yr. CMT Rate + 3.57%, 10/15/2054 <sup>(a)</sup> | 2225000 | 2225492 |
|  California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC, 6.38%, 02/15/2032 <sup>(a)</sup> | 900000 | 901467 |
| Comision Federal de Electricidad | Comision Federal de Electricidad | Comision Federal de Electricidad |
| &nbsp;&nbsp; 4.69%, 05/15/2029 <sup>(a)</sup> | 400000 | 390825 |
| &nbsp;&nbsp; 6.45%, 01/24/2035 <sup>(a)</sup> | 1925000 | 1901019 |
|  Consorcio Transmantaro SA, 4.70%, 04/16/2034 <sup>(a)</sup> | 430000 | 412828 |
|  Enel Finance International NV, 5.13%, 06/26/2029 <sup>(a)</sup> | 1300000 | 1324200 |
|  Engie SA, 5.88%, 04/10/2054 <sup>(a)</sup> | 205000 | 201797 |
|  Eskom Holdings SOC Ltd., 6.35%, 08/10/2028 <sup>(a)</sup> | 200000 | 202000 |
|  Star Energy Geothermal Wayang Windu Ltd., 6.75%, 04/24/2033 <sup>(a)</sup> | 342250 | 347731 |
| **Total Utilities** | **Total Utilities** | **8731925** |
| **TOTAL FOREIGN CORPORATE BONDS** (Cost $104,308,408) | **TOTAL FOREIGN CORPORATE BONDS** (Cost $104,308,408) | **104531031** |
| **MUNICIPAL BONDS - 2.0%** |  |  |
| **ALASKA - 0.1%** |  |  |
|  City of Port Lions AK, 7.50%, 10/01/2052 | 1510000 | **1568236** |
| **ARIZONA - 0.2%** |  |  |
|  Arizona Industrial Development Authority, 3.25%, 07/01/2031 (Obligor: KIPP NYC Public Charter Schools) | 750000 | 679331 |
|  Salt River Project Agricultural Improvement & Power District, 4.84%, 01/01/2041 | 2500000 | 2339600 |
| **Total Arizona** | **Total Arizona** | **3018931** |
| **CALIFORNIA - 0.6%** |  |  |
|  Bay Area Toll Authority, 6.26%, 04/01/2049 | 150000 | 157735 |
|  California Health Facilities Financing Authority, 4.35%, 06/01/2041 | 250000 | 226727 |
| City & County of San Francisco CA | City & County of San Francisco CA | City & County of San Francisco CA |
| &nbsp;&nbsp; 5.77%, 06/15/2045 | 2500000 | 2522570 |
| &nbsp;&nbsp; 5.45%, 06/15/2064 | 1000000 | 956905 |
|  City & County of San Francisco CA Community Facilities District No 2014-1, 3.48%, 09/01/2050 | 1000000 | 711199 |
| City of Los Angeles CA | City of Los Angeles CA | City of Los Angeles CA |
| &nbsp;&nbsp; 3.50%, 09/01/2037 | 315000 | 267972 |
| &nbsp;&nbsp; 4.80%, 09/01/2039 | 1000000 | 945824 |
| &nbsp;&nbsp; 5.00%, 09/01/2042 | 1000000 | 946549 |
|  San Francisco City & County Public Utilities Commission Wastewater Revenue, 4.66%, 10/01/2027 | 1400000 | 1419207 |
|  San Jose Financing Authority, 4.66%, 05/01/2037 | 500000 | 479689 |
|  State of California, 7.35%, 11/01/2039 | 275000 | 319643 |
| **Total California** | **Total California** | **8954020** |
| **CONNECTICUT - 0.0%<sup>(k)</sup>** |  |  |
|  Connecticut Green Bank, 2.90%, 11/15/2035 (Obligor: Connecticut Light & Power Co. (The)) | 1000000 | **863263** |
| **HAWAII - 0.1%** |  |  |
|  City & County of Honolulu HI, 4.79%, 07/01/2032 | 1130000 | 1160594 |
|  State of Hawaii Department of Business Economic Development & Tourism, 3.24%, 01/01/2031 | 737744 | 723644 |
| **Total Hawaii** | **Total Hawaii** | **1884238** |
| **INDIANA - 0.0%<sup>(k)</sup>** |  |  |
|  City of Fort Wayne IN, 10.75%, 12/01/2029 (Obligor: Do Good Foods Fort Wayne Obligated Group) <sup>(b)</sup> | 234358 | 24 |
|  Indiana Finance Authority, 3.05%, 01/01/2051 (Obligor: East End Crossing Partners LLC) | 215000 | 153067 |
| **Total Indiana** | **Total Indiana** | **153091** |
| **MARYLAND - 0.1%** |  |  |
| Maryland Economic Development Corp. | Maryland Economic Development Corp. | Maryland Economic Development Corp. |
| &nbsp;&nbsp; 5.43%, 05/31/2056 | 915000 | 871038 |
| &nbsp;&nbsp; 5.94%, 05/31/2057 (Obligor: University of Maryland) | 1000000 | 991622 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **MUNICIPAL BONDS (continued)** |  |  |
| **MARYLAND (continued)** |  |  |
|  Montgomery County Housing Opportunities Commission, 5.42%, 12/01/2044 | $500000 | $484379 |
| **Total Maryland** | **Total Maryland** | **2347039** |
| **MINNESOTA - 0.1%** |  |  |
|  Minnesota Housing Finance Agency, 5.95%, 08/01/2054 | 750000 | 750502 |
|  University of Minnesota, 4.05%, 04/01/2052 | 380000 | 306166 |
| **Total Minnesota** | **Total Minnesota** | **1056668** |
| **NEW HAMPSHIRE - 0.2%** |  |  |
| New Hampshire Business Finance Authority | New Hampshire Business Finance Authority | New Hampshire Business Finance Authority |
| &nbsp;&nbsp; 4.65%, 02/01/2029 (Obligor: Hanwha Q Cells USA, Inc.) <sup>(a)(d)</sup> | 1750000 | 1750000 |
| &nbsp;&nbsp; 5.69%, 11/01/2045 (Obligor: Abilene Christian University) | 750000 | 723624 |
| **Total New Hampshire** | **Total New Hampshire** | **2473624** |
| **NEW JERSEY - 0.0%<sup>(k)</sup>** |  |  |
|  Morris County Improvement Authority, 1.05%, 06/15/2026 | 200000 | 194283 |
|  New Jersey Turnpike Authority, 7.41%, 01/01/2040 | 300000 | 358513 |
| **Total New Jersey** | **Total New Jersey** | **552796** |
| **NEW YORK - 0.3%** |  |  |
|  City of New York NY, 5.09%, 10/01/2049 | 750000 | 707768 |
|  Freddie Mac Multifamily ML Certificates, 1.51%, 09/25/2037 | 9865000 | 1022587 |
| Freddie Mac Multifamily Variable Rate Certificate | Freddie Mac Multifamily Variable Rate Certificate | Freddie Mac Multifamily Variable Rate Certificate |
| &nbsp;&nbsp; 3.15%, 10/15/2036 | 984430 | 864078 |
| &nbsp;&nbsp; 4.05%, 08/25/2038 | 973323 | 920098 |
|  New York State Energy Research & Development Authority, 6.22%, 04/01/2040 | 600000 | 603722 |
|  United Nations Development Corp., 6.54%, 08/01/2055 | 450000 | 470258 |
| **Total New York** | **Total New York** | **4588511** |
| **OHIO - 0.1%** |  |  |
|  Columbus Metropolitan Housing Authority, 5.05%, 04/01/2030 | 500000 | 498857 |
|  Toledo Lucas County Public Library, 4.75%, 12/01/2033 | 325000 | 328664 |
|  Toledo-Lucas County Port Authority, 5.85%, 11/15/2049 | 1000000 | 962282 |
| **Total Ohio** | **Total Ohio** | **1789803** |
| **OREGON - 0.1%** |  |  |
|  State of Oregon, 5.83%, 05/01/2045 | 1000000 | **1029849** |
| **PENNSYLVANIA - 0.1%** |  |  |
|  Philadelphia Energy Authority (The), 5.39%, 11/01/2025 | 500000 | 501612 |
|  Redevelopment Authority of the City of Philadelphia, 5.23%, 09/01/2040 | 1000000 | 976992 |
| **Total Pennsylvania** | **Total Pennsylvania** | **1478604** |
| **SOUTH DAKOTA - 0.0%<sup>(k)</sup>** |  |  |
|  South Dakota Housing Development Authority, 5.46%, 05/01/2053 | 250000 | **254150** |
| **WISCONSIN - 0.0%<sup>(k)</sup>** |  |  |
|  Public Finance Authority, 5.29%, 07/01/2029 (Obligor: BlueHub Loan Fund, Inc.) | 550000 | **560165** |
| **TOTAL MUNICIPAL BONDS** (Cost $33,542,673) | **TOTAL MUNICIPAL BONDS** (Cost $33,542,673) | **32572988** |
| **FOREIGN GOVERNMENT AGENCIES - 1.6%** |  |  |
| **CANADA - 0.9%** |  |  |
| Export Development Canada | Export Development Canada | Export Development Canada |
| &nbsp;&nbsp; 3.38%, 08/26/2025 | 1000000 | 998211 |
| &nbsp;&nbsp; 3.88%, 02/14/2028 | 1800000 | 1804564 |
| &nbsp;&nbsp; 4.00%, 06/20/2030 | 4075000 | 4121772 |
| &nbsp;&nbsp; 4.75%, 06/05/2034 | 1000000 | 1035899 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **FOREIGN GOVERNMENT AGENCIES (continued)** |  |  |
| **CANADA (continued)** |  |  |
|  Province of British Columbia Canada, 4.20%, 07/06/2033 | $260000 | $255109 |
|  Province of Ontario Canada, 5.05%, 04/24/2034 | 1000000 | 1037013 |
| Province of Quebec Canada | Province of Quebec Canada | Province of Quebec Canada |
| &nbsp;&nbsp; 2.75%, 04/12/2027 | 1000000 | 979944 |
| &nbsp;&nbsp; 1.90%, 04/21/2031 | 1000000 | 885419 |
| &nbsp;&nbsp; 4.50%, 09/08/2033 | 1000000 | 1001095 |
| &nbsp;&nbsp; 4.25%, 09/05/2034 | 2000000 | 1954405 |
| **Total Canada** | **Total Canada** | **14073431** |
| **FRANCE - 0.1%** |  |  |
|  Caisse d'Amortissement de la Dette Sociale, 4.88%, 09/19/2026 <sup>(a)</sup> | 1000000 | **1009998** |
| **GERMANY - 0.1%** |  |  |
|  Landwirtschaftliche Rentenbank, 0.88%, 09/03/2030 | 1000000 | **861441** |
| **HONDURAS - 0.1%** |  |  |
|  Central American Bank for Economic Integration, 4.75%, 01/24/2028 <sup>(a)</sup> | 1000000 | **1016064** |
| **ITALY - 0.0%<sup>(k)</sup>** |  |  |
|  Cassa Depositi e Prestiti SpA, 5.88%, 04/30/2029 <sup>(a)</sup> | 600000 | **627527** |
| **JAPAN - 0.1%** |  |  |
|  Japan Bank for International Cooperation, 4.38%, 10/05/2027 | 1000000 | 1010072 |
|  Japan International Cooperation Agency, 4.25%, 05/22/2030 | 470000 | 473853 |
| **Total Japan** | **Total Japan** | **1483925** |
| **NETHERLANDS - 0.2%** |  |  |
|  BNG Bank NV, 3.50%, 05/19/2028 <sup>(a)</sup> | 1000000 | 991246 |
| Nederlandse Waterschapsbank NV | Nederlandse Waterschapsbank NV | Nederlandse Waterschapsbank NV |
| &nbsp;&nbsp; 4.00%, 06/01/2028 <sup>(a)</sup> | 1500000 | 1506884 |
| &nbsp;&nbsp; 4.38%, 02/28/2029 <sup>(a)</sup> | 1000000 | 1015800 |
| **Total Netherlands** | **Total Netherlands** | **3513930** |
| **SAUDI ARABIA - 0.1%** |  |  |
| Arab Energy Fund | Arab Energy Fund | Arab Energy Fund |
| &nbsp;&nbsp; 1.48%, 10/06/2026 <sup>(a)</sup> | 1200000 | 1155744 |
| &nbsp;&nbsp; 5.43%, 05/02/2029 <sup>(a)</sup> | 1000000 | 1027800 |
| **Total Saudi Arabia** | **Total Saudi Arabia** | **2183544** |
| **SOUTH KOREA - 0.0%<sup>(k)</sup>** |  |  |
| Korea National Oil Corp. | Korea National Oil Corp. | Korea National Oil Corp. |
| &nbsp;&nbsp; 4.75%, 04/03/2026 <sup>(a)</sup> | 200000 | 200549 |
| &nbsp;&nbsp; 4.88%, 04/03/2028 <sup>(a)</sup> | 205000 | 207888 |
| **Total South Korea** | **Total South Korea** | **408437** |
| **TOTAL FOREIGN GOVERNMENT AGENCIES** (Cost $25,243,228) | **TOTAL FOREIGN GOVERNMENT AGENCIES** (Cost $25,243,228) | **25178297** |
| **SUPRANATIONAL BONDS - 0.9%** |  |  |
| African Development Bank | African Development Bank | African Development Bank |
| &nbsp;&nbsp; 4.13%, 02/25/2027 | 1000000 | 1004025 |
| &nbsp;&nbsp; 3.50%, 09/18/2029 | 1000000 | 987383 |
|  Asian Development Bank, 3.13%, 09/26/2028 | 1500000 | 1470785 |
|  Asian Infrastructure Investment Bank (The), 4.88%, 09/14/2026 | 1000000 | 1010701 |
|  Corp. Andina de Fomento, 5.00%, 01/24/2029 | 365000 | 374450 |
| European Investment Bank | European Investment Bank | European Investment Bank |
| &nbsp;&nbsp; 2.38%, 05/24/2027 | 1000000 | 974071 |
| &nbsp;&nbsp; 0.63%, 10/21/2027 | 700000 | 652386 |
| &nbsp;&nbsp; 3.25%, 11/15/2027 | 1110000 | 1097947 |
| &nbsp;&nbsp; 0.75%, 09/23/2030 | 1000000 | 854057 |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **SUPRANATIONAL BONDS (continued)** |  |  |
|  Inter-American Development Bank, 1.13%, 07/20/2028 | $383000 | $354030 |
| International Bank for Reconstruction & Development | International Bank for Reconstruction & Development | International Bank for Reconstruction & Development |
| &nbsp;&nbsp; 0.00%, 03/31/2027 <sup>(g)</sup> | 1000000 | 930695 |
| &nbsp;&nbsp; 0.75%, 11/24/2027 | 345000 | 321416 |
| &nbsp;&nbsp; 0.00% (N/A), 03/31/2028 <sup>(d)(g)</sup> | 1000000 | 981523 |
|  International Finance Facility for Immunisation Co., 1.00%, 04/21/2026 <sup>(o)</sup> | 1000000 | 974655 |
|  Kreditanstalt fuer Wiederaufbau, 0.75%, 09/30/2030 | 1000000 | 854309 |
|  OPEC Fund for International Development (The), 4.50%, 01/26/2026 <sup>(a)</sup> | 1000000 | 1000074 |
| **TOTAL SUPRANATIONAL BONDS** (Cost $14,178,234) | **TOTAL SUPRANATIONAL BONDS** (Cost $14,178,234) | **13842507** |
| **FOREIGN GOVERNMENT OBLIGATIONS - 0.7%** |  |  |
| **BERMUDA - 0.0%<sup>(k)</sup>** |  |  |
|  Bermuda Government International Bond, 2.38%, 08/20/2030 <sup>(a)</sup> | 200000 | **177460** |
| **CANADA - 0.1%** |  |  |
|  Canada Government International Bond, 4.00%, 03/18/2030 | 1000000 | **1007661** |
| **COLOMBIA - 0.1%** |  |  |
|  Colombia Government International Bond, 8.75%, 11/14/2053 | 1000000 | **989100** |
| **HUNGARY - 0.0%<sup>(k)</sup>** |  |  |
|  Hungary Government International Bond, 5.38%, 09/26/2030 <sup>(a)</sup> | 460000 | **464134** |
| **INDONESIA - 0.1%** |  |  |
| Indonesia Government International Bond | Indonesia Government International Bond | Indonesia Government International Bond |
| &nbsp;&nbsp; 3.50%, 01/11/2028 | 280000 | 276020 |
| &nbsp;&nbsp; 5.60%, 01/15/2035 | 1090000 | 1137679 |
| **Total Indonesia** | **Total Indonesia** | **1413699** |
| **ISRAEL - 0.1%** |  |  |
|  Israel Government International Bond, 5.38%, 02/19/2030 | 917000 | **934495** |
| **ITALY - 0.1%** |  |  |
| Republic of Italy Government International Bond | Republic of Italy Government International Bond | Republic of Italy Government International Bond |
| &nbsp;&nbsp; 4.00%, 10/17/2049 | 1000000 | 728515 |
| &nbsp;&nbsp; 3.88%, 05/06/2051 | 200000 | 137030 |
| **Total Italy** | **Total Italy** | **865545** |
| **MEXICO - 0.1%** |  |  |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| &nbsp;&nbsp; 6.00%, 05/07/2036 | 461000 | 454961 |
| &nbsp;&nbsp; 6.88%, 05/13/2037 | 933000 | 972466 |
| &nbsp;&nbsp; 6.63%, 01/29/2038 | 200000 | 203000 |
| &nbsp;&nbsp; 4.28%, 08/14/2041 | 260000 | 199238 |
| **Total Mexico** | **Total Mexico** | **1829665** |
| **OMAN - 0.0%<sup>(k)</sup>** |  |  |
|  Oman Government International Bond, 4.75%, 06/15/2026 <sup>(a)</sup> | 815000 | **812697** |
| **PANAMA - 0.0%<sup>(k)</sup>** |  |  |
|  Panama Government International Bond, 6.70%, 01/26/2036 | 100000 | **99314** |
| **PERU - 0.0%<sup>(k)</sup>** |  |  |
|  Peruvian Government International Bond, 2.78%, 01/23/2031 | 107000 | **95754** |
| **POLAND - 0.0%<sup>(k)</sup>** |  |  |
|  Republic of Poland Government International Bond, 5.38%, 02/12/2035 | 715000 | **728005** |
| **SAUDI ARABIA - 0.0%<sup>(k)</sup>** |  |  |
|  Saudi Government International Bond, 5.13%, 01/13/2028 <sup>(a)</sup> | 755000 | **766827** |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Investments** | **Principal Amount** | **Value** |
| **FOREIGN GOVERNMENT OBLIGATIONS (continued)** |  |  |
| **SERBIA - 0.1%** |  |  |
| Serbia International Bond | Serbia International Bond | Serbia International Bond |
| &nbsp;&nbsp; 2.13%, 12/01/2030 <sup>(a)</sup> | $370000 | $312095 |
| &nbsp;&nbsp; 6.00%, 06/12/2034 <sup>(a)</sup> | 1170000 | 1179484 |
| **Total Serbia** | **Total Serbia** | **1491579** |
| **TOTAL FOREIGN GOVERNMENT OBLIGATIONS** (Cost $11,798,054) | **TOTAL FOREIGN GOVERNMENT OBLIGATIONS** (Cost $11,798,054) | **11675935** |
| **BANK LOANS - 0.1%** |  |  |
| **INDUSTRIAL - 0.1%** | **INDUSTRIAL - 0.1%** | **INDUSTRIAL - 0.1%** |
|  LTR Intermediate Holdings, Inc., 8.94% (1 mo. Term SOFR + 4.50%), 05/08/2028 | 967337 | **932677** |
| **UTILITIES - 0.0%<sup>(k)</sup>** | **UTILITIES - 0.0%<sup>(k)</sup>** | **UTILITIES - 0.0%<sup>(k)</sup>** |
|  Constellation Renewables LLC, Senior Secured First Lien, 6.84% (3 mo. SOFR US + 2.25%), 12/15/2027 | 795593 | **797581** |
| **TOTAL BANK LOANS** (Cost $1,753,949) | **TOTAL BANK LOANS** (Cost $1,753,949) | **1730258** |
| **Investments** | **Shares** | **Value** |
| **EXCHANGE-TRADED FUNDS - 16.1%** |  |  |
| iShares 10-20 Year Treasury Bond ETF | 800028 | $81282845 |
| iShares Core U.S. Aggregate Bond ETF | 1795751 | 178138499 |
| **TOTAL EXCHANGE-TRADED FUNDS** (Cost $257,039,522) | **TOTAL EXCHANGE-TRADED FUNDS** (Cost $257,039,522) | **259421344** |
| **PREFERRED STOCKS - 0.1%** |  |  |
| **FINANCIAL - 0.1%** | **FINANCIAL - 0.1%** |  |
|  Gladstone Investment Corp., 4.88%, 11/01/2028 (Cost $1,830,000) | 73200 | **1677744** |
| **COMMON STOCKS - 0.0%<sup>(k)</sup>** |  |  |
| **DIVERSFIED FINANCIAL SERVICES - 0.0%<sup>(k)</sup>** | **DIVERSFIED FINANCIAL SERVICES - 0.0%<sup>(k)</sup>** |  |
| Bruin Blocker LLC <sup>(l)</sup> (Cost $3,930) | 4367 | **0** |
| **SHORT-TERM INVESTMENTS - 0.8%** |  |  |
| BlackRock Liquidity FedFund - Institutional Class, 4.22% <sup>(m)</sup> (Cost $13,034,543) | 13034543 | **13034543** |
| **TOTAL INVESTMENTS - 99.3% (**Cost $1,620,724,376**)** | **TOTAL INVESTMENTS - 99.3% (**Cost $1,620,724,376**)** | $**1597793787** |
| **OTHER ASSETS AND LIABILITIES, NET - 0.7%** | **OTHER ASSETS AND LIABILITIES, NET - 0.7%** | **10773786** |
| **NET ASSETS - 100.0%** |  | $**1608567573** |
| two | two | –% |

---

---

| | |
|:---|:---|
| (a) | *Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of June 30, 2025, the value of these securities total $429,115,082 or 26.7% of the Fund's net assets.* |
| (b) | *Issuer is currently in default.* |
| (c) | *Step coupon bond. Coupon rate increases or decreases in increments to maturity. Rate shown as of June 30, 2025. Maturity date shown is the final maturity.* |
| (d) | *Adjustable or floating rate security. Rate shown reflects rate in effect at period-end. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.* |
| (e) | *Securities referencing LIBOR are expected to transition to an alternative reference rate by the security's next scheduled coupon reset date.* |
| (f) | *Interest only security.* |
| (g) | *Zero coupon bonds make no periodic interest payments.* |
| (h) | *Principal only security.* |
| (i) | *This security accrues interest which is added to the outstanding principal balance. The interest payment will be deferred until all other tranches in the structure are paid off. The rate disclosed is as of June 30, 2025.* |
| (j) | *Inverse floating rate security whose interest rate moves in the opposite direction of reference interest rates. Reference interest rates are typically based on a negative multiplier or slope. Interest rate may also be subject to a cap or floor.* |
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (continued)** | **Schedule of Investments (unaudited) (continued)** |
| **June 30, 2025** | **June 30, 2025** |
| (k) | *Represents less than 0.05% of net assets.* |
| (l) | *Non-income producing security.* |
| (m) | *The rate shown represents the 7-day annualized effective yield as of June 30, 2025.* |
| (n) | *A portion of this security is pledged as collateral for open derivatives positions. At June 30, 2025, the value of these securities was $2,567,017, representing 0.2% of net assets.* |
| (o) | *Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption registration. The security has been deemed liquid under guidelines approved by the Fund's Board of Trustees. At June 30, 2025, the value of these securities was $2,716,861, representing 0.2 % of net assets.* |
| *AMERIBOR* | *American Interbank Offered Rate* |
| *ASA* | *Advanced Subscription Agreement* |
| *CLO* | *Collateralized Loan Obligation* |
| *CMT* | *Constant Maturity Treasury Rate* |
| *ETF* | *Exchange-Traded Fund* |
| *LIBOR* | *London Interbank Offered Rate* |
| *REIT* | *Real Estate Investment Trust* |
| *SOFR* | *Secured Overnight Financing Rate* |
| *STRIP* | *Separate Trading of Registered Interest and Principal* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Future contracts open at June 30, 2025:** | **Future contracts open at June 30, 2025:** | **Future contracts open at June 30, 2025:** | **Future contracts open at June 30, 2025:** | **Future contracts open at June 30, 2025:** | **Future contracts open at June 30, 2025:** |
| **Description** | **Type** | **Contracts** | **Expiration Date** | **Notional Amount** | **Total Unrealized Appreciation (Depreciation)** |
| **CONTRACTS PURCHASED - 5.3%** |  | |  | | |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Ultra 10 Year Notes | Long | 113000 | 09/19/2025 | $12912016 | $197893 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 10 Year Notes | Long | 96000 | 09/19/2025 | 10764000 | 195906 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 2 Year Notes | Long | 234000 | 09/30/2025 | 24338742 | 94124 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 5 Year Notes | Long | 101000 | 09/30/2025 | 11009000 | 77396 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Long Bonds | Long | 180000 | 09/19/2025 | 20784375 | 614262 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Ultra Bonds | Long | 52000 | 09/19/2025 | 6194500 | 234777 |
|  |  |  |  | $86002633 | $1414358 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Swap contracts open at June 30, 2025:** | **Swap contracts open at June 30, 2025:** | **Swap contracts open at June 30, 2025:** | **Swap contracts open at June 30, 2025:** | **Swap contracts open at June 30, 2025:** | **Swap contracts open at June 30, 2025:** | **Swap contracts open at June 30, 2025:** | **Swap contracts open at June 30, 2025:** | **Swap contracts open at June 30, 2025:** |
| **Centrally Cleared Credit Default Swap Agreements** | **Centrally Cleared Credit Default Swap Agreements** | **Centrally Cleared Credit Default Swap Agreements** | **Centrally Cleared Credit Default Swap Agreements** | **Centrally Cleared Credit Default Swap Agreements** | **Centrally Cleared Credit Default Swap Agreements** | **Centrally Cleared Credit Default Swap Agreements** | **Centrally Cleared Credit Default Swap Agreements** | **Centrally Cleared Credit Default Swap Agreements** |
| **Reference Obligations/Index** | **Financing Rate** <br> **Received (Paid) <br> by the Fund** | **Payment** <br> **Frequency** | **Credit Spread** <br> **at June 30, 2025 (basis points)** | **Termination Date** | **Notional** <br> **Amount (000s)** | **Value** | **Upfront Premiums** <br> **Paid (Received)** | **Unrealized** <br> **Appreciation** <br> (Depreciation) |
| CDX.NA.IG.44.V1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00% | Quarterly | 45.351 | 06/20/2030 | $3413 | $(75274) | $(53109) | $(22165) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Interest Rate Swap Agreements** | **Centrally Cleared Interest Rate Swap Agreements** | **Centrally Cleared Interest Rate Swap Agreements** | **Centrally Cleared Interest Rate Swap Agreements** | **Centrally Cleared Interest Rate Swap Agreements** | **Centrally Cleared Interest Rate Swap Agreements** | **Centrally Cleared Interest Rate Swap Agreements** |
| **Payments Made by the Fund** | **Payment** <br> **Frequency** | **Termination Date** | **Notional** <br> **Amount (000s)** | **Value** | **Upfront Premiums** <br> **Paid (Received)** | **Unrealized** <br> **Appreciation**<br> (Depreciation) |
| 4.699%<br> 12M SOFR<sup>(a)</sup> | Monthly | 09/25/2026 | $515 | $(5815) | $39 | $(5854) |
| (a) The current rate shown as of June 25, 2025 was 4.36%. | (a) The current rate shown as of June 25, 2025 was 4.36%. | (a) The current rate shown as of June 25, 2025 was 4.36%. | (a) The current rate shown as of June 25, 2025 was 4.36%. | (a) The current rate shown as of June 25, 2025 was 4.36%. | (a) The current rate shown as of June 25, 2025 was 4.36%. | (a) The current rate shown as of June 25, 2025 was 4.36%. |

---

------

---

| |
|:---|
| **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments (unaudited) (concluded)** |
| **June 30, 2025** |

---

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Corporate Bonds | $– | $335110541 | $– | $335110541 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agencies | – | 280972867 | – | 280972867 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 230223613 | – | 230223613 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage-Backed Securities | – | 156745764 | – | 156745764 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Obligations | – | 131076355 | – | 131076355 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Foreign Corporate Bonds | – | 104531031 | – | 104531031 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Municipal Bonds | – | 32572988 | – | 32572988 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Foreign Government Agencies | – | 25178297 | – | 25178297 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Supranational Bonds | – | 13842507 | – | 13842507 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Foreign Government Obligations | – | 11675935 | – | 11675935 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 1730258 | – | 1730258 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange-Traded Funds | 259421344 | – | – | 259421344 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 1677744 | – | – | 1677744 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | – | –<br> <sup>(a)</sup>  | – | – |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 13034543 | – | – | 13034543 |
| **Total Investments**\* | $274133631 | $1323660156 | $– | $1597793787 |
| **Other Financial Instruments\*\*:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts. | 1414358 | – | – | 1414358 |
| **Total - Other Financial Instruments** | $1414358 | $– | $– | $1414358 |
| **Liabilities:** |  |  |  |  |
| Other Financial Instruments\*\*: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit Default Swap Agreements | – | (22165) | – | (22165) |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest Rate Swap Agreements | – | (5854) | – | (5854) |
| **Total - Other Financial Instruments** | $– | $(28019) | $– | $(28019) |
| *\* See Schedule of Investments for additional detailed categorizations.* | *\* See Schedule of Investments for additional detailed categorizations.* | *\* See Schedule of Investments for additional detailed categorizations.* | *\* See Schedule of Investments for additional detailed categorizations.* | *\* See Schedule of Investments for additional detailed categorizations.* |
| *\*\* Futures Contracts and Swap Contracts are valued at the unrealized appreciation (depreciation) of the instrument.* | *\*\* Futures Contracts and Swap Contracts are valued at the unrealized appreciation (depreciation) of the instrument.* | *\*\* Futures Contracts and Swap Contracts are valued at the unrealized appreciation (depreciation) of the instrument.* | *\*\* Futures Contracts and Swap Contracts are valued at the unrealized appreciation (depreciation) of the instrument.* | *\*\* Futures Contracts and Swap Contracts are valued at the unrealized appreciation (depreciation) of the instrument.* |
| (a) | Amount is less than $0.50. | Amount is less than $0.50. | Amount is less than $0.50. |  |

---

------

#### PFM Multi-Manager Series Trust

#### Notes to Schedule of Investments (unaudited)

#### June 30, 2025

#### Organization
PFM Multi-Manager Series Trust (Trust) was organized as a Delaware statutory trust on December 21, 2016, and is registered under the Investment Company Act of 1940, as amended (1940 Act), as an open-end management investment company. The Trust offers the following series: First American Multi-Manager Domestic Equity Fund (Domestic Equity Fund), First American Multi-Manager International Equity Fund (International Equity Fund) and First American Multi-Manager Fixed-Income Fund (Fixed-Income Fund) (each a Fund and, collectively, the Funds). Each Fund consists of Institutional Class, Advisor Class and Class R shares. As of June 30, 2025, only the Institutional Class has commenced operations. The Funds are diversified for the purposes of the 1940 Act.

The Domestic Equity Fund seeks to provide long-term capital appreciation. The International Equity Fund seeks to provide long-term capital appreciation. The Fixed-Income Fund seeks to maximize total return (capital appreciation and income) consistent with reasonable risk.

#### Investment Valuation
The Funds value their assets and liabilities at fair value using a fair value hierarchy consisting of three broad levels that prioritize the inputs to valuation techniques giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements) when market prices are not readily available or reliable. The categorization of a value determined for an investment within the hierarchy is based upon the pricing transparency of the investment and is not necessarily an indication of the risk associated with investing in it.

The three levels of the fair value hierarchy are as follows:

---

| | |
|:---|:---|
| **Level 1** – | Quoted prices in active markets for identical assets or liabilities. |

---

---

| | |
|:---|:---|
| **Level 2** – | Inputs, other than quoted prices included in Level 1, that are observable either directly or indirectly,<br> including quoted prices for similar investments based on interest rates, credit risk and like factors.<br> Securities traded primarily in non-U.S. markets which are fair valued are generally categorized as Level 2<br> in the hierarchy. |

---

---

| | |
|:---|:---|
| **Level 3** – | Inputs that are unobservable and significant to the entire fair value measurement, including the Fund's own<br> assumptions for determining fair value. |

---

The value of each Fund's investments according to the fair value hierarchy as of June 30, 2025, is disclosed in each Fund's respective Schedule of Investments.

The Funds' investments in financial instruments are carried at fair value daily. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Funds calculate the net asset value (NAV) per share as of 4:00 p.m. Eastern time each day the New York Stock Exchange (NYSE) is open for trading. Under compliance policies and procedures approved by the Trust's Board of Trustees (Board), the Board has designated the Adviser, U.S. Bancorp Asset Management, Inc. (USBAM or, the Adviser), as the Funds' valuation designee under Rule 2a-5 of the 1940 Act and as such the Adviser performs day-to-day valuation of investments held by the Funds, subject to oversight of the Board. The Adviser has established a Valuation Committee (VC) to serve as its formal oversight body for the valuation of each Fund's portfolio holdings in accordance with policies and procedures adopted by the Board. The VC provides administration and oversight of the Funds' valuation policy and the Adviser's valuation procedures. Among other things, these procedures allow the Adviser to utilize independent pricing services, quotations from securities and financial instrument dealers, and other market sources to determine fair value. Portfolio securities that are primarily traded on a foreign securities exchange are generally valued at the U.S. dollar equivalent of the preceding closing values for the securities on their exchanges. If an investment is valued in a currency other than U.S. dollars, its value shall be converted into U.S. dollars at the mean of the last available bid and offer prices of such currencies against U.S. dollars quoted on a valuation date by any recognized dealer. In determining whether market quotations are reliable or readily available, various factors are taken into consideration, such as market closures or suspension of trading in a security. The Adviser may use fair value pricing more frequently for securities traded primarily in non-U.S. markets because, among other things, most foreign markets close well before the Funds value their securities, generally as of 4:00 p.m. Eastern time. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, government actions or pronouncements, after-market trading, or news events may have occurred in the interim. To account for this, the Adviser may value foreign securities using fair value prices based on third-party vendor modeling tools.

#### Equity Securities
Equity securities, including restricted securities and preferred stocks, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third-party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy. Rights and warrants are valued at the last reported sale price obtained from independent pricing services or brokers on the valuation date. If no price is obtained from pricing services or brokers, valuation will be based upon the intrinsic value pursuant to the valuation policy and procedures approved by the Board.

Investments in open-end mutual funds are valued at their closing NAV each business day and are categorized as Level 1 in the hierarchy.

#### Debt Securities
Debt securities, including restricted securities, are valued based on evaluated prices received from third-party pricing vendors or from brokers who make markets in such securities. Corporate bonds, foreign government and government agency obligations, municipal securities and U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. Asset backed securities, collateralized mortgage obligations and U.S. government agency mortgage securities are valued by pricing vendors who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third-party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

#### Futures Contracts
The Funds use exchange-traded futures contracts to a limited extent with the objective of using uninvested cash to gain exposure to certain equity and fixed income markets, maintain liquidity, and minimize transaction costs. Futures contracts are valued at their quoted daily settlement prices and are categorized as Level 1 in the hierarchy. Fluctuations in the value of the contracts are recorded as an asset (liability).

Upon entering into a futures contract, a Fund deposits and maintains as collateral such initial margin as required by the exchange on which the transaction is affected. Pursuant to the contract, the Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in value of the contract. Such receipts or payments are known as variation margin and are recorded by the Fund as unrealized appreciation or depreciation. When the contract is closed, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

#### Forward Foreign Currency Exchange Contracts

The Funds use forward foreign currency exchange contracts to a limited extent with the objective of hedging against adverse movements in the foreign currencies in which portfolio securities are denominated. Forward foreign currency exchange contracts are marked-to-market daily using third-party pricing vendors who utilize matrix pricing which considers the terms of the contract, including notional amount and contract maturity, and other inputs including currency exchange rates, or counterparty-supplied prices. When independent prices are unavailable or unreliable, forward foreign currency exchange contracts may be valued utilizing pricing methodologies which consider similar factors that would be used by third-party vendors. Changes in value, if any, are recorded as unrealized appreciation or depreciation until the contract is exercised or expires. A Fund will realize a gain or loss when the forward foreign currency exchange contract is closed or expires. Foreign currency exchange contracts are generally categorized as Level 2 in the hierarchy.

#### Swap Contracts
Swap contracts are marked-to-market daily using third-party pricing vendor quotations, or counterparty or clearinghouse prices, and the change in value, if any, is recorded as an unrealized gain or loss. Interest rate swaps are valued by pricing vendors who utilize matrix pricing which considers a discounted cash flow model based on the terms of the contract, including the notional amount and contract maturity, and multiple inputs, including, where applicable, yield curves, prepayment rates, and currency exchange rates, or by counterparty or clearinghouse-supplied prices. Interest rate swaps are generally categorized in Level 2 of the fair value hierarchy. Credit default swaps are valued by pricing vendors who utilize matrix pricing which considers the terms of the contract, including the notional amount and contract maturity, and multiple inputs including yield curves, recovery rates, and credit spreads, or by counterparty or clearinghouse-supplied prices. Credit default swaps are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Upon entering into a swap contract, the Fund is required to satisfy an initial margin requirement by delivering cash or securities to the counterparty, or in some cases, segregated in a triparty account on behalf of the counterparty, which can be adjusted by any mark-to-market gains or losses pursuant to the contract. For centrally cleared swaps, the daily change in valuation, if any, is recorded as a receivable or payable for variation margin.

For additional information on the Funds' policy regarding valuation of investments and other significant accounting policies, please refer to the Funds' most recent semi-annual or annual shareholder report.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PFM Multi-Manager Series Trust

- **b. Investment Company Act file number:** 811-23282

- **c. CIK number of Registrant:** 0001696729

- **d. LEI of Registrant:** 549300DFOM6D3CO0F144

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

  - **Street Address 1:** 213 Market Street

  - **City:** Harrisburg

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 17101

  - **Telephone number:** 1-800-527-5412

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

- **a. Name of Series:** First American Multi-Manager Domestic Equity Fund

- **b. EDGAR series identifier (if any):** S000059561

- **c. LEI of Series:** 549300YLZRKHY9I4UY49

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1123533969.44

**Total Liabilities:** $666352.55

**Net Assets:** $1122867616.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000195098 | -0.98%               | 6.33%                | 5.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-35635.78               | $-10571449.92                              |
| Month 2  | $12160212.79             | $57645145.97                               |
| Month 3  | $1166595.00              | $52955776.09                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Atea Pharmaceuticals Inc       | Atea Pharmaceuticals Inc                   | CUSIP: 04683R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5470 | NS      | $19692.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BCB Bancorp Inc                | BCB Bancorp Inc                            | CUSIP: 055298103<br>LEI: 54930024V6Z8FYSN4291 | Long             | EC               | CORP              | US        |       819 | NS      | $6895.98      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc         | Berkshire Hathaway Inc                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      4457 | NS      | $2165076.89   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Inc                      | Calix Inc                                  | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |      6243 | NS      | $332065.17    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Caris Life Sciences Inc        | Caris Life Sciences Inc                    | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Long             | EC               | CORP              | US        |       824 | NS      | $22017.28     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc               | CoStar Group Inc                           | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |      2201 | NS      | $176960.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc      | DigitalOcean Holdings Inc                  | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |     17577 | NS      | $501999.12    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Donegal Group Inc              | Donegal Group Inc                          | CUSIP: 257701201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3343 | NS      | $66943.58     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc          | DuPont de Nemours Inc                      | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |      4040 | NS      | $277103.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                       | eBay Inc                                   | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      4401 | NS      | $327698.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                       | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     15597 | NS      | $676129.95    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| iHeartMedia Inc                | iHeartMedia Inc                            | CUSIP: 45174J509<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       925 | NS      | $1628.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Outdoors Inc           | Johnson Outdoors Inc                       | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1102 | NS      | $33357.54     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                  | Maplebear Inc                              | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9645 | NS      | $436339.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                | Match Group Inc                            | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      1893 | NS      | $58474.77     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mayville Engineering Co Inc    | Mayville Engineering Co Inc                | CUSIP: 578605107<br>LEI: 9845008D43E42A7FC362 | Long             | EC               | CORP              | US        |      2597 | NS      | $41448.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      2201 | NS      | $643066.17    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp           | Mercury General Corp                       | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |       738 | NS      | $49696.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Midland States Bancorp Inc     | Midland States Bancorp Inc                 | CUSIP: 597742105<br>LEI: 5493006RHXW9TTBWYC94 | Long             | EC               | CORP              | US        |      2029 | NS      | $35142.28     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Miller Industries Inc/TN       | Miller Industries Inc/TN                   | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |      2182 | NS      | $97011.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BARK Inc                       | BARK Inc                                   | CUSIP: 68622E104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14126 | NS      | $12423.82     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spok Holdings Inc              | Spok Holdings Inc                          | CUSIP: 84863T106<br>LEI: 549300HXXANIVN2ICC89 | Long             | EC               | CORP              | US        |      2539 | NS      | $44889.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stitch Fix Inc                 | Stitch Fix Inc                             | CUSIP: 860897107<br>LEI: 549300TNHOVBOJZIYE72 | Long             | EC               | CORP              | US        |     46388 | NS      | $171635.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp          | Tenet Healthcare Corp                      | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      3062 | NS      | $538912.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc               | A10 Networks Inc                           | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     10685 | NS      | $206754.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp  | Adaptive Biotechnologies Corp              | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |    100019 | NS      | $1165221.35   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co            | General Electric Co                        | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      4500 | NS      | $1158255.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gossamer Bio Inc               | Gossamer Bio Inc                           | CUSIP: 38341P102<br>LEI: 549300ZOC0N2W6PSFR58 | Long             | EC               | CORP              | US        |     24100 | NS      | $29643.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc          | Triumph Financial Inc                      | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |      1450 | NS      | $79909.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambarella Inc                  | Ambarella Inc                              | CUSIP: N/A<br>LEI: 254900XN7F4DG0CEKC02       | Long             | EC               | CORP              | US        |     10191 | NS      | $673268.42    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc             | Aviat Networks Inc                         | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |      3370 | NS      | $81048.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                | Bio-Techne Corp                            | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     34778 | NS      | $1789328.10   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co               | Boise Cascade Co                           | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |      2776 | NS      | $241012.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co        | Central Garden & Pet Co                    | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |      1456 | NS      | $45558.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| eXp World Holdings Inc         | eXp World Holdings Inc                     | CUSIP: 30212W100<br>LEI: 549300TWVVZC283VEC32 | Long             | EC               | CORP              | US        |     21096 | NS      | $191973.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Figs Inc                       | Figs Inc                                   | CUSIP: 30260D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24081 | NS      | $135816.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp            | Fifth Third Bancorp                        | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      6752 | NS      | $277709.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc     | Floor & Decor Holdings Inc                 | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |       595 | NS      | $45196.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Funko Inc                      | Funko Inc                                  | CUSIP: 361008105<br>LEI: 529900NG9F0KL5P6NK67 | Long             | EC               | CORP              | US        |     15132 | NS      | $72028.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co              | General Motors Co                          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     31181 | NS      | $1534417.01   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Genesco Inc                    | Genesco Inc                                | CUSIP: 371532102<br>LEI: 549300VY2Q511P1K5P56 | Long             | EC               | CORP              | US        |      3185 | NS      | $62712.65     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                 | Globe Life Inc                             | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      2243 | NS      | $278782.47    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The    | Goldman Sachs Group Inc/The                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2774 | NS      | $1963298.50   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co             | Graham Holdings Co                         | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |       192 | NS      | $181664.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc             | HCA Healthcare Inc                         | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       670 | NS      | $256677.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc        | Lululemon Athletica Inc                    | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |       799 | NS      | $189826.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ON24 Inc                       | ON24 Inc                                   | CUSIP: 68339B104<br>LEI: 254900S6S9YKYTO9Q964 | Long             | EC               | CORP              | US        |      1735 | NS      | $9421.05      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Group Holdings Inc       | Orion Group Holdings Inc                   | CUSIP: 68628V308<br>LEI: 549300KBVXPV9Q3CT222 | Long             | EC               | CORP              | US        |      5734 | NS      | $52007.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical Inc           | Orthofix Medical Inc                       | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5924 | NS      | $66052.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Perimeter Solutions Inc        | Perimeter Solutions Inc                    | CUSIP: 71385M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18749 | NS      | $260986.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      5549 | NS      | $884066.68    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Rackspace Technology Inc       | Rackspace Technology Inc                   | CUSIP: 750102105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11155 | NS      | $14278.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Resources Connection Inc       | Resources Connection Inc                   | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7331 | NS      | $39367.47     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ATN International Inc          | ATN International Inc                      | CUSIP: 00215F107<br>LEI: 54930013NP7VEU877V56 | Long             | EC               | CORP              | US        |       420 | NS      | $6825.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alector Inc                    | Alector Inc                                | CUSIP: 014442107<br>LEI: 549300Z8RQOIY1JMHC25 | Long             | EC               | CORP              | US        |     12427 | NS      | $17397.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     20695 | NS      | $3671086.05   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc   | Apollo Global Management Inc               | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     11400 | NS      | $1617318.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanticus Holdings Corp       | Atlanticus Holdings Corp                   | CUSIP: 04914Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1311 | NS      | $71777.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Avita Medical Inc              | Avita Medical Inc                          | CUSIP: 05380C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1700 | NS      | $8993.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     12957 | NS      | $9563432.13   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                  | MYR Group Inc                              | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      4620 | NS      | $838299.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     31884 | NS      | $15859420.44  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Mistras Group Inc              | Mistras Group Inc                          | CUSIP: 60649T107<br>LEI: 5493000CMNXVLND3FU73 | Long             | EC               | CORP              | US        |      1798 | NS      | $14401.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Virco Mfg. Corp                | Virco Mfg. Corp                            | CUSIP: 927651109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1547 | NS      | $12345.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      7734 | NS      | $2745956.70   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CRA International Inc          | CRA International Inc                      | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       225 | NS      | $42158.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp/WA      | Coastal Financial Corp/WA                  | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |       819 | NS      | $79336.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Inc                    | Compass Inc                                | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |     52770 | NS      | $331395.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Conduent Inc                   | Conduent Inc                               | CUSIP: 206787103<br>LEI: 549300SFJ2D2CYY6CQ11 | Long             | EC               | CORP              | US        |     26285 | NS      | $69392.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      1343 | NS      | $433466.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                       | Dana Inc                                   | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     31374 | NS      | $538064.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc  | Hilton Worldwide Holdings Inc              | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      2774 | NS      | $738827.16    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Integral Ad Science Holding Co | Integral Ad Science Holding Corp           | CUSIP: 45828L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21627 | NS      | $179720.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                            | International Business Machines Corp       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      2488 | NS      | $733412.64    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| InvenTrust Properties Corp     | InvenTrust Properties Corp                 | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |      5935 | NS      | $162619.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ironwood Pharmaceuticals Inc   | Ironwood Pharmaceuticals Inc               | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Long             | EC               | CORP              | US        |     10383 | NS      | $7446.69      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JetBlue Airways Corp           | JetBlue Airways Corp                       | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |     92888 | NS      | $392916.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kelly Services Inc             | Kelly Services Inc                         | CUSIP: 488152208<br>LEI: 25490035B2ZPL6RM1974 | Long             | EC               | CORP              | US        |      8933 | NS      | $104605.43    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc           | Koppers Holdings Inc                       | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1092 | NS      | $35107.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                     | Korn Ferry                                 | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |      9083 | NS      | $666056.39    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Marqeta Inc                    | Marqeta Inc                                | CUSIP: 57142B104<br>LEI: 254900UZARK0FMZGZE18 | Long             | EC               | CORP              | US        |    116533 | NS      | $679387.39    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaAlpha Inc                 | MediaAlpha Inc                             | CUSIP: 58450V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10123 | NS      | $110846.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| National Beverage Corp         | National Beverage Corp                     | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               | CORP              | US        |      3567 | NS      | $154237.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                         | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     27885 | NS      | $1935776.70   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Networks Inc               | AMC Networks Inc                           | CUSIP: 00164V103<br>LEI: 549300VGG9K75226LR46 | Long             | EC               | CORP              | US        |     13054 | NS      | $81848.58     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     26296 | NS      | $4634144.08   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     45226 | NS      | $9922132.14   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| American Axle & Manufacturing  | American Axle & Manufacturing Holdings Inc | CUSIP: 024061103<br>LEI: 254900SMQY98VFKNCC32 | Long             | EC               | CORP              | US        |     41538 | NS      | $169475.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group I | American International Group Inc           | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |      1585 | NS      | $135660.15    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AnaptysBio Inc                 | AnaptysBio Inc                             | CUSIP: 032724106<br>LEI: 529900HH4WQT03IG1A12 | Long             | EC               | CORP              | US        |      4294 | NS      | $95326.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Anika Therapeutics Inc         | Anika Therapeutics Inc                     | CUSIP: 035255108<br>LEI: 529900R9LS3Z0O6QH455 | Long             | EC               | CORP              | US        |      1568 | NS      | $16589.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc            | Elevance Health Inc                        | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       288 | NS      | $112020.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                | Best Buy Co Inc                            | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      4880 | NS      | $327594.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund    | BlackRock Liquidity FedFund                | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   8676434 | NS      | $8676434.34   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Byline Bancorp Inc             | Byline Bancorp Inc                         | CUSIP: 124411109<br>LEI: 549300W7ODP4YL2H4823 | Long             | EC               | CORP              | US        |      3843 | NS      | $102723.39    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                | CVS Health Corp                            | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      5248 | NS      | $362007.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Calavo Growers Inc             | Calavo Growers Inc                         | CUSIP: 128246105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7780 | NS      | $206870.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Codexis Inc                    | Codexis Inc                                | CUSIP: 192005106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16200 | NS      | $39528.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Trust Bancorp Inc    | Community Trust Bancorp Inc                | CUSIP: 204149108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       358 | NS      | $18945.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                     | Deere & Co                                 | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       765 | NS      | $388994.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Domo Inc                       | Domo Inc                                   | CUSIP: 257554105<br>LEI: 549300X57AGT5JULJ761 | Long             | EC               | CORP              | US        |      4226 | NS      | $59037.22     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                    | Dropbox Inc                                | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     15222 | NS      | $435349.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc            | Electronic Arts Inc                        | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      2392 | NS      | $382002.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Emergent BioSolutions Inc      | Emergent BioSolutions Inc                  | CUSIP: 29089Q105<br>LEI: 549300YW6TUOX8BE5103 | Long             | EC               | CORP              | US        |      2000 | NS      | $12760.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc         | Employers Holdings Inc                     | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6688 | NS      | $315539.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Entrada Therapeutics Inc       | Entrada Therapeutics Inc                   | CUSIP: 29384C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2868 | NS      | $19272.96     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc      | Ethan Allen Interiors Inc                  | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4628 | NS      | $128889.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Industrial Co           | Global Industrial Co                       | CUSIP: 37892E102<br>LEI: 5493000GO8Z3HEWCGE46 | Long             | EC               | CORP              | US        |      2385 | NS      | $64418.85     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp     | Horace Mann Educators Corp                 | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |      3677 | NS      | $158000.69    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                   | Innospec Inc                               | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |      4279 | NS      | $359821.11    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                   | Innoviva Inc                               | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |      9556 | NS      | $191980.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| iRobot Corp                    | iRobot Corp                                | CUSIP: 462726100<br>LEI: 5493009PRNKOUKBAT390 | Long             | EC               | CORP              | US        |     13274 | NS      | $41547.62     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                       | LKQ Corp                                   | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |      6448 | NS      | $238640.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                   | La-Z-Boy Inc                               | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |      6116 | NS      | $227331.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Marzetti Company/The           | Marzetti Company/The                       | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |      1504 | NS      | $259846.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co           | Matador Resources Co                       | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |       546 | NS      | $26055.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort Inc    | Monarch Casino & Resort Inc                | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |      2070 | NS      | $178930.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc               | Movado Group Inc                           | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |      4521 | NS      | $68945.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NerdWallet Inc                 | NerdWallet Inc                             | CUSIP: 64082B102<br>LEI: 254900FJ2Y4SH71DJ379 | Long             | EC               | CORP              | US        |     11485 | NS      | $125990.45    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                      | PG&E Corp                                  | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     64852 | NS      | $904036.88    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Personalis Inc                 | Personalis Inc                             | CUSIP: 71535D106<br>LEI: 549300EZ2NYFK7H0US48 | Long             | EC               | CORP              | US        |       900 | NS      | $5904.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab US Large-Cap ETF        | Schwab US Large-Cap ETF                    | CUSIP: 808524201<br>LEI: 549300D3593FFQX1M411 | Long             | EC               | RF                | US        |  34267279 | NS      | $837492298.76 | 74.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd              | Helen of Troy Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      2257 | NS      | $64053.66     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IBEX Holdings Ltd              | IBEX Holdings Ltd                          | CUSIP: N/A<br>LEI: 5493000GRFLPVYU2CX17       | Long             | EC               | CORP              | US        |      1548 | NS      | $45046.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                  | Medtronic PLC                              | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |      4183 | NS      | $364632.11    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie | Alexandria Real Estate Equities Inc        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      5950 | NS      | $432148.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Co            | Allegiant Travel Co                        | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |      4311 | NS      | $236889.45    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifevantage Corp               | Lifevantage Corp                           | CUSIP: 53222K205<br>LEI: 5493001Z5YYT109QZ980 | Long             | EC               | CORP              | US        |      2000 | NS      | $26160.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Matrix Service Co              | Matrix Service Co                          | CUSIP: 576853105<br>LEI: 529900VYBKSX6HD2YW58 | Long             | EC               | CORP              | US        |      5051 | NS      | $68239.01     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      7751 | NS      | $613569.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp Inc                | NBT Bancorp Inc                            | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1404 | NS      | $58336.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N-able Inc/US                  | N-able Inc/US                              | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20811 | NS      | $168569.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextdoor Holdings Inc          | Nextdoor Holdings Inc                      | CUSIP: 65345M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37693 | NS      | $62570.38     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp          | Northrop Grumman Corp                      | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       765 | NS      | $382484.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1343 | NS      | $1380711.44   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sleep Number Corp              | Sleep Number Corp                          | CUSIP: 83125X103<br>LEI: 529900W0TZQLBT2DSS66 | Long             | EC               | CORP              | US        |     14556 | NS      | $98325.78     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| South Plains Financial Inc     | South Plains Financial Inc                 | CUSIP: 83946P107<br>LEI: 549300SNEBP48642N493 | Long             | EC               | CORP              | US        |       964 | NS      | $34742.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc     | Xenia Hotels & Resorts Inc                 | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |     27044 | NS      | $339943.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| A-Mark Precious Metals Inc     | A-Mark Precious Metals Inc                 | CUSIP: 00181T107<br>LEI: XP6XYFDZQGKLUMOFGT37 | Long             | EC               | CORP              | US        |      4235 | NS      | $93932.30     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                       | AT&T Inc                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     32151 | NS      | $930449.94    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| agilon health Inc              | agilon health Inc                          | CUSIP: 00857U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35700 | NS      | $82110.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin Inc        | Alexander & Baldwin Inc                    | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4824 | NS      | $86011.92     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc      | American Assets Trust Inc                  | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8073 | NS      | $159441.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                  | Amphenol Corp                              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     14503 | NS      | $1432171.25   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc             | Analog Devices Inc                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      3852 | NS      | $916853.04    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CPI Card Group Inc             | CPI Card Group Inc                         | CUSIP: 12634H200<br>LEI: 54930087HHJ1VWIJK062 | Long             | EC               | CORP              | US        |      1026 | NS      | $24336.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Forestar Group Inc             | Forestar Group Inc                         | CUSIP: 346232101<br>LEI: 549300BC2UB0GHV60V70 | Long             | EC               | CORP              | US        |      5144 | NS      | $102880.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                    | Gartner Inc                                | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      1358 | NS      | $548930.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                 | Halliburton Co                             | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     50977 | NS      | $1038911.26   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Haverty Furniture Cos Inc      | Haverty Furniture Cos Inc                  | CUSIP: 419596101<br>LEI: 529900CVFMMIRXZVPD70 | Long             | EC               | CORP              | US        |      4490 | NS      | $91371.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Sciences Inc            | Kodiak Sciences Inc                        | CUSIP: 50015M109<br>LEI: 254900IXI5NI8C9OQE24 | Long             | EC               | CORP              | US        |      9282 | NS      | $34621.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc               | Leonardo DRS Inc                           | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |      9646 | NS      | $448346.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Inc     | Ligand Pharmaceuticals Inc                 | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |      3015 | NS      | $342745.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co/The                | Macerich Co/The                            | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |     23162 | NS      | $374761.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ZipRecruiter Inc               | ZipRecruiter Inc                           | CUSIP: 98980B103<br>LEI: 549300HLOVNNFCY2IV80 | Long             | EC               | CORP              | US        |     21272 | NS      | $106572.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Zumiez Inc                     | Zumiez Inc                                 | CUSIP: 989817101<br>LEI: 549300J0PDF58P6HZD25 | Long             | EC               | CORP              | US        |      6663 | NS      | $88351.38     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd           | Assured Guaranty Ltd                       | CUSIP: N/A<br>LEI: 549300BBOQUJEPH87M14       | Long             | EC               | CORP              | BM        |      3731 | NS      | $324970.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Astrana Health Inc             | Astrana Health Inc                         | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |      7491 | NS      | $186376.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Aveanna Healthcare Holdings In | Aveanna Healthcare Holdings Inc            | CUSIP: 05356F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4460 | NS      | $23325.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc              | Shoe Carnival Inc                          | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3655 | NS      | $68385.05     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                    | Snap-on Inc                                | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |       574 | NS      | $178617.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Steelcase Inc                  | Steelcase Inc                              | CUSIP: 858155203<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | EC               | CORP              | US        |      4187 | NS      | $43670.41     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TrueBlue Inc                   | TrueBlue Inc                               | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5725 | NS      | $37098.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2793 | NS      | $871332.21    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp           | Waystar Holding Corp                       | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13076 | NS      | $534416.12    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Xencor Inc                     | Xencor Inc                                 | CUSIP: 98401F105<br>LEI: 549300V5IF65437JKG30 | Long             | EC               | CORP              | US        |      5954 | NS      | $46798.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimvie Inc                     | Zimvie Inc                                 | CUSIP: 98888T107<br>LEI: 549300GFKURT1J6XR665 | Long             | EC               | CORP              | US        |      1736 | NS      | $16231.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                  | Pinterest Inc                              | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3158 | NS      | $113245.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Playstudios Inc                | Playstudios Inc                            | CUSIP: 72815G108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4278 | NS      | $5604.18      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The             | Walt Disney Co/The                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      5697 | NS      | $706484.97    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                     | FedEx Corp                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      1334 | NS      | $303231.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Corp           | First Financial Corp                       | CUSIP: 320218100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1395 | NS      | $75595.05     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Flexsteel Industries Inc       | Flexsteel Industries Inc                   | CUSIP: 339382103<br>LEI: 894500J5Y3ZZOOJXXN24 | Long             | EC               | CORP              | US        |       653 | NS      | $23527.59     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Covey Co              | Franklin Covey Co                          | CUSIP: 353469109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2068 | NS      | $47191.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulcrum Therapeutics Inc       | Fulcrum Therapeutics Inc                   | CUSIP: 359616109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1911 | NS      | $13147.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GoPro Inc                      | GoPro Inc                                  | CUSIP: 38268T103<br>LEI: 549300CQJMLT21SZFL16 | Long             | EC               | CORP              | US        |     11205 | NS      | $8485.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Ridge Resources Inc    | Granite Ridge Resources Inc                | CUSIP: 387432107<br>LEI: 254900CAHJQKOQ1YZC67 | Long             | EC               | CORP              | US        |      8700 | NS      | $55419.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc            | Guardant Health Inc                        | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     31482 | NS      | $1638323.28   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Express Inc          | Heartland Express Inc                      | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |     17507 | NS      | $151260.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles Internati | Heidrick & Struggles International Inc     | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |     12543 | NS      | $573967.68    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      7710 | NS      | $1795504.80   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc               | Hope Bancorp Inc                           | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |     16143 | NS      | $173214.39    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc          | Jackson Financial Inc                      | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |      1494 | NS      | $132652.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                     | Kenvue Inc                                 | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     15770 | NS      | $330066.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kronos Worldwide Inc           | Kronos Worldwide Inc                       | CUSIP: 50105F105<br>LEI: 549300OBZ34C65APL277 | Long             | EC               | CORP              | US        |      4005 | NS      | $24831.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                 | NRG Energy Inc                             | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      6694 | NS      | $1074922.52   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    100621 | NS      | $15897111.79  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                | Pegasystems Inc                            | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |      5322 | NS      | $288079.86    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                 | PulteGroup Inc                             | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6918 | NS      | $729572.28    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                       | RLI Corp                                   | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |      1183 | NS      | $85436.26     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Bancorp Inc/KY        | Republic Bancorp Inc/KY                    | CUSIP: 760281204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       510 | NS      | $37286.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| S&T Bancorp Inc                | S&T Bancorp Inc                            | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4653 | NS      | $175976.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      5518 | NS      | $1752847.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc               | TriNet Group Inc                           | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |      7332 | NS      | $536262.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods Inc       | United Natural Foods Inc                   | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |      6207 | NS      | $144685.17    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AG Mortgage Investment Trust I | AG Mortgage Investment Trust Inc           | CUSIP: 001228501<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EC               | CORP              | US        |       455 | NS      | $3435.25      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc         | Alarm.com Holdings Inc                     | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |      6482 | NS      | $366686.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aldeyra Therapeutics Inc       | Aldeyra Therapeutics Inc                   | CUSIP: 01438T106<br>LEI: 529900HGKY864E4Y9014 | Long             | EC               | CORP              | US        |     20036 | NS      | $76737.88     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc       | Ameriprise Financial Inc                   | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      7437 | NS      | $3969350.01   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE Inc                  | AMERISAFE Inc                              | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |      1457 | NS      | $63714.61     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcturus Therapeutics Holdings | Arcturus Therapeutics Holdings Inc         | CUSIP: 03969T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7351 | NS      | $95636.51     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies  | Atmus Filtration Technologies Inc          | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2911 | NS      | $106018.62    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc   | Bread Financial Holdings Inc               | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     13607 | NS      | $777231.84    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc  | Armada Hoffler Properties Inc              | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |     35404 | NS      | $243225.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                            | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      3731 | NS      | $260722.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                    | Avista Corp                                | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |      5625 | NS      | $213468.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrett Business Services Inc  | Barrett Business Services Inc              | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |      4015 | NS      | $167385.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                   | Synopsys Inc                               | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      2606 | NS      | $1336044.08   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Group SGHC Ltd           | Super Group SGHC Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GG        |      3731 | NS      | $40929.07     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Tankers Ltd             | Teekay Tankers Ltd                         | CUSIP: N/A<br>LEI: 549300DE8ZAIYS2T6Q22       | Long             | EC               | CORP              | CA        |      1524 | NS      | $63581.28     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                    | GoDaddy Inc                                | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |      3062 | NS      | $551343.72    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAIL Inc                      | GRAIL Inc                                  | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Long             | EC               | CORP              | US        |      2687 | NS      | $138165.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardian Pharmacy Services Inc | Guardian Pharmacy Services Inc             | CUSIP: 40145W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2373 | NS      | $50568.63     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Insurance Holdings In | Heritage Insurance Holdings Inc            | CUSIP: 42727J102<br>LEI: 9845008CCYDD87F66B45 | Long             | EC               | CORP              | US        |      8222 | NS      | $205056.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OmniAb Inc                     | OmniAb Inc                                 | CUSIP: 68218J103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20794 | NS      | $36181.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp            | Otis Worldwide Corp                        | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     14313 | NS      | $1417273.26   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group Inc                  | PRA Group Inc                              | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |     11222 | NS      | $165524.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc            | Payoneer Global Inc                        | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Long             | EC               | CORP              | US        |     64722 | NS      | $443345.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp         | Permian Resources Corp                     | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     21746 | NS      | $296180.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulmonx Corp                   | Pulmonx Corp                               | CUSIP: 745848101<br>LEI: 549300WZMFR0ZK7RJY40 | Long             | EC               | CORP              | US        |      5100 | NS      | $13209.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranger Energy Services Inc     | Ranger Energy Services Inc                 | CUSIP: 75282U104<br>LEI: 549300J7RIVGVAN0RE23 | Long             | EC               | CORP              | US        |      1593 | NS      | $19020.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc               | Ryder System Inc                           | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |      1034 | NS      | $164406.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Safety Insurance Group Inc     | Safety Insurance Group Inc                 | CUSIP: 78648T100<br>LEI: 254900LDCFLA3J746840 | Long             | EC               | CORP              | US        |      2252 | NS      | $178786.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The      | Scotts Miracle-Gro Co/The                  | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |      1007 | NS      | $66421.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc  | Selective Insurance Group Inc              | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      8531 | NS      | $739211.15    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co          | Southwest Airlines Co                      | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     24878 | NS      | $807042.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      3349 | NS      | $913238.81    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ScanSource Inc                 | ScanSource Inc                             | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |     12725 | NS      | $532032.25    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMrush Holdings Inc           | SEMrush Holdings Inc                       | CUSIP: 81686C104<br>LEI: 254900WQEX0OLGK16D27 | Long             | EC               | CORP              | US        |      3136 | NS      | $28380.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Skillsoft Corp                 | Skillsoft Corp                             | CUSIP: 83066P309<br>LEI: 213800IN3X8SP8HFLL39 | Long             | EC               | CORP              | US        |       424 | NS      | $6771.28      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy Inc                 | CVR Energy Inc                             | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |     10262 | NS      | $275534.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                   | Comcast Corp                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      7712 | NS      | $275241.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                 | ConocoPhillips                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      8193 | NS      | $735239.82    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Covenant Logistics Group Inc   | Covenant Logistics Group Inc               | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2455 | NS      | $59190.05     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cricut Inc                     | Cricut Inc                                 | CUSIP: 22658D100<br>LEI: 254900R3DKAJ28MC0Q39 | Long             | EC               | CORP              | US        |      7639 | NS      | $51716.03     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytek Biosciences Inc          | Cytek Biosciences Inc                      | CUSIP: 23285D109<br>LEI: 549300K2J28BOC6FBO89 | Long             | EC               | CORP              | US        |     17292 | NS      | $58792.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| eHealth Inc                    | eHealth Inc                                | CUSIP: 28238P109<br>LEI: 5299003O8Y5OKXUZQ421 | Long             | EC               | CORP              | US        |      2982 | NS      | $12971.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hub Group Inc                  | Hub Group Inc                              | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2166 | NS      | $72409.38     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                     | Humana Inc                                 | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       740 | NS      | $180915.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyster-Yale Inc                | Hyster-Yale Inc                            | CUSIP: 449172105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1810 | NS      | $72001.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp/MI       | Independent Bank Corp/MI                   | CUSIP: 453838609<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1420 | NS      | $46022.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc         | Insteel Industries Inc                     | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |      4580 | NS      | $170421.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc  | Intercontinental Exchange Inc              | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     12660 | NS      | $2322730.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JELD-WEN Holding Inc           | JELD-WEN Holding Inc                       | CUSIP: 47580P103<br>LEI: 529900AXX7CT9GZSCS30 | Long             | EC               | CORP              | US        |     28873 | NS      | $113182.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      5772 | NS      | $881673.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kearny Financial Corp/MD       | Kearny Financial Corp/MD                   | CUSIP: 48716P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10637 | NS      | $68715.02     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LendingTree Inc                | LendingTree Inc                            | CUSIP: 52603B107<br>LEI: 549300ISY5YHUJZTON08 | Long             | EC               | CORP              | US        |      5645 | NS      | $209260.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp         | Louisiana-Pacific Corp                     | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      1609 | NS      | $138357.91    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MacroGenics Inc                | MacroGenics Inc                            | CUSIP: 556099109<br>LEI: 5493001KJQUA83L8MH79 | Long             | EC               | CORP              | US        |      5844 | NS      | $7071.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc       | Manhattan Associates Inc                   | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |       977 | NS      | $192928.19    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                  | McKesson Corp                              | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      1284 | NS      | $940889.52    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co       | Molson Coors Beverage Co                   | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |      8708 | NS      | $418767.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc         | Mueller Industries Inc                     | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |       865 | NS      | $68741.55     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp                | NCR Atleos Corp                            | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |      8337 | NS      | $237854.61    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Napco Security Technologies In | Napco Security Technologies Inc            | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |      3946 | NS      | $117156.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nektar Therapeutics            | Nektar Therapeutics                        | CUSIP: 640268306<br>LEI: 5299005I24806IOIYE03 | Long             | EC               | CORP              | US        |      3039 | NS      | $78524.31     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp          | Norfolk Southern Corp                      | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      7224 | NS      | $1849127.28   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                    | OFG Bancorp                                | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |      6796 | NS      | $290868.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Opendoor Technologies Inc      | Opendoor Technologies Inc                  | CUSIP: 683712103<br>LEI: 254900KX11YZ4HV5BQ47 | Long             | EC               | CORP              | US        |     85145 | NS      | $45382.29     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     21243 | NS      | $4644357.09   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc          | Powell Industries Inc                      | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      2215 | NS      | $466146.75    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7 Inc                     | Rapid7 Inc                                 | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |     18363 | NS      | $424736.19    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc  | Regeneron Pharmaceuticals Inc              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       765 | NS      | $401625.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                    | Rogers Corp                                | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |      1575 | NS      | $107856.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sage Therapeutics Inc          | Sage Therapeutics Inc                      | CUSIP: 78667J108<br>LEI: 5493000JX4BJS9W6CN35 | Long             | EC               | CORP              | US        |     14446 | NS      | $131747.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corp              | Tutor Perini Corp                          | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     13488 | NS      | $630968.64    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Udemy Inc                      | Udemy Inc                                  | CUSIP: 902685106<br>LEI: 2549000T304QU9SAM180 | Long             | EC               | CORP              | US        |     25431 | NS      | $178779.93    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Insurance Holdings I | Universal Insurance Holdings Inc           | CUSIP: 91359V107<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | EC               | CORP              | US        |      1880 | NS      | $52132.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc     | Vertex Pharmaceuticals Inc                 | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      2397 | NS      | $1067144.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons Inc          | John Wiley & Sons Inc                      | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |      1757 | NS      | $78414.91     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Paysafe Ltd                    | Paysafe Ltd                                | CUSIP: N/A<br>LEI: 2138003K6PVDCI5TBN11       | Long             | EC               | CORP              | GB        |      9388 | NS      | $118476.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Prothena Corp PLC              | Prothena Corp PLC                          | CUSIP: N/A<br>LEI: 5299009ZXQ8NIIJ8OL30       | Long             | EC               | CORP              | IE        |      9031 | NS      | $54818.17     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc             | ABM Industries Inc                         | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |      3822 | NS      | $180436.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Akebia Therapeutics Inc        | Akebia Therapeutics Inc                    | CUSIP: 00972D105<br>LEI: 549300CBQEHMKEEGNX42 | Long             | EC               | CORP              | US        |     16040 | NS      | $58385.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                | Alamo Group Inc                            | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      1041 | NS      | $227333.58    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc    | American Water Works Co Inc                | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     10879 | NS      | $1513377.69   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                     | AMETEK Inc                                 | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     12246 | NS      | $2216036.16   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                      | Amgen Inc                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1244 | NS      | $347337.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons Inc/The              | Andersons Inc/The                          | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |      7825 | NS      | $287568.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp          | Antero Resources Corp                      | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     47403 | NS      | $1909392.84   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Appian Corp                    | Appian Corp                                | CUSIP: 03782L101<br>LEI: 529900NIARIFW7HGU386 | Long             | EC               | CORP              | US        |      9860 | NS      | $294419.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                 | BankUnited Inc                             | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     17922 | NS      | $637843.98    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc     | Charter Communications Inc                 | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |       383 | NS      | $156574.23    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper-Standard Holdings Inc   | Cooper-Standard Holdings Inc               | CUSIP: 21676P103<br>LEI: 549300VVOH2RQP5YMB08 | Long             | EC               | CORP              | US        |      4005 | NS      | $86107.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      2961 | NS      | $2931212.34   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Coty Inc                       | Coty Inc                                   | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Long             | EC               | CORP              | US        |      9229 | NS      | $42914.85     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp           | Gulfport Energy Corp                       | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |      2217 | NS      | $445993.89    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc      | Halozyme Therapeutics Inc                  | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      2116 | NS      | $110074.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp           | Hanmi Financial Corp                       | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |      1704 | NS      | $42054.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthStream Inc               | HealthStream Inc                           | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |     10433 | NS      | $288681.11    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc  | Jefferies Financial Group Inc              | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |      3816 | NS      | $208697.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Keros Therapeutics Inc         | Keros Therapeutics Inc                     | CUSIP: 492327101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9229 | NS      | $123207.15    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                     | Kforce Inc                                 | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |      3600 | NS      | $148068.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Legalzoom.com Inc              | Legalzoom.com Inc                          | CUSIP: 52466B103<br>LEI: 5493000L8EBF74Y9JZ48 | Long             | EC               | CORP              | US        |     43332 | NS      | $386088.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                       | DNOW Inc                                   | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |      8135 | NS      | $120642.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| 10X Genomics Inc               | 10X Genomics Inc                           | CUSIP: 88025U109<br>LEI: 5493003Z6741WNLG7H43 | Long             | EC               | CORP              | US        |      8300 | NS      | $96114.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Coastal Insurance Cor | American Coastal Insurance Corp            | CUSIP: 910710102<br>LEI: 5299002P9105LJQA8G51 | Long             | EC               | CORP              | US        |      2093 | NS      | $23274.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Valhi Inc                      | Valhi Inc                                  | CUSIP: 918905209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        91 | NS      | $1470.56      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                       | WD-40 Co                                   | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      1835 | NS      | $418545.15    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp           | Wabash National Corp                       | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |     17095 | NS      | $181719.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Webtoon Entertainment Inc      | Webtoon Entertainment Inc                  | CUSIP: 94845U105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6431 | NS      | $58393.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                       | Yelp Inc                                   | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     17411 | NS      | $596674.97    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Enanta Pharmaceuticals Inc     | Enanta Pharmaceuticals Inc                 | CUSIP: 29251M106<br>LEI: 529900SSN4DODDQSN594 | Long             | EC               | CORP              | US        |      5916 | NS      | $44724.96     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                | Fair Isaac Corp                            | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |        96 | NS      | $175484.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp/Puerto Rico      | First BanCorp/Puerto Rico                  | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     29385 | NS      | $612089.55    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| First Internet Bancorp         | First Internet Bancorp                     | CUSIP: 320557101<br>LEI: 549300T25MP2M92XU194 | Long             | EC               | CORP              | US        |      1304 | NS      | $35077.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties  | Gaming and Leisure Properties Inc          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     20337 | NS      | $949331.16    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Karat Packaging Inc            | Karat Packaging Inc                        | CUSIP: 48563L101<br>LEI: 549300JYUKCQP3P8D632 | Long             | EC               | CORP              | US        |       998 | NS      | $28103.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                  | Kroger Co/The                              | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      6593 | NS      | $472915.89    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                      | Amcor PLC                                  | CUSIP: N/A<br>LEI: 549300GSODGFCDQ3DI89       | Long             | EC               | CORP              | CH        |     33992 | NS      | $312386.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     11291 | NS      | $1099065.94   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc       | Lennox International Inc                   | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |       419 | NS      | $240187.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      4999 | NS      | $915166.93    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD  | Marriott International Inc/MD              | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      6052 | NS      | $1653466.92   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Meridianlink Inc               | Meridianlink Inc                           | CUSIP: 58985J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2247 | NS      | $36468.81     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1053 | NS      | $234682.11    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| International Money Express In | International Money Express Inc            | CUSIP: 46005L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7700 | NS      | $77693.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     20113 | NS      | $5830959.83   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                   | KKR & Co Inc                               | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |      2153 | NS      | $286413.59    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      4401 | NS      | $2473097.94   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercantile Bank Corp           | Mercantile Bank Corp                       | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |       182 | NS      | $8446.62      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp/IN           | Merchants Bancorp/IN                       | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |      1395 | NS      | $46132.65     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NPK International Inc          | NPK International Inc                      | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |     12833 | NS      | $109208.83    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc        | O'Reilly Automotive Inc                    | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     19020 | NS      | $1714272.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners      | Perella Weinberg Partners                  | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11688 | NS      | $226980.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc                     | Phinia Inc                                 | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |      8672 | NS      | $385817.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Teads Holding Co               | Teads Holding Co                           | CUSIP: 69002R103<br>LEI: 549300TNEHRXPVGWVW07 | Long             | EC               | CORP              | US        |      4278 | NS      | $10609.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp         | Boston Scientific Corp                     | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     13693 | NS      | $1470765.13   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp           | Pilgrim's Pride Corp                       | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |      2486 | NS      | $111820.28    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp         | Primoris Services Corp                     | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      2093 | NS      | $163128.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PROS Holdings Inc              | PROS Holdings Inc                          | CUSIP: 74346Y103<br>LEI: 549300LPE1KNL5RWKQ48 | Long             | EC               | CORP              | US        |      7632 | NS      | $119517.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      4210 | NS      | $670484.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                                   | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      2967 | NS      | $433241.34    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoneridge Inc                 | Stoneridge Inc                             | CUSIP: 86183P102<br>LEI: PNBCIH9LE7WI83VJIF08 | Long             | EC               | CORP              | US        |      1266 | NS      | $8912.64      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SunCoke Energy Inc             | SunCoke Energy Inc                         | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |       910 | NS      | $7816.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                    | Target Corp                                | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      3830 | NS      | $377829.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Telos Corp                     | Telos Corp                                 | CUSIP: 87969B101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5515 | NS      | $17482.55     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc   | Texas Capital Bancshares Inc               | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      8993 | NS      | $714044.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United Fire Group Inc          | United Fire Group Inc                      | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4427 | NS      | $127054.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Real Brokerage Inc/The         | Real Brokerage Inc/The                     | CUSIP: 75585H206<br>LEI: 254900X7DGVQ8SUIC387 | Long             | EC               | CORP              | US        |     27236 | NS      | $122834.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Regional Management Corp       | Regional Management Corp                   | CUSIP: 75902K106<br>LEI: 549300S5O87W87JW4146 | Long             | EC               | CORP              | US        |       922 | NS      | $26931.62     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ribbon Communications Inc      | Ribbon Communications Inc                  | CUSIP: 762544104<br>LEI: 549300L1E8Z8RL7CUL52 | Long             | EC               | CORP              | US        |      1493 | NS      | $5986.93      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral Inc                | RingCentral Inc                            | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |      2718 | NS      | $77055.30     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC             | Royalty Pharma PLC                         | CUSIP: N/A<br>LEI: 549300FGFN7VOK8BZR03       | Long             | EC               | CORP              | US        |      4306 | NS      | $155145.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd                | SiriusPoint Ltd                            | CUSIP: N/A<br>LEI: 549300OGXFI85N3YZZ51       | Long             | EC               | CORP              | BM        |      3420 | NS      | $69733.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc    | Worthington Enterprises Inc                | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |      1820 | NS      | $115824.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd            | Viking Holdings Ltd                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |      9829 | NS      | $523787.41    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT Inc                        | ADT Inc                                    | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13157 | NS      | $111439.79    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      5071 | NS      | $941279.02    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      1158 | NS      | $448007.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc     | Apple Hospitality REIT Inc                 | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |      8555 | NS      | $99836.85     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                   | ArcBest Corp                               | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |      6652 | NS      | $512270.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                      | Argan Inc                                  | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |       454 | NS      | $100097.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc           | Astec Industries Inc                       | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |      5817 | NS      | $242510.73    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AudioEye Inc                   | AudioEye Inc                               | CUSIP: 050734201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2685 | NS      | $31280.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandwidth Inc                  | Bandwidth Inc                              | CUSIP: 05988J103<br>LEI: 549300QC70JB7MUGXM66 | Long             | EC               | CORP              | US        |      4850 | NS      | $77115.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Berry Corp                     | Berry Corp                                 | CUSIP: 08579X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20114 | NS      | $55715.78     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BigCommerce Holdings Inc       | BigCommerce Holdings Inc                   | CUSIP: 08975P108<br>LEI: 549300MOVEFQ78DMPG58 | Long             | EC               | CORP              | US        |     19699 | NS      | $98495.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc       | Bio-Rad Laboratories Inc                   | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |       765 | NS      | $184609.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                  | Boeing Co/The                              | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      3296 | NS      | $690610.88    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowhead Specialty Holdings Inc | Bowhead Specialty Holdings Inc             | CUSIP: 10240L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1957 | NS      | $73446.21     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                 | CBRE Group Inc                             | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     10176 | NS      | $1425861.12   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx Inc                     | CareDx Inc                                 | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |     15449 | NS      | $301873.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Carriage Services Inc          | Carriage Services Inc                      | CUSIP: 143905107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2184 | NS      | $99896.16     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chatham Lodging Trust          | Chatham Lodging Trust                      | CUSIP: 16208T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9036 | NS      | $62980.92     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     16458 | NS      | $1400904.96   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Paper Corp          | Clearwater Paper Corp                      | CUSIP: 18538R103<br>LEI: 549300HCVV19GXN4P292 | Long             | EC               | CORP              | US        |      5883 | NS      | $160252.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelerate Energy Inc          | Excelerate Energy Inc                      | CUSIP: 30069T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5368 | NS      | $157389.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc  | Healthcare Services Group Inc              | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |      3276 | NS      | $49238.28     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc           | Hilltop Holdings Inc                       | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     12340 | NS      | $374519.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Beauty Health Co/The           | Beauty Health Co/The                       | CUSIP: 88331L108<br>LEI: 5493001Z2JZQT4C63C50 | Long             | EC               | CORP              | US        |      6551 | NS      | $12512.41     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc         | Werner Enterprises Inc                     | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |      7378 | NS      | $201862.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica BanCorp            | Westamerica BanCorp                        | CUSIP: 957090103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       710 | NS      | $34392.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zentalis Pharmaceuticals Inc   | Zentalis Pharmaceuticals Inc               | CUSIP: 98943L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1164 | NS      | $1350.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of NT Butterfield & Son L | Bank of NT Butterfield & Son Ltd/The       | CUSIP: N/A<br>LEI: 549300V8RVM0EMTDPF28       | Long             | EC               | CORP              | BM        |      5042 | NS      | $223259.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Amplify Energy Corp            | Amplify Energy Corp                        | CUSIP: 03212B103<br>LEI: J0TW5YQRAZXYN7VEU787 | Long             | EC               | CORP              | US        |     12240 | NS      | $39168.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Arteris Inc                    | Arteris Inc                                | CUSIP: 04302A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4022 | NS      | $38329.66     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp            | Avery Dennison Corp                        | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      7683 | NS      | $1348136.01   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     64387 | NS      | $3046792.84   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/T | Bank of New York Mellon Corp/The           | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     13492 | NS      | $1229256.12   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                  | Blackrock Inc                              | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       405 | NS      | $424946.25    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BlueLinx Holdings Inc          | BlueLinx Holdings Inc                      | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |      2227 | NS      | $165644.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc           | Chart Industries Inc                       | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      4818 | NS      | $793283.70    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                      | Ennis Inc                                  | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3131 | NS      | $56796.34     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eventbrite Inc                 | Eventbrite Inc                             | CUSIP: 29975E109<br>LEI: 549300N6XBV2B1FAUF55 | Long             | EC               | CORP              | US        |      4207 | NS      | $11064.41     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp              | FB Financial Corp                          | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |      3989 | NS      | $180701.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                 | Lowe's Cos Inc                             | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      5071 | NS      | $1125102.77   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Entertai | Madison Square Garden Entertainment Corp   | CUSIP: 558256103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5067 | NS      | $202527.99    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp            | Meritage Homes Corp                        | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      2570 | NS      | $172112.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nature's Sunshine Products Inc | Nature's Sunshine Products Inc             | CUSIP: 639027101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       961 | NS      | $14213.19     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The          | New York Times Co/The                      | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |      4401 | NS      | $246367.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                     | Nucor Corp                                 | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      3828 | NS      | $495879.12    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Olympic Steel Inc              | Olympic Steel Inc                          | CUSIP: 68162K106<br>LEI: 549300GQ061U6N6KWJ49 | Long             | EC               | CORP              | US        |      2201 | NS      | $71730.59     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OraSure Technologies Inc       | OraSure Technologies Inc                   | CUSIP: 68554V108<br>LEI: 529900GNNJPNM4XHXQ77 | Long             | EC               | CORP              | US        |     19417 | NS      | $58251.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PriceSmart Inc                 | PriceSmart Inc                             | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |      1001 | NS      | $105145.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Vanguard Corp         | American Vanguard Corp                     | CUSIP: 030371108<br>LEI: 529900GWI78WZA5M9783 | Long             | EC               | CORP              | US        |      2972 | NS      | $11650.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     56737 | NS      | $11640730.29  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcus Biosciences Inc          | Arcus Biosciences Inc                      | CUSIP: 03969F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17753 | NS      | $144509.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PubMatic Inc                   | PubMatic Inc                               | CUSIP: 74467Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12160 | NS      | $151270.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Radiant Logistics Inc          | Radiant Logistics Inc                      | CUSIP: 75025X100<br>LEI: 549300HWCW2HBOG4GN20 | Long             | EC               | CORP              | US        |      1638 | NS      | $9959.04      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                | Cigna Group/The                            | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      3091 | NS      | $1021822.78   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc           | Cavco Industries Inc                       | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1297 | NS      | $563455.71    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Shyft Group Inc/The            | Shyft Group Inc/The                        | CUSIP: 825698103<br>LEI: 549300YY0TB51BGRV994 | Long             | EC               | CORP              | US        |      7407 | NS      | $92883.78     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co                      | Stepan Co                                  | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |      1247 | NS      | $68061.26     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     19233 | NS      | $1360734.75   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CommScope Holding Co Inc       | CommScope Holding Co Inc                   | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |     13401 | NS      | $110960.28    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc | Community Healthcare Trust Inc             | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |      1000 | NS      | $16630.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc       | Crowdstrike Holdings Inc                   | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      2527 | NS      | $1287026.37   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelzoo                      | Travelzoo                                  | CUSIP: 89421Q205<br>LEI: 5493003SM75HBCOOU310 | Long             | EC               | CORP              | US        |      2093 | NS      | $26643.89     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc        | Darling Ingredients Inc                    | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |     50354 | NS      | $1910430.76   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Phibro Animal Health Corp      | Phibro Animal Health Corp                  | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |      8560 | NS      | $218622.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                   | Prologis Inc                               | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      6668 | NS      | $700940.16    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| USANA Health Sciences Inc      | USANA Health Sciences Inc                  | CUSIP: 90328M107<br>LEI: 549300YTURXE814MAH96 | Long             | EC               | CORP              | US        |      4692 | NS      | $143246.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd         | Arch Capital Group Ltd                     | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |      6369 | NS      | $579897.45    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                | EMCOR Group Inc                            | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       395 | NS      | $211281.55    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                        | KB Home                                    | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |      8908 | NS      | $471856.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lands' End Inc                 | Lands' End Inc                             | CUSIP: 51509F105<br>LEI: 54930016WOL7P2P67Q43 | Long             | EC               | CORP              | US        |      1365 | NS      | $14619.15     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LifeStance Health Group Inc    | LifeStance Health Group Inc                | CUSIP: 53228F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35100 | NS      | $181467.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      3591 | NS      | $2799292.23   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc        | Live Oak Bancshares Inc                    | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4687 | NS      | $139672.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                       | Lyft Inc                                   | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |     32609 | NS      | $513917.84    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MannKind Corp                  | MannKind Corp                              | CUSIP: 56400P706<br>LEI: 213800GFBCNY1ZFST722 | Long             | EC               | CORP              | US        |     58953 | NS      | $220484.22    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                 | Morgan Stanley                             | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      2104 | NS      | $296369.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      2110 | NS      | $2825564.30   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NETGEAR Inc                    | NETGEAR Inc                                | CUSIP: 64111Q104<br>LEI: 54930067KX3UNRHDWA78 | Long             | EC               | CORP              | US        |      4557 | NS      | $132471.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd      | Liberty Latin America Ltd                  | CUSIP: N/A<br>LEI: 213800YWQHEAX7CAVO83       | Long             | EC               | CORP              | US        |      1600 | NS      | $9952.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| C4 Therapeutics Inc            | C4 Therapeutics Inc                        | CUSIP: 12529R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11000 | NS      | $15730.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Civista Bancshares Inc         | Civista Bancshares Inc                     | CUSIP: 178867107<br>LEI: 5493001LX61Z2UVYSC48 | Long             | EC               | CORP              | US        |       346 | NS      | $8027.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Diversified Holdings   | Compass Diversified Holdings               | CUSIP: 20451Q104<br>LEI: 5299001SM1LBYANJRR58 | Long             | EC               | CORP              | US        |      9838 | NS      | $61782.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc       | Corebridge Financial Inc                   | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     12638 | NS      | $448649.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DMC Global Inc                 | DMC Global Inc                             | CUSIP: 23291C103<br>LEI: 549300CBDXD1Z5MRNG02 | Long             | EC               | CORP              | US        |      1820 | NS      | $14669.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest Inc                    | SkyWest Inc                                | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |      5151 | NS      | $530398.47    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonos Inc                      | Sonos Inc                                  | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Long             | EC               | CORP              | US        |     42852 | NS      | $463230.12    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Terns Pharmaceuticals Inc      | Terns Pharmaceuticals Inc                  | CUSIP: 880881107<br>LEI: 254900S1ZDQMF4MYP709 | Long             | EC               | CORP              | US        |      1130 | NS      | $4214.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tompkins Financial Corp        | Tompkins Financial Corp                    | CUSIP: 890110109<br>LEI: 254900QDQ6V0QJ0Z2348 | Long             | EC               | CORP              | US        |       418 | NS      | $26221.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Unisys Corp                    | Unisys Corp                                | CUSIP: 909214306<br>LEI: 549300T21W22FIJJOW08 | Long             | EC               | CORP              | US        |     15479 | NS      | $70119.87     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc             | United Rentals Inc                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       826 | NS      | $622308.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Varex Imaging Corp             | Varex Imaging Corp                         | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Long             | EC               | CORP              | US        |      8419 | NS      | $72992.73     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                    | Workiva Inc                                | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |      9157 | NS      | $626796.65    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Xperi Inc                      | Xperi Inc                                  | CUSIP: 98423J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16686 | NS      | $131986.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group NV       | Universal Music Group NV                   | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |     19384 | NS      | $629034.35    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| TPG Inc                        | TPG Inc                                    | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |      4593 | NS      | $240902.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc           | Tri Pointe Homes Inc                       | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19906 | NS      | $635996.70    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                  | Teradata Corp                              | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |      1999 | NS      | $44597.69     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank/Portsmouth VA       | Towne Bank/Portsmouth VA                   | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |      5825 | NS      | $199098.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Travere Therapeutics Inc       | Travere Therapeutics Inc                   | CUSIP: 89422G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28344 | NS      | $419491.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp             | UMB Financial Corp                         | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |      4834 | NS      | $508343.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      4785 | NS      | $1100932.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc               | Vail Resorts Inc                           | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      1149 | NS      | $180542.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     14271 | NS      | $1395418.38   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Weave Communications Inc       | Weave Communications Inc                   | CUSIP: 94724R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16961 | NS      | $141115.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp              | World Kinect Corp                          | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     14654 | NS      | $415440.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Steel Inc          | Worthington Steel Inc                      | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |      2812 | NS      | $83881.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC         | Trane Technologies PLC                     | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |      5890 | NS      | $2576344.90   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Priority Technology Holdings I | Priority Technology Holdings Inc           | CUSIP: 74275G107<br>LEI: 549300ZS6DXD7ROBKB40 | Long             | EC               | CORP              | US        |      4679 | NS      | $36402.62     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc              | PROG Holdings Inc                          | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     10253 | NS      | $300925.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc    | Raymond James Financial Inc                | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      9569 | NS      | $1467597.53   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigel Pharmaceuticals Inc      | Rigel Pharmaceuticals Inc                  | CUSIP: 766559702<br>LEI: 529900KPTNUS5J8K9K66 | Long             | EC               | CORP              | US        |      4660 | NS      | $87281.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku Inc                       | Roku Inc                                   | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |      1447 | NS      | $127176.83    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corp           | Ryerson Holding Corp                       | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |      6101 | NS      | $131598.57    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholastic Corp                | Scholastic Corp                            | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9541 | NS      | $200170.18    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                   | Balchem Corp                               | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |      1988 | NS      | $316489.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co          | Becton Dickinson & Co                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      7507 | NS      | $1293080.75   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB Financial Corp             | CVB Financial Corp                         | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17019 | NS      | $336806.01    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co           | Commercial Metals Co                       | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     13579 | NS      | $664148.89    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources Inc         | Comstock Resources Inc                     | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |     17667 | NS      | $488845.89    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc       | Corcept Therapeutics Inc                   | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |      7133 | NS      | $523562.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co            | Eastman Chemical Co                        | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |      4345 | NS      | $324397.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery Inc            | Energy Recovery Inc                        | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |     12129 | NS      | $155008.62    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     10458 | NS      | $1127372.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc             | FTI Consulting Inc                         | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |       493 | NS      | $79619.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc       | Franklin Electric Co Inc                   | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |       211 | NS      | $18935.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                     | Intel Corp                                 | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |      9586 | NS      | $214726.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Select Sector SPDR  | Industrial Select Sector SPDR Fund         | CUSIP: 81369Y704<br>LEI: 549300HQI51T8KP6U325 | Long             | EC               | RF                | US        |      5663 | NS      | $835405.76    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dole PLC                       | Dole PLC                                   | CUSIP: N/A<br>LEI: 635400JUG5XJXOPPJJ47       | Long             | EC               | CORP              | IE        |      5518 | NS      | $77196.82     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenlight Capital Re Ltd      | Greenlight Capital Re Ltd                  | CUSIP: N/A<br>LEI: 549300Q9HRIFA2BGHJ51       | Long             | EC               | CORP              | KY        |       910 | NS      | $13076.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                      | Chubb Ltd                                  | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |      8959 | NS      | $2595601.48   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     18372 | NS      | $1274649.36   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                 | Hershey Co/The                             | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |       861 | NS      | $142882.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      6372 | NS      | $2336230.08   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Oncology Inc              | Kura Oncology Inc                          | CUSIP: 50127T109<br>LEI: 5493005QORQTZCZYOP39 | Long             | EC               | CORP              | US        |     35516 | NS      | $204927.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp Inc           | Northrim BanCorp Inc                       | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |       455 | NS      | $42433.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc              | PC Connection Inc                          | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |      2249 | NS      | $147939.22    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacira BioSciences Inc         | Pacira BioSciences Inc                     | CUSIP: 695127100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       880 | NS      | $21032.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Selectquote Inc                | Selectquote Inc                            | CUSIP: 816307300<br>LEI: 549300BV28BWDIN9SP24 | Long             | EC               | CORP              | US        |      9182 | NS      | $21853.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGA Technologies Inc          | SIGA Technologies Inc                      | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9380 | NS      | $61157.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust Inc    | Starwood Property Trust Inc                | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |     15980 | NS      | $320718.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc   | Sunstone Hotel Investors Inc               | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |     14199 | NS      | $123247.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Superior Group of Cos Inc      | Superior Group of Cos Inc                  | CUSIP: 868358102<br>LEI: UOX145EEO0TB0ZWX2152 | Long             | EC               | CORP              | US        |      1285 | NS      | $13235.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care Inc       | Tandem Diabetes Care Inc                   | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               | CORP              | US        |     24684 | NS      | $460109.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tango Therapeutics Inc         | Tango Therapeutics Inc                     | CUSIP: 87583X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6189 | NS      | $31687.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc   | Thermo Fisher Scientific Inc               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      4495 | NS      | $1822542.70   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Third Coast Bancshares Inc     | Third Coast Bancshares Inc                 | CUSIP: 88422P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1948 | NS      | $63641.16     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustmark Corp                 | Trustmark Corp                             | CUSIP: 898402102<br>LEI: 5493000HPQ4D2RZ79739 | Long             | EC               | CORP              | US        |      7264 | NS      | $264845.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyra Biosciences Inc           | Tyra Biosciences Inc                       | CUSIP: 90240B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7547 | NS      | $72224.79     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares Inc/WV       | United Bankshares Inc/WV                   | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |      8309 | NS      | $302696.87    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Electronics Inc      | Universal Electronics Inc                  | CUSIP: 913483103<br>LEI: 549300ZW9EULAR7T6F89 | Long             | EC               | CORP              | US        |      1484 | NS      | $9824.08      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Herbalife Ltd                  | Herbalife Ltd                              | CUSIP: N/A<br>LEI: 549300BA7TYPBSZZIA41       | Long             | EC               | CORP              | US        |     43700 | NS      | $376694.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Accuray Inc                    | Accuray Inc                                | CUSIP: 004397105<br>LEI: 549300G28LY4TZKZJG51 | Long             | EC               | CORP              | US        |     13484 | NS      | $18473.08     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Biote Corp                     | Biote Corp                                 | CUSIP: 090683103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1575 | NS      | $6331.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     27157 | NS      | $7485827.05   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group | California Water Service Group             | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |      1129 | NS      | $51346.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital City Bank Group Inc    | Capital City Bank Group Inc                | CUSIP: 139674105<br>LEI: 254900NVLVUJQZKTQE82 | Long             | EC               | CORP              | US        |       720 | NS      | $28332.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc     | Casey's General Stores Inc                 | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |       574 | NS      | $292894.98    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| 8x8 Inc                        | 8x8 Inc                                    | CUSIP: 282914100<br>LEI: 254900XWSOC5U1BRW939 | Long             | EC               | CORP              | US        |     15290 | NS      | $29968.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** PFM Multi-Manager Series Trust

**Signature:** /s/ Patrick R. Carmody

**Name of Signer:** Patrick R. Carmody

**Title:** Assistant Treasurer