# EDGAR Filing Document

**Accession Number:** 0001760588
**File Stem:** 0000910472-26-005965
**Filing Date:** 2026-4
**Character Count:** 61420
**Document Hash:** 66ef125d588fa51f21cb31b758514ff6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-005965.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0000910472-26-005965

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Zacks Trust
- **CENTRAL INDEX KEY:** 0001760588

**ORGANIZATION NAME:**
- **EIN:** 836534641
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23435
- **FILM NUMBER:** 26904808

**BUSINESS ADDRESS:**
- **STREET 1:** 227 WEST MONROE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-265-9359

**MAIL ADDRESS:**
- **STREET 1:** 227 WEST MONROE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

## Series and Classes Contracts Data

### Zacks Dividend Fund (Series ID: S000081340)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000244047 | Zacks Dividend Fund Investor Class Shares      | ZDIVX           |
| C000244048 | Zacks Dividend Fund Institutional Class Shares | ZDIIX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.3%** |  |
|  | **ADVERTISING & MARKETING - 0.3%** |  |
| 1360 | Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp; $115994 |
|  | **AEROSPACE & DEFENSE - 2.4%** |  |
| 551 | General Dynamics Corporation | &nbsp;&nbsp;&nbsp; 196735 |
| 848 | Howmet Aerospace, Inc. | &nbsp;&nbsp;&nbsp; 222625 |
| 2020 | RTX Corporation | &nbsp;&nbsp;&nbsp; 409292 |
|  |  | &nbsp;&nbsp; 828652 |
|  | **APPAREL & TEXTILE PRODUCTS - 0.2%** |  |
| 11317 | Under Armour, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 83972 |
|  | **ASSET MANAGEMENT - 0.9%** |  |
| 151 | Blackrock, Inc. | &nbsp;&nbsp;&nbsp; 160548 |
| 1965 | Robinhood Markets, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 149045 |
|  |  | &nbsp;&nbsp; 309593 |
|  | **AUTOMOTIVE - 0.9%** |  |
| 763 | Tesla, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 307115 |
|  | **BANKING - 4.8%** |  |
| 5852 | Bank of America Corporation | &nbsp;&nbsp;&nbsp; 291605 |
| 1578 | Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 94980 |
| 2160 | JPMorgan Chase & Company | &nbsp;&nbsp;&nbsp; 648647 |
| 1038 | PNC Financial Services Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 220419 |
| 5741 | Truist Financial Corporation | &nbsp;&nbsp;&nbsp; 283089 |
| 1017 | Wintrust Financial Corporation | &nbsp;&nbsp;&nbsp; 146509 |
|  |  | &nbsp;&nbsp; 1685249 |
|  | **BEVERAGES - 0.7%** |  |
| 1506 | PepsiCo, Inc. | &nbsp;&nbsp;&nbsp; 255628 |
|  | **BIOTECH & PHARMA - 7.7%** |  |
| 1573 | AbbVie, Inc. | &nbsp;&nbsp;&nbsp; 365062 |
| 823 | Amgen, Inc. | &nbsp;&nbsp;&nbsp; 319456 |
| 2990 | Bristol-Myers Squibb Company | &nbsp;&nbsp;&nbsp; 186486 |
| 483 | Eli Lilly & Company | &nbsp;&nbsp;&nbsp; 508111 |
| 2136 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 318157 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.3% (Continued)** |  |
|  | **BIOTECH & PHARMA - 7.7% (Continued)** |  |
| 1355 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; $336623 |
| 2215 | Merck & Company, Inc. | &nbsp;&nbsp;&nbsp; 274261 |
| 4839 | Pfizer, Inc. | &nbsp;&nbsp;&nbsp; 133798 |
| 543 | Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 269779 |
|  |  | &nbsp;&nbsp; 2711733 |
|  | **COMMERCIAL SUPPORT SERVICES - 1.9%** |  |
| 1873 | Cintas Corporation | &nbsp;&nbsp;&nbsp; 376716 |
| 1238 | Republic Services, Inc. | &nbsp;&nbsp;&nbsp; 283502 |
|  |  | &nbsp;&nbsp; 660218 |
|  | **DIVERSIFIED INDUSTRIALS - 0.6%** |  |
| 1482 | Emerson Electric Company | &nbsp;&nbsp;&nbsp; 223412 |
|  | **E-COMMERCE DISCRETIONARY - 3.1%** |  |
| 5061 | Amazon.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1062811 |
|  | **ELECTRIC UTILITIES - 1.7%** |  |
| 2771 | American Electric Power Company, Inc. | &nbsp;&nbsp;&nbsp; 370816 |
| 2161 | Southern Company (The) | &nbsp;&nbsp;&nbsp; 210438 |
|  |  | &nbsp;&nbsp; 581254 |
|  | **ELECTRICAL EQUIPMENT - 1.3%** |  |
| 950 | Amphenol Corporation, Class A | &nbsp;&nbsp;&nbsp; 138757 |
| 3964 | Mirion Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 85662 |
| 960 | Vertiv Holdings Company, Class A | &nbsp;&nbsp;&nbsp; 244694 |
|  |  | &nbsp;&nbsp; 469113 |
|  | **ENGINEERING & CONSTRUCTION - 1.6%** |  |
| 755 | EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp; 547088 |
|  | **FOOD - 0.9%** |  |
| 1350 | Hershey Company (The) | &nbsp;&nbsp;&nbsp; 318978 |
|  | **GAS & WATER UTILITIES - 0.8%** |  |
| 1239 | American Water Works Company, Inc. | &nbsp;&nbsp;&nbsp; 168541 |
| 2361 | NiSource, Inc. | &nbsp;&nbsp;&nbsp; 111675 |
|  |  | &nbsp;&nbsp; 280216 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.3% (Continued)** |  |
|  | **HEALTH CARE FACILITIES & SERVICES - 2.4%** |  |
| 1793 | Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp; $411010 |
| 695 | Labcorp Holdings, Inc. | &nbsp;&nbsp;&nbsp; 200938 |
| 803 | UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp; 235496 |
|  |  | &nbsp;&nbsp; 847444 |
|  | **HEALTH CARE REIT - 0.3%** |  |
| 1890 | Omega Healthcare Investors, Inc. | &nbsp;&nbsp;&nbsp; 91230 |
|  | **HOME CONSTRUCTION - 0.7%** |  |
| 1801 | PulteGroup, Inc. | &nbsp;&nbsp;&nbsp; 247097 |
|  | **HOUSEHOLD PRODUCTS - 1.7%** |  |
| 999 | Estee Lauder Companies, Inc. (The), Class A | &nbsp;&nbsp;&nbsp; 109361 |
| 2880 | Procter & Gamble Company (The) | &nbsp;&nbsp;&nbsp; 481536 |
|  |  | &nbsp;&nbsp; 590897 |
|  | **INDUSTRIAL REIT - 0.3%** |  |
| 1006 | Prologis, Inc. | &nbsp;&nbsp;&nbsp; 143426 |
|  | **INDUSTRIAL SUPPORT SERVICES - 0.3%** |  |
| 2065 | Fastenal Company | &nbsp;&nbsp;&nbsp; 95073 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 0.5%** |  |
| 1853 | Nasdaq, Inc. | &nbsp;&nbsp;&nbsp; 162286 |
|  | **INSURANCE - 3.7%** |  |
| 512 | Assurant, Inc. | &nbsp;&nbsp;&nbsp; 117550 |
| 3022 | Hartford Insurance Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 425589 |
| 1780 | Marsh & McLennan Companies, Inc. | &nbsp;&nbsp;&nbsp; 332397 |
| 3218 | MetLife, Inc. | &nbsp;&nbsp;&nbsp; 231921 |
| 2829 | W R Berkley Corporation | &nbsp;&nbsp;&nbsp; 202839 |
|  |  | &nbsp;&nbsp; 1310296 |
|  | **INTERNET MEDIA & SERVICES - 10.9%** |  |
| 4850 | Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp; 1512036 |
| 1244 | Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp; 387419 |
| 1737 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 1125889 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.3% (Continued)** |  |
|  | **INTERNET MEDIA & SERVICES - 10.9% (Continued)** |  |
| 3194 | Netflix, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $307391 |
| 643 | Spotify Technology S.A.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 331106 |
| 2076 | Uber Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 156572 |
|  |  | &nbsp;&nbsp; 3820413 |
|  | **LEISURE FACILITIES & SERVICES - 2.1%** |  |
| 900 | Marriott International Inc, Class A | &nbsp;&nbsp;&nbsp; 307557 |
| 613 | McDonald's Corporation | &nbsp;&nbsp;&nbsp; 209070 |
| 741 | Royal Caribbean Cruises Ltd. | &nbsp;&nbsp;&nbsp; 230421 |
|  |  | &nbsp;&nbsp; 747048 |
|  | **MACHINERY - 2.9%** |  |
| 1257 | Caterpillar, Inc. | &nbsp;&nbsp;&nbsp; 933738 |
| 3737 | Mueller Water Products, Inc., Class A | &nbsp;&nbsp;&nbsp; 111848 |
|  |  | &nbsp;&nbsp; 1045586 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.6%** |  |
| 2140 | Boston Scientific Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 164459 |
| 530 | Stryker Corporation | &nbsp;&nbsp;&nbsp; 205354 |
| 373 | Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp; 194374 |
|  |  | &nbsp;&nbsp; 564187 |
|  | **METALS & MINING - 0.4%** |  |
| 2453 | Alcoa Corporation | &nbsp;&nbsp;&nbsp; 152282 |
|  | **OIL & GAS PRODUCERS - 3.3%** |  |
| 2550 | Chevron Corporation | &nbsp;&nbsp;&nbsp; 476237 |
| 2786 | ConocoPhillips | &nbsp;&nbsp;&nbsp; 316100 |
| 2311 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 352428 |
|  |  | &nbsp;&nbsp; 1144765 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 0.5%** |  |
| 5220 | Halliburton Company | &nbsp;&nbsp;&nbsp; 187920 |
|  | **RESIDENTIAL REIT - 0.4%** |  |
| 943 | Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;&nbsp; 126230 |
|  | **RETAIL - CONSUMER STAPLES - 2.3%** |  |
| 1070 | BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 105705 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.3% (Continued)** |  |
|  | **RETAIL - CONSUMER STAPLES - 2.3% (Continued)** |  |
| 5511 | Walmart, Inc. | &nbsp;&nbsp;&nbsp; $705133 |
|  |  | &nbsp;&nbsp; 810838 |
|  | **RETAIL - DISCRETIONARY - 2.1%** |  |
| 1026 | Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp; 390618 |
| 2216 | TJX Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 358239 |
|  |  | &nbsp;&nbsp; 748857 |
|  | **SEMICONDUCTORS - 12.1%** |  |
| 1782 | Advanced Micro Devices, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 356774 |
| 911 | Analog Devices, Inc. | &nbsp;&nbsp;&nbsp; 324125 |
| 1014 | Applied Materials, Inc. | &nbsp;&nbsp;&nbsp; 377512 |
| 1725 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp; 551224 |
| 4345 | Intel Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 198175 |
| 1162 | Lam Research Corporation | &nbsp;&nbsp;&nbsp; 271780 |
| 12375 | NVIDIA Corporation | &nbsp;&nbsp;&nbsp; 2192726 |
|  |  | &nbsp;&nbsp; 4272316 |
|  | **SOFTWARE - 7.2%** |  |
| 865 | Cadence Design Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 260711 |
| 3386 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; 1329817 |
| 848 | Okta, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 61480 |
| 752 | Oracle Corporation | &nbsp;&nbsp;&nbsp; 109341 |
| 859 | Palantir Technologies, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 117846 |
| 1099 | Palo Alto Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 163663 |
| 740 | Salesforce, Inc. | &nbsp;&nbsp;&nbsp; 144145 |
| 1058 | ServiceNow, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 114275 |
| 993 | Twilio, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 120113 |
| 1271 | Zoom Video Communications, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 93978 |
|  |  | &nbsp;&nbsp; 2515369 |
|  | **SPECIALTY FINANCE - 2.0%** |  |
| 1664 | American Express Company | &nbsp;&nbsp;&nbsp; 514010 |
| 878 | Capital One Financial Corporation | &nbsp;&nbsp;&nbsp; 171772 |
|  |  | &nbsp;&nbsp; 685782 |
|  | **TECHNOLOGY HARDWARE - 7.6%** |  |
| 5577 | Apple, Inc. | &nbsp;&nbsp;&nbsp; 1473332 |
| 998 | Arista Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 133233 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** | **ZACKS ALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.3% (Continued)** |  |
|  | **TECHNOLOGY HARDWARE - 7.6% (Continued)** |  |
| 3887 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; $308861 |
| 2500 | Corning, Inc. | &nbsp;&nbsp;&nbsp; 375950 |
| 539 | Fabrinet<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 294095 |
| 1323 | Pure Storage, Inc., CLASS A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 84963 |
|  |  | &nbsp;&nbsp; 2670434 |
|  | **TECHNOLOGY SERVICES - 1.9%** |  |
| 713 | International Business Machines Corporation | &nbsp;&nbsp;&nbsp; 171270 |
| 857 | Leidos Holdings, Inc. | &nbsp;&nbsp;&nbsp; 150061 |
| 549 | Moody's Corporation | &nbsp;&nbsp;&nbsp; 262196 |
| 2987 | Toast, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 81575 |
|  |  | &nbsp;&nbsp; 665102 |
|  | **TELECOMMUNICATIONS - 1.3%** |  |
| 4980 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 139490 |
| 1414 | T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp; 306965 |
|  |  | &nbsp;&nbsp; 446455 |
|  | **TOTAL COMMON STOCKS (Cost $18,153,025)** | &nbsp;&nbsp; 34532359 |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENT — 1.7%** |  |
|  | **MONEY MARKET FUND - 1.7%** |  |
| 580005 | Federated Hermes Treasury Obligations Fund, Institutional Class, 3.55% (Cost $580,005)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 580005 |
|  | **TOTAL INVESTMENTS - 100.0% (Cost $18,733,030)** | &nbsp;&nbsp;&nbsp; $35112364 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.0%** | &nbsp;&nbsp; 6164 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $35118528 |

---

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> Rate disclosed is the seven day effective yield as of February 28, 2026.

---

| | | |
|:---|:---|:---|
| **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1%** |  |
|  | **AEROSPACE & DEFENSE - 2.0%** |  |
| 1863 | Moog, Inc., Class A | &nbsp;&nbsp;&nbsp; $628632 |
|  | **APPAREL & TEXTILE PRODUCTS - 0.5%** |  |
| 5653 | Movado Group, Inc. | &nbsp;&nbsp;&nbsp; 141042 |
|  | **BANKING - 18.9%** |  |
| 2684 | Bank of NT Butterfield & Son Ltd. (The) | &nbsp;&nbsp;&nbsp; 136213 |
| 4928 | Bank7 Corporation | &nbsp;&nbsp;&nbsp; 200471 |
| 1536 | Bar Harbor Bankshares | &nbsp;&nbsp;&nbsp; 49551 |
| 2312 | Byline Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 72134 |
| 9943 | Capital City Bank Group, Inc. | &nbsp;&nbsp;&nbsp; 426008 |
| 25300 | Community West Bancshares | &nbsp;&nbsp;&nbsp; 587719 |
| 4323 | FB Financial Corporation | &nbsp;&nbsp;&nbsp; 236425 |
| 3223 | Five Star Bancorp | &nbsp;&nbsp;&nbsp; 125471 |
| 22009 | HBT Financial, Inc. | &nbsp;&nbsp;&nbsp; 593363 |
| 7139 | HomeTrust Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 300837 |
| 6923 | Mercantile Bank Corporation | &nbsp;&nbsp;&nbsp; 357642 |
| 36681 | Ponce Financial Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 596067 |
| 25613 | Shore Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 475890 |
| 3510 | Sierra Bancorp | &nbsp;&nbsp;&nbsp; 126290 |
| 14995 | SmartFinancial, Inc. | &nbsp;&nbsp;&nbsp; 587954 |
| 14019 | South Plains Financial, Inc. | &nbsp;&nbsp;&nbsp; 574218 |
| 6020 | Southern Missouri Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 372698 |
| 762 | Third Coast Bancshares, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 30183 |
|  |  | &nbsp;&nbsp; 5849134 |
|  | **BIOTECH & PHARMA - 3.3%** |  |
| 293 | Bright Minds Biosciences, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 24559 |
| 6785 | Indivior Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 222006 |
| 10985 | Phibro Animal Health Corporation, Class A | &nbsp;&nbsp;&nbsp; 599671 |
| 6181 | Rapport Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 179434 |
|  |  | &nbsp;&nbsp; 1025670 |
|  | **CABLE & SATELLITE - 1.7%** |  |
| 67262 | Liberty Latin America Ltd., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 527335 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **CHEMICALS - 3.6%** |  |
| 2826 | Balchem Corporation | &nbsp;&nbsp;&nbsp; $512721 |
| 6716 | Intrepid Potash, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 248291 |
| 2244 | Materion Corporation | &nbsp;&nbsp;&nbsp; 365907 |
|  |  | &nbsp;&nbsp; 1126919 |
|  | **COMMERCIAL SUPPORT SERVICES - 3.9%** |  |
| 918 | CRA International, Inc. | &nbsp;&nbsp;&nbsp; 158502 |
| 3435 | Huron Consulting Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 485709 |
| 38165 | Quad/Graphics, Inc. | &nbsp;&nbsp;&nbsp; 263720 |
| 4220 | V2X, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 294345 |
|  |  | &nbsp;&nbsp; 1202276 |
|  | **CONSUMER SERVICES - 0.6%** |  |
| 4940 | Coursera, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 31665 |
| 5058 | Laureate Education, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 163576 |
|  |  | &nbsp;&nbsp; 195241 |
|  | **ELECTRICAL EQUIPMENT - 7.2%** |  |
| 9654 | Allient, Inc. | &nbsp;&nbsp;&nbsp; 635620 |
| 1936 | ESCO Technologies, Inc. | &nbsp;&nbsp;&nbsp; 536833 |
| 330 | Kimball Electronics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8247 |
| 7005 | nLight, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 393611 |
| 2743 | SPX Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 622496 |
|  |  | &nbsp;&nbsp; 2196807 |
|  | **ENGINEERING & CONSTRUCTION - 3.7%** |  |
| 448 | Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp; 640358 |
| 7330 | Frontdoor, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 502618 |
|  |  | &nbsp;&nbsp; 1142976 |
|  | **FOOD - 0.2%** |  |
| 701 | John B Sanfilippo & Son, Inc. | &nbsp;&nbsp;&nbsp; 57910 |
|  | **HEALTH CARE FACILITIES & SERVICES - 3.3%** |  |
| 11348 | Guardian Pharmacy Services, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 380271 |
| 35907 | Innovage Holding Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 321727 |
| 45289 | LifeStance Health Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 327892 |
|  |  | &nbsp;&nbsp; 1029890 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **HOME CONSTRUCTION - 0.9%** |  |
| 9679 | Forestar Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $277981 |
|  | **HOUSEHOLD PRODUCTS - 0.4%** |  |
| 3655 | Central Garden & Pet Company, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 126244 |
|  | **INDUSTRIAL INTERMEDIATE PROD - 3.1%** |  |
| 4207 | AZZ, Inc. | &nbsp;&nbsp;&nbsp; 572068 |
| 6400 | Proto Labs, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 397312 |
|  |  | &nbsp;&nbsp; 969380 |
|  | **INDUSTRIAL SUPPORT SERVICES - 1.7%** |  |
| 17862 | Newpark Resources, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 257749 |
| 7075 | Resideo Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 273802 |
|  |  | &nbsp;&nbsp; 531551 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 1.3%** |  |
| 3500 | Marex Group plc | &nbsp;&nbsp;&nbsp; 152110 |
| 1854 | StoneX Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 236385 |
|  |  | &nbsp;&nbsp; 388495 |
|  | **INSURANCE - 2.5%** |  |
| 10590 | American Coastal Insurance Corporation | &nbsp;&nbsp;&nbsp; 120620 |
| 180 | Palomar Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 22268 |
| 15518 | United Fire Group, Inc. | &nbsp;&nbsp;&nbsp; 603030 |
| 836 | Universal Insurance Holdings, Inc. | &nbsp;&nbsp;&nbsp; 29402 |
|  |  | &nbsp;&nbsp; 775320 |
|  | **INTERNET MEDIA & SERVICES - 0.7%** |  |
| 14278 | EverQuote, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225592 |
|  | **LEISURE FACILITIES & SERVICES - 2.9%** |  |
| 21500 | Accel Entertainment, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 244240 |
| 83736 | Global Business Travel Group I<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 458036 |
| 15600 | Super Group SGHC Ltd. | &nbsp;&nbsp;&nbsp; 166920 |
|  |  | &nbsp;&nbsp; 869196 |
|  | **MACHINERY - 5.1%** |  |
| 4706 | Federal Signal Corporation | &nbsp;&nbsp;&nbsp; 547919 |
| 2956 | Gorman-Rupp Company (The) | &nbsp;&nbsp;&nbsp; 189864 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **MACHINERY - 5.1% (Continued)** |  |
| 3923 | Graham Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $318626 |
| 1471 | Watts Water Technologies, Inc., Class A | &nbsp;&nbsp;&nbsp; 483577 |
|  |  | &nbsp;&nbsp; 1539986 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.9%** |  |
| 5927 | Pulse Biosciences, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 111013 |
| 7482 | SI-BONE, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 116121 |
| 27701 | Varex Imaging Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 364822 |
|  |  | &nbsp;&nbsp; 591956 |
|  | **METALS & MINING - 1.9%** |  |
| 22969 | Hecla Mining Company | &nbsp;&nbsp;&nbsp; 572158 |
|  | **MULTI ASSET CLASS REIT - 1.5%** |  |
| 19958 | One Liberty Properties, Inc. | &nbsp;&nbsp;&nbsp; 468813 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 1.3%** |  |
| 30260 | Oil States International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 396103 |
|  | **REAL ESTATE SERVICES - 1.5%** |  |
| 31394 | Newmark Group, Inc., Class A | &nbsp;&nbsp;&nbsp; 455841 |
|  | **RENEWABLE ENERGY - 0.4%** |  |
| 684 | EnerSys | &nbsp;&nbsp;&nbsp; 113647 |
|  | **RETAIL - DISCRETIONARY - 1.5%** |  |
| 35270 | Envela Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 474734 |
|  | **SEMICONDUCTORS - 3.5%** |  |
| 4293 | FormFactor, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 424492 |
| 5645 | Kulicke & Soffa Industries, Inc. | &nbsp;&nbsp;&nbsp; 393569 |
| 673 | SiTime Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 267773 |
|  |  | &nbsp;&nbsp; 1085834 |
|  | **SOFTWARE - 3.6%** |  |
| 5730 | Adeia, Inc. | &nbsp;&nbsp;&nbsp; 118554 |
| 11700 | Appian Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 312039 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **SOFTWARE - 3.6% (Continued)** |  |
| 19900 | Backblaze, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $74824 |
| 37570 | EverCommerce, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 431303 |
| 8027 | Intapp, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180046 |
|  |  | &nbsp;&nbsp; 1116766 |
|  | **SPECIALTY FINANCE - 4.0%** |  |
| 3293 | Atlanticus Holdings Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 172257 |
| 1700 | LendingTree, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 63529 |
| 2562 | Nelnet, Inc., Class A | &nbsp;&nbsp;&nbsp; 331677 |
| 38585 | OppFi, Inc. | &nbsp;&nbsp;&nbsp; 354209 |
| 24725 | Paysign, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 87774 |
| 13637 | PRA Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 214783 |
|  |  | &nbsp;&nbsp; 1224229 |
|  | **STEEL - 3.6%** |  |
| 1611 | Carpenter Technology Corporation | &nbsp;&nbsp;&nbsp; 641290 |
| 5876 | Northwest Pipe Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 455978 |
|  |  | &nbsp;&nbsp; 1097268 |
|  | **TECHNOLOGY HARDWARE - 4.0%** |  |
| 4468 | Credo Technology Group Holding Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 501622 |
| 7078 | Sight Sciences, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 36522 |
| 6059 | TTM Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 631591 |
| 252 | Vicor Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 50753 |
|  |  | &nbsp;&nbsp; 1220488 |
|  | **TECHNOLOGY SERVICES - 1.1%** |  |
| 3620 | LiveRamp Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 98355 |
| 2408 | MAXIMUS, Inc. | &nbsp;&nbsp;&nbsp; 182069 |
| 16685 | Telos Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 67074 |
|  |  | &nbsp;&nbsp; 347498 |
|  | **TELECOMMUNICATIONS - 0.2%** |  |
| 4360 | Spok Holdings, Inc. | &nbsp;&nbsp;&nbsp; 52930 |
|  | **TRANSPORTATION & LOGISTICS - 0.3%** |  |
| 10121 | Pangaea Logistics Solutions Ltd. | &nbsp;&nbsp;&nbsp; 94631 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** | **ZACKS SMALL-CAP CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **WHOLESALE - CONSUMER STAPLES - 0.3%** |  |
| 5880 | Mission Produce, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $83437 |
|  | **TOTAL COMMON STOCKS (Cost $24,432,607)** | &nbsp;&nbsp; 30223910 |
|  | **TOTAL INVESTMENTS - 98.1% (Cost $24,432,607)** | &nbsp;&nbsp;&nbsp; $30223910 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 1.9%** | &nbsp;&nbsp; 575859 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $30799769 |

---

<sup>(a)</sup> Non-income producing security.

---

| | | |
|:---|:---|:---|
| **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.4%** |  |
|  | **AEROSPACE & DEFENSE - 3.5%** |  |
| 5123 | General Dynamics Corporation | &nbsp;&nbsp;&nbsp; $1829167 |
| 3870 | L3Harris Technologies, Inc. | &nbsp;&nbsp;&nbsp; 1410770 |
| 2457 | Lockheed Martin Corporation, Class B | &nbsp;&nbsp;&nbsp; 1616903 |
|  |  | &nbsp;&nbsp; 4856840 |
|  | **ASSET MANAGEMENT - 2.2%** |  |
| 2822 | Blackrock, Inc. | &nbsp;&nbsp;&nbsp; 3000435 |
|  | **BANKING - 11.3%** |  |
| 33629 | Bank of America Corporation | &nbsp;&nbsp;&nbsp; 1675733 |
| 12112 | Citigroup, Inc. | &nbsp;&nbsp;&nbsp; 1334621 |
| 13823 | Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 832006 |
| 39074 | Fifth Third Bancorp | &nbsp;&nbsp;&nbsp; 1932991 |
| 14730 | JPMorgan Chase & Company | &nbsp;&nbsp;&nbsp; 4423419 |
| 6498 | PNC Financial Services Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 1379850 |
| 33154 | US Bancorp | &nbsp;&nbsp;&nbsp; 1812198 |
| 24575 | Wells Fargo & Company | &nbsp;&nbsp;&nbsp; 2001634 |
|  |  | &nbsp;&nbsp; 15392452 |
|  | **BEVERAGES - 2.6%** |  |
| 25954 | Coca-Cola Company (The) | &nbsp;&nbsp;&nbsp; 2116808 |
| 8819 | PepsiCo, Inc. | &nbsp;&nbsp;&nbsp; 1496937 |
|  |  | &nbsp;&nbsp; 3613745 |
|  | **BIOTECH & PHARMA - 8.4%** |  |
| 11940 | AbbVie, Inc. | &nbsp;&nbsp;&nbsp; 2771035 |
| 7600 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 1132020 |
| 14953 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 3714774 |
| 19452 | Merck & Company, Inc. | &nbsp;&nbsp;&nbsp; 2408547 |
| 51899 | Pfizer, Inc. | &nbsp;&nbsp;&nbsp; 1435007 |
|  |  | &nbsp;&nbsp; 11461383 |
|  | **CABLE & SATELLITE - 0.7%** |  |
| 30279 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; 937438 |
|  | **DIVERSIFIED INDUSTRIALS - 3.4%** |  |
| 4609 | Parker-Hannifin Corporation | &nbsp;&nbsp;&nbsp; 4651311 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.4% (Continued)** |  |
|  | **ELECTRIC UTILITIES - 3.2%** |  |
| 9729 | American Electric Power Company, Inc. | &nbsp;&nbsp;&nbsp; $1301935 |
| 16028 | Public Service Enterprise Group, Inc. | &nbsp;&nbsp;&nbsp; 1379530 |
| 18067 | Southern Company (The) | &nbsp;&nbsp;&nbsp; 1759364 |
|  |  | &nbsp;&nbsp; 4440829 |
|  | **GAMING REITS - 0.4%** |  |
| 12029 | Gaming and Leisure Properties, Inc. | &nbsp;&nbsp;&nbsp; 588338 |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.3%** |  |
| 3663 | Cigna Group (The) | &nbsp;&nbsp;&nbsp; 1061611 |
| 2671 | UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp; 783324 |
|  |  | &nbsp;&nbsp; 1844935 |
|  | **HEALTH CARE REIT - 0.4%** |  |
| 30407 | Healthpeak Properties, Inc. | &nbsp;&nbsp;&nbsp; 537596 |
|  | **HOUSEHOLD PRODUCTS - 2.4%** |  |
| 19836 | Procter & Gamble Company (The) | &nbsp;&nbsp;&nbsp; 3316579 |
|  | **INDUSTRIAL REIT - 1.7%** |  |
| 15785 | Prologis, Inc. | &nbsp;&nbsp;&nbsp; 2250468 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 2.5%** |  |
| 20157 | Bank of New York Mellon Corporation (The) | &nbsp;&nbsp;&nbsp; 2400699 |
| 5788 | Morgan Stanley | &nbsp;&nbsp;&nbsp; 963760 |
|  |  | &nbsp;&nbsp; 3364459 |
|  | **INSURANCE - 4.2%** |  |
| 7082 | Arthur J. Gallagher & Company | &nbsp;&nbsp;&nbsp; 1616112 |
| 30162 | MetLife, Inc. | &nbsp;&nbsp;&nbsp; 2173775 |
| 20128 | Prudential Financial, Inc. | &nbsp;&nbsp;&nbsp; 1980193 |
|  |  | &nbsp;&nbsp; 5770080 |
|  | **INTERNET MEDIA & SERVICES - 3.3%** |  |
| 8376 | Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp; 2611302 |
| 2838 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 1839535 |
|  |  | &nbsp;&nbsp; 4450837 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.4% (Continued)** |  |
|  | **LEISURE FACILITIES & SERVICES - 1.5%** |  |
| 6089 | McDonald's Corporation | &nbsp;&nbsp;&nbsp; $2076714 |
|  | **MACHINERY - 5.5%** |  |
| 5833 | Caterpillar, Inc. | &nbsp;&nbsp;&nbsp; 4332927 |
| 2947 | Deere & Company | &nbsp;&nbsp;&nbsp; 1855755 |
| 12691 | Pentair PLC | &nbsp;&nbsp;&nbsp; 1258820 |
|  |  | &nbsp;&nbsp; 7447502 |
|  | **MEDICAL EQUIPMENT & DEVICES - 3.1%** |  |
| 8191 | Abbott Laboratories | &nbsp;&nbsp;&nbsp; 953023 |
| 6356 | Becton Dickinson and Company | &nbsp;&nbsp;&nbsp; 1121707 |
| 3703 | Danaher Corporation | &nbsp;&nbsp;&nbsp; 780000 |
| 13829 | Medtronic PLC | &nbsp;&nbsp;&nbsp; 1350540 |
|  |  | &nbsp;&nbsp; 4205270 |
|  | **MULTI ASSET CLASS REIT - 0.7%** |  |
| 13039 | WP Carey, Inc. | &nbsp;&nbsp;&nbsp; 973361 |
|  | **OIL & GAS PRODUCERS - 7.5%** |  |
| 21979 | ConocoPhillips | &nbsp;&nbsp;&nbsp; 2493737 |
| 28435 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 4336337 |
| 9555 | HF Sinclair Corporation | &nbsp;&nbsp;&nbsp; 477846 |
| 70417 | Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp; 2342774 |
| 12691 | Ovintiv, Inc. | &nbsp;&nbsp;&nbsp; 642038 |
|  |  | &nbsp;&nbsp; 10292732 |
|  | **REAL ESTATE INVESTMENT TRUSTS - 0.8%** |  |
| 12436 | Crown Castle, Inc. | &nbsp;&nbsp;&nbsp; 1113519 |
|  | **RETAIL - CONSUMER STAPLES - 2.7%** |  |
| 28396 | Walmart, Inc. | &nbsp;&nbsp;&nbsp; 3633268 |
|  | **RETAIL - DISCRETIONARY - 3.6%** |  |
| 7169 | Ferguson Enterprises, Inc. | &nbsp;&nbsp;&nbsp; 1869388 |
| 7942 | Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp; 3023679 |
|  |  | &nbsp;&nbsp; 4893067 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.4% (Continued)** |  |
|  | **SEMICONDUCTORS - 2.8%** |  |
| 6801 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp; $2173261 |
| 11478 | QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp; 1634008 |
|  |  | &nbsp;&nbsp; 3807269 |
|  | **SOFTWARE - 1.8%** |  |
| 6445 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; 2531209 |
|  | **SPECIALTY FINANCE - 0.5%** |  |
| 14084 | Fidelity National Financial, Inc. | &nbsp;&nbsp;&nbsp; 744762 |
|  | **SPECIALTY REITS - 1.0%** |  |
| 10031 | Lamar Advertising Company, Class A | &nbsp;&nbsp;&nbsp; 1381670 |
|  | **TECHNOLOGY HARDWARE - 2.5%** |  |
| 42738 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 3395961 |
|  | **TECHNOLOGY SERVICES - 2.6%** |  |
| 2750 | Accenture PLC, Class A | &nbsp;&nbsp;&nbsp; 573980 |
| 3311 | Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp; 709746 |
| 3587 | Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp; 666716 |
| 6551 | International Business Machines Corporation | &nbsp;&nbsp;&nbsp; 1573615 |
|  |  | &nbsp;&nbsp; 3524057 |
|  | **TELECOMMUNICATIONS - 3.1%** |  |
| 67592 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 1893252 |
| 47624 | Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp; 2387867 |
|  |  | &nbsp;&nbsp; 4281119 |
|  | **TOBACCO & CANNABIS - 3.7%** |  |
| 22016 | Altria Group, Inc. | &nbsp;&nbsp;&nbsp; 1519985 |
| 18703 | Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp; 3494282 |
|  |  | &nbsp;&nbsp; 5014267 |
|  | **TRANSPORTATION & LOGISTICS - 3.0%** |  |
| 40882 | CSX Corporation | &nbsp;&nbsp;&nbsp; 1745252 |
| 26434 | Delta Air Lines, Inc. | &nbsp;&nbsp;&nbsp; 1736714 |
| 4934 | United Parcel Service, Inc., Class B | &nbsp;&nbsp;&nbsp; 572147 |
|  |  | &nbsp;&nbsp; 4054113 |

---

---

| | | |
|:---|:---|:---|
| **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** | **ZACKS DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.4% (Continued)** |  |
|  | **TRANSPORTATION EQUIPMENT - 1.5%** |  |
| 3523 | Cummins, Inc. | &nbsp;&nbsp;&nbsp; $2056974 |
|  | **TOTAL COMMON STOCKS (Cost $93,702,853)** | &nbsp;&nbsp; 135904559 |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENT — 0.6%** |  |
|  | **MONEY MARKET FUND - 0.6%** |  |
| 869902 | Federated Hermes Treasury Obligations Fund, Institutional Class, 3.55% (Cost $869,902)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 869902 |
|  | **TOTAL INVESTMENTS - 100.0% (Cost $94,572,755)** | &nbsp;&nbsp;&nbsp; $136774461 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.0%** | &nbsp;&nbsp; 49661 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $136824122 |

---

<sup>(a)</sup> Rate disclosed is the seven day effective yield as of February 28, 2026.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Zacks Trust

- **b. Investment Company Act file number:** 811-23435

- **c. CIK number of Registrant:** 0001760588

- **d. LEI of Registrant:** 549300OYEV0F3420ER30

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

  - **Street Address 1:** 227 West Monroe Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-265-9359

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

- **a. Name of Series:** Zacks Dividend Fund

- **b. EDGAR series identifier (if any):** S000081340

- **c. LEI of Series:** 529900K8WKSFO0BV9D88

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-28

**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:** $137227450.01

**Total Liabilities:** $403328.26

**Net Assets:** $136824121.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244047 | 0.37%                | 4.26%                | 2.21%                |
| Class ID C000244048 | 0.40%                | 4.28%                | 2.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $864958.35               | $-595169.82                                |
| Month 2  | $619503.64               | $4765008.56                                |
| Month 3  | $315864.09               | $2523752.98                                |

### Schedule of Portfolio Investments

| Name                                         | Title            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Johnson & Johnson                            | JOHNSON&JOHNSON  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     14953 | NS      | $3714773.79   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation                  | LOCKHEED MARTIN  | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      2457 | NS      | $1616902.56   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                  | WALMART INC      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     28396 | NS      | $3633268.20   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.        | IBM              | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      6551 | NS      | $1573615.71   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                                 | SOUTHERN CO      | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     18067 | NS      | $1759364.46   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                                | PROLOGIS INC     | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     15785 | NS      | $2250467.45   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp.                            | HF SINCLAIR CORP | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |      9555 | NS      | $477845.55    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                  | ABBVIE INC       | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     11940 | NS      | $2771035.20   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation                 | GENERAL DYNAMICS | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      5123 | NS      | $1829167.15   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                                | QUALCOMM INC     | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     11478 | NS      | $1634008.08   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                  | VERIZON COMMUNIC | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     47624 | NS      | $2387867.36   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                             | ARTHUR J GALLAGH | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      7082 | NS      | $1616112.40   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| W. P. Carey Inc                              | WP CAREY INC     | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     13039 | NS      | $973361.35    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                    | HEALTHPEAK PROPE | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |     30407 | NS      | $537595.76    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.             | PHILIP MORRIS IN | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     18703 | NS      | $3494281.49   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                  | PEPSICO INC      | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      8819 | NS      | $1496937.06   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                               | MORGAN STANLEY   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      5788 | NS      | $963759.88    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                     | PROCTER & GAMBLE | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     19836 | NS      | $3316579.20   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc.                                 | METLIFE INC      | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     30162 | NS      | $2173775.34   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                            | EXXON MOBIL CORP | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     28435 | NS      | $4336337.50   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                               | CONOCOPHILLIPS   | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     21979 | NS      | $2493737.34   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                                | US BANCORP       | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     33154 | NS      | $1812197.64   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                          | DANAHER CORP     | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      3703 | NS      | $779999.92    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                  | PFIZER INC       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     51899 | NS      | $1435007.35   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                               | CITIGROUP INC    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     12112 | NS      | $1334621.28   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                              | CSX CORP         | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     40882 | NS      | $1745252.58   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Incorporated | PUB SERV ENTERP  | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     16028 | NS      | $1379529.96   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                          | COMCAST CORP-A   | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     30279 | NS      | $937437.84    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                          | ABBOTT LABS      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      8191 | NS      | $953022.85    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                        | PARKER HANNIFIN  | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      4609 | NS      | $4651310.62   | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.              | AUTOMATIC DATA   | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      3311 | NS      | $709745.96    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                     | AT&T INC         | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     67592 | NS      | $1893251.92   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc.                                 | CUMMINS INC      | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      3523 | NS      | $2056974.01   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                  | PENTAIR PLC      | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |     12691 | NS      | $1258820.29   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                              | CATERPILLAR INC  | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      5833 | NS      | $4332927.39   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                           | ALTRIA GROUP INC | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     22016 | NS      | $1519984.64   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                | ACCENTURE PLC-A  | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      2750 | NS      | $573980.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc                   | L3HARRIS TECHNOL | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      3870 | NS      | $1410769.80   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company                    | LAMAR ADVERTIS-A | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     10031 | NS      | $1381669.94   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                   | PRUDENTL FINL    | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     20128 | NS      | $1980192.64   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.            | BANK NY MELLON   | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     20157 | NS      | $2400698.70   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                          | CISCO SYSTEMS    | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     42738 | NS      | $3395961.48   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust               | FH-TR OBL-INS    | CUSIP: 60934N500<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    869902 | PA      | $869902.46    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                          | KINDER MORGAN IN | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     70417 | NS      | $2342773.59   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                         | GILEAD SCIENCES  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      7600 | NS      | $1132020.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                             | MCDONALDS CORP   | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      6089 | NS      | $2076714.34   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | META PLATFORMS-A | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2838 | NS      | $1839534.84   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                          | FIFTH THIRD BANC | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     39074 | NS      | $1932990.78   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                               | BLACKROCK INC    | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      2822 | NS      | $3000435.06   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMORGAN CHASE   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     14730 | NS      | $4423419.00   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | MICROSOFT CORP   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      6445 | NS      | $2531209.30   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                  | UNITED PARCEL-B  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      4934 | NS      | $572146.64    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                | MEDTRONIC PLC    | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     13829 | NS      | $1350540.14   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.            | PNC FINANCIAL SE | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      6498 | NS      | $1379850.30   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                           | COCA-COLA CO/THE | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     25954 | NS      | $2116808.24   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                              | DEERE & CO       | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      2947 | NS      | $1855755.37   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                 | CITIZENS FINANCI | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     13823 | NS      | $832006.37    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | BROADCOM INC     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      6801 | NS      | $2173259.55   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc            | GAMING AND LEISU | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     12029 | NS      | $588338.39    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc.                         | DELTA AIR LI     | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     26434 | NS      | $1736713.80   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                            | WELLS FARGO & CO | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     24575 | NS      | $2001633.75   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company                | BECTON DICKINSON | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      6356 | NS      | $1121706.88   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.             | AMERICAN ELECTRI | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      9729 | NS      | $1301934.78   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | BANK OF AMERICA  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     33629 | NS      | $1675733.07   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                              | HOME DEPOT INC   | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      7942 | NS      | $3023678.24   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                              | THE CIGNA GROUP  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      3663 | NS      | $1061610.66   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                                  | OVINTIV INC      | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     12691 | NS      | $642037.69    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                             | MERCK & CO       | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     19452 | NS      | $2408546.64   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                            | CROWN CASTLE INC | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     12436 | NS      | $1113519.44   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.            | FIDELITY NATIONA | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     14084 | NS      | $744761.92    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.          | BROADRIDGE FINL  | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      3587 | NS      | $666715.69    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | ALPHABET INC-A   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      8376 | NS      | $2611301.76   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                     | FERGUSON ENTERPR | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      7169 | NS      | $1869388.44   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                      | UNITEDHEALTH GRP | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2671 | NS      | $783324.17    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

**Name of Applicant:** Zacks Trust

**Signature:** Edward Kelly

**Name of Signer:** Edward Kelly

**Title:** Assistant Treasurer