# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-25-002503
**Filing Date:** 2025-10
**Character Count:** 86217
**Document Hash:** 55c511fe98b41078dd558dbdf32f9665
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002503.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002503

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ultimus Managers Trust
- **CENTRAL INDEX KEY:** 0001545440

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22680
- **FILM NUMBER:** 251426471

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Blueprint Adaptive Growth Allocation Fund (Series ID: S000068289)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000218613 | Institutional Class | BLUIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Ultimus Managers Trust

- **b. Investment Company Act file number:** 811-22680

- **c. CIK number of Registrant:** 0001545440

- **d. LEI of Registrant:** 549300FU214TAR7BFY91

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND

- **b. EDGAR series identifier (if any):** S000068289

- **c. LEI of Series:** 549300SN3BLRR6DNB365

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $190851425.69

**Total Liabilities:** $203787.63

**Net Assets:** $190647638.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218613 | 4.20%                | 1.06%                | 2.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $11368.76                | $7321851.87                                |
| Month 2  | $396356.79               | $1721223.20                                |
| Month 3  | $-770236.02              | $4802547.08                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Boot Barn Holdings Inc                 | Boot Barn Holdings, Inc.                                      | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |       963 | NS      | $171192.51    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                      | Johnson & Johnson                                             | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      6382 | NS      | $1130698.94   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander, S.A.                  | Banco Santander S.A. ADR                                      | CUSIP: 05964H105<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |     56737 | NS      | $540703.61    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation           | Costco Wholesale Corporation                                  | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       627 | NS      | $591461.64    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                           | Doximity, Inc.                                                | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3302 | NS      | $224337.88    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                         | SYNNEX Corporation                                            | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      1595 | NS      | $236171.65    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastec, Inc.                           | MasTec, Inc.                                                  | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |      1782 | NS      | $323771.58    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                    | Walt Disney Company (The)                                     | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      5222 | NS      | $618180.36    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc.   | Applied Industrial Technologies, Inc.                         | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |       828 | NS      | $218244.24    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.    | Mitsubishi UFJ Financial Group, Inc. ADR                      | CUSIP: 606822104<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |     31009 | NS      | $474127.61    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation              | First Horizon National Corporation                            | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     13358 | NS      | $301890.80    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                          | iShares China Large-Cap ETF                                   | CUSIP: 464287184<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     75177 | NS      | $2925137.07   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                      | Crown Castle, Inc. REIT                                       | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      4980 | NS      | $493717.20    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Axa SA                                 | AXA S.A. ADR                                                  | CUSIP: 054536107<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |      8871 | NS      | $413876.51    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian PLC                           | Experian plc Sponsored ADR                                    | CUSIP: 30215C101<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | US        |      8569 | NS      | $442931.61    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                            | iShares MSCI Turkey ETF                                       | CUSIP: 464286715<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |      6131 | NS      | $216362.99    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.      | Bank of New York Mellon Corporation (The)                     | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      1994 | NS      | $210566.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                       | Merck & Company, Inc.                                         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      3448 | NS      | $290045.76    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                      | Siemens Energy AG Unsponsored ADR                             | CUSIP: 82621A104<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |      3945 | NS      | $418564.50    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries, Inc.                 | Dycom Industries, Inc.                                        | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |       626 | NS      | $158046.22    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                     | Altria Group, Inc.                                            | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      4599 | NS      | $309098.79    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares Trust                        | ULTRA S&P500 PROSHARES                                        | CUSIP: 74347R107<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |     18947 | NS      | $1994740.16   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries, Inc.       | Armstrong World Industries, Inc.                              | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      1376 | NS      | $269379.52    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                 | Guidewire Software, Inc.                                      | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      1400 | NS      | $303828.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                            | AbbVie, Inc.                                                  | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      5021 | NS      | $1056418.40   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel S.p.A.                            | Enel SpA ADR                                                  | CUSIP: 29265W207<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |     51233 | NS      | $470318.94    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                         | BNP Paribas S.A. ADR                                          | CUSIP: 05565A202<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     23359 | NS      | $1051388.59   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                           | UBS Group AG                                                  | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     11860 | NS      | $480567.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                        | Home Depot, Inc. (The)                                        | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      2682 | NS      | $1090957.14   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc.              | Digital Realty Trust, Inc. REIT                               | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      3603 | NS      | $604006.92    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC               | Lloyds Banking Group plc Sponsored ADR                        | CUSIP: 539439109<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | US        |    105613 | NS      | $456248.16    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc            | Sprouts Farmers Market, Inc.                                  | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      2537 | NS      | $356549.98    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc           | Thermo Fisher Scientific, Inc.                                | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       466 | NS      | $229607.52    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                      | ASML Holding N.V. - NY Registry Shares                        | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       299 | NS      | $222043.38    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey'S General Stores Inc.            | Casey's General Stores, Inc.                                  | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |       932 | NS      | $460892.64    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc               | Simon Property Group, Inc. REIT                               | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      6999 | NS      | $1264439.34   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                      | HSBC Holdings plc ADR                                         | CUSIP: 404280406<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |      7194 | NS      | $463797.18    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toronto-Dominion Bank              | Toronto-Dominion Bank (The) (Canada)                          | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |      6226 | NS      | $467821.64    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                         | Citigroup, Inc.                                               | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      4551 | NS      | $439490.07    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                              | Safran SA Unsponsored ADR                                     | CUSIP: 786584102<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      5574 | NS      | $461248.50    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                          | RB Global Inc.                                                | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |      4096 | NS      | $469155.84    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| National Australia Bank Ltd.           | National Australia Bank Ltd. ADR                              | CUSIP: 632525408<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | EC               | CORP              | US        |     33585 | NS      | $469854.15    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd, Hong Kong               | AIA Group Ltd. Sponsored ADR                                  | CUSIP: 001317205<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | US        |     12898 | NS      | $489866.04    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC           | British American Tobacco plc ADR                              | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | US        |      8547 | NS      | $486238.83    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                 | Texas Instruments, Inc.                                       | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      2567 | NS      | $519766.16    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                          | iShares MSCI China ETF                                        | CUSIP: 46429B671<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     49699 | NS      | $3047045.69   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC              | Janus Henderson Group plc                                     | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | US        |      4255 | NS      | $188581.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation              | Realty Income Corporation REIT                                | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     17897 | NS      | $1051627.72   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Caretrust Reit Inc                     | CareTrust REIT, Inc. REIT                                     | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |      4973 | NS      | $171120.93    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr Cooper Group Inc                    | MR Cooper Group, Inc.                                         | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |      1812 | NS      | $341616.36    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                    | Essilor International S.A. Unsponsored ADR                    | CUSIP: 297284200<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | US        |      2995 | NS      | $456737.50    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisdomtree Trust                       | WISDOMTREE FLOATNG RATE TREASURY FUND ETF                     | CUSIP: 97717Y527<br>LEI: 549300SEVJBU47TE8855 | Long             | EC               | RF                | US        |      9507 | NS      | $478107.03    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                     | Deutsche Boerse AG ADR                                        | CUSIP: 251542106<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |      7790 | NS      | $229415.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corporation               | Kimco Realty Corporation REIT                                 | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |     18935 | NS      | $425848.15    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                            | SHOPIFY, INC. CLASS A                                         | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | US        |      3913 | NS      | $552828.64    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc.                    | HOULIHAN LOKEY, INC.                                          | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      1535 | NS      | $305848.75    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.       | Philip Morris International, Inc.                             | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      4362 | NS      | $729021.06    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                           | Unilever plc Sponsored ADR                                    | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |      7376 | NS      | $466163.20    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                     | InterDigital, Inc.                                            | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |       920 | NS      | $249973.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Reinsurance AG                  | Muenchener Rueckversicherungs-Gesellschaft AG Unsponsored ADR | CUSIP: 626188106<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | US        |     18021 | NS      | $229587.54    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                              | Linde plc                                                     | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | US        |      2364 | NS      | $1130677.56   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK plc                                | GSK plc ADR                                                   | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | US        |     11539 | NS      | $457752.13    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                           | Barclays plc ADR                                              | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | US        |     22648 | NS      | $444580.24    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.            | Capital One Financial Corporation                             | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      1681 | NS      | $381956.82    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                          | Enbridge, Inc.                                                | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |      9713 | NS      | $469526.42    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X Funds                         | Global X MSCI Greece ETF                                      | CUSIP: 37954Y319<br>LEI: 5493003RA4QUTSYF1N15 | Long             | EC               | RF                | US        |      3477 | NS      | $219363.93    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                       | Amazon.com, Inc.                                              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     28547 | NS      | $6537263.00   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                            | Pfizer, Inc.                                                  | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      7745 | NS      | $191766.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola, S.A.                        | Iberdrola S.A. ADR                                            | CUSIP: 450737101<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |      5829 | NS      | $439331.73    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Kone Oyj                               | Kone OYJ Unsponsored ADR                                      | CUSIP: 50048H101<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |     14498 | NS      | $455092.22    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                        | EMCOR Group, Inc.                                             | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      1551 | NS      | $961620.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.           | Honeywell International, Inc.                                 | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       868 | NS      | $190526.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.                    | Clean Harbors, Inc.                                           | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |      1031 | NS      | $249718.51    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                             | Diageo plc ADR                                                | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | US        |      2043 | NS      | $228468.69    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.       | Omega Healthcare Investors, Inc. REIT                         | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |      7674 | NS      | $326682.18    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                          | Rio Tinto plc ADR                                             | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | US        |      3695 | NS      | $231750.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group Inc.            | Mizuho Financial Group, Inc. ADR                              | CUSIP: 60687Y109<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |     77437 | NS      | $511084.20    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                | Berkshire Hathaway, Inc. Class B                              | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      2974 | NS      | $1495862.52   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                            | ISHARES MSCI THAILAND INVESTABLE MARKET INDEX                 | CUSIP: 464286624<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |      7211 | NS      | $412829.75    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Nova Scotia                    | Bank of Nova Scotia                                           | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |      7955 | NS      | $496869.30    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                  | Schneider Electric SE ADR                                     | CUSIP: 80687P106<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      4602 | NS      | $226130.78    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                       | Duke Energy Corporation                                       | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      2182 | NS      | $267273.18    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                        | AstraZeneca plc ADR                                           | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | US        |      5763 | NS      | $460463.70    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                  | Bank of America Corporation                                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     19271 | NS      | $977810.54    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.            | Verizon Communications, Inc.                                  | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     11760 | NS      | $520144.80    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                           | Broadcom, Inc.                                                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     13368 | NS      | $3975509.52   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd.                              | Flex Ltd.                                                     | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | US        |      7540 | NS      | $404294.80    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation           | Encompass Health Corporation                                  | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      2333 | NS      | $284066.08    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                        | BAE Systems plc ADR                                           | CUSIP: 05523R107<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | US        |      4506 | NS      | $424645.44    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd.               | Recruit Holdings Co., Ltd ADR                                 | CUSIP: 75629J101<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | US        |     38914 | NS      | $444787.02    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.              | Goldman Sachs Group, Inc. (The)                               | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       910 | NS      | $678177.50    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                           | Southern Company                                              | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      2954 | NS      | $272654.20    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                          | Alphabet, Inc. Class A                                        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     14888 | NS      | $3169804.08   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiichi Sankyo Co Ltd.                 | Daiichi Sankyo Company Ltd. Sponsored ADR                     | CUSIP: 23381D102<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |      9325 | NS      | $222774.25    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company               | American Express Company                                      | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1564 | NS      | $518121.92    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc.                    | Planet Fitness, Inc. Class A                                  | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |      2243 | NS      | $235066.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd.               | Rheinmetall AG Unsponsored ADR                                | CUSIP: 75629J101<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | DE        |      1125 | NS      | $431561.25    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc          | Interactive Brokers Group, Inc. Class A                       | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     32327 | NS      | $2012032.48   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                          | U.S. Bancorp                                                  | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      4487 | NS      | $219100.21    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.               | Comfort Systems USA, Inc.                                     | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       902 | NS      | $634448.76    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.            | Advanced Micro Devices, Inc.                                  | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      4655 | NS      | $757042.65    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd.                           | Hitachi Ltd. ADR                                              | CUSIP: 433578507<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     15331 | NS      | $416696.58    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Gold Trust                     | iShares COMEX Gold Trust                                      | CUSIP: 464285204<br>LEI: 5493006UOY7GXQW0IP42 | Long             | EC               | RF                | US        |     71732 | NS      | $4669753.20   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Vici Properties Inc                    | Vici Properties, Inc                                          | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     26088 | NS      | $881252.64    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc.                   | Cal-Maine Foods, Inc.                                         | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      1887 | NS      | $218212.68    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                     | Meta Platforms, Inc. Class A                                  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      6381 | NS      | $4713644.70   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesfarmers Ltd.                        | Wesfarmers Ltd. Unsponsored ADR                               | CUSIP: 950840306<br>LEI: 5493003L32ZX9557ST85 | Long             | EC               | CORP              | AU        |     17113 | NS      | $513390.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                            | PepsiCo, Inc.                                                 | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      1830 | NS      | $272029.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                        | T-Mobile USA, Inc.                                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      1378 | NS      | $347242.22    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                | Piper Sandler Companies                                       | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |       470 | NS      | $156881.30    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust              | ULTRA S&P500 PROSHARES                                        | CUSIP: 25459W862<br>LEI: 549300M501IVJM50FG12 | Long             | EC               | RF                | US        |     14500 | NS      | $2798645.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                    | Cisco Systems, Inc.                                           | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     10958 | NS      | $757088.22    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Brambles Ltd.                          | Brambles Ltd. ADR                                             | CUSIP: 105105209<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     16289 | NS      | $552848.66    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company              | Lamar Advertising Company Class A                             | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |      2407 | NS      | $306290.75    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd.                | DBS Group Holdings Ltd. Sponsored ADR                         | CUSIP: 23304Y100<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | US        |      3052 | NS      | $480201.68    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss RE AG                            | SWISS RE AG ADR                                               | CUSIP: 870886108<br>LEI: 529900PS9YW3YY29F326 | Long             | EC               | CORP              | US        |      9555 | NS      | $433510.35    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                             | Unum Group                                                    | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |      3310 | NS      | $231236.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.               | SBA Communications Corporation                                | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      1474 | NS      | $301948.90    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Adidas AG                              | adidas AG ADR                                                 | CUSIP: 00687A107<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |     14248 | NS      | $444323.88    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                        | Core & Main Inc. - Class A                                    | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4325 | NS      | $279914.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                            | iShares MSCI South Korea Capped ETF                           | CUSIP: 464286772<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     43257 | NS      | $3124885.68   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Company              | National Fuel Gas Company                                     | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      3028 | NS      | $262648.72    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                          | iShares MSCI Qatar ETF                                        | CUSIP: 46434V779<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     11556 | NS      | $231120.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                            | iShares MSCI Taiwan ETF                                       | CUSIP: 46434G772<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     20466 | NS      | $1203810.12   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| NVent Electric PLC                     | nVent Electric PLC                                            | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3850 | NS      | $348001.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                   | Curtiss-Wright Corporation                                    | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |       862 | NS      | $412165.30    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd.                         | BHP Billiton Ltd. ADR                                         | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | US        |      8172 | NS      | $455752.44    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies, Inc.                 | SPX Technologies, Inc.                                        | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       928 | NS      | $173638.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc.                | Mueller Industries, Inc.                                      | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      2780 | NS      | $266713.20    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                          | iShares MSCI UAE ETF                                          | CUSIP: 46434V761<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     10262 | NS      | $198877.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                | Mastercard, Inc. Class A                                      | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2651 | NS      | $1578113.79   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc.          | Somnigroup International                                      | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |      3501 | NS      | $293908.95    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The Boeing Company                     | Boeing Company (The)                                          | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      2114 | NS      | $496113.52    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                             | Siemens AG ADR                                                | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      8797 | NS      | $1221727.36   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                        | Microsoft Corporation                                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     21458 | NS      | $10872554.02  | 5.70%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                          | QUALCOMM, Inc.                                                | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      1713 | NS      | $275330.49    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems AS                 | Vestas Wind Systems A/S ADR                                   | CUSIP: 925458101<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |     73272 | NS      | $482129.76    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Volvo AB                               | Aktiebolaget Volvo Unsponsored ADR                            | CUSIP: 928854108<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     15425 | NS      | $473917.70    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower OP LLC                       | Welltower, Inc. REIT                                          | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |     12097 | NS      | $2035683.16   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                           | Evercore Partners, Inc. Class A                               | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |       996 | NS      | $320263.80    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc               | Granite Construction, Inc.                                    | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |      1985 | NS      | $213883.75    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                    | Abbott Laboratories                                           | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      4830 | NS      | $640747.80    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Kering S.A.                            | Kering-Unsponsored ADR ADR                                    | CUSIP: 492089107<br>LEI: 549300VGEJKB7SVUZR78 | Long             | EC               | CORP              | FR        |      8944 | NS      | $240235.84    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.                  | Lowe's Companies, Inc.                                        | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      1482 | NS      | $382444.92    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                           | NVIDIA Corporation                                            | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     68174 | NS      | $11874547.32  | 6.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                             | Apple, Inc.                                                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     40934 | NS      | $9502418.76   | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal S.A.                           | L'Oreal S.A. ADR                                              | CUSIP: 502117203<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |      5106 | NS      | $475215.42    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.              | First American Government Obligations Fund Class X            | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    661362 | PA      | $661361.50    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                    | Deutsche Telekom AG ADR                                       | CUSIP: 251566105<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     30396 | NS      | $1114286.96   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Company                             | 3M Company                                                    | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      1542 | NS      | $239827.26    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                          | Netflix, Inc.                                                 | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1886 | NS      | $2278759.50   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                          | Medtronic plc                                                 | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | US        |      3671 | NS      | $340705.51    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                            | iShares MSCI Mexico Capped ETF                                | CUSIP: 464286822<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     13069 | NS      | $809493.86    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                   | Booking Holdings, Inc.                                        | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       125 | NS      | $699881.25    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                       | Sony Corporation ADR                                          | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     18560 | NS      | $510771.20    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                     | Coca-Cola Company (The)                                       | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      6021 | NS      | $415388.79    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                     | SEI Investments Company                                       | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      2526 | NS      | $222995.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                   | Emerson Electric Co.                                          | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      1646 | NS      | $217272.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG                 | DAIMLER AG-Unsponsored ADR                                    | CUSIP: 233825207<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | US        |     29278 | NS      | $456151.24    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                         | Morgan Stanley                                                | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      3611 | NS      | $543383.28    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corporation                 | OGE Energy Corporation                                        | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |      5241 | NS      | $234063.06    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Motor Corp.                     | Toyota Motor Corporation ADR                                  | CUSIP: 892331307<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |      2315 | NS      | $450429.55    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc.                            | Acuity, Inc.                                                  | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       609 | NS      | $198820.23    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                          | Chevron Corporation                                           | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5184 | NS      | $832550.40    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Anheuser-Busch Inbev SA/NV             | Anheuser-Busch InBev S.A./N.V. ADR                            | CUSIP: 03524A108<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |      3653 | NS      | $228933.51    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                       | Roche Holding AG ADR                                          | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     10722 | NS      | $437135.94    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Commonwealth Bank of Australia         | Commonwealth Bank of Australia Sponsored ADR                  | CUSIP: 202712600<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | EC               | CORP              | US        |      3992 | NS      | $444628.96    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                           | Oracle Corporation                                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      4620 | NS      | $1044720.60   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                   | Gilead Sciences, Inc.                                         | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      3270 | NS      | $369411.90    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                 | BP plc ADR                                                    | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | US        |     13240 | NS      | $466445.20    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Geberit AG                             | Geberit AG Unsponsored ADR                                    | CUSIP: 36840V109<br>LEI: 52990093Z5OHD6T7BS47 | Long             | EC               | CORP              | CH        |      6084 | NS      | $446383.08    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                 | Equitable Holdings, Inc.                                      | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     11058 | NS      | $588949.08    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandai Namco Holdings Inc.             | Bandai Namco Holdings, Inc. ADR                               | CUSIP: 059831107<br>LEI: 3538008EFEM34VRJDQ95 | Long             | EC               | CORP              | JP        |     24534 | NS      | $420512.76    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc.             | Tokio Marine Holdings, Inc. ADR                               | CUSIP: 889094108<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |     10550 | NS      | $453650.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.  | International Business Machines Corporation                   | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1257 | NS      | $306066.93    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                 | Intesa Sanpaolo SpA ADR                                       | CUSIP: 46115H107<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | DE        |     12901 | NS      | $487528.79    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation       | Carpenter Technology Corporation                              | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      1977 | NS      | $476219.76    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corporation                  | Flowserve Corporation                                         | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |      3704 | NS      | $198756.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                            | Ventas, Inc. REIT                                             | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     11649 | NS      | $793063.92    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                   | Royal Bank of Canada                                          | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |      3396 | NS      | $493642.56    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp.                       | Brookfield Corporation                                        | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |      6662 | NS      | $437826.64    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust         | Federated Government Obligations Fund Institutional Class     | CUSIP: 60934N104<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    657890 | PA      | $657890.17    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                            | ISHARES MSCI CHILE INVESTABL                                  | CUSIP: 464286640<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     17005 | NS      | $557934.05    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                               | Adyen N.V. Unsponsored ADR                                    | CUSIP: 00783V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |     13688 | NS      | $229684.64    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                             | Intuit, Inc.                                                  | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       403 | NS      | $268801.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal                       | Bank of Montreal                                              | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | CORP              | CA        |      4003 | NS      | $484363.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                      | Exxon Mobil Corporation                                       | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      6703 | NS      | $766085.87    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation           | General Dynamics Corporation                                  | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       756 | NS      | $245374.92    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings Inc.                    | Sompo Holdings, Inc. Unsponsored ADR                          | CUSIP: 83540J101<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |     28043 | NS      | $447566.28    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                          | Alphabet, Inc. Class C                                        | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     12143 | NS      | $2592894.79   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc              | Palantir Technologies, Inc.                                   | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      6174 | NS      | $967527.54    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                             | Allianz SE Unsponsored ADR                                    | CUSIP: 018820100<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |     28026 | NS      | $1185275.59   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                              | Shell plc                                                     | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | US        |      6186 | NS      | $457021.68    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                            | iShares MSCI Brazil Capped ETF                                | CUSIP: 464286400<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     30405 | NS      | $896947.50    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                            | Walmart, Inc.                                                 | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     17395 | NS      | $1686967.10   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                      | National Grid plc ADR                                         | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | US        |      5738 | NS      | $404930.66    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                  | East West Bancorp, Inc.                                       | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3095 | NS      | $325408.30    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                     | NextEra Energy, Inc.                                          | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      6287 | NS      | $452978.35    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated        | Jones Lang LaSalle, Inc.                                      | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      1082 | NS      | $330626.74    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                       | DT Midstream, Inc.                                            | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4887 | NS      | $509127.66    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd.                       | Nintendo Company Ltd. ADR                                     | CUSIP: 654445303<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     20313 | NS      | $453792.42    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corporation | Old Republic International Corporation                        | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |      6746 | NS      | $269637.62    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc          | Jefferies Financial Group Inc.                                | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |      5894 | NS      | $382225.90    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation           | Stifel Financial Corporation                                  | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      2755 | NS      | $317623.95    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                      | Wells Fargo & Company                                         | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      9640 | NS      | $792215.20    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                   | Chart Industries, Inc.                                        | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |       964 | NS      | $192183.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC               | ROLLS-ROYCE HOLDINGS PLC ADR                                  | CUSIP: 775781206<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | US        |     33785 | NS      | $488193.25    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust              | Direxion Daily TSLA Bull 2X Shares                            | CUSIP: 25460G286<br>LEI: 549300M501IVJM50FG12 | Long             | EC               | RF                | US        |    153000 | NS      | $1880370.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                              | Airbus SE Unsponsored ADR                                     | CUSIP: 009279100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |      9221 | NS      | $480875.15    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                        | Caterpillar, Inc.                                             | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1333 | NS      | $558580.32    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                       | Deutsche Post AG ADR                                          | CUSIP: 25157Y202<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |      9608 | NS      | $437548.32    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                         | BlackRock, Inc.                                               | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       418 | NS      | $471144.52    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation         | Charles Schwab Corporation (The)                              | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      4611 | NS      | $441918.24    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corporation                    | Semtech Corporation                                           | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |      3514 | NS      | $204128.26    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                           | General Electric Company                                      | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      4223 | NS      | $1162169.60   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.           | Charter Communications, Inc. Class A                          | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |       138 | NS      | $36650.04     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                              | Prosus NV ADR                                                 | CUSIP: 74365P108<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     38186 | NS      | $470451.52    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Skywest Inc                            | SkyWest, Inc.                                                 | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |      1736 | NS      | $210750.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari N V                            | Ferrari N.V.                                                  | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | IT        |       480 | NS      | $229060.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group SA                    | Amadeus IT Group SA Unsponsored ADR                           | CUSIP: 02263T104<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |      5326 | NS      | $446798.14    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Auto Trader Group PLC                  | Auto Trader Group plc Unsponsored ADR                         | CUSIP: 05277E104<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |    153024 | NS      | $408574.08    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                        | CVS Health Corporation                                        | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      3215 | NS      | $235177.25    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                              | RTX Corporation                                               | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      3688 | NS      | $584916.80    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | SUMITOMO METAL MININ-UNS ADR ADR                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     67174 | NS      | $455439.72    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                               | Visa, Inc. Class A                                            | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      7263 | NS      | $2554978.14   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                  | US Foods Holding Corporation                                  | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      6408 | NS      | $497260.80    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                       | McDonald's Corporation                                        | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1972 | NS      | $618300.88    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc           | Adtalem Global Education, Inc.                                | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |      1498 | NS      | $196163.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                              | Sanofi ADR                                                    | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |      4578 | NS      | $226519.44    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.    | Hong Kong Exchanges and Clearing Ltd. ADR                     | CUSIP: 43858F109<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | US        |     23496 | NS      | $1376395.68   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| DBX ETF Trust                          | DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES  ETF       | CUSIP: 233051879<br>LEI: DNLQXYGHEZ10Q9SIK386 | Long             | EC               | RF                | US        |    100254 | NS      | $3203115.30   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                 | SAP AG ADR                                                    | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |       785 | NS      | $213645.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                            | Novartis AG ADR                                               | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      3795 | NS      | $480257.25    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                               | AT&T, Inc.                                                    | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     29970 | NS      | $877821.30    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Relx PLC                               | RELX plc ADR                                                  | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      4834 | NS      | $225602.78    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                             | NIKE, Inc. Class B                                            | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      3165 | NS      | $244876.05    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                   | JPMorgan Chase & Company                                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      8222 | NS      | $2478275.24   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-31

**Name of Applicant:** Blueprint Adaptive Growth Allocation Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** Treasurer