# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-25-009863
**Filing Date:** 2025-9
**Character Count:** 83064
**Document Hash:** 927c2b74b9365de2462f754602d9df70
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-009863.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000894189-25-009863

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Series Solutions
- **CENTRAL INDEX KEY:** 0001540305

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1112

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22668
- **FILM NUMBER:** 251355301

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-287-3700

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### AAM Transformers ETF (Series ID: S000076555)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000236534 | AAM Transformers ETF | TRFM            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **AAM Transformers ETF** | **AAM Transformers ETF** | **AAM Transformers ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.7%** | **Shares** | **Value**  |
| **Communication Services - 6.5%** | **Communication Services - 6.5%** | |
| Alphabet, Inc. - Class A | 4527 | $868731 |
| Kanzhun, Ltd. - ADR <sup>(a)</sup> | 16379 | 310546 |
| Meta Platforms, Inc. - Class A | 1122 | 867800 |
| Nintendo Company, Ltd. - ADR | 19302 | 405342 |
| Pinterest, Inc. - Class A <sup>(a)</sup> | 14569 | 562364 |
| Reddit, Inc. - Class A <sup>(a)</sup> | 4104 | 659061 |
| ROBLOX Corporation - Class A <sup>(a)(b)</sup> | 5197 | 716095 |
| Sea, Ltd. - ADR <sup>(a)</sup> | 2416 | 378466 |
| Take-Two Interactive Software, Inc. <sup>(a)</sup> | 2137 | 475974 |
|  |  | 5244379 |
| **Consumer Discretionary - 8.8%** | **Consumer Discretionary - 8.8%** |  |
| Amazon.com, Inc. <sup>(a)</sup> | 3677 | 860823 |
| BYD Company, Ltd. - ADR <sup>(b)</sup> | 23040 | 337536 |
| Coupang, Inc. <sup>(a)</sup> | 17509 | 515290 |
| DoorDash, Inc. - Class A <sup>(a)</sup> | 2278 | 570070 |
| Global-e Online, Ltd. <sup>(a)</sup> | 8635 | 286250 |
| Hesai Group - ADR <sup>(a)</sup> | 14945 | 283955 |
| Li Auto, Inc. - ADR <sup>(a)(b)</sup> | 13562 | 353968 |
| Meituan - ADR <sup>(a)</sup> | 10950 | 336165 |
| MercadoLibre, Inc. <sup>(a)</sup> | 159 | 377449 |
| MINISO Group Holding, Ltd. - ADR <sup>(b)</sup> | 16581 | 316863 |
| Mobileye Global, Inc. - Class A <sup>(a)</sup> | 17709 | 252176 |
| NIO, Inc. - ADR <sup>(a)(b)</sup> | 82328 | 400937 |
| PDD Holdings, Inc. - ADR <sup>(a)</sup> | 3972 | 450623 |
| Rivian Automotive, Inc. - Class A <sup>(a)(b)</sup> | 19058 | 245276 |
| Tesla, Inc. <sup>(a)</sup> | 2670 | 823081 |
| Trip.com Group, Ltd. - ADR <sup>(b)</sup> | 6598 | 408746 |
| XPeng, Inc. - ADR <sup>(a)</sup> | 15325 | 279068 |
|  |  | 7098276 |
| **Financials - 5.5%** | **Financials - 5.5%** |  |
| Adyen NV - ADR <sup>(a)</sup> | 20415 | 351138 |
| Affirm Holdings, Inc. <sup>(a)</sup> | 4529 | 310508 |
| Corpay, Inc. <sup>(a)</sup> | 1474 | 476176 |
| Dlocal, Ltd. | 28485 | 292256 |
| Marqeta, Inc. - Class A <sup>(a)</sup> | 48690 | 277533 |
| Mastercard, Inc. - Class A | 1329 | 752839 |
| Paymentus Holdings, Inc. - Class A <sup>(a)</sup> | 7316 | 203970 |
| Remitly Global, Inc. <sup>(a)</sup> | 12390 | 204435 |
| Shift4 Payments, Inc. - Class A <sup>(a)(b)</sup> | 2829 | 291387 |
| Toast, Inc. - Class A <sup>(a)</sup> | 11317 | 552722 |
| Visa, Inc. - Class A | 2123 | 733433 |
|  |  | 4446397 |
| **Industrials - 21.3%** | **Industrials - 21.3%** |  |
| ABB, Ltd. - ADR | 6957 | 455579 |
| Acuity, Inc. | 993 | 309171 |
| AeroVironment, Inc. <sup>(a)</sup> | 1397 | 373893 |
| Airbus SE - ADR | 8495 | 426789 |
| AMETEK, Inc. | 2790 | 515731 |
| Atlas Copco AB - ADR | 24327 | 371960 |
| Axon Enterprise, Inc. <sup>(a)</sup> | 634 | 478981 |
| Bloom Energy Corporation - Class A <sup>(a)(b)</sup> | 12252 | 458102 |
| Boeing Company <sup>(a)</sup> | 3729 | 827241 |
| BWX Technologies, Inc. | 2055 | 312216 |
| Chart Industries, Inc. <sup>(a)(b)</sup> | 1750 | 347953 |
| Eaton Corporation PLC | 1213 | 466665 |
| Embraer SA - ADR <sup>(b)</sup> | 6425 | 369951 |
| FANUC Corporation - ADR | 23075 | 323050 |
| Full Truck Alliance Company, Ltd. - Class A - ADR | 24631 | 284488 |
| GE Vernova, Inc. | 1027 | 678118 |
| Generac Holdings, Inc. <sup>(a)</sup> | 2089 | 406707 |
| General Electric Company | 3074 | 833300 |
| Grab Holdings, Ltd. - Class A <sup>(a)</sup> | 57804 | 282662 |
| Hexcel Corporation | 4733 | 283554 |
| Howmet Aerospace, Inc. | 2841 | 510727 |
| Hubbell, Inc. | 1257 | 549912 |
| Intuitive Machines, Inc. <sup>(a)</sup> | 22784 | 254269 |
| Karman Holdings, Inc. <sup>(a)</sup> | 5742 | 296861 |
| Kratos Defense & Security Solutions, Inc. <sup>(a)(b)</sup> | 6590 | 386833 |
| Loar Holdings, Inc. <sup>(a)</sup> | 2969 | 219439 |
| Mitsubishi Heavy Industries, Ltd. - ADR | 8262 | 398642 |
| NEXTracker, Inc. - Class A <sup>(a)(b)</sup> | 4529 | 263860 |
| Rheinmetall AG - ADR | 971 | 383526 |
| Rocket Lab Corporation <sup>(a)(b)</sup> | 9222 | 423474 |
| Rockwell Automation, Inc. | 1536 | 540227 |
| Saab AB - ADR | 11320 | 307225 |
| Safran SA - ADR | 5271 | 434436 |
| Schneider Electric SE - ADR | 7725 | 403631 |
| Siemens Energy AG - ADR <sup>(a)</sup> | 3963 | 461174 |
| SMC Corporation - ADR | 16254 | 283795 |
| Spirit AeroSystems Holdings, Inc. - Class A <sup>(a)</sup> | 7030 | 276982 |
| Symbotic, Inc. <sup>(a)(b)</sup> | 8956 | 483176 |
| Techtronic Industries Co. Ltd. - ADR | 5062 | 302809 |
| Uber Technologies, Inc. <sup>(a)</sup> | 9188 | 806247 |
| Woodward, Inc. | 1142 | 293585 |
|  |  | 17086941 |
| **Information Technology - 56.0%<sup>(c)</sup>** | **Information Technology - 56.0%<sup>(c)</sup>** |  |
| Advanced Energy Industries, Inc. | 2194 | 304791 |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 6771 | 1193795 |
| Advantest Corporation - ADR | 7247 | 483592 |
| Alkami Technology, Inc. <sup>(a)(b)</sup> | 8760 | 195260 |
| Allegro MicroSystems, Inc. <sup>(a)(b)</sup> | 9262 | 290919 |
| Ambarella, Inc. <sup>(a)</sup> | 4976 | 328864 |
| Amphenol Corporation - Class A | 5335 | 568231 |
| Analog Devices, Inc. | 2245 | 504294 |
| Appfolio, Inc. - Class A <sup>(a)</sup> | 1230 | 328877 |
| Apple, Inc. | 3858 | 800805 |
| Applied Digital Corporation <sup>(a)(b)</sup> | 19254 | 252998 |
| AppLovin Corporation - Class A <sup>(a)</sup> | 1189 | 464542 |
| Arista Networks, Inc. <sup>(a)</sup> | 5120 | 630886 |
| ARM Holdings PLC - ADR <sup>(a)(b)</sup> | 3005 | 424832 |
| ASE Technology Holding Company, Ltd. - ADR | 30807 | 292667 |
| ASML Holding NV | 529 | 367502 |
| Astera Labs, Inc. <sup>(a)</sup> | 2938 | 401713 |
| Atlassian Corporation - Class A <sup>(a)</sup> | 1870 | 358629 |
| Autodesk, Inc. <sup>(a)</sup> | 1674 | 507406 |
| AvePoint, Inc. <sup>(a)</sup> | 13643 | 260308 |
| Broadcom, Inc. | 3188 | 936316 |
| Cadence Design Systems, Inc. <sup>(a)</sup> | 1678 | 611748 |
| Camtek, Ltd. <sup>(a)(b)</sup> | 4069 | 383096 |
| Clearwater Analytics Holdings, Inc. - Class A <sup>(a)</sup> | 11160 | 226102 |
| Cloudflare, Inc. - Class A <sup>(a)</sup> | 2773 | 575897 |
| Cognex Corporation | 8815 | 359388 |
| Coherent Corporation <sup>(a)</sup> | 3348 | 360245 |
| Confluent, Inc. - Class A <sup>(a)</sup> | 10952 | 194124 |
| CoreWeave, Inc. - Class A <sup>(a)</sup> | 3557 | 405960 |
| Credo Technology Group Holding, Ltd. <sup>(a)</sup> | 3657 | 407938 |
| Crowdstrike Holdings, Inc. - Class A <sup>(a)</sup> | 1069 | 485935 |
| CyberArk Software, Ltd. <sup>(a)</sup> | 738 | 303665 |
| Datadog, Inc. - Class A <sup>(a)</sup> | 4079 | 570978 |
| Dell Technologies, Inc. - Class C | 4379 | 581050 |
| Dynatrace, Inc. <sup>(a)</sup> | 4846 | 254948 |
| Enphase Energy, Inc. <sup>(a)</sup> | 6482 | 209758 |
| Entegris, Inc. <sup>(b)</sup> | 3657 | 286928 |
| Extreme Networks, Inc. <sup>(a)</sup> | 16038 | 283231 |
| Fair Isaac Corporation <sup>(a)</sup> | 283 | 406592 |
| First Solar, Inc. <sup>(a)(b)</sup> | 1605 | 280442 |
| Fortinet, Inc. <sup>(a)</sup> | 4747 | 474225 |
| Gitlab, Inc. - Class A <sup>(a)(b)</sup> | 5471 | 239685 |
| GLOBALFOUNDRIES, Inc. <sup>(a)</sup> | 13203 | 493660 |
| Globant SA <sup>(a)</sup> | 2967 | 249999 |
| Guidewire Software, Inc. <sup>(a)</sup> | 1950 | 441129 |
| HubSpot, Inc. <sup>(a)</sup> | 816 | 424034 |
| Impinj, Inc. <sup>(a)</sup> | 2350 | 363263 |
| Infineon Technologies AG - ADR | 9805 | 385533 |
| Intuit, Inc. | 1019 | 800047 |
| Kingsoft Cloud Holdings, Ltd. - ADR <sup>(a)(b)</sup> | 24965 | 361493 |
| KLA Corporation | 612 | 537966 |
| Klaviyo, Inc. - Class A <sup>(a)</sup> | 7830 | 243513 |
| Lattice Semiconductor Corporation <sup>(a)</sup> | 5555 | 276806 |
| Life360, Inc. <sup>(a)(b)</sup> | 4177 | 319916 |
| Lumentum Holdings, Inc. <sup>(a)</sup> | 3277 | 360732 |
| MACOM Technology Solutions Holdings, Inc. <sup>(a)</sup> | 2132 | 292383 |
| Marvell Technology, Inc. | 7289 | 585817 |
| Microchip Technology, Inc. | 7638 | 516252 |
| Micron Technology, Inc. | 4590 | 500953 |
| Microsoft Corporation | 1672 | 892012 |
| Monday.com, Ltd. <sup>(a)</sup> | 974 | 255470 |
| MongoDB, Inc. <sup>(a)</sup> | 1217 | 289512 |
| Monolithic Power Systems, Inc. | 726 | 516360 |
| Nova, Ltd. <sup>(a)(b)</sup> | 1378 | 361849 |
| Nutanix, Inc. - Class A <sup>(a)</sup> | 6453 | 485072 |
| NVIDIA Corporation | 5548 | 986823 |
| Onestream, Inc. <sup>(a)</sup> | 9222 | 219945 |
| Onto Innovation, Inc. <sup>(a)</sup> | 2776 | 263026 |
| Oracle Corporation | 4520 | 1147040 |
| Palantir Technologies, Inc. - Class A <sup>(a)</sup> | 6154 | 974486 |
| Palo Alto Networks, Inc. <sup>(a)(b)</sup> | 2494 | 432958 |
| PAR Technology Corporation <sup>(a)</sup> | 4002 | 243242 |
| Power Integrations, Inc. | 4876 | 236584 |
| Procore Technologies, Inc. <sup>(a)</sup> | 3933 | 281721 |
| Pure Storage, Inc. - Class A <sup>(a)(b)</sup> | 4825 | 287184 |
| Rambus, Inc. <sup>(a)</sup> | 4649 | 343701 |
| Renesas Electronics Corporation - ADR | 44943 | 272355 |
| Rubrik, Inc. - Class A <sup>(a)</sup> | 2722 | 258454 |
| SailPoint, Inc. <sup>(a)(b)</sup> | 13995 | 312648 |
| Samsara, Inc. - Class A <sup>(a)</sup> | 11041 | 419889 |
| SAP SE - ADR <sup>(b)</sup> | 1296 | 371563 |
| Seagate Technology Holdings PLC | 3925 | 616264 |
| Semtech Corporation <sup>(a)(b)</sup> | 7055 | 360511 |
| SentinelOne, Inc. - Class A <sup>(a)</sup> | 14531 | 266499 |
| ServiceNow, Inc. <sup>(a)</sup> | 758 | 714885 |
| ServiceTitan, Inc. - Class A <sup>(a)</sup> | 2500 | 291775 |
| Shopify, Inc. - Class A <sup>(a)</sup> | 3591 | 438856 |
| Silicon Laboratories, Inc. <sup>(a)</sup> | 2109 | 277903 |
| Silicon Motion Technology Corporation - ADR | 4454 | 340909 |
| SiTime Corporation <sup>(a)</sup> | 1299 | 263502 |
| Snowflake, Inc. - Class A <sup>(a)(b)</sup> | 2359 | 527237 |
| SoundHound AI, Inc. - Class A <sup>(a)(b)</sup> | 26397 | 272681 |
| SPS Commerce, Inc. <sup>(a)</sup> | 1878 | 204448 |
| Super Micro Computer, Inc. <sup>(a)(b)</sup> | 11985 | 706755 |
| Synopsys, Inc. <sup>(a)</sup> | 1025 | 649307 |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 1954 | 472126 |
| Teradyne, Inc. | 3131 | 336363 |
| Texas Instruments, Inc. | 4087 | 739992 |
| Tokyo Electron Ltd. - ADR <sup>(b)</sup> | 4871 | 381156 |
| United Microelectronics Corporation - ADR <sup>(b)</sup> | 39171 | 267930 |
| Universal Display Corporation | 1761 | 254288 |
| Varonis Systems, Inc. <sup>(a)</sup> | 5267 | 294057 |
| Vertex, Inc. - Class A <sup>(a)</sup> | 6497 | 215506 |
| Workday, Inc. - Class A <sup>(a)</sup> | 1971 | 452108 |
| Xiaomi Corporation - ADR <sup>(a)</sup> | 11775 | 396582 |
| Zscaler, Inc. <sup>(a)</sup> | 1649 | 470888 |
|  |  | 45017080 |
| **Utilities - 1.6%** | **Utilities - 1.6%** |  |
| Ormat Technologies, Inc. | 3431 | 306766 |
| Talen Energy Corporation <sup>(a)</sup> | 1031 | 389275 |
| Vistra Corporation | 2866 | 597675 |
|  |  | 1293716 |
| **TOTAL COMMON STOCKS** (Cost $66,695,505) | **TOTAL COMMON STOCKS** (Cost $66,695,505) | 80186789 |
| **SHORT-TERM INVESTMENTS - 13.8%** |  | **Value**  |
| **Investments Purchased with Proceeds from Securities Lending - 13.6%** | **<u>Units</u>** |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.48%<sup>(d)</sup> | 10919678 | 10919678 |
| **Money Market Funds - 0.2%** | **<u>Shares</u>** |  |
| Invesco Government & Agency Portfolio - Institutional Class, 4.25%<sup>(d)</sup> | 187646 | 187646 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $11,107,324) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $11,107,324) | 11107324 |
| **TOTAL INVESTMENTS - 113.5% (**Cost $77,802,829**)** | **TOTAL INVESTMENTS - 113.5% (**Cost $77,802,829**)** | 91294113 |
| Liabilities in Excess of Other Assets - (13.5)% | Liabilities in Excess of Other Assets - (13.5)% | (10878918) |
| **TOTAL NET ASSETS - 100.0%** |  | $80415195 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

ADR - American Depositary Receipt <br> LLC - Limited Liability Company <br> PLC - Public Limited Company

(a) Non-income producing security.

(b) All or a portion of this security is on loan as of July 31, 2025. The fair value of these securities was $10,545,428.

(c) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those
 industries or sectors.

(d) The rate shown represents the 7-day annualized effective yield as of July 31, 2025.

------

#### <br> Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
AAM Transformers ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $80186789 |  |  | $80186789 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> | – |  |  | 10919678 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 187646 |  |  | 187646 |
| Total Investments | $80374435 |  |  | $91294113 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair
 value amount of $10,919,678 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ETF Series Solutions

- **b. Investment Company Act file number:** 811-22668

- **c. CIK number of Registrant:** 0001540305

- **d. LEI of Registrant:** 5493008BB0X0GYS3UI50

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

  - **Street Address 1:** 615 E Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1645

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

- **a. Name of Series:** AAM Transformers ETF

- **b. EDGAR series identifier (if any):** S000076555

- **c. LEI of Series:** 549300SAR48A6RXUJ642

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $90263567.13

**Total Liabilities:** $10951241.18

**Net Assets:** $79312325.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000236534 | 11.45%               | 8.74%                | 2.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $5967969.36                                |
| Month 2  | $2136760.19              | $3073536.06                                |
| Month 3  | $0.00                    | $1419948.98                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                      | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Extreme Networks Inc                      | Extreme Networks Inc                      | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     15818 | NS      | $279345.88    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Fair Isaac Corp                           | Fair Isaac Corp                           | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       279 | NS      | $400844.88    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| FANUC Corp                                | FANUC Corp                                | CUSIP: 307305102<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |     22759 | NS      | $318626.00    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| First Solar Inc                           | First Solar Inc                           | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      1583 | NS      | $276597.59    | 0.35%             |  |  |  | No            | 1                  | On Loan: —       |
| Universal Display Corp                    | Universal Display Corp                    | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1737 | NS      | $250822.80    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Varonis Systems Inc                       | Varonis Systems Inc                       | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |      5195 | NS      | $290036.85    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Vertex Inc                                | Vertex Inc                                | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |      6408 | NS      | $212553.36    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Visa Inc                                  | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      2094 | NS      | $723414.18    | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Vistra Corp                               | Vistra Corp                               | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      2827 | NS      | $589542.58    | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Woodward Inc                              | Woodward Inc                              | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      1126 | NS      | $289472.08    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Workday Inc                               | Workday Inc                               | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      1944 | NS      | $445914.72    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Xiaomi Corp                               | Xiaomi Corp                               | CUSIP: 98421U108<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | CN        |     11614 | NS      | $391159.52    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| XPeng Inc                                 | XPeng Inc                                 | CUSIP: 98422D105<br>LEI: 549300TZNMIREMWQU857 | Long             | EC               | CORP              | CN        |     15115 | NS      | $275244.15    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Zscaler Inc                               | Zscaler Inc                               | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      1626 | NS      | $464320.56    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Meta Platforms Inc                        | Meta Platforms Inc                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1107 | NS      | $856198.08    | 1.08%             |  |  |  | No            | 1                  | On Loan: No      |
| KLA Corp                                  | KLA Corp                                  | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       604 | NS      | $530934.12    | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Kingsoft Cloud Holdings Ltd               | Kingsoft Cloud Holdings Ltd               | CUSIP: 49639K101<br>LEI: 875500HZE0VKCD0Z8K15 | Long             | EC               | CORP              | CN        |     24623 | NS      | $356541.04    | 0.45%             |  |  |  | No            | 1                  | On Loan: —       |
| Klaviyo Inc                               | Klaviyo Inc                               | CUSIP: 49845K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7723 | NS      | $240185.30    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Kratos Defense & Security Solu            | Kratos Defense & Security Solutions Inc   | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      6500 | NS      | $381550.00    | 0.48%             |  |  |  | No            | 1                  | On Loan: —       |
| Li Auto Inc                               | Li Auto Inc                               | CUSIP: 50202M102<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | CN        |     13376 | NS      | $349113.60    | 0.44%             |  |  |  | No            | 1                  | On Loan: —       |
| Autodesk Inc                              | Autodesk Inc                              | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      1651 | NS      | $500434.61    | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Lattice Semiconductor Corp                | Lattice Semiconductor Corp                | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |      5479 | NS      | $273018.57    | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Life360 Inc                               | Life360 Inc                               | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |      4120 | NS      | $315550.80    | 0.40%             |  |  |  | No            | 1                  | On Loan: —       |
| AvePoint Inc                              | AvePoint Inc                              | CUSIP: 053604104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13456 | NS      | $256740.48    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Axon Enterprise Inc                       | Axon Enterprise Inc                       | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       625 | NS      | $472181.25    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| BWX Technologies Inc                      | BWX Technologies Inc                      | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      2027 | NS      | $307962.11    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| BYD Co Ltd                                | BYD Co Ltd                                | CUSIP: 05606L100<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     22722 | NS      | $332877.30    | 0.42%             |  |  |  | No            | 1                  | On Loan: —       |
| Loar Holdings Inc                         | Loar Holdings Inc                         | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2928 | NS      | $216408.48    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Lumentum Holdings Inc                     | Lumentum Holdings Inc                     | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      3232 | NS      | $355778.56    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Bloom Energy Corp                         | Bloom Energy Corp                         | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     12084 | NS      | $451820.76    | 0.57%             |  |  |  | No            | 1                  | On Loan: —       |
| Boeing Co/The                             | Boeing Co/The                             | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      3678 | NS      | $815927.52    | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| MACOM Technology Solutions Hol            | MACOM Technology Solutions Holdings Inc   | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2103 | NS      | $288405.42    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Marqeta Inc                               | Marqeta Inc                               | CUSIP: 57142B104<br>LEI: 254900UZARK0FMZGZE18 | Long             | EC               | CORP              | US        |     48023 | NS      | $273731.10    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Marvell Technology Inc                    | Marvell Technology Inc                    | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7189 | NS      | $577779.93    | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Mastercard Inc                            | Mastercard Inc                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1311 | NS      | $742642.17    | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Broadcom Inc                              | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      3144 | NS      | $923392.80    | 1.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Cadence Design Systems Inc                | Cadence Design Systems Inc                | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      1655 | NS      | $603363.35    | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Meituan                                   | Meituan                                   | CUSIP: 58533E103<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |     10800 | NS      | $331560.00    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| MercadoLibre Inc                          | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       157 | NS      | $372700.73    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Microsoft Corp                            | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1649 | NS      | $879741.50    | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Microchip Technology Inc                  | Microchip Technology Inc                  | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      7533 | NS      | $509155.47    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Micron Technology Inc                     | Micron Technology Inc                     | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      4527 | NS      | $494076.78    | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsubishi Heavy Industries Lt            | Mitsubishi Heavy Industries Ltd           | CUSIP: 606793404<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |      8149 | NS      | $393189.25    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Chart Industries Inc                      | Chart Industries Inc                      | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      1726 | NS      | $343180.58    | 0.43%             |  |  |  | No            | 1                  | On Loan: —       |
| Clearwater Analytics Holdings             | Clearwater Analytics Holdings Inc         | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11007 | NS      | $223001.82    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Mobileye Global Inc                       | Mobileye Global Inc                       | CUSIP: 60741F104<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     17466 | NS      | $248715.84    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| MongoDB Inc                               | MongoDB Inc                               | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      1200 | NS      | $285468.00    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Cloudflare Inc                            | Cloudflare Inc                            | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      2735 | NS      | $568004.80    | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Cognex Corp                               | Cognex Corp                               | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |      8694 | NS      | $354454.38    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Coherent Corp                             | Coherent Corp                             | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      3302 | NS      | $355295.20    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Confluent Inc                             | Confluent Inc                             | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |     10802 | NS      | $191465.45    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| CoreWeave Inc                             | CoreWeave Inc                             | CUSIP: 21873S108<br>LEI: 984500511DP2B6186053 | Long             | EC               | CORP              | US        |      3508 | NS      | $400368.04    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Corpay Inc                                | Corpay Inc                                | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      1454 | NS      | $469714.70    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Coupang Inc                               | Coupang Inc                               | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |     17269 | NS      | $508226.67    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| ROBLOX Corp                               | ROBLOX Corp                               | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5126 | NS      | $706311.54    | 0.89%             |  |  |  | No            | 1                  | On Loan: —       |
| Monolithic Power Systems Inc              | Monolithic Power Systems Inc              | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       716 | NS      | $509247.84    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| NIO Inc                                   | NIO Inc                                   | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | CN        |     81200 | NS      | $395444.00    | 0.50%             |  |  |  | No            | 1                  | On Loan: —       |
| NEXTracker Inc                            | NEXTracker Inc                            | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4467 | NS      | $260247.42    | 0.33%             |  |  |  | No            | 1                  | On Loan: —       |
| Nintendo Co Ltd                           | Nintendo Co Ltd                           | CUSIP: 654445303<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     19038 | NS      | $399798.00    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| MINISO Group Holding Ltd                  | MINISO Group Holding Ltd                  | CUSIP: 66981J102<br>LEI: 2549006PIKT2YKNBL092 | Long             | EC               | CORP              | CN        |     16354 | NS      | $312524.94    | 0.39%             |  |  |  | No            | 1                  | On Loan: —       |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  10919678 | NS      | $10919678.00  | 13.77%            |  |  |  | No            | N/A                | On Loan: No      |
| Rocket Lab Corp                           | Rocket Lab Corp                           | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9096 | NS      | $417688.32    | 0.53%             |  |  |  | No            | 1                  | On Loan: —       |
| Rockwell Automation Inc                   | Rockwell Automation Inc                   | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      1515 | NS      | $532840.65    | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Nova Ltd                                  | Nova Ltd                                  | CUSIP: N/A<br>LEI: 529900B2DSWE5V3SC292       | Long             | EC               | CORP              | IL        |      1359 | NS      | $356859.81    | 0.45%             |  |  |  | No            | 1                  | On Loan: —       |
| Monday.com Ltd                            | Monday.com Ltd                            | CUSIP: N/A<br>LEI: 984500MDAFVD86E3B328       | Long             | EC               | CORP              | IL        |       961 | NS      | $252060.69    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Rubrik Inc                                | Rubrik Inc                                | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |      2685 | NS      | $254940.75    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Camtek Ltd/Israel                         | Camtek Ltd/Israel                         | CUSIP: N/A<br>LEI: 5493000H80W07HCKGS43       | Long             | EC               | CORP              | IL        |      4013 | NS      | $377823.95    | 0.48%             |  |  |  | No            | 1                  | On Loan: —       |
| Embraer SA                                | Embraer SA                                | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |      6337 | NS      | $364884.46    | 0.46%             |  |  |  | No            | 1                  | On Loan: —       |
| Enphase Energy Inc                        | Enphase Energy Inc                        | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      6393 | NS      | $206877.48    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Entegris Inc                              | Entegris Inc                              | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |      3607 | NS      | $283005.22    | 0.36%             |  |  |  | No            | 1                  | On Loan: —       |
| Fortinet Inc                              | Fortinet Inc                              | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      4682 | NS      | $467731.80    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Full Truck Alliance Co Ltd                | Full Truck Alliance Co Ltd                | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | CN        |     24294 | NS      | $280595.70    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| GE Vernova Inc                            | GE Vernova Inc                            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      1013 | NS      | $668873.77    | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Generac Holdings Inc                      | Generac Holdings Inc                      | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      2060 | NS      | $401061.40    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| General Electric Co                       | General Electric Co                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      3032 | NS      | $821914.56    | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Gitlab Inc                                | Gitlab Inc                                | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |      5396 | NS      | $236398.76    | 0.30%             |  |  |  | No            | 1                  | On Loan: —       |
| Guidewire Software Inc                    | Guidewire Software Inc                    | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      1923 | NS      | $435021.06    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Hesai Group                               | Hesai Group                               | CUSIP: 428050108<br>LEI: 836800KOYHURQT1JZY11 | Long             | EC               | CORP              | CN        |     14740 | NS      | $280060.00    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Hexcel Corp                               | Hexcel Corp                               | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      4668 | NS      | $279659.88    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Howmet Aerospace Inc                      | Howmet Aerospace Inc                      | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      2802 | NS      | $503715.54    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Hubbell Inc                               | Hubbell Inc                               | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      1240 | NS      | $542475.20    | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| HubSpot Inc                               | HubSpot Inc                               | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       805 | NS      | $418318.25    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Impinj Inc                                | Impinj Inc                                | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |      2318 | NS      | $358316.44    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Infineon Technologies AG                  | Infineon Technologies AG                  | CUSIP: 45662N103<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      9671 | NS      | $380263.72    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Intuit Inc                                | Intuit Inc                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1005 | NS      | $789055.65    | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Intuitive Machines Inc                    | Intuitive Machines Inc                    | CUSIP: 46125A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22472 | NS      | $250787.52    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Kanzhun Ltd                               | Kanzhun Ltd                               | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               | CORP              | CN        |     16155 | NS      | $306298.80    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Karman Holdings Inc                       | Karman Holdings Inc                       | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5663 | NS      | $292777.10    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Invesco Government & Agency Po            | Invesco Government & Agency Portfolio     | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |    187646 | NS      | $187646.26    | 0.24%             | 2031-12-31      | Fixed         | 0.06%                 | No            | 1                  | On Loan: No      |
| Eaton Corp PLC                            | Eaton Corp PLC                            | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |      1196 | NS      | $460125.12    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| GLOBALFOUNDRIES Inc                       | GLOBALFOUNDRIES Inc                       | CUSIP: N/A<br>LEI: 549300BA76VK784VMX48       | Long             | EC               | CORP              | US        |     13022 | NS      | $486892.58    | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Grab Holdings Ltd                         | Grab Holdings Ltd                         | CUSIP: N/A<br>LEI: 549300N4VQX83VPJF439       | Long             | EC               | CORP              | SG        |     57012 | NS      | $278788.68    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Globant SA                                | Globant SA                                | CUSIP: N/A<br>LEI: 2221008DCMSPYS42DS88       | Long             | EC               | CORP              | LU        |      2926 | NS      | $246544.76    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Global-e Online Ltd                       | Global-e Online Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |      8517 | NS      | $282338.55    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Datadog Inc                               | Datadog Inc                               | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      4023 | NS      | $563139.54    | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Dell Technologies Inc                     | Dell Technologies Inc                     | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      4319 | NS      | $573088.11    | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Onestream Inc                             | Onestream Inc                             | CUSIP: 68278B107<br>LEI: 254900CRBCHIYDC37W82 | Long             | EC               | CORP              | US        |      9096 | NS      | $216939.60    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Onto Innovation Inc                       | Onto Innovation Inc                       | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      2738 | NS      | $259425.50    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Oracle Corp                               | Oracle Corp                               | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      4458 | NS      | $1131306.66   | 1.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Ormat Technologies Inc                    | Ormat Technologies Inc                    | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |      3384 | NS      | $302563.44    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Palantir Technologies Inc                 | Palantir Technologies Inc                 | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      6070 | NS      | $961184.50    | 1.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Palo Alto Networks Inc                    | Palo Alto Networks Inc                    | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      2460 | NS      | $427056.00    | 0.54%             |  |  |  | No            | 1                  | On Loan: —       |
| PAR Technology Corp                       | PAR Technology Corp                       | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |      3947 | NS      | $239898.66    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Paymentus Holdings Inc                    | Paymentus Holdings Inc                    | CUSIP: 70439P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7216 | NS      | $201182.08    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| PDD Holdings Inc                          | PDD Holdings Inc                          | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |      3918 | NS      | $444497.10    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Pinterest Inc                             | Pinterest Inc                             | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14369 | NS      | $554643.40    | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Power Integrations Inc                    | Power Integrations Inc                    | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |      4809 | NS      | $233332.68    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Procore Technologies Inc                  | Procore Technologies Inc                  | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |      3879 | NS      | $277852.77    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Pure Storage Inc                          | Pure Storage Inc                          | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |      4759 | NS      | $283255.68    | 0.36%             |  |  |  | No            | 1                  | On Loan: —       |
| Rambus Inc                                | Rambus Inc                                | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |      4585 | NS      | $338969.05    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Reddit Inc                                | Reddit Inc                                | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4048 | NS      | $650068.32    | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Remitly Global Inc                        | Remitly Global Inc                        | CUSIP: 75960P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12220 | NS      | $201630.00    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Renesas Electronics Corp                  | Renesas Electronics Corp                  | CUSIP: 75972B101<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |     44327 | NS      | $268621.62    | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Rheinmetall AG                            | Rheinmetall AG                            | CUSIP: 76206K107<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |       958 | NS      | $378390.84    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Rivian Automotive Inc                     | Rivian Automotive Inc                     | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |     18797 | NS      | $241917.39    | 0.31%             |  |  |  | No            | 1                  | On Loan: —       |
| Saab AB                                   | Saab AB                                   | CUSIP: 78516J101<br>LEI: 549300ZHO4JCQQI13M69 | Long             | EC               | CORP              | SE        |     11165 | NS      | $303018.10    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Safran SA                                 | Safran SA                                 | CUSIP: 786584102<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      5199 | NS      | $428501.58    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| SailPoint Inc                             | SailPoint Inc                             | CUSIP: 78781J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13803 | NS      | $308359.02    | 0.39%             |  |  |  | No            | 1                  | On Loan: —       |
| Samsara Inc                               | Samsara Inc                               | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10890 | NS      | $414146.70    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| SAP SE                                    | SAP SE                                    | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      1278 | NS      | $366402.60    | 0.46%             |  |  |  | No            | 1                  | On Loan: —       |
| Schneider Electric SE                     | Schneider Electric SE                     | CUSIP: 80687P106<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      7619 | NS      | $398092.75    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Sea Ltd                                   | Sea Ltd                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |      2383 | NS      | $373296.95    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Semtech Corp                              | Semtech Corp                              | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |      6958 | NS      | $355553.80    | 0.45%             |  |  |  | No            | 1                  | On Loan: —       |
| SentinelOne Inc                           | SentinelOne Inc                           | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |     14332 | NS      | $262848.88    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| ServiceNow Inc                            | ServiceNow Inc                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       748 | NS      | $705453.76    | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| ServiceTitan Inc                          | ServiceTitan Inc                          | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2466 | NS      | $287806.86    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Shift4 Payments Inc                       | Shift4 Payments Inc                       | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2790 | NS      | $287370.00    | 0.36%             |  |  |  | No            | 1                  | On Loan: —       |
| Shopify Inc                               | Shopify Inc                               | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      3542 | NS      | $432867.82    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Dlocal Ltd/Uruguay                        | Dlocal Ltd/Uruguay                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | UY        |     28095 | NS      | $288254.70    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Seagate Technology Holdings PL            | Seagate Technology Holdings PLC           | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | US        |      3871 | NS      | $607785.71    | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| CyberArk Software Ltd                     | CyberArk Software Ltd                     | CUSIP: N/A<br>LEI: 529900YEXNDM894PWS93       | Long             | EC               | CORP              | IL        |       728 | NS      | $299550.16    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| ABB Ltd                                   | ABB Ltd                                   | CUSIP: 000375204<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |      6862 | NS      | $449358.07    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| ASE Technology Holding Co Ltd             | ASE Technology Holding Co Ltd             | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |     30385 | NS      | $288657.50    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Adyen NV                                  | Adyen NV                                  | CUSIP: 00783V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |     20135 | NS      | $346322.00    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| AeroVironment Inc                         | AeroVironment Inc                         | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      1378 | NS      | $368807.92    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Affirm Holdings Inc                       | Affirm Holdings Inc                       | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4467 | NS      | $306257.52    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Airbus SE                                 | Airbus SE                                 | CUSIP: 009279100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | FR        |      8379 | NS      | $420960.96    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Alkami Technology Inc                     | Alkami Technology Inc                     | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |      8640 | NS      | $192585.60    | 0.24%             |  |  |  | No            | 1                  | On Loan: —       |
| Allegro MicroSystems Inc                  | Allegro MicroSystems Inc                  | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9135 | NS      | $286930.35    | 0.36%             |  |  |  | No            | 1                  | On Loan: —       |
| Alphabet Inc                              | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      4465 | NS      | $856833.50    | 1.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Amazon.com Inc                            | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      3627 | NS      | $849116.97    | 1.07%             |  |  |  | No            | 1                  | On Loan: No      |
| AMETEK Inc                                | AMETEK Inc                                | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      2752 | NS      | $508707.20    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Amphenol Corp                             | Amphenol Corp                             | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      5262 | NS      | $560455.62    | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Analog Devices Inc                        | Analog Devices Inc                        | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      2214 | NS      | $497330.82    | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Apple Inc                                 | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      3805 | NS      | $789803.85    | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Appfolio Inc                              | Appfolio Inc                              | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |      1213 | NS      | $324331.94    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Applied Digital Corp                      | Applied Digital Corp                      | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |     18990 | NS      | $249528.60    | 0.31%             |  |  |  | No            | 1                  | On Loan: —       |
| AppLovin Corp                             | AppLovin Corp                             | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1173 | NS      | $458291.10    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Arista Networks Inc                       | Arista Networks Inc                       | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      5050 | NS      | $622261.00    | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| ARM Holdings PLC                          | ARM Holdings PLC                          | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |      2964 | NS      | $419035.50    | 0.53%             |  |  |  | No            | 1                  | On Loan: —       |
| Astera Labs Inc                           | Astera Labs Inc                           | CUSIP: 04626A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2898 | NS      | $396243.54    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlas Copco AB                            | Atlas Copco AB                            | CUSIP: 049255706<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     23994 | NS      | $366868.26    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlassian Corp                            | Atlassian Corp                            | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |      1844 | NS      | $353642.32    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Crowdstrike Holdings Inc                  | Crowdstrike Holdings Inc                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1054 | NS      | $479116.78    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| DoorDash Inc                              | DoorDash Inc                              | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      2247 | NS      | $562311.75    | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Dynatrace Inc                             | Dynatrace Inc                             | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |      4780 | NS      | $251475.80    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Nutanix Inc                               | Nutanix Inc                               | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |      6365 | NS      | $478457.05    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      5472 | NS      | $973304.64    | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Super Micro Computer Inc                  | Super Micro Computer Inc                  | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |     11821 | NS      | $697084.37    | 0.88%             |  |  |  | No            | 1                  | On Loan: —       |
| Symbotic Inc                              | Symbotic Inc                              | CUSIP: 87151X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8833 | NS      | $476540.35    | 0.60%             |  |  |  | No            | 1                  | On Loan: —       |
| Synopsys Inc                              | Synopsys Inc                              | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1011 | NS      | $640438.17    | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| TSMC                                      | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      1927 | NS      | $465601.74    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Take-Two Interactive Software             | Take-Two Interactive Software Inc         | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      2108 | NS      | $469514.84    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Talen Energy Corp                         | Talen Energy Corp                         | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1017 | NS      | $383988.69    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Techtronic Industries Co Ltd              | Techtronic Industries Co Ltd              | CUSIP: 87873R101<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |      4993 | NS      | $298681.26    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Teradyne Inc                              | Teradyne Inc                              | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      3088 | NS      | $331743.84    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Tesla Inc                                 | Tesla Inc                                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      2633 | NS      | $811674.91    | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Texas Instruments Inc                     | Texas Instruments Inc                     | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      4031 | NS      | $729852.86    | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Toast Inc                                 | Toast Inc                                 | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     11162 | NS      | $545152.08    | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Tokyo Electron Ltd                        | Tokyo Electron Ltd                        | CUSIP: 889110102<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |      4804 | NS      | $375913.00    | 0.47%             |  |  |  | No            | 1                  | On Loan: —       |
| Trip.com Group Ltd                        | Trip.com Group Ltd                        | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | SG        |      6508 | NS      | $403170.60    | 0.51%             |  |  |  | No            | 1                  | On Loan: —       |
| Uber Technologies Inc                     | Uber Technologies Inc                     | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      9062 | NS      | $795190.50    | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| United Microelectronics Corp              | United Microelectronics Corp              | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |     38634 | NS      | $264256.56    | 0.33%             |  |  |  | No            | 1                  | On Loan: —       |
| Ambarella Inc                             | Ambarella Inc                             | CUSIP: N/A<br>LEI: 254900XN7F4DG0CEKC02       | Long             | EC               | CORP              | US        |      4908 | NS      | $324369.72    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Credo Technology Group Holding            | Credo Technology Group Holding Ltd        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3607 | NS      | $402360.85    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                           | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       522 | NS      | $362638.62    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Acuity Inc                                | Acuity Inc                                | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       979 | NS      | $304811.65    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Advantest Corp                            | Advantest Corp                            | CUSIP: 00762U200<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |      7148 | NS      | $476986.04    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Micro Devices Inc                | Advanced Micro Devices Inc                | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      6678 | NS      | $1177398.18   | 1.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Energy Industries Inc            | Advanced Energy Industries Inc            | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      2164 | NS      | $300622.88    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| SMC Corp                                  | SMC Corp                                  | CUSIP: 78445W306<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |     16031 | NS      | $279901.26    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| SPS Commerce Inc                          | SPS Commerce Inc                          | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |      1852 | NS      | $201617.98    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Siemens Energy AG                         | Siemens Energy AG                         | CUSIP: 82621A104<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |      3909 | NS      | $454890.33    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Silicon Laboratories Inc                  | Silicon Laboratories Inc                  | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |      2080 | NS      | $274081.60    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Silicon Motion Technology Corp            | Silicon Motion Technology Corp            | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | TW        |      4393 | NS      | $336240.22    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| SiTime Corp                               | SiTime Corp                               | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1281 | NS      | $259850.85    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Snowflake Inc                             | Snowflake Inc                             | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      2327 | NS      | $520084.50    | 0.66%             |  |  |  | No            | 1                  | On Loan: —       |
| SoundHound AI Inc                         | SoundHound AI Inc                         | CUSIP: 836100107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26035 | NS      | $268941.55    | 0.34%             |  |  |  | No            | 1                  | On Loan: —       |
| Spirit AeroSystems Holdings In            | Spirit AeroSystems Holdings Inc           | CUSIP: 848574109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6934 | NS      | $273199.60    | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer