# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001752724-25-160116
**Filing Date:** 2025-6
**Character Count:** 91479
**Document Hash:** e155ada5069a41c63fa96258753d7e98
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-160116.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-160116

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS III
- **CENTRAL INDEX KEY:** 0000908695

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 251080053

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Victory Science & Technology Fund (Formerly USAA Science & Technology Fund) (Series ID: S000012911)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000034880 | Victory Science & Technology Fund Shares  | USSCX           |
| C000220624 | Victory Science & Technology Fund Class A | USTCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios III

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

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

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

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

- **a. Name of Series:** Victory Science & Technology Fund

- **b. EDGAR series identifier (if any):** S000012911

- **c. LEI of Series:** PB3SKW3PAFSC82EVGX20

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

- **a. Date of fiscal year-end:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1121418991.80

**Total Liabilities:** $16688368.04

**Net Assets:** $1104730623.76

**Cash Not Reported:** $15224113.52

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000220624 | -6.25%               | -11.66%              | 3.20%                |
| Class ID C000034880 | -6.22%               | -11.62%              | 3.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $18734696.20             | $-100292866.27                             |
| Month 2  | $-8277697.58             | $-133680946.29                             |
| Month 3  | $-1839153.06             | $36610003.92                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMGEN INC.                                     | AMGEN INC                                      | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       217 | NS      | $63129.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                            | SHIFT4 PAYMENTS INC CLASS A                    | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77880 | NS      | $6370584.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| IMMUNOCORE HOLDINGS PLC                        | IMMUNOCORE HOLDINGS PLC                        | CUSIP: 45258D105<br>LEI: 213800IUE3DFS84BVN18 | Long             |  | CORP              | GB        |       724 | NS      | $21792.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| ELANCO ANIMAL HEALTH INCORPORATED              | ELANCO ANIMAL HEALTH INC                       | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |      3641 | NS      | $34516.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA, INC.                                  | CENCORA INC                                    | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       973 | NS      | $284767.91    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PC CONNECTION, INC.                            | PC CONNECTION INC                              | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |      8612 | NS      | $534288.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| REGULUS THERAPEUTICS INC                       | REGULUS THERAPEUTICS INC                       | CUSIP: 75915K309<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    793168 | NS      | $6329480.64   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| ADDUS HOMECARE CORPORATION                     | ADDUS HOMECARE CORP                            | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |       564 | NS      | $58966.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX, INC.                                  | DROPBOX INC                                    | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |    181713 | NS      | $5187906.15   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORPORATION                            | STRYKER CORP                                   | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       271 | NS      | $101332.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ARDENT HEALTH PARTNERS, INC.                   | ARDENT HEALTH PARTNERS LLC                     | CUSIP: 03980N107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3074 | NS      | $39132.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TRADE DESK, INC.                           | THE TRADE DESK INC CLASS A                     | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |    115625 | NS      | $6200968.75   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors N.V.                        | NXP SEMICONDUCTOR NV                           | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     15527 | NS      | $2861781.37   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMVAULT SYSTEMS, INC.                        | COMMVAULT SYSTEMS INC                          | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     13852 | NS      | $2315084.76   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                            | KRYSTAL BIOTECH INC                            | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |     21173 | NS      | $3596869.24   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORPORATION                | UNITED THERAPEUTICS CORP                       | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       231 | NS      | $70013.79     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                              | MERCK CO INC                                   | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      4706 | NS      | $400951.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AGILYSYS, INC.                                 | AGILYSYS INC                                   | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     10675 | NS      | $793686.25    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                        | GSK PLC                                        | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |      3143 | NS      | $62167.56     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Qiagen N.V.                                    | QIAGEN NV                                      | CUSIP: N72482206<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |      1311 | NS      | $56045.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGN TECHNOLOGY, INC.                         | ALIGN TECHNOLOGY INC                           | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |       244 | NS      | $42285.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE NATION ENTERTAINMENT, INC.                | LIVE NATION ENTERTAINMENT INC                  | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     12342 | NS      | $1634697.90   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND | GLDMN SCHS FIN SQ GV-FST                       | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3936107 | NS      | $3936106.74   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CYBERARK SOFTWARE LTD.                         | CYBERARK SOFTWARE LTD                          | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     20181 | NS      | $7106940.96   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC.                                     | ADOBE INC                                      | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     12379 | NS      | $4641877.42   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp.                                 | COHERENT CORP                                  | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    147243 | NS      | $9470669.76   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| RAMBUS INC.                                    | RAMBUS INC                                     | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     18991 | NS      | $926570.89    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DOCUSIGN, INC.                                 | DOCUSIGN INC                                   | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     61807 | NS      | $5052722.25   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Astellas Pharma Inc.                           | ASTELLAS PHARMA INC                            | CUSIP: N/A<br>LEI: 529900IB708DY2HBBB35       | Long             | EC               | CORP              | JP        |      2265 | NS      | $22685.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INCORPORATED          | THERMO FISHER SCIENTIFIC INC                   | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       599 | NS      | $256971.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix Inc.                                  | SK HYNIX INC                                   | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      7540 | NS      | $940921.35    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Zai Lab Ltd                                    | ZAI LAB LTD                                    | CUSIP: 98887Q104<br>LEI: 549300P2UYQ9U5LY1T58 | Long             |  | CORP              | KY        |       885 | NS      | $28045.65     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| TAKE-TWO INTERACTIVE SOFTWARE, INC.            | TAKE TWO INTERACTIVE SOFTWARE                  | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     52529 | NS      | $12256066.28  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacs Group Inc                                 | PACS GROUP INC                                 | CUSIP: 69380Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1833 | NS      | $17651.79     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD.                                      | FLEX LTD                                       | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |     79637 | NS      | $2734734.58   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                            | ABBOTT LABORATORIES                            | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      1406 | NS      | $183834.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEAYA Biosciences Inc                         | IDEAYA BIOSCIENCES INC                         | CUSIP: 45166A102<br>LEI: 549300ULW08F62IJML11 | Long             | EC               | CORP              | US        |    117511 | NS      | $2365496.43   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLASSIAN CORPORATION                          | ATLASSIAN CORP PLC                             | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      4450 | NS      | $1015979.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC THERAPEUTICS, INC.                         | PTC THERAPEUTICS INC                           | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |       811 | NS      | $40420.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Galderma Group Ltd                             | GALDERMA GROUP AG                              | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               | CORP              | CH        |       896 | NS      | $104110.62    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BOSTON SCIENTIFIC CORPORATION                  | BOSTON SCIENTIFIC CORP                         | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      5037 | NS      | $518156.19    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTREME NETWORKS, INC.                         | EXTREME NETWORKS INC                           | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     54208 | NS      | $713377.28    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MONGODB, INC.                                  | MONGODB INC                                    | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |     20709 | NS      | $3565468.53   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                         | UCB SA                                         | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |       529 | NS      | $96973.10     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Dyne Therapeutics Inc                          | DYNE THERAPEUTICS INC                          | CUSIP: 26818M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103670 | NS      | $1222269.30   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX, INC.                                  | NETFLIX INC                                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     25037 | NS      | $28334873.64  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER, INC.                                  | ZSCALER INC                                    | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      9336 | NS      | $2111523.12   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORPORATION                       | LAM RESEARCH CORP                              | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    141216 | NS      | $10120950.72  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CELLDEX THERAPEUTICS, INC.                     | CELLDEX THERAPEUTICS INC                       | CUSIP: 15117B202<br>LEI: 529900F018DMYWH38923 | Long             | EC               | CORP              | US        |      1123 | NS      | $23392.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOM COMMUNICATIONS, INC.                      | ZOOM COMMUNICATIONS INC                        | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      6685 | NS      | $518354.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DAKTRONICS, INC.                               | DAKTRONICS INC                                 | CUSIP: 234264109<br>LEI: 549300IOLZ3SG5YUJ288 | Long             | EC               | CORP              | US        |     54450 | NS      | $690970.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| DEXCOM, INC.                                   | DEXCOM INC                                     | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      1615 | NS      | $115278.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CARGURUS, INC.                                 | CARGURUS INC                                   | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |     32394 | NS      | $905736.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                           | META PLATFORMS INC                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    142207 | NS      | $78071643.00  | 7.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc                          | ARLO TECHNOLOGIES INC                          | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |     48087 | NS      | $472695.21    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNATRACE, INC.                                | DYNATRACE INC                                  | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |    107078 | NS      | $5029453.66   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| WIX.COM LTD                                    | WIX COM LTD                                    | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |     46180 | NS      | $7831666.20   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGNMENT HEALTHCARE, INC.                     | ALIGNMENT HEALTHCARE INC                       | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3384 | NS      | $59964.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYSTEMS INC.                             | VEEVA SYSTEMS INC                              | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     16369 | NS      | $3825271.61   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIVIA HEALTH GROUP, INC.                      | PRIVIA HEALTH GROUP INC                        | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2366 | NS      | $55553.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd             | CREDO TECHNOLOGY GROUP HOLDING LTD             | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    217205 | NS      | $9350675.25   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORPORATION                                | KLA CORP                                       | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      9068 | NS      | $6371992.92   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY AND COMPANY                          | ELI LILLY CO                                   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     33905 | NS      | $30478899.75  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| YELP INC.                                      | YELP INC                                       | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     62001 | NS      | $2174995.08   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                         | SAP SE                                         | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             |  | CORP              | DE        |      9910 | NS      | $2895602.90   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Expanded Tech Sector ETF               | ISHARES EXPANDED TECH SECTOR                   | CUSIP: 464287549<br>LEI: N/A                  | Long             |  | RF                | US        |     52545 | NS      | $4866717.90   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| BADGER METER, INC.                             | BADGER METER INC                               | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |      4097 | NS      | $904699.54    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| INSULET CORPORATION                            | INSULET CORP                                   | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |       381 | NS      | $96122.49     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INSIGHT ENTERPRISES, INC.                      | INSIGHT ENTERPRISES INC                        | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |      4013 | NS      | $554917.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMICUS THERAPEUTICS, INC.                      | AMICUS THERAPEUTICS INC                        | CUSIP: 03152W109<br>LEI: 549300MRD1SMUTNBPQ53 | Long             | EC               | CORP              | US        |      2894 | NS      | $22225.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RINGCENTRAL, INC.                              | RINGCENTRAL INC CLASS A                        | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     83896 | NS      | $2139348.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PEGASYSTEMS INC.                               | PEGASYSTEMS INC                                | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     50786 | NS      | $4676374.88   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST                          | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3936107 | NS      | $3936106.73   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Replimune Group Inc                            | REPLIMUNE GROUP INC                            | CUSIP: 76029N106<br>LEI: 549300AY704NEIRC4K64 | Long             | EC               | CORP              | US        |    210400 | NS      | $2057712.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                        | BRISTOL MYERS SQUIBB CO                        | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      3170 | NS      | $159134.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolution Medicines Inc                       | REVOLUTION MEDICINES INC                       | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |    155165 | NS      | $6265562.70   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GLAUKOS CORPORATION                            | GLAUKOS CORP                                   | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |       738 | NS      | $69556.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AXSOME THERAPEUTICS, INC.                      | AXSOME THERAPEUTICS INC                        | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |       307 | NS      | $34473.03     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GitLab Inc                                     | GITLAB INC                                     | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     73539 | NS      | $3432065.13   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AGILENT TECHNOLOGIES, INC.                     | AGILENT TECHNOLOGIES INC                       | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |       781 | NS      | $84035.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Akero Therapeutics Inc                         | AKERO THERAPEUTICS INC                         | CUSIP: 00973Y108<br>LEI: 549300SI3KG74LBE2955 | Long             | EC               | CORP              | US        |       786 | NS      | $35849.46     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholar Rock Holding Corp                      | SCHOLAR ROCK HOLDING CORP                      | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               | CORP              | US        |      1275 | NS      | $41960.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Merus NV                                       | MERUS NV                                       | CUSIP: N5749R100<br>LEI: 549300W8GPUWU8QNU293 | Long             | EC               | CORP              | NL        |     26690 | NS      | $1214661.90   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP, INC.                                   | NETAPP INC                                     | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     20960 | NS      | $1881160.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW, INC.                               | SERVICENOW INC                                 | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     31336 | NS      | $29926193.36  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                    | SAMSARA INC                                    | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30754 | NS      | $1219703.64   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SAREPTA THERAPEUTICS, INC.                     | SAREPTA THERAPEUTICS INC                       | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |     16290 | NS      | $1016496.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX, INC.                                   | VERTEX INC CLASS A                             | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |      9352 | NS      | $374360.56    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SAVARA INC.                                    | SAVARA INC                                     | CUSIP: 805111101<br>LEI: 5493002JO0WM3YMJXG33 | Long             | EC               | CORP              | US        |      6692 | NS      | $21414.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES, INC.                        | UBER TECHNOLOGIES INC                          | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     25864 | NS      | $2095242.64   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS INSTRUMENTS, INC.                          | MKS INSTRUMENTS INC                            | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     17119 | NS      | $1200726.66   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                      | VISA INC CLASS A                               | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     54124 | NS      | $18699842.00  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE, INC.                        | MOLINA HEALTHCARE INC                          | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |       342 | NS      | $111837.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND           | HSBC US GOVT MMKT-I                            | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3936107 | NS      | $3936106.74   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MoonLake Immunotherapeutics                    | MOONLAKE IMMUNOTHERAPEUTICS                    | CUSIP: 61559X104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     72828 | NS      | $3064602.24   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                             | NVIDIA CORP                                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    771593 | NS      | $84041909.56  | 7.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CONFLUENT, INC.                                | CONFLUENT INC                                  | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |    320992 | NS      | $7642819.52   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CYTOKINETICS, INCORPORATED                     | CYTOKINETICS INC                               | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |       835 | NS      | $35771.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INCORPORATED                          | QUALCOMM INC                                   | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     35731 | NS      | $5304624.26   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS, INC.                          | ARISTA NETWORKS INC                            | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    104955 | NS      | $8634647.85   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| AXCELIS TECHNOLOGIES, INC.                     | AXCELIS TECHNOLOGIES INC                       | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |      6551 | NS      | $320867.98    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WATERS CORPORATION                             | WATERS CORP                                    | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |       422 | NS      | $146742.06    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY, INC                        | MARVELL TECHNOLOGY INC                         | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    202198 | NS      | $11802297.26  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC.                                   | SHOPIFY INC                                    | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     25708 | NS      | $2442260.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcellx Inc                                    | ARCELLX INC                                    | CUSIP: 03940C100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63373 | NS      | $4116076.35   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAR SECURE, INC.                             | CLEAR SECURE INC                               | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35604 | NS      | $878706.72    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| VERONA PHARMA PLC.                             | VERONA PHARMA PLC                              | CUSIP: 925050106<br>LEI: 213800EVI6O6J3TIAL06 | Long             |  | CORP              | GB        |      1033 | NS      | $74448.31     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nurix Therapeutics Inc                         | NURIX THERAPEUTICS INC                         | CUSIP: 67080M103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81833 | NS      | $943534.49    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Disc Medicine Inc                              | DISC MEDICINE INC                              | CUSIP: 254604101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92684 | NS      | $4580443.28   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORPORATION                            | DANAHER CORP                                   | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       748 | NS      | $149098.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INCORPORATED            | VERTEX PHARAMACEUTICALS INC                    | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     27663 | NS      | $14094298.50  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBNB, INC.                                   | AIRBNB INC CLASS A                             | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     14157 | NS      | $1726021.44   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DIASORIN SPA RTS                               | DIASORIN SPA RTS                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | IT        |       457 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHROMA ATE INC.                                | CHROMA ATE INC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    223000 | NS      | $2039261.66   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Zymeworks Inc                                  | ZYMEWORKS INC                                  | CUSIP: 98985Y108<br>LEI: 894500AHOYAGYLYZJL67 | Long             | EC               | CORP              | US        |     83299 | NS      | $1083719.99   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical Inc                  | ULTRAGENYX PHARMACEUTICAL INC                  | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     63072 | NS      | $2458546.56   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EverQuote Inc                                  | EVERQUOTE INC                                  | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25879 | NS      | $614367.46    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AnaptysBio Inc                                 | ANAPTYSBIO INC                                 | CUSIP: 032724106<br>LEI: 529900HH4WQT03IG1A12 | Long             | EC               | CORP              | US        |    170246 | NS      | $3782866.12   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| SPS COMMERCE, INC.                             | SPS COMMERCE INC                               | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |      4656 | NS      | $668182.56    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| REDDIT INC.                                    | REDDIT INC                                     | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27899 | NS      | $3252186.43   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH, INC.                          | ELEVANCE HEALTH INC                            | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       169 | NS      | $71078.02     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                                 | AUTODESK INC                                   | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     17598 | NS      | $4826251.50   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL, INC.                       | INTUITIVE SURGICAL INC                         | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       738 | NS      | $380660.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                   | ENCOMPASS HEALTH CORP                          | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |       913 | NS      | $106811.87    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST SOLAR, INC.                              | FIRST SOLAR INC                                | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     14538 | NS      | $1829171.16   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecan Group AG                                 | TECAN GROUP AG                                 | CUSIP: N/A<br>LEI: 529900CSN9R3BLETSL26       | Long             | EC               | CORP              | CH        |       105 | NS      | $20458.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LABCORP HOLDINGS INC.                          | LABCORP HOLDINGS INC                           | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       418 | NS      | $100742.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                       | MOTOROLA SOLUTIONS INC                         | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     14071 | NS      | $6196727.69   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                              | JOHNSON JOHNSON                                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      1654 | NS      | $258536.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC.                     | PALANTIR TECHNOLOGIES INC                      | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     27746 | NS      | $3286236.24   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Yext Inc                                       | YEXT INC                                       | CUSIP: 98585N106<br>LEI: 5299008ZQSBBVH7K0589 | Long             | EC               | CORP              | US        |     55768 | NS      | $379222.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTANIX, INC.                                  | NUTANIX INC A                                  | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     72701 | NS      | $4994558.70   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| LIFESTANCE HEALTH GROUP, INC.                  | LIFESTANCE HEALTH GROUP INC                    | CUSIP: 53228F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10197 | NS      | $66994.29     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyra Biosciences Inc                           | TYRA BIOSCIENCES INC                           | CUSIP: 90240B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107503 | NS      | $1107280.90   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| DAYFORCE, INC.                                 | DAYFORCE INC                                   | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |     28629 | NS      | $1656760.23   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS, INC.                  | ALNYLAM PHARMACEUTICALS INC                    | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |       236 | NS      | $62124.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMTECH CORPORATION                            | SEMTECH CORP                                   | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |    226853 | NS      | $7089156.25   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NATERA, INC.                                   | NATERA INC                                     | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53582 | NS      | $8087131.26   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                          | MICROSOFT CORP                                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    204449 | NS      | $80810511.74  | 7.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.   | TAIWAN SEMICONDUCTOR MANUFACTU                 | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    110700 | NS      | $3137812.13   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| HOLOGIC, INC.                                  | HOLOGIC INC                                    | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |       462 | NS      | $26888.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET, INC.                                 | FORTINET INC                                   | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     61615 | NS      | $6393172.40   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORPORATION                         | FAIR ISAAC CORP                                | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |     11634 | NS      | $23147937.12  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PURE STORAGE, INC.                             | PURE STORAGE INC                               | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     70276 | NS      | $3187719.36   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL FUSE INC.                                  | BEL FUSE INC                                   | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     11639 | NS      | $765497.03    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| INSMED INCORPORATED                            | INSMED INC                                     | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |    105850 | NS      | $7621200.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Zeta Global Holdings Corp                      | ZETA GLOBAL HOLDINGS CORP                      | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Long             | EC               | CORP              | US        |     21406 | NS      | $279562.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings, Inc.                    | DIGITALOCEAN HOLDINGS INC                      | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |     12836 | NS      | $396632.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE PUBLIC LIMITED COMPANY               | ACCENTURE PLC                                  | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     16590 | NS      | $4962898.50   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION CARE HEALTH, INC.                       | OPTION CARE HEALTH INC                         | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |      2591 | NS      | $83715.21     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bicara Therapeutics Inc                        | BICARA THERAPEUTICS INC                        | CUSIP: 055477103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96379 | NS      | $1384966.23   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| NOVANTA INC.                                   | NOVANTA INC                                    | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      1621 | NS      | $192672.06    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED              | MICROCHIP TECHNOLOGY INC                       | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      4019 | NS      | $185195.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenon Pharmaceuticals Inc                      | XENON PHARMACEUTICALS INC                      | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |       881 | NS      | $33654.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PINTEREST, INC.                                | PINTEREST INC                                  | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    104428 | NS      | $2644116.96   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MANHATTAN ASSOCIATES, INC.                     | MANHATTAN ASSOCIATES INC                       | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |      5650 | NS      | $1002253.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION                           | AMPHENOL CORP CLASS A                          | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     72352 | NS      | $5567486.40   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORPORATION                             | ORACLE CORP                                    | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     24284 | NS      | $3417244.48   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                                  | BROADCOM INC                                   | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    124571 | NS      | $23976180.37  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GARTNER, INC.                                  | GARTNER INC                                    | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |     11089 | NS      | $4669356.12   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS, INC.                                 | SYNOPSYS INC                                   | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     10666 | NS      | $4895800.66   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corp                          | TWIST BIOSCIENCE CORP                          | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |     83948 | NS      | $3216887.36   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| monday.com Ltd                                 | MONDAY COM LTD                                 | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |     16195 | NS      | $4550633.05   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| REGULUS THERAPEUTICS WARRANT                   | REGULUS THERAPEUTICS WARRANT                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    470257 | NS      | $242652.82    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Vaxcyte Inc                                    | VAXCYTE INC                                    | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |     77735 | NS      | $2786022.40   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vera Therapeutics Inc                          | VERA THERAPEUTICS INC                          | CUSIP: 92337R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21081 | NS      | $492662.97    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| APELLIS PHARMACEUTICALS, INC.                  | APELLIS PHARMACEUTICALS INC                    | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | EC               | CORP              | US        |       977 | NS      | $18768.17     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC.                                    | INTUIT INC                                     | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     14048 | NS      | $8814698.56   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Structure Therapeutics Inc                     | STRUCTURE THERAPEUTICS INC                     | CUSIP: 86366E106<br>LEI: N/A                  | Long             |  | CORP              | KY        |      1302 | NS      | $35154.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.      | MACOM TECHNOLOGY SOLUTIONS HOL                 | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142697 | NS      | $14804813.75  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvalent Inc                                   | NUVALENT INC                                   | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59740 | NS      | $4585045.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIICHI SANKYO COMPANY, LIMITED                | DAIICHI SANKYO CO LTD                          | CUSIP: N/A<br>LEI: 353800XGIU2IHQGC9504       | Long             | EC               | CORP              | JP        |      2861 | NS      | $73196.36     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Protagonist Therapeutics Inc                   | PROTAGONIST THERAPEUTICS INC                   | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44525 | NS      | $2040135.50   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidity Biosciences Inc                        | AVIDITY BIOSCIENCES INC                        | CUSIP: 05370A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40229 | NS      | $1313476.85   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC.                                   | TRIMBLE INC                                    | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |    165852 | NS      | $10306043.28  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| EDWARDS LIFESCIENCES CORPORATION               | EDWARDS LIFESCIENCES CORPORATION               | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |      1452 | NS      | $109611.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Canaan Inc                                     | CANAAN INC                                     | CUSIP: 134748102<br>LEI: 254900OEOGK9ALNMUN24 | Long             |  | CORP              | KY        |   1116464 | NS      | $785544.07    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENEX INC                                    | ATHENEX INC                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |   5153482 | NS      | $0.05         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JABIL INC.                                     | JABIL INC                                      | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     28094 | NS      | $4117456.64   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| FANUC CORPORATION                              | FANUC CORPORATION                              | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               | CORP              | JP        |     61600 | NS      | $1563605.76   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Aspeed Technology Inc                          | ASPEED TECHNOLOGY INC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     28740 | NS      | $2704769.21   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| AGILON HEALTH, INC.                            | AGILON HEALTH INC                              | CUSIP: 00857U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8730 | NS      | $37189.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY               | MEDTRONIC PLC                                  | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      1213 | NS      | $102813.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ASCENDIS PHARMA A/S                            | ASCENDIS PHARMA A S ADR                        | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             |  | CORP              | DK        |       393 | NS      | $66982.92     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sapiens International Corporation N.V.         | SAPIENS INTERNATIONAL CORP NV                  | CUSIP: G7T16G103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      9669 | NS      | $264833.91    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ABIOMED INC CVR                                | ABIOMED INC CVR                                | CUSIP: 003CVR016<br>LEI: N/A                  | Long             | EC               |  | US        |       145 | NS      | $147.90       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| EPLUS INC.                                     | EPLUS INC                                      | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |      5805 | NS      | $361999.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PUBLIC LIMITED COMPANY                    | ICON PLC                                       | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |       642 | NS      | $97224.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HACKETT GROUP, INC.                        | HACKETT GROUP INC THE                          | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |      9402 | NS      | $240127.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXLINEAR, INC.                                | MAXLINEAR INC                                  | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |    534188 | NS      | $5336538.12   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| EVOLENT HEALTH, INC.                           | EVOLENT HEALTH INC                             | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |      3357 | NS      | $33100.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| argenx SE                                      | ARGENX SE ADR                                  | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             |  | CORP              | NL        |      5468 | NS      | $3527625.52   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BOX, INC.                                      | BOX INC CLASS A                                | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     64477 | NS      | $2012971.94   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SURGERY PARTNERS, INC.                         | SURGERY PARTNERS INC                           | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Long             | EC               | CORP              | US        |      1839 | NS      | $40366.05     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Absci Corp                                     | ABSCI CORP                                     | CUSIP: 00091E109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    365635 | NS      | $1122499.45   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| ASTRAZENECA PLC                                | ASTRAZENECA PLC                                | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             |  | CORP              | GB        |      2580 | NS      | $185218.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                            | CENTENE CORP                                   | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      2338 | NS      | $139929.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMP4 Therapeutics Corp                        | CAMP4 THERAPEUTICS CORP                        | CUSIP: 13463J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    228835 | NS      | $405037.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| APPLIED MATERIALS, INC.                        | APPLIED MATERIALS INC                          | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     37904 | NS      | $5712511.84   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc                              | SPROUT SOCIAL INC                              | CUSIP: 85209W109<br>LEI: 254900QE3QH8EBRDOB65 | Long             | EC               | CORP              | US        |    140042 | NS      | $2928278.22   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOTRONICS, INC.                               | PHOTRONICS INC                                 | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     36871 | NS      | $673633.17    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT, INC.                                  | HUBSPOT INC                                    | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      2378 | NS      | $1454147.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA HEALTHCARE COMPANY, INC.                | ACADIA HEALTHCARE CO INC                       | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |      2816 | NS      | $65894.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC.                                     | APPLE INC                                      | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    154555 | NS      | $32842937.50  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                | UNITEDHEALTH GROUP INC                         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2206 | NS      | $907636.64    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MADRIGAL PHARMACEUTICALS, INC.                 | MADRIGAL PHARMACEUTICALS INC                   | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |     15020 | NS      | $5015328.20   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SICHUAN KELUN BIOTECH BIOPHARMACEUTICAL CO LTD | SICHUAN KELUN BIOTECH BIOPHARMACEUTICAL CO LTD | CUSIP: Y793HA102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       867 | NS      | $37089.92     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES, INC.                          | GILEAD SCIENCES INC                            | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      1287 | NS      | $137116.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE, INC.                           | HCA HEALTHCARE INC                             | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       543 | NS      | $187378.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, INC.                                       | F5 Inc                                         | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      8595 | NS      | $2275440.30   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Spyre Therapeutics Inc                         | SPYRE THERAPEUTICS INC                         | CUSIP: 00773J202<br>LEI: 52990017AIJPRH3HQH40 | Long             | EC               | CORP              | US        |     78915 | NS      | $1201875.45   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Biohaven Ltd                                   | BIOHAVEN LTD                                   | CUSIP: G1110E107<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |    100410 | NS      | $2221069.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                       | INFINEON TECHNOLOGIES AG                       | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |     31998 | NS      | $1059725.97   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYSTEMS, INC.                   | CADENCE DESIGN SYSTEMS INC                     | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      3715 | NS      | $1106104.10   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC.                                 | SNOWFLAKE INC CLASS A                          | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     83697 | NS      | $13348834.53  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VARONIS SYSTEMS, INC.                          | VARONIS SYSTEMS INC                            | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |    426715 | NS      | $18280470.60  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Oric Pharmaceuticals Inc                       | ORIC PHARMACEUTICALS INC                       | CUSIP: 68622P109<br>LEI: 54930033FJRNEYBW0L25 | Long             | EC               | CORP              | US        |    348877 | NS      | $1992087.67   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUEPRINT MEDICINES CORPORATION                | BLUEPRINT MEDICINES CORP                       | CUSIP: 09627Y109<br>LEI: 5299004CC60O9T5HVM83 | Long             | EC               | CORP              | US        |       366 | NS      | $32757.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NAPCO SECURITY TECHNOLOGIES, INC.              | NAPCO SEC SYS INC                              | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |     20363 | NS      | $465294.55    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORPORATION                           | APPLOVIN CORP                                  | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |    130791 | NS      | $35223324.21  | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC.                                    | HUMANA INC                                     | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       427 | NS      | $111976.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                       | FABRINET                                       | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      4157 | NS      | $852434.42    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Crinetics Pharmaceuticals Inc                  | CRINETICS PHARMACEUTICALS INC                  | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |    143975 | NS      | $4807325.25   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Olema Pharmaceuticals Inc                      | OLEMA PHARMACEUTICALS INC                      | CUSIP: 68062P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    257293 | NS      | $1327631.88   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                  | ALPHABET INC CLASS A                           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    240151 | NS      | $38135978.80  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SpringWorks Therapeutics Inc                   | SPRINGWORKS THERAPEUTICS INC                   | CUSIP: 85205L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73716 | NS      | $3413050.80   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX INC.                                       | WEX INC                                        | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     11025 | NS      | $1437329.25   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BIO-TECHNE CORPORATION                         | BIO TECHNE CORP                                | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |       549 | NS      | $27642.15     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IONIS PHARMACEUTICALS, INC.                    | IONIS PHARMACEUTICALS INC                      | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |       629 | NS      | $19316.59     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| APPFOLIO, INC.                                 | APPFOLIO INC                                   | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |     11793 | NS      | $2435490.36   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DIASORIN S.P.A.                                | DIASORIN SPA                                   | CUSIP: N/A<br>LEI: 8156002878BDF0EE4348       | Long             | EC               | CORP              | IT        |       457 | NS      | $52217.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| InterDigital, Inc.                             | INTERDIGITAL INC                               | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |      5446 | NS      | $1094646.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| A10 NETWORKS, INC.                             | A10 NETWORKS INC                               | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     35890 | NS      | $591467.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CIRRUS LOGIC, INC.                             | CIRRUS LOGIC INC                               | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     24651 | NS      | $2367482.04   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Viridian Therapeutics Inc                      | VIRIDIAN THERAPEUTICS INC                      | CUSIP: 92790C104<br>LEI: 549300C775BNYF550E70 | Long             | EC               | CORP              | US        |    249733 | NS      | $3383882.15   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                     | QUALYS INC                                     | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |     12453 | NS      | $1565466.63   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS, INC.                 | MONOLITHIC POWER SYSTEMS INC                   | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     24191 | NS      | $14347682.10  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GODADDY INC.                                   | GODADDY INC CLASS A                            | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     30573 | NS      | $5757813.09   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                               | AMAZON COM INC                                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    184097 | NS      | $33951168.74  | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Grindr Inc                                     | GRINDR INC                                     | CUSIP: 39854F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26870 | NS      | $590333.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEBIO PHARMA, INC.                         | BRIDGEBIO PHARMA INC                           | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |    107420 | NS      | $4120631.20   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOGEN INC.                                    | BIOGEN INC                                     | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |       141 | NS      | $17072.28     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPINJ, INC.                                   | IMPINJ INC                                     | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |     33436 | NS      | $3080458.68   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Kymera Therapeutics Inc                        | KYMERA THERAPEUTICS INC                        | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27377 | NS      | $938209.79    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Janux Therapeutics Inc                         | JANUX THERAPEUTICS INC                         | CUSIP: 47103J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60639 | NS      | $2013214.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Therapeutics Inc                        | APOGEE THERAPEUTICS INC                        | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98519 | NS      | $3866870.75   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE, INC.                               | SALESFORCE INC                                 | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     24275 | NS      | $6522935.25   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Soleno Therapeutics Inc                        | SOLENO THERAPEUTICS INC                        | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |       641 | NS      | $47985.26     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RAPID7, INC.                                   | RAPID7 INC                                     | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |      9959 | NS      | $235231.58    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK, INC.                                    | Block Inc                                      | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     26740 | NS      | $1563487.80   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mediaalpha Inc                                 | MEDIAALPHA INC                                 | CUSIP: 58450V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32620 | NS      | $274008.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW CORPORATION                                | CDW CORP OF DELAWARE                           | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      6603 | NS      | $1060177.68   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST                       | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3936107 | NS      | $3936106.74   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| EXACT SCIENCES CORPORATION                     | EXACT SCIENCES CORP                            | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |      1947 | NS      | $88861.08     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO NORDISK A/S                               | NOVO NORDISK                                   | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |       528 | NS      | $35308.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ABBVIE INC.                                    | ABBVIE INC                                     | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1195 | NS      | $233144.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer