# EDGAR Filing Document

**Accession Number:** 0001760588
**File Stem:** 0000910472-26-000943
**Filing Date:** 2026-1
**Character Count:** 36468
**Document Hash:** 94933f28a0f91786942766be0236ad55
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-000943.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0000910472-26-000943

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20251130

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23435
- **FILM NUMBER:** 26572284

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

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

## Series and Classes Contracts Data

### Zacks All-Cap Core Fund (Series ID: S000081339)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000244046 | Zacks All-Cap Core Fund Institutional Class Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

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

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

- **a. Name of Series:** Zacks All-Cap Core Fund

- **b. EDGAR series identifier (if any):** S000081339

- **c. LEI of Series:** 529900NI7TLWD8ZJ8E57

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**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:** $36296826.92

**Total Liabilities:** $334850.05

**Net Assets:** $35961976.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244046 | 2.82%                | 2.50%                | -0.10%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $85337.43                | $829652.28                                 |
| Month 2  | $153267.39               | $750543.96                                 |
| Month 3  | $78030.38                | $-144775.40                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fastenal Co.                            | FASTENAL CO      | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |      2065 | NS      | $83426.00     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                            | BROADCOM INC     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1725 | NS      | $695106.00    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                   | BANK OF AMERICA  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      7292 | NS      | $391215.80    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                           | PROLOGIS INC     | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      1006 | NS      | $129301.18    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                   | ROBINHOOD MARK-A | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      1965 | NS      | $252482.85    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                    | EMERSON ELEC CO  | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      1482 | NS      | $197669.16    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                         | ELI LILLY & CO   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       557 | NS      | $599036.79    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                      | VERTIV HOLDING-A | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |       960 | NS      | $172540.80    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc.               | AXCELIS TECH INC | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |       993 | NS      | $82190.61     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.              | AMERIPRISE FINAN | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |       685 | NS      | $312181.90    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                | AMERICAN EXPRESS | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1730 | NS      | $631917.10    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                  | TRUIST FINANCIAL | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      5741 | NS      | $266956.50    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                         | CATERPILLAR INC  | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1319 | NS      | $759427.44    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Company, Inc.      | AMERICAN WATER W | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      1239 | NS      | $161156.73    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                       | INTEL CORP       | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |      2803 | NS      | $113689.68    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.            | CADENCE DESIGN   | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       865 | NS      | $269741.60    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.             | CAPITAL ONE FINA | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |       878 | NS      | $192343.46    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                              | AMGEN INC        | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       823 | NS      | $284313.58    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                    | AMPHENOL CORP-A  | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |       950 | NS      | $133855.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                        | AMAZON.COM INC   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      4777 | NS      | $1114091.94   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                           | ACCENTURE PLC-A  | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       850 | NS      | $212500.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                         | MICROSOFT CORP   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2689 | NS      | $1323014.89   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                       | JOHNSON&JOHNSON  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      1665 | NS      | $344521.80    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Group                   | ROYAL CARIBBEAN  | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |       741 | NS      | $197291.25    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.        | AMERICAN ELECTRI | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      3339 | NS      | $413268.03    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                    | CORNING INC      | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      3000 | NS      | $252600.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.             | ADV MICRO DEVICE | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      1782 | NS      | $387638.46    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation            | GENERAL DYNAMICS | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       551 | NS      | $188238.13    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.       | HARTFORD INSURAN | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      3022 | NS      | $414104.66    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                       | EXXON MOBIL CORP | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      2311 | NS      | $267891.12    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                     | LEIDOS HOLDINGS  | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |       857 | NS      | $163772.70    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                           | NETFLIX INC      | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      5120 | NS      | $550809.60    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                   | CARDINAL HEALTH  | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      1793 | NS      | $380582.18    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                         | T-MOBILE US INC  | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      1414 | NS      | $295540.14    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                     | ARISTA NETWORKS  | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |       998 | NS      | $130418.64    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.       | PNC FINANCIAL SE | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      1038 | NS      | $197967.36    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                 | REPUBLIC SVCS    | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      1573 | NS      | $341435.38    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                             | ZSCALER INC      | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |       731 | NS      | $183846.50    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                        | PURE STORAGE-A   | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |      2335 | NS      | $207721.60    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                  | TJX COS INC      | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      2216 | NS      | $336654.72    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                             | PFIZER INC       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      4839 | NS      | $124555.86    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| W.R. Berkley Corporation                | WR BERKLEY CORP  | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      2829 | NS      | $219785.01    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                          | BLACKROCK INC    | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       151 | NS      | $158142.30    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc                 | MIRION TECHNOLOG | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |      3964 | NS      | $103143.28    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc               | PALANTIR TECHN-A | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |       859 | NS      | $144698.55    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                              | INTUIT INC       | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       374 | NS      | $237145.92    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                 | BXP INC          | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |      1552 | NS      | $112302.72    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                         | HOME DEPOT INC   | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      1226 | NS      | $437583.92    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc.                           | ASSURANT INC     | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |       512 | NS      | $116817.92    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc            | THERMO FISHER    | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       373 | NS      | $220379.59    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                              | APPLE INC        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      5978 | NS      | $1666965.30   | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc.                | ZOOM COMMUNICATI | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      1271 | NS      | $107984.16    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                    | JPMORGAN CHASE   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      2220 | NS      | $695037.60    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                   | UBER TECHNOLOGIE | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      2076 | NS      | $181733.04    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                      | CINTAS CORP      | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1873 | NS      | $348415.46    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                     | STRYKER CORP     | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       530 | NS      | $196725.40    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulte Group Inc                         | PULTEGROUP INC   | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1801 | NS      | $229069.19    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                | PROCTER & GAMBLE | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      3071 | NS      | $454999.36    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                             | PEPSICO INC      | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      1952 | NS      | $290340.48    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                           | ALPHABET INC-C   | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      1244 | NS      | $398229.28    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                              | TWILIO INC - A   | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |       993 | NS      | $128782.17    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                        | MCDONALDS CORP   | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       613 | NS      | $191145.66    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                           | CHEVRON CORP     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2679 | NS      | $404877.27    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                               | RTX CORP         | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      2020 | NS      | $353318.20    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                     | ANALOG DEVICES   | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |       911 | NS      | $241724.74    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                 | UNITEDHEALTH GRP | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       803 | NS      | $264805.31    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                    | GILEAD SCIENCES  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      2136 | NS      | $268794.24    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                     | ABBOTT LABS      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      1821 | NS      | $234726.90    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.   | IBM              | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       713 | NS      | $220017.54    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc.                            | METLIFE INC      | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      3218 | NS      | $246370.08    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated     | VERTEX PHARM     | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |       543 | NS      | $235450.23    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                  | APPLIED MATERIAL | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      1014 | NS      | $255781.50    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                  | PALO ALTO NETWOR | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      1099 | NS      | $208952.87    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Moodys Corp.                            | MOODY'S CORP     | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |       549 | NS      | $269438.22    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                               | TOAST INC-A      | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |      2987 | NS      | $102125.53    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                            | ORACLE CORP      | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       752 | NS      | $151866.40    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.            | MARRIOTT INTL-A  | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       900 | NS      | $274311.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                        | MERCK & CO       | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      2215 | NS      | $232198.45    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                       | HERSHEY CO/THE   | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      1350 | NS      | $253908.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                | LAM RESEARCH     | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      1162 | NS      | $181272.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                | FABRINET         | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |       539 | NS      | $247621.99    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products, Inc.            | MUELLER WATER-A  | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |      3737 | NS      | $90584.88     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                             | WALMART INC      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      5777 | NS      | $638416.27    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                         | STARBUCKS CORP   | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      1173 | NS      | $102180.03    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                         | SALESFORCE INC   | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       740 | NS      | $170599.60    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corporation           | BOSTON SCIENTIFC | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      2140 | NS      | $217381.20    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                           | ALPHABET INC-A   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      5048 | NS      | $1616268.64   | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                         | EMCOR GROUP INC  | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       815 | NS      | $501282.05    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                            | NVIDIA CORP      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     13088 | NS      | $2316576.00   | 6.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation          | WINTRUST FINL    | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      1017 | NS      | $136298.34    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                           | NISOURCE INC     | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |      2361 | NS      | $104190.93    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc          | BJ'S WHOLESALE C | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      1070 | NS      | $95476.10     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust          | FH-TR OBL-INS    | CUSIP: 60934N500<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    606192 | PA      | $606192.37    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                     | CISCO SYSTEMS    | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      3887 | NS      | $299065.78    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                    | LABCORP HOLDINGS | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       695 | NS      | $186802.10    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc.                               | OKTA INC         | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |       848 | NS      | $68119.84     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                    | HOWMET AEROSPACE | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |       848 | NS      | $173492.32    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                               | TESLA INC        | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       763 | NS      | $328219.71    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Companies, Inc.        | MARSH & MCLENNAN | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      1780 | NS      | $326541.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                            | SOUTHERN CO      | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      2161 | NS      | $196910.32    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                              | NASDAQ INC       | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      1853 | NS      | $168474.76    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc. | MID-AMERICA APAR | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |       943 | NS      | $128144.27    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company            | BRISTOL-MYER SQB | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      2310 | NS      | $113652.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology S.A.                 | SPOTIFY TECHNOLO | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       643 | NS      | $385073.41    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                          | CONOCOPHILLIPS   | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      2786 | NS      | $247090.34    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                      | META PLATFORMS-A | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1853 | NS      | $1200651.35   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                             | ABBVIE INC       | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1906 | NS      | $433996.20    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| UiPath Inc.                             | UIPATH INC -CL A | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |      8012 | NS      | $111046.32    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

**Name of Applicant:** Zacks Trust

**Signature:** Edward Kelly

**Name of Signer:** Edward Kelly

**Title:** Assistant Treasurer