# EDGAR Filing Document

**Accession Number:** 0000778206
**File Stem:** 0001999371-26-010367
**Filing Date:** 2026-5
**Character Count:** 501310
**Document Hash:** 89068376ec5c8b20cd6d9855265aae94
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-26-010367.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0001999371-26-010367

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 36

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260508

**DATE AS OF CHANGE**: 20260508

**EFFECTIVENESS DATE**: 20260508

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SHELTON FUNDS
- **CENTRAL INDEX KEY:** 0000778206

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04417
- **FILM NUMBER:** 26959410

**BUSINESS ADDRESS:**
- **STREET 1:** 1875 LAWRENCE STREET
- **STREET 2:** SUITE 300
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202-1805
- **BUSINESS PHONE:** 4153982727

**MAIL ADDRESS:**
- **STREET 1:** 1875 LAWRENCE STREET
- **STREET 2:** SUITE 300
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202-1805

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA INVESTMENT TRUST I
- **DATE OF NAME CHANGE:** 19870115

## Series and Classes Contracts Data

### Green California Tax-Free Income Fund (Series ID: S000011273)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000031070 | Investor Shares | CFNTX           |

### S&P 500 Index Fund (Series ID: S000016022)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044029 | Investor Shares | SPFIX           |
| C000044030 | K Shares        | SPXKX           |

### S&P MidCap Index Fund (Series ID: S000016023)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044031 | Investor Shares | SPMIX           |
| C000044032 | K Shares        | MIDKX           |

### S&P SmallCap Index Fund (Series ID: S000016024)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044033 | Investor Shares | SMCIX           |
| C000044034 | K Shares        | SMLKX           |

### Shelton Equity Income Fund (Series ID: S000016025)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044035 | Investor Shares | EQTIX           |
| C000044036 | K Shares        | EQTKX           |

### Nasdaq-100 Index Fund (Series ID: S000016026)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000044037 | K Shares             | NDXKX           |
| C000044038 | Investor Shares      | NASDX           |
| C000234798 | Institutional Shares | NQQQX           |

### U.S. Government Securities Fund (Series ID: S000016028)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044041 | Investor Shares | CAUSX           |
| C000044042 | K Shares        | CAUKX           |

### The United States Treasury Trust (Series ID: S000016030)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044045 | Investor Shares | UTSXX           |

### Shelton Sustainable Equity Fund (Series ID: S000039758)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000123237 | Investor Shares      | NEXTX           |
| C000238256 | Institutional Shares | NEXIX           |

?xml version='1.0' encoding='ASCII'? shelton_tsr

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANIES**

**811-04417**

(Investment Company Act file number)

**Shelton Funds**

(Exact name of registrant as specified in charter)

**<u>1401 Lawrence Street, Ste. 1550, Denver, CO 80202</u>**

(Address of principal executive offices) (Zip code)

**Stephen C. Rogers**

**Shelton Funds**

**1401 Lawrence Street, Ste. 1550**

**<u>Denver, CO 80202</u>**

(Name and address of agent for service)

**<u>(800) 955-9988</u>**

(Registrant's telephone number, including area code)

Date of fiscal year end: **<u>August 31</u>**

Date of reporting period: **<u>September 1, 2025 - February 28, 2026</u>**

**Item 1. Reports to Stockholders.**

**Green California Tax-Free Income Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual shareholder reportFebruary 28, 2026**<br> **Green California Tax-Free Income Fund**<br> **Investor Class Shares**<br> ticker: CFNTX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the Green California Tax-Free Income Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **Green California Tax Free Income Fund, Investor Class** | $44 | 0.87% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes1lw51mnyupaar.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **California Educational Facilities Authority** | 7.0% |
| **San Jose Financing Authority** | 4.8% |
| **San Diego Public Facilities Financing Authority** | 4.8% |
| **Regents of the University of California Medical Center Pooled Revenue** | 4.7% |
| **City of Los Angeles CA Wastewater System Revenue** | 4.6% |
| **San Mateo Foster City Public Financing Authority** | 4.6% |
| **San Francisco Bay Area Rapid Transit District** | 4.1% |
| **San Diego Unified School District** | 3.8% |
| **California Infrastructure & Economic Development Bank** | 3.7% |
| **City of Los Angeles Department of Airports** | 3.3% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $33302545 |
| **Total Number of Portfolio Holdings** | 37 |
| **Portfolio Turnover Rate** | 31% |

---

**U.S. Government Securities Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **U.S. Government Securities Fund**<br> **Investor Class Shares**<br> ticker: CAUSX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the U.S. Government Securities Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **Fund** | $39 | 0.77% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qesx0tl1mo0441ho.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **United States Treasury Note/Bond, 09/30/2029** | 13.1% |
| **United States Treasury Note/Bond, 11/15/2041** | 13.0% |
| **United States Treasury Note/Bond, 04/30/2032** | 11.0% |
| **United States Treasury Note/Bond, 11/15/2054** | 11.0% |
| **United States Treasury Note/Bond, 03/31/2027** | 8.3% |
| **United States Treasury Note/Bond, 08/15/2033** | 7.7% |
| **United States Treasury Note/Bond, 10/31/2030** | 7.6% |
| **United States Treasury Note/Bond, 08/15/2034** | 7.2% |
| **United States Treasury Note/Bond, 08/15/2045** | 5.6% |
| **United States Treasury Note/Bond, 05/15/2041** | 4.8% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $11014611 |
| **Total Number of Portfolio Holdings** | 19 |
| **Portfolio Turnover Rate** | 18% |

---

**U.S. Government Securities Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **U.S. Government Securities Fund**<br> **K Class Shares**<br> ticker: CAUKX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the U.S. Government Securities Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **U.S. Government Securities Fund** | $63 | 1.25% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qesx0tl1mo043g7k.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **United States Treasury Note/Bond, 09/30/2029** | 13.1% |
| **United States Treasury Note/Bond, 11/15/2041** | 13.0% |
| **United States Treasury Note/Bond, 04/30/2032** | 11.0% |
| **United States Treasury Note/Bond, 11/15/2054** | 11.0% |
| **United States Treasury Note/Bond, 03/31/2027** | 8.3% |
| **United States Treasury Note/Bond, 08/15/2033** | 7.7% |
| **United States Treasury Note/Bond, 10/31/2030** | 7.6% |
| **United States Treasury Note/Bond, 08/15/2034** | 7.2% |
| **United States Treasury Note/Bond, 08/15/2045** | 5.6% |
| **United States Treasury Note/Bond, 05/15/2041** | 4.8% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $156259 |
| **Total Number of Portfolio Holdings** | 19 |
| **Portfolio Turnover Rate** | 18% |

---

**The United States Treasury Trust Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **The United States Treasury Trust**<br> **Investor Class Shares**<br> ticker: UTSXX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about The United States Treasury Trust for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| **The United States Treasury Trust, Investor Class** | $46 | 0.91% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qesx0tl1mo045so4.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **United States Treasury Bill, 03/05/2026** | 14.2% |
| **United States Treasury Bill, 04/23/2026** | 13.2% |
| **United States Treasury Bill, 05/07/2026** | 10.4% |
| **United States Treasury Bill, 04/02/2026** | 9.5% |
| **United States Treasury Bill, 04/09/2026** | 9.5% |
| **United States Treasury Bill, 05/21/2026** | 8.9% |
| **United States Treasury Bill, 06/18/2026** | 8.1% |
| **United States Treasury Bill, 03/24/2026** | 7.6% |
| **United States Treasury Bill, 06/11/2026** | 7.5% |
| **United States Treasury Bill, 03/19/2026** | 5.7% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $26258826 |
| **Total Number of Portfolio Holdings** | 11 |

---

**S&P 500 Index Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **S&P 500 Index Fund**<br> **Investor Class Shares**<br> ticker: SPFIX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the S&P 500 Index Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **S&P 500 Index Fund** | $22 | 0.44% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes13mgva1mok0vfuj.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **NVIDIA Corp** | 7.2% |
| **Apple Inc** | 6.5% |
| **Microsoft Corp** | 4.9% |
| **Amazon.com Inc** | 3.4% |
| **Alphabet Inc - Class A** | 3.0% |
| **Broadcom Inc** | 2.5% |
| **Alphabet Inc - Class C** | 2.4% |
| **Meta Platforms Inc** | 2.4% |
| **Tesla Inc** | 1.9% |
| **United States Treasury Bill** | 1.6% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $315120861 |
| **Total Number of Portfolio Holdings** | 504 |
| **Portfolio Turnover Rate** | 2% |

---

**S&P 500 Index Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **S&P 500 Index Fund**<br> **K Class Shares**<br> ticker: SPXKX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the S&P 500 Index Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **S&P 500 Index Fund** | $47 | 0.93% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes8qcrcf1mok0w7uh.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **NVIDIA Corp** | 7.2% |
| **Apple Inc** | 6.5% |
| **Microsoft Corp** | 4.9% |
| **Amazon.com Inc** | 3.4% |
| **Alphabet Inc - Class A** | 3.0% |
| **Broadcom Inc** | 2.5% |
| **Alphabet Inc - Class C** | 2.4% |
| **Meta Platforms Inc** | 2.4% |
| **Tesla Inc** | 1.9% |
| **United States Treasury Bill** | 1.6% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $1921518 |
| **Total Number of Portfolio Holdings** | 504 |
| **Portfolio Turnover Rate** | 2% |

---

**S&P MidCap Index Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **S&P MidCap Index Fund**<br> **Investor Class Shares**<br> ticker: SPMIX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the S&P MidCap Index Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **S&P MidCap Index Fund** | $34 | 0.67% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes8qcrcf1mok0x05t.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **Lumentum Holdings Inc** | 1.4% |
| **Coherent Corp** | 1.2% |
| **TechnipFMC PLC** | 0.8% |
| **Curtiss-Wright Corp** | 0.7% |
| **Casey's General Stores Inc** | 0.7% |
| **XPO Inc** | 0.7% |
| **Woodward Inc** | 0.7% |
| **Flex Ltd** | 0.7% |
| **ATI Inc** | 0.6% |
| **United Therapeutics Corp** | 0.6% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $113223728 |
| **Total Number of Portfolio Holdings** | 400 |
| **Portfolio Turnover Rate** | 10% |

---

**S&P MidCap Index Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **S&P MidCap Index Fund**<br> **K Class Shares**<br> ticker: MIDKX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the S&P MidCap Index Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **S&P MidCap Index Fund** | $59 | 1.17% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes13mgva1mok0xkma.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **Lumentum Holdings Inc** | 1.4% |
| **Coherent Corp** | 1.2% |
| **TechnipFMC PLC** | 0.8% |
| **Curtiss-Wright Corp** | 0.7% |
| **Casey's General Stores Inc** | 0.7% |
| **XPO Inc** | 0.7% |
| **Woodward Inc** | 0.7% |
| **Flex Ltd** | 0.7% |
| **ATI Inc** | 0.6% |
| **United Therapeutics Corp** | 0.6% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $467487 |
| **Total Number of Portfolio Holdings** | 400 |
| **Portfolio Turnover Rate** | 10% |

---

**Shelton Equity Income Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **Shelton Equity Income Fund**<br> **Investor Class Shares**<br> ticker: EQTIX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the Shelton Equity Income Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **Shelton Equity Income Fund** | $30 | 0.60% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes1lw51mo03rxdb.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **United States Treasury Bill** | 9.2% |
| **Shelton Equity Premium Income ETF** | 4.0% |
| **NVIDIA Corp** | 3.2% |
| **Alphabet Inc - Class A** | 2.6% |
| **Meta Platforms Inc** | 2.4% |
| **Broadcom Inc** | 2.2% |
| **Microsoft Corp** | 2.1% |
| **Arista Networks Inc** | 1.9% |
| **The Walt Disney Co** | 1.8% |
| **Apple Inc** | 1.7% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $1061724967 |
| **Total Number of Portfolio Holdings** | 266 |
| **Portfolio Turnover Rate** | 57% |

---

**Shelton Equity Income Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **Shelton Equity Income Fund**<br> **K Class Shares**<br> ticker: EQTKX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the Shelton Equity Income Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **Shelton Equity Income Fund** | $56 | 1.11% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes1lw51mo03sxxf.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **United States Treasury Bill** | 9.2% |
| **Shelton Equity Premium Income ETF** | 4.0% |
| **NVIDIA Corp** | 3.2% |
| **Alphabet Inc - Class A** | 2.6% |
| **Meta Platforms Inc** | 2.4% |
| **Broadcom Inc** | 2.2% |
| **Microsoft Corp** | 2.1% |
| **Arista Networks Inc** | 1.9% |
| **The Walt Disney Co** | 1.8% |
| **Apple Inc** | 1.7% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $109036 |
| **Total Number of Portfolio Holdings** | 266 |
| **Portfolio Turnover Rate** | 57% |

---

**S&P SmallCap Index Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **S&P SmallCap Index Fund**<br> **Investor Class Shares**<br> ticker: SMCIX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the S&P SmallCap Index Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **S&P SmallCap Index Fund** | $47 | 0.93% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes13mgva1mok0z477.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **United States Treasury Bill** | 0.9% |
| **Solstice Advanced Materials Inc** | 0.8% |
| **Moog Inc** | 0.6% |
| **InterDigital Inc** | 0.6% |
| **CareTrust REIT Inc** | 0.6% |
| **SiTime Corp** | 0.5% |
| **Eastman Chemical Co** | 0.5% |
| **LKQ Corp** | 0.5% |
| **Element Solutions Inc** | 0.5% |
| **Primoris Services Corp** | 0.5% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $53416199 |
| **Total Number of Portfolio Holdings** | 594 |
| **Portfolio Turnover Rate** | 13% |

---

**S&P SmallCap Index Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **S&P SmallCap Index Fund**<br> **K Class Shares**<br> ticker: SMLKX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the S&P SmallCap Index Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **S&P SmallCap Index Fund** | $72 | 1.43% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes8qcrcf1mok0zuc0.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **United States Treasury Bill** | 0.9% |
| **Solstice Advanced Materials Inc** | 0.8% |
| **Moog Inc** | 0.6% |
| **InterDigital Inc** | 0.6% |
| **CareTrust REIT Inc** | 0.6% |
| **SiTime Corp** | 0.5% |
| **Eastman Chemical Co** | 0.5% |
| **LKQ Corp** | 0.5% |
| **Element Solutions Inc** | 0.5% |
| **Primoris Services Corp** | 0.5% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $475790 |
| **Total Number of Portfolio Holdings** | 594 |
| **Portfolio Turnover Rate** | 13% |

---

**Nasdaq-100 Index Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **Nasdaq-100 Index Fund**<br> **Investor Class Shares**<br> ticker: NASDX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the Nasdaq-100 Index Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **Nasdaq-100 Index Fund** | $26 | 0.52% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes13mgva1mok0trnx.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **NVIDIA Corp** | 8.3% |
| **Apple Inc** | 7.5% |
| **Microsoft Corp** | 5.6% |
| **Amazon.com Inc** | 4.3% |
| **Tesla Inc** | 3.9% |
| **Meta Platforms Inc** | 3.7% |
| **Alphabet Inc - Class A** | 3.5% |
| **Walmart Inc** | 3.3% |
| **Alphabet Inc - Class C** | 3.3% |
| **Broadcom Inc** | 2.9% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $1872183288 |
| **Total Number of Portfolio Holdings** | 103 |
| **Portfolio Turnover Rate** | 10% |

---

**Nasdaq-100 Index Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **Nasdaq-100 Index Fund**<br> **K Class Shares**<br> ticker: NDXKX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the Nasdaq-100 Index Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **Nasdaq-100 Index Fund** | $39 | 0.77% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes13mgva1mok0urcp.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **NVIDIA Corp** | 8.3% |
| **Apple Inc** | 7.5% |
| **Microsoft Corp** | 5.6% |
| **Amazon.com Inc** | 4.3% |
| **Tesla Inc** | 3.9% |
| **Meta Platforms Inc** | 3.7% |
| **Alphabet Inc - Class A** | 3.5% |
| **Walmart Inc** | 3.3% |
| **Alphabet Inc - Class C** | 3.3% |
| **Broadcom Inc** | 2.9% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $41249340 |
| **Total Number of Portfolio Holdings** | 103 |
| **Portfolio Turnover Rate** | 10% |

---

**Nasdaq-100 Index Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **Nasdaq-100 Index Fund**<br> **Institutional Class Shares**<br> ticker: NQQQX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the Nasdaq-100 Index Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **Nasdaq-100 Index Fund** | $13 | 0.26% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes8qcrcf1mok0sy1y.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **NVIDIA Corp** | 8.3% |
| **Apple Inc** | 7.5% |
| **Microsoft Corp** | 5.6% |
| **Amazon.com Inc** | 4.3% |
| **Tesla Inc** | 3.9% |
| **Meta Platforms Inc** | 3.7% |
| **Alphabet Inc - Class A** | 3.5% |
| **Walmart Inc** | 3.3% |
| **Alphabet Inc - Class C** | 3.3% |
| **Broadcom Inc** | 2.9% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $91387652 |
| **Total Number of Portfolio Holdings** | 103 |
| **Portfolio Turnover Rate** | 10% |

---

**Shelton Sustainable Equity Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **Shelton Sustainable Equity Fund**<br> **Investor Class Shares**<br> ticker: NEXTX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the Shelton Sustainable Equity Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **Fund** | $68 | 1.35% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes8qcrcf1mok12t1n.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **Bunge Global SA** | 5.0% |
| **Deere & Co** | 4.8% |
| **Gaztransport Et Technigaz SA** | 4.7% |
| **Schneider Electric SE** | 4.5% |
| **HA Sustainable Infrastructure Capital Inc** | 4.3% |
| **Teledyne Technologies Inc** | 4.2% |
| **Siemens AG** | 4.0% |
| **CF Industries Holdings Inc** | 4.0% |
| **Aramark** | 3.8% |
| **Ormat Technologies Inc** | 3.7% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $63742940 |
| **Total Number of Portfolio Holdings** | 45 |
| **Portfolio Turnover Rate** | 1% |

---

**Shelton Sustainable Equity Fund Tailored Shareholder Report**

---

| | |
|:---|:---|
| **semi-annual Shareholder Report February 28, 2026**<br> **Shelton Sustainable Equity Fund**<br> **Institutional Class Shares**<br> ticker: NEXIX<br>| ![Shelton logo](d7qy2epism0e00ml3.jpg) |

---

This semi-annual shareholder report contains important information about the Shelton Sustainable Equity Fund for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at www.sheltonfunds.com/forms-literature/. You can also request this information by calling (800) 955-9988 or by sending an e-mail to info@sheltoncap.com.

**What were the Fund costs for the last six months?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| **Fund** | $56 | 1.11% |

---

**What did the Fund invest in?**

(% of Investments as of February 28, 2026)

**Sector Breakdown**

![bar](qes8qcrcf1mok123cj.jpg)

---

| | |
|:---|:---|
| **Top Ten Holdings** | **Percentage of Total Investments** |
| **Bunge Global SA** | 5.0% |
| **Deere & Co** | 4.8% |
| **Gaztransport Et Technigaz SA** | 4.7% |
| **Schneider Electric SE** | 4.5% |
| **HA Sustainable Infrastructure Capital Inc** | 4.3% |
| **Teledyne Technologies Inc** | 4.2% |
| **Siemens AG** | 4.0% |
| **CF Industries Holdings Inc** | 4.0% |
| **Aramark** | 3.8% |
| **Ormat Technologies Inc** | 3.7% |

---

**For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, www.sheltonfunds.com/forms-literature/.**

**Key Fund Statistics**

(as of February 28, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $9063686 |
| **Total Number of Portfolio Holdings** | 45 |
| **Portfolio Turnover Rate** | 1% |

---

(b) Not applicable.

**Item 2. Code of Ethics.**

Not applicable to this Report.

**Item 3. Audit Committee Financial Expert.**

Not applicable to this Report.

**Item 4. Principal Accountant Fees and Services.**

Not applicable to this Report.

**Item 5. Audit Committee of Listed Registrants.**

Not applicable to the Registrant.

**Item 6. Investments.**

(a) The Schedule of Investments is included in the financial statements filed under Item 7 of this Report.

(b) Not applicable to the Registrant.

**Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.**

![](shelton-fs_022826img001.jpg)

**Semi-Annual Financial Statements and Additional Information**

------

February 28, 2026

Green California Tax-Free Income Fund

U.S. Government Securities Fund

The United States Treasury Trust

S&P 500 Index Fund

S&P MidCap Index Fund

S&P SmallCap Index Fund

Shelton Equity Income Fund

Nasdaq-100 Index Fund

Shelton Sustainable Equity Fund

---

| | |
|:---|:---|
| **Table of Contents** | **February** **28, 2026** |

---

---

| | |
|:---|:---|
| [Portfolio of Investments](#shelton-fs_022826a2) | 2 |
| [Statements of Assets & Liabilities](#shelton-fs_022826a3) | 23 |
| [Statements of Operations](#shelton-fs_022826a4) | 25 |
| [Statements of Changes in Net Assets](#shelton-fs_022826a5) | 27 |
| [Financial Highlights](#shelton-fs_022826a6) | 32 |
| [Notes to Financial Statements](#shelton-fs_022826a7) | 41 |
| [Additional Information](#shelton-fs_022826a8) | 49 |

---

**See accompanying notes to financial statements.**

**Green California Tax-Free Income Fund** **Portfolio of Investments (Unaudited) 2/28/26**<br>

---

| | | |
|:---|:---|:---|
| **Security Description** | **Par Value**  | **Value**  |
| **Municipal Bonds (90.85%)** |  |  |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; California Educational Facilities Authority, 5.000%, 04/01/2051  | $2000000<br>| $2302211<br>|
| CALIFORNIA HOUSING FINANCE AGENCY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; California Housing Finance Agency, 4.000%, 03/20/2033  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318816  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 331934  |
| &nbsp;&nbsp;&nbsp;&nbsp; California Housing Finance Agency, 4.950%, 08/01/2050  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1027814  |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, 5.000%, 10/01/2033  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1202730  |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority, 5.000%, 10/01/2044  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501643  |
| CALIFORNIA STATE PUBLIC WORKS BOARD |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; California State Public Works Board, 4.000%, 05/01/2036  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 581645  |
| CHAFFEY COMMUNITY COLLEGE DISTRICT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chaffey Community College District, 5.500%, 06/01/2049  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 557019  |
| CITY OF LOS ANGELES CA WASTEWATER SYSTEM REVENUE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles CA Wastewater System Revenue, 5.250%, 06/01/2047  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1526492  |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles Department of Airports, 5.000%, 05/15/2048  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1084377  |
| &nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles Department of Airports, 5.250%, 05/15/2051  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 544751  |
| DESERT COMMUNITY COLLEGE DISTRICT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Desert Community College District, 4.000%, 08/01/2051  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 729403  |
| EAST BAY MUNICIPAL UTILITY DISTRICT WATER SYSTEM REVENUE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; East Bay Municipal Utility District Water System Revenue, 5.000%, 06/01/2050  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1082904  |
| &nbsp;&nbsp;&nbsp;&nbsp; East Bay Municipal Utility District Water System Revenue, 5.000%, 06/01/2055  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1072334  |
| LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue, 4.000%, 07/01/2028  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500415  |
| LOS ANGELES UNIFIED SCHOOL DISTRICT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Los Angeles Unified School District, 4.000%, 07/01/2049  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 987863  |
| &nbsp;&nbsp;&nbsp;&nbsp; Los Angeles Unified School District, 5.000%, 07/01/2045  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 830641  |
| MILPITAS UNIFIED SCHOOL DISTRICT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Milpitas Unified School District, 3.000%, 08/01/2034  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 763596  |
| MT SAN ANTONIO COMMUNITY COLLEGE DISTRICT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mt San Antonio Community College District, 5.000%, 08/01/2046  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 555133  |
| PENINSULA CORRIDOR JOINT POWERS BOARD MEASURE RR SALES TAX REVENUE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Peninsula Corridor Joint Powers Board Measure RR Sales Tax Revenue, 5.000%, 06/01/2036  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227824  |
| SACRAMENTO MUNICIPAL UTILITY DISTRICT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Sacramento Municipal Utility District, 5.000%, 11/15/2054  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600488  |
| SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; San Diego County Regional Transportation Commission, 5.000%, 04/01/2037  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590139  |
| SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; San Diego Public Facilities Financing Authority, 5.000%, 05/15/2052  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000  | 1575318 |
| SAN DIEGO UNIFIED SCHOOL DISTRICT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; San Diego Unified School District, 4.000%, 07/01/2053  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 964973  |
| &nbsp;&nbsp;&nbsp;&nbsp; San Diego Unified School District, 4.000%, 07/01/2054  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250836  |
| &nbsp;&nbsp;&nbsp;&nbsp; San Francisco Bay Area Rapid Transit District, 3.000%, 08/01/2050  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 472145  |
| &nbsp;&nbsp;&nbsp;&nbsp; San Francisco Bay Area Rapid Transit District, 5.000%, 08/01/2036  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1351374  |

---

**See accompanying notes to financial statements.**

**Green California Tax-Free Income Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

---

| | | |
|:---|:---|:---|
| **Security Description** | **Par Value**  | **Value**  |
| SAN FRANCISCO CITY & COUNTY PUBLIC UTILITIES COMMISSION POWER REVENUE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; San Francisco City & County Public Utilities Commission Power Revenue, 5.000%, 11/01/2036  | $170000<br>| $170424<br>|
| SAN FRANCISCO CITY & COUNTY PUBLIC UTILITIES COMMISSION WASTEWATER REVENUE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; San Francisco City & County Public Utilities Commission Wastewater Revenue, 4.000%, 10/01/2048  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 958976  |
| &nbsp;&nbsp;&nbsp;&nbsp; San Francisco City & County Public Utilities Commission Wastewater Revenue, 5.000%, 10/01/2049  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1081439  |
| SAN JOSE FINANCING AUTHORITY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; San Jose Financing Authority, 5.000%, 11/01/2052  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1588448  |
| SAN MATEO FOSTER CITY PUBLIC FINANCING AUTHORITY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; San Mateo Foster City Public Financing Authority, 4.000%, 08/01/2044  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1503976  |
| STATE OF CALIFORNIA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State of California, 3.000%, 10/01/2028  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850344  |
| &nbsp;&nbsp;&nbsp;&nbsp; State of California, 5.250%, 10/01/2045  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 554770  |
| TURLOCK IRRIGATION DISTRICT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Turlock Irrigation District, 5.000%, 01/01/2036  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330126  |
| **Total Municipal Bonds (Cost $30,613,133)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30254505  |
| **Variable Rate Demand Notes\* (7.85%)** |  |  |
| Regents of the University of California Medical Center Pooled Revenue, 2.000%, 05/15/2047\*<sup>,</sup>\*\*<sup>,</sup>\*\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1560000  | 1560000 |
| San Mateo County Transit District Sales Tax Revenue, 1.850%, 06/01/2049\*<sup>,</sup>\*\*<sup>,</sup>\*\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000  | 400000 |
| University of California, 2.000%, 05/15/2048\*<sup>,</sup>\*\*<sup>,</sup>\*\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 655000  | 655000 |
| **Total Variable Rate Demand Notes (Cost $2,615,776)** |  | 2615000 |
| **Total Investments (Cost $33,228,909) (98.70%)** |  | $32869505<br>|
| **Other Net Assets (1.30%)** |  | 433040 |
| **Net Assets (100.00%)** |  | $33302545<br>|

---

\*Stated maturity reflects next reset date.

\*\*In accordance with the offering documents, daily interest rates are determined by the Remarketing Agents.

\*\*\*Rate Effective as of February 28, 2026

**U.S. Government Securities Fund** **Portfolio of Investments (Unaudited) 2/28/26**<br>

---

| | | |
|:---|:---|:---|
| **Security Description** | **Par Value**  | **Value**  |
| **Government National Mortgage Association (1.65%)** |  |  |
| 3.500%, 11/20/2044  | $75192<br>| $72541<br>|
| 5.000%, 03/15/2038  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64992  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66846  |
| 5.500%, 04/15/2036  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35256  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36204  |
| 6.000%, 06/15/2038  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8291  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8637  |
| **Total Government National Mortgage Association (Cost $185,570)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184228  |
| **United States Treasury Bonds (35.50%)** |  |  |
| 2.000%, 11/15/2041  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1443125  |
| 2.250%, 05/15/2041  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531781  |
| 2.750%, 02/15/2028  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148207  |
| 2.875%, 08/15/2045  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 621906  |
| 4.500%, 11/15/2054  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1221191  |
| **Total United States Treasury Bonds (Cost $4,147,570)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3966210  |
| **United States Treasury Notes (61.12%)** |  |  |
| 0.625%, 03/31/2027  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 921352  |
| 2.375%, 04/30/2026  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224508  |
| 3.500%, 09/30/2029  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1450000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1453115  |
| 3.500%, 11/30/2030  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299836  |
| 3.875%, 03/15/2028  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201906  |
| 3.875%, 08/15/2033  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850000  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 856176  |

---

**See accompanying notes to financial statements.**

**U.S. Government Securities Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

---

| | | |
|:---|:---|:---|
| **Security Description** | **Par Value**  | **Value**  |
| 3.875%, 08/15/2034  | $800000<br>| $801188<br>|
| 4.000%, 04/30/2032  | 1200000 | 1223016 |
| 4.875%, 10/31/2030  | 800000 | 846625 |
| **Total United States Treasury Notes (Cost $6,724,846)** |  | 6827722 |
| **United States Treasury Bills (0.89%)** |  |  |
| 0.000%, 06/11/26 (Cost $98,990) | 100000 | 99000 |
| **Total Investments (Cost $11,156,976) (99.16%)** |  | $11077160<br>|
| **Other Net Assets (0.84%)** |  | 93710 |
| **Net Assets (100.00%)** |  | $11170870<br>|

---

**The United States Treasury Trust** **Portfolio of Investments (Unaudited) 2/28/26**<br>

---

| | | |
|:---|:---|:---|
| **Security Description** | **Par Value**  | **Value**  |
| **United States Treasury Bills, DN<sup>(a)</sup>** **(100.25%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 03/05/2026  | $3750000<br>| $3748465<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 03/12/2026  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1450000  | 1448354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 03/19/2026  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000  | 1497311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 03/24/2026  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000  | 1995364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 04/02/2026  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000  | 2492199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 04/09/2026  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000  | 2490449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 04/23/2026  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000  | 3481669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 05/07/2026  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2750000  | 2731782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 05/21/2026  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2350000  | 2331141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 06/11/2026  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000  | 1979796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 06/18/2026  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2150000  | 2126687 |
| **Total United States Treasury Bills, DN(Cost $26,323,217)** |  | 26323217 |
| **Total Investments (Cost $26,323,217) (100.25%)** |  | $26323217<br>|
| **Liabilities in Excess of Other Assets (-0.25%)** |  | (64391) |
| **Net Assets (100.00%)** |  | $26258826<br>|

---

(a)Discount Note. Yield to maturity is between 2.75%-3.62%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S&P 500 Index Fund** **Portfolio of Investments (Unaudited) 2/28/26**<br>

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| **Common Stock (98.36%)** |  |  |
| **Basic Materials (1.63%)** |  |  |
| Air Products and Chemicals Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1178  | $324739<br>|
| Albemarle Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650  | 116136 |
| CF Industries Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 889  | 88491 |
| Dow Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3918  | 120400 |
| DuPont de Nemours Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2313  | 115743 |
| Ecolab Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1384  | 426756 |
| Freeport-McMoRan Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7606  | 517816 |
| International Flavors & Fragrances Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1414  | 116273 |
| International Paper Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2047  | 89147 |
| Linde PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2473  | 1256482 |
| LyondellBasell Industries NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1434  | 82484 |
| The Mosaic Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1777  | 49472 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Newmont Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5780  | $751400<br>|
| Nucor Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250  | 221100 |
| PPG Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1246  | 153594 |
| Qnity Electronics Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1156  | 146535 |
| The Sherwin-Williams Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1221  | 442722 |
| Steel Dynamics Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 727  | 140406 |
| **Total Basic Materials** |  | 5159696 |
| **Communications (16.08%)** | **Communications (16.08%)** |  |
| Airbnb Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1197  | 161727 |
| Alphabet Inc - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30820  | 9608443 |
| Alphabet Inc - Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24633  | 7671455 |
| Amazon.com Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51534  | 10822140 |
| AppLovin Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1460  | 634764 |
| Arista Networks Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5470  | 730245 |
| AT&T Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37556  | 1051944 |
| Booking Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170  | 720690 |
| CDW Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 745  | 91367 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Charter Communications Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 466  | $109338<br>|
| Ciena Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 738  | 257341 |
| Cisco Systems Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20875  | 1658728 |
| Comcast Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19253  | 596073 |
| Corning Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4177  | 628137 |
| DoorDash Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2011  | 354881 |
| eBay Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2531  | 229967 |
| Expedia Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 659  | 142140 |
| F5 Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325  | 88192 |
| FactSet Research Systems Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214  | 46397 |
| Fox Corp - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250  | 70425 |
| Fox Corp - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 739  | 38228 |
| Gen Digital Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3034  | 68477 |
| GoDaddy Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 793  | 69118 |
| Match Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1419  | 44840 |
| Meta Platforms Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11537  | 7478053 |
| Motorola Solutions Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 904  | 435963 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S&P 500 Index Fund** **Portfolio of Investments (Continued) 2/28/26**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S&P 500 Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Netflix Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22447  | $2160299<br>|
| News Corp - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2235  | 54288 |
| News Corp - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 632  | 16925 |
| Omnicom Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1091  | 93051 |
| Palo Alto Networks Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3588  | 534325 |
| Paramount Skydance Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1680  | 22697 |
| Robinhood Markets Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4150  | 314778 |
| T-Mobile US Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2584  | 560961 |
| Uber Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11007  | 830148 |
| VeriSign Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450  | 102573 |
| Verizon Communications Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22336  | 1119927 |
| The Walt Disney Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9457  | 1002820 |
| Warner Bros Discovery Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12604  | 355055 |
| **Total Communications** |  | 50976920 |
| **Consumer, Cyclical (8.32%)** | **Consumer, Cyclical (8.32%)** |  |
| Aptiv PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1195  | 87880 |
| AutoZone Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91  | 341758 |
| Best Buy Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1135  | 70336 |
| Carnival Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5174  | 163240 |
| Carvana Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 726  | 242600 |
| Chipotle Mexican Grill Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7004  | 260689 |
| Copart Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4851  | 184775 |
| Costco Wholesale Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2347  | 2372324 |
| Cummins Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 746  | 435567 |
| Darden Restaurants Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 648  | 138575 |
| Deckers Outdoor Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850  | 99680 |
| Delta Air Lines Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3436  | 225745 |
| Dollar General Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1222  | 190925 |
| Dollar Tree Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1070  | 135334 |
| Domino's Pizza Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191  | 76879 |
| DR Horton Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1518  | 243472 |
| Fastenal Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6344  | 292078 |
| Ford Motor Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10769  | 151735 |
| General Motors Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4941  | 388906 |
| Genuine Parts Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 769  | 91711 |
| Hasbro Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 771  | 76784 |
| Hilton Worldwide Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1231  | 383801 |
| The Home Depot Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5273  | 2007537 |
| Las Vegas Sands Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1611  | 91376 |
| Lennar Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1142  | 130599 |
| Live Nation Entertainment Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 839  | 136035 |
| Lowe's Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2970  | 785773 |
| Lululemon Athletica Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 632  | 117027 |
| Marriott International Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1179  | 402900 |
| McDonald's Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3772  | 1286478 |
| MGM Resorts International\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1279  | 47144 |
| NIKE Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6384  | 396957 |
| Norwegian Cruise Line Holdings Ltd\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2490  | 61727 |
| NVR Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16  | 120285 |
| O'Reilly Automotive Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4471  | 419737 |
| PACCAR Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2782  | 350782 |
| Pool Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212  | 48162 |
| PulteGroup Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1032  | 141590 |
| Ralph Lauren Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230  | 83398 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Ross Stores Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1722  | $354112<br>|
| Royal Caribbean Cruises Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1341  | 416997 |
| Southwest Airlines Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2739  | 134923 |
| Starbucks Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6022  | 590276 |
| Tapestry Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1150  | 178791 |
| Target Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2407  | 273893 |
| Tesla Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14885  | 5991361 |
| The TJX Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5895  | 952986 |
| Tractor Supply Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2873  | 148936 |
| Ulta Beauty Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247  | 169143 |
| United Airlines Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1732  | 184112 |
| Walmart Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23229  | 2972151 |
| Williams-Sonoma Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 645  | 132644 |
| WW Grainger Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236  | 270156 |
| Wynn Resorts Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 526  | 56908 |
| Yum! Brands Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1544  | 259639 |
| **Total Consumer, Cyclical** | **Total Consumer, Cyclical** | 26369329 |
| **Consumer, Non-Cyclical (14.46%)** | **Consumer, Non-Cyclical (14.46%)** | **Consumer, Non-Cyclical (14.46%)** |
| Abbott Laboratories | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9211  | 1071700 |
| AbbVie Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9362  | 2172733 |
| Agilent Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1578  | 191538 |
| Align Technology Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388  | 73759 |
| Altria Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8892  | 613904 |
| Amgen Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2852  | 1107032 |
| Archer-Daniels-Midland Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2702  | 186546 |
| Automatic Data Processing Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2199  | 471378 |
| Avery Dennison Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 463  | 90910 |
| Baxter International Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2886  | 58788 |
| Becton Dickinson & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1518  | 267897 |
| Biogen Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 815  | 156333 |
| Bio-Techne Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 889  | 52451 |
| Block Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1505  | 95869 |
| Boston Scientific Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7853  | 603503 |
| Bristol-Myers Squibb Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10784  | 672598 |
| Brown-Forman Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1007  | 29062 |
| Bunge Global SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 781  | 94228 |
| The Campbell's Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1162  | 31316 |
| Cardinal Health Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1258  | 288371 |
| Cencora Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 952  | 354277 |
| Centene Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2743  | 123106 |
| Charles River Laboratories International Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286  | 51048 |
| Church & Dwight Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1371  | 143763 |
| The Cigna Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1415  | 410095 |
| Cintas Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1860  | 374102 |
| The Clorox Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 681  | 86596 |
| The Coca-Cola Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20508  | 1672632 |
| Colgate-Palmolive Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4392  | 435423 |
| Conagra Brands Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2697  | 51917 |
| Constellation Brands Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 746  | 117764 |
| The Cooper Cos Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1104  | 92372 |
| Corpay Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 392  | 127439 |
| Corteva Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3579  | 286749 |
| CVS Health Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6724  | 537248 |
| Danaher Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3330  | 701431 |
| DaVita Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254  | 39700 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Dexcom Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2186  | $160518<br>|
| Edwards Lifesciences Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3179  | 274888 |
| Elevance Health Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1177  | 376640 |
| Eli Lilly & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4206  | 4424670 |
| Equifax Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 693  | 144809 |
| The Estee Lauder Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1319  | 144391 |
| GE HealthCare Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2413  | 203344 |
| General Mills Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2825  | 127775 |
| Gilead Sciences Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6572  | 978899 |
| Global Payments Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1321  | 101004 |
| HCA Healthcare Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 846  | 448126 |
| Henry Schein Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530  | 43667 |
| The Hershey Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 826  | 195167 |
| Hologic Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1313  | 98948 |
| Hormel Foods Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1626  | 41626 |
| Humana Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 667  | 127090 |
| IDEXX Laboratories Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435  | 285678 |
| Incyte Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 937  | 94890 |
| Insulet Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 396  | 97658 |
| Intuitive Surgical Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1877  | 945088 |
| IQVIA Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925  | 165399 |
| The J M Smucker Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588  | 68179 |
| Johnson & Johnson | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12763  | 3170712 |
| Kenvue Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10198  | 194986 |
| Keurig Dr Pepper Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6378  | 193126 |
| Kimberly-Clark Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1843  | 205384 |
| The Kraft Heinz Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4826  | 118768 |
| The Kroger Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3363  | 229491 |
| Labcorp Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468  | 135308 |
| Lamb Weston Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 806  | 38841 |
| McCormick & Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1450  | 103008 |
| McKesson Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653  | 644753 |
| Medtronic PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6794  | 663502 |
| Merck & Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13148  | 1627985 |
| Moderna Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1873  | 100337 |
| Molina Healthcare Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320  | 49296 |
| Molson Coors Beverage Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 992  | 48598 |
| Mondelez International Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7017  | 432107 |
| Monster Beverage Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3919  | 334291 |
| Moody's Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 838  | 400220 |
| PayPal Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4956  | 229017 |
| PepsiCo Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7243  | 1229427 |
| Pfizer Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30491  | 843076 |
| Philip Morris International Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8246  | 1540600 |
| The Procter & Gamble Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12378  | 2069599 |
| Quanta Services Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 789  | 444270 |
| Quest Diagnostics Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 624  | 132232 |
| Regeneron Pharmaceuticals Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 533  | 416630 |
| ResMed Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 794  | 203470 |
| Revvity Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 687  | 67539 |
| Rollins Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1591  | 96876 |
| S&P Global Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1642  | 725567 |
| Solventum Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 817  | 60621 |
| STERIS PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 557  | 140559 |
| Stryker Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1823  | 706340 |
| Sysco Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2627  | 239477 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S&P 500 Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Nasdaq Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2240  | $196179<br>|
| Northern Trust Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1054  | 150817 |
| The PNC Financial Services Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2077  | 441051 |
| Principal Financial Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1189  | 113454 |
| The Progressive Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3106  | 663628 |
| Prologis Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4920  | 701444 |
| Prudential Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1958  | 192628 |
| Public Storage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 836  | 256702 |
| Raymond James Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 984  | 150631 |
| Realty Income Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4873  | 326491 |
| Regency Centers Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 940  | 74260 |
| Regions Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4645  | 129270 |
| SBA Communications Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 594  | 119489 |
| Simon Property Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1662  | 338799 |
| State Street Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1479  | 190229 |
| Synchrony Financial | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1907  | 131793 |
| T Rowe Price Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1243  | 117625 |
| The Travelers Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1181  | 364504 |
| Truist Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6776  | 334125 |
| UDR Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1665  | 62438 |
| US Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8443  | 461494 |
| Ventas Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2377  | 204802 |
| VICI Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2950  | 89120 |
| Visa Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8940  | 2862052 |
| W R Berkley Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1684  | 120743 |
| Wells Fargo & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16629  | 1354432 |
| Welltower Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3278  | 678939 |
| Weyerhaeuser Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4066  | 99739 |
| Willis Towers Watson PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 507  | 154721 |
| **Total Financial** |  | 42342162 |
| **Industrial (8.64%)** |  |  |
| 3M Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2814  | 465210 |
| A O Smith Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653  | 50934 |
| Allegion plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501  | 80736 |
| Amcor PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1663  | 80539 |
| AMETEK Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1219  | 291609 |
| Amphenol Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6555  | 957423 |
| Axon Enterprise Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405  | 219672 |
| Ball Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1523  | 102239 |
| The Boeing Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4086  | 929688 |
| Builders FirstSource Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606  | 63200 |
| Carrier Global Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4377  | 281879 |
| Caterpillar Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2479  | 1841476 |
| CH Robinson Worldwide Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690  | 127823 |
| Comfort Systems USA Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193  | 275868 |
| CRH PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3499  | 419810 |
| CSX Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9864  | 421094 |
| Deere & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1331  | 838144 |
| Dover Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 775  | 174763 |
| Eaton Corp PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2057  | 773267 |
| EMCOR Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237  | 171735 |
| Emerson Electric Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3048  | 459486 |
| Expeditors International of<br> Washington Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 783  | 113558 |
| FedEx Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1149  | 444663 |
| Fortive Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1682  | 99574 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| AvalonBay Communities Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 786  | $139303<br>|
| Bank of America Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35512  | 1769563 |
| The Bank of New York Mellon Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3694  | 439955 |
| Berkshire Hathaway Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9714  | 4905084 |
| Blackrock Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 764  | 812308 |
| Blackstone Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3952  | 448038 |
| Brown & Brown Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1313  | 94300 |
| BXP Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 814  | 46870 |
| Camden Property Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 597  | 64679 |
| Capital One Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3367  | 658720 |
| Cboe Global Markets Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585  | 175336 |
| CBRE Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1552  | 229168 |
| The Charles Schwab Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8439  | 803393 |
| Chubb Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1938  | 660587 |
| Cincinnati Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 874  | 143319 |
| Citigroup Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9478  | 1044381 |
| Citizens Financial Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2275  | 136932 |
| CME Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1910  | 610245 |
| Coinbase Global Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1160  | 203986 |
| CoStar Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2358  | 105238 |
| Crown Castle Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2404  | 215254 |
| Digital Realty Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1745  | 309214 |
| Equinix Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520  | 506615 |
| Equity Residential | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1910  | 120731 |
| Erie Indemnity Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143  | 38530 |
| Essex Property Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359  | 91584 |
| Everest Group Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249  | 83537 |
| Extra Space Storage Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200  | 181236 |
| Federal Realty Investment Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449  | 48838 |
| Fifth Third Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3790  | 187491 |
| Franklin Resources Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1715  | 45516 |
| Globe Life Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 464  | 67401 |
| The Goldman Sachs Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1588  | 1364997 |
| The Hartford Insurance Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1559  | 219554 |
| Healthpeak Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3987  | 70490 |
| Host Hotels & Resorts Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3951  | 77400 |
| Huntington Bancshares Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8228  | 138230 |
| Interactive Brokers Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2359  | 167937 |
| Intercontinental Exchange Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3020  | 495673 |
| Invesco Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2486  | 65282 |
| Invitation Homes Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3188  | 83972 |
| Iron Mountain Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1661  | 179936 |
| JPMorgan Chase & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14421  | 4330626 |
| KeyCorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5341  | 110772 |
| Kimco Realty Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3818  | 89914 |
| KKR & Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3668  | 321610 |
| Loews Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011  | 111230 |
| M&T Bank Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 814  | 176622 |
| Marsh & McLennan Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2595  | 484590 |
| Mastercard Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4343  | 2246243 |
| MetLife Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2931  | 211237 |
| Mid-America Apartment<br> Communities Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660  | 88348 |
| Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6398  | 1065331 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Thermo Fisher Scientific Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1990  | $1037009<br>|
| Tyson Foods Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1599  | 103919 |
| United Rentals Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 337  | 283080 |
| UnitedHealth Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4798  | 1407109 |
| Universal Health Services Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 324  | 66776 |
| Verisk Analytics Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 781  | 162112 |
| Vertex Pharmaceuticals Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1344  | 667740 |
| Viatris Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6761  | 100942 |
| Waters Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 546  | 174503 |
| West Pharmaceutical Services Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409  | 104025 |
| Zimmer Biomet Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1125  | 110745 |
| Zoetis Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2412  | 316213 |
| **Total Consumer, Non-Cyclical** | **Total Consumer, Non-Cyclical** | 45854218 |
| **Energy (3.46%)** |  |  |
| APA Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1815  | 55122 |
| Baker Hughes Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5227  | 341114 |
| Chevron Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10026  | 1872456 |
| ConocoPhillips | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6546  | 742709 |
| Coterra Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4122  | 126092 |
| Devon Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3323  | 144650 |
| Diamondback Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1031  | 179476 |
| EOG Resources Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2874  | 356606 |
| EQT Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3365  | 206678 |
| Expand Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1168  | 126051 |
| Exxon Mobil Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22340  | 3406850 |
| First Solar Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610  | 120292 |
| Halliburton Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4458  | 160488 |
| Kinder Morgan Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10696  | 355856 |
| Marathon Petroleum Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1592  | 315550 |
| Occidental Petroleum Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3819  | 202713 |
| ONEOK Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3308  | 273803 |
| Phillips 66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2208  | 340761 |
| SLB Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7468  | 383407 |
| Targa Resources Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1137  | 268105 |
| Texas Pacific Land Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318  | 166724 |
| Valero Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1615  | 330494 |
| The Williams Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6469  | 483364 |
| **Total Energy** |  | 10959361 |
| **Financial (13.35%)** |  |  |
| Aflac Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2498  | 282099 |
| Alexandria Real Estate Equities Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 870  | 47015 |
| The Allstate Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1386  | 297325 |
| American Express Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2846  | 879129 |
| American International Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2858  | 230040 |
| American Tower Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2479  | 475621 |
| Ameriprise Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 516  | 242582 |
| Aon PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1170  | 392500 |
| Apollo Global Management Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2488  | 260245 |
| Arch Capital Group Ltd\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1912  | 191487 |
| Ares Management Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1091  | 122203 |
| Arthur J Gallagher & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1256  | 286619 |
| Assurant Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289  | 66352 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S&P 500 Index Fund** **Portfolio of Investments (Continued) 2/28/26**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S&P 500 Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| **Technology (29.92%)** |  |  |
| Accenture PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3285  | $685645<br>|
| Adobe Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2217  | 581763 |
| Advanced Micro Devices Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8624  | 1726611 |
| Akamai Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 831  | 81762 |
| Analog Devices Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2606  | 927189 |
| Apple Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78277  | 20679218 |
| Applied Materials Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4220  | 1571106 |
| Autodesk Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1159  | 284963 |
| Broadcom Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25016  | 7993863 |
| Broadridge Financial Solutions Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660  | 122674 |
| Cadence Design Systems Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1479  | 445771 |
| Cognizant Technology Solutions Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2736  | 176280 |
| Crowdstrike Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1336  | 496965 |
| Datadog Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 865  | 96845 |
| Dell Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1655  | 245072 |
| Electronic Arts Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1189  | 238478 |
| EPAM Systems Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320  | 45120 |
| Fair Isaac Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125  | 176170 |
| Fidelity National Information<br> Services Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2930  | 149313 |
| Fiserv Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3044  | 189611 |
| Fortinet Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3348  | 264592 |
| Gartner Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421  | 66181 |
| Hewlett Packard <br>Enterprise Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7267  | 156022 |
| HP Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5146  | 97723 |
| Intel Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23779  | 1084560 |
| International Business Machines Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4951  | 1189280 |
| Intuit Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1476  | 603728 |
| Jack Henry & Associates Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 412  | 66934 |
| KLA Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 696  | 1061087 |
| Lam Research Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6653  | 1556070 |
| Leidos Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 697  | 122045 |
| Microchip Technology Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2975  | 222054 |
| Micron Technology Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5946  | 2451952 |
| Microsoft Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39372  | 15462959 |
| Monolithic Power Systems Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253  | 289113 |
| MSCI Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398  | 227588 |
| NetApp Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1157  | 114578 |
| NVIDIA Corp | 128728 | 22809314 |
| NXP Semiconductors NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1333  | 302604 |
| ON Semiconductor Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2131  | 141669 |
| Oracle Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8814  | 1281556 |
| Palantir Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12101  | 1660136 |
| Paychex Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1773  | 166041 |
| Paycom Software Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272  | 34226 |
| PTC Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 681  | 106638 |
| QUALCOMM Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5673  | 807608 |
| Roper Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 593  | 207390 |
| Salesforce Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5043  | 982326 |
| Sandisk Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749  | 475885 |
| Seagate Technology Holdings PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1151  | 469424 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| ServiceNow Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5605  | $605396<br>|
| Skyworks Solutions Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 824  | 49094 |
| Super Micro Computer Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2880  | 93283 |
| Synopsys Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1002  | 414828 |
| Take-Two Interactive Software Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 923  | 195196 |
| Teradyne Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 829  | 265305 |
| Texas Instruments Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4813  | 1020885 |
| Tyler Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236  | 83707 |
| Western Digital Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1811  | 506537 |
| Workday Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1184  | 158372 |
| Zebra Technologies Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284  | 63605 |
| **Total Technology** |  | 94851910 |
| **Utilities (2.50%)** |  |  |
| The AES Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4344  | 75064 |
| Alliant Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1436  | 103880 |
| Ameren Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1535  | 173885 |
| American Electric Power Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2835  | 379380 |
| American Water Works Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1101  | 149769 |
| Atmos Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 820  | 153168 |
| CenterPoint Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3692  | 160602 |
| CMS Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1687  | 131704 |
| Consolidated Edison Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1938  | 218064 |
| Constellation Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1654  | 545622 |
| Dominion Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4701  | 296821 |
| DTE Energy Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1170  | 173441 |
| Duke Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4119  | 538971 |
| Edison International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2166  | 161887 |
| Entergy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2414  | 258564 |
| Evergy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1272  | 106416 |
| Eversource Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2050  | 156231 |
| Exelon Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5561  | 275103 |
| FirstEnergy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2870  | 146829 |
| NextEra Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11156  | 1046096 |
| NiSource Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2445  | 115649 |
| NRG Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1059  | 189519 |
| PG&E Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12108  | 230052 |
| Pinnacle West Capital Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 669  | 67101 |
| PPL Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4085  | 159233 |
| Public Service Enterprise Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2756  | 237209 |
| Sempra | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3504  | 337330 |
| The Southern Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5956  | 579995 |
| Vistra Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1687  | 293352 |
| WEC Energy Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1770  | 207019 |
| Xcel Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3208  | 267419 |
| **Total Utilities** |  | 7935375 |
| **Total Common Stock (Cost $93,268,388)** |  | 311837763 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Garmin Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 859  | $217181<br>|
| GE Vernova Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1437  | 1255363 |
| Generac Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285  | 64230 |
| General Dynamics Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1343  | 479518 |
| General Electric Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5587  | 1912207 |
| Honeywell International Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3363  | 819193 |
| Howmet Aerospace Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2129  | 558926 |
| Hubbell Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300  | 153489 |
| Huntington Ingalls Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235  | 104462 |
| IDEX Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418  | 87558 |
| Illinois Tool Works Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1398  | 406301 |
| Ingersoll Rand Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1904  | 179243 |
| Jabil Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606  | 160584 |
| Jacobs Solutions Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695  | 95813 |
| JB Hunt Transport Services Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398  | 92897 |
| Johnson Controls International plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3237  | 467099 |
| Keysight Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 910  | 279670 |
| L3Harris Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 990  | 360895 |
| Lennox International Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182  | 103729 |
| Lockheed Martin Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1078  | 709410 |
| Martin Marietta Materials Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 331  | 223945 |
| Masco Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1219  | 87305 |
| Mettler-Toledo International Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115  | 157169 |
| Nordson Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304  | 89206 |
| Norfolk Southern Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1221  | 384298 |
| Northrop Grumman Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 710  | 514310 |
| Old Dominion Freight Line Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 974  | 197771 |
| Otis Worldwide Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2138  | 197893 |
| Packaging Corp of America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499  | 115838 |
| Parker-Hannifin Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 668  | 674132 |
| Pentair PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 914  | 90660 |
| Republic Services Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1065  | 243885 |
| Rockwell Automation Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610  | 248545 |
| RTX Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7102  | 1439007 |
| Smurfit Westrock PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2795  | 131393 |
| Snap-on Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293  | 112869 |
| Stanley Black & Decker Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 862  | 74554 |
| TE Connectivity PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1607  | 369851 |
| Teledyne Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260  | 177086 |
| Textron Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1038  | 102399 |
| Trane Technologies PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1174  | 542764 |
| TransDigm Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304  | 396048 |
| Trimble Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1310  | 87600 |
| Union Pacific Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3142  | 832567 |
| United Parcel Service Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3914  | 453867 |
| Veralto Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1344  | 130946 |
| Vulcan Materials Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 715  | 221650 |
| Waste Management Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1984  | 477827 |
| Westinghouse Air Brake<br> Technologies Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949  | 250489 |
| Xylem Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1318  | 170760 |
| **Total Industrial** |  | 27388792 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S&P 500 Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| **United States Treasury Bills (1.57%)** | **United States Treasury Bills (1.57%)** | **United States Treasury Bills (1.57%)** |
| United States Treasury Bill, 0.000%, 03/19/26<sup>(a)</sup>(Cost $4,991,072) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000  | 4991427 |
| **Right (0.00%)** |  |  |
| Sycamore Partners LLC\*<sup>,(b)</sup> (Cost $2,128) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4016  | 2128 |
| **Total Investments (Cost $98,261,588) (99.93%)** | **Total Investments (Cost $98,261,588) (99.93%)** | $316831318<br>|
| **Other Net Assets (0.07%)** | **Other Net Assets (0.07%)** | 211061 |
| **Net Assets (100.00%)** | **Net Assets (100.00%)** | $317042379<br>|

---

\*Non-income producing security.

(a)A portion of these securities, a total of $399,317, have been pledged or segregated in connection with obligations for futures contracts.

(b)Level 3 security fair valued under procedures utilized by the valuation designee, represents 0% of net assets. The total value of the fair value securities is $2,128.

**Futures contracts at February** **28, 2026:**

Contracts - $50 times premium / delivery month / commitment / exchange

---

| | | | |
|:---|:---|:---|:---|
| **S&P 500 E-MINI** | **Notional Amount**  | **Value**  | **Unrealized Depreciation**  |
| 14 / MAR 2026 / Long / CME | $4826050<br>| $4822300<br>| $(3750) |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| **Common Stock (99.54%)** |  |  |
| **Basic Materials (4.43%)** |  |  |
| Alcoa Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8762  | $543945<br>|
| Ashland Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 845  | 52694 |
| Axalta Coating Systems Ltd\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7042  | 235273 |
| Cabot Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1942  | 147864 |
| Carpenter Technology Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1686  | 671146 |
| Cleveland-Cliffs Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17908  | 190899 |
| Commercial Metals Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3734  | 273702 |
| Hecla Mining Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22118  | 550959 |
| MP Materials Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4554  | 268094 |
| NewMarket Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274  | 171527 |
| Olin Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4313  | 109421 |
| Reliance Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1754  | 553633 |
| Royal Gold Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2356  | 706305 |
| RPM International Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4344  | 495737 |
| Westlake Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 619  | 65230 |
| **Total Basic Materials** |  | 5036429 |
| **Communications (1.74%)** |  |  |
| Chewy Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5337  | 146341 |
| EchoStar Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4384  | 506484 |
| Hims & Hers Health Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6782  | 98475 |
| Maplebear Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5858  | 219734 |
| The New York Times Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5406  | 431345 |
| Nexstar Media Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 939  | 235708 |
| Pinterest Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19667  | 336896 |
| **Total Communications** |  | 1974983 |
| **Consumer, Cyclical (13.44%)** | **Consumer, Cyclical (13.44%)** |  |
| Abercrombie & Fitch Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1589  | 155404 |
| Alaska Air Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3847  | 198505 |
| American Airlines Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22014  | 287723 |
| Aramark | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8769  | 366983 |
| Autoliv Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2391  | 283381 |
| AutoNation Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 882  | 172131 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Bath & Body Works Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6798  | $154722<br>|
| BJ's Wholesale Club Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4405  | 435170 |
| BorgWarner Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7054  | 406099 |
| Boyd Gaming Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1908  | 158803 |
| Brunswick Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2146  | 170865 |
| Burlington Stores Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2044  | 627242 |
| Capri Holdings Ltd\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3971  | 81445 |
| Casey's General Stores Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1226  | 840533 |
| Cava Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2885  | 237926 |
| Choice Hotels International Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417  | 43931 |
| Churchill Downs Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2254  | 207210 |
| Columbia Sportswear Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286  | 17715 |
| Core & Main Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6325  | 342562 |
| Crocs Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1713  | 155386 |
| Dick's Sporting Goods Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2003  | 407871 |
| Dolby Laboratories Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2207  | 146920 |
| Dutch Bros Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4435  | 237760 |
| FirstCash Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1281  | 246964 |
| Five Below Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1820  | 406825 |
| Floor & Decor Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3553  | 245477 |
| GameStop Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13927  | 334666 |
| The Gap Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7538  | 211366 |
| Gentex Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7218  | 168901 |
| The Goodyear Tire & Rubber Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5105  | 42116 |
| Harley-Davidson Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4115  | 74070 |
| Hilton Grand Vacations Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1024  | 46039 |
| Hyatt Hotels Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1412  | 228038 |
| KB Home | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2135  | 135743 |
| Lear Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1712  | 224700 |
| Lithia Motors Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800  | 223664 |
| Macy's Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9189  | 181758 |
| Mattel Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10259  | 173890 |
| MSC Industrial Direct Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1601  | 150238 |
| Murphy USA Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585  | 228583 |
| Ollie's Bargain Outlet Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2046  | 219127 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Penske Automotive Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 691  | $108846<br>|
| Planet Fitness Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2799  | 229938 |
| Polaris Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1939  | 117775 |
| PVH Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1711  | 117375 |
| RB Global Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6096  | 615452 |
| RH\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 534  | 88489 |
| The Scotts Miracle-Gro Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 772  | 54133 |
| Somnigroup International Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6373  | 570447 |
| Taylor Morrison Home Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3297  | 217239 |
| Texas Roadhouse Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2217  | 405423 |
| Thor Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1627  | 156404 |
| Toll Brothers Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3178  | 499709 |
| Travel + Leisure Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2123  | 156465 |
| Vail Resorts Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1186  | 161071 |
| VF Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10943  | 212513 |
| Visteon Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1002  | 95861 |
| Warner Music Group Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5238  | 149807 |
| Watsco Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1164  | 485772 |
| WESCO International Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1607  | 465227 |
| Whirlpool Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1984  | 135765 |
| Wingstop Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 916  | 237711 |
| Wyndham Hotels & Resorts Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2493  | 203927 |
| YETI Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2709  | 118410 |
| **Total Consumer, Cyclical** | **Total Consumer, Cyclical** | 15282211 |
| **Consumer, Non-Cyclical (14.36%)** | **Consumer, Non-Cyclical (14.36%)** | **Consumer, Non-Cyclical (14.36%)** |
| Albertsons Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13448  | 240719 |
| API Group Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12349  | 549037 |
| Arrowhead Pharmaceuticals Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4460  | 282184 |
| Avantor Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22738  | 205779 |
| Avis Budget Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150  | 14612 |
| BellRing Brands Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4550  | 83675 |
| BioMarin Pharmaceutical Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6406  | 395442 |
| Bio-Rad Laboratories Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609  | 169570 |

---

**S&P MidCap Index Fund** **Portfolio of Investments (Unaudited) 2/28/26**<br>

**S&P MidCap Index Fund** **Portfolio of Investments (Continued) 2/28/26**<br>

**S&P MidCap Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Booz Allen Hamilton Holding Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3066  | $241693<br>|
| The Boston Beer Co Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156  | 35378 |
| The Brink's Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1371  | 160092 |
| Bruker Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3748  | 150332 |
| Celsius Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5523  | 296088 |
| Chemed Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 486  | 199265 |
| Coca-Cola Consolidated Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1830  | 370392 |
| Coty Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6060  | 15211 |
| Cytokinetics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4049  | 251929 |
| Darling Ingredients Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5193  | 276060 |
| Elanco Animal Health Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16383  | 432511 |
| elf Beauty Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000  | 184100 |
| Encompass Health Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3360  | 362477 |
| The Ensign Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1911  | 409279 |
| Envista Holdings Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5544  | 161940 |
| Euronet Worldwide Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1502  | 104464 |
| Exelixis Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8981  | 395703 |
| Flowers Foods Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3622  | 35785 |
| FTI Consulting Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1059  | 174121 |
| Globus Medical Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3677  | 351006 |
| Graham Holdings Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121  | 127438 |
| Grand Canyon Education Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925  | 147140 |
| H&R Block Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4173  | 127777 |
| Haemonetics Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 464  | 29380 |
| Halozyme Therapeutics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3958  | 275200 |
| HealthEquity Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2885  | 220674 |
| Illumina Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5043  | 678082 |
| Ingredion Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2097  | 246314 |
| Jazz Pharmaceuticals PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023  | 384410 |
| Lantheus Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2186  | 163753 |
| LivaNova PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1005  | 70953 |
| The Marzetti Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 691  | 113559 |
| Masimo Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1592  | 279157 |
| Medpace Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 751  | 339272 |
| Morningstar Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 827  | 151457 |
| Neurocrine Biosciences Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3356  | 443831 |
| Option Care Health Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5414  | 175738 |
| Paylocity Holding Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1546  | 164634 |
| Penumbra Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1301  | 448051 |
| Performance Food <br>Group Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5222  | 506847 |
| Pilgrim's Pride Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 731  | 31550 |
| Post Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1639  | 174226 |
| Repligen Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1744  | 224505 |
| Roivant Sciences Ltd\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13285  | 384468 |
| Service Corp International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4745  | 399434 |
| Shift4 Payments Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2456  | 108236 |
| Sotera Health Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2774  | 45078 |
| Sprouts Farmers Market Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3210  | 237123 |
| Tenet Healthcare Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2885  | 690640 |
| TransUnion | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6592  | 517802 |
| UL Solutions Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1219  | 102359 |
| United Therapeutics Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1421  | 716042 |
| US Foods Holding Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7350  | 710084 |
| Valvoline Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4553  | 172103 |
| WEX Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1130  | 168585 |
| **Total Consumer, Non-Cyclical** | **Total Consumer, Non-Cyclical** | 16324746 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| **Energy (4.88%)** |  |  |
| Antero Midstream Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10945  | $246044<br>|
| Antero Resources Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9621  | 354149 |
| Chord Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1910  | 206987 |
| CNX Resources Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4450  | 185921 |
| DT Midstream Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3389  | 470529 |
| HF Sinclair Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5487  | 274405 |
| Matador Resources Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3983  | 204726 |
| Murphy Oil Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4673  | 154910 |
| Nextpower Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4845  | 509210 |
| NOV Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12039  | 243910 |
| Ovintiv Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8359  | 422882 |
| PBF Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 869  | 30936 |
| Permian Resources Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21796  | 398649 |
| Range Resources Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7947  | 328052 |
| TechnipFMC PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13338  | 884443 |
| Valaris Ltd\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2124  | 203585 |
| Viper Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3829  | 178202 |
| Weatherford International PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2430  | 256268 |
| **Total Energy** |  | 5553808 |
| **Financial (20.42%)** |  |  |
| Banks (5.73%) |  |  |
| Associated Banc-Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5947  | 157060 |
| Bank OZK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3742  | 174228 |
| Columbia Banking System Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7524  | 214058 |
| Commerce Bancshares Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4591  | 234095 |
| Cullen/Frost Bankers Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2110  | 291644 |
| East West Bancorp Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4664  | 510475 |
| First Financial Bankshares Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4562  | 141103 |
| First Horizon Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16165  | 384565 |
| Flagstar Bank NA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9983  | 126684 |
| FNB Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11757  | 199751 |
| Glacier Bancorp Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4062  | 184780 |
| Hancock Whitney Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2757  | 181438 |
| Home BancShares Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6616  | 181675 |
| International Bancshares Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1981  | 132945 |
| Old National Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11315  | 261377 |
| Pinnacle Financial Partners Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4933  | 447719 |
| Prosperity Bancshares Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3118  | 219414 |
| Southstate Bank Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3482  | 343569 |
| Texas Capital Bancshares Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1632  | 155530 |
| UMB Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2414  | 279734 |
| United Bankshares Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4844  | 200057 |
| Valley National Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16910  | 213235 |
| Webster Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5544  | 399889 |
| Western Alliance Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3503  | 281361 |
| Wintrust Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2208  | 318084 |
| Zions Bancorp NA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4925  | 282104 |
|  |  | 6516574 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| *Diversified Financial Service (2.70%)* | *Diversified Financial Service (2.70%)* |  |
| Affiliated Managers Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 928  | $284135<br>|
| Ally Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9345  | 368567 |
| Evercore Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1268  | 391609 |
| Federated Hermes Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2676  | 149883 |
| Hamilton Lane Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1349  | 141564 |
| Houlihan Lokey Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1813  | 296915 |
| Janus Henderson Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4079  | 212516 |
| Jefferies Financial Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5447  | 241847 |
| SEI Investments Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3134  | 254857 |
| SLM Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6955  | 130337 |
| Stifel Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5186  | 383986 |
| Voya Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3141  | 210070 |
|  |  | 3066286 |
| *Insurance (4.65%)* |  |  |
| American Financial Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2342  | 311439 |
| Brighthouse Financial Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2159  | 129497 |
| CNO Financial Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3144  | 131451 |
| Corebridge Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8824  | 228012 |
| Equitable Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9457  | 380361 |
| Essent Group Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3287  | 199981 |
| Fidelity National Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8643  | 457042 |
| First American Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3345  | 234518 |
| The Hanover Insurance Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1174  | 212060 |
| Kemper Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2130  | 68842 |
| Kinsale Capital Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 738  | 287576 |
| MGIC Investment Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7691  | 204042 |
| Old Republic International Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7626  | 326927 |
| Primerica Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1096  | 278011 |
| Reinsurance Group of America Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2205  | 475685 |
| RenaissanceRe Holdings Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1520  | 459739 |
| RLI Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2958  | 184343 |
| Ryan Specialty Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3774  | 148507 |
| Selective Insurance Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2183  | 183459 |
| Unum Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5302  | 380312 |
|  |  | 5281804 |
| *Private Equity (0.35%)* |  |  |
| The Carlyle Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7560  | 393044 |
| *Real Estate (7.00%)* |  |  |
| Agree Realty Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3709  | 298500 |
| American Healthcare REIT Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5885  | 307432 |
| American Homes 4 Rent | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10750  | 322500 |
| Annaly Capital Management Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18910  | 439468 |
| Brixmor Property Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10212  | 309117 |
| COPT Defense Properties | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4160  | 132205 |
| Cousins Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6012  | 139238 |
| CubeSmart | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7519  | 309332 |
| EastGroup Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1774  | 348254 |

---

**S&P MidCap Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| UFP Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1954  | $201086<br>|
| Universal Display Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1581  | 168677 |
| Valmont Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 658  | 302634 |
| Vontier Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4784  | 195761 |
| Watts Water Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 903  | 296852 |
| Woodward Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000  | 773520 |
| XPO Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3874  | 815361 |
| **Total Industrial** |  | 30781666 |
| **Technology (9.96%)** |  |  |
| Allegro MicroSystems Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4135  | 150803 |
| Amkor Technology Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4077  | 194962 |
| Appfolio Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 824  | 146474 |
| ASGN Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 783  | 33591 |
| Bentley Systems Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5041  | 184249 |
| BILL Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3103  | 138115 |
| Blackbaud Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 681  | 33056 |
| CACI International Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 744  | 453966 |
| Cirrus Logic Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1712  | 241597 |
| Commvault Systems Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1576  | 134086 |
| Concentrix Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841  | 27585 |
| Crane NXT Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1744  | 84218 |
| Docusign Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6741  | 303817 |
| Doximity Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4662  | 114359 |
| Dropbox Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6175  | 154313 |
| Duolingo Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1340  | 135340 |
| Dynatrace Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10059  | 361319 |
| Everpure Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10507  | 674760 |
| ExlService Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5238  | 163688 |
| Genpact Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5407  | 214766 |
| Guidewire Software Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2849  | 414017 |
| IPG Photonics Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478  | 62890 |
| KBR Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4297  | 181462 |
| Kyndryl Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7544  | 93018 |
| Lattice Semiconductor Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4567  | 436697 |
| Lumentum Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2328  | 1631718 |
| MACOM Technology Solutions Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2107  | 522789 |
| Manhattan Associates Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2046  | 277090 |
| Maximus Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2048  | 154849 |
| MKS Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2240  | 547590 |
| Nutanix Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9190  | 351793 |
| Okta Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5577  | 404333 |
| Onto Innovation Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1617  | 349094 |
| Parsons Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1674  | 110484 |
| Pegasystems Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3176  | 138886 |
| Qualys Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1297  | 119934 |
| Rambus Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3553  | 354092 |
| Science Applications<br> International Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1672  | 154259 |
| Silicon Laboratories Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1151  | 235414 |
| Synaptics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695  | 56615 |
| Twilio Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5119  | 619194 |
| UiPath Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13907  | 149222 |
| ZoomInfo Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1581  | 9818 |
| **Total Technology** |  | 11320322 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Dycom Industries Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 955  | $401119<br>|
| Eagle Materials Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1082  | 242152 |
| EnerSys | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250  | 207688 |
| Entegris Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4977  | 659204 |
| Esab Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1873  | 236316 |
| Exponent Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800  | 131004 |
| Fabrinet\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1212  | 661304 |
| Flex Ltd\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12206  | 769222 |
| Flowserve Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4363  | 386213 |
| Fluor Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5393  | 282108 |
| Fortune Brands Innovations Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4265  | 231760 |
| GATX Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1172  | 215847 |
| Graco Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5607  | 526609 |
| Graphic Packaging Holding Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10756  | 131546 |
| GXO Logistics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3758  | 236115 |
| Hexcel Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2624  | 243219 |
| ITT Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2639  | 534160 |
| Kirby Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1861  | 241558 |
| Knife River Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2028  | 180451 |
| Knight-Swift Transportation<br> Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5413  | 340586 |
| Kratos Defense & Security<br> Solutions Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5712  | 492260 |
| Landstar System Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1133  | 184622 |
| Lincoln Electric Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1867  | 535922 |
| Littelfuse Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 817  | 287960 |
| Louisiana-Pacific Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2274  | 192699 |
| MasTec Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2074  | 618093 |
| The Middleby Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1577  | 266292 |
| MSA Safety Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1245  | 243285 |
| Mueller Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3693  | 435626 |
| Novanta Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1274  | 171264 |
| nVent Electric PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5446  | 644589 |
| Oshkosh Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2135  | 362993 |
| Owens Corning | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2830  | 345458 |
| RBC Bearings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1048  | 603564 |
| Regal Rexnord Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2214  | 489250 |
| Ryder System Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1360  | 301322 |
| Saia Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 878  | 355932 |
| Sensata Technologies Holding PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5188  | 193720 |
| Silgan Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2879  | 138336 |
| Simpson Manufacturing Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1368  | 264804 |
| Sonoco Products Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3238  | 182850 |
| SPX Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1643  | 372862 |
| StandardAero Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6338  | 195210 |
| Sterling Infrastructure Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000  | 428130 |
| TD SYNNEX Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2499  | 391868 |
| Terex Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2474  | 170186 |
| Tetra Tech Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8767  | 314209 |
| The Timken Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2081  | 225539 |
| TopBuild Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 946  | 424092 |
| The Toro Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3292  | 325447 |
| Trex Co Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3838  | 158970 |
| TTM Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3392  | 353582 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| EPR Properties | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 812  | $48241<br>|
| Equity LifeStyle Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6465  | 434189 |
| First Industrial Realty <br>Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4417  | 278889 |
| Gaming and Leisure Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9341  | 456868 |
| Healthcare Realty Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12127  | 223743 |
| Independence Realty <br>Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8314  | 137763 |
| Jones Lang LaSalle Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1603  | 505827 |
| Kilroy Realty Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3417  | 101895 |
| Kite Realty Group Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7108  | 185163 |
| Lamar Advertising Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2937  | 404542 |
| National Storage Affiliates Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1276  | 44686 |
| NNN REIT Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6262  | 283794 |
| Omega Healthcare Investors Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9699  | 468171 |
| Park Hotels & Resorts Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 955  | 10801 |
| Rayonier Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7414  | 159327 |
| Rexford Industrial Realty Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7687  | 288032 |
| Sabra Health Care REIT Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8392  | 172456 |
| STAG Industrial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6229  | 244301 |
| Starwood Property Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11362  | 202357 |
| Vornado Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5380  | 148380 |
| WP Carey Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7410  | 553157 |
|  |  | 7958628 |
| **Total Financial** |  | 23216336 |
| **Industrial (27.07%)** |  |  |
| AAON Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2393  | 242172 |
| Acuity Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1026  | 309431 |
| Advanced Drainage Systems Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2386  | 408817 |
| Advanced Energy <br>Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1247  | 418456 |
| AECOM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4482  | 439146 |
| AeroVironment Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1061  | 267637 |
| AGCO Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2042  | 278733 |
| Applied Industrial Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1270  | 358877 |
| AptarGroup Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2198  | 315875 |
| Arrow Electronics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1717  | 261259 |
| ATI Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4484  | 733538 |
| Avient Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3380  | 138817 |
| Avnet Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2670  | 175793 |
| Belden Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1290  | 184857 |
| BWX Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3093  | 637096 |
| Carlisle Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1375  | 542809 |
| Chart Industries Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1491  | 309084 |
| Clean Harbors Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1682  | 493162 |
| CNH Industrial NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29177  | 358877 |
| Cognex Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5525  | 300560 |
| Coherent Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5159  | 1335814 |
| Crane Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1614  | 323655 |
| Crown Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3893  | 446138 |
| Curtiss-Wright Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1217  | 852302 |
| Donaldson Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3943  | 365753 |

---

**S MidCap Index Fu&**P MidCap Index Fund**Portfolio of Investments (Continued) 2/28/26**<br>

**S&P MidCap Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| **Utilities (3.23%)** |  |  |
| Black Hills Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2592  | $190927<br>|
| Essential Utilities Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9051  | 361768 |
| IDACORP Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1908  | 274695 |
| National Fuel Gas Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3014  | 274364 |
| New Jersey Resources Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3297  | 178829 |
| Northwestern Energy Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2175  | 152163 |
| OGE Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6719  | 330172 |
| ONE Gas Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2009  | 175667 |
| Ormat Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2058  | 213415 |
| Portland General Electric Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3906  | 210768 |
| Southwest Gas Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2137  | 188419 |
| Spire Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2139  | 195954 |
| Talen Energy Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1524  | 565358 |
| TXNM Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3231  | 190694 |
| UGI Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4577  | 171226 |
| **Total Utilities** |  | 3674419 |
| **Total Common Stock <br>(Cost $67,422,666)** | **Total Common Stock <br>(Cost $67,422,666)** | 113164920 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| **United States Treasury Bills (0.44%)** | **United States Treasury Bills (0.44%)** | **United States Treasury Bills (0.44%)** |
| United States Treasury Bill, 0.000%, 03/19/26<sup>(a)</sup>(Cost $499,101) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000  | 499143 |
| **Total Investments (Cost $67,921,766) (99.98%)** |  | $113664063<br>|
| **Other Net Assets (0.02%)** |  | 27152 |
| **Net Assets (100.00%)** |  | $113691215<br>|

---

\*Non-income producing security.

(a)A portion of these securities, a total of $99,829, have been pledged or segregated in connection with obligations for futures contracts.

**Futures contracts at February 28, 2026:** Contracts - $100 times premium / delivery month / commitment / exchange

---

| | | | |
|:---|:---|:---|:---|
| **S&P MidCap E-MINI** | **Notional Amount**  | **Value**  | **Unrealized Depreciation**  |
| 1 / MAR 2026 / Long / CME | $359080<br>| $357790<br>| $(1290) |

---

**S&P SmallCap Index Fund** **Portfolio of Investments (Unaudited) 2/28/26**<br>

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| **Common Stock (99.03%)** |  |  |
| **Basic Materials (4.72%)** |  |  |
| Balchem Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1059  | $192134<br>|
| Celanese Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3573  | 178436 |
| Century Aluminum Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1812  | 93427 |
| The Chemours Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5074  | 92550 |
| Eastman Chemical Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3898  | 294338 |
| Element Solutions Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7711  | 270579 |
| FMC Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4076  | 60080 |
| Hawkins Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 679  | 101239 |
| HB Fuller Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1761  | 115733 |
| Ingevity Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1225  | 88237 |
| Innospec Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 911  | 69764 |
| Kaiser Aluminum Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606  | 78865 |
| Koppers Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 801  | 30278 |
| Minerals Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1065  | 75210 |
| Quaker Chemical Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 488  | 71751 |
| Rogers Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 646  | 69658 |
| Sensient Technologies Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1385  | 140619 |
| Solstice Advanced Materials Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5396  | 423640 |
| Stepan Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 805  | 40966 |
| Sylvamo Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1246  | 57690 |
| **Total Basic Materials** |  | 2545194 |
| **Communications (5.10%)** |  |  |
| A10 Networks Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2694  | 51886 |
| Angi Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1449  | 11273 |
| Cable One Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191  | 18326 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Calix Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2139  | $110736<br>|
| Cargurus Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2767  | 84947 |
| Cars.com Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2248  | 19198 |
| Cogent Communications Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1530  | 28703 |
| ePlus Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 895  | 72191 |
| Etsy Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3234  | 177482 |
| Extreme Networks Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4783  | 66866 |
| Gogo Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2174  | 9196 |
| Harmonic Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4401  | 46783 |
| HealthStream Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 938  | 19914 |
| IAC Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2368  | 90742 |
| InterDigital Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 842  | 308618 |
| Iridium Communications Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3884  | 93022 |
| Liquidity Services Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 810  | 25604 |
| Lumen Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30810  | 219059 |
| Q2 Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2079  | 100041 |
| QuinStreet Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2158  | 25292 |
| Scholastic Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975  | 33901 |
| Shenandoah Telecommunications Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1790  | 24398 |
| Sprinklr Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4052  | 23583 |
| TEGNA Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5250  | 109988 |
| Telephone and Data Systems Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3207  | 143513 |
| TripAdvisor Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4275  | 43220 |
| Uniti Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5748  | 42075 |
| Upwork Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4524  | 60712 |
| Versant Media Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4953  | 165034 |
| Viasat Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4558  | 208665 |
| Viavi Solutions Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7579  | 225172 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Yelp Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1955  | $43577<br>|
| Ziff Davis Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1562  | 42299 |
| **Total Communications** |  | 2746016 |
| **Consumer, Cyclical (14.86%)** | **Consumer, Cyclical (14.86%)** | **Consumer, Cyclical (14.86%)** |
| Academy Sports & Outdoors Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2389  | 143651 |
| Acushnet Holdings Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949  | 97111 |
| Adient PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2681  | 65202 |
| Advance Auto Parts Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2150  | 114316 |
| Allegiant Travel Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 458  | 46785 |
| American Eagle Outfitters Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5365  | 131818 |
| Asbury Automotive Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 641  | 137033 |
| BJ's Restaurants Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 847  | 32178 |
| Bloomin' Brands Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2953  | 18072 |
| Boot Barn Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997  | 188652 |
| Brinker International Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1450  | 214890 |
| The Buckle Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1123  | 60137 |
| Caesars Entertainment Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6925  | 173471 |
| Callaway Golf Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5130  | 72128 |
| CarMax Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5095  | 219951 |
| Carter's Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1381  | 46333 |
| Cavco Industries Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258  | 148933 |
| Central Garden & Pet Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1773  | 61239 |
| Century Communities Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 842  | 56608 |
| Champion Homes Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1958  | 183034 |
| The Cheesecake Factory Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1656  | 107276 |
| Cinemark Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3625  | 102370 |
| Cracker Barrel Old Country Store Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 828  | 27092 |

---

**S&P SmallCap Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Corcept Therapeutics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3060  | $109242<br>|
| CoreCivic Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3562  | 62976 |
| CorVel Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1005  | 51838 |
| Covista Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1173  | 114954 |
| Cytek Biosciences Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4159  | 18632 |
| Deluxe Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1636  | 45399 |
| Edgewell Personal Care Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1894  | 43070 |
| Embecta Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2125  | 21803 |
| Enovis Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2144  | 54608 |
| EVERTEC Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2422  | 68567 |
| Fortrea Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3082  | 33039 |
| Fresh Del Monte Produce Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1267  | 54392 |
| The GEO Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5057  | 76057 |
| Glaukos Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2015  | 242605 |
| Grocery Outlet Holding Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3620  | 35766 |
| Harmony Biosciences Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1410  | 40241 |
| Healthcare Services Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2715  | 59106 |
| Hertz Global Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4505  | 20453 |
| ICU Medical Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 854  | 128595 |
| Indivior Pharmaceuticals Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4174  | 136573 |
| Innoviva Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2079  | 47734 |
| Insperity Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1199  | 26630 |
| Inspire Medical Systems Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 878  | 56640 |
| Integer Holdings Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1246  | 108003 |
| Integra LifeSciences Holdings Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2605  | 29645 |
| Interparfums Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650  | 65507 |
| J & J Snack Foods Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606  | 52758 |
| John B Sanfilippo & Son Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404  | 33374 |
| John Wiley & Sons Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1609  | 49911 |
| Korn Ferry | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1707  | 106978 |
| Krystal Biotech Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 840  | 231538 |
| Legalzoom.com Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3643  | 25610 |
| LeMaitre Vascular Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707  | 76483 |
| Ligand Pharmaceuticals Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 684  | 135644 |
| ManpowerGroup Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1571  | 43941 |
| MarketAxess Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1244  | 238848 |
| Matthews International Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1194  | 31557 |
| Merit Medical Systems Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1932  | 149112 |
| Mister Car Wash Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3644  | 25945 |
| Monro Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1416  | 30486 |
| Myriad Genetics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3903  | 17993 |
| National Beverage Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 883  | 32097 |
| National HealthCare Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420  | 68670 |
| Neogen Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7336  | 82383 |
| NeoGenomics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5020  | 49347 |
| Omnicell Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1559  | 64075 |
| Organon & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9570  | 69765 |
| Pacira BioSciences Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1566  | 34311 |
| Payoneer Global Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9883  | 42695 |
| Pediatrix Medical Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3218  | 63877 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| SkyWest Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1317  | $137073<br>|
| Sonic Automotive Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 556  | 34872 |
| Sonos Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3945  | 60753 |
| Standard Motor Products Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 766  | 30395 |
| Steven Madden Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2616  | 94438 |
| Sun Country Airlines Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1810  | 35621 |
| Tri Pointe Homes Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2855  | 132187 |
| Under Armour Inc\* - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6107  | 45314 |
| Under Armour Inc\* - Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3858  | 27893 |
| UniFirst Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496  | 116471 |
| United Parks & Resorts Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 933  | 32459 |
| Urban Outfitters Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1755  | 116181 |
| Victoria's Secret & Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2606  | 163396 |
| The Wendy's Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5370  | 41134 |
| Winnebago Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1130  | 45076 |
| Wolverine World Wide Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2980  | 52657 |
| XPEL Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 828  | 35289 |
| **Total Consumer, Cyclical** | **Total Consumer, Cyclical** | 8006077 |
| **Consumer, Non-Cyclical (16.57%)** | **Consumer, Non-Cyclical (16.57%)** | **Consumer, Non-Cyclical (16.57%)** |
| ABM Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2031  | 90380 |
| Acadia Healthcare Co Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3074  | 72055 |
| ACADIA Pharmaceuticals Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4462  | 109587 |
| AdaptHealth Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3607  | 33004 |
| Addus HomeCare Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 681  | 70504 |
| ADMA Biologics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8568  | 133404 |
| ADT Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16907  | 135594 |
| Alarm.com Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1807  | 86465 |
| Alkermes PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5387  | 162149 |
| AMN Healthcare Services Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1437  | 27993 |
| Amneal Pharmaceuticals Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5734  | 79187 |
| Amphastar Pharmaceuticals Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1482  | 29981 |
| The Andersons Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1254  | 81874 |
| ANI Pharmaceuticals Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 626  | 46261 |
| Apellis Pharmaceuticals Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3617  | 75812 |
| Arcus Biosciences Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2383  | 48542 |
| Arlo Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3668  | 57551 |
| Artivion Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1472  | 56672 |
| Astrana Health Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1622  | 32975 |
| Avanos Medical Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2108  | 29723 |
| Azenta Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1385  | 37367 |
| BioLife Solutions Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1405  | 34001 |
| BrightSpring Health Services Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3870  | 160334 |
| Cal-Maine Foods Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1512  | 131710 |
| Catalyst Pharmaceuticals Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3906  | 90150 |
| Certara Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4198  | 29722 |
| The Chefs' Warehouse Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1338  | 95520 |
| Collegium Pharmaceutical Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1069  | 44545 |
| Concentra Group Holdings Parent Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3319  | 79523 |
| CONMED Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1202  | 55292 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Dana Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3980  | $136275<br>|
| Dauch Corporation\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4591  | 30301 |
| Dave & Buster's Entertainment Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1126  | 16575 |
| Dorman Products Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 906  | 106781 |
| Dream Finders Homes Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1080  | 19516 |
| Ethan Allen Interiors Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 836  | 19044 |
| Fox Factory Holding Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1574  | 26506 |
| Freshpet Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1656  | 139849 |
| Gentherm Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1122  | 36768 |
| G-III Apparel Group Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1257  | 38452 |
| Golden Entertainment Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 829  | 23958 |
| Green Brick Partners Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1088  | 80142 |
| Group 1 Automotive Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 413  | 134531 |
| HNI Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1672  | 75173 |
| Installed Building Products Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 744  | 243853 |
| Interface Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1976  | 62224 |
| JetBlue Airways Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9850  | 54569 |
| Kohl's Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4034  | 66037 |
| Kontoor Brands Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1668  | 108770 |
| La-Z-Boy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1503  | 53687 |
| LCI Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 823  | 109624 |
| Leggett & Platt Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4913  | 57384 |
| LGI Homes Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 739  | 38354 |
| LKQ Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8665  | 286896 |
| M/I Homes Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 861  | 122400 |
| Madison Square Garden Sports Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 607  | 201318 |
| MarineMax Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 678  | 20679 |
| Marriott Vacations Worldwide Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 943  | 61304 |
| Meritage Homes Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2322  | 175125 |
| MillerKnoll Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2433  | 49001 |
| Monarch Casino & Resort Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 483  | 46416 |
| National Vision Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2998  | 80856 |
| Newell Brands Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15586  | 70916 |
| OneSpaWorld Holdings Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3451  | 74300 |
| OPENLANE Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3872  | 110391 |
| Oxford Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 559  | 22131 |
| Papa John's International Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1274  | 39940 |
| Patrick Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1086  | 134436 |
| PC Connection Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 428  | 26087 |
| Penn Entertainment Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4585  | 71709 |
| Phinia Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1320  | 95872 |
| PriceSmart Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 856  | 132355 |
| Pursuit Attractions and Hospitality Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 790  | 27460 |
| Red Rock Resorts Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700  | 102935 |
| Resideo Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4466  | 172834 |
| Rush Enterprises Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1998  | 141798 |
| Sabre Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13395  | 15806 |
| Sally Beauty Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3359  | 53979 |
| ScanSource Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 746  | 27438 |
| Shake Shack Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1313  | 126061 |
| Signet Jewelers Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1342  | 129087 |
| Six Flags Entertainment Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3446  | 58685 |

---

**S&P SmallCap Index Fund** **Portfolio of Investments (Continued) 2/28/26**<br>

**S&P SmallCap Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| First Interstate BancSystem Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3112  | $107706<br>|
| Fulton Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5943  | 121534 |
| Hanmi Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1174  | 30653 |
| Heritage Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300  | 34333 |
| Hilltop Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1497  | 56033 |
| Hope Bancorp Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4715  | 53091 |
| Independent Bank Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1553  | 121243 |
| Lakeland Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 996  | 57858 |
| National Bank Holdings Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1406  | 56226 |
| NBT Bancorp Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1842  | 78690 |
| OFG Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1678  | 67254 |
| Park National Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 466  | 76671 |
| Pathward Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 770  | 69908 |
| Preferred Bank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415  | 36404 |
| Renasant Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3242  | 122061 |
| S&T Bancorp Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1494  | 62464 |
| Seacoast Banking Corp of Florida | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2946  | 91680 |
| ServisFirst Bancshares Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1639  | 132775 |
| Simmons First National Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4593  | 91447 |
| Southside Bancshares Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1075  | 33669 |
| Stellar Bancorp Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1704  | 64173 |
| Tompkins Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 472  | 36207 |
| Triumph Financial Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 855  | 47760 |
| TrustCo Bank Corp NY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 742  | 32181 |
| Trustmark Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2211  | 94166 |
| United Community Banks Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3964  | 127522 |
| Walker & Dunlop Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1172  | 53924 |
| Westamerica BanCorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 864  | 43762 |
|  |  | 3879335 |
| *Diversified Financial Service (4.28%)* | *Diversified Financial Service (4.28%)* |  |
| Acadian Asset Management Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 899  | 48420 |
| Air Lease Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3428  | 222272 |
| Artisan Partners Asset Management Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2539  | 102271 |
| BGC Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11907  | 113355 |
| Bread Financial Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1555  | 110187 |
| Cohen & Steers Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1012  | 67672 |
| Enact Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1038  | 43430 |
| Encore Capital Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 902  | 61598 |
| Enova International Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 816  | 113465 |
| EZCORP Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1966  | 52158 |
| Moelis & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2420  | 143651 |
| Navient Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2615  | 22986 |
| Piper Sandler Cos | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 542  | 160188 |
| PJT Partners Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 866  | 127891 |
| PRA Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1730  | 27248 |
| Radian Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4420  | 152578 |
| StepStone Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2167  | 93484 |
| StoneX Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1583  | 201833 |
| Victory Capital Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1713  | 118505 |
| Virtu Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2594  | 107418 |
| Virtus Investment Partners Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259  | 35835 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Crescent Energy Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7995  | $93222<br>|
| CVR Energy Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1024  | 24740 |
| DNOW Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6406  | 75463 |
| Enphase Energy Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4313  | 182311 |
| Helix Energy Solutions Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5581  | 51289 |
| Helmerich & Payne Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3561  | 125418 |
| Innovex International Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1307  | 34439 |
| Kinetik Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1489  | 67735 |
| Kodiak Gas Services Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2191  | 119563 |
| Liberty Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5483  | 154017 |
| Magnolia Oil & Gas Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6047  | 168228 |
| Noble Corp PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4260  | 193532 |
| Northern Oil & Gas Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3288  | 90716 |
| Oceaneering International Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3377  | 119884 |
| Par Pacific Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1852  | 79025 |
| Patterson-UTI Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11683  | 99422 |
| Peabody Energy Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3968  | 125151 |
| REX American Resources Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1130  | 40183 |
| SM Energy Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7662  | 177222 |
| SolarEdge Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2118  | 74977 |
| SunCoke Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3134  | 17864 |
| Sunrun Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7530  | 99773 |
| Talos Energy Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4854  | 59462 |
| Tidewater Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1654  | 131361 |
| Warrior Met Coal Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1784  | 148500 |
| **Total Energy** |  | 3250705 |
| **Financial (24.14%)** |  |  |
| *Banks (7.20%)* |  |  |
| Ameris Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2095  | 162698 |
| Atlantic Union Bankshares Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4838  | 179296 |
| BancFirst Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707  | 77770 |
| The Bancorp Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1496  | 78525 |
| Bank of Hawaii Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1297  | 98274 |
| BankUnited Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2543  | 118758 |
| Banner Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1249  | 73504 |
| Cathay General Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2318  | 115228 |
| Central Pacific Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 989  | 31500 |
| City Holding Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520  | 62384 |
| Community Financial System Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1782  | 107900 |
| Customers Bancorp Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1055  | 71149 |
| CVB Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4652  | 89458 |
| Dime Community Bancshares Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1423  | 46034 |
| Eagle Bancorp Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1094  | 27842 |
| FB Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1366  | 74707 |
| First BanCorp/Puerto Rico | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5202  | 109918 |
| First Bancorp/Southern Pines NC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1487  | 84447 |
| First Commonwealth Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3985  | 69857 |
| First Financial Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3491  | 97992 |
| First Hawaiian Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4067  | 100699 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Perdoceo Education Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1992  | $66433<br>|
| Perrigo Co PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4572  | 60442 |
| Phibro Animal Health Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 691  | 37722 |
| Prestige Consumer Healthcare Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1606  | 111296 |
| Privia Health Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3773  | 89609 |
| PROG Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1449  | 51019 |
| Progyny Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2753  | 48701 |
| Protagonist Therapeutics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1908  | 175689 |
| PTC Therapeutics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2710  | 184795 |
| Quanex Building Products Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1564  | 32109 |
| QuidelOrtho Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2086  | 47436 |
| RadNet Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2361  | 164821 |
| Reynolds Consumer Products Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1856  | 46047 |
| Robert Half Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3263  | 79682 |
| Sarepta Therapeutics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3313  | 55526 |
| Select Medical Holdings Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4113  | 61572 |
| Sezzle Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 582  | 42457 |
| The Simply Good Foods Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3498  | 59676 |
| STAAR Surgical Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1830  | 36417 |
| Strategic Education Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 889  | 73147 |
| Stride Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1405  | 118554 |
| Supernus Pharmaceuticals Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1830  | 100156 |
| Tandem Diabetes Care Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2401  | 60745 |
| Teleflex Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1442  | 176011 |
| TG Therapeutics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4428  | 133239 |
| Tootsie Roll Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 667  | 28167 |
| TransMedics Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1112  | 161529 |
| UFP Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284  | 59805 |
| United Natural Foods Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2056  | 78560 |
| Universal Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 960  | 51581 |
| Upbound Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1962  | 42085 |
| US Physical Therapy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588  | 48780 |
| Veracyte Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2846  | 104135 |
| Vericel Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1713  | 61120 |
| Verra Mobility Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5726  | 95681 |
| Vestis Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3804  | 29937 |
| Vir Biotechnology Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3582  | 32560 |
| Vital Farms Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1268  | 26742 |
| WD-40 Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 459  | 109334 |
| WillScot Holdings Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5777  | 124841 |
| Xencor Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2742  | 35015 |
| **Total Consumer, Non-Cyclical** | **Total Consumer, Non-Cyclical** | 8930523 |
| **Energy (6.03%)** |  |  |
| Alpha Metallurgical Resources Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372  | 60506 |
| Archrock Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5711  | 201768 |
| Atlas Energy Solutions Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2364  | 22765 |
| Bristow Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 892  | 42548 |
| California Resources Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2605  | 153278 |
| Comstock Resources Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2582  | 50633 |
| Core Laboratories Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1586  | 27898 |
| Core Natural Resources Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1679  | 137812 |

---

**S&P SmallCap Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| American Woodmark Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 608  | $30461<br>|
| Apogee Enterprises Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 856  | 34086 |
| ArcBest Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 822  | 84387 |
| Arcosa Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600  | 171968 |
| Armstrong World Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1411  | 244809 |
| Astec Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 833  | 51721 |
| AZZ Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 979  | 133124 |
| Badger Meter Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 961  | 146485 |
| Benchmark Electronics Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1219  | 70470 |
| Boise Cascade Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1351  | 111782 |
| Brady Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1428  | 131862 |
| Cactus Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2436  | 131544 |
| Casella Waste Systems Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2081  | 193866 |
| CSW Industrials Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 548  | 161293 |
| CTS Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 989  | 52081 |
| Dorian LPG Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1330  | 49197 |
| DXP Enterprises Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429  | 59404 |
| Energizer Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1982  | 42791 |
| Enerpac Tool Group Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1988  | 81110 |
| Enpro Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 687  | 177693 |
| Enviri Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3023  | 57225 |
| ESCO Technologies Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 842  | 233478 |
| Everus Construction Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1664  | 201128 |
| Federal Signal Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1984  | 230997 |
| Forward Air Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 746  | 18866 |
| Franklin Electric Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1248  | 124326 |
| Frontdoor Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2377  | 162991 |
| Gates Industrial Corp PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8788  | 242285 |
| Gibraltar Industries Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1002  | 45571 |
| Granite Construction Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1429  | 192143 |
| The Greenbrier Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1048  | 59128 |
| Griffon Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1327  | 113113 |
| Hayward Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6802  | 108832 |
| Hub Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2220  | 95615 |
| Ichor Holdings Ltd\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1323  | 62909 |
| Insteel Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 659  | 24568 |
| International Seaways Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1374  | 103778 |
| Itron Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1492  | 140173 |
| JBT Marel Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1688  | 259952 |
| Kadant Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425  | 144147 |
| Kennametal Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2738  | 110287 |
| Knowles Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3123  | 84852 |
| Lindsay Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425  | 57248 |
| Marten Transport Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2137  | 29042 |
| Masterbrand Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4962  | 50215 |
| Materion Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 747  | 121806 |
| Matson Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1037  | 172277 |
| Mercury Systems Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1838  | 163637 |
| Metallus Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1220  | 20740 |
| Mirion Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8164  | 176424 |
| Mohawk Industries Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1758  | 220225 |
| Moog Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927  | 312795 |
| Mueller Water Products Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5332  | 159587 |
| MYR Group Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506  | 136600 |
| O-I Glass Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5632  | 75469 |
| OSI Systems Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535  | 152582 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Franklin BSP Realty Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3116  | $28449<br>|
| Getty Realty Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1834  | 60192 |
| Global Net Lease Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5985  | 56379 |
| Highwoods Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3527  | 79322 |
| Innovative Industrial Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1070  | 56667 |
| JBG SMITH Properties | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2014  | 30633 |
| Kennedy-Wilson Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4615  | 50211 |
| KKR Real Estate Finance Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2207  | 15339 |
| LTC Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1681  | 66702 |
| LXP Industrial Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1930  | 95651 |
| The Macerich Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8435  | 172664 |
| Marcus & Millichap Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 879  | 23214 |
| Medical Properties Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16086  | 92655 |
| Millrose Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5260  | 164954 |
| NexPoint Residential Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 954  | 26893 |
| Outfront Media Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4993  | 143848 |
| Pebblebrook Hotel Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3747  | 48074 |
| PennyMac Mortgage Investment Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3307  | 40544 |
| Phillips Edison & Co Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4099  | 161009 |
| Redwood Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5524  | 33420 |
| Ryman Hospitality Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2149  | 212214 |
| Safehold Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1280  | 20659 |
| SL Green Realty Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2317  | 85381 |
| The St Joe Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1443  | 104141 |
| Summit Hotel Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5009  | 22591 |
| Sunstone Hotel Investors Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7281  | 67568 |
| Tanger Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4012  | 148685 |
| Terreno Realty Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3371  | 222688 |
| Two Harbors Investment Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3852  | 39791 |
| Urban Edge Properties | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4105  | 87231 |
| Veris Residential Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3077  | 58001 |
| Xenia Hotels & Resorts Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3252  | 49691 |
|  |  | 4249032 |
| *Savings&Loans (1.37%)* |  |  |
| Axos Financial Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1923  | 166953 |
| Banc of California Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4597  | 84907 |
| Beacon Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3072  | 91361 |
| Capitol Federal Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4612  | 33114 |
| Northwest Bancshares Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4974  | 61926 |
| Provident Financial Services Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4263  | 89694 |
| WaFd Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2879  | 89710 |
| WSFS Financial Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1862  | 118256 |
|  |  | 735921 |
| **Total Financial** |  | 13009768 |
| **Industrial (17.62%)** |  |  |
| AAR Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1156  | 135449 |
| Alamo Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375  | 80074 |
| Albany International Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 977  | 56324 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| The Western Union Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10965  | $105593<br>|
| WisdomTree Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4321  | 73932 |
|  |  | 2305970 |
| *Insurance (2.76%)* |  |  |
| AMERISAFE Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707  | 22999 |
| Assured Guaranty Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1460  | 125867 |
| Employers Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 765  | 31633 |
| Genworth Financial Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13395  | 113054 |
| Goosehead Insurance Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 884  | 47913 |
| HCI Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 329  | 58042 |
| Horace Mann Educators Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1381  | 60087 |
| Jackson Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2273  | 248846 |
| Lincoln National Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5506  | 188856 |
| Mercury General Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 954  | 86413 |
| NMI Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2531  | 99494 |
| Palomar Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 897  | 110968 |
| ProAssurance Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1867  | 45835 |
| Safety Insurance Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 576  | 44715 |
| SiriusPoint Ltd\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3428  | 72468 |
| Stewart Information Services Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950  | 67441 |
| Trupanion Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300  | 34502 |
| United Fire Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 744  | 28912 |
|  |  | 1488045 |
| *Investment Companies (0.65%)* | *Investment Companies (0.65%)* |  |
| Cleanspark Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9173  | 91271 |
| HA Sustainable Infrastructure Capital Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4311  | 157438 |
| MARA Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11494  | 102756 |
|  |  | 351465 |
| *Real Estate (7.88%)* |  |  |
| Acadia Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4113  | 86044 |
| Adamas Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2865  | 23608 |
| AH Realty Trust Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3138  | 19613 |
| Alexander & Baldwin Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2836  | 58960 |
| American Assets Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1855  | 36210 |
| Apollo Commercial Real Estate Finance Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4907  | 52014 |
| Apple Hospitality REIT Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8157  | 100005 |
| Arbor Realty Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7181  | 56945 |
| ARMOUR Residential REIT Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2976  | 53419 |
| Blackstone Mortgage Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5204  | 99969 |
| CareTrust REIT Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7479  | 303797 |
| Centerspace | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 663  | 41703 |
| Curbline Properties Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500  | 97335 |
| Cushman & Wakefield Ltd\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7831  | 105014 |
| DiamondRock Hospitality Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6958  | 69858 |
| Douglas Emmett Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6121  | 60537 |
| Easterly Government Properties Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500  | 34920 |
| Ellington Financial Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3507  | 43557 |
| Essential Properties Realty Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6621  | 224717 |
| eXp World Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3302  | 23015 |
| Four Corners Property Trust Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3618  | 92331 |

---

**S&P SmallCap Index Fund** **Portfolio of Investments (Continued) 2/28/26**<br>

**S&P SmallCap Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Plexus Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 880  | $170834<br>|
| Powell Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318  | 166505 |
| Primoris Services Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1795  | 270542 |
| Proto Labs Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 801  | 49726 |
| Ralliant Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3679  | 168829 |
| RXO Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000  | 79800 |
| Sanmina Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1739  | 269997 |
| Schneider National Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1836  | 52106 |
| Sealed Air Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4800  | 201024 |
| Standex International Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 393  | 102966 |
| Tennant Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 627  | 38266 |
| Trinity Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2744  | 93790 |
| Vicor Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 777  | 156488 |
| Vishay Intertechnology Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4316  | 80796 |
| Werner Enterprises Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2031  | 71268 |
| World Kinect Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2105  | 52520 |
| Worthington Enterprises Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1172  | 65644 |
| Worthington Steel Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1108  | 46048 |
| Zurn Elkay Water Solutions Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5076  | 258774 |
|  |  | 9492915 |
| **Technology (7.70%)** |  |  |
| ACI Worldwide Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3367  | 133603 |
| ACM Research Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1753  | 97607 |
| Adeia Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3731  | 77194 |
| Agilysys Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 839  | 60551 |
| Alpha & Omega Semiconductor Ltd\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927  | 19476 |
| Amentum Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4826  | 144153 |
| Axcelis Technologies Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1025  | 84675 |
| BlackLine Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1702  | 59996 |
| Box Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4726  | 111297 |
| Clear Secure Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2831  | 137700 |
| Cohu Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1585  | 47867 |
| CSG Systems International Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1009  | 80619 |
| Digi International Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1375  | 67128 |
| DigitalOcean Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2256  | 126471 |
| Diodes Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1515  | 103368 |
| Donnelley Financial Solutions Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 986  | 49063 |
| DoubleVerify Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5089  | 53638 |
| DXC Technology Co\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5933  | 74696 |
| FormFactor Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2516  | 248782 |
| Grid Dynamics Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2423  | 16355 |
| Impinj Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 845  | 103648 |
| Insight Enterprises Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1029  | 85983 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| Kulicke & Soffa Industries Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1895  | $132119<br>|
| LiveRamp Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2484  | 67490 |
| MaxLinear Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2880  | 50198 |
| N-able Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2748  | 12091 |
| NCR Atleos Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2638  | 116811 |
| NCR Voyix Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5336  | 40767 |
| NetScout Systems Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2228  | 65080 |
| PDF Solutions Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1090  | 36820 |
| Penguin Solutions Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1860  | 38651 |
| Photronics Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2042  | 76432 |
| Pitney Bowes Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5044  | 54122 |
| Power Integrations Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1862  | 89227 |
| Progress Software Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1571  | 65793 |
| Qorvo Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2751  | 228058 |
| RingCentral Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2598  | 94697 |
| Schrodinger Inc/United States\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2104  | 25374 |
| Semtech Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2827  | 255052 |
| SiTime Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740  | 294431 |
| SPS Commerce Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1237  | 69903 |
| Teradata Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3208  | 101020 |
| Ultra Clean Holdings Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1539  | 93387 |
| Veeco Instruments Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2042  | 62404 |
| Waystar Holding Corp\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3829  | 98214 |
| **Total Technology** |  | 4152011 |
| **Utilities (2.29%)** |  |  |
| American States Water Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1381  | 102926 |
| Avista Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2926  | 118854 |
| California Water Service Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1944  | 87636 |
| Chesapeake Utilities Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 832  | 113127 |
| Clearway Energy Inc - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1351  | 48663 |
| Clearway Energy Inc - Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2827  | 108302 |
| H2O America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1162  | 62504 |
| Hawaiian Electric Industries Inc\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5687  | 88092 |
| MDU Resources Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6668  | 137894 |
| MGE Energy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1240  | 101705 |
| Middlesex Water Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 674  | 36396 |
| Northwest Natural Holding Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1515  | 80356 |
| Otter Tail Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1367  | 116332 |
| Unitil Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 603  | 31543 |
| **Total Utilities** |  | 1234330 |
| **Total Common Stock (Cost $38,478,210)** |  | 53367539 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares**  | **Value** |
| **United States Treasury Bills (0.92%)** | **United States Treasury Bills (0.92%)** | **United States Treasury Bills (0.92%)** |
| United States Treasury Bill, 0.000%, 03/19/26<sup>(a)</sup>(Cost $499,100) | 500000  | 499143 |
| **Right (0.00%)** |  |  |
| OmniAb Inc - 15\*<sup>,(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401  |  |
| OmniAb Inc - 12.5\*<sup>,(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401  |  |
| Total Right (Cost $0) |  |  |
| **Total Investments (Cost $38,977,310) (99.95%)** | **Total Investments (Cost $38,977,310) (99.95%)** | $53866682<br>|
| **Other Net Assets (0.05%)** | **Other Net Assets (0.05%)** | 25307 |
| **Net Assets (100.00%)** | **Net Assets (100.00%)** | $53891989<br>|

---

\*Non-income producing security.

(a)A portion of these securities, a total of $99,829, have been pledged or segregated in connection with obligations for futures contracts.

(b)Level 3 security fair valued under procedures utilized by the valuation designee, represents 0% of net assets. The total value of the fair value securities is $0.

**Futures contracts at February 28, 2026:** Contracts - $50 times premium / delivery month / commitment / exchange

---

| | | | |
|:---|:---|:---|:---|
| **Russell <br>2000 E-MINI** | **Notional Amount**  | **Value**  | **Unrealized Depreciation**  |
| 3 / MAR 2026 / Long / CME | $400175<br>| $395205<br>| $(4970) |

---

**Shelton Equity Income Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

**Shelton Equity Income Fund** **Portfolio of Investments (Unaudited) 2/28/26**<br>

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| **Common Stock (86.50%)** | **Common Stock (86.50%)** |  |
| **Basic Materials (2.11%)** | **Basic Materials (2.11%)** |  |
| CF Industries Holdings Inc<sup>(a)</sup> | 89700 | $8928738<br>|
| Linde PLC<sup>(a)</sup> | 20600 | 10466448 |
| Nucor Corp<sup>(a)</sup> | 16700 | 2953896 |
| **Total Basic Materials** | **Total Basic Materials** | 22349082 |
| **Communications (16.87%)** | **Communications (16.87%)** |  |
| Alphabet Inc<sup>(a)</sup> | 89900 | 28027224 |
| Amazon.com Inc\*<sup>,(a)</sup> | 75900 | 15939000 |
| Arista Networks Inc\*<sup>,(a)</sup> | 147900 | 19744650 |
| AT&T Inc<sup>(a)</sup> | 198400 | 5557184 |
| Booking Holdings Inc<sup>(a)</sup> | 1600 | 6782960 |
| Cisco Systems Inc<sup>(a)</sup> | 84100 | 6682586 |
| Comcast Corp<sup>(a)</sup> | 435400 | 13479984 |
| eBay Inc<sup>(a)</sup> | 56900 | 5169934 |
| Meta Platforms Inc<sup>(a)</sup> | 40200 | 26056836 |
| Netflix Inc\*<sup>,(a)</sup> | 143000 | 13762320 |
| Palo Alto Networks Inc\*<sup>,(a)</sup> | 67400 | 10037208 |
| T-Mobile US Inc<sup>(a)</sup> | 7700 | 1671593 |
| Uber Technologies Inc\*<sup>,(a)</sup> | 46800 | 3529656 |
| Verizon Communications Inc<sup>(a)</sup> | 60700 | 3043498 |
| Versant Media Group Inc\*<sup>,(a)</sup> | 17416 | 580301 |
| The Walt Disney Co<sup>(a)</sup> | 179800 | 19065992 |
| **Total Communications** | **Total Communications** | 179130926 |
| **Consumer, Cyclical (9.05%)** | **Consumer, Cyclical (9.05%)** |  |
| Amerityre Corp\*<sup>,#</sup> | 20000000 | 760000 |
| AutoZone Inc\*<sup>,(a)</sup> | 1400 | 5257812 |
| Chipotle Mexican Grill Inc\*<sup>,(a)</sup> | 154000 | 5731880 |
| Costco Wholesale Corp<sup>(a)</sup> | 4800 | 4851792 |
| Cummins Inc<sup>(a)</sup> | 6100 | 3561607 |
| Deckers Outdoor Corp\*<sup>,(a)</sup> | 29400 | 3447738 |
| Domino's Pizza Inc<sup>(a)</sup> | 1900 | 764769 |
| DR Horton Inc<sup>(a)</sup> | 33000 | 5292870 |
| Fastenal Co<sup>(a)</sup> | 61400 | 2826856 |
| General Motors Co<sup>(a)</sup> | 112200 | 8831262 |
| Hilton Worldwide Holdings Inc<sup>(a)</sup> | 9200 | 2868376 |
| The Home Depot Inc<sup>(a)</sup> | 29500 | 11231240 |
| NIKE Inc<sup>(a)</sup> | 22100 | 1374178 |
| O'Reilly Automotive Inc\*<sup>,(a)</sup> | 61000 | 5726680 |
| Target Corp<sup>(a)</sup> | 12700 | 1445133 |
| Tesla Inc\*<sup>,(a)</sup> | 19400 | 7808694 |
| The TJX Cos Inc<sup>(a)</sup> | 39400 | 6369404 |
| Ulta Beauty Inc\*<sup>,(a)</sup> | 15000 | 10271850 |
| Walmart Inc<sup>(a)</sup> | 60000 | 7677000 |
| **Total Consumer, Cyclical** | **Total Consumer, Cyclical** | 96099141 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| **Consumer, Non-Cyclical (11.90%)** | **Consumer, Non-Cyclical (11.90%)** | **Consumer, Non-Cyclical (11.90%)** |
| Abbott Laboratories<sup>(a)</sup> | 46300 | $5387005<br>|
| AbbVie Inc<sup>(a)</sup> | 2200 | 510576 |
| Amgen Inc<sup>(a)</sup> | 8300 | 3221728 |
| Automatic Data Processing Inc<sup>(a)</sup> | 6500 | 1393340 |
| Bristol-Myers Squibb Co<sup>(a)</sup> | 221200 | 13796244 |
| Centene Corp\*<sup>,(a)</sup> | 42800 | 1920864 |
| The Coca-Cola Co<sup>(a)</sup> | 36100 | 2944316 |
| Colgate-Palmolive Co<sup>(a)</sup> | 40000 | 3965600 |
| Constellation Brands Inc<sup>(a)</sup> | 15100 | 2383686 |
| CVS Health Corp<sup>(a)</sup> | 94100 | 7518590 |
| Eli Lilly & Co<sup>(a)</sup> | 12400 | 13044676 |
| Global Payments Inc<sup>(a)</sup> | 19500 | 1490970 |
| The Hershey Co<sup>(a)</sup> | 18700 | 4418436 |
| Humana Inc<sup>(a)</sup> | 11200 | 2134048 |
| Intuitive Surgical Inc\*<sup>,(a)</sup> | 20600 | 10372306 |
| Johnson & Johnson<sup>(a)</sup> | 18700 | 4645641 |
| Merck & Co Inc<sup>(a)</sup> | 81300 | 10066566 |
| Molson Coors Beverage Co<sup>(a)</sup> | 34100 | 1670559 |
| Monster Beverage Corp\*<sup>,(a)</sup> | 72300 | 6167190 |
| PayPal Holdings Inc<sup>(a)</sup> | 113300 | 5235593 |
| Pfizer Inc<sup>(a)</sup> | 119900 | 3315235 |
| The Procter & Gamble Co<sup>(a)</sup> | 14700 | 2457840 |
| Regeneron Pharmaceuticals Inc<sup>(a)</sup> | 5500 | 4299185 |
| S&P Global Inc<sup>(a)</sup> | 500 | 220940 |
| Stryker Corp<sup>(a)</sup> | 6200 | 2402252 |
| Thermo Fisher Scientific Inc<sup>(a)</sup> | 4500 | 2344995 |
| UnitedHealth Group Inc<sup>(a)</sup> | 20600 | 6041362 |
| Vertex Pharmaceuticals Inc\*<sup>,(a)</sup> | 5900 | 2931297 |
| **Total Consumer, Non-Cyclical** | **Total Consumer, Non-Cyclical** | 126301040 |
| **Energy (2.69%)** |  |  |
| Chevron Corp<sup>(a)</sup> | 29400 | 5490744 |
| ConocoPhillips<sup>(a)</sup> | 59000 | 6694140 |
| Devon Energy Corp<sup>(a)</sup> | 58500 | 2546505 |
| Exxon Mobil Corp<sup>(a)</sup> | 61700 | 9409250 |
| Halliburton Co<sup>(a)</sup> | 124000 | 4464000 |
| **Total Energy** |  | 28604639 |
| **Financial (12.08%)** |  |  |
| *Banks (4.50%)* |  |  |
| Bank of America Corp<sup>(a)</sup> | 127900 | 6373257 |
| Citigroup Inc<sup>(a)</sup> | 116300 | 12815097 |
| The Goldman Sachs Group Inc<sup>(a)</sup> | 13900 | 11948023 |
| JPMorgan Chase & Co<sup>(a)</sup> | 24900 | 7477470 |
| The PNC Financial Services Group Inc<sup>(a)</sup> | 20500 | 4353175 |
| Truist Financial Corp<sup>(a)</sup> | 83700 | 4127247 |
| Wells Fargo & Co<sup>(a)</sup> | 8800 | 716760 |
|  |  | 47811029 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| *Diversified Financial Service (3.52%)* | *Diversified Financial Service (3.52%)* |  |
| American Express Co<sup>(a)</sup> | 38000 | $11738200<br>|
| The Charles Schwab Corp<sup>(a)</sup> | 94800 | 9024960 |
| Mastercard Inc<sup>(a)</sup> | 31200 | 16136952 |
| Nasdaq Inc<sup>(a)</sup> | 6000 | 525480 |
|  |  | 37425592 |
| *Insurance (2.38%)* |  |  |
| Berkshire Hathaway Inc\*<sup>,(a)</sup> | 16900 | 8533655 |
| The Progressive Corp<sup>(a)</sup> | 23400 | 4999644 |
| The Travelers Cos Inc<sup>(a)</sup> | 38100 | 11759184 |
|  |  | 25292483 |
| *Real Estate (1.67%)* |  |  |
| American Tower Corp<sup>(a)</sup> | 4600 | 882556 |
| CBRE Group Inc\*<sup>,(a)</sup> | 88300 | 13038378 |
| Iron Mountain Inc<sup>(a)</sup> | 24000 | 2599920 |
| Prologis Inc<sup>(a)</sup> | 5600 | 798392 |
| Simon Property Group Inc<sup>(a)</sup> | 2200 | 448470 |
|  |  | 17767716 |
| **Total Financial** |  | 128296820 |
| **Industrial (7.12%)** |  |  |
| Amphenol Corp<sup>(a)</sup> | 41900 | 6119914 |
| The Boeing Co\*<sup>,(a)</sup> | 10800 | 2457324 |
| Caterpillar Inc<sup>(a)</sup> | 21100 | 15673713 |
| Deere & Co<sup>(a)</sup> | 9500 | 5982245 |
| General Dynamics Corp<sup>(a)</sup> | 11000 | 3927550 |
| Ingersoll Rand Inc<sup>(a)</sup> | 64100 | 6034374 |
| Norfolk Southern Corp<sup>(a)</sup> | 5000 | 1573700 |
| RTX Corp<sup>(a)</sup> | 36200 | 7334844 |
| Trane Technologies PLC<sup>(a)</sup> | 36700 | 16967144 |
| Union Pacific Corp<sup>(a)</sup> | 19800 | 5246604 |
| Waste Management Inc<sup>(a)</sup> | 17600 | 4238784 |
| **Total Industrial** |  | 75556196 |
| **Technology (22.20%)** |  |  |
| Accenture PLC<sup>(a)</sup> | 35300 | 7367816 |
| Adobe Inc\*<sup>,(a)</sup> | 15100 | 3962391 |
| Advanced Micro Devices Inc\*<sup>,(a)</sup> | 54100 | 10831361 |
| Apple Inc<sup>(a)</sup> | 70100 | 18519018 |
| Broadcom Inc<sup>(a)</sup> | 72400 | 23135420 |
| Cadence Design Systems Inc\*<sup>,(a)</sup> | 33700 | 10157180 |
| Crowdstrike Holdings Inc\*<sup>,(a)</sup> | 7200 | 2678256 |
| Fidelity National Information Services Inc<sup>(a)</sup> | 17900 | 912184 |
| Gartner Inc\*<sup>,(a)</sup> | 7900 | 1241880 |
| Hewlett Packard Enterprise Co<sup>(a)</sup> | 244000 | 5238680 |
| International Business Machines Corp<sup>(a)</sup> | 37800 | 9079938 |
| Intuit Inc<sup>(a)</sup> | 12100 | 4949263 |

---

**Shelton Equity Income Fund** **Portfolio of Investments (Continued) 2/28/26**<br>

**Shelton Equity Income Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| Jack Henry & Associates Inc<sup>(a)</sup> | 600 | $97476<br>|
| Lam Research Corp<sup>(a)</sup> | 42800 | 10010492 |
| Leidos Holdings Inc<sup>(a)</sup> | 26400 | 4622640 |
| Micron Technology Inc<sup>(a)</sup> | 40300 | 16618511 |
| Microsoft Corp<sup>(a)</sup> | 58000 | 22778920 |
| MSCI Inc<sup>(a)</sup> | 3300 | 1887039 |
| NetApp Inc<sup>(a)</sup> | 101500 | 10051545 |
| NVIDIA Corp<sup>(a)</sup> | 194400 | 34445736 |
| NXP Semiconductors NV<sup>(a)</sup> | 52400 | 11895324 |
| Oracle Corp<sup>(a)</sup> | 36300 | 5278020 |
| Salesforce Inc<sup>(a)</sup> | 58200 | 11336778 |
| ServiceNow Inc\*<sup>,(a)</sup> | 33000 | 3564330 |
| Skyworks Solutions Inc<sup>(a)</sup> | 16900 | 1006902 |
| Synopsys Inc\*<sup>,(a)</sup> | 1000 | 414000 |
| Texas Instruments Inc<sup>(a)</sup> | 17400 | 3690714 |
| **Total Technology** |  | 235771814 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| **Utilities (2.49%)** |  |  |
| American Water Works Co Inc<sup>(a)</sup> | 21700 | $2951851<br>|
| Constellation Energy Corp<sup>(a)</sup> | 34200 | 11281896 |
| NextEra Energy Inc<sup>(a)</sup> | 68100 | 6385737 |
| NRG Energy Inc<sup>(a)</sup> | 14500 | 2594920 |
| Vistra Corp<sup>(a)</sup> | 18400 | 3199576 |
| **Total Utilities** |  | 26413980 |
| **Total Common Stock <br>(Cost $926,117,361)** | **Total Common Stock <br>(Cost $926,117,361)** | 918523638 |
| **Exchange-Traded Funds (4.02%)** | **Exchange-Traded Funds (4.02%)** | **Exchange-Traded Funds (4.02%)** |
| Shelton Equity Premium Income ETF <br>(Cost $42,748,387) | 1642500 | 42622875 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| **United States Treasury Bills (9.21%)** | **United States Treasury Bills (9.21%)** | **United States Treasury Bills (9.21%)** |
| **United States Treasury Bill, 0.000%, 03/19/26 (Cost $97,824,373)** | 98000000 | $97831977<br>|
| **Total Investments (Cost $1,066,690,120) (99.73%)** |  | 1058978490 |
| **Other Net Assets (0.27%)** |  | 2855513 |
| **Net Assets (100.00%)** |  | $1061834003<br>|

---

\*Non-income producing security.

#Security is illiquid. Aggregate value of illiquid securities is $710,000.

(a)A portion of these securities, a total of $917,763,638, have been pledged or segregated in connection with obligations for futures contracts.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Written Call Options** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Expiration Date**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Contracts**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Strike Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Notional Amount**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| Abbott Laboratories | 03/20/2026 | (243) | $120.00<br>| $2916000<br>| $(24300) |
| AbbVie Inc | 03/20/2026 | (22) | 225.00 | 495000 | (20790) |
| Accenture PLC | 03/20/2026 | (90) | 300.00 | 2700000 | (225) |
| Adobe Inc | 03/20/2026 | (20) | 280.00 | 560000 | (14420) |
| Advanced Micro Devices Inc | 03/20/2026 | (100) | 220.00 | 2200000 | (34500) |
| Alphabet Inc | 03/20/2026 | (280) | 320.00 | 8960000 | (162400) |
| Amazon.com Inc | 03/20/2026 | (200) | 215.00 | 4300000 | (91000) |
| American Express Co | 03/20/2026 | (105) | 345.00 | 3622500 | (17430) |
| American Tower Corp | 03/20/2026 | (15) | 190.00 | 285000 | (7875) |
| American Water Works Co Inc | 03/20/2026 | (50) | 135.00 | 675000 | (17500) |
| Amgen Inc | 03/20/2026 | (83) | 380.00 | 3154000 | (124500) |
| Amphenol Corp | 03/20/2026 | (81) | 155.00 | 1255500 | (25191) |
| Apple Inc | 03/20/2026 | (240) | 280.00 | 6720000 | (34080) |
| Arista Networks Inc | 03/20/2026 | (325) | 140.00 | 4550000 | (130000) |
| AT&T Inc | 03/20/2026 | (540) | 28.00 | 1512000 | (31320) |
| Automatic Data Processing Inc | 03/20/2026 | (15) | 280.00 | 420000 | (1650) |
| AutoZone Inc | 03/20/2026 | (3) | 3760.00 | 1128000 | (45180) |
| Bank of America Corp | 03/20/2026 | (275) | 52.50 | 1443750 | (12100) |
| Berkshire Hathaway Inc | 03/20/2026 | (90) | 510.00 | 4590000 | (64350) |
| The Boeing Co | 03/20/2026 | (108) | 245.00 | 2646000 | (16956) |
| Booking Holdings Inc | 03/20/2026 | (5) | 5400.00 | 2700000 | (4325) |
| Bristol-Myers Squibb Co | 03/20/2026 | (850) | 55.00 | 4675000 | (624750) |
| Broadcom Inc | 03/20/2026 | (100) | 340.00 | 3400000 | (116000) |
| Cadence Design Systems Inc | 03/20/2026 | (65) | 310.00 | 2015000 | (35750) |
| Caterpillar Inc | 03/20/2026 | (40) | 770.00 | 3080000 | (56520) |
| CBRE Group Inc | 03/20/2026 | (225) | 155.00 | 3487500 | (42750) |
| Centene Corp | 03/20/2026 | (100) | 50.00 | 500000 | (3100) |
| CF Industries Holdings Inc | 03/20/2026 | (140) | 85.00 | 1190000 | (189280) |
| The Charles Schwab Corp | 03/20/2026 | (300) | 100.00 | 3000000 | (27300) |
| Chevron Corp | 03/20/2026 | (75) | 190.00 | 1425000 | (28875) |
| Chipotle Mexican Grill Inc | 03/20/2026 | (200) | 40.00 | 800000 | (6800) |
| Cisco Systems Inc | 03/20/2026 | (275) | 80.00 | 2200000 | (45375) |
| Citigroup Inc | 03/20/2026 | (300) | 110.00 | 3300000 | (129000) |
| The Coca-Cola Co | 03/20/2026 | (250) | 82.50 | 2062500 | (20500) |
| Colgate-Palmolive Co | 05/15/2026 | (150) | 95.00 | 1425000 | (97500) |
| Comcast Corp | 04/17/2026 | (1000) | 32.50 | 3250000 | (63000) |
| ConocoPhillips | 03/20/2026 | (265) | 120.00 | 3180000 | (44520) |

---

**See accompanying notes to financial statements.**

**Shelton Equity Income Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Written Call Options** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Expiration Date**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Contracts**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Strike Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Notional Amount**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| Constellation Brands Inc | 03/20/2026 | (25) | $155.00<br>| $387500<br>| $(14500) |
| Constellation Energy Corp | 03/20/2026 | (65) | 340.00 | 2210000 | (67145) |
| Costco Wholesale Corp | 03/20/2026 | (15) | 1030.00 | 1545000 | (30630) |
| Crowdstrike Holdings Inc | 03/20/2026 | (15) | 415.00 | 622500 | (8910) |
| Cummins Inc | 03/20/2026 | (25) | 610.00 | 1525000 | (20825) |
| CVS Health Corp | 03/20/2026 | (450) | 82.50 | 3712500 | (51750) |
| Deckers Outdoor Corp | 04/17/2026 | (55) | 130.00 | 715000 | (11550) |
| Deere & Co | 03/20/2026 | (35) | 645.00 | 2257500 | (36225) |
| Devon Energy Corp | 03/20/2026 | (140) | 42.50 | 595000 | (31500) |
| Domino's Pizza Inc | 03/20/2026 | (5) | 420.00 | 210000 | (1875) |
| DR Horton Inc | 03/20/2026 | (70) | 175.00 | 1225000 | (9940) |
| eBay Inc | 03/20/2026 | (175) | 92.50 | 1618750 | (33425) |
| Eli Lilly & Co | 03/20/2026 | (35) | 1060.00 | 3710000 | (110215) |
| Exxon Mobil Corp | 03/20/2026 | (160) | 155.00 | 2480000 | (65120) |
| Fastenal Co | 03/20/2026 | (175) | 45.00 | 787500 | (32375) |
| Fidelity National Information Services Inc | 03/20/2026 | (20) | 52.50 | 105000 | (2000) |
| Gartner Inc | 04/17/2026 | (20) | 190.00 | 380000 | (5600) |
| General Dynamics Corp | 03/20/2026 | (50) | 360.00 | 1800000 | (45000) |
| General Motors Co | 03/20/2026 | (220) | 82.50 | 1815000 | (21120) |
| Global Payments Inc | 04/17/2026 | (40) | 85.00 | 340000 | (5000) |
| The Goldman Sachs Group Inc | 03/20/2026 | (40) | 960.00 | 3840000 | (14000) |
| Halliburton Co | 03/20/2026 | (380) | 36.00 | 1368000 | (52820) |
| The Hershey Co | 03/20/2026 | (25) | 220.00 | 550000 | (45975) |
| Hewlett Packard Enterprise Co | 03/20/2026 | (420) | 22.50 | 945000 | (36960) |
| Hilton Worldwide Holdings Inc | 03/20/2026 | (30) | 325.00 | 975000 | (9000) |
| The Home Depot Inc | 03/20/2026 | (68) | 385.00 | 2618000 | (44200) |
| Humana Inc | 03/20/2026 | (35) | 310.00 | 1085000 | (2975) |
| Ingersoll Rand Inc | 03/20/2026 | (150) | 95.00 | 1425000 | (36000) |
| International Business Machines Corp | 03/20/2026 | (98) | 255.00 | 2499000 | (30380) |
| Intuit Inc | 03/20/2026 | (15) | 430.00 | 645000 | (15210) |
| Intuitive Surgical Inc | 03/20/2026 | (70) | 525.00 | 3675000 | (40600) |
| Iron Mountain Inc | 03/20/2026 | (240) | 100.00 | 2400000 | (240000) |
| Jack Henry & Associates Inc | 03/20/2026 | (6) | 165.00 | 99000 | (1665) |
| Johnson & Johnson | 03/20/2026 | (80) | 250.00 | 2000000 | (40000) |
| JPMorgan Chase & Co | 03/20/2026 | (90) | 315.00 | 2835000 | (23490) |
| Lam Research Corp | 03/20/2026 | (60) | 255.00 | 1530000 | (42900) |
| Leidos Holdings Inc | 04/17/2026 | (95) | 190.00 | 1805000 | (21375) |
| Linde PLC | 03/20/2026 | (150) | 450.00 | 6750000 | (890250) |
| Mastercard Inc | 03/20/2026 | (66) | 530.00 | 3498000 | (44880) |
| Merck & Co Inc | 03/20/2026 | (415) | 125.00 | 5187500 | (95450) |
| Meta Platforms Inc | 03/20/2026 | (110) | 680.00 | 7480000 | (75350) |
| Micron Technology Inc | 03/20/2026 | (55) | 465.00 | 2557500 | (64900) |
| Microsoft Corp | 03/20/2026 | (100) | 415.00 | 4150000 | (29300) |
| Molson Coors Beverage Co | 03/20/2026 | (100) | 50.00 | 500000 | (8000) |
| Monster Beverage Corp | 03/20/2026 | (180) | 90.00 | 1620000 | (11340) |
| MSCI Inc | 03/20/2026 | (33) | 600.00 | 1980000 | (20460) |
| Nasdaq Inc | 04/17/2026 | (20) | 95.00 | 190000 | (2300) |
| NetApp Inc | 03/20/2026 | (400) | 115.00 | 4600000 | (10000) |
| Netflix Inc | 03/20/2026 | (390) | 92.00 | 3588000 | (250770) |
| NextEra Energy Inc | 03/20/2026 | (510) | 87.50 | 4462500 | (310590) |
| NIKE Inc | 03/20/2026 | (70) | 67.50 | 472500 | (3500) |
| Norfolk Southern Corp | 03/20/2026 | (20) | 320.00 | 640000 | (9100) |
| NRG Energy Inc | 03/20/2026 | (28) | 190.00 | 532000 | (7560) |
| Nucor Corp | 03/20/2026 | (50) | 185.00 | 925000 | (14000) |
| NVIDIA Corp | 03/20/2026 | (510) | 200.00 | 10200000 | (77520) |
| NXP Semiconductors NV | 03/20/2026 | (294) | 240.00 | 7056000 | (103782) |
| Oracle Corp | 03/20/2026 | (70) | 175.00 | 1225000 | (17150) |

---

**See accompanying notes to financial statements.**

**Shelton Equity Income Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Written Call Options** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Expiration Date**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Contracts**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Strike Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Notional Amount**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| O'Reilly Automotive Inc | 03/20/2026 | (215) | $94.67<br>| $2035405<br>| $(48375) |
| Palo Alto Networks Inc | 03/20/2026 | (210) | 160.00 | 3360000 | (37380) |
| PayPal Holdings Inc | 03/20/2026 | (200) | 50.00 | 1000000 | (14000) |
| Pfizer Inc | 04/17/2026 | (400) | 29.00 | 1160000 | (19200) |
| The PNC Financial Services Group Inc | 03/20/2026 | (100) | 230.00 | 2300000 | (10000) |
| The Procter & Gamble Co | 04/17/2026 | (81) | 160.00 | 1296000 | (78246) |
| The Progressive Corp | 04/17/2026 | (100) | 230.00 | 2300000 | (32500) |
| Prologis Inc | 03/20/2026 | (56) | 145.00 | 812000 | (10248) |
| Regeneron Pharmaceuticals Inc | 03/20/2026 | (20) | 755.00 | 1510000 | (92400) |
| RTX Corp | 03/20/2026 | (150) | 210.00 | 3150000 | (49500) |
| S&P Global Inc | 04/17/2026 | (5) | 510.00 | 255000 | (1088) |
| Salesforce Inc | 03/20/2026 | (75) | 210.00 | 1575000 | (20775) |
| ServiceNow Inc | 03/20/2026 | (30) | 115.00 | 345000 | (7710) |
| Simon Property Group Inc | 04/17/2026 | (11) | 210.00 | 231000 | (3289) |
| Skyworks Solutions Inc | 04/17/2026 | (30) | 67.50 | 202500 | (3150) |
| Stryker Corp | 03/20/2026 | (35) | 400.00 | 1400000 | (10500) |
| Synopsys Inc | 04/17/2026 | (10) | 510.00 | 510000 | (4600) |
| Target Corp | 03/20/2026 | (30) | 120.00 | 360000 | (10290) |
| Tesla Inc | 03/20/2026 | (45) | 430.00 | 1935000 | (24750) |
| Texas Instruments Inc | 03/20/2026 | (50) | 190.00 | 950000 | (110450) |
| Thermo Fisher Scientific Inc | 04/17/2026 | (45) | 570.00 | 2565000 | (22050) |
| The TJX Cos Inc | 03/20/2026 | (110) | 160.00 | 1760000 | (41250) |
| T-Mobile US Inc | 03/20/2026 | (25) | 220.00 | 550000 | (10625) |
| Trane Technologies PLC | 03/20/2026 | (140) | 470.00 | 6580000 | (98000) |
| The Travelers Cos Inc | 03/20/2026 | (125) | 310.00 | 3875000 | (72500) |
| Truist Financial Corp | 03/20/2026 | (225) | 52.50 | 1181250 | (8775) |
| Uber Technologies Inc | 03/20/2026 | (150) | 80.00 | 1200000 | (13050) |
| Ulta Beauty Inc | 03/20/2026 | (25) | 730.00 | 1825000 | (37375) |
| Union Pacific Corp | 03/20/2026 | (60) | 272.50 | 1635000 | (17400) |
| UnitedHealth Group Inc | 03/20/2026 | (50) | 400.00 | 2000000 | (150) |
| Verizon Communications Inc | 03/20/2026 | (200) | 50.00 | 1000000 | (23000) |
| Vertex Pharmaceuticals Inc | 03/20/2026 | (17) | 490.00 | 833000 | (39440) |
| Vistra Corp | 03/20/2026 | (70) | 200.00 | 1400000 | (10290) |
| Walmart Inc | 03/20/2026 | (290) | 130.00 | 3770000 | (68150) |
| The Walt Disney Co | 03/20/2026 | (1200) | 120.00 | 14400000 | (14400) |
| Waste Management Inc | 03/20/2026 | (100) | 240.00 | 2400000 | (50000) |
| Wells Fargo & Co | 03/20/2026 | (88) | 90.00 | 792000 | (2816) |
| **Total Written Call Options**  |  |  |  | $271630155<br>| $(6877291) |
| **(Premiums Received $6,098,463)** |  |  |  |  |  |

---

**Nasdaq 100 Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

**Nasdaq 100 Index Fund** **Portfolio of Investments (Unaudited) 2/28/26**<br>

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| **Common Stock (99.05%)** | **Common Stock (99.05%)** |  |
| **Basic Materials (1.26%)** | **Basic Materials (1.26%)** |  |
| Linde PLC | 49940 | $25373515<br>|
| **Communications (25.62%)** | **Communications (25.62%)** |  |
| *Internet (21.28%)* |  |  |
| Airbnb Inc\* | 45485 | 6145478 |
| Alphabet Inc - Class A | 225390 | 70267586 |
| Alphabet Inc - Class C | 209468 | 65234619 |
| Amazon.com Inc\* | 414141 | 86969610 |
| AppLovin Corp\* | 32897 | 14302629 |
| Booking Holdings Inc | 3447 | 14613039 |
| DoorDash Inc\* | 43932 | 7752680 |
| MercadoLibre Inc\* | 5422 | 9529599 |
| Meta Platforms Inc | 113773 | 73745383 |
| Netflix Inc\* | 453180 | 43614043 |
| Palo Alto Networks Inc\* | 74543 | 11100944 |
| PDD Holdings Inc\* | 72215 | 7490862 |
| Shopify Inc\* | 130756 | 15786172 |
|  |  | 426552644 |
| *Media (1.38%)* |  |  |
| Charter Communications Inc\* | 13991 | 3282708 |
| Comcast Corp | 388703 | 12034245 |
| Thomson Reuters Corp | 48775 | 4702398 |
| Warner Bros Discovery Inc\* | 267917 | 7547222 |
|  |  | 27566573 |
| *Telecommunications (2.97%)* | *Telecommunications (2.97%)* |  |
| Cisco Systems Inc | 422568 | 33577253 |
| T-Mobile US Inc | 119624 | 25969174 |
|  |  | 59546427 |
| **Total Communications** | **Total Communications** | 513665644 |
| **Consumer, Cyclical (12.31%)** | **Consumer, Cyclical (12.31%)** |  |
| Copart Inc\* | 104661 | 3986537 |
| Costco Wholesale Corp | 47397 | 47908414 |
| Fastenal Co | 122782 | 5652883 |
| Marriott International Inc | 28700 | 9807651 |
| O'Reilly Automotive Inc\* | 91264 | 8567864 |
| PACCAR Inc | 56784 | 7159895 |
| Ross Stores Inc | 34782 | 7152570 |
| Starbucks Corp | 121612 | 11920408 |
| Tesla Inc\* | 193356 | 77827724 |
| Walmart Inc | 522688 | 66877930 |
| **Total Consumer, Cyclical** | **Total Consumer, Cyclical** | 246861876 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| **Consumer, Non-Cyclical (9.27%)** | **Consumer, Non-Cyclical (9.27%)** | **Consumer, Non-Cyclical (9.27%)** |
| Alnylam Pharmaceuticals Inc\* | 14129 | $4703827<br>|
| Amgen Inc | 57590 | 22354134 |
| Automatic Data Processing Inc | 43728 | 9373534 |
| Cintas Corp | 43449 | 8738897 |
| Coca-Cola Europacific Partners PLC | 49540 | 5470702 |
| Dexcom Inc\* | 41712 | 3062912 |
| GE HealthCare Technologies Inc | 49250 | 4150298 |
| Gilead Sciences Inc | 132690 | 19764176 |
| IDEXX Laboratories Inc\* | 8540 | 5608474 |
| Insmed Inc\* | 23059 | 3443400 |
| Intuitive Surgical Inc\* | 37913 | 19089575 |
| Keurig Dr Pepper Inc | 146888 | 4447769 |
| The Kraft Heinz Co | 130318 | 3207126 |
| Mondelez International Inc | 139512 | 8591149 |
| Monster Beverage Corp\* | 105634 | 9010580 |
| PayPal Holdings Inc | 100067 | 4624096 |
| PepsiCo Inc | 146236 | 24822099 |
| Regeneron Pharmaceuticals Inc | 11166 | 8728127 |
| Verisk Analytics Inc | 15453 | 3207579 |
| Vertex Pharmaceuticals Inc\* | 27135 | 13481482 |
| **Total Consumer, Non-Cyclical** | **Total Consumer, Non-Cyclical** | 185879936 |
| **Energy (0.61%)** |  |  |
| Baker Hughes Co | 105535 | 6887214 |
| Diamondback Energy Inc | 30978 | 5392650 |
| **Total Energy** |  | 12279864 |
| **Financial (0.10%)** |  |  |
| CoStar Group Inc\* | 46405 | 2071055 |
| **Industrial (2.01%)** |  |  |
| Axon Enterprise Inc\* | 8652 | 4692845 |
| CSX Corp | 201333 | 8594906 |
| Ferrovial SE | 78474 | 5836896 |
| Honeywell International Inc | 67901 | 16540005 |
| Old Dominion Freight Line Inc | 22607 | 4590351 |
| **Total Industrial** |  | 40255003 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| **Technology (46.31%)** | **Technology (46.31%)** |  |
| *Computers (9.63%)* |  |  |
| Apple Inc | 572439 | $151226935<br>|
| Cognizant Technology Solutions Corp | 52183 | 3362151 |
| Crowdstrike Holdings Inc\* | 26839 | 9983571 |
| Fortinet Inc\* | 80402 | 6354170 |
| Seagate Technology Holdings PLC | 22839 | 9314658 |
| Western Digital Corp | 36566 | 10227510 |
| Zscaler Inc\* | 17241 | 2534255 |
|  |  | 193003250 |
| *Semiconductors (25.57%)* | *Semiconductors (25.57%)* |  |
| Advanced Micro Devices Inc\* | 174118 | 34860165 |
| Analog Devices Inc | 52368 | 18632011 |
| Applied Materials Inc | 85200 | 31719960 |
| ARM Holdings PLC\* | 14889 | 1897603 |
| ASML Holding NV | 9383 | 13610604 |
| Broadcom Inc | 182945 | 58460075 |
| Intel Corp\* | 510150 | 23267942 |
| KLA Corp | 14052 | 21422977 |
| Lam Research Corp | 134332 | 31418911 |
| Marvell Technology Inc | 93209 | 7614243 |
| Microchip Technology Inc | 58432 | 4361364 |
| Micron Technology Inc | 120355 | 49630791 |
| Monolithic Power Systems Inc | 5123 | 5854257 |
| NVIDIA Corp | 941388 | 166804541 |
| NXP Semiconductors NV | 26916 | 6110201 |
| QUALCOMM Inc | 114543 | 16306341 |
| Texas Instruments Inc | 97177 | 20612213 |
|  |  | 512584199 |
| *Software (11.11%)* |  |  |
| Adobe Inc\* | 44769 | 11747833 |
| Atlassian Corp\* | 19161 | 1439566 |
| Autodesk Inc\* | 22673 | 5574611 |
| Cadence Design Systems Inc\* | 29430 | 8870202 |
| Datadog Inc\* | 35186 | 3939425 |
| Electronic Arts Inc | 26748 | 5364846 |
| Intuit Inc | 29761 | 12173142 |
| Microsoft Corp | 287932 | 113082414 |
| Palantir Technologies Inc\* | 244309 | 33516752 |
| Paychex Inc | 38911 | 3644015 |
| Roper Technologies Inc | 11637 | 4069808 |
| Strategy Inc\* | 28944 | 3748248 |
| Synopsys Inc\* | 20083 | 8314362 |
| Take-Two Interactive Software Inc\* | 19978 | 4224947 |
| Workday Inc\* | 23029 | 3080359 |
|  |  | 222790530 |
| **Total Technology** |  | 928377979 |

---

**Nasdaq 100 Index Fund** **Portfolio of Investments (Continued) 2/28/26**<br>

**Nasdaq 100 Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| **Utilities (1.55%)** |  |  |
| American Electric Power Co Inc | 57121 | 7643932 |
| Constellation Energy Corp | 38753 | 12783840 |
| Exelon Corp | 108050 | 5345234 |
| Xcel Energy Inc | 63956 | 5331372 |
| **Total Utilities** |  | 31104378 |
| **Total Common Stock <br>(Cost $785,547,825)** | **Total Common Stock <br>(Cost $785,547,825)** | 1985869250 |
| **United States Treasury Bills (0.93%)** | **United States Treasury Bills (0.93%)** | **United States Treasury Bills (0.93%)** |
| **United States Treasury Bill, 0.000%, 03/19/26<sup>(</sup>**<sup>**a**</sup><sup>**)**</sup> **<br>(Cost $18,566,618)** | 18600000 | 18568110 |
| **Total Investments <br>(Cost $804,114,443) (99.98%)** | **Total Investments <br>(Cost $804,114,443) (99.98%)** | $2004437360<br>|
| **Other Net Assets (0.02%)** | **Other Net Assets (0.02%)** | 382920 |
| **Net Assets (100.00%)** | **Net Assets (100.00%)** | $2004820280<br>|

---

\*Non-income producing security.

(a)A portion of these securities, a total of $1,796,927, have been pledged or segregated in connection with obligations for futures contracts.

Futures contracts at February 28, 2026:

Contracts - $20 times premium / delivery month / commitment / exchange

---

| | | | |
|:---|:---|:---|:---|
| **Nasdaq 100 E-MINI** | **Notional Amount**  | **Value**  | **Unrealized Depreciation**  |
| 37 / MAR 2026 / Long / CME | $18521650<br>| $18503515<br>| $(18135) |

---

**Nasdaq 100 Index Fund** **Portfolio of Investments (Unaudited) (Continued) 2/28/26**<br>

**See accompanying notes to financial statements.**

**Shelton Sustainable Equity Fund** **Portfolio of Investments (Unaudited) 2/28/26**<br>

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| **Common Stock (97.11%)** | **Common Stock (97.11%)** |  |
| **Basic Materials (7.43%)** | **Basic Materials (7.43%)** |  |
| Cabot Corp | 11272 | $858250<br>|
| Centrus Energy Corp\* | 8200 | 1661238 |
| CF Industries Holdings Inc | 29000 | 2886660 |
| **Total Basic Materials** |  | 5406148 |
| **Communications (0.71%)** | **Communications (0.71%)** |  |
| Pinterest Inc\* | 30000 | 513900 |
| **Consumer, Cyclical (10.53%)** | **Consumer, Cyclical (10.53%)** | **Consumer, Cyclical (10.53%)** |
| Affinia Group Holdings Inc\* | 54900 | 1119735 |
| Aramark | 65700 | 2749545 |
| Freshpet Inc\* | 8000 | 675600 |
| On Holding AG\* | 50000 | 2324000 |
| Warby Parker Inc\* | 32000 | 800320 |
| Total Consumer, Cyclical |  | 7669200 |
| **Consumer, Non-Cyclical (16.93%)** | **Consumer, Non-Cyclical (16.93%)** | **Consumer, Non-Cyclical (16.93%)** |
| Bunge Global SA | 30000 | 3619500 |
| Corteva Inc | 20000 | 1602400 |
| Dexcom Inc\* | 11000 | 807730 |
| elf Beauty Inc\* | 6400 | 589120 |
| SHL Group Ltd (144A) | 40000 | 1992671 |
| Sierra Health Services Inc\* | 10000 | 2924696 |
| The Simply Good Foods Co\* | 19000 | 324140 |
| Vital Farms Inc\* | 22000 | 463980 |
| **Total Consumer, Non-Cyclical** | **Total Consumer, Non-Cyclical** | 12324237 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| **Energy (9.27%)** |  |  |
| First Solar Inc\* | 10222 | $2015778<br>|
| Nextpower Inc\* | 10000 | 1051000 |
| Shoals Technologies Group Inc\* | 70000 | 415100 |
| Suncor Energy Inc | 10000 | 3271072 |
| **Total Energy** |  | 6752950 |
| **Financial (4.34%)** |  |  |
| HA Sustainable Infrastructure Capital Inc | 86500 | 3158980 |
| **Industrial (33.63%)** |  |  |
| AECOM | 16850 | 1650963 |
| Clean Harbors Inc\* | 6000 | 1759200 |
| Deere & Co | 5500 | 3463405 |
| Energy Recovery Inc\* | 46000 | 479780 |
| EnerSys | 10000 | 1661500 |
| Gibraltar Industries Inc\* | 24000 | 1091520 |
| Itron Inc\* | 7000 | 657650 |
| Johnson Controls International plc | 18000 | 2597400 |
| Mirion Technologies Inc\* | 10000 | 216100 |
| Net Power Inc\* | 200000 | 386000 |
| Teledyne Technologies Inc\* | 4500 | 3064950 |
| Trane Technologies PLC | 3000 | 1386960 |
| Valmont Industries Inc | 4000 | 1839720 |
| Vertiv Holdings Co | 10000 | 2548900 |
| Xylem Inc | 13000 | 1684280 |
| **Total Industrial** |  | 24488328 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| **Technology (7.94%)** |  |  |
| Box Inc\* | 35000 | $824250<br>|
| Getronics BV\* | 15000 | 3415297 |
| KBR Inc | 16000 | 675680 |
| Samsara Inc\* | 30000 | 867000 |
|  |  | 5782227 |
| **Utilities (6.33%)** |  |  |
| Clearway Energy Inc | 15000 | 574650 |
| Essential Utilities Inc | 33400 | 1334998 |
| Ormat Technologies Inc | 26000 | 2696200 |
|  |  | 4605848 |
| **Total Common Stock (Cost $54,600,901)** |  | 70701818 |
| **United States Treasury Bills (2.74%)** |  |  |
| United States Treasury Bill, 0.000%, 03/19/26 (Cost $1,996,383) | 2000000 | 1996571 |
| Total Investments (Cost $56,597,284) (99.85%) |  | $72698389<br>|
| Other Net Assets (0.15%) |  | 108237 |
| Net Assets (100.00%) |  | $72806626<br>|

---

\*Non-income producing security.

(144A) Security was purchased pursuant to Rule 144A or Section 4(a)(2) under the Securities Act of 1933 and may be resold in transactions exempt from registration only to qualified institutional buyers. As of February 28, 2026, these securities had a total aggregate market value of $1,992,671 which represented approximately 2.74% of net assets.

**See accompanying notes to financial statements.**

**Statement of Assets & Liabilities<br>February 28, 2026 (Unaudited)**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Green California Tax-Free Income Fund** | **U.S. Government Securities Fund** | **The United States Treasury Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S&P 500 Index Fund** | **S&P MidCap Index Fund** |
| **Assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments in securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments | $33228909<br>| $11156976<br>| $26323217<br>| $98261588<br>| $67921766<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fair value of investments (Note 1) | 32869505 | 11077160 | 26323217 | 316831319 | 113664063 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash | 131176 | 8934 | 28030 | 91486 | 57664 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash held at broker |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest receivable | 343001 | 97600 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividend receivable |  |  |  | 288503 | 63570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reclaim receivable |  |  |  | 109 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from investment advisor |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable for fund shares sold |  | 1291 |  | 13765 | 538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses | 4105 | 20862 | 5470 | 2244 | 1759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | $33347787<br>| $11205919<br>| $26356717<br>| $317227425<br>| $113787594<br>|
| **Liabilities** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Written options, at value (proceeds-, $-, $-, $-, $- , $-, respectively) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Variation margin payable |  |  |  | 23650 | 3120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash due to broker |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Collateral for securities loaned |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to investment advisor | 12724 |  | 10272 | 61086 | 34915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions payable |  |  | 55743 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued 12b-1 fees |  | 62 |  | 778 | 185 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued shareholder service fees |  |  |  | 369 | 89 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued administration fees | 1732 | 585 | 1400 | 16633 | 5943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued CCO fees |  |  |  | 4060 | 445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued custody fees | 780 | 951 | 1654 | 6644 | 2461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued fund accounting fees | 5029 |  | 4821 | 20931 | 12154 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued printing fees | 1267 |  | 2148 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued state registration fees | 6508 | 21248 | 5849 | 7617 | 10062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued transfer agent fees | 9769 | 12079 | 10155 | 9092 | 7331 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued trustee fees |  |  |  | 753 | 294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses | 7433 | 124 | 5849 | 33433 | 19380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 45242 | 35049 | 97891 | 185046 | 96379 |
| **Commitments And Contingencies (Note 2)** |  |  |  |  |  |
| **Net assets** | $33302545<br>| $11170870<br>| $26258826<br>| $317042379<br>| $113691215<br>|
| **Net assets at February 28, 2026 consist of** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Paid-in capital | $33524040<br>| $12351115<br>| $26264473<br>| $93887174<br>| $62533336<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Distributable earnings/(loss) | (221495) | (1180245) | (5647) | 223155205 | 51157879 |
| **Total net assets** | $33302545<br>| $11170870<br>| $26258826<br>| $317042379<br>| $113691215<br>|
| **Net assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investor Shares | $33302545<br>| $11014611<br>| $26258826<br>| $315120861<br>| $113223728<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; K Shares |  | $156259<br>|  | $1921518<br>| $467487<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Institutional Shares |  |  |  |  |  |
| **Shares outstanding** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investor Shares (no par value, unlimited shares authorized) | 3102051 | 1157614 | 26271168 | 3742107 | 4064504 |
| &nbsp;&nbsp;&nbsp;&nbsp; K Shares (no par value, unlimited shares authorized) |  | 16414 |  | 22913 | 17698 |
| &nbsp;&nbsp;&nbsp;&nbsp; Institutional Shares (no par value, unlimited shares authorized) |  |  |  |  |  |
| **Net asset value per share** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investor Shares | $10.74<br>| $9.51<br>| $1.00<br>| $84.21<br>| $27.86<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; K Shares |  | $9.52<br>|  | $83.86<br>| $26.42<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Insitutional Shares  |  |  |  |  |  |

---

**See accompanying notes to financial statements.**

**Statement of Assets & Liabilities <br>February 28, 2026 (Unaudited) (Continued)**<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **S&P SmallCap Index Fund** | **Shelton Equity Income Fund** | **Nasdaq-100 Index Fund** | **Shelton Sustainable Equity Fund** |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments in securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of investments | $38977310<br>| $1066690120<br>| $804114443<br>| $56597284<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fair value of investments (Note 1) | 53866682 | 1058978490 | 2004437360 | 72698389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash | 72138 | 3667934 |  | 61103 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash held at broker |  | 7674 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest receivable |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividend receivable | 32140 | 667401 | 891953 | 43639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reclaim receivable |  | 11451 |  | 139345 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from investment advisor |  | 17287 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable for fund shares sold | 1382 | 5751176 | 474861 | 10764 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses | 5344 | 144982 | 158881 | 4088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | $53977686<br>| $1069246395<br>| $2005963055<br>| $72957328<br>|
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Written options, at value (proceeds-, $6,098,463, $-, $-, respectively) |  | 6877291 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Variation margin payable | 6885 |  | 76094 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash due to broker |  |  | 69192 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Collateral for securities loaned |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to investment advisor | 20910 | 382423 | 212660 | 42269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions payable |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued 12b-1 fees | 253 | 44 | 17133 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued shareholder service fees | 116 | 21 | 371675 | 12300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued administration fees | 2848 | 55274 | 106063 | 3837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued CCO fees |  | 2568 | 28242 | 1895 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued custody fees | 2689 | 159 | 27075 | 6085 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued fund accounting fees | 9723 | 29935 | 100344 | 16907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued printing fees |  |  |  | 13917 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued state registration fees | 7158 |  |  | 19686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued transfer agent fees | 9008 | 37511 | 53482 | 12209 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued trustee fees |  | 126 | 1139 | 1368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses | 26107 | 27040 | 79676 | 20229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 85697 | 7412392 | 1142775 | 150702 |
| **Commitments And Contingencies (Note 2)** |  |  |  |  |
| **Net assets** | $53891989<br>| $1061834003<br>| $2004820280<br>| $72806626<br>|
| **Net assets at February 28, 2026 consist of** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Paid-in capital | $36212085<br>| $1017800016<br>| $729004178<br>| $82475597<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Distributable earnings/(loss) | 17679904 | 44033987 | 1275816102 | (9668971) |
| **Total net assets** | $53891989<br>| $1061834003<br>| $2004820280<br>| $72806626<br>|
| **Net assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investor Shares | $53416199<br>| $1061724967<br>| $1872183288<br>| $63742940<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; K Shares | $475790<br>| $109036<br>| $41249340<br>|  |
| &nbsp;&nbsp;&nbsp;&nbsp; Institutional Shares |  |  | $91387652<br>| $9063686<br>|
| **Shares outstanding** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investor Shares (no par value, unlimited shares authorized) | 2366607 | 61125049 | 41730252 | 1711616 |
| &nbsp;&nbsp;&nbsp;&nbsp; K Shares (no par value, unlimited shares authorized) | 22122 | 6782 | 965504 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Institutional Shares (no par value, unlimited shares authorized) |  |  | 2030874 | 242331 |
| **Net asset value per share** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investor Shares | $22.57<br>| $17.37<br>| $44.86<br>| $37.24<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; K Shares | $21.51<br>| $16.08<br>| $42.72<br>|  |
| &nbsp;&nbsp;&nbsp;&nbsp; Insitutional Shares  |  |  | $45.00<br>| $37.40<br>|

---

**See accompanying notes to financial statements.**

**Statement of Operations <br>February 28, 2026 (Unaudited)**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Green California Tax-Free Income Fund** | **U.S. Government Securities Fund** | **The United States Treasury Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S&P 500 Index Fund** | **S&P MidCap Index Fund** |
| **Investment income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest income | $586188<br>| $222576<br>| $517330<br>| $44800<br>| $17539<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Dividend income<br>(tax withheld: $-, $-, $-, $580, $292, respectively) |  |  |  | 1864243 | 762746 |
| &nbsp;&nbsp;&nbsp;&nbsp; Securities Lending Income |  |  |  | 4284 | 1094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 586188 | 222576 | 517330 | 1913316 | 781376 |
| **Expenses** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Management fees (Note 2) | 83401 | 28675 | 66291 | 388905 | 215494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administration fees (Note 2) | 11349 | 3902 | 9019 | 105844 | 36663 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfer agent fees | 6661 | 5926 | 6973 | 19011 | 11098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accounting services | 15168 | 11691 | 11385 | 36645 | 22175 |
| &nbsp;&nbsp;&nbsp;&nbsp; Custodian fees | 973 | 721 | 1419 | 9762 | 6019 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broker Fees |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Legal and audit fees | 10624 | 10072 | 9397 | 26404 | 19457 |
| &nbsp;&nbsp;&nbsp;&nbsp; CCO fees (Note 2) | 1476 | 507 | 1094 | 13823 | 4698 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trustees fees | 3616 | 3612 | 3440 | 3690 | 3689 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 491 | 167 | 364 | 4623 | 1569 |
| &nbsp;&nbsp;&nbsp;&nbsp; Printing | 9324 | 9159 | 7623 | 16705 | 11881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Registration and dues | 3211 | 7234 | 4226 | 16594 | 9386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12b-1 fees Class K (Note 2) |  | 185 |  | 2536 | 538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shareholder service fees Class K (Note 2) |  | 185 |  | 2536 | 538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shareholder service fees Investor Class (Note 2) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Licensing fee |  |  |  | 34821 | 13967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 146294 | 82036 | 121231 | 681899 | 357172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less class specific expenses waived |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less reimbursement from manager (Note 2) |  | (38193) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net expenses | 146294 | 43843 | 121231 | 681899 | 357172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income | 439894 | 178733 | 396099 | 1231417 | 424204 |
| **Realized and unrealized gain/(loss) on investments** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from security transactions and foreign currency | 202859 | (135111) | 990 | 4457300 | 6741820 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from futures contracts |  |  |  | 213943 | 46433 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from written options contracts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from purchased option contracts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of investments | 1011982 | 405391 |  | 15035429 | 3623667 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of futures |  |  |  | (275) | 6550 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of written options contracts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized and unrealized gain/(loss) on investments | 1214841 | 270280 | 990 | 19706397 | 10418470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase/(decrease) in net assets resulting from operations | $1654735<br>| $449013<br>| $397089<br>| $20937814<br>| $10842674<br>|

---

**See accompanying notes to financial statements.**

**Statement of Operations <br>February 28, 2026 (Unaudited) (Continued)**<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **S&P SmallCap Index Fund** | **Shelton Equity Income Fund** | **Nasdaq-100 Index Fund** | **Shelton Sustainable Equity Fund** |
| **Investment income** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest income | $15531<br>| $1149194<br>| $438999<br>| $28186<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Dividend income (tax withheld: $439, $4,489, $24,814, $32,003, respectively) | 456786 | 7238632 | 6570642 | 478348 |
| &nbsp;&nbsp;&nbsp;&nbsp; Securities Lending Income | 617 |  | 13192 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 472933 | 8387826 | 7022833 | 506534 |
| **Expenses** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Management fees (Note 2) | 128599 | 2419160 | 2579618 | 273716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administration fees (Note 2) | 17503 | 348271 | 701949 | 24898 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfer agent fees | 7571 | 147842 | 81034 | 11812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accounting services | 22050 | 63674 | 119920 | 16071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Custodian fees | 4831 | 19144 | 42101 | 8298 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broker Fees |  | 36 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Legal and audit fees | 17809 | 39117 | 62728 | 17036 |
| &nbsp;&nbsp;&nbsp;&nbsp; CCO fees (Note 2) | 2216 | 37826 | 79444 | 3534 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trustees fees | 3705 | 3138 | 3369 | 3959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 738 | 12674 | 26328 | 1176 |
| &nbsp;&nbsp;&nbsp;&nbsp; Printing | 13309 | 65376 | 23969 | 11540 |
| &nbsp;&nbsp;&nbsp;&nbsp; Registration and dues | 9201 | 40419 | 65867 | 19959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12b-1 fees Class K (Note 2) | 766 | 163 | 52873 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shareholder service fees Class K (Note 2) | 766 | 163 | 52873 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shareholder service fees Investor Class (Note 2) |  |  | 2424668 | 79637 |
| &nbsp;&nbsp;&nbsp;&nbsp; Licensing fee | 9451 |  | 193658 | 9353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 238515 | 3197003 | 6510399 | 480989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less class specific expenses waived |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less reimbursement from manager (Note 2) |  | (71620) | (1217721) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net expenses | 238515 | 3125383 | 5292678 | 480989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income | 234418 | 5262443 | 1730155 | 25545 |
| **Realized and unrealized gain/(loss) on investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from security transactions and foreign currency | 4896373 | 47614515 | 78905332 | (2247255) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from futures contracts | 3333 |  | 3812284 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from written options contracts |  | 12465041 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from purchased option contracts |  | 2353 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of investments | (24251) | (25191134) | 53571850 | 8212837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of futures | (17655) |  | 361055 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of written options contracts |  | (1064845) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized and unrealized gain/(loss) on investments | 4857800 | 33825930 | 136650521 | 5965582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase/(decrease) in net assets resulting from operations | $5092218<br>| $39088373<br>| $138380676<br>| $5991127<br>|

---

**See accompanying notes to financial statements.**

**Statements of Changes in Net Assets**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Green California Tax-Free Income Fund**  | **Green California Tax-Free Income Fund**  | **U.S. Government Securities Fund**  | **U.S. Government Securities Fund**  | **The United States Treasury Trust**  | **The United States Treasury Trust**  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Six Months<br>Ended<br>February 28,<br>2026<br>(Unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Year Ended<br>August 31,<br>2025** | **Six Months<br>Ended<br>February 28,<br>2026<br>(Unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Year Ended<br>August 31,<br>2025** | **Six Months<br>Ended<br>February 28,<br>2026<br>(Unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Year Ended<br>August 31,<br>2025** |
| **Operations** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss) | 439894 | $796571<br>| 178733 | $436609<br>| 396099 | $921832<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from security transactions and foreign currency | 202859 | 8141 | (135111) | (136327) | 990 | 308 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from futures contracts |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from written options contracts |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from purchased option contracts |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of investments | 1011982 | (1273464) | 405391 | (198745) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of futures |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of written options contracts |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase/(decrease) in net assets resulting from operations | 1654735 | (468752) | 449013 | 101537 | 397089 | 922140 |
| **Distributions to shareholders** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investor shares | (430145) | (795302) | (172970) | (435351) | (396460) | (922302) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; K shares |  |  | (1899) | (3380) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Institutional Shares |  |  |  |  |  |  |
| **Capital share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Increase/(decrease) in net assets resulting from capital share transactions | (1484381) | (3853325) | (2569680) | (961624) | 287270 | 1507514 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase/(decrease) | (259791) | (5117379) | (2295538) | (1298818) | 287899 | 1507352 |
| **Net assets** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of year | 33562336 | 38679715 | 13466408 | 14765226 | 25970927 | 24463575 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of year | $33302545<br>| $33562336<br>| 11170870 | $13466408<br>| $26258826<br>| $25970927<br>|

---

**See accompanying notes to financial statements.**

**Statements of Changes in Net Assets<br>(Continued)**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **S&P 500 Index Fund**  | **S&P 500 Index Fund**  | **S&P MidCap Index Fund**  | **S&P MidCap Index Fund**  | **S&P SmallCap Index Fund**  | **S&P SmallCap Index Fund**  |
|  | **Six Months<br>Ended<br>February 28,<br>2026<br>(Unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Year Ended<br>August 31,<br>2025** | **Six Months<br>Ended<br>February 28,<br>2026<br>(Unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Year Ended<br>August 31,<br>2025** | **Six Months<br>Ended<br>February 28,<br>2026<br>(Unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Year Ended<br>August 31,<br>2025** |
| **Operations** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss) | $1231417<br>| $2608714<br>| $424204<br>| $946653<br>| 234418 | $336766<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from security transactions and foreign currency | 4457300 | 33693004 | 6741820 | 3658694 | 4896373 | 2195641 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from futures contracts | 213943 | 224274 | 46433 | (68193) | 3333 | (65755) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from written options contracts |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from purchased option contracts |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of investments | 15035429 | 4275889 | 3623667 | 1684369 | (24251) | (1331176) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of futures | (275) | (36063) | 6550 | (15960) | (17655) | 1415 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of written options contracts |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase/(decrease) in net assets resulting from operations | 20937814 | 40765818 | 10842674 | 6205563 | 5092218 | 1136891 |
| **Distributions to shareholders** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investor shares | (9875925) | (36362919) | (5342885) | (10987371) | (4121336) | (5119928) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; K shares | (55527) | (251071) | (21382) | (50976) | (50476) | (70685) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Institutional Shares |  |  |  |  |  |  |
| **Capital share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Increase/(decrease) in net assets resulting from capital share transactions | 5680273 | 15596346 | 112683 | 1078898 | 1268094 | 793932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase/(decrease) | 16686636 | 19748174 | 5591090 | (3753886) | 2188499 | (3259790) |
| **Net assets** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of year | 300355743 | 280607569 | 108100125 | 111854011 | 51703489 | 54963279 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of year | $317042379<br>| $300355743<br>| $113691215<br>| $108100125<br>| 53891989 | $51703489<br>|

---

**See accompanying notes to financial statements.**

**Statements of Changes in Net Assets<br>(Continued)**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shelton Equity Income Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shelton Equity Income Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Nasdaq-100 Index Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Nasdaq-100 Index Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shelton Sustainable Equity Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shelton Sustainable Equity Fund**  |
|  | **Six Months<br>Ended<br>February 28,<br>2026<br>(Unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Year Ended<br>August 31,<br>2025** | **Six Months<br>Ended<br>February 28,<br>2026<br>(Unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Year Ended<br>August 31,<br>2025** | **Six Months<br>Ended<br>February 28,<br>2026<br>(Unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Year Ended<br>August 31,<br>2025** |
| **Operations** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss) | $5262443<br>| $9379979<br>| $1730155<br>| 5193387 | $25545<br>| $134679<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from security transactions and foreign currency | 47614515 | 86534414 | 78905332 | 204349966 | (2247255) | 2553366 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from futures contracts |  |  | 3812284 | 5177455 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from written options contracts | 12465041 | 6529944 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain/(loss) from purchased option contracts | 2353 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of investments | (25191134) | (26398958) | 53571850 | 124375780 | 8212837 | 210476 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of futures |  |  | 361055 | (554485) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) of written options contracts | (1064845) | 1176639 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase/(decrease) in net assets resulting from operations | 39088373 | 77222018 | 138380676 | 338542103 | 5991127 | 2898521 |
| **Distributions to shareholders** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investor shares | (46834490) | (78460112) | (67210022) | (147641587) | (121037) | (160815) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; K shares | (6916) | (15682) | (1487283) | (3101431) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Institutional Shares |  |  | (2900791) | (3490960) | (38950) | (33272) |
| **Capital share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Increase/(decrease) in net assets resulting from capital share transactions | 82450099 | 240887799 | (50833525) | (13976114) | (9043511) | (39924308) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase/(decrease) | 74697066 | 239634023 | 15949054 | 170332011 | (3212371) | (37219875) |
| **Net assets** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of year | 987136937 | 747502914 | 1988871226 | 1818539215 | 76018997 | 113238872 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of year | $1061834003<br>| $987136937<br>| $2004820280<br>| $1988871226<br>| $72806626<br>| $76018997<br>|

---

**See accompanying notes to financial statements.**

**Statements of Changes in Net Assets<br>(Continued)**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Green California Tax-Free Income Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  |  |  |  |  |
|  | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Year Ended<br>August 31, 2025**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Year Ended<br>August 31, 2025**  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |  |  |  |  |
| Shares sold  | 81556 | $867834<br>| 73082 | $766602<br>|  |  |  |  |
| Shares issued in reinvestment of distributions  | 27042 | 287184 | 62495 | 656799 |  |  |  |  |
| Shares repurchased  | (248203) | (2639399) | (496431) | (5276726) |  |  |  |  |
| Net increase/(decrease)  | (139605) | $(1484381) | (360854) | $(3853325) |  |  |  |  |
| **U.s. Government Securities Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  |
|  | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| Shares sold  | 217998 | $2054010<br>| 280672 | $2622457<br>| 1042 | $9823<br>| 2074 | $19277<br>|
| Shares issued in reinvestment of distributions  | 14915 | 140172 | 45141 | 420871 | 168 | 1580 | 362 | 3380 |
| Shares repurchased  | (505915) | (4774885) | (431752) | (4025933) | (40) | (380) | (178) | (1676) |
| Net increase/(decrease)  | (273002) | $(2580703) | (105939) | $(982605) | 1170 | $11023<br>| 2258 | $20981<br>|
| **US Treasury Trust Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  |  |  |  |  |  |  |
|  | **Year Ended**<br> **February 28,** **<br>2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares and Value\***  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares and Value\***  |  |  |  |  |  |  |
| Shares sold  | 21527356 | $41224569<br>|  |  |  |  |  |  |
| Shares issued in reinvestment of distributions  | 337001 | 909433 |  |  |  |  |  |  |
| Shares repurchased  | (21577087) | (40626488) |  |  |  |  |  |  |
| Net increase/(decrease)  | 287270 | $1507514<br>|  |  |  |  |  |  |
| **S&P 500 Index Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  |
|  | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| Shares sold | 224472 | $18878780<br>| 341676 | $26147757<br>| 150 | $12616<br>| 2933 | $220636<br>|
| Shares issued in reinvestment of distributions | 91459 | 7669929 | 380504 | 28891488 | 664 | 55494 | 3318 | 250952 |
| Shares repurchased | (239992) | (20285962) | (530272) | (39766301) | (7819) | (650584) | (1869) | (148186) |
| Net increase/(decrease)  | 75939 | $6262747<br>| 191908 | $15272944<br>| (7005) | $(582474) | 4382 | $323402<br>|
| **S&P MidCap Index Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  |
|  | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| Shares sold  | 260969 | $6967719<br>| 112188 | $2925816<br>| 383 | $9672<br>| 437 | $10729<br>|
| Shares issued in reinvestment of distributions  | 195672 | 5053302 | 383003 | 10453814 | 873 | 21371 | 1955 | 50930 |
| Shares repurchased  | (446395) | (11932759) | (475948) | (12234868) | (260) | (6622) | (5156) | (127523) |
| Net increase/(decrease)  | 10246 | $88262<br>| 19243 | $1144762<br>| 996 | $24421<br>| (2764) | $(65864) |

---

------

\*Each Share of this fund is worth $1.00.

**See accompanying notes to financial statements.**

**Statements of Changes in Net Assets<br>(Continued)**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **S&P SmallCap Index Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  |
|  | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| Shares sold  | 310954 | $6967847<br>| 145081 | $3146289<br>| 286 | $6014<br>| 1033 | $21328<br>|
| Shares issued in reinvestment of distributions  | 185228 | 3898518 | 206301 | 4853470 | 2519 | 50476 | 3124 | 70685 |
| Shares repurchased  | (422810) | (9452997) | (331184) | (7140108) | (9295) | (201764) | (7879) | (157732) |
| Net increase/(decrease)  | 73372 | $1413368<br>| 20198 | $859651<br>| (6490) | $(145274) | (3722) | $(65719) |
| **Shelton Equity Income Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  |
|  | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| Shares sold  | 10308065 | $180366772<br>| 22302987 | $383056572<br>| 298 | $4817<br>| 527 | $8450<br>|
| Shares issued in reinvestment of distributions  | 2419192 | 41990260 | 4171638 | 70766958 | 429 | 6916 | 987 | 15682 |
| Shares repurchased  | (8007967) | (139841287) | (12628623) | (212958927) | (4737) | (77379) | (59) | (936) |
| Net increase/(decrease)  | 4719290 | $82515745<br>| 13846002 | $240864603<br>| (4010) | $(65646) | 1455 | $23196<br>|
| **NASDAQ-100 Index Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **K Shares**  |
|  | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| Shares sold  | 2922479 | $133697672<br>| 8967118 | $354803913<br>| 16613 | $720735<br>| 46129 | $1744620<br>|
| Shares issued in reinvestment of distributions  | 1390230 | 63489715 | 3604613 | 140005946 | 34148 | 1485423 | 83571 | 3096527 |
| Shares repurchased  | (6104343) | (278543974) | (13403526) | (526825142) | (75488) | (3289856) | (103356) | (3815625) |
| Net increase/(decrease)  | (1791634) | $(81356587) | (831795) | $(32015283) | (24727) | $(1083698) | 26344 | $1025522<br>|
| **NASDAQ-100 Index Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Institutional Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Institutional Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Institutional Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Institutional Shares**  |  |  |  |  |
|  | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |  |  |  |  |
| Shares sold  | 1173615 | $53731778<br>| 653470 | $26939976<br>|  |  |  |  |
| Shares issued in reinvestment of distributions  | 54165 | 2480958 | 76604 | 2984265 |  |  |  |  |
| Shares repurchased  | (532496) | (24605976) | (334581) | (12910594) |  |  |  |  |
| Net increase/(decrease)  | 695284 | $31606760<br>| 395493 | $17013647<br>|  |  |  |  |
| **Shelton Sustainable Equity Fund**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investor Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Institutional Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Institutional Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Institutional Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Institutional Shares**  |
|  | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>February 28, 2026<br>(Unaudited)** | **Year Ended<br>August 31, 2025** | **Year Ended<br>August 31, 2025** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Shares**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Value**  |
| Shares sold  | 40252 | $1453102<br>| 145594 | $4610417<br>| 31317 | $1108660<br>| 143788 | $4663603<br>|
| Shares issued in reinvestment of distributions  | 3253 | 110589 | 4820 | 147499 | 1112 | 37969 | 1049 | 32236 |
| Shares repurchased  | (269676) | (9570100) | (1407324) | (44631446) | (61262) | (2183731) | (149959) | (4746617) |
| Net increase/(decrease)  | (226171) | $(8006409) | (1256910) | $(39873530) | (28833) | $(1037102) | (5122) | $(50778) |

---

**See accompanying notes to financial statements.**

**Financial Highlights<br>(For a Share Outstanding Throughout Each Year or Period)** <br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Green California Tax-Free Income Fund <br>Investor Shares** | **Six Months Ended February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $10.35<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.51<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.66<br>| &nbsp;&nbsp;&nbsp;&nbsp; $11.65<br>| &nbsp;&nbsp;&nbsp;&nbsp; $11.76<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.14 | &nbsp;&nbsp;&nbsp;&nbsp; 0.24 | &nbsp;&nbsp;&nbsp;&nbsp; 0.23 | &nbsp;&nbsp;&nbsp;&nbsp; 0.23 | &nbsp;&nbsp;&nbsp;&nbsp; 0.21 | &nbsp;&nbsp;&nbsp;&nbsp; 0.21 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 0.42 | &nbsp;&nbsp;&nbsp;&nbsp; (0.39) | &nbsp;&nbsp;&nbsp;&nbsp; 0.24 | &nbsp;&nbsp;&nbsp;&nbsp; (0.14) | &nbsp;&nbsp;&nbsp;&nbsp; (0.98) | &nbsp;&nbsp;&nbsp;&nbsp; (0.10) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 0.56 | &nbsp;&nbsp;&nbsp;&nbsp; (0.15) | &nbsp;&nbsp;&nbsp;&nbsp; 0.47 | &nbsp;&nbsp;&nbsp;&nbsp; 0.09 | &nbsp;&nbsp;&nbsp;&nbsp; (0.77) | &nbsp;&nbsp;&nbsp;&nbsp; 0.11 |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.17) | &nbsp;&nbsp;&nbsp;&nbsp; (0.24) | &nbsp;&nbsp;&nbsp;&nbsp; (0.24) | &nbsp;&nbsp;&nbsp;&nbsp; (0.24) | &nbsp;&nbsp;&nbsp;&nbsp; (0.22) | &nbsp;&nbsp;&nbsp;&nbsp; (0.22) |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (0.17) | &nbsp;&nbsp;&nbsp;&nbsp; (0.24) | &nbsp;&nbsp;&nbsp;&nbsp; (0.24) | &nbsp;&nbsp;&nbsp;&nbsp; (0.24) | &nbsp;&nbsp;&nbsp;&nbsp; (0.22) | &nbsp;&nbsp;&nbsp;&nbsp; (0.22) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $10.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.35<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.51<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.66<br>| &nbsp;&nbsp;&nbsp;&nbsp; $11.65<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 5.11<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (1.41)% | &nbsp;&nbsp;&nbsp;&nbsp; 4.53% | &nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp;&nbsp;&nbsp; (6.68)% | &nbsp;&nbsp;&nbsp;&nbsp; 0.96% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year or period (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $33303<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33562<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38680<br>| &nbsp;&nbsp;&nbsp;&nbsp; $41954<br>| &nbsp;&nbsp;&nbsp;&nbsp; $46580<br>| &nbsp;&nbsp;&nbsp;&nbsp; $56902<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.87<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 0.70% | &nbsp;&nbsp;&nbsp;&nbsp; 0.76% | &nbsp;&nbsp;&nbsp;&nbsp; 0.74% |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 1.31<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.27% | &nbsp;&nbsp;&nbsp;&nbsp; 2.20% | &nbsp;&nbsp;&nbsp;&nbsp; 2.18% | &nbsp;&nbsp;&nbsp;&nbsp; 1.86% | &nbsp;&nbsp;&nbsp;&nbsp; 1.82% |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 31<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 40% | &nbsp;&nbsp;&nbsp;&nbsp; 19% | &nbsp;&nbsp;&nbsp;&nbsp; 26% | &nbsp;&nbsp;&nbsp;&nbsp; 15% | &nbsp;&nbsp;&nbsp;&nbsp; 7% |

---

------

(a)Calculated based upon average shares outstanding.

(b)Not Annualized.

(c)Annualized.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **U.S. Government Securities Fund <br>Investor Shares** | **Six Months Ended <br>February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $9.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.53<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.36<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.65<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.59<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.94<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.15 | &nbsp;&nbsp;&nbsp;&nbsp; 0.29 | &nbsp;&nbsp;&nbsp;&nbsp; 0.27 | &nbsp;&nbsp;&nbsp;&nbsp; 0.17 | &nbsp;&nbsp;&nbsp;&nbsp; 0.11 | &nbsp;&nbsp;&nbsp;&nbsp; 0.12 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 0.22 | &nbsp;&nbsp;&nbsp;&nbsp; (0.22) | &nbsp;&nbsp;&nbsp;&nbsp; 0.18 | &nbsp;&nbsp;&nbsp;&nbsp; (0.28) | &nbsp;&nbsp;&nbsp;&nbsp; (0.92) | &nbsp;&nbsp;&nbsp;&nbsp; (0.35) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 0.37 | &nbsp;&nbsp;&nbsp;&nbsp; 0.07 | &nbsp;&nbsp;&nbsp;&nbsp; 0.45 | &nbsp;&nbsp;&nbsp;&nbsp; (0.11) | &nbsp;&nbsp;&nbsp;&nbsp; (0.81) | &nbsp;&nbsp;&nbsp;&nbsp; (0.23) |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.17 | &nbsp;&nbsp;&nbsp;&nbsp; (0.29) | &nbsp;&nbsp;&nbsp;&nbsp; (0.28) | &nbsp;&nbsp;&nbsp;&nbsp; (0.18) | &nbsp;&nbsp;&nbsp;&nbsp; (0.13) | &nbsp;&nbsp;&nbsp;&nbsp; (0.12) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (0.17 | &nbsp;&nbsp;&nbsp;&nbsp; (0.29) | &nbsp;&nbsp;&nbsp;&nbsp; (0.28) | &nbsp;&nbsp;&nbsp;&nbsp; (0.18) | &nbsp;&nbsp;&nbsp;&nbsp; (0.13) | &nbsp;&nbsp;&nbsp;&nbsp; (0.12) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $9.51<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.53<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.36<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.65<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.59<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 3.73 | &nbsp;&nbsp;&nbsp;&nbsp; 0.79% | &nbsp;&nbsp;&nbsp;&nbsp; 4.89% | &nbsp;&nbsp;&nbsp;&nbsp; (1.17)% | &nbsp;&nbsp;&nbsp;&nbsp; (7.72)% | &nbsp;&nbsp;&nbsp;&nbsp; (2.14)% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year or period (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $11015<br>| &nbsp;&nbsp;&nbsp;&nbsp; $13324<br>| &nbsp;&nbsp;&nbsp;&nbsp; $14641<br>| &nbsp;&nbsp;&nbsp;&nbsp; $14110<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15006<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18846<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 1.43 | &nbsp;&nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 1.08% | &nbsp;&nbsp;&nbsp;&nbsp; 1.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 0.77 | &nbsp;&nbsp;&nbsp;&nbsp; 0.76<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.76<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.73<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> %<sup>(d)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 1.22 | &nbsp;&nbsp;&nbsp;&nbsp; 2.72% | &nbsp;&nbsp;&nbsp;&nbsp; 2.56% | &nbsp;&nbsp;&nbsp;&nbsp; 1.68% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 0.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 1.55 | &nbsp;&nbsp;&nbsp;&nbsp; 3.11% | &nbsp;&nbsp;&nbsp;&nbsp; 2.94% | &nbsp;&nbsp;&nbsp;&nbsp; 1.81% | &nbsp;&nbsp;&nbsp;&nbsp; 1.12% | &nbsp;&nbsp;&nbsp;&nbsp; 1.10% |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; 52% | &nbsp;&nbsp;&nbsp;&nbsp; 21% | &nbsp;&nbsp;&nbsp;&nbsp; 46% | &nbsp;&nbsp;&nbsp;&nbsp; 9% | &nbsp;&nbsp;&nbsp;&nbsp; 15% |

---

**See accompanying notes to financial statements.**

**Financial Highlights<br>(For a Share Outstanding Throughout Each Year or Period) (Continued)**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **U.S. Government Securities Fund <br>K Shares** | **Six Months Ended <br>February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $9.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.53<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.67<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.61<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.96<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.12 | &nbsp;&nbsp;&nbsp;&nbsp; 0.24 | &nbsp;&nbsp;&nbsp;&nbsp; 0.22 | &nbsp;&nbsp;&nbsp;&nbsp; 0.12 | &nbsp;&nbsp;&nbsp;&nbsp; 0.06 | &nbsp;&nbsp;&nbsp;&nbsp; 0.06 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 0.24 | &nbsp;&nbsp;&nbsp;&nbsp; (0.22) | &nbsp;&nbsp;&nbsp;&nbsp; 0.18 | &nbsp;&nbsp;&nbsp;&nbsp; (0.29) | &nbsp;&nbsp;&nbsp;&nbsp; (0.92) | &nbsp;&nbsp;&nbsp;&nbsp; (0.35) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 0.36 | &nbsp;&nbsp;&nbsp;&nbsp; 0.02 | &nbsp;&nbsp;&nbsp;&nbsp; 0.40 | &nbsp;&nbsp;&nbsp;&nbsp; (0.17) | &nbsp;&nbsp;&nbsp;&nbsp; (0.86) | &nbsp;&nbsp;&nbsp;&nbsp; (0.29) |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.15 | &nbsp;&nbsp;&nbsp;&nbsp; (0.24) | &nbsp;&nbsp;&nbsp;&nbsp; (0.24) | &nbsp;&nbsp;&nbsp;&nbsp; (0.13) | &nbsp;&nbsp;&nbsp;&nbsp; (0.08) | &nbsp;&nbsp;&nbsp;&nbsp; (0.06) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (0.15 | &nbsp;&nbsp;&nbsp;&nbsp; (0.24) | &nbsp;&nbsp;&nbsp;&nbsp; (0.24) | &nbsp;&nbsp;&nbsp;&nbsp; (0.13) | &nbsp;&nbsp;&nbsp;&nbsp; (0.08) | &nbsp;&nbsp;&nbsp;&nbsp; (0.06) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $9.52<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.53<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.67<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.61<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 3.56 | &nbsp;&nbsp;&nbsp;&nbsp; 0.27% | &nbsp;&nbsp;&nbsp;&nbsp; 4.40% | &nbsp;&nbsp;&nbsp;&nbsp; (1.76)% | &nbsp;&nbsp;&nbsp;&nbsp; (8.14)% | &nbsp;&nbsp;&nbsp;&nbsp; (2.61)% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year or period (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $156<br>| &nbsp;&nbsp;&nbsp;&nbsp; $142<br>| &nbsp;&nbsp;&nbsp;&nbsp; $124<br>| &nbsp;&nbsp;&nbsp;&nbsp; $602<br>| &nbsp;&nbsp;&nbsp;&nbsp; $787<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1385<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 1.94 | &nbsp;&nbsp;&nbsp;&nbsp; 1.64% | &nbsp;&nbsp;&nbsp;&nbsp; 1.72% | &nbsp;&nbsp;&nbsp;&nbsp; 1.38% | &nbsp;&nbsp;&nbsp;&nbsp; 1.58% | &nbsp;&nbsp;&nbsp;&nbsp; 1.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 1.25 | &nbsp;&nbsp;&nbsp;&nbsp; 1.26<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.27<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.23<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.25<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.25<br> %<sup>(d)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 0.97 | &nbsp;&nbsp;&nbsp;&nbsp; 2.23% | &nbsp;&nbsp;&nbsp;&nbsp; 1.94% | &nbsp;&nbsp;&nbsp;&nbsp; 1.11% | &nbsp;&nbsp;&nbsp;&nbsp; 0.28% | &nbsp;&nbsp;&nbsp;&nbsp; 0.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 1.30 | &nbsp;&nbsp;&nbsp;&nbsp; 2.61% | &nbsp;&nbsp;&nbsp;&nbsp; 2.39% | &nbsp;&nbsp;&nbsp;&nbsp; 1.25% | &nbsp;&nbsp;&nbsp;&nbsp; 0.62% | &nbsp;&nbsp;&nbsp;&nbsp; 0.60% |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; 52% | &nbsp;&nbsp;&nbsp;&nbsp; 21% | &nbsp;&nbsp;&nbsp;&nbsp; 46% | &nbsp;&nbsp;&nbsp;&nbsp; 9% | &nbsp;&nbsp;&nbsp;&nbsp; 15% |

---

------

(a)Calculated based upon average shares outstanding.

(b)Not Annualized.

(c)Annualized.

(d)CCO fees are not included in the expense limitation.

**See accompanying notes to financial statements.**

**Financial Highlights<br>(For a Share Outstanding Throughout Each Year or Period) (Continued)**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **The United States Treasury Trust <br>Investor Shares** | **Six Months Ended <br>February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $1.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.00<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.01 | &nbsp;&nbsp;&nbsp;&nbsp; 0.04 | &nbsp;&nbsp;&nbsp;&nbsp; 0.04 | &nbsp;&nbsp;&nbsp;&nbsp; 0.03 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> <sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; (0.01) | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0.01 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0.04 | &nbsp;&nbsp;&nbsp;&nbsp; 0.04 | &nbsp;&nbsp;&nbsp;&nbsp; 0.04 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (0.04) | &nbsp;&nbsp;&nbsp;&nbsp; (0.04) | &nbsp;&nbsp;&nbsp;&nbsp; (0.04) | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; —<br> <sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (0.04) | &nbsp;&nbsp;&nbsp;&nbsp; (0.04) | &nbsp;&nbsp;&nbsp;&nbsp; (0.04) | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $1.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.00<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 1.49<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.65% | &nbsp;&nbsp;&nbsp;&nbsp; 4.55% | &nbsp;&nbsp;&nbsp;&nbsp; 3.73% | &nbsp;&nbsp;&nbsp;&nbsp; 0.20% | &nbsp;&nbsp;&nbsp;&nbsp; 0.00% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year or period (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $26259<br>| &nbsp;&nbsp;&nbsp;&nbsp; $25971<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24464<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24873<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31334<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37276<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 0.91<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp;&nbsp;&nbsp; 0.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 0.91<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73<br> %<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.24<br> %<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.07<br> %<sup>(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 1.48<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.60% | &nbsp;&nbsp;&nbsp;&nbsp; 4.46% | &nbsp;&nbsp;&nbsp;&nbsp; 3.23% | &nbsp;&nbsp;&nbsp;&nbsp; (0.37)% | &nbsp;&nbsp;&nbsp;&nbsp; (0.70)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 1.48<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.60% | &nbsp;&nbsp;&nbsp;&nbsp; 4.46% | &nbsp;&nbsp;&nbsp;&nbsp; 3.37% | &nbsp;&nbsp;&nbsp;&nbsp; 0.19% | &nbsp;&nbsp;&nbsp;&nbsp; 0.00% |

---

------

(a)Calculated based upon average shares outstanding.

(b)Less than $0.01 per share.

(c)Not Annualized.

(d)Annualized.

(e)CCO Fees are not included in the expense limitation.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **S&P 500 Index Fund <br>Investor Shares** | **Six Months Ended February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $81.27<br>| &nbsp;&nbsp;&nbsp;&nbsp; $80.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; $68.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; $62.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; $74.67<br>| &nbsp;&nbsp;&nbsp;&nbsp; $62.19<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.33 | &nbsp;&nbsp;&nbsp;&nbsp; 0.71 | &nbsp;&nbsp;&nbsp;&nbsp; 0.76 | &nbsp;&nbsp;&nbsp;&nbsp; 0.82 | &nbsp;&nbsp;&nbsp;&nbsp; 0.73 | &nbsp;&nbsp;&nbsp;&nbsp; 0.73 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 5.46 | &nbsp;&nbsp;&nbsp;&nbsp; 10.80 | &nbsp;&nbsp;&nbsp;&nbsp; 16.25 | &nbsp;&nbsp;&nbsp;&nbsp; 8.51 | &nbsp;&nbsp;&nbsp;&nbsp; (8.86) | &nbsp;&nbsp;&nbsp;&nbsp; 16.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 5.79 | &nbsp;&nbsp;&nbsp;&nbsp; 11.51 | &nbsp;&nbsp;&nbsp;&nbsp; 17.01 | &nbsp;&nbsp;&nbsp;&nbsp; 9.33 | &nbsp;&nbsp;&nbsp;&nbsp; (8.13) | &nbsp;&nbsp;&nbsp;&nbsp; 17.66 |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.50) | &nbsp;&nbsp;&nbsp;&nbsp; (0.75) | &nbsp;&nbsp;&nbsp;&nbsp; (0.74) | &nbsp;&nbsp;&nbsp;&nbsp; (0.89) | &nbsp;&nbsp;&nbsp;&nbsp; (0.79) | &nbsp;&nbsp;&nbsp;&nbsp; (0.77) |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; (2.35) | &nbsp;&nbsp;&nbsp;&nbsp; (9.67) | &nbsp;&nbsp;&nbsp;&nbsp; (4.81) | &nbsp;&nbsp;&nbsp;&nbsp; (2.12) | &nbsp;&nbsp;&nbsp;&nbsp; (3.35) | &nbsp;&nbsp;&nbsp;&nbsp; (4.41) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (2.85) | &nbsp;&nbsp;&nbsp;&nbsp; (10.42) | &nbsp;&nbsp;&nbsp;&nbsp; (5.55) | &nbsp;&nbsp;&nbsp;&nbsp; (3.01) | &nbsp;&nbsp;&nbsp;&nbsp; (4.14) | &nbsp;&nbsp;&nbsp;&nbsp; (5.18) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $84.21<br>| &nbsp;&nbsp;&nbsp;&nbsp; $81.27<br>| &nbsp;&nbsp;&nbsp;&nbsp; $80.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; $68.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; $62.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; $74.67<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 6.94<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 15.40% | &nbsp;&nbsp;&nbsp;&nbsp; 26.64% | &nbsp;&nbsp;&nbsp;&nbsp; 15.54% | &nbsp;&nbsp;&nbsp;&nbsp; (11.54)% | &nbsp;&nbsp;&nbsp;&nbsp; 30.46% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year or period (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $315121<br>| &nbsp;&nbsp;&nbsp;&nbsp; $297934<br>| &nbsp;&nbsp;&nbsp;&nbsp; $278567<br>| &nbsp;&nbsp;&nbsp;&nbsp; $228102<br>| &nbsp;&nbsp;&nbsp;&nbsp; $208367<br>| &nbsp;&nbsp;&nbsp;&nbsp; $243580<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets: | &nbsp;&nbsp;&nbsp;&nbsp; 0.44<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.42% | &nbsp;&nbsp;&nbsp;&nbsp; 0.43% | &nbsp;&nbsp;&nbsp;&nbsp; 0.41% | &nbsp;&nbsp;&nbsp;&nbsp; 0.43% | &nbsp;&nbsp;&nbsp;&nbsp; 0.43% |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.39<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.92% | &nbsp;&nbsp;&nbsp;&nbsp; 1.06% | &nbsp;&nbsp;&nbsp;&nbsp; 1.33% | &nbsp;&nbsp;&nbsp;&nbsp; 1.06% | &nbsp;&nbsp;&nbsp;&nbsp; 1.09% |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 2<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 10% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 1% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; 9% |

---

**See accompanying notes to financial statements.**

**Financial Highlights<br>(For a Share Outstanding Throughout Each Year or Period) (Continued)**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **S&P 500 Index Fund <br>K Shares** | **Six Months Ended February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $80.95<br>| &nbsp;&nbsp;&nbsp;&nbsp; $79.90<br>| &nbsp;&nbsp;&nbsp;&nbsp; $68.50<br>| &nbsp;&nbsp;&nbsp;&nbsp; $62.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; $74.45<br>| &nbsp;&nbsp;&nbsp;&nbsp; $62.02<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.12 | &nbsp;&nbsp;&nbsp;&nbsp; 0.32 | &nbsp;&nbsp;&nbsp;&nbsp; 0.41 | &nbsp;&nbsp;&nbsp;&nbsp; 0.51 | &nbsp;&nbsp;&nbsp;&nbsp; 0.37 | &nbsp;&nbsp;&nbsp;&nbsp; 0.40 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 5.34 | &nbsp;&nbsp;&nbsp;&nbsp; 10.76 | &nbsp;&nbsp;&nbsp;&nbsp; 16.20 | &nbsp;&nbsp;&nbsp;&nbsp; 8.49 | &nbsp;&nbsp;&nbsp;&nbsp; (8.83) | &nbsp;&nbsp;&nbsp;&nbsp; 16.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 5.46 | &nbsp;&nbsp;&nbsp;&nbsp; 11.08 | &nbsp;&nbsp;&nbsp;&nbsp; 16.61 | &nbsp;&nbsp;&nbsp;&nbsp; 9.00 | &nbsp;&nbsp;&nbsp;&nbsp; (8.46) | &nbsp;&nbsp;&nbsp;&nbsp; 17.29 |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.20) | &nbsp;&nbsp;&nbsp;&nbsp; (0.36) | &nbsp;&nbsp;&nbsp;&nbsp; (0.40) | &nbsp;&nbsp;&nbsp;&nbsp; (0.58) | &nbsp;&nbsp;&nbsp;&nbsp; (0.44) | &nbsp;&nbsp;&nbsp;&nbsp; (0.45) |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; (2.35) | &nbsp;&nbsp;&nbsp;&nbsp; (9.67) | &nbsp;&nbsp;&nbsp;&nbsp; (4.81) | &nbsp;&nbsp;&nbsp;&nbsp; (2.12) | &nbsp;&nbsp;&nbsp;&nbsp; (3.35) | &nbsp;&nbsp;&nbsp;&nbsp; (4.41) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (2.55) | &nbsp;&nbsp;&nbsp;&nbsp; (10.03) | &nbsp;&nbsp;&nbsp;&nbsp; (5.21) | &nbsp;&nbsp;&nbsp;&nbsp; (2.70) | &nbsp;&nbsp;&nbsp;&nbsp; (3.79) | &nbsp;&nbsp;&nbsp;&nbsp; (4.86) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $83.86<br>| &nbsp;&nbsp;&nbsp;&nbsp; $80.95<br>| &nbsp;&nbsp;&nbsp;&nbsp; $79.90<br>| &nbsp;&nbsp;&nbsp;&nbsp; $68.50<br>| &nbsp;&nbsp;&nbsp;&nbsp; $62.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; $74.45<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 6.67<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 14.82% | &nbsp;&nbsp;&nbsp;&nbsp; 26.02% | &nbsp;&nbsp;&nbsp;&nbsp; 14.97% | &nbsp;&nbsp;&nbsp;&nbsp; (11.99)% | &nbsp;&nbsp;&nbsp;&nbsp; 29.82% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year or period (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $1922<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2422<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2040<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2353<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2130<br>| &nbsp;&nbsp;&nbsp;&nbsp; $3899<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.93<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.92% | &nbsp;&nbsp;&nbsp;&nbsp; 0.93% | &nbsp;&nbsp;&nbsp;&nbsp; 0.91% | &nbsp;&nbsp;&nbsp;&nbsp; 0.93% | &nbsp;&nbsp;&nbsp;&nbsp; 0.93% |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.30<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.42% | &nbsp;&nbsp;&nbsp;&nbsp; 0.58% | &nbsp;&nbsp;&nbsp;&nbsp; 0.83% | &nbsp;&nbsp;&nbsp;&nbsp; 0.55% | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 2<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 10% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 1% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; 9% |

---

------

(a)Calculated based upon average shares outstanding.

(b)Not Annualized.

(c)Annualized.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **S&P MidCap Index Fund <br>Investor Shares** | **Six Months Ended February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $26.56<br>| &nbsp;&nbsp;&nbsp;&nbsp; $27.59<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.93<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.55<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.45<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.07<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.10 | &nbsp;&nbsp;&nbsp;&nbsp; 0.23 | &nbsp;&nbsp;&nbsp;&nbsp; 0.24 | &nbsp;&nbsp;&nbsp;&nbsp; 0.26 | &nbsp;&nbsp;&nbsp;&nbsp; 0.24 | &nbsp;&nbsp;&nbsp;&nbsp; 0.29 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 2.59 | &nbsp;&nbsp;&nbsp;&nbsp; 1.49 | &nbsp;&nbsp;&nbsp;&nbsp; 3.89 | &nbsp;&nbsp;&nbsp;&nbsp; 2.22 | &nbsp;&nbsp;&nbsp;&nbsp; (3.26) | &nbsp;&nbsp;&nbsp;&nbsp; 9.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 2.69 | &nbsp;&nbsp;&nbsp;&nbsp; 1.72 | &nbsp;&nbsp;&nbsp;&nbsp; 4.13 | &nbsp;&nbsp;&nbsp;&nbsp; 2.48 | &nbsp;&nbsp;&nbsp;&nbsp; (3.02) | &nbsp;&nbsp;&nbsp;&nbsp; 9.59 |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.16) | &nbsp;&nbsp;&nbsp;&nbsp; (0.25) | &nbsp;&nbsp;&nbsp;&nbsp; (0.22) | &nbsp;&nbsp;&nbsp;&nbsp; (0.31) | &nbsp;&nbsp;&nbsp;&nbsp; (0.37) | &nbsp;&nbsp;&nbsp;&nbsp; (0.22) |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; (1.23) | &nbsp;&nbsp;&nbsp;&nbsp; (2.50) | &nbsp;&nbsp;&nbsp;&nbsp; (1.25) | &nbsp;&nbsp;&nbsp;&nbsp; (1.79) | &nbsp;&nbsp;&nbsp;&nbsp; (2.51) | &nbsp;&nbsp;&nbsp;&nbsp; (1.99) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (1.39) | &nbsp;&nbsp;&nbsp;&nbsp; (2.75) | &nbsp;&nbsp;&nbsp;&nbsp; (1.47) | &nbsp;&nbsp;&nbsp;&nbsp; (2.10) | &nbsp;&nbsp;&nbsp;&nbsp; (2.88) | &nbsp;&nbsp;&nbsp;&nbsp; (2.21) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $27.86<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.56<br>| &nbsp;&nbsp;&nbsp;&nbsp; $27.59<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.93<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.55<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.45<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 10.38<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 6.06% | &nbsp;&nbsp;&nbsp;&nbsp; 17.73% | &nbsp;&nbsp;&nbsp;&nbsp; 10.50% | &nbsp;&nbsp;&nbsp;&nbsp; (10.66)% | &nbsp;&nbsp;&nbsp;&nbsp; 44.10% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year or period (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $113224<br>| &nbsp;&nbsp;&nbsp;&nbsp; $107678<br>| &nbsp;&nbsp;&nbsp;&nbsp; $111341<br>| &nbsp;&nbsp;&nbsp;&nbsp; $108031<br>| &nbsp;&nbsp;&nbsp;&nbsp; $108466<br>| &nbsp;&nbsp;&nbsp;&nbsp; $132128<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.67<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.63% | &nbsp;&nbsp;&nbsp;&nbsp; 0.64% | &nbsp;&nbsp;&nbsp;&nbsp; 0.58% | &nbsp;&nbsp;&nbsp;&nbsp; 0.62% | &nbsp;&nbsp;&nbsp;&nbsp; 0.62% |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.39<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 0.96% | &nbsp;&nbsp;&nbsp;&nbsp; 1.06% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 10<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 12% | &nbsp;&nbsp;&nbsp;&nbsp; 19% | &nbsp;&nbsp;&nbsp;&nbsp; 13% | &nbsp;&nbsp;&nbsp;&nbsp; 12% | &nbsp;&nbsp;&nbsp;&nbsp; 19% |

---

**See accompanying notes to financial statements.**

**Financial Highlights<br>(For a Share Outstanding Throughout Each Year or Period) (Continued)**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **S&P MidCap Index Fund <br>K Shares** | **Six Months Ended February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $25.25<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.34<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.85<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.29<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.04 | &nbsp;&nbsp;&nbsp;&nbsp; 0.09 | &nbsp;&nbsp;&nbsp;&nbsp; 0.12 | &nbsp;&nbsp;&nbsp;&nbsp; 0.13 | &nbsp;&nbsp;&nbsp;&nbsp; 0.10 | &nbsp;&nbsp;&nbsp;&nbsp; 0.14 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 2.42 | &nbsp;&nbsp;&nbsp;&nbsp; 1.42 | &nbsp;&nbsp;&nbsp;&nbsp; 3.71 | &nbsp;&nbsp;&nbsp;&nbsp; 2.12 | &nbsp;&nbsp;&nbsp;&nbsp; (3.12) | &nbsp;&nbsp;&nbsp;&nbsp; 8.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 2.46 | &nbsp;&nbsp;&nbsp;&nbsp; 1.53 | &nbsp;&nbsp;&nbsp;&nbsp; 3.83 | &nbsp;&nbsp;&nbsp;&nbsp; 2.25 | &nbsp;&nbsp;&nbsp;&nbsp; (3.02) | &nbsp;&nbsp;&nbsp;&nbsp; 9.11 |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.06) | &nbsp;&nbsp;&nbsp;&nbsp; (0.12) | &nbsp;&nbsp;&nbsp;&nbsp; (0.09) | &nbsp;&nbsp;&nbsp;&nbsp; (0.18) | &nbsp;&nbsp;&nbsp;&nbsp; (0.22) | &nbsp;&nbsp;&nbsp;&nbsp; (0.09) |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; (1.23) | &nbsp;&nbsp;&nbsp;&nbsp; (2.50) | &nbsp;&nbsp;&nbsp;&nbsp; (1.25) | &nbsp;&nbsp;&nbsp;&nbsp; (1.79) | &nbsp;&nbsp;&nbsp;&nbsp; (2.51) | &nbsp;&nbsp;&nbsp;&nbsp; (1.99) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (1.29) | &nbsp;&nbsp;&nbsp;&nbsp; (2.62) | &nbsp;&nbsp;&nbsp;&nbsp; (1.34) | &nbsp;&nbsp;&nbsp;&nbsp; (1.97) | &nbsp;&nbsp;&nbsp;&nbsp; (2.73) | &nbsp;&nbsp;&nbsp;&nbsp; (2.08) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $26.42<br>| &nbsp;&nbsp;&nbsp;&nbsp; $25.25<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.34<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.85<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29.32<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 9.32<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 5.54% | &nbsp;&nbsp;&nbsp;&nbsp; 17.19% | &nbsp;&nbsp;&nbsp;&nbsp; 9.88% | &nbsp;&nbsp;&nbsp;&nbsp; (11.05)% | &nbsp;&nbsp;&nbsp;&nbsp; 43.33% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year or period (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $467<br>| &nbsp;&nbsp;&nbsp;&nbsp; $422<br>| &nbsp;&nbsp;&nbsp;&nbsp; $513<br>| &nbsp;&nbsp;&nbsp;&nbsp; $714<br>| &nbsp;&nbsp;&nbsp;&nbsp; $761<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1338<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 1.17<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.13% | &nbsp;&nbsp;&nbsp;&nbsp; 1.14% | &nbsp;&nbsp;&nbsp;&nbsp; 1.08% | &nbsp;&nbsp;&nbsp;&nbsp; 1.12% | &nbsp;&nbsp;&nbsp;&nbsp; 1.12% |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.14<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.44% | &nbsp;&nbsp;&nbsp;&nbsp; 0.49% | &nbsp;&nbsp;&nbsp;&nbsp; 0.68% | &nbsp;&nbsp;&nbsp;&nbsp; 0.37% | &nbsp;&nbsp;&nbsp;&nbsp; 0.48% |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 10<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 12% | &nbsp;&nbsp;&nbsp;&nbsp; 19% | &nbsp;&nbsp;&nbsp;&nbsp; 13% | &nbsp;&nbsp;&nbsp;&nbsp; 12% | &nbsp;&nbsp;&nbsp;&nbsp; 19% |

---

------

(a)Calculated based upon average shares outstanding.

(b)Not Annualized.

(c)Annualized.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **S&P SmallCap Index Fund <br>Investor Shares** | **Six Months Ended February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $22.28<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.86<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.25<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; $27.78<br>| &nbsp;&nbsp;&nbsp;&nbsp; $19.03<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.10 | &nbsp;&nbsp;&nbsp;&nbsp; 0.14 | &nbsp;&nbsp;&nbsp;&nbsp; 0.18 | &nbsp;&nbsp;&nbsp;&nbsp; 0.22 | &nbsp;&nbsp;&nbsp;&nbsp; 0.19 | &nbsp;&nbsp;&nbsp;&nbsp; 0.15 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 2.09 | &nbsp;&nbsp;&nbsp;&nbsp; 0.56 | &nbsp;&nbsp;&nbsp;&nbsp; 3.20 | &nbsp;&nbsp;&nbsp;&nbsp; 0.97 | &nbsp;&nbsp;&nbsp;&nbsp; (3.29) | &nbsp;&nbsp;&nbsp;&nbsp; 9.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 2.19 | &nbsp;&nbsp;&nbsp;&nbsp; 0.70 | &nbsp;&nbsp;&nbsp;&nbsp; 3.38 | &nbsp;&nbsp;&nbsp;&nbsp; 1.19 | &nbsp;&nbsp;&nbsp;&nbsp; (3.10) | &nbsp;&nbsp;&nbsp;&nbsp; 9.76 |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.16) | &nbsp;&nbsp;&nbsp;&nbsp; (0.23) | &nbsp;&nbsp;&nbsp;&nbsp; (0.18) | &nbsp;&nbsp;&nbsp;&nbsp; (0.26) | &nbsp;&nbsp;&nbsp;&nbsp; (0.25) | &nbsp;&nbsp;&nbsp;&nbsp; (0.12) |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; (1.74) | &nbsp;&nbsp;&nbsp;&nbsp; (2.05) | &nbsp;&nbsp;&nbsp;&nbsp; (0.59) | &nbsp;&nbsp;&nbsp;&nbsp; (1.86) | &nbsp;&nbsp;&nbsp;&nbsp; (2.25) | &nbsp;&nbsp;&nbsp;&nbsp; (0.89) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (1.90) | &nbsp;&nbsp;&nbsp;&nbsp; (2.28) | &nbsp;&nbsp;&nbsp;&nbsp; (0.77) | &nbsp;&nbsp;&nbsp;&nbsp; (2.12) | &nbsp;&nbsp;&nbsp;&nbsp; (2.50) | &nbsp;&nbsp;&nbsp;&nbsp; (1.01) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $22.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.28<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.86<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.25<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; $27.78<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 10.20<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.51% | &nbsp;&nbsp;&nbsp;&nbsp; 16.58% | &nbsp;&nbsp;&nbsp;&nbsp; 5.47% | &nbsp;&nbsp;&nbsp;&nbsp; (12.15)% | &nbsp;&nbsp;&nbsp;&nbsp; 52.93% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year or period (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $53416<br>| &nbsp;&nbsp;&nbsp;&nbsp; $51094<br>| &nbsp;&nbsp;&nbsp;&nbsp; $54223<br>| &nbsp;&nbsp;&nbsp;&nbsp; $50383<br>| &nbsp;&nbsp;&nbsp;&nbsp; $54011<br>| &nbsp;&nbsp;&nbsp;&nbsp; $64461<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.93<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; 0.72% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 0.81% |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.45<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.66% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; 1.06% | &nbsp;&nbsp;&nbsp;&nbsp; 0.76% | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 13<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 20% | &nbsp;&nbsp;&nbsp;&nbsp; 26% | &nbsp;&nbsp;&nbsp;&nbsp; 12% | &nbsp;&nbsp;&nbsp;&nbsp; 14% | &nbsp;&nbsp;&nbsp;&nbsp; 14% |

---

**See accompanying notes to financial statements.**

**Financial Highlights<br>(For a Share Outstanding Throughout Each Year or Period) (Continued)**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **S&P SmallCap Index Fund <br>K Shares** | **Six Months Ended February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $21.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.90<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.41<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.85<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.43<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.04 | &nbsp;&nbsp;&nbsp;&nbsp; 0.03 | &nbsp;&nbsp;&nbsp;&nbsp; 0.08 | &nbsp;&nbsp;&nbsp;&nbsp; 0.11 | &nbsp;&nbsp;&nbsp;&nbsp; 0.06 | &nbsp;&nbsp;&nbsp;&nbsp; 0.03 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 1.99 | &nbsp;&nbsp;&nbsp;&nbsp; 0.55 | &nbsp;&nbsp;&nbsp;&nbsp; 3.06 | &nbsp;&nbsp;&nbsp;&nbsp; 0.94 | &nbsp;&nbsp;&nbsp;&nbsp; (3.17) | &nbsp;&nbsp;&nbsp;&nbsp; 9.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 2.03 | &nbsp;&nbsp;&nbsp;&nbsp; 0.58 | &nbsp;&nbsp;&nbsp;&nbsp; 3.14 | &nbsp;&nbsp;&nbsp;&nbsp; 1.05 | &nbsp;&nbsp;&nbsp;&nbsp; (3.11) | &nbsp;&nbsp;&nbsp;&nbsp; 9.33 |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.09) | &nbsp;&nbsp;&nbsp;&nbsp; (0.12) | &nbsp;&nbsp;&nbsp;&nbsp; (0.06) | &nbsp;&nbsp;&nbsp;&nbsp; (0.15) | &nbsp;&nbsp;&nbsp;&nbsp; (0.12) | &nbsp;&nbsp;&nbsp;&nbsp; (0.02) |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; (1.74) | &nbsp;&nbsp;&nbsp;&nbsp; (2.05) | &nbsp;&nbsp;&nbsp;&nbsp; (0.59) | &nbsp;&nbsp;&nbsp;&nbsp; (1.86) | &nbsp;&nbsp;&nbsp;&nbsp; (2.25) | &nbsp;&nbsp;&nbsp;&nbsp; (0.89) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (1.83) | &nbsp;&nbsp;&nbsp;&nbsp; (2.17) | &nbsp;&nbsp;&nbsp;&nbsp; (0.65) | &nbsp;&nbsp;&nbsp;&nbsp; (2.01) | &nbsp;&nbsp;&nbsp;&nbsp; (2.37) | &nbsp;&nbsp;&nbsp;&nbsp; (0.91) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $21.51<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.90<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.41<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.85<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 9.95<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.00% | &nbsp;&nbsp;&nbsp;&nbsp; 16.02% | &nbsp;&nbsp;&nbsp;&nbsp; 4.94% | &nbsp;&nbsp;&nbsp;&nbsp; (12.60)% | &nbsp;&nbsp;&nbsp;&nbsp; 52.18% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year or period (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $476<br>| &nbsp;&nbsp;&nbsp;&nbsp; $610<br>| &nbsp;&nbsp;&nbsp;&nbsp; $740<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1757<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1854<br>| &nbsp;&nbsp;&nbsp;&nbsp; $3569<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 1.43<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.36% | &nbsp;&nbsp;&nbsp;&nbsp; 1.41% | &nbsp;&nbsp;&nbsp;&nbsp; 1.22% | &nbsp;&nbsp;&nbsp;&nbsp; 1.31% | &nbsp;&nbsp;&nbsp;&nbsp; 1.31% |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.21<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.16% | &nbsp;&nbsp;&nbsp;&nbsp; 0.38% | &nbsp;&nbsp;&nbsp;&nbsp; 0.56% | &nbsp;&nbsp;&nbsp;&nbsp; 0.27% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 13<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 20% | &nbsp;&nbsp;&nbsp;&nbsp; 26% | &nbsp;&nbsp;&nbsp;&nbsp; 12% | &nbsp;&nbsp;&nbsp;&nbsp; 14% | &nbsp;&nbsp;&nbsp;&nbsp; 14% |

---

------

(a)Calculated based upon average shares outstanding.

(b)Not Annualized.

(c)Annualized.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Shelton Equity Income Fund <br>Investor Shares** | **Six Months Ended February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $17.50<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.56<br>| &nbsp;&nbsp;&nbsp;&nbsp; $16.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; $19.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.68<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.09 | &nbsp;&nbsp;&nbsp;&nbsp; 0.19 | &nbsp;&nbsp;&nbsp;&nbsp; 0.21 | &nbsp;&nbsp;&nbsp;&nbsp; 0.23 | &nbsp;&nbsp;&nbsp;&nbsp; 0.16 | &nbsp;&nbsp;&nbsp;&nbsp; 0.18 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 0.95 | &nbsp;&nbsp;&nbsp;&nbsp; 1.35 | &nbsp;&nbsp;&nbsp;&nbsp; 2.89 | &nbsp;&nbsp;&nbsp;&nbsp; 1.77 | &nbsp;&nbsp;&nbsp;&nbsp; (1.71) | &nbsp;&nbsp;&nbsp;&nbsp; 4.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 1.04 | &nbsp;&nbsp;&nbsp;&nbsp; 1.54 | &nbsp;&nbsp;&nbsp;&nbsp; 3.10 | &nbsp;&nbsp;&nbsp;&nbsp; 2.00 | &nbsp;&nbsp;&nbsp;&nbsp; (1.55) | &nbsp;&nbsp;&nbsp;&nbsp; 4.80 |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (1.13) | &nbsp;&nbsp;&nbsp;&nbsp; (1.60) | &nbsp;&nbsp;&nbsp;&nbsp; (1.47) | &nbsp;&nbsp;&nbsp;&nbsp; (1.30) | &nbsp;&nbsp;&nbsp;&nbsp; (1.61) | &nbsp;&nbsp;&nbsp;&nbsp; (1.64) |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; (0.04) | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (0.27) | &nbsp;&nbsp;&nbsp;&nbsp; (0.22) | &nbsp;&nbsp;&nbsp;&nbsp; (0.43) | &nbsp;&nbsp;&nbsp;&nbsp; (2.53) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (1.17) | &nbsp;&nbsp;&nbsp;&nbsp; (1.60) | &nbsp;&nbsp;&nbsp;&nbsp; (1.74) | &nbsp;&nbsp;&nbsp;&nbsp; (1.52) | &nbsp;&nbsp;&nbsp;&nbsp; (2.04) | &nbsp;&nbsp;&nbsp;&nbsp; (4.17) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $17.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.50<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.56<br>| &nbsp;&nbsp;&nbsp;&nbsp; $16.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; $19.31<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 3.91<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 9.38% | &nbsp;&nbsp;&nbsp;&nbsp; 20.53% | &nbsp;&nbsp;&nbsp;&nbsp; 13.65% | &nbsp;&nbsp;&nbsp;&nbsp; (8.72)% | &nbsp;&nbsp;&nbsp;&nbsp; 30.38% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year or period (000s) | &nbsp;&nbsp; $1061725<br>| &nbsp;&nbsp;&nbsp;&nbsp; $986961<br>| &nbsp;&nbsp;&nbsp;&nbsp; $747349<br>| &nbsp;&nbsp;&nbsp;&nbsp; $524125<br>| &nbsp;&nbsp;&nbsp;&nbsp; $360196<br>| &nbsp;&nbsp;&nbsp;&nbsp; $226412<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.64% | &nbsp;&nbsp;&nbsp;&nbsp; 0.67% | &nbsp;&nbsp;&nbsp;&nbsp; 0.69% | &nbsp;&nbsp;&nbsp;&nbsp; 0.72% | &nbsp;&nbsp;&nbsp;&nbsp; 0.74% |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.51<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.09% | &nbsp;&nbsp;&nbsp;&nbsp; 1.29% | &nbsp;&nbsp;&nbsp;&nbsp; 1.51% | &nbsp;&nbsp;&nbsp;&nbsp; 0.91% | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 57<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; 74% | &nbsp;&nbsp;&nbsp;&nbsp; 79% | &nbsp;&nbsp;&nbsp;&nbsp; 49% | &nbsp;&nbsp;&nbsp;&nbsp; 108% |

---

**See accompanying notes to financial statements.**

**Financial Highlights<br>(For a Share Outstanding Throughout Each Year or Period) (Continued)**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Shelton Equity Income Fund <br>K Shares** | **Six Months Ended February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $16.30<br>| &nbsp;&nbsp;&nbsp;&nbsp; $16.54<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.42<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.01<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.69<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.21<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.04 | &nbsp;&nbsp;&nbsp;&nbsp; 0.09 | &nbsp;&nbsp;&nbsp;&nbsp; 0.13 | &nbsp;&nbsp;&nbsp;&nbsp; 0.15 | &nbsp;&nbsp;&nbsp;&nbsp; 0.05 | &nbsp;&nbsp;&nbsp;&nbsp; 0.09 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 0.91 | &nbsp;&nbsp;&nbsp;&nbsp; 1.27 | &nbsp;&nbsp;&nbsp;&nbsp; 2.74 | &nbsp;&nbsp;&nbsp;&nbsp; 1.68 | &nbsp;&nbsp;&nbsp;&nbsp; (1.62) | &nbsp;&nbsp;&nbsp;&nbsp; 4.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 0.95 | &nbsp;&nbsp;&nbsp;&nbsp; 1.36 | &nbsp;&nbsp;&nbsp;&nbsp; 2.87 | &nbsp;&nbsp;&nbsp;&nbsp; 1.83 | &nbsp;&nbsp;&nbsp;&nbsp; (1.57) | &nbsp;&nbsp;&nbsp;&nbsp; 4.57 |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (1.13) | &nbsp;&nbsp;&nbsp;&nbsp; (1.60) | &nbsp;&nbsp;&nbsp;&nbsp; (1.48) | &nbsp;&nbsp;&nbsp;&nbsp; (1.20) | &nbsp;&nbsp;&nbsp;&nbsp; (1.68) | &nbsp;&nbsp;&nbsp;&nbsp; (1.56) |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; (0.04) | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (0.27) | &nbsp;&nbsp;&nbsp;&nbsp; (0.22) | &nbsp;&nbsp;&nbsp;&nbsp; (0.43) | &nbsp;&nbsp;&nbsp;&nbsp; (2.53) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (1.17) | &nbsp;&nbsp;&nbsp;&nbsp; (1.60) | &nbsp;&nbsp;&nbsp;&nbsp; (1.75) | &nbsp;&nbsp;&nbsp;&nbsp; (1.42) | &nbsp;&nbsp;&nbsp;&nbsp; (2.11) | &nbsp;&nbsp;&nbsp;&nbsp; (4.09) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $16.08<br>| &nbsp;&nbsp;&nbsp;&nbsp; $16.30<br>| &nbsp;&nbsp;&nbsp;&nbsp; $16.54<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.42<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.01<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.69<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 3.63<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 8.84% | &nbsp;&nbsp;&nbsp;&nbsp; 19.97% | &nbsp;&nbsp;&nbsp;&nbsp; 13.07% | &nbsp;&nbsp;&nbsp;&nbsp; (9.17)% | &nbsp;&nbsp;&nbsp;&nbsp; 29.73% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year or period (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $109<br>| &nbsp;&nbsp;&nbsp;&nbsp; $176<br>| &nbsp;&nbsp;&nbsp;&nbsp; $154<br>| &nbsp;&nbsp;&nbsp;&nbsp; $619<br>| &nbsp;&nbsp;&nbsp;&nbsp; $654<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1391<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 1.11<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.14% | &nbsp;&nbsp;&nbsp;&nbsp; 1.19% | &nbsp;&nbsp;&nbsp;&nbsp; 1.19% | &nbsp;&nbsp;&nbsp;&nbsp; 1.23% | &nbsp;&nbsp;&nbsp;&nbsp; 1.24% |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.23<br> %<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% | &nbsp;&nbsp;&nbsp;&nbsp; 0.30% | &nbsp;&nbsp;&nbsp;&nbsp; 0.49% |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 57<br> %<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; 74% | &nbsp;&nbsp;&nbsp;&nbsp; 79% | &nbsp;&nbsp;&nbsp;&nbsp; 49% | &nbsp;&nbsp;&nbsp;&nbsp; 108% |

---

------

(a)Calculated based upon average shares outstanding.

(b)Not Annualized.

(c)Annualized.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Nasdaq-100 Index Fund <br>Investor Shares** | **Six Months Ended February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | $43.42<br>| $39.35<br>| $33.50<br>| $27.28<br>| $35.45<br>| $27.78<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | 0.04 | 0.11 | 0.16 | 0.13 | 0.09 | 0.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | 3.01 | 7.31 | 8.25 | 6.99 | (7.31) | 7.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | 3.05 | 7.42 | 8.41 | 7.12 | (7.22) | 8.05 |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.06) | (0.12) | (0.16) | (0.13) | (0.07) | (0.11) |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | (1.55) | (3.23) | (2.40) | (0.77) | (0.88) | (0.27) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | (1.61) | (3.35) | (2.56) | (0.90) | (0.95) | (0.38) |
| Net asset value, end of year or period | $44.86<br>| $43.42<br>| $39.35<br>| $33.50<br>| $27.28<br>| $35.45<br>|
| Total return | 6.93<br> %<sup>(b)</sup> | 19.90% | 26.82% | 27.05% | (20.95)% | 29.31% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year (000s) | $1872183<br>| $1889700<br>| $1745142<br>| $1287407<br>| $971812<br>| $1188238<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursements | 0.65<br> %<sup>(c)</sup> | 0.64% | 0.64% | 0.66% | 0.63% | 0.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursements | 0.52<br> %<sup>(d)</sup> | 0.52<br> %<sup>(d)</sup> | 0.51<br> %<sup>(d)</sup> | 0.50<br> %<sup>(d)</sup> | 0.50<br> %<sup>(d)</sup> | 0.50<br> %<sup>(d)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursements | 0.02<br> %<sup>(c)</sup> | 0.16% | 0.32% | 0.30% | 0.16% | 0.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursements | 0.08<br> %<sup>(c)</sup> | 0.28% | 0.44% | 0.46% | 0.29% | 0.24% |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | 10<br> %<sup>(b)</sup> | 15% | 11% | 22% | 6% | 7% |

---

**See accompanying notes to financial statements.**

**Financial Highlights<br>(For a Share Outstanding Throughout Each Year or Period) (Continued)**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Nasdaq-100 Index Fund <br>K Shares** | **Six Months Ended February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $41.43<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37.68<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.23<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.21<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.88<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (0.02 | &nbsp;&nbsp;&nbsp;&nbsp; 0.01 | &nbsp;&nbsp;&nbsp;&nbsp; 0.05 | &nbsp;&nbsp;&nbsp;&nbsp; 0.01 | &nbsp;&nbsp;&nbsp;&nbsp; (0.07) | &nbsp;&nbsp;&nbsp;&nbsp; (0.07) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 2.86 | &nbsp;&nbsp;&nbsp;&nbsp; 6.99 | &nbsp;&nbsp;&nbsp;&nbsp; 7.90 | &nbsp;&nbsp;&nbsp;&nbsp; 6.73 | &nbsp;&nbsp;&nbsp;&nbsp; (7.03) | &nbsp;&nbsp;&nbsp;&nbsp; 7.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 2.84 | &nbsp;&nbsp;&nbsp;&nbsp; 7.00 | &nbsp;&nbsp;&nbsp;&nbsp; 7.95 | &nbsp;&nbsp;&nbsp;&nbsp; 6.74 | &nbsp;&nbsp;&nbsp;&nbsp; (7.10) | &nbsp;&nbsp;&nbsp;&nbsp; 7.63 |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (0.02) | &nbsp;&nbsp;&nbsp;&nbsp; (0.05) | &nbsp;&nbsp;&nbsp;&nbsp; (0.02) | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (0.03) |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; (1.55 | &nbsp;&nbsp;&nbsp;&nbsp; (3.23) | &nbsp;&nbsp;&nbsp;&nbsp; (2.40) | &nbsp;&nbsp;&nbsp;&nbsp; (0.77) | &nbsp;&nbsp;&nbsp;&nbsp; (0.88) | &nbsp;&nbsp;&nbsp;&nbsp; (0.27) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (1.55 | &nbsp;&nbsp;&nbsp;&nbsp; (3.25) | &nbsp;&nbsp;&nbsp;&nbsp; (2.45) | &nbsp;&nbsp;&nbsp;&nbsp; (0.79) | &nbsp;&nbsp;&nbsp;&nbsp; (0.88) | &nbsp;&nbsp;&nbsp;&nbsp; (0.30) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $42.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; $41.43<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37.68<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.23<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.21<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 6.79 | &nbsp;&nbsp;&nbsp;&nbsp; 19.62% | &nbsp;&nbsp;&nbsp;&nbsp; 26.41% | &nbsp;&nbsp;&nbsp;&nbsp; 26.56% | &nbsp;&nbsp;&nbsp;&nbsp; (21.36)% | &nbsp;&nbsp;&nbsp;&nbsp; 28.66% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $41249<br>| &nbsp;&nbsp;&nbsp;&nbsp; $41024<br>| &nbsp;&nbsp;&nbsp;&nbsp; $36321<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32048<br>| &nbsp;&nbsp;&nbsp;&nbsp; $27273<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38457<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 0.89 | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 0.91% | &nbsp;&nbsp;&nbsp;&nbsp; 1.02% | &nbsp;&nbsp;&nbsp;&nbsp; 1.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 0.77 | &nbsp;&nbsp;&nbsp;&nbsp; 0.77<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.81<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.91<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.00<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.00<br> %<sup>(d)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; (0.10 | &nbsp;&nbsp;&nbsp;&nbsp; (0.09)% | &nbsp;&nbsp;&nbsp;&nbsp; 0.07% | &nbsp;&nbsp;&nbsp;&nbsp; 0.05% | &nbsp;&nbsp;&nbsp;&nbsp; (0.24)% | &nbsp;&nbsp;&nbsp;&nbsp; (0.38)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; (0.04 | &nbsp;&nbsp;&nbsp;&nbsp; 0.03% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.05% | &nbsp;&nbsp;&nbsp;&nbsp; (0.22)% | &nbsp;&nbsp;&nbsp;&nbsp; (0.25)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 15% | &nbsp;&nbsp;&nbsp;&nbsp; 11% | &nbsp;&nbsp;&nbsp;&nbsp; 22% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; 7% |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Nasdaq-100 Index Fund <br>Institutional Shares<sup>(</sup>**<sup>**e**</sup><sup>**)**</sup> | **Six Months Ended <br>February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Period Ended August 31, <br>2022** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $43.54<br>| &nbsp;&nbsp;&nbsp;&nbsp; $39.44<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.53<br>| &nbsp;&nbsp;&nbsp;&nbsp; $27.28<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29.61<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.09 | &nbsp;&nbsp;&nbsp;&nbsp; 0.21 | &nbsp;&nbsp;&nbsp;&nbsp; 0.24 | &nbsp;&nbsp;&nbsp;&nbsp; 0.22 | &nbsp;&nbsp;&nbsp;&nbsp; 0.07 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 3.06 | &nbsp;&nbsp;&nbsp;&nbsp; 7.34 | &nbsp;&nbsp;&nbsp;&nbsp; 8.27 | &nbsp;&nbsp;&nbsp;&nbsp; 6.93 | &nbsp;&nbsp;&nbsp;&nbsp; (2.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 3.15 | &nbsp;&nbsp;&nbsp;&nbsp; 7.55 | &nbsp;&nbsp;&nbsp;&nbsp; 8.51 | &nbsp;&nbsp;&nbsp;&nbsp; 7.15 | &nbsp;&nbsp;&nbsp;&nbsp; (2.31 |
| LESS DISTRIBUTIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.14 | &nbsp;&nbsp;&nbsp;&nbsp; (0.22) | &nbsp;&nbsp;&nbsp;&nbsp; (0.20) | &nbsp;&nbsp;&nbsp;&nbsp; (0.13) | &nbsp;&nbsp;&nbsp;&nbsp; (0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; (1.55 | &nbsp;&nbsp;&nbsp;&nbsp; (3.23) | &nbsp;&nbsp;&nbsp;&nbsp; (2.40) | &nbsp;&nbsp;&nbsp;&nbsp; (0.77) | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (1.69 | &nbsp;&nbsp;&nbsp;&nbsp; (3.45) | &nbsp;&nbsp;&nbsp;&nbsp; (2.60) | &nbsp;&nbsp;&nbsp;&nbsp; (0.90) | &nbsp;&nbsp;&nbsp;&nbsp; (0.02 |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $45.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $43.54<br>| &nbsp;&nbsp;&nbsp;&nbsp; $39.44<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.53<br>| &nbsp;&nbsp;&nbsp;&nbsp; $27.28<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 7.06 | &nbsp;&nbsp;&nbsp;&nbsp; 20.22% | &nbsp;&nbsp;&nbsp;&nbsp; 27.14% | &nbsp;&nbsp;&nbsp;&nbsp; 27.15% | &nbsp;&nbsp;&nbsp;&nbsp; (7.80 |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $91388<br>| &nbsp;&nbsp;&nbsp;&nbsp; $58147<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37076<br>| &nbsp;&nbsp;&nbsp;&nbsp; $5022<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 0.38 | &nbsp;&nbsp;&nbsp;&nbsp; 0.39% | &nbsp;&nbsp;&nbsp;&nbsp; 0.38% | &nbsp;&nbsp;&nbsp;&nbsp; 0.38% | &nbsp;&nbsp;&nbsp;&nbsp; 0.39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 0.26 | &nbsp;&nbsp;&nbsp;&nbsp; 0.27<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.27<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.26<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.39 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 0.14 | &nbsp;&nbsp;&nbsp;&nbsp; 0.41% | &nbsp;&nbsp;&nbsp;&nbsp; 0.53% | &nbsp;&nbsp;&nbsp;&nbsp; 0.58% | &nbsp;&nbsp;&nbsp;&nbsp; 0.49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursements | &nbsp;&nbsp;&nbsp;&nbsp; 0.20 | &nbsp;&nbsp;&nbsp;&nbsp; 0.53% | &nbsp;&nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp;&nbsp; 0.71% | &nbsp;&nbsp;&nbsp;&nbsp; 0.49 |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 15% | &nbsp;&nbsp;&nbsp;&nbsp; 11% | &nbsp;&nbsp;&nbsp;&nbsp; 22% | &nbsp;&nbsp;&nbsp;&nbsp; 6 |

---

------

(a)Calculated based upon average shares outstanding.

(b)Not Annualized.

(c)Annualized.

(d)CCO Fees are not included in the expense limitation.

(e)Class commenced operations on March 7, 2022.

(f)See Note 2 for reference to expenses excluded.

**See accompanying notes to financial statements.**

**Financial Highlights<br>(For a Share Outstanding Throughout Each Year or Period) (Continued)**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Shelton Sustainable Equity Fund <br>Investor Shares** | **Six Months Ended February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Year Ended August 31, <br>2023** | **Year Ended August 31, <br>2022** | **Year Ended August 31, <br>2021** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $34.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.61<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.80<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.99<br>| &nbsp;&nbsp;&nbsp;&nbsp; $49.07<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29.65<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.01 | &nbsp;&nbsp;&nbsp;&nbsp; 0.04 | &nbsp;&nbsp;&nbsp;&nbsp; 0.07 | &nbsp;&nbsp;&nbsp;&nbsp; 0.05 | &nbsp;&nbsp;&nbsp;&nbsp; 0.37 | &nbsp;&nbsp;&nbsp;&nbsp; (0.08) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.91 | &nbsp;&nbsp;&nbsp;&nbsp; 1.80 | &nbsp;&nbsp;&nbsp;&nbsp; 0.80 | &nbsp;&nbsp;&nbsp;&nbsp; (3.13) | &nbsp;&nbsp;&nbsp;&nbsp; (12.49) | &nbsp;&nbsp;&nbsp;&nbsp; 19.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 2.92 | &nbsp;&nbsp;&nbsp;&nbsp; 1.84 | &nbsp;&nbsp;&nbsp;&nbsp; 0.87 | &nbsp;&nbsp;&nbsp;&nbsp; (3.08) | &nbsp;&nbsp;&nbsp;&nbsp; (12.12) | &nbsp;&nbsp;&nbsp;&nbsp; 19.87 |
| LESS DISTRIBUTIONS |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.07) | &nbsp;&nbsp;&nbsp;&nbsp; (0.06) | &nbsp;&nbsp;&nbsp;&nbsp; (0.06) | &nbsp;&nbsp;&nbsp;&nbsp; (0.11)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (0.36) | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1.60) | &nbsp;&nbsp;&nbsp;&nbsp; (0.45) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (0.07) | &nbsp;&nbsp;&nbsp;&nbsp; (0.06) | &nbsp;&nbsp;&nbsp;&nbsp; (0.06) | &nbsp;&nbsp;&nbsp;&nbsp; (0.11) | &nbsp;&nbsp;&nbsp;&nbsp; (1.96) | &nbsp;&nbsp;&nbsp;&nbsp; (0.45) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $37.24<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.61<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.80<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.99<br>| &nbsp;&nbsp;&nbsp;&nbsp; $49.07<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 8.51<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 5.67% | &nbsp;&nbsp;&nbsp;&nbsp; 2.75% | &nbsp;&nbsp;&nbsp;&nbsp; (8.80)% | &nbsp;&nbsp;&nbsp;&nbsp; (25.52)% | &nbsp;&nbsp;&nbsp;&nbsp; 67.36% |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $63743<br>| &nbsp;&nbsp;&nbsp;&nbsp; $66642<br>| &nbsp;&nbsp;&nbsp;&nbsp; $104187<br>| &nbsp;&nbsp;&nbsp;&nbsp; $174955<br>| &nbsp;&nbsp;&nbsp;&nbsp; $279669<br>| &nbsp;&nbsp;&nbsp;&nbsp; $343542<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 1.35<br> %<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.26% | &nbsp;&nbsp;&nbsp;&nbsp; 1.25% | &nbsp;&nbsp;&nbsp;&nbsp; 1.23% | &nbsp;&nbsp;&nbsp;&nbsp; 1.16% | &nbsp;&nbsp;&nbsp;&nbsp; 1.16% |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.02<br> %<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.12% | &nbsp;&nbsp;&nbsp;&nbsp; 0.24% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp;&nbsp;&nbsp; (0.35)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 1<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 21% | &nbsp;&nbsp;&nbsp;&nbsp; 26% | &nbsp;&nbsp;&nbsp;&nbsp; 105% | &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; 12% |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| **Shelton Sustainable Equity Fund <br>Institutional Shares<sup>(</sup>**<sup>**f**</sup><sup>**)**</sup> | **Six Months Ended February 28, <br>2026 (Unaudited)** | **Year Ended August 31, <br>2025** | **Year Ended August 31, <br>2024** | **Period Ended August 31, <br>2023** |
| Net asset value, beginning of year | &nbsp;&nbsp;&nbsp;&nbsp; $34.58<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.89<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29.64<br>|
| INCOME FROM INVESTMENT OPERATIONS |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income/(loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.05 | &nbsp;&nbsp;&nbsp;&nbsp; 0.13 | &nbsp;&nbsp;&nbsp;&nbsp; 0.15 | &nbsp;&nbsp;&nbsp;&nbsp; 0.12 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain/(loss) on securities (both realized and unrealized) | &nbsp;&nbsp;&nbsp;&nbsp; 2.92 | &nbsp;&nbsp;&nbsp;&nbsp; 1.80 | &nbsp;&nbsp;&nbsp;&nbsp; 0.81 | &nbsp;&nbsp;&nbsp;&nbsp; 2.22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; 2.97 | &nbsp;&nbsp;&nbsp;&nbsp; 1.93 | &nbsp;&nbsp;&nbsp;&nbsp; 0.96 | &nbsp;&nbsp;&nbsp;&nbsp; 2.34 |
| LESS DISTRIBUTIONS |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.15) | &nbsp;&nbsp;&nbsp;&nbsp; (0.11) | &nbsp;&nbsp;&nbsp;&nbsp; (0.09) | &nbsp;&nbsp;&nbsp;&nbsp; (0.09)<sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from capital gains | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | &nbsp;&nbsp;&nbsp;&nbsp; (0.15) | &nbsp;&nbsp;&nbsp;&nbsp; (0.11) | &nbsp;&nbsp;&nbsp;&nbsp; (0.09) | &nbsp;&nbsp;&nbsp;&nbsp; (0.09) |
| Net asset value, end of year or period | &nbsp;&nbsp;&nbsp;&nbsp; $37.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.58<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.89<br>|
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; 8.64<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 5.93% | &nbsp;&nbsp;&nbsp;&nbsp; 3.01% | &nbsp;&nbsp;&nbsp;&nbsp; 7.90<br> %<sup>(d)</sup> |
| RATIOS / SUPPLEMENTAL DATA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of year (000s) | &nbsp;&nbsp;&nbsp;&nbsp; $9064<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9377<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9052<br>| &nbsp;&nbsp;&nbsp;&nbsp; $13162<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets: | &nbsp;&nbsp;&nbsp;&nbsp; 1.11<br> %<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.01% | &nbsp;&nbsp;&nbsp;&nbsp; 1.00% | &nbsp;&nbsp;&nbsp;&nbsp; 0.97<br> %<sup>(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income/(loss) to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.14<br> %<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.40% | &nbsp;&nbsp;&nbsp;&nbsp; 0.49% | &nbsp;&nbsp;&nbsp;&nbsp; 0.43<br> %<sup>(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover | &nbsp;&nbsp;&nbsp;&nbsp; 1<br> %<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 21% | &nbsp;&nbsp;&nbsp;&nbsp; 26% | &nbsp;&nbsp;&nbsp;&nbsp; 105% |

---

(a)Calculated based upon average shares outstanding.

(b)Net realized and unrealized gain/(loss) per share are balancing amounts necessary to reconcile the change in net asset value per share for the period, and may not reconcile with the aggregate gains and losses in the statement of operations due to share transactions for the period.

(c)$0.02 of this distribution was return of capital.

(d)Not Annualized.

(e)Annualized.

(f)Class commenced operations on October 10, 2022.

**Shelton Funds** **Notes to Financial Statements (Unaudited)** **February** **28, 2026**<br>

**Note 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

Each fund included herein is deemed to be an individual reporting segment and is not part of a consolidated reporting entity. The objective and strategy of each fund is used by the investment manager to make investment decisions, and the results of the operations, as shown in the statements of operations and the financial highlights for each fund is the information utilized for the day-to-day management of the funds. Each fund is party to the expense agreements as disclosed in the notes to the financial statements and resources are not allocated to a fund based on performance measurements. Due to the significance of oversight and their role, the Advisor is deemed to be the Chief Operating Decision Maker.

Green California Tax-Free Income Fund, U.S. Government Securities Fund, The United States Treasury Trust, S&P 500 Index Fund, S&P MidCap Index Fund, S&P SmallCap Index Fund, Shelton Equity Income Fund, Nasdaq-100 Index Fund, and Shelton Sustainable Equity Fund (formerly known as Shelton Green Alpha Fund) (the "Funds") are each a series of shares of beneficial interest of the Shelton Funds (the "Trust"). The Trust is registered under the Investment Company Act of 1940, as amended, as a diversified open-end management investment company. Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standard Codification Topic 946 "Financial Services – Investment Companies". The Trust is organized as a Delaware statutory trust and is authorized to issue an unlimited number of no par value shares in one or more series. The Trust, originally organized as two separate Massachusetts business trusts formed by Declarations of Trust dated September 11, 1985, as subsequently amended, was reorganized into a single Delaware statutory trust after the close of trading on December 29, 2006. The investment objectives of the Funds are as follows: Green California Tax-Free Income Fund seeks high current tax-free income for California residents. U.S. Government Securities Fund seeks liquidity, safety from credit risk and as high a level of income as is consistent with these objectives.The United States Treasury Trust seeks high current income exempt from state income taxes while maintaining a stable net asset value of $1.00 per share. S&P 500 Index Fund's objective is to attempt to replicate the total return of the U.S. stock market as measured by the S&P 500 Composite Stock Price Index. S&P MidCap Index Fund attempts to replicate the performance of medium-sized U.S. companies as measured by the S&P MidCap 400 Index. S&P SmallCap Index Fund attempts to replicate the performance of small-sized U.S. companies as measured by the S&P SmallCap 600 Stock Index. The Shelton Equity Income Fund's objective is to achieve a high level of income and capital appreciation (when consistent with high income) by investing primarily in income-producing U.S. equity securities. The Shelton Equity Income Fund changed its name from the Shelton Core Value Fund effective May 19, 2021. Shelton Sustainable Equity Fund seeks to achieve long-term capital appreciation by investing in stocks in the Sustainable Economy, as defined in the Fund's Prospectus. Shelton Sustainable Equity Fund changed its name from the Shelton Green Alpha Fund effective December 20, 2022. Nasdaq-100 Index Fund attempts to replicate the performance of the largest non-financial companies as measured by the Nasdaq-100 Index<sup>®</sup>.

U.S. Government Securities Fund, S&P 500 Index Fund, S&P MidCap Index Fund, S&P SmallCap Index Fund, Shelton Equity Income Fund, and Nasdaq-100 Index Fund each offer Investor Shares and Class K Shares. Shelton Sustainable Equity Fund offers Investor Shares and effective October 10, 2022, Shelton Sustainable Equity Fund also offers Institutional Shares. Effective March 7, 2022, Nasdaq-100 Index Fund also offers Institutional Shares. Shares of each Fund represent equal proportionate interest in the assets of that Fund only, and have identical voting, dividend, redemption, liquidation and other rights. Income, expenses (other than the expenses attributable to a specific class), and realized and unrealized gains or losses on investments of the Funds are allocated proportionately to each class of shares offered based on the daily net assets, except for Rule 12b-1 distribution fees and shareholder service fees, which are charged only to K Shares. The following is a summary of significant accounting policies followed by the Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a) Security Valuation* – Equity securities listed on a national exchange are valued at the last reported sales price. Futures contracts are valued at the settle price, depending on the exchange the contract trades on, typically as of 4:15 p.m., Eastern Time. Municipal securities are valued by an independent pricing service at a price determined by a matrix pricing method. This technique generally considers such factors as yields or prices of bonds of comparable quality, type of issue, coupon, maturity, ratings and general market conditions. U.S. government securities for which market quotations are readily available are valued at the mean between the closing bid and asked prices provided by an independent pricing service. U.S. agency securities consisting of mortgage pass-through certificates are valued using dealer quotations provided by an independent pricing service. U.S. Treasury Bills are valued at amortized cost which approximates market value. Securities with remaining maturities of 60 days or less are valued on the amortized cost basis as reflecting fair value. The United States Treasury Trust securities are valued at amortized cost, in accordance with procedures adopted by the Fund's valuation designee appointed by the Board of Trustees (the "Board") and which the valuation designee has determined in good faith reflects the market-based net asset value per share. The Fund receives options pricing data from the Trust's third party pricing service who use the last traded price to quote options positions.

Securities for which market quotes are not readily available from the Trust's third party pricing service are valued at fair value, determined in good faith and in accordance with procedures established established by the Pricing Committee of the Advisor, the Funds' valuation designee pursuant to Rule 2a-5. The Board has delegated to the valuation designee the responsibility for determining the fair value, subject to the Board oversight and the review of the pricing decisions at its quarterly meetings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b) Futures Contracts* – Initial margin deposits required upon entering into futures contracts are satisfied by the segregation of cash or U.S. treasury bills, as collateral, for the account of the broker (a Fund's agent in acquiring the futures position). During the period the futures contract is open, changes in the value of the contract are recognized as unrealized gains or losses by "marking to market" on a daily basis to reflect the market value of the contract at the end of each day's trading. Variation margin payments are made or received depending upon whether unrealized gains or losses are incurred. When the contract is closed, a Fund records a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the Fund's basis in the contract. The S&P 500 Index Fund, S&P MidCap Index Fund, S&P SmallCap Index Fund, Shelton Equity Income Fund, Shelton Sustainable Equity Fund and Nasdaq-100 Index Fund may purchase or sell stock index futures to maintain cash reserves while remaining fully invested, to facilitate trading, to reduce transaction costs, or to seek higher investment returns when a futures contract is priced more attractively than the underlying equity security or index. Risks include the possibility of an illiquid market and an imperfect correlation between the change in market value of the stocks held by a Fund and the prices of futures contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(c) Options* – The Shelton Equity Income Fund may write call options. When an option is written, the Fund receives a premium and becomes obligated to sell the underlying security at a fixed price, upon exercise of the option. Options can be traded through an exchange or through a privately negotiated arrangement with a dealer in an OTC transaction. Options traded through an exchange are generally cleared through a clearinghouse (such as the Options Clearing Corporation). The difference between the premium received or paid, and the market value of the option, is recorded as unrealized appreciation or depreciation.When an option is exercised, the proceeds of the security sold are adjusted by the amount of premium received. Upon the expiration of the option, a gain or loss is reported in the Statement of Operations. The risk in writing a call option is that the market price of the security increases and if the option is exercised, the Fund must either purchase the security at a higher price for delivery or give up the opportunity for profit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(d) Federal Income Taxes* – No provision is considered necessary for federal income taxes. The Funds intend to qualify for and elect the tax treatment applicable to regulated investment companies under the Internal Revenue Code and to distribute all of their taxable income to shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(e) Security Transactions, Investment Income and Distributions to Shareholders* – Security transactions are recorded on the trade date. The specific identification method is used for determining realized gains and losses. Interest income is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date. Withholding taxes on foreign dividends have been provided for, in accordance with the Trust's understanding of the applicable country's tax rules and rates. Distributions to shareholders are recorded on the ex-dividend date for Green California Tax-Free Income Fund, U.S. Government Securities Fund, S&P 500 Index Fund, S&P MidCap Index Fund, S&P SmallCap Index Fund, Shelton Equity Income Fund, Shelton Sustainable Equity Fund and Nasdaq-100 Index Fund. Income distributions and capital gain distributions are determined in accordance with income tax regulations which may differ from accounting principles generally accepted in the United

**Shelton Funds** **Notes to Financial Statements** **(Unaudited) (Continued)** **February** **28, 2026**<br>

States of America. These differences are primarily due to differing treatments for futures contracts, redemptions-in-kind and post-October capital losses. For The United States Treasury Trust, dividends from net investment income are declared daily and reinvested or paid in cash monthly. The U.S. Treasury Trust intends to maintain a continuous net asset value per share of $1.00. If net asset value per share using available market information deviates from $1.00 by $.005 or more, the Board of Trustees would consider what steps, if any, should be taken to restore net asset value per share to $1.00. Discounts and premiums on securities purchased are amortized or accreted using the effective interest method.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(f) Concentration* – Green California Tax-Free Income Fund invests in debt instruments of municipal issuers. The issuers' abilities to meet their obligations may be affected by economic developments in the state of California.

The S&P 500 Index Fund, S&P MidCap Index Fund, S&P SmallCap Index Fund, Shelton Equity Income Fund, and Nasdaq-100 Index Fund seek to replicate the performance of their respective index. From time to time this replication may lead a Fund to concentrate in stocks of a particular sector, category or group of companies, which could cause each Fund to underperform the overall stock market. See respective Portfolio of Investments for such concentrations as of year-end.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(g) Use of Estimates in Financial Statements* – In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of income and expense during the year. Actual results may differ from these estimates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(h) Share Valuations* – The net asset value ("NAV") per share of each Fund is calculated by dividing the sum of the value of the securities held by the Fund, plus cash or other assets, minus all liabilities (including estimated accrued expenses) by the total number of shares outstanding of the Fund, rounded to the nearest cent. A Fund's shares will not be priced on the days on which the NYSE is closed for trading. Bond and money market funds are closed on Columbus Day (observed) and Veteran's Day (observed). The offering and redemption price per share of each Fund is equal to a Fund's NAV per share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(i) Accounting for Uncertainty in Income Taxes* – The Funds recognize the tax benefits of uncertain tax positions only where the position is "more likely than not" to be sustained assuming examination by tax authorities. Management has analyzed each Fund's tax positions and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions taken on returns filed for open tax years (2021-2023), or expected to be taken in the Fund's 2025 tax returns. Each Fund identifies its major tax jurisdictions as U.S. Federal, however the Funds are not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(j) Fair Value Measurements* – The Funds utilize various methods to measure the fair value of most of their investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:

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

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

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

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

The following table summarizes the valuation inputs of the Trust's securities at February 28, 2026 using a fair value hierarchy:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Green California Tax-Free Income Fund** | **Level 1<sup>(a),(b)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $— | $32869505 | $— | $32869505 |
| Total | $— | $32869505 | $— | $32869505 |
| **U.S. Government Securities Fund** | **Level 1<sup>(a),(b)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $— | $11077160 | $— | $11077160 |
| Total | $— | $11077160 | $— | $11077160 |
| **The United States Treasury Trust Fund** | **Level 1<sup>(a),(b)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $— | $26323217 | $— | $26323217 |
| Total | $— | $26323217 | $— | $26323217 |
| **S&P 500 Index Fund**  | **Level 1<sup>(a),(b)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $311839892 | $4991427 | $— | $316831319 |
| Investments Purchased With Proceeds From Securities Lending<sup>(d)</sup> |  |  |  |  |
| Total | $311839892 | $4991427 | $— | $316831319 |
| **S&P 500 Index Fund - Future Contracts Liabilities** | **Level 1<sup>(a),(e)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $3750 | $— | $— | $3750 |
| Total | $3750 | $— | $— | $3750 |
| **S&P MidCap Index Fund** | **Level 1<sup>(a),(b)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $113164920 | $499143 | $— | $113664063 |
| Investments Purchased With Proceeds From Securities Lending<sup>(d)</sup> |  |  |  |  |
| Total | $113164920 | $499143 | $— | $113664063 |

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**Shelton Funds** **Notes to Financial Statements** **(Unaudited) (Continued)** **February** **28, 2026**<br>

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| | | | | |
|:---|:---|:---|:---|:---|
| **S&P MidCap Index Fund - Future Contracts Liabilities** | **Level 1<sup>(a),(e)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $1290 | $— | $— | $1290 |
| Total | $1290 | $— | $— | $1290 |
| **S&P SmallCap Index Fund** | **Level 1<sup>(a),(b)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $53367539 | $499143 | $0 | $53866682 |
| Investments Purchased With Proceeds From Securities Lending<sup>(d)</sup> |  |  |  |  |
| Total | $53367539 | $499143 | $0 | $53866682 |
| **S&P SmallCap Index Fund - Future Contracts Assets** | **Level 1<sup>(a),(e)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $12685 | $— | $— | $12685 |
| Total | $12685 | $— | $— | $12685 |
| **Shelton Equity Income Fund** | **Level 1<sup>(a),(b)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $961146513 | $97831977 | $— | $1058978490 |
| Total | $961146513 | $97831977 | $— | $1058978490 |
| **Shelton Equity Income Fund - Written Option Liabilities** | **Level 1<sup>(a),(b)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $6669195 | $— | $— | $6669195 |
| Total | $6669195 | $— | $— | $6669195 |
| **Nasdaq-100 Index Fund** | **Level 1<sup>(a),(b)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $1985869250 | $18568110 | $— | $2004437360 |
| Investments Purchased With Proceeds From Securities Lending<sup>(d)</sup> |  |  |  |  |
| Total | $1985869250 | $18568110 | $— | $2004437360 |
| **Nasdaq-100 Index Fund - Future Contracts Liabilities** | **Level 1<sup>(a),(e)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $18135 | $— | $— | $18135 |
| Total | $18135 | $— | $— | $18135 |
| **Shelton Sustainable Equity Fund** | **Level 1<sup>(a),(b)</sup>** | **Level 2<sup>(a),(c)</sup>** | **Level 3<sup>(a)</sup>** | **Total** |
| Investments in Securities | $70701818 | $1996571 | $— | $72698389 |
| Total | $70701818 | $1996571 | $— | $72698389 |

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(a)It is the Funds' policy to recognize transfers between levels on the last day of the fiscal reporting period. See following table for Level 3 reconciliation for applicable Funds.

(b)All publicly traded common stocks and preferred stocks held in the Funds are Level 1 securities. For a detailed break-out of equity securities by major industry classification, please refer to each Portfolio of Investments.

(c)All fixed income securities held in the Funds are Level 2 securities. For a detailed break-out of fixed income securities by type, please refer to each Portfolio of Investments.

(d)Certain investments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statement of Assets and Liabilities.

(e)Represents unrealized appreciation/depreciation on the last day of the reporting period.

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| | | |
|:---|:---|:---|
| **Level 3 Securities**  | **Level 3 Securities**  | **Level 3 Securities**  |
|  | **S&P 500 <br>Index Fund** | **S&P SmallCap Index Fund** |
| Beginning Balance | $2128<br>| $0<br>\*  |
| Net Purchases |  |  |
| Net Sales |  |  |
| Total Realized Gain/(Loss) |  |  |
| Change in Unrealized Appreciation (Depreciation) |  |  |
| Accrued Interest |  |  |
| Transfers into Level 3 |  |  |
| Transfers out of Level 3 |  |  |
| Ending Balance | $2128<br>| $0<br>\*  |

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------

\*Includes rights valued at $0 as of August 31, 2025 and February 28, 2026.

Disclosures surrounding Level 3 inputs have been omitted given that the overall fair value is immaterial to the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(k) Disclosure about Derivative Instruments and Hedging Activities –* The Funds have adopted enhanced disclosure regarding derivative and hedging activity intended to improve financial reporting of derivative instruments by enabling investors to understand how and why an entity uses derivatives, how derivatives are accounted for, and how derivative instruments affect an entity's results of operations and financial position. Information about the Funds' use of futures contracts and their impact on the financial statements is presented below. See Note 4 for information on the Funds' use of options contracts.

**Shelton Funds** **Notes to Financial Statements** **(Unaudited) (Continued)** **February** **28, 2026**<br>

S&P 500 Index Fund, S&P MidCap Index Fund, S&P SmallCap Index Fund, Shelton Equity Income Fund, Nasdaq-100 Index Fund and Shelton Sustainable Equity Fund can use futures contracts and strategies and Shelton Equity Income Fund can use option contracts and strategies for achieving the investment objectives.

Although the Funds' primary risks are associated with changes in the stock market, there are other risks associated with the Funds. For the index funds, these risks generally apply to how well the Funds track the index. For example, the Funds invest in futures contracts to the extent that it holds cash in the portfolio. If these futures contracts do not track the index, the Fund's performance relative to the respective index will change. For the non-indexed Funds, they may invest in futures contracts to the extent each Fund holds cash in the portfolio. If these futures contracts owned by each Fund do not perform well, the Funds' performance will be impacted. Refer to the Funds' prospectus and statement of additional for information regarding the risks associated with an investment in the Funds.

Under normal circumstances each Fund may follow a number of investment policies to achieve its objective. Losses involving futures can sometimes be substantial, in part because a relatively small price movement in a futures contract may result in an immediate and substantial loss for the Funds. In an effort to minimize this risk, the Funds will not use futures for speculative purposes or as leverage. It is the Funds' policy to hold cash deposits equal or greater than the total market value of any futures position. The value of all futures and options contracts in which the Funds acquire an interest will not exceed 20% of current total assets.

As of February 28, 2026, the number of open future contracts in the S&P 500 Index Fund, S&P MidCap Index Fund, S&P SmallCap Index Fund, and Nasdaq-100 Index Fund were 14, 1, 3, and 37, respectively. The Shelton Equity Income Fund and Shelton Sustainable Equity Fund held no futures contracts as of February 28, 2026. Only current day's variation margin is reported as an asset or liability within the statements of assets and liabilities. Shelton Capital Management utilizes Wells Fargo Securities as the counterparty for futures transactions.

The effect of futures contracts on the Statements of Assets & Liabilities as of February 28, 2026:

---

| | | |
|:---|:---|:---|
| **Derivatives Not Accounted for as Hedging Instruments** | **Variation Margin<br>Payable** | **Variation Margin<br>Receivable** |
| S&P 500 Index Fund - Equity contracts | $23650 | $— |
| S&P MidCap Index Fund - Equity contracts | 3120 |  |
| S&P SmallCap Index Fund - Equity contracts | 6885 |  |
| Nasdaq-100 Index Fund - Equity contracts | 76094 |  |

---

The effect of futures contracts on the Statements of Operations for the year ended February 28, 2026:

---

| | | |
|:---|:---|:---|
| **Derivatives Not Accounted for as Hedging Instruments** | **Realized Gain/(Loss)<br> on Futures** | **Changes in Unrealized<br>Appreciation/<br>(Depreciation)<br>on Futures** |
| S&P 500 Index Fund - Equity contracts | $213943 | $(275) |
| S&P MidCap Index Fund - Equity contracts | 46433 | 6550 |
| S&P SmallCap Index Fund - Equity contracts | 3333 | (17655) |
| Nasdaq-100 Index Fund - Equity contracts | 3812284 | 361055 |

---

The previously disclosed derivative instruments outstanding as of February 28, 2026, and their effect on the Statement of Operations for the year ending February 28, 2026, serve as indicators of the volume of financial derivative activity for the company. The following table indicates the average volume for the year:

---

| | |
|:---|:---|
| **Derivatives Not Accounted for as Hedging Instruments** | **Average Notional Value** |
| S&P 500 Index Fund - Equity contracts | $2725913 |
| S&P MidCap Index Fund - Equity contracts | 607430 |
| S&P SmallCap Index Fund - Equity contracts | 714580 |
| Nasdaq-100 Index Fund - Equity contracts | 23250269 |

---

**NOTE 2 - INVESTMENT MANAGEMENT FEE AND OTHER RELATED PARTY TRANSACTIONS**

Shelton Capital Management ("Shelton Capital" or the "Advisor"), a California limited partnership, provides each Fund with management and administrative services pursuant to investment management and administration servicing agreements.

In accordance with the terms of the management agreement, the Advisor receives compensation at the following annual rates:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **To $100 million<br>in net assets** | **$100 million to<br>$500 million in<br>net assets** | **$500 million to<br>$1 billion in net<br>assets** | **In excess of<br>$1 billion in net<br>assets** |
| Green California Tax-Free Income Fund | 0.50% | 0.45% | 0.40% | 0.40% |
| U.S. Government Securities Fund | 0.50% | 0.45% | 0.40% | 0.40% |
| U.S. Treasury Trust | 0.50% | 0.45% | 0.40% | 0.40% |
| S&P 500 Index Fund | 0.25% | 0.25% | 0.25% | 0.25% |
| S&P MidCap Index Fund | 0.40% | 0.40% | 0.40% | 0.40% |
| S&P SmallCap Index Fund | 0.50% | 0.50% | 0.45% | 0.40% |
| Shelton Equity Income Fund | 0.50% | 0.50% | 0.45% | 0.40% |
| Nasdaq-100 Index Fund | 0.25% | 0.25% | 0.25% | 0.25% |
| Shelton Sustainable Equity Fund | 0.75% | 0.75% | 0.75% | 0.75% |

---

The Advisor has contractually agreed to reimburse expenses incurred by certain Funds to the extent that total annual fund operating expenses (excluding acquired fund fees and expenses, certain compliance costs, interest, dividend, and broker expenses relating to investment strategies, taxes, extraordinary expenses such as litigation or merger and reorganization expenses, for example) exceed Contractual Expense Limitation noted in the table below. This additional contractual reimbursement is effective until January 1, 2025 for U.S Government Securities Fund and for The Nasdaq-100 Index Fund, unless renewed and is subject to recoupment

**Shelton Funds** **Notes to Financial Statements** **(Unaudited) (Continued)** **February** **28, 2026**<br>

within three fiscal years following reimbursement. Recoupment is limited to the extent the reimbursement does not exceed the lesser of the expense cap at the time of waiver or the expense cap in effect at the time of recoupment, and the effect of the reimbursement is measured after all ordinary operating expenses are calculated; any such reimbursement is subject to the Board of Trustees' review and approval.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contractual Expense Limitation** | **Contractual Expense Limitation** | **Contractual Expense Limitation** | **Contractual Expense Limitation** |
| **Fund** | **Investor Shares** | **K Shares** | **Institutional<br>Shares** | **Expiration** |
| U.S. Government Securities Fund | 0.75% | 1.25% | N/A | 1/1/26 |
| Nasdaq-100 Index Fund | 0.51% | 0.76% | 0.26% | 1/1/26 |

---

As of February 28, 2026, the remaining cumulative unreimbursed amount paid and/or waived by the Advisor on behalf of the Funds that may be recouped is $5,941,150. The Advisor may recapture a portion of the above amount no later than the dates as stated below. As of January 2, 2023, the U.S. Treasury Trust Fund was no longer subject to contractual expense limitations.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Expires <br>8/31/26** | **Expires <br>8/31/27** | **Expires <br>8/31/28** | **Total** |
| U.S. Government Securities Fund | $20185 | $55574 | $54982 | $130741 |
| The United States Treasury Trust Fund | 35013 |  |  | 35013 |
| Nasdaq-100 Index Fund | 1561495 | 1933149 | 2280752 | 5775396 |
| **Total** | $1616693 | $1988723 | $2335734 | $5941150 |

---

Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods.

As compensation for administrative duties not covered by the management agreement, Shelton Capital receives an administration fee. The administration fee is based on assets held, in aggregate, by the Shelton Funds. The fee rates are 0.10% on the first $500 million, 0.08% on the next $500 million, and 0.06% on combined assets over $1 billion. This administration fee is adjusted annually for inflation using the Consumer Price Index (rounded to the nearest $10 million) with a base year of 2004. Administration fees are disclosed on the Statements of Operations.

Certain officers and trustees of the Trust are also partners of Shelton Capital. Stephen Rogers has served as a trustee and Chairman of the Board of Trustees of the Trust since 1998, and President of the Trust since 1999. Mr. Rogers is also Chief Executive Officer of the Advisor. Gregory T. Pusch has served as the Chief Compliance Officer ("CCO") of the Trust since March 2017. Mr. Pusch is also employed by Shelton Capital, the Advisor and Administrator to the Trust. The Trust is responsible for the portion of his salary allocated to his duties as the CCO of the Trust during his employment, and Shelton Capital is reimbursed by the Trust for this portion of his salary. The level of reimbursement is reviewed and determined by the Board of Trustees at least annually.

Shelton Funds have adopted a Distribution Plan (the "Plan"), as amended August 1, 2012, pursuant to Rule 12b-1 under the Investment Company Act of 1940, whereby the Class K Shares of each Fund of the Shelton Funds pays the Distributor for expenses that relate to the promotion and distribution of shares. Under the Plan, the Class K Shares of the Funds will pay RFS Partners, an affiliate of the Advisor, the Funds' distributor (the "Distributor") a fee at an annual rate of 0.25%, payable monthly, of the daily net assets attributable to such Fund's Class K Shares.

Shelton Funds adopted a Shareholder Services Plan (the "Services Plan"), whereby the K Shares of each Fund and the Investor Shares of the Nasdaq-100 Fund and Sustainable Equity Fund pay RFS Partners, the Funds' Distributor or other service providers, an annual rate of 0.25% of the average daily net assets of each applicable share class. Such amounts are compensation for providing certain services to clients owning each applicable class, including processing purchase and redemption transactions, assisting in other administrative details and providing other information with respect to each Fund.

For the year ended February 28, 2026, the following were incurred by the Class K Shares (and Investor Shares for the Nasdaq-100 Fund and Sustainable Equity Fund) of each Fund of the Trust:

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Class K<br>12b-1 Fees** | **Class K<br>Shareholder<br>Service Fees** | **Class Investor<br>Shareholder<br>Service Fees** |
| U.S. Government Securities Fund | $185 | $185 | $— |
| S&P 500 Index Fund | 2536 | 2536 |  |
| S&P MidCap Index Fund | 538 | 538 |  |
| S&P SmallCap Index Fund | 766 | 766 |  |
| Shelton Equity Income Fund | 163 | 163 |  |
| Nasdaq-100 Index Fund | 52873 | 52873 | 2424668 |
| Sustainable Equity Fund | *—* | *—* | 79637 |

---

Management fees, Administration fees, Expense reimbursement from the manager, CCO fees and Trustees fees incurred during the year are included in the Statements of Operations.

**Shelton Funds** **Notes to Financial Statements** **(Unaudited) (Continued)** **February** **28, 2026**<br>

**NOTE 3 - PURCHASES AND SALES OF SECURITIES**

Purchases and sales of securities other than short-term instruments for the year ended February 28, 2026 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Purchases** | **Sales** | **Purchases<br>(Excluding U.S.<br>Government<br>Obligations)** | **Sales<br>(Excluding U.S.<br>Government<br>Obligations)** |
| Green California Tax-Free Income Fund | $10025639 | $12516752 | $10025639 | $12516752 |
| U.S. Government Securities Fund | 2063035 | 4554358 |  |  |
| S&P 500 Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6389248 | 11354347 | 6389248 | 11354347 |
| S&P MidCap Index Fund | 10494187 | 13755887 | 10494187 | 13755887 |
| S&P SmallCap Index Fund | 6681791 | 9416441 | 6681791 | 9416441 |
| Equity Income Fund | 585792785 | 565161534 | 585792785 | 565161534 |
| Nasdaq-100 Index Fund | 211776307 | 292375780 | 211776307 | 292375780 |
| Sustainable Equity Fund | 921900 | 9883539 | 921900 | 9883539 |

---

**NOTE 4 - OPTION CONTRACTS**

Written Options Contracts – Certain Funds may write options to manage exposure to certain changes in the market. When a Fund writes an option, an amount equal to the premium received by the Fund is recorded as a liability, which is marked-to-market daily to reflect the current market value of the option written. If the option expires, the Fund realizes a gain from investments equal to the amount of the premium received. When a written call option is exercised, the difference between the premium and the amount for effecting a closing purchase transaction, including brokerage commission, is also treated as a realized gain or loss. When a written put option is exercised, the amount of the premium received reduces the cost of the security purchased by the Fund. A risk in writing a covered call option is that the Fund may forego the opportunity of profit if the market price of the underlying security increases and the option is exercised. The risk in writing a put option is that the Fund may incur a loss if the market price of the underlying security decreases and the option is exercised.

As of February 28, 2026, the Shelton Equity Income Fund had written option contracts outstanding:

---

| | | |
|:---|:---|:---|
| **Derivatives not Accounted for as<br>Hedging Instruments** | **Liability Derivatives <br>Statement of Assets and Liabilities Location** | **Fair Value** |
| **Equity Contracts**<br> (written option contracts) | Written options, at value | $(6877291) |

---

The effect of written options on the Fund's Statement of Operations for the year ended February 28, 2026, was as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Derivatives not <br>Accounted for as <br>Hedging Instruments** | **Location of Gains/(Loss) on <br>Derivatives Recognized in Income** | **Realized Gain/<br>(Loss) on Derivatives** | **Change in Unrealized<br>Gain/(Loss) on<br>Derivatives** |
| **Equity Contracts**<br> (written option contracts) | Net realized gains (losses) from: Written option contracts / <br>Net change in unrealized appreciation (depreciation) <br>of written option contracts | $12465041 | $(1064845) |

---

Volume of derivative instruments held by the Funds during the year ended February 28, 2026, was as follows:

---

| | | |
|:---|:---|:---|
| **Derivative Type** | **Unit of Measurement** | **Average** |
| Written Option Contracts | Dollars | $(9845103) |

---

**NOTE 5 - TAX CHARACTER**

**Tax Basis of Distributable Earnings:** For U.S. Federal income tax purposes, the cost of securities owned, gross appreciation, gross depreciation, and net unrealized appreciation/(depreciation) of investments including derivatives on August 31, 2025 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Tax Cost** | **Gross Unrealized Appreciation** | **Gross<br>Unrealized Depreciation** | **Net Unrealized<br>Appreciation/<br>(Depreciation)** |
| Green California Tax-Free Income Fund | $34556662<br>| $314030<br>| $(1685418) | $(1371388) |
| U.S. Government Securities Fund | 13766671 | 71462 | (556665) | (485203) |
| The United States Treasury Trust Fund | 25967759 |  | (1) | (1) |
| S&P 500 Index Fund | 103653028 | 208826074 | (5286647) | 203539427 |
| S&P MidCap Index Fund | 66689723 | 45294497 | (3199057) | 42095440 |
| S&P SmallCap Index Fund | 37645515 | 19605306 | (4808518) | 14796788 |
| Shelton Equity Income Fund | 978462158 | 85695948 | (68390252) | 17305696 |
| Nasdaq-100 Index Fund | 855281398 | 1156825225 | (12903838) | 1143921387 |
| Shelton Sustainable Equity Fund | 70064829 | 14185140 | (8132198) | 6052942 |

---

**Shelton Funds** **Notes to Financial Statements** **(Unaudited) (Continued)** **February** **28, 2026**<br>

**Reclassifications** **:** Accounting principles generally accepted in the United States of America require certain components of net assets be reclassified between financial and tax reporting. These reclassifications have no effect on net assets or net asset value per share. For the year ended August 31, 2025, the amounts reclassified were due to return of capital distributions, and were reported as follows:

---

| | | |
|:---|:---|:---|
|  | **Increase/<br>(Decrease)<br>Distributable<br>Earnings** | **Increase/<br>(Decrease)<br>Paid-In Capital** |
| Green California Tax-Free Income Fund | $6048<br>| $(6048) |
| U.S. Government Securities Fund |  |  |
| The United States Treasury Trust |  |  |
| S&P 500 Index Fund |  |  |
| S&P MidCap Index Fund |  |  |
| S&P SmallCap Index Fund |  |  |
| Equity Income Fund |  |  |
| Nasdaq-100 Index Fund |  |  |
| Sustainable Equity Fund | 48679 | (48679) |

---

**Tax Basis of Distributable Earnings:** The tax character of distributable earnings at August 31, 2025 was as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Distributions<br>Payable** | **Undistributed<br>Tax-Exempt<br>Income** | **Undistributed<br>Ordinary<br>Income** | **Undistributed<br>Capital Gains<br>(Losses)** | **Unrealized<br>Appreciation/<br>(Depreciation)** | **Other<br>Accumulated<br>Gains/Losses** | **Total<br>Distributable<br>Earnings** |
| Green California Tax-Free <br>Income Fund | $(65709) | $—<br>| $—<br>| $—<br>| $(1371388) | $(8989) | $(1446086) |
| U.S. Government <br>Securities Fund | (33689) |  | 4779 |  | (485203) | (940276) | (1454389) |
| The United States <br>Treasury Trust | (77255) |  | 70979 |  | (1) |  | (6277) |
| S&P 500 Index Fund |  |  |  | 8609416 | 203539427 |  | 212148843 |
| S&P MidCap Index Fund |  |  | 440237 | 3143795 | 42095440 |  | 45679472 |
| S&P SmallCap Index Fund |  |  | 77029 | 1885680 | 14796789 |  | 16759498 |
| Equity Income Fund |  |  | 34566423 | 2511233 | 17305696 | (2596332) | 51787020 |
| Nasdaq-100 Index Fund |  |  |  | 65112136 | 1143921387 |  | 1209033523 |
| Sustainable Equity Fund |  |  |  |  | 6052942 | (21553053) | (15500111) |

---

The difference between book basis and tax basis unrealized appreciation/(depreciation) is attributable primarily to the realization of unrealized gains/(losses) on future contracts for tax purposes, wash sales, and dividend payable. The other accumulated gains/losses are mainly attributable to capital loss carry forwards, straddle loss deferrals, and post-October year loss deferrals.

**Capital Losses:** Capital loss carry forwards, as of August 31, 2025, available to offset future capital gains, if any, are as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Green<br>California<br>Tax-Free<br>Income Fund** | **U.S.<br>Government<br>Securities<br>Fund** | **Sustainable Equity Fund** |
| Long Term with No Expiration | $(8989) | $(911713) | $(9226533) |
| Short Term with No Expiration |  | (28563) | (12326519) |
| Total | $— | $(940276) | $(21553052) |
| Capital Loss Carry Forwards Utilized During the Fiscal Year Ending August 31, 2025. |  |  | 3350091 |

---

**Distributions to Shareholders:** Income distributions and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. generally accepted accounting principles. These differences are primarily due to differing treatments of income and gains on various investment securities held by each Fund, timing differences and differing characterization of distributions made by each Fund.

The tax character of distributions paid during the years ended August 31, 2025 and 2024 were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fund** | **Year** | **Ordinary Income** | **Nontaxable Distribution** | **Long-Term Capital<br>Gains** | **Exempt-Interest Dividends** | **Total Distributions** |
| Green California Tax-Free Income Fund | 2025 | $—<br>| $6048<br>| $—<br>| $789254<br>| $795302<br>|
|  | 2024 |  |  | 42418 | 871459 | 913877 |
| U.S. Government Securities Fund | 2025 | 438731 |  |  |  | 438731 |
|  | 2024 | 423876 |  |  |  | 423876 |
| The United States Treasury Trust | 2025 | 922302 |  |  |  | 922302 |
|  | 2024 | 1107197 |  |  |  | 1107197 |
| S&P 500 Index Fund | 2025 | 2913510 |  | 33700480 |  | 36613990 |
|  | 2024 | 2568035 |  | 16000000 |  | 18568035 |

---

**Shelton Funds** **Notes to Financial Statements** **(Unaudited) (Continued)** **February** **28, 2026**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fund** | **Year** | **Ordinary Income** | **Nontaxable Distribution** | **Long-Term Capital<br>Gains** | **Exempt-Interest Dividends** | **Total Distributions** |
| S&P MidCap Index Fund | 2025 | $2485049<br>| $—<br>| $8553298<br>| $—<br>| $11038347<br>|
|  | 2024 | 919703 |  | 5276422 |  | 6196125 |
| S&P SmallCap Index Fund | 2025 | 675844 |  | 4514770 |  | 5190614 |
|  | 2024 | 411671 |  | 1400002 |  | 1811673 |
| Shelton Equity Income Fund | 2025 | 78475796 |  |  |  | 78475796 |
|  | 2024 | 58117646 |  | 5388715 |  | 63506361 |
| Nasdaq-100 Index Fund | 2025 | 8796028 |  | 145437951 |  | 154233979 |
|  | 2024 | 26229319 |  | 78925998 |  | 105155317 |
| Sustainable Equity Fund | 2025 | 194086 |  |  |  | 194086 |
|  | 2024 | 329558 |  |  |  | 329558 |

---

**NOTE 6 - SECURITIES LENDING**

The Funds have entered into an agreement with U.S. Bank, N.A. (the "Lending Agent"), dated January 19, 2020 (the "Securities Lending Agreement"), to provide securities lending services to the Funds. Under this program, the Funds may lend securities in their portfolios to approved brokers, dealers and financial institutions (but not individuals). The securities lending agreement requires that loans are collateralized in an amount equal to at least (i) 105% of then current market value of any loaned foreign securities, or (ii) 102% of the then current market value of any other loaned securities at the outset of the loan and at least 100%, at all times thereafter. The Funds have the right under the terms of the securities lending agreement to recall the securities from the borrower on demand. Cash collateral received by the Funds for securities loaned is invested by the Lending Agent in the Mount Vernon Liquid Assets Portfolio, LLC, ("Mount Vernon"). Mount Vernon seeks to maximize current income to the extent consistent with the preservation of capital and liquidity; and to maintain a stable NAV of $1.00. The Funds continue to benefit from interest or dividends on the securities loaned and may also earn a return from the collateral. Such investments are subject to risk of payment delays, declines in the value of collateral provided, default on the part of the issuer or counterparty, and the risk that the investment may not generate sufficient interest to support the costs associated with securities lending. The Funds could also experience delays in recovering their securities and possible loss of income or value if the borrower fails to return the borrowed securities. The Funds are not subject to a master netting arrangement.

Amounts earned from security lending is included in each Fund's Statement of Operations as a securities lending credit.

As of February 28, 2026, no securities were on loan.

**Note 7 - Control Ownership and Principal Holders**

The beneficial ownership, either directly or indirectly, of more than 25% of the voting securities of a Fund creates presumptions of control of the Fund under section 2(a)(9) of the 1940 Act. As of August 31, 2025, the Funds had individual shareholder accounts owning more than 25% of the total shares outstanding of the Fund as detailed below.

---

| | | |
|:---|:---|:---|
| **Fund** | **Control Ownership** | **Percentage of Ownership** |
| U.S. Government Securities Fund | JAE Properties | 39.25% |

---

**NOTE 8 - SUBSEQUENT EVENTS**

In preparing the financial statements as of February 28, 2026, management considered the impact of subsequent events for potential recognition or disclosure in these financial statements through the date of issuance of the financial statements and has determined that there were no subsequent events requiring recognition or disclosure.

**Additional Information (Unaudited)**<br>

**Changes in and Disagreements with Accountants**

There were no changes in or disagreements with accountants during the period covered by this report.

**Proxy Disclosures**

Not applicable to the period covered by this report.

**Remuneration Paid to Directors, Officers and Others** 

Refer to the Statements of Operations included herein.

**Statement Regarding Basis for Approval of Investment Advisory Contract**

Not applicable for the period covered by this report.

![](shelton-fs_022826img002.gif)

**Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.**

Any changes in or disagreements with accountants for open-end management investment companies, if applicable, are included as part of the report to stockholders filed under Item 7 of this Form.

**Item 9. Proxy Disclosures for Open-End Management Investment Companies.**

Any proxy disclosures for open-end management investment companies, if applicable, are included as part of the report to stockholders filed under Item 7 of this Form.

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.**

The renumeration paid to directors, officers and others is included as part of the report to stockholders filed under Item 7 of this Form.

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.**

The statement regarding the basis for approval of the investment advisory contract, if applicable, is included as part of the report to stockholders filed under Item 7 of this Form.

**Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.**

Not applicable to the Registrant.

**Item 13. Portfolio Managers of Closed-End Management Investment Companies.**

(a) Not applicable to the Registrant.

(b) Not applicable to the Registrant.

**Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.** 

Not applicable to the Registrant.

**Item 15. Submission of Matters to a Vote of Security Holders.** 

There were no changes to the procedures by which shareholders may recommend nominees to the Registrants Board of Trustees during the period.

**Item 16. Controls and Procedures.**

(a) Based on an evaluation of the Fund's disclosure controls and procedures (as defined in Rule 30a-3(c)
 under the 1940 Act), the Registrant's principal executive officer and principal financial officer have concluded that the Registrant's
 disclosure controls and procedures are effective as of a date within 90 days of the filing date of this report.

(b) There were no significant changes in the Fund's internal control over financial reporting that occurred
 during the Fund's last fiscal half-year that have materially affected, or are reasonably likely to materially affect, the Fund's
 internal control over financial reporting.

**Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.** 

Not applicable to the Registrant.

**Item 18. Recovery of Erroneously Awarded Compensation.**

(a)&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.

(b) &nbsp;&nbsp;&nbsp;&nbsp; Not applicable.

**Item 19. Exhibits.**

(a)(1) Not applicable to this Report.

---

| | |
|:---|:---|
| (a)(2)<br>| Not applicable. |
| (a)(3) | [Certifications pursuant to Rule 30a-2(a) under the 1940 Act](ex99-cert.htm) are filed herewith as[Exhibit 99.CERT](ex99-cert.htm).<br>|
| (a)(4) | Not applicable. |
| (a)(5) | Not applicable. |
| (b) | [Certifications required by Rule 30a-2(b) under the 1940 Act](ex99-906cert.htm) are filed herewith as [Exhibit 99.906CERT](ex99-906cert.htm). |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SHELTON FUNDS

---

| | |
|:---|:---|
| By: | /s/ Stephen C. Rogers |
|  | Stephen C. Rogers |
|  | President (Principal Executive Officer) |

---

Date: May 8, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By: | /s/ Stephen C. Rogers |
|  | Stephen C. Rogers |
|  | President (Principal Executive Officer) |

---

Date: May 8, 2026

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| | |
|:---|:---|
| By: | /s/ Derek Izuel |
|  | Derek Izuel |
|  | Treasurer (Principal Financial Officer) |

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Date: May 8, 2026

## Ex-99.Cert

[Shelton Funds N-CSRS](shelton-ncsrs_022826.htm)

**Exhibit 99.CERT**

CERTIFICATIONS

I, Stephen C. Rogers, President and Principal Executive Officer of the Shelton Funds, (the "Registrant"), certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of the Registrant;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this
report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The Registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure
controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting
(as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to
be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing
date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Disclosed in this report any change in the registrant's internal control over financial reporting
that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the
audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report
financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves management or other employees who have a significant
role in the Registrant's internal control over financial reporting.

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| | |
|:---|:---|
| Date: May 8 , 2026 | /s/ Stephen C. Rogers |
|  | Stephen C. Rogers<br> President (Principal Executive Officer) |

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Exhibit 99.CERT

I, Derek Izuel, Treasurer and Chief Financial Officer of the Shelton Funds, (the "Registrant"), certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of the Registrant;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this
report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The Registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure
controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting
(as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to
be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing
date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) Disclosed in this report any change in the registrant's internal control over financial reporting
that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the
audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report
financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves management or other employees who have a significant
role in the Registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: May 8, 2026 | /s/ Derek Izuel |
|  | Derek Izuel<br> Treasurer (Principal Financial Officer) |

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## Exhibit 99.906

[Shelton Funds N-CSRS](shelton-ncsrs_022826.htm)

**Exhibit 99.906CERT**

**Certifications Under Section 906**

**of the Sarbanes-Oxley Act of 2002**

Stephen C. Rogers, President and Principal Executive Officer and Derek Izuel, Treasurer and Chief Financial Officer, of the Shelton Funds (the "Registrant"), each certify to the best of their knowledge that:

1. The Registrant's periodic report on Form N-CSR for the period ended February 28, 2026 (the "Form
N-CSR") fully complies with the requirements of sections 13(a) or 15(d) of the Securities and Exchange Act of 1934, as amended;
and

2. The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition
and results of operations of the Registrant.

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| | | | |
|:---|:---|:---|:---|
| By: | /s/ Stephen C. Rogers | By: | /s/ Derek Izuel |
| <br> Stephen C. Rogers<br> President (Principal Executive Officer)<br>Date: May 8, 2026 | <br> Stephen C. Rogers<br> President (Principal Executive Officer)<br>Date: May 8, 2026 | <br> Derek Izuel<br> Treasurer (Principal Financial Officer)<br>Date: May 8, 2026 | <br> Derek Izuel<br> Treasurer (Principal Financial Officer)<br>Date: May 8, 2026 |

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