# EDGAR Filing Document

**Accession Number:** 0000764859
**File Stem:** 0001752724-23-074853
**Filing Date:** 2023-3
**Character Count:** 64540
**Document Hash:** 78c34b2c5d2af8a80b0ca7a1fcebce98
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-074853.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-074853

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN PENSION INVESTORS TRUST
- **CENTRAL INDEX KEY:** 0000764859
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04262
- **FILM NUMBER:** 23783699

**BUSINESS ADDRESS:**
- **STREET 1:** 106 ANNJO COURT
- **STREET 2:** SUITE A
- **CITY:** FOREST
- **STATE:** VA
- **ZIP:** 24551
- **BUSINESS PHONE:** 434-846-1361

**MAIL ADDRESS:**
- **STREET 1:** 106 ANNJO COURT
- **STREET 2:** SUITE A
- **CITY:** FOREST
- **STATE:** VA
- **ZIP:** 24551

## Series and Classes Contracts Data

### Yorktown Growth Fund (Series ID: S000008424)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000023126 | Class L Shares      | APITX           |
| C000023127 | Class A Shares      | AFGGX           |
| C000127241 | Institutional Class | APGRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Pension Investors Trust

- **b. Investment Company Act file number:** 811-04262

- **c. CIK number of Registrant:** 0000764859

- **d. LEI of Registrant:** 549300XN7GOBVVCYXP64

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

  - **Street Address 1:** 2303 Yorktown Ave.

  - **City:** Lynchburg

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 24501

  - **Telephone number:** 434-846-1361

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

- **a. Name of Series:** YORKTOWN GROWTH FUND

- **b. EDGAR series identifier (if any):** S000008424

- **c. LEI of Series:** 5493005TIRZAZOWP2K56

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

- **a. Date of fiscal year-end:** 2023-01-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $68145707.85

**Total Liabilities:** $113304.10

**Net Assets:** $68032403.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000023126 | 8.53%                | -4.85%               | 8.97%                |
| Class ID C000023127 | 2.31%                | -10.19%              | 2.78%                |
| Class ID C000127241 | 8.56%                | -4.73%               | 9.07%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-144173.45              | $4855145.24                                |
| Month 2  | $366278.47               | $-3195099.04                               |
| Month 3  | $-671671.97              | $6320809.69                                |

### Schedule of Portfolio Investments

| Name                                                | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cirrus Logic, Inc.                                  | Cirrus Logic, Inc.                             | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      4700 | NS      | $424833.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| M3, Inc.                                            | M3, Inc.                                       | CUSIP: 55379N106<br>LEI: 3538001UOKRWIODYM055 | Long             | EC               | CORP              | JP        |      7400 | NS      | $99974.00     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation                      | Texas Pacific Land Corp.                       | CUSIP: 88262P102<br>LEI: 529900WTH0D1S7BB4S10 | Long             | EC               | CORP              | US        |       175 | NS      | $349273.75    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group                                          | CBRE Group, Inc.                               | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      6700 | NS      | $572917.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                             | Boyd Gaming Corp.                              | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      5300 | NS      | $330243.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                            | Saia, Inc.                                     | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      3000 | NS      | $818340.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| H World Group Ltd                                   | Nuazhu Group Ltd.                              | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | KY        |      5000 | NS      | $237400.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DLocal Limited                                      | Dlocal Ltd./Uruguay                            | CUSIP: G29018101<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     19800 | NS      | $328482.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab As                                           | Genmab A/S                                     | CUSIP: 372303206<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |     16600 | NS      | $649890.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                       | Rio Tinto PLC                                  | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |      3400 | NS      | $269790.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                                    | QuidelOrtho Corp.                              | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |      5000 | NS      | $428050.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc.                             | Power Integrations, Inc.                       | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |      3500 | NS      | $301315.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TDK Corp                                            | TDK Corp.                                      | CUSIP: 872351408<br>LEI: 3538005O8WNU39U8NX03 | Long             | EC               | CORP              | JP        |      7500 | NS      | $263925.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Media General, Inc.                                 | ABIOMED, Inc. CVR Right                        | CUSIP: 58441K100<br>LEI: 5493005Q6QE29UIIR333 | Long             | EC               | CORP              | US        |      1550 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources                                  | Franklin Resources, Inc.                       | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |      9600 | NS      | $299520.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Tegna Inc                                           | Tegna, Inc.                                    | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |     27600 | NS      | $550068.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corporation                                | Westlake Corp.                                 | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |      3050 | NS      | $374387.50    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Endava PLC                                          | Endava PLC                                     | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Long             | EC               | CORP              | US        |      2900 | NS      | $254823.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB                                        | Evolution Gaming Group AB                      | CUSIP: W3287P115<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |      2600 | NS      | $290904.15    | 0.43%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Raymond James Financial Inc.                        | Raymond James Financial, Inc.                  | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      6450 | NS      | $727366.50    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                                | Tradeweb Markets, Inc.                         | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4850 | NS      | $361519.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan Pacific International Holdings Corp             | Pan Pacific International Holdings Corp.       | CUSIP: 69807K105<br>LEI: 529900QLHJM2E18A5763 | Long             | EC               | CORP              | JP        |     14300 | NS      | $262834.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corporation                         | Southern Copper Corp.                          | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      6300 | NS      | $473823.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage System Inc                        | Advanced Drainage Systems, Inc.                | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |      3100 | NS      | $312604.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corporation                              | OGE Energy Corp.                               | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |      6800 | NS      | $267376.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corporation                                    | Pool Corp.                                     | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      1410 | NS      | $543710.10    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Financiere Richemont Sa                   | Cie Financiere Richemont SA                    | CUSIP: 204319107<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     25900 | NS      | $397824.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co. Ltd.                      | Techtronic Industries Co. Ltd.                 | CUSIP: 87873R101<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |      1650 | NS      | $106012.50    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Zalando SE                                          | Zalando SE                                     | CUSIP: 98887L105<br>LEI: 529900YRFFGH5AXU4S86 | Long             | EC               | CORP              | DE        |     11000 | NS      | $255420.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluidra SA                                          | Fluidra SA                                     | CUSIP: E52619108<br>LEI: 95980020140005026620 | Long             | EC               | CORP              | ES        |     15600 | NS      | $274047.18    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                                    | SPS Commerce, Inc.                             | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |      6300 | NS      | $857304.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics N.V.                             | STMicroelectronics NV                          | CUSIP: 861012102<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | NL        |      9400 | NS      | $443868.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Television, Inc.                               | Gray Television, Inc.                          | CUSIP: 389375106<br>LEI: 529900TM5726KDN7UU35 | Long             | EC               | CORP              | US        |     25850 | NS      | $335016.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Joyy Inc                                            | Joyy Inc                                       | CUSIP: 46591M109<br>LEI: 549300N6CHVU5CQZPW24 | Long             | EC               | CORP              | US        |      6600 | NS      | $235488.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electron Ltd                                  | Tokyo Electron Ltd.                            | CUSIP: 889110102<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |      4400 | NS      | $383900.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Company, Inc.                                  | Trex Co., Inc.                                 | CUSIP: 89531P105<br>LEI: 549300ER482WJT9UUX16 | Long             | EC               | CORP              | US        |      8300 | NS      | $437576.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                            | Etsy, Inc.                                     | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |      3250 | NS      | $447135.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc.                                       | Teradyne, Inc.                                 | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      3000 | NS      | $305100.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyber-Ark Software Limited                          | CyberArk Software Ltd.                         | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |      3100 | NS      | $436728.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                                  | UFP Industries, Inc.                           | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      6300 | NS      | $589365.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck KGaA                                          | Merck KGaA                                     | CUSIP: 589339209<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |      8450 | NS      | $351858.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliancebernstein Holding L.P.                      | AllianceBernstein Holding LP                   | CUSIP: 01881G106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2950 | NS      | $111834.50    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                                              | OMV AG                                         | CUSIP: 670875509<br>LEI: 549300V62YJ9HTLRI486 | Long             | EC               | CORP              | AT        |      7400 | NS      | $367780.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group                                       | Ashtead Group PLC                              | CUSIP: 045055100<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |      1450 | NS      | $385395.50    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd.                       | Takeda Pharmaceutical Co. Ltd.                 | CUSIP: 874060205<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |     16000 | NS      | $252800.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc                                   | The Carlyle Group, Inc.                        | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     10600 | NS      | $381282.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| STORE Capital Corp.                                 | STORE Capital Corp.                            | CUSIP: 862121100<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | EC               | CORP              | US        |     16300 | NS      | $525023.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | Grupo Aeroportuario del Centro Norte SAB de CV | CUSIP: 400501102<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |      3400 | NS      | $248370.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                                         | Hologic Inc                                    | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |      4600 | NS      | $374302.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| C.H. Robinson Worldwide Inc                         | CH Robinson Worldwide, Inc.                    | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      3450 | NS      | $345586.50    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Company                      | Performance Food Group Co.                     | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |      4300 | NS      | $263676.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Costar Group Inc                                    | CoStar Group, Inc.                             | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4050 | NS      | $315495.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                                   | Tractor Supply Co.                             | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      2800 | NS      | $638372.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation                        | Stifel Financial Corp.                         | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      4900 | NS      | $330309.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corporation                                     | KLA-Tencor Corp.                               | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1500 | NS      | $588720.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonova Holding AG                                   | Sonova Holding AG                              | CUSIP: 83569C102<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |      6780 | NS      | $338932.20    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                        | Fortinet, Inc.                                 | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     11500 | NS      | $601910.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                          | Qualys, Inc.                                   | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |      4700 | NS      | $542192.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Berry Global Group Inc                              | Berry Plastics Group, Inc.                     | CUSIP: 08579W103<br>LEI: 549300G6KKUMMXM8NH73 | Long             | EC               | CORP              | US        |      7950 | NS      | $490753.50    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BioNTech SE                                         | BioNTech SE                                    | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |      1750 | NS      | $250967.50    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Givaudan SA                                         | Givaudan SA                                    | CUSIP: 37636P108<br>LEI: 213800SVRMQA1TD91D41 | Long             | EC               | CORP              | CH        |      3600 | NS      | $233028.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| United Microelectronics Corp                        | United Microelectronics Corp.                  | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |     42900 | NS      | $348777.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Lasertec Corp.                                      | Lasertec Corp.                                 | CUSIP: J38702106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2100 | NS      | $411970.37    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Incorporated                          | Lithia Motors, Inc.                            | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |      2100 | NS      | $552720.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco Nevada Corp                                  | Franco-Nevada Corp.                            | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      2400 | NS      | $352080.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International N.V.                              | ASM International SE                           | CUSIP: N07045102<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |       810 | NS      | $272970.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabtec Corp                                         | Wabtec Corp.                                   | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      3950 | NS      | $410049.50    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Company                              | U-Haul Holdings Co.                            | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |      4860 | NS      | $300299.40    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                                       | KKR & Co. LP                                   | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |      9700 | NS      | $541357.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Seven & i Holdings Co Ltd.                          | Seven & i Holdings Co., Ltd.                   | CUSIP: 81783H105<br>LEI: 52990037G8JRM3TWGY86 | Long             | EC               | CORP              | JP        |     15250 | NS      | $358680.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulte Group Inc                                     | PulteGroup, Inc.                               | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9100 | NS      | $517699.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities, Inc.                               | Sun Communities, Inc.                          | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |      2400 | NS      | $376464.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc.                           | Super Micro Computer, Inc.                     | CUSIP: 86800U104<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |      3125 | NS      | $226031.25    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Incorporation                              | Penumbra, Inc.                                 | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      1850 | NS      | $463258.50    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc.                        | Descartes Systems Group, Inc./The              | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |      8200 | NS      | $598764.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Company                              | U-Haul Holdings Co.                            | CUSIP: 023586100<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |       540 | NS      | $36196.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                 | Huntington Conservative Deposit Account        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   1150194 | PA      | $1150194.21   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| J. B. Hunt Transport Services, Inc.                 | JB Hunt Transport Services, Inc.               | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |      1500 | NS      | $283575.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Makita Electric Works Ltd                           | Makita Corp.                                   | CUSIP: 560877300<br>LEI: 529900CDR9E94BCM6294 | Long             | EC               | CORP              | JP        |     10000 | NS      | $251300.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                                     | Bio-Techne Corp.                               | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |      4800 | NS      | $382368.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS Holdings Ltd                                    | WNS Holdings Ltd.                              | CUSIP: 92932M101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | JE        |      7000 | NS      | $593110.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc.                               | Generac Holdings, Inc.                         | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      4800 | NS      | $578880.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                              | RWE AG                                         | CUSIP: 74975E303<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |      6600 | NS      | $294195.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                                          | JD.com, Inc.                                   | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |      5100 | NS      | $303603.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.                       | Monolithic Power Systems, Inc.                 | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      1300 | NS      | $554528.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Laboratory Corp of America Holdings                 | Laboratory Corp of America Holdings            | CUSIP: 50540R409<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | EC               | CORP              | US        |      1000 | NS      | $252120.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                          | Copart, Inc.                                   | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      4700 | NS      | $313067.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company                            | Vulcan Materials Co.                           | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      3200 | NS      | $586656.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                                  | RH                                             | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |      1300 | NS      | $405587.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corporation                              | Concentrix Corp.                               | CUSIP: 20602D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2700 | NS      | $382887.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                           | WESCO International, Inc.                      | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      3600 | NS      | $536436.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Limited                                     | Genpact Ltd.                                   | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |     11200 | NS      | $529536.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB                                        | Evolution Game Group AB                        | CUSIP: 30051E104<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |      2600 | NS      | $291460.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                                | TopBuild Corp.                                 | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      1300 | NS      | $260078.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc.                  | Take-Two Interactive Software, Inc.            | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      3400 | NS      | $384982.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                             | PTC, Inc.                                      | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |      2800 | NS      | $377664.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Qiagen NV                                           | QIAGEN NV                                      | CUSIP: N72482123<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |      6100 | NS      | $298900.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui & Co Ltd                                     | Mitsui & Co. Ltd.                              | CUSIP: 606827202<br>LEI: 2NRSB4GOU9DD6CNW5R48 | Long             | EC               | CORP              | JP        |       675 | NS      | $398587.50    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Exlservice Holdings Inc                             | ExlService Holdings, Inc.                      | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |      5500 | NS      | $938300.00    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                               | Medpace Holdings, Inc.                         | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |      1800 | NS      | $397926.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterBrand Inc                                     | Masterbrand Inc.                               | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |      4550 | NS      | $41860.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corporation                                  | Masimo Corp.                                   | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |      1950 | NS      | $331656.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Staar Surgical Co                                   | STAAR Surgical Co.                             | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Long             | EC               | CORP              | US        |      3600 | NS      | $253980.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                            | Franklin Electric Co., Inc.                    | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |      6000 | NS      | $541800.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                                  | Ingersoll Rand, Inc.                           | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |      9700 | NS      | $543200.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                        | Evercore Partners, Inc.                        | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      2375 | NS      | $308298.75    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantest Corp                                      | Advantest Corp.                                | CUSIP: 00762U200<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |      3800 | NS      | $269800.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuehne & Nagel International AG                     | Kuehne & Nagel International AG                | CUSIP: 501187108<br>LEI: 529900Q0YED3805QXQ66 | Long             | EC               | CORP              | CH        |      6200 | NS      | $294686.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV AS                                              | DSV PANALPINA A/S                              | CUSIP: 26251A108<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |      3850 | NS      | $317432.50    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc.                                | Thor Industries, Inc.                          | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |      3325 | NS      | $316972.25    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                                | Steel Dynamics, Inc.                           | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      3550 | NS      | $428272.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corporation                       | Paylocity Holdings Corp.                       | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      2550 | NS      | $531139.50    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International Of Washington Inc.         | Expeditors International of Washington, Inc.   | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      2600 | NS      | $281190.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc.                             | Tyler Technologies, Inc.                       | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      1650 | NS      | $532570.50    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.                      | Old Dominion Freight Line, Inc.                | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      1300 | NS      | $433212.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Kering S.A.                                         | Kering-Unsponsored ADR                         | CUSIP: 492089107<br>LEI: 549300VGEJKB7SVUZR78 | Long             | EC               | CORP              | FR        |      5350 | NS      | $334214.50    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                               | Align Technology, Inc.                         | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      1725 | NS      | $465284.25    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc                      | Future Brands Innovations Inc.                 | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |      4550 | NS      | $293520.50    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toro Company                                    | Toro Co./The                                   | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |      3200 | NS      | $356864.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                                      | LCI Industries                                 | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |      4800 | NS      | $538656.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp.                                  | FirstService Corp.                             | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |      2300 | NS      | $328670.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                                        | Capgemini SE                                   | CUSIP: 13961R100<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      8200 | NS      | $310288.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                                   | D.R. Horton, Inc.                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      3600 | NS      | $355284.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Worldline SA                                        | Worldline SA/France                            | CUSIP: 98161H101<br>LEI: 549300CJMQNCA0U4TS33 | Long             | EC               | CORP              | US        |     11100 | NS      | $250860.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Med Inc                                      | Globus Medical, Inc.                           | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      6400 | NS      | $483200.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc                       | Jefferies Financial Group, Inc.                | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |      7400 | NS      | $290672.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| James Hardie Industries PLC                         | James Hardie Industries PLC                    | CUSIP: 47030M106<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |     12300 | NS      | $276381.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corporation New  | Science Applications International Corp.       | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |      3250 | NS      | $337285.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                           | Teledyne Technologies, Inc.                    | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       900 | NS      | $381834.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                                      | TD SYNNEX Corp.                                | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      4000 | NS      | $408600.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                            | ICON PLC                                       | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      2450 | NS      | $565239.50    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| LI Ning Co Ltd                                      | Li Ning Co. Ltd.                               | CUSIP: G5496K124<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | KY        |     58700 | NS      | $577982.13    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                                          | Atkore International Group, Inc.               | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |      3800 | NS      | $494950.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.                     | SS&C Technologies Holdings, Inc.               | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      5100 | NS      | $307785.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International SA                           | Logitech International S.A.                    | CUSIP: H50430232<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |      7500 | NS      | $437775.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Vitesse Energy Inc.                                 | Vitesse Energy Inc.                            | CUSIP: 92852X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       870 | NS      | $13885.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc.                                | Landstar System, Inc.                          | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      2250 | NS      | $388867.50    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd                                     | Nintendo Co. Ltd.                              | CUSIP: 654445303<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     29000 | NS      | $312330.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Incorporation                        | Houlihan Lokey, Inc.                           | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      3850 | NS      | $381419.50    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| NIBE Industrier AB                                  | Nibe Industrier AB                             | CUSIP: W6S38Z126<br>LEI: 549300ZQH0FIF1P0MX67 | Long             | EC               | CORP              | SE        |     28800 | NS      | $309372.74    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Perkinelmer, Inc.                                   | PerkinElmer, Inc.                              | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |      1950 | NS      | $268183.50    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                                | Keurig Dr Pepper, Inc.                         | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |      9500 | NS      | $335160.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Open House Group Co Ltd                             | Open House Co. Ltd.                            | CUSIP: J3072G101<br>LEI: 529900WQOGPBIJEHW865 | Long             | EC               | CORP              | JP        |      9100 | NS      | $342636.28    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                         | Rollins, Inc.                                  | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |      7300 | NS      | $265720.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology, Inc.                              | Amkor Technology, Inc.                         | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |     13800 | NS      | $403788.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                           | MarketAxess Holdings, Inc.                     | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      1100 | NS      | $400235.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Company                           | The Simply Good Foods Co.                      | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7000 | NS      | $254100.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes                                   | Dassault Systemes SE                           | CUSIP: 237545108<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |      7750 | NS      | $287835.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corporation                                | Repligen Corp.                                 | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |      2150 | NS      | $398395.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                             | Nexstar Media Group, Inc.                      | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      1600 | NS      | $327632.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyline Champion Corporation                        | Skyline Champion Corp.                         | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4400 | NS      | $259380.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana Pacific Corporation                       | Louisiana-Pacific Corp.                        | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      5050 | NS      | $343854.50    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                         | Nutrien Ltd.                                   | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |      6300 | NS      | $521577.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                                          | Vonovia SE                                     | CUSIP: 92887H107<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |     22700 | NS      | $320524.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                         | LPL Financial Holdings, Inc.                   | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      3400 | NS      | $806208.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Prysmian S.p.A.                                     | Prysmian Spa                                   | CUSIP: T7630L105<br>LEI: 529900X0H1IO3RS1A464 | Long             | EC               | CORP              | IT        |     14400 | NS      | $585454.94    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabine Royalty Tst                                  | Sabine Royalty Trust                           | CUSIP: 785688102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3050 | NS      | $261232.50    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                                  | Deutsche Boerse AG                             | CUSIP: 251542106<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |     31000 | NS      | $553040.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                                  | Anglo American PLC                             | CUSIP: 03485P300<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |     34350 | NS      | $740242.50    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Driven Brands Holdings Inc                          | Driven Brands Holdings, Inc.                   | CUSIP: 26210V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16000 | NS      | $467040.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant S.A                                         | Globant SA                                     | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      1400 | NS      | $227052.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| LHC Group Inc                                       | LHC Group, Inc.                                | CUSIP: 50187A107<br>LEI: 5299009NPLWAMRQYZX73 | Long             | EC               | CORP              | US        |      2100 | NS      | $333060.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                            | CDW Corp.                                      | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      2200 | NS      | $431266.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                 | Arista Networks, Inc.                          | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      2450 | NS      | $308749.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corporation.                                 | Incyte Corp.                                   | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      3100 | NS      | $263934.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                           | Taylor Morrison Home Corp.                     | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |      7400 | NS      | $264920.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                                      | Five Below, Inc.                               | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      2400 | NS      | $473112.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corporation                                 | Insulet Corp.                                  | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      2150 | NS      | $617738.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Ternium SA                                          | Ternium SA                                     | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             | EC               | CORP              | LU        |      8275 | NS      | $333896.25    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Disco Corp                                          | Disco Corp.                                    | CUSIP: 25461D100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6250 | NS      | $373250.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingspan Group PLC                                  | Kingspan Group PLC                             | CUSIP: 496402108<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |      4650 | NS      | $295693.50    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| The Trade Desk Inc                                  | Trade Desk, Inc./The                           | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |      5700 | NS      | $288990.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                            | Infineon Technologies AG                       | CUSIP: 45662N103<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     11700 | NS      | $420030.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International, Inc.      | Charles River Laboratories International, Inc. | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |      1800 | NS      | $437850.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company                           | Commercial Metals Co.                          | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      8700 | NS      | $472149.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** American Pension Investors Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller