# EDGAR Filing Document

**Accession Number:** 0001511699
**File Stem:** 0000894189-25-014325
**Filing Date:** 2025-11
**Character Count:** 89843
**Document Hash:** cd31eaa6071dc476be8048321071b1ff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-014325.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000894189-25-014325

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Managed Portfolio Series
- **CENTRAL INDEX KEY:** 0001511699

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22525
- **FILM NUMBER:** 251511276

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

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

## Series and Classes Contracts Data

### Leuthold Global Fund (Series ID: S000083372)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000246974 | Institutional Class | GLBIX           |
| C000246975 | Retail Class        | GLBLX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Managed Portfolio Series

- **b. Investment Company Act file number:** 811-22525

- **c. CIK number of Registrant:** 0001511699

- **d. LEI of Registrant:** 254900SQ3GG01NP4WM65

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1712

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

- **a. Name of Series:** Leuthold Global Fund

- **b. EDGAR series identifier (if any):** S000083372

- **c. LEI of Series:** 529900RD2O88IMYY7Z50

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $21985825.50

**Total Liabilities:** $2606648.58

**Net Assets:** $19379176.92

**Cash Not Reported:** $2597165.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000246974 | 0.42%                | 3.32%                | 1.51%                |
| Class ID C000246975 | 0.43%                | 3.29%                | 1.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-66257.68               | $153834.02                                 |
| Month 2  | $-258802.05              | $860479.60                                 |
| Month 3  | $-103513.45              | $361478.14                                 |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** DEDLROIB3D

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| H&R Block Inc                  | H&R Block Inc                                             | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |      1764 | NS      | $89205.48     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The    | Goldman Sachs Group Inc/The                               | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       294 | NS      | $234126.90    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co             | Graham Holdings Co                                        | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |        96 | NS      | $113021.76    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Surest | Grupo Aeroportuario del Sureste SAB de CV                 | CUSIP: 40051E202<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |       293 | NS      | $94735.69     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc              | Hamilton Lane Inc                                         | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Short            | EC               | CORP              | US        |       -36 | NS      | $-4852.44     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/T | Hartford Insurance Group Inc/The                          | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |       693 | NS      | $92439.27     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| 25468PDK9                      | Hershey Co/The                                            | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Short            | EC               | CORP              | US        |       -56 | NS      | $-10474.80    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                    | Hexcel Corp                                               | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Short            | EC               | CORP              | US        |       -86 | NS      | $-5392.20     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd       | United Overseas Bank Ltd                                  | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |      2600 | NS      | $69824.18     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Yang Ming Marine Transport Cor | Yang Ming Marine Transport Corp                           | CUSIP: N/A<br>LEI: 254900WG2ACWNVSP6E13       | Long             | EC               | CORP              | TW        |     38000 | NS      | $66279.87     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Trex Co Inc                    | Trex Co Inc                                               | CUSIP: 89531P105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -77 | NS      | $-3978.59     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA - USBGFS 9        | US BANK MMDA - USBGFS 9                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   2235836 | NS      | $2235835.88   | 11.54%            | 2037-09-01      | Variable      | 4.54%                 | No            |                  1 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                          | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    510000 | PA      | $505896.09    | 2.61%             | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Vail Resorts Inc               | Vail Resorts Inc                                          | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Short            | EC               | CORP              | US        |       -26 | NS      | $-3888.82     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Semiconductor ETF       | VanEck Semiconductor ETF                                  | CUSIP: 92189F676<br>LEI: 549300MJTG2N9QRH7I02 | Short            | EC               | RF                | US        |       -55 | NS      | $-17949.80    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Short-Term Inflation- | Vanguard Short-Term Inflation-Protected Securities ETF    | CUSIP: 922020805<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2953 | NS      | $149510.39    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Total World Stock ETF | Vanguard Total World Stock ETF                            | CUSIP: 922042742<br>LEI: N/A                  | Short            | EC               | RF                | US        |     -3537 | NS      | $-487398.60   | -2.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mortgage-Backed Secur | Vanguard Mortgage-Backed Securities ETF                   | CUSIP: 92206C771<br>LEI: N/A                  | Long             | EC               | RF                | US        |      5466 | NS      | $256683.36    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc            | Varonis Systems Inc                                       | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Short            | EC               | CORP              | US        |       -88 | NS      | $-5057.36     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc            | Viavi Solutions Inc                                       | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |      5573 | NS      | $70721.37     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC             | Vodafone Group PLC                                        | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |     12279 | NS      | $142436.40    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc            | Walker & Dunlop Inc                                       | CUSIP: 93148P102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -54 | NS      | $-4515.48     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                     | Watsco Inc                                                | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Short            | EC               | CORP              | US        |       -25 | NS      | $-10107.50    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc         | Werner Enterprises Inc                                    | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Short            | EC               | CORP              | US        |      -225 | NS      | $-5922.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp                  | Westlake Corp                                             | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Short            | EC               | CORP              | US        |       -94 | NS      | $-7243.64     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                        | XPO Inc                                                   | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Short            | EC               | CORP              | US        |       -89 | NS      | $-11505.03    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| ZTE Corp                       | ZTE Corp                                                  | CUSIP: N/A<br>LEI: 3003004FBGVVG1CW5U45       | Long             | EC               | CORP              | CN        |     13800 | NS      | $62892.09     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Wallenius Wilhelmsen ASA       | Wallenius Wilhelmsen ASA                                  | CUSIP: N/A<br>LEI: 549300NBN0URT3RA3Y54       | Long             | EC               | CORP              | NO        |      7304 | NS      | $65011.30     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT            | United Kingdom Gilt                                       | CUSIP: YX3339711<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    185000 | PA      | $241879.94    | 1.25%             | 2034-07-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ZIM Integrated Shipping Servic | ZIM Integrated Shipping Services Ltd                      | CUSIP: N/A<br>LEI: 21380089EIJRELKAIL21       | Long             | EC               | CORP              | IL        |      3358 | NS      | $45500.90     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Ltd | Fairfax Financial Holdings Ltd                            | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |        77 | NS      | $134712.65    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                       | eBay Inc                                                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      1935 | NS      | $175988.25    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecopetrol SA                   | Ecopetrol SA                                              | CUSIP: 279158109<br>LEI: 254900IDGKCJICKBPA66 | Long             | EC               | CORP              | CO        |      6745 | NS      | $62121.45     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                    | Equifax Inc                                               | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Short            | EC               | CORP              | US        |       -38 | NS      | $-9748.14     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                    | Equinor ASA                                               | CUSIP: 29446M102<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |      2516 | NS      | $61340.08     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co              | Erie Indemnity Co                                         | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Short            | EC               | CORP              | US        |       -27 | NS      | $-8590.32     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                   | Exponent Inc                                              | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Short            | EC               | CORP              | US        |       -68 | NS      | $-4724.64     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc   | FactSet Research Systems Inc                              | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Short            | EC               | CORP              | US        |       -14 | NS      | $-4010.86     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                         | F5 Inc                                                    | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |       254 | NS      | $82090.26     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information  | Fidelity National Information Services Inc                | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Short            | EC               | CORP              | US        |      -145 | NS      | $-9561.30     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group I | First Watch Restaurant Group Inc                          | CUSIP: 33748L101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -286 | NS      | $-4473.04     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc     | Floor & Decor Holdings Inc                                | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Short            | EC               | CORP              | US        |       -48 | NS      | $-3537.60     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                  | Frontdoor Inc                                             | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |      1595 | NS      | $107327.55    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp         | Hillman Solutions Corp                                    | CUSIP: 431636109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -549 | NS      | $-5039.82     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N07059210                      | Eli Lilly & Co                                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Short            | EC               | CORP              | US        |       -15 | NS      | $-11445.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Eva Airways Corp               | Eva Airways Corp                                          | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07       | Long             | EC               | CORP              | TW        |     59000 | NS      | $73996.36     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Far EasTone Telecommunications | Far EasTone Telecommunications Co Ltd                     | CUSIP: N/A<br>LEI: 529900L7W7BWDLVZL253       | Long             | EC               | CORP              | TW        |     32000 | NS      | $92939.97     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Fraport AG Frankfurt Airport S | Fraport AG Frankfurt Airport Services Worldwide           | CUSIP: N/A<br>LEI: 5299001ERX0K10IZUL40       | Long             | EC               | CORP              | DE        |      1773 | NS      | $153439.52    | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Energy Select Sector SPDR Fund | Energy Select Sector SPDR Fund                            | CUSIP: 81369Y506<br>LEI: 54930064FLK0RD4TRU75 | Short            | EC               | RF                | US        |      -292 | NS      | $-26087.28    | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Freenet AG                     | Freenet AG                                                | CUSIP: N/A<br>LEI: 5299003GLDODCVP8DO20       | Long             | EC               | CORP              | DE        |      3105 | NS      | $99341.31     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| FRANCE (GOVT OF)               | French Republic Government Bond OAT                       | CUSIP: ZL9844081<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    145000 | PA      | $168046.79    | 0.87%             | 2033-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Everest Group Ltd              | Everest Group Ltd                                         | CUSIP: N/A<br>LEI: 549300N24XF2VV0B3570       | Long             | EC               | CORP              | BM        |       494 | NS      | $173013.62    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Electric Industries L | Sumitomo Electric Industries Ltd                          | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |      5400 | NS      | $153651.88    | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Takashimaya Co Ltd             | Takashimaya Co Ltd                                        | CUSIP: N/A<br>LEI: 353800IFO566STDN4V78       | Long             | EC               | CORP              | JP        |      8800 | NS      | $100647.50    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Toho Gas Co Ltd                | Toho Gas Co Ltd                                           | CUSIP: N/A<br>LEI: 353800BCVTE4F8012906       | Long             | EC               | CORP              | JP        |      1900 | NS      | $58490.78     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd             | Tokyo Electron Ltd                                        | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |       500 | NS      | $88633.48     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyoda Gosei Co Ltd            | Toyoda Gosei Co Ltd                                       | CUSIP: N/A<br>LEI: 353800ZV4HXVM4DWPO50       | Long             | EC               | CORP              | JP        |      3300 | NS      | $81955.22     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| 92826C839                      | Starbucks Corp                                            | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Short            | EC               | CORP              | US        |      -112 | NS      | $-9475.20     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co                      | Stepan Co                                                 | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Short            | EC               | CORP              | US        |       -65 | NS      | $-3100.50     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc              | Suncor Energy Inc                                         | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |      2516 | NS      | $105193.96    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                   | Synopsys Inc                                              | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |       231 | NS      | $113973.09    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                | T-Mobile US Inc                                           | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |       745 | NS      | $178338.10    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| TIM SA/Brazil                  | TIM SA/Brazil                                             | CUSIP: 88706T108<br>LEI: 529900QI0CH1DN5ZCS77 | Long             | EC               | CORP              | BR        |      5495 | NS      | $122648.40    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE               | TotalEnergies SE                                          | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      1559 | NS      | $93056.71     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc            | TransDigm Group Inc                                       | CUSIP: 893641100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |        -9 | NS      | $-11862.18    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc          | Triumph Financial Inc                                     | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Short            | EC               | CORP              | US        |      -130 | NS      | $-6505.20     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                       | UGI Corp                                                  | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |      2419 | NS      | $80455.94     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912797RE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $498424.95    | 2.57%             | 2025-10-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Swiss Re AG                    | Swiss Re AG                                               | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |      1766 | NS      | $327993.79    | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Tele2 AB                       | Tele2 AB                                                  | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |      8158 | NS      | $139163.99    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB       | Svenska Handelsbanken AB                                  | CUSIP: W9112U104<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |      7302 | NS      | $95273.84     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                  | UniCredit SpA                                             | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |      1560 | NS      | $118708.72    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                   | UBS Group AG                                              | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |      3235 | NS      | $132635.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co              | General Motors Co                                         | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      2215 | NS      | $135048.55    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc            | Glacier Bancorp Inc                                       | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Short            | EC               | CORP              | US        |      -107 | NS      | $-5207.69     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA           | Galp Energia SGPS SA                                      | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |      3536 | NS      | $67006.51     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Global Ship Lease Inc          | Global Ship Lease Inc                                     | CUSIP: N/A<br>LEI: 254900GLZ0J5N8UZM071       | Long             | EC               | CORP              | GB        |      1964 | NS      | $60294.80     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc     | Stanley Black & Decker Inc                                | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Short            | EC               | CORP              | US        |      -116 | NS      | $-8622.28     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                      | IDEX Corp                                                 | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Short            | EC               | CORP              | US        |       -51 | NS      | $-8300.76     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc             | Ingersoll Rand Inc                                        | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Short            | EC               | CORP              | US        |      -130 | NS      | $-10740.60    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc  | Interactive Brokers Group Inc                             | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      1864 | NS      | $128261.84    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc               | InterDigital Inc                                          | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       544 | NS      | $187805.12    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| IFF                            | International Flavors & Fragrances Inc                    | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Short            | EC               | CORP              | US        |      -129 | NS      | $-7938.66     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust Series 1     | Invesco QQQ Trust Series 1                                | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Short            | EC               | RF                | US        |      -735 | NS      | $-441271.95   | -2.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco CurrencyShares Japanes | Invesco CurrencyShares Japanese Yen Trust                 | CUSIP: 46138W107<br>LEI: 5493003KFLKC801EII42 | Long             | EC               | RF                | US        |      2308 | NS      | $143580.68    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Mobis Co Ltd           | Hyundai Mobis Co Ltd                                      | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |       449 | NS      | $95526.94     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| ICTSI                          | International Container Terminal Services Inc             | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61       | Long             | EC               | CORP              | PH        |     18190 | NS      | $147519.28    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Investec PLC                   | Investec PLC                                              | CUSIP: N/A<br>LEI: 2138007Z3U5GWDN3MY22       | Long             | EC               | CORP              | ZA        |      7175 | NS      | $53736.14     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| International Consolidated Air | International Consolidated Airlines Group SA              | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | GB        |     35385 | NS      | $184297.24    | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |       616 | NS      | $126119.84    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp           | Ares Management Corp                                      | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Short            | EC               | CORP              | US        |       -55 | NS      | $-8793.95     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings PLC               | ARM Holdings PLC                                          | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Short            | EC               | CORP              | GB        |       -80 | NS      | $-11319.20    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Autoliv Inc                    | Autoliv Inc                                               | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | SE        |       764 | NS      | $94354.00     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander SA             | Banco Santander SA                                        | CUSIP: 05964H105<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |     18089 | NS      | $189572.72    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Nova Scotia/The        | Bank of Nova Scotia/The                                   | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |       891 | NS      | $57603.15     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                   | Barclays PLC                                              | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |      6372 | NS      | $131709.24    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc       | Baxter International Inc                                  | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Short            | EC               | CORP              | US        |      -160 | NS      | $-3643.20     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                | Bio-Techne Corp                                           | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Short            | EC               | CORP              | US        |       -69 | NS      | $-3838.47     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc           | Blue Owl Capital Inc                                      | CUSIP: 09581B103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -281 | NS      | $-4757.33     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Braze Inc                      | Braze Inc                                                 | CUSIP: 10576N102<br>LEI: 9845007B9EDBFD37C277 | Short            | EC               | CORP              | US        |      -168 | NS      | $-4777.92     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc              | Brown & Brown Inc                                         | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Short            | EC               | CORP              | US        |      -112 | NS      | $-10504.48    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp              | Brown-Forman Corp                                         | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Short            | EC               | CORP              | US        |      -236 | NS      | $-6390.88     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                       | CBIZ Inc                                                  | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Short            | EC               | CORP              | US        |       -79 | NS      | $-4183.84     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| CCC Intelligent Solutions Hold | CCC Intelligent Solutions Holdings Inc                    | CUSIP: 12510Q100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -537 | NS      | $-4892.07     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| CIBC                           | Canadian Imperial Bank of Commerce                        | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |      1202 | NS      | $96027.78     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cargurus Inc                   | Cargurus Inc                                              | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |      1879 | NS      | $69955.17     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc      | Casella Waste Systems Inc                                 | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Short            | EC               | CORP              | US        |       -47 | NS      | $-4459.36     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc             | Cenovus Energy Inc                                        | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |      4641 | NS      | $78850.59     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co/The                | Chemours Co/The                                           | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Short            | EC               | CORP              | US        |      -302 | NS      | $-4783.68     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| 91282CEQ0                      | Chevron Corp                                              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       667 | NS      | $103578.43    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc     | Chipotle Mexican Grill Inc                                | CUSIP: 169656105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -227 | NS      | $-8896.13     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc         | Church & Dwight Co Inc                                    | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Short            | EC               | CORP              | US        |      -106 | NS      | $-9288.78     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      1496 | NS      | $102356.32    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                                               | CUSIP: 172908105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -48 | NS      | $-9852.48     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| 316773100                      | Arthur J Gallagher & Co                                   | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Short            | EC               | CORP              | US        |       -35 | NS      | $-10840.90    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Munich Re                      | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |       581 | NS      | $370954.60    | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Naturgy Energy Group SA        | Naturgy Energy Group SA                                   | CUSIP: N/A<br>LEI: TL2N6M87CW970S5SV098       | Long             | EC               | CORP              | ES        |      2705 | NS      | $84070.16     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Cathay Pacific Airways Ltd     | Cathay Pacific Airways Ltd                                | CUSIP: N/A<br>LEI: EQNZNT235RBOJ6LJQZ02       | Long             | EC               | CORP              | HK        |     66000 | NS      | $88774.95     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| NetScout Systems Inc           | NetScout Systems Inc                                      | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |      2932 | NS      | $75733.56     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp      | New Jersey Resources Corp                                 | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |      1387 | NS      | $66784.05     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                       | NIKE Inc                                                  | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Short            | EC               | CORP              | US        |      -139 | NS      | $-9692.47     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Yusen KK                | Nippon Yusen KK                                           | CUSIP: N/A<br>LEI: 353800YPW4XM0ZN5I149       | Long             | EC               | CORP              | JP        |      2200 | NS      | $75075.34     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Repligen Corp                  | Repligen Corp                                             | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Short            | EC               | CORP              | US        |       -40 | NS      | $-5346.80     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands Internationa | Restaurant Brands International Inc                       | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Short            | EC               | CORP              | CA        |      -166 | NS      | $-10647.24    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc  | Rexford Industrial Realty Inc                             | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Short            | EC               | CORP              | US        |      -119 | NS      | $-4892.09     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Real Estate Select Sector SPDR | Real Estate Select Sector SPDR Fund                       | CUSIP: 81369Y860<br>LEI: 549300SPMSTD3BRHL041 | Short            | EC               | RF                | US        |      -345 | NS      | $-14534.85    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc                      | Baidu Inc                                                 | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | CN        |      6300 | NS      | $104167.03    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcadyan Technology Corp       | Arcadyan Technology Corp                                  | CUSIP: N/A<br>LEI: 254900R5W61G3GO1Q067       | Long             | EC               | CORP              | TW        |      9000 | NS      | $65042.71     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| China Forestry Holdings Co Ltd | China Forestry Holdings Co Ltd                            | CUSIP: G2113A100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   2484000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Aumovio SE                     | Aumovio SE                                                | CUSIP: N/A<br>LEI: 391200IGI9RQ7VTOK384       | Long             | EC               | CORP              | DE        |       513 | NS      | $21152.40     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Naspers Ltd                    | Naspers Ltd                                               | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               | CORP              | ZA        |       522 | NS      | $189680.01    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| CAR Group Ltd                  | CAR Group Ltd                                             | CUSIP: N/A<br>LEI: 5299009TFWZGH2AN7D11       | Long             | EC               | CORP              | AU        |      2529 | NS      | $61507.20     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Capital Holdings Ltd      | Axis Capital Holdings Ltd                                 | CUSIP: N/A<br>LEI: 635400VD2NQBYAHMEM55       | Long             | EC               | CORP              | BM        |      1210 | NS      | $115918.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                      | Chubb Ltd                                                 | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |       215 | NS      | $60683.75     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| G5960L103                      | ASML Holding NV                                           | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       134 | NS      | $129724.06    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                       | AAON Inc                                                  | CUSIP: 000360206<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -88 | NS      | $-8222.72     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| ADT Inc                        | ADT Inc                                                   | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12410 | NS      | $108091.10    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc   | Adtalem Global Education Inc                              | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |       883 | NS      | $136379.35    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc | Air Products and Chemicals Inc                            | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Short            | EC               | CORP              | US        |       -35 | NS      | $-9545.20     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                 | Albemarle Corp                                            | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Short            | EC               | CORP              | US        |      -103 | NS      | $-8351.24     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc    | American Water Works Co Inc                               | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Short            | EC               | CORP              | US        |       -75 | NS      | $-10439.25    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology Inc           | Amkor Technology Inc                                      | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |      2804 | NS      | $79633.60     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| 64031N108                      | Bruker Corp                                               | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Short            | EC               | CORP              | US        |       -92 | NS      | $-2989.08     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc          | Burlington Stores Inc                                     | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Short            | EC               | CORP              | US        |       -38 | NS      | $-9671.00     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc            | CSW Industrials Inc                                       | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Short            | EC               | CORP              | US        |       -20 | NS      | $-4855.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc      | Caesars Entertainment Inc                                 | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Short            | EC               | CORP              | US        |      -166 | NS      | $-4486.15     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Dayforce Inc                   | Dayforce Inc                                              | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Short            | EC               | CORP              | US        |       -91 | NS      | $-6268.99     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                                             | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |       977 | NS      | $99165.50     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc               | Clear Secure Inc                                          | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3860 | NS      | $128846.80    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                  | Clorox Co/The                                             | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Short            | EC               | CORP              | US        |       -88 | NS      | $-10850.40    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc             | Cohen & Steers Inc                                        | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Short            | EC               | CORP              | US        |       -79 | NS      | $-5183.19     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Inc                   | Comerica Inc                                              | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |      1151 | NS      | $78866.52     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Paren | Concentra Group Holdings Parent Inc                       | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                   | Danaher Corp                                              | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Short            | EC               | CORP              | US        |       -55 | NS      | $-10904.30    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc            | Delta Air Lines Inc                                       | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      2355 | NS      | $133646.25    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc         | Digi International Inc                                    | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |      1514 | NS      | $55200.44     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's Inc                  | Dillard's Inc                                             | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |       178 | NS      | $109377.44    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc            | Dominion Energy Inc                                       | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Short            | EC               | CORP              | US        |      -187 | NS      | $-11438.79    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller - Maersk A/S         | AP Moller - Maersk A/S                                    | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |        42 | NS      | $82562.59     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                | Danske Bank A/S                                           | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | EC               | CORP              | DK        |      2020 | NS      | $86283.44     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Continental AG                 | Continental AG                                            | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |      1027 | NS      | $67942.41     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Iron Mountain Inc              | Iron Mountain Inc                                         | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Short            | EC               | CORP              | US        |      -112 | NS      | $-11417.28    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares U.S. Transportation ET | iShares U.S. Transportation ETF                           | CUSIP: 464287192<br>LEI: 54930060GGS23N7A3X92 | Short            | EC               | RF                | US        |      -360 | NS      | $-25815.60    | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Emerging Markets  | iShares MSCI Emerging Markets ETF                         | CUSIP: 464287234<br>LEI: 549300BPYHDEDI59G670 | Short            | EC               | RF                | US        |     -2150 | NS      | $-114810.00   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares S&P 500 Growth ETF     | iShares S&P 500 Growth ETF                                | CUSIP: 464287309<br>LEI: 549300RYFG0B8O3DPR13 | Short            | EC               | RF                | US        |      -428 | NS      | $-51668.16    | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI EAFE ETF          | iShares MSCI EAFE ETF                                     | CUSIP: 464287465<br>LEI: 549300O0XO3KDQV68404 | Short            | EC               | RF                | US        |     -5229 | NS      | $-488231.73   | -2.52%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares International Treasury | iShares International Treasury Bond ETF                   | CUSIP: 464288117<br>LEI: 549300B2GPMXZXJU1462 | Long             | EC               | RF                | US        |      4508 | NS      | $192040.80    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 5-10 Year Investment G | iShares 5-10 Year Investment Grade Corporate Bond ETF     | CUSIP: 464288638<br>LEI: 549300ZJOCMXQZ0RKQ84 | Long             | EC               | RF                | US        |      3779 | NS      | $204406.11    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc           | Jacobs Solutions Inc                                      | CUSIP: 46982L108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -70 | NS      | $-10490.20    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                     | Kenvue Inc                                                | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Short            | EC               | CORP              | US        |      -499 | NS      | $-8098.77     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Klaviyo Inc                    | Klaviyo Inc                                               | CUSIP: 49845K101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -163 | NS      | $-4513.47     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp               | Knife River Corp                                          | CUSIP: 498894104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -66 | NS      | $-5073.42     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Ho | Knight-Swift Transportation Holdings Inc                  | CUSIP: 499049104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -107 | NS      | $-4227.57     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education Inc         | Laureate Education Inc                                    | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |      4280 | NS      | $134991.20    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                      | Lear Corp                                                 | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |       696 | NS      | $70024.56     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc        | Live Oak Bancshares Inc                                   | CUSIP: 53803X105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -140 | NS      | $-4930.80     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc              | Loar Holdings Inc                                         | CUSIP: 53947R105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -68 | NS      | $-5440.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp                     | Loews Corp                                                | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |      1050 | NS      | $105409.50    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                  | M&T Bank Corp                                             | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |       388 | NS      | $76676.56     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc        | MDU Resources Group Inc                                   | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4059 | NS      | $72290.79     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                        | MKS Inc                                                   | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |       661 | NS      | $81811.97     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                       | MSCI Inc                                                  | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Short            | EC               | CORP              | US        |       -24 | NS      | $-13617.84    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc        | Magna International Inc                                   | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |      2640 | NS      | $125083.20    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc               | Markel Group Inc                                          | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |        38 | NS      | $72631.68     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc       | MarketAxess Holdings Inc                                  | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Short            | EC               | CORP              | US        |       -32 | NS      | $-5576.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc       | Marsh & McLennan Cos Inc                                  | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Short            | EC               | CORP              | US        |       -58 | NS      | $-11688.74    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd           | Marten Transport Ltd                                      | CUSIP: 573075108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -333 | NS      | $-3549.78     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                | Match Group Inc                                           | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      1515 | NS      | $53509.80     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                     | Matson Inc                                                | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |       473 | NS      | $46633.07     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International I | Mettler-Toledo International Inc                          | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Short            | EC               | CORP              | US        |        -9 | NS      | $-11048.49    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| ANA Holdings Inc               | ANA Holdings Inc                                          | CUSIP: N/A<br>LEI: 5493008IRKIY0G3TE305       | Long             | EC               | CORP              | JP        |      4100 | NS      | $79209.88     | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| ANZ Group Holdings Ltd         | ANZ Group Holdings Ltd                                    | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |      2966 | NS      | $65129.00     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Financial Group Inc     | Mizuho Financial Group Inc                                | CUSIP: 60687Y109<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |     21538 | NS      | $144304.60    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                    | Moelis & Co                                               | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Short            | EC               | CORP              | US        |       -80 | NS      | $-5705.60     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| LY Corp                        | LY Corp                                                   | CUSIP: N/A<br>LEI: 52990078MD2OL792YM35       | Long             | EC               | CORP              | JP        |     20100 | NS      | $64521.19     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| MongoDB Inc                    | MongoDB Inc                                               | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Short            | EC               | CORP              | US        |       -33 | NS      | $-10242.54    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                   | Moody's Corp                                              | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Short            | EC               | CORP              | US        |       -23 | NS      | $-10959.04    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| DB Insurance Co Ltd            | DB Insurance Co Ltd                                       | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |       977 | NS      | $96554.89     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                 | Morgan Stanley                                            | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      1162 | NS      | $184711.52    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Gas Corp                 | Korea Gas Corp                                            | CUSIP: N/A<br>LEI: 988400TFZILHBD5M3R71       | Long             | EC               | CORP              | KR        |      2104 | NS      | $58727.75     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI Corp                      | KDDI Corp                                                 | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |      7200 | NS      | $114829.40    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SCREEN Holdings Co Ltd         | SCREEN Holdings Co Ltd                                    | CUSIP: N/A<br>LEI: 353800ND89FTQ9XQ0R07       | Long             | EC               | CORP              | JP        |       900 | NS      | $81550.98     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa Securities Group Inc     | Daiwa Securities Group Inc                                | CUSIP: N/A<br>LEI: 353800WRC7Y23PWFJG38       | Long             | EC               | CORP              | JP        |      9200 | NS      | $74759.93     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Holdings Inc               | SBI Holdings Inc                                          | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |      2100 | NS      | $91428.70     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Kunlun Energy Co Ltd           | Kunlun Energy Co Ltd                                      | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | HK        |     70000 | NS      | $62522.30     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT PCL                        | PTT PCL                                                   | CUSIP: N/A<br>LEI: 549300QOGMPTKB6W7G56       | Long             | EC               | CORP              | TH        |     67500 | NS      | $69263.03     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN Group Ltd                  | MTN Group Ltd                                             | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               | CORP              | ZA        |     14126 | NS      | $118870.66    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| OOIL                           | Orient Overseas International Ltd                         | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | HK        |      4500 | NS      | $72945.44     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd        | QBE Insurance Group Ltd                                   | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |      7025 | NS      | $95597.97     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp      | Occidental Petroleum Corp                                 | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Short            | EC               | CORP              | US        |      -234 | NS      | $-11056.50    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc  | Old Dominion Freight Line Inc                             | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Short            | EC               | CORP              | US        |       -57 | NS      | $-8024.46     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN        | Old National Bancorp/IN                                   | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |      3260 | NS      | $71557.00     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Cor | Old Republic International Corp                           | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |      3098 | NS      | $131572.06    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Airlines Ltd         | Singapore Airlines Ltd                                    | CUSIP: N/A<br>LEI: 549300ZG62N2599PWR15       | Long             | EC               | CORP              | SG        |     24000 | NS      | $121329.84    | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Palo Alto Networks Inc         | Palo Alto Networks Inc                                    | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Short            | EC               | CORP              | US        |       -53 | NS      | $-10791.86    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                    | Paychex Inc                                               | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Short            | EC               | CORP              | US        |       -80 | NS      | $-10140.80    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| 904767704                      | PepsiCo Inc                                               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Short            | EC               | CORP              | US        |       -68 | NS      | $-9549.92     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp        | Perdoceo Education Corp                                   | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |      2737 | NS      | $103075.42    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners      | Perella Weinberg Partners                                 | CUSIP: 71367G102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -242 | NS      | $-5159.44     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                    | Phillips 66                                               | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Short            | EC               | CORP              | US        |       -92 | NS      | $-12513.84    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                 | Photronics Inc                                            | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |      2781 | NS      | $63823.95     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc         | Power Integrations Inc                                    | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Short            | EC               | CORP              | US        |       -83 | NS      | $-3337.43     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp              | Primo Brands Corp                                         | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Short            | EC               | CORP              | US        |      -207 | NS      | $-4574.70     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc    | Raymond James Financial Inc                               | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |       713 | NS      | $123063.80    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc    | Ryan Specialty Holdings Inc                               | CUSIP: 78351F107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -107 | NS      | $-6030.52     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| SK Telecom Co Ltd              | SK Telecom Co Ltd                                         | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |      4138 | NS      | $89380.80     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Bloomberg International C | SPDR Bloomberg International Corporate Bond ETF           | CUSIP: 78464A151<br>LEI: 549300V3SXQ5D61UEN24 | Long             | EC               | RF                | US        |      4949 | NS      | $159803.21    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Portfolio Intermediate Te | SPDR Portfolio Intermediate Term Corporate Bond ETF       | CUSIP: 78464A375<br>LEI: 549300V0LZHF2UQ4WK69 | Long             | EC               | RF                | US        |      7455 | NS      | $252649.95    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Bloomberg International T | SPDR Bloomberg International Treasury Bond ETF            | CUSIP: 78464A516<br>LEI: 549300XTV2KNHC0UDP69 | Long             | EC               | RF                | US        |     11276 | NS      | $259348.00    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Portfolio S&P 500 ETF     | SPDR Portfolio S&P 500 ETF                                | CUSIP: 78464A854<br>LEI: 5493004K4F0RL72RIJ47 | Short            | EC               | RF                | US        |      -820 | NS      | $-64238.80    | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                       | Saia Inc                                                  | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Short            | EC               | CORP              | US        |       -12 | NS      | $-3592.32     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                    | Samsara Inc                                               | CUSIP: 79589L106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -153 | NS      | $-5699.25     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The        | Sherwin-Williams Co/The                                   | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Short            | EC               | CORP              | US        |       -28 | NS      | $-9695.28     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| SiteOne Landscape Supply Inc   | SiteOne Landscape Supply Inc                              | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Short            | EC               | CORP              | US        |       -39 | NS      | $-5023.20     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Co             | Sonoco Products Co                                        | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Short            | EC               | CORP              | US        |      -120 | NS      | $-5170.80     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Spirit AeroSystems Holdings In | Spirit AeroSystems Holdings Inc                           | CUSIP: 848574109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -179 | NS      | $-6909.40     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp     | Standex International Corp                                | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Short            | EC               | CORP              | US        |       -28 | NS      | $-5933.20     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Minth Group Ltd                | Minth Group Ltd                                           | CUSIP: N/A<br>LEI: 254900B2AH0G13K9G204       | Long             | EC               | CORP              | TW        |     26000 | NS      | $112585.23    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd            | Macquarie Group Ltd                                       | CUSIP: N/A<br>LEI: ACMHD8HWFMFUIQQ8Y590       | Long             | EC               | CORP              | AU        |       747 | NS      | $108427.01    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD ELECTRONIC                 | BYD Electronic International Co Ltd                       | CUSIP: N/A<br>LEI: 5299001O3LAFGRPZ3Y63       | Long             | EC               | CORP              | CN        |     13000 | NS      | $68915.05     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings Inc             | Sompo Holdings Inc                                        | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |      6600 | NS      | $204042.69    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Commerzbank AG                 | Commerzbank AG                                            | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |      5537 | NS      | $209642.60    | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                    | Italgas SpA                                               | CUSIP: N/A<br>LEI: 815600F25FF44EF1FA76       | Long             | EC               | CORP              | IT        |      7907 | NS      | $72837.96     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Nishi-Nippon Financial Holding | Nishi-Nippon Financial Holdings Inc                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      5000 | NS      | $84573.00     | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHEN INT'L                 | Shenzhen International Holdings Ltd                       | CUSIP: N/A<br>LEI: 5493002NKD14ZZMEJF98       | Long             | EC               | CORP              | HK        |     80000 | NS      | $80266.89     | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                     | JD.com Inc                                                | CUSIP: G8208B101<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |      7416 | NS      | $129932.12    | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                    | Aena SME SA                                               | CUSIP: N/A<br>LEI: 959800R7QMXKF0NFMT29       | Long             | EC               | CORP              | ES        |      7290 | NS      | $199304.18    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV               | ABN AMRO Bank NV                                          | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |      4623 | NS      | $148304.21    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Scout24 SE                     | Scout24 SE                                                | CUSIP: N/A<br>LEI: 5493007EIKM2ENQS7U66       | Long             | EC               | CORP              | DE        |       763 | NS      | $95724.26     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG               | Deutsche Bank AG                                          | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |      5498 | NS      | $194684.18    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                        | Aon PLC                                                   | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Short            | EC               | CORP              | GB        |       -28 | NS      | $-9984.24     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                                 | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Short            | EC               | CORP              | US        |       -23 | NS      | $-10925.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock PLC           | Smurfit WestRock PLC                                      | CUSIP: N/A<br>LEI: 635400EGSEOPDW2EXS14       | Short            | EC               | CORP              | IE        |      -204 | NS      | $-8684.28     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                  | On Holding AG                                             | CUSIP: N/A<br>LEI: 506700FB3467B9W95526       | Short            | EC               | CORP              | CH        |      -234 | NS      | $-9909.90     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings SA               | Copa Holdings SA                                          | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |       794 | NS      | $94343.08     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-20

**Name of Applicant:** Managed Portfolio Series

**Signature:** /s/ Benjamin Eirich

**Name of Signer:** Managed Portfolio Series

**Title:** Treasurer