# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001145549-23-004486
**Filing Date:** 2023-1
**Character Count:** 98693
**Document Hash:** 99bf8a81dc840c36102e913e7577c8f9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-004486.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001145549-23-004486

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Series Solutions
- **CENTRAL INDEX KEY:** 0001540305
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1112

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22668
- **FILM NUMBER:** 23566815

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

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

## Series and Classes Contracts Data

### Vident U.S. Equity Strategy ETF (Series ID: S000043147)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000133545 | Vident U.S. Equity Strategy ETF | VUSE            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Vident U.S. Equity Strategy ETF** | **Vident U.S. Equity Strategy ETF** | |
| Schedule of Investments | Schedule of Investments |  |
| November 30, 2022 (Unaudited) | November 30, 2022 (Unaudited) |  |
| **Shares** | **Security Description** | **Value** |
| **COMMON STOCKS - 99.4%** | **COMMON STOCKS - 99.4%** |  |
|  | **Communication Services - 6.3%** |  |
| 126699 | AT&T, Inc. | $2442757 |
| 54715 | Comcast Corporation - Class A | 2004758 |
| 67524 | DISH Network Corporation - Class A (a)(b) | 1083760 |
| 66281 | Fox Corporation - Class A | 2150819 |
| 90934 | Frontier Communications Parent, Inc. (a)(b) | 2343369 |
| 78994 | Interpublic Group of Companies, Inc. (a) | 2714234 |
| 32697 | John Wiley & Sons, Inc. - Class A (a) | 1550165 |
| 221020 | Lumen Technologies, Inc. (a) | 1208979 |
| 138061 | News Corporation - Class A (a) | 2643868 |
| 12760 | Nexstar Media Group, Inc. | 2418786 |
| 33799 | Omnicom Group, Inc. | 2695808 |
| 112745 | Telephone & Data Systems, Inc. | 1188332 |
| 17721 | T-Mobile US, Inc. (b) | 2684023 |
| 21959 | United States Cellular Corporation (a)(b) | 466848 |
| 52441 | Verizon Communications, Inc. | 2044150 |
| 77138 | Yelp, Inc. (a)(b) | 2387421 |
|  |  | 32028077 |
|  | **Consumer Discretionary -12.8%** |  |
| 52834 | Abercrombie & Fitch Company - Class A (a)(b) | 1266959 |
| 54037 | Academy Sports & Outdoors, Inc. (a) | 2727788 |
| 13913 | Asbury Automotive Group, Inc. (a)(b) | 2610357 |
| 19910 | AutoNation, Inc. (a)(b) | 2467048 |
| 21001 | Dick's Sporting Goods, Inc. (a) | 2511300 |
| 10458 | Dillards, Inc. - Class A (a) | 3761743 |
| 2078 | Graham Holdings Company - Class B | 1337567 |
| 17183 | Grand Canyon Education, Inc. (b) | 1942882 |
| 13368 | Group 1 Automotive, Inc. (a) | 2584569 |
| 114706 | Laureate Education, Inc. | 1202119 |
| 28045 | Lennar Corporation - Class A (a) | 2463192 |
| 8809 | Lithia Motors, Inc. (a) | 2108082 |
| 43838 | LKQ Corporation | 2381719 |
| 127391 | Macy's, Inc. | 2993688 |
| 41578 | MarineMax, Inc. (b) | 1373321 |
| 15806 | Mohawk Industries, Inc. (b) | 1601622 |
| 8742 | Murphy USA, Inc. (a) | 2585971 |
| 86136 | Perdoceo Education Corporation (b) | 1236052 |
| 50748 | PulteGroup, Inc. (a) | 2272495 |
| 34998 | Sonic Automotive, Inc. - Class A (a) | 1859794 |
| 22815 | Strategic Education, Inc. (a) | 1866267 |
| 55212 | Stride, Inc. (b) | 1955057 |
| 20528 | Sturm, Ruger & Company, Inc. (a) | 1127603 |
| 84107 | Taylor Morrison Home Corporation (a)(b) | 2556012 |
| 27606 | Thor Industries, Inc. (a) | 2377981 |
| 44654 | Toll Brothers, Inc. | 2139373 |
| 107161 | Tri Pointe Homes, Inc. (a)(b) | 1976049 |
| 63657 | Vista Outdoor, Inc. (a)(b) | 1780486 |
| 12231 | Whirlpool Corporation (a) | 1792208 |
| 16977 | Williams-Sonoma, Inc. (a) | 1984611 |
| 39521 | Winnebago Industries, Inc. (a) | 2315535 |
|  |  | 65159450 |
|  | **Consumer Staples - 8.1%** |  |
| 87941 | Albertsons Companies, Inc. - Class A | 1842364 |
| 31572 | Archer-Daniels-Midland Company | 3078270 |
| 25586 | Bunge, Ltd. | 2682436 |
| 11813 | Casey's General Stores, Inc. | 2870795 |
| 48671 | Edgewell Personal Care Company (a) | 2103074 |
| 22581 | Fresh Del Monte Produce, Inc. | 625042 |
| 14904 | Ingles Markets, Inc. - Class A (a) | 1506794 |
| 26705 | Ingredion, Inc. | 2616289 |
| 18030 | JM Smucker Company (a) | 2776800 |
| 60817 | Kraft Heinz Company (a) | 2393149 |
| 50402 | Kroger Company | 2479274 |
| 40245 | Molson Coors Beverage Company - Class B (a) | 2217902 |
| 5384 | Nu Skin Enterprises, Inc. - Class A | 224567 |
| 33666 | Pilgrim's Pride Corporation (a)(b) | 880703 |
| 27709 | Post Holdings, Inc. (b) | 2593839 |
| 14347 | PriceSmart, Inc. | 1019211 |
| 60302 | SpartanNash Company (a) | 1980921 |
| 84412 | Sprouts Farmers Market, Inc. (a)(b) | 2897864 |
| 28394 | Tyson Foods, Inc. - Class A | 1881954 |
| 6351 | United Natural Foods, Inc. (a)(b) | 302816 |
| 25659 | Universal Corporation | 1460254 |
| 8794 | USANA Health Sciences, Inc. (b) | 484022 |
|  |  | 40918340 |
|  | **Energy - 6.1%** |  |
| 17134 | Arch Resources, Inc. (a) | 2651486 |
| 7262 | Chesapeake Energy Corporation | 751617 |
| 16163 | Chevron Corporation | 2962840 |
| 20752 | Chord Energy Corporation (a) | 3165303 |
| 127024 | CNX Resources Corporation (a)(b) | 2206407 |
| 26960 | Exxon Mobil Corporation | 3001726 |
| 107946 | Marathon Oil Corporation | 3306386 |
| 52772 | Ovintiv, Inc. | 2942567 |
| 88801 | PBF Energy, Inc. - Class A | 3531616 |
| 39642 | PDC Energy, Inc. | 2946193 |
| 112113 | Peabody Energy Corporation (a)(b) | 3580889 |
|  |  | 31047030 |
|  | **Financials - 13.4%** |  |
| 41671 | Aflac, Inc. | 2997395 |
| 20203 | Allstate Corporation (a) | 2705182 |
| 17666 | American Financial Group, Inc. | 2512459 |
| 44952 | American International Group, Inc. | 2836921 |
| 13729 | Assurant, Inc. | 1760332 |
| 23983 | Bread Financial Holdings, Inc. | 984023 |
| 32899 | Coinbase Global, Inc. - Class A (a)(b) | 1504471 |
| 49658 | Cowen, Inc. - Class A (a) | 1919778 |
| 30465 | Donnelley Financial Solutions, Inc. (a)(b) | 1163154 |
| 31908 | Encore Capital Group, Inc. (a)(b) | 1608163 |
| 28598 | Enova International, Inc. (b) | 1153643 |
| 19495 | Evercore, Inc. - Class A | 2245434 |
| 29568 | Federated Hermes, Inc. | 1122401 |
| 16862 | Hanover Insurance Group, Inc. | 2483773 |
| 36533 | Hartford Financial Services Group, Inc. | 2790025 |
| 40850 | Loews Corporation | 2375428 |
| 1858 | Markel Corporation (a)(b) | 2461553 |
| 44356 | Mercury General Corporation | 1609236 |
| 38306 | Metlife, Inc. | 2938070 |
| 58038 | Mr Cooper Group, Inc. (b) | 2620996 |
| 14282 | Piper Sandler Companies (a) | 2051752 |
| 24377 | Prudential Financial, Inc. | 2633447 |
| 20441 | Reinsurance Group of America, Inc. | 2951680 |
| 20254 | Selective Insurance Group, Inc. (a) | 1946814 |
| 26658 | Stewart Information Services Corporation (a) | 1179883 |
| 33155 | Stifel Financial Corporation | 2130209 |
| 52769 | Synchrony Financial | 1983059 |
| 14900 | Travelers Companies, Inc. | 2828169 |
| 772 | UMB Financial Corporation | 66021 |
| 73211 | Unum Group | 3088040 |
| 105488 | Virtu Financial, Inc. - Class A (a) | 2339724 |
| 37468 | W.R. Berkley Corporation | 2858059 |
|  |  | 67849294 |
|  | **Health Care - 12.7%** |  |
| 21122 | AMN Healthcare Services, Inc. (b) | 2612792 |
| 25628 | Centene Corporation (b) | 2230917 |
| 8721 | Cigna Corporation | 2868250 |
| 24961 | CVS Health Corporation | 2543027 |
| 5070 | Elevance Health, Inc. | 2701904 |
| 111426 | Exelixis, Inc. (b) | 1903156 |
| 37405 | Fulgent Genetics, Inc. (b) | 1356679 |
| 38606 | Gilead Sciences, Inc. | 3390765 |
| 30250 | Henry Schein, Inc. (a)(b) | 2447830 |
| 33041 | Hologic, Inc. (b) | 2516403 |
| 4746 | Humana, Inc. | 2609825 |
| 123285 | Ironwood Pharmaceuticals, Inc. (a)(b) | 1492981 |
| 9459 | Laboratory Corporation of America Holdings | 2276781 |
| 7049 | McKesson Corporation | 2690462 |
| 71320 | Meridian Bioscience, Inc. (b) | 2282240 |
| 14247 | Moderna, Inc. (b) | 2506190 |
| 7782 | Molina Healthcare, Inc. (b) | 2620744 |
| 45486 | Pfizer, Inc. | 2280213 |
| 31664 | Prestige Consumer Healthcare, Inc. (b) | 1946070 |
| 17788 | Quest Diagnostics, Inc. | 2700752 |
| 22572 | QuidelOrtho Corporation (b) | 1977533 |
| 4006 | Regeneron Pharmaceuticals, Inc. (b) | 3011310 |
| 70492 | REGENXBIO, Inc. (b) | 1684759 |
| 10336 | United Therapeutics Corporation (b) | 2892943 |
| 20957 | Universal Health Services, Inc. - Class B (a) | 2742224 |
| 186239 | Viatris, Inc. | 2054216 |
| 80437 | Vir Biotechnology, Inc. (a)(b) | 2269932 |
|  |  | 64610898 |
|  | **Industrials - 9.7%** |  |
| 28702 | ArcBest Corporation (a) | 2375665 |
| 26253 | Atkore, Inc. (a)(b) | 3206804 |
| 33717 | Atlas Air Worldwide Holdings, Inc. (a)(b) | 3397662 |
| 36387 | Boise Cascade Company (a) | 2694093 |
| 35555 | Builders FirstSource, Inc. (b) | 2273031 |
| 8142 | CACI International, Inc. - Class A (b) | 2542747 |
| 108334 | CoreCivic, Inc. (b) | 1438676 |
| 3059 | Deluxe Corporation | 59161 |
| 21476 | Encore Wire Corporation (a) | 3137858 |
| 1385 | FedEx Corporation | 252375 |
| 46301 | GMS, Inc. (b) | 2273379 |
| 45883 | Knight-Swift Transportation Holdings, Inc. (a) | 2543295 |
| 12547 | Korn Ferry | 715555 |
| 21880 | ManpowerGroup, Inc. (a) | 1914938 |
| 27545 | Matson, Inc. (a) | 1756269 |
| 78284 | MDU Resources Group, Inc. | 2465163 |
| 35612 | Mueller Industries, Inc. (a) | 2449037 |
| 14587 | MYR Group, Inc. (b) | 1393496 |
| 27732 | Owens Corning | 2463711 |
| 22987 | Rush Enterprises, Inc. - Class A (a) | 1184520 |
| 77417 | Schneider National, Inc. - Class B (a) | 1994262 |
| 20003 | Science Applications International Corporation | 2202530 |
| 27344 | UFP Industries, Inc. (a) | 2238380 |
| 54372 | Werner Enterprises, Inc. (a) | 2391281 |
|  |  | 49363888 |
|  | **Information Technology - 21.8%** |  |
| 64139 | Adeia, Inc. | 708736 |
| 58984 | Alpha & Omega Semiconductor, Ltd. (a)(b) | 2069159 |
| 26859 | Amdocs, Ltd. | 2386691 |
| 123771 | Amkor Technology, Inc. (a) | 3468063 |
| 51068 | Avnet, Inc. (a) | 2306742 |
| 36606 | Axcelis Technologies, Inc. (a)(b) | 2923355 |
| 37466 | Belden, Inc. | 3013765 |
| 15328 | Ciena Corporation (b) | 689147 |
| 52391 | Cisco Systems, Inc. | 2604880 |
| 33976 | Cognizant Technology Solutions Corporation - Class A | 2113647 |
| 50416 | Cohu, Inc. (a)(b) | 1805901 |
| 13471 | Concentrix Corporation | 1648581 |
| 175591 | Conduent, Inc. (b) | 709388 |
| 67809 | Corning, Inc. | 2314321 |
| 21925 | CSG Systems International, Inc. | 1355842 |
| 30895 | Diodes, Inc. (a)(b) | 2849446 |
| 102648 | Dropbox, Inc. - Class A (b) | 2418387 |
| 75181 | DXC Technology Company (b) | 2230620 |
| 16349 | ExlService Holdings, Inc. (a)(b) | 3060533 |
| 23514 | Fidelity National Information Services, Inc. | 1706646 |
| 32345 | First Solar, Inc. (b) | 5580483 |
| 153964 | Flex, Ltd. (b) | 3384129 |
| 169258 | Hewlett Packard Enterprise Company | 2840149 |
| 71788 | HP, Inc. | 2156512 |
| 59459 | Intel Corporation | 1787932 |
| 37051 | InterDigital, Inc. | 1858849 |
| 18306 | International Business Machines Corporation | 2725763 |
| 42829 | Jabil, Inc. | 3091825 |
| 81459 | Juniper Networks, Inc. | 2707697 |
| 77652 | Knowles Corporation (a)(b) | 1211371 |
| 47661 | Kulicke and Soffa Industries, Inc. (a) | 2285345 |
| 223640 | Kyndryl Holdings, Inc. (b) | 2618824 |
| 24470 | Lumentum Holdings, Inc. (a)(b) | 1344382 |
| 31593 | Methode Electronics, Inc. (a) | 1443168 |
| 38026 | Micron Technology, Inc. | 2192199 |
| 21250 | MKS Instruments, Inc. (a) | 1782025 |
| 69905 | NetScout Systems, Inc. (b) | 2606058 |
| 39480 | ON Semiconductor Corporation (a)(b) | 2968896 |
| 11039 | OSI Systems, Inc. (b) | 976731 |
| 107456 | Photronics, Inc. (b) | 2020173 |
| 16732 | Plexus Corporation (a)(b) | 1844201 |
| 22333 | Qorvo, Inc. (b) | 2216550 |
| 54251 | Sanmina Corporation (b) | 3585449 |
| 60752 | Teradata Corporation (b) | 2074681 |
| 95302 | TTM Technologies, Inc. (b) | 1531503 |
| 120576 | Vishay Intertechnology, Inc. (a) | 2778071 |
| 49357 | Western Digital Corporation (b) | 1813870 |
| 139309 | Western Union Company (a) | 2042270 |
| 146551 | Xerox Holdings Corporation (a) | 2390247 |
| 25655 | Xperi, Inc. (b) | 274765 |
|  |  | 110517968 |
|  | **Materials - 3.9%** |  |
| 17398 | Alpha Metallurgical Resources, Inc. | 2979059 |
| 27664 | CF Industries Holdings, Inc. | 2992968 |
| 66443 | Commercial Metals Company (a) | 3270324 |
| 49282 | Mosaic Company (a) | 2528167 |
| 19446 | Nucor Corporation | 2915928 |
| 12895 | Reliance Steel & Aluminum Company | 2724585 |
| 60632 | Warrior Met Coal, Inc. | 2232470 |
|  |  | 19643501 |
|  | **Real Estate - 2.0%** |  |
| 187557 | Anywhere Real Estate, Inc. (a)(b) | 1416055 |
| 28313 | CBRE Group, Inc. - Class A (b) | 2253715 |
| 12661 | Jones Lang LaSalle, Inc. (b) | 2129201 |
| 49800 | PotlatchDeltic Corporation (a) | 2379942 |
| 65617 | Weyerhaeuser Company | 2146332 |
|  |  | 10325245 |
|  | **Utilities - 2.6%** |  |
| 52941 | Exelon Corporation | 2190169 |
| 25316 | Hawaiian Electric Industries, Inc. (a) | 1039981 |
| 35627 | National Fuel Gas Company | 2359576 |
| 65464 | NRG Energy, Inc. | 2778947 |
| 56520 | UGI Corporation (a) | 2184498 |
| 102081 | Vistra Energy Corporation | 2483631 |
|  |  | 13036802 |
|  | TOTAL COMMON STOCKS (Cost $444,433,275) | 504500493 |
| **Principal Amount** |  |  |
| **SHORT-TERM INVESTMENTS - 0.3%** | **SHORT-TERM INVESTMENTS - 0.3%** |  |
|  | **Money Market Deposit Account - 0.3%** |  |
| $1575152 | U.S. Bank Money Market Deposit Account, 2.90% (c) | 1575152 |
|  | TOTAL SHORT-TERM INVESTMENTS (Cost $1,575,152) | 1575152 |
| **Units** |  |  |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 30.9%** | **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 30.9%** |  |
|  | **Private Funds - 30.9%** |  |
| 156650800 | Mount Vernon Liquid Assets Portfolio, LLC, 4.07% (d)(e) | 156650800 |
|  | TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost 156,650,800) | 156650800 |
|  | TOTAL INVESTMENTS - 130.6% (Cost $602,659,227) | 662726445 |
|  | Liabilities in Excess of Other Assets - (30.6)% | (155279177) |
|  | NET ASSETS - 100.0% | $507447268 |
|  | Percentages are stated as a percent of net assets. |  |
| (a) <br>| All or portion of this security is out on loan as of November 30, 2022. Total value of securities out on loan is $156,170,721 or 30.8% of net assets. |  |
| (b) <br>| Non-income producing security. |  |
| (c) <br>| The Money Market Deposit Account (the "MMDA") is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of November 30, 2022. |  |
| (d) <br>| Annualized seven-day yield as of November 30, 2022. |  |
| (e) <br>| Privately offered liquidity fund. |  |
|  | The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by the Fund's Administrator, U.S. Bancorp Fund Services, LLC. |  |

---

------

**Summary of Fair Value Disclosure at November 30, 2022 (Unaudited)**<br>The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United States of America ("U.S. GAAP") establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:<br>Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.<br> Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.<br> Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.<br>The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security.<br>To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.<br>The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.<br>The following is a summary of the inputs used to value the Fund's investments as of November 30, 2022:<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | <u>Level 1</u> | <u>Level 2</u> | <u>Level 3</u> | <u>Total</u> |
| Common Stocks | $504500493 | $- | $- | $504500493 |
| Short-Term Investments | 1575152 | - | - | 1575152 |
| Investments Purchased with Proceeds from Securities Lending | - | 156650800 | - | 156650800 |
| Total Investments in Securities | $506075645 | $156650800 | $- | $662726445 |
| ^See Schedule of Investments for breakout of investments by sector classification. | ^See Schedule of Investments for breakout of investments by sector classification. |  |  |  |
| For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. | For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. | For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. | For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. | For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ETF Series Solutions

- **b. Investment Company Act file number:** 811-22668

- **c. CIK number of Registrant:** 0001540305

- **d. LEI of Registrant:** 5493008BB0X0GYS3UI50

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1645

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

- **a. Name of Series:** Vident Core U.S. Equity Fund

- **b. EDGAR series identifier (if any):** S000043147

- **c. LEI of Series:** 549300AZ81M6116DZI53

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $664296579.05

**Total Liabilities:** $156851045.11

**Net Assets:** $507445533.94

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000133545 | -8.91%               | 12.01%               | 6.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-41890501.11                              |
| Month 2  | $-7.62                   | $50137738.00                               |
| Month 3  | $16391.00                | $29126666.51                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Aflac Inc                                 | Aflac Inc                                  | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     41671 | NS      | $2997395.03   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc               | AMN Healthcare Services Inc                | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |     21122 | NS      | $2612791.40   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                  | AT&T Inc                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    126699 | NS      | $2442756.72   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                    | Abercrombie & Fitch Co                     | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     52834 | NS      | $1266959.32   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Academy Sports & Outdoors Inc             | Academy Sports & Outdoors Inc              | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54037 | NS      | $2727787.76   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Adeia Inc                                 | Adeia Inc                                  | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64139 | NS      | $708735.95    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                      | Federated Hermes Inc                       | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |     29568 | NS      | $1122401.28   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                | FedEx Corp                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      1385 | NS      | $252374.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information             | Fidelity National Information Services Inc | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     23514 | NS      | $1706646.12   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                           | First Solar Inc                            | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     32345 | NS      | $5580482.85   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                  | Fox Corp                                   | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     66281 | NS      | $2150818.45   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Communications Parent            | Frontier Communications Parent Inc         | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90934 | NS      | $2343369.18   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Fulgent Genetics Inc                      | Fulgent Genetics Inc                       | CUSIP: 359664109<br>LEI: 549300CL6P01M68QJ404 | Long             | EC               | CORP              | US        |     37405 | NS      | $1356679.35   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| GMS Inc                                   | GMS Inc                                    | CUSIP: 36251C103<br>LEI: 52990057RENOQO4U0D72 | Long             | EC               | CORP              | US        |     46301 | NS      | $2273379.10   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                       | Gilead Sciences Inc                        | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     38606 | NS      | $3390764.98   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                        | Graham Holdings Co                         | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |      2078 | NS      | $1337567.04   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                | Grand Canyon Education Inc                 | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |     17183 | NS      | $1942881.81   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc                    | Group 1 Automotive Inc                     | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     13368 | NS      | $2584569.12   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| HP Inc                                    | HP Inc                                     | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     71788 | NS      | $2156511.52   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th            | Hanover Insurance Group Inc/The            | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     16862 | NS      | $2483772.60   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Gr            | Hartford Financial Services Group Inc/The  | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     36533 | NS      | $2790025.21   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries I            | Hawaiian Electric Industries Inc           | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |     25316 | NS      | $1039981.28   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Hewlett Packard Enterprise Co             | Hewlett Packard Enterprise Co              | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    169258 | NS      | $2840149.24   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                               | Hologic Inc                                | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     33041 | NS      | $2516402.56   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                | Humana Inc                                 | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      4746 | NS      | $2609825.40   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc                        | Ingles Markets Inc                         | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |     14904 | NS      | $1506794.40   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Ingredion Inc                             | Ingredion Inc                              | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     26705 | NS      | $2616288.85   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                | Intel Corp                                 | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     59459 | NS      | $1787932.13   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                          | InterDigital Inc                           | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37051 | NS      | $1858848.67   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                                       | International Business Machines Corp       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     18306 | NS      | $2725763.40   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos Inc/T            | Interpublic Group of Cos Inc/The           | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |     78994 | NS      | $2714233.84   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Ironwood Pharmaceuticals Inc              | Ironwood Pharmaceuticals Inc               | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Long             | EC               | CORP              | US        |    123285 | NS      | $1492981.35   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Jabil Inc                                 | Jabil Inc                                  | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     42829 | NS      | $3091825.51   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc                    | Jones Lang LaSalle Inc                     | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     12661 | NS      | $2129200.37   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co                  | Molson Coors Beverage Co                   | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     40245 | NS      | $2217901.95   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Mosaic Co/The                             | Mosaic Co/The                              | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     49282 | NS      | $2528166.60   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Mueller Industries Inc                    | Mueller Industries Inc                     | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     35612 | NS      | $2449037.24   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Mr Cooper Group Inc                       | Mr Cooper Group Inc                        | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |     58038 | NS      | $2620996.08   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                            | Murphy USA Inc                             | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      8742 | NS      | $2585971.02   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| NRG Energy Inc                            | NRG Energy Inc                             | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     65464 | NS      | $2778946.80   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                      | National Fuel Gas Co                       | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     35627 | NS      | $2359576.21   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NetScout Systems Inc                      | NetScout Systems Inc                       | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     69905 | NS      | $2606058.40   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                                 | News Corp                                  | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    138061 | NS      | $2643868.15   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Nexstar Media Group Inc                   | Nexstar Media Group Inc                    | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     12760 | NS      | $2418785.60   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Skin Enterprises Inc                   | Nu Skin Enterprises Inc                    | CUSIP: 67018T105<br>LEI: 54930050DETB6CP71D38 | Long             | EC               | CORP              | US        |      5384 | NS      | $224566.64    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                                | Nucor Corp                                 | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     19446 | NS      | $2915927.70   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI Systems Inc                           | OSI Systems Inc                            | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |     11039 | NS      | $976730.72    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                         | Chord Energy Corp                          | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     20752 | NS      | $3165302.56   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Omnicom Group Inc                         | Omnicom Group Inc                          | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     33799 | NS      | $2695808.24   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp                     | ON Semiconductor Corp                      | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     39480 | NS      | $2968896.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Ovintiv Inc                               | Ovintiv Inc                                | CUSIP: 69047Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52772 | NS      | $2942566.72   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                             | Owens Corning                              | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     27732 | NS      | $2463710.88   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                            | PBF Energy Inc                             | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     88801 | NS      | $3531615.77   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC Energy Inc                            | PDC Energy Inc                             | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |     39642 | NS      | $2946193.44   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp                       | Peabody Energy Corp                        | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |    112113 | NS      | $3580889.22   | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Perdoceo Education Corp                   | Perdoceo Education Corp                    | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     86136 | NS      | $1236051.60   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                | Pfizer Inc                                 | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     45486 | NS      | $2280213.18   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                            | Photronics Inc                             | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |    107456 | NS      | $2020172.80   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp                      | Pilgrim's Pride Corp                       | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |     33666 | NS      | $880702.56    | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Piper Sandler Cos                         | Piper Sandler Cos                          | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     14282 | NS      | $2051752.12   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Plexus Corp                               | Plexus Corp                                | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     16732 | NS      | $1844201.04   | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Post Holdings Inc                         | Post Holdings Inc                          | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     27709 | NS      | $2593839.49   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp                       | PotlatchDeltic Corp                        | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     49800 | NS      | $2379942.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Prestige Consumer Healthcare I            | Prestige Consumer Healthcare Inc           | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31664 | NS      | $1946069.44   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PriceSmart Inc                            | PriceSmart Inc                             | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |     14347 | NS      | $1019210.88   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc                  | Prudential Financial Inc                   | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     24377 | NS      | $2633447.31   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc                        | Albertsons Cos Inc                         | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |     87941 | NS      | $1842363.95   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                            | PulteGroup Inc                             | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50748 | NS      | $2272495.44   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Qorvo Inc                                 | Qorvo Inc                                  | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     22333 | NS      | $2216550.25   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc              | Bread Financial Holdings Inc               | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     23983 | NS      | $984022.49    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                         | Allstate Corp/The                          | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     20203 | NS      | $2705181.70   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Quest Diagnostics Inc                     | Quest Diagnostics Inc                      | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     17788 | NS      | $2700752.04   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Anywhere Real Estate Inc                  | Anywhere Real Estate Inc                   | CUSIP: 75605Y106<br>LEI: 5493004HBTOTE9DI9P12 | Long             | EC               | CORP              | US        |    187557 | NS      | $1416055.35   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Alpha Metallurgical Resources             | Alpha Metallurgical Resources Inc          | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17398 | NS      | $2979059.54   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/O            | American Financial Group Inc/OH            | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     17666 | NS      | $2512458.52   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc             | Regeneron Pharmaceuticals Inc              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      4006 | NS      | $3011310.20   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENXBIO Inc                             | REGENXBIO Inc                              | CUSIP: 75901B107<br>LEI: 549300EOES47LATSET33 | Long             | EC               | CORP              | US        |     70492 | NS      | $1684758.80   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I            | Reinsurance Group of America Inc           | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     20441 | NS      | $2951680.40   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co              | Reliance Steel & Aluminum Co               | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     12895 | NS      | $2724584.55   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                      | Rush Enterprises Inc                       | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     22987 | NS      | $1184520.11   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Sanmina Corp                              | Sanmina Corp                               | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     54251 | NS      | $3585448.59   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein Inc                          | Henry Schein Inc                           | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     30250 | NS      | $2447830.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Schneider National Inc                    | Schneider National Inc                     | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |     77417 | NS      | $1994261.92   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Science Applications Internati            | Science Applications International Corp    | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |     20003 | NS      | $2202530.33   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc             | Selective Insurance Group Inc              | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     20254 | NS      | $1946814.48   | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| American International Group I            | American International Group Inc           | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     44952 | NS      | $2836920.72   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology Inc                      | Amkor Technology Inc                       | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |    123771 | NS      | $3468063.42   | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Elevance Health Inc                       | Elevance Health Inc                        | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      5070 | NS      | $2701904.40   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                              | ArcBest Corp                               | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     28702 | NS      | $2375664.54   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| J M Smucker Co/The                        | J M Smucker Co/The                         | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |     18030 | NS      | $2776800.30   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Sonic Automotive Inc                      | Sonic Automotive Inc                       | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |     34998 | NS      | $1859793.72   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| SpartanNash Co                            | SpartanNash Co                             | CUSIP: 847215100<br>LEI: 549300TV3QCCSQLF5X16 | Long             | EC               | CORP              | US        |     60302 | NS      | $1980920.70   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Sprouts Farmers Market Inc                | Sprouts Farmers Market Inc                 | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     84412 | NS      | $2897863.96   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Arch Resources Inc                        | Arch Resources Inc                         | CUSIP: 03940R107<br>LEI: W47HVZ7Q6FXL86RELH91 | Long             | EC               | CORP              | US        |     17134 | NS      | $2651486.50   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Archer-Daniels-Midland Co                 | Archer-Daniels-Midland Co                  | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     31572 | NS      | $3078270.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc               | Asbury Automotive Group Inc                | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |     13913 | NS      | $2610357.06   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Assurant Inc                              | Assurant Inc                               | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |     13729 | NS      | $1760332.38   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services C            | Stewart Information Services Corp          | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |     26658 | NS      | $1179883.08   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Stifel Financial Corp                     | Stifel Financial Corp                      | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     33155 | NS      | $2130208.75   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategic Education Inc                   | Strategic Education Inc                    | CUSIP: 86272C103<br>LEI: 0PYXF82EO1UCNGL5I740 | Long             | EC               | CORP              | US        |     22815 | NS      | $1866267.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Stride Inc                                | Stride Inc                                 | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     55212 | NS      | $1955056.92   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                                | Atkore Inc                                 | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     26253 | NS      | $3206803.95   | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| Atlas Air Worldwide Holdings I            | Atlas Air Worldwide Holdings Inc           | CUSIP: 049164205<br>LEI: 549300R0A2TUVCYZB465 | Long             | EC               | CORP              | US        |     33717 | NS      | $3397662.09   | 0.67%             |  |  |  | No            |                  1 | On Loan: —       |
| Sturm Ruger & Co Inc                      | Sturm Ruger & Co Inc                       | CUSIP: 864159108<br>LEI: 529900DV1BWFJSHFO847 | Long             | EC               | CORP              | US        |     20528 | NS      | $1127603.04   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Synchrony Financial                       | Synchrony Financial                        | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     52769 | NS      | $1983059.02   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                           | T-Mobile US Inc                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     17721 | NS      | $2684022.66   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                      | Tri Pointe Homes Inc                       | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107161 | NS      | $1976048.84   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| AutoNation Inc                            | AutoNation Inc                             | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19910 | NS      | $2467048.10   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Avnet Inc                                 | Avnet Inc                                  | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     51068 | NS      | $2306741.56   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| TTM Technologies Inc                      | TTM Technologies Inc                       | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     95302 | NS      | $1531503.14   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                 | Taylor Morrison Home Corp                  | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     84107 | NS      | $2556011.73   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Axcelis Technologies Inc                  | Axcelis Technologies Inc                   | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     36606 | NS      | $2923355.16   | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Belden Inc                                | Belden Inc                                 | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     37466 | NS      | $3013765.04   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc            | Telephone and Data Systems Inc             | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112745 | NS      | $1188332.30   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                             | Teradata Corp                              | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     60752 | NS      | $2074680.80   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                          | W R Berkley Corp                           | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     37468 | NS      | $2858059.04   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                          | Boise Cascade Co                           | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     36387 | NS      | $2694093.48   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Werner Enterprises Inc                    | Werner Enterprises Inc                     | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |     54372 | NS      | $2391280.56   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Western Digital Corp                      | Western Digital Corp                       | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     49357 | NS      | $1813869.75   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The                      | Western Union Co/The                       | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |    139309 | NS      | $2042269.94   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Weyerhaeuser Co                           | Weyerhaeuser Co                            | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     65617 | NS      | $2146332.07   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                            | Whirlpool Corp                             | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |     12231 | NS      | $1792208.43   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| John Wiley & Sons Inc                     | John Wiley & Sons Inc                      | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     32697 | NS      | $1550164.77   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Williams-Sonoma Inc                       | Williams-Sonoma Inc                        | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     16977 | NS      | $1984611.30   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Winnebago Industries Inc                  | Winnebago Industries Inc                   | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     39521 | NS      | $2315535.39   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Builders FirstSource Inc                  | Builders FirstSource Inc                   | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     35555 | NS      | $2273031.15   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                            | CBRE Group Inc                             | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     28313 | NS      | $2253714.80   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corp                       | Xerox Holdings Corp                        | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |    146551 | NS      | $2390246.81   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Xperi Inc                                 | Xperi Inc                                  | CUSIP: 98423J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25655 | NS      | $274765.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                | CF Industries Holdings Inc                 | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     27664 | NS      | $2992968.16   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp                                | Cigna Corp                                 | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      8721 | NS      | $2868249.69   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                  | Yelp Inc                                   | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     77138 | NS      | $2387421.10   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        | 156650800 | NS      | $156650799.51 | 30.87%            |  |  |  | No            |                  2 | On Loan: No      |
| CSG Systems International Inc             | CSG Systems International Inc              | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |     21925 | NS      | $1355842.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                        | CNX Resources Corp                         | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |    127024 | NS      | $2206406.88   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| CVS Health Corp                           | CVS Health Corp                            | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     24961 | NS      | $2543026.68   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                    | CACI International Inc                     | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      8142 | NS      | $2542746.60   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                | Casey's General Stores Inc                 | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     11813 | NS      | $2870795.26   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                              | Centene Corp                               | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     25628 | NS      | $2230917.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                | Amdocs Ltd                                 | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | US        |     26859 | NS      | $2386690.74   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Ltd                                 | Bunge Ltd                                  | CUSIP: N/A<br>LEI: 5493007M0RIN8HY3MM77       | Long             | EC               | CORP              | US        |     25586 | NS      | $2682436.24   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Energy Corp                    | Chesapeake Energy Corp                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      7262 | NS      | $751617.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                              | Chevron Corp                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16163 | NS      | $2962839.53   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                | Ciena Corp                                 | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     15328 | NS      | $689146.88    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                         | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     52391 | NS      | $2604880.52   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions            | Cognizant Technology Solutions Corp        | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     33976 | NS      | $2113646.96   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                  | Cohu Inc                                   | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     50416 | NS      | $1805901.12   | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Coinbase Global Inc                       | Coinbase Global Inc                        | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     32899 | NS      | $1504471.27   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Comcast Corp                              | Comcast Corp                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     54715 | NS      | $2004757.60   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce Inc               | Fresh Del Monte Produce Inc                | CUSIP: N/A<br>LEI: 529900I72V9F0FEZR228       | Long             | EC               | CORP              | US        |     22581 | NS      | $625042.08    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Lt            | Alpha & Omega Semiconductor Ltd            | CUSIP: N/A<br>LEI: 5493001FE7J03YOV2V35       | Long             | EC               | CORP              | US        |     58984 | NS      | $2069158.72   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Commercial Metals Co                      | Commercial Metals Co                       | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     66443 | NS      | $3270324.46   | 0.64%             |  |  |  | No            |                  1 | On Loan: —       |
| Concentrix Corp                           | Concentrix Corp                            | CUSIP: 20602D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13471 | NS      | $1648580.98   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                                  | Flex Ltd                                   | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | US        |    153964 | NS      | $3384128.72   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Conduent Inc                              | Conduent Inc                               | CUSIP: 206787103<br>LEI: 549300SFJ2D2CYY6CQ11 | Long             | EC               | CORP              | US        |    175591 | NS      | $709387.64    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreCivic Inc                             | CoreCivic Inc                              | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |    108334 | NS      | $1438675.52   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                               | Corning Inc                                | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     67809 | NS      | $2314321.17   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                          | QuidelOrtho Corp                           | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     22572 | NS      | $1977532.92   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cowen Inc                                 | Cowen Inc                                  | CUSIP: 223622606<br>LEI: 5493008QI0EFC5WBED75 | Long             | EC               | CORP              | US        |     49658 | NS      | $1919778.28   | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| DXC Technology Co                         | DXC Technology Co                          | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |     75181 | NS      | $2230620.27   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Deluxe Corp                               | Deluxe Corp                                | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |      3059 | NS      | $59161.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                 | Dick's Sporting Goods Inc                  | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     21001 | NS      | $2511299.58   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Dillard's Inc                             | Dillard's Inc                              | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |     10458 | NS      | $3761742.60   | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Diodes Inc                                | Diodes Inc                                 | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     30895 | NS      | $2849445.85   | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| DISH Network Corp                         | DISH Network Corp                          | CUSIP: 25470M109<br>LEI: 529900U350CWHH15G169 | Long             | EC               | CORP              | US        |     67524 | NS      | $1083760.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Donnelley Financial Solutions             | Donnelley Financial Solutions Inc          | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |     30465 | NS      | $1163153.70   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Dropbox Inc                               | Dropbox Inc                                | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |    102648 | NS      | $2418386.88   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co                 | Edgewell Personal Care Co                  | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     48671 | NS      | $2103073.91   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Encore Capital Group Inc                  | Encore Capital Group Inc                   | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     31908 | NS      | $1608163.20   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Encore Wire Corp                          | Encore Wire Corp                           | CUSIP: 292562105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21476 | NS      | $3137858.36   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Enova International Inc                   | Enova International Inc                    | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     28598 | NS      | $1153643.32   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                              | Evercore Inc                               | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     19495 | NS      | $2245434.10   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                               | Exelon Corp                                | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     52941 | NS      | $2190169.17   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                              | Exelixis Inc                               | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |    111426 | NS      | $1903156.08   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc                   | ExlService Holdings Inc                    | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     16349 | NS      | $3060532.80   | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Exxon Mobil Corp                          | Exxon Mobil Corp                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     26960 | NS      | $3001726.40   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Juniper Networks Inc                      | Juniper Networks Inc                       | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |     81459 | NS      | $2707697.16   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Ho            | Knight-Swift Transportation Holdings Inc   | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45883 | NS      | $2543294.69   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Knowles Corp                              | Knowles Corp                               | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |     77652 | NS      | $1211371.20   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Korn Ferry                                | Korn Ferry                                 | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     12547 | NS      | $715555.41    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                        | Kraft Heinz Co/The                         | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     60817 | NS      | $2393148.95   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Kroger Co/The                             | Kroger Co/The                              | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     50402 | NS      | $2479274.38   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc            | Kulicke & Soffa Industries Inc             | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | SG        |     47661 | NS      | $2285344.95   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Kyndryl Holdings Inc                      | Kyndryl Holdings Inc                       | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    223640 | NS      | $2618824.40   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                                  | LKQ Corp                                   | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     43838 | NS      | $2381718.54   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Laboratory Corp of America Hol            | Laboratory Corp of America Holdings        | CUSIP: 50540R409<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | EC               | CORP              | US        |      9459 | NS      | $2276781.30   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education Inc                    | Laureate Education Inc                     | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |    114706 | NS      | $1202118.88   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                               | Lennar Corp                                | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     28045 | NS      | $2463192.35   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Lithia Motors Inc                         | Lithia Motors Inc                          | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |      8809 | NS      | $2108081.79   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Loews Corp                                | Loews Corp                                 | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     40850 | NS      | $2375427.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                    | Lumen Technologies Inc                     | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |    221020 | NS      | $1208979.40   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Lumentum Holdings Inc                     | Lumentum Holdings Inc                      | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     24470 | NS      | $1344381.80   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| MDU Resources Group Inc                   | MDU Resources Group Inc                    | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78284 | NS      | $2465163.16   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc                       | MKS Instruments Inc                        | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     21250 | NS      | $1782025.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| MYR Group Inc                             | MYR Group Inc                              | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     14587 | NS      | $1393496.11   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                                | Macy's Inc                                 | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |    127391 | NS      | $2993688.50   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc                         | ManpowerGroup Inc                          | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |     21880 | NS      | $1914937.60   | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Marathon Oil Corp                         | Marathon Oil Corp                          | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |    107946 | NS      | $3306385.98   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| MarineMax Inc                             | MarineMax Inc                              | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |     41578 | NS      | $1373321.34   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Corp                               | Markel Corp                                | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      1858 | NS      | $2461552.72   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Matson Inc                                | Matson Inc                                 | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     27545 | NS      | $1756269.20   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| McKesson Corp                             | McKesson Corp                              | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      7049 | NS      | $2690462.32   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp                      | Mercury General Corp                       | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |     44356 | NS      | $1609235.68   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Meridian Bioscience Inc                   | Meridian Bioscience Inc                    | CUSIP: 589584101<br>LEI: 549300ELSRZEFFFRX195 | Long             | EC               | CORP              | US        |     71320 | NS      | $2282240.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Methode Electronics Inc                   | Methode Electronics Inc                    | CUSIP: 591520200<br>LEI: 529900VM413LGLUS3F07 | Long             | EC               | CORP              | US        |     31593 | NS      | $1443168.24   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| MetLife Inc                               | MetLife Inc                                | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     38306 | NS      | $2938070.20   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                     | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     38026 | NS      | $2192198.90   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                               | Moderna Inc                                | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |     14247 | NS      | $2506189.77   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                     | Mohawk Industries Inc                      | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     15806 | NS      | $1601621.98   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                     | Molina Healthcare Inc                      | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |      7782 | NS      | $2620744.14   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                       | Thor Industries Inc                        | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     27606 | NS      | $2377980.84   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Toll Brothers Inc                         | Toll Brothers Inc                          | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     44654 | NS      | $2139373.14   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                     | Travelers Cos Inc/The                      | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     14900 | NS      | $2828169.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account    | U.S. Bank Money Market Deposit Account     | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1575152 | NS      | $1575151.90   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                           | Tyson Foods Inc                            | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     28394 | NS      | $1881954.32   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                  | UGI Corp                                   | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     56520 | NS      | $2184498.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| UMB Financial Corp                        | UMB Financial Corp                         | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |       772 | NS      | $66021.44     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                        | UFP Industries Inc                         | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     27344 | NS      | $2238379.84   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| USANA Health Sciences Inc                 | USANA Health Sciences Inc                  | CUSIP: 90328M107<br>LEI: 549300YTURXE814MAH96 | Long             | EC               | CORP              | US        |      8794 | NS      | $484021.76    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods Inc                  | United Natural Foods Inc                   | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |      6351 | NS      | $302815.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| United States Cellular Corp               | United States Cellular Corp                | CUSIP: 911684108<br>LEI: 549300B164AZXESI6E03 | Long             | EC               | CORP              | US        |     21959 | NS      | $466848.34    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| United Therapeutics Corp                  | United Therapeutics Corp                   | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |     10336 | NS      | $2892943.04   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Corp/VA                         | Universal Corp/VA                          | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |     25659 | NS      | $1460253.69   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc             | Universal Health Services Inc              | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     20957 | NS      | $2742223.45   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Unum Group                                | Unum Group                                 | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     73211 | NS      | $3088039.98   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                | Verizon Communications Inc                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     52441 | NS      | $2044150.18   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                               | Viatris Inc                                | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    186239 | NS      | $2054216.17   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vir Biotechnology Inc                     | Vir Biotechnology Inc                      | CUSIP: 92764N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80437 | NS      | $2269932.14   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Virtu Financial Inc                       | Virtu Financial Inc                        | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |    105488 | NS      | $2339723.84   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Vishay Intertechnology Inc                | Vishay Intertechnology Inc                 | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    120576 | NS      | $2778071.04   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Vista Outdoor Inc                         | Vista Outdoor Inc                          | CUSIP: 928377100<br>LEI: 549300QI2D33ESTJLN81 | Long             | EC               | CORP              | US        |     63657 | NS      | $1780486.29   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Vistra Corp                               | Vistra Corp                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    102081 | NS      | $2483630.73   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal Inc                      | Warrior Met Coal Inc                       | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     60632 | NS      | $2232470.24   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer