# EDGAR Filing Document

**Accession Number:** 0001707560
**File Stem:** 0001193125-25-292313
**Filing Date:** 2025-11
**Character Count:** 193961
**Document Hash:** 3e4e9475305be29c63db5bf264c0170a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-292313.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001193125-25-292313

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Adviser Series
- **CENTRAL INDEX KEY:** 0001707560

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23259
- **FILM NUMBER:** 251509846

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 1-800-341-7400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Adviser Series
- **DATE OF NAME CHANGE:** 20200616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Hermes Adviser Series
- **DATE OF NAME CHANGE:** 20200615

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Adviser Series
- **DATE OF NAME CHANGE:** 20180820

## Series and Classes Contracts Data

### Federated Hermes MDT Market Neutral Fund (Series ID: S000072284)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000228383 | Institutional Shares | QQMNX           |
| C000228384 | Class A Shares       | QAMNX           |

## Nport-Ex

Federated Hermes MDT Market Neutral Fund

Portfolio of Investments

September 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—88.1% |  |
|  | **Communication Services—5.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176576<br><sup>1,2</sup> <br>| CarGurus, Inc. | &nbsp;&nbsp; $6573924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251922<br><sup>1</sup> <br>| Fox Corp. | &nbsp;&nbsp; 15886201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21422<br><sup>1,2</sup> <br>| Live Nation Entertainment, Inc. | &nbsp;&nbsp; 3500355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1256<br><sup>2</sup> <br>| Netflix, Inc. | &nbsp;&nbsp; 1505844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19882<br><sup>1,2</sup> <br>| Pinterest, Inc. | &nbsp;&nbsp; 639604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78304<br><sup>2</sup> <br>| Reddit, Inc. | &nbsp;&nbsp; 18009137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312290<br><sup>1,2</sup> <br>| ROBLOX Corp. | &nbsp;&nbsp; 43258411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52671 | Sirius XM Radio, Inc. | &nbsp;&nbsp; 1225918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6345<br><sup>1,2</sup> <br>| Spotify Technology S.A. | &nbsp;&nbsp; 4428810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109709<br><sup>2</sup> <br>| TripAdvisor, Inc. | &nbsp;&nbsp; 1783868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23080<br><sup>1,2</sup> <br>| Yelp, Inc. | &nbsp;&nbsp; 720096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233307<br><sup>1,2</sup> <br>| ZoomInfo Technologies, Inc. | &nbsp;&nbsp; 2545379 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 100077547 |
|  | **Consumer Discretionary—12.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 666731<br><sup>1</sup> <br>| Advance Auto Parts, Inc. | &nbsp;&nbsp; 40937284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14839<br><sup>2</sup> <br>| Amer Sports, Inc. | &nbsp;&nbsp; 515655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16340<br><sup>2</sup> <br>| Birkenstock Holding PLC | &nbsp;&nbsp; 739385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224962<br><sup>2</sup> <br>| Capri Holdings Ltd. | &nbsp;&nbsp; 4481243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37881<br><sup>1,2</sup> <br>| Deckers Outdoor Corp. | &nbsp;&nbsp; 3839997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103530<br><sup>1,2</sup> <br>| DoorDash, Inc. | &nbsp;&nbsp; 28159125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4170<br><sup>1,2</sup> <br>| Duolingo, Inc. | &nbsp;&nbsp; 1342073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10187<br><sup>1,2</sup> <br>| Expedia Group, Inc. | &nbsp;&nbsp; 2177471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190174<br><sup>1,2</sup> <br>| Five Below, Inc. | &nbsp;&nbsp; 29419918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19056 | Flutter Entertainment PLC | &nbsp;&nbsp; 4840224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175692<br><sup>1</sup> <br>| General Motors Co. | &nbsp;&nbsp; 10711941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121728<br><sup>1,2</sup> <br>| Life Time Group Holdings, Inc. | &nbsp;&nbsp; 3359693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42109<br><sup>2</sup> <br>| Norwegian Cruise Line Holdings Ltd. | &nbsp;&nbsp; 1037145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63783 | Polaris, Inc., Class A | &nbsp;&nbsp; 3707706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41779<br><sup>1</sup> <br>| PVH Corp. | &nbsp;&nbsp; 3499827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69866<br><sup>1,2</sup> <br>| Revolve Group, Inc. | &nbsp;&nbsp; 1488146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3888<br><sup>1</sup> <br>| Royal Caribbean Cruises Ltd. | &nbsp;&nbsp; 1258079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33162<br><sup>1,2</sup> <br>| SharkNinja, Inc. | &nbsp;&nbsp; 3420660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23913 | Steven Madden Ltd. | &nbsp;&nbsp; 800607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13138 | Tapestry, Inc. | &nbsp;&nbsp; 1487484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20332<br><sup>1,2</sup> <br>| Ulta Beauty, Inc. | &nbsp;&nbsp; 11116521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187580<br><sup>1,2</sup> <br>| Under Armour, Inc., Class A | &nbsp;&nbsp; 936024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450947<br><sup>1</sup> <br>| V.F. Corp. | &nbsp;&nbsp; 6507165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 677019<br><sup>2</sup> <br>| Viking Holdings Ltd. | &nbsp;&nbsp; 42083501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23360<br><sup>2</sup> <br>| Wayfair, Inc. | &nbsp;&nbsp; 2086749 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 209953623 |
|  | **Consumer Staples—5.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11378<br><sup>1</sup> <br>| Costco Wholesale Corp. | &nbsp;&nbsp; 10531818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213699<br><sup>1,2</sup> <br>| Dollar Tree, Inc. | &nbsp;&nbsp; 20166775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 264318<br><sup>1</sup> <br>| Estee Lauder Cos., Inc., Class A | &nbsp;&nbsp; 23291702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390738<br><sup>1,2</sup> <br>| Maplebear, Inc. | &nbsp;&nbsp; 14363529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38195<br><sup>1</sup> <br>| Philip Morris International, Inc. | &nbsp;&nbsp; 6195229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8336<br><sup>2</sup> <br>| Post Holdings, Inc. | &nbsp;&nbsp; 895953 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Consumer Staples—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11873<br><sup>1</sup> <br>| Spectrum Brands Holdings, Inc. | &nbsp;&nbsp; $623689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105588<br><sup>1,2</sup> <br>| Sprouts Farmers Market, Inc. | &nbsp;&nbsp; 11487974 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87556669 |
|  | **Energy—2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26734<br><sup>2</sup> <br>| Antero Resources Corp. | &nbsp;&nbsp; 897193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46250<br><sup>1</sup> <br>| Cheniere Energy, Inc. | &nbsp;&nbsp; 10867825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72459<br><sup>1</sup> <br>| EOG Resources, Inc. | &nbsp;&nbsp; 8124103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91313 | Halliburton Co. | &nbsp;&nbsp; 2246300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74661 | Murphy Oil Corp. | &nbsp;&nbsp; 2121119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20867 | Occidental Petroleum Corp. | &nbsp;&nbsp; 985966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32759<br><sup>1,2</sup> <br>| Oceaneering International, Inc. | &nbsp;&nbsp; 811768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203279<br><sup>1</sup> <br>| PBF Energy, Inc. | &nbsp;&nbsp; 6132927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50828<br><sup>2</sup> <br>| Seadrill Ltd. | &nbsp;&nbsp; 1535514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13785 | Targa Resources, Inc. | &nbsp;&nbsp; 2309539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105798<br><sup>1,2</sup> <br>| Tidewater, Inc. | &nbsp;&nbsp; 5642207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24604<br><sup>1</sup> <br>| Weatherford International PLC | &nbsp;&nbsp; 1683652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78652 | Williams Cos., Inc. | &nbsp;&nbsp; 4982604 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48340717 |
|  | **Financials—11.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25884<br><sup>1</sup> <br>| Ameriprise Financial, Inc. | &nbsp;&nbsp; 12715515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21366<br><sup>2</sup> <br>| Arch Capital Group Ltd. | &nbsp;&nbsp; 1938537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3543 | Assurant, Inc. | &nbsp;&nbsp; 767414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167560<br><sup>1</sup> <br>| Bank of New York Mellon Corp. | &nbsp;&nbsp; 18257338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6865<br><sup>2</sup> <br>| Coinbase Global, Inc. | &nbsp;&nbsp; 2316869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23248<br><sup>1</sup> <br>| Corebridge Financial, Inc. | &nbsp;&nbsp; 745098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5191 | Globe Life, Inc. | &nbsp;&nbsp; 742157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4810 | Goldman Sachs Group, Inc. | &nbsp;&nbsp; 3830444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72056<br><sup>1,2</sup> <br>| Green Dot Corp. | &nbsp;&nbsp; 967712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102477<br><sup>1</sup> <br>| Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp; 7051442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9574<br><sup>1</sup> <br>| Intercontinental Exchange, Inc. | &nbsp;&nbsp; 1613028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169344<br><sup>1</sup> <br>| Jackson Financial, Inc. | &nbsp;&nbsp; 17142693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64532 | Janus Henderson Group PLC | &nbsp;&nbsp; 2872319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139023<br><sup>1,2</sup> <br>| LendingClub Corp. | &nbsp;&nbsp; 2111759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20841<br><sup>1,2</sup> <br>| LendingTree.com, Inc. | &nbsp;&nbsp; 1349038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37314<br><sup>1</sup> <br>| Live Oak Bancshares, Inc. | &nbsp;&nbsp; 1314199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1521 | Mastercard, Inc. | &nbsp;&nbsp; 865160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35117<br><sup>1</sup> <br>| Morgan Stanley | &nbsp;&nbsp; 5582198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61440<br><sup>1</sup> <br>| Northern Trust Corp. | &nbsp;&nbsp; 8269824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199306<br><sup>2</sup> <br>| PayPal Holdings, Inc. | &nbsp;&nbsp; 13365460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21138<br><sup>1</sup> <br>| Principal Financial Group, Inc. | &nbsp;&nbsp; 1752552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27681<br><sup>1</sup> <br>| PROG Holdings, Inc. | &nbsp;&nbsp; 895757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48721<br><sup>1</sup> <br>| Progressive Corp., OH | &nbsp;&nbsp; 12031651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103352<br><sup>1</sup> <br>| Prudential Financial, Inc. | &nbsp;&nbsp; 10721736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129815<br><sup>2</sup> <br>| Robinhood Markets, Inc. | &nbsp;&nbsp; 18586912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25449<br><sup>2</sup> <br>| SoFi Technologies, Inc. | &nbsp;&nbsp; 672363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167080<br><sup>1</sup> <br>| State Street Corp. | &nbsp;&nbsp; 19382951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251855<br><sup>1,2</sup> <br>| StoneCo Ltd. | &nbsp;&nbsp; 4762578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95420<br><sup>1</sup> <br>| Synchrony Financial | &nbsp;&nbsp; 6779591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52383<br><sup>1</sup> <br>| The Travelers Cos., Inc. | &nbsp;&nbsp; 14626381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40311<br><sup>2</sup> <br>| Toast, Inc. | &nbsp;&nbsp; 1471755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5312 | Visa, Inc., Class A | &nbsp;&nbsp; 1813411 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Financials—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6521<br><sup>2</sup> <br>| WEX, Inc. | &nbsp;&nbsp; $1027253 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 198343095 |
|  | **Health Care—15.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165368<br><sup>1</sup> <br>| AbbVie, Inc. | &nbsp;&nbsp; 38289307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42778<br><sup>2</sup> <br>| Acadia Healthcare Co., Inc. | &nbsp;&nbsp; 1059183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120927<br><sup>1,2</sup> <br>| Align Technology, Inc. | &nbsp;&nbsp; 15142479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25426<br><sup>1,2</sup> <br>| Alnylam Pharmaceuticals, Inc. | &nbsp;&nbsp; 11594256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43833<br><sup>1</sup> <br>| Amgen, Inc. | &nbsp;&nbsp; 12369673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65209 | Baxter International, Inc. | &nbsp;&nbsp; 1484809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21623<br><sup>1,2</sup> <br>| Biogen, Inc. | &nbsp;&nbsp; 3028950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167032<br><sup>2</sup> <br>| BioMarin Pharmaceutical, Inc. | &nbsp;&nbsp; 9046453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64023<br><sup>2</sup> <br>| Bridgebio Pharma, Inc. | &nbsp;&nbsp; 3325355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52917<br><sup>1</sup> <br>| Cardinal Health, Inc. | &nbsp;&nbsp; 8305852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23026<br><sup>1</sup> <br>| Cencora, Inc. | &nbsp;&nbsp; 7196316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38637<br><sup>1,2</sup> <br>| Charles River Laboratories International, Inc. | &nbsp;&nbsp; 6045145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195181<br><sup>1,2</sup> <br>| Community Health Systems, Inc. | &nbsp;&nbsp; 626531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54756 | Dentsply Sirona, Inc. | &nbsp;&nbsp; 694854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 436319<br><sup>1,2</sup> <br>| Dexcom, Inc. | &nbsp;&nbsp; 29359906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149231<br><sup>1,2</sup> <br>| Elanco Animal Health, Inc. | &nbsp;&nbsp; 3005512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46479<br><sup>1,2</sup> <br>| Fulgent Genetics, Inc. | &nbsp;&nbsp; 1050425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4598<br><sup>1</sup> <br>| Gilead Sciences, Inc. | &nbsp;&nbsp; 510378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50623<br><sup>2</sup> <br>| Guardant Health, Inc. | &nbsp;&nbsp; 3162925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56624<br><sup>2</sup> <br>| Halozyme Therapeutics, Inc. | &nbsp;&nbsp; 4152804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65779<br><sup>1</sup> <br>| Humana, Inc. | &nbsp;&nbsp; 17113722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43219<br><sup>1,2</sup> <br>| Illumina, Inc. | &nbsp;&nbsp; 4104508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82961<br><sup>1,2</sup> <br>| Incyte Genomics, Inc. | &nbsp;&nbsp; 7035922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23077<br><sup>1,2</sup> <br>| Insulet Corp. | &nbsp;&nbsp; 7124562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4053 | Johnson & Johnson | &nbsp;&nbsp; 751507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14130 | Merck & Co., Inc. | &nbsp;&nbsp; 1185931 |
| &nbsp;&nbsp;&nbsp; 1051509<br><sup>1,2</sup> <br>| Moderna, Inc. | &nbsp;&nbsp; 27160477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161250<br><sup>1,2</sup> <br>| NeoGenomics, Inc. | &nbsp;&nbsp; 1244850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52286<br><sup>1,2</sup> <br>| Omnicell, Inc. | &nbsp;&nbsp; 1592109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27647<br><sup>1,2</sup> <br>| Privia Health Group, Inc. | &nbsp;&nbsp; 688410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42101<br><sup>1,2</sup> <br>| Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp; 23672129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114447<br><sup>2</sup> <br>| Sarepta Therapeutics, Inc. | &nbsp;&nbsp; 2205394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117694<br><sup>1,2</sup> <br>| Teladoc Health, Inc. | &nbsp;&nbsp; 909775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7794<br><sup>2</sup> <br>| Tempus AI, Inc. | &nbsp;&nbsp; 629054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25461<br><sup>2</sup> <br>| Veeva Systems, Inc. | &nbsp;&nbsp; 7585087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62664<br><sup>2</sup> <br>| Waystar Holding Corp. | &nbsp;&nbsp; 2376219 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 264830769 |
|  | **Industrials—9.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39991<br><sup>1</sup> <br>| Allison Transmission Holdings, Inc. | &nbsp;&nbsp; 3394436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61941<br><sup>2</sup> <br>| APi Group Corp. | &nbsp;&nbsp; 2128912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17485<br><sup>1</sup> <br>| Apogee Enterprises, Inc. | &nbsp;&nbsp; 761821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39645<br><sup>1,2</sup> <br>| Astronics Corp. | &nbsp;&nbsp; 1808208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33483 | Atmus Filtration Technologies, Inc. | &nbsp;&nbsp; 1509749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22514<br><sup>1,2</sup> <br>| BlueLinx Holdings, Inc. | &nbsp;&nbsp; 1645323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86287 | Delta Air Lines, Inc. | &nbsp;&nbsp; 4896787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12397<br><sup>1,2</sup> <br>| DXP Enterprises, Inc. | &nbsp;&nbsp; 1476111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9158<br><sup>1</sup> <br>| Emerson Electric Co. | &nbsp;&nbsp; 1201346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19733<br><sup>1</sup> <br>| GE Aerospace | &nbsp;&nbsp; 5936081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69074<br><sup>1,2</sup> <br>| GE Vernova, Inc. | &nbsp;&nbsp; 42473603 |

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**3**

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| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Industrials—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13590<br><sup>1,2</sup> <br>| Generac Holdings, Inc. | &nbsp;&nbsp; $2274966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2166 | General Dynamics Corp. | &nbsp;&nbsp; 738606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16445 | Leidos Holdings, Inc. | &nbsp;&nbsp; 3107447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28293<br><sup>1</sup> <br>| Masco Corp. | &nbsp;&nbsp; 1991544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55589<br><sup>1</sup> <br>| Paycom Software, Inc. | &nbsp;&nbsp; 11570295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69946<br><sup>1</sup> <br>| Pitney Bowes, Inc. | &nbsp;&nbsp; 798084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30228<br><sup>1,2</sup> <br>| Proto Labs, Inc. | &nbsp;&nbsp; 1512307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41991<br><sup>1,2</sup> <br>| SkyWest, Inc. | &nbsp;&nbsp; 4225134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40404 | Stanley Black & Decker, Inc. | &nbsp;&nbsp; 3003229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21922<br><sup>1</sup> <br>| Trane Technologies PLC | &nbsp;&nbsp; 9250207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2392<br><sup>1,2</sup> <br>| TransDigm, Inc. | &nbsp;&nbsp; 3152704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135229<br><sup>1,2</sup> <br>| Uber Technologies, Inc. | &nbsp;&nbsp; 13248385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201725<br><sup>1,2</sup> <br>| United Airlines Holdings, Inc. | &nbsp;&nbsp; 19466463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222088<br><sup>1</sup> <br>| Veralto Corp. | &nbsp;&nbsp; 23676802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4856 | Xylem, Inc. | &nbsp;&nbsp; 716260 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 165964810 |
|  | **Information Technology—19.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12242 | Accenture PLC | &nbsp;&nbsp; 3018877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122721<br><sup>1,2</sup> <br>| Adobe, Inc. | &nbsp;&nbsp; 43289833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141497 | Amkor Technology, Inc. | &nbsp;&nbsp; 4018515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5275<br><sup>1,2</sup> <br>| AppLovin Corp. | &nbsp;&nbsp; 3790298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4206<br><sup>2</sup> <br>| Arista Networks, Inc. | &nbsp;&nbsp; 612856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39828<br><sup>2</sup> <br>| Axcelis Technologies, Inc. | &nbsp;&nbsp; 3888806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18644<br><sup>2</sup> <br>| Bill.Com Holdings, Inc. | &nbsp;&nbsp; 987573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23307<br><sup>1,2</sup> <br>| Braze, Inc. | &nbsp;&nbsp; 662851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23918<br><sup>1</sup> <br>| Clear Secure, Inc. | &nbsp;&nbsp; 798383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61688<br><sup>2</sup> <br>| Credo Technology Group Holding Ltd. | &nbsp;&nbsp; 8982390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2351<br><sup>2</sup> <br>| Crowdstrike Holdings, Inc. | &nbsp;&nbsp; 1152883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97170<br><sup>1</sup> <br>| Dell Technologies, Inc. | &nbsp;&nbsp; 13775791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455791<br><sup>1,2</sup> <br>| Enphase Energy, Inc. | &nbsp;&nbsp; 16130443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23587<br><sup>1,2</sup> <br>| EPAM Systems, Inc. | &nbsp;&nbsp; 3556684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33699<br><sup>1,2</sup> <br>| Fortinet, Inc. | &nbsp;&nbsp; 2833412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15356<br><sup>2</sup> <br>| Gitlab, Inc. | &nbsp;&nbsp; 692248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69225<br><sup>1,2</sup> <br>| GoDaddy, Inc. | &nbsp;&nbsp; 9472057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6265<br><sup>1,2</sup> <br>| HubSpot, Inc. | &nbsp;&nbsp; 2930767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28475<br><sup>2</sup> <br>| Kyndryl Holdings, Inc. | &nbsp;&nbsp; 855104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42617<br><sup>2</sup> <br>| Life360, Inc. | &nbsp;&nbsp; 4530187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53456<br><sup>1,2</sup> <br>| LiveRamp Holdings, Inc. | &nbsp;&nbsp; 1450796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149034<br><sup>1</sup> <br>| Microchip Technology, Inc. | &nbsp;&nbsp; 9570963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1464 | Motorola Solutions, Inc. | &nbsp;&nbsp; 669473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96901<br><sup>1</sup> <br>| NetApp, Inc. | &nbsp;&nbsp; 11478892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167526<br><sup>1,2</sup> <br>| Nutanix, Inc. | &nbsp;&nbsp; 12462259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14318<br><sup>2</sup> <br>| Okta, Inc. | &nbsp;&nbsp; 1312961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85043<br><sup>1,2</sup> <br>| ON Semiconductor Corp. | &nbsp;&nbsp; 4193470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6444<br><sup>2</sup> <br>| Onto Innovation, Inc. | &nbsp;&nbsp; 832694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161742<br><sup>1,2</sup> <br>| Palantir Technologies, Inc. | &nbsp;&nbsp; 29504976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31365<br><sup>1,2</sup> <br>| Palo Alto Networks, Inc. | &nbsp;&nbsp; 6386541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137964<br><sup>1</sup> <br>| Pegasystems, Inc. | &nbsp;&nbsp; 7932930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16392<br><sup>1,2</sup> <br>| Procore Technologies, Inc. | &nbsp;&nbsp; 1195305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54743<br><sup>2</sup> <br>| Pure Storage, Inc. | &nbsp;&nbsp; 4588011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60815<br><sup>1,2</sup> <br>| Q2 Holdings, Inc. | &nbsp;&nbsp; 4402398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49170<br><sup>2</sup> <br>| Qorvo, Inc. | &nbsp;&nbsp; 4478404 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Information Technology—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8299<br><sup>1</sup> <br>| Qualcomm, Inc. | &nbsp;&nbsp; $1380622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8306<br><sup>1,2</sup> <br>| Qualys, Inc. | &nbsp;&nbsp; 1099133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26054<br><sup>1,2</sup> <br>| RingCentral, Inc. | &nbsp;&nbsp; 738370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16993<br><sup>2</sup> <br>| Rubrik, Inc. | &nbsp;&nbsp; 1397674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113809 | Salesforce, Inc. | &nbsp;&nbsp; 26972733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88870<br><sup>1</sup> <br>| Skyworks Solutions, Inc. | &nbsp;&nbsp; 6841213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19675<br><sup>1,2</sup> <br>| Synaptics, Inc. | &nbsp;&nbsp; 1344589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19659 | TD SYNNEX Corp. | &nbsp;&nbsp; 3219161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186900<br><sup>1</sup> <br>| Teradyne, Inc. | &nbsp;&nbsp; 25724916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98260<br><sup>2</sup> <br>| UiPath, Inc. | &nbsp;&nbsp; 1314719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81223<br><sup>1,2</sup> <br>| Varonis Systems, Inc. | &nbsp;&nbsp; 4667886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47882<br><sup>1,2</sup> <br>| Zoom Communications, Inc. | &nbsp;&nbsp; 3950265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84897<br><sup>1,2</sup> <br>| Zscaler, Inc. | &nbsp;&nbsp; 25440235 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 330531547 |
|  | **Materials—3.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32097 | Albemarle Corp. | &nbsp;&nbsp; 2602425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81226 | Alcoa Corp. | &nbsp;&nbsp; 2671523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113740<br><sup>1,2</sup> <br>| Axalta Coating Systems Ltd. | &nbsp;&nbsp; 3255239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 551845<br><sup>1</sup> <br>| Celanese Corp. | &nbsp;&nbsp; 23221638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84170<br><sup>1</sup> <br>| FMC Corp. | &nbsp;&nbsp; 2830637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164810<br><sup>1</sup> <br>| Mosaic Co./The | &nbsp;&nbsp; 5715611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131292<br><sup>1</sup> <br>| Newmont Corp. | &nbsp;&nbsp; 11069228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14685 | Nucor Corp. | &nbsp;&nbsp; 1988789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14011<br><sup>1</sup> <br>| Steel Dynamics, Inc. | &nbsp;&nbsp; 1953554 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55308644 |
|  | **Real Estate—1.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12247 | American Healthcare REIT, Inc. | &nbsp;&nbsp; 514497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15495<br><sup>2</sup> <br>| CBRE Group, Inc. | &nbsp;&nbsp; 2441392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185987<br><sup>1</sup> <br>| Kilroy Realty Corp. | &nbsp;&nbsp; 7857951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103053<br><sup>1</sup> <br>| SL Green Realty Corp. | &nbsp;&nbsp; 6163600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72073<br><sup>1</sup> <br>| Vornado Realty Trust, LP | &nbsp;&nbsp; 2921119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38202<br><sup>1</sup> <br>| Welltower, Inc. | &nbsp;&nbsp; 6805304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44244<br><sup>1,2</sup> <br>| Zillow Group, Inc. | &nbsp;&nbsp; 3293523 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29997386 |
|  | **Utilities—0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23403 | Vistra Corp. | &nbsp;&nbsp; 4585116 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCKS <br>(IDENTIFIED COST $1,198,459,485)<br>| &nbsp;&nbsp; 1495489923 |
|  | INVESTMENT COMPANY—8.6% |  |
| 145740438 | Federated Hermes Government Obligations Fund, Premier Shares, 4.06%<sup>3</sup> <br>(IDENTIFIED COST $145,740,438)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 145740438 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—96.7% <br>(IDENTIFIED COST $1,344,199,923)<sup>4</sup> <br>| &nbsp;&nbsp; 1641230361 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—3.3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56751872 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $1697982233 |

---

**SECURITIES SOLD SHORT—(81.2)%** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | **Communication Services—(5.8)%** |  |
| 10402<br><sup>2</sup> <br>| AST SpaceMobile, Inc. | &nbsp;&nbsp; $510530 |
| &nbsp;&nbsp; 9316 | ATN International, Inc. | &nbsp;&nbsp; 139461 |
| 92810<br><sup>2</sup> <br>| Charter Communications, Inc. | &nbsp;&nbsp; 25532495 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | **Communication Services—continued** |  |
| &nbsp;&nbsp; 36194<br><sup>2</sup> <br>| E.W. Scripps Co. | &nbsp;&nbsp; $89037 |
| 192063<br><sup>2</sup> <br>| Magnite, Inc. | &nbsp;&nbsp; 4183132 |
| &nbsp;&nbsp; 31745 | Sinclair, Inc. | &nbsp;&nbsp; 479350 |
| &nbsp;&nbsp; 13510<br><sup>2</sup> <br>| Take-Two Interactive Software, Inc. | &nbsp;&nbsp; 3490444 |
| 110672 | TKO Group Holdings, Inc. | &nbsp;&nbsp; 22351317 |
| 843532<br><sup>2</sup> <br>| Trade Desk, Inc./The | &nbsp;&nbsp; 41341503 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98117269 |
|  | **Consumer Discretionary—(11.2)%** |  |
| 537480<br><sup>2</sup> <br>| Caesars Entertainment, Inc. | &nbsp;&nbsp; 14525397 |
| &nbsp;&nbsp; 51000<br><sup>2</sup> <br>| CarMax, Inc. | &nbsp;&nbsp; 2288370 |
| 288681<br><sup>2</sup> <br>| Cava Group, Inc. | &nbsp;&nbsp; 17439219 |
| &nbsp;&nbsp; 44554 | Churchill Downs, Inc. | &nbsp;&nbsp; 4322184 |
| 138404 | D. R. Horton, Inc. | &nbsp;&nbsp; 23455326 |
| &nbsp;&nbsp; 63339<br><sup>2</sup> <br>| Dave & Buster's Entertainment, Inc. | &nbsp;&nbsp; 1150236 |
| 234298<br><sup>2</sup> <br>| DraftKings, Inc. | &nbsp;&nbsp; 8762745 |
| &nbsp;&nbsp; 58744<br><sup>2</sup> <br>| Floor & Decor Holdings, Inc. | &nbsp;&nbsp; 4329433 |
| &nbsp;&nbsp; 25044<br><sup>2</sup> <br>| Fox Factory Holding Corp. | &nbsp;&nbsp; 608319 |
| 191840<br><sup>2</sup> <br>| GameStop Corp. | &nbsp;&nbsp; 5233395 |
| &nbsp;&nbsp; 60320 | Garmin Ltd. | &nbsp;&nbsp; 14851990 |
| &nbsp;&nbsp; 49026 | Genuine Parts Co. | &nbsp;&nbsp; 6795004 |
| &nbsp;&nbsp; 21908<br><sup>2</sup> <br>| G-III Apparel Group Ltd. | &nbsp;&nbsp; 582972 |
| &nbsp;&nbsp;&nbsp; 3771<br><sup>2</sup> <br>| Grand Canyon Education, Inc. | &nbsp;&nbsp; 827810 |
| &nbsp;&nbsp; 16252 | Lennar Corp., Class A | &nbsp;&nbsp; 2048402 |
| &nbsp;&nbsp;&nbsp; 8354 | Lithia Motors, Inc. | &nbsp;&nbsp; 2639864 |
| &nbsp;&nbsp; 43120 | LKQ Corp. | &nbsp;&nbsp; 1316885 |
| &nbsp;&nbsp; 61803 | Nike, Inc., Class B | &nbsp;&nbsp; 4309523 |
| &nbsp;&nbsp;&nbsp; 4640<br><sup>2</sup> <br>| RH | &nbsp;&nbsp; 942662 |
| &nbsp;&nbsp; 83877 | Six Flags Entertainment Corp. | &nbsp;&nbsp; 1905686 |
| 360969 | Starbucks Corp. | &nbsp;&nbsp; 30537977 |
| &nbsp;&nbsp; 65907<br><sup>2</sup> <br>| Tesla, Inc. | &nbsp;&nbsp; 29310161 |
| &nbsp;&nbsp; 82537<br><sup>2</sup> <br>| The RealReal, Inc. | &nbsp;&nbsp; 877368 |
| &nbsp;&nbsp; 45107 | Wingstop, Inc. | &nbsp;&nbsp; 11352530 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 190413458 |
|  | **Consumer Staples—(4.1)%** |  |
| 181392<br><sup>2</sup> <br>| Bellring Brands, Inc. | &nbsp;&nbsp; 6593599 |
| &nbsp;&nbsp; 55034 | Dollar General Corp. | &nbsp;&nbsp; 5687764 |
| &nbsp;&nbsp; 30049<br><sup>2</sup> <br>| elf Beauty, Inc. | &nbsp;&nbsp; 3980891 |
| &nbsp;&nbsp; 14690 | Fresh Del Monte Produce, Inc. | &nbsp;&nbsp; 510037 |
| &nbsp;&nbsp; 35190 | Hershey Foods Corp. | &nbsp;&nbsp; 6582289 |
| 532823 | Lamb Weston Holdings, Inc. | &nbsp;&nbsp; 30946360 |
| &nbsp;&nbsp; 30247<br><sup>2</sup> <br>| Monster Beverage Corp. | &nbsp;&nbsp; 2035926 |
| &nbsp;&nbsp; 49773<br><sup>2</sup> <br>| Performance Food Group Co. | &nbsp;&nbsp; 5178383 |
| &nbsp;&nbsp; 27998 | Procter & Gamble Co. | &nbsp;&nbsp; 4301893 |
| &nbsp;&nbsp; 41255 | Sysco Corp. | &nbsp;&nbsp; 3396937 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69214079 |
|  | **Energy—(3.5)%** |  |
| 191599 | ConocoPhillips | &nbsp;&nbsp; 18123350 |
| 286384 | Diamondback Energy, Inc. | &nbsp;&nbsp; 40981550 |
| &nbsp;&nbsp;&nbsp; 7226<br><sup>2</sup> <br>| DMC Global, Inc. | &nbsp;&nbsp; 61060 |
| &nbsp;&nbsp; 43623<br><sup>2</sup> <br>| Green Plains, Inc. | &nbsp;&nbsp; 383446 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59549406 |
|  | **Financials—(9.5)%** |  |
| &nbsp;&nbsp; 33485 | Aon PLC | &nbsp;&nbsp; 11940081 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | **Financials—continued** |  |
| &nbsp;&nbsp; 46613 | Ares Management Corp. | &nbsp;&nbsp; $7452953 |
| &nbsp;&nbsp; 14654<br><sup>2</sup> <br>| Berkshire Hathaway, Inc., Class B | &nbsp;&nbsp; 7367152 |
| &nbsp;&nbsp;&nbsp; 1055 | BlackRock, Inc. | &nbsp;&nbsp; 1229993 |
| &nbsp;&nbsp; 79684 | Blackstone, Inc. | &nbsp;&nbsp; 13614011 |
| 313224<br><sup>2</sup> <br>| Block, Inc. | &nbsp;&nbsp; 22636699 |
| &nbsp;&nbsp; 56674 | Capital One Financial Co. | &nbsp;&nbsp; 12047759 |
| 101206 | Citigroup, Inc. | &nbsp;&nbsp; 10272409 |
| &nbsp;&nbsp; 14170 | Comerica, Inc. | &nbsp;&nbsp; 970928 |
| &nbsp;&nbsp;&nbsp; 3290 | Erie Indemnity Co. | &nbsp;&nbsp; 1046746 |
| &nbsp;&nbsp; 83356<br><sup>2</sup> <br>| Fiserv, Inc. | &nbsp;&nbsp; 10747089 |
| &nbsp;&nbsp; 28321 | Glacier Bancorp, Inc. | &nbsp;&nbsp; 1378383 |
| &nbsp;&nbsp;&nbsp; 3356 | JPMorgan Chase & Co. | &nbsp;&nbsp; 1058583 |
| 274349 | KKR & Co., Inc. | &nbsp;&nbsp; 35651653 |
| &nbsp;&nbsp; 18624<br><sup>2</sup> <br>| PRA Group, Inc. | &nbsp;&nbsp; 287555 |
| 152851<br><sup>2</sup> <br>| Remitly Global, Inc. | &nbsp;&nbsp; 2491471 |
| &nbsp;&nbsp; 17889 | SEI Investments Co. | &nbsp;&nbsp; 1517882 |
| 103611<br><sup>2</sup> <br>| Shift4 Payments, Inc. | &nbsp;&nbsp; 8019491 |
| &nbsp;&nbsp; 17101<br><sup>2</sup> <br>| StoneX Group, Inc. | &nbsp;&nbsp; 1725883 |
| &nbsp;&nbsp; 43381 | Truist Financial Corp. | &nbsp;&nbsp; 1983379 |
| &nbsp;&nbsp; 55849<br><sup>2</sup> <br>| Upstart Holdings, Inc. | &nbsp;&nbsp; 2837129 |
| &nbsp;&nbsp; 30282 | Webster Financial Corp. Waterbury | &nbsp;&nbsp; 1799940 |
| &nbsp;&nbsp; 30874 | Wells Fargo & Co. | &nbsp;&nbsp; 2587859 |
| &nbsp;&nbsp; 12607 | Western Alliance Bancorp | &nbsp;&nbsp; 1093279 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 161758307 |
|  | **Health Care—(14.6)%** |  |
| &nbsp;&nbsp; 88699<br><sup>2</sup> <br>| 10X Genomics, Inc. | &nbsp;&nbsp; 1036891 |
| 324000<br><sup>2</sup> <br>| agilon health, Inc. | &nbsp;&nbsp; 333720 |
| &nbsp;&nbsp; 20734<br><sup>2</sup> <br>| Akero Therapeutics, Inc. | &nbsp;&nbsp; 984450 |
| 230231<br><sup>2</sup> <br>| Apellis Pharmaceuticals, Inc. | &nbsp;&nbsp; 5210128 |
| &nbsp;&nbsp; 60422<br><sup>2</sup> <br>| Arrowhead Pharmaceuticals, Inc. | &nbsp;&nbsp; 2083955 |
| &nbsp;&nbsp; 28594<br><sup>2</sup> <br>| Axsome Therapeutics, Inc. | &nbsp;&nbsp; 3472741 |
| 159326 | Becton Dickinson & Co. | &nbsp;&nbsp; 29821048 |
| &nbsp;&nbsp; 48539<br><sup>2</sup> <br>| Biohaven Ltd. | &nbsp;&nbsp; 728570 |
| 600828<br><sup>2</sup> <br>| Centene Corp. | &nbsp;&nbsp; 21437543 |
| &nbsp;&nbsp; 44015<br><sup>2</sup> <br>| Cryoport, Inc. | &nbsp;&nbsp; 417262 |
| 102374<br><sup>2</sup> <br>| Cytokinetics, Inc. | &nbsp;&nbsp; 5626475 |
| &nbsp;&nbsp; 22025 | Eli Lilly & Co. | &nbsp;&nbsp; 16805075 |
| &nbsp;&nbsp; 53368<br><sup>2</sup> <br>| Exact Sciences Corp. | &nbsp;&nbsp; 2919763 |
| &nbsp;&nbsp; 68190<br><sup>2</sup> <br>| HealthEquity, Inc. | &nbsp;&nbsp; 6462366 |
| 198316<br><sup>2</sup> <br>| Heron Therapeutics, Inc. | &nbsp;&nbsp; 249878 |
| 165638<br><sup>2</sup> <br>| Hims & Hers Health, Inc. | &nbsp;&nbsp; 9394987 |
| &nbsp;&nbsp; 79621<br><sup>2</sup> <br>| Immunovant, Inc. | &nbsp;&nbsp; 1283491 |
| &nbsp;&nbsp; 13327<br><sup>2</sup> <br>| Inspire Medical Systems, Inc. | &nbsp;&nbsp; 988863 |
| &nbsp;&nbsp;&nbsp; 5074<br><sup>2</sup> <br>| iRhythm Technologies, Inc. | &nbsp;&nbsp; 872677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | Karyopharm Therapeutics, Inc. | &nbsp;&nbsp; 11 |
| &nbsp;&nbsp; 52571<br><sup>2</sup> <br>| Kodiak Sciences, Inc. | &nbsp;&nbsp; 860587 |
| &nbsp;&nbsp; 11333<br><sup>2</sup> <br>| Madrigal Pharmaceuticals, Inc. | &nbsp;&nbsp; 5197994 |
| &nbsp;&nbsp; 44859<br><sup>2</sup> <br>| Masimo Corp. | &nbsp;&nbsp; 6618946 |
| &nbsp;&nbsp; 17845 | Medtronic PLC | &nbsp;&nbsp; 1699558 |
| &nbsp;&nbsp;&nbsp; 5276<br><sup>2</sup> <br>| Molina Healthcare, Inc. | &nbsp;&nbsp; 1009615 |
| &nbsp;&nbsp;&nbsp; 1898<br><sup>2</sup> <br>| Outset Medical, Inc. | &nbsp;&nbsp; 26804 |
| &nbsp;&nbsp; 50357<br><sup>2</sup> <br>| PTC Therapeutics, Inc. | &nbsp;&nbsp; 3090409 |
| &nbsp;&nbsp; 25625<br><sup>2</sup> <br>| Repligen Corp. | &nbsp;&nbsp; 3425294 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | **Health Care—continued** |  |
| 145945<br><sup>2</sup> <br>| Revolution Medicines, Inc. | &nbsp;&nbsp; $6815632 |
| 234173<br><sup>2</sup> <br>| Summit Therapeutics, Inc. | &nbsp;&nbsp; 4838014 |
| &nbsp;&nbsp; 74240 | Thermo Fisher Scientific, Inc. | &nbsp;&nbsp; 36007885 |
| &nbsp;&nbsp; 52165<br><sup>2</sup> <br>| TransMedics Group, Inc. | &nbsp;&nbsp; 5852913 |
| &nbsp;&nbsp; 74536<br><sup>2</sup> <br>| Ultragenyx Pharmaceutical, Inc. | &nbsp;&nbsp; 2242043 |
| 124771 | UnitedHealth Group, Inc. | &nbsp;&nbsp; 43083426 |
| 388412<br><sup>2</sup> <br>| Vaxcyte, Inc. | &nbsp;&nbsp; 13990600 |
| &nbsp;&nbsp; 12707 | West Pharmaceutical Services, Inc. | &nbsp;&nbsp; 3333427 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 248223041 |
|  | **Industrials—(8.1)%** |  |
| &nbsp;&nbsp; 62067 | Aaon, Inc. | &nbsp;&nbsp; 5799540 |
| &nbsp;&nbsp; 14088<br><sup>2</sup> <br>| Aerovironment, Inc. | &nbsp;&nbsp; 4436170 |
| &nbsp;&nbsp; 34299<br><sup>2</sup> <br>| Ameresco, Inc. | &nbsp;&nbsp; 1151760 |
| &nbsp;&nbsp; 60316<br><sup>2</sup> <br>| Avis Budget Group, Inc. | &nbsp;&nbsp; 9685242 |
| &nbsp;&nbsp;&nbsp; 5352<br><sup>2</sup> <br>| Axon Enterprise, Inc. | &nbsp;&nbsp; 3840809 |
| &nbsp;&nbsp; 11912<br><sup>2</sup> <br>| Builders Firstsource, Inc. | &nbsp;&nbsp; 1444330 |
| &nbsp;&nbsp;&nbsp; 3793 | Caterpillar, Inc. | &nbsp;&nbsp; 1809830 |
| 203225 | Concentrix Corp. | &nbsp;&nbsp; 9378834 |
| 163140<br><sup>2</sup> <br>| Copart, Inc. | &nbsp;&nbsp; 7336406 |
| &nbsp;&nbsp; 22192<br><sup>2</sup> <br>| Core & Main, Inc. | &nbsp;&nbsp; 1194595 |
| 182412<br><sup>2</sup> <br>| Driven Brands Holdings, Inc. | &nbsp;&nbsp; 2938657 |
| &nbsp;&nbsp; 61892 | Fastenal Co. | &nbsp;&nbsp; 3035184 |
| &nbsp;&nbsp;&nbsp; 3658<br><sup>2</sup> <br>| FTI Consulting, Inc. | &nbsp;&nbsp; 591316 |
| 111061<br><sup>2</sup> <br>| GXO Logistics, Inc. | &nbsp;&nbsp; 5874016 |
| &nbsp;&nbsp; 44719 | Honeywell International, Inc. | &nbsp;&nbsp; 9413349 |
| &nbsp;&nbsp; 15024 | Huntington Ingalls Industries, Inc. | &nbsp;&nbsp; 4325560 |
| 115690 | Ingersoll-Rand, Inc. | &nbsp;&nbsp; 9558308 |
| &nbsp;&nbsp;&nbsp; 5959<br><sup>2</sup> <br>| Kirby Corp. | &nbsp;&nbsp; 497279 |
| 140311 | Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp; 5543688 |
| &nbsp;&nbsp; 21288<br><sup>2</sup> <br>| Mercury Systems, Inc. | &nbsp;&nbsp; 1647691 |
| 139341<br><sup>2</sup> <br>| NEXTracker, Inc. | &nbsp;&nbsp; 10309841 |
| &nbsp;&nbsp; 19418 | Old Dominion Freight Lines, Inc. | &nbsp;&nbsp; 2733666 |
| &nbsp;&nbsp; 34417 | PACCAR, Inc. | &nbsp;&nbsp; 3383879 |
| 333047<br><sup>2</sup> <br>| QXO, Inc. | &nbsp;&nbsp; 6347876 |
| &nbsp;&nbsp; 38278 | RTX Corp. | &nbsp;&nbsp; 6405058 |
| &nbsp;&nbsp; 57407<br><sup>2</sup> <br>| Saia, Inc. | &nbsp;&nbsp; 17185360 |
| &nbsp;&nbsp; 19767 | United Parcel Service, Inc. | &nbsp;&nbsp; 1651137 |
| &nbsp;&nbsp; 13288<br><sup>2</sup> <br>| Vicor Corp. | &nbsp;&nbsp; 660679 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 138180060 |
|  | **Information Technology—(16.3)%** |  |
| 122097<br><sup>2</sup> <br>| Advanced Micro Devices, Inc. | &nbsp;&nbsp; 19754074 |
| 152174<br><sup>2</sup> <br>| Allegro MicroSystems, Inc. | &nbsp;&nbsp; 4443481 |
| &nbsp;&nbsp; 21427<br><sup>2</sup> <br>| Appian Corp. | &nbsp;&nbsp; 655023 |
| &nbsp;&nbsp; 36630 | Applied Materials, Inc. | &nbsp;&nbsp; 7499626 |
| &nbsp;&nbsp; 10175<br><sup>2</sup> <br>| Astera Labs, Inc. | &nbsp;&nbsp; 1992265 |
| &nbsp;&nbsp; 16593<br><sup>2</sup> <br>| Cadence Design Systems, Inc. | &nbsp;&nbsp; 5828457 |
| 468855<br><sup>2</sup> <br>| Clearwater Analytics Holdings, Inc. | &nbsp;&nbsp; 8448767 |
| &nbsp;&nbsp; 61496<br><sup>2</sup> <br>| D-Wave Quantum, Inc. | &nbsp;&nbsp; 1519566 |
| &nbsp;&nbsp; 45713 | Entegris, Inc. | &nbsp;&nbsp; 4226624 |
| &nbsp;&nbsp; 50482<br><sup>2</sup> <br>| First Solar, Inc. | &nbsp;&nbsp; 11132796 |
| &nbsp;&nbsp; 20458<br><sup>2</sup> <br>| Globalfoundries, Inc. | &nbsp;&nbsp; 733215 |
| &nbsp;&nbsp; 39156<br><sup>2</sup> <br>| Impinj, Inc. | &nbsp;&nbsp; 7077447 |
| 223045<br><sup>2</sup> <br>| Intel Corp. | &nbsp;&nbsp; 7483160 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | **Information Technology—continued** |  |
| &nbsp;&nbsp; 126695<br><sup>2</sup> <br>| IonQ, Inc. | &nbsp;&nbsp; $7791743 |
| &nbsp;&nbsp; 302292 | Marvell Technology, Inc. | &nbsp;&nbsp; 25413688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 91165<br><sup>2</sup> <br>| MongoDB, Inc. | &nbsp;&nbsp; 28295793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 79596<br><sup>2</sup> <br>| nCino, Inc. | &nbsp;&nbsp; 2157848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20626 | Oracle Corp. | &nbsp;&nbsp; 5800856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25900<br><sup>2</sup> <br>| Par Technology Corp. | &nbsp;&nbsp; 1025122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8468<br><sup>2</sup> <br>| PTC, Inc. | &nbsp;&nbsp; 1719173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5588<br><sup>2</sup> <br>| Sitime Corp. | &nbsp;&nbsp; 1683720 |
| &nbsp;&nbsp; 103062<br><sup>2</sup> <br>| Sprout Social, Inc. | &nbsp;&nbsp; 1331561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 93327<br><sup>2</sup> <br>| Strategy, Inc., Class A | &nbsp;&nbsp; 30070893 |
| &nbsp;&nbsp; 535110<br><sup>2</sup> <br>| Super Micro Computer, Inc. | &nbsp;&nbsp; 25653173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 59231<br><sup>2</sup> <br>| Synopsys, Inc. | &nbsp;&nbsp; 29223983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 21627 | Ubiquiti Networks, Inc. | &nbsp;&nbsp; 14286364 |
| &nbsp;&nbsp; 193028<br><sup>2</sup> <br>| Unity Software, Inc. | &nbsp;&nbsp; 7728841 |
| &nbsp;&nbsp; 727760<br><sup>2</sup> <br>| Zeta Global Holdings Corp. | &nbsp;&nbsp; 14460591 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 277437850 |
|  | **Materials—(4.1)%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 90886 | Air Products & Chemicals, Inc. | &nbsp;&nbsp; 24786430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4772 | Carpenter Technology Corp. | &nbsp;&nbsp; 1171717 |
| 1088195 | Dow, Inc. | &nbsp;&nbsp; 24952311 |
| &nbsp;&nbsp; 209193 | International Paper Co. | &nbsp;&nbsp; 9706555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 45161 | LyondellBasell Industries N.V. | &nbsp;&nbsp; 2214695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 34565<br><sup>2</sup> <br>| MP Materials Corp. | &nbsp;&nbsp; 2318275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 45461 | Smurfit WestRock PLC | &nbsp;&nbsp; 1935275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 27902 | Westlake Corp. | &nbsp;&nbsp; 2150128 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69235386 |
|  | **Real Estate—(2.7)%** |  |
| &nbsp;&nbsp; 157853 | Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp; 13155469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4503 | Digital Realty Trust, Inc. | &nbsp;&nbsp; 778479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1578 | Equinix, Inc. | &nbsp;&nbsp; 1235953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 85926 | Extra Space Storage, Inc. | &nbsp;&nbsp; 12110410 |
| &nbsp;&nbsp; 213199 | Healthcare Realty Trust, Inc. | &nbsp;&nbsp; 3843978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 29552 | ProLogis, Inc. | &nbsp;&nbsp; 3384295 |
| &nbsp;&nbsp; 159365 | Realty Income Corp. | &nbsp;&nbsp; 9687798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 47162 | Weyerhaeuser Co. | &nbsp;&nbsp; 1169146 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45365528 |
|  | **Utilities—(1.3)%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 37479 | Brookfield Renewable Corp. | &nbsp;&nbsp; 1290027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 96213 | NextEra Energy, Inc. | &nbsp;&nbsp; 7263120 |
| &nbsp;&nbsp; 102804 | Sempra Energy | &nbsp;&nbsp; 9250304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9798 | Southwest Gas Holdings, Inc. | &nbsp;&nbsp; 767575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 36709 | Xcel Energy, Inc. | &nbsp;&nbsp; 2960581 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21531607 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Total Securities Sold Short <br>(PROCEEDS $1,294,261,264)<br>| &nbsp;&nbsp; $1379025991 |

---

The Value of Securities Sold Short is included in "Other Assets and Liabilities—Net".

**9**

------

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended September 30, 2025, were as follows:

---

| | |
|:---|:---|
|  | **Federated Hermes** <br>**Government** <br>**Obligations Fund,** <br>**Premier Shares**<br>|
| Value as of 12/31/2024 | &nbsp;&nbsp; $117480736 |
| Purchases at Cost | &nbsp;&nbsp; $940766098 |
| Proceeds from Sales | &nbsp;&nbsp; $(912506396) |
| Change in Unrealized Appreciation/Depreciation | &nbsp;&nbsp; $— |
| Net Realized Gain/(Loss) | &nbsp;&nbsp; $— |
| Value as of 9/30/2025 | &nbsp;&nbsp; $145740438 |
| Shares Held as of 9/30/2025 | &nbsp;&nbsp; 145740438 |
| Dividend Income | &nbsp;&nbsp; $4557774 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 1 | *All or a portion of these securities have been pledged as collateral for open short positions.* |
| 2 | *Non-income-producing security.* |
| 3 | *7-day net yield.* |
| 4 | *Assets, other than investments in securities, less liabilities.* |

---

Note: The categories of investments are shown as a percentage of net assets at September 30, 2025.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Equity securities including shares of exchange-traded funds listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by Federated MDTA LLC (the"Adviser").

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

**10**

------

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

At September 30, 2025, all investments of the Fund utilized Level 1 inputs in valuing the Fund's assets carried at fair value.

**11**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Adviser Series

- **b. Investment Company Act file number:** 811-23259

- **c. CIK number of Registrant:** 0001707560

- **d. LEI of Registrant:** 2549001OZ5PPTI84LJ34

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes MDT Market Neutral Fund

- **b. EDGAR series identifier (if any):** S000072284

- **c. LEI of Series:** 254900LP0W4M9IA05C50

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

- **a. Date of fiscal year-end:** 2025-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3074854288.98

**Total Liabilities:** $1379452789.03

**Net Assets:** $1695401499.95

**Cash Not Reported:** $1429116503.78

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000228383 | -0.37%               | -0.05%               | -0.05%               |
| Class ID C000228384 | -0.43%               | -0.05%               | -0.05%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-23382089.14            | $12729897.53                               |
| Month 2  | $-799138.57              | $-2030144.45                               |
| Month 3  | $-36151367.46            | $31553327.73                               |

**Designated Index Information**

- **Index Name:** Securities Portfolio VaR

- **Index Identifier:** Designated Reference Portfolio is the Fund's Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cadence Design Systems Inc                   | Cadence Design Systems Inc                   | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Short            | EC               | CORP              | US        |    -18051 | NS      | $-6340594.26  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                          | Cardinal Health Inc                          | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     52917 | NS      | $8305852.32   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                | Citigroup Inc                                | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Short            | EC               | CORP              | US        |    -94023 | NS      | $-9543334.50  | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                               | Halliburton Co                               | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     91313 | NS      | $2246299.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings Inc                        | LiveRamp Holdings Inc                        | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |     53456 | NS      | $1450795.84   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                               | Morgan Stanley                               | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     38269 | NS      | $6083240.24   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                         | Progressive Corp/The                         | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     51206 | NS      | $12645321.70  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest Inc                                  | SkyWest Inc                                  | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     41991 | NS      | $4225134.42   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                                     | AAON Inc                                     | CUSIP: 000360206<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -56514 | NS      | $-5280668.16  | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                     | Ameriprise Financial Inc                     | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     25884 | NS      | $12715515.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc                         | Align Technology Inc                         | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |    120927 | NS      | $15142478.94  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                    | Amgen Inc                                    | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     43833 | NS      | $12369672.60  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ATN International Inc                        | ATN International Inc                        | CUSIP: 00215F107<br>LEI: 54930013NP7VEU877V56 | Short            | EC               | CORP              | US        |     -9316 | NS      | $-139460.52   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc                     | Acadia Healthcare Co Inc                     | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |     42778 | NS      | $1059183.28   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                           | Steel Dynamics Inc                           | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     14011 | NS      | $1953553.73   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Inc                                | Synaptics Inc                                | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |     19675 | NS      | $1344589.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                                   | Sysco Corp                                   | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Short            | EC               | CORP              | US        |    -41255 | NS      | $-3396936.70  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                                 | Assurant Inc                                 | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      3543 | NS      | $767413.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                       | Berkshire Hathaway Inc                       | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Short            | EC               | CORP              | US        |    -14654 | NS      | $-7367151.96  | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                               | API Group Corp                               | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |     61941 | NS      | $2128912.17   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                            | AeroVironment Inc                            | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Short            | EC               | CORP              | US        |    -14088 | NS      | $-4436170.32  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                               | Albemarle Corp                               | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     32097 | NS      | $2602424.76   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Apellis Pharmaceuticals Inc                  | Apellis Pharmaceuticals Inc                  | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Short            | EC               | CORP              | US        |   -230231 | NS      | $-5210127.53  | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                                | Blackrock Inc                                | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Short            | EC               | CORP              | US        |     -1055 | NS      | $-1229992.85  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                               | ConocoPhillips                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Short            | EC               | CORP              | US        |   -191599 | NS      | $-18123349.41 | -1.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc          | Alexandria Real Estate Equities Inc          | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Short            | EC               |  | US        |   -157853 | NS      | $-13155469.02 | -0.78%            |  |  |  | No            |                  1 | On Loan: No      |
| Appian Corp                                  | Appian Corp                                  | CUSIP: 03782L101<br>LEI: 529900NIARIFW7HGU386 | Short            | EC               | CORP              | US        |    -21427 | NS      | $-655023.39   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Fulgent Genetics Inc                         | Fulgent Genetics Inc                         | CUSIP: 359664109<br>LEI: 549300CL6P01M68QJ404 | Long             | EC               | CORP              | US        |     46479 | NS      | $1050425.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                               | GE Vernova Inc                               | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     69074 | NS      | $42473602.60  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                        | Applied Materials Inc                        | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Short            | EC               | CORP              | US        |    -36630 | NS      | $-7499626.20  | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                          | Axon Enterprise Inc                          | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Short            | EC               | CORP              | US        |     -5352 | NS      | $-3840809.28  | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                  | Goldman Sachs Group Inc/The                  | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      4810 | NS      | $3830443.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc     | Knight-Swift Transportation Holdings Inc     | CUSIP: 499049104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -140311 | NS      | $-5543687.61  | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                   | NetApp Inc                                   | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     96901 | NS      | $11478892.46  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                          | Onto Innovation Inc                          | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      6444 | NS      | $832693.68    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Corp                    | Brookfield Renewable Corp                    | CUSIP: 11285B108<br>LEI: N/A                  | Short            | EC               | CORP              | CA        |    -37479 | NS      | $-1290027.18  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                                   | CarMax Inc                                   | CUSIP: 143130102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -51000 | NS      | $-2288370.00  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Outset Medical Inc                           | Outset Medical Inc                           | CUSIP: 690145206<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1898 | NS      | $-26803.53    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                               | PBF Energy Inc                               | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |    203279 | NS      | $6132927.43   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc                       | Advance Auto Parts Inc                       | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    666731 | NS      | $40937283.40  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| agilon health Inc                            | agilon health Inc                            | CUSIP: 00857U107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -324000 | NS      | $-333720.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| BlueLinx Holdings Inc                        | BlueLinx Holdings Inc                        | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |     22514 | NS      | $1645323.12   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International Inc | Charles River Laboratories International Inc | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |     38637 | NS      | $6045145.02   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc               | Air Products and Chemicals Inc               | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Short            | EC               | CORP              | US        |    -90886 | NS      | $-24786429.92 | -1.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Akero Therapeutics Inc                       | Akero Therapeutics Inc                       | CUSIP: 00973Y108<br>LEI: 549300SI3KG74LBE2955 | Short            | EC               | CORP              | US        |    -20734 | NS      | $-984450.32   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                   | Biogen Inc                                   | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |     21623 | NS      | $3028949.84   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Inc                                 | Comerica Inc                                 | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Short            | EC               | CORP              | US        |    -14170 | NS      | $-970928.40   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                   | Alcoa Corp                                   | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     81226 | NS      | $2671523.14   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                  | AmerisourceBergen Corp                       | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     23026 | NS      | $7196315.78   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp                    | Carpenter Technology Corp                    | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Short            | EC               | CORP              | US        |     -4772 | NS      | $-1171716.88  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                              | Caterpillar Inc                              | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Short            | EC               | CORP              | US        |     -3793 | NS      | $-1809829.95  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                         | Deckers Outdoor Corp                         | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     32962 | NS      | $3341357.94   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                     | Digital Realty Trust Inc                     | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Short            | EC               |  | US        |     -4503 | NS      | $-778478.64   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                              | Astera Labs Inc                              | CUSIP: 04626A103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -10175 | NS      | $-1992265.00  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/The             | Bank of New York Mellon Corp/The             | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |    172189 | NS      | $18761713.44  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                 | DoorDash Inc                                 | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |    103530 | NS      | $28159124.70  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Plains Inc                             | Green Plains Inc                             | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Short            | EC               | CORP              | US        |    -43623 | NS      | $-383446.17   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                 | Centene Corp                                 | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Short            | EC               | CORP              | US        |   -555135 | NS      | $-19807216.80 | -1.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                          | Churchill Downs Inc                          | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Short            | EC               | CORP              | US        |    -44554 | NS      | $-4322183.54  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| CryoPort Inc                                 | CryoPort Inc                                 | CUSIP: 229050307<br>LEI: 9845004D8538BT8JF626 | Short            | EC               | CORP              | US        |    -44015 | NS      | $-417262.20   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                             | Cytokinetics Inc                             | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Short            | EC               | CORP              | US        |   -102374 | NS      | $-5626475.04  | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                          | Delta Air Lines Inc                          | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     86287 | NS      | $4896787.25   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                 | Entegris Inc                                 | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Short            | EC               | CORP              | US        |    -45713 | NS      | $-4226623.98  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                                  | ROBLOX Corp                                  | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    312290 | NS      | $43258410.80  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                         | SL Green Realty Corp                         | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               |  | US        |    103053 | NS      | $6163599.93   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                            | Expedia Group Inc                            | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10187 | NS      | $2177471.25   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                             | Genuine Parts Co                             | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Short            | EC               | CORP              | US        |    -49026 | NS      | $-6795003.60  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies Inc                        | SoFi Technologies Inc                        | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |     25449 | NS      | $672362.58    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc                            | Sprout Social Inc                            | CUSIP: 85209W109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -103062 | NS      | $-1331561.04  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc                            | BILL Holdings Inc                            | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |     18644 | NS      | $987572.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Braze Inc                                    | Braze Inc                                    | CUSIP: 10576N102<br>LEI: 9845007B9EDBFD37C277 | Long             | EC               | CORP              | US        |     23307 | NS      | $662851.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology Inc                         | Amkor Technology Inc                         | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |    141497 | NS      | $4018514.80   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                        | Antero Resources Corp                        | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     26734 | NS      | $897193.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                                 | Insulet Corp                                 | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     23077 | NS      | $7124562.21   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                        | Monster Beverage Corp                        | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Short            | EC               | CORP              | US        |    -30247 | NS      | $-2035925.57  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                        | Uber Technologies Inc                        | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    135229 | NS      | $13248385.13  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp                                      | VF Corp                                      | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |    450947 | NS      | $6507165.21   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc                       | Apogee Enterprises Inc                       | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |     17485 | NS      | $761821.45    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc                | Arrowhead Pharmaceuticals Inc                | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Short            | EC               | CORP              | US        |    -60422 | NS      | $-2083954.78  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc                 | American Healthcare REIT Inc                 | CUSIP: 398182303<br>LEI: N/A                  | Long             | EC               |  | US        |     12247 | NS      | $514496.47    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                          | Guardant Health Inc                          | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     50623 | NS      | $3162925.04   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                              | Pegasystems Inc                              | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |    137964 | NS      | $7932930.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Brands Holdings Inc                 | Spectrum Brands Holdings Inc                 | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Long             | EC               | CORP              | US        |     11873 | NS      | $623688.69    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor Inc                              | TripAdvisor Inc                              | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |    109709 | NS      | $1783868.34   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                              | Xcel Energy Inc                              | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Short            | EC               | CORP              | US        |    -36709 | NS      | $-2960580.85  | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                     | Builders FirstSource Inc                     | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Short            | EC               | CORP              | US        |    -11912 | NS      | $-1444330.00  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                               | CBRE Group Inc                               | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     15495 | NS      | $2441392.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                   | Capital One Financial Corp                   | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Short            | EC               | CORP              | US        |    -56674 | NS      | $-12047758.92 | -0.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                               | Cava Group Inc                               | CUSIP: 148929102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -280035 | NS      | $-16916914.35 | -1.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                              | Weyerhaeuser Co                              | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Short            | EC               |  | US        |    -47162 | NS      | $-1169145.98  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                 | Wingstop Inc                                 | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Short            | EC               | CORP              | US        |    -45107 | NS      | $-11352529.76 | -0.67%            |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp                          | Exact Sciences Corp                          | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Short            | EC               | CORP              | US        |    -53368 | NS      | $-2919763.28  | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc                   | Floor & Decor Holdings Inc                   | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Short            | EC               | CORP              | US        |    -58744 | NS      | $-4329432.80  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                             | HealthEquity Inc                             | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Short            | EC               | CORP              | US        |    -68190 | NS      | $-6462366.30  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                | Intercontinental Exchange Inc                | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     12598 | NS      | $2122511.04   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                                     | LKQ Corp                                     | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Short            | EC               | CORP              | US        |    -43120 | NS      | $-1316884.80  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                          | Leidos Holdings Inc                          | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     16445 | NS      | $3107447.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc                    | ZoomInfo Technologies Inc                    | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |    233307 | NS      | $2545379.37   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce Inc                  | Fresh Del Monte Produce Inc                  | CUSIP: 000000000<br>LEI: 529900I72V9F0FEZR228 | Short            | EC               | CORP              | KY        |    -14690 | NS      | $-510036.80   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc            | Atmus Filtration Technologies Inc            | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33483 | NS      | $1509748.47   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc                     | Axcelis Technologies Inc                     | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     39828 | NS      | $3888805.92   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                                | Celanese Corp                                | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |    551845 | NS      | $23221637.60  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                          | Cheniere Energy Inc                          | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     46250 | NS      | $10867825.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd                  | Royal Caribbean Cruises Ltd                  | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      3888 | NS      | $1258079.04   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc                             | Zillow Group Inc                             | CUSIP: 98954M101<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |     44244 | NS      | $3293523.36   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                | Accenture PLC                                | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     12242 | NS      | $3018877.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                   | Copart Inc                                   | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Short            | EC               | CORP              | US        |   -163140 | NS      | $-7336405.80  | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                     | Crowdstrike Holdings Inc                     | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      2351 | NS      | $1152883.38   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave & Buster's Entertainment Inc            | Dave & Buster's Entertainment Inc            | CUSIP: 238337109<br>LEI: 529900WTVU85QZLYHR86 | Short            | EC               | CORP              | US        |    -63339 | NS      | $-1150236.24  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| DENTSPLY SIRONA Inc                          | DENTSPLY SIRONA Inc                          | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |     54756 | NS      | $694853.64    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                 | Fortinet Inc                                 | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     41789 | NS      | $3513619.12   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Heron Therapeutics Inc                       | Heron Therapeutics Inc                       | CUSIP: 427746102<br>LEI: 549300DR2I1DOPD2IX53 | Short            | EC               | CORP              | US        |   -198316 | NS      | $-249878.16   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                               | DraftKings Inc                               | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Short            | EC               | CORP              | US        |   -234298 | NS      | $-8762745.20  | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty Inc                               | elf Beauty Inc                               | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Short            | EC               | CORP              | US        |    -30049 | NS      | $-3980891.52  | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                            | EOG Resources Inc                            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     72459 | NS      | $8124103.08   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                     | Elanco Animal Health Inc                     | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |    149231 | NS      | $3005512.34   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                               | Hershey Co/The                               | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Short            | EC               | CORP              | US        |    -35190 | NS      | $-6582289.50  | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc                | Interactive Brokers Group Inc                | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |    122132 | NS      | $8403902.92   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                        | Becton Dickinson and Co                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Short            | EC               | CORP              | US        |   -159326 | NS      | $-29821047.42 | -1.76%            |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc                          | BellRing Brands Inc                          | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Short            | EC               | CORP              | US        |   -181392 | NS      | $-6593599.20  | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                  | Netflix Inc                                  | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1256 | NS      | $1505843.52   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                          | Northern Trust Corp                          | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     61440 | NS      | $8269824.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd           | Credo Technology Group Holding Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     61688 | NS      | $8982389.68   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneCo Ltd                                  | StoneCo Ltd                                  | CUSIP: 000000000<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | KY        |    251855 | NS      | $4762578.05   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                           | Enphase Energy Inc                           | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |    455791 | NS      | $16130443.49  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                  | Equinix Inc                                  | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Short            | EC               |  | US        |     -1578 | NS      | $-1235952.72  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical Inc                  | BioMarin Pharmaceutical Inc                  | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |    167032 | NS      | $9046453.12   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                               | Blackstone Inc                               | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Short            | EC               | CORP              | US        |    -79684 | NS      | $-13614011.40 | -0.80%            |  |  |  | No            |                  1 | On Loan: No      |
| LendingTree Inc                              | LendingTree Inc                              | CUSIP: 52603B107<br>LEI: 549300ISY5YHUJZTON08 | Long             | EC               | CORP              | US        |     20841 | NS      | $1349037.93   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                       | Marvell Technology Inc                       | CUSIP: 573874104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -268399 | NS      | $-22564303.93 | -1.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                         | Bridgebio Pharma Inc                         | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |     64023 | NS      | $3325354.62   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc                             | Clear Secure Inc                             | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23918 | NS      | $798382.84    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                           | FTI Consulting Inc                           | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Short            | EC               | CORP              | US        |     -3658 | NS      | $-591315.70   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                               | Five Below Inc                               | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |    190174 | NS      | $29419917.80  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                               | MasterCard, Inc. Class A                     | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1521 | NS      | $865160.01    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                  | Nutanix Inc                                  | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |    167526 | NS      | $12462259.14  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group Inc                                | PRA Group Inc                                | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Short            | EC               | CORP              | US        |    -18624 | NS      | $-287554.56   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                          | Paycom Software Inc                          | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     55589 | NS      | $11570294.46  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                          | Coinbase Global Inc                          | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |      6865 | NS      | $2316868.85   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Health Systems Inc                 | Community Health Systems Inc                 | CUSIP: 203668108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    195181 | NS      | $626531.01    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                    | Occidental Petroleum Corp                    | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     20867 | NS      | $985965.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical Inc                | Ultragenyx Pharmaceutical Inc                | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Short            | EC               | CORP              | US        |    -74536 | NS      | $-2242042.88  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                      | Procter & Gamble Co/The                      | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Short            | EC               | CORP              | US        |    -27998 | NS      | $-4301892.70  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                    | Qorvo Inc                                    | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     49170 | NS      | $4478403.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                              | Q2 Holdings Inc                              | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     60815 | NS      | $4402397.85   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                        | Robinhood Markets Inc                        | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    138341 | NS      | $19807664.38  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                       | Sempra Energy                                | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Short            | EC               | CORP              | US        |   -102804 | NS      | $-9250303.92  | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Six Flags Entertainment Corp                 | Six Flags Entertainment Corp                 | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Short            | EC               | CORP              | US        |    -83877 | NS      | $-1905685.44  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp                              | Concentrix Corp                              | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Short            | EC               | CORP              | US        |   -203225 | NS      | $-9378833.75  | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                        | Costco Wholesale Corp                        | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     11378 | NS      | $10531818.14  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                       | Diamondback Energy Inc                       | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Short            | EC               | CORP              | US        |   -286384 | NS      | $-40981550.40 | -2.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                      | Dow Inc                                      | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Short            | EC               | CORP              | US        |  -1088195 | NS      | $-24952311.35 | -1.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Ubiquiti Inc                                 | Ubiquiti Inc                                 | CUSIP: 90353W103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -21627 | NS      | $-14286363.66 | -0.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                                   | Vicor Corp                                   | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Short            | EC               | CORP              | US        |    -13288 | NS      | $-660679.36   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Driven Brands Holdings Inc                   | Driven Brands Holdings Inc                   | CUSIP: 26210V102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -182412 | NS      | $-2938657.32  | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| D-Wave Quantum Inc                           | D-Wave Quantum Inc                           | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Short            | EC               | CORP              | US        |    -61496 | NS      | $-1519566.16  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                      | Extra Space Storage Inc                      | CUSIP: 30225T102<br>LEI: N/A                  | Short            | EC               |  | US        |    -85926 | NS      | $-12110410.44 | -0.71%            |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                                     | FMC Corp                                     | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     84170 | NS      | $2830637.10   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GameStop Corp                                | GameStop Corp                                | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Short            | EC               | CORP              | US        |   -191840 | NS      | $-5233395.20  | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                    | Halozyme Therapeutics Inc                    | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     49692 | NS      | $3644411.28   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                  | Honeywell International Inc                  | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Short            | EC               | CORP              | US        |    -44719 | NS      | $-9413349.50  | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                                   | Impinj Inc                                   | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Short            | EC               | CORP              | US        |    -39156 | NS      | $-7077447.00  | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc                            | GXO Logistics Inc                            | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Short            | EC               | CORP              | US        |   -111061 | NS      | $-5874016.29  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                        | General Dynamics Corp                        | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      2166 | NS      | $738606.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                  | Vistra Corp                                  | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     23403 | NS      | $4585115.76   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                       | Webster Financial Corp                       | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Short            | EC               | CORP              | US        |    -30282 | NS      | $-1799939.79  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                         | Waystar Holding Corp                         | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62664 | NS      | $2376218.88   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                         | Williams Cos Inc/The                         | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     78652 | NS      | $4982604.20   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                      | WEX Inc                                      | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      6521 | NS      | $1027253.13   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                     | Yelp Inc                                     | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     23080 | NS      | $720096.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                                  | Incyte Corp                                  | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     82961 | NS      | $7035922.41   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc                  | Inspire Medical Systems Inc                  | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Short            | EC               | CORP              | US        |    -13327 | NS      | $-988863.40   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Birkenstock Holding Plc                      | Birkenstock Holding Plc                      | CUSIP: 000000000<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | JE        |     16340 | NS      | $739385.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd                           | Capri Holdings Ltd                           | CUSIP: 000000000<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | VG        |    224962 | NS      | $4481243.04   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                          | General Electric Co                          | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     19733 | NS      | $5936081.06   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries Inc            | Huntington Ingalls Industries Inc            | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Short            | EC               | CORP              | US        |    -15024 | NS      | $-4325559.84  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                          | Viking Holdings Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    677019 | NS      | $42083501.04  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| IonQ Inc                                     | IonQ Inc                                     | CUSIP: 46222L108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -126695 | NS      | $-7791742.50  | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings Inc                 | Life Time Group Holdings Inc                 | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121728 | NS      | $3359692.80   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Life360 Inc                                  | Life360 Inc                                  | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |     42617 | NS      | $4530187.10   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc                      | Live Oak Bancshares Inc                      | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37314 | NS      | $1314199.08   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                                  | Magnite Inc                                  | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Short            | EC               | CORP              | US        |   -192063 | NS      | $-4183132.14  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Federated Government Obligations Fund        | Federated Hermes Government Obligations Fund | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        | 145740438 | NS      | $145740437.83 | 8.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                               | Astronics Corp                               | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |     39645 | NS      | $1808208.45   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc                     | Corebridge Financial Inc                     | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     23248 | NS      | $745098.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                                | DR HORTON INC                                | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Short            | EC               | CORP              | US        |   -138404 | NS      | $-23455325.88 | -1.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                              | Dollar Tree Inc                              | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |    213699 | NS      | $20166774.63  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Immunovant Inc                               | Immunovant Inc                               | CUSIP: 45258J102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -79621 | NS      | $-1283490.52  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      4053 | NS      | $751507.26    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                 | Newmont Corp                                 | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    131292 | NS      | $11069228.52  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                      | PTC Inc                                      | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Short            | EC               | CORP              | US        |     -8468 | NS      | $-1719173.36  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Karyopharm Therapeutics Inc                  | Karyopharm Therapeutics Inc                  | CUSIP: 48576U205<br>LEI: 549300J1VANRCNTYST87 | Short            | EC               | CORP              | US        |        -2 | NS      | $-10.46       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                   | KIRBY CORP                                   | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Short            | EC               | CORP              | US        |     -5959 | NS      | $-497278.55   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                                 | Duolingo Inc                                 | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7158 | NS      | $2303730.72   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                             | EPAM Systems Inc                             | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |     23587 | NS      | $3556683.73   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Sciences Inc                          | Kodiak Sciences Inc                          | CUSIP: 50015M109<br>LEI: 254900IXI5NI8C9OQE24 | Short            | EC               | CORP              | US        |    -52571 | NS      | $-860587.27   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The                     | Estee Lauder Cos Inc/The                     | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |    264318 | NS      | $23291702.16  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                   | Charter Communications Inc                   | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Short            | EC               | CORP              | US        |    -92810 | NS      | $-25532495.05 | -1.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co                            | Erie Indemnity Co                            | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Short            | EC               | CORP              | US        |     -3290 | NS      | $-1046746.40  | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Privia Health Group Inc                      | Privia Health Group Inc                      | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27647 | NS      | $688410.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                   | Qualys Inc                                   | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |      8306 | NS      | $1099132.98   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                          | Glacier Bancorp Inc                          | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Short            | EC               | CORP              | US        |    -28321 | NS      | $-1378383.07  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc                  | Healthcare Realty Trust Inc                  | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Short            | EC               |  | US        |   -213199 | NS      | $-3843977.97  | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                | Regeneron Pharmaceuticals Inc                | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     41195 | NS      | $23162712.65  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                               | salesforce.com Inc                           | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    113809 | NS      | $26972733.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc                     | Sarepta Therapeutics Inc                     | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |    114447 | NS      | $2205393.69   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                    | Block Inc                                    | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Short            | EC               | CORP              | US        |   -313224 | NS      | $-22636698.48 | -1.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                   | Stanley Black & Decker Inc                   | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     40404 | NS      | $3003229.32   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                               | SYNNEX Corp                                  | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     19659 | NS      | $3219161.25   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                         | Targa Resources Corp                         | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     13785 | NS      | $2309538.90   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI Inc                                | Tempus AI Inc                                | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Long             | EC               | CORP              | US        |      7794 | NS      | $629053.74    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                   | Fiserv Inc                                   | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Short            | EC               | CORP              | US        |    -77688 | NS      | $-10016313.84 | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                               | Globe Life Inc                               | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      5191 | NS      | $742157.27    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                    | Tesla Inc                                    | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Short            | EC               | CORP              | US        |    -74155 | NS      | $-32978211.60 | -1.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                     | Western Alliance Bancorp                     | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Short            | EC               | CORP              | US        |    -12607 | NS      | $-1093279.04  | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                       | Arch Capital Group Ltd                       | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     21366 | NS      | $1938537.18   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                | Medtronic PLC                                | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Short            | EC               | CORP              | IE        |    -67395 | NS      | $-6418699.80  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                       | International Paper Co                       | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Short            | EC               | CORP              | US        |   -209193 | NS      | $-9706555.20  | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                        | Jackson Financial Inc                        | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |    169344 | NS      | $17142693.12  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                               | SharkNinja Inc                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     33162 | NS      | $3420660.30   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                           | Kilroy Realty Corp                           | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               |  | US        |    185987 | NS      | $7857950.75   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                                  | Lennar Corp                                  | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Short            | EC               | CORP              | US        |    -16252 | NS      | $-2048402.08  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                               | ELI LILLY & CO                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Short            | EC               | CORP              | US        |    -22724 | NS      | $-17338412.00 | -1.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                            | Steven Madden Ltd                            | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     23913 | NS      | $800607.24    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals Inc                 | Madrigal Pharmaceuticals Inc                 | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Short            | EC               | CORP              | US        |    -11333 | NS      | $-5197993.78  | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                                | Maplebear Inc                                | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    390738 | NS      | $14363528.88  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc                | Live Nation Entertainment Inc                | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     21422 | NS      | $3500354.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                                   | Masco Corp                                   | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     28293 | NS      | $1991544.27   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                  | Oracle Corp                                  | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Short            | EC               | CORP              | US        |    -18829 | NS      | $-5295467.96  | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                 | Prologis Inc                                 | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Short            | EC               |  | US        |    -29552 | NS      | $-3384295.04  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                                    | nCino Inc                                    | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Short            | EC               | CORP              | US        |    -79596 | NS      | $-2157847.56  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                              | NeoGenomics Inc                              | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    161250 | NS      | $1244850.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International Inc                | Oceaneering International Inc                | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     32759 | NS      | $811768.02    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                           | Realty Income Corp                           | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Short            | EC               |  | US        |   -159365 | NS      | $-9687798.35  | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                | Repligen Corp                                | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Short            | EC               | CORP              | US        |    -25625 | NS      | $-3425293.75  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                                  | SiTime Corp                                  | CUSIP: 82982T106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -5588 | NS      | $-1683720.28  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                                   | Rubrik Inc                                   | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |     16993 | NS      | $1397674.25   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc            | Take-Two Interactive Software Inc            | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Short            | EC               | CORP              | US        |    -13510 | NS      | $-3490443.60  | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Health Inc                           | Teladoc Health Inc                           | CUSIP: 87918A105<br>LEI: 549300I2PVFBC9MFAC61 | Long             | EC               | CORP              | US        |    117694 | NS      | $909774.62    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| 10X Genomics Inc                             | 10X Genomics Inc                             | CUSIP: 88025U109<br>LEI: 5493003Z6741WNLG7H43 | Short            | EC               | CORP              | US        |    -88699 | NS      | $-1036891.31  | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                        | Travelers Cos Inc/The                        | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     52383 | NS      | $14626381.26  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc                             | Under Armour Inc                             | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |    187580 | NS      | $936024.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp                                  | Masimo Corp                                  | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Short            | EC               | CORP              | US        |    -44859 | NS      | $-6618945.45  | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                               | Merck & Co Inc                               | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     14130 | NS      | $1185930.90   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                    | United Parcel Service Inc                    | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Short            | EC               | CORP              | US        |    -19767 | NS      | $-1651137.51  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                            | Veeva Systems Inc                            | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     25461 | NS      | $7585086.51   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                           | Unity Software Inc                           | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Short            | EC               | CORP              | US        |   -193028 | NS      | $-7728841.12  | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Zeta Global Holdings Corp                    | Zeta Global Holdings Corp                    | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Short            | EC               | CORP              | US        |   -727760 | NS      | $-14460591.20 | -0.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                          | Mercury Systems Inc                          | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Short            | EC               | CORP              | US        |    -21288 | NS      | $-1647691.20  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc                                 | MicroStrategy Inc                            | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Short            | EC               | CORP              | US        |    -90850 | NS      | $-29272778.50 | -1.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                     | Microchip Technology Inc                     | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |    149034 | NS      | $9570963.48   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                                  | MongoDB Inc                                  | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Short            | EC               | CORP              | US        |    -92848 | NS      | $-28818162.24 | -1.70%            |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                               | NEXTracker Inc                               | CUSIP: 65290E101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -147927 | NS      | $-10945118.73 | -0.65%            |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                           | NextEra Energy Inc                           | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Short            | EC               | CORP              | US        |    -96213 | NS      | $-7263119.37  | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                                   | Nucor Corp                                   | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     14685 | NS      | $1988789.55   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                     | Okta Inc                                     | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     14318 | NS      | $1312960.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc                | Old Dominion Freight Line Inc                | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Short            | EC               | CORP              | US        |    -19418 | NS      | $-2733666.04  | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp                        | ON Semiconductor Corp                        | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     85043 | NS      | $4193470.33   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics Inc                         | PTC Therapeutics Inc                         | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Short            | EC               | CORP              | US        |    -50357 | NS      | $-3090409.09  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                    | Palantir Technologies Inc                    | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    137508 | NS      | $25084209.36  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co                    | Performance Food Group Co                    | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Short            | EC               | CORP              | US        |    -49773 | NS      | $-5178382.92  | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc                             | Pitney Bowes Inc                             | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |     69946 | NS      | $798083.86    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group Inc                | Principal Financial Group Inc                | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     21138 | NS      | $1752551.58   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc                            | PROG Holdings Inc                            | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     27681 | NS      | $895757.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc                     | Prudential Financial Inc                     | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |    103352 | NS      | $10721736.48  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                 | QUALCOMM Inc                                 | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      8299 | NS      | $1380621.64   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolution Medicines Inc                     | Revolution Medicines Inc                     | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Short            | EC               | CORP              | US        |   -145945 | NS      | $-6815631.50  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Revolve Group Inc                            | Revolve Group Inc                            | CUSIP: 76156B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69866 | NS      | $1488145.80   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                     | Saia Inc                                     | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Short            | EC               | CORP              | US        |    -57407 | NS      | $-17185359.52 | -1.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                          | Shift4 Payments Inc                          | CUSIP: 82452J109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -103611 | NS      | $-8019491.40  | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                               | Starbucks Corp                               | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Short            | EC               | CORP              | US        |   -360969 | NS      | $-30537977.40 | -1.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                          | Synchrony Financial                          | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     95420 | NS      | $6779591.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                           | Trade Desk Inc/The                           | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Short            | EC               | CORP              | US        |   -819356 | NS      | $-40156637.56 | -2.37%            |  |  |  | No            |                  1 | On Loan: No      |
| RealReal Inc/The                             | RealReal Inc/The                             | CUSIP: 88339P101<br>LEI: 549300O00VUGT4H1PE90 | Short            | EC               | CORP              | US        |    -82537 | NS      | $-877368.31   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                 | Thermo Fisher Scientific Inc                 | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Short            | EC               | CORP              | US        |    -74240 | NS      | $-36007884.80 | -2.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                                | Tidewater Inc                                | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |    105798 | NS      | $5642207.34   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                                    | Toast Inc                                    | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     40311 | NS      | $1471754.61   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                          | TransDigm Group Inc                          | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2392 | NS      | $3152703.84   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc                        | TransMedics Group Inc                        | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Short            | EC               | CORP              | US        |    -52165 | NS      | $-5852913.00  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                        | Truist Financial Corp                        | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Short            | EC               | CORP              | US        |    -43381 | NS      | $-1983379.32  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| UiPath Inc                                   | UiPath Inc                                   | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |     98260 | NS      | $1314718.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                              | Ulta Beauty Inc                              | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     20332 | NS      | $11116521.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                       | UnitedHealth Group Inc                       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Short            | EC               | CORP              | US        |   -124771 | NS      | $-43083426.30 | -2.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                          | Varonis Systems Inc                          | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |     81223 | NS      | $4667885.81   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                                  | Vaxcyte Inc                                  | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Short            | EC               | CORP              | US        |   -388412 | NS      | $-13990600.24 | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                     | Visa Inc                                     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      5312 | NS      | $1813410.56   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                             | Wells Fargo & Co                             | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Short            | EC               | CORP              | US        |    -30874 | NS      | $-2587858.68  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Inc             | West Pharmaceutical Services Inc             | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Short            | EC               | CORP              | US        |    -12707 | NS      | $-3333427.31  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                  | Zscaler Inc                                  | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     84897 | NS      | $25440235.02  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc                      | Zoom Video Communications Inc                | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     47882 | NS      | $3950265.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Seadrill Ltd                                 | Seadrill Ltd                                 | CUSIP: 000000000<br>LEI: 213800EQ6L456U2JCO89 | Long             | EC               | CORP              | BM        |     50828 | NS      | $1535513.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                   | Garmin Ltd                                   | CUSIP: 000000000<br>LEI: 2549001E0HIPIJQ0W046 | Short            | EC               | CORP              | CH        |    -60320 | NS      | $-14851990.40 | -0.88%            |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock PLC                         | Smurfit WestRock PLC                         | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Short            | EC               | CORP              | IE        |    -45461 | NS      | $-1935274.77  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                       | Trane Technologies PLC                       | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     21922 | NS      | $9250207.12   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC                | Weatherford International PLC                | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |     24604 | NS      | $1683651.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                   | AbbVie Inc                                   | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    165368 | NS      | $38289306.72  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                    | Adobe Inc                                    | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |    122721 | NS      | $43289832.75  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                   | Advanced Micro Devices Inc                   | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Short            | EC               | CORP              | US        |   -122097 | NS      | $-19754073.63 | -1.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                     | Allegro MicroSystems Inc                     | CUSIP: 01749D105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -152174 | NS      | $-4443480.80  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc            | Allison Transmission Holdings Inc            | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     39991 | NS      | $3394436.08   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                  | Alnylam Pharmaceuticals Inc                  | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     24291 | NS      | $11076696.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                                 | Ameresco Inc                                 | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Short            | EC               | CORP              | US        |    -34299 | NS      | $-1151760.42  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                | AppLovin Corp                                | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      5275 | NS      | $3790298.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                         | Ares Management Corp                         | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Short            | EC               | CORP              | US        |    -46613 | NS      | $-7452952.57  | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Avis Budget Group Inc                        | Avis Budget Group Inc                        | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Short            | EC               | CORP              | US        |    -60316 | NS      | $-9685241.70  | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc                      | Axsome Therapeutics Inc                      | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Short            | EC               | CORP              | US        |    -28594 | NS      | $-3472741.30  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc                     | Baxter International Inc                     | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |     65209 | NS      | $1484808.93   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc                    | Caesars Entertainment Inc                    | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Short            | EC               | CORP              | US        |   -537480 | NS      | $-14525397.00 | -0.86%            |  |  |  | No            |                  1 | On Loan: No      |
| Cargurus Inc                                 | Cargurus Inc                                 | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |    176576 | NS      | $6573924.48   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings Inc            | Clearwater Analytics Holdings Inc            | CUSIP: 185123106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -468855 | NS      | $-8448767.10  | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                              | Core & Main Inc                              | CUSIP: 21874C102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -22192 | NS      | $-1194595.36  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| DMC Global Inc                               | DMC Global Inc                               | CUSIP: 23291C103<br>LEI: 549300CBDXD1Z5MRNG02 | Short            | EC               | CORP              | US        |     -7226 | NS      | $-61059.70    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| DXP Enterprises Inc/TX                       | DXP Enterprises Inc/TX                       | CUSIP: 233377407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12397 | NS      | $1476110.79   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                        | Dell Technologies Inc                        | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     97170 | NS      | $13775790.90  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                   | DexCom Inc                                   | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |    436319 | NS      | $29359905.51  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                          | Dollar General Corp                          | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Short            | EC               | CORP              | US        |    -60530 | NS      | $-6255775.50  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                          | Electronic Arts Inc                          | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      7422 | NS      | $1497017.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                          | Emerson Electric Co                          | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      9158 | NS      | $1201346.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                  | Fastenal Co                                  | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Short            | EC               | CORP              | US        |    -61892 | NS      | $-3035183.68  | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                              | First Solar Inc                              | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Short            | EC               | CORP              | US        |    -50482 | NS      | $-11132795.46 | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                     | Fox Corp                                     | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    251922 | NS      | $15886201.32  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corp                     | Fox Factory Holding Corp                     | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Short            | EC               | CORP              | US        |    -25044 | NS      | $-608318.76   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| G-III Apparel Group Ltd                      | G-III Apparel Group Ltd                      | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Short            | EC               | CORP              | US        |    -21908 | NS      | $-582971.88   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                         | Generac Holdings Inc                         | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     13590 | NS      | $2274966.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                            | General Motors Co                            | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |    175692 | NS      | $10711941.24  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                          | Gilead Sciences Inc                          | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      4598 | NS      | $510378.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                                   | Gitlab Inc                                   | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     15356 | NS      | $692248.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                                  | GoDaddy Inc                                  | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     69225 | NS      | $9472056.75   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                   | Grand Canyon Education Inc                   | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Short            | EC               | CORP              | US        |     -3771 | NS      | $-827809.92   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Green Dot Corp                               | Green Dot Corp                               | CUSIP: 39304D102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72056 | NS      | $967712.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc                       | Hims & Hers Health Inc                       | CUSIP: 433000106<br>LEI: 549300ZQ4ZUYSAAX6P59 | Short            | EC               | CORP              | US        |   -165638 | NS      | $-9394987.36  | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                  | HubSpot Inc                                  | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      6265 | NS      | $2930767.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                   | Humana Inc                                   | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     65779 | NS      | $17113722.43  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iRhythm Technologies Inc                     | iRhythm Technologies Inc                     | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Short            | EC               | CORP              | US        |     -5074 | NS      | $-872677.26   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                 | Illumina Inc                                 | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |     43219 | NS      | $4104508.43   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                           | Ingersoll Rand Inc                           | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Short            | EC               | CORP              | US        |   -115690 | NS      | $-9558307.80  | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                   | Intel Corp                                   | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Short            | EC               | CORP              | US        |   -223045 | NS      | $-7483159.75  | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                          | JPMorgan Chase & Co                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Short            | EC               | CORP              | US        |     -3356 | NS      | $-1058583.08  | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                                 | KKR & Co Inc                                 | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Short            | EC               | CORP              | US        |   -274349 | NS      | $-35651652.55 | -2.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                         | Kyndryl Holdings Inc                         | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |     28475 | NS      | $855104.25    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                     | Lamb Weston Holdings Inc                     | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Short            | EC               | CORP              | US        |   -532823 | NS      | $-30946359.84 | -1.83%            |  |  |  | No            |                  1 | On Loan: No      |
| LendingClub Corp                             | LendingClub Corp                             | CUSIP: 52603A208<br>LEI: 549300YC50YO7Y1OJR92 | Long             | EC               | CORP              | US        |    139023 | NS      | $2111759.37   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Inc                            | Lithia Motors Inc                            | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Short            | EC               | CORP              | US        |     -8354 | NS      | $-2639864.00  | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                            | MP Materials Corp                            | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Short            | EC               | CORP              | US        |    -34565 | NS      | $-2318274.55  | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                                  | Moderna Inc                                  | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |   1051509 | NS      | $27160477.47  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                        | Molina Healthcare Inc                        | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Short            | EC               | CORP              | US        |     -2643 | NS      | $-505764.48   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                | Mosaic Co/The                                | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |    164810 | NS      | $5715610.80   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                       | Motorola Solutions Inc                       | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      1464 | NS      | $669472.56    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                              | Murphy Oil Corp                              | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |     74661 | NS      | $2121119.01   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                     | NIKE Inc                                     | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Short            | EC               | CORP              | US        |    -61803 | NS      | $-4309523.19  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                                 | Omnicell Inc                                 | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     52286 | NS      | $1592108.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp                                     | PVH Corp                                     | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     41779 | NS      | $3499826.83   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                   | PACCAR INC                                   | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Short            | EC               | CORP              | US        |    -34417 | NS      | $-3383879.44  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                       | Palo Alto Networks Inc                       | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     31365 | NS      | $6386541.30   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp                          | PAR Technology Corp                          | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Short            | EC               | CORP              | US        |    -25900 | NS      | $-1025122.00  | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                          | PayPal Holdings Inc                          | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    199306 | NS      | $13365460.36  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc              | Philip Morris International Inc              | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     38195 | NS      | $6195229.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                                | Pinterest Inc                                | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19882 | NS      | $639603.94    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                                  | Polaris Inc                                  | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     63783 | NS      | $3707705.79   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc                            | Post Holdings Inc                            | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |      8336 | NS      | $895953.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc                     | Procore Technologies Inc                     | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     16392 | NS      | $1195304.64   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Proto Labs Inc                               | Proto Labs Inc                               | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |     30228 | NS      | $1512306.84   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                             | Pure Storage Inc                             | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     54743 | NS      | $4588010.83   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                           | RH                                           | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Short            | EC               | CORP              | US        |     -4640 | NS      | $-942662.40   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                     | Raytheon Technologies Corp                   | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Short            | EC               | CORP              | US        |    -38278 | NS      | $-6405057.74  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                                   | Reddit Inc                                   | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78304 | NS      | $18009136.96  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Remitly Global Inc                           | Remitly Global Inc                           | CUSIP: 75960P104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -152851 | NS      | $-2491471.30  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral Inc                              | RingCentral Inc                              | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     26054 | NS      | $738370.36    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                           | SEI Investments Co                           | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Short            | EC               | CORP              | US        |    -17889 | NS      | $-1517881.65  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| EW Scripps Co/The                            | EW Scripps Co/The                            | CUSIP: 811054402<br>LEI: 549300U1OW41QPKYW028 | Short            | EC               | CORP              | US        |    -36194 | NS      | $-89037.24    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| QXO Inc                                      | QXO Inc                                      | CUSIP: 82846H405<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -333047 | NS      | $-6347875.82  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Sinclair Inc                                 | Sinclair Inc                                 | CUSIP: 829242106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -31745 | NS      | $-479349.50   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc                       | Sirius XM Holdings Inc                       | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52671 | NS      | $1225917.53   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc                       | Skyworks Solutions Inc                       | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     88870 | NS      | $6841212.60   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                   | Southwest Gas Holdings Inc                   | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Short            | EC               | CORP              | US        |     -9798 | NS      | $-767575.32   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc                   | Sprouts Farmers Market Inc                   | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |    105588 | NS      | $11487974.40  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                            | State Street Corp                            | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |    167080 | NS      | $19382950.80  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                             | StoneX Group Inc                             | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Short            | EC               | CORP              | US        |    -17102 | NS      | $-1725883.38  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Summit Therapeutics Inc                      | Summit Therapeutics Inc                      | CUSIP: 86627T108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -234173 | NS      | $-4838014.18  | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc                     | Super Micro Computer Inc                     | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Short            | EC               | CORP              | US        |   -535110 | NS      | $-25653173.40 | -1.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                 | Synopsys Inc                                 | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Short            | EC               | CORP              | US        |    -56364 | NS      | $-27809433.96 | -1.64%            |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                       | TKO Group Holdings Inc                       | CUSIP: 87256C101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -110672 | NS      | $-22351317.12 | -1.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                 | Tapestry Inc                                 | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     13138 | NS      | $1487484.36   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                                 | Teradyne Inc                                 | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |    186900 | NS      | $25724916.00  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                 | United Airlines Holdings Inc                 | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |    201725 | NS      | $19466462.50  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Upstart Holdings Inc                         | Upstart Holdings Inc                         | CUSIP: 91680M107<br>LEI: 549300WNB47JRNENIC75 | Short            | EC               | CORP              | US        |    -55849 | NS      | $-2837129.20  | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                                 | Veralto Corp                                 | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |    222088 | NS      | $23676801.68  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                         | Vornado Realty Trust                         | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               |  | US        |     72073 | NS      | $2921118.69   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                                  | Wayfair Inc                                  | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |     23360 | NS      | $2086748.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                | Welltower Inc                                | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |     38202 | NS      | $6805304.28   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp                                | Westlake Chemical Corp                       | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Short            | EC               | CORP              | US        |    -27902 | NS      | $-2150128.12  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                 | Xylem Inc/NY                                 | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      4856 | NS      | $716260.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd                   | Axalta Coating Systems Ltd                   | CUSIP: 000000000<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |    113740 | NS      | $3255238.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd           | Norwegian Cruise Line Holdings Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     42109 | NS      | $1037144.67   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                      | Aon PLC                                      | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Short            | EC               | CORP              | IE        |    -33485 | NS      | $-11940081.30 | -0.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                    | Flutter Entertainment PLC                    | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |     19056 | NS      | $4840224.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                    | Janus Henderson Group PLC                    | CUSIP: 000000000<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |     64532 | NS      | $2872319.32   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports Inc                              | Amer Sports Inc                              | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | KY        |     14839 | NS      | $515655.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALFOUNDRIES Inc                          | GLOBALFOUNDRIES Inc                          | CUSIP: 000000000<br>LEI: 549300BA76VK784VMX48 | Short            | EC               | CORP              | KY        |    -20458 | NS      | $-733214.72   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                        | Spotify Technology SA                        | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      6345 | NS      | $4428810.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV                 | LyondellBasell Industries NV                 | CUSIP: 000000000<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Short            | EC               | CORP              | NL        |    -45161 | NS      | $-2214695.44  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Biohaven Ltd                                 | Biohaven Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | EC               | CORP              | VG        |    -48539 | NS      | $-728570.39   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Federated Hermes Adviser Series

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Adviser Series

**Title:** Chief Compliance Officer