# EDGAR Filing Document

**Accession Number:** 0002013853
**File Stem:** 0000910472-26-002872
**Filing Date:** 2026-2
**Character Count:** 53273
**Document Hash:** 0bb6fca5a7dc95e0e7d7db49bce0f2db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002872.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002872

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New Age Alpha Funds Trust
- **CENTRAL INDEX KEY:** 0002013853

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23945
- **FILM NUMBER:** 26683851

**BUSINESS ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 212-922-2699

**MAIL ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### NAA SMid Cap Value Fund (Series ID: S000087631)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000253493 | Institutional Class |  |
| C000253494 | Class C             |  |
| C000253495 | Class A             |  |

## Nport-Ex

---

| |
|:---|
| **NAA SMID CAP VALUE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.7%** |  |
|  | **Communications - 3.4%** |  |
| 96348 | Maplebear, Inc.<sup>(a)</sup> | $4333733 |
| 34629 | Match Group, Inc. | 1118170 |
| 7516 | Nexstar Media Group, Inc. | 1526124 |
| 37329 | Omnicom Group, Inc. | 3014317 |
|  |  | 9992344 |
|  | **Consumer Discretionary - 12.1%** |  |
| 35241 | Autoliv, Inc. | 4183107 |
| 43700 | Carter's, Inc. | 1417191 |
| 34083 | Champion Homes, Inc.<sup>(a)</sup> | 2880013 |
| 15215 | Darden Restaurants, Inc. | 2799864 |
| 15601 | Green Brick Partners, Inc.<sup>(a)</sup> | 977559 |
| 7190 | Group 1 Automotive, Inc. | 2827828 |
| 28869 | Lear Corporation | 3308387 |
| 13263 | Lululemon Athletica, Inc.<sup>(a)</sup> | 2756185 |
| 112823 | Mattel, Inc.<sup>(a)</sup> | 2238408 |
| 43937 | MGM Resorts International<sup>(a)</sup> | 1603261 |
| 106219 | Mister Car Wash, Inc.<sup>(a)</sup> | 590578 |
| 10953 | Penske Automotive Group, Inc. | 1733750 |
| 47513 | PROG Holdings, Inc. | 1401158 |
| 39366 | Service Corp International | 3069367 |
| 18011 | Sonic Automotive, Inc., Class A | 1114160 |
| 59231 | Topgolf Callaway Brands Corporation<sup>(a)</sup> | 691226 |
| 41705 | YETI Holdings, Inc.<sup>(a)</sup> | 1842110 |
|  |  | 35434152 |
|  | **Consumer Staples - 4.8%** |  |
| 234790 | Albertsons Companies, Inc., Class A | 4031344 |
| 46195 | BellRing Brands, Inc.<sup>(a)</sup> | 1234792 |
| 24763 | Dollar Tree, Inc.<sup>(a)</sup> | 3046097 |
| 47389 | Quanex Building Products Corporation | 728843 |
| 105505 | Simply Good Foods Company (The)<sup>(a)</sup> | 2118541 |
| 36615 | Sprouts Farmers Market, Inc.<sup>(a)</sup> | 2917117 |
|  |  | 14076734 |
|  | **Energy - 6.4%** |  |
| 36344 | Chord Energy Corporation | 3369089 |

---

---

| |
|:---|
| **NAA SMID CAP VALUE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.7% (Continued)** |  |
|  | **Energy - 6.4% (Continued)** |  |
| 46324 | ConocoPhillips | $4336389 |
| 28807 | Innovex International, Inc.<sup>(a)</sup> | 630009 |
| 80842 | Noble Corp plc | 2282978 |
| 227924 | Nov, Inc. COM | 3562453 |
| 444111 | Patterson-UTI Energy, Inc. | 2713518 |
| 26240 | Weatherford International PLC | 2053542 |
|  |  | 18947978 |
|  | **Financials - 23.2%** |  |
| 24314 | American Financial Group, Inc. | 3323237 |
| 32687 | Ameris Bancorp | 2427663 |
| 156964 | Apollo Commercial Real Estate Finance, Inc. | 1519412 |
| 6563 | Assurant, Inc. | 1580699 |
| 62227 | Bank OZK | 2863687 |
| 54017 | CNO Financial Group, Inc. | 2294102 |
| 14702 | Enact Holdings, Inc. | 582787 |
| 5559 | Everest Group Ltd. | 1886447 |
| 184223 | First Horizon Corporation | 4402930 |
| 210462 | FNB Corp | 3598900 |
| 143912 | Fulton Financial Corporation | 2781819 |
| 8819 | GATX Corporation | 1495702 |
| 10115 | Goosehead Insurance, Inc., Class A<sup>(a)</sup> | 744970 |
| 11976 | Hanover Insurance Group, Inc. (The) | 2188854 |
| 15847 | Houlihan Lokey, Inc. | 2760389 |
| 38698 | Moelis & Company, Class A | 2660101 |
| 28474 | OFG Bancorp | 1166865 |
| 8623 | Piper Sandler Companies | 2929318 |
| 140095 | Provident Financial Services, Inc. | 2766876 |
| 25289 | Raymond James Financial, Inc. | 4061161 |
| 21634 | Reinsurance Group of America, Inc. | 4401653 |
| 22828 | SEI Investments Company | 1872353 |
| 34186 | Selective Insurance Group, Inc. | 2860342 |
| 28197 | Stifel Financial Corporation | 3530828 |
| 14045 | Trupanion, Inc.<sup>(a)</sup> | 524862 |
| 56424 | Unum Group | 4372859 |

---

---

| |
|:---|
| **NAA SMID CAP VALUE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.7% (Continued)** |  |
|  | **Financials - 23.2% (Continued)** |  |
| 41910 | Walker & Dunlop, Inc. | $2520887 |
|  |  | 68119703 |
|  | **Health Care - 3.6%** |  |
| 117725 | AdaptHealth Corporation<sup>(a)</sup> | 1172541 |
| 52187 | BioMarin Pharmaceutical, Inc.<sup>(a)</sup> | 3101473 |
| 22150 | Cardinal Health, Inc. | 4551825 |
| 27034 | Dexcom, Inc.<sup>(a)</sup> | 1794247 |
|  |  | 10620086 |
|  | **Industrials - 11.0%** |  |
| 60651 | ABM Industries, Inc. | 2565537 |
| 25399 | Alarm.com Holdings, Inc.<sup>(a)</sup> | 1295857 |
| 21421 | Arcosa, Inc. | 2277481 |
| 14046 | Exponent, Inc. | 975635 |
| 124766 | Hayward Holdings, Inc.<sup>(a)</sup> | 1927635 |
| 23606 | Matson, Inc. | 2916521 |
| 32621 | Nextpower, Inc., Class A<sup>(a)</sup> | 2841615 |
| 20741 | Oshkosh Corporation | 2605692 |
| 71302 | Resideo Technologies, Inc.<sup>(a)</sup> | 2504126 |
| 195806 | RXO, Inc.<sup>(a)</sup> | 2474988 |
| 26690 | SkyWest, Inc.<sup>(a)</sup> | 2679943 |
| 10542 | UniFirst Corporation | 2033552 |
| 3909 | United Rentals, Inc. | 3163632 |
| 115128 | WillScot Holdings Corporation | 2167860 |
|  |  | 32430074 |
|  | **Materials - 9.3%** |  |
| 93862 | Alcoa Corporation | 4987827 |
| 35479 | AptarGroup, Inc. | 4327019 |
| 12353 | Eagle Materials, Inc. | 2553118 |
| 16784 | Ecolab, Inc. | 4406136 |
| 14752 | Greif, Inc., Class A | 998710 |
| 38530 | Owens Corning | 4311892 |
| 15397 | Vulcan Materials Company | 4391532 |
| 6179 | WD-40 Company | 1216645 |
|  |  | 27192879 |

---

---

| |
|:---|
| **NAA SMID CAP VALUE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.7% (Continued)** |  |
|  | **Real Estate - 8.8%** |  |
| 32777 | Agree Realty Corporation | $2360927 |
| 37816 | American Assets Trust, Inc. | 715857 |
| 101632 | American Homes 4 Rent, Class A | 3262387 |
| 75071 | CubeSmart | 2706310 |
| 22697 | EPR Properties | 1132580 |
| 48531 | Equity LifeStyle Properties, Inc. | 2941464 |
| 35348 | Four Corners Property Trust, Inc. | 815125 |
| 31736 | Getty Realty Corporation | 868614 |
| 13180 | Jones Lang LaSalle, Inc.<sup>(a)</sup> | 4434675 |
| 63696 | NNN REIT, Inc. | 2524272 |
| 106652 | Rexford Industrial Realty, Inc. | 4129566 |
|  |  | 25891777 |
|  | **Technology - 11.1%** |  |
| 40093 | ACI Worldwide, Inc.<sup>(a)</sup> | 1916846 |
| 16088 | Broadridge Financial Solutions, Inc. | 3590360 |
| 29881 | CTS Corporation | 1280998 |
| 64601 | DoubleVerify Holdings, Inc.<sup>(a)</sup> | 739035 |
| 22955 | Euronet Worldwide, Inc.<sup>(a)</sup> | 1747105 |
| 78736 | KBR, Inc. | 3165187 |
| 18246 | Leidos Holdings, Inc. | 3291578 |
| 21338 | Maximus, Inc. | 1841896 |
| 7456 | Morningstar, Inc. | 1620263 |
| 39316 | NetScout Systems, Inc.<sup>(a)</sup> | 1063891 |
| 73595 | Nutanix, Inc., A<sup>(a)</sup> | 3804126 |
| 115926 | Payoneer Global, Inc.<sup>(a)</sup> | 651504 |
| 55766 | Photronics, Inc.<sup>(a)</sup> | 1784513 |
| 28054 | Q2 Holdings, Inc.<sup>(a)</sup> | 2024377 |
| 80254 | Teradata Corporation<sup>(a)</sup> | 2442932 |
| 59285 | Veeco Instruments, Inc.<sup>(a)</sup> | 1694365 |
|  |  | 32658976 |
|  | **Utilities - 5.0%** |  |
| 51797 | Avista Corporation | 1996256 |
| 32191 | Evergy, Inc. | 2333526 |
| 73254 | FirstEnergy Corporation | 3279582 |

---

---

| |
|:---|
| **NAA SMID CAP VALUE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.7% (Continued)** |  |
|  | **Utilities - 5.0% (Continued)** |  |
| 37515 | H2O America | $1837860 |
| 87783 | OGE Energy Corporation | 3748333 |
| 16405 | Pinnacle West Capital Corporation | 1455124 |
|  |  | 14650681 |
|  | **TOTAL COMMON STOCKS (Cost $281,425,881)** | 290015384 |
|  | **EXCHANGE-TRADED FUNDS — 1.0%** |  |
|  | **Equity - 1.0%** |  |
| 14098 | Vanguard Small-Cap Value ETF | 2985815 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $2,980,420)** |  |
|  | **TOTAL INVESTMENTS - 99.7% (Cost $284,406,301)** | $293001199 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.3%** | 929013 |
|  | **NET ASSETS - 100.0%** | $293930212 |

---

<sup>(a)</sup> Non-income producing security.

ETF - Exchange-Traded Fund

Ltd. - Limited Company

PLC - Public Limited Company

REIT - Real Estate Investment Trust

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** New Age Alpha Funds Trust

- **b. Investment Company Act file number:** 811-23945

- **c. CIK number of Registrant:** 0002013853

- **d. LEI of Registrant:** 529900860B9CQ8SDNS27

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

  - **Street Address 1:** 555 Theodore Fremd Avenue

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580

  - **Telephone number:** 212-922-2699

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

- **a. Name of Series:** NAA SMID CAP VALUE FUND

- **b. EDGAR series identifier (if any):** S000087631

- **c. LEI of Series:** 529900TVW1UO9UWGD856

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $294571736.05

**Total Liabilities:** $641523.86

**Net Assets:** $293930212.19

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253493 | -1.32%               | 2.27%                | 0.01%                |
| Class ID C000253494 | -1.38%               | 2.17%                | -0.06%               |
| Class ID C000253495 | -1.30%               | 2.25%                | -0.02%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $547157.42               | $-4662220.80                               |
| Month 2  | $745108.93               | $5598518.60                                |
| Month 3  | $15285866.41             | $-15532478.29                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABM Industries Inc.                         | ABM Industries, Inc.                        | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     60651 | NS      | $2565537.30   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                           | ACI Worldwide, Inc.                         | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |     40093 | NS      | $1916846.33   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corporation                     | AdaptHealth Corporation                     | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    117725 | NS      | $1172541.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                           | Agree Realty Corporation                    | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |     32777 | NS      | $2360927.31   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc.                     | Alarm.com Holdings, Inc.                    | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |     25399 | NS      | $1295856.98   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Companies Inc.                   | Albertsons Companies, Inc.                  | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |    234790 | NS      | $4031344.30   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corporation                           | Alcoa Corporation                           | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     93862 | NS      | $4987826.68   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc.                  | American Assets Trust, Inc. REIT            | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37816 | NS      | $715856.88    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.              | American Financial Group Inc                | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     24314 | NS      | $3323237.52   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                       | American Homes 4 Rent Class A               | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    101632 | NS      | $3262387.20   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                              | Ameris Bancorp                              | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     32687 | NS      | $2427663.49   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc. | Apollo Commercial Real Estate Finance, Inc. | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |    156964 | NS      | $1519411.52   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptargroup Inc.                             | AptarGroup, Inc.                            | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     35479 | NS      | $4327018.84   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                  | Arcosa, Inc.                                | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     21421 | NS      | $2277480.72   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc.                               | Assurant, Inc.                              | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      6563 | NS      | $1580698.55   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Autoliv Inc.                                | Autoliv, Inc.                               | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | SE        |     35241 | NS      | $4183106.70   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                          | Avista Corporation                          | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     51797 | NS      | $1996256.38   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                    | Bank OZK                                    | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     62227 | NS      | $2863686.54   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Intermediate Holdings Inc.         | BellRing Brands, Inc.                       | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     46195 | NS      | $1234792.35   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Biomarin Pharmaceutical Inc.                | BioMarin Pharmaceutical, Inc.               | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     52187 | NS      | $3101473.41   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.         | Broadridge Financial Solutions, Inc.        | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     16088 | NS      | $3590358.96   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                   | CNO Financial Group, Inc.                   | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     54017 | NS      | $2294101.99   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corporation                             | CTS Corporation                             | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     29881 | NS      | $1280998.47   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp                | Topgolf Callaway Brands Corporation         | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |     59231 | NS      | $691225.77    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                       | Cardinal Health, Inc.                       | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     22150 | NS      | $4551825.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Carters Inc.                                | Carter's, Inc.                              | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     43700 | NS      | $1417191.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                              | ConocoPhillips                              | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     46324 | NS      | $4336389.64   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart (Maryland)                        | CubeSmart REIT                              | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75071 | NS      | $2706309.55   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants, Inc.                    | Darden Restaurants, Inc.                    | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     15215 | NS      | $2799864.30   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                                  | Dexcom, Inc.                                | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     27034 | NS      | $1794246.58   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                             | Dollar Tree, Inc.                           | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     24763 | NS      | $3046096.63   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings Inc                   | DOUBLEVERIFY HOLDINGS INC COM               | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64601 | NS      | $739035.44    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                              | EPR Properties REIT                         | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     22697 | NS      | $1132580.30   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                        | Eagle Materials, Inc.                       | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     12353 | NS      | $2553118.04   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                 | Ecolab, Inc.                                | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     16784 | NS      | $4406135.68   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings Inc                          | Enact Holdings, Inc.                        | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |     14702 | NS      | $582787.28    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Lifestyle Properties Inc             | Equity LifeStyle Properties, Inc. REIT      | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     48531 | NS      | $2941463.91   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide, Inc.                     | Euronet Worldwide, Inc.                     | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     22955 | NS      | $1747105.05   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                  | Evergy, Inc.                                | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     32191 | NS      | $2333525.59   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                                | Exponent, Inc.                              | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |     14046 | NS      | $975635.16    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| F N B Corp (Pennsylvania)                   | FNB Corp                                    | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    210462 | NS      | $3598900.20   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation                   | First Horizon Corporation                   | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    184223 | NS      | $4402929.70   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                           | FirstEnergy Corporation                     | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     73254 | NS      | $3279581.58   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc.            | Four Corners Property Trust, Inc.           | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     35348 | NS      | $815124.88    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corporation                | Fulton Financial Corporation                | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |    143912 | NS      | $2781818.96   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corporation                            | GATX Corporation                            | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |      8819 | NS      | $1495702.40   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp                           | Getty Realty Corporation                    | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     31736 | NS      | $868614.32    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc                     | Goosehead Insurance, Inc.                   | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |     10115 | NS      | $744969.75    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc.                   | Green Brick Partners, Inc.                  | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     15601 | NS      | $977558.66    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Greif, Inc.                                 | Greif, Inc. Class A                         | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |     14752 | NS      | $998710.40    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                    | Group 1 Automotive, Inc.                    | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      7190 | NS      | $2827827.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.           | Hanover Insurance Group, Inc. (The)         | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     11976 | NS      | $2188853.52   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                        | Hayward Holdings, Inc. Class A              | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124766 | NS      | $1927634.70   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc.                         | Houlihan Lokey, Inc.                        | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     15847 | NS      | $2760388.93   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc.                  | Innovex International, Inc.                 | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     28807 | NS      | $630009.09    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated             | Jones Lang LaSalle, Inc.                    | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     13180 | NS      | $4434674.60   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                     | KBR, Inc.                                   | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     78736 | NS      | $3165187.20   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corporation                            | Lear Corporation                            | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     28869 | NS      | $3308387.40   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                         | Leidos Holdings, Inc.                       | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     18246 | NS      | $3291578.40   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                    | Lululemon Athletica, Inc.                   | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |     13263 | NS      | $2756184.03   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                   | MGM Resorts International                   | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |     43937 | NS      | $1603261.13   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc.                              | Maplebear, Inc.                             | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96348 | NS      | $4333733.04   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                             | Match Group, Inc.                           | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     34629 | NS      | $1118170.41   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                  | Matson, Inc.                                | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     23606 | NS      | $2916521.30   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                                | Mattel, Inc.                                | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    112823 | NS      | $2238408.32   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                 | Maximus, Inc.                               | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     21338 | NS      | $1841896.16   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Mister Car Wash Inc                         | Mister Car Wash, Inc.                       | CUSIP: 60646V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106219 | NS      | $590577.64    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co.                                | Moelis & Company                            | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     38698 | NS      | $2660100.52   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                             | Morningstar, Inc.                           | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      7456 | NS      | $1620263.36   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc.                                    | Nov, Inc. COM                               | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    227924 | NS      | $3562452.12   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                                | NNN REIT, Inc. REIT                         | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     63696 | NS      | $2524272.48   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSCOUT Systems Inc.                       | NetScout Systems, Inc.                      | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     39316 | NS      | $1063890.96   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc.                              | NEXTracker, Inc.                            | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32621 | NS      | $2841615.31   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                     | Nexstar Media Group, Inc.                   | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      7516 | NS      | $1526123.80   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                 | Nutanix, Inc. CLASS A                       | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     73595 | NS      | $3804125.55   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corporation                      | OGE Energy Corporation                      | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     87783 | NS      | $3748334.10   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                 | OFG Bancorp                                 | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     28474 | NS      | $1166864.52   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                          | Chord Energy Corporation                    | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     36344 | NS      | $3369088.80   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                           | Omnicom Group, Inc.                         | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     37329 | NS      | $3014316.75   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corporation                         | Oshkosh Corporation                         | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     20741 | NS      | $2605691.83   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                               | Owens Corning                               | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     38530 | NS      | $4311892.30   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc.                   | Patterson-UTI Energy, Inc.                  | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    444111 | NS      | $2713518.21   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc.                        | Payoneer Global, Inc.                       | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Long             | EC               | CORP              | US        |    115926 | NS      | $651504.12    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group, Inc.               | Penske Automotive Group, Inc.               | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |     10953 | NS      | $1733750.37   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc.                             | Photronics, Inc.                            | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     55766 | NS      | $1784512.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.                 | Pinnacle West Capital Corporation           | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     16405 | NS      | $1455123.50   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                     | Piper Sandler Cos                           | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      8623 | NS      | $2929319.33   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc.                          | PROG Holdings, Inc.                         | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     47513 | NS      | $1401158.37   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services Inc.           | Provident Financial Services, Inc.          | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |    140095 | NS      | $2766876.25   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                             | Q2 Holdings, Inc.                           | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     28054 | NS      | $2024376.64   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp.              | Quanex Building Products Corporation        | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |     47389 | NS      | $728842.82    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc.                                    | RXO, Inc.                                   | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |    195806 | NS      | $2474987.84   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc.                | Raymond James Financial, Inc.               | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     25289 | NS      | $4061160.51   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America, Incorporated  | Reinsurance Group of America, Inc.          | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     21634 | NS      | $4401653.64   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                    | Resideo Technologies, Inc.                  | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     71302 | NS      | $2504126.24   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc.              | Rexford Industrial Realty, Inc.             | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    106652 | NS      | $4129565.44   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                          | SEI Investments Company                     | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     22828 | NS      | $1872352.56   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                                 | H2O America                                 | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37515 | NS      | $1837859.85   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc.              | Selective Insurance Group, Inc.             | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     34186 | NS      | $2860342.62   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corporation International           | Service Corp International                  | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |     39366 | NS      | $3069367.02   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Company                   | Simply Good Foods Company (The)             | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105505 | NS      | $2118540.40   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc.                         | Champion Homes, Inc.                        | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34083 | NS      | $2880013.50   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Skywest Inc                                 | SkyWest, Inc.                               | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     26690 | NS      | $2679942.90   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive, Inc.                      | Sonic Automotive, Inc.                      | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |     18011 | NS      | $1114160.46   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc                 | Sprouts Farmers Market, Inc.                | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     36615 | NS      | $2917117.05   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation                | Stifel Financial Corporation                | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     28197 | NS      | $3530828.34   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                               | Teradata Corporation                        | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     80254 | NS      | $2442931.76   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Trupanion Inc                               | Trupanion, Inc.                             | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |     14045 | NS      | $524861.65    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Unifirst Corp                               | UniFirst Corp                               | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |     10542 | NS      | $2033551.80   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                        | United Rentals, Inc.                        | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      3909 | NS      | $3163631.88   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                  | Unum Group                                  | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     56424 | NS      | $4372860.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc.                      | Veeco Instruments, Inc.                     | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     59285 | NS      | $1694365.30   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                        | Vanguard Small-Cap Value ETF                | CUSIP: 922908611<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     14098 | NS      | $2985815.42   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company                    | Vulcan Materials Company                    | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     15397 | NS      | $4391532.34   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co.                                   | WD-40 Company                               | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      6179 | NS      | $1216645.10   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc.                        | Walker & Dunlop, Inc.                       | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41910 | NS      | $2520886.50   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corporation               | WillScot Holdings Corporation               | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    115128 | NS      | $2167860.24   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                           | YETI Holdings, Inc.                         | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     41705 | NS      | $1842109.85   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | BBH Overnight Sweep                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |    756774 | PA      | $756774.06    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                           | Everest Group Ltd.                          | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      5559 | NS      | $1886446.65   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International Plc               | Weatherford International plc               | CUSIP: G48833118<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | US        |     26240 | NS      | $2053542.40   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corporation PLC                       | Noble Corp plc                              | CUSIP: G65431127<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | US        |     80842 | NS      | $2282978.08   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** New Age Alpha Funds Trust

**Signature:** Keith D. Kemp

**Name of Signer:** Keith D. Kemp

**Title:** President