# EDGAR Filing Document

**Accession Number:** 0001724826
**File Stem:** 0001003715-25-001296
**Filing Date:** 2025-11
**Character Count:** 424546
**Document Hash:** 980b66e411e73e299dea3b6f33f1c4e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001003715-25-001296.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001003715-25-001296

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Six Circles Trust
- **CENTRAL INDEX KEY:** 0001724826

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23325
- **FILM NUMBER:** 251516516

**BUSINESS ADDRESS:**
- **STREET 1:** C/O J.P. MORGAN PRIVATE INVESTMENTS INC.
- **STREET 2:** 383 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10179
- **BUSINESS PHONE:** 212-270-6000

**MAIL ADDRESS:**
- **STREET 1:** C/O J.P. MORGAN PRIVATE INVESTMENTS INC.
- **STREET 2:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 23Wall Trust
- **DATE OF NAME CHANGE:** 20171208

## Series and Classes Contracts Data

### Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (Series ID: S000063724)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000206545 | Six Circles Managed Equity Portfolio U.S. Unconstrained Fund | CMEUX           |

## Nport-Ex

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — 99.6%** |  |  |
|  **Basic Materials — 0.4%** |  |  |
|  **Chemicals — 0.3%** |  |  |
|  Air Products & Chemicals, Inc. | 26 | 7030 |
|  CF Industries Holdings, Inc. | 19 | 1669 |
|  Dow, Inc. | 89 | 2040 |
|  DuPont de Nemours, Inc. | 51 | 3985 |
|  Ecolab, Inc. | 27 | 7471 |
|  International Flavors & Fragrances, Inc. | 23 | 1437 |
|  Linde plc | 58 | 27398 |
|  LyondellBasell Industries NV, Class A | 33 | 1639 |
|  Nutrien Ltd., (Canada) | 28 | 1634 |
|  PPG Industries, Inc. | 22 | 2268 |
|  RPM International, Inc. | 7 | 867 |
|  Sherwin-Williams Co. (The) | 27 | 9311 |
|  |  | 66749 |
|  **Forest Products & Paper** — **0.0% (g)** |  |  |
|  International Paper Co. | 68 | 3173 |
|  **Iron/Steel** — **0.0% (g)** |  |  |
|  Nucor Corp. | 30 | 4079 |
|  Reliance, Inc. | 6 | 1627 |
|  Steel Dynamics, Inc. | 18 | 2449 |
|  |  | 8155 |
|  **Mining** — **0.1%** |  |  |
|  Agnico Eagle Mines Ltd., (Canada) | 29 | 4837 |
|  Alamos Gold, Inc., (Canada), Class A | 24 | 837 |
|  Barrick Mining Corp., (Canada) | 97 | 3197 |
|  Cameco Corp., (Canada) | 25 | 2085 |
|  First Quantum Minerals Ltd., (Canada) (a) | 40 | 915 |
|  Franco-Nevada Corp., (Canada) | 11 | 2447 |
|  Freeport-McMoRan, Inc. | 145 | 5674 |
|  Ivanhoe Mines Ltd., (Canada), Class A (a) | 42 | 451 |
|  Kinross Gold Corp., (Canada) | 70 | 1737 |
|  Lundin Gold, Inc., (Canada) | 6 | 401 |
|  Lundin Mining Corp., (Canada), Class Common S | 39 | 583 |
|  Newmont Corp. | 120 | 10102 |
|  Pan American Silver Corp., (Canada) | 24 | 933 |
|  Teck Resources Ltd., (Canada), Class B | 27 | 1166 |
|  Wheaton Precious Metals Corp., (Canada) | 26 | 2898 |
|  |  | 38263 |
|  Total Basic Materials |  | 116340 |
|  **Communications** — **18.5%** |  |  |
|  **Advertising** — **0.0% (g)** |  |  |
|  Omnicom Group, Inc. | 54 | 4412 |
|  Trade Desk, Inc. (The), Class A (a) | 112 | 5487 |
|  |  | 9899 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Internet** — **16.0%** |  |  |
|  Airbnb, Inc., Class A (a) | 238 | 28847 |
|  Alphabet, Inc., Class A | 2781 | 676066 |
|  Alphabet, Inc., Class C | 2355 | 573594 |
|  Amazon.com, Inc. (a) | 4530 | 994714 |
|  AppLovin Corp., Class A (a) | 262 | 188028 |
|  Booking Holdings, Inc. | 60 | 326154 |
|  CDW Corp. | 58 | 9289 |
|  DoorDash, Inc., Class A (a) | 103 | 27890 |
|  eBay, Inc. | 212 | 19279 |
|  Expedia Group, Inc. | 55 | 11695 |
|  F5, Inc. (a) | 24 | 7822 |
|  Gen Digital, Inc. | 227 | 6445 |
|  GoDaddy, Inc., Class A (a) | 46 | 6317 |
|  MercadoLibre, Inc., (Uruguay) (a) | 21 | 50225 |
|  Meta Platforms, Inc., Class A | 1038 | 762267 |
|  Netflix, Inc. (a) | 193 | 231218 |
|  Palo Alto Networks, Inc. (a) | 292 | 59535 |
|  Pinterest, Inc., Class A (a) | 274 | 8823 |
|  Reddit, Inc., Class A (a) | 50 | 11499 |
|  Robinhood Markets, Inc., Class A (a) | 89 | 12693 |
|  Shopify, Inc., (Canada), Class A (a) | 70 | 10344 |
|  Snap, Inc., Class A (a) | 500 | 3851 |
|  Uber Technologies, Inc. (a) | 687 | 67289 |
|  VeriSign, Inc. | 25 | 6953 |
|  Zillow Group, Inc., Class C (a) | 22 | 1679 |
|  |  | 4102516 |
|  **Media** — **0.5%** |  |  |
|  Charter Communications, Inc., Class A (a) | 22 | 6003 |
|  Comcast Corp., Class A | 934 | 29332 |
|  FactSet Research Systems, Inc. | 5 | 1309 |
|  Fox Corp., Class A | 49 | 3091 |
|  Fox Corp., Class B | 55 | 3166 |
|  Liberty Media Corp-Liberty Formula One, Class C (a) | 59 | 6171 |
|  News Corp., Class A | 145 | 4460 |
|  Thomson Reuters Corp., (Canada) | 9 | 1397 |
|  Walt Disney Co. (The) | 465 | 53279 |
|  Warner Bros Discovery, Inc. (a) | 645 | 12594 |
|  |  | 120802 |
|  **Telecommunications** — **2.0%** |  |  |
|  Arista Networks, Inc. (a) | 454 | 66104 |
|  AT&T, Inc. | 1868 | 52764 |
|  BCE, Inc., (Canada) | 4 | 100 |
|  Cisco Systems, Inc. | 3785 | 258961 |
|  Corning, Inc. | 353 | 28966 |
|  Motorola Solutions, Inc. | 71 | 32573 |
|  Rogers Communications, Inc., (Canada), Class B | 21 | 717 |
|  TELUS Corp., (Canada) | 29 | 452 |
|  T-Mobile US, Inc. | 156 | 37335 |
|  Verizon Communications, Inc. | 1086 | 47733 |
|  |  | 525705 |
|  Total Communications |  | 4758922 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Consumer Cyclical** — **8.6%** |  |  |
|  **Airlines** — **0.0% (g)** |  |  |
|  Delta Air Lines, Inc. | 25 | 1408 |
|  United Airlines Holdings, Inc. (a) | 13 | 1230 |
|  |  | 2638 |
|  **Apparel** — **0.1%** |  |  |
|  Deckers Outdoor Corp. (a) | 31 | 3135 |
|  Gildan Activewear, Inc., (Canada), Class A | 8 | 470 |
|  NIKE, Inc., Class B | 269 | 18762 |
|  Tapestry, Inc. | 49 | 5567 |
|  |  | 27934 |
|  **Auto Manufacturers** — **2.1%** |  |  |
|  Cummins, Inc. | 23 | 9918 |
|  Ford Motor Co. | 1364 | 16319 |
|  General Motors Co. | 336 | 20477 |
|  PACCAR, Inc. | 88 | 8613 |
|  Rivian Automotive, Inc., Class A (a) | 262 | 3848 |
|  Tesla, Inc. (a) | 1088 | 483662 |
|  |  | 542837 |
|  **Auto Parts & Equipment** — **0.0% (g)** |  |  |
|  Aptiv plc, (Ireland) (a) | 52 | 4470 |
|  Magna International, Inc., (Canada) | 15 | 723 |
|  Titan International, Inc. (a) | 87 | 659 |
|  |  | 5852 |
|  **Distribution/Wholesale** — **0.1%** |  |  |
|  Copart, Inc. (a) | 127 | 5691 |
|  Fastenal Co. | 176 | 8644 |
|  Pool Corp. | 5 | 1612 |
|  RB Global, Inc. | 11 | 1145 |
|  Toromont Industries Ltd., (Canada) | 5 | 514 |
|  Watsco, Inc. | 5 | 1880 |
|  WW Grainger, Inc. | 7 | 6679 |
|  |  | 26165 |
|  **Entertainment** — **0.1%** |  |  |
|  DraftKings, Inc., Class A (a) | 89 | 3318 |
|  Flutter Entertainment plc (a) | 39 | 9845 |
|  Live Nation Entertainment, Inc. (a) | 43 | 6982 |
|  |  | 20145 |
|  **Home Builders** — **1.3%** |  |  |
|  DR Horton, Inc. | 747 | 126524 |
|  Lennar Corp., Class A | 611 | 77022 |
|  NVR, Inc. (a) | 8 | 61216 |
|  PulteGroup, Inc. | 527 | 69673 |
|  |  | 334435 |
|  **Leisure Time** — **0.2%** |  |  |
|  Carnival Corp. (a) | 512 | 14806 |
|  Norwegian Cruise Line Holdings Ltd. (a) | 96 | 2368 |
|  Royal Caribbean Cruises Ltd. | 119 | 38637 |
|  |  | 55811 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Lodging** — **0.3%** |  |  |
|  Hilton Worldwide Holdings, Inc. | 112 | 29127 |
|  Hyatt Hotels Corp., Class A | 20 | 2852 |
|  Las Vegas Sands Corp. | 69 | 3733 |
|  Marriott International, Inc., Class A | 109 | 28373 |
|  |  | 64085 |
|  **Retail** — **4.4%** |  |  |
|  Alimentation Couche-Tard, Inc., (Canada) | 43 | 2309 |
|  AutoZone, Inc. (a) | 4 | 15844 |
|  Best Buy Co., Inc. | 45 | 3395 |
|  Burlington Stores, Inc. (a) | 14 | 3464 |
|  Canadian Tire Corp. Ltd., (Canada), Class A | 3 | 342 |
|  Carvana Co., Class A (a) | 29 | 10832 |
|  Chipotle Mexican Grill, Inc., Class A (a) | 298 | 11675 |
|  Costco Wholesale Corp. | 82 | 75747 |
|  Darden Restaurants, Inc. | 26 | 4951 |
|  Dick's Sporting Goods, Inc. | 14 | 3076 |
|  Dollar General Corp. | 27 | 2779 |
|  Dollar Tree, Inc. (a) | 23 | 2159 |
|  Dollarama, Inc., (Canada) | 16 | 2087 |
|  Domino's Pizza, Inc. | 6 | 2549 |
|  Ferguson Enterprises, Inc. | 30 | 6778 |
|  Genuine Parts Co. | 31 | 4314 |
|  Home Depot, Inc. (The) | 229 | 92910 |
|  Lowe's Cos., Inc. | 126 | 31645 |
|  Lululemon Athletica, Inc., (Canada) (a) | 24 | 4210 |
|  McDonald's Corp. | 163 | 49497 |
|  O'Reilly Automotive, Inc. (a) | 191 | 20556 |
|  Restaurant Brands International, Inc., (Canada) | 18 | 1139 |
|  Ross Stores, Inc. | 71 | 10780 |
|  Star Group LP | 8 | 100 |
|  Starbucks Corp. | 256 | 21695 |
|  Target Corp. | 48 | 4279 |
|  TJX Cos., Inc. (The) | 504 | 72840 |
|  Tractor Supply Co. | 116 | 6587 |
|  Ulta Beauty, Inc. (a) | 10 | 5238 |
|  Walmart, Inc. | 6101 | 628740 |
|  Williams-Sonoma, Inc. | 27 | 5308 |
|  Yum! Brands, Inc. | 59 | 8905 |
|  |  | 1116730 |
|  Total Consumer Cyclical |  | 2196632 |
|  **Consumer Non-cyclical** — **15.0%** |  |  |
|  **Agriculture** — **0.5%** |  |  |
|  Altria Group, Inc. | 184 | 12180 |
|  Archer-Daniels-Midland Co. | 69 | 4100 |
|  Bunge Global SA | 20 | 1600 |
|  Philip Morris International, Inc. | 690 | 111908 |
|  |  | 129788 |
|  **Beverages** — **1.1%** |  |  |
|  Brown-Forman Corp., Class B | 44 | 1202 |
|  Coca-Cola Co. (The) | 2829 | 187639 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Beverages** — **continued** |  |  |
|  Constellation Brands, Inc., Class A | 48 | 6477 |
|  Keurig Dr Pepper, Inc. | 441 | 11259 |
|  Molson Coors Beverage Co., Class B | 60 | 2713 |
|  Monster Beverage Corp. (a) | 241 | 16196 |
|  PepsiCo., Inc. | 473 | 66492 |
|  |  | 291978 |
|  **Biotechnology** — **0.9%** |  |  |
|  Alnylam Pharmaceuticals, Inc. (a) | 50 | 23013 |
|  Amgen, Inc. | 211 | 59543 |
|  Biogen, Inc. (a) | 59 | 8227 |
|  BioMarin Pharmaceutical, Inc. (a) | 72 | 3896 |
|  Corteva, Inc. | 82 | 5561 |
|  Gilead Sciences, Inc. | 482 | 53531 |
|  Illumina, Inc. (a) | 50 | 4717 |
|  Incyte Corp. (a) | 62 | 5277 |
|  Regeneron Pharmaceuticals, Inc. | 41 | 23033 |
|  Royalty Pharma plc, Class A | 29 | 1017 |
|  United Therapeutics Corp. (a) | 16 | 6789 |
|  Vertex Pharmaceuticals, Inc. (a) | 99 | 38828 |
|  |  | 233432 |
|  **Commercial Services** — **0.5%** |  |  |
|  Affirm Holdings, Inc., Class A (a) | 30 | 2180 |
|  Automatic Data Processing, Inc. | 66 | 19332 |
|  Block, Inc., Class A (a) | 65 | 4681 |
|  Booz Allen Hamilton Holding Corp., Class A | 19 | 1851 |
|  Cadiz, Inc. (a) | 19 | 91 |
|  Cintas Corp. | 62 | 12756 |
|  Corpay, Inc. (a) | 8 | 2197 |
|  Element Fleet Management Corp., (Canada) | 23 | 594 |
|  Equifax, Inc. | 20 | 5232 |
|  Global Payments, Inc. | 28 | 2313 |
|  Moody's Corp. | 22 | 10299 |
|  PayPal Holdings, Inc. (a) | 114 | 7655 |
|  Quanta Services, Inc. | 24 | 10130 |
|  Rollins, Inc. | 56 | 3304 |
|  S&P Global, Inc. | 39 | 19089 |
|  Toast, Inc., Class A (a) | 56 | 2032 |
|  TransUnion | 31 | 2626 |
|  U-Haul Holding Co. | 21 | 1058 |
|  United Rentals, Inc. | 10 | 9693 |
|  Verisk Analytics, Inc., Class A | 20 | 5076 |
|  |  | 122189 |
|  **Cosmetics/Personal Care** — **0.7%** |  |  |
|  Colgate-Palmolive Co. | 76 | 6059 |
|  Estee Lauder Cos., Inc. (The), Class A | 25 | 2227 |
|  Kenvue, Inc. | 215 | 3488 |
|  Procter & Gamble Co. (The) | 1073 | 164837 |
|  |  | 176611 |
|  **Food** — **0.2%** |  |  |
|  Albertsons Cos., Inc., Class A | 62 | 1084 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Food** — **continued** |  |  |
|  Empire Co. Ltd., (Canada), Class A | 7 | 260 |
|  General Mills, Inc. | 61 | 3064 |
|  George Weston Ltd., (Canada) | 10 | 605 |
|  Hershey Co. (The) | 15 | 2879 |
|  Hormel Foods Corp. | 36 | 879 |
|  J M Smucker Co. (The) | 9 | 1012 |
|  Kellanova | 33 | 2702 |
|  Kraft Heinz Co. (The) | 123 | 3211 |
|  Kroger Co. (The) | 83 | 5575 |
|  Loblaw Cos. Ltd., (Canada) | 34 | 1317 |
|  McCormick & Co., Inc. | 22 | 1480 |
|  Metro, Inc., (Canada) | 12 | 794 |
|  Mondelez International, Inc., Class A | 160 | 9971 |
|  Saputo, Inc., (Canada) | 14 | 344 |
|  Sysco Corp. | 54 | 4469 |
|  Tyson Foods, Inc., Class A | 46 | 2484 |
|  |  | 42130 |
|  **Healthcare - Products** — **4.6%** |  |  |
|  Abbott Laboratories | 420 | 56271 |
|  Agilent Technologies, Inc. | 92 | 11866 |
|  Align Technology, Inc. (a) | 8 | 1037 |
|  Baxter International, Inc. | 70 | 1584 |
|  Boston Scientific Corp. (a) | 2509 | 244953 |
|  Cooper Cos., Inc. (The) (a) | 17 | 1177 |
|  Danaher Corp. | 1584 | 313954 |
|  Edwards Lifesciences Corp. (a) | 91 | 7071 |
|  GE HealthCare Technologies, Inc. | 76 | 5725 |
|  Hologic, Inc. (a) | 30 | 2011 |
|  IDEXX Laboratories, Inc. (a) | 13 | 8244 |
|  Insulet Corp. (a) | 11 | 3395 |
|  Intuitive Surgical, Inc. (a) | 144 | 64267 |
|  Medtronic plc, (Ireland) | 218 | 20742 |
|  Natera, Inc. (a) | 49 | 7927 |
|  ResMed, Inc. | 24 | 6488 |
|  Revvity, Inc. | 40 | 3463 |
|  Solventum Corp. (a) | 16 | 1169 |
|  STERIS plc | 14 | 3522 |
|  Stryker Corp. | 168 | 62224 |
|  Thermo Fisher Scientific, Inc. | 695 | 336921 |
|  Waters Corp. (a) | 19 | 5570 |
|  West Pharmaceutical Services, Inc. | 22 | 5741 |
|  Zimmer Biomet Holdings, Inc. | 27 | 2658 |
|  |  | 1177980 |
|  **Healthcare - Services** — **1.2%** |  |  |
|  Centene Corp. (a) | 62 | 2210 |
|  Cigna Group (The) | 33 | 9551 |
|  DaVita, Inc. (a) | 2 | 317 |
|  Elevance Health, Inc. | 25 | 8027 |
|  HCA Healthcare, Inc. | 21 | 9039 |
|  Humana, Inc. | 14 | 3566 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Healthcare - Services** — **continued** |  |  |
|  IQVIA Holdings, Inc. (a) | 58 | 10941 |
|  Labcorp Holdings, Inc. | 9 | 2498 |
|  Molina Healthcare, Inc. (a) | 6 | 1085 |
|  Quest Diagnostics, Inc. | 12 | 2260 |
|  UnitedHealth Group, Inc. | 725 | 250502 |
|  Universal Health Services, Inc., Class B | 5 | 1094 |
|  |  | 301090 |
|  **Household Products/Wares — 0.0% (g)** |  |  |
|  Avery Dennison Corp. | 10 | 1637 |
|  Church & Dwight Co., Inc. | 20 | 1792 |
|  Clorox Co. (The) | 6 | 747 |
|  Kimberly-Clark Corp. | 36 | 4530 |
|  |  | 8706 |
|  **Pharmaceuticals** — **5.3%** |  |  |
|  AbbVie, Inc. | 686 | 158740 |
|  Becton Dickinson & Co. | 47 | 8809 |
|  Bristol-Myers Squibb Co. | 864 | 38947 |
|  Cardinal Health, Inc. | 29 | 4509 |
|  Cencora, Inc. | 24 | 7580 |
|  CVS Health Corp. | 4479 | 337674 |
|  Dexcom, Inc. (a) | 64 | 4319 |
|  Eli Lilly & Co. | 542 | 413371 |
|  Johnson & Johnson | 1036 | 192093 |
|  McKesson Corp. | 15 | 11536 |
|  Merck & Co., Inc. | 1066 | 89445 |
|  Neurocrine Biosciences, Inc. (a) | 36 | 5021 |
|  Pfizer, Inc. | 2442 | 62219 |
|  Viatris, Inc. | 364 | 3605 |
|  Zoetis, Inc., Class A | 185 | 27096 |
|  |  | 1364964 |
|  Total Consumer Non-cyclical |  | 3848868 |
|  **Energy** — **3.9%** |  |  |
|  **Coal** — **0.0% (g)** |  |  |
|  Hallador Energy Co. (a) | 9 | 170 |
|  **Energy - Alternate Sources** — **0.1%** |  |  |
|  First Solar, Inc. (a) | 48 | 10564 |
|  Montauk Renewables, Inc. (a) | 18 | 37 |
|  Spruce Power Holding Corp. (a) | 2 | 5 |
|  XPLR Infrastructure LP | 27 | 275 |
|  |  | 10881 |
|  **Oil & Gas** — **2.9%** |  |  |
|  ARC Resources Ltd., (Canada) | 33 | 608 |
|  Canadian Natural Resources Ltd., (Canada) | 119 | 3819 |
|  Cenovus Energy, Inc., (Canada) | 77 | 1315 |
|  Chevron Corp. | 1106 | 171759 |
|  ConocoPhillips | 720 | 68136 |
|  Coterra Energy, Inc. | 414 | 9780 |
|  Devon Energy Corp. | 348 | 12192 |
|  Diamondback Energy, Inc. | 113 | 16160 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Oil & Gas** — **continued** |  |  |
|  EOG Resources, Inc. | 308 | 34563 |
|  EQT Corp. | 334 | 18197 |
|  Expand Energy Corp. | 128 | 13609 |
|  Exxon Mobil Corp. | 2442 | 275285 |
|  Imperial Oil Ltd., (Canada) | 10 | 922 |
|  Marathon Petroleum Corp. | 172 | 33084 |
|  Occidental Petroleum Corp. | 418 | 19733 |
|  Phillips 66 | 228 | 30950 |
|  Suncor Energy, Inc., (Canada) | 70 | 2931 |
|  Texas Pacific Land Corp. | 11 | 10046 |
|  Tourmaline Oil Corp., (Canada) | 21 | 904 |
|  Valero Energy Corp. | 178 | 30303 |
|  Whitecap Resources, Inc., (Canada), Class Common S | 70 | 536 |
|  |  | 754832 |
|  **Oil & Gas Services** — **0.3%** |  |  |
|  Baker Hughes Co., Class A | 573 | 27927 |
|  Halliburton Co. | 492 | 12115 |
|  Schlumberger NV | 851 | 29246 |
|  |  | 69288 |
|  **Pipelines** — **0.6%** |  |  |
|  Cheniere Energy, Inc. | 122 | 28658 |
|  Enbridge, Inc., (Canada) | 124 | 6276 |
|  Keyera Corp., (Canada) | 13 | 439 |
|  Kinder Morgan, Inc. | 1105 | 31294 |
|  ONEOK, Inc. | 344 | 25134 |
|  Pembina Pipeline Corp., (Canada), Class Common S | 33 | 1340 |
|  Targa Resources Corp. | 116 | 19513 |
|  TC Energy Corp., (Canada) | 59 | 3225 |
|  Williams Cos., Inc. (The) | 674 | 42686 |
|  |  | 158565 |
|  Total Energy |  | 993736 |
|  **Financial** — **8.5%** |  |  |
|  **Banks** — **3.0%** |  |  |
|  Bank of America Corp. | 3013 | 155417 |
|  Bank of Montreal, (Canada) | 41 | 5341 |
|  Bank of New York Mellon Corp. (The) | 95 | 10375 |
|  Bank of Nova Scotia (The), (Canada) | 71 | 4596 |
|  Canadian Imperial Bank of Commerce, (Canada) | 53 | 4256 |
|  Citigroup, Inc. | 397 | 40246 |
|  Citizens Financial Group, Inc. | 115 | 6104 |
|  Fifth Third Bancorp | 360 | 16030 |
|  First Citizens BancShares, Inc., Class A | 3 | 5051 |
|  Goldman Sachs Group, Inc. (The) | 40 | 32113 |
|  Huntington Bancshares, Inc. | 369 | 6380 |
|  KeyCorp. | 779 | 14561 |
|  M&T Bank Corp. | 35 | 6853 |
|  Morgan Stanley | 162 | 25778 |
|  National Bank of Canada, (Canada) | 22 | 2375 |
|  Northern Trust Corp. | 33 | 4471 |
|  PNC Financial Services Group, Inc. (The) | 179 | 35931 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Banks** — **continued** |  |  |
|  Regions Financial Corp. | 230 | 6074 |
|  Royal Bank of Canada, (Canada) | 80 | 11855 |
|  State Street Corp. | 59 | 6881 |
|  Toronto-Dominion Bank (The), (Canada) | 98 | 7850 |
|  Truist Financial Corp. | 232 | 10598 |
|  US Bancorp | 709 | 34268 |
|  Wells Fargo & Co. | 3721 | 311890 |
|  |  | 765294 |
|  **Diversified Financial Services** — **2.7%** |  |  |
|  American Express Co. | 72 | 24028 |
|  Ameriprise Financial, Inc. | 12 | 5993 |
|  Apollo Global Management, Inc. | 858 | 114337 |
|  Ares Management Corp., Class A | 26 | 4173 |
|  Blackrock, Inc. | 2 | 2203 |
|  Brookfield Asset Management Ltd., Class A | 23 | 1329 |
|  Capital One Financial Corp. | 1104 | 234735 |
|  Cboe Global Markets, Inc. | 14 | 3440 |
|  Charles Schwab Corp. (The) | 212 | 20247 |
|  CME Group, Inc., Class A | 49 | 13117 |
|  Coinbase Global, Inc., Class A (a) | 86 | 28895 |
|  IGM Financial, Inc., (Canada) | 5 | 172 |
|  Interactive Brokers Group, Inc., Class A | 64 | 4385 |
|  Intercontinental Exchange, Inc. | 74 | 12465 |
|  LPL Financial Holdings, Inc. | 10 | 3230 |
|  Mastercard, Inc., Class A | 161 | 91855 |
|  Nasdaq, Inc. | 79 | 7029 |
|  Raymond James Financial, Inc. | 32 | 5560 |
|  SoFi Technologies, Inc. (a) | 150 | 3960 |
|  Synchrony Financial | 70 | 4994 |
|  T Rowe Price Group, Inc. | 34 | 3453 |
|  TMX Group Ltd., (Canada) | 16 | 607 |
|  Tradeweb Markets, Inc., Class A | 16 | 1784 |
|  Visa, Inc., Class A | 262 | 89402 |
|  |  | 681393 |
|  **Insurance** — **1.4%** |  |  |
|  Aflac, Inc. | 146 | 16300 |
|  Allstate Corp. (The) | 64 | 13759 |
|  American Financial Group, Inc. | 16 | 2347 |
|  American International Group, Inc. | 135 | 10629 |
|  Aon plc, (United Kingdom), Class A | 45 | 15877 |
|  Arch Capital Group Ltd., (Bermuda) | 84 | 7609 |
|  Arthur J Gallagher & Co. | 57 | 17761 |
|  Berkshire Hathaway, Inc., Class B (a) | 165 | 82797 |
|  Brown & Brown, Inc. | 62 | 5815 |
|  Chubb Ltd., (Switzerland) | 82 | 23170 |
|  Cincinnati Financial Corp. | 36 | 5686 |
|  Equitable Holdings, Inc. | 35 | 1787 |
|  Erie Indemnity Co., Class A | 4 | 1352 |
|  Everest Group Ltd., (Bermuda) | 9 | 3274 |
|  Fairfax Financial Holdings Ltd., (Canada) | 1 | 1975 |
|  Fidelity National Financial, Inc. | 58 | 3536 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Insurance** — **continued** |  |  |
|  Great-West Lifeco, Inc., (Canada) | 16 | 645 |
|  Hartford Insurance Group, Inc. (The) | 73 | 9684 |
|  iA Financial Corp., Inc., (Canada) | 5 | 602 |
|  Intact Financial Corp., (Canada) | 10 | 1980 |
|  Loews Corp. | 54 | 5467 |
|  Manulife Financial Corp., (Canada) | 97 | 3037 |
|  Markel Group, Inc. (a) | 3 | 5877 |
|  Marsh & McLennan Cos., Inc. | 109 | 21989 |
|  MetLife, Inc. | 167 | 13725 |
|  Power Corp. of Canada, (Canada) | 32 | 1377 |
|  Principal Financial Group, Inc. | 67 | 5531 |
|  Progressive Corp. (The) | 173 | 42801 |
|  Prudential Financial, Inc. | 78 | 8066 |
|  Sun Life Financial, Inc., (Canada) | 32 | 1931 |
|  Travelers Cos., Inc. (The) | 56 | 15627 |
|  Willis Towers Watson plc, (United Kingdom) | 20 | 7020 |
|  WR Berkley Corp. | 70 | 5349 |
|  |  | 364382 |
|  **Private Equity** — **0.2%** |  |  |
|  Blackstone, Inc. | 146 | 24934 |
|  Brookfield Corp., (Canada) | 78 | 5353 |
|  Carlyle Group, Inc. (The) | 33 | 2090 |
|  KKR & Co., Inc. | 77 | 9992 |
|  |  | 42369 |
|  **Real Estate** — **0.0% (g)** |  |  |
|  CBRE Group, Inc., Class A (a) | 38 | 6033 |
|  CoStar Group, Inc. (a) | 44 | 3702 |
|  FirstService Corp., (Canada) | 2 | 445 |
|  |  | 10180 |
|  **REITS** — **1.2%** |  |  |
|  Alexandria Real Estate Equities, Inc. | 13 | 1047 |
|  American Homes 4 Rent, Class A | 33 | 1085 |
|  American Tower Corp. | 885 | 170187 |
|  Annaly Capital Management, Inc. | 121 | 2448 |
|  AvalonBay Communities, Inc. | 14 | 2735 |
|  BXP, Inc. | 19 | 1416 |
|  Camden Property Trust | 10 | 1062 |
|  Crown Castle, Inc. | 51 | 4959 |
|  Digital Realty Trust, Inc. | 42 | 7240 |
|  Equinix, Inc. | 45 | 34890 |
|  Equity LifeStyle Properties, Inc. | 4 | 257 |
|  Equity Residential | 36 | 2314 |
|  Essex Property Trust, Inc. | 6 | 1512 |
|  Extra Space Storage, Inc. | 24 | 3367 |
|  Gaming and Leisure Properties, Inc. | 27 | 1252 |
|  Healthpeak Properties, Inc. | 86 | 1642 |
|  Invitation Homes, Inc. | 69 | 2010 |
|  Iron Mountain, Inc. | 32 | 3303 |
|  Kimco Realty Corp. | 100 | 2193 |
|  Mid-America Apartment Communities, Inc. | 12 | 1644 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **REITS — continued** |  |  |
|  Prologis, Inc. | 108 | 12409 |
|  Public Storage | 17 | 4828 |
|  Realty Income Corp. | 113 | 6881 |
|  Regency Centers Corp. | 13 | 978 |
|  SBA Communications Corp., Class A | 11 | 2206 |
|  Simon Property Group, Inc. | 36 | 6770 |
|  Sun Communities, Inc. | 9 | 1182 |
|  UDR, Inc. | 15 | 571 |
|  Ventas, Inc. | 55 | 3874 |
|  VICI Properties, Inc., Class A | 157 | 5111 |
|  Welltower, Inc. | 81 | 14392 |
|  Weyerhaeuser Co. | 81 | 2007 |
|  WP Carey, Inc. | 22 | 1478 |
|  |  | 309250 |
|  Total Financial |  | 2172868 |
|  **Industrial** — **5.9%** |  |  |
|  **Aerospace/Defense** — **1.2%** |  |  |
|  Boeing Co. (The) (a) | 189 | 40704 |
|  Bombardier, Inc., (Canada), Class B (a) | 5 | 703 |
|  CAE, Inc., (Canada) (a) | 17 | 514 |
|  General Dynamics Corp. | 60 | 20406 |
|  General Electric Co. | 273 | 81975 |
|  HEICO Corp. | 8 | 2573 |
|  HEICO Corp., Class A | 9 | 2337 |
|  Howmet Aerospace, Inc. | 99 | 19479 |
|  L3Harris Technologies, Inc. | 47 | 14249 |
|  Lockheed Martin Corp. | 53 | 26388 |
|  Northrop Grumman Corp. | 34 | 20833 |
|  Rocket Lab Corp. (a) | 67 | 3233 |
|  RTX Corp. | 345 | 57660 |
|  TransDigm Group, Inc. | 14 | 18804 |
|  |  | 309858 |
|  **Building Materials** — **0.2%** |  |  |
|  Builders FirstSource, Inc. (a) | 17 | 2062 |
|  Carlisle Cos., Inc. | 6 | 2008 |
|  Carrier Global Corp. | 122 | 7270 |
|  CRH plc | 85 | 10243 |
|  Johnson Controls International plc | 108 | 11915 |
|  Lennox International, Inc. | 4 | 2194 |
|  Martin Marietta Materials, Inc. | 8 | 4928 |
|  Masco Corp. | 23 | 1587 |
|  Owens Corning | 12 | 1734 |
|  Trane Technologies plc, (Ireland) | 35 | 14764 |
|  Vulcan Materials Co. | 17 | 5327 |
|  |  | 64032 |
|  **Electrical Components & Equipment** — **0.2%** |  |  |
|  AMETEK, Inc. | 33 | 6239 |
|  Eaton Corp. plc, (Ireland) | 64 | 23803 |
|  Emerson Electric Co. | 90 | 11819 |
|  |  | 41861 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Electronics** — **1.2%** |  |  |
|  Allegion plc, (Ireland) | 11 | 2030 |
|  Amphenol Corp., Class A | 524 | 64892 |
|  Celestica, Inc., (Canada) (a) | 7 | 1615 |
|  Fortive Corp. | 47 | 2315 |
|  Garmin Ltd., (Switzerland) | 35 | 8527 |
|  Honeywell International, Inc. | 822 | 173076 |
|  Hubbell, Inc., Class B | 7 | 3091 |
|  Jabil, Inc. | 47 | 10249 |
|  Keysight Technologies, Inc. (a) | 68 | 11878 |
|  Mettler-Toledo International, Inc. (a) | 6 | 7572 |
|  TE Connectivity plc, (Ireland) | 129 | 28343 |
|  Trimble, Inc. (a) | 105 | 8548 |
|  |  | 322136 |
|  **Engineering & Construction** — **0.1%** |  |  |
|  AECOM | 21 | 2773 |
|  AtkinsRealis Group, Inc., (Canada) | 9 | 683 |
|  EMCOR Group, Inc. | 8 | 4996 |
|  Jacobs Solutions, Inc. | 25 | 3779 |
|  Stantec, Inc., (Canada) | 7 | 702 |
|  WSP Global, Inc., (Canada) | 7 | 1464 |
|  |  | 14397 |
|  **Environmental Control** — **0.2%** |  |  |
|  GFL Environmental, Inc., (Canada) | 14 | 668 |
|  Pentair plc, (United Kingdom) | 23 | 2504 |
|  Pure Cycle Corp. (a) | 6 | 64 |
|  Republic Services, Inc., Class A | 45 | 10404 |
|  Veralto Corp. | 43 | 4605 |
|  Waste Connections, Inc., (Canada) | 48 | 8396 |
|  Waste Management, Inc. | 72 | 15987 |
|  |  | 42628 |
|  **Hand/Machine Tools** — **0.0% (g)** |  |  |
|  Snap-on, Inc. | 8 | 2602 |
|  **Machinery - Construction & Mining** — **0.5%** |  |  |
|  Caterpillar, Inc. | 197 | 93964 |
|  GE Vernova, Inc. | 44 | 26889 |
|  Vertiv Holdings Co., Class A | 59 | 8835 |
|  |  | 129688 |
|  **Machinery - Diversified** — **1.7%** |  |  |
|  AGCO Corp. | 109 | 11699 |
|  Alamo Group, Inc. | 18 | 3378 |
|  CNH Industrial NV, (United Kingdom) | 1670 | 18123 |
|  Deere & Co. | 507 | 231807 |
|  Dover Corp. | 19 | 3197 |
|  Graco, Inc. | 16 | 1347 |
|  IDEX Corp. | 7 | 1197 |
|  Ingersoll Rand, Inc. | 62 | 5154 |
|  Lindsay Corp. | 19 | 2632 |
|  Nordson Corp. | 7 | 1501 |
|  Otis Worldwide Corp. | 58 | 5287 |
|  Rockwell Automation, Inc. | 330 | 115388 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Machinery - Diversified** — **continued** |  |  |
|  Toro Co. (The) | 170 | 12961 |
|  Westinghouse Air Brake Technologies Corp. | 31 | 6185 |
|  Xylem, Inc. | 38 | 5659 |
|  |  | 425515 |
|  **Miscellaneous Manufacturers** — **0.3%** |  |  |
|  3M Co. | 85 | 13256 |
|  Axon Enterprise, Inc. (a) | 19 | 13650 |
|  Illinois Tool Works, Inc. | 41 | 10584 |
|  Parker-Hannifin Corp. | 21 | 15699 |
|  Teledyne Technologies, Inc. (a) | 19 | 10961 |
|  Textron, Inc. | 42 | 3549 |
|  |  | 67699 |
|  **Packaging & Containers** — **0.0% (g)** |  |  |
|  Amcor plc, (Switzerland) | 333 | 2727 |
|  Ball Corp. | 40 | 1996 |
|  CCL Industries, Inc., (Canada), Class B | 8 | 472 |
|  Crown Holdings, Inc. | 16 | 1565 |
|  Packaging Corp. of America | 12 | 2596 |
|  Smurfit WestRock plc, (Ireland) | 69 | 2918 |
|  |  | 12274 |
|  **Shipbuilding** — **0.0% (g)** |  |  |
|  Huntington Ingalls Industries, Inc. | 4 | 1061 |
|  **Transportation** — **0.3%** |  |  |
|  Canadian National Railway Co., (Canada) | 30 | 2870 |
|  Canadian Pacific Kansas City Ltd., (Canada) | 53 | 3916 |
|  CH Robinson Worldwide, Inc. | 21 | 2826 |
|  CSX Corp. | 346 | 12279 |
|  Expeditors International of Washington, Inc. | 22 | 2657 |
|  FedEx Corp. | 41 | 9672 |
|  JB Hunt Transport Services, Inc. | 18 | 2425 |
|  Norfolk Southern Corp. | 41 | 12427 |
|  Old Dominion Freight Line, Inc. | 29 | 4017 |
|  TFI International, Inc., (Canada) | 5 | 396 |
|  Union Pacific Corp. | 102 | 24146 |
|  United Parcel Service, Inc., Class B | 126 | 10495 |
|  |  | 88126 |
|  Total Industrial |  | 1521877 |
|  **Technology** — **35.9%** |  |  |
|  **Computers** — **7.8%** |  |  |
|  Accenture plc, (Ireland), Class A | 208 | 51210 |
|  Apple, Inc. | 6366 | 1621062 |
|  CGI, Inc., (Canada) | 11 | 1013 |
|  Cognizant Technology Solutions Corp., Class A | 170 | 11429 |
|  Crowdstrike Holdings, Inc., Class A (a) | 110 | 53781 |
|  Dell Technologies, Inc., Class C | 141 | 19949 |
|  Fortinet, Inc. (a) | 286 | 24022 |
|  Gartner, Inc. (a) | 24 | 6415 |
|  Hewlett Packard Enterprise Co. | 577 | 14173 |
|  HP, Inc. | 406 | 11065 |
|  International Business Machines Corp. | 311 | 87889 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Computers** — **continued** |  |  |
|  Leidos Holdings, Inc. | 20 | 3803 |
|  NetApp, Inc. | 82 | 9765 |
|  Okta, Inc., Class A (a) | 57 | 5191 |
|  Pure Storage, Inc., Class A (a) | 135 | 11301 |
|  Seagate Technology Holdings plc | 91 | 21537 |
|  Super Micro Computer, Inc. (a) | 215 | 10290 |
|  Western Digital Corp. | 154 | 18493 |
|  Zscaler, Inc. (a) | 45 | 13475 |
|  |  | 1995863 |
|  **Office/Business Equipment — 0.0% (g)** |  |  |
|  Zebra Technologies Corp., Class A (a) | 21 | 6352 |
|  **Semiconductors** — **14.9%** |  |  |
|  Advanced Micro Devices, Inc. (a) | 776 | 125589 |
|  Analog Devices, Inc. | 238 | 58557 |
|  Applied Materials, Inc. | 385 | 78810 |
|  Broadcom, Inc. | 2155 | 710847 |
|  Entegris, Inc. | 70 | 6429 |
|  Intel Corp. (a) | 2096 | 70322 |
|  KLA Corp. | 63 | 67959 |
|  Lam Research Corp. | 616 | 82441 |
|  Marvell Technology, Inc. | 566 | 47567 |
|  Microchip Technology, Inc. | 259 | 16611 |
|  Micron Technology, Inc. | 539 | 90213 |
|  Monolithic Power Systems, Inc. | 22 | 20694 |
|  NVIDIA Corp. | 12041 | 2246595 |
|  NXP Semiconductors NV, (Netherlands) | 120 | 27287 |
|  ON Semiconductor Corp. (a) | 197 | 9724 |
|  QUALCOMM, Inc. | 516 | 85827 |
|  Teradyne, Inc. | 75 | 10299 |
|  Texas Instruments, Inc. | 432 | 79359 |
|  |  | 3835130 |
|  **Software** — **13.2%** |  |  |
|  Adobe, Inc. (a) | 185 | 65240 |
|  Akamai Technologies, Inc. (a) | 51 | 3843 |
|  Atlassian Corp., (Australia), Class A (a) | 74 | 11833 |
|  Autodesk, Inc. (a) | 94 | 29863 |
|  Bentley Systems, Inc., Class B | 63 | 3227 |
|  Broadridge Financial Solutions, Inc. | 21 | 5119 |
|  Cadence Design Systems, Inc. (a) | 119 | 41884 |
|  Cloudflare, Inc., Class A (a) | 104 | 22332 |
|  Constellation Software, Inc., (Canada) | 1 | 3119 |
|  Datadog, Inc., Class A (a) | 126 | 17895 |
|  Descartes Systems Group, Inc. (The), (Canada) (a) | 5 | 461 |
|  DocuSign, Inc., Class A (a) | 88 | 6345 |
|  Dynatrace, Inc. (a) | 131 | 6348 |
|  Electronic Arts, Inc. | 62 | 12551 |
|  Fair Isaac Corp. (a) | 10 | 15583 |
|  Fidelity National Information Services, Inc. | 62 | 4090 |
|  Fiserv, Inc. (a) | 64 | 8265 |
|  HubSpot, Inc. (a) | 22 | 10209 |
|  Intuit, Inc. | 365 | 249276 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Software — continued** |  |  |
|  Jack Henry & Associates, Inc. | 6 | 903 |
|  Microsoft Corp. | 3933 | 2037297 |
|  MongoDB, Inc., Class A (a) | 26 | 8126 |
|  MSCI, Inc., Class A | 9 | 5011 |
|  Nutanix, Inc., Class A (a) | 107 | 7975 |
|  Open Text Corp., (Canada) | 15 | 547 |
|  Oracle Corp. | 742 | 208593 |
|  Palantir Technologies, Inc., Class A (a) | 992 | 180899 |
|  Paychex, Inc. | 51 | 6461 |
|  Paycom Software, Inc. | 7 | 1447 |
|  PTC, Inc. (a) | 50 | 10232 |
|  ROBLOX Corp., Class A (a) | 148 | 20531 |
|  Roper Technologies, Inc. | 47 | 23573 |
|  Salesforce, Inc. | 417 | 98828 |
|  Samsara, Inc., Class A (a) | 125 | 4668 |
|  ServiceNow, Inc. (a) | 91 | 83390 |
|  Snowflake, Inc., Class A (a) | 106 | 23797 |
|  SS&C Technologies Holdings, Inc. | 37 | 3311 |
|  Strategy, Inc., Class A (a) | 114 | 36618 |
|  Synopsys, Inc. (a) | 81 | 39782 |
|  Take-Two Interactive Software, Inc. (a) | 47 | 12150 |
|  Twilio, Inc., Class A (a) | 51 | 5098 |
|  Tyler Technologies, Inc. (a) | 18 | 9462 |
|  Veeva Systems, Inc., Class A (a) | 17 | 5024 |
|  Workday, Inc., Class A (a) | 104 | 24996 |
|  Zoom Communications, Inc., Class A (a) | 105 | 8689 |
|  |  | 3384891 |
|  Total Technology |  | 9222236 |
|  **Utilities** — **2.9%** |  |  |
|  **Electric** — **2.7%** |  |  |
|  AES Corp. (The) | 216 | 2843 |
|  ALLETE, Inc. | 17 | 1160 |
|  Alliant Energy Corp. | 95 | 6411 |
|  Ameren Corp. | 112 | 11726 |
|  American Electric Power Co., Inc. | 233 | 26174 |
|  Avista Corp. | 25 | 939 |
|  Black Hills Corp. | 22 | 1376 |
|  Brookfield Renewable Corp. | 8 | 270 |
|  CenterPoint Energy, Inc. | 273 | 10575 |
|  Clearway Energy, Inc., Class A | 10 | 282 |
|  Clearway Energy, Inc., Class C | 25 | 712 |
|  CMS Energy Corp. | 113 | 8286 |
|  Consolidated Edison, Inc. | 155 | 15549 |
|  Constellation Energy Corp. | 132 | 43359 |
|  Dominion Energy, Inc. | 357 | 21849 |
|  DTE Energy Co. | 87 | 12287 |
|  Duke Energy Corp. | 334 | 41304 |
|  Edison International | 161 | 8887 |
|  Emera, Inc., (Canada) | 17 | 816 |
|  Entergy Corp. | 194 | 18099 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Electric** — **continued** |  |  |
|  Evergy, Inc. | 91 | 6897 |
|  Eversource Energy | 154 | 10920 |
|  Exelon Corp. | 432 | 19426 |
|  FirstEnergy Corp. | 224 | 10272 |
|  Fortis, Inc., (Canada) | 29 | 1452 |
|  Genie Energy Ltd., Class B | 4 | 57 |
|  Hawaiian Electric Industries, Inc. (a) | 52 | 577 |
|  Hydro One Ltd., (Canada) (e) | 19 | 672 |
|  IDACORP, Inc. | 17 | 2183 |
|  MGE Energy, Inc. | 11 | 956 |
|  NextEra Energy, Inc. | 869 | 65567 |
|  Northwestern Energy Group, Inc. | 19 | 1091 |
|  NRG Energy, Inc. | 83 | 13523 |
|  OGE Energy Corp. | 61 | 2840 |
|  Oklo, Inc., Class A (a) | 31 | 3488 |
|  Ormat Technologies, Inc. | 17 | 1684 |
|  Otter Tail Corp. | 12 | 946 |
|  PG&E Corp. | 921 | 13891 |
|  Pinnacle West Capital Corp. | 36 | 3246 |
|  Portland General Electric Co. | 33 | 1450 |
|  PPL Corp. | 315 | 11705 |
|  Public Service Enterprise Group, Inc. | 210 | 17538 |
|  Sempra | 274 | 24658 |
|  Southern Co. (The) | 472 | 44704 |
|  Talen Energy Corp. (a) | 12 | 5005 |
|  TXNM Energy, Inc. | 29 | 1621 |
|  Unitil Corp. | 5 | 252 |
|  Vistra Corp. | 837 | 164032 |
|  WEC Energy Group, Inc. | 134 | 15298 |
|  Xcel Energy, Inc. | 250 | 20136 |
|  |  | 698991 |
|  **Gas** — **0.1%** |  |  |
|  AltaGas Ltd., (Canada) | 17 | 526 |
|  Atmos Energy Corp. | 61 | 10466 |
|  Canadian Utilities Ltd., (Canada), Class A | 8 | 213 |
|  Chesapeake Utilities Corp. | 7 | 947 |
|  MDU Resources Group, Inc. | 59 | 1048 |
|  National Fuel Gas Co. | 26 | 2406 |
|  New Jersey Resources Corp. | 31 | 1473 |
|  NiSource, Inc. | 202 | 8751 |
|  Northwest Natural Holding Co. | 12 | 538 |
|  ONE Gas, Inc. | 19 | 1554 |
|  RGC Resources, Inc. | 3 | 61 |
|  Southwest Gas Holdings, Inc. | 18 | 1375 |
|  Spire, Inc. | 18 | 1455 |
|  UGI Corp. | 65 | 2160 |
|  |  | 32973 |
|  **Water** — **0.1%** |  |  |
|  American States Water Co. | 12 | 846 |
|  American Water Works Co., Inc. | 78 | 10861 |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Water** — **continued** |  |  |
|  Artesian Resources Corp., Class A | 3 | 86 |
|  California Water Service Group | 18 | 833 |
|  Consolidated Water Co. Ltd., (Cayman Islands) | 5 | 170 |
|  Essential Utilities, Inc. | 98 | 3913 |
|  H2O America | 10 | 479 |
|  Middlesex Water Co. | 5 | 290 |
|  York Water Co. (The) | 4 | 129 |
|  |  | 17607 |
|  Total Utilities |  | 749571 |
|  Total Common Stocks |  |  |
|  (Cost $17,582,399) |  | 25581050 |
|  | **NUMBER OF<br>WARRANTS** |  |
|  **Warrant — 0.0%** |  |  |
|  **Technology** — **0.0%** |  |  |
|  **Software** — **0.0%** |  |  |
|  Constellation Software, Inc. (Canada), expiring 03/31/2040 (a) (bb) |  |  |
|  (Cost $0) | 1 |  |
|  | **PRINCIPAL<br>AMOUNT ($)** |  |
|  **Short-Term Investments — 0.3%** |  |  |
|  **Time Deposits — 0.3%** |  |  |
|  Australia & New Zealand Banking Group Ltd., 3.44%, 10/01/2025 | 14173 | 14173 |
|  Brown Brothers Harriman & Co., 3.44%, 10/01/2025 | — (h) | — (h) |
|  Citibank NA, 3.44%, 10/01/2025 | 17686 | 17686 |
|  Royal Bank of Canada, 3.44%, 10/01/2025 | 13033 | 13033 |
|  Sumitomo Mitsui Banking Corp., 3.44%, 10/01/2025 | 3524 | 3524 |
|  Sumitomo Mitsui Trust Bank Ltd., 3.44%, 10/01/2025 | 19950 | 19950 |
| Total Short-Term Investments<br>(Cost $68,366) |  | 68366 |
| **Total Investments — 99.9%<br>(Cost — $17,650,765)** |  | **25649416** |
|  **Other Assets in Excess of Liabilities — 0.1%** |  | **31845** |
|  **NET ASSETS — 100.0%** |  | $**25681261** |

---

Percentages indicated are based on net assets.

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

**Futures contracts outstanding as of September 30, 2025:** 

**Exchange Traded** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **EXPIRATION<br>DATE** | **TRADING<br>CURRENCY** | **NOTIONAL<br>AMOUNT ($)** | **VALUE AND<br>UNREALIZED<br>APPRECIATION<br>(DEPRECIATION) ($)** |
|  **Long Contracts** |  |  |  |  |  |
|  CME Micro E-mini Russell 2000 Index | 46 | 12/2025 | USD | 564 | 1 |
|  E-mini Consumer Discretionary Select Sector Index | 11 | 12/2025 | USD | 2680 | 7 |
|  E-mini Consumer Staples Select Sector Index | 3 | 12/2025 | USD | 240 | (1) |
|  E-mini Energy Select Sector Index | 25 | 12/2025 | USD | 2366 | (8) |
|  E-mini Financial Select Sector Index | 2 | 12/2025 | USD | 334 | – (h) |
|  E-mini Health Care Select Sector Index | 15 | 12/2025 | USD | 2075 | 50 |
|  E-mini Industrial Select Sector Index | 11 | 12/2025 | USD | 1716 | 8 |
|  E-mini Russell 1000 Value Index | 2 | 12/2025 | USD | 200 | 1 |
|  E-mini Russell 2000 Index | 1 | 12/2025 | USD | 124 | (1) |
|  E-mini Technology Select Sector Index | 38 | 12/2025 | USD | 10817 | 78 |
|  E-mini Utilities Select Sector Index | 9 | 12/2025 | USD | 785 | 13 |
|  Micro E-mini NASDAQ 100 Index | 257 | 12/2025 | USD | 12722 | 78 |
|  Micro E-mini S&P 500 Index | 41 | 12/2025 | USD | 1374 | 7 |
|  S&P 500 E-mini Index | 92 | 12/2025 | USD | 30811 | 187 |
|  S&P MidCap 400 E-mini Index | 2 | 12/2025 | USD | 657 | 1 |
|  S&P Toronto Stock Exchange 60 Index | 2 | 12/2025 | CAD | 505 | 5 |
|  Total unrealized appreciation (depreciation) |  |  |  |  | 426 |

---

**Forward foreign currency exchange contracts outstanding as of September 30, 2025:** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CURRENCY PURCHASED** | **CURRENCY PURCHASED** | **CURRENCY SOLD** | **CURRENCY SOLD** | **COUNTERPARTY** | **SETTLEMENT<br>DATE** | **UNREALIZED<br>APPRECIATION<br>(DEPRECIATION) ($)** |
|  CAD | 265 | USD | 190 | BNP Paribas | 10/01/2025 | – (h) |
|  Net unrealized appreciation (depreciation) | Net unrealized appreciation (depreciation) | Net unrealized appreciation (depreciation) | Net unrealized appreciation (depreciation) | Net unrealized appreciation (depreciation) |  | – (h) |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

**NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025

---

| | |
|:---|:---|
| REIT | Real Estate Investment Trust |
| (a) | Non-income producing security. |
| (e) | Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Unless otherwise indicated, this security has been determined to be liquid under procedures established by the Board of Trustees and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
| (g) | Amount rounds to less than 0.05%. |
| (h) | Amount rounds to less than 500 shares/principal or $500. |
| (bb) | Security has been valued using significant unobservable inputs. |
| CAD | Canadian Dollar |
| USD | United States Dollar |

---

------

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

**Summary of Investments by Industry, September 30, 2025** 

The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total investments:

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENTAGE** |
|  Internet | 16.0% |
|  Semiconductors | 14.9% |
|  Software | 13.2% |
|  Computers | 7.8% |
|  Pharmaceuticals | 5.3% |
|  Healthcare - Products | 4.6% |
|  Retail | 4.4% |
|  Banks | 3.0% |
|  Oil & Gas | 2.9% |
|  Electric | 2.7% |
|  Diversified Financial Services | 2.7% |
|  Auto Manufacturers | 2.1% |
|  Telecommunications | 2.0% |
|  Machinery - Diversified | 1.7% |
|  Insurance | 1.4% |
|  Home Builders | 1.3% |
|  Electronics | 1.2% |
|  Aerospace/Defense | 1.2% |
|  REITS | 1.2% |
|  Healthcare - Services | 1.2% |
|  Beverages | 1.1% |
|  Others (Each less than 1.0%) | 7.8% |
|  Short-Term Investments | 0.3% |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — 98.4%** |  |  |
|  **Australia — 2.0%** |  |  |
|  ANZ Group Holdings Ltd. | 515 | 11304 |
|  APA Group | 212 | 1246 |
|  Aristocrat Leisure Ltd. | 97 | 4485 |
|  ASX Ltd. | 36 | 1403 |
|  Atlassian Corp., Class A (a) | 1 | 83 |
|  BHP Group Ltd. | 880 | 24582 |
|  BlueScope Steel Ltd. | 81 | 1215 |
|  Brambles Ltd. | 236 | 3865 |
|  CAR Group Ltd. | 68 | 1664 |
|  Cochlear Ltd. | 11 | 2095 |
|  Coles Group Ltd. | 226 | 3475 |
|  Commonwealth Bank of Australia | 289 | 31922 |
|  Computershare Ltd. | 94 | 2267 |
|  CSL Ltd. | 83 | 10931 |
|  Evolution Mining Ltd. | 355 | 2529 |
|  Fortescue Ltd. | 301 | 3725 |
|  Goodman Group REIT | 348 | 7546 |
|  Insurance Australia Group Ltd. | 407 | 2208 |
|  Lottery Corp. Ltd. (The) | 363 | 1408 |
|  Macquarie Group Ltd. | 63 | 9178 |
|  Medibank Pvt Ltd. | 501 | 1596 |
|  National Australia Bank Ltd. | 527 | 15382 |
|  Northern Star Resources Ltd. | 229 | 3579 |
|  Origin Energy Ltd. | 300 | 2478 |
|  Pro Medicus Ltd. | 10 | 2044 |
|  Qantas Airways Ltd. | 138 | 999 |
|  QBE Insurance Group Ltd. | 266 | 3618 |
|  REA Group Ltd. | 10 | 1505 |
|  Rio Tinto Ltd. | 65 | 5233 |
|  Santos Ltd. | 551 | 2445 |
|  Scentre Group REIT | 865 | 2334 |
|  SGH Ltd. | 38 | 1249 |
|  Sigma Healthcare Ltd. | 815 | 1600 |
|  Sonic Healthcare Ltd. | 76 | 1072 |
|  South32 Ltd. | 836 | 1516 |
|  Stockland REIT | 395 | 1597 |
|  Suncorp Group Ltd. | 195 | 2613 |
|  Telstra Group Ltd. | 663 | 2113 |
|  Transurban Group | 526 | 4804 |
|  Vicinity Ltd. REIT | 620 | 1033 |
|  Washington H Soul Pattinson & Co. Ltd. | 62 | 1584 |
|  Wesfarmers Ltd. | 196 | 11935 |
|  Westpac Banking Corp. | 591 | 15219 |
|  WiseTech Global Ltd. | 36 | 2175 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Australia — continued**  |  |  |
|  Woodside Energy Group Ltd. | 323 | 4875 |
|  Woolworths Group Ltd. | 206 | 3638 |
|  |  | 225367 |
|  **Austria** — **0.3%** |  |  |
|  Erste Group Bank AG | 222 | 21795 |
|  OMV AG | 62 | 3332 |
|  Verbund AG | 44 | 3212 |
|  |  | 28339 |
|  **Belgium — 0.5%** |  |  |
|  Ageas SA | 107 | 7439 |
|  Anheuser-Busch InBev SA | 14 | 847 |
|  D'ieteren Group | — (h) | 63 |
|  Elia Group SA, Class B | 28 | 3239 |
|  Groupe Bruxelles Lambert NV | 58 | 5194 |
|  KBC Group NV | 166 | 19836 |
|  Lotus Bakeries NV | — (h) | 66 |
|  Sofina SA | 11 | 3289 |
|  Syensqo SA | 25 | 2001 |
|  UCB SA | 59 | 16432 |
|  |  | 58406 |
|  **Bermuda — 0.0% (g)** |  |  |
|  Arch Capital Group Ltd. | 1 | 107 |
|  Everest Group Ltd. | — (h) | 47 |
|  |  | 154 |
|  **Brazil — 0.3%** |  |  |
|  Ambev SA | 508 | 1153 |
|  B3 SA - Brasil Bolsa Balcao | 560 | 1409 |
|  Banco Bradesco SA | 172 | 492 |
|  Banco BTG Pactual SA | 121 | 1098 |
|  Banco do Brasil SA | 180 | 745 |
|  BB Seguridade Participacoes SA | 73 | 459 |
|  Caixa Seguridade Participacoes S/A | 49 | 141 |
|  Centrais Eletricas Brasileiras SA | 122 | 1209 |
|  Cia de Saneamento Basico do Estado de Sao Paulo SABESP (Registered) | 54 | 1349 |
|  CPFL Energia SA | 22 | 162 |
|  Embraer SA | 76 | 1142 |
|  Energisa SA | 29 | 275 |
|  Eneva SA (a) | 88 | 274 |
|  Engie Brasil Energia SA | 20 | 154 |
|  Equatorial Energia SA | 122 | 845 |
|  JBS NV, Class A (a) | 44 | 661 |
|  Klabin SA | 83 | 280 |
|  Localiza Rent a Car SA | 93 | 689 |
|  MBRF Global Foods Company SA | 48 | 173 |
|  Motiva Infraestrutura de Mobilidade SA | 102 | 285 |
|  NU Holdings Ltd., Class A (a) | 368 | 5890 |
|  Petroleo Brasileiro SA - Petrobras | 376 | 2385 |
|  Porto Seguro SA | 20 | 190 |
|  PRIO SA (a) | 87 | 621 |
|  Raia Drogasil SA | 120 | 417 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Brazil — continued** |  |  |
|  Rede D'Or Sao Luiz SA (e) | 84 | 666 |
|  Rumo SA | 139 | 417 |
|  Suzano SA | 88 | 821 |
|  Telefonica Brasil SA | 81 | 520 |
|  TIM SA | 92 | 407 |
|  TOTVS SA | 57 | 491 |
|  Ultrapar Participacoes SA | 79 | 324 |
|  Vale SA | 398 | 4307 |
|  Vibra Energia SA | 94 | 433 |
|  WEG SA | 180 | 1237 |
|  XP, Inc., Class A | 42 | 797 |
|  |  | 32918 |
|  **Canada — 1.8%** |  |  |
|  Agnico Eagle Mines Ltd. | 39 | 6637 |
|  Alamos Gold, Inc., Class A | 33 | 1149 |
|  Alimentation Couche-Tard, Inc. | 59 | 3168 |
|  AltaGas Ltd. | 23 | 720 |
|  ARC Resources Ltd. | 46 | 832 |
|  AtkinsRealis Group, Inc. | 13 | 939 |
|  Bank of Montreal | 56 | 7330 |
|  Bank of Nova Scotia (The) | 98 | 6307 |
|  Barrick Mining Corp. | 134 | 4390 |
|  BCE, Inc. | 6 | 139 |
|  Bombardier, Inc., Class B (a) | 7 | 966 |
|  Brookfield Corp. | 107 | 7346 |
|  CAE, Inc. (a) | 24 | 708 |
|  Cameco Corp. | 34 | 2858 |
|  Canadian Imperial Bank of Commerce | 73 | 5840 |
|  Canadian National Railway Co. | 42 | 3940 |
|  Canadian Natural Resources Ltd. | 164 | 5242 |
|  Canadian Pacific Kansas City Ltd. | 72 | 5375 |
|  Canadian Tire Corp. Ltd., Class A | 4 | 469 |
|  Canadian Utilities Ltd., Class A | 10 | 290 |
|  CCL Industries, Inc., Class B | 11 | 644 |
|  Celestica, Inc. (a) | 9 | 2212 |
|  Cenovus Energy, Inc. | 106 | 1807 |
|  CGI, Inc. | 16 | 1390 |
|  Constellation Software, Inc. | 2 | 4278 |
|  Descartes Systems Group, Inc. (The) (a) | 7 | 633 |
|  Dollarama, Inc. | 22 | 2864 |
|  Element Fleet Management Corp. | 31 | 813 |
|  Emera, Inc. | 23 | 1114 |
|  Empire Co. Ltd., Class A | 10 | 355 |
|  Enbridge, Inc. | 171 | 8613 |
|  Fairfax Financial Holdings Ltd. | 2 | 2719 |
|  First Quantum Minerals Ltd. (a) | 56 | 1256 |
|  FirstService Corp. | 3 | 605 |
|  Fortis, Inc. | 39 | 1992 |
|  Franco-Nevada Corp. | 15 | 3361 |
|  George Weston Ltd. | 14 | 832 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Canada — continued** |  |  |
|  GFL Environmental, Inc. | 19 | 917 |
|  Gildan Activewear, Inc., Class A | 11 | 648 |
|  Great-West Lifeco, Inc. | 22 | 883 |
|  Hydro One Ltd. (e) | 26 | 923 |
|  iA Financial Corp., Inc. | 7 | 829 |
|  IGM Financial, Inc. | 7 | 237 |
|  Imperial Oil Ltd. | 14 | 1265 |
|  Intact Financial Corp. | 14 | 2721 |
|  Ivanhoe Mines Ltd., Class A (a) | 58 | 618 |
|  Keyera Corp. | 18 | 598 |
|  Kinross Gold Corp. | 96 | 2379 |
|  Loblaw Cos. Ltd. | 47 | 1808 |
|  Lululemon Athletica, Inc. (a) | — (h) | 57 |
|  Lundin Gold, Inc. | 9 | 551 |
|  Lundin Mining Corp., Class Common S | 54 | 802 |
|  Magna International, Inc. | 21 | 996 |
|  Manulife Financial Corp. | 134 | 4171 |
|  Metro, Inc. | 16 | 1086 |
|  National Bank of Canada | 31 | 3256 |
|  Nutrien Ltd. | 38 | 2246 |
|  Open Text Corp. | 20 | 753 |
|  Pan American Silver Corp. | 33 | 1280 |
|  Pembina Pipeline Corp., Class Common S | 46 | 1842 |
|  Power Corp. of Canada | 44 | 1889 |
|  Restaurant Brands International, Inc. | 24 | 1558 |
|  Rogers Communications, Inc., Class B | 28 | 978 |
|  Royal Bank of Canada | 110 | 16268 |
|  Saputo, Inc. | 19 | 470 |
|  Shopify, Inc., Class A (a) | 96 | 14194 |
|  Stantec, Inc. | 9 | 964 |
|  Sun Life Financial, Inc. | 44 | 2646 |
|  Suncor Energy, Inc. | 96 | 4016 |
|  TC Energy Corp. | 81 | 4426 |
|  Teck Resources Ltd., Class B | 37 | 1601 |
|  TELUS Corp. | 39 | 620 |
|  TFI International, Inc. | 6 | 548 |
|  Thomson Reuters Corp. | 12 | 1919 |
|  TMX Group Ltd. | 22 | 828 |
|  Toromont Industries Ltd. | 6 | 710 |
|  Toronto-Dominion Bank (The) | 135 | 10772 |
|  Tourmaline Oil Corp. | 29 | 1245 |
|  Waste Connections, Inc. | 1 | 159 |
|  Wheaton Precious Metals Corp. | 36 | 3977 |
|  Whitecap Resources, Inc., Class Common S | 97 | 737 |
|  WSP Global, Inc. | 10 | 2004 |
|  |  | 203528 |
|  **Chile — 0.2%** |  |  |
|  Antofagasta plc | 352 | 13087 |
|  Banco de Chile | 4591 | 697 |
|  Banco de Credito e Inversiones SA | 10 | 421 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Chile — continued** |  |  |
|  Banco Santander Chile | 6920 | 459 |
|  Cencosud SA | 129 | 367 |
|  Empresas CMPC SA | 92 | 136 |
|  Empresas Copec SA | 39 | 288 |
|  Enel Americas SA | 1591 | 161 |
|  Enel Chile SA | 3058 | 237 |
|  Falabella SA | 58 | 344 |
|  Latam Airlines Group SA | 33251 | 755 |
|  |  | 16952 |
|  **China — 0.0% (g)** |  |  |
|  Silergy Corp. | 32 | 273 |
|  Yangzijiang Shipbuilding Holdings Ltd. | 488 | 1277 |
|  |  | 1550 |
|  **Colombia — 0.0% (g)** |  |  |
|  Grupo Cibest SA | 29 | 448 |
|  Interconexion Electrica SA ESP | 45 | 271 |
|  |  | 719 |
|  **Czech Republic — 0.0% (g)** |  |  |
|  CEZ A/S | 16 | 1007 |
|  Komercni Banka A/S | 10 | 489 |
|  Moneta Money Bank A/S (e) | 23 | 183 |
|  |  | 1679 |
|  **Denmark — 2.4%** |  |  |
|  AP Moller - Maersk A/S, Class A | 1 | 2778 |
|  AP Moller - Maersk A/S, Class B | 2 | 3949 |
|  Carlsberg A/S, Class B | 1 | 153 |
|  Coloplast A/S, Class B | 10 | 847 |
|  Danske Bank A/S | 481 | 20556 |
|  Demant A/S (a) | 7 | 239 |
|  DSV A/S | 101 | 20193 |
|  Genmab A/S (a) | 35 | 10838 |
|  Novo Nordisk A/S, Class B | 3103 | 172780 |
|  Novonesis (Novozymes) B, Class B | 119 | 7348 |
|  Orsted A/S (a) (e) | 338 | 5877 |
|  Pandora A/S | 47 | 6191 |
|  ROCKWOOL A/S, Class B | 48 | 1792 |
|  Tryg A/S | 241 | 6116 |
|  Vestas Wind Systems A/S | 499 | 9494 |
|  |  | 269151 |
|  **Egypt — 0.0% (g)** |  |  |
|  Commercial International Bank - Egypt (CIB), GDR | 210 | 443 |
|  Eastern Co. SAE | 107 | 95 |
|  Talaat Moustafa Group | 66 | 79 |
|  |  | 617 |
|  **Finland — 0.9%** |  |  |
|  Elisa OYJ | 57 | 3011 |
|  Fortum OYJ | 290 | 5503 |
|  Kesko OYJ, Class B | 4 | 85 |
|  Kone OYJ, Class B | 168 | 11488 |
|  Metso OYJ | 330 | 4544 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Finland — continued** |  |  |
|  Neste OYJ | 141 | 2587 |
|  Nokia OYJ | 73 | 351 |
|  Nordea Bank Abp | 2249 | 37022 |
|  Orion OYJ, Class B | 51 | 3893 |
|  Sampo OYJ, Class A | 1745 | 20057 |
|  Stora Enso OYJ, Class R | 197 | 2168 |
|  UPM-Kymmene OYJ | 178 | 4888 |
|  Wartsila OYJ Abp | 248 | 7439 |
|  |  | 103036 |
|  **France — 12.6%** |  |  |
|  Accor SA | 3 | 128 |
|  Aeroports de Paris SA | 17 | 2280 |
|  Air Liquide SA | 390 | 81351 |
|  Airbus SE | 294 | 68678 |
|  Alstom SA (a) | 172 | 4500 |
|  Amundi SA (e) | 44 | 3522 |
|  Arkema SA | 19 | 1226 |
|  AXA SA | 1276 | 61202 |
|  BioMerieux | 3 | 433 |
|  BNP Paribas SA | 733 | 67035 |
|  Bollore SE | 285 | 1617 |
|  Bouygues SA | 95 | 4273 |
|  Bureau Veritas SA | 169 | 5294 |
|  Capgemini SE | 2 | 343 |
|  Carrefour SA | 9 | 131 |
|  Cie de Saint-Gobain SA | 222 | 24054 |
|  Cie Generale des Etablissements Michelin SCA | 10 | 350 |
|  Covivio SA REIT | 1 | 60 |
|  Credit Agricole SA | 763 | 15036 |
|  Danone SA | 9 | 813 |
|  Dassault Aviation SA | 10 | 3274 |
|  Dassault Systemes SE | 10 | 328 |
|  Edenred SE | 174 | 4136 |
|  Eiffage SA | 34 | 4319 |
|  Engie SA | 1171 | 25170 |
|  EssilorLuxottica SA | 24 | 7681 |
|  FDJ UNITED | 2 | 60 |
|  Gecina SA REIT | 1 | 71 |
|  Getlink SE | 151 | 2786 |
|  Hermes International SCA | 19 | 46677 |
|  Ipsen SA | 18 | 2359 |
|  Kering SA | 45 | 14960 |
|  Klepierre SA REIT | 3 | 116 |
|  Legrand SA | 130 | 21555 |
|  L'Oreal SA | 624 | 271104 |
|  LVMH Moet Hennessy Louis Vuitton SE | 150 | 92257 |
|  Orange SA | 7660 | 124245 |
|  Pernod Ricard SA | 3 | 291 |
|  Publicis Groupe SA | 92 | 8896 |
|  Renault SA | 77 | 3162 |
|  Rexel SA | 110 | 3628 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **France — continued** |  |  |
|  Safran SA | 178 | 63240 |
|  Sanofi SA | 515 | 48722 |
|  Sartorius Stedim Biotech | 2 | 467 |
|  Schneider Electric SE | 271 | 76379 |
|  Societe Generale SA | 1835 | 122182 |
|  Sodexo SA | 1 | 81 |
|  Teleperformance SE | 27 | 1983 |
|  Thales SA | 46 | 14500 |
|  TotalEnergies SE | 871 | 53028 |
|  Unibail-Rodamco-Westfield REIT | 2 | 176 |
|  Veolia Environnement SA | 404 | 13771 |
|  Vinci SA | 245 | 33981 |
|  |  | 1407911 |
|  **Germany — 14.7%** |  |  |
|  adidas AG | 103 | 21718 |
|  Allianz SE (Registered) | 278 | 117022 |
|  BASF SE | 302 | 15110 |
|  Bayer AG (Registered) | 457 | 15227 |
|  Bayerische Motoren Werke AG | 112 | 11328 |
|  Beiersdorf AG | 253 | 26435 |
|  Brenntag SE | 114 | 6848 |
|  Commerzbank AG | 555 | 21007 |
|  Continental AG | 2 | 100 |
|  Covestro AG (a) | 61 | 4147 |
|  CTS Eventim AG & Co. KGaA | 25 | 2470 |
|  Daimler Truck Holding AG | 444 | 18362 |
|  Delivery Hero SE, Class A (a) (e) | 3 | 78 |
|  Deutsche Bank AG (Registered) | 1333 | 47202 |
|  Deutsche Boerse AG | 136 | 36319 |
|  Deutsche Lufthansa AG (Registered) | 563 | 4775 |
|  Deutsche Post AG | 896 | 40050 |
|  Deutsche Telekom AG (Registered) | 6841 | 233081 |
|  E.ON SE | 1436 | 27056 |
|  Evonik Industries AG | 87 | 1504 |
|  Fresenius Medical Care AG | 17 | 905 |
|  Fresenius SE & Co. KGaA | 33 | 1856 |
|  GEA Group AG | 137 | 10143 |
|  Hannover Rueck SE | 44 | 13134 |
|  Heidelberg Materials AG | 45 | 10243 |
|  Henkel AG & Co. KGaA | 1 | 99 |
|  Hensoldt AG | 59 | 7710 |
|  Infineon Technologies AG | 19 | 739 |
|  KION Group AG | — (h) | — (h) |
|  Knorr-Bremse AG | 68 | 6361 |
|  LEG Immobilien SE | 1 | 85 |
|  Mercedes-Benz Group AG | 289 | 18237 |
|  Merck KGaA | 60 | 7800 |
|  MTU Aero Engines AG | 50 | 23199 |
|  Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | 94 | 60068 |
|  Nemetschek SE | 69 | 8947 |
|  Rational AG | 5 | 3663 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Germany — continued** |  |  |
|  Rheinmetall AG | 43 | 100241 |
|  RWE AG | 405 | 18005 |
|  SAP SE | 1240 | 332157 |
|  Scout24 SE (e) | 30 | 3792 |
|  Siemens AG | 710 | 191608 |
|  Siemens Energy AG (a) | 1389 | 163363 |
|  Siemens Healthineers AG (e) | 27 | 1442 |
|  Symrise AG, Class A | 45 | 3904 |
|  Talanx AG | 47 | 6233 |
|  Vonovia SE | 11 | 335 |
|  Zalando SE (a) (e) | 3 | 96 |
|  |  | 1644204 |
|  **Greece — 0.1%** |  |  |
|  Alpha Bank SA | 231 | 981 |
|  Eurobank Ergasias Services and Holdings SA | 282 | 1091 |
|  Hellenic Telecommunications Organization SA | 17 | 329 |
|  JUMBO SA | 12 | 427 |
|  National Bank of Greece SA | 97 | 1412 |
|  OPAP SA | 18 | 408 |
|  Piraeus Financial Holdings SA (a) | 116 | 982 |
|  Public Power Corp. SA | 23 | 374 |
|  |  | 6004 |
|  **Hong Kong — 0.8%** |  |  |
|  AIA Group Ltd. | 1846 | 17694 |
|  BOC Hong Kong Holdings Ltd. | 661 | 3097 |
|  CK Asset Holdings Ltd. | 355 | 1719 |
|  CK Hutchison Holdings Ltd. | 479 | 3147 |
|  CK Infrastructure Holdings Ltd. | 122 | 797 |
|  CLP Holdings Ltd. | 296 | 2449 |
|  Futu Holdings Ltd., ADR | 11 | 1849 |
|  Galaxy Entertainment Group Ltd. | 397 | 2183 |
|  Hang Seng Bank Ltd. | 130 | 1977 |
|  Henderson Land Development Co. Ltd. | 281 | 990 |
|  HKT Trust & HKT Ltd. | 727 | 1075 |
|  Hong Kong & China Gas Co. Ltd. | 2056 | 1784 |
|  Hong Kong Exchanges & Clearing Ltd. | 148 | 8402 |
|  Hongkong Land Holdings Ltd. | 205 | 1298 |
|  Jardine Matheson Holdings Ltd. | 30 | 1874 |
|  Link REIT REIT | 470 | 2413 |
|  MTR Corp. Ltd. | 300 | 1016 |
|  Power Assets Holdings Ltd. | 252 | 1592 |
|  Prudential plc | 1859 | 26031 |
|  Sino Land Co. Ltd. | 708 | 895 |
|  SITC International Holdings Co. Ltd. | 261 | 1005 |
|  Sun Hung Kai Properties Ltd. | 259 | 3098 |
|  Swire Pacific Ltd., Class A | 73 | 619 |
|  Techtronic Industries Co. Ltd. | 261 | 3336 |
|  WH Group Ltd. (Registered) (e) | 1539 | 1666 |
|  Wharf Holdings Ltd. (The) | 184 | 526 |
|  Wharf Real Estate Investment Co. Ltd. | 325 | 960 |
|  |  | 93492 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Hungary — 0.0% (g)** |  |  |
|  MOL Hungarian Oil & Gas plc | 49 | 397 |
|  OTP Bank Nyrt | 25 | 2152 |
|  Richter Gedeon Nyrt | 17 | 527 |
|  |  | 3076 |
|  **India — 1.4%** |  |  |
|  ABB India Ltd. | 6 | 349 |
|  Adani Enterprises Ltd. | 15 | 420 |
|  Adani Ports & Special Economic Zone Ltd. | 55 | 862 |
|  Adani Power Ltd. (a) | 309 | 504 |
|  Alkem Laboratories Ltd. | 4 | 264 |
|  Ambuja Cements Ltd. | 57 | 365 |
|  APL Apollo Tubes Ltd. | 18 | 339 |
|  Apollo Hospitals Enterprise Ltd. | 11 | 932 |
|  Ashok Leyland Ltd. | 356 | 574 |
|  Asian Paints Ltd. | 39 | 1027 |
|  Astral Ltd. | 14 | 210 |
|  AU Small Finance Bank Ltd. (e) | 41 | 338 |
|  Aurobindo Pharma Ltd. | 29 | 356 |
|  Avenue Supermarts Ltd. (a) (e) | 16 | 826 |
|  Axis Bank Ltd. | 241 | 3062 |
|  Bajaj Auto Ltd. | 7 | 693 |
|  Bajaj Finance Ltd. | 294 | 3312 |
|  Bajaj Finserv Ltd. | 42 | 941 |
|  Bajaj Holdings & Investment Ltd. | 3 | 394 |
|  Balkrishna Industries Ltd. | 8 | 208 |
|  Bank of Baroda | 104 | 302 |
|  Bharat Electronics Ltd. | 383 | 1745 |
|  Bharat Forge Ltd. | 29 | 394 |
|  Bharat Heavy Electricals Ltd. | 101 | 272 |
|  Bharat Petroleum Corp. Ltd. | 162 | 617 |
|  Bharti Airtel Ltd. | 272 | 5747 |
|  Bosch Ltd. | 1 | 368 |
|  Britannia Industries Ltd. | 11 | 739 |
|  Canara Bank | 269 | 375 |
|  CG Power & Industrial Solutions Ltd. | 77 | 642 |
|  Cholamandalam Investment and Finance Co. Ltd. | 46 | 834 |
|  Cipla Ltd. | 57 | 970 |
|  Coal India Ltd. | 187 | 820 |
|  Colgate-Palmolive India Ltd. | 15 | 372 |
|  Container Corp. Of India Ltd | 34 | 202 |
|  Coromandel International Ltd. | 11 | 289 |
|  Cummins India Ltd. | 15 | 668 |
|  Dabur India Ltd. | 60 | 330 |
|  Divi's Laboratories Ltd. | 12 | 776 |
|  Dixon Technologies India Ltd. (Registered) | 4 | 695 |
|  DLF Ltd. | 85 | 684 |
|  Dr Reddy's Laboratories Ltd. | 59 | 818 |
|  Eicher Motors Ltd. | 15 | 1163 |
|  Eternal Ltd. (a) | 287 | 1055 |
|  FSN E-Commerce Ventures Ltd. (a) | 116 | 302 |
|  GAIL India Ltd. | 237 | 471 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **India — continued** |  |  |
|  GMR Airports Ltd. (a) | 340 | 334 |
|  Godrej Consumer Products Ltd. | 43 | 572 |
|  Godrej Properties Ltd. (a) | 17 | 367 |
|  Grasim Industries Ltd. | 30 | 921 |
|  Havells India Ltd. | 26 | 437 |
|  HCL Technologies Ltd. | 100 | 1559 |
|  HDFC Asset Management Co. Ltd. (e) | 10 | 628 |
|  HDFC Bank Ltd. | 1206 | 12920 |
|  HDFC Life Insurance Co. Ltd. (e) | 98 | 832 |
|  Hero MotoCorp. Ltd. | 12 | 747 |
|  Hindalco Industries Ltd. | 145 | 1241 |
|  Hindustan Aeronautics Ltd. (Registered) | 22 | 1152 |
|  Hindustan Petroleum Corp. Ltd. | 98 | 489 |
|  Hindustan Unilever Ltd. | 87 | 2477 |
|  Hitachi Energy India Ltd. | 1 | 275 |
|  Hyundai Motor India Ltd. | 17 | 505 |
|  ICICI Bank Ltd. | 560 | 8492 |
|  ICICI Lombard General Insurance Co. Ltd. (e) | 26 | 542 |
|  ICICI Prudential Life Insurance Co. Ltd. (e) | 36 | 245 |
|  IDFC First Bank Ltd. | 419 | 329 |
|  Indian Hotels Co. Ltd. (The), Class A | 88 | 715 |
|  Indian Oil Corp. Ltd. | 287 | 484 |
|  Indian Railway Catering & Tourism Corp. Ltd. | 28 | 222 |
|  Indus Towers Ltd. (a) | 133 | 514 |
|  IndusInd Bank Ltd. (a) | 61 | 503 |
|  Info Edge India Ltd. | 41 | 599 |
|  Infosys Ltd. | 354 | 5759 |
|  InterGlobe Aviation Ltd. (e) | 20 | 1272 |
|  ITC Ltd. | 334 | 1509 |
|  Jindal Stainless Ltd. | 35 | 290 |
|  Jindal Steel Ltd. | 44 | 531 |
|  Jio Financial Services Ltd. | 306 | 1009 |
|  JSW Energy Ltd. | 44 | 262 |
|  JSW Steel Ltd. | 62 | 795 |
|  Jubilant Foodworks Ltd. | 46 | 322 |
|  Kalyan Jewellers India Ltd. | 41 | 209 |
|  Kotak Mahindra Bank Ltd. | 116 | 2608 |
|  Larsen & Toubro Ltd. | 72 | 2983 |
|  Lodha Developers Ltd. (e) | 31 | 395 |
|  LTIMindtree Ltd. (e) | 8 | 461 |
|  Lupin Ltd. | 23 | 503 |
|  Mahindra & Mahindra Ltd. | 99 | 3833 |
|  Mankind Pharma Ltd. | 13 | 369 |
|  Marico Ltd. | 55 | 436 |
|  Maruti Suzuki India Ltd. | 13 | 2438 |
|  Max Healthcare Institute Ltd. | 89 | 1113 |
|  Mphasis Ltd. | 12 | 348 |
|  MRF Ltd. | — (h) | 411 |
|  Muthoot Finance Ltd. | 13 | 458 |
|  Nestle India Ltd. | 73 | 953 |
|  NHPC Ltd. | 292 | 284 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **India — continued** |  |  |
|  NMDC Ltd. | 336 | 289 |
|  NTPC Ltd. | 457 | 1753 |
|  Oberoi Realty Ltd. | 13 | 228 |
|  Oil & Natural Gas Corp. Ltd. | 347 | 935 |
|  Oil India Ltd. | 50 | 233 |
|  Oracle Financial Services Software Ltd. | 2 | 224 |
|  Page Industries Ltd. | 1 | 271 |
|  PB Fintech Ltd. (a) | 35 | 680 |
|  Persistent Systems Ltd. | 13 | 681 |
|  Petronet LNG Ltd. | 79 | 248 |
|  Phoenix Mills Ltd. (The) | 19 | 329 |
|  PI Industries Ltd. | 8 | 327 |
|  Pidilite Industries Ltd. | 35 | 573 |
|  Polycab India Ltd. | 6 | 524 |
|  Power Finance Corp. Ltd. | 150 | 695 |
|  Power Grid Corp. of India Ltd | 496 | 1564 |
|  Prestige Estates Projects Ltd. | 19 | 330 |
|  Punjab National Bank | 229 | 290 |
|  Rail Vikas Nigam Ltd. (Registered) | 58 | 224 |
|  REC Ltd. | 142 | 595 |
|  Reliance Industries Ltd. | 653 | 10036 |
|  Samvardhana Motherson International Ltd. | 521 | 620 |
|  SBI Cards & Payment Services Ltd. | 34 | 334 |
|  SBI Life Insurance Co. Ltd. (e) | 46 | 919 |
|  Shree Cement Ltd. | 1 | 339 |
|  Shriram Finance Ltd. | 151 | 1045 |
|  Siemens Ltd. | 9 | 305 |
|  Solar Industries India Ltd. | 3 | 479 |
|  SRF Ltd. | 13 | 428 |
|  State Bank of India | 197 | 1933 |
|  Sun Pharmaceutical Industries Ltd. | 101 | 1819 |
|  Sundaram Finance Ltd. | 7 | 344 |
|  Supreme Industries Ltd. | 6 | 288 |
|  Suzlon Energy Ltd. (a) | 1070 | 663 |
|  Swiggy Ltd. (a) | 97 | 461 |
|  Tata Communications Ltd. | 12 | 218 |
|  Tata Consultancy Services Ltd. | 97 | 3157 |
|  Tata Consumer Products Ltd. | 60 | 769 |
|  Tata Elxsi Ltd. | 4 | 208 |
|  Tata Motors Ltd. | 223 | 1711 |
|  Tata Power Co. Ltd. (The) | 161 | 706 |
|  Tata Steel Ltd. | 791 | 1504 |
|  Tech Mahindra Ltd. | 54 | 859 |
|  Titan Co. Ltd. | 39 | 1493 |
|  Torrent Pharmaceuticals Ltd. | 12 | 498 |
|  Torrent Power Ltd. | 17 | 238 |
|  Trent Ltd. | 19 | 1026 |
|  Tube Investments of India Ltd. | 12 | 411 |
|  TVS Motor Co. Ltd. | 24 | 931 |
|  UltraTech Cement Ltd. | 12 | 1703 |
|  Union Bank of India Ltd. | 158 | 247 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **India — continued** |  |  |
|  United Spirits Ltd. | 36 | 536 |
|  UPL Ltd. | 50 | 373 |
|  Varun Beverages Ltd. | 150 | 750 |
|  Vedanta Ltd. | 141 | 738 |
|  Vishal Mega Mart Ltd. (a) | 220 | 369 |
|  Vodafone Idea Ltd. (a) | 2789 | 255 |
|  Voltas Ltd. | 25 | 382 |
|  WAAREE Energies Ltd. (a) | 10 | 357 |
|  Wipro Ltd. | 264 | 713 |
|  Yes Bank Ltd. (a) | 1371 | 328 |
|  Zydus Lifesciences Ltd. | 25 | 275 |
|  |  | 157039 |
|  **Indonesia — 0.1%** |  |  |
|  Amman Mineral Internasional PT (a) | 1673 | 725 |
|  Astra International Tbk. PT | 2243 | 778 |
|  Bank Central Asia Tbk. PT | 5864 | 2685 |
|  Bank Mandiri Persero Tbk. PT | 4066 | 1075 |
|  Bank Negara Indonesia Persero Tbk. PT | 1682 | 415 |
|  Bank Rakyat Indonesia Persero Tbk. PT | 7424 | 1740 |
|  Barito Pacific Tbk. PT (a) | 2367 | 534 |
|  Chandra Asri Pacific Tbk. PT | 795 | 369 |
|  Charoen Pokphand Indonesia Tbk. PT | 818 | 229 |
|  Dian Swastatika Sentosa Tbk. PT (a) | 33 | 207 |
|  GoTo Gojek Tokopedia Tbk. PT, Class A (a) | 101301 | 329 |
|  Indofood CBP Sukses Makmur Tbk. PT | 240 | 136 |
|  Indofood Sukses Makmur Tbk. PT | 469 | 203 |
|  Kalbe Farma Tbk. PT | 2651 | 180 |
|  Petrindo Jaya Kreasi Tbk. PT | 1764 | 172 |
|  Sumber Alfaria Trijaya Tbk. PT | 1869 | 217 |
|  Telkom Indonesia Persero Tbk. PT | 5346 | 984 |
|  United Tractors Tbk. PT | 177 | 285 |
|  |  | 11263 |
|  **Ireland — 0.8%** |  |  |
|  Accenture plc, Class A | 2 | 453 |
|  AerCap Holdings NV | 88 | 10588 |
|  AIB Group plc | 1530 | 13950 |
|  Allegion plc | — (h) | 44 |
|  Aptiv plc (a) | 1 | 51 |
|  Bank of Ireland Group plc | 693 | 11476 |
|  DCC plc | 48 | 3103 |
|  Eaton Corp. plc | 1 | 440 |
|  Experian plc | 455 | 22832 |
|  James Hardie Industries plc, CDI (a) | 104 | 1933 |
|  Kerry Group plc, Class A | 2 | 200 |
|  Kingspan Group plc | 76 | 6378 |
|  Medtronic plc | 4 | 368 |
|  Ryanair Holdings plc | 419 | 12230 |
|  Smurfit WestRock plc | 2 | 68 |
|  TE Connectivity plc | 1 | 198 |
|  Trane Technologies plc | 1 | 287 |
|  |  | 84599 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Italy — 4.2%** |  |  |
|  Banca Mediolanum SpA | 160 | 3204 |
|  Banca Monte dei Paschi di Siena SpA | 1414 | 12517 |
|  Banco BPM SpA | 821 | 12315 |
|  Bio On Spa (a) (bb) | 1 |  |
|  BPER Banca SPA | 1058 | 11765 |
|  Davide Campari-Milano NV | 9 | 59 |
|  Enel SpA | 5205 | 49321 |
|  Eni SpA | 867 | 15175 |
|  Ferrari NV | 51 | 24484 |
|  FinecoBank Banca Fineco SpA | 441 | 9566 |
|  Generali | 614 | 24129 |
|  Infrastrutture Wireless Italiane SpA (e) | 112 | 1311 |
|  Intesa Sanpaolo SpA | 10256 | 67886 |
|  Leonardo SpA | 200 | 12802 |
|  Moncler SpA | 140 | 8232 |
|  Nexi SpA (e) | 393 | 2226 |
|  Poste Italiane SpA (e) | 329 | 7823 |
|  Prysmian SpA | 139 | 13869 |
|  Recordati Industria Chimica e Farmaceutica SpA | 53 | 3255 |
|  Snam SpA | 1293 | 7765 |
|  Telecom Italia SpA (a) | 4636 | 2429 |
|  Terna - Rete Elettrica Nazionale | 910 | 9234 |
|  UniCredit SpA | 2101 | 159856 |
|  Unipol Assicurazioni SpA | 257 | 5523 |
|  |  | 464746 |
|  **Japan — 6.0%** |  |  |
|  Advantest Corp. | 117 | 11566 |
|  Aeon Co. Ltd. | 339 | 4120 |
|  AGC, Inc. | 30 | 969 |
|  Aisin Corp. | 77 | 1321 |
|  Ajinomoto Co., Inc. | 138 | 3962 |
|  ANA Holdings, Inc. | 24 | 460 |
|  Asahi Group Holdings Ltd. | 219 | 2628 |
|  Asahi Kasei Corp. | 187 | 1471 |
|  Asics Corp. | 107 | 2810 |
|  Astellas Pharma, Inc. | 277 | 3019 |
|  Bandai Namco Holdings, Inc. | 89 | 2971 |
|  Bridgestone Corp. | 87 | 4021 |
|  Canon, Inc. | 133 | 3876 |
|  Capcom Co. Ltd. | 53 | 1444 |
|  Central Japan Railway Co. | 118 | 3392 |
|  Chiba Bank Ltd. (The) | 85 | 892 |
|  Chubu Electric Power Co., Inc. | 104 | 1447 |
|  Chugai Pharmaceutical Co. Ltd. | 102 | 4531 |
|  Concordia Financial Group Ltd. | 158 | 1208 |
|  Dai Nippon Printing Co. Ltd. | 60 | 1024 |
|  Daifuku Co. Ltd. | 50 | 1584 |
|  Dai-ichi Life Holdings, Inc. | 534 | 4201 |
|  Daiichi Sankyo Co. Ltd. | 259 | 5837 |
|  Daikin Industries Ltd. | 40 | 4657 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Japan — continued** |  |  |
|  Daito Trust Construction Co. Ltd. | 44 | 965 |
|  Daiwa House Industry Co. Ltd. | 85 | 3060 |
|  Daiwa Securities Group, Inc. | 202 | 1639 |
|  Denso Corp. | 268 | 3853 |
|  Disco Corp. | 14 | 4421 |
|  East Japan Railway Co. | 147 | 3605 |
|  Eisai Co. Ltd. | 40 | 1358 |
|  ENEOS Holdings, Inc. | 412 | 2612 |
|  FANUC Corp. | 143 | 4107 |
|  Fast Retailing Co. Ltd. | 29 | 8868 |
|  Fuji Electric Co. Ltd. | 20 | 1367 |
|  FUJIFILM Holdings Corp. | 171 | 4248 |
|  Fujikura Ltd. | 38 | 3756 |
|  Fujitsu Ltd. | 269 | 6306 |
|  Hankyu Hanshin Holdings, Inc. | 37 | 1091 |
|  Hikari Tsushin, Inc. | 3 | 724 |
|  Hitachi Ltd. | 699 | 18524 |
|  Honda Motor Co. Ltd. | 604 | 6235 |
|  Hoya Corp. | 52 | 7245 |
|  Hulic Co. Ltd. | 72 | 785 |
|  Idemitsu Kosan Co. Ltd. | 121 | 829 |
|  IHI Corp. | 157 | 2920 |
|  Inpex Corp. | 134 | 2413 |
|  Isuzu Motors Ltd. | 82 | 1027 |
|  ITOCHU Corp. | 181 | 10321 |
|  Japan Airlines Co. Ltd. | 22 | 451 |
|  Japan Exchange Group, Inc. | 152 | 1694 |
|  Japan Post Bank Co. Ltd. | 274 | 3353 |
|  Japan Post Holdings Co. Ltd. | 271 | 2692 |
|  Japan Post Insurance Co. Ltd. | 28 | 794 |
|  Japan Tobacco, Inc. | 184 | 6022 |
|  JFE Holdings, Inc. | 87 | 1063 |
|  Kajima Corp. | 65 | 1900 |
|  Kansai Electric Power Co., Inc. (The) | 146 | 2087 |
|  KAO Corp. | 71 | 3107 |
|  Kawasaki Heavy Industries Ltd. | 23 | 1538 |
|  Kawasaki Kisen Kaisha Ltd. | 54 | 774 |
|  KDDI Corp. | 480 | 7651 |
|  Keyence Corp. | 30 | 11065 |
|  Kikkoman Corp. | 106 | 893 |
|  Kirin Holdings Co. Ltd. | 118 | 1729 |
|  Kobe Bussan Co. Ltd. | 24 | 648 |
|  Komatsu Ltd. | 145 | 5048 |
|  Konami Group Corp. | 15 | 2207 |
|  Kubota Corp. | 148 | 1860 |
|  Kyocera Corp. | 195 | 2618 |
|  Kyowa Kirin Co. Ltd. | 37 | 577 |
|  Lasertec Corp. | 12 | 1683 |
|  LY Corp. | 427 | 1371 |
|  M3, Inc. | 67 | 1088 |
|  Makita Corp. | 34 | 1099 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Japan — continued** |  |  |
|  Marubeni Corp. | 216 | 5387 |
|  MatsukiyoCocokara & Co. | 50 | 1014 |
|  MEIJI Holdings Co. Ltd. | 37 | 761 |
|  MINEBEA MITSUMI, Inc. | 56 | 1043 |
|  Mitsubishi Chemical Group Corp. | 194 | 1112 |
|  Mitsubishi Corp. | 491 | 11710 |
|  Mitsubishi Electric Corp. | 290 | 7459 |
|  Mitsubishi Estate Co. Ltd. | 163 | 3735 |
|  Mitsubishi HC Capital, Inc. | 135 | 1114 |
|  Mitsubishi Heavy Industries Ltd. | 489 | 12802 |
|  Mitsubishi UFJ Financial Group, Inc. | 1750 | 28233 |
|  Mitsui & Co. Ltd. | 377 | 9359 |
|  Mitsui Fudosan Co. Ltd. | 402 | 4376 |
|  Mitsui OSK Lines Ltd. | 52 | 1582 |
|  Mizuho Financial Group, Inc. | 384 | 12905 |
|  MonotaRO Co. Ltd. | 38 | 544 |
|  MS&AD Insurance Group Holdings, Inc. | 197 | 4450 |
|  Murata Manufacturing Co. Ltd. | 255 | 4833 |
|  NEC Corp. | 198 | 6341 |
|  Nexon Co. Ltd. | 51 | 1108 |
|  NIDEC Corp., | 128 | 2272 |
|  Nintendo Co. Ltd. | 169 | 14578 |
|  Nippon Building Fund, Inc. REIT | 1 | 1159 |
|  Nippon Paint Holdings Co. Ltd. | 147 | 1006 |
|  Nippon Sanso Holdings Corp. | 27 | 949 |
|  Nippon Steel Corp. | 734 | 3023 |
|  Nippon Yusen KK | 67 | 2269 |
|  Nissan Motor Co. Ltd. (a) | 348 | 847 |
|  Nissin Foods Holdings Co. Ltd. | 29 | 554 |
|  Nitori Holdings Co. Ltd. | 61 | 1179 |
|  Nitto Denko Corp. | 109 | 2572 |
|  Nomura Holdings, Inc. | 459 | 3365 |
|  Nomura Research Institute Ltd. | 58 | 2215 |
|  NTT, Inc. | 4550 | 4756 |
|  Obayashi Corp. | 100 | 1633 |
|  Obic Co. Ltd. | 50 | 1732 |
|  Olympus Corp. | 173 | 2186 |
|  Oracle Corp. Japan | 6 | 582 |
|  Oriental Land Co. Ltd. | 165 | 3972 |
|  ORIX Corp. | 178 | 4664 |
|  Osaka Gas Co. Ltd. | 54 | 1561 |
|  Otsuka Corp. | 36 | 741 |
|  Otsuka Holdings Co. Ltd. | 67 | 3552 |
|  Pan Pacific International Holdings Corp. | 290 | 1906 |
|  Panasonic Holdings Corp. | 358 | 3880 |
|  Rakuten Group, Inc. (a) | 232 | 1504 |
|  Recruit Holdings Co. Ltd. | 203 | 10909 |
|  Renesas Electronics Corp. | 257 | 2957 |
|  Resona Holdings, Inc. | 317 | 3235 |
|  Ryohin Keikaku Co. Ltd. | 76 | 1512 |
|  Sanrio Co. Ltd. | 27 | 1258 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Japan — continued** |  |  |
|  SBI Holdings, Inc. | 43 | 1872 |
|  SCREEN Holdings Co. Ltd. | 13 | 1133 |
|  SCSK Corp. | 24 | 715 |
|  Secom Co. Ltd. | 64 | 2341 |
|  Sekisui Chemical Co. Ltd. | 56 | 1048 |
|  Sekisui House Ltd. | 91 | 2067 |
|  Seven & i Holdings Co. Ltd. | 316 | 4242 |
|  SG Holdings Co. Ltd. | 44 | 451 |
|  Shimadzu Corp. | 36 | 908 |
|  Shimano, Inc. | 12 | 1285 |
|  Shin-Etsu Chemical Co. Ltd. | 257 | 8425 |
|  Shionogi & Co. Ltd. | 115 | 2026 |
|  Shiseido Co. Ltd. | 61 | 1043 |
|  SMC Corp. | 9 | 2689 |
|  SoftBank Corp. | 4390 | 6457 |
|  SoftBank Group Corp. | 146 | 18397 |
|  Sompo Holdings, Inc. | 136 | 4189 |
|  Sony Financial Group, Inc. (a) | 939 | 1041 |
|  Sony Group Corp. | 939 | 26982 |
|  Subaru Corp. | 89 | 1822 |
|  Sumitomo Corp. | 167 | 4817 |
|  Sumitomo Electric Industries Ltd. | 109 | 3101 |
|  Sumitomo Metal Mining Co. Ltd. | 38 | 1223 |
|  Sumitomo Mitsui Financial Group, Inc. | 563 | 15850 |
|  Sumitomo Mitsui Trust Group, Inc. | 98 | 2839 |
|  Sumitomo Realty & Development Co. Ltd. | 48 | 2100 |
|  Suntory Beverage & Food Ltd. | 21 | 669 |
|  Suzuki Motor Corp. | 238 | 3468 |
|  Sysmex Corp. | 78 | 964 |
|  T&D Holdings, Inc. | 74 | 1814 |
|  Taisei Corp. | 24 | 1622 |
|  Takeda Pharmaceutical Co. Ltd. | 243 | 7134 |
|  TDK Corp. | 295 | 4275 |
|  Terumo Corp. | 203 | 3341 |
|  TIS, Inc. | 33 | 1085 |
|  Toho Co. Ltd. | 16 | 1022 |
|  Tokio Marine Holdings, Inc. | 281 | 11872 |
|  Tokyo Electron Ltd. | 68 | 12125 |
|  Tokyo Gas Co. Ltd. | 48 | 1721 |
|  Tokyo Metro Co. Ltd. | 45 | 519 |
|  Tokyu Corp. | 76 | 928 |
|  TOPPAN Holdings, Inc. | 36 | 915 |
|  Toray Industries, Inc. | 210 | 1341 |
|  Toyota Industries Corp. | 25 | 2789 |
|  Toyota Motor Corp. | 1446 | 27774 |
|  Toyota Tsusho Corp. | 105 | 2904 |
|  Trend Micro, Inc. | 19 | 1056 |
|  Unicharm Corp. | 173 | 1120 |
|  West Japan Railway Co. | 64 | 1406 |
|  Yakult Honsha Co. Ltd. | 37 | 610 |
|  Yamaha Motor Co. Ltd. | 141 | 1056 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Japan — continued** |  |  |
|  Yokogawa Electric Corp. | 35 | 990 |
|  Zensho Holdings Co. Ltd. | 15 | 947 |
|  ZOZO, Inc. | 67 | 611 |
|  |  | 664239 |
|  **Kuwait — 0.1%** |  |  |
|  Boubyan Bank KSCP | 156 | 361 |
|  Gulf Bank KSCP | 225 | 257 |
|  Kuwait Finance House KSCP | 1208 | 3143 |
|  Mabanee Co. KPSC | 58 | 186 |
|  Mobile Telecommunications Co. KSCP | 255 | 430 |
|  National Bank of Kuwait SAKP | 882 | 3063 |
|  Warba Bank KSCP (a) | 321 | 299 |
|  |  | 7739 |
|  **Luxembourg — 0.2%** |  |  |
|  ArcelorMittal SA | 419 | 15120 |
|  CVC Capital Partners plc (e) | 156 | 2722 |
|  Eurofins Scientific SE | 9 | 672 |
|  Reinet Investments SCA | 15 | 437 |
|  Tenaris SA | 125 | 2244 |
|  Zabka Group SA (a) | 27 | 174 |
|  |  | 21369 |
|  **Macau — 0.0% (g)** |  |  |
|  Sands China Ltd. | 459 | 1275 |
|  **Malaysia — 0.1%** |  |  |
|  AMMB Holdings Bhd. | 251 | 337 |
|  Axiata Group Bhd. | 273 | 174 |
|  CELCOMDIGI BHD | 323 | 284 |
|  CIMB Group Holdings Bhd. | 814 | 1422 |
|  Gamuda Bhd. | 529 | 697 |
|  Hong Leong Bank Bhd. | 75 | 363 |
|  IHH Healthcare Bhd. | 211 | 379 |
|  IOI Corp. Bhd | 275 | 258 |
|  Kuala Lumpur Kepong Bhd. | 51 | 248 |
|  Malayan Banking Bhd. | 646 | 1521 |
|  Maxis Bhd. | 276 | 238 |
|  MISC Bhd. | 139 | 240 |
|  MR DIY Group M Bhd. (e) | 397 | 155 |
|  Nestle Malaysia Bhd. | 9 | 197 |
|  Petronas Chemicals Group Bhd. | 311 | 313 |
|  Petronas Dagangan Bhd. | 30 | 161 |
|  Petronas Gas Bhd. | 89 | 389 |
|  Press Metal Aluminium Holdings Bhd. | 383 | 538 |
|  Public Bank Bhd. | 1470 | 1515 |
|  QL Resources Bhd. | 150 | 155 |
|  RHB Bank Bhd. | 179 | 281 |
|  SD Guthrie Bhd. | 223 | 276 |
|  Sunway Bhd. | 267 | 358 |
|  Telekom Malaysia Bhd. | 104 | 174 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Malaysia — continued** |  |  |
|  Tenaga Nasional Bhd. | 264 | 831 |
|  YTL Corp. Bhd | 292 | 193 |
|  YTL Power International Bhd. | 322 | 323 |
|  |  | 12020 |
|  **Mexico — 0.2%** |  |  |
|  Alfa SAB de CV, Class A | 366 | 293 |
|  America Movil SAB de CV | 2028 | 2128 |
|  Arca Continental SAB de CV | 51 | 541 |
|  Cemex SAB de CV | 1609 | 1446 |
|  Coca-Cola Femsa SAB de CV | 55 | 460 |
|  Fibra Uno Administracion SA de CV REIT | 349 | 518 |
|  Fomento Economico Mexicano SAB de CV | 185 | 1826 |
|  Fresnillo plc | 197 | 6298 |
|  Gruma SAB de CV, Class B | 15 | 285 |
|  Grupo Aeroportuario del Centro Norte SAB de CV, Class B | 32 | 407 |
|  Grupo Aeroportuario del Pacifico SAB de CV, Class B | 39 | 919 |
|  Grupo Aeroportuario del Sureste SAB de CV, Class B | 18 | 575 |
|  Grupo Bimbo SAB de CV | 140 | 497 |
|  Grupo Carso SAB de CV | 60 | 429 |
|  Grupo Comercial Chedraui SA de CV | 40 | 315 |
|  Grupo Financiero Banorte SAB de CV, Class O | 273 | 2740 |
|  Grupo Financiero Inbursa SAB de CV, Class O | 181 | 499 |
|  Grupo Mexico SAB de CV | 339 | 2953 |
|  Industrias Penoles SAB de CV (a) | 21 | 947 |
|  Kimberly-Clark de Mexico SAB de CV, Class A | 150 | 316 |
|  Prologis Property Mexico SA de CV REIT | 114 | 466 |
|  Promotora y Operadora de Infraestructura SAB de CV | 21 | 292 |
|  Qualitas Controladora SAB de CV | 23 | 210 |
|  Wal-Mart de Mexico SAB de CV | 580 | 1793 |
|  |  | 27153 |
|  **Netherlands — 5.1%** |  |  |
|  ABN AMRO Bank NV, CVA (e) | 420 | 13489 |
|  Adyen NV (a) (e) | 18 | 29203 |
|  Aegon Ltd. | 950 | 7660 |
|  Akzo Nobel NV | 58 | 4138 |
|  Argenx SE (a) | 5 | 3549 |
|  ASM International NV | 32 | 19538 |
|  ASML Holding NV | 272 | 265421 |
|  ASR Nederland NV | 114 | 7725 |
|  BE Semiconductor Industries NV | 51 | 7567 |
|  Euronext NV (e) | 56 | 8432 |
|  EXOR NV | 67 | 6603 |
|  Ferrovial SE | 254 | 14600 |
|  Heineken Holding NV | 2 | 123 |
|  Heineken NV | 4 | 328 |
|  IMCD NV | 29 | 3023 |
|  ING Groep NV | 2176 | 57044 |
|  JDE Peet's NV | 3 | 97 |
|  Koninklijke Ahold Delhaize NV | 13 | 526 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Netherlands — continued** |  |  |
|  Koninklijke KPN NV | 1568 | 7527 |
|  Koninklijke Philips NV | 61 | 1665 |
|  NEPI Rockcastle NV (a) | 66 | 527 |
|  NN Group NV | 193 | 13576 |
|  NXP Semiconductors NV | 1 | 172 |
|  Prosus NV (a) | 804 | 56861 |
|  QIAGEN NV | 17 | 751 |
|  Randstad NV | 54 | 2319 |
|  Stellantis NV | 809 | 7506 |
|  Universal Music Group NV | 444 | 12838 |
|  Wolters Kluwer NV | 118 | 16119 |
|  |  | 568927 |
|  **New Zealand — 0.1%** |  |  |
|  Auckland International Airport Ltd. | 208 | 950 |
|  Contact Energy Ltd. | 132 | 695 |
|  Fisher & Paykel Healthcare Corp. Ltd. | 104 | 2237 |
|  Infratil Ltd. | 176 | 1259 |
|  Meridian Energy Ltd. | 226 | 731 |
|  Xero Ltd. (a) | 29 | 3071 |
|  |  | 8943 |
|  **Norway — 0.5%** |  |  |
|  Aker BP ASA | 105 | 2667 |
|  DNB Bank ASA | 641 | 17469 |
|  Equinor ASA | 326 | 7938 |
|  Gjensidige Forsikring ASA | 144 | 4219 |
|  Kongsberg Gruppen ASA | 218 | 6977 |
|  Mowi ASA | 6 | 135 |
|  Norsk Hydro ASA | 1236 | 8407 |
|  Orkla ASA | 10 | 105 |
|  Salmar ASA | 1 | 60 |
|  Telenor ASA | 249 | 4138 |
|  Yara International ASA | 56 | 2055 |
|  |  | 54170 |
|  **Peru — 0.0% (g)** |  |  |
|  Cia de Minas Buenaventura SAA, ADR | 22 | 525 |
|  Credicorp Ltd. | 7 | 1993 |
|  |  | 2518 |
|  **Philippines — 0.0% (g)** |  |  |
|  Ayala Corp. | 24 | 200 |
|  Ayala Land, Inc. | 600 | 251 |
|  Bank of the Philippine Islands | 219 | 432 |
|  BDO Unibank, Inc. | 245 | 560 |
|  International Container Terminal Services, Inc. | 110 | 894 |
|  Jollibee Foods Corp. | 59 | 217 |
|  Manila Electric Co. | 26 | 239 |
|  Metropolitan Bank & Trust Co. | 186 | 218 |
|  PLDT, Inc. | 7 | 138 |
|  SM Investments Corp. | 23 | 291 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Philippines — continued** |  |  |
|  SM Prime Holdings, Inc. | 968 | 374 |
|  |  | 3814 |
|  **Poland — 0.1%** |  |  |
|  Allegro.eu SA (a) (e) | 69 | 681 |
|  Bank Millennium SA (a) | 65 | 258 |
|  Bank Polska Kasa Opieki SA | 20 | 950 |
|  Budimex SA | 2 | 212 |
|  CCC SA (a) | 5 | 266 |
|  CD Projekt SA | 7 | 496 |
|  Dino Polska SA (a) (e) | 56 | 679 |
|  InPost SA (a) | 125 | 1542 |
|  KGHM Polska Miedz SA (a) | 15 | 680 |
|  LPP SA | — (h) | 560 |
|  mBank SA (a) | 1 | 354 |
|  ORLEN SA | 65 | 1558 |
|  PGE Polska Grupa Energetyczna SA (a) | 86 | 255 |
|  Powszechna Kasa Oszczednosci Bank Polski SA | 99 | 1923 |
|  Powszechny Zaklad Ubezpieczen SA | 65 | 973 |
|  Santander Bank Polska SA | 4 | 564 |
|  |  | 11951 |
|  **Portugal — 0.2%** |  |  |
|  Banco Comercial Portugues SA, Class R | 6019 | 5343 |
|  EDP SA | 2025 | 9609 |
|  Galp Energia SGPS SA | 177 | 3349 |
|  Jeronimo Martins SGPS SA | 4 | 97 |
|  |  | 18398 |
|  **Qatar — 0.1%** |  |  |
|  Al Rayan Bank | 767 | 501 |
|  Barwa Real Estate Co. | 255 | 187 |
|  Commercial Bank PSQC (The) | 350 | 441 |
|  Dukhan Bank | 162 | 158 |
|  Industries Qatar QSC | 177 | 607 |
|  Mesaieed Petrochemical Holding Co. | 433 | 154 |
|  Ooredoo QPSC | 81 | 304 |
|  Qatar Electricity & Water Co. QSC | 52 | 228 |
|  Qatar Fuel QSC | 47 | 197 |
|  Qatar Gas Transport Co. Ltd. | 267 | 337 |
|  Qatar International Islamic Bank QSC | 98 | 292 |
|  Qatar Islamic Bank QPSC | 179 | 1175 |
|  Qatar National Bank QPSC | 480 | 2449 |
|  |  | 7030 |
|  **Saudi Arabia — 0.3%** |  |  |
|  ACWA Power Co. (a) | 15 | 884 |
|  Ades Holding Co. | 29 | 128 |
|  Al Rajhi Bank | 206 | 5877 |
|  Al Rajhi Co. for Co-operative Insurance (a) | 5 | 154 |
|  Alinma Bank | 149 | 1066 |
|  Almarai Co. JSC | 51 | 690 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Saudi Arabia — continued** |  |  |
|  Arab National Bank | 99 | 652 |
|  Arabian Internet & Communications Services Co. | 2 | 157 |
|  Bank AlBilad | 72 | 556 |
|  Bank Al-Jazira (a) | 71 | 244 |
|  Banque Saudi Fransi | 130 | 619 |
|  Bupa Arabia for Cooperative Insurance Co. | 9 | 390 |
|  Co. for Cooperative Insurance (The) | 7 | 249 |
|  Dallah Healthcare Co. | 3 | 121 |
|  Dar Al Arkan Real Estate Development Co. (a) | 52 | 277 |
|  Dr Sulaiman Al Habib Medical Services Group Co. | 9 | 665 |
|  Elm Co. | 2 | 589 |
|  Etihad Etisalat Co. | 39 | 699 |
|  Jabal Omar Development Co. (a) | 55 | 287 |
|  Jarir Marketing Co. | 69 | 257 |
|  Makkah Construction & Development Co. | 10 | 246 |
|  Mouwasat Medical Services Co. | 11 | 225 |
|  Nahdi Medical Co. | 5 | 145 |
|  Riyad Bank | 148 | 1077 |
|  SABIC Agri-Nutrients Co. | 24 | 749 |
|  Sahara International Petrochemical Co. | 32 | 172 |
|  SAL Saudi Logistics Services | 3 | 157 |
|  Saudi Arabian Mining Co. (a) | 139 | 2375 |
|  Saudi Arabian Oil Co. (e) | 662 | 4344 |
|  Saudi Aramco Base Oil Co. | 6 | 132 |
|  Saudi Awwal Bank | 109 | 935 |
|  Saudi Basic Industries Corp. | 95 | 1559 |
|  Saudi Electricity Co. | 94 | 380 |
|  Saudi Investment Bank (The) | 86 | 327 |
|  Saudi National Bank (The) | 304 | 3173 |
|  Saudi Research & Media Group (a) | 3 | 157 |
|  Saudi Tadawul Group Holding Co. | 5 | 293 |
|  Saudi Telecom Co. | 220 | 2588 |
|  Yanbu National Petrochemical Co. | 30 | 283 |
|  |  | 33878 |
|  **Singapore — 0.5%** |  |  |
|  CapitaLand Ascendas REIT | 680 | 1471 |
|  CapitaLand Integrated Commercial Trust REIT | 1050 | 1865 |
|  CapitaLand Investment Ltd. | 437 | 913 |
|  DBS Group Holdings Ltd. | 367 | 14563 |
|  Genting Singapore Ltd. | 1193 | 680 |
|  Grab Holdings Ltd., Class A (a) | 427 | 2570 |
|  Keppel Ltd. | 262 | 1813 |
|  Oversea-Chinese Banking Corp. Ltd. | 584 | 7449 |
|  Sea Ltd., ADR (a) | 67 | 11902 |
|  Sembcorp Industries Ltd. | 171 | 797 |
|  Singapore Airlines Ltd. | 278 | 1405 |
|  Singapore Exchange Ltd. | 102 | 1311 |
|  Singapore Technologies Engineering Ltd. | 280 | 1868 |
|  Singapore Telecommunications Ltd. | 1302 | 4164 |
|  United Overseas Bank Ltd. | 218 | 5844 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Singapore — continued** |  |  |
|  Wilmar International Ltd. | 365 | 807 |
|  |  | 59422 |
|  **South Africa — 0.3%** |  |  |
|  Absa Group Ltd. | 92 | 970 |
|  Bid Corp. Ltd. | 34 | 852 |
|  Bidvest Group Ltd. | 35 | 431 |
|  Capitec Bank Holdings Ltd. | 10 | 1938 |
|  Clicks Group Ltd. | 28 | 579 |
|  Discovery Ltd. | 57 | 650 |
|  E Media Holdings Ltd. | 24 | 2 |
|  FirstRand Ltd. | 525 | 2362 |
|  Gold Fields Ltd. | 94 | 3954 |
|  Harmony Gold Mining Co. Ltd. | 58 | 1043 |
|  Impala Platinum Holdings Ltd. | 91 | 1165 |
|  MTN Group Ltd. | 181 | 1519 |
|  Naspers Ltd., Class N | 17 | 6117 |
|  Nedbank Group Ltd. | 47 | 579 |
|  Old Mutual Ltd. | 482 | 373 |
|  OUTsurance Group Ltd. | 84 | 350 |
|  Pepkor Holdings Ltd. (e) | 358 | 505 |
|  Remgro Ltd. | 56 | 545 |
|  Sanlam Ltd. | 195 | 946 |
|  Sasol Ltd. (a) | 55 | 340 |
|  Shoprite Holdings Ltd. | 51 | 805 |
|  Sibanye Stillwater Ltd. (a) | 283 | 800 |
|  Standard Bank Group Ltd. | 141 | 1924 |
|  Valterra Platinum Ltd. | 26 | 1873 |
|  Vodacom Group Ltd. | 63 | 490 |
|  |  | 31112 |
|  **South Korea — 2.0%** |  |  |
|  Alteogen, Inc. (a) | 4 | 1399 |
|  Amorepacific Corp. | 3 | 249 |
|  Celltrion, Inc. | 17 | 2165 |
|  Coway Co. Ltd. | 6 | 410 |
|  DB Insurance Co. Ltd. | 5 | 448 |
|  Doosan Bobcat, Inc. | 6 | 222 |
|  Doosan Co. Ltd. | 1 | 269 |
|  Doosan Enerbility Co. Ltd. (a) | 48 | 2151 |
|  Ecopro BM Co. Ltd. (a) | 5 | 426 |
|  Ecopro Co. Ltd. | 11 | 379 |
|  Hana Financial Group, Inc. | 31 | 1942 |
|  Hanjin Kal Corp. | 3 | 191 |
|  Hankook Tire & Technology Co. Ltd. | 8 | 208 |
|  Hanmi Semiconductor Co. Ltd. | 4 | 295 |
|  Hanwha Aerospace Co. Ltd. | 4 | 2808 |
|  Hanwha Ocean Co. Ltd. (a) | 13 | 1024 |
|  Hanwha Systems Co. Ltd. | 7 | 310 |
|  HD Hyundai Co. Ltd. | 5 | 516 |
|  HD Hyundai Electric Co. Ltd. | 3 | 1063 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **South Korea — continued** |  |  |
|  HD Hyundai Heavy Industries Co. Ltd. | 2 | 863 |
|  HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | 5 | 1322 |
|  HLB, Inc. (a) | 12 | 332 |
|  HMM Co. Ltd. | 27 | 383 |
|  HYBE Co. Ltd. (a) | 2 | 463 |
|  Hyosung Heavy Industries Corp. | 1 | 560 |
|  Hyundai Glovis Co. Ltd. | 4 | 478 |
|  Hyundai Mobis Co. Ltd. | 7 | 1392 |
|  Hyundai Motor Co. | 14 | 2172 |
|  Hyundai Rotem Co. Ltd. | 8 | 1287 |
|  Industrial Bank of Korea | 36 | 494 |
|  Kakao Corp. | 33 | 1397 |
|  KakaoBank Corp. | 18 | 306 |
|  KB Financial Group, Inc. | 39 | 3182 |
|  Kia Corp. | 26 | 1862 |
|  Korea Aerospace Industries Ltd. | 7 | 568 |
|  Korea Electric Power Corp. | 26 | 673 |
|  Korea Investment Holdings Co. Ltd. | 5 | 551 |
|  Korea Zinc Co. Ltd. | — (h) | 273 |
|  Korean Air Lines Co. Ltd. | 17 | 283 |
|  Krafton, Inc. (a) | 3 | 611 |
|  KT&G Corp. | 10 | 939 |
|  LG Chem Ltd. | 5 | 991 |
|  LG Corp. | 9 | 441 |
|  LG Display Co. Ltd. (a) | 35 | 357 |
|  LG Electronics, Inc. | 11 | 603 |
|  LG Energy Solution Ltd. (a) | 5 | 1244 |
|  LG H&H Co. Ltd. | 1 | 206 |
|  LG Uplus Corp. | 22 | 245 |
|  LIG Nex1 Co. Ltd. | 1 | 512 |
|  LS Electric Co. Ltd. | 1 | 301 |
|  Meritz Financial Group, Inc. | 8 | 681 |
|  Mirae Asset Securities Co. Ltd. | 25 | 387 |
|  NAVER Corp. | 15 | 2917 |
|  NH Investment & Securities Co. Ltd. | 21 | 292 |
|  Orion Corp. | 3 | 203 |
|  POSCO Future M Co. Ltd. (a) | 4 | 389 |
|  POSCO Holdings, Inc. | 8 | 1503 |
|  Posco International Corp. | 5 | 158 |
|  Samsung Biologics Co. Ltd. (a) (e) | 2 | 1410 |
|  Samsung C&T Corp. | 10 | 1253 |
|  Samsung Electro-Mechanics Co. Ltd. | 6 | 830 |
|  Samsung Electronics Co. Ltd. | 2174 | 130331 |
|  Samsung Electronics Co. Ltd. (Registered), GDR | 9 | 13304 |
|  Samsung Fire & Marine Insurance Co. Ltd. | 3 | 1001 |
|  Samsung Heavy Industries Co. Ltd. (a) | 76 | 1181 |
|  Samsung Life Insurance Co. Ltd. | 8 | 903 |
|  Samsung SDI Co. Ltd. | 7 | 998 |
|  Samsung SDS Co. Ltd. | 4 | 476 |
|  Samyang Foods Co. Ltd. | — (h) | 471 |
|  Shinhan Financial Group Co. Ltd. | 46 | 2318 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **South Korea — continued** |  |  |
|  SK Biopharmaceuticals Co. Ltd. (a) | 3 | 252 |
|  SK Hynix, Inc. | 58 | 14405 |
|  SK Innovation Co. Ltd. | 7 | 529 |
|  SK Square Co. Ltd. (a) | 10 | 1433 |
|  SK Telecom Co. Ltd. | 6 | 229 |
|  SK, Inc. | 4 | 620 |
|  S-Oil Corp. (a) | 5 | 229 |
|  Woori Financial Group, Inc. | 68 | 1250 |
|  Yuhan Corp. | 6 | 495 |
|  |  | 222214 |
|  **Spain — 3.4%** |  |  |
|  Acciona SA | 16 | 3200 |
|  ACS Actividades de Construccion y Servicios SA | 89 | 7146 |
|  Aena SME SA (e) | 372 | 10163 |
|  Amadeus IT Group SA | 6 | 515 |
|  Banco Bilbao Vizcaya Argentaria SA | 4151 | 79980 |
|  Banco de Sabadell SA | 3621 | 14132 |
|  Banco Santander SA | 10720 | 112500 |
|  Bankinter SA | 485 | 7664 |
|  CaixaBank SA | 2807 | 29647 |
|  Cellnex Telecom SA (e) | 200 | 6925 |
|  EDP Renovaveis SA | 203 | 2678 |
|  Endesa SA | 207 | 6619 |
|  Grifols SA | 24 | 346 |
|  Iberdrola SA | 4070 | 77040 |
|  Industria de Diseno Textil SA | 16 | 875 |
|  Redeia Corp. SA | 213 | 4118 |
|  Repsol SA | 491 | 8738 |
|  Telefonica SA | 1489 | 7665 |
|  |  | 379951 |
|  **Sweden — 3.0%** |  |  |
|  AddTech AB, Class B | 129 | 4201 |
|  Alfa Laval AB | 144 | 6556 |
|  Assa Abloy AB, Class B | 497 | 17294 |
|  Atlas Copco AB, Class A | 1329 | 22535 |
|  Atlas Copco AB, Class B | 773 | 11635 |
|  Beijer Ref AB, Class B | 191 | 2989 |
|  Boliden AB (a) | 254 | 10374 |
|  Epiroc AB, Class A | 327 | 6923 |
|  Epiroc AB, Class B | 193 | 3649 |
|  EQT AB | 265 | 9205 |
|  Essity AB, Class B | 9 | 235 |
|  Evolution AB (e) | 2 | 168 |
|  Fastighets AB Balder, Class B (a) | 11 | 76 |
|  H & M Hennes & Mauritz AB, Class B | 8 | 146 |
|  Hexagon AB, Class B | 30 | 359 |
|  Holmen AB, Class B | 26 | 994 |
|  Industrivarden AB, Class A | 86 | 3414 |
|  Industrivarden AB, Class C | 112 | 4438 |
|  Indutrade AB | 135 | 3097 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Sweden — continued** |  |  |
|  Investment AB Latour, Class B | 72 | 1701 |
|  Investor AB, Class B | 1246 | 39008 |
|  L E Lundbergforetagen AB, Class B | 54 | 2814 |
|  Lifco AB, Class B | 115 | 3883 |
|  Nibe Industrier AB, Class B | 752 | 2973 |
|  Saab AB, Class B | 159 | 9760 |
|  Sagax AB, Class B | 3 | 68 |
|  Sandvik AB | 528 | 14747 |
|  Securitas AB, Class B | 243 | 3659 |
|  Skandinaviska Enskilda Banken AB, Class A | 1090 | 21381 |
|  Skanska AB, Class B | 169 | 4389 |
|  SKF AB, Class B | 168 | 4185 |
|  Spotify Technology SA (a) | 62 | 43081 |
|  Svenska Cellulosa AB SCA, Class B | 205 | 2720 |
|  Svenska Handelsbanken AB, Class A | 1051 | 13716 |
|  Swedbank AB, Class A | 613 | 18508 |
|  Swedish Orphan Biovitrum AB (a) | 15 | 470 |
|  Tele2 AB, Class B | 221 | 3765 |
|  Telefonaktiebolaget LM Ericsson, Class B | 40 | 335 |
|  Telia Co. AB | 951 | 3629 |
|  Trelleborg AB, Class B | 100 | 3722 |
|  Volvo AB, Class B | 787 | 22623 |
|  |  | 329425 |
|  **Switzerland — 10.6%** |  |  |
|  ABB Ltd. (Registered) | 776 | 56148 |
|  Alcon AG | 39 | 2940 |
|  Amcor plc | 9 | 70 |
|  Amrize Ltd. (a) | 173 | 8440 |
|  Avolta AG | 1 | 74 |
|  Baloise Holding AG (Registered) | 30 | 7332 |
|  Banque Cantonale Vaudoise (Registered) | 22 | 2592 |
|  Barry Callebaut AG (Registered) | 4 | 6107 |
|  Belimo Holding AG (Registered) | 5 | 5123 |
|  BKW AG | 14 | 2953 |
|  Chocoladefabriken Lindt & Spruengli AG | 1 | 17827 |
|  Chocoladefabriken Lindt & Spruengli AG (Registered) | — (h) | 20013 |
|  Chubb Ltd. | 1 | 304 |
|  Cie Financiere Richemont SA, Class A | 322 | 61868 |
|  Coca-Cola HBC AG (a) | 580 | 27359 |
|  DSM-Firmenich AG | 63 | 5364 |
|  EMS-Chemie Holding AG (Registered) | 2 | 1695 |
|  Galderma Group AG | 61 | 10775 |
|  Garmin Ltd. | — (h) | 117 |
|  Geberit AG (Registered) | 17 | 12684 |
|  Givaudan SA | 3 | 12747 |
|  Glencore plc (a) | 9054 | 41700 |
|  Helvetia Holding AG (Registered) | 27 | 6577 |
|  Holcim AG (a) | 173 | 14746 |
|  Julius Baer Group Ltd. | 148 | 10276 |
|  Kuehne + Nagel International AG (Registered) | 24 | 4471 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Switzerland — continued** |  |  |
|  Logitech International SA (Registered) | 2 | 229 |
|  Lonza Group AG | 6 | 3686 |
|  Nestle SA (Registered) | 3201 | 293982 |
|  Novartis AG (Registered) | 885 | 113822 |
|  Partners Group Holding AG | 16 | 21385 |
|  Roche Holding AG | 342 | 114093 |
|  Sandoz Group AG | 195 | 11611 |
|  Schindler Holding AG | 20 | 7736 |
|  Schindler Holding AG (Registered) | 11 | 4147 |
|  SGS SA (Registered) | 82 | 8557 |
|  SIG Group AG (a) | 104 | 1076 |
|  Sika AG (Registered) | 52 | 11591 |
|  Sonova Holding AG (Registered) | 4 | 1079 |
|  STMicroelectronics NV | 10 | 281 |
|  Straumann Holding AG | 9 | 927 |
|  Swatch Group AG (The) | 17 | 3281 |
|  Swiss Life Holding AG (Registered) | 21 | 22189 |
|  Swiss Prime Site AG (Registered) | 1 | 174 |
|  Swiss Re AG | 215 | 39953 |
|  Swisscom AG (Registered) | 10 | 7609 |
|  UBS Group AG (Registered) | 2286 | 93997 |
|  VAT Group AG (e) | 13 | 5340 |
|  Zurich Insurance Group AG | 105 | 75340 |
|  |  | 1182387 |
|  **Taiwan — 2.4%** |  |  |
|  Accton Technology Corp. | 53 | 1833 |
|  Acer, Inc. | 284 | 289 |
|  Advantech Co. Ltd. | 48 | 505 |
|  Airtac International Group | 13 | 323 |
|  Alchip Technologies Ltd. | 8 | 919 |
|  ASE Technology Holding Co. Ltd. | 334 | 1824 |
|  Asia Cement Corp. | 258 | 324 |
|  Asia Vital Components Co. Ltd. | 36 | 1171 |
|  Asustek Computer, Inc. | 74 | 1635 |
|  AUO Corp. (a) | 609 | 274 |
|  Caliway Biopharmaceuticals Co. Ltd. (a) | 117 | 707 |
|  Catcher Technology Co. Ltd. | 64 | 384 |
|  Cathay Financial Holding Co. Ltd. | 1029 | 2223 |
|  Chailease Holding Co. Ltd. | 160 | 587 |
|  Chang Hwa Commercial Bank Ltd. | 679 | 439 |
|  Cheng Shin Rubber Industry Co. Ltd. | 188 | 233 |
|  China Airlines Ltd. | 327 | 224 |
|  China Steel Corp. | 1192 | 761 |
|  Chunghwa Telecom Co. Ltd. | 416 | 1821 |
|  Compal Electronics, Inc. | 439 | 469 |
|  CTBC Financial Holding Co. Ltd. | 1780 | 2510 |
|  Delta Electronics, Inc. | 208 | 5859 |
|  E Ink Holdings, Inc. | 87 | 691 |
|  E.Sun Financial Holding Co. Ltd. | 1469 | 1609 |
|  Eclat Textile Co. Ltd. | 20 | 289 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Taiwan — continued** |  |  |
|  Elite Material Co. Ltd. | 32 | 1295 |
|  eMemory Technology, Inc. | 7 | 466 |
|  Eva Airways Corp. | 350 | 439 |
|  Evergreen Marine Corp. Taiwan Ltd | 126 | 742 |
|  Far Eastern New Century Corp. | 274 | 250 |
|  Far EasTone Telecommunications Co. Ltd. | 180 | 523 |
|  Feng TAY Enterprise Co. Ltd. | 43 | 174 |
|  First Financial Holding Co. Ltd. | 1266 | 1242 |
|  Formosa Chemicals & Fibre Corp. | 329 | 322 |
|  Formosa Plastics Corp. | 453 | 574 |
|  Fortune Electric Co. Ltd. | 18 | 337 |
|  Fubon Financial Holding Co. Ltd. | 898 | 2607 |
|  Gigabyte Technology Co. Ltd. | 57 | 562 |
|  Global Unichip Corp. | 9 | 399 |
|  Globalwafers Co. Ltd. | 26 | 400 |
|  Hon Hai Precision Industry Co. Ltd. | 1334 | 9525 |
|  Hotai Motor Co. Ltd. | 31 | 605 |
|  Hua Nan Financial Holdings Co. Ltd. | 914 | 889 |
|  Innolux Corp. | 733 | 348 |
|  International Games System Co. Ltd. | 26 | 673 |
|  Inventec Corp. | 250 | 377 |
|  Jentech Precision Industrial Co. Ltd. | 11 | 878 |
|  KGI Financial Holding Co. Ltd. | 1629 | 802 |
|  King Slide Works Co. Ltd. | 6 | 652 |
|  Largan Precision Co. Ltd. | 11 | 851 |
|  Lite-On Technology Corp., ADR | 230 | 1308 |
|  Lotes Co. Ltd. | 9 | 460 |
|  MediaTek, Inc. | 163 | 7069 |
|  Mega Financial Holding Co. Ltd. | 1258 | 1754 |
|  Micro-Star International Co. Ltd. | 69 | 264 |
|  Nan Ya Plastics Corp. | 555 | 720 |
|  Nien Made Enterprise Co. Ltd. | 20 | 280 |
|  Novatek Microelectronics Corp. | 62 | 870 |
|  Pegatron Corp. | 197 | 459 |
|  PharmaEssentia Corp. | 31 | 527 |
|  President Chain Store Corp. | 65 | 529 |
|  Quanta Computer, Inc. | 293 | 2807 |
|  Realtek Semiconductor Corp. | 53 | 960 |
|  Shanghai Commercial & Savings Bank Ltd. (The) | 393 | 542 |
|  SinoPac Financial Holdings Co. Ltd. | 1213 | 997 |
|  Synnex Technology International Corp. | 125 | 260 |
|  Taiwan Business Bank | 762 | 395 |
|  Taiwan Cooperative Financial Holding Co. Ltd. | 1108 | 896 |
|  Taiwan High Speed Rail Corp. | 170 | 157 |
|  Taiwan Mobile Co. Ltd. | 180 | 644 |
|  Taiwan Semiconductor Manufacturing Co. Ltd. | 4057 | 176224 |
|  Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 28 | 7944 |
|  TCC Group Holdings Co. Ltd. | 731 | 577 |
|  TS Financial Holding Co. Ltd. | 2135 | 1263 |
|  Unimicron Technology Corp. | 131 | 657 |
|  Uni-President Enterprises Corp. | 515 | 1328 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **Taiwan — continued** |  |  |
|  United Microelectronics Corp. | 1192 | 1793 |
|  Vanguard International Semiconductor Corp. | 121 | 407 |
|  Voltronic Power Technology Corp. | 8 | 244 |
|  Wan Hai Lines Ltd. | 79 | 193 |
|  Wistron Corp. | 320 | 1487 |
|  Wiwynn Corp. | 12 | 1315 |
|  WPG Holdings Ltd. | 174 | 378 |
|  Yageo Corp. | 168 | 942 |
|  Yang Ming Marine Transport Corp. | 163 | 284 |
|  Yuanta Financial Holding Co. Ltd. | 1158 | 1326 |
|  Zhen Ding Technology Holding Ltd. | 70 | 383 |
|  |  | 272478 |
|  **Thailand — 0.1%** |  |  |
|  Advanced Info Service PCL, NVDR | 113 | 1012 |
|  Airports of Thailand PCL, NVDR | 440 | 551 |
|  Bangkok Dusit Medical Services PCL, NVDR | 1124 | 710 |
|  Bumrungrad Hospital PCL, NVDR | 71 | 385 |
|  Central Pattana PCL, NVDR | 219 | 379 |
|  Charoen Pokphand Foods PCL, NVDR | 392 | 270 |
|  CP ALL PCL, NVDR | 589 | 859 |
|  CP AXTRA PCL, NVDR | 183 | 127 |
|  Delta Electronics Thailand PCL, NVDR | 330 | 1617 |
|  Gulf Development PCL, NVDR (a) | 453 | 609 |
|  Kasikornbank PCL, NVDR | 77 | 397 |
|  Krung Thai Bank PCL, NVDR | 374 | 286 |
|  Minor International PCL, NVDR | 337 | 239 |
|  PTT Exploration & Production PCL, NVDR | 157 | 560 |
|  PTT PCL, NVDR | 1143 | 1173 |
|  SCB X PCL, NVDR | 101 | 400 |
|  Siam Cement PCL (The), NVDR | 78 | 551 |
|  TMBThanachart Bank PCL, NVDR | 3707 | 217 |
|  True Corp. PCL, NVDR (a) | 997 | 320 |
|  |  | 10662 |
|  **Turkey — 0.0% (g)** |  |  |
|  Akbank TAS | 325 | 492 |
|  Aselsan Elektronik Sanayi Ve Ticaret A/S | 142 | 737 |
|  BIM Birlesik Magazalar A/S | 47 | 612 |
|  Eregli Demir ve Celik Fabrikalari TAS | 367 | 260 |
|  Ford Otomotiv Sanayi A/S | 54 | 130 |
|  Haci Omer Sabanci Holding A/S | 118 | 248 |
|  KOC Holding A/S | 73 | 304 |
|  Turk Hava Yollari AO | 51 | 385 |
|  Turkcell Iletisim Hizmetleri A/S | 122 | 288 |
|  Turkiye Is Bankasi A/S, Class C | 838 | 286 |
|  Turkiye Petrol Rafinerileri A/S | 90 | 402 |
|  Yapi ve Kredi Bankasi A/S (a) | 341 | 279 |
|  |  | 4423 |
|  **United Arab Emirates — 0.1%** |  |  |
|  Abu Dhabi Commercial Bank PJSC | 314 | 1246 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **United Arab Emirates — continued** |  |  |
|  Abu Dhabi Islamic Bank PJSC | 158 | 940 |
|  Abu Dhabi National Oil Co. for Distribution PJSC | 370 | 383 |
|  ADNOC Drilling Co. PJSC | 325 | 498 |
|  Adnoc Gas plc | 759 | 731 |
|  Aldar Properties PJSC | 444 | 1148 |
|  Americana Restaurants International PLC - Foreign Co. | 263 | 141 |
|  Dubai Electricity & Water Authority PJSC | 635 | 469 |
|  Dubai Islamic Bank PJSC | 351 | 916 |
|  Emaar Development PJSC | 110 | 403 |
|  Emaar Properties PJSC | 689 | 2449 |
|  Emirates NBD Bank PJSC | 191 | 1266 |
|  Emirates Telecommunications Group Co. PJSC | 379 | 1941 |
|  First Abu Dhabi Bank PJSC | 465 | 1981 |
|  Multiply Group PJSC (a) | 363 | 287 |
|  NMC Health plc (a) (bb) | 16 |  |
|  Salik Co. PJSC | 191 | 312 |
|  |  | 15111 |
|  **United Kingdom — 18.3%** |  |  |
|  3i Group plc | 701 | 38646 |
|  Admiral Group plc | 188 | 8496 |
|  Anglo American plc | 999 | 37688 |
|  Anglogold Ashanti Plc | 55 | 3847 |
|  Aon plc, Class A | 1 | 217 |
|  Ashtead Group plc | 211 | 14154 |
|  Associated British Foods plc | 4 | 123 |
|  AstraZeneca plc | 722 | 110611 |
|  Auto Trader Group plc (e) | 352 | 3736 |
|  Aviva plc | 2190 | 20257 |
|  BAE Systems plc | 4140 | 115250 |
|  Barclays plc | 10186 | 52408 |
|  Barratt Redrow plc | 19 | 100 |
|  BP plc | 6725 | 38611 |
|  British American Tobacco plc | 4378 | 232879 |
|  BT Group plc | 2417 | 6218 |
|  Bunzl plc | 163 | 5147 |
|  Centrica plc | 3688 | 8282 |
|  CNH Industrial NV | 3 | 32 |
|  Coca-Cola Europacific Partners plc | 3 | 306 |
|  Compass Group plc | 25 | 838 |
|  Diageo plc | 5919 | 141630 |
|  Entain plc | 10 | 116 |
|  GSK plc | 1901 | 40823 |
|  Haleon plc | 23657 | 106461 |
|  Halma plc | 5 | 242 |
|  Hikma Pharmaceuticals plc | 77 | 1772 |
|  HSBC Holdings plc | 12562 | 177284 |
|  Imperial Brands plc | 11 | 474 |
|  Informa plc | 528 | 6536 |
|  InterContinental Hotels Group plc | 2 | 246 |
|  International Consolidated Airlines Group SA | 617 | 3227 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **United Kingdom — continued** |  |  |
|  Intertek Group plc | 78 | 4940 |
|  J Sainsbury plc | 25 | 111 |
|  JD Sports Fashion plc | 45 | 58 |
|  Kingfisher plc | 25 | 104 |
|  Land Securities Group plc REIT | 10 | 80 |
|  Legal & General Group plc | 4128 | 13259 |
|  Lloyds Banking Group plc | 43139 | 48815 |
|  London Stock Exchange Group plc | 342 | 39248 |
|  M&G plc | 1661 | 5665 |
|  Marks & Spencer Group plc | 28 | 138 |
|  Melrose Industries plc | 1745 | 14368 |
|  Metlen Energy & Metals plc (a) | 10 | 582 |
|  Mondi plc | 149 | 2065 |
|  National Grid plc | 3723 | 53491 |
|  NatWest Group plc | 5833 | 41199 |
|  Next plc | 2 | 285 |
|  Pearson plc | 8 | 116 |
|  Pentair plc | — (h) | 51 |
|  Phoenix Group Holdings plc | 505 | 4382 |
|  Reckitt Benckiser Group plc | 10 | 740 |
|  RELX plc | 908 | 43370 |
|  Rentokil Initial plc | 1248 | 6320 |
|  Rio Tinto plc | 1008 | 66425 |
|  Rolls-Royce Holdings plc | 11614 | 186684 |
|  Sage Group plc (The) | 13 | 200 |
|  Schroders plc | 517 | 2623 |
|  Segro plc REIT | 18 | 156 |
|  Severn Trent plc | 206 | 7166 |
|  Shell plc | 3861 | 137596 |
|  Smith & Nephew plc | 66 | 1189 |
|  Smiths Group plc | 163 | 5157 |
|  Spirax Group plc | 36 | 3359 |
|  SSE plc | 841 | 19720 |
|  Standard Chartered plc | 1423 | 27623 |
|  Tesco plc | 92 | 554 |
|  Unilever plc | 1638 | 96821 |
|  United Utilities Group plc | 518 | 7998 |
|  Vodafone Group plc | 7855 | 9134 |
|  Whitbread plc | 2 | 105 |
|  Willis Towers Watson plc | — (h) | 91 |
|  Wise plc, Class A (a) | 480 | 6691 |
|  WPP plc | 435 | 2170 |
|  |  | 2037506 |
|  **United States — 1.6%** |  |  |
|  3M Co. | 2 | 252 |
|  Abbott Laboratories | 5 | 684 |
|  AbbVie, Inc. | 5 | 1205 |
|  Adobe, Inc. (a) | 1 | 451 |
|  Advanced Micro Devices, Inc. (a) | 5 | 775 |
|  AECOM | — (h) | 50 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **United States — continued** |  |  |
|  Affirm Holdings, Inc., Class A (a) | 1 | 56 |
|  Aflac, Inc. | 1 | 166 |
|  Agilent Technologies, Inc. | 1 | 112 |
|  Air Products & Chemicals, Inc. | 1 | 186 |
|  Airbnb, Inc., Class A (a) | 1 | 158 |
|  Akamai Technologies, Inc. (a) | — (h) | 29 |
|  Albertsons Cos., Inc., Class A | 1 | 23 |
|  Alexandria Real Estate Equities, Inc. REIT | 1 | 43 |
|  Align Technology, Inc. (a) | — (h) | 25 |
|  Alliant Energy Corp. | 1 | 48 |
|  Allstate Corp. (The) | 1 | 192 |
|  Alnylam Pharmaceuticals, Inc. (a) | — (h) | 174 |
|  Alphabet, Inc., Class A | 17 | 4157 |
|  Alphabet, Inc., Class C | 14 | 3516 |
|  Altria Group, Inc. | 5 | 329 |
|  Amazon.com, Inc. (a) | 28 | 6168 |
|  Ameren Corp. | 1 | 91 |
|  American Electric Power Co., Inc. | 2 | 183 |
|  American Express Co. | 2 | 589 |
|  American Financial Group, Inc. | — (h) | 23 |
|  American Homes 4 Rent, Class A REIT | 1 | 36 |
|  American International Group, Inc. | 2 | 151 |
|  American Tower Corp. REIT | 1 | 265 |
|  American Water Works Co., Inc. | 1 | 76 |
|  Ameriprise Financial, Inc. | — (h) | 143 |
|  AMETEK, Inc. | 1 | 136 |
|  Amgen, Inc. | 2 | 448 |
|  Amphenol Corp., Class A | 4 | 448 |
|  Analog Devices, Inc. | 1 | 364 |
|  Annaly Capital Management, Inc. REIT | 3 | 62 |
|  Apollo Global Management, Inc. | 1 | 175 |
|  Apple, Inc. | 44 | 11164 |
|  Applied Materials, Inc. | 2 | 482 |
|  AppLovin Corp., Class A (a) | 1 | 494 |
|  Archer-Daniels-Midland Co. | 1 | 86 |
|  Ares Management Corp., Class A | 1 | 102 |
|  Arista Networks, Inc. (a) | 3 | 463 |
|  Arthur J Gallagher & Co. | 1 | 234 |
|  AT&T, Inc. | 21 | 600 |
|  Atmos Energy Corp. | — (h) | 74 |
|  Autodesk, Inc. (a) | 1 | 200 |
|  Automatic Data Processing, Inc. | 1 | 345 |
|  AutoZone, Inc. (a) | — (h) | 214 |
|  AvalonBay Communities, Inc. REIT | — (h) | 77 |
|  Avery Dennison Corp. | — (h) | 39 |
|  Axon Enterprise, Inc. (a) | — (h) | 163 |
|  Baker Hughes Co., Class A | 3 | 141 |
|  Ball Corp. | 1 | 43 |
|  Bank of America Corp. | 22 | 1114 |
|  Bank of New York Mellon Corp. (The) | 3 | 296 |
|  Baxter International, Inc. | 2 | 38 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **United States — continued** |  |  |
|  Becton Dickinson & Co. | 1 | 156 |
|  Bentley Systems, Inc., Class B | — (h) | 23 |
|  Berkshire Hathaway, Inc., Class B (a) | 4 | 2001 |
|  Best Buy Co., Inc. | 1 | 40 |
|  Biogen, Inc. (a) | — (h) | 60 |
|  BioMarin Pharmaceutical, Inc. (a) | — (h) | 25 |
|  Blackstone, Inc. | 2 | 374 |
|  Block, Inc., Class A (a) | 2 | 121 |
|  Boeing Co. (The) (a) | 2 | 487 |
|  Booking Holdings, Inc. | — (h) | 524 |
|  Booz Allen Hamilton Holding Corp., Class A | — (h) | 33 |
|  Boston Scientific Corp. (a) | 4 | 427 |
|  Bristol-Myers Squibb Co. | 6 | 282 |
|  Broadcom, Inc. | 13 | 4334 |
|  Broadridge Financial Solutions, Inc. | — (h) | 99 |
|  Brookfield Asset Management Ltd., Class A | 32 | 1826 |
|  Brookfield Renewable Corp. | 11 | 366 |
|  Brown & Brown, Inc. | 1 | 89 |
|  Brown-Forman Corp., Class B | — (h) | 10 |
|  Builders FirstSource, Inc. (a) | — (h) | 38 |
|  Bunge Global SA | — (h) | 32 |
|  Burlington Stores, Inc. (a) | — (h) | 48 |
|  BXP, Inc. REIT | 1 | 37 |
|  Cadence Design Systems, Inc. (a) | 1 | 282 |
|  Camden Property Trust REIT | — (h) | 32 |
|  Capital One Financial Corp. | 2 | 430 |
|  Cardinal Health, Inc. | 1 | 116 |
|  Carlisle Cos., Inc. | — (h) | 42 |
|  Carlyle Group, Inc. (The) | 1 | 49 |
|  Carnival Corp. (a) | 4 | 111 |
|  Carrier Global Corp. | 2 | 141 |
|  Carvana Co., Class A (a) | — (h) | 140 |
|  Caterpillar, Inc. | 1 | 669 |
|  Cboe Global Markets, Inc. | — (h) | 82 |
|  CBRE Group, Inc., Class A (a) | 1 | 139 |
|  CDW Corp. | — (h) | 59 |
|  Cencora, Inc. | 1 | 178 |
|  Centene Corp. (a) | 1 | 48 |
|  CenterPoint Energy, Inc. | 2 | 70 |
|  CF Industries Holdings, Inc. | — (h) | 40 |
|  CH Robinson Worldwide, Inc. | — (h) | 52 |
|  Charles Schwab Corp. (The) | 5 | 491 |
|  Charter Communications, Inc., Class A (a) | — (h) | 72 |
|  Cheniere Energy, Inc. | 1 | 155 |
|  Chevron Corp. | 6 | 903 |
|  Chipotle Mexican Grill, Inc., Class A (a) | 4 | 158 |
|  Church & Dwight Co., Inc. | 1 | 60 |
|  Cigna Group (The) | 1 | 228 |
|  Cincinnati Financial Corp. | — (h) | 76 |
|  Cintas Corp. | 1 | 220 |
|  Cisco Systems, Inc. | 12 | 804 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **United States — continued** |  |  |
|  Citigroup, Inc. | 5 | 549 |
|  Citizens Financial Group, Inc. | 1 | 67 |
|  Clorox Co. (The) | — (h) | 42 |
|  Cloudflare, Inc., Class A (a) | 1 | 195 |
|  CME Group, Inc., Class A | 1 | 292 |
|  CMS Energy Corp. | 1 | 60 |
|  Coca-Cola Co. (The) | 12 | 805 |
|  Cognizant Technology Solutions Corp., Class A | 1 | 100 |
|  Coinbase Global, Inc., Class A (a) | 1 | 206 |
|  Colgate-Palmolive Co. | 2 | 190 |
|  Comcast Corp., Class A | 11 | 346 |
|  ConocoPhillips | 4 | 353 |
|  Consolidated Edison, Inc. | 1 | 102 |
|  Constellation Brands, Inc., Class A | — (h) | 61 |
|  Constellation Energy Corp. | 1 | 304 |
|  Cooper Cos., Inc. (The) (a) | 1 | 39 |
|  Copart, Inc. (a) | 3 | 125 |
|  Corning, Inc. | 3 | 207 |
|  Corpay, Inc. (a) | — (h) | 62 |
|  Corteva, Inc. | 2 | 144 |
|  CoStar Group, Inc. (a) | 1 | 110 |
|  Costco Wholesale Corp. | 1 | 1210 |
|  Coterra Energy, Inc. | 2 | 56 |
|  CRH plc | 2 | 249 |
|  Crowdstrike Holdings, Inc., Class A (a) | 1 | 360 |
|  Crown Castle, Inc. REIT | 1 | 124 |
|  Crown Holdings, Inc. | — (h) | 39 |
|  CSX Corp. | 6 | 227 |
|  Cummins, Inc. | — (h) | 175 |
|  CVS Health Corp. | 4 | 273 |
|  Danaher Corp. | 2 | 380 |
|  Darden Restaurants, Inc. | — (h) | 69 |
|  Datadog, Inc., Class A (a) | 1 | 121 |
|  DaVita, Inc. (a) | — (h) | 21 |
|  Deckers Outdoor Corp. (a) | — (h) | 43 |
|  Deere & Co. | 1 | 352 |
|  Dell Technologies, Inc., Class C | 1 | 143 |
|  Delta Air Lines, Inc. | — (h) | 26 |
|  Devon Energy Corp. | 2 | 58 |
|  Dexcom, Inc. (a) | 1 | 77 |
|  Diamondback Energy, Inc. | 1 | 76 |
|  Dick's Sporting Goods, Inc. | — (h) | 41 |
|  Digital Realty Trust, Inc. REIT | 1 | 177 |
|  DocuSign, Inc., Class A (a) | 1 | 47 |
|  Dollar General Corp. | 1 | 73 |
|  Dollar Tree, Inc. (a) | 1 | 51 |
|  Dominion Energy, Inc. | 3 | 159 |
|  Domino's Pizza, Inc. | — (h) | 38 |
|  DoorDash, Inc., Class A (a) | 1 | 296 |
|  Dover Corp. | — (h) | 64 |
|  Dow, Inc. | 2 | 51 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **United States — continued** |  |  |
|  DR Horton, Inc. | 1 | 145 |
|  DraftKings, Inc., Class A (a) | 1 | 47 |
|  DTE Energy Co. | 1 | 92 |
|  Duke Energy Corp. | 2 | 287 |
|  DuPont de Nemours, Inc. | 1 | 95 |
|  Dynatrace, Inc. (a) | 1 | 44 |
|  eBay, Inc. | 1 | 127 |
|  Ecolab, Inc. | 1 | 206 |
|  Edison International | 1 | 69 |
|  Edwards Lifesciences Corp. (a) | 2 | 140 |
|  Electronic Arts, Inc. | 1 | 148 |
|  Elevance Health, Inc. | 1 | 211 |
|  Eli Lilly & Co. | 2 | 1810 |
|  EMCOR Group, Inc. | — (h) | 90 |
|  Emerson Electric Co. | 2 | 218 |
|  Entegris, Inc. | — (h) | 41 |
|  Entergy Corp. | 1 | 128 |
|  EOG Resources, Inc. | 2 | 181 |
|  EQT Corp. | 2 | 96 |
|  Equifax, Inc. | — (h) | 93 |
|  Equinix, Inc. REIT | — (h) | 233 |
|  Equity LifeStyle Properties, Inc. REIT | — (h) | 30 |
|  Equity Residential REIT | 1 | 69 |
|  Erie Indemnity Co., Class A | — (h) | 26 |
|  Essential Utilities, Inc. | 1 | 29 |
|  Essex Property Trust, Inc. REIT | — (h) | 47 |
|  Estee Lauder Cos., Inc. (The), Class A | 1 | 65 |
|  Evergy, Inc. | 1 | 49 |
|  Eversource Energy | 1 | 83 |
|  Exelon Corp. | 3 | 135 |
|  Expand Energy Corp. | 1 | 74 |
|  Expedia Group, Inc. | — (h) | 77 |
|  Expeditors International of Washington, Inc. | — (h) | 50 |
|  Extra Space Storage, Inc. REIT | 1 | 92 |
|  Exxon Mobil Corp. | 13 | 1427 |
|  F5, Inc. (a) | — (h) | 57 |
|  FactSet Research Systems, Inc. | — (h) | 33 |
|  Fair Isaac Corp. (a) | — (h) | 108 |
|  Fastenal Co. | 4 | 174 |
|  FedEx Corp. | 1 | 172 |
|  Ferguson Enterprises, Inc. | 1 | 135 |
|  Fidelity National Financial, Inc. | 1 | 43 |
|  Fidelity National Information Services, Inc. | 2 | 101 |
|  Fifth Third Bancorp | 4 | 162 |
|  First Citizens BancShares, Inc., Class A | — (h) | 114 |
|  First Solar, Inc. (a) | — (h) | 71 |
|  FirstEnergy Corp. | 2 | 74 |
|  Fiserv, Inc. (a) | 2 | 219 |
|  Flutter Entertainment plc (a) | 1 | 135 |
|  Ford Motor Co. | 12 | 146 |
|  Fortinet, Inc. (a) | 2 | 168 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **United States — continued** |  |  |
|  Fortive Corp. | 1 | 55 |
|  Fox Corp., Class A | 1 | 35 |
|  Fox Corp., Class B | 1 | 43 |
|  Freeport-McMoRan, Inc. | 4 | 165 |
|  Gaming and Leisure Properties, Inc. REIT | 1 | 39 |
|  Gartner, Inc. (a) | — (h) | 56 |
|  GE HealthCare Technologies, Inc. | 1 | 100 |
|  GE Vernova, Inc. | 1 | 499 |
|  Gen Digital, Inc. | 2 | 47 |
|  General Dynamics Corp. | 1 | 230 |
|  General Electric Co. | 3 | 946 |
|  General Mills, Inc. | 1 | 75 |
|  General Motors Co. | 3 | 178 |
|  Genuine Parts Co. | — (h) | 57 |
|  Gilead Sciences, Inc. | 4 | 412 |
|  Global Payments, Inc. | 1 | 59 |
|  GoDaddy, Inc., Class A (a) | — (h) | 57 |
|  Goldman Sachs Group, Inc. (The) | 1 | 764 |
|  Graco, Inc. | — (h) | 39 |
|  Halliburton Co. | 3 | 68 |
|  Hartford Insurance Group, Inc. (The) | 1 | 104 |
|  HCA Healthcare, Inc. | 1 | 236 |
|  Healthpeak Properties, Inc. REIT | 2 | 37 |
|  HEICO Corp. | — (h) | 39 |
|  HEICO Corp., Class A | — (h) | 71 |
|  Hershey Co. (The) | — (h) | 80 |
|  Hewlett Packard Enterprise Co. | 4 | 98 |
|  Hilton Worldwide Holdings, Inc. | 1 | 224 |
|  Hologic, Inc. (a) | 1 | 43 |
|  Home Depot, Inc. (The) | 3 | 1191 |
|  Honeywell International, Inc. | 2 | 400 |
|  Hormel Foods Corp. | 1 | 21 |
|  Howmet Aerospace, Inc. | 1 | 228 |
|  HP, Inc. | 3 | 81 |
|  Hubbell, Inc., Class B | — (h) | 65 |
|  HubSpot, Inc. (a) | — (h) | 74 |
|  Humana, Inc. | — (h) | 92 |
|  Huntington Bancshares, Inc. | 9 | 148 |
|  Hyatt Hotels Corp., Class A | — (h) | 44 |
|  IDEX Corp. | — (h) | 34 |
|  IDEXX Laboratories, Inc. (a) | — (h) | 155 |
|  Illinois Tool Works, Inc. | 1 | 214 |
|  Illumina, Inc. (a) | — (h) | 40 |
|  Incyte Corp. (a) | — (h) | 37 |
|  Ingersoll Rand, Inc. | 1 | 98 |
|  Insulet Corp. (a) | — (h) | 65 |
|  Intel Corp. (a) | 13 | 433 |
|  Interactive Brokers Group, Inc., Class A | 1 | 97 |
|  Intercontinental Exchange, Inc. | 2 | 293 |
|  International Business Machines Corp. | 3 | 779 |
|  International Flavors & Fragrances, Inc. | 1 | 45 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **United States — continued** |  |  |
|  International Paper Co. | 2 | 71 |
|  Intuit, Inc. | 1 | 570 |
|  Intuitive Surgical, Inc. (a) | 1 | 477 |
|  Invitation Homes, Inc. REIT | 2 | 49 |
|  IQVIA Holdings, Inc. (a) | — (h) | 92 |
|  Iron Mountain, Inc. REIT | 1 | 91 |
|  J M Smucker Co. (The) | — (h) | 38 |
|  Jabil, Inc. | — (h) | 68 |
|  Jack Henry & Associates, Inc. | — (h) | 31 |
|  Jacobs Solutions, Inc. | — (h) | 66 |
|  JB Hunt Transport Services, Inc. | — (h) | 45 |
|  Johnson & Johnson | 7 | 1311 |
|  Johnson Controls International plc | 2 | 218 |
|  Kellanova | 1 | 66 |
|  Kenvue, Inc. | 6 | 94 |
|  Keurig Dr Pepper, Inc. | 4 | 99 |
|  KeyCorp. | 3 | 59 |
|  Keysight Technologies, Inc. (a) | 1 | 95 |
|  Kimberly-Clark Corp. | 1 | 125 |
|  Kimco Realty Corp. REIT | 2 | 47 |
|  Kinder Morgan, Inc. | 6 | 169 |
|  KKR & Co., Inc. | 2 | 248 |
|  KLA Corp. | — (h) | 420 |
|  Kraft Heinz Co. (The) | 3 | 81 |
|  Kroger Co. (The) | 2 | 123 |
|  L3Harris Technologies, Inc. | 1 | 168 |
|  Labcorp Holdings, Inc. | — (h) | 67 |
|  Lam Research Corp. | 4 | 513 |
|  Las Vegas Sands Corp. | 1 | 52 |
|  Leidos Holdings, Inc. | — (h) | 66 |
|  Lennar Corp., Class A | 1 | 86 |
|  Lennox International, Inc. | — (h) | 47 |
|  Liberty Media Corp-Liberty Formula One, Class C (a) | 1 | 73 |
|  Linde plc | 1 | 662 |
|  Live Nation Entertainment, Inc. (a) | — (h) | 81 |
|  Lockheed Martin Corp. | 1 | 310 |
|  Loews Corp. | 1 | 87 |
|  Lowe's Cos., Inc. | 2 | 421 |
|  LPL Financial Holdings, Inc. | — (h) | 79 |
|  LyondellBasell Industries NV, Class A | 1 | 42 |
|  M&T Bank Corp. | 1 | 165 |
|  Marathon Petroleum Corp. | 1 | 182 |
|  Markel Group, Inc. (a) | — (h) | 76 |
|  Marriott International, Inc., Class A | 1 | 226 |
|  Marsh & McLennan Cos., Inc. | 1 | 296 |
|  Martin Marietta Materials, Inc. | — (h) | 120 |
|  Marvell Technology, Inc. | 3 | 221 |
|  Masco Corp. | 1 | 41 |
|  Mastercard, Inc., Class A | 3 | 1441 |
|  McCormick & Co., Inc. | 1 | 47 |
|  McDonald's Corp. | 2 | 650 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **United States — continued** |  |  |
|  McKesson Corp. | — (h) | 290 |
|  Merck & Co., Inc. | 7 | 622 |
|  Meta Platforms, Inc., Class A | 6 | 4690 |
|  MetLife, Inc. | 3 | 214 |
|  Mettler-Toledo International, Inc. (a) | — (h) | 70 |
|  Microchip Technology, Inc. | 2 | 99 |
|  Micron Technology, Inc. | 3 | 556 |
|  Microsoft Corp. | 21 | 10736 |
|  Mid-America Apartment Communities, Inc. REIT | — (h) | 46 |
|  Molina Healthcare, Inc. (a) | — (h) | 25 |
|  Molson Coors Beverage Co., Class B | — (h) | 20 |
|  Mondelez International, Inc., Class A | 4 | 248 |
|  MongoDB, Inc., Class A (a) | — (h) | 79 |
|  Monolithic Power Systems, Inc. | — (h) | 137 |
|  Monster Beverage Corp. (a) | 2 | 147 |
|  Moody's Corp. | 1 | 246 |
|  Morgan Stanley | 4 | 613 |
|  Motorola Solutions, Inc. | — (h) | 225 |
|  MSCI, Inc., Class A | — (h) | 133 |
|  Nasdaq, Inc. | 2 | 162 |
|  Natera, Inc. (a) | — (h) | 66 |
|  NetApp, Inc. | 1 | 65 |
|  Netflix, Inc. (a) | 1 | 1502 |
|  Neurocrine Biosciences, Inc. (a) | — (h) | 45 |
|  Newmont Corp. | 3 | 276 |
|  News Corp., Class A | 2 | 58 |
|  NextEra Energy, Inc. | 6 | 461 |
|  NIKE, Inc., Class B | 4 | 250 |
|  NiSource, Inc. | 1 | 56 |
|  Nordson Corp. | — (h) | 35 |
|  Norfolk Southern Corp. | 1 | 226 |
|  Northern Trust Corp. | 1 | 105 |
|  Northrop Grumman Corp. | — (h) | 252 |
|  NRG Energy, Inc. | 1 | 91 |
|  Nucor Corp. | 1 | 89 |
|  Nutanix, Inc., Class A (a) | 1 | 61 |
|  NVIDIA Corp. | 72 | 13364 |
|  NVR, Inc. (a) | — (h) | 64 |
|  Occidental Petroleum Corp. | 2 | 107 |
|  Okta, Inc., Class A (a) | — (h) | 41 |
|  Old Dominion Freight Line, Inc. | 1 | 85 |
|  Omnicom Group, Inc. | 1 | 58 |
|  ON Semiconductor Corp. (a) | 1 | 63 |
|  ONEOK, Inc. | 2 | 135 |
|  Oracle Corp. | 5 | 1407 |
|  O'Reilly Automotive, Inc. (a) | 3 | 279 |
|  Otis Worldwide Corp. | 1 | 103 |
|  Owens Corning | — (h) | 35 |
|  PACCAR, Inc. | 2 | 159 |
|  Packaging Corp. of America | — (h) | 64 |
|  Palantir Technologies, Inc., Class A (a) | 7 | 1218 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **United States — continued** |  |  |
|  Palo Alto Networks, Inc. (a) | 2 | 400 |
|  Parker-Hannifin Corp. | — (h) | 295 |
|  Paychex, Inc. | 1 | 127 |
|  Paycom Software, Inc. | — (h) | 36 |
|  PayPal Holdings, Inc. (a) | 3 | 190 |
|  PepsiCo., Inc. | 4 | 573 |
|  Pfizer, Inc. | 17 | 429 |
|  PG&E Corp. | 6 | 93 |
|  Philip Morris International, Inc. | 5 | 746 |
|  Phillips 66 | 1 | 169 |
|  Pinterest, Inc., Class A (a) | 2 | 53 |
|  PNC Financial Services Group, Inc. (The) | 2 | 310 |
|  Pool Corp. | — (h) | 32 |
|  PPG Industries, Inc. | 1 | 66 |
|  PPL Corp. | 2 | 79 |
|  Principal Financial Group, Inc. | 1 | 51 |
|  Procter & Gamble Co. (The) | 7 | 1069 |
|  Progressive Corp. (The) | 2 | 436 |
|  Prologis, Inc. REIT | 3 | 324 |
|  Prudential Financial, Inc. | 1 | 100 |
|  PTC, Inc. (a) | — (h) | 73 |
|  Public Service Enterprise Group, Inc. | 2 | 130 |
|  Public Storage REIT | — (h) | 142 |
|  PulteGroup, Inc. | 1 | 73 |
|  Pure Storage, Inc., Class A (a) | 1 | 73 |
|  QUALCOMM, Inc. | 3 | 536 |
|  Quanta Services, Inc. | — (h) | 186 |
|  Quest Diagnostics, Inc. | — (h) | 60 |
|  Raymond James Financial, Inc. | 1 | 136 |
|  RB Global, Inc. | 15 | 1575 |
|  Realty Income Corp. REIT | 3 | 171 |
|  Reddit, Inc., Class A (a) | — (h) | 69 |
|  Regency Centers Corp. REIT | 1 | 38 |
|  Regeneron Pharmaceuticals, Inc. | — (h) | 178 |
|  Regions Financial Corp. | 3 | 69 |
|  Reliance, Inc. | — (h) | 46 |
|  Republic Services, Inc., Class A | 1 | 199 |
|  ResMed, Inc. | — (h) | 124 |
|  Revvity, Inc. | — (h) | 27 |
|  Rivian Automotive, Inc., Class A (a) | 3 | 40 |
|  Robinhood Markets, Inc., Class A (a) | 2 | 315 |
|  ROBLOX Corp., Class A (a) | 2 | 231 |
|  Rocket Lab Corp. (a) | 1 | 60 |
|  Rockwell Automation, Inc. | — (h) | 116 |
|  Rollins, Inc. | 1 | 58 |
|  Roper Technologies, Inc. | — (h) | 160 |
|  Ross Stores, Inc. | 1 | 151 |
|  Royal Caribbean Cruises Ltd. | 1 | 262 |
|  Royalty Pharma plc, Class A | 1 | 39 |
|  RPM International, Inc. | — (h) | 41 |
|  RTX Corp. | 4 | 668 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **United States — continued** |  |  |
|  S&P Global, Inc. | 1 | 472 |
|  Salesforce, Inc. | 3 | 674 |
|  Samsara, Inc., Class A (a) | 1 | 29 |
|  SBA Communications Corp., Class A REIT | — (h) | 57 |
|  Schlumberger NV | 5 | 159 |
|  Seagate Technology Holdings plc | 1 | 152 |
|  Sempra | 2 | 173 |
|  ServiceNow, Inc. (a) | 1 | 570 |
|  Sherwin-Williams Co. (The) | 1 | 243 |
|  Simon Property Group, Inc. REIT | 1 | 181 |
|  Snap, Inc., Class A (a) | 3 | 22 |
|  Snap-on, Inc. | — (h) | 58 |
|  Snowflake, Inc., Class A (a) | 1 | 208 |
|  SoFi Technologies, Inc. (a) | 3 | 84 |
|  Solventum Corp. (a) | 1 | 37 |
|  Southern Co. (The) | 3 | 311 |
|  Southern Copper Corp. | 10 | 1270 |
|  SS&C Technologies Holdings, Inc. | 1 | 57 |
|  Starbucks Corp. | 3 | 291 |
|  State Street Corp. | 2 | 175 |
|  Steel Dynamics, Inc. | — (h) | 55 |
|  STERIS plc | — (h) | 69 |
|  Strategy, Inc., Class A (a) | 1 | 258 |
|  Stryker Corp. | 1 | 380 |
|  Sun Communities, Inc. REIT | — (h) | 46 |
|  Super Micro Computer, Inc. (a) | 1 | 66 |
|  Synchrony Financial | 2 | 124 |
|  Synopsys, Inc. (a) | 1 | 274 |
|  Sysco Corp. | 1 | 120 |
|  T Rowe Price Group, Inc. | 1 | 62 |
|  Take-Two Interactive Software, Inc. (a) | 1 | 139 |
|  Tapestry, Inc. | 1 | 68 |
|  Targa Resources Corp. | 1 | 113 |
|  Target Corp. | 1 | 122 |
|  Teledyne Technologies, Inc. (a) | — (h) | 76 |
|  Teradyne, Inc. | — (h) | 64 |
|  Tesla, Inc. (a) | 9 | 3791 |
|  Texas Instruments, Inc. | 3 | 497 |
|  Texas Pacific Land Corp. | — (h) | 56 |
|  Textron, Inc. | 1 | 49 |
|  Thermo Fisher Scientific, Inc. | 1 | 548 |
|  TJX Cos., Inc. (The) | 3 | 480 |
|  T-Mobile US, Inc. | 2 | 364 |
|  Toast, Inc., Class A (a) | 1 | 46 |
|  Tractor Supply Co. | 1 | 84 |
|  Trade Desk, Inc. (The), Class A (a) | 1 | 66 |
|  Tradeweb Markets, Inc., Class A | — (h) | 41 |
|  TransDigm Group, Inc. | — (h) | 224 |
|  TransUnion | 1 | 48 |
|  Travelers Cos., Inc. (The) | 1 | 202 |
|  Trimble, Inc. (a) | 1 | 55 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **United States — continued** |  |  |
|  Truist Financial Corp. | 5 | 244 |
|  Twilio, Inc., Class A (a) | — (h) | 40 |
|  Tyler Technologies, Inc. (a) | — (h) | 66 |
|  Tyson Foods, Inc., Class A | 1 | 58 |
|  Uber Technologies, Inc. (a) | 6 | 574 |
|  UDR, Inc. REIT | 1 | 32 |
|  U-Haul Holding Co. | — (h) | 22 |
|  Ulta Beauty, Inc. (a) | — (h) | 72 |
|  Union Pacific Corp. | 2 | 441 |
|  United Airlines Holdings, Inc. (a) | — (h) | 28 |
|  United Parcel Service, Inc., Class B | 2 | 187 |
|  United Rentals, Inc. | — (h) | 185 |
|  United Therapeutics Corp. (a) | — (h) | 52 |
|  UnitedHealth Group, Inc. | 3 | 920 |
|  Universal Health Services, Inc., Class B | — (h) | 38 |
|  US Bancorp | 6 | 287 |
|  Valero Energy Corp. | 1 | 164 |
|  Veeva Systems, Inc., Class A (a) | — (h) | 145 |
|  Ventas, Inc. REIT | 1 | 100 |
|  Veralto Corp. | 1 | 78 |
|  VeriSign, Inc. | — (h) | 65 |
|  Verisk Analytics, Inc., Class A | — (h) | 109 |
|  Verizon Communications, Inc. | 13 | 554 |
|  Vertex Pharmaceuticals, Inc. (a) | 1 | 299 |
|  Vertiv Holdings Co., Class A | 1 | 160 |
|  VICI Properties, Inc., Class A REIT | 4 | 127 |
|  Visa, Inc., Class A | 5 | 1720 |
|  Vistra Corp. | 1 | 204 |
|  Vulcan Materials Co. | — (h) | 126 |
|  Walmart, Inc. | 13 | 1336 |
|  Walt Disney Co. (The) | 5 | 612 |
|  Warner Bros Discovery, Inc. (a) | 7 | 134 |
|  Waste Management, Inc. | 1 | 290 |
|  Waters Corp. (a) | — (h) | 50 |
|  Watsco, Inc. | — (h) | 45 |
|  WEC Energy Group, Inc. | 1 | 114 |
|  Wells Fargo & Co. | 10 | 846 |
|  Welltower, Inc. REIT | 2 | 353 |
|  West Pharmaceutical Services, Inc. | — (h) | 55 |
|  Western Digital Corp. | 1 | 122 |
|  Westinghouse Air Brake Technologies Corp. | 1 | 102 |
|  Weyerhaeuser Co. REIT | 2 | 51 |
|  Williams Cos., Inc. (The) | 4 | 236 |
|  Williams-Sonoma, Inc. | — (h) | 73 |
|  Workday, Inc., Class A (a) | 1 | 153 |
|  WP Carey, Inc. REIT | 1 | 39 |
|  WR Berkley Corp. | 1 | 73 |
|  WW Grainger, Inc. | — (h) | 136 |
|  Xcel Energy, Inc. | 2 | 142 |
|  Xylem, Inc. | 1 | 110 |
|  Yum! Brands, Inc. | 1 | 128 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | |
|:---|:---|:---|
| **SECURITY DESCRIPTION** | **SHARES** | **VALUE ($)** |
|  **Common Stocks — continued** |  |  |
|  **United States — continued** |  |  |
|  Zebra Technologies Corp., Class A (a) | — (h) | 51 |
|  Zillow Group, Inc., Class C (a) | — (h) | 36 |
|  Zimmer Biomet Holdings, Inc. | 1 | 54 |
|  Zoetis, Inc., Class A | 1 | 189 |
|  Zoom Communications, Inc., Class A (a) | 1 | 55 |
|  Zscaler, Inc. (a) | — (h) | 96 |
|  |  | 172590 |
|  **Uruguay — 0.0% (g)** |  |  |
|  MercadoLibre, Inc. (a) | — (h) | 320 |
| Total Common Stocks<br>(Cost $8,548,369) |  | 10975775 |
|  **Preferred Stocks — 0.3%** |  |  |
|  **Brazil — 0.1%** |  |  |
|  Banco Bradesco SA | 560 | 1862 |
|  Centrais Eletricas Brasileiras SA | 29 | 301 |
|  Cia Energetica de Minas Gerais | 159 | 332 |
|  Cia Paranaense de Energia - Copel, Class B | 124 | 300 |
|  Gerdau SA | 146 | 457 |
|  Itau Unibanco Holding SA | 581 | 4268 |
|  Itausa SA | 583 | 1256 |
|  Petroleo Brasileiro SA - Petrobras | 513 | 3034 |
|  |  | 11810 |
|  **Chile — 0.0% (g)** |  |  |
|  Sociedad Quimica y Minera de Chile SA, Class B (a) | 14 | 623 |
|  **Colombia — 0.0% (g)** |  |  |
|  Grupo Cibest SA | 46 | 596 |
|  **Germany — 0.2%** |  |  |
|  Bayerische Motoren Werke AG | 22 | 2085 |
|  Dr Ing hc F Porsche AG (e) | 46 | 2212 |
|  Henkel AG & Co. KGaA | 2 | 195 |
|  Porsche Automobil Holding SE | 61 | 2419 |
|  Sartorius AG | 2 | 479 |
|  Volkswagen AG | 83 | 8959 |
|  |  | 16349 |
|  **India — 0.0% (g)** |  |  |
|  TVS Motor Co. Ltd., 6.00%, 09/01/2026 (a) (bb) | 96 | 11 |
|  **South Korea — 0.0% (g)** |  |  |
|  Hyundai Motor Co. | 6 | 717 |
|  Samsung Electronics Co. Ltd. | 84 | 3989 |
|  |  | 4706 |
| Total Preferred Stocks<br>(Cost $30,520) |  | 34095 |
|  | **NUMBER OF<br>RIGHTS** |  |
|  **Right — 0.0% (g)** |  |  |
|  **Belgium — 0.0% (g)** |  |  |
| Sofina SA, expiring 10/08/2025 (a)<br>(Cost $—) | 8 | 18 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

---

| | | | |
|:---|:---|:---|:---|
| **SECURITY DESCRIPTION** | **NUMBER OF<br>WARRANTS** | **NUMBER OF<br>WARRANTS** | **VALUE ($)** |
|  **Warrant — 0.0%**  |  |  |  |
|  **Canada — 0.0%**  |  |  |  |
| Constellation Software, Inc. (Canada), expiring 03/31/2040 (a) (bb)<br>(Cost $—) |  | — (h) |  |
|  | **PRINCIPAL<br>AMOUNT ($)** | **PRINCIPAL<br>AMOUNT ($)** |  |
|  **Short-Term Investments — 0.9%** |  |  |  |
|  **Time Deposits — 0.9%** |  |  |  |
|  Australia & New Zealand Banking Group Ltd., |  |  |  |
|  2.35%, 10/01/2025 | AUD | 3239 | 2143 |
|  3.44%, 10/01/2025 |  | 5006 | 5006 |
|  Brown Brothers Harriman & Co., |  |  |  |
|  (0.60%), 10/01/2025 | CHF | 3305 | 4152 |
|  0.33%, 10/01/2025 | SGD | 631 | 489 |
|  0.65%, 10/01/2025 | DKK | 9365 | 1473 |
|  0.79%, 10/01/2025 | EUR | — (h) | — (h) |
|  0.82%, 10/01/2025 | SEK | 4636 | 492 |
|  1.49%, 10/01/2025 | NZD | 97 | 56 |
|  2.14%, 10/02/2025 | HKD | 5804 | 746 |
|  2.64%, 10/01/2025 | NOK | 1746 | 175 |
|  2.92%, 10/01/2025 | GBP | — (h) | — (h) |
|  3.44%, 10/01/2025 |  | — (h) | — (h) |
|  4.88%, 10/01/2025 | ZAR | 1189 | 69 |
|  Citibank NA, |  |  |  |
|  0.79%, 10/01/2025 | EUR | 33748 | 39622 |
|  2.92%, 10/01/2025 | GBP | 8185 | 11008 |
|  3.44%, 10/01/2025 |  | 11947 | 11947 |
|  Royal Bank of Canada, |  |  |  |
|  1.33%, 10/01/2025 | CAD | 558 | 401 |
|  3.44%, 10/01/2025 |  | 2672 | 2672 |
|  Skandinaviska Enskilda Banken AB, 3.44%, 10/01/2025 |  | 1226 | 1226 |
|  Sumitomo Mitsui Banking Corp., |  |  |  |
|  0.12%, 10/01/2025 | JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;808971 | 5470 |
|  3.44%, 10/01/2025 |  | 1778 | 1778 |
|  Sumitomo Mitsui Trust Bank Ltd., 3.44%, 10/01/2025 |  | 11000 | 11000 |
| Total Short-Term Investments<br>(Cost $99,925) |  |  | 99925 |
| **Total Investments — 99.6%<br>(Cost — $8,678,814)** |  |  | **11109813** |
|  **Other Assets in Excess of Liabilities — 0.4%** |  |  | **43321** |
|  **NET ASSETS — 100.0%** |  |  | $**11153134** |

---

Percentages indicated are based on net assets.

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

**Futures contracts outstanding as of September 30, 2025:** 

**Exchange Traded** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **EXPIRATION<br>DATE** | **TRADING<br>CURRENCY** | **NOTIONAL<br>AMOUNT ($)** | **VALUE AND<br>UNREALIZED<br>APPRECIATION<br>(DEPRECIATION) ($)** |
|  **Long Contracts** |  |  |  |  |  |
|  SPI 200 Index | 24 | 12/2025 | AUD | 3521 | 1 |
|  Euro STOXX 50 Index | 607 | 12/2025 | EUR | 38964 | 524 |
|  FTSE 100 Index | 131 | 12/2025 | GBP | 16403 | 172 |
|  Micro EURO STOXX 50 Index | 230 | 12/2025 | EUR | 1478 | 19 |
|  Mini-DAX | 6 | 12/2025 | EUR | 838 | 7 |
|  MSCI Emerging Markets Index | 42 | 12/2025 | USD | 2849 | 6 |
|  OMX Copenhagen 25 Index | 38 | 10/2025 | DKK | 994 | (21) |
|  S&P 500 E-mini Index | 1 | 12/2025 | USD | 335 | 2 |
|  S&P Toronto Stock Exchange 60 Index | 2 | 12/2025 | CAD | 499 | 11 |
|  SGX MSCI Singapore Index | 40 | 10/2025 | SGD | 1386 | 1 |
|  STOXX 600 Utilities Index | 36 | 12/2025 | EUR | 918 | 22 |
|  STOXX Europe 600 Index | 309 | 12/2025 | EUR | 10084 | 65 |
|  TOPIX Index | 63 | 12/2025 | JPY | 13388 | (7) |
|  Total unrealized appreciation (depreciation) |  |  |  |  | 802 |

---

**Forward foreign currency exchange contracts outstanding as of September 30, 2025:** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CURRENCY PURCHASED** | **CURRENCY PURCHASED** | **CURRENCY SOLD** | **CURRENCY SOLD** | **COUNTERPARTY** | **SETTLEMENT<br>DATE** | **UNREALIZED<br>APPRECIATION<br>(DEPRECIATION) ($)** |
|  CAD | 422 | USD | 303 | BNP Paribas | 10/01/2025 | – (h) |
|  USD | 419 | EUR | 357 | BNP Paribas | 10/01/2025 | – (h) |
|  EUR | 223 | USD | 262 | BNP Paribas | 10/01/2025 | – (h) |
|  EUR | 57 | USD | 67 | BNP Paribas | 10/01/2025 | – (h) |
|  EUR | 249 | USD | 292 | BNP Paribas | 10/01/2025 | 1 |
|  EUR | 301 | USD | 353 | BNP Paribas | 10/01/2025 | 1 |
|  GBP | 212 | USD | 285 | Goldman Sachs International | 10/02/2025 | – (h) |
|  GBP | 223 | USD | 300 | Goldman Sachs International | 10/02/2025 | – (h) |
|  GBP | 27 | USD | 37 | Goldman Sachs International | 10/02/2025 | – (h) |
|  Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation |  |  | 2 |
|  EUR | 99 | USD | 117 | BNP Paribas | 10/02/2025 | – (h) |
|  EUR | 294 | USD | 345 | BNP Paribas | 10/02/2025 | – (h) |
|  EUR | 78 | USD | 91 | BNP Paribas | 10/02/2025 | – (h) |
|  EUR | 111 | USD | 131 | BNP Paribas | 10/02/2025 | – (h) |
|  EUR | 429 | USD | 504 | BNP Paribas | 10/02/2025 | – (h) |
|  EUR | 320 | USD | 376 | BNP Paribas | 10/02/2025 | – (h) |
|  EUR | 225 | USD | 264 | BNP Paribas | 10/02/2025 | – (h) |
|  GBP | 75 | USD | 101 | Citibank, NA | 10/02/2025 | – (h) |
|  Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation |  |  |
|  Net unrealized appreciation (depreciation) | Net unrealized appreciation (depreciation) | Net unrealized appreciation (depreciation) | Net unrealized appreciation (depreciation) | Net unrealized appreciation (depreciation) |  | 2 |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

**Summary of Investments by Industry, September 30, 2025** 

The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total investments:

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENTAGE** |
|  Banks | 16.9% |
|  Pharmaceuticals | 6.5% |
|  Semiconductors | 6.5% |
|  Insurance | 6.1% |
|  Aerospace/Defense | 5.7% |
|  Cosmetics/Personal Care | 4.6% |
|  Telecommunications | 4.4% |
|  Software | 3.5% |
|  Food | 3.5% |
|  Electric | 3.2% |
|  Oil & Gas | 3.1% |
|  Mining | 2.5% |
|  Agriculture | 2.2% |
|  Machinery - Construction & Mining | 2.2% |
|  Miscellaneous Manufacturers | 2.0% |
|  Commercial Services | 1.8% |
|  Diversified Financial Services | 1.7% |
|  Beverages | 1.7% |
|  Chemicals | 1.7% |
|  Auto Manufacturers | 1.6% |
|  Internet | 1.6% |
|  Apparel | 1.6% |
|  Electrical Components & Equipment | 1.6% |
|  Retail | 1.3% |
|  Building Materials | 1.0% |
|  Engineering & Construction | 1.0% |
|  Transportation | 1.0% |
|  Others (Each less than 1.0%) | 8.6% |
|  Short-Term Investments | 0.9% |

---

------

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

(Amounts in U.S. Dollars, unless otherwise noted)

(Amounts in thousands, except number of Futures contracts)

**NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| ASX | Australian Stock Exchange |
| CDI | CHESS Depository Interests |
| CVA | Dutch Certification |
| GDR | Global Depositary Receipt |
| NVDR | Non-Voting Depository Receipt |
| OYJ | Public Limited Company |
| REIT | Real Estate Investment Trust |
| (a) | Non-income producing security. |
| (e) | Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Unless otherwise indicated, this security has been determined to be liquid under procedures established by the Board of Trustees and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
| (g) | Amount rounds to less than 0.05%. |
| (h) | Amount rounds to less than 500 shares/principal or $500. |
| (bb) | Security has been valued using significant unobservable inputs. |
| AUD | Australian Dollar |
| CAD | Canadian Dollar |
| CHF | Swiss Franc |
| DKK | Danish Krone |
| EUR | Euro |
| GBP | British Pound |
| HKD | Hong Kong Dollar |
| JPY | Japanese Yen |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| SEK | Swedish Krona |
| SGD | Singapore Dollar |
| USD | United States Dollar |
| ZAR | South African Rand |

---

------

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited)

**A. Valuation of Investments —** The valuation of investments is in accordance with U.S. generally accepted accounting principles ("GAAP") and the Funds' valuation policies set forth by and under the supervision and responsibility of the Board of Trustees (the "Board"), which established the following approach to valuation, as described more fully below: (i) investments for which market quotations are readily available shall be valued at unadjusted quoted prices and (ii) all other investments for which market quotations are not readily available shall be valued at their fair value as determined in good faith by the Board.

The Board has designated the J.P. Morgan Private Investments Inc. (the "Adviser") as the Valuation Designee, and the Adviser uses the Six Circles Funds Valuation Committee ("VC"), comprised of officers of the Funds and other personnel of the Adviser, to assist the Board with the oversight and monitoring of the valuation of the Funds' investments with respect to Rule 2a-5 under the 1940 Act. The VC oversees and carries out policies and procedures for the valuation of investments held by the Funds. This includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events and pricing vendor due diligence. The VC, through the Adviser, is responsible for assessing the potential impacts to the fair values on an ongoing basis, and discussing this on at least a quarterly basis with the Board.

A market-based approach is primarily used to value the Funds' investments for which market quotations are readily available and which are generally valued at their current market value. Other securities and assets, including securities for which market quotations are not readily available; securities for which market quotations are determined not to be reliable; or, securities in which their value has been materially affected by events occurring after the close of trading on the exchange or market on which the security is principally traded but before a Fund's net asset value ("NAV") is calculated, may be valued at fair value in accordance with policies and procedures adopted by the Board. The valuation may include related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant information for the investment in order to determine the fair value of the investment. An income-based valuation approach may be used in which the anticipated future cash flows of the investment are discounted to calculate the fair value. Discounts may be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may be based on current market prices of securities that are comparable in coupon, rating, maturity and industry. It is possible that the estimated values may differ significantly from the values that would have been used, had a ready market for the investments existed, and such differences could be material.

Equity securities listed on a North American, Central American, South American or Caribbean ("Americas") securities exchange are generally valued at the last sale price or official market closing price on the primary exchange on which the security is principally traded that is reported before the time when the NAV of the Funds are calculated on a valuation date. The Funds calculate their NAV as of 4 p.m. Eastern time each day the New York Stock Exchange (NYSE) is open for trading.

Foreign equity securities are valued as of the close of trading on the stock exchange on which the security is primarily traded, or as of 4 p.m. Eastern time. The value is then converted into its U.S. dollar equivalent at the foreign exchange rate in effect at 4 p.m. Eastern time on the day that the value of the security is determined. Generally foreign equity securities, as well as certain derivatives with equity reference obligations, are valued by applying international fair value factors provided by approved pricing services. The factors seek to adjust the local closing price for movements of local markets post-closing, but prior to the time the NAVs are calculated. The fair valued securities are converted at the exchange rates available at 4 p.m. Eastern time.

Fixed income securities are valued based on prices received from pricing services. In instances where sufficient market activity exists, the pricing services may utilize a market-based approach through which trades or quotes from market makers are used to determine the valuation of these instruments. In instances where sufficient market activity may not exist, pricing services may consider a variety of inputs and factors, including, but not limited to proprietary models that may take into account market transactions in securities with comparable characteristics, yield curves, option-adjusted spreads, credit spreads, estimated default rates, coupon rates, underlying collateral and estimated cash flows.

Pricing services generally value fixed-income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots may trade at lower prices than institutional round lots.

Shares of exchange-traded funds ("ETFs") are generally valued at the last sale price on the exchange on which the ETF is principally traded. Shares of open-end investment companies are valued at their respective NAVs.

------

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

Exchange-traded futures contracts are generally valued on the basis of available market quotations. Forward foreign currency exchange contracts are valued utilizing market quotations from approved pricing services.

Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer related events after the report date and prior to issuance of the report are not reflected herein.

The various inputs that are used in determining the valuation of the Funds' investments are summarized into the three broad levels listed below.

• Level 1 –  Unadjusted inputs using quoted prices in active markets for identical investments.

• Level 2 –  Other significant observable inputs including, but not limited to, quoted prices for
similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.

• Level 3 –  Significant inputs based on the best information available in the circumstances, to
the extent observable inputs are not available (including the Funds' assumptions in determining the fair value of investments).

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.

The following tables represent each valuation input as presented on the Schedules of Portfolio Investments ("SOIs") (amounts in thousands):

**Six Circles Managed Equity Portfolio U.S. Unconstrained Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1**<br>Quoted prices | **Level 2**<br>Other significant<br>observable inputs | **Level 3**<br>Significant<br>unobservable inputs | **Total** |
|  **Investments in Securities** |  |  |  |  |
|  Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic Materials | $116340 | $— | $— | $116340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communications | 4758922 |  |  | 4758922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Cyclical | 2196632 |  |  | 2196632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Non-cyclical | 3848868 |  |  | 3848868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy | 993736 |  |  | 993736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial | 2172868 |  |  | 2172868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial | 1521877 |  |  | 1521877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology | 9222236 |  |  | 9222236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | 749571 |  |  | 749571 |
|  Total Common Stocks | 25581050 |  |  | 25581050 |
|  Warrant |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology |  |  |  |  |
|  Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits |  | 68366 |  | 68366 |
|  **Total Investments in Securities** | $25581050 | $68366 | $— | $25649416 |
|  **Appreciation in Other Financial Instruments** |  |  |  |  |
|  Futures contracts | $436 | $— | $— | $436 |
|  Forward Foreign Currency Exchange contracts |  | — (a) |  | — (a) |
|  **Total Appreciation in Other Financial Instruments** | $436 | $— (a) | $— | $436 |
|  **Depreciation in Other Financial Instruments** |  |  |  |  |
|  Futures contracts | $(10) | $— | $— | $(10) |

---

(a) Amount rounds to less than $500.

------

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

**Six Circles Managed Equity Portfolio International Unconstrained Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1**<br>**Quoted prices** | **Level 2**<br>**Other significant**<br>**observable inputs** | **Level 3**<br>**Significant**<br>**unobservable inputs** | **Total** |
|  **Investments in Securities** |  |  |  |  |
|  Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia | $83 | $225284 | $— | $225367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Austria |  | 28339 |  | 28339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Belgium |  | 58406 |  | 58406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bermuda | 154 |  |  | 154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil | 32918 |  |  | 32918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada | 203528 |  |  | 203528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chile | 1202 | 15750 |  | 16952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China |  | 1550 |  | 1550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colombia | 719 |  |  | 719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Czech Republic |  | 1679 |  | 1679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denmark |  | 269151 |  | 269151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Egypt | 95 | 522 |  | 617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finland |  | 103036 |  | 103036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France |  | 1407911 |  | 1407911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany | 4147 | 1640057 |  | 1644204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greece | 1164 | 4840 |  | 6004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | 5297 | 88195 |  | 93492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hungary | 527 | 2549 |  | 3076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India | 2186 | 154853 |  | 157039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indonesia | 207 | 11056 |  | 11263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ireland | 12497 | 72102 |  | 84599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy | 12517 | 452229 |  | 464746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan | 4334 | 659905 |  | 664239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kuwait | 547 | 7192 |  | 7739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Luxembourg | 437 | 20932 |  | 21369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macau |  | 1275 |  | 1275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Malaysia | 1953 | 10067 |  | 12020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico | 20855 | 6298 |  | 27153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands | 699 | 568228 |  | 568927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Zealand | 2968 | 5975 |  | 8943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Norway |  | 54170 |  | 54170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peru | 2518 |  |  | 2518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philippines | 2313 | 1501 |  | 3814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Poland |  | 11951 |  | 11951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portugal |  | 18398 |  | 18398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Qatar | 4122 | 2908 |  | 7030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia | 10305 | 23573 |  | 33878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Singapore | 14472 | 44950 |  | 59422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa | 6229 | 24883 |  | 31112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Korea | 1297 | 220917 |  | 222214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain | 6619 | 373332 |  | 379951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sweden | 43081 | 286344 |  | 329425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switzerland | 491 | 1181896 |  | 1182387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taiwan | 7944 | 264534 |  | 272478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thailand | 1173 | 9489 |  | 10662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkey | 612 | 3811 |  | 4423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates | 8971 | 6140 |  | 15111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | 1279 | 2036227 |  | 2037506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | 172590 |  |  | 172590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uruguay | 320 |  |  | 320 |
|  Total Common Stocks | 593370 | 10382405 |  | 10975775 |

---

------

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

**Six Circles Managed Equity Portfolio International Unconstrained Fund (continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1**<br>**Quoted prices** | **Level 2**<br>**Other significant**<br>**observable inputs** | **Level 3**<br>**Significant**<br>**unobservable inputs** | **Total** |
|  Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil | $11810 | $— | $— | $11810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chile |  | 623 |  | 623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colombia | 596 |  |  | 596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany |  | 16349 |  | 16349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India |  |  | 11 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Korea |  | 4706 |  | 4706 |
|  Total Preferred Stocks | 12406 | 21678 | 11 | 34095 |
|  Right |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Belgium | 18 |  |  | 18 |
|  Warrant |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada |  |  |  |  |
|  Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits |  | 99925 |  | 99925 |
|  **Total Investments in Securities** | $605794 | $10504008 | $11 | $11109813 |
|  **Appreciation in Other Financial Instruments** |  |  |  |  |
|  Futures contracts | $830 | $— | $— | $830 |
|  Forward Foreign Currency Exchange contracts |  | 2 |  | 2 |
|  **Total Appreciation in Other Financial Instruments** | $830 | $2 | $— | $832 |
|  **Depreciation in Other Financial Instruments** |  |  |  |  |
|  Futures contracts | $(28) | $— | $— | $(28) |

---

**B. Derivatives** — The Funds used derivative instruments including futures, in connection with their respective investment strategies. Derivative instruments may be used as substitutes for securities in which the Funds can invest, to hedge portfolio investments or to generate income or gain to the Funds. Derivatives may also be used to manage duration, sector and yield curve exposures as well as credit and spread volatility.

The Funds may be subject to various risks from the use of derivatives including the risk that changes in the value of a derivative may not correlate perfectly with the underlying asset, rate or index; counterparty credit risk related to derivatives counterparties' failure to perform under contract terms; liquidity risk related to the lack of a liquid market for these contracts allowing a Fund to close out its position(s); and documentation risk relating to disagreement over contract terms. Investing in certain derivatives also results in a form of leverage and as such, the Funds' risk of loss associated with these instruments may exceed their value.

The Funds are party to various derivative contracts governed by International Swaps and Derivatives Association master agreements ("ISDA agreements"). The Funds' ISDA agreements, which are separately negotiated by the Sub-Advisers, with each dealer counterparty, may contain provisions allowing, absent other considerations, a counterparty to exercise rights, to the extent not otherwise waived, against the Funds in the event the Funds' net assets decline over time by a pre-determined percentage or fall below a pre-determined floor. The ISDA agreements may also contain provisions allowing, absent other conditions, the Funds to exercise rights, to the extent not otherwise waived, against a counterparty (e.g., decline in a counterparty's credit rating below a specified level). Such rights for both a counterparty and the Funds often include the ability to terminate (i.e., close out) open contracts at prices which may favor a counterparty, which could have an adverse effect on the Funds. The ISDA agreements give the Funds and a counterparty the right, upon an event of default, to close out all transactions traded under such agreements and to net amounts owed or due across all transactions and offset such net payable or receivable with collateral posted to a segregated account by one party to the other.

Counterparty credit risk may be mitigated to the extent a counterparty posts collateral for mark-to-market gains to a Fund.

Notes B(1) — B(2) below describe the various derivatives used by the Funds.

**(1) Futures Contracts** — The Funds used index futures to gain or reduce exposure to certain countries or regions, to maintain liquidity or minimize transaction costs.

------

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF SEPTEMBER 30, 2025 (Unaudited) (continued)

Futures contracts may provide for the delayed delivery of the underlying instrument at a fixed price or are settled for a cash amount based on the change in the value of the underlying instrument at a specific date in the future. Upon entering into a futures contract, the Funds are required to deposit with the broker, cash or securities in an amount equal to a certain percentage of the contract amount, which is referred to as the initial margin deposit. Subsequent payments, referred to as variation margin, are made or received by the Funds periodically and are based on changes in the market value of open futures contracts. Changes in the market value of open futures contracts are recorded as change in net unrealized appreciation/depreciation. Futures contracts outstanding at period end, if any, are listed after each Fund's SOI.

The use of futures contracts may expose the Funds to equity price risk. The Funds may be subject to the risk that the change in the value of the futures contract may not correlate perfectly with the underlying instrument. Use of long futures contracts subjects the Funds to risk of loss up to the notional amount of the futures contracts. Use of short futures contracts subjects the Funds to unlimited risk of loss. The Funds may enter into futures contracts only on exchanges or boards of trade. The exchange or board of trade acts as the counterparty to each futures transaction; therefore, the Funds' credit risk is limited to failure of the exchange or board of trade. Under some circumstances, futures exchanges may establish daily limits on the amount that the price of a futures contract can vary from the previous day's settlement price, which could effectively prevent the liquidation of positions.

The Funds' futures contracts are not subject to master netting arrangements (the right to close out all transactions traded with a counterparty and net amounts owed or due across transactions).

**(2) Forward Foreign Currency Exchange Contracts** — The Funds may be exposed to foreign currency risks associated with some or all of the portfolio investments and used forward foreign currency exchange contracts to hedge or manage certain of these exposures as part of an investment strategy. The Funds also bought forward foreign currency exchange contracts to gain exposure to currencies. Forward foreign currency exchange contracts represent obligations to purchase or sell foreign currency on a specified future date at a price fixed at the time the contracts are entered into. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in U.S. Dollars without the delivery of foreign currency. Forward contracts outstanding at period end, if any, are listed after each Fund's SOI.

The values of the forward foreign currency exchange contracts are adjusted daily based on the applicable exchange rate of the underlying currency. Changes in the value of these contracts are recorded as unrealized appreciation/depreciation until the contract settlement date. When the forward foreign currency exchange contract is closed, a Fund records a realized gain or loss equal to the difference between the value at the time the contract was opened and the value at the time it was closed. Such Fund also records a realized gain or loss when a forward foreign currency exchange contract offsets another forward foreign currency exchange contract with the same counterparty upon settlement.

The Funds' forward foreign currency exchange contracts may be subject to master netting arrangements (the right to close out all transactions with a counterparty and net amounts owed or due across transactions). The Funds may be required to post or receive collateral for non-deliverable forward foreign currency exchange contracts.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SIX CIRCLES TRUST

- **b. Investment Company Act file number:** 811-23325

- **c. CIK number of Registrant:** 0001724826

- **d. LEI of Registrant:** 549300NG19QZK8S0N704

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

  - **Street Address 1:** 383 Madison Ave

  - **City:** NY

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10179

  - **Telephone number:** 212-464-2070

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

- **a. Name of Series:** Six Circles Managed Equity Portfolio U.S. Unconstrained Fund

- **b. EDGAR series identifier (if any):** S000063724

- **c. LEI of Series:** 549300T4IDVN2XWLOR41

**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:** $25790793439.19

**Total Liabilities:** $130568207.66

**Net Assets:** $25660225231.53

**Cash Not Reported:** $89149111.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000206545 | 2.47%                | 1.96%                | 3.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5246093.17              | $538410573.85                              |
| Month 2  | $-7064284.72             | $447532607.65                              |
| Month 3  | $-17312783.83            | $904862628.56                              |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UNITED AIRLINES HOLDINGS INC      | UNITED AIRLINES HOLDINGS INC 0.00000000                                | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     12742 | NS      | $1229603.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST INC          | DIGITAL REALTY TRUST INC 0.00000000                                    | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | RE               | CORP              | US        |     41880 | NS      | $7240214.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS CO                 | GENERAL MOTORS CO 0.00000000                                           | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |    335855 | NS      | $20477079.35   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| OKLO INC                          | OKLO INC 0.00000000                                                    | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31248 | NS      | $3488214.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GILDAN ACTIVEWEAR INC CL A/CAD    | GILDAN ACTIVEWEAR INC CL A/CAD 0.00000000                              | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |      8127 | NS      | $469505.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EBAY INC                          | EBAY INC 0.00000000                                                    | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    211973 | NS      | $19278944.35   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HLDGS            | HILTON WORLDWIDE HLDGS 0.00000000                                      | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |    112269 | NS      | $29127069.36   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS PACIFIC LAND CORP           | TEXAS PACIFIC LAND CORP 0.00000000                                     | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10760 | NS      | $10045966.40   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLOGIC INC                       | HOLOGIC INC 0.00000000                                                 | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     29751 | NS      | $2007894.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP                  | DUKE ENERGY HOLDING CORP COM 0.00000000                                | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    333281 | NS      | $41243523.75   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC                        | KENVUE INC 0.00000000                                                  | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    214940 | NS      | $3488476.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                       | EQUINIX INC 0.00000000                                                 | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | RE               | CORP              | US        |     44546 | NS      | $34890209.04   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT INC              | WASTE MANAGEMENT INC 0.00000000                                        | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     72349 | NS      | $15976829.67   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC      | THERMO FISHER SCIENTIFIC INC 0.00000000                                | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    694655 | NS      | $336921568.10  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AES CORP                          | AES CORP 0.00000000                                                    | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    216003 | NS      | $2842599.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TERADYNE INC                      | TERADYNE INC 0.00000000                                                | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     74825 | NS      | $10298913.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AON PLC-CLASS A                   | AON PLC-CLASS A 0.00000000                                             | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     44527 | NS      | $15877437.66   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HYDRO ONE LTD /CAD/               | HYDRO ONE LTD /CAD/ 144A 0.00000000                                    | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |     18823 | NS      | $671525.44     | 0.00%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CAMDEN PROPERTY TRUST             | CAMDEN PROPERTY TRUST 0.00000000                                       | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | RE               | CORP              | US        |      9943 | NS      | $1061713.54    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWS CORP - CLASS A               | NEWS CORP - CLASS A 0.00000000                                         | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    145218 | NS      | $4459644.78    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE ENERGY INC                    | MGE ENERGY INC 0.00000000                                              | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10982 | NS      | $924464.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                      | SYNOPSYS INC 0.00000000                                                | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     80631 | NS      | $39782529.09   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                 | STATE STREET CORP 0.00000000                                           | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     59311 | NS      | $6880669.11    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GARTNER INC                       | GARTNER INC 0.00000000                                                 | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |     24405 | NS      | $6415342.35    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DOW INC                           | DOW INC 0.00000000                                                     | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |     88956 | NS      | $2039761.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP             | COSTCO WHOLESALE CORP 0.00000000                                       | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     81833 | NS      | $75747079.79   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HEALTHCARE TECHNOLOG-INC       | GE HEALTHCARE TECHNOLOG-INC 0.00000000                                 | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     76196 | NS      | $5722319.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS INC        | ZIMMER BIOMET HOLDINGS INC 0.00000000                                  | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     26950 | NS      | $2654575.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC             | UBER TECHNOLOGIES INC 0.00000000                                       | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    686690 | NS      | $67275019.30   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS 66                       | PHILLIPS 66 0.00000000                                                 | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    227540 | NS      | $30949990.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNICO EAGLE MINES LIMITED/CAD    | AGNICO EAGLE MINES LIMITED/CAD 0.00000000                              | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     28717 | NS      | $4836721.13    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP                     | OMNICOM GROUP 0.00000000                                               | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     54121 | NS      | $4412485.13    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COS INC - CLASS A      | ALBERTSONS COS INC - CLASS A 0.00000000                                | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |     61894 | NS      | $1083763.94    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WATSCO INC                        | WATSCO INC 0.00000000                                                  | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      4649 | NS      | $1879590.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TC ENERGY CORP /CAD/              | TC ENERGY CORP /CAD/ 0.00000000                                        | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     59304 | NS      | $3224497.87    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGN TECHNOLOGY INC              | ALIGN TECHNOLOGY INC 0.00000000                                        | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      8286 | NS      | $1037572.92    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE           | PROCTER & GAMBLE CO/THE 0.00000000                                     | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |   1072807 | NS      | $164836795.55  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| XCEL ENERGY INC                   | XCEL ENERGY INC 0.00000000                                             | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    249272 | NS      | $20103786.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NASDAQ INC                        | NASDAQ INC 0.00000000                                                  | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     79470 | NS      | $7029121.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDRIA REAL ESTATE EQUIT      | ALEXANDRIA REAL ESTATE EQUIT 0.00000000                                | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | RE               | CORP              | US        |     12564 | NS      | $1047083.76    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MONGODB INC                       | MONGODB INC 0.00000000                                                 | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |     26182 | NS      | $8126369.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LOBLAW COMPANIES LTD /CAD/        | LOBLAW COMPANIES LTD /CAD/ 0.00000000                                  | CUSIP: 539481101<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     34051 | NS      | $1317069.29    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE INC           | EXTRA SPACE STORAGE INC 0.00000000                                     | CUSIP: 30225T102<br>LEI: N/A                  | Long             | RE               | CORP              | US        |     23886 | NS      | $3366492.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CENOVUS ENERGY INC /CAD/          | CENOVUS ENERGY INC /CAD/ 0.00000000                                    | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     77432 | NS      | $1314736.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWEST NATURAL HOLDING CO      | NORTHWEST NATURAL HOLDING CO 0.00000000                                | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     11983 | NS      | $538396.19     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX CORP                          | CSX CORP 0.00000000                                                    | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    345786 | NS      | $12278860.86   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC                    | S&P GLOBAL INC 0.00000000                                              | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     39220 | NS      | $19088766.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ROGERS COMMUNICATIONS IN /CAD/    | ROGERS COMMUNICATIONS INC-B /CAD/ 0.00000000                           | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |     20811 | NS      | $716429.55     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WABTEC CORP                       | WABTEC CORP 0.00000000                                                 | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     30852 | NS      | $6184900.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CELESTICA INC /CAD/               | CELESTICA INC /CAD/ 0.00000000                                         | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      6562 | NS      | $1614779.15    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MARKEL GROUP INC                  | MARKEL GROUP INC 0.00000000                                            | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      3075 | NS      | $5877432.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INC             | QUEST DIAGNOSTICS INC 0.00000000                                       | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     11861 | NS      | $2260469.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GODADDY INC - CLASS A             | GODADDY INC - CLASS A 0.00000000                                       | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     46168 | NS      | $6317167.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTIONS INC             | WASTE CONNECTIONS INC 0.00000000                                       | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     47699 | NS      | $8385484.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PURE CYCLE CORP                   | PURE CYCLE CORP 0.00000000                                             | CUSIP: 746228303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5777 | NS      | $63951.39      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATL RAILWAY CO /CAD/    | CANADIAN NATL RAILWAY CO /CAD/ 0.00000000                              | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     30435 | NS      | $2870079.33    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                          | AT&T INC 0.00000000                                                    | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   1868426 | NS      | $52764350.24   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORP          | UNITED THERAPEUTICS CORP 0.00000000                                    | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |     16196 | NS      | $6789525.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORP               | ALLIANT ENERGY CORP 0.00000000                                         | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     95111 | NS      | $6411432.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| STAR GROUP LP                     | STAR GROUP LP 0.00000000                                               | CUSIP: 85512C105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8463 | NS      | $100117.29     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                         | AMGEN INC 0.00000000                                                   | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |    210997 | NS      | $59543353.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN & BROWN INC                 | BROWN & BROWN INC 0.00000000                                           | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     62003 | NS      | $5815261.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER CO            | INTERNATIONAL PAPER CO 0.00000000                                      | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     68388 | NS      | $3173203.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NORDSON CORP                      | NORDSON CORP 0.00000000                                                | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      6570 | NS      | $1491061.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AVISTA CORP                       | AVISTA CORP 0.00000000                                                 | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     24836 | NS      | $939049.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                        | ABBVIE INC 0.00000000                                                  | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    685581 | NS      | $158739424.74  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC                      | KKR & CO INC 0.00000000                                                | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     76894 | NS      | $9992375.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLASSIAN CORP-CL A               | ATLASSIAN CORP-CL A 0.00000000                                         | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     74094 | NS      | $11832811.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINE         | OLD DOMINION FREIGHT LINE 0.00000000                                   | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     28533 | NS      | $4016875.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GENUINE PARTS CO                  | GENUINE PARTS CO 0.00000000                                            | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     31123 | NS      | $4313647.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                         | APPLE INC 0.00000000                                                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   6366345 | NS      | $1621062427.35 | 6.32%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O AMERICA                       | H2O AMERICA 0.00000000                                                 | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9822 | NS      | $478331.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC                     | SNOWFLAKE INC 0.00000000                                               | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |    105508 | NS      | $23797329.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORP                      | ENTERGY CORP 0.00000000                                                | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |    193881 | NS      | $18067770.39   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LULULEMON ATHLETICA INC           | LULULEMON ATHLETICA INC 0.00000000                                     | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     23660 | NS      | $4209823.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC                         | JABIL INC 0.00000000                                                   | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     47194 | NS      | $10249120.98   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SAPUTO INC /CAD/                  | SAPUTO INC /CAD/ 0.00000000                                            | CUSIP: 802912105<br>LEI: 549300HH4U1DPY0TBT90 | Long             | EC               | CORP              | CA        |     14166 | NS      | $344047.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CADIZ INC                         | CADIZ INC 0.00000000                                                   | CUSIP: 127537207<br>LEI: 549300PFFIS1TCKZS151 | Long             | EC               | CORP              | US        |     19369 | NS      | $91421.68      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERGY INC                        | EVERGY INC 0.00000000                                                  | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     90301 | NS      | $6864682.02    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ORMAT TECHNOLOGIES INC            | ORMAT TECHNOLOGIES INC 0.00000000                                      | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     17498 | NS      | $1684182.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES INC                | ANALOG DEVICES INC 0.00000000                                          | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    238329 | NS      | $58557435.30   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INC         | HUNTINGTON BANCSHARES INC 0.00000000                                   | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    369427 | NS      | $6380004.29    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BANK OF CANADA /CAD/     | NATIONAL BANK OF CANADA /CAD/ 0.00000000                               | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |     22357 | NS      | $2374818.79    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US INC                   | T-MOBILE US INC 0.00000000                                             | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    155967 | NS      | $37335380.46   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS INC-A        | CONSTELLATION BRANDS INC-A 0.00000000                                  | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |     47938 | NS      | $6455810.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED MICRO DEVICES            | ADVANCED MICRO DEVICES 0.00000000                                      | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    776249 | NS      | $125589325.71  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                    | AMAZON.COM INC 0.00000000                                              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   4530283 | NS      | $994714238.31  | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE INC /CAD/                     | BCE INC /CAD/ 0.00000000                                               | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |      4257 | NS      | $99473.77      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP - A          | ARES MANAGEMENT CORP - A 0.00000000                                    | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     26102 | NS      | $4173448.78    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| POWER CORP OF CANADA /CAD/        | POWER CORP OF CANADA /CAD/ 0.00000000                                  | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     31824 | NS      | $1377050.57    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| C.H. ROBINSON WORLDWIDE INC       | C.H. ROBINSON WORLDWIDE INC 0.00000000                                 | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |     21342 | NS      | $2825680.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                    | CONOCOPHILLIPS 0.00000000                                              | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    720324 | NS      | $68135447.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                      | STRYKER CORP 0.00000000                                                | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |    168295 | NS      | $62213612.65   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORP-CL A                | AMPHENOL CORP-CL A 0.00000000                                          | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    524382 | NS      | $64892272.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO/THE                   | SOUTHERN CO/THE 0.00000000                                             | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    471031 | NS      | $44639607.87   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLARAMA INC /CAD/               | DOLLARAMA INC /CAD/ 0.00000000                                         | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |     15824 | NS      | $2086898.73    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE ENERGY CORP                   | OGE ENERGY CORP 0.00000000                                             | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     61376 | NS      | $2839867.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLISLE COS INC                  | CARLISLE COS INC 0.00000000                                            | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      6104 | NS      | $2007971.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DOVER CORP                        | DOVER CORP 0.00000000                                                  | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     19165 | NS      | $3197296.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                    | MICROSOFT CORP 0.00000000                                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   3933385 | NS      | $2037296760.75 | 7.94%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                     | WELLTOWER INC 0.00000000                                               | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | RE               | CORP              | US        |     80789 | NS      | $14391752.46   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                    | SERVICENOW INC 0.00000000                                              | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     90614 | NS      | $83390251.92   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| RESMED INC                        | RESMED INC 0.00000000                                                  | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     23689 | NS      | $6484389.97    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CO                     | FORD MOTOR CO 0.00000000                                               | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |   1364479 | NS      | $16319168.84   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO INC                   | BEST BUY CO INC 0.00000000                                             | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     44892 | NS      | $3394733.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP INC - A                      | SNAP INC - A 0.00000000                                                | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |    499527 | NS      | $3851353.17    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WATERS CORP                       | WATERS CORP 0.00000000                                                 | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |     18578 | NS      | $5569870.18    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST CITIZENS BCSHS  -CL A       | FIRST CITIZENS BCSHS  -CL A 0.00000000                                 | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      2823 | NS      | $5050798.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURC /CAD/    | CANADIAN NATURAL RESOURCES /CAD/ 0.00000000                            | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    119446 | NS      | $3819319.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDITORS INTL WASH INC          | EXPEDITORS INTL WASH INC 0.00000000                                    | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |     21677 | NS      | $2657383.43    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY              | CONSTELLATION ENERGY 0.00000000                                        | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |    131540 | NS      | $43285867.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC-CL C                 | ALPHABET INC-CL C 0.00000000                                           | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   2355137 | NS      | $573593616.35  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY CORP                 | KIMCO REALTY CORP 0.00000000                                           | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | RE               | CORP              | US        |    100345 | NS      | $2192538.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DAVITA HEALTHCARE PARTNER INC     | DAVITA HEALTHCARE PARTNER INC 0.00000000                               | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |      2385 | NS      | $316894.95     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP                  | PROGRESSIVE CORP 0.00000000                                            | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    173318 | NS      | $42800880.10   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLVENTUM CORP                    | SOLVENTUM CORP 0.00000000                                              | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |     16012 | NS      | $1168876.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENTIAL UTILITIES INC           | ESSENTIAL UTILITIES INC 0.00000000                                     | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |     98065 | NS      | $3912793.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TECK RESOURCES LTD CLS B/CAD/     | TECK RESOURCES LTD CLS B/CAD/ 0.00000000                               | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     26584 | NS      | $1166165.98    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC-CLASS A SHARES           | VISA INC-CLASS A SHARES 0.00000000                                     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    261885 | NS      | $89402301.30   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK /CAD/       | TORONTO-DOMINION BANK /CAD/ 0.00000000                                 | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     98173 | NS      | $7849889.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC          | PRUDENTIAL FINANCIAL INC 0.00000000                                    | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     77749 | NS      | $8065681.26    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERSOURCE ENERGY                 | EVERSOURCE ENERGY 0.00000000                                           | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    152998 | NS      | $10884277.72   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL ENVIRONMENTAL INC-SU /CAD/    | GFL ENVIRONMENTAL INC-SUB VT /CAD/ 0.00000000                          | CUSIP: 36168Q104<br>LEI: 894500E7NLBY9VZRT696 | Long             | EC               | CORP              | CA        |     14091 | NS      | $667846.78     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MANULIFE FINANCIAL CORP /CAD/     | MANULIFE FINANCIAL CORP /CAD/ 0.00000000                               | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |     97463 | NS      | $3036570.87    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE INC - CLASS A          | CLOUDFLARE INC - CLASS A 0.00000000                                    | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |    104070 | NS      | $22332381.30   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES INC               | QUANTA SERVICES INC 0.00000000                                         | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     24445 | NS      | $10130496.90   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| OTIS WORLDWIDE CORP               | OTIS WORLDWIDE CORP 0.00000000                                         | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     57710 | NS      | $5276425.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FERGUSON ENTERPRISES INC          | FERGUSON ENTERPRISES INC 0.00000000                                    | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     30179 | NS      | $6777599.82    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO           | BRISTOL-MYERS SQUIBB CO 0.00000000                                     | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    863579 | NS      | $38947412.90   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA CORP                        | CIGNA CORP 0.00000000                                                  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     33136 | NS      | $9551452.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC                       | TRIMBLE INC 0.00000000                                                 | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |    104698 | NS      | $8548591.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS INC                | UNITED RENTALS INC 0.00000000                                          | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |     10153 | NS      | $9692662.98    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| T ROWE PRICE GROUP INC            | T ROWE PRICE GROUP INC 0.00000000                                      | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     33646 | NS      | $3453425.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA HOLDINGS INC                | IQVIA HOLDINGS INC 0.00000000                                          | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     57603 | NS      | $10941113.82   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORP                          | EQT CORP 0.00000000                                                    | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    334321 | NS      | $18197092.03   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC           | GOLDMAN SACHS GROUP INC 0.00000000                                     | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     40325 | NS      | $32112813.75   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC                         | ADOBE INC 0.00000000                                                   | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |    184946 | NS      | $65239701.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                        | US BANCORP 0.00000000                                                  | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    709037 | NS      | $34267758.21   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP        | CAPITAL ONE FINANCIAL CORP 0.00000000                                  | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |   1104220 | NS      | $234735087.60  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M CO                             | 3M CO 0.00000000                                                       | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     85421 | NS      | $13255630.78   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE INC                      | AUTOZONE INC 0.00000000                                                | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      3693 | NS      | $15843856.32   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! BRANDS INC                   | YUM! BRANDS INC 0.00000000                                             | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     58583 | NS      | $8904616.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS INC                | STEEL DYNAMICS INC 0.00000000                                          | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     17565 | NS      | $2449087.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORP - CLASS A                | FOX CORP - CLASS A 0.00000000                                          | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     49012 | NS      | $3090696.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES INC               | SUN COMMUNITIES INC 0.00000000                                         | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | RE               | CORP              | US        |      9166 | NS      | $1182414.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK INC                         | ONEOK INC 0.00000000                                                   | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    344441 | NS      | $25133859.77   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORP               | KIMBERLY-CLARK CORP 0.00000000                                         | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     36432 | NS      | $4529954.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFIRM HOLDINGS INC               | AFFIRM HOLDINGS INC 0.00000000                                         | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29836 | NS      | $2180414.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INC                         | AFLAC INC 0.00000000                                                   | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |    145930 | NS      | $16300381.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP          | CITIZENS FINANCIAL GROUP 0.00000000                                    | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |    114828 | NS      | $6104256.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR                  | ON SEMICONDUCTOR 0.00000000                                            | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |    197205 | NS      | $9724178.55    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST QUANTUM MINERALS L /CAD/    | FIRST QUANTUM MINERALS LTD /CAD/ 0.00000000                            | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |     40461 | NS      | $915220.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM ENERGY INC                   | TXNM ENERGY INC 0.00000000                                             | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     28664 | NS      | $1620949.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS         | REGENERON PHARMACEUTICALS 0.00000000                                   | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     40964 | NS      | $23032828.28   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC-CLASS A        | META PLATFORMS INC-CLASS A 0.00000000                                  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |   1037974 | NS      | $762267346.12  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| POOL CORP                         | POOL CORP 0.00000000                                                   | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      5200 | NS      | $1612364.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX CORP                         | IDEX CORP 0.00000000                                                   | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      7355 | NS      | $1197099.80    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE GROUP INC - A                | CBRE GROUP INC - A 0.00000000                                          | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     38289 | NS      | $6032814.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC                | NEXTERA ENERGY INC 0.00000000                                          | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    867140 | NS      | $65460398.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TYSON FOODS INC-CL A              | TYSON FOODS INC-CL A 0.00000000                                        | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     45747 | NS      | $2484062.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC                        | INTUIT INC 0.00000000                                                  | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |    365020 | NS      | $249275808.20  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB (CHARLES) CORP             | SCHWAB (CHARLES) CORP 0.00000000                                       | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    212072 | NS      | $20246513.84   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                     | CME GROUP INC 0.00000000                                               | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     48546 | NS      | $13116643.74   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD       | ROYAL CARIBBEAN CRUISES LTD 0.00000000                                 | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |    119406 | NS      | $38637393.48   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INC       | HONEYWELL INTERNATIONAL INC 0.00000000                                 | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |    822163 | NS      | $173065311.50  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE AND CO                      | DEERE AND CO 0.00000000                                                | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |    506925 | NS      | $231796525.50  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HOLDINGS INC            | EQUITABLE HOLDINGS INC 0.00000000                                      | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     35192 | NS      | $1787049.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NEW YORK MELLON CORP      | BANK OF NEW YORK MELLON CORP 0.00000000                                | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     95222 | NS      | $10375389.12   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR INC                        | PACCAR INC 0.00000000                                                  | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     87598 | NS      | $8612635.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN LIFE FINANCIAL INC /CAD/      | SUN LIFE FINANCIAL INC /CAD/ 0.00000000                                | CUSIP: 866796105<br>LEI: 549300V040JZX5S66Z78 | Long             | EC               | CORP              | CA        |     32161 | NS      | $1931231.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE INC                | HCA HEALTHCARE INC 0.00000000                                          | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     21209 | NS      | $9039275.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS INC                        | VENTAS INC 0.00000000                                                  | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | RE               | CORP              | US        |     55355 | NS      | $3874296.45    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TORO CO                           | TORO CO 0.00000000                                                     | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |    170086 | NS      | $12960553.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS       | SEAGATE TECHNOLOGY HOLDINGS 0.00000000                                 | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     91235 | NS      | $21536934.10   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE GAS INC                       | ONE GAS INC 0.00000000                                                 | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     19205 | NS      | $1554452.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER           | AMERICAN ELECTRIC POWER 0.00000000                                     | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    232243 | NS      | $26127337.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHLUMBERGER NV                   | SCHLUMBERGER NV 0.00000000                                             | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    850913 | NS      | $29245879.81   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN-FORMAN CORP-CLASS B         | BROWN-FORMAN CORP-CLASS B 0.00000000                                   | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     43964 | NS      | $1190545.12    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOMARIN PHARMACEUTICAL INC       | BIOMARIN PHARMACEUTICAL INC 0.00000000                                 | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     71929 | NS      | $3895674.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| XYLEM INC                         | XYLEM INC 0.00000000                                                   | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     38368 | NS      | $5659280.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLUMINA INC                      | ILLUMINA INC 0.00000000                                                | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |     49664 | NS      | $4716590.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                         | CHUBB LTD 0.00000000                                                   | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     82089 | NS      | $23169620.25   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLSON COORS BEVERAGE CO - B      | MOLSON COORS BEVERAGE CO - B 0.00000000                                | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     59772 | NS      | $2704683.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EATON CORP PLC                    | EATON CORP PLC 0.00000000                                              | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     63572 | NS      | $23791821.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORP             | GENERAL DYNAMICS CORP 0.00000000                                       | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     59842 | NS      | $20406122.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ELECTRONIC ARTS INC               | ELECTRONIC ARTS INC 0.00000000                                         | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     62225 | NS      | $12550782.50   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY INC            | MARVELL TECHNOLOGY INC 0.00000000                                      | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    565797 | NS      | $47566553.79   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOGEN INC                        | BIOGEN INC 0.00000000                                                  | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |     58732 | NS      | $8227178.56    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TWILIO INC - A                    | TWILIO INC - A 0.00000000                                              | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     50930 | NS      | $5097583.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX CORP -CLASS A              | ROBLOX CORP -CLASS A 0.00000000                                        | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    148220 | NS      | $20531434.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SMURFIT WESTROCK PLC              | SMURFIT WESTROCK PLC 0.00000000                                        | CUSIP: G8267P108<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |     68534 | NS      | $2917492.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC               | VICI PROPERTIES INC 0.00000000                                         | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | RE               | CORP              | US        |    156717 | NS      | $5110541.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK INC                      | AUTODESK INC 0.00000000                                                | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     94007 | NS      | $29863203.69   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO. INC.                  | MERCK & CO. INC. 0.00000000                                            | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |   1065714 | NS      | $89445376.02   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLYLE GROUP INC/THE             | CARLYLE GROUP INC/THE 0.00000000                                       | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     33338 | NS      | $2090292.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES IN          | KEYSIGHT TECHNOLOGIES IN 0.00000000                                    | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     67904 | NS      | $11877767.68   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCO-NEVADA CORP /CAD/          | FRANCO-NEVADA CORP /CAD/ 0.00000000                                    | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     10993 | NS      | $2446864.71    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INC                      | RELIANCE INC 0.00000000                                                | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      5791 | NS      | $1626286.53    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERA INC /CAD/                   | EMERA INC /CAD/ 0.00000000                                             | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |     16999 | NS      | $815566.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIRE INC                         | SPIRE INC 0.00000000                                                   | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     17848 | NS      | $1454968.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPIRE CO LTD 'A' /CAD/           | EMPIRE CO LTD 'A' /CAD/ 0.00000000                                     | CUSIP: 291843407<br>LEI: 549300TX0ZUSTEF7C719 | Long             | EC               | CORP              | CA        |      7244 | NS      | $259996.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE REIT               | PUBLIC STORAGE            REAL ESTATE INVESTMENT TRUST 0.00000000      | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | RE               | CORP              | US        |     16713 | NS      | $4827550.05    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                            | SEMPRA 0.00000000                                                      | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    273536 | NS      | $24612769.28   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINION ENERGY INC               | DOMINION ENERGY INC 0.00000000                                         | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    356588 | NS      | $21812487.96   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORP              | WESTERN DIGITAL CORP 0.00000000                                        | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    154035 | NS      | $18493442.10   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS INC                 | GENERAL MILLS INC 0.00000000                                           | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     60765 | NS      | $3063771.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COS INC                    | LOWE'S COS INC 0.00000000                                              | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    125922 | NS      | $31645457.82   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING         | AUTOMATIC DATA PROCESSING 0.00000000                                   | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     65867 | NS      | $19331964.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC                   | GEN DIGITAL INC 0.00000000                                             | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |    227002 | NS      | $6444586.78    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORP                        | HEICO CORP 0.00000000                                                  | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      7970 | NS      | $2572875.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DICK'S SPORTING GOODS INC         | DICK'S SPORTING GOODS INC 0.00000000                                   | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     13841 | NS      | $3075747.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP                  | FIRSTENERGY CORP 0.00000000                                            | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    223477 | NS      | $10239716.14   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WHEATON PRECIOUS METALS  /CAD/    | WHEATON PRECIOUS METALS CORP /CAD/ 0.00000000                          | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     25897 | NS      | $2898037.49    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL INC       | RAYMOND JAMES FINANCIAL INC 0.00000000                                 | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     32213 | NS      | $5559963.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                       | EQUIFAX INC 0.00000000                                                 | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |     20353 | NS      | $5221155.09    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CINCINNATI FINANCIAL CORP         | CINCINNATI FINANCIAL CORP 0.00000000                                   | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |     35966 | NS      | $5686224.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BAXTER INTERNATIONAL INC          | BAXTER INTERNATIONAL INC 0.00000000                                    | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |     69478 | NS      | $1582014.06    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C XAI EMINI INDUSTR DEC25       | FUTURE CONTRACT ON           XAI EMINI INDUSTR DEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         5 | NC      | $783700.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RGC RESOURCES INC                 | RGC RESOURCES INC 0.00000000                                           | CUSIP: 74955L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2712 | NS      | $60857.28      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C XAE ENERGY        DEC25       | FUTURE CONTRACT ON           XAE ENERGY        DEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        19 | NC      | $1791890.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                       | ORACLE CORP 0.00000000                                                 | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    741689 | NS      | $208592614.36  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD ASSET MGMT-A /CAD/     | BROOKFIELD ASSET MGMT-A /CAD/ 0.00000000                               | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |     23359 | NS      | $1329333.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CAN IMPERIAL BK OF COMME /CAD/    | CAN IMPERIAL BK OF COMMERCE /CAD/ 0.00000000                           | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     53257 | NS      | $4255738.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUTTER ENTERTAINMENT PLC-DI      | FLUTTER ENTERTAINMENT PLC-DI 0.00000000                                | CUSIP: G3643J108<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |     38761 | NS      | $9845294.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGION PLC                      | ALLEGION PLC 0.00000000                                                | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |     11446 | NS      | $2029948.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BALL CORP                         | BALL CORP 0.00000000                                                   | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |     39590 | NS      | $1996127.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE I /CAD/    | CONSTELLATION SOFTWARE INC /CAD/ 0.00000000                            | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |      1149 | NS      | $3119134.17    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLETE INC                        | ALLETE INC 0.00000000                                                  | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |     17471 | NS      | $1160074.40    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL TECHNOLOGIES -C              | DELL TECHNOLOGIES -C 0.00000000                                        | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |    140716 | NS      | $19949307.32   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LOEWS CORP                        | LOEWS CORP 0.00000000                                                  | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     54462 | NS      | $5467440.18    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN HOLDINGS INC                | CROWN HOLDINGS INC 0.00000000                                          | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     16203 | NS      | $1565047.77    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JM SMUCKER CO/THE                 | JM SMUCKER CO/THE 0.00000000                                           | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      9323 | NS      | $1012477.80    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORP                        | INTEL CORP 0.00000000                                                  | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |   2096023 | NS      | $70321571.65   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS INC      | AIR PRODUCTS & CHEMICALS INC 0.00000000                                | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     25777 | NS      | $7029903.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS CO               | VULCAN MATERIALS CO 0.00000000                                         | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     17317 | NS      | $5327055.54    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP                | UNION PACIFIC CORP 0.00000000                                          | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    102112 | NS      | $24136213.44   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DR HORTON INC                     | DR HORTON INC 0.00000000                                               | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |    746588 | NS      | $126524268.36  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS INC      | MONOLITHIC POWER SYSTEMS INC 0.00000000                                | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     22478 | NS      | $20694145.92   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTAUK RENEWABLES INC            | MONTAUK RENEWABLES INC 0.00000000                                      | CUSIP: 61218C103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18434 | NS      | $37052.34      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN WATER WORKS CO INC       | AMERICAN WATER WORKS CO INC 0.00000000                                 | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     78029 | NS      | $10860856.51   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHPEAK PROPERTIES INC         | HEALTHPEAK PROPERTIES INC 0.00000000                                   | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | RE               | CORP              | US        |     85761 | NS      | $1642323.15    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TYLER TECHNOLOGIES INC            | TYLER TECHNOLOGIES INC 0.00000000                                      | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |     18087 | NS      | $9462394.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY CORP                 | TALEN ENERGY CORP 0.00000000                                           | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11766 | NS      | $5005021.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HORMEL FOODS CORP                 | HORMEL FOODS CORP 0.00000000                                           | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     35509 | NS      | $878492.66     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP-CL A      | ZEBRA TECHNOLOGIES CORP-CL A 0.00000000                                | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |     21375 | NS      | $6351795.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                             | AECOM 0.00000000                                                       | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |     21250 | NS      | $2772487.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORP-CLASS A             | APPLOVIN CORP-CLASS A 0.00000000                                       | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |    261681 | NS      | $188028265.74  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HARTFORD INSURANCE GROUP INC      | HARTFORD INSURANCE GROUP INC 0.00000000                                | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     72597 | NS      | $9683713.83    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AVERY DENNISON CORP               | AVERY DENNISON CORP 0.00000000                                         | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     10091 | NS      | $1636457.47    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTANIX INC - A                   | NUTANIX INC - A 0.00000000                                             | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |    107199 | NS      | $7974533.61    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDSAY CORP                      | LINDSAY CORP 0.00000000                                                | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     18722 | NS      | $2631564.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VERALTO CORP                      | VERALTO CORP 0.00000000                                                | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     43198 | NS      | $4605338.78    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C XAF FINANCIAL     DEC25       | FUTURE CONTRACT ON           XAF FINANCIAL     DEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         1 | NC      | $167377.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                    | HOME DEPOT INC 0.00000000                                              | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    229301 | NS      | $92910472.19   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HALLIBURTON CO                    | HALLIBURTON CO 0.00000000                                              | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |    492496 | NS      | $12115401.60   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| OPEN TEXT CORP /CAD/              | OPEN TEXT CORP /CAD/ 0.00000000                                        | CUSIP: 683715106<br>LEI: 549300HP7ONDQODZJV16 | Long             | EC               | CORP              | CA        |     14636 | NS      | $547075.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TRADEWEB MARKETS INC-CLASS A      | TRADEWEB MARKETS INC-CLASS A 0.00000000                                | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16073 | NS      | $1783781.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP         | OCCIDENTAL PETROLEUM CORP 0.00000000                                   | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |    417637 | NS      | $19733348.25   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FASTENAL CO                       | FASTENAL CO 0.00000000                                                 | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    176061 | NS      | $8634031.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTIS INC /CAD/                  | FORTIS INC /CAD/ 0.00000000                                            | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |     28622 | NS      | $1451769.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C S&P500 EMINI FUT  DEC25       | FUTURE CONTRACT ON           S&P500 EMINI FUT  DEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        62 | NC      | $20890125.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 INC                            | F5 INC 0.00000000                                                      | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |     24204 | NS      | $7822490.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                    | NRG ENERGY INC 0.00000000                                              | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     83499 | NS      | $13522663.05   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE CO              | COLGATE-PALMOLIVE CO 0.00000000                                        | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     75795 | NS      | $6059052.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GENERAL CORP               | DOLLAR GENERAL CORP 0.00000000                                         | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     26890 | NS      | $2779081.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSARA INC-CL A                  | SAMSARA INC-CL A 0.00000000                                            | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125329 | NS      | $4668505.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON INC           | CONSOLIDATED EDISON INC 0.00000000                                     | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |    154687 | NS      | $15549137.24   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| STARBUCKS CORP                    | STARBUCKS CORP 0.00000000                                              | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |    256438 | NS      | $21694654.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CARVANA CO                        | CARVANA CO 0.00000000                                                  | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |     28715 | NS      | $10832446.60   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NUCOR CORP                        | NUCOR CORP 0.00000000                                                  | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     30120 | NS      | $4079151.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RIVIAN AUTOMOTIVE INC-A           | RIVIAN AUTOMOTIVE INC-A 0.00000000                                     | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |    262099 | NS      | $3847613.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOMBARDIER INC-B /CAD/            | BOMBARDIER INC-B /CAD/ 0.00000000                                      | CUSIP: 097751861<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | EC               | CORP              | CA        |      5014 | NS      | $702651.74     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COMPANIES INC                 | TJX COMPANIES INC 0.00000000                                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    503947 | NS      | $72840499.38   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTRIEN LTD /CAD/                 | NUTRIEN LTD /CAD/ 0.00000000                                           | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     27817 | NS      | $1633601.65    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SUPER MICRO COMPUTER INC          | SUPER MICRO COMPUTER INC 0.00000000                                    | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |    214642 | NS      | $10289937.48   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC                       | CUMMINS INC 0.00000000                                                 | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     23481 | NS      | $9917669.97    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MCCORMICK & CO-NON VTG SHRS       | MCCORMICK & CO-NON VTG SHRS 0.00000000                                 | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |     22124 | NS      | $1480316.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERSON ELECTRIC CO               | EMERSON ELECTRIC CO 0.00000000                                         | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     90099 | NS      | $11819186.82   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD CORP /CAD/             | BROOKFIELD CORP /CAD/ 0.00000000                                       | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     78017 | NS      | $5353052.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C NASD100 MICRO EMINDEC25       | FUTURE CONTRACT ON           NASD100 MICRO EMINDEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       190 | NC      | $9462665.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COS              | MARSH & MCLENNAN COS 0.00000000                                        | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |    109113 | NS      | $21989542.89   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTESIAN RESOURCES CORP-CL A      | ARTESIAN RESOURCES CORP-CL A 0.00000000                                | CUSIP: 043113208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2647 | NS      | $86278.97      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                       | METLIFE INC 0.00000000                                                 | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    166622 | NS      | $13724654.14   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| INTACT FINANCIAL CORP /CAD/       | INTACT FINANCIAL CORP /CAD/ 0.00000000                                 | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |     10177 | NS      | $1980043.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C E-MINI RUSS 2000  DEC25       | FUTURE CONTRACT ON           E-MINI RUSS 2000  DEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         2 | NC      | $245550.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                        | PFIZER INC 0.00000000                                                  | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |   2441891 | NS      | $62219382.68   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| WEYERHAEUSER CO                   | WEYERHAEUSER CO 0.00000000                                             | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | RE               | CORP              | US        |     80964 | NS      | $2007097.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                         | TESLA INC 0.00000000                                                   | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |   1087566 | NS      | $483662351.52  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| AMCOR PLC                         | AMCOR PLC 0.00000000                                                   | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |    333378 | NS      | $2727032.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXTRON INC                       | TEXTRON INC 0.00000000                                                 | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |     42011 | NS      | $3549509.39    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI INC /CAD/                     | CGI INC /CAD/ 0.00000000                                               | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |     11378 | NS      | $1013448.93    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG INC - CLASS A             | DATADOG INC - CLASS A 0.00000000                                       | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |    125666 | NS      | $17894838.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN PACIFIC KANSAS  /CAD/    | CANADIAN PACIFIC KANSAS CITY /CAD/ 0.00000000                          | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     52577 | NS      | $3915790.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| P G & E CORP                      | P G & E CORP 0.00000000                                                | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    921158 | NS      | $13891062.64   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP                       | TARGET CORP 0.00000000                                                 | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     47710 | NS      | $4279587.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC            | TRANE TECHNOLOGIES PLC 0.00000000                                      | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     34961 | NS      | $14752143.56   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDUSTRIES INC                | PPG INDUSTRIES INC 0.00000000                                          | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     21581 | NS      | $2268378.91    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT INC                       | HUBSPOT INC 0.00000000                                                 | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     21824 | NS      | $10209267.20   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC          | MICROCHIP TECHNOLOGY INC 0.00000000                                    | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |    258660 | NS      | $16611145.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TITAN INTERNATIONAL INC           | TITAN INTERNATIONAL INC 0.00000000                                     | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |     87126 | NS      | $658672.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL -CL A      | MARRIOTT INTERNATIONAL -CL A 0.00000000                                | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |    108942 | NS      | $28372854.48   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORPORATION                | AMEREN CORPORATION 0.00000000                                          | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    111967 | NS      | $11687115.46   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH INC               | ELEVANCE HEALTH INC 0.00000000                                         | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     24842 | NS      | $8026947.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| REVVITY INC                       | REVVITY INC 0.00000000                                                 | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |     39508 | NS      | $3462876.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                       | WALMART INC 0.00000000                                                 | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   6100715 | NS      | $628739687.90  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DRAFTKINGS INC-CL A               | DRAFTKINGS INC-CL A 0.00000000                                         | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     88727 | NS      | $3318389.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PURE STORAGE INC - CLASS A        | PURE STORAGE INC - CLASS A 0.00000000                                  | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |    134836 | NS      | $11300605.16   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY RESIDENTIAL                | EQUITY RESIDENTIAL 0.00000000                                          | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | RE               | CORP              | US        |     35741 | NS      | $2313514.93    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NORWEGIAN CRUISE LINE HOLDIN      | NORWEGIAN CRUISE LINE HOLDIN 0.00000000                                | CUSIP: G66721104<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     96163 | NS      | $2368494.69    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORP - CLASS B                | FOX CORP - CLASS B 0.00000000                                          | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     55262 | NS      | $3165959.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP      | AMERICAN INTERNATIONAL GROUP 0.00000000                                | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    135328 | NS      | $10628661.12   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORP                       | CINTAS CORP 0.00000000                                                 | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62146 | NS      | $12756087.96   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORP                   | CMS ENERGY CORP 0.00000000                                             | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    112662 | NS      | $8253618.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP INC                       | IDACORP INC 0.00000000                                                 | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     16277 | NS      | $2151005.55    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE NATIONAL ENTERTAINMENT INC   | LIVE NATIONAL ENTERTAINMENT INC 0.00000000                             | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     42727 | NS      | $6981591.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ESTEE LAUDER COMPANIES-CL A       | ESTEE LAUDER COMPANIES-CL A 0.00000000                                 | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     25272 | NS      | $2226968.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TRADE DESK INC/THE -CLASS A       | TRADE DESK INC/THE -CLASS A 0.00000000                                 | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |    111953 | NS      | $5486816.53    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORP            | REGIONS FINANCIAL CORP 0.00000000                                      | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    230334 | NS      | $6073907.58    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBINHOOD MARKETS INC - A         | ROBINHOOD MARKETS INC - A 0.00000000                                   | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     88651 | NS      | $12693050.18   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLINS INC                       | ROLLINS INC 0.00000000                                                 | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     56070 | NS      | $3293551.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDELEZ INTERNATIONAL INC-A      | MONDELEZ INTERNATIONAL INC-A 0.00000000                                | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    159608 | NS      | $9970711.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PRINCIPAL FINANCIAL GROUP         | PRINCIPAL FINANCIAL GROUP 0.00000000                                   | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     66709 | NS      | $5530843.19    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORP                          | UGI CORP 0.00000000                                                    | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     64960 | NS      | $2160569.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC              | BOOKING HOLDINGS INC 0.00000000                                        | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     60407 | NS      | $326153702.89  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNATRACE INC                     | DYNATRACE INC 0.00000000                                               | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |    131014 | NS      | $6347628.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| M & T BANK CORP                   | M & T BANK CORP 0.00000000                                             | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     34677 | NS      | $6852868.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT IN      | ANNALY CAPITAL MANAGEMENT IN 0.00000000                                | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | RE               | CORP              | US        |    121136 | NS      | $2448158.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE INC -CL B                    | NIKE INC -CL B 0.00000000                                              | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    269063 | NS      | $18761762.99   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKER HANNIFIN CORP              | PARKER HANNIFIN CORP 0.00000000                                        | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     20707 | NS      | $15699012.05   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS INC               | PAYPAL HOLDINGS INC 0.00000000                                         | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    114145 | NS      | $7654563.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTHUR J GALLAGHER & CO           | ARTHUR J GALLAGHER & CO 0.00000000                                     | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     57341 | NS      | $17760801.34   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC                      | NISOURCE INC 0.00000000                                                | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    202101 | NS      | $8750973.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH INC - A                  | DOORDASH INC - A 0.00000000                                            | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |    102541 | NS      | $27890126.59   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| IGM FINANCIAL INC /CAD/           | IGM FINANCIAL INC /CAD/ 0.00000000                                     | CUSIP: 449586106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      4720 | NS      | $171815.19     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC           | O'REILLY AUTOMOTIVE INC 0.00000000                                     | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |    190668 | NS      | $20555917.08   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORP                       | INCYTE CORP 0.00000000                                                 | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     62225 | NS      | $5277302.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CAE INC /CAD/                     | CAE INC /CAD/ 0.00000000                                               | CUSIP: 124765108<br>LEI: 549300FFM2BEH2GF1E44 | Long             | EC               | CORP              | CA        |     17377 | NS      | $514554.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLA WT EX 03/31/40 /CAD/    | CONSTELLATION SOFTWARE INC WARRANTS EXPIRE 03/31/2040 /CAD/ 0.00000000 | CUSIP: 21037X134<br>LEI: 549300B6PYHMCTDWQV29 | N/A              | DE               | CORP              | CA        |      1314 | NS      | $0.00          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| EVEREST GROUP LTD                 | EVEREST GROUP LTD 0.00000000                                           | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      9347 | NS      | $3273599.81    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORP                | VALERO ENERGY CORP 0.00000000                                          | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |    177982 | NS      | $30303215.32   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                         | LINDE PLC 0.00000000                                                   | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     57680 | NS      | $27398000.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYS INC            | CADENCE DESIGN SYS INC 0.00000000                                      | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |    119239 | NS      | $41883891.14   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| INGERSOLL-RAND INC                | INGERSOLL-RAND INC 0.00000000                                          | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     62254 | NS      | $5143425.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINO'S PIZZA INC                | DOMINO'S PIZZA INC 0.00000000                                          | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      5904 | NS      | $2548815.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER TECHNOLOGIES INC            | ROPER TECHNOLOGIES INC 0.00000000                                      | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     47269 | NS      | $23572577.61   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WR BERKLEY CORP                   | WR BERKLEY CORP 0.00000000                                             | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     69812 | NS      | $5348995.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PENTAIR PLC                       | PENTAIR PLC 0.00000000                                                 | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |     22610 | NS      | $2504283.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C MICRO EMIN RUS2000DEC25       | FUTURE CONTRACT ON           MICRO EMIN RUS2000DEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        39 | NC      | $478822.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TOURMALINE OIL CORP /CAD/         | TOURMALINE OIL CORP /CAD/ 0.00000000                                   | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |     20970 | NS      | $904375.51     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LUNDIN GOLD INC /CAD/             | LUNDIN GOLD INC /CAD/ 0.00000000                                       | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |      6195 | NS      | $401381.87     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOM COMMUNICATIONS INC           | ZOOM COMMUNICATIONS INC 0.00000000                                     | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |    105323 | NS      | $8689147.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYERA CORP /CAD/                 | KEYERA CORP /CAD/ 0.00000000                                           | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |     13076 | NS      | $438685.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARC RESOURCES LTD /CAD/           | ARC RESOURCES LTD /CAD/ 0.00000000                                     | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |     33362 | NS      | $608412.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CORPAY INC                        | CORPAY INC 0.00000000                                                  | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      7627 | NS      | $2197033.62    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWESTERN ENERGY GROUP IN      | NORTHWESTERN ENERGY GROUP IN 0.00000000                                | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     18620 | NS      | $1091318.20    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                           | KEYCORP 0.00000000                                                     | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    779062 | NS      | $14560668.78   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NEUROCRINE BIOSCIENCES INC        | NEUROCRINE BIOSCIENCES INC 0.00000000                                  | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     35764 | NS      | $5020550.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HYATT HOTELS CORP - CL A          | HYATT HOTELS CORP - CL A 0.00000000                                    | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |     20095 | NS      | $2852083.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTE GROUP INC                   | PULTE GROUP INC 0.00000000                                             | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    527304 | NS      | $69672677.52   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARWAY ENERGY INC-A             | CLEARWAY ENERGY INC-A 0.00000000                                       | CUSIP: 18539C105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10461 | NS      | $281714.73     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHESAPEAKE UTILITIES CORP         | CHESAPEAKE UTILITIES CORP 0.00000000                                   | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      7028 | NS      | $946601.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INTL FLAVORS & FRAGRANCES         | INTL FLAVORS & FRAGRANCES 0.00000000                                   | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |     23348 | NS      | $1436835.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORP            | BOSTON SCIENTIFIC CORP 0.00000000                                      | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |   2508875 | NS      | $244941466.25  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRIS         | HEWLETT PACKARD ENTERPRIS 0.00000000                                   | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    577077 | NS      | $14173011.12   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                        | FISERV INC 0.00000000                                                  | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     64104 | NS      | $8264928.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA WATER SERVICE GRP      | CALIFORNIA WATER SERVICE GRP 0.00000000                                | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     18150 | NS      | $832903.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNCOR ENERGY INC /CAD/           | SUNCOR ENERGY INC /CAD/ 0.00000000                                     | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     70048 | NS      | $2931375.67    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SOFI TECHNOLOGIES INC             | SOFI TECHNOLOGIES INC 0.00000000                                       | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |    149882 | NS      | $3959882.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & CO                    | ELI LILLY & CO 0.00000000                                              | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |    541771 | NS      | $413371273.00  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BENTLEY SYSTEMS INC-CLASS B       | BENTLEY SYSTEMS INC-CLASS B 0.00000000                                 | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |     62680 | NS      | $3226766.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS INC              | VERISK ANALYTICS INC 0.00000000                                        | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     20182 | NS      | $5075974.82    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORP-CLASS A                | HEICO CORP-CLASS A 0.00000000                                          | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      9197 | NS      | $2336865.73    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL INFO SERV       | FIDELITY NATIONAL INFO SERV 0.00000000                                 | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     62020 | NS      | $4089598.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET INC                      | FORTINET INC 0.00000000                                                | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |    285698 | NS      | $24021487.84   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM GROUP INC               | TRANSDIGM GROUP INC 0.00000000                                         | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14259 | NS      | $18793647.18   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CO/THE                  | COCA-COLA CO/THE 0.00000000                                            | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |   2825009 | NS      | $187354596.88  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORP               | NORTHERN TRUST CORP 0.00000000                                         | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     33218 | NS      | $4471142.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCH & DWIGHT CO INC            | CHURCH & DWIGHT CO INC 0.00000000                                      | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     20450 | NS      | $1792033.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC              | FREEPORT-MCMORAN INC 0.00000000                                        | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    144673 | NS      | $5674075.06    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOROX COMPANY                    | CLOROX COMPANY 0.00000000                                              | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      6060 | NS      | $747198.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES               | ABBOTT LABORATORIES 0.00000000                                         | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    419980 | NS      | $56252121.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP INC                   | EMCOR GROUP INC 0.00000000                                             | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      7692 | NS      | $4996261.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC /CAD/                | ENBRIDGE INC /CAD/ 0.00000000                                          | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    124411 | NS      | $6276421.87    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR INFRASTRUCTURE LP            | XPLR INFRASTRUCTURE LP 0.00000000                                      | CUSIP: 65341B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26989 | NS      | $274478.13     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT /CAD/    | ELEMENT FLEET MANAGEMENT COR /CAD/ 0.00000000                          | CUSIP: 286181201<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |     22920 | NS      | $593545.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HERSHEY CO/THE                    | HERSHEY CO/THE 0.00000000                                              | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     15391 | NS      | $2878886.55    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WP CAREY INC                      | WP CAREY INC 0.00000000                                                | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | RE               | CORP              | US        |     21875 | NS      | $1478093.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL               | SYNCHRONY FINANCIAL 0.00000000                                         | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     70282 | NS      | $4993536.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COINBASE GLOBAL INC -CLASS A      | COINBASE GLOBAL INC -CLASS A 0.00000000                                | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     85617 | NS      | $28894881.33   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP INC                           | BXP INC 0.00000000                                                     | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | RE               | CORP              | US        |     19047 | NS      | $1415953.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| METRO INC/CN /CAD/                | METRO INC/CN /CAD/ 0.00000000                                          | CUSIP: 59162N109<br>LEI: 549300KQ7DCG4IXSNW78 | Long             | EC               | CORP              | CA        |     11821 | NS      | $793927.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                  | CROWN CASTLE INC 0.00000000                                            | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | RE               | CORP              | US        |     51398 | NS      | $4959393.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ALAMO GROUP INC                   | ALAMO GROUP INC 0.00000000                                             | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |     17694 | NS      | $3377784.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISIGN INC                      | VERISIGN INC 0.00000000                                                | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |     24869 | NS      | $6952626.33    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBNB INC-CLASS A                | AIRBNB INC-CLASS A 0.00000000                                          | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |    237578 | NS      | $28846720.76   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP SEMICONDUCTORS NV             | NXP SEMICONDUCTORS NV 0.00000000                                       | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |    119820 | NS      | $27286608.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTA BEAUTY INC                   | ULTA BEAUTY INC 0.00000000                                             | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      9581 | NS      | $5238411.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD            | ARCH CAPITAL GROUP LTD 0.00000000                                      | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     83863 | NS      | $7608889.99    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                   | CATERPILLAR INC 0.00000000                                             | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |    196894 | NS      | $93947972.10   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C XAY CONS DISCRET  DEC25       | FUTURE CONTRACT ON           XAY CONS DISCRET  DEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         8 | NC      | $1954720.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COS INC                  | WILLIAMS COS INC 0.00000000                                            | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    673820 | NS      | $42686497.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| KINROSS GOLD CORP /CAD/           | KINROSS GOLD CORP /CAD/ 0.00000000                                     | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     70003 | NS      | $1737374.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NOVA SCOTIA HALIFAX /CAD/ | BANK OF NOVA SCOTIA HALIFAX /CAD/ 0.00000000                           | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |     71075 | NS      | $4595846.27    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CARRIER GLOBAL CORP               | CARRIER GLOBAL CORP 0.00000000                                         | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |    121775 | NS      | $7269967.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN STATES WATER CO          | AMERICAN STATES WATER CO 0.00000000                                    | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     11542 | NS      | $846259.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALAMOS GOLD INC-CLASS A /CAD/     | ALAMOS GOLD INC-CLASS A /CAD/ 0.00000000                               | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |     23998 | NS      | $836489.89     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS INC        | CF INDUSTRIES HOLDINGS INC 0.00000000                                  | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     18606 | NS      | $1668958.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL FINANCIAL HOLDINGS INC        | LPL FINANCIAL HOLDINGS INC 0.00000000                                  | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      9708 | NS      | $3229754.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS CO              | NATIONAL FUEL GAS CO 0.00000000                                        | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     26048 | NS      | $2406053.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                     | CITIGROUP INC 0.00000000                                               | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    396517 | NS      | $40246475.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LYONDELLBASELL INDU-CL A          | LYONDELLBASELL INDU-CL A 0.00000000                                    | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     33426 | NS      | $1639211.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE IN      | INTERCONTINENTAL EXCHANGE IN 0.00000000                                | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     73988 | NS      | $12465498.24   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOFTWRE      | TAKE-TWO INTERACTIVE SOFTWRE 0.00000000                                | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     47029 | NS      | $12150412.44   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FACTSET RESEARCH SYSTEMS INC      | FACTSET RESEARCH SYSTEMS INC 0.00000000                                | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      4570 | NS      | $1309259.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR INC                           | NVR INC 0.00000000                                                     | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |      7619 | NS      | $61216074.54   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                      | QUALCOMM INC 0.00000000                                                | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    515911 | NS      | $85826953.96   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP-CLASS A              | COMCAST CORP-CLASS A 0.00000000                                        | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    933551 | NS      | $29332172.42   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC             | TEXAS INSTRUMENTS INC 0.00000000                                       | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    431934 | NS      | $79359233.82   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SHERWIN-WILLIAMS CO/THE           | SHERWIN-WILLIAMS CO/THE 0.00000000                                     | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     26891 | NS      | $9311277.66    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETROLEUM CORP           | MARATHON PETROLEUM CORP 0.00000000                                     | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    171648 | NS      | $33083435.52   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| KROGER CO                         | KROGER CO 0.00000000                                                   | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     82706 | NS      | $5575211.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL INC            | INTUITIVE SURGICAL INC 0.00000000                                      | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    143673 | NS      | $64254875.79   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLINOIS TOOL WORKS               | ILLINOIS TOOL WORKS 0.00000000                                         | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     40588 | NS      | $10583726.88   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM INC                        | DEXCOM INC 0.00000000                                                  | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     64107 | NS      | $4313760.03    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP-ON INC                       | SNAP-ON INC 0.00000000                                                 | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      7508 | NS      | $2601747.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MASCO CORP                        | MASCO CORP 0.00000000                                                  | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     22547 | NS      | $1587083.33    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY INC            | CENTERPOINT ENERGY INC 0.00000000                                      | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    271643 | NS      | $10539748.40   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADRIDGE FINANCIAL SOLUTIO      | BROADRIDGE FINANCIAL SOLUTIO 0.00000000                                | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     21492 | NS      | $5118749.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ATKINSREALIS GROUP INC /CAD/      | ATKINSREALIS GROUP INC /CAD/ 0.00000000                                | CUSIP: 04764T104<br>LEI: UL01OYG5OMLM5G6CFM03 | Long             | EC               | CORP              | CA        |      9469 | NS      | $683384.61     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOETIS INC                        | ZOETIS INC 0.00000000                                                  | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |    185183 | NS      | $27095976.56   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GREAT-WEST LIFECO INC /CAD/       | GREAT-WEST LIFECO INC /CAD/ 0.00000000                                 | CUSIP: 39138C106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     15887 | NS      | $644749.41     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL       | FIDELITY NATIONAL FINANCIAL 0.00000000                                 | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     58451 | NS      | $3535700.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THOMSON REUTERS CORP /CAD/        | THOMSON REUTERS CORP /CAD/ 0.00000000                                  | CUSIP: 884903808<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      8997 | NS      | $1397033.63    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APARTMENT COMM        | MID-AMERICA APARTMENT COMM 0.00000000                                  | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | RE               | CORP              | US        |     11763 | NS      | $1643643.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IVANHOE MINES LTD-CL A /CAD/      | IVANHOE MINES LTD-CL A /CAD/ 0.00000000                                | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |     42484 | NS      | $450574.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORP             | MONSTER BEVERAGE CORP 0.00000000                                       | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |    239846 | NS      | $16144034.26   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDBACK ENERGY INC            | DIAMONDBACK ENERGY INC 0.00000000                                      | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |    112925 | NS      | $16159567.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC-CL B       | BERKSHIRE HATHAWAY INC-CL B 0.00000000                                 | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    164692 | NS      | $82797256.08   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNOX INTERNATIONAL INC          | LENNOX INTERNATIONAL INC 0.00000000                                    | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      4145 | NS      | $2194197.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN INC                 | KINDER MORGAN INC 0.00000000                                           | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |   1105410 | NS      | $31294157.10   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GENIE ENERGY LTD-B                | GENIE ENERGY LTD-B 0.00000000                                          | CUSIP: 372284208<br>LEI: 52990057E36X8869GX58 | Long             | EC               | CORP              | US        |      3790 | NS      | $56660.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC        | VERIZON COMMUNICATIONS INC 0.00000000                                  | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   1086079 | NS      | $47733172.05   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BURLINGTON STORES INC             | BURLINGTON STORES INC 0.00000000                                       | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     13610 | NS      | $3463745.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TE CONNECTIVITY PLC               | TE CONNECTIVITY PLC 0.00000000                                         | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |    129109 | NS      | $28343298.77   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNA             | PHILIP MORRIS INTERNA 0.00000000                                       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    689936 | NS      | $111907619.20  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PORTLAND GENERAL ELECTRIC CO      | PORTLAND GENERAL ELECTRIC CO 0.00000000                                | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     32955 | NS      | $1450020.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AGILENT TECHNOLOGIES INC          | AGILENT TECHNOLOGIES INC 0.00000000                                    | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     92451 | NS      | $11866085.85   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE INC                    | SALESFORCE INC 0.00000000                                              | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    416996 | NS      | $98828052.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| YORK WATER CO                     | YORK WATER CO 0.00000000                                               | CUSIP: 987184108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4250 | NS      | $129285.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYALTY PHARMA PLC- CL A          | ROYALTY PHARMA PLC- CL A 0.00000000                                    | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |     28841 | NS      | $1017510.48    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STANTEC INC /CAD/                 | STANTEC INC /CAD/ 0.00000000                                           | CUSIP: 85472N109<br>LEI: 549300MZ7NGUZDCP2T16 | Long             | EC               | CORP              | CA        |      6509 | NS      | $701972.99     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITECAP RESOURCES INC /CAD/      | WHITECAP RESOURCES INC /CAD/ 0.00000000                                | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |     70260 | NS      | $536150.89     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WEST PHARMACEUTICAL SERVICES      | WEST PHARMACEUTICAL SERVICES 0.00000000                                | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |     21886 | NS      | $5741354.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PINTEREST INC- CLASS A            | PINTEREST INC- CLASS A 0.00000000                                      | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    274270 | NS      | $8823265.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OTTER TAIL CORP                   | OTTER TAIL CORP 0.00000000                                             | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11536 | NS      | $945605.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BUNGE GLOBAL SA                   | BUNGE GLOBAL SA 0.00000000                                             | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     19687 | NS      | $1599568.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI INTERNATIONAL INC /CAD/       | TFI INTERNATIONAL INC /CAD/ 0.00000000                                 | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |      4501 | NS      | $396121.64     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSUNION                        | TRANSUNION 0.00000000                                                  | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     31343 | NS      | $2625916.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTSERVICE CORP /CAD/           | FIRSTSERVICE CORP /CAD/ 0.00000000                                     | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |      2334 | NS      | $444696.01     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                     | MCKESSON CORP 0.00000000                                               | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     14932 | NS      | $11535567.28   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EDWARDS LIFESCIENCES CORP         | EDWARDS LIFESCIENCES CORP 0.00000000                                   | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     90870 | NS      | $7066959.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORP              | LOCKHEED MARTIN CORP 0.00000000                                        | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     52838 | NS      | $26377257.98   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP INC                 | EXPEDIA GROUP INC 0.00000000                                           | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54713 | NS      | $11694903.75   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT- A          | AMERICAN HOMES 4 RENT- A 0.00000000                                    | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | RE               | CORP              | US        |     32615 | NS      | $1084448.75    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OKTA INC                          | OKTA INC 0.00000000                                                    | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     56609 | NS      | $5191045.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORP                | REALTY INCOME CORP 0.00000000                                          | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | RE               | CORP              | US        |    113198 | NS      | $6881306.42    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTAR GROUP INC                  | COSTAR GROUP INC 0.00000000                                            | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     43879 | NS      | $3702071.23    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES CO                   | BAKER HUGHES CO 0.00000000                                             | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    573208 | NS      | $27926693.76   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGY INC                      | STRATEGY INC 0.00000000                                                | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |    113647 | NS      | $36618199.87   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMING AND LEISURE PROPERTIE      | GAMING AND LEISURE PROPERTIE 0.00000000                                | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | RE               | CORP              | US        |     26869 | NS      | $1252364.09    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEDYNE TECHNOLOGIES INC         | TELEDYNE TECHNOLOGIES INC 0.00000000                                   | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |     18704 | NS      | $10961292.16   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TOAST INC-CLASS A                 | TOAST INC-CLASS A 0.00000000                                           | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     55650 | NS      | $2031781.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                         | BLOCK INC 0.00000000                                                   | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     64776 | NS      | $4681361.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RB GLOBAL INC /CAD/               | RB GLOBAL INC /CAD/ 0.00000000                                         | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |     10567 | NS      | $1144549.53    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMMUNICATIONS INC - A    | CHARTER COMMUNICATIONS INC - CLASS A 0.00000000                        | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     21819 | NS      | $6002516.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK HILLS CORP                  | BLACK HILLS CORP 0.00000000                                            | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     22341 | NS      | $1375982.19    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WSP GLOBAL INC /CAD/              | WSP GLOBAL INC /CAD/ 0.00000000                                        | CUSIP: 92938W202<br>LEI: 549300IQ87LU6X6ERQ78 | Long             | EC               | CORP              | CA        |      7448 | NS      | $1463697.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COTERRA ENERGY INC                | COTERRA ENERGY INC 0.00000000                                          | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    413509 | NS      | $9779487.85    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CARNIVAL CORP                     | CARNIVAL CORP 0.00000000                                               | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |    512126 | NS      | $14805562.66   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE PLC-CL A                | ACCENTURE PLC-CL A 0.00000000                                          | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |    207662 | NS      | $51209449.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SPRUCE POWER HOLDING CORP         | SPRUCE POWER HOLDING CORP 0.00000000                                   | CUSIP: 9837FR209<br>LEI: 549300W71XJ8DIF9RQ35 | Long             | EC               | CORP              | US        |      1896 | NS      | $4645.20       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO CORP                         | AGCO CORP 0.00000000                                                   | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |    109269 | NS      | $11699431.83   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE INC             | MOLINA HEALTHCARE INC 0.00000000                                       | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |      5669 | NS      | $1084819.84    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES INC         | L3HARRIS TECHNOLOGIES INC 0.00000000                                   | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     46620 | NS      | $14238214.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY INC                      | TAPESTRY INC 0.00000000                                                | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     49172 | NS      | $5567253.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TELUS CORP /CAD/                  | TELUS CORP /CAD/ 0.00000000                                            | CUSIP: 87971M103<br>LEI: 894500WE70KKZRQMBU11 | Long             | EC               | CORP              | CA        |     28716 | NS      | $452291.96     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS INC           | CBOE GLOBAL MARKETS INC 0.00000000                                     | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |     14025 | NS      | $3439631.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INC        | VERTEX PHARMACEUTICALS INC 0.00000000                                  | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     99142 | NS      | $38827972.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                  | EXXON MOBIL CORP 0.00000000                                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   2441550 | NS      | $275284762.50  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                      | DANAHER CORP 0.00000000                                                | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |   1583546 | NS      | $313953829.96  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS-SONOMA INC               | WILLIAMS-SONOMA INC 0.00000000                                         | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     27158 | NS      | $5308031.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C XAV  HEALTH CARE  DEC25       | FUTURE CONTRACT ON           XAV  HEALTH CARE  DEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        12 | NC      | $1699920.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP                     | ALLSTATE CORP 0.00000000                                               | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     64098 | NS      | $13758635.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTAGAS LTD /CAD/                 | ALTAGAS LTD /CAD/ 0.00000000                                           | CUSIP: 021361100<br>LEI: 2549008X5V70MOS4HM10 | Long             | EC               | CORP              | CA        |     17072 | NS      | $526009.46     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE INC                   | DOLLAR TREE INC 0.00000000                                             | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     22876 | NS      | $2158808.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY MEDIA CORP-FORMULA-C      | LIBERTY MEDIA CORP-FORMULA-C 0.00000000                                | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59083 | NS      | $6171219.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS INC            | PALO ALTO NETWORKS INC 0.00000000                                      | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    292384 | NS      | $59535230.08   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NATERA INC                        | NATERA INC 0.00000000                                                  | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49246 | NS      | $7927128.62    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PLC                     | MEDTRONIC PLC 0.00000000                                               | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    217688 | NS      | $20732605.12   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBBELL INC                       | HUBBELL INC 0.00000000                                                 | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      7158 | NS      | $3080158.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCOM SOFTWARE INC               | PAYCOM SOFTWARE INC 0.00000000                                         | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      6950 | NS      | $1446573.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALDS CORP                    | MCDONALDS CORP 0.00000000                                              | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |    162877 | NS      | $49496691.53   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PEMBINA PIPELINE CORP /CAD/       | PEMBINA PIPELINE CORP /CAD/ 0.00000000                                 | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |     33148 | NS      | $1340258.65    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                 | IRON MOUNTAIN INC 0.00000000                                           | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | RE               | CORP              | US        |     32404 | NS      | $3303263.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MARTIN MARIETTA MATERIALS         | MARTIN MARIETTA MATERIALS 0.00000000                                   | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      7819 | NS      | $4928159.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP             | NORTHROP GRUMMAN CORP 0.00000000                                       | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     34191 | NS      | $20833260.12   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                           | CRH PLC 0.00000000                                                     | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     85430 | NS      | $10243057.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIS TOWERS WATSON PLC          | WILLIS TOWERS WATSON PLC 0.00000000                                    | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     20322 | NS      | $7020234.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP             | TRUIST FINANCIAL CORP 0.00000000                                       | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    231800 | NS      | $10597896.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DUPONT DE NEMOURS INC             | DUPONT DE NEMOURS INC 0.00000000                                       | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     51154 | NS      | $3984896.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COPART INC                        | COPART INC 0.00000000                                                  | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |    126538 | NS      | $5690413.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CCL INDUSTRIES INC - CL  /CAD/    | CCL INDUSTRIES INC - CL B /CAD/ 0.00000000                             | CUSIP: 124900309<br>LEI: 549300TD3EMSRRC0YH75 | Long             | EC               | CORP              | CA        |      8383 | NS      | $472488.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                      | CHEVRON CORP 0.00000000                                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1106054 | NS      | $171759125.66  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON INGALLS INDUSTRIE      | HUNTINGTON INGALLS INDUSTRIE 0.00000000                                | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      3685 | NS      | $1060948.35    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                          | KLA CORP 0.00000000                                                    | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     63007 | NS      | $67959350.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                  | MERCADOLIBRE INC 0.00000000                                            | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     21492 | NS      | $50225514.48   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                     | BOEING CO/THE 0.00000000                                               | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    188540 | NS      | $40692588.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD RENEWABLE COR /CAD/    | BROOKFIELD RENEWABLE CORP /CAD/ 0.00000000                             | CUSIP: 11285B108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      7854 | NS      | $270378.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOZ ALLEN HAMILTON HOLDINGS      | BOOZ ALLEN HAMILTON HOLDINGS 0.00000000                                | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |     18518 | NS      | $1850874.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC              | WEC ENERGY GROUP INC 0.00000000                                        | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    133504 | NS      | $15298223.36   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIRFAX FINANCIAL HLDGS  /CAD/    | FAIRFAX FINANCIAL HLDGS LTD /CAD/ 0.00000000                           | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      1129 | NS      | $1975202.41    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKSTONE INC                    | BLACKSTONE INC 0.00000000                                              | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |    145938 | NS      | $24933507.30   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX CORP                          | RTX CORP 0.00000000                                                    | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    344494 | NS      | $57644181.02   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERVICE ENTERPRISE GP      | PUBLIC SERVICE ENTERPRISE GP 0.00000000                                | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |    209754 | NS      | $17506068.84   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PACKAGING CORP OF AMERICA         | PACKAGING CORP OF AMERICA 0.00000000                                   | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     11912 | NS      | $2595982.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC - CLASS A /CAD/       | SHOPIFY INC - CLASS A /CAD/ 0.00000000                                 | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     69623 | NS      | $10343645.53   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC          | BUILDERS FIRSTSOURCE INC 0.00000000                                    | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     17001 | NS      | $2061371.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX LABORATORIES INC            | IDEXX LABORATORIES INC 0.00000000                                      | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |     12896 | NS      | $8239125.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PAN AMERICAN SILVER CORP /CAD/    | PAN AMERICAN SILVER CORP /CAD/ 0.00000000                              | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     24074 | NS      | $932895.61     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORP                 | ATMOS ENERGY CORP 0.00000000                                           | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     61104 | NS      | $10433508.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW CORP/DE                       | CDW CORP/DE 0.00000000                                                 | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     58316 | NS      | $9288572.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| COOPER COS INC/THE                | COOPER COS INC/THE 0.00000000                                          | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     17164 | NS      | $1176763.84    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE-CL B        | UNITED PARCEL SERVICE-CL B 0.00000000                                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    125640 | NS      | $10494709.20   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC              | KEURIG DR PEPPER INC 0.00000000                                        | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    439998 | NS      | $11224348.98   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL ELECTRIC                  | GENERAL ELECTRIC 0.00000000                                            | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    272429 | NS      | $81952091.78   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DESCARTES SYSTEMS GRP/TH /CAD/    | DESCARTES SYSTEMS GRP/THE /CAD/ 0.00000000                             | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |      4895 | NS      | $460904.51     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C S&P MID 400 EMINI DEC25       | FUTURE CONTRACT ON           S&P MID 400 EMINI DEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         1 | NC      | $328620.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LUNDIN MINING CORP /CAD/          | LUNDIN MINING CORP /CAD/ 0.00000000                                    | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |     39068 | NS      | $582777.67     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC                            | HP INC 0.00000000                                                      | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |    406363 | NS      | $11065264.49   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                       | NETFLIX INC 0.00000000                                                 | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    192855 | NS      | $231217716.60  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BECTON DICKINSON AND CO           | BECTON DICKINSON AND CO 0.00000000                                     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     47044 | NS      | $8805225.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS INC/THE             | TRAVELERS COS INC/THE 0.00000000                                       | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     55966 | NS      | $15626826.52   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC - A      | CROWDSTRIKE HOLDINGS INC - A 0.00000000                                | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |    109673 | NS      | $53781445.74   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS INC       | ALNYLAM PHARMACEUTICALS INC 0.00000000                                 | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     50467 | NS      | $23012952.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INTL BUSINESS MACHINES CORP       | INTL BUSINESS MACHINES CORP 0.00000000                                 | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |    311485 | NS      | $87888607.60   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                    | MORGAN STANLEY 0.00000000                                              | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    162164 | NS      | $25777589.44   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WARNER BROS DISCOVERY INC         | WARNER BROS DISCOVERY INC 0.00000000                                   | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    644851 | NS      | $12593940.03   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GARMIN LTD                        | GARMIN LTD 0.00000000                                                  | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |     34630 | NS      | $8526598.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CORNING INC                       | CORNING INC 0.00000000                                                 | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    353108 | NS      | $28965449.24   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES INC                 | EOG RESOURCES INC 0.00000000                                           | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    308271 | NS      | $34563344.52   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARWAY ENERGY INC-C             | CLEARWAY ENERGY INC-C 0.00000000                                       | CUSIP: 18539C204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25208 | NS      | $712126.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW JERSEY RESOURCES CORP         | NEW JERSEY RESOURCES CORP 0.00000000                                   | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |     30590 | NS      | $1472908.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL OIL LTD /CAD/            | IMPERIAL OIL LTD /CAD/ 0.00000000                                      | CUSIP: 453038408<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     10166 | NS      | $921784.54     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC               | GLOBAL PAYMENTS INC 0.00000000                                         | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     27839 | NS      | $2312864.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORP                        | FEDEX CORP 0.00000000                                                  | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     40973 | NS      | $9661843.13    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL              | EDISON INTERNATIONAL 0.00000000                                        | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    160196 | NS      | $8855634.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO-A              | VERTIV HOLDINGS CO-A 0.00000000                                        | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     58565 | NS      | $8835115.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU RESOURCES GROUP INC           | MDU RESOURCES GROUP INC 0.00000000                                     | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58826 | NS      | $1047691.06    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IA FINANCIAL CORP INC /CAD/       | IA FINANCIAL CORP INC /CAD/ 0.00000000                                 | CUSIP: 45075E104<br>LEI: 549300ZXLJVHQAIXV215 | Long             | EC               | CORP              | CA        |      5295 | NS      | $602017.57     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC              | HOWMET AEROSPACE INC 0.00000000                                        | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     99215 | NS      | $19468959.45   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORP                 | DEVON ENERGY CORP 0.00000000                                           | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    347758 | NS      | $12192395.48   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC             | MICRON TECHNOLOGY INC 0.00000000                                       | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |    539164 | NS      | $90212920.48   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI INC                          | MSCI INC 0.00000000                                                    | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      8831 | NS      | $5010797.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION_           | CVS HEALTH CORPORATION_ 0.00000000                                     | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |   4479025 | NS      | $337673694.75  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET LAB CORP                   | ROCKET LAB CORP 0.00000000                                             | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67472 | NS      | $3232583.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC INC                           | PTC INC 0.00000000                                                     | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     50397 | NS      | $10231598.94   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL INC        | CHIPOTLE MEXICAN GRILL INC 0.00000000                                  | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    297906 | NS      | $11674936.14   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES       | EQUITY LIFESTYLE PROPERTIES 0.00000000                                 | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | RE               | CORP              | US        |      4236 | NS      | $257125.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS INC            | MOTOROLA SOLUTIONS INC 0.00000000                                      | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     71231 | NS      | $32573223.99   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGA RESOURCES CORP              | TARGA RESOURCES CORP 0.00000000                                        | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    116468 | NS      | $19513048.72   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE INC               | AXON ENTERPRISE INC 0.00000000                                         | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     19005 | NS      | $13638748.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES-B       | UNIVERSAL HEALTH SERVICES-B 0.00000000                                 | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      5352 | NS      | $1094162.88    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS INC             | APPLIED MATERIALS INC 0.00000000                                       | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    384929 | NS      | $78810363.46   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOLAB INC                        | ECOLAB INC 0.00000000                                                  | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     27282 | NS      | $7471448.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORP                   | FAIR ISAAC CORP 0.00000000                                             | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |     10413 | NS      | $15583366.89   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS CORNING                     | OWENS CORNING 0.00000000                                               | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     12255 | NS      | $1733592.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                       | NVIDIA CORP 0.00000000                                                 | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |  12040923 | NS      | $2246595413.34 | 8.76%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C XAK TECHNOLOGY    DEC25       | FUTURE CONTRACT ON           XAK TECHNOLOGY    DEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        29 | NC      | $8314590.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTIVE CORP                      | FORTIVE CORP 0.00000000                                                | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     47264 | NS      | $2315463.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR INC                           | UDR INC 0.00000000                                                     | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | RE               | CORP              | US        |     15335 | NS      | $571382.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NORFOLK SOUTHERN CORP             | NORFOLK SOUTHERN CORP 0.00000000                                       | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     41331 | NS      | $12416245.71   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTON (GEORGE) LTD /CAD/         | WESTON (GEORGE) LTD /CAD/ 0.00000000                                   | CUSIP: 961148509<br>LEI: 549300FAHC3L1QKNT280 | Long             | EC               | CORP              | CA        |      9911 | NS      | $604544.65     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYSTEMS INC-CLASS A         | VEEVA SYSTEMS INC-CLASS A 0.00000000                                   | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     16865 | NS      | $5024252.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORP                      | CENTENE CORP 0.00000000                                                | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     61925 | NS      | $2209484.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC - A                | MASTERCARD INC - A 0.00000000                                          | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    161486 | NS      | $91854851.66   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES INC               | DELTA AIR LINES INC 0.00000000                                         | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     24817 | NS      | $1408364.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & CO                  | WELLS FARGO & CO 0.00000000                                            | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   3720953 | NS      | $311890280.46  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORP                        | SYSCO CORP 0.00000000                                                  | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     54280 | NS      | $4469415.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORP                 | LAM RESEARCH CORP 0.00000000                                           | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    615691 | NS      | $82441024.90   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY TRUST INC          | ESSEX PROPERTY TRUST INC 0.00000000                                    | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | RE               | CORP              | US        |      5648 | NS      | $1511743.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORP                          | PPL CORP 0.00000000                                                    | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    314981 | NS      | $11704693.96   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCHEX INC                       | PAYCHEX INC 0.00000000                                                 | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     50892 | NS      | $6451069.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BARRICK MINING CORP /CAD/         | BARRICK MINING CORP /CAD/ 0.00000000                                   | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     97347 | NS      | $3197335.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH INC               | CARDINAL HEALTH INC 0.00000000                                         | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     28727 | NS      | $4508989.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VIATRIS INC                       | VIATRIS INC 0.00000000                                                 | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    364151 | NS      | $3605094.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                        | STERIS PLC 0.00000000                                                  | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     14219 | NS      | $3518349.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RESTAURANT BRANDS INTERN /CAD/    | RESTAURANT BRANDS INTERN /CAD/ 0.00000000                              | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |     17761 | NS      | $1139399.35    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC-A       | PALANTIR TECHNOLOGIES INC-A 0.00000000                                 | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    991665 | NS      | $180899529.30  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP              | BANK OF AMERICA CORP 0.00000000                                        | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   3012535 | NS      | $155416680.65  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON CONTROLS INTERNATION      | JOHNSON CONTROLS INTERNATION 0.00000000                                | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |    108275 | NS      | $11904836.25   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C XAU UTILITIES     DEC25       | FUTURE CONTRACT ON           XAU UTILITIES     DEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        15 | NC      | $1330050.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIMENTATION COUCHE-TARD /CAD/    | ALIMENTATION COUCHE-TARD INC /CAD/ 0.00000000                          | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     43279 | NS      | $2309021.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| METTLER-TOLEDO INTERNATIONAL      | METTLER-TOLEDO INTERNATIONAL 0.00000000                                | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      6168 | NS      | $7571898.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GRACO INC                         | GRACO INC 0.00000000                                                   | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     15861 | NS      | $1347550.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY INC-CLASS A               | WORKDAY INC-CLASS A 0.00000000                                         | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |    103833 | NS      | $24995718.09   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK INC                        | AMETEK INC 0.00000000                                                  | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     33187 | NS      | $6239156.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HOLDINGS INC               | LEIDOS HOLDINGS INC 0.00000000                                         | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     20124 | NS      | $3802631.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                | DTE ENERGY COMPANY 0.00000000                                          | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     86639 | NS      | $12253353.77   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND CO         | ARCHER-DANIELS-MIDLAND CO 0.00000000                                   | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     68636 | NS      | $4100314.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JACOBS SOLUTIONS INC              | JACOBS SOLUTIONS INC 0.00000000                                        | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25218 | NS      | $3779169.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TMX GROUP LTD /CAD/               | TMX GROUP LTD /CAD/ 0.00000000                                         | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |     15868 | NS      | $607036.23     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HALLADOR ENERGY CO                | HALLADOR ENERGY CO 0.00000000                                          | CUSIP: 40609P105<br>LEI: 254900GKEQRHOI2SSC19 | Long             | EC               | CORP              | US        |      8691 | NS      | $170082.87     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DOCUSIGN INC                      | DOCUSIGN INC 0.00000000                                                | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     88010 | NS      | $6344640.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC                    | GE VERNOVA INC 0.00000000                                              | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     43711 | NS      | $26877893.90   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WW GRAINGER INC                   | WW GRAINGER INC 0.00000000                                             | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      7009 | NS      | $6679296.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORP              | DECKERS OUTDOOR CORP 0.00000000                                        | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     30926 | NS      | $3134968.62    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNA INTERNATIONAL INC /CAD/     | MAGNA INTERNATIONAL INC /CAD/ 0.00000000                               | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |     15273 | NS      | $723648.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF MONTREAL /CAD/            | BANK OF MONTREAL /CAD/ 0.00000000                                      | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | CORP              | CA        |     40991 | NS      | $5341465.73    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST SOLAR INC                   | FIRST SOLAR INC 0.00000000                                             | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     47904 | NS      | $10564269.12   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ZILLOW GROUP INC - C              | ZILLOW GROUP INC - C 0.00000000                                        | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |     21797 | NS      | $1679458.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                        | HUMANA INC 0.00000000                                                  | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     13706 | NS      | $3565890.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C XAP CONS STAPLES  DEC25       | FUTURE CONTRACT ON           XAP CONS STAPLES  DEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         9 | NC      | $717480.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPSICO INC                       | PEPSICO INC 0.00000000                                                 | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    472013 | NS      | $66289505.72   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNAR CORP-A                     | LENNAR CORP-A 0.00000000                                               | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |    611093 | NS      | $77022161.72   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C S&P/TSX 60 IX FUT DEC25       | FUTURE CONTRACT ON           S&P/TSX 60 IX FUT DEC25 /CAD/ 0.00000000  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |         1 | NC      | $254767.55     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC               | GILEAD SCIENCES INC 0.00000000                                         | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    482260 | NS      | $53530860.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP INC                        | NETAPP INC 0.00000000                                                  | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     82431 | NS      | $9764776.26    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER INC                       | ZSCALER INC 0.00000000                                                 | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     44968 | NS      | $13475110.88   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN UTILITIES LTD-A /CAD/    | CANADIAN UTILITIES LTD-A /CAD/ 0.00000000                              | CUSIP: 136717832<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      7612 | NS      | $212930.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMECO CORP /CAD/                 | CAMECO CORP /CAD/ 0.00000000                                           | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     24840 | NS      | $2084725.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC            | UNITEDHEALTH GROUP INC 0.00000000                                      | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    725461 | NS      | $250501683.30  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORP                       | EXELON CORP 0.00000000                                                 | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    430872 | NS      | $19393548.72   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| APTIV PLC                         | APTIV PLC 0.00000000                                                   | CUSIP: G3265R107<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     51841 | NS      | $4469731.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP INC          | SIMON PROPERTY GROUP INC 0.00000000                                    | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | RE               | CORP              | US        |     36071 | NS      | $6769444.57    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM INTERNATIONAL INC             | RPM INTERNATIONAL INC 0.00000000                                       | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |      7351 | NS      | $866535.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURANTS INC            | DARDEN RESTAURANTS INC 0.00000000                                      | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     26011 | NS      | $4951453.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KRAFT HEINZ CO/THE                | KRAFT HEINZ CO/THE 0.00000000                                          | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    123299 | NS      | $3210705.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTRIA GROUP INC                  | ALTRIA GROUP INC 0.00000000                                            | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    184382 | NS      | $12180274.92   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| U-HAUL HOLDING CO-NON VOTING      | U-HAUL HOLDING CO-NON VOTING 0.00000000                                | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |     20790 | NS      | $1058211.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORP                | EXPAND ENERGY CORP 0.00000000                                          | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    128097 | NS      | $13609025.28   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT INC      | APOLLO GLOBAL MANAGEMENT INC 0.00000000                                | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |    857935 | NS      | $114336997.45  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH INDUSTRIAL NV                 | CNH INDUSTRIAL NV 0.00000000                                           | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |   1670300 | NS      | $18122755.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORP           | SBA COMMUNICATIONS CORP 0.00000000                                     | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | RE               | CORP              | US        |     11407 | NS      | $2205543.45    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP               | AMERICAN TOWER CORP 0.00000000                                         | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | RE               | CORP              | US        |    884917 | NS      | $170187237.44  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDDLESEX WATER CO                | MIDDLESEX WATER CO 0.00000000                                          | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5357 | NS      | $289920.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROSS STORES INC                   | ROSS STORES INC 0.00000000                                             | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     70738 | NS      | $10779763.82   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITIL CORP                       | UNITIL CORP 0.00000000                                                 | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5267 | NS      | $252078.62     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CORTEVA INC                       | CORTEVA INC 0.00000000                                                 | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     82224 | NS      | $5560809.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                      | BROADCOM INC 0.00000000                                                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |   2154668 | NS      | $710846519.88  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| JACK HENRY & ASSOCIATES INC       | JACK HENRY & ASSOCIATES INC 0.00000000                                 | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      6063 | NS      | $902962.59     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP               | FIFTH THIRD BANCORP 0.00000000                                         | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    359833 | NS      | $16030560.15   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA INC                       | CENCORA INC 0.00000000                                                 | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     24254 | NS      | $7580102.62    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA /CAD/        | ROYAL BANK OF CANADA /CAD/ 0.00000000                                  | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     80436 | NS      | $11855308.13   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| INSULET CORP                      | INSULET CORP 0.00000000                                                | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     10985 | NS      | $3391399.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                       | VISTRA CORP 0.00000000                                                 | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    836976 | NS      | $163980337.92  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C E-MINI RUSS 1000 VDEC25       | FUTURE CONTRACT ON           E-MINI RUSS 1000 VDEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         1 | NC      | $100860.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                 | JOHNSON & JOHNSON 0.00000000                                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |   1035989 | NS      | $192093080.38  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| INVITATION HOMES INC              | INVITATION HOMES INC 0.00000000                                        | CUSIP: 46187W107<br>LEI: N/A                  | Long             | RE               | CORP              | US        |     68543 | NS      | $2010366.19    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HAWAIIAN ELECTRIC INDS            | HAWAIIAN ELECTRIC INDS 0.00000000                                      | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |     52292 | NS      | $577303.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS CORP              | REGENCY CENTERS CORP 0.00000000                                        | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | RE               | CORP              | US        |     13414 | NS      | $977880.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNT (JB) TRANSPRT SVCS INC       | HUNT (JB) TRANSPRT SVCS INC 0.00000000                                 | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |     18072 | NS      | $2424720.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INC                     | BLACKROCK INC 0.00000000                                               | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      1890 | NS      | $2203494.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC               | ARISTA NETWORKS INC 0.00000000                                         | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    453668 | NS      | $66103964.28   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| F/C SP500 MIC EMIN FUTDEC25       | FUTURE CONTRACT ON           SP500 MIC EMIN FUTDEC25 0.00000000        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        31 | NC      | $1044506.25    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FINANCIAL GROUP INC      | AMERICAN FINANCIAL GROUP INC 0.00000000                                | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     16110 | NS      | $2347549.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PINNACLE WEST CAPITAL             | PINNACLE WEST CAPITAL 0.00000000                                       | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     36203 | NS      | $3245960.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TRACTOR SUPPLY COMPANY            | TRACTOR SUPPLY COMPANY 0.00000000                                      | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    115836 | NS      | $6587593.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC                 | CISCO SYSTEMS INC 0.00000000                                           | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |   3784870 | NS      | $258960805.40  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKWELL AUTOMATION INC           | ROCKWELL AUTOMATION INC 0.00000000                                     | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |    330124 | NS      | $115388241.72  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MOODY'S CORP                      | MOODY'S CORP 0.00000000                                                | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     21615 | NS      | $10299115.20   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| REDDIT INC-CL A                   | REDDIT INC-CL A 0.00000000                                             | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |     49996 | NS      | $11498580.04   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO               | AMERICAN EXPRESS CO 0.00000000                                         | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     72339 | NS      | $24028122.24   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINANCIAL INC          | AMERIPRISE FINANCIAL INC 0.00000000                                    | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     12200 | NS      | $5993250.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C TECHNOLOGIES HOLDINGS        | SS&C TECHNOLOGIES HOLDINGS 0.00000000                                  | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     37181 | NS      | $3300185.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECH SOLUTIONS-A        | COGNIZANT TECH SOLUTIONS-A 0.00000000                                  | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |    170398 | NS      | $11428593.86   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                      | PROLOGIS INC 0.00000000                                                | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | RE               | CORP              | US        |    108359 | NS      | $12409272.68   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LAS VEGAS SANDS CORP              | LAS VEGAS SANDS CORP 0.00000000                                        | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     69406 | NS      | $3733348.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES INC             | REPUBLIC SERVICES INC 0.00000000                                       | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     45336 | NS      | $10403705.28   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN TIRE CORP-CLASS /CAD/    | CANADIAN TIRE CORP-CLASS A /CAD/ 0.00000000                            | CUSIP: 136681202<br>LEI: 549300RLHDA7VQYMUB14 | Long             | EC               | CORP              | CA        |      2871 | NS      | $341768.03     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AVALONBAY COMMUNITIES INC         | AVALONBAY COMMUNITIES INC 0.00000000                                   | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | RE               | CORP              | US        |     14159 | NS      | $2735094.03    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC-CL A                 | ALPHABET INC-CL A 0.00000000                                           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   2781022 | NS      | $676066448.20  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| TOROMONT INDUSTRIES LTD /CAD/     | TOROMONT INDUSTRIES LTD /CAD/ 0.00000000                               | CUSIP: 891102105<br>LEI: 5493008W5EPRSLQ0B737 | Long             | EC               | CORP              | CA        |      4631 | NS      | $514178.43     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY INC               | CHENIERE ENERGY INC 0.00000000                                         | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    121959 | NS      | $28657925.82   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORP                      | NEWMONT CORP 0.00000000                                                | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    119825 | NS      | $10102445.75   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED WATER CO-ORD SH      | CONSOLIDATED WATER CO-ORD SH 0.00000000                                | CUSIP: G23773107<br>LEI: 5299001BMEW8X9VIJA73 | Long             | EC               | CORP              | KY        |      4814 | NS      | $169837.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERACTIVE BROKERS GRO-CL A      | INTERACTIVE BROKERS GRO-CL A 0.00000000                                | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     63719 | NS      | $4384504.39    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AKAMAI TECHNOLOGIES INC           | AKAMAI TECHNOLOGIES INC 0.00000000                                     | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |     50733 | NS      | $3843532.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LABCORP HOLDINGS INC              | LABCORP HOLDINGS INC 0.00000000                                        | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8703 | NS      | $2498283.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTEGRIS INC                      | ENTEGRIS INC 0.00000000                                                | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     69528 | NS      | $6428558.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KELLANOVA                         | KELLANOVA 0.00000000                                                   | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |     32946 | NS      | $2702230.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP      | PNC FINANCIAL SERVICES GROUP 0.00000000                                | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |    178824 | NS      | $35931106.32   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY CO/THE                | WALT DISNEY CO/THE 0.00000000                                          | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    465323 | NS      | $53279483.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWEST GAS HOLDINGS INC        | SOUTHWEST GAS HOLDINGS INC 0.00000000                                  | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     17551 | NS      | $1374945.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ERIE INDEMNITY COMPANY-CL A       | ERIE INDEMNITY COMPANY-CL A 0.00000000                                 | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |      4250 | NS      | $1352180.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Six Circles Trust

**Signature:** Tricia Larkin

**Name of Signer:** Tricia Larkin

**Title:** Treasurer/Principal Financial Officer