2026
Quarterly
Report
|
September
30,
2026
Page
1
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Schedules
of
Investments
September
30,
2026
(unaudited)
Sector
Rotation
Fund
Security
Description
Shares,
Contracts
or
Principal
Amount
($)
Fair
Value
($)
Common
Stocks
(United
States)
—
64
.6
%
Communication
Services
—
8.9%
Alphabet
Inc
.......................
6,051
2,061,818
AppLovin
Corp
(1)
.....................
144
41,822
AST
SpaceMobile
Inc
(1)
................
171
10,065
AT&T
Inc
..........................
4,016
97,990
Charter
Communications
Inc
(1)
...........
84
9,316
Comcast
Corp
......................
2,234
48,612
Fox
Corp
..........................
276
15,539
Live
Nation
Entertainment
Inc
(1)
...........
162
27,427
Meta
Platforms
Inc
...................
1,248
905,025
Netflix
Inc
(1)
........................
2,440
169,775
Omnicom
Group
Inc
..................
259
19,070
Reddit
Inc
(1)
........................
93
13,247
ROBLOX
Corp
(1)
.....................
377
15,973
Roku
Inc
(1)
.........................
119
18,121
Space
Exploration
Technologies
Corp
(1)
......
303
45,710
Spotify
Technology
SA
(1)
................
94
45,814
Take-Two
Interactive
Software
Inc
(1)
........
122
25,315
T-Mobile
US
Inc
.....................
321
52,349
Verizon
Communications
Inc
............
2,510
115,134
Walt
Disney
Co/The
..................
1,141
119,691
Warner
Bros
Discovery
Inc
(1)
.............
1,674
51,810
3,909,623
Consumer
Discretionary
—
2.5%
Airbnb
Inc
(1)
........................
76
12,209
Amazon.com
Inc
(1)
...................
1,684
419,569
Aptiv
PLC
.........................
62
2,667
AutoZone
Inc
(1)
......................
3
8,490
Best
Buy
Co
Inc
.....................
48
4,235
Booking
Holdings
Inc
.................
139
22,644
BorgWarner
Inc
.....................
62
3,727
Brinker
International
Inc
(1)
..............
11
2,129
Brunswick
Corp/DE
..................
64
4,111
Burlington
Stores
Inc
(1)
................
15
4,008
CarMax
Inc
(1)
.......................
41
2,259
Carnival
Corp
Ltd
....................
304
7,460
Carvana
Co
(1)
.......................
132
8,255
Cava
Group
Inc
(1)
....................
29
1,569
Chipotle
Mexican
Grill
Inc
(1)
.............
243
7,764
Coupang
Inc
(1)
......................
277
3,842
Darden
Restaurants
Inc
................
29
5,604
Deckers
Outdoor
Corp
(1)
................
45
3,516
Dick's
Sporting
Goods
Inc
..............
17
2,283
Domino's
Pizza
Inc
...................
10
2,996
DoorDash
Inc
(1)
.....................
69
12,665
DR
Horton
Inc
......................
60
8,199
DraftKings
Inc
(1)
.....................
119
2,261
eBay
Inc
..........................
94
9,969
Expedia
Group
Inc
...................
23
6,057
Five
Below
Inc
(1)
.....................
13
2,854
Flutter
Entertainment
PLC
(1)
.............
33
2,460
Ford
Motor
Co
......................
751
9,057
Garmin
Ltd
........................
28
8,032
General
Motors
Co
...................
168
12,936
Genuine
Parts
Co
....................
36
4,527
Graham
Holdings
Co
..................
4
4,539
Grand
Canyon
Education
Inc
(1)
...........
37
5,609
Hasbro
Inc
........................
36
3,156
Hilton
Worldwide
Holdings
Inc
...........
43
13,679
Home
Depot
Inc/The
..................
179
50,924
Lennar
Corp
(1)
......................
70
5,599
Lowe's
Cos
Inc
.....................
109
20,088
Lululemon
Athletica
Inc
(1)
...............
31
2,982
Marriott
International
Inc/MD
............
41
14,582
McDonald's
Corp
....................
124
28,637
NIKE
Inc
..........................
250
8,850
Norwegian
Cruise
Line
Holdings
Ltd
(1)
......
168
2,463
O'Reilly
Automotive
Inc
(1)
...............
155
13,239
PulteGroup
Inc
......................
63
7,312
Ralph
Lauren
Corp
...................
12
4,261
Restaurant
Brands
International
Inc
........
82
5,829
Rivian
Automotive
Inc
(1)
................
201
3,003
Ross
Stores
Inc
.....................
61
14,237
Royal
Caribbean
Cruises
Ltd
............
47
12,495
Somnigroup
International
Inc
............
60
3,727
Standard
Motor
Products
Inc
............
109
4,044
Starbucks
Corp
.....................
204
19,168
Tapestry
Inc
.......................
41
4,717
Tesla
Inc
(1)
.........................
508
180,243
Texas
Roadhouse
Inc
.................
17
2,658
TJX
Cos
Inc/The
.....................
196
25,933
Toll
Brothers
Inc
.....................
47
6,333
Tractor
Supply
Co
....................
124
3,880
Ulta
Beauty
Inc
(1)
....................
10
5,462
Viking
Holdings
Ltd
(1)
..................
52
4,073
Wayfair
Inc
(1)
.......................
25
2,564
Williams-Sonoma
Inc
.................
32
7,294
Yum!
Brands
Inc
.....................
56
7,635
1,107,569
Consumer
Staples
—
0.8%
Altria
Group
Inc
.....................
189
12,727
Archer-Daniels-Midland
Co
.............
58
4,604
Bunge
Global
SA
....................
17
1,818
Casey's
General
Stores
Inc
.............
5
3,042
Church
&
Dwight
Co
Inc
...............
39
3,675
Coca-Cola
Co/The
...................
422
36,326
Colgate-Palmolive
Co
.................
92
7,849
Constellation
Brands
Inc
...............
22
2,487
Costco
Wholesale
Corp
................
48
43,696
2026
Quarterly
Report
|
September
30,
2026
Page
2
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Schedules
of
Investments
September
30,
2026
(unaudited)
Dollar
General
Corp
..................
29
3,468
Dollar
Tree
Inc
(1)
.....................
24
2,736
elf
Beauty
Inc
(1)
.....................
11
1,111
Estee
Lauder
Cos
Inc/The
..............
32
2,969
General
Mills
Inc
....................
92
2,959
Hershey
Co/The
.....................
20
3,152
J
M
Smucker
Co/The
.................
16
1,903
Kenvue
Inc
........................
233
4,115
Keurig
Dr
Pepper
Inc
..................
175
5,309
Kimberly-Clark
Corp
..................
49
4,774
Kraft
Heinz
Co/The
...................
139
3,158
Kroger
Co/The
......................
71
4,162
McCormick
&
Co
Inc/MD
...............
43
1,995
Mondelez
International
Inc
..............
155
8,962
Monster
Beverage
Corp
(1)
...............
170
7,075
PepsiCo
Inc
........................
154
19,515
Performance
Food
Group
Co
(1)
............
26
2,379
Philip
Morris
International
Inc
............
173
33,012
Procter
&
Gamble
Co/The
..............
255
37,046
Sysco
Corp
........................
57
4,444
Target
Corp
........................
53
8,305
Tyson
Foods
Inc
.....................
41
2,072
US
Foods
Holding
Corp
(1)
...............
29
2,674
Walmart
Inc
.......................
481
49,986
333,505
Energy
—
1.9%
Antero
Resources
Corp
(1)
...............
126
4,207
APA
Corp
.........................
133
5,525
Baker
Hughes
Co
....................
331
18,172
Cactus
Inc
........................
38
2,364
Centrus
Energy
Corp
(1)
.................
11
1,534
Cheniere
Energy
Inc
..................
68
18,294
Chevron
Corp
......................
578
118,033
Chord
Energy
Corp
...................
31
4,156
ConocoPhillips
......................
391
48,934
Delek
US
Holdings
Inc
.................
28
1,998
Devon
Energy
Corp
...................
387
17,818
Diamondback
Energy
Inc
...............
68
12,499
DT
Midstream
Inc
....................
43
5,137
Energy
Fuels
Inc/Canada
(1)
..............
146
1,610
EOG
Resources
Inc
...................
177
24,384
EQT
Corp
.........................
205
9,955
Expand
Energy
Corp
..................
81
6,811
ExxonMobil
Holdings
Corp
..............
1,291
210,110
Halliburton
Co
......................
315
10,017
HF
Sinclair
Corp
.....................
59
6,332
Kinder
Morgan
Inc
...................
643
19,386
Kodiak
Gas
Services
Inc
...............
54
2,860
Marathon
Petroleum
Corp
..............
94
37,170
Noble
Corp
PLC
.....................
76
3,172
NOV
Inc
..........................
303
5,675
Occidental
Petroleum
Corp
..............
250
13,830
ONEOK
Inc
........................
211
17,992
Ovintiv
Inc
.........................
125
7,228
PBF
Energy
Inc
.....................
38
2,925
Permian
Resources
Corp
...............
334
7,054
Phillips
66
.........................
129
32,935
Range
Resources
Corp
................
114
4,223
SLB
Ltd
..........................
484
23,581
SM
Energy
Co
......................
96
3,243
Targa
Resources
Corp
.................
71
19,192
TechnipFMC
PLC
....................
148
10,052
Texas
Pacific
Land
Corp
...............
20
6,517
Transocean
Ltd
(1)
....................
480
2,515
Uranium
Energy
Corp
(1)
................
216
2,041
Valero
Energy
Corp
...................
95
36,823
Weatherford
International
PLC
...........
43
3,383
Williams
Cos
Inc/The
.................
397
26,984
816,671
Financials
—
9.6%
Affirm
Holdings
Inc
(1)
..................
219
15,161
Aflac
Inc
..........................
280
31,298
Allstate
Corp/The
....................
154
34,166
American
Express
Co
.................
272
82,715
American
International
Group
Inc
.........
360
26,791
Ameriprise
Financial
Inc
...............
54
26,587
Aon
PLC
..........................
113
31,275
Apollo
Global
Management
Inc
...........
228
26,462
Arch
Capital
Group
Ltd
(1)
...............
298
27,523
Ares
Management
Corp
................
127
14,754
Arthur
J
Gallagher
&
Co
................
141
32,163
Associated
Banc-Corp
.................
1,337
38,305
Atlantic
Union
Bankshares
Corp
..........
887
33,662
Bank
of
America
Corp
.................
3,168
172,434
Bank
of
New
York
Mellon
Corp/The
........
361
52,211
Berkshire
Hathaway
Inc
(1)
..............
888
442,180
Blackrock
Inc
......................
80
84,663
Blackstone
Inc
......................
387
43,379
Block
Inc
(1)
........................
309
22,721
Brown
&
Brown
Inc
..................
261
15,895
Capital
One
Financial
Corp
..............
355
68,540
Cboe
Global
Markets
Inc
...............
56
15,416
Central
Pacific
Financial
Corp
............
886
31,799
Charles
Schwab
Corp/The
..............
800
78,192
Chime
Financial
Inc
(1)
.................
225
5,994
Chubb
Ltd
.........................
195
63,424
Cincinnati
Financial
Corp
...............
134
21,356
Citigroup
Inc
.......................
857
110,964
CME
Group
Inc
......................
178
46,632
Coinbase
Global
Inc
(1)
.................
121
22,556
Corpay
Inc
(1)
.......................
43
16,710
Equitable
Holdings
Inc
.................
276
14,150
Fidelity
National
Information
Services
Inc
....
423
13,917
Fifth
Third
Bancorp
...................
600
30,348
Fiserv
Inc
(1)
........................
367
16,581
FNB
Corp/PA
.......................
3,054
52,559
2026
Quarterly
Report
|
September
30,
2026
Page
3
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Schedules
of
Investments
September
30,
2026
(unaudited)
Fulton
Financial
Corp
.................
1,966
44,353
Global
Payments
Inc
..................
188
15,354
Goldman
Sachs
Group
Inc/The
...........
145
130,552
Hartford
Insurance
Group
Inc/The
.........
226
27,653
Home
Bancorp
Inc
...................
488
32,237
Interactive
Brokers
Group
Inc
............
291
24,857
Intercontinental
Exchange
Inc
............
287
43,633
JPMorgan
Chase
&
Co
................
1,275
421,808
KKR
&
Co
Inc
.......................
366
33,416
Ladder
Capital
Corp
..................
2,809
24,523
LPL
Financial
Holdings
Inc
..............
47
14,373
Marsh
&
McLennan
Cos
Inc
.............
270
46,097
Mastercard
Inc
.....................
397
218,934
MetLife
Inc
........................
354
33,333
Moody's
Corp
......................
82
37,239
Morgan
Stanley
.....................
570
107,206
MSCI
Inc
..........................
41
22,085
Nasdaq
Inc
........................
266
24,475
Northern
Trust
Corp
..................
127
21,509
NU
Holdings
Ltd/Cayman
Islands
(1)
........
1,890
23,927
PayPal
Holdings
Inc
..................
466
24,479
PNC
Financial
Services
Group
Inc/The
......
204
45,341
Principal
Financial
Group
Inc
............
189
21,160
Progressive
Corp/The
.................
295
61,156
Prudential
Financial
Inc
................
225
25,555
Raymond
James
Financial
Inc
...........
120
18,962
Robinhood
Markets
Inc
(1)
...............
398
44,775
Rocket
Cos
Inc
(1)
....................
804
9,254
S&P
Global
Inc
......................
149
58,776
SoFi
Technologies
Inc
(1)
................
1,021
16,050
State
Street
Corp
....................
167
29,157
Synchrony
Financial
..................
340
24,130
T
Rowe
Price
Group
Inc
................
146
15,191
Toast
Inc
(1)
........................
384
11,132
Travelers
Cos
Inc/The
.................
117
41,712
Truist
Financial
Corp
..................
773
35,790
United
Bankshares
Inc/WV
..............
1,032
47,410
US
Bancorp
........................
852
49,212
Visa
Inc
..........................
800
287,464
Wells
Fargo
&
Co
....................
1,492
119,435
Willis
Towers
Watson
PLC
..............
56
16,141
4,213,329
Health
Care
—
8.2%
10X
Genomics
Inc
(1)
..................
115
10,391
Abbott
Laboratories
..................
857
84,697
AbbVie
Inc
........................
871
227,845
Agilent
Technologies
Inc
...............
190
32,739
Align
Technology
Inc
(1)
.................
85
12,355
Alnylam
Pharmaceuticals
Inc
(1)
...........
76
18,752
Amgen
Inc
........................
270
113,808
Arrowhead
Pharmaceuticals
Inc
(1)
.........
116
7,592
Axsome
Therapeutics
Inc
(1)
..............
57
10,510
Baxter
International
Inc
................
527
12,648
Becton
Dickinson
&
Co
................
180
32,220
Biogen
Inc
(1)
.......................
97
21,910
Blueprint
Medicines
CVR
Escrow
(1)
(2)
........
19
0
Boston
Scientific
Corp
(1)
................
783
34,178
Bridgebio
Pharma
Inc
(1)
................
148
9,738
BrightSpring
Health
Services
Inc
(1)
.........
171
9,704
Bristol-Myers
Squibb
Co
...............
1,087
67,829
Cardinal
Health
Inc
...................
138
30,705
Cencora
Inc
........................
98
29,425
Centene
Corp
(1)
.....................
315
19,568
Charles
River
Laboratories
International
Inc
(1)
.
44
12,980
Cigna
Group/The
....................
142
38,600
Corcept
Therapeutics
Inc
(1)
..............
62
7,144
CRISPR
Therapeutics
AG
(1)
..............
182
10,068
CVS
Health
Corp
....................
680
58,269
Cytokinetics
Inc
(1)
....................
171
11,271
Danaher
Corp
......................
320
70,896
Dexcom
Inc
(1)
.......................
238
20,537
Dianthus
Therapeutics
Inc
(1)
.............
74
6,516
Edwards
Lifesciences
Corp
(1)
............
362
31,248
Elanco
Animal
Health
Inc
(1)
..............
451
10,098
Elevance
Health
Inc
..................
119
46,270
Eli
Lilly
&
Co
.......................
397
459,361
GE
HealthCare
Technologies
Inc
..........
286
18,696
Gilead
Sciences
Inc
..................
648
96,584
Guardant
Health
Inc
(1)
.................
87
15,517
HCA
Healthcare
Inc
...................
84
35,846
Hims
&
Hers
Health
Inc
(1)
...............
197
5,869
Humana
Inc
.......................
71
27,091
IDEXX
Laboratories
Inc
(1)
...............
55
28,720
Illumina
Inc
(1)
.......................
95
26,000
Immunome
Inc
(1)
....................
325
6,991
Incyte
Corp
(1)
.......................
135
16,382
Insmed
Inc
(1)
.......................
122
13,925
Intuitive
Surgical
Inc
(1)
.................
194
78,886
Ionis
Pharmaceuticals
Inc
(1)
.............
153
6,831
IQVIA
Holdings
Inc
(1)
..................
93
25,003
Jazz
Pharmaceuticals
PLC
(1)
.............
56
12,965
Johnson
&
Johnson
..................
1,186
313,982
Kymera
Therapeutics
Inc
(1)
..............
81
9,055
Labcorp
Holdings
Inc
.................
58
17,870
McKesson
Corp
.....................
65
55,498
Medline
Inc
(1)
.......................
330
11,451
Medtronic
PLC
......................
660
56,951
Merck
&
Co
Inc
.....................
1,236
179,603
Mettler-Toledo
International
Inc
(1)
.........
12
18,131
Moderna
Inc
(1)
......................
195
37,551
Natera
Inc
(1)
........................
80
33,065
Neurocrine
Biosciences
Inc
(1)
............
86
12,198
Pfizer
Inc
.........................
2,865
81,710
Praxis
Precision
Medicines
Inc
(1)
..........
23
6,698
Quest
Diagnostics
Inc
.................
69
16,082
Recursion
Pharmaceuticals
Inc
(1)
..........
3,270
13,505
Regeneron
Pharmaceuticals
Inc
..........
55
41,705
2026
Quarterly
Report
|
September
30,
2026
Page
4
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Schedules
of
Investments
September
30,
2026
(unaudited)
ResMed
Inc
........................
106
23,437
Revolution
Medicines
Inc
(1)
..............
114
23,400
Revvity
Inc
........................
137
20,946
Roivant
Sciences
Ltd
(1)
................
437
15,981
Royalty
Pharma
PLC
..................
403
23,519
Spyre
Therapeutics
Inc
(1)
...............
79
7,033
Stryker
Corp
.......................
194
53,426
Tempus
AI
Inc
(1)
.....................
117
9,582
Tenet
Healthcare
Corp
(1)
................
54
13,800
Thermo
Fisher
Scientific
Inc
.............
185
124,884
Twist
Bioscience
Corp
(1)
................
61
11,788
United
Therapeutics
Corp
(1)
.............
29
15,715
UnitedHealth
Group
Inc
................
458
168,123
Vaxcyte
Inc
(1)
.......................
235
13,372
Veeva
Systems
Inc
(1)
..................
111
31,685
Vertex
Pharmaceuticals
Inc
(1)
............
135
70,579
Viatris
Inc
.........................
930
16,480
Viking
Therapeutics
Inc
(1)
...............
308
10,041
Waters
Corp
(1)
......................
63
27,682
West
Pharmaceutical
Services
Inc
.........
43
15,943
Zimmer
Biomet
Holdings
Inc
............
178
15,812
Zoetis
Inc
.........................
238
16,620
3,620,081
Industrials
—
4.9%
3M
Co
...........................
182
29,875
Advanced
Drainage
Systems
Inc
..........
69
8,743
Alaska
Air
Group
Inc
(1)
.................
212
8,204
AMETEK
Inc
.......................
78
19,323
API
Group
Corp
(1)
....................
179
6,909
ATI
Inc
(1)
..........................
52
9,849
Automatic
Data
Processing
Inc
...........
145
37,419
Axon
Enterprise
Inc
(1)
.................
27
11,408
Bloom
Energy
Corp
(1)
..................
90
24,928
Boeing
Co/The
(1)
.....................
250
46,513
Broadridge
Financial
Solutions
Inc
.........
72
11,599
BWX
Technologies
Inc
.................
51
6,987
CACI
International
Inc
(1)
................
9
5,482
Carlisle
Cos
Inc
.....................
24
7,732
Carpenter
Technology
Corp
.............
19
7,388
Carrier
Global
Corp
...................
306
16,787
Caterpillar
Inc
......................
150
121,619
CH
Robinson
Worldwide
Inc
.............
48
7,102
Cintas
Corp
........................
132
25,748
CNH
Industrial
NV
....................
521
6,695
Comfort
Systems
USA
Inc
..............
16
26,465
Copart
Inc
(1)
........................
390
10,639
CSX
Corp
.........................
593
27,580
Cummins
Inc
.......................
51
26,345
Curtiss-Wright
Corp
..................
18
9,789
Deere
&
Co
........................
82
55,067
Delta
Air
Lines
Inc
...................
263
21,950
Dover
Corp
........................
71
13,281
DuPont
de
Nemours
Inc
................
89
11,560
Dycom
Industries
Inc
(1)
................
14
3,767
Eaton
Corp
PLC
.....................
131
56,292
EMCOR
Group
Inc
....................
19
14,335
Emerson
Electric
Co
..................
190
29,469
Equifax
Inc
........................
61
8,372
Everus
Construction
Group
Inc
(1)
..........
56
6,581
Expeditors
International
of
Washington
Inc
...
49
9,047
Fastenal
Co
........................
441
21,843
FedEx
Corp
........................
72
20,527
Fedex
Freight
Holding
Co
Inc
(1)
...........
43
4,703
Ferguson
Enterprises
Inc
...............
81
18,032
Flowserve
Corp
.....................
79
5,777
Fortive
Corp
.......................
173
9,482
FTAI
Aviation
Ltd
....................
41
6,848
GE
Vernova
Inc
.....................
88
83,643
Generac
Holdings
Inc
(1)
................
31
6,415
General
Dynamics
Corp
................
82
27,210
General
Electric
Co
...................
336
104,929
HEICO
Corp
(1)
.......................
54
12,330
Honeywell
Aerospace
Inc
(1)
..............
107
16,582
Honeywell
International
Inc
.............
122
25,735
Howmet
Aerospace
Inc
................
133
30,082
Hubbell
Inc
........................
23
10,433
Illinois
Tool
Works
Inc
.................
104
26,757
Ingersoll
Rand
Inc
...................
193
14,496
ITT
Inc
...........................
56
11,302
Jacobs
Solutions
Inc
..................
62
8,387
JB
Hunt
Transport
Services
Inc
...........
38
8,514
Johnson
Controls
International
plc
.........
211
31,365
Knight-Swift
Transportation
Holdings
Inc
....
114
7,249
Kratos
Defense
&
Security
Solutions
Inc
(1)
....
102
4,354
L3Harris
Technologies
Inc
..............
70
16,575
Leidos
Holdings
Inc
..................
61
7,432
Lennox
International
Inc
...............
17
6,035
Lincoln
Electric
Holdings
Inc
.............
45
11,906
Lockheed
Martin
Corp
.................
67
34,120
Marten
Transport
Ltd
.................
695
8,979
Masco
Corp
.......................
120
8,088
MasTec
Inc
(1)
.......................
29
6,195
Modine
Manufacturing
Co
..............
27
5,054
Mueller
Industries
Inc
.................
112
6,788
Nextpower
Inc
(1)
.....................
67
5,221
Norfolk
Southern
Corp
.................
75
23,175
Northrop
Grumman
Corp
...............
48
23,207
nVent
Electric
PLC
...................
76
12,188
Old
Dominion
Freight
Line
Inc
............
77
13,386
Otis
Worldwide
Corp
..................
189
12,157
Owens
Corning
.....................
52
6,071
PACCAR
Inc
........................
193
21,193
Parker-Hannifin
Corp
.................
42
40,128
Paychex
Inc
.......................
163
16,056
Paycom
Software
Inc
.................
22
4,788
Quanta
Services
Inc
..................
53
34,053
QXO
Inc
(1)
.........................
506
5,915
2026
Quarterly
Report
|
September
30,
2026
Page
5
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Schedules
of
Investments
September
30,
2026
(unaudited)
RB
Global
Inc
.......................
85
6,918
RBC
Bearings
Inc
(1)
...................
22
10,983
Regal
Rexnord
Corp
..................
33
5,119
Republic
Services
Inc
.................
82
17,209
Rocket
Lab
Corp
(1)
...................
190
13,239
Rockwell
Automation
Inc
...............
39
16,978
RTX
Corp
.........................
427
79,273
SPX
Technologies
Inc
(1)
................
34
5,765
SS&C
Technologies
Holdings
Inc
..........
132
10,173
Stanley
Black
&
Decker
Inc
.............
106
9,391
Sterling
Infrastructure
Inc
(1)
.............
13
6,393
Sunbelt
Rentals
Holdings
Inc
............
167
12,226
Trane
Technologies
PLC
................
80
36,158
TransDigm
Group
Inc
(1)
................
19
20,569
TransUnion
........................
110
6,723
Uber
Technologies
Inc
(1)
................
650
44,532
Union
Pacific
Corp
...................
189
51,433
United
Airlines
Holdings
Inc
(1)
............
159
17,641
United
Parcel
Service
Inc
...............
254
23,734
United
Rentals
Inc
...................
22
22,017
Veralto
Corp
.......................
138
13,016
Verisk
Analytics
Inc
...................
56
9,400
Vertiv
Holdings
Co
...................
130
31,370
Waste
Management
Inc
................
129
26,306
Watsco
Inc
........................
23
6,962
WESCO
International
Inc
...............
27
9,709
Westinghouse
Air
Brake
Technologies
Corp
...
64
18,380
Woodward
Inc
......................
25
8,215
WW
Grainger
Inc
....................
15
18,686
XPO
Inc
(1)
.........................
52
9,151
Xylem
Inc/NY
.......................
120
12,152
2,176,375
Information
Technology
—
24.3%
Accenture
PLC
......................
379
69,497
Adobe
Inc
(1)
........................
295
70,782
Advanced
Micro
Devices
Inc
(1)
...........
650
397,644
Amphenol
Corp
.....................
1,216
102,509
Analog
Devices
Inc
...................
266
105,525
Apple
Inc
.........................
5,718
1,904,208
Applied
Materials
Inc
.................
334
170,801
Arista
Networks
Inc
(1)
.................
497
101,184
Astera
Labs
Inc
(1)
....................
84
29,902
Atlassian
Corp
(1)
.....................
98
17,570
Autodesk
Inc
(1)
......................
225
47,025
Broadcom
Inc
......................
1,855
651,457
Cadence
Design
Systems
Inc
(1)
...........
175
57,782
Ciena
Corp
(1)
.......................
83
29,201
Cisco
Systems
Inc
...................
1,661
178,773
Cloudflare
Inc
(1)
.....................
160
55,565
Coherent
Corp
(1)
.....................
109
31,371
CoreWeave
Inc
(1)
....................
250
21,780
Corning
Inc
........................
416
63,964
Credo
Technology
Group
Holding
Ltd
(1)
......
92
17,921
Crowdstrike
Holdings
Inc
(1)
..............
426
112,784
Datadog
Inc
(1)
......................
151
41,351
Dell
Technologies
Inc
.................
129
69,396
Fortinet
Inc
(1)
.......................
303
54,164
Hewlett
Packard
Enterprise
Co
...........
745
47,598
Intel
Corp
(1)
........................
1,852
222,666
International
Business
Machines
Corp
......
422
92,811
Intuit
Inc
..........................
157
43,287
KLA
Corp
.........................
592
115,399
Knowles
Corp
(1)
.....................
2,407
89,420
Lam
Research
Corp
..................
555
182,323
Lumentum
Holdings
Inc
(1)
..............
36
34,965
Marvell
Technology
Inc
................
362
95,644
Microchip
Technology
Inc
..............
624
48,529
Micron
Technology
Inc
................
448
477,169
Microsoft
Corp
......................
2,952
1,514,081
Monolithic
Power
Systems
Inc
...........
37
49,847
NVIDIA
Corp
.......................
9,219
2,105,435
Oracle
Corp
........................
779
106,957
Palantir
Technologies
Inc
(1)
..............
923
172,647
Palo
Alto
Networks
Inc
(1)
...............
345
137,072
QUALCOMM
Inc
.....................
487
89,628
Roper
Technologies
Inc
................
120
41,929
Salesforce
Inc
......................
374
85,859
Sandisk
Corp
(1)
......................
60
104,393
ServiceNow
Inc
(1)
....................
531
71,159
Snowflake
Inc
(1)
.....................
157
53,311
Strategy
Inc
(1)
......................
223
34,139
Synopsys
Inc
(1)
......................
108
46,974
Texas
Instruments
Inc
.................
432
120,999
Western
Digital
Corp
..................
156
70,896
10,657,293
Materials
—
1.2%
Air
Products
and
Chemicals
Inc
..........
80
22,258
Albemarle
Corp
.....................
44
4,654
Alcoa
Corp
........................
103
4,326
Almonty
Industries
Inc
(1)
................
85
1,119
Amcor
PLC
........................
201
8,414
Anglogold
Ashanti
Plc
.................
180
16,911
Avery
Dennison
Corp
.................
36
6,144
Avient
Corp
........................
52
2,093
Axalta
Coating
Systems
Ltd
(1)
............
105
3,377
Ball
Corp
.........................
111
6,219
Celanese
Corp
......................
54
2,396
Century
Aluminum
Co
(1)
................
33
1,187
CF
Industries
Holdings
Inc
..............
55
6,336
Cleveland-Cliffs
Inc
(1)
.................
235
2,587
Coeur
Mining
Inc
....................
384
6,758
Commercial
Metals
Co
................
54
3,353
Corteva
Inc
........................
242
18,791
CRH
PLC
..........................
251
20,783
Crown
Holdings
Inc
..................
56
5,903
Dow
Inc
..........................
271
7,463
2026
Quarterly
Report
|
September
30,
2026
Page
6
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Schedules
of
Investments
September
30,
2026
(unaudited)
Eastman
Chemical
Co
.................
68
4,409
Ecolab
Inc
.........................
92
25,261
Element
Solutions
Inc
.................
114
4,136
Freeport-McMoRan
Inc
................
512
35,840
Hecla
Mining
Co
.....................
235
4,002
International
Flavors
&
Fragrances
Inc
......
96
8,014
International
Paper
Co
.................
217
7,198
Linde
PLC
.........................
164
77,843
LyondellBasell
Industries
NV
.............
97
5,575
Martin
Marietta
Materials
Inc
............
26
12,475
Materion
Corp
......................
9
2,426
Mosaic
Co/The
.....................
146
3,161
MP
Materials
Corp
(1)
..................
63
2,979
NewMarket
Corp
....................
3
2,693
Newmont
Corp
.....................
379
43,714
Nucor
Corp
........................
80
18,700
Packaging
Corp
of
America
.............
37
8,483
Perimeter
Solutions
Inc
(1)
...............
64
1,685
PPG
Industries
Inc
...................
93
9,703
Reliance
Inc
.......................
19
7,310
Royal
Gold
Inc
......................
31
7,316
RPM
International
Inc
.................
61
6,019
Sensient
Technologies
Corp
.............
19
2,484
Sherwin-Williams
Co/The
..............
85
27,478
Smurfit
Westrock
PLC
.................
209
9,217
Solstice
Advanced
Materials
Inc
..........
63
3,548
Southern
Copper
Corp
.................
35
7,092
SSR
Mining
Inc
.....................
84
2,799
Steel
Dynamics
Inc
...................
50
11,081
USA
Rare
Earth
Inc
(1)
..................
94
1,324
Vulcan
Materials
Co
..................
56
13,699
Warrior
Met
Coal
Inc
..................
20
1,761
530,497
Real
Estate
—
2.3%
Alexandria
Real
Estate
Equities
Inc
........
128
6,075
American
Healthcare
REIT
Inc
............
142
7,279
American
Homes
4
Rent
...............
290
8,813
American
Tower
Corp
.................
312
51,071
Americold
Realty
Trust
Inc
..............
242
3,383
Apple
Hospitality
REIT
Inc
..............
422
6,820
BXP
Inc
..........................
125
7,639
Camden
Property
Trust
................
88
8,512
CareTrust
REIT
Inc
...................
170
6,219
CBRE
Group
Inc
(1)
....................
214
27,493
Compass
Inc
(1)
......................
517
4,591
CoStar
Group
Inc
(1)
...................
298
8,165
Cousins
Properties
Inc
................
220
6,081
Crown
Castle
Inc
....................
299
19,928
CubeSmart
........................
221
8,305
Digital
Realty
Trust
Inc
.................
244
42,829
EastGroup
Properties
Inc
...............
48
9,478
Equinix
Inc
........................
66
66,764
Equity
LifeStyle
Properties
Inc
...........
160
9,333
Essex
Property
Trust
Inc
...............
47
12,661
Extra
Space
Storage
Inc
...............
154
20,253
Federal
Realty
Investment
Trust
..........
88
9,530
First
Industrial
Realty
Trust
Inc
...........
129
7,681
Gaming
and
Leisure
Properties
Inc
........
230
8,733
Healthpeak
Properties
Inc
..............
510
10,185
Host
Hotels
&
Resorts
Inc
..............
506
11,329
Invitation
Homes
Inc
..................
452
11,901
Iron
Mountain
Inc
....................
202
22,412
Jones
Lang
LaSalle
Inc
(1)
...............
36
10,999
Kilroy
Realty
Corp
....................
135
4,491
Kimco
Realty
Corp
...................
573
12,726
Lamar
Advertising
Co
.................
65
9,367
Macerich
Co/The
....................
239
5,344
Mid-America
Apartment
Communities
Inc
....
93
10,950
Millrose
Properties
Inc
................
151
3,922
Omega
Healthcare
Investors
Inc
..........
224
10,373
One
Liberty
Properties
Inc
..............
305
6,704
Opendoor
Technologies
Inc
(1)
............
763
1,808
Outfront
Media
Inc
...................
148
4,107
Phillips
Edison
&
Co
Inc
................
245
9,148
Prologis
Inc
........................
636
82,578
Public
Storage
......................
115
32,527
Rayonier
Inc
.......................
285
5,233
Realty
Income
Corp
..................
663
36,001
Regency
Centers
Corp
.................
165
11,860
Rexford
Industrial
Realty
Inc
.............
200
7,254
Ryman
Hospitality
Properties
Inc
..........
54
6,455
Sabra
Health
Care
REIT
Inc
.............
224
4,417
SBA
Communications
Corp
.............
72
11,529
Simon
Property
Group
Inc
..............
219
43,966
SL
Green
Realty
Corp
.................
68
3,327
STAG
Industrial
Inc
...................
188
6,732
Sun
Communities
Inc
.................
95
10,524
UDR
Inc
..........................
268
8,991
Ventas
Inc
.........................
331
28,142
VICI
Properties
Inc
...................
862
19,800
Vivmark
Residential
..................
686
41,681
Vornado
Realty
Trust
..................
150
5,082
Welltower
Inc
......................
470
108,213
Weyerhaeuser
Co
....................
522
9,944
WP
Carey
Inc
.......................
192
12,409
Zillow
Group
Inc
(1)
....................
169
4,681
1,014,748
Utilities
—
0.0%
AES
Corp/The
......................
1
15
Alliant
Energy
Corp
...................
1
63
Ameren
Corp
.......................
1
99
American
Electric
Power
Co
Inc
..........
1
119
CenterPoint
Energy
Inc
................
1
37
Consolidated
Edison
Inc
...............
1
102
Dominion
Energy
Inc
..................
1
61
Duke
Energy
Corp
...................
1
114
2026
Quarterly
Report
|
September
30,
2026
Page
7
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Schedules
of
Investments
September
30,
2026
(unaudited)
Edison
International
..................
1
54
Entergy
Corp
.......................
1
99
Essential
Utilities
Inc
..................
1
39
Eversource
Energy
...................
1
64
Exelon
Corp
.......................
1
40
FirstEnergy
Corp
....................
1
43
NextEra
Energy
Inc
...................
3
227
NiSource
Inc
.......................
1
39
PG&E
Corp
........................
3
37
PPL
Corp
.........................
1
33
Public
Service
Enterprise
Group
Inc
........
1
67
Sempra
..........................
1
78
Southern
Co/The
....................
2
166
WEC
Energy
Group
Inc
................
1
101
Xcel
Energy
Inc
.....................
1
71
1,768
Total
Common
Stocks
(United
States)
(
Cost
$
23,671,650
)
.................
28,381,459
Preferred
Stock
(United
States)
—
0
.0
%
Wells
Fargo
&
Co
....................
1
3
Total
Preferred
Stock
(United
States)
(
Cost
$
–
)
........................
3
Registered
Investment
Companies
—
4
.8
%
U.S.
Fixed
Income
—
4.5%
Baird
Core
Plus
Bond
Fund
-
Class
I
.......
34,805
339,004
Dodge
&
Cox
Income
Fund
-
Class
I
........
16,115
193,546
Fidelity
Advisor
Capital
&
Income
Fund
-
Class
Z
18,289
220,569
Fidelity
Total
Bond
Fund
-
Class
Z
.........
23,862
216,908
Frost
Total
Return
Bond
Fund
-
Class
I
......
4,499
40,940
Guggenheim
Total
Return
Bond
Fund
-
Class
I
.
8,083
182,766
iShares
20+
Year
Treasury
Bond
ETF
(3)
......
1,264
98,314
iShares
7-10
Year
Treasury
Bond
ETF
(3)
.....
3,339
298,206
PGIM
Total
Return
Bond
Fund
-
Class
R6
....
15,943
182,234
PIMCO
Total
Return
Fund
-
Class
I
.........
25,837
214,185
1,986,672
International
Fixed
Income
—
0.3%
Eaton
Vance
Emerging
Markets
Debt
Opportunities
Fund
-
Class
R6
..........
13,279
114,598
114,598
Total
Registered
Investment
Companies
(
Cost
$
2,176,360
)
..................
2,101,270
Money
Market
Registered
Investment
Companies
—
28
.7
%
Meeder
Government
Money
Market
Fund
,
3.72
%
(4)
........................
12,596,726
12,596,726
Total
Money
Market
Registered
Investment
Companies
(
Cost
$
12,596,726
)
.................
12,596,726
Total
Investments
—
98
.1
%
(Cost
$
38,444,736
)
.................
43,079,458
Other
Assets
less
Liabilities
—
1
.9
%
.......
853,128
Total
Net
Assets
—
100
.0
%
.............
43,932,586
Security
Description
Shares,
Contracts
or
Principal
Amount
($)
Fair
Value
($)
Trustee
Deferred
Compensation
(5)
Meeder
Balanced
Fund
-
Retail
Class
.......
1,529
22,296
Meeder
Conservative
Allocation
Fund
-
Retail
Class
..........................
205
4,953
Meeder
Dynamic
Allocation
Fund
-
Retail
Class
3,133
51,633
Meeder
Muirfield
Fund
-
Retail
Class
.......
1,648
18,462
Total
Trustee
Deferred
Compensation
(Cost
$
64,473
)
....................
97,344
Long
(Short)
Contracts
Expiration
Date
Notional
Value
of
Contracts
($)
Value
and
Unrealized
Appreciation
(Depreciation)
($)
Futures
Contracts
Other
Futures
Mini
MSCI
EAFE
Futures
-
Dec
2026
........
35
12/17/26
5,489,050
(
77,044
)
Mini
MSCI
Emg
Mkt
Futures
-
Dec
2026
..
17
12/17/26
1,454,350
19,520
S&P
500
Mini
Futures
December
2026
....
8
12/17/26
3,086,200
(
18,774
)
S&P
Mid
Cap
Futures
EMini
December
2026
9
12/17/26
3,260,160
(
78,046
)
Total
Futures
Contracts
.
69
13,289,760
(
154,344
)
(1)
Represents
non-income
producing
securities.
(2)
Fair
valued
security
deemed
a
Level
3
security.
Security
is
not
part
of
the
investment
strategy
of
the
Fund.
(3)
Exchange-traded
fund.
(4)
Investment
in
affiliate.
The
yield
shown
represents
the
7-day
yield
in
effect
at
September
30,
2026.
(5)
Assets
of
affiliates
to
the
Sector
Rotation
Fund
held
for
the
benefit
of
the
Fund’s
Trustees
in
connection
with
the
Trustee
Deferred
Compensation
Plan.