# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001752724-25-177890
**Filing Date:** 2025-7
**Character Count:** 123669
**Document Hash:** 1c808f2d46d5e245247d78615166aaf9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-177890.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-177890

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS III
- **CENTRAL INDEX KEY:** 0000908695

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 251149533

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Victory Emerging Markets Fund (Formerly USAA Emerging Markets Fund) (Series ID: S000012927)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000034897 | Victory Emerging Markets Fund Shares               | USEMX           |
| C000066846 | Victory Emerging Markets Fund Institutional Shares | UIEMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios III

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

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

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

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

- **a. Name of Series:** Victory Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000012927

- **c. LEI of Series:** 549300QVU13OKCKSH254

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $558320490.94

**Total Liabilities:** $12749827.57

**Net Assets:** $545570663.37

**Cash Not Reported:** $16078078.42

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000066846 | 1.27%                | 0.53%                | 5.22%                |
| Class ID C000034897 | 1.26%                | 0.53%                | 5.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3456935.05              | $2476118.70                                |
| Month 2  | $2241271.06              | $-524317.66                                |
| Month 3  | $2870273.01              | $22506113.08                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHROMA ATE INC.                                                    | CHROMA ATE INC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    137000 | NS      | $1511214.22   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSFORMERS AND RECTIFIERS (INDIA) LIMITED                        | TRANSFORMERS RECTIFIERS IN                         | CUSIP: N/A<br>LEI: 335800CLAIFWDACD5H92       | Long             | EC               | CORP              | IN        |    169232 | NS      | $1034277.48   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Neoenergia S.A.                                                    | NEOENERGIA SA                                      | CUSIP: N/A<br>LEI: 959800B3RXPMGEZ1W429       | Long             | EC               | CORP              | BR        |    116000 | NS      | $508086.94    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOX Advanced Materials Co., Ltd.                                 | INNOX ADVANCED MATERIALS CO LTD                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     36718 | NS      | $600112.43    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI BANK LIMITED                                                 | ICICI BANK LTD                                     | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |     67276 | NS      | $1141169.83   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICONY ELECTRONICS CO., LTD.                                      | CHICONY ELECTRONICS CO LTD                         | CUSIP: N/A<br>LEI: 254900JBP5GB5B1IHS51       | Long             | EC               | CORP              | TW        |     81000 | NS      | $452038.56    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CITY UNION BANK LIMITED                                            | CITY UNION BANK LTD                                | CUSIP: N/A<br>LEI: 33580024M7FWA847JI64       | Long             | EC               | CORP              | IN        |    204536 | NS      | $468562.13    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVATEK MICROELECTRONICS CORP.                                     | NOVATEK MICROELECTRONICS COR                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     95000 | NS      | $1618347.20   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco ABC Brasil S.A                                               | BANCO ABC BRASIL SA                                | CUSIP: N/A<br>LEI: 549300K1V1WOTCGNSI96       | Long             | EC               | CORP              | BR        |    153300 | NS      | $561563.01    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GREENTOWN CHINA HOLDINGS LIMITED                                   | GREENTOWN CHINA HOLDINGS LTD                       | CUSIP: N/A<br>LEI: 529900BLBC6YDNWS8530       | Long             | EC               | CORP              | KY        |    595500 | NS      | $718455.35    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NARAYANA HRUDAYALAYA LIMITED                                       | NARAYANA HRUDAYALAYA LTD                           | CUSIP: N/A<br>LEI: 3358005539O9QRRIAM19       | Long             | EC               | CORP              | IN        |     73441 | NS      | $1496565.15   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| DR.REDDY'S LABORATORIES LTD                                        | DR REDDY S LABORATORIES LTD                        | CUSIP: N/A<br>LEI: 335800OVDPY3DVZR2798       | Long             | EC               | CORP              | IN        |     90588 | NS      | $1326884.31   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| LIC HOUSING FINANCE LTD                                            | LIC HOUSING FINANCE LTD                            | CUSIP: N/A<br>LEI: 335800NFSMJ2ZKBCYP06       | Long             | EC               | CORP              | IN        |    275432 | NS      | $1923597.73   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| BHARAT PETROLEUM CORPORATION LIMITED                               | BHARAT PETROLEUM CORP LTD                          | CUSIP: N/A<br>LEI: 8GRDBX1TJ0PU5NCSHT72       | Long             | EC               | CORP              | IN        |    285459 | NS      | $1064081.75   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI ROTEM COMPANY                                              | HYUNDAI ROTEM CO LTD                               | CUSIP: Y3R36Z108<br>LEI: 988400HB939UNHXTFY36 | Long             | EC               | CORP              | KR        |     28008 | NS      | $2965630.93   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LIMITED                                            | SHRIRAM FINANCE LTD                                | CUSIP: N/A<br>LEI: 335800TM2YO24B76XL26       | Long             | EC               | CORP              | IN        |    180780 | NS      | $1352896.08   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Limited                                      | ALIBABA GROUP HOLDING LTD                          | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |   1037804 | NS      | $14776435.46  | 2.71%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.COM, INC.                                                       | JD COM INC                                         | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |     40750 | NS      | $659479.38    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Regional S.A.B. de C.V.                                            | REGIONAL SAB DE CV                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     94114 | NS      | $732028.51    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PT AKR Corporindo Tbk                                              | AKR CORPORINDO TBK PT                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   3281800 | NS      | $256295.46    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| America Movil, S.A.B. de C.V.                                      | AMERICA MOVIL SAB DE CV                            | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             |  | CORP              | MX        |    128794 | NS      | $2176618.60   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| KUNLUN ENERGY COMPANY LIMITED                                      | KUNLUN ENERGY CO LTD                               | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |    718000 | NS      | $717274.87    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| LIFE HEALTHCARE GROUP HOLDINGS LIMITED                             | LIFE HEALTHCARE GROUP HOLDINGS PTE LTD             | CUSIP: N/A<br>LEI: 529900NEEWARTDD80135       | Long             | EC               | CORP              | ZA        |   1028575 | NS      | $818857.70    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc.                                            | KB FINANCIAL GROUP INC                             | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |     27418 | NS      | $2063784.23   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| INDUS TOWERS LIMITED                                               | INDUS TOWERS LTD                                   | CUSIP: N/A<br>LEI: 335800L6DI4VHODGDK41       | Long             | EC               | CORP              | IN        |    681710 | NS      | $3063649.50   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| MakeMyTrip Limited                                                 | MAKEMYTRIP LTD                                     | CUSIP: V5633W109<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | MU        |     16662 | NS      | $1693359.06   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ISU Petasys Co., Ltd.                                              | ISUPETASYS CO LTD                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     13279 | NS      | $368549.74    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SHINHAN FINANCIAL GROUP CO.,LTD                                    | SHINHAN FINANCIAL GROUP CO LTD                     | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |     70006 | NS      | $2929204.67   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingnet Network Co Ltd                                             | KINGNET NETWORK CO LTD A                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    381900 | NS      | $841412.44    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Bora Pharmaceuticals Co., LTD.                                     | BORA PHARMACEUTICALS CO LTD                        | CUSIP: N/A<br>LEI: 254900MK7O5C2UX1SY03       | Long             | EC               | CORP              | TW        |     21000 | NS      | $534458.98    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD COMPANY LIMITED                                                | BYD CO LTD                                         | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |    111000 | NS      | $5516619.74   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Brava Energia S.A.                                                 | BRAVA ENERGIA                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    140726 | NS      | $465059.43    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ANE (Cayman) Inc                                                   | ANE CAYMAN INC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    688500 | NS      | $748535.83    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| MOSCOW EXCHANGE MICEX                                              | MOSCOW EXCHANGE MICEX                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |    196760 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PT Aneka Tambang Tbk                                               | ANEKA TAMBANG TBK                                  | CUSIP: N/A<br>LEI: 529900LRE2NALSSHMB80       | Long             | EC               | CORP              | ID        |   4640900 | NS      | $885400.76    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                                            | SBERBANK OF RUSSIA PJSC                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |    687954 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SHARKNINJA, INC.                                                   | SHARKNINJA INC                                     | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     11659 | NS      | $1071811.87   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA COMPUTER INC.                                               | QUANTA COMPUTER INC                                | CUSIP: N/A<br>LEI: 529900DE8BIV3XOXIK04       | Long             | EC               | CORP              | TW        |    395000 | NS      | $3495321.58   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyosung Heavy Industries Corporation                               | HYOSUNG HEAVY INDUSTRIES CORP                      | CUSIP: N/A<br>LEI: 988400IDLF9EQ95M0928       | Long             | EC               | CORP              | KR        |      2251 | NS      | $1007007.13   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Nedbank Group Limited                                              | NEDBANK GROUP LTD                                  | CUSIP: N/A<br>LEI: 3789009E42FA3CB31065       | Long             | EC               | CORP              | ZA        |    274520 | NS      | $3901621.90   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcadyan Technology Corporation                                    | ARCADYAN TECHNOLOGY CORP                           | CUSIP: N/A<br>LEI: 254900R5W61G3GO1Q067       | Long             | EC               | CORP              | TW        |     57000 | NS      | $402735.54    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte, S.A.B. de C.V.                           | GRUPO FINANCIERO BANORTE SAB DE CV                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    808437 | NS      | $7147698.80   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTUNE ELECTRIC CO., LTD                                          | FORTUNE ELECTRIC CO LTD                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     52800 | NS      | $792281.34    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ROSNEFT PJSC                                                       | ROSNEFT PJSC                                       | CUSIP: 67812M207<br>LEI: N/A                  | Long             |  | CORP              | RU        |    457159 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Beigene Ltd                                                        | BEIGENE LTD                                        | CUSIP: N/A<br>LEI: 549300JFUK6FRD5MH739       | Long             | EC               | CORP              | KY        |     60200 | NS      | $1148157.29   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| MOBILE TELESYSTEMS PJSC                                            | MOBILE TELESYSTEMS PJSC                            | CUSIP: 607409109<br>LEI: N/A                  | Long             |  | CORP              | RU        |    253826 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| 3SBio Inc.                                                         | 3SBIO INC                                          | CUSIP: N/A<br>LEI: 529900P0TQC1E9Y7FN31       | Long             | EC               | CORP              | KY        |    232000 | NS      | $557558.86    | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AGRICULTURAL BANK OF CHINA LIMITED                                 | AGRICULTURAL BANK OF CHINA LTD                     | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |   3208000 | NS      | $2055551.48   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| ZTO EXPRESS (CAYMAN) INC.                                          | ZTO EXPRESS CAYMAN INC                             | CUSIP: 98980A105<br>LEI: 549300SCJPK3YZJTJR78 | Long             |  | CORP              | KY        |     84115 | NS      | $1480424.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BIM BIRLESIK MAGAZALAR ANONIM SIRKETI                              | BIM BIRLESIK MAGAZALAR AS                          | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |    163340 | NS      | $1985643.90   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Beverage (Holdings) Co Ltd                         | CHINA RESOURCES BEVERAGE HOLDINGS CO LTD           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    275800 | NS      | $459754.22    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| NETCARE LIMITED                                                    | NETCARE LIMITED                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |   1969204 | NS      | $1654960.54   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Com7 PCL                                                           | COM7 PCL                                           | CUSIP: N/A<br>LEI: 984500C71C65E6KC5A42       | Long             |  | CORP              | TH        |    645200 | NS      | $390536.33    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MAHINDRA AND MAHINDRA LIMITED                                      | MAHINDRA MAHINDRA LTD                              | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |     60417 | NS      | $2104375.83   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Getac Holdings Corporation                                         | GETAC HOLDINGS CORP                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    188000 | NS      | $753592.35    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Gentera, S.A.B. de C.V.                                            | GENTERA SAB DE CV                                  | CUSIP: N/A<br>LEI: 4469000001ECOWXFNE33       | Long             | EC               | CORP              | MX        |    229125 | NS      | $451565.13    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencosud Shopping S.A.                                             | CENCOSUD SHOPPING SA                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CL        |    187520 | NS      | $383681.26    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AEGIS LOGISTICS LIMITED                                            | AEGIS LOGISTICS LTD                                | CUSIP: N/A<br>LEI: 335800R6OF8UV8J3G994       | Long             | EC               | CORP              | IN        |     55748 | NS      | $520065.88    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CIMC ENRIC HOLDINGS LIMITED                                        | CIMC ENRIC HOLDINGS LTD                            | CUSIP: N/A<br>LEI: 254900RKJGCDZN5ZOB09       | Long             | EC               | CORP              | KY        |    604000 | NS      | $463716.40    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Cencosud S.A.                                                      | CENCOSUD SA                                        | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |    257170 | NS      | $885496.26    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan SA                                                           | TITAN CEMENT INTERNATIONAL SA                      | CUSIP: N/A<br>LEI: 213800H2CDP9I374WH83       | Long             | EC               | CORP              | BE        |     24667 | NS      | $1119876.54   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIO S.A.                                                          | PETRO RIO SA                                       | CUSIP: N/A<br>LEI: 549300IQAZIWK5RVZX23       | Long             | EC               | CORP              | BR        |    276800 | NS      | $1885149.76   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CP All Public Company Limited                                      | CP ALL PCL                                         | CUSIP: N/A<br>LEI: 894500LSBZLM09TY1A91       | Long             |  | CORP              | TH        |    911200 | NS      | $1302484.33   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG SECURITIES CO.,LTD                                         | SAMSUNG SECURITIES CO LTD                          | CUSIP: N/A<br>LEI: 988400RBTJTHNUOHE716       | Long             | EC               | CORP              | KR        |     58062 | NS      | $2541207.41   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Cury Construtora e Incorporadora S.A.                              | CURY CONSTRUTORA E INCORPORADORA SA                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    209600 | NS      | $1050363.87   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Multiplan Empreendimentos Imobiliarios S.A.                        | MULTIPLAN EMPREENDIMENTOS IMOBILIARIOS SA          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    232900 | NS      | $1094639.37   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurisco Pharmaceutical Co., Ltd.                                   | AURISCO PHARMACEUTICAL CO LTD                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    247600 | NS      | $723404.89    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Galicia S.A.                                      | GRUPO FINANCIERO GALICIA SA                        | CUSIP: 399909100<br>LEI: 5299008H3AXIXV5G3C23 | Long             |  | CORP              | AR        |     16751 | NS      | $972395.55    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTEK LIMITED                                                     | MASTEK LTD                                         | CUSIP: N/A<br>LEI: 3358008UWPU8IOJ5I740       | Long             | EC               | CORP              | IN        |     15573 | NS      | $423653.87    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ALIOR BANK SPOLKA AKCYJNA                                          | ALIOR BANK SA                                      | CUSIP: N/A<br>LEI: 259400QHDOZWMJ103294       | Long             | EC               | CORP              | PL        |     13825 | NS      | $384425.44    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| KING YUAN ELECTRONICS CO., LTD.                                    | KING YUAN ELECTRONICS CO LTD                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    586000 | NS      | $1857120.73   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Arabian Centres Company SJSC                                       | ARABIAN CENTRES CO LTD                             | CUSIP: N/A<br>LEI: 8945006MT4ZZ5EBVCI56       | Long             | EC               | CORP              | SA        |     74640 | NS      | $393480.94    | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PT United Tractors Tbk                                             | UNITED TRACTORS TBK PT                             | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    583900 | NS      | $804156.12    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Telkom Indonesia (Persero) Tbk                                  | TELEKOMUNIKASI INDONESIA PERSERO TBK PT            | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Long             |  | CORP              | ID        |    123365 | NS      | $2115709.75   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Tres Tentos Agroindustrial S.A.                                    | TRES TENTOS AGROINDUSTRIAL S A                     | CUSIP: N/A<br>LEI: 549300QQ67YECUJQIV31       | Long             | EC               | CORP              | BR        |    157816 | NS      | $384943.99    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Kalbe Farma Tbk                                                 | KALBE FARMA TBK PT                                 | CUSIP: N/A<br>LEI: 529900PRQI8S32HOE387       | Long             | EC               | CORP              | ID        |   4876000 | NS      | $453093.65    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co., Ltd.                                              | MIDEA GROUP CO LTD                                 | CUSIP: Y6S40V103<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |    189200 | NS      | $2073177.58   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Health Tech. Co., Ltd.                                     | JOHNSON HEALTH TECH CO LTD                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    145000 | NS      | $709492.77    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLD CIRCUIT ELECTRONICS LTD.                                      | GOLD CIRCUIT ELECTRONICS LTD                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    125100 | NS      | $1064784.64   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| SINOPHARM GROUP CO. LTD.                                           | SINOPHARM GROUP CO LTD                             | CUSIP: N/A<br>LEI: 529900N54X78YH9JYK92       | Long             | EC               | CORP              | CN        |    953199 | NS      | $2297915.78   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| THE KARUR VYSYA BANK LIMITED                                       | KARUR VYSYA BANK LTD                               | CUSIP: N/A<br>LEI: 335800GFMDHTPWI6JP97       | Long             | EC               | CORP              | IN        |    605169 | NS      | $1569899.91   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| KRAFTON, Inc.                                                      | KRAFTON INC                                        | CUSIP: N/A<br>LEI: 988400CE024EWSCICK17       | Long             | EC               | CORP              | KR        |      4750 | NS      | $1269206.03   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Japfa Comfeed Indonesia Tbk.                                    | JAPFA COMFEED INDONESIA TBK PT                     | CUSIP: N/A<br>LEI: 549300VJMRP8O87R3147       | Long             | EC               | CORP              | ID        |   3104600 | NS      | $306031.63    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hugel, Inc.                                                        | HUGEL INC                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1848 | NS      | $443429.67    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanwha Vision Co Ltd                                               | HANWHA VISION CO LTD                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      3461 | NS      | $130495.81    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SUN PHARMACEUTICAL INDUSTRIES LIMITED                              | SUN PHARMACEUTICAL INDUSTRIES LTD                  | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               | CORP              | IN        |    112185 | NS      | $2202530.05   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Bank Rakyat Indonesia (Persero) Tbk                             | PT BANK RAKYAT INDONESIA                           | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |  17784846 | NS      | $4840438.96   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| YAGEO CORPORATION                                                  | YAGEO CORP                                         | CUSIP: N/A<br>LEI: 5493001P0TOZH7GGNQ21       | Long             | EC               | CORP              | TW        |    108704 | NS      | $1743369.61   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| PDD Holdings Inc.                                                  | PDD HOLDINGS INC                                   | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             |  | CORP              | KY        |     17628 | NS      | $1701278.28   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLSBERG BREWERY MALAYSIA BERHAD                                  | CARLSBERG BREWERY MALAYSIA B                       | CUSIP: N/A<br>LEI: 5493003SDA6PQJEKHM83       | Long             | EC               | CORP              | MY        |     78700 | NS      | $360935.75    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ASK Automotive Ltd                                                 | ASK AUTOMOTIVE LTD                                 | CUSIP: N/A<br>LEI: 335800JQETY6RD4Y6N79       | Long             | EC               | CORP              | IN        |    148949 | NS      | $787021.45    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| DPC Dash Ltd                                                       | DPC DASH LTD                                       | CUSIP: N/A<br>LEI: 254900OG7TEI5GQICO05       | Long             | EC               | CORP              | VG        |     71300 | NS      | $862371.45    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO DO ESTADO DO RIO GRANDE DO SUL S.A.                          | BANCO DO ESTADO DO RIO GRANDE DO SUL SA            | CUSIP: N/A<br>LEI: 254900W2BN097WLYIM20       | Long             | EC               | CORP              | BR        |    183000 | NS      | $384296.48    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENBRO MICOM CO., LTD.                                            | CHENBRO MICOM CO LTD                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     51000 | NS      | $537902.31    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| PSK INC.                                                           | PSK INC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     16035 | NS      | $211988.21    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Schlumberger N.V.                                                  | SCHLUMBERGER LTD                                   | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     44195 | NS      | $1460644.75   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| HISENSE HOME APPLIANCES GROUP CO., LTD.                            | HISENSE HOME APPLIANCES GROUP CO LTD               | CUSIP: N/A<br>LEI: 529900PRGESPUBUBN103       | Long             | EC               | CORP              | CN        |    337000 | NS      | $1109028.09   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Vegyeszeti Gyar Nyilvanosan Mukodo Rt.              | RICHTER GEDEON NYRT                                | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |     71550 | NS      | $2083748.54   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Marcopolo S.A.                                                     | MARCOPOLO SA                                       | CUSIP: N/A<br>LEI: 254900XL58LF2D2QUX37       | Long             | EC               | CORP              | BR        |    575720 | NS      | $729829.87    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN PAIHO LIMITED                                               | TAIWAN PAIHO LTD                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    155000 | NS      | $297977.84    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| DHANUKA AGRITECH LIMITED                                           | DHANUKA AGRITECH LTD                               | CUSIP: N/A<br>LEI: 335800E4DLZIC7MSG125       | Long             | EC               | CORP              | IN        |     38203 | NS      | $737121.50    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| POONGSAN CORPORATION                                               | POONGSAN CORP                                      | CUSIP: N/A<br>LEI: 2549007P08ZD5QJS1369       | Long             | EC               | CORP              | KR        |     17926 | NS      | $804889.70    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre, Inc.                                                 | MERCADOLIBRE INC                                   | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      2201 | NS      | $5641801.29   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NUVAMA WEALTH MANAGEMENT LIMITED                                   | NUVAMA WEALTH MANAGEMENT LTD                       | CUSIP: N/A<br>LEI: 3358002Y23HZBJW49C38       | Long             | EC               | CORP              | IN        |      6173 | NS      | $519917.83    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)                               | PETROLEO BRASILEIRO S A ADR                        | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             |  | CORP              | BR        |    348204 | NS      | $4018274.16   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes S.A.                                   | BB SEGURIDADE PARTICIPACOES SA                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    161600 | NS      | $1059889.84   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| 361 DEGREES INTERNATIONAL LIMITED                                  | 361 DEGREES INTERNATIONAL LTD                      | CUSIP: N/A<br>LEI: 2138008WRC2652IBSX12       | Long             | EC               | CORP              | KY        |    835000 | NS      | $457545.84    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Netease Cloud Music Inc                                            | NETEASE CLOUD MUSIC INC                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     35900 | NS      | $965281.39    | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                               | HSBC US GOVT MMKT-I                                | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    262665 | NS      | $262664.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ELECON ENGINEERING COMPANY LIMITED                                 | ELECON ENGINEERING CO LTD                          | CUSIP: N/A<br>LEI: 335800H65LT1IKZEIF87       | Long             | EC               | CORP              | IN        |     88343 | NS      | $686557.66    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA HONGQIAO GROUP LIMITED                                       | CHINA HONGQIAO GROUP LTD                           | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |    521500 | NS      | $926711.56    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Phison Electronics Corp.                                           | PHISON ELECTRONICS CORP                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     29000 | NS      | $484069.60    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SBERBANK OF RUSSIA ADR                                             | SBERBANK OF RUSSIA ADR                             | CUSIP: 80585Y308<br>LEI: N/A                  | Long             |  | CORP              | RU        |    329652 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BHARAT ELECTRONICS LIMITED                                         | BHARAT ELECTRONICS LTD                             | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |    350654 | NS      | $1579444.89   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| ALINMA BANK SJSC                                                   | ALINMA BANK                                        | CUSIP: N/A<br>LEI: 558600HPAUTN6XSVBK93       | Long             | EC               | CORP              | SA        |    571459 | NS      | $3937802.67   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| EMBRAER S.A.                                                       | EMBRAER SA                                         | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             |  | CORP              | BR        |     23676 | NS      | $1088859.24   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Riyadh Cables Group Company SJSC                                   | RIYADH CABLES GROUP CO                             | CUSIP: N/A<br>LEI: 558600VWEJBGFYTZ1S78       | Long             | EC               | CORP              | SA        |     37019 | NS      | $1370185.21   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| WuXi XDC Cayman Inc                                                | WUXI XDC CAYMAN INC                                | CUSIP: N/A<br>LEI: 549300BV0TP5RVPBYO24       | Long             | EC               | CORP              | KY        |    179000 | NS      | $909771.81    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| BIZLINK HOLDING INC.                                               | BIZLINK HOLDING INC                                | CUSIP: N/A<br>LEI: 213800YAKRFVU5XOX138       | Long             | EC               | CORP              | KY        |     52000 | NS      | $1092058.37   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| EMAAR PROPERTIES (P.J.S.C)                                         | EMAAR PROPERTIES PJSC                              | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |    438461 | NS      | $1570279.24   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                                     | OTP BANK PLC                                       | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |     44482 | NS      | $3377236.86   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKI SPOLKA AKCYJNA            | PKO BANK POLSKI SA                                 | CUSIP: N/A<br>LEI: P4GTT6GF1W40CVIMFR43       | Long             | EC               | CORP              | PL        |    122361 | NS      | $2463409.42   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Conant Optical Co Ltd                                     | SHANGHAI CONANT OPTICAL CO LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    174500 | NS      | $659267.37    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM S.A.                                                           | TIM SA BRAZIL                                      | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |    321700 | NS      | $1096314.63   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LIMITED                                                        | SEA LTD ADR                                        | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             |  | CORP              | KY        |      9539 | NS      | $1529769.43   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Foxconn Industrial Internet Co., Ltd.                              | FOXCONN INDUSTRIAL INTERNET CO LTD                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    248400 | NS      | $649805.41    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| China Airlines Ltd.                                                | CHINA AIRLINES LTD                                 | CUSIP: N/A<br>LEI: 25490032B2A0G6D0JP27       | Long             | EC               | CORP              | TW        |    463000 | NS      | $338932.35    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ELITE MATERIAL CO., LTD.                                           | ELITE MATERIAL CO LTD                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    107000 | NS      | $2628992.68   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Tripod Technology Corporation                                      | TRIPOD TECHNOLOGY CORP                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     98000 | NS      | $692121.50    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Cyrela Brazil Realty S.A. Empreendimentos e Participacoes          | CYRELA BRAZIL REALTY SA EMPREENDIMENTOS E PARTICIP | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     98900 | NS      | $431804.48    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GDS HOLDINGS LIMITED                                               | GDS HOLDINGS LTD                                   | CUSIP: N/A<br>LEI: 391200MGV8DDCHTN2R77       | Long             | EC               | CORP              | KY        |    168200 | NS      | $498115.63    | 0.09%             |  |  |  | No            |                  2 | On Loan: —       |
| DB INSURANCE CO.,LTD                                               | DB INSURANCE CO LTD                                | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |     12920 | NS      | $941960.62    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Sumber Alfaria Trijaya Tbk                                      | SUMBER ALFARIA TRIJAYA TBK PT                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   4158500 | NS      | $620646.40    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Firstsource Solutions Limited                                      | FIRSTSOURCE SOLUTIONS LTD                          | CUSIP: N/A<br>LEI: 335800UFBBNPDIZWQX32       | Long             | EC               | CORP              | IN        |    113232 | NS      | $491595.05    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| HENGAN INTERNATIONAL GROUP COMPANY LIMITED                         | HENGAN INTERNATIONAL GROUP CO LIMITED              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    433500 | NS      | $1170865.27   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                       | TAIWAN SEMICONDUCTOR MANUFACTU                     | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   1520000 | NS      | $48492651.22  | 8.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Genius Electronic Optical Co Ltd                                   | GENIUS ELECTRONIC OPTICAL CO LTD                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     35000 | NS      | $454188.63    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| GAZPROM PJSC                                                       | GAZPROM PJSC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |   1087480 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MALAYAN CEMENT BERHAD                                              | MALAYAN CEMENT BHD                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    626500 | NS      | $744465.78    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Chongqing Rural Commercial Bank Co., Ltd.                          | CHONGQING RURAL COMMERCIAL H                       | CUSIP: N/A<br>LEI: 300300C1126750000027       | Long             | EC               | CORP              | CN        |   2120000 | NS      | $1747391.23   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco do Brasil S.A.                                               | BANCO DO BRASIL SA                                 | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |    498090 | NS      | $2039703.41   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ZENSAR TECHNOLOGIES LIMITED                                        | ZENSAR TECHNOLOGIES LTD                            | CUSIP: N/A<br>LEI: 335800SK9CAQHM1TJC97       | Long             | EC               | CORP              | IN        |     57327 | NS      | $558983.73    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA CONSTRUCTION BANK CORPORATION                                | CHINA CONSTRUCTION BANK CORP                       | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |   9870000 | NS      | $8824761.90   | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| FUYAO GLASS INDUSTRY GROUP CO., LTD.                               | FUYAO GLASS INDUSTRY GROUP CO LTD                  | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | CN        |     76700 | NS      | $617269.42    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Bank Mandiri (Persero) Tbk                                      | PT BANK MANDIRI PERSERO TBK                        | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |  11387980 | NS      | $3701095.39   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Telecom Company SJSC                                         | SAUDI TELECOM CO                                   | CUSIP: M8T596104<br>LEI: 21380028ATJ79OTA9W17 | Long             | EC               | CORP              | SA        |    311840 | NS      | $3480664.44   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Vibra Energia S.A.                                                 | VIBRA ENERGIA SA                                   | CUSIP: N/A<br>LEI: 549300U7VLJ3SYVNY689       | Long             | EC               | CORP              | BR        |    709856 | NS      | $2504746.21   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LIMITED                                                 | ICICI BANK LTD                                     | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             |  | CORP              | IN        |    331498 | NS      | $11350491.52  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tung Ho Steel Enterprise Corp.                                     | TUNG HO STEEL ENTERPRISE CORP                      | CUSIP: N/A<br>LEI: 5299003755GCQVWX5K49       | Long             | EC               | CORP              | TW        |    622000 | NS      | $1334473.64   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| GCC, S.A.B. de C.V                                                 | GRUPO CEMENTOS DE CHIHUAHUA SAB DE CV              | CUSIP: N/A<br>LEI: 254900WY9XL8033CKX68       | Long             | EC               | CORP              | MX        |     85435 | NS      | $794660.17    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PEGASUS HAVA TASIMACILIGI ANONIM SIRKETI                           | PEGASUS HAVA TASIMACILIGI AS                       | CUSIP: N/A<br>LEI: 789000B1MW5PQ58A8T03       | Long             | EC               | CORP              | TR        |    135884 | NS      | $837105.20    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUATORIAL S.A.                                                    | EQUATORIAL ENERGIA SA ORD                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     74800 | NS      | $479344.65    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcos Dorados Holdings Inc.                                        | ARCOS DORADOS HOLDINGS INC                         | CUSIP: G0457F107<br>LEI: 54930023P2MIZN13DQ85 | Long             | EC               | CORP              | VG        |    117847 | NS      | $873246.27    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ITC Hotels Ltd                                                     | ITC HOTELS LTD                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IN        |    207166 | NS      | $523861.08    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SAGILITY INDIA LIMITED                                             | SAGILITY INDIA LTD                                 | CUSIP: N/A<br>LEI: 9845009870B757E1WA45       | Long             | EC               | CORP              | IN        |   1260989 | NS      | $583311.78    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SHREE DIGVIJAY CEMENT CO LIMITED                                   | SHREE DIGVIJAY CEMENT CO LTD                       | CUSIP: N/A<br>LEI: 3358005D8W33ARVC2Q20       | Long             | EC               | CORP              | IN        |   1598682 | NS      | $1544091.57   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| BHARTI AIRTEL LIMITED                                              | BHARTI AIRTEL LTD                                  | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |     52311 | NS      | $1136494.03   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares MSCI Emerging Markets Small-Cap ETF                        | ISHARES MSCI EMERGING MKT SM                       | CUSIP: 464286475<br>LEI: N/A                  | Long             |  | RF                | US        |     17423 | NS      | $1068770.38   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola FEMSA, S.A.B. de C.V.                                    | COCA COLA FEMSA ADR                                | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             |  | CORP              | MX        |     12536 | NS      | $1190920.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                              | INVESCO GVT & AGNCY-INST                           | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    262665 | NS      | $262664.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co., Ltd.                                      | SAMSUNG ELECTRONICS CO LTD                         | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    401407 | NS      | $16294072.61  | 2.99%             |  |  |  | No            |                  2 | On Loan: No      |
| GS Holdings Corp.                                                  | GS HOLDINGS CORP                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     54098 | NS      | $1705003.65   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| HD KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO., LTD.             | HD KOREA SHIPBUILDING OFFSHORE ENGINEERING CO LT   | CUSIP: N/A<br>LEI: 988400DPTJ9KH5R6W540       | Long             | EC               | CORP              | KR        |      6230 | NS      | $1424230.16   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| J. KUMAR INFRAPROJECTS LIMITED                                     | J KUMAR INFRAPROJECTS LTD                          | CUSIP: N/A<br>LEI: 33580016NIMGU988MM71       | Long             | EC               | CORP              | IN        |    103409 | NS      | $856485.59    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Limited                                                | GOLD FIELDS LTD                                    | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | ZA        |     76172 | NS      | $1741518.95   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| R R KABEL LIMITED                                                  | RR KABEL LTD                                       | CUSIP: N/A<br>LEI: 3358009R2X3MLNJQ9B10       | Long             | EC               | CORP              | IN        |     33972 | NS      | $566890.92    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| HANWHA AEROSPACE CO., LTD.                                         | HANWHA AEROSPACE CO LTD                            | CUSIP: N/A<br>LEI: 9884001NSUA8FQKQWR25       | Long             | EC               | CORP              | KR        |      2557 | NS      | $1500035.96   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Cemex, S.A.B. de C.V.                                              | CEMEX DA ADR                                       | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             |  | CORP              | MX        |    299173 | NS      | $2049335.05   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| YUTONG BUS CO., LTD.                                               | YUTONG BUS CO LTD                                  | CUSIP: N/A<br>LEI: 300300OMPRVW0Q75F037       | Long             | EC               | CORP              | CN        |    108800 | NS      | $372865.11    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Leeno Industrial Inc                                               | LEENO INDUSTRIAL INC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     12654 | NS      | $361924.79    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CASTROL INDIA LIMITED                                              | CASTROL INDIA LTD                                  | CUSIP: N/A<br>LEI: 335800KCNMKXQFPJ5Q28       | Long             | EC               | CORP              | IN        |    323898 | NS      | $819597.44    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Vista Energy, S.A.B. de C.V.                                       | VISTA OIL GAS SAB DE CV ADR                        | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             |  | CORP              | MX        |     11568 | NS      | $572963.04    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BAJAJ FINANCE LIMITED                                              | BAJAJ FINANCE LTD                                  | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               | CORP              | IN        |     10566 | NS      | $1135246.88   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| STRIDES PHARMA SCIENCE LIMITED                                     | STRIDES PHARMA SCIENCE LTD                         | CUSIP: N/A<br>LEI: 335800WHFYXUCHR9DD10       | Long             | EC               | CORP              | IN        |     49933 | NS      | $473635.70    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co., Ltd.                                     | CHINA MERCHANTS BANK CO LTD                        | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |    971000 | NS      | $6011929.53   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| TravelSky Technology Limited                                       | TRAVELSKY TECHNOLOGY LTD                           | CUSIP: N/A<br>LEI: 5299007TAWP4DZ6QFG73       | Long             | EC               | CORP              | CN        |    361000 | NS      | $512042.86    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Bls International Services Ltd                                     | BLS INTERNATIONAL SERVICES LTD                     | CUSIP: N/A<br>LEI: 335800SN9BX5PUTSHV77       | Long             | EC               | CORP              | IN        |    155382 | NS      | $739838.86    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ELECTROSTEEL CASTINGS LTD                                          | ELECTROSTEEL CASTINGS LTD                          | CUSIP: N/A<br>LEI: 335800DDVQAEARL92E53       | Long             | EC               | CORP              | IN        |    325460 | NS      | $391589.42    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co., Ltd.                                   | ASE TECHNOLOGY HOLDING ADR                         | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             |  | CORP              | TW        |    320730 | NS      | $3008447.40   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HINDALCO INDUSTRIES LIMITED                                        | HINDALCO INDUSTRIES LTD                            | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |    426941 | NS      | $3167790.48   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| T&L Co Ltd                                                         | T L CO LTD                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     14112 | NS      | $641321.17    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| TIANSHAN ALUMINUM GROUP CO., LTD.                                  | TIANSHAN ALUMINUM GROUP CO LTD                     | CUSIP: N/A<br>LEI: 300300VE52AL1GWYFN04       | Long             | EC               | CORP              | CN        |    797300 | NS      | $851468.40    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| KIWOOM Securities Co., Ltd.                                        | KIWOOM SECURITIES CO LTD                           | CUSIP: N/A<br>LEI: 988400O27CNGJA2QWJ18       | Long             | EC               | CORP              | KR        |     17430 | NS      | $2051190.84   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Sansiri Public Company Limited                                     | SANSIRI PCL NVDR                                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | TH        |   6926500 | NS      | $282671.29    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ALIVUS LIFE SCIENCES LIMITED                                       | ALIVUS LIFE SCIENCES LTD                           | CUSIP: N/A<br>LEI: 335800RYVA1DKP696G32       | Long             | EC               | CORP              | IN        |     32489 | NS      | $395540.61    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN HON CHUAN ENTERPRISE CO.,LTD.                               | TAIWAN HON CHUAN ENTERPRISE CO LTD                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    334000 | NS      | $1625551.86   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| LPP SPOLKA AKCYJNA                                                 | LPP SA                                             | CUSIP: N/A<br>LEI: 259400NUS7MKGPJL4752       | Long             | EC               | CORP              | PL        |       537 | NS      | $2071076.10   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Magyar Telekom Tavkozlesi Nyilvanosan Mukodo Reszvenytarsasag      | MAGYAR TELEKOM TELECOMMUNICATIONS PLC              | CUSIP: N/A<br>LEI: 529900CA1YDA41X76751       | Long             | EC               | CORP              | HU        |    159137 | NS      | $791706.81    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| TENCENT MUSIC ENTERTAINMENT GROUP                                  | TENCENT MUSIC ENTERTAINMENT                        | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             |  | CORP              | KY        |     83370 | NS      | $1403950.80   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| China Jinmao Holdings Group Limited                                | CHINA JINMAO HOLDINGS GROUP LTD                    | CUSIP: N/A<br>LEI: 3003000CW9WBO3PJ7R66       | Long             | EC               | CORP              | HK        |   1872000 | NS      | $253924.39    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Anhui Expressway Company Limited                                   | ANHUI EXPRESSWAY CO LTD                            | CUSIP: N/A<br>LEI: 529900UGCN9D11VHIL29       | Long             | EC               | CORP              | CN        |    576000 | NS      | $896525.87    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Ciputra Development Tbk                                         | PT CIPUTRA DEVELOPMENT TBK                         | CUSIP: N/A<br>LEI: 2549000JMJUYB9U5Y204       | Long             | EC               | CORP              | ID        |   9295500 | NS      | $560106.19    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MPI CORPORATION                                                    | MPI CORP                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     19000 | NS      | $496599.56    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| VEDANTA LIMITED                                                    | VEDANTA LTD                                        | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |    239778 | NS      | $1223139.20   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| MANGALORE REFINERY AND PETROCHEMICALS LIMITED                      | MANGALORE REFINERY AND PETROCHEMICALS LIMITED      | CUSIP: N/A<br>LEI: 335800IFZW2UY8KC5H11       | Long             | EC               | CORP              | IN        |    210624 | NS      | $355094.74    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Luxshare Precision Industry Co., Ltd.                              | LUXSHARE PRECISION INDUSTRY CO LTD                 | CUSIP: N/A<br>LEI: 300300QLLDUELXN16530       | Long             | EC               | CORP              | CN        |    221200 | NS      | $928267.40    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Energy Solution Holding Co Ltd                            | ADVANCED ENERGY SOLUTION HOLDING CO LTD            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     24000 | NS      | $810523.09    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ANHUI CONCH CEMENT COMPANY LIMITED                                 | ANHUI CONCH CEMENT CO LTD                          | CUSIP: N/A<br>LEI: 300300JVKW56SSAEQZ33       | Long             | EC               | CORP              | CN        |    655000 | NS      | $1702193.60   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| OCI Holdings Company Ltd.                                          | OCI CO LTD                                         | CUSIP: N/A<br>LEI: 988400XZQA7CG16LDK87       | Long             | EC               | CORP              | KR        |      3746 | NS      | $192356.77    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc.                                                      | MEDIATEK INC                                       | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |    181000 | NS      | $7433713.14   | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPEQ MANUFACTURING CO., LTD.                                     | COMPEQ MANUFACTURING CO LTD                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    514000 | NS      | $1030218.23   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Smartfit Escola de Ginastica e Danca S.A.                          | SMARTFIT ESCOLA DE GINASTICA E DANCA SA            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    193400 | NS      | $811934.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TONG YANG INDUSTRY CO., LTD                                        | TONG YANG INDUSTRY                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    535000 | NS      | $2308463.43   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Lenovo Group Limited                                               | LENOVO GROUP LTD                                   | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | HK        |   1176000 | NS      | $1342577.42   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI MOBIS CO.,LTD                                              | HYUNDAI MOBIS                                      | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |      8889 | NS      | $1630088.16   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| VALE S.A.                                                          | VALE SA ADR                                        | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             |  | CORP              | BR        |    170575 | NS      | $1557349.75   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Vivara Participacoes SA                                            | VIVARA PARTICIPACOES SA                            | CUSIP: P98017109<br>LEI: 254900KO2WRLAVSJDR42 | Long             | EC               | CORP              | BR        |    133400 | NS      | $606225.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rede D'Or Sao Luiz S.A.                                            | REDE D OR SAO LUIZ SA                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    203900 | NS      | $1346950.04   | 0.25%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CHINA PACIFIC INSURANCE (GROUP) CO., LTD.                          | CHINA PACIFIC INSURANCE GROUP CO LTD               | CUSIP: N/A<br>LEI: 529900BA5ILEL308WX03       | Long             | EC               | CORP              | CN        |    599800 | NS      | $1863514.63   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Gunkul Engineering Public Company Limited                          | GUNKUL ENGINEERING PCL                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | TH        |   7759800 | NS      | $344433.25    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico, S.A.B. de C.V.                                       | GRUPO MEXICO SAB DE CV SERIES B                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    313881 | NS      | $1721150.81   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| E-MART Inc.                                                        | E MART INC                                         | CUSIP: N/A<br>LEI: 988400SAX0Q74FRA9981       | Long             | EC               | CORP              | KR        |      6683 | NS      | $441592.05    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Douzone Bizon Co Ltd                                               | DOUZONE BIZON CO LTD                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     11626 | NS      | $468086.35    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| United Electronics Company JSC                                     | UNITED ELECTRONICS CO                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |    111355 | NS      | $2578177.10   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Gushengtang Holdings Ltd                                           | GUSHENGTANG HOLDINGS LTD                           | CUSIP: N/A<br>LEI: 836800LYCK3DFA0MYX90       | Long             | EC               | CORP              | KY        |    130010 | NS      | $606713.32    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc.                                                      | SK HYNIX INC                                       | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |     77345 | NS      | $11413381.87  | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNTECK REALTY LIMITED                                             | SUNTECK REALTY LTD                                 | CUSIP: N/A<br>LEI: 335800TFT4V77I31F853       | Long             | EC               | CORP              | IN        |     92971 | NS      | $451979.21    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SECURITY BANK CORPORATION                                          | SECURITY BANK CORP                                 | CUSIP: N/A<br>LEI: 549300JSVDZIR2CPTP95       | Long             | EC               | CORP              | PH        |    315300 | NS      | $361475.75    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Gree Electric Appliances, Inc. of Zhuhai                           | GREE ELECTRIC APPLIANCES I A                       | CUSIP: N/A<br>LEI: 655600UY069MU9JRAN62       | Long             | EC               | CORP              | CN        |    207799 | NS      | $1337437.45   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Wonik Materials Co Ltd                                             | WONIK MATERIALS CO LTD                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     25073 | NS      | $370061.62    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| HANWHA AEROSPACE CO RTS                                            | HANWHA AEROSPACE CO RTS                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KR        |       185 | NS      | $17035.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED                      | CROMPTON GREAVES CONSUMER EL                       | CUSIP: N/A<br>LEI: 335800DIIEEWMH3UDH51       | Long             | EC               | CORP              | IN        |    242660 | NS      | $1002132.31   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| HOME FIRST FINANCE COMPANY INDIA LIMITED                           | HOME FIRST FINANCE CO INDIA LTD                    | CUSIP: N/A<br>LEI: 335800LHIN24IFBBN535       | Long             | EC               | CORP              | IN        |     43489 | NS      | $648865.03    | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ZHEJIANG SANHUA INTELLIGENT CONTROLS CO.,LTD.                      | ZHEJIANG SANHUA INTELLIGENT CONTROLS CO LTD        | CUSIP: N/A<br>LEI: 8368003UTQ4F88XERZ23       | Long             | EC               | CORP              | CN        |    116300 | NS      | $416256.83    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKIYE SIGORTA ANONIM SIRKETI                                     | TURKIYE SIGORTA AS                                 | CUSIP: N/A<br>LEI: 789000O7DB1JKMXK2Q45       | Long             | EC               | CORP              | TR        |   1595188 | NS      | $671797.87    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| XIAOMI CORPORATION                                                 | XIAOMI CORP                                        | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | KY        |    608400 | NS      | $3916374.51   | 0.72%             |  |  |  | Yes           |                  2 | On Loan: No      |
| China Tower Corporation Limited                                    | CHINA TOWER CORP LTD                               | CUSIP: N/A<br>LEI: 300300T6BNNP0L7O7H91       | Long             | EC               | CORP              | CN        |    338134 | NS      | $500722.98    | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LOTES CO., LTD                                                     | LOTES CO LTD                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     21000 | NS      | $897069.04    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| UNILEVER PLC                                                       | UNILEVER PLC                                       | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     37519 | NS      | $2390018.14   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Just Dial Ltd                                                      | JUST DIAL LTD                                      | CUSIP: N/A<br>LEI: 894500VMGYJE9GSAZ158       | Long             | EC               | CORP              | IN        |     38254 | NS      | $397198.73    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| J B CHEMICALS AND PHARMACEUTICALS LIMITED                          | JB CHEMICALS PHARMACEUTICALS LTD                   | CUSIP: N/A<br>LEI: 335800EZQUJ9BB5YBV04       | Long             | EC               | CORP              | IN        |     26637 | NS      | $521632.16    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyosung TNC Corporation                                            | HYOSUNG TNC CO LTD                                 | CUSIP: N/A<br>LEI: 988400BL3EUWYB39P076       | Long             | EC               | CORP              | KR        |      2013 | NS      | $354332.07    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Company Limited                                         | PETROCHINA CO LTD                                  | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   2336000 | NS      | $1955032.55   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance (Group) Company of China, Ltd.                   | PING AN INSURANCE GROUP CO OF CHINA LTD            | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |    894500 | NS      | $5224533.38   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD.                                                   | SANDS CHINA LTD                                    | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               | CORP              | KY        |    540400 | NS      | $1054833.72   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD BANK GROUP LIMITED                                        | STANDARD BANK GROUP LTD                            | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               | CORP              | ZA        |    206587 | NS      | $2680980.02   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| FALABELLA S.A.                                                     | FALABELLA SA                                       | CUSIP: N/A<br>LEI: 5493004CKJQ7H391LM41       | Long             | EC               | CORP              | CL        |    648524 | NS      | $3095765.87   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| OBEROI REALTY LIMITED                                              | OBEROI REALTY LTD                                  | CUSIP: N/A<br>LEI: 335800TCKG1XQXN51L44       | Long             | EC               | CORP              | IN        |     23763 | NS      | $485752.96    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED                         | NIPPON LIFE INDIA ASSET MANAGEMENT LTD             | CUSIP: N/A<br>LEI: 335800ZQXV958RZSRU89       | Long             | EC               | CORP              | IN        |    111679 | NS      | $968397.92    | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SOOP CO., LTD.                                                     | SOOP CO LTD                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     10313 | NS      | $632396.83    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI GLOVIS Co., LTD.                                           | HYUNDAI GLOVIS CO LTD                              | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |      4746 | NS      | $389608.23    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| POWER GRID CORPORATION OF INDIA LIMITED                            | POWER GRID CORP OF INDIA LTD                       | CUSIP: N/A<br>LEI: 3358009SHWZ3DZEQ4Z56       | Long             | EC               |  | IN        |    717624 | NS      | $2433654.53   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| MAHARASHTRA SEAMLESS LIMITED                                       | MAHARASHTRA SEAMLESS LTD                           | CUSIP: N/A<br>LEI: 3358005CN9WUZJFMHV66       | Long             | EC               | CORP              | IN        |     73712 | NS      | $596962.44    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Corporacion Inmobiliaria Vesta, S.A.B. de C.V.                     | CORP INMOBILIARIA VESTA SAB                        | CUSIP: N/A<br>LEI: 4469000001BIRIFZJ959       | Long             | EC               | CORP              | MX        |    345691 | NS      | $996810.21    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Moil Ltd                                                           | MOIL LTD                                           | CUSIP: N/A<br>LEI: 335800KIMZB1TBYBFI12       | Long             | EC               | CORP              | IN        |    197218 | NS      | $872027.37    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP     | CIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO    | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19       | Long             | EC               | CORP              | BR        |     64500 | NS      | $1323811.44   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                                         | MSILF GOVERNMENT-INST                              | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    262665 | NS      | $262664.58    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co., Ltd.                                   | ASE TECHNOLOGY HOLDING CO LTD                      | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |    591000 | NS      | $2689690.83   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| MINTH GROUP LIMITED                                                | MINTH GROUP LTD                                    | CUSIP: N/A<br>LEI: 254900B2AH0G13K9G204       | Long             | EC               | CORP              | KY        |    210000 | NS      | $565435.73    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| TRUWORTHS INTERNATIONAL LIMITED                                    | TRUWORTHS INTERNATIONAL LTD                        | CUSIP: N/A<br>LEI: 37890099AFD770037522       | Long             | EC               | CORP              | ZA        |     91543 | NS      | $373674.12    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITEC BANK HOLDINGS LIMITED                                      | CAPITEC BANK HOLDINGS LTD                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |     15026 | NS      | $2880524.01   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT EXPLORATION AND PRODUCTION PUBLIC COMPANY LIMITED              | PTT EXPLORATION PRODUCTION PCL                     | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             |  | CORP              | TH        |    380500 | NS      | $1133923.64   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Ever Sunshine Services Group Ltd                                   | CIFI EVER SUNSHINE SERVICES                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   2592000 | NS      | $625536.72    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| WELSPUN CORP LIMITED                                               | WELSPUN CORP LTD                                   | CUSIP: N/A<br>LEI: 335800XKRIPYYRZNRQ31       | Long             | EC               | CORP              | IN        |    143707 | NS      | $1576269.24   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsingtao Brewery Company Limited                                   | TSINGTAO BREWERY CO LTD                            | CUSIP: N/A<br>LEI: 300300OJ7D0Q1ESE8L15       | Long             | EC               | CORP              | CN        |    180000 | NS      | $1245266.62   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| CMS Info Systems Ltd                                               | CMS INFO SYSTEMS LTD                               | CUSIP: N/A<br>LEI: 335800CJKQ8UKRCDKY63       | Long             | EC               | CORP              | IN        |    122680 | NS      | $705784.40    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| JUMBO S.A.                                                         | JUMBO SA                                           | CUSIP: X4114P111<br>LEI: 549300TGIVUUMY40MZ05 | Long             | EC               | CORP              | GR        |     12511 | NS      | $406423.62    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| AIRTAC INTERNATIONAL GROUP                                         | AIRTAC INTERNATIONAL GROUP                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     82344 | NS      | $2527442.60   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Adaro Minerals Indonesia Tbk                                    | ADARO MINERALS INDONESIA TBK PT                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   7369900 | NS      | $465946.91    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A.                    | OPAP SA                                            | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     92834 | NS      | $1995957.21   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| INFOSYS LIMITED                                                    | INFOSYS LTD                                        | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             |  | CORP              | IN        |    160216 | NS      | $2914329.04   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG S.A.                                                           | WEG SA                                             | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               | CORP              | BR        |    149800 | NS      | $1109270.69   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CONVERGE INFORMATION AND COMMUNICATIONS TECHNOLOGY SOLUTIONS, INC. | CONVERGE INFORMATION AND COMMUNICATIONS TECHNOLOGY | CUSIP: N/A<br>LEI: 254900CGJPNECN6ENN96       | Long             | EC               | CORP              | PH        |   1387100 | NS      | $501272.24    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SANTAM LIMITED                                                     | SANTAM LIMITED                                     | CUSIP: N/A<br>LEI: 37890092DC55C7D94B35       | Long             | EC               | CORP              | ZA        |     22305 | NS      | $520390.53    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| HENAN PINGGAO ELECTRIC CO.,LTD                                     | HENAN PINGGAO ELECTRIC CO LTD                      | CUSIP: N/A<br>LEI: 300300PSM0I8NOJ2Y515       | Long             | EC               | CORP              | CN        |    357800 | NS      | $762247.67    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Cartrade Tech Ltd                                                  | CARTRADE TECH LTD                                  | CUSIP: N/A<br>LEI: 984500F5CDO5D86C1326       | Long             | EC               | CORP              | IN        |     35239 | NS      | $640318.54    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND                     | GLDMN SCHS FIN SQ GV-FST                           | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    262665 | NS      | $262664.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS BANK LIMITED                                                  | AXIS BANK LTD                                      | CUSIP: N/A<br>LEI: 549300HVNWMJPOFVNI41       | Long             | EC               | CORP              | IN        |    107705 | NS      | $1502824.73   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| THE FOSCHINI GROUP LIMITED                                         | FOSCHINI GROUP LTD THE                             | CUSIP: N/A<br>LEI: 3789PTO7LG718IG59F97       | Long             | EC               | CORP              | ZA        |    271216 | NS      | $2026684.59   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Copa Holdings, S.A.                                                | COPA HOLDINGS SA                                   | CUSIP: P31076105<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | PA        |      9943 | NS      | $1071656.54   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie Mexico Real Estate Management SA de CV                   | MEXICO REAL ESTATE MANAGEMENT                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    265652 | NS      | $436294.53    | 0.08%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PharmaResearch Co., Ltd.                                           | PHARMARESEARCH CO LTD                              | CUSIP: N/A<br>LEI: 988400WCI2SXC6H7SG23       | Long             | EC               | CORP              | KR        |      2865 | NS      | $934659.52    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| MEGA FIRST CORPORATION BERHAD                                      | MEGA FIRST CORP BHD                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    482900 | NS      | $429770.82    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| THE UNITED LABORATORIES INTERNATIONAL HOLDINGS LIMITED             | UNITED LABORATORIES INTERNATIONAL                  | CUSIP: N/A<br>LEI: 2549007JL3XIH77JXN70       | Long             | EC               | CORP              | KY        |    416000 | NS      | $773706.73    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| AIR ARABIA PJSC                                                    | AIR ARABIA PJSC                                    | CUSIP: N/A<br>LEI: 21380058Y5RCZI2HBX17       | Long             | EC               | CORP              | AE        |    928329 | NS      | $897078.97    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| China Communications Services Corporation Limited                  | CHINA COMMUNICATIONS SERVICES CORP LTD             | CUSIP: N/A<br>LEI: 529900JCDRVQE6YZKT86       | Long             | EC               | CORP              | CN        |    754000 | NS      | $433116.38    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| B3 S.A - Brasil, Bolsa, Balcao                                     | B3 SA BRASIL BOLSA BALCAO                          | CUSIP: N/A<br>LEI: 4GTK5S46E6H318LMDS44       | Long             | EC               | CORP              | BR        |    600800 | NS      | $1465468.34   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Asmedia Technology Inc                                             | ASMEDIA TECHNOLOGY INC                             | CUSIP: N/A<br>LEI: 529900CQG67FQMMNX678       | Long             | EC               | CORP              | TW        |      8000 | NS      | $508885.72    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ULTRATECH CEMENT LIMITED                                           | ULTRA TECH CEMENT LTD                              | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               | CORP              | IN        |     30492 | NS      | $4000525.50   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| KPJ HEALTHCARE BERHAD                                              | KPJ HEALTHCARE BERHAD                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   2501100 | NS      | $1597932.12   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| BOSIDENG INTERNATIONAL HOLDINGS LIMITED                            | BOSIDENG INTERNATIONAL HOLDINGS LTD                | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | KY        |   1830000 | NS      | $1022124.12   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Limited                                           | TENCENT HOLDINGS LTD                               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    349663 | NS      | $22044234.72  | 4.04%             |  |  |  | No            |                  2 | On Loan: No      |
| THE BIDVEST GROUP LIMITED                                          | BIDVEST GROUP LTD                                  | CUSIP: N/A<br>LEI: 5299002ARE4TRMIRGM72       | Long             | EC               | CORP              | ZA        |    113716 | NS      | $1543468.52   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| HD HYUNDAI ELECTRIC CO., LTD.                                      | HYUNDAI ELECTRIC ENERGY SYSTEMS CO LTD             | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               | CORP              | KR        |      6755 | NS      | $1850165.11   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| PAGSEGURO DIGITAL LTD.                                             | PAGSEGURO DIGITAL LTD                              | CUSIP: G68707101<br>LEI: 391200VY4YW47I4HGH62 | Long             | EC               | CORP              | KY        |    235301 | NS      | $2096531.91   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NEPI ROCKCASTLE N.V.                                               | NEPI ROCKCASTLE N V                                | CUSIP: N/A<br>LEI: 549300FMWM53K9ULYT15       | Long             | EC               | CORP              | NL        |    392094 | NS      | $3015414.44   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Genomma Lab Internacional, S.A.B. de C.V.                          | GENOMMA LAB INTERNACIONAL SAB DE CV                | CUSIP: N/A<br>LEI: 984500B7084AA76ACF85       | Long             | EC               | CORP              | MX        |    325155 | NS      | $377083.16    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| RATNAMANI METALS AND TUBES LIMITED                                 | RATNAMANI METALS TUBES LTD                         | CUSIP: N/A<br>LEI: 335800814OWZ2ALCNM51       | Long             | EC               | CORP              | IN        |     35924 | NS      | $1192699.80   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| MY E.G. SERVICES BERHAD                                            | MY EG SERVICES BHD                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   2768800 | NS      | $599618.98    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| KOLMAR KOREA CO.,LTD                                               | KOLMAR KOREA CO LTD                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      7807 | NS      | $469056.12    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Giant Biogene Holding Co Ltd                                       | GIANT BIOGENE HOLDING CO LTD                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    165800 | NS      | $1494223.94   | 0.27%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ONESOURCE SPECIALTY PHARMA LIMITED                                 | ONESOURCE SPECIALITY PHARMA LTD                    | CUSIP: N/A<br>LEI: 335800TP5C932B9IQT98       | Long             | EC               | CORP              | IN        |     22517 | NS      | $506568.79    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corporation                                                 | WIWYNN CORP                                        | CUSIP: Y9673D101<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |     16000 | NS      | $1259145.71   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| UPL LIMITED                                                        | UPL LTD                                            | CUSIP: N/A<br>LEI: 335800RJSM1SLHO4UA95       | Long             | EC               | CORP              | IN        |    261050 | NS      | $1919038.32   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| TRIP.COM GROUP LIMITED                                             | TRIP COM GROUP LTD                                 | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             |  | CORP              | KY        |     35169 | NS      | $2203337.85   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TERNIUM S.A.                                                       | TERNIUM SA                                         | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             |  | CORP              | LU        |     45797 | NS      | $1253921.86   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA WATER AFFAIRS GROUP LIMITED                                  | CHINA WATER AFFAIRS GROUP LIMITED                  | CUSIP: N/A<br>LEI: 529900XTSVH0DH4CEX74       | Long             | EC               | CORP              | BM        |    572000 | NS      | $444578.12    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| MOTIVA INFRAESTRUTURA DE MOBILIDADE S.A.                           | MOTIVA INFRAESTRUTURA DE MOBILIDADE SA             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    601520 | NS      | $1417791.19   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| HIKMA PHARMACEUTICALS PUBLIC LIMITED COMPANY                       | HIKMA PHARMACEUTICALS PLC                          | CUSIP: N/A<br>LEI: 549300BNS685UXH4JI75       | Long             | EC               | CORP              | GB        |     35037 | NS      | $1011163.44   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| WANT WANT CHINA HOLDINGS LIMITED                                   | WANT WANT CHINA HOLDINGS LTD                       | CUSIP: N/A<br>LEI: 5299005HZCEKX4O1J230       | Long             | EC               | CORP              | KY        |   1224000 | NS      | $785463.88    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| VA TECH WABAG LIMITED                                              | VA TECH WABAG LTD                                  | CUSIP: N/A<br>LEI: 335800GM4KXSX7LLLI83       | Long             | EC               | CORP              | IN        |     33338 | NS      | $635154.43    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| MEITUAN                                                            | MEITUAN                                            | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |    207100 | NS      | $3581811.58   | 0.66%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SAMSUNG E&A CO.,LTD                                                | SAMSUNG E A CO LTD                                 | CUSIP: N/A<br>LEI: 988400HDAY5KIVHGZ188       | Long             | EC               | CORP              | KR        |     27543 | NS      | $433543.79    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANJIN INTERNATIONAL GOLD CO LTD                                  | SHANJIN INTERNATIONAL GOLD CO LTD                  | CUSIP: Y1584S103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    433300 | NS      | $1187217.15   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT EXPLORATION AND PRODUCTION PUBLIC COMPANY LIMITED              | PTT EXPLORATION PROD FOR                           | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    285200 | NS      | $849921.81    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| KPIT Technologies Ltd                                              | KPIT TECHNOLOGIES LTD                              | CUSIP: N/A<br>LEI: 3358009MOTWWU66WMV49       | Long             | EC               | CORP              | IN        |     39100 | NS      | $612099.34    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Shuanghuan Driveline Co., Ltd.                            | ZHEJIANG SHUANGHUAN DRIVELINE CO LTD               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    180000 | NS      | $791590.76    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL ALUMINIUM CO LTD                                          | NATIONAL ALUMINIUM CO LTD                          | CUSIP: N/A<br>LEI: 335800OM1V78CX7SSC72       | Long             | EC               | CORP              | IN        |    358279 | NS      | $757016.85    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| H.G. INFRA ENGINEERING LIMITED                                     | HG INFRA ENGINEERING LTD                           | CUSIP: N/A<br>LEI: 335800BXKA7LBOYQWU84       | Long             | EC               | CORP              | IN        |     48139 | NS      | $631456.77    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| NETEASE, INC.                                                      | NETEASE INC                                        | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |    232700 | NS      | $5626420.73   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSPORT CORPORATION OF INDIA LIMITED                             | TRANSPORT CORP OF INDIA LTD                        | CUSIP: N/A<br>LEI: 3358002IVSDZYKSWCL91       | Long             | EC               | CORP              | IN        |     35672 | NS      | $468943.75    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| JB FINANCIAL GROUP CO.,LTD                                         | JB FINANCIAL GROUP CO LTD                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     81186 | NS      | $1109891.16   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| MAHANAGAR GAS LIMITED                                              | MAHANAGAR GAS LTD                                  | CUSIP: N/A<br>LEI: 3358001GYZI2KS7FHN90       | Long             | EC               | CORP              | IN        |     36037 | NS      | $558716.67    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| PAN AFRICAN RESOURCES PLC                                          | PAN AFRICAN RESOURCES PLC                          | CUSIP: N/A<br>LEI: 213800EAXURCXMX6RL85       | Long             | EC               | CORP              | GB        |   1949339 | NS      | $1189947.47   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Perusahaan Gas Negara Tbk                                       | PERUSAHAAN GAS NEGARA TBK PT                       | CUSIP: N/A<br>LEI: 549300OX1VFDX7ZPN240       | Long             | EC               | CORP              | ID        |   4368100 | NS      | $487053.43    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Nan Pao Resins Chemical Co Ltd                                     | NAN PAO RESINS CHEMICAL CO LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     32000 | NS      | $372962.55    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bairong Inc                                                        | BAIRONG INC                                        | CUSIP: N/A<br>LEI: 655600R1JGW8TTPKVN84       | Long             | EC               | CORP              | KY        |    306000 | NS      | $307930.21    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HUATAI SECURITIES CO.,LTD.                                         | HUATAI SECURITIES CO LTD                           | CUSIP: N/A<br>LEI: 3003009ABT0UCWO79Q77       | Long             | EC               | CORP              | CN        |    772100 | NS      | $1790464.00   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Kimberly-Clark de Mexico, S.A.B. de C.V.                           | KIMBERLY CLARK DE MEXICO SAB DE CV                 | CUSIP: N/A<br>LEI: 549300JGHL56QT00KT54       | Long             | EC               | CORP              | MX        |    932600 | NS      | $1656692.40   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGEL ONE LIMITED                                                  | ANGEL ONE LTD                                      | CUSIP: N/A<br>LEI: 3358003DRK7SFA3Q3214       | Long             | EC               | CORP              | IN        |     13585 | NS      | $482950.72    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CLASSYS Inc.                                                       | CLASSYS INC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     28494 | NS      | $1175636.26   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding S.A.                                         | ITAU UNIBANCO HOLDING SA                           | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             |  | CORP              | BR        |    669157 | NS      | $4409744.63   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ASELSAN ELEKTRONIK SANAYI VE TICARET ANONIM SIRKETI                | ASELSAN ELEKTRONIK SANAYI VE TICARET AS            | CUSIP: N/A<br>LEI: 7890008XT4M710MU8714       | Long             | EC               | CORP              | TR        |    279707 | NS      | $925783.28    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Awwal Bank SJSC                                              | SAUDI AWWAL BANK                                   | CUSIP: M8234F111<br>LEI: 558600TQS0WENZUC5190 | Long             | EC               | CORP              | SA        |    396101 | NS      | $3562868.96   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| KING SLIDE WORKS CO.,LTD                                           | KING SLIDE WORKS CO LTD                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     10000 | NS      | $670693.49    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ECO WORLD DEVELOPMENT GROUP BERHAD                                 | ECO WORLD DEVELOPMENT GROUP                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   1204900 | NS      | $537853.28    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CEAT LIMITED                                                       | CEAT LTD                                           | CUSIP: N/A<br>LEI: 3358007DPAGLLYGSGB80       | Long             | EC               | CORP              | IN        |     32229 | NS      | $1424240.49   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Lion Travel Service Co., Ltd.                                      | LION TRAVEL SERVICE CO LTD                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     94000 | NS      | $515934.59    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer