# EDGAR Filing Document

**Accession Number:** 0000313850
**File Stem:** 0000313850-26-000131
**Filing Date:** 2026-6
**Character Count:** 95226
**Document Hash:** 41cec9f8feed482cec73ec29c0069bae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000313850-26-000131.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0000313850-26-000131

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD TRUSTEES' EQUITY FUND
- **CENTRAL INDEX KEY:** 0000313850

**ORGANIZATION NAME:**
- **EIN:** 232120820
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02968-99
- **FILM NUMBER:** 261128177

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD TRUSTEES EQUITY FUNDS
- **DATE OF NAME CHANGE:** 20011121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD TRUSTEES EQUITY FUND
- **DATE OF NAME CHANGE:** 19930303

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRUSTEES COMINGLED FUND
- **DATE OF NAME CHANGE:** 19930302

## Series and Classes Contracts Data

### Vanguard Emerging Markets Select Stock Fund (Series ID: S000032976)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000101729 | Investor Shares | VMMSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VANGUARD TRUSTEES' EQUITY FUND

- **b. Investment Company Act file number:** 811-02968-99

- **c. CIK number of Registrant:** 0000313850

- **d. LEI of Registrant:** 549300EQOO1PY5885755

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

  - **Street Address 1:** 100 Vanguard Boulevard

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-669-1000

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

- **a. Name of Series:** VANGUARD EMERGING MARKETS SELECT STOCK FUND

- **b. EDGAR series identifier (if any):** S000032976

- **c. LEI of Series:** DR3FEI5HE6DDWHXGTR43

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1229627812.15

**Total Liabilities:** $5410505.82

**Net Assets:** $1224217306.33

**Cash Not Reported:** $1528542.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000101729 | 4.38%                | -9.52%               | 9.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $16083724.73             | $33073679.66                               |
| Month 2  | $13226686.95             | $-133477845.80                             |
| Month 3  | $14047161.21             | $86919451.63                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Antofagasta PLC                                        | ANTOFAGASTA PLC                       | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |     33082 | NS      | $1604400.76   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                 | STANDARD CHARTER                      | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |     56421 | NS      | $1436750.83   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Cognizant Technology Solutions Corp                    | COGNIZANT TECH-A                      | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     65080 | NS      | $3442732.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander Chile                                  | BANCO SANTANDER                       | CUSIP: N/A<br>LEI: 3YJP8HORPAEXJ80D6368       | Long             | EC               | CORP              | CL        |   7637606 | NS      | $610713.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                | VALE SA                               | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |    563100 | NS      | $9231483.10   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                                            | COUPANG INC                           | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    140238 | NS      | $2801955.24   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                   | FOMENTO ECON-ADR                      | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153       | Long             | EC               | CORP              | US        |     28975 | NS      | $3426004.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                                     | BANCO DO BRASIL                       | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |   1653000 | NS      | $7414097.90   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd                             | FIRST QUANTUM                         | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    292090 | NS      | $7151995.73   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                        | GOLD FIELDS-ADR                       | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | US        |     33582 | NS      | $1426563.36   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KT Corp                                                | KT CORP-ADR                           | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               | CORP              | US        |    147116 | NS      | $3152695.88   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                     | GRUPO F BANORT-O                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    473446 | NS      | $5140867.12   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Itausa SA                                              | ITAUSA SA - PREFERRED SHARES          | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | BR        |    411500 | NS      | $1156767.24   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark de Mexico SAB de CV                     | KIMBERLY-CLA M-A                      | CUSIP: P60694117<br>LEI: 549300JGHL56QT00KT54 | Long             | EC               | CORP              | MX        |    107389 | NS      | $242829.41    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobile TeleSystems PJSC                                | MOBILE TELES PJS                      | CUSIP: N/A<br>LEI: 2534008FX8EXH1FMJA74       | Long             | EC               | CORP              | US        |     93946 | NS      | $0.94         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Petroleo Brasileiro SA                                 | PETROBRAS SA-ADR                      | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | US        |    285936 | NS      | $6299170.08   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                                 | GRUPO MEXICO-B                        | CUSIP: N/A<br>LEI: 529900JWLZAYET2ZGW20       | Long             | EC               | CORP              | MX        |     99693 | NS      | $1091181.36   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                 | PETROBRAS                             | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |    252724 | NS      | $2793243.77   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                 | PETROBR-SP P ADR                      | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | US        |    104893 | NS      | $2085272.84   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                 | PETROBRAS-PREF                        | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               | CORP              | BR        |    938700 | NS      | $9303969.47   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile SA                  | QUIMICA Y-SP ADR                      | CUSIP: N/A<br>LEI: TJ88LXZZW5PWIN93ZC81       | Long             | EC               | CORP              | US        |     56288 | NS      | $5188064.96   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                          | HDFC BANK-ADR                         | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | US        |    100703 | NS      | $2558863.23   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                | VALE SA-SP ADR                        | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | US        |    316552 | NS      | $5178790.72   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp                                     | LUNDIN MINING CO                      | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    143231 | NS      | $3675807.16   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG SA                                                 | WEG SA                                | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               | CORP              | BR        |     70793 | NS      | $641337.29    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC                                | SBERBANK                              | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |   1473153 | NS      | $0.20         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KGHM Polska Miedz SA                                   | KGHM                                  | CUSIP: N/A<br>LEI: G30CO71KTT9JDYJESN22       | Long             | EC               | CORP              | PL        |     59641 | NS      | $5009840.09   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Luckin Coffee Inc                                      | LUCKIN COFFE-ADR                      | CUSIP: 54951L109<br>LEI: 549300FO16ASCVSMYI15 | Long             | EC               | CORP              | US        |     92766 | NS      | $3246810.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                       | MERCADOLIBRE INC                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      7710 | NS      | $13821177.30  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                            | ABU DHABI ISLAMI                      | CUSIP: N/A<br>LEI: 5493006DOLY8O98XHD74       | Long             | EC               | CORP              | AE        |    153912 | NS      | $919070.90    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp                                 | ACCTON TECH                           | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |    132000 | NS      | $9667223.31   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Bank PCL                                       | BANGKOK BANK-F                        | CUSIP: N/A<br>LEI: 549300CCL2BKJGMYXV60       | Long             | EC               | CORP              | TH        |    708200 | NS      | $3533455.51   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                                | RELIANCE INDUSTR                      | CUSIP: Y72596102<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    815060 | NS      | $12361520.54  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd                                | MAHINDRA & MAHIN                      | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |     50765 | NS      | $1664952.44   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Holdings & Investment Ltd                        | BAJAJ HOLDINGS A                      | CUSIP: N/A<br>LEI: 335800NL7NWD9IPOHL48       | Long             | EC               | CORP              | IN        |      6351 | NS      | $690649.03    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Oil & Natural Gas Corp Ltd                             | OIL & NATURAL GA                      | CUSIP: N/A<br>LEI: 335800FPDZ9MRSNO7N41       | Long             | EC               | CORP              | IN        |    172424 | NS      | $546606.06    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Discovery Ltd                                          | DISCOVERY LTD                         | CUSIP: S2192Y109<br>LEI: 378900245A26169C8132 | Long             | EC               | CORP              | ZA        |    107629 | NS      | $1675160.81   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Brilliance China Automotive Holdings Ltd               | BRILLIANCE CHINA                      | CUSIP: N/A<br>LEI: 5299005WPCSQN14NBM26       | Long             | EC               | CORP              | HK        |   2536000 | NS      | $884976.74    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| China Overseas Land & Investment Ltd                   | CHINA OVERSEAS                        | CUSIP: Y15004107<br>LEI: 529900I6W35GYKRIZ151 | Long             | EC               | CORP              | HK        |   7662885 | NS      | $13162345.56  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                                         | CHROMA ATE                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    112672 | NS      | $7698913.16   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Compal Electronics Inc                                 | COMPAL ELEC                           | CUSIP: N/A<br>LEI: 529900ZPKWFDL21LW166       | Long             | EC               | CORP              | TW        |   6366000 | NS      | $5885128.06   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co Ltd                                      | PETROCHINA-H                          | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | HK        |    878967 | NS      | $1355818.91   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| United Tractors Tbk PT                                 | UNITED TRACTORS                       | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    174308 | NS      | $292874.81    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Unilever Ltd                                 | HINDUSTAN UNILEV                      | CUSIP: Y3222L102<br>LEI: 5493007IW5N37IKRPM32 | Long             | EC               | CORP              | IN        |     57166 | NS      | $1358991.57   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd                     | HKEX                                  | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |     28570 | NS      | $1521715.45   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd                        | APOLLO HOSPITALS                      | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |     13808 | NS      | $1114592.18   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co Ltd                 | JIANGSU HENGRU-A                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     30300 | NS      | $239991.32    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Zoomlion Heavy Industry Science and Technology Co Ltd  | ZOOMLION HEAVY-A                      | CUSIP: N/A<br>LEI: 529900QZ3EMAU0QKFK85       | Long             | EC               | CORP              | CN        |    275100 | NS      | $321242.28    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| China Petroleum & Chemical Corp                        | SINOPEC CORP-H                        | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | HK        |   1040837 | NS      | $614915.87    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co Ltd                                  | ELITE MATERIAL                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     25367 | NS      | $3779800.23   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Evergreen Marine Corp Taiwan Ltd                       | EVERGREEN MARINE                      | CUSIP: N/A<br>LEI: 254900EIJA0A39C5SO15       | Long             | EC               | CORP              | TW        |     55801 | NS      | $356967.97    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd                                | ENN ENERGY                            | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | HK        |    370008 | NS      | $2900607.91   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Bank PCL                                       | BANGKOK BAN-NVDR                      | CUSIP: N/A<br>LEI: 549300CCL2BKJGMYXV60       | Long             | EC               | CORP              | TH        |    802000 | NS      | $4001456.25   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                                           | MEDIATEK                              | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |    243516 | NS      | $20329108.57  | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co Ltd                         | SHINHAN FINANCIA                      | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |     85140 | NS      | $5781746.33   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Harmony Gold Mining Co Ltd                             | HARMONY GOLD MNG                      | CUSIP: N/A<br>LEI: 378900986D05F0C29811       | Long             | EC               | CORP              | ZA        |    123537 | NS      | $1947453.49   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co Ltd                                 | KWEICHOW MOUTA-A                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     21047 | NS      | $4266038.18   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT PCL                                                | PTT PCL-NVDR                          | CUSIP: N/A<br>LEI: 549300QOGMPTKB6W7G56       | Long             | EC               | CORP              | TH        |    528328 | NS      | $571557.52    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co Ltd                      | HON HAI                               | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |    713685 | NS      | $5042197.92   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd                              | CAPITEC BANK HOL                      | CUSIP: S15445109<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      8528 | NS      | $2213864.71   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd                                      | BHARTI AIRTEL                         | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |    117913 | NS      | $2357072.23   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                                           | SK HYNIX INC                          | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |     26223 | NS      | $23384832.13  | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Engineering & Construction Co Ltd              | HYUNDAI ENG&CONS                      | CUSIP: N/A<br>LEI: 988400CEQG9N710HN313       | Long             | EC               | CORP              | KR        |     19239 | NS      | $2130723.13   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co                                       | HYUNDAI MOTOR                         | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EC               | CORP              | KR        |     21606 | NS      | $7831305.78   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd                         | GALAXY ENTERTAIN                      | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               | CORP              | HK        |   2458000 | NS      | $10486721.76  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp                                               | KIA CORP                              | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     42021 | NS      | $4334117.95   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co Ltd                            | CHINA MERCH BK-A                      | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |    239200 | NS      | $1341119.12   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CTBC Financial Holding Co Ltd                          | CTBC FINANCIAL                        | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |   2522248 | NS      | $4171856.94   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Asia Vital Components Co Ltd                           | ASIA VITAL                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     34366 | NS      | $3146320.34   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Commercial Bank PJSC                         | ABU DHABI COMMER                      | CUSIP: N/A<br>LEI: 213800RWVKKIRX1AUH58       | Long             | EC               | CORP              | AE        |    284389 | NS      | $1069153.36   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Yue Yuen Industrial Holdings Ltd                       | YUE YUEN IND                          | CUSIP: N/A<br>LEI: 254900YUFIBANZ1XU687       | Long             | EC               | CORP              | HK        |   1988000 | NS      | $3697498.78   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| FirstRand Ltd                                          | FIRSTRAND LTD                         | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |    539282 | NS      | $2859315.60   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Nan Ya Plastics Corp                                   | NAN YA PLASTICS                       | CUSIP: N/A<br>LEI: 254900L66RP14M9UOM28       | Long             | EC               | CORP              | TW        |    416379 | NS      | $1195167.70   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk PT                            | BANK MANDIRI                          | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |     36359 | NS      | $9251.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Uni-President Enterprises Corp                         | UNI-PRESIDENT EN                      | CUSIP: N/A<br>LEI: 254900DAXBDMVEXU5959       | Long             | EC               | CORP              | TW        |    491961 | NS      | $1077574.20   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk PT                   | BANK RAKYAT INDO                      | CUSIP: Y0697U112<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |  55629293 | NS      | $9623565.06   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co Ltd                              | ZIJIN MINING-H                        | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | HK        |    978229 | NS      | $4542893.98   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Weigao Group Medical Polymer Co Ltd           | SHANDONG WEIG-H                       | CUSIP: N/A<br>LEI: 5299005WQUU15JQU8S60       | Long             | EC               | CORP              | HK        |    379870 | NS      | $167419.15    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Weichai Power Co Ltd                                   | WEICHAI POWER-H                       | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | HK        |   1398925 | NS      | $6953898.56   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| E Ink Holdings Inc                                     | E INK HOLDINGS                        | CUSIP: N/A<br>LEI: 529900UOR451FJJYL571       | Long             | EC               | CORP              | TW        |    215000 | NS      | $946057.85    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                             | SAMSUNG ELECTRON                      | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    178767 | NS      | $26920090.80  | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                             | SAMSUNG ELE-PREF                      | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EP               | CORP              | KR        |    181658 | NS      | $19607051.89  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Zhangjiang High-Tech Park Development Co Ltd  | SHANG ZHANGJIA-A                      | CUSIP: N/A<br>LEI: 300300QF9LB9KZ188A33       | Long             | EC               | CORP              | CN        |    135309 | NS      | $730080.69    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd              | TSMC                                  | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   2213191 | NS      | $153643810.39 | 12.55%            |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt                                          | OTP BANK PLC                          | CUSIP: X60746181<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     74414 | NS      | $9981068.13   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard FTSE Emerging Markets ETF                     | VANGUARD FTSE EM                      | CUSIP: 922042858<br>LEI: YNHDFX2L9SSID3XIIE57 | Long             | EC               | RF                | US        |    131821 | NS      | $7768211.53   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum China Holdings Inc                                 | YUM CHINA HO                          | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |      7108 | NS      | $344382.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                                      | BRADESCO-ADR                          | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EC               | CORP              | US        |    926827 | NS      | $3596088.76   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangkok Dusit Medical Services PCL                     | BANGKOK DUS-NVDR                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    473249 | NS      | $265776.06    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Natura Cosmeticos SA                                   | NATURA                                | CUSIP: N/A<br>LEI: 98450085D7XCFF5A9N75       | Long             | EC               | CORP              | BR        |   5057100 | NS      | $10406690.30  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Larsen & Toubro Ltd                                    | LARSEN & TOUBRO                       | CUSIP: Y5217N159<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |     35925 | NS      | $1526087.34   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                               | BANK CENTRAL ASI                      | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |   5297063 | NS      | $1795916.84   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd                | PING AN                               | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | HK        |   1195500 | NS      | $9717141.07   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| UltraTech Cement Ltd                                   | ULTRATECH CEMENT                      | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               | CORP              | IN        |     30512 | NS      | $3743779.53   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashok Leyland Ltd                                      | ASHOK LEYLAND                         | CUSIP: N/A<br>LEI: 3358001BZKWERVWYCK35       | Long             | EC               | CORP              | IN        |    514624 | NS      | $884529.56    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd                          | TATA CONSULTANCY                      | CUSIP: Y85279100<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |    105994 | NS      | $2781525.88   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                  | EMAAR PROP PJSC                       | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |   2295622 | NS      | $7391899.09   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Pacific Basin Shipping Ltd                             | PACIFIC BASIN                         | CUSIP: N/A<br>LEI: 254900LNPK737X4Y3V26       | Long             | EC               | CORP              | HK        |  15422139 | NS      | $6034438.34   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                               | ITAU UNIBAN-PREF                      | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EP               | CORP              | BR        |    910724 | NS      | $7943408.36   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Akbank TAS                                             | AKBANK                                | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |   3681345 | NS      | $5962124.67   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Localiza Rent a Car SA                                 | LOCALIZA                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     54240 | NS      | $502879.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambuja Cements Ltd                                     | AMBUJA CEMENTS                        | CUSIP: N/A<br>LEI: 335800NT6LQHR1428E20       | Long             | EC               | CORP              | IN        |    179939 | NS      | $846285.73    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd                         | COSCO SHIP HOL-H                      | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | HK        |    166947 | NS      | $307268.27    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Novatek PJSC                                           | NOVATEK PJSC-GDR                      | CUSIP: N/A<br>LEI: 2138008R6GCRVBDFA581       | Long             | EC               | CORP              | GB        |       422 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Baidu Inc                                              | BIDU-SW                               | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | HK        |    744285 | NS      | $11753006.19  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| UPL Ltd                                                | UPL LTD                               | CUSIP: N/A<br>LEI: 335800RJSM1SLHO4UA95       | Long             | EC               | CORP              | IN        |   1036537 | NS      | $7052244.32   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp                           | CCB-H                                 | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | HK        |   6157554 | NS      | $6950641.45   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                                  | ALDAR PROPERTIES                      | CUSIP: N/A<br>LEI: 98450048CD8AEF13B480       | Long             | EC               | CORP              | AE        |    317282 | NS      | $667277.02    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhou International Group Holdings Ltd              | SHENZHOU INTL GP                      | CUSIP: N/A<br>LEI: 529900B4W41TCUKJFM73       | Long             | EC               | CORP              | HK        |   1160300 | NS      | $7072513.88   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Minth Group Ltd                                        | MINTH GROUP LTD                       | CUSIP: G6145U109<br>LEI: 254900B2AH0G13K9G204 | Long             | EC               | CORP              | HK        |    215292 | NS      | $941530.97    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Glovis Co Ltd                                  | HYUNDAI GLOVIS                        | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |     26847 | NS      | $4145273.95   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Basic Industries Corp                            | SABIC                                 | CUSIP: N/A<br>LEI: 213800ZCTFZZZJSK8645       | Long             | EC               | CORP              | SA        |     48370 | NS      | $790490.96    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production PCL                       | PTT EXPL & PRO-F                      | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    106111 | NS      | $503799.47    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Vietnam Dairy Products JSC                             | VIET NAM DAIRY P                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VN        |   2656720 | NS      | $6156978.66   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Wilmar International Ltd                               | WILMAR INTERNATI                      | CUSIP: N/A<br>LEI: 549300H2EAI4YRLWBB20       | Long             | EC               | CORP              | SG        |   3747000 | NS      | $10687843.53  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Consumer Products Ltd                           | GODREJ CONSUMER                       | CUSIP: Y2732X135<br>LEI: 335800P4GUWLGZFK2D63 | Long             | EC               | CORP              | IN        |     65246 | NS      | $737482.83    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co Ltd                            | CM BANK-H                             | CUSIP: Y14896115<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | HK        |    951657 | NS      | $5759937.13   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd                           | IMPALA PLATINUM                       | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |    369273 | NS      | $5176115.37   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT Corp                                               | FPT CORP                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VN        |    442300 | NS      | $1270799.75   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Weichai Power Co Ltd                                   | WEICHAI POWER-A                       | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | CN        |     59900 | NS      | $275499.16    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortis Healthcare Ltd                                  | FORTIS HEALTHCAR                      | CUSIP: N/A<br>LEI: 3358001Q5ZJC4M83WH02       | Long             | EC               | CORP              | IN        |     91277 | NS      | $892742.78    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB India Ltd                                          | ABB INDIA LTD                         | CUSIP: N/A<br>LEI: 5493001BUNB8WEF9JI21       | Long             | EC               | CORP              | IN        |     12506 | NS      | $955337.09    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Energetica de Minas Gerais                         | CEMIG-PREF                            | CUSIP: N/A<br>LEI: 254900W703PXLDSEM056       | Long             | EP               | CORP              | BR        |   4040584 | NS      | $10232425.25  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | SABESP                                | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19       | Long             | EC               | CORP              | BR        |    430041 | NS      | $2878926.71   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA Sports Products Ltd                               | ANTA SPORTS                           | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               | CORP              | HK        |    197523 | NS      | $2069255.29   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates NBD Bank PJSC                                 | EMIRATES NBD PJS                      | CUSIP: N/A<br>LEI: 54930029BCN8HF3B1286       | Long             | EC               | CORP              | AE        |    234797 | NS      | $1855100.02   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Ports & Special Economic Zone Ltd                | ADANI PORTS AND                       | CUSIP: N/A<br>LEI: 335800QOAXP5TM7OYP69       | Long             | EC               | CORP              | IN        |    101512 | NS      | $1783653.05   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| China Railway Group Ltd                                | CHINA RAIL GR-H                       | CUSIP: N/A<br>LEI: 529900TFRLG8UDJ7QA89       | Long             | EC               | CORP              | HK        |   1258844 | NS      | $610263.95    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| REC Ltd                                                | REC LTD                               | CUSIP: N/A<br>LEI: 335800B4YRYWAMIJZ374       | Long             | EC               | CORP              | IN        |    454752 | NS      | $1707455.62   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Auto Ltd                                         | BAJAJ AUTO LTD                        | CUSIP: N/A<br>LEI: 335800DLAO5NCNN8G863       | Long             | EC               | CORP              | IN        |      9727 | NS      | $1027703.86   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc                                 | KB FINANCIAL GRO                      | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |     54210 | NS      | $5936271.86   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Inovance Technology Co Ltd                    | SHENZHEN INOVA-A                      | CUSIP: N/A<br>LEI: 836800KA53998FUTIA85       | Long             | EC               | CORP              | CN        |     43814 | NS      | $441638.89    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengli Hydraulic Co Ltd                        | JIANGSU HENGLI-A                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     19000 | NS      | $294050.77    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                          | AIA                                   | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    261042 | NS      | $2865918.31   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtac International Group                             | AIRTAC INTERNATI                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     14407 | NS      | $672661.56    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Zoomlion Heavy Industry Science and Technology Co Ltd  | ZOOMLION HEAVY-H                      | CUSIP: N/A<br>LEI: 529900QZ3EMAU0QKFK85       | Long             | EC               | CORP              | HK        |    654044 | NS      | $658680.97    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Man Wah Holdings Ltd                                   | MAN WAH HOLDINGS                      | CUSIP: N/A<br>LEI: 52990005BW6K71UPKX41       | Long             | EC               | CORP              | HK        |   6074804 | NS      | $3307109.34   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Gazprom PJSC                                           | GAZPROM                               | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |    926846 | NS      | $0.12         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GMK Norilskiy Nickel PAO                               | MMC NORILSK NICK                      | CUSIP: N/A<br>LEI: 253400JPTEEW143W3E47       | Long             | EC               | CORP              | RU        |    124700 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Indorama Ventures PCL                                  | INDORAMA-NVDR                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   5776500 | NS      | $4574565.89   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                                | SBERBANK-SP ADR                       | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | GB        |    476234 | NS      | $4.77         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Valeura Energy Inc                                     | VALEURA ENERGY I                      | CUSIP: 919144402<br>LEI: 2549003ZBCOPPO06GY48 | Long             | EC               | CORP              | CA        |    428666 | NS      | $4235062.92   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhongsheng Group Holdings Ltd                          | ZHONGSHENG GROUP                      | CUSIP: N/A<br>LEI: 3003005VYMEBAJNJ2Y26       | Long             | EC               | CORP              | HK        |   4657992 | NS      | $4252001.83   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Brasil SA                                   | TELEF BRASIL                          | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |    282307 | NS      | $2237681.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA                                       | RAIADROGASIL                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    134313 | NS      | $595102.23    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hangzhou Tigermed Consulting Co Ltd                    | HANGZHOU TIGER-A                      | CUSIP: N/A<br>LEI: 300300CP4N8WDF6DOO67       | Long             | EC               | CORP              | CN        |     67526 | NS      | $548971.22    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hankook Tire & Technology Co Ltd                       | HANKOOK TIRE & T                      | CUSIP: N/A<br>LEI: 9884001BIEVM09M7AH02       | Long             | EC               | CORP              | KR        |    159893 | NS      | $6434265.77   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED Technology Inc                                  | ASPEED TECH                           | CUSIP: N/A<br>LEI: 984500D002CB7E149R74       | Long             | EC               | CORP              | TW        |     14364 | NS      | $7721689.50   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| People's Insurance Co Group of China Ltd/The           | PICC GROUP-H                          | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | HK        |   5863024 | NS      | $4011575.71   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Alior Bank SA                                          | ALIOR BANK SA                         | CUSIP: N/A<br>LEI: 259400QHDOZWMJ103294       | Long             | EC               | CORP              | PL        |     31164 | NS      | $1064460.89   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Moscow Exchange MICEX-RTS PJSC                         | MOSCOW EXCHANGE                       | CUSIP: N/A<br>LEI: 253400M5M1222KPNWE87       | Long             | EC               | CORP              | RU        |    536630 | NS      | $0.07         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BB Seguridade Participacoes SA                         | BB SEGURIDADE PA                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    178429 | NS      | $1220803.45   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Richter Gedeon Nyrt                                    | RICHTER GEDEON N                      | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |    158009 | NS      | $6664777.18   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Cyprus Holdings PLC                            | BANK OF CYPRUS H                      | CUSIP: N/A<br>LEI: 635400L14KNHZXPUZM19       | Long             | EC               | CORP              | CY        |      5634 | NS      | $61670.33     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Oriental Yuhong Waterproof Technology Co Ltd   | BEIJING ORIENT-A                      | CUSIP: N/A<br>LEI: 300300XMIXB7STDZWT60       | Long             | EC               | CORP              | CN        |   3212100 | NS      | $7049528.82   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd                                     | MIDEA GROUP CO-A                      | CUSIP: N/A<br>LEI: 3003003TRPHLHZD2IF61       | Long             | EC               | CORP              | CN        |    485386 | NS      | $5772095.26   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| MOL Hungarian Oil & Gas PLC                            | MOL                                   | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |    449745 | NS      | $6006882.06   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Amber Enterprises India Ltd                            | AMBER ENTERPRISE                      | CUSIP: N/A<br>LEI: 3358009JZU4XT3666G06       | Long             | EC               | CORP              | IN        |     23009 | NS      | $1956021.24   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd                                     | MIDEA GROUP CO-A                      | CUSIP: N/A<br>LEI: 3003003TRPHLHZD2IF61       | Long             | EC               | CORP              | CN        |    133000 | NS      | $1581604.47   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Corp/Republic of Korea                           | ORION CORP/REPUB                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     50394 | NS      | $4895487.72   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Life Insurance Co Ltd                             | HDFC LIFE INSURA                      | CUSIP: Y3R1AP109<br>LEI: 335800RQI8GAFHIRGZ37 | Long             | EC               | CORP              | IN        |    337696 | NS      | $2097576.22   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bharat Electronics Ltd                                 | BHARAT ELECTRON                       | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |    153166 | NS      | $699235.01    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd                 | CONTEMPORARY A-A                      | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |    170030 | NS      | $10914447.50  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Group                      | TENCENT MUSI-ADR                      | CUSIP: N/A<br>LEI: 213800XTZK2GOHQTYK41       | Long             | EC               | CORP              | US        |     46912 | NS      | $430183.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                            | B3 SA                                 | CUSIP: N/A<br>LEI: 4GTK5S46E6H318LMDS44       | Long             | EC               | CORP              | BR        |   5462385 | NS      | $19889091.15  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambev SA                                               | AMBEV SA                              | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               | CORP              | BR        |   4724151 | NS      | $13842932.07  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WuXi AppTec Co Ltd                                     | WUAPPTEC CO LT-H                      | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | HK        |     49309 | NS      | $866255.63    | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Meituan                                                | MEITUAN-W                             | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | HK        |    287700 | NS      | $3095417.32   | 0.25%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Haidilao International Holding Ltd                     | HAIDILAO INTERNA                      | CUSIP: N/A<br>LEI: 3003009Q8GV4VNKZWI24       | Long             | EC               | CORP              | HK        |   1222000 | NS      | $2253811.56   | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Silergy Corp                                           | SILERGY                               | CUSIP: N/A<br>LEI: 875500ADUWHZZOWMOA47       | Long             | EC               | CORP              | TW        |    197000 | NS      | $2696106.27   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Vista Energy SAB de CV                                 | VISTA ENERGY SAB                      | CUSIP: N/A<br>LEI: 549300UDOHP7958KNS89       | Long             | EC               | CORP              | US        |     50560 | NS      | $3757619.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabian Oil Co                                   | SAUDI ARABIAN OI                      | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | EC               | CORP              | SA        |   1023543 | NS      | $7591839.35   | 0.62%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Kaspi.KZ JSC                                           | JSC KASPI.KZ                          | CUSIP: N/A<br>LEI: 2549003YU6FARG8OAZ13       | Long             | EC               | CORP              | US        |     81000 | NS      | $6953040.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd                                     | TRIP.COM GRO-ADR                      | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | US        |      1621 | NS      | $87874.41     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                          | HDFC BANK LTD                         | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   1320017 | NS      | $10796512.45  | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                              | BABA-W                                | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | HK        |   2056205 | NS      | $33888333.38  | 2.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Montage Technology Co Ltd                              | MONTAGE TECHNO-A                      | CUSIP: N/A<br>LEI: 836800ZMWT5PAN574D81       | Long             | EC               | CORP              | CN        |    197385 | NS      | $5068865.49   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtel Africa PLC                                      | AIRTEL AFRICA                         | CUSIP: N/A<br>LEI: 254900ZNZDQL6OWQH623       | Long             | EC               | CORP              | GB        |    448354 | NS      | $2165380.91   | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JD.com Inc                                             | JD-SW                                 | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | HK        |    138351 | NS      | $2096034.55   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Goneo Group Co Ltd                                     | GONEO GROUP CO-A                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    318274 | NS      | $2091912.98   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Eastroc Beverage Group Co Ltd                          | EASTROC BEVERA-A                      | CUSIP: N/A<br>LEI: 836800LQ338417RCIL29       | Long             | EC               | CORP              | CN        |     21500 | NS      | $641905.41    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuaishou Technology                                    | KUAISHOU-W                            | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | HK        |    203700 | NS      | $1133963.04   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Haier Smart Home Co Ltd                                | HAIER SMART H-H                       | CUSIP: N/A<br>LEI: 3003002BYTNGNJTWSH07       | Long             | EC               | CORP              | HK        |   3421600 | NS      | $9664153.57   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Akeso Inc                                              | AKESO INC                             | CUSIP: N/A<br>LEI: 254900ECWYGR3QW5GF30       | Long             | EC               | CORP              | HK        |     11698 | NS      | $205205.87    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| WH Group Ltd                                           | WH GROUP LTD                          | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | HK        |   8401500 | NS      | $10275422.26  | 0.84%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Kanzhun Ltd                                            | KANZHUN LTD                           | CUSIP: N/A<br>LEI: 254900F4ZCBITP7L0251       | Long             | EC               | CORP              | US        |    193263 | NS      | $2612915.76   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                                            | NETEASE INC                           | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | HK        |     54342 | NS      | $1272101.54   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegro.eu SA                                          | ALLEGRO.EU SA                         | CUSIP: N/A<br>LEI: 222100VRLXV3FPMG4982       | Long             | EC               | CORP              | PL        |    292867 | NS      | $2411741.24   | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DiDi Global Inc                                        | DIDI GLOBAL INC                       | CUSIP: N/A<br>LEI: 8368006Y2DHY77ADSY31       | Long             | EC               | CORP              | US        |    856864 | NS      | $3118984.96   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| KE Holdings Inc                                        | KE HOLDINGS -ADR                      | CUSIP: N/A<br>LEI: 254900RHVY072XPAZE03       | Long             | EC               | CORP              | US        |    135731 | NS      | $2325072.03   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sany Heavy Industry Co Ltd                             | SANY HEAVY IND-H                      | CUSIP: N/A<br>LEI: 3003001FS86S7NYOHV89       | Long             | EC               | CORP              | HK        |    229858 | NS      | $641833.32    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                   | TENCENT                               | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | HK        |    718405 | NS      | $43630341.78  | 3.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finserv Ltd                                      | BAJAJ FINSERV LT                      | CUSIP: N/A<br>LEI: 3358001EH4I4IDMGQ326       | Long             | EC               | CORP              | IN        |     14425 | NS      | $266827.48    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co Ltd                 | JIANGSU HENGRU-H                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |     64636 | NS      | $538953.21    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Eicher Motors Ltd                                      | EICHER MOTORS                         | CUSIP: Y2251M148<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |     14779 | NS      | $1112043.89   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ZTO Express Cayman Inc                                 | ZTO EXPRESS CAYM                      | CUSIP: N/A<br>LEI: 549300SCJPK3YZJTJR78       | Long             | EC               | CORP              | HK        |    146110 | NS      | $3702258.89   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Tadawul Group Holding Co                         | SAUDI TADAWUL GR                      | CUSIP: N/A<br>LEI: 894500BXFAWZK686TP37       | Long             | EC               | CORP              | SA        |     34644 | NS      | $1225543.71   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Ozon Holdings PLC                                      | OZON HOLDINGS-AD                      | CUSIP: N/A<br>LEI: 213800GXSI7E5V776B13       | Long             | EC               | CORP              | US        |     35000 | NS      | $0.35         | 0.00%             |  |  |  | No            |                  3 | On Loan: —       |
| Yum China Holdings Inc                                 | YUM CHINA HOLDINGS INC - XHKG LISTING | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | HK        |     38072 | NS      | $1862986.38   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Cyprus Holdings PLC                            | BANK OF CYPRUS H                      | CUSIP: N/A<br>LEI: 635400L14KNHZXPUZM19       | Long             | EC               | CORP              | GR        |    125725 | NS      | $1362461.32   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| VEON Ltd                                               | VEON LTD                              | CUSIP: N/A<br>LEI: 5493008CA3NMHYEVT131       | Long             | EC               | CORP              | US        |     52381 | NS      | $2605430.94   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Wizz Air Holdings Plc                                  | WIZZ AIR HOLDING                      | CUSIP: N/A<br>LEI: 213800COXGZCORLJZA85       | Long             | EC               | CORP              | GB        |    388429 | NS      | $4727813.02   | 0.39%             |  |  |  | Yes           |                  2 | On Loan: —       |
| Delhivery Ltd                                          | DELHIVERY LTD                         | CUSIP: N/A<br>LEI: 335800CUQ1SBCH9TTH82       | Long             | EC               | CORP              | IN        |    663478 | NS      | $3278733.14   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| PSG Konsult Ltd                                        | PSG FINANCIAL SE                      | CUSIP: N/A<br>LEI: 378900ECF3D86FD28194       | Long             | EC               | CORP              | ZA        |     42775 | NS      | $72730.47     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd                                | KOTAK MAHINDRA                        | CUSIP: Y4964H150<br>LEI: 335800E6GTTXKHXE2I75 | Long             | EC               | CORP              | IN        |   1072499 | NS      | $4355715.31   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Rede D'Or Sao Luiz SA                                  | REDE D'OR SAO LU                      | CUSIP: N/A<br>LEI: 9269004BEA774D836A73       | Long             | EC               | CORP              | BR        |    105370 | NS      | $816480.25    | 0.07%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Anker Innovations Technology Co Ltd                    | ANKER INNOVATI-A                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    162530 | NS      | $2994979.75   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Trip.com Group Ltd                                     | TRIP.COM GROUP L                      | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | HK        |     24426 | NS      | $1318978.67   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Inter & Co Inc                                         | INTER & CO INC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     68619 | NS      | $520818.21    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co Ltd                            | CHINA MERCH BK-A                      | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |   1684400 | NS      | $9443900.72   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd                | PING AN INSURA-A                      | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |    117700 | NS      | $1026166.13   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile World Investment Corp                           | MOBILE WORLD INV                      | CUSIP: N/A<br>LEI: 254900ZRFNB8CRAHHO95       | Long             | EC               | CORP              | VN        |    829900 | NS      | $2654410.35   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                              | ALIBABA GRP-ADR                       | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | US        |     10263 | NS      | $1353484.44   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PB Fintech Ltd                                         | PB FINTECH LTD                        | CUSIP: N/A<br>LEI: 98450083AC6B01HF1F87       | Long             | EC               | CORP              | IN        |     94785 | NS      | $1672615.59   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Vibra Energia SA                                       | VIBRA ENERGIA SA                      | CUSIP: P9785J111<br>LEI: 549300U7VLJ3SYVNY689 | Long             | EC               | CORP              | BR        |     45587 | NS      | $306564.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GenFleet Therapeutics Shanghai Inc                     | GENFLEET THERA-H                      | CUSIP: N/A<br>LEI: 836800OP0710UUAGDU40       | Long             | EC               | CORP              | HK        |    138951 | NS      | $772851.64    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd                                          | AXIS BANK LTD                         | CUSIP: Y0487S137<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |    491729 | NS      | $6595348.52   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| SCB X PCL                                              | SCB X PCL-FOREIG                      | CUSIP: N/A<br>LEI: 254900TG41KIWX7VDO42       | Long             | EC               | CORP              | TH        |   2033300 | NS      | $8178742.37   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Sichuan Kelun-Biotech Biopharmaceutical Co Ltd         | SICHUAN KELUN-H                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |      6235 | NS      | $377137.23    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Varun Beverages Ltd                                    | VARUN BEVERAGES                       | CUSIP: N/A<br>LEI: 33580058NWEMWBDNMD48       | Long             | EC               | CORP              | IN        |    225011 | NS      | $1225634.15   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| True Corp PCL                                          | TRUE CORP PCL/-R                      | CUSIP: N/A<br>LEI: 894500HQD71STX0DQK07       | Long             | EC               | CORP              | TH        |   4703851 | NS      | $1979291.61   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Group                      | TENCENT MUS-CL A                      | CUSIP: N/A<br>LEI: 213800XTZK2GOHQTYK41       | Long             | EC               | CORP              | HK        |    189026 | NS      | $862500.65    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor India Ltd                                | HYUNDAI MOTOR IN                      | CUSIP: N/A<br>LEI: 335800HWX9HKN9N12M74       | Long             | EC               | CORP              | IN        |     55155 | NS      | $1061327.10   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| New Issuer: BB Company ID:71327236                     | PONY AI INC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    166203 | NS      | $1640423.61   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc                                  | ANGLOGOLD ASHANT                      | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | US        |     23342 | NS      | $2187845.66   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Shriram Finance Ltd                                    | SHRIRAM FINANCE                       | CUSIP: N/A<br>LEI: 335800TM2YO24B76XL26       | Long             | EC               | CORP              | IN        |     25758 | NS      | $256178.78    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Gold International Co Ltd                        | ZIJIN GOLD INTER                      | CUSIP: N/A<br>LEI: 254900FINUJR4MZ8A417       | Long             | EC               | CORP              | HK        |     44719 | NS      | $883357.64    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank/The                                | SAUDI NATIONAL B                      | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |    235475 | NS      | $2468802.52   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                                         | ICICI BANK LTD                        | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |     71655 | NS      | $961490.62    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Nien Made Enterprise Co Ltd                            | NIEN MADE                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    339000 | NS      | $3793816.74   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Aye Finance Ltd                                        | AYE FINANCE LTD                       | CUSIP: N/A<br>LEI: 335800Q6CHM9LTEPY552       | Long             | EC               | CORP              | IN        |    645125 | NS      | $900121.47    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Electronics India Ltd                               | LG ELECTRONICS I                      | CUSIP: N/A<br>LEI: 3358001R8E6IU2XJFQ88       | Long             | EC               | CORP              | IN        |     29944 | NS      | $505626.01    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Duality Biotherapeutics Inc                            | DUALITY BIOTHERA                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |     15145 | NS      | $540448.70    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Alpha Bank SA                                          | ALPHA BANK SA                         | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | EC               | CORP              | GR        |    385919 | NS      | $1548781.47   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American PLC                                     | ANGLO AMER PLC                        | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     73337 | NS      | $3629075.85   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Embraer SA                                             | EMBRAER                               | CUSIP: N/A<br>LEI: 549300EM51WYXFHUY333       | Long             | EC               | CORP              | BR        |     24543 | NS      | $381839.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Naspers Ltd                                            | NASPERS LTD-N                         | CUSIP: S53435103<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |     43895 | NS      | $2376909.74   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Sanhua Intelligent Controls Co Ltd            | ZHEJIANG SANHU-H                      | CUSIP: N/A<br>LEI: 8368003UTQ4F88XERZ23       | Long             | EC               | CORP              | HK        |    646500 | NS      | $2784273.40   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Axia Energia SA                                        | AXIA ENERGIA SA                       | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |    637900 | NS      | $7993395.33   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BeOne Medicines Ltd                                    | BEONE MEDICINE-H                      | CUSIP: N/A<br>LEI: 549300JFUK6FRD5MH739       | Long             | EC               | CORP              | HK        |     77950 | NS      | $1769400.05   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Axia Energia SA                                        | AXIA ENERGIA-PR                       | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EP               | CORP              | BR        |     46914 | NS      | $567974.13    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                           | WALMART DE MEXIC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   1079235 | NS      | $3402322.55   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuyao Glass Industry Group Co Ltd                      | FUYAO GLASS IN-H                      | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | HK        |    105755 | NS      | $805679.13    | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GMK Norilskiy Nickel PAO                               | MMC NORILSK ADR                       | CUSIP: N/A<br>LEI: 253400JPTEEW143W3E47       | Long             | EC               | CORP              | GB        |    200203 | NS      | $2.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Plaza SA                                               | PLAZA SA                              | CUSIP: P7898L106<br>LEI: N/A                  | Long             | EC               | CORP              | CL        |    293452 | NS      | $1457753.41   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                                                | SEA LTD-ADR                           | CUSIP: N/A<br>LEI: 529900OM6JLLW44YKI15       | Long             | EC               | CORP              | US        |     41634 | NS      | $3533893.92   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| IDFC First Bank Ltd                                    | IDFC FIRST BANK                       | CUSIP: N/A<br>LEI: 335800SBNAPYVT1D2K13       | Long             | EC               | CORP              | IN        |   2614964 | NS      | $1929269.81   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Doosan Bobcat Inc                                      | DOOSAN BOBCAT IN                      | CUSIP: N/A<br>LEI: 9884007K6X0Q0112FX44       | Long             | EC               | CORP              | KR        |    113920 | NS      | $5603005.89   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Rumo SA                                                | RUMO SA                               | CUSIP: N/A<br>LEI: 254900TXQFP7CJCGYM66       | Long             | EC               | CORP              | BR        |    437509 | NS      | $1389801.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIO SA/Brazil                                         | PRIO SA                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     29312 | NS      | $393111.58    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ZTO Express Cayman Inc                                 | ZTO EXPRESS -ADR                      | CUSIP: N/A<br>LEI: 549300SCJPK3YZJTJR78       | Long             | EC               | CORP              | US        |    280021 | NS      | $7165737.39   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| InterGlobe Aviation Ltd                                | INTERGLOBE AVIAT                      | CUSIP: N/A<br>LEI: 33580079R8SLLO23XD19       | Long             | EC               | CORP              | IN        |     84353 | NS      | $3852415.37   | 0.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LUKOIL PJSC                                            | LUKOIL PJSC-ADR                       | CUSIP: N/A<br>LEI: 549300LCJ1UJXHYBWI24       | Long             | EC               | CORP              | GB        |     35630 | NS      | $0.36         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Yadea Group Holdings Ltd                               | YADEA GROUP HOLD                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    608361 | NS      | $933879.15    | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SBI Life Insurance Co Ltd                              | SBI LIFE INSURAN                      | CUSIP: N/A<br>LEI: 335800WMVIESQUO95586       | Long             | EC               | CORP              | IN        |     62227 | NS      | $1195113.34   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Banco BTG Pactual SA                                   | BCO BTG PAC-UNIT                      | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |     85811 | NS      | $1028317.93   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund      | Vanguard Market Liquidity Fund        | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |  55754432 | NS      | $55748856.66  | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcos Dorados Holdings Inc                             | ARCOS DORADOS-A                       | CUSIP: G0457F107<br>LEI: 54930023P2MIZN13DQ85 | Long             | EC               | CORP              | US        |    532271 | NS      | $4747857.32   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                                          | CREDICORP LTD                         | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | US        |     46557 | NS      | $15092382.69  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                               | FABRINET                              | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | US        |      7741 | NS      | $5290741.27   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Grab Holdings Ltd                                      | GRAB HOLDINGS LTD - CL A              | CUSIP: G4124C109<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | US        |    605440 | NS      | $2312780.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                         | NU HOLDINGS LT-A                      | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | US        |    225533 | NS      | $3265717.84   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc                                                 | XP INC - CLASS A                      | CUSIP: G98239109<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | US        |     10386 | NS      | $198995.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                             | GLOBANT SA                            | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | US        |    109934 | NS      | $4532578.82   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                    | MSCI EmgMkt       Jun26               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       565 | NC      | $3432997.64   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings SA                                       | COPA HOLDIN-CL A                      | CUSIP: P31076105<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | US        |     22077 | NS      | $2553867.36   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund      | Vanguard Market Liquidity Fund        | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |     54185 | NS      | $5417998.15   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MakeMyTrip Ltd                                         | MAKEMYTRIP LTD                        | CUSIP: V5633W109<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | US        |     17430 | NS      | $822870.30    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-25

**Name of Applicant:** VANGUARD TRUSTEES' EQUITY FUND

**Signature:** My Trieu-Gatt

**Name of Signer:** My Trieu-Gatt

**Title:** Treasurer