# EDGAR Filing Document

**Accession Number:** 0001529390
**File Stem:** 0000894189-25-010472
**Filing Date:** 2025-9
**Character Count:** 57646
**Document Hash:** 13c1b655b2c11a8ee4d3976a9897d1d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-010472.hdr.sgml**: 20250930

**ACCESSION NUMBER**: 0000894189-25-010472

**CONFORMED SUBMISSION TYPE**: NT NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250930

**DATE AS OF CHANGE**: 20250930

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cambria ETF Trust
- **CENTRAL INDEX KEY:** 0001529390

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

**FILING VALUES:**
- **FORM TYPE:** NT NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22704
- **FILM NUMBER:** 251360900

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 HIGHLAND AVE
- **CITY:** MANHATTAN BEACH
- **STATE:** CA
- **ZIP:** 90266
- **BUSINESS PHONE:** 310-606-5555

**MAIL ADDRESS:**
- **STREET 1:** 3300 HIGHLAND AVE
- **CITY:** MANHATTAN BEACH
- **STATE:** CA
- **ZIP:** 90266

## Series and Classes Contracts Data

### Cambria Emerging Shareholder Yield ETF (Series ID: S000037636)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000116084 | Cambria Emerging Shareholder Yield ETF | EYLD            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Cambria Emerging Shareholder Yield ETF** | **Cambria Emerging Shareholder Yield ETF** | **Cambria Emerging Shareholder Yield ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 97.8%** | **Shares** | **Value**  |
| **Brazil - 5.2%** | **Brazil - 5.2%** | |
| Cia de Saneamento de Minas Gerais Copasa MG | 1004592 | $4630465 |
| Cyrela Brazil Realty SA Empreendimentos e Participacoes | 1027609 | 4477799 |
| Direcional Engenharia SA | 882177 | 6126896 |
| Petroleo Brasileiro SA - Petrobras | 618690 | 3934522 |
| TIM SA | 1338240 | 4930377 |
| Vibra Energia SA | 1168970 | 4440355 |
|  |  | 28540414 |
| **China - 20.4%** | **China - 20.4%** |  |
| Anhui Conch Cement Co. Ltd. - Class H | 1319489 | 3815592 |
| Bank of Communications Co. Ltd. - Class H | 7322145 | 6594594 |
| CGN Power Co. Ltd. - Class H <sup>(a)</sup> | 16407586 | 6165908 |
| China Feihe Ltd. <sup>(a)</sup> | 6288794 | 3741232 |
| China Pacific Insurance Group Co. Ltd. - Class H | 1627703 | 6562650 |
| China Petroleum & Chemical Corp. - Class H | 9465987 | 5546948 |
| China Shenhua Energy Co. Ltd. - Class H | 1092344 | 4738129 |
| COSCO SHIPPING Holdings Co. Ltd. - Class H | 2742567 | 5016976 |
| Fufeng Group Ltd. | 5841878 | 6452112 |
| Huadian Power International Corp. Ltd. - Class H | 13068288 | 7025245 |
| JNBY Design Ltd. | 2756022 | 6530192 |
| Lonking Holdings Ltd. | 17008316 | 5763328 |
| People's Insurance Co. Group of China Ltd. - Class H | 13912076 | 10704324 |
| PetroChina Co. Ltd. - Class H | 7726610 | 7549439 |
| PICC Property & Casualty Co. Ltd. - Class H | 2636329 | 5480878 |
| Shenzhen Expressway Corp. Ltd. - Class H | 4100402 | 3525823 |
| Sinopec Engineering Group Co. Ltd. - Class H | 7195633 | 5591511 |
| Zhuzhou CRRC Times Electric Co. Ltd. - Class H | 1231077 | 5002721 |
| Zoomlion Heavy Industry Science and Technology Co. Ltd. - Class H | 6638178 | 5175242 |
|  |  | 110982844 |
| **Czech Republic - 2.1%** | **Czech Republic - 2.1%** |  |
| CEZ AS | 108951 | 6322847 |
| Komercni Banka AS | 110268 | 5267885 |
|  |  | 11590732 |
| **Greece - 3.5%** | **Greece - 3.5%** |  |
| Eurobank Ergasias Services and Holdings SA | 1854489 | 6852723 |
| National Bank of Greece SA | 487729 | 6840573 |
| Piraeus Financial Holdings SA | 707811 | 5468498 |
|  |  | 19161794 |
| **Hungary - 0.9%** | **Hungary - 0.9%** |  |
| Magyar Telekom Telecommunications PLC | 936373 | 4653995 |
| **India - 4.7%** | **India - 4.7%** |  |
| Bank of Baroda | 771696 | 2095502 |
| Coal India Ltd. | 829518 | 3563853 |
| Indian Bank | 833031 | 5912132 |
| Oil & Natural Gas Corp. Ltd. | 1216332 | 3346349 |
| Oil India Ltd. | 1235169 | 6204134 |
| Vedanta Ltd. | 878370 | 4268077 |
|  |  | 25390047 |
| **Indonesia - 1.0%** | **Indonesia - 1.0%** |  |
| Indo Tambangraya Megah Tbk PT | 1853941 | 2591348 |
| United Tractors Tbk PT | 2093270 | 3072165 |
|  |  | 5663513 |
| **Mexico - 2.9%** | **Mexico - 2.9%** |  |
| Arca Continental SAB de CV | 597841 | 6232884 |
| Banco del Bajio SA <sup>(a)</sup> | 1733693 | 3896559 |
| Genomma Lab Internacional SAB de CV - Class B | 4767899 | 5504630 |
|  |  | 15634073 |
| **Poland - 5.2%** | **Poland - 5.2%** |  |
| Alior Bank SA | 208742 | 5639719 |
| Bank Polska Kasa Opieki SA | 109317 | 5971152 |
| Powszechna Kasa Oszczednosci Bank Polski SA | 218624 | 4805872 |
| Powszechny Zaklad Ubezpieczen SA | 310455 | 5220710 |
| XTB SA <sup>(a)</sup> | 337949 | 6768809 |
|  |  | 28406262 |
| **Russia - 0.0%<sup>(b)</sup>** | **Russia - 0.0%<sup>(b)</sup>** |  |
| Alrosa PJSC <sup>(c)</sup> | 538800 | 0<br> <sup>(d)</sup>  |
| Federal Grid Co. - Rosseti PJSC <sup>(c)(e)</sup> | 328200000 | 4 |
| Gazprom Neft PJSC <sup>(c)</sup> | 223200 | 0 |
| Gazprom PJSC <sup>(c)(e)</sup> | 423000 | 0<br> <sup>(d)</sup>  |
| Inter RAO UES PJSC <sup>(c)(e)</sup> | 11040000 | 0<br> <sup>(d)</sup>  |
| LUKOIL PJSC <sup>(c)(e)</sup> | 17160 | 0 |
| Magnitogorsk Iron & Steel Works PJSC <sup>(c)</sup> | 1560000 | 0<br> <sup>(d)</sup>  |
| NovaBev Group PJSC <sup>(c)</sup> | 162720 | 0 |
| Novolipetsk Steel PJSC <sup>(c)(e)</sup> | 458400 | 0<br> <sup>(d)</sup>  |
| OGK-2 PJSC <sup>(c)(e)</sup> | 94200000 | 1 |
| Sberbank of Russia PJSC <sup>(c)</sup> | 276600 | 0 |
| Severstal PAO <sup>(c)</sup> | 85200 | 0 |
| Unipro PAO <sup>(c)(e)</sup> | 21240000 | 1<br> <sup>(d)</sup>  |
|  |  | 6 |
| **South Africa - 9.2%** | **South Africa - 9.2%** |  |
| Exxaro Resources Ltd. | 362360 | 3168418 |
| FirstRand Ltd. | 1029785 | 4378901 |
| Investec Ltd. | 733685 | 5411537 |
| Investec PLC | 734349 | 5401922 |
| Motus Holdings Ltd. | 948668 | 4834412 |
| Nedbank Group Ltd. | 346525 | 4728510 |
| Reunert Ltd. | 1716502 | 5263641 |
| Sanlam Ltd. | 1105744 | 5319833 |
| Tiger Brands Ltd. | 397464 | 6622127 |
| Truworths International Ltd. | 1205958 | 4682490 |
|  |  | 49811791 |
| **South Korea - 16.8%** | **South Korea - 16.8%** |  |
| DB Insurance Co. Ltd. | 75332 | 6953055 |
| Doosan Bobcat, Inc. | 97029 | 3876122 |
| GS Holdings Corp. | 141146 | 5017665 |
| Hanmi Semiconductor Co. Ltd. | 78293 | 5188294 |
| HD Hyundai Co. Ltd. | 82903 | 8524638 |
| HD Hyundai Construction Equipment Co. Ltd. | 108261 | 7228850 |
| KB Financial Group, Inc. | 88089 | 7044325 |
| KEPCO Plant Service & Engineering Co. Ltd. | 161095 | 6063714 |
| Kia Corp. | 78699 | 5805385 |
| KT&G Corp. | 68483 | 6454231 |
| LG Uplus Corp. | 475601 | 5017337 |
| Samsung C&T Corp. | 41417 | 5032279 |
| Samsung Life Insurance Co. Ltd. | 71195 | 6463405 |
| Shinhan Financial Group Co. Ltd. | 107202 | 5256516 |
| Woori Financial Group, Inc. | 431559 | 7686406 |
|  |  | 91612222 |
| **Taiwan - 24.3%** | **Taiwan - 24.3%** |  |
| Advancetek Enterprise Co. Ltd. | 2496451 | 5854814 |
| Asustek Computer, Inc. | 392749 | 8710942 |
| Catcher Technology Co. Ltd. | 859756 | 6106651 |
| Chicony Electronics Co. Ltd. | 1614161 | 7084516 |
| Dimerco Express Corp. | 2432575 | 6177710 |
| Evergreen Marine Corp. Taiwan Ltd. | 995574 | 6604361 |
| EVERGREEN Steel Corp. | 1217131 | 3298966 |
| Fusheng Precision Co. Ltd. | 5398 | 50820 |
| Holy Stone Enterprise Co. Ltd. | 1459009 | 3915458 |
| Huaku Development Co. Ltd. | 1694619 | 5410745 |
| IEI Integration Corp. | 2340617 | 6022594 |
| ITE Technology, Inc. | 1748012 | 7730550 |
| L&K Engineering Co. Ltd. | 799433 | 8718165 |
| Novatek Microelectronics Corp. | 297974 | 4742027 |
| O-TA Precision Industry Co. Ltd. | 249420 | 437044 |
| Powertech Technology, Inc. | 846813 | 3574786 |
| Radiant Opto-Electronics Corp. | 1155609 | 5342961 |
| Systex Corp. | 1451746 | 5325947 |
| TaiDoc Technology Corp. | 859750 | 3571790 |
| Tong Yang Industry Co. Ltd. | 1269881 | 4467292 |
| Transcend Information, Inc. | 1451622 | 4600836 |
| Tripod Technology Corp. | 1155724 | 10841870 |
| Utechzone Co. Ltd. | 1568141 | 4728459 |
| Winstek Semiconductor Co. Ltd. | 1229164 | 3978130 |
| Wisdom Marine Lines Co. Ltd. | 2346520 | 4599093 |
|  |  | 131896527 |
| **Turkey - 1.6%** | **Turkey - 1.6%** |  |
| Enerjisa Enerji AS <sup>(a)</sup> | 3011953 | 4804167 |
| Turkiye Petrol Rafinerileri AS | 893667 | 3718224 |
|  |  | 8522391 |
| **TOTAL COMMON STOCKS** (Cost $455,494,656) | **TOTAL COMMON STOCKS** (Cost $455,494,656) | 531866611 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.5%** |  |  |
| First American Treasury Obligations Fund - Class X, 4.24%<sup>(f)</sup> | 8177451 | 8177451 |
| **TOTAL MONEY MARKET FUNDS** (Cost $8,177,451) | **TOTAL MONEY MARKET FUNDS** (Cost $8,177,451) | 8177451 |
| **TOTAL INVESTMENTS - 99.3% (**Cost $463,672,107**)** | **TOTAL INVESTMENTS - 99.3% (**Cost $463,672,107**)** | 540044062 |
| Other Assets in Excess of Liabilities - 0.7% | Other Assets in Excess of Liabilities - 0.7% | 3717692 |
| **TOTAL NET ASSETS - 100.0%** |  | $543761754 |
| two | two | –% |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets.<br>AS – Aksjeselskap<br> PAO – Russian Public Stock Company | Percentages are stated as a percent of net assets.<br>AS – Aksjeselskap<br> PAO – Russian Public Stock Company | –% |

---

---

| |
|:---|
| PJSC - Public Joint Stock Company |
| PLC - Public Limited Company |
| PT – Perseroan Terbatas<br> SA – Sociedad Anónima<br> SAB de CV – Sociedad Anónima Bursátil de Capital Variable |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of July 31, 2025, the value of these securities total $25,376,675 or 4.7% of the Fund's net assets.

(b) Represents less than 0.05% of net assets.

(c) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
 represented $6 or 0.0% of net assets as of July 31, 2025.

(d) Rounds to zero.

(e) Non-income producing security.

(f) The rate shown represents the 7-day annualized effective yield as of July 31, 2025.

------

#### Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
Cambria Emerging Shareholder Yield ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** <sup>(a)</sup> | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $531866605 | $– | $6 | $531866611 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 8177451 | – | – | 8177451 |
| Total Investments | $540044056 | $– | $6 | $540044062 |
| (a) A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.<br>Refer to the Schedule of Investments for further disaggregation of investment categories. | (a) A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.<br>Refer to the Schedule of Investments for further disaggregation of investment categories. | (a) A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.<br>Refer to the Schedule of Investments for further disaggregation of investment categories. | (a) A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.<br>Refer to the Schedule of Investments for further disaggregation of investment categories. | (a) A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.<br>Refer to the Schedule of Investments for further disaggregation of investment categories. |
| Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. |

---

---

| | | |
|:---|:---|:---|
| **Sector Classification as of July 31, 2025** | **Sector Classification as of July 31, 2025** | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% of Total Investments) |  |  |
| Financials | $152726990 | 28.7<br> <sup>(a)</sup>% |
| Industrials | 88657201 | 16.7 |
| Information Technology | 87894021 | 16.5 |
| Energy | 55958167 | 10.5 |
| Consumer Discretionary | 41852685 | 7.9 |
| Utilities | 28948638 | 5.5 |
| Consumer Staples | 23050474 | 4.3 |
| Materials | 17834747 | 3.4 |
| Communication Services | 14601709 | 2.7 |
| Real Estate | 11265559 | 2.1 |
| Health Care | 9076420 | 1.7 |
| **Total Investments** | $**531866611** | 100.0<br> **%** |

---

Percentages are stated as a percent of total investments, excluding short-term investments.

(a) To the extent that the Fund invests a significant portion of its assets in securities of companies of a single sector, it is more likely to be impacted by events or conditions affecting the sector. <br>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Cambria ETF Trust

- **b. Investment Company Act file number:** 811-22704

- **c. CIK number of Registrant:** 0001529390

- **d. LEI of Registrant:** 254900RHN8DQYNXKZQ96

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

  - **Street Address 1:** 3300 HIGHLAND AVENUE

  - **City:** MANHATTAN BEACH

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90266

  - **Telephone number:** 310-606-5555

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

- **a. Name of Series:** Cambria Emerging Shareholder Yield ETF

- **b. EDGAR series identifier (if any):** S000037636

- **c. LEI of Series:** 549300H3KS10HVG64A63

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $546484292.25

**Total Liabilities:** $2721965.05

**Net Assets:** $543762327.20

**Cash Not Reported:** $1659990.86

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000116084 | 8.29%                | 5.45%                | 1.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3183445.90             | $40619618.77                               |
| Month 2  | $-2255149.88             | $22120616.21                               |
| Month 3  | $-3007884.76             | $5937572.87                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Magyar Telekom Telecommunicati | Magyar Telekom Telecommunications PLC                   | CUSIP: N/A<br>LEI: 529900CA1YDA41X76751       | Long             | EC               | CORP              | HU        |    936373 | NS      | $4653995.13   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil & Natural Gas Corp Ltd     | Oil & Natural Gas Corp Ltd                              | CUSIP: N/A<br>LEI: 335800FPDZ9MRSNO7N41       | Long             | EC               | CORP              | IN        |   1216332 | NS      | $3346349.26   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Novatek Microelectronics Corp  | Novatek Microelectronics Corp                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    297974 | NS      | $4742026.97   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Nedbank Group Ltd              | Nedbank Group Ltd                                       | CUSIP: N/A<br>LEI: 3789009E42FA3CB31065       | Long             | EC               | CORP              | ZA        |    346525 | NS      | $4728509.94   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonking Holdings Ltd           | Lonking Holdings Ltd                                    | CUSIP: N/A<br>LEI: 5299004M92ACMGS3QI84       | Long             | EC               | CORP              | CN        |  17008316 | NS      | $5763327.46   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OGK-2 PJSC                     | OGK-2 PJSC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |  94200000 | NS      | $1.16         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| NovaBev Group PJSC             | NovaBev Group PJSC                                      | CUSIP: N/A<br>LEI: 253400FP5DXXTX342U03       | Long             | EC               | CORP              | RU        |    162720 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Novolipetsk Steel PJSC         | Novolipetsk Steel PJSC                                  | CUSIP: N/A<br>LEI: 213800913TPW32I84456       | Long             | EC               | CORP              | RU        |    458400 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LUKOIL PJSC                    | LUKOIL PJSC                                             | CUSIP: N/A<br>LEI: 549300LCJ1UJXHYBWI24       | Long             | EC               | CORP              | RU        |     17160 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Magnitogorsk Iron & Steel Work | Magnitogorsk Iron & Steel Works PJSC                    | CUSIP: N/A<br>LEI: 253400XSJ4C01YMCXG44       | Long             | EC               | CORP              | RU        |   1560000 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Motus Holdings Ltd             | Motus Holdings Ltd                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |    948668 | NS      | $4834411.61   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Greece SA     | National Bank of Greece SA                              | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |    487729 | NS      | $6840573.58   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Holdings Corp               | GS Holdings Corp                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    141146 | NS      | $5017664.98   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Semiconductor Co Ltd     | Hanmi Semiconductor Co Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     78293 | NS      | $5188294.42   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Genomma Lab Internacional SAB  | Genomma Lab Internacional SAB de CV                     | CUSIP: P48318102<br>LEI: 984500B7084AA76ACF85 | Long             | EC               | CORP              | MX        |   4767899 | NS      | $5504629.75   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Co Ltd              | HD Hyundai Co Ltd                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     82903 | NS      | $8524637.87   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Polska Kasa Opieki SA     | Bank Polska Kasa Opieki SA                              | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |    109317 | NS      | $5971151.79   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CEZ AS                         | CEZ AS                                                  | CUSIP: N/A<br>LEI: 529900S5R9YHJHYKKG94       | Long             | EC               | CORP              | CZ        |    108951 | NS      | $6322847.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Catcher Technology Co Ltd      | Catcher Technology Co Ltd                               | CUSIP: N/A<br>LEI: 5299006PRSCU66N5JF55       | Long             | EC               | CORP              | TW        |    859756 | NS      | $6106651.21   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CGN Power Co Ltd               | CGN Power Co Ltd                                        | CUSIP: N/A<br>LEI: 529900D2UINCGWQYBK45       | Long             | EC               | CORP              | CN        |  16407586 | NS      | $6165908.11   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SINOPEC CORP                   | China Petroleum & Chemical Corp                         | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | CN        |   9465987 | NS      | $5546947.80   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shinhan Financial Group Co Ltd | Shinhan Financial Group Co Ltd                          | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |    107202 | NS      | $5256515.72   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyrela Brazil Realty SA Empree | Cyrela Brazil Realty SA Empreendimentos e Participacoes | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1027609 | NS      | $4477799.04   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Expressway Corp Ltd   | Shenzhen Expressway Corp Ltd                            | CUSIP: N/A<br>LEI: 300300TWTZYZK4ZONP37       | Long             | EC               | CORP              | CN        |   4100402 | NS      | $3525823.38   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SINOPEC SEG                    | Sinopec Engineering Group Co Ltd                        | CUSIP: N/A<br>LEI: 529900MZVFFC7D57VV51       | Long             | EC               | CORP              | CN        |   7195633 | NS      | $5591510.99   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund                | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   7945596 | NS      | $7945596.03   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| HUADIAN POWER                  | Huadian Power International Corp Ltd                    | CUSIP: N/A<br>LEI: 529900207FCOKWBDRE79       | Long             | EC               | CORP              | CN        |  13068288 | NS      | $7025245.27   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DB Insurance Co Ltd            | DB Insurance Co Ltd                                     | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |     75332 | NS      | $6953054.51   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Holy Stone Enterprise Co Ltd   | Holy Stone Enterprise Co Ltd                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1459009 | NS      | $3915457.61   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Huaku Development Co Ltd       | Huaku Development Co Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1694619 | NS      | $5410744.79   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergreen Marine Corp Taiwan L | Evergreen Marine Corp Taiwan Ltd                        | CUSIP: N/A<br>LEI: 254900EIJA0A39C5SO15       | Long             | EC               | CORP              | TW        |    995574 | NS      | $6604360.57   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| IEI Integration Corp           | IEI Integration Corp                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   2340617 | NS      | $6022594.37   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dimerco Express Corp           | Dimerco Express Corp                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   2432575 | NS      | $6177709.52   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxaro Resources Ltd           | Exxaro Resources Ltd                                    | CUSIP: S26949107<br>LEI: 378900BC3D9BFF4E4A37 | Long             | EC               | CORP              | ZA        |    362360 | NS      | $3168418.35   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ITE Technology Inc             | ITE Technology Inc                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1748012 | NS      | $7730549.76   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstRand Ltd                  | FirstRand Ltd                                           | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |   1029785 | NS      | $4378900.49   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd | COSCO SHIPPING Holdings Co Ltd                          | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |   2742567 | NS      | $5016976.07   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Investec Ltd                   | Investec Ltd                                            | CUSIP: N/A<br>LEI: 213800CU7SM6O4UWOZ70       | Long             | EC               | CORP              | ZA        |    733685 | NS      | $5411537.31   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Investec PLC                   | Investec PLC                                            | CUSIP: N/A<br>LEI: 2138007Z3U5GWDN3MY22       | Long             | EC               | CORP              | ZA        |    734349 | NS      | $5401922.24   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CRRC TIMES ELEC                | Zhuzhou CRRC Times Electric Co Ltd                      | CUSIP: N/A<br>LEI: 529900PLNH7NQLN00B53       | Long             | EC               | CORP              | CN        |   1231077 | NS      | $5002720.55   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Fufeng Group Ltd               | Fufeng Group Ltd                                        | CUSIP: N/A<br>LEI: 549300OQ91X6COVM4483       | Long             | EC               | CORP              | CN        |   5841878 | NS      | $6452112.39   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Bank                    | Indian Bank                                             | CUSIP: N/A<br>LEI: 5493008JR8FCVQ6FJL94       | Long             | EC               | CORP              | IN        |    833031 | NS      | $5912132.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Indo Tambangraya Megah Tbk PT  | Indo Tambangraya Megah Tbk PT                           | CUSIP: N/A<br>LEI: 52990056ZNHB217ZKL92       | Long             | EC               | CORP              | ID        |   1853941 | NS      | $2591348.71   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| KEPCO Plant Service & Engineer | KEPCO Plant Service & Engineering Co Ltd                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    161095 | NS      | $6063714.31   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CPIC                           | China Pacific Insurance Group Co Ltd                    | CUSIP: N/A<br>LEI: 529900BA5ILEL308WX03       | Long             | EC               | CORP              | CN        |   1627703 | NS      | $6562649.68   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc         | KB Financial Group Inc                                  | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |     88089 | NS      | $7044325.14   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Gazprom Neft PJSC              | Gazprom Neft PJSC                                       | CUSIP: N/A<br>LEI: 253400KXA9P2AN72P004       | Long             | EC               | CORP              | RU        |    223200 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Gazprom PJSC                   | Gazprom PJSC                                            | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |    423000 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Federal Grid Co - Rosseti PJSC | Federal Grid Co - Rosseti PJSC                          | CUSIP: N/A<br>LEI: 253400FZQ7Z49QZNSG30       | Long             | EC               | CORP              | RU        | 328200000 | NS      | $4.05         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Direcional Engenharia SA       | Direcional Engenharia SA                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    882177 | NS      | $6126896.54   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Inter RAO UES PJSC             | Inter RAO UES PJSC                                      | CUSIP: N/A<br>LEI: 253400PMFKF8Q8G1FA17       | Long             | EC               | CORP              | RU        |  11040000 | NS      | $0.14         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Enerjisa Enerji AS             | Enerjisa Enerji AS                                      | CUSIP: N/A<br>LEI: 789000D0QULW3EE31N02       | Long             | EC               | CORP              | TR        |   3011953 | NS      | $4804166.96   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Fusheng Precision Co Ltd       | Fusheng Precision Co Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      5398 | NS      | $50819.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Construction Equipm | HD Hyundai Construction Equipment Co Ltd                | CUSIP: N/A<br>LEI: 988400SUTJA1BDSX0Y30       | Long             | EC               | CORP              | KR        |    108261 | NS      | $7228849.58   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERGREEN Steel Corp           | EVERGREEN Steel Corp                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1217131 | NS      | $3298966.34   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Doosan Bobcat Inc              | Doosan Bobcat Inc                                       | CUSIP: N/A<br>LEI: 9884007K6X0Q0112FX44       | Long             | EC               | CORP              | KR        |     97029 | NS      | $3876122.44   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurobank Ergasias Services and | Eurobank Ergasias Services and Holdings SA              | CUSIP: N/A<br>LEI: JEUVK5RWVJEN8W0C9M24       | Long             | EC               | CORP              | GR        |   1854489 | NS      | $6852722.77   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JNBY Design Ltd                | JNBY Design Ltd                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   2756022 | NS      | $6530192.25   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROBRAS                      | Petroleo Brasileiro SA - Petrobras                      | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |    618690 | NS      | $3934521.68   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental SAB de CV     | Arca Continental SAB de CV                              | CUSIP: P0448R103<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |    597841 | NS      | $6232884.59   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC        | Sberbank of Russia PJSC                                 | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |    276600 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Asustek Computer Inc           | Asustek Computer Inc                                    | CUSIP: N/A<br>LEI: 254900B3WB4OGRB7HM13       | Long             | EC               | CORP              | TW        |    392749 | NS      | $8710941.89   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Anhui Conch Cement Co Ltd      | Anhui Conch Cement Co Ltd                               | CUSIP: N/A<br>LEI: 300300JVKW56SSAEQZ33       | Long             | EC               | CORP              | CN        |   1319489 | NS      | $3815592.39   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Truworths International Ltd    | Truworths International Ltd                             | CUSIP: N/A<br>LEI: 37890099AFD770037522       | Long             | EC               | CORP              | ZA        |   1205958 | NS      | $4682490.05   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Vedanta Ltd                    | Vedanta Ltd                                             | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |    878370 | NS      | $4268076.78   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicony Electronics Co Ltd     | Chicony Electronics Co Ltd                              | CUSIP: N/A<br>LEI: 254900JBP5GB5B1IHS51       | Long             | EC               | CORP              | TW        |   1614161 | NS      | $7084515.99   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| O-TA Precision Industry Co Ltd | O-TA Precision Industry Co Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    333420 | NS      | $584232.05    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PetroChina Co Ltd              | PetroChina Co Ltd                                       | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   7726610 | NS      | $7549439.32   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| United Tractors Tbk PT         | United Tractors Tbk PT                                  | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |   2093270 | NS      | $3072164.72   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tripod Technology Corp         | Tripod Technology Corp                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1155724 | NS      | $10841870.17  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcend Information Inc      | Transcend Information Inc                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1451622 | NS      | $4600835.62   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Radiant Opto-Electronics Corp  | Radiant Opto-Electronics Corp                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1155609 | NS      | $5342961.45   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Systex Corp                    | Systex Corp                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1451746 | NS      | $5325946.46   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Powertech Technology Inc       | Powertech Technology Inc                                | CUSIP: N/A<br>LEI: 254900O6KNZXH2RI9Q14       | Long             | EC               | CORP              | TW        |    846813 | NS      | $3574786.43   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PICC P&C                       | PICC Property & Casualty Co Ltd                         | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |   2636329 | NS      | $5480877.62   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Winstek Semiconductor Co Ltd   | Winstek Semiconductor Co Ltd                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1229164 | NS      | $3978130.24   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Reunert Ltd                    | Reunert Ltd                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |   1716502 | NS      | $5263641.07   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Advancetek Enterprise Co Ltd   | Advancetek Enterprise Co Ltd                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   2496451 | NS      | $5854814.31   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tong Yang Industry Co Ltd      | Tong Yang Industry Co Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1269881 | NS      | $4467292.24   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Petrol Rafinerileri AS | Turkiye Petrol Rafinerileri AS                          | CUSIP: N/A<br>LEI: 789000RCNG97UV50EE03       | Long             | EC               | CORP              | TR        |    893667 | NS      | $3718223.57   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechna Kasa Oszczednosci B | Powszechna Kasa Oszczednosci Bank Polski SA             | CUSIP: N/A<br>LEI: P4GTT6GF1W40CVIMFR43       | Long             | EC               | CORP              | PL        |    218624 | NS      | $4805871.87   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Utechzone Co Ltd               | Utechzone Co Ltd                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1568141 | NS      | $4728459.33   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| China Shenhua Energy Co Ltd    | China Shenhua Energy Co Ltd                             | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40       | Long             | EC               | CORP              | CN        |   1092344 | NS      | $4738129.07   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Communications Co Ltd  | Bank of Communications Co Ltd                           | CUSIP: N/A<br>LEI: 549300AX1UM10U30HK09       | Long             | EC               | CORP              | CN        |   7322145 | NS      | $6594594.29   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tiger Brands Ltd               | Tiger Brands Ltd                                        | CUSIP: N/A<br>LEI: 529900C57HAFZAHHBC90       | Long             | EC               | CORP              | ZA        |    397464 | NS      | $6622127.17   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanlam Ltd                     | Sanlam Ltd                                              | CUSIP: N/A<br>LEI: 37890014418406D9FC23       | Long             | EC               | CORP              | ZA        |   1105744 | NS      | $5319832.80   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| COPASA                         | Cia de Saneamento de Minas Gerais Copasa MG             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1004592 | NS      | $4630464.86   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Life Insurance Co Ltd  | Samsung Life Insurance Co Ltd                           | CUSIP: N/A<br>LEI: 988400VYE6E0WYSM4S92       | Long             | EC               | CORP              | KR        |     71195 | NS      | $6463405.32   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Unipro PAO                     | Unipro PAO                                              | CUSIP: N/A<br>LEI: 253400DR5QSH8MEGZZ11       | Long             | EC               | CORP              | RU        |  21240000 | NS      | $0.26         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TaiDoc Technology Corp         | TaiDoc Technology Corp                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    859750 | NS      | $3571789.93   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil India Ltd                  | Oil India Ltd                                           | CUSIP: N/A<br>LEI: 335800XXEP14XISP1A16       | Long             | EC               | CORP              | IN        |   1235169 | NS      | $6204133.73   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisdom Marine Lines Co Ltd     | Wisdom Marine Lines Co Ltd                              | CUSIP: N/A<br>LEI: 2138002Y4SAHF7NM3W37       | Long             | EC               | CORP              | TW        |   2346520 | NS      | $4599092.72   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Coal India Ltd                 | Coal India Ltd                                          | CUSIP: N/A<br>LEI: 335800NLJQZNHM9LBB31       | Long             | EC               | CORP              | IN        |    829518 | NS      | $3563853.36   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOMLION CO. LTD.              | Zoomlion Heavy Industry Science and Technology Co Ltd   | CUSIP: N/A<br>LEI: 529900QZ3EMAU0QKFK85       | Long             | EC               | CORP              | CN        |   6638178 | NS      | $5175241.96   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Severstal PAO                  | Severstal PAO                                           | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | RU        |     85200 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PZU                            | Powszechny Zaklad Ubezpieczen SA                        | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |    310455 | NS      | $5220710.62   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Alrosa PJSC                    | Alrosa PJSC                                             | CUSIP: N/A<br>LEI: 894500DKUWVBYZLLE651       | Long             | EC               | CORP              | RU        |    538800 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| People's Insurance Co Group of | People's Insurance Co Group of China Ltd/The            | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | CN        |  13912076 | NS      | $10704323.44  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Alior Bank SA                  | Alior Bank SA                                           | CUSIP: N/A<br>LEI: 259400QHDOZWMJ103294       | Long             | EC               | CORP              | PL        |    208742 | NS      | $5639718.62   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Woori Financial Group Inc      | Woori Financial Group Inc                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    431559 | NS      | $7686405.61   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| China Feihe Ltd                | China Feihe Ltd                                         | CUSIP: G2121Q105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   6288794 | NS      | $3741231.59   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TIM SA/Brazil                  | TIM SA/Brazil                                           | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |   1338240 | NS      | $4930376.76   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Financial Holdings SA  | Piraeus Financial Holdings SA                           | CUSIP: N/A<br>LEI: M6AD1Y1KW32H8THQ6F76       | Long             | EC               | CORP              | GR        |    707811 | NS      | $5468497.69   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vibra Energia SA               | Vibra Energia SA                                        | CUSIP: N/A<br>LEI: 549300U7VLJ3SYVNY689       | Long             | EC               | CORP              | BR        |   1168970 | NS      | $4440355.37   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung C&T Corp               | Samsung C&T Corp                                        | CUSIP: N/A<br>LEI: 988400GFRE4IDFPE9E64       | Long             | EC               | CORP              | KR        |     41417 | NS      | $5032278.99   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Baroda                 | Bank of Baroda                                          | CUSIP: N/A<br>LEI: 549300CQ6M9Q0TJEZR23       | Long             | EC               | CORP              | IN        |    771696 | NS      | $2095501.68   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco del Bajio SA             | Banco del Bajio SA                                      | CUSIP: N/A<br>LEI: 4469000001BD95FFLY16       | Long             | EC               | CORP              | MX        |   1733693 | NS      | $3896558.88   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| XTB SA                         | XTB SA                                                  | CUSIP: N/A<br>LEI: 259400AVUPSABLEXNT19       | Long             | EC               | CORP              | PL        |    337949 | NS      | $6768809.47   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Komercni Banka AS              | Komercni Banka AS                                       | CUSIP: N/A<br>LEI: IYKCAVNFR8QGF00HV840       | Long             | EC               | CORP              | CZ        |    110268 | NS      | $5267885.32   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| KT&G Corp                      | KT&G Corp                                               | CUSIP: N/A<br>LEI: 988400ZJV6ISYBLQX875       | Long             | EC               | CORP              | KR        |     68483 | NS      | $6454231.40   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Uplus Corp                  | LG Uplus Corp                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    475601 | NS      | $5017336.77   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| L&K Engineering Co Ltd         | L&K Engineering Co Ltd                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    799433 | NS      | $8718165.39   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Kia Corp                       | Kia Corp                                                | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     78699 | NS      | $5805384.84   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Cambria ETF Trust

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer