# EDGAR Filing Document

**Accession Number:** 0001022804
**File Stem:** 0002071691-25-009313
**Filing Date:** 2025-12
**Character Count:** 71952
**Document Hash:** 53b2409aa2aff3186e61de9bee007ad5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-009313.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-009313

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN FUND ALLOCATOR SERIES
- **CENTRAL INDEX KEY:** 0001022804

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07851
- **FILM NUMBER:** 251595210

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-4018

**MAIL ADDRESS:**
- **STREET 1:** FRANKLIN FUND ALLOCATOR SERIES
- **STREET 2:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN TEMPLETON FUND ALLOCATOR SERIES
- **DATE OF NAME CHANGE:** 19960912

## Series and Classes Contracts Data

### Franklin Emerging Market Core Equity (IU) Fund (Series ID: S000066091)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000213628 | Advisor      | FCEEX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Fund Allocator Series

- **b. Investment Company Act file number:** 811-07851

- **c. CIK number of Registrant:** 0001022804

- **d. LEI of Registrant:** 5493009BPYLDNZHEMO31

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

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

- **a. Name of Series:** Franklin Emerging Market Core Equity (IU) Fund

- **b. EDGAR series identifier (if any):** S000066091

- **c. LEI of Series:** 549300RHSEWP5HCKT350

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $214700551.59

**Total Liabilities:** $488032.71

**Net Assets:** $214212518.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000213628 | 2.55%                | 6.62%                | 3.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1411676.94              | $2519841.26                                |
| Month 2  | $1183161.58              | $9384438.24                                |
| Month 3  | $-274658.70              | $5935486.71                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JD Logistics, Inc.                                       | JD Logistics, Inc.                                         | CUSIP: N/A<br>LEI: 655600LWTFVMV3E2A890       | Long             | EC               | CORP              | KY        |    301100 | NS      | $490854.44    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| United Spirits Ltd.                                      | United Spirits Ltd.                                        | CUSIP: N/A<br>LEI: 3358004YFWQVX2EZDE82       | Long             | EC               | CORP              | IN        |     24860 | NS      | $400857.30    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Hotels Co. Ltd.(The)                              | Indian Hotels Co. Ltd. (The), Class A                      | CUSIP: N/A<br>LEI: 33580076CH5SBY5HWA22       | Long             | EC               | CORP              | IN        |     35760 | NS      | $298597.29    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Asset Management Co. Ltd.                           | HDFC Asset Management Co. Ltd.                             | CUSIP: N/A<br>LEI: 3358002FLK8AK8WSEP31       | Long             | EC               | CORP              | IN        |      8772 | NS      | $531341.37    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| New Turkish Lira                                         | New Turkish Lira                                           | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | TR        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Largan Precision Co. Ltd.                                | Largan Precision Co. Ltd.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     13000 | NS      | $933064.41    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Holdings Co. Ltd.                         | COSCO SHIPPING Holdings Co. Ltd., Class H                  | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |    307500 | NS      | $533276.56    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Reinet Investments SCA                                   | Reinet Investments SCA                                     | CUSIP: N/A<br>LEI: 222100830RQTFVV22S80       | Long             | EC               | CORP              | LU        |     25882 | NS      | $827761.22    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                                                 | TOTVS SA                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     71400 | NS      | $588856.40    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                  | Vale SA                                                    | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |     19300 | NS      | $234113.33    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lupin Ltd.                                               | Lupin Ltd.                                                 | CUSIP: N/A<br>LEI: 335800HHXTESDEE2FC65       | Long             | EC               | CORP              | IN        |     46746 | NS      | $1034846.99   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| International Container Terminal Services, Inc.          | International Container Terminal Services, Inc.            | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61       | Long             | EC               | CORP              | PH        |    112030 | NS      | $1010441.91   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Etihad Etisalat Co.                                      | Etihad Etisalat Co.                                        | CUSIP: N/A<br>LEI: 2549007BA9ABDE3HVK79       | Long             | EC               | CORP              | SA        |     45668 | NS      | $823918.23    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| PhosAgro PJSC                                            | PhosAgro PJSC                                              | CUSIP: 71922G407<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |       206 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kasikornbank PCL                                         | Kasikornbank PCL                                           | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |    109200 | NS      | $629439.20    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar National Bank QPSC                                 | Qatar National Bank QPSC                                   | CUSIP: N/A<br>LEI: 549300FFSRVBS0SQXY75       | Long             | EC               | CORP              | QA        |     97084 | NS      | $493768.26    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Uplus Corp.                                           | LG Uplus Corp.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     37429 | NS      | $400363.54    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV           | Grupo Aeroportuario del Centro Norte SAB de CV, Class B    | CUSIP: N/A<br>LEI: 529900HUSBARAFSXJ605       | Long             | EC               | CORP              | MX        |     34000 | NS      | $418976.77    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Novatek Microelectronics Corp.                           | Novatek Microelectronics Corp.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     98000 | NS      | $1248632.25   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                               | Alibaba Group Holding Ltd.                                 | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |    316800 | NS      | $6741107.72   | 3.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                                  | Meituan Dianping, Class B                                  | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |    120610 | NS      | $1587559.89   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co. Ltd.                                      | PetroChina Co. Ltd., Class H                               | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   2674000 | NS      | $2764163.69   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Leapmotor Technology Co. Ltd.                   | Zhejiang Leapmotor Technology Co. Ltd., Class H            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     94700 | NS      | $709368.24    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co. Ltd.                                 | Wuliangye Yibin Co. Ltd., Class A                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     43400 | NS      | $726008.17    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co. Ltd.                      | Hon Hai Precision Industry Co. Ltd.                        | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |    158000 | NS      | $1314146.94   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Chilean Peso                                             | Chilean Peso                                               | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | CL        |       -27 | OU      | $-0.03        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Co. Ltd.                                      | HD Hyundai Co. Ltd.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      8316 | NS      | $1194453.64   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuaishou Technology                                      | Kuaishou Technology                                        | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |    244200 | NS      | $2267234.58   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Piraeus Financial Holdings SA                            | Piraeus Financial Holdings SA                              | CUSIP: N/A<br>LEI: M6AD1Y1KW32H8THQ6F76       | Long             | EC               | CORP              | GR        |    190667 | NS      | $1489150.48   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| China CITIC Bank Corp. Ltd.                              | China CITIC Bank Corp. Ltd., Class H                       | CUSIP: N/A<br>LEI: 300300C1030211000384       | Long             | EC               | CORP              | CN        |   1654000 | NS      | $1578091.41   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Power Ltd.                                         | Adani Power Ltd.                                           | CUSIP: N/A<br>LEI: 33580074T4XKFXBDG813       | Long             | EC               | CORP              | IN        |    471864 | NS      | $838067.54    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Land Ltd.                                | China Resources Land Ltd.                                  | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | KY        |    134000 | NS      | $484133.69    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co. Ltd.                                 | Kweichow Moutai Co. Ltd., Class A                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      2400 | NS      | $482756.92    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| NMDC Ltd.                                                | NMDC Ltd.                                                  | CUSIP: N/A<br>LEI: 335800IXHXOHQ7B2HP66       | Long             | EC               | CORP              | IN        |    553376 | NS      | $472081.86    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumber Alfaria Trijaya Tbk. PT                           | Sumber Alfaria Trijaya Tbk. PT                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   3485700 | NS      | $420905.17    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinotruk Hong Kong Ltd.                                  | Sinotruk Hong Kong Ltd.                                    | CUSIP: N/A<br>LEI: 529900BB4WA4W576X724       | Long             | EC               | CORP              | HK        |     67000 | NS      | $223835.98    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Rupiah                                                   | Rupiah                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | ID        |        -1 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kunlun Energy Co. Ltd.                                   | Kunlun Energy Co. Ltd.                                     | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |    358000 | NS      | $329068.64    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Komercni Banka A/S                                       | Komercni Banka A/S                                         | CUSIP: N/A<br>LEI: IYKCAVNFR8QGF00HV840       | Long             | EC               | CORP              | CZ        |      7930 | NS      | $405667.93    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.              | Taiwan Semiconductor Manufacturing Co. Ltd.                | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    568000 | NS      | $27468301.51  | 12.82%            |  |  |  | No            |                  2 | On Loan: No      |
| JD Health International, Inc.                            | JD Health International, Inc.                              | CUSIP: N/A<br>LEI: 254900OM3MAXYK8PCC84       | Long             | EC               | CORP              | KY        |     93400 | NS      | $729075.17    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Bosideng International Holdings Ltd.                     | Bosideng International Holdings Ltd.                       | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | KY        |    850000 | NS      | $520127.15    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                                | Kia Corp.                                                  | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |      4275 | NS      | $358581.11    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Pop Mart International Group Ltd.                        | Pop Mart International Group Ltd.                          | CUSIP: N/A<br>LEI: 9845000A05E8F937E337       | Long             | EC               | CORP              | KY        |     68800 | NS      | $1957024.90   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| CEZ A/S                                                  | CEZ A/S                                                    | CUSIP: N/A<br>LEI: 529900S5R9YHJHYKKG94       | Long             | EC               | CORP              | CZ        |     18173 | NS      | $1113080.65   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Indofood Sukses Makmur Tbk. PT                           | Indofood Sukses Makmur Tbk. PT                             | CUSIP: N/A<br>LEI: 529900E61EV2GTYWZ485       | Long             | EC               | CORP              | ID        |    720200 | NS      | $320499.90    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| DB Insurance Co. Ltd.                                    | DB Insurance Co. Ltd.                                      | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |      6231 | NS      | $553834.38    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Page Industries Ltd.                                     | Page Industries Ltd.                                       | CUSIP: N/A<br>LEI: 335800D6UFCCKUP3KD53       | Long             | EC               | CORP              | IN        |      1002 | NS      | $464807.93    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Holdings & Investment Ltd.                         | Bajaj Holdings & Investment Ltd.                           | CUSIP: N/A<br>LEI: 335800NL7NWD9IPOHL48       | Long             | EC               | CORP              | IN        |      2142 | NS      | $296829.10    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service PCL                                | Advanced Info Service PCL                                  | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |     19300 | NS      | $180284.03    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Larsen & Toubro Ltd.                                     | Larsen & Toubro Ltd.                                       | CUSIP: N/A<br>LEI: 3358003FR3JIC5FRXA90       | Long             | EC               | CORP              | IN        |     47722 | NS      | $2165360.32   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Innovent Biologics, Inc.                                 | Innovent Biologics, Inc.                                   | CUSIP: N/A<br>LEI: 25490058ONL9SCIE1R22       | Long             | EC               | CORP              | KY        |     22500 | NS      | $252395.89    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Want Want China Holdings Ltd.                            | Want Want China Holdings Ltd.                              | CUSIP: N/A<br>LEI: 5299005HZCEKX4O1J230       | Long             | EC               | CORP              | KY        |    754000 | NS      | $487255.10    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| People's Insurance Co. Group of China Ltd. (The)         | People's Insurance Co. Group of China Ltd. (The), Class H  | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | CN        |    468000 | NS      | $420315.34    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                    | Emaar Properties PJSC                                      | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |    484237 | NS      | $1873824.95   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Colgate-Palmolive India Ltd.                             | Colgate-Palmolive India Ltd.                               | CUSIP: N/A<br>LEI: 335800YWKI47DGFKWB26       | Long             | EC               | CORP              | IN        |     25148 | NS      | $635263.86    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| ORLEN SA                                                 | ORLEN SA                                                   | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74       | Long             | EC               | CORP              | PL        |     98498 | NS      | $2669677.49   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Severstal PAO                                            | Severstal PAO                                              | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | RU        |     48409 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Luzhou Laojiao Co. Ltd.                                  | Luzhou Laojiao Co. Ltd., Class A                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     18500 | NS      | $349759.15    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial Bank of Korea                                 | Industrial Bank of Korea                                   | CUSIP: N/A<br>LEI: 988400RBIWE3YA18PK12       | Long             | EC               | CORP              | KR        |     52593 | NS      | $712738.95    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Vipshop Holdings Ltd.                                    | Vipshop Holdings Ltd.                                      | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | KY        |     67037 | NS      | $1172477.13   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA                         | Powszechny Zaklad Ubezpieczen SA                           | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |    127856 | NS      | $2044311.53   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Yanbu National Petrochemical Co.                         | Yanbu National Petrochemical Co.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     50313 | NS      | $462629.43    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatari Rial                                              | Qatari Rial                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | QA        |         0 | OU      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencosud SA                                              | Cencosud SA                                                | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |    108040 | NS      | $335049.51    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                                           | HDFC Bank Ltd.                                             | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |    152847 | NS      | $1699482.71   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp.                              | Realtek Semiconductor Corp.                                | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |    106000 | NS      | $1770058.69   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| AMMB Holdings Bhd.                                       | AMMB Holdings Bhd.                                         | CUSIP: N/A<br>LEI: 254900R0GQB7U67SCH62       | Long             | EC               | CORP              | MY        |    429400 | NS      | $584079.61    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co. Ltd.                         | Shinhan Financial Group Co. Ltd.                           | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |     47182 | NS      | $2423387.04   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                             | Wal-Mart de Mexico SAB de CV                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    163700 | NS      | $541187.61    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Gruma SAB de CV                                          | Gruma SAB de CV, Class B                                   | CUSIP: N/A<br>LEI: 5493000XJLJ6C4T0PG82       | Long             | EC               | CORP              | MX        |     28615 | NS      | $485616.35    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ZTE Corp.                                                | ZTE Corp., Class A                                         | CUSIP: N/A<br>LEI: 3003004FBGVVG1CW5U45       | Long             | EC               | CORP              | CN        |     37200 | NS      | $227090.69    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Corp.                                              | Orion Corp.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      3961 | NS      | $275824.15    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Compal Electronics, Inc.                                 | Compal Electronics, Inc.                                   | CUSIP: N/A<br>LEI: 529900ZPKWFDL21LW166       | Long             | EC               | CORP              | TW        |    238000 | NS      | $254315.41    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| SABIC Agri-Nutrients Co.                                 | SABIC Agri-Nutrients Co.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     49689 | NS      | $1622345.29   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| PGE Polska Grupa Energetyczna SA                         | PGE Polska Grupa Energetyczna SA                           | CUSIP: N/A<br>LEI: 259400MP9VXR0E69MJ89       | Long             | EC               | CORP              | PL        |    159691 | NS      | $484227.11    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                                 | Itau Unibanco Holding SA                                   | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EP               | CORP              | BR        |    418490 | NS      | $3067918.03   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Riyad Bank                                               | Riyad Bank                                                 | CUSIP: N/A<br>LEI: 54930037RJ782ISGGM71       | Long             | EC               | CORP              | SA        |    192148 | NS      | $1395248.96   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Caixa Seguridade Participacoes SA                        | Caixa Seguridade Participacoes SA                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     93000 | NS      | $258777.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Aeronautics Ltd.                               | Hindustan Aeronautics Ltd.                                 | CUSIP: N/A<br>LEI: 335800AKDC7T933T3I86       | Long             | EC               | CORP              | IN        |     18021 | NS      | $949327.17    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Nongfu Spring Co. Ltd.                                   | Nongfu Spring Co. Ltd., Class H                            | CUSIP: N/A<br>LEI: 300300P08GGT4SKR9G93       | Long             | EC               | CORP              | CN        |    165400 | NS      | $1099505.42   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Investment Holdings Co. Ltd.                       | Korea Investment Holdings Co. Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      6887 | NS      | $878064.39    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Telecom Co. Ltd.                                      | SK Telecom Co. Ltd.                                        | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |      9050 | NS      | $331337.58    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service PCL                                | Advanced Info Service PCL                                  | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |     13700 | NS      | $127973.64    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Muthoot Finance Ltd.                                     | Muthoot Finance Ltd.                                       | CUSIP: N/A<br>LEI: 335800HAMJMBFL4RRF02       | Long             | EC               | CORP              | IN        |     23563 | NS      | $844266.11    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                    | Tencent Holdings Ltd.                                      | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    139400 | NS      | $11323150.12  | 5.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Great Wall Motor Co. Ltd.                                | Great Wall Motor Co. Ltd., Class H                         | CUSIP: N/A<br>LEI: 254900CR8AHWTMFZHH60       | Long             | EC               | CORP              | CN        |    490000 | NS      | $954076.61    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental SAB de CV                               | Arca Continental SAB de CV                                 | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               | CORP              | MX        |     99300 | NS      | $961759.13    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| King Slide Works Co. Ltd.                                | King Slide Works Co. Ltd.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      5000 | NS      | $663309.36    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Telekom Malaysia Bhd.                                    | Telekom Malaysia Bhd.                                      | CUSIP: N/A<br>LEI: 254900SNFPTSDGGVEK77       | Long             | EC               | CORP              | MY        |    124000 | NS      | $216100.74    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| GF Securities Co. Ltd.                                   | GF Securities Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 3003007E0Y3ZJ5HNA936       | Long             | EC               | CORP              | CN        |     61800 | NS      | $196233.92    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Kimberly-Clark de Mexico SAB de CV                       | Kimberly-Clark de Mexico SAB de CV, Class A                | CUSIP: N/A<br>LEI: 549300JGHL56QT00KT54       | Long             | EC               | CORP              | MX        |    153700 | NS      | $297497.21    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase, Inc.                                            | NetEase, Inc.                                              | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |    102000 | NS      | $2862195.05   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Sasol Ltd.                                               | Sasol Ltd.                                                 | CUSIP: 803866102<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |     50831 | NS      | $318028.19    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                           | MediaTek, Inc.                                             | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     76000 | NS      | $3223118.41   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Vedanta Ltd.                                             | Vedanta Ltd.                                               | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |    212507 | NS      | $1179741.78   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Colombian Peso                                           | Colombian Peso                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CO        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Dollar                                         | Hong Kong Dollar                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HK        |      3430 | OU      | $441.47       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings, Inc.                                       | PDD Holdings, Inc.                                         | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     10500 | NS      | $1416135.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Americana Restaurants International plc                  | Americana Restaurants International plc                    | CUSIP: N/A<br>LEI: 549300EYHRPEZ6UVAM64       | Long             | EC               | CORP              | AE        |    598186 | NS      | $340382.73    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank                                                 | OTP Bank Nyrt.                                             | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |     23396 | NS      | $2233275.17   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.                         | Apollo Hospitals Enterprise Ltd.                           | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |      3606 | NS      | $312069.56    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co. Ltd.                                             | BYD Co. Ltd., Class A                                      | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |     26400 | NS      | $374373.69    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Hithink RoyalFlush Information Network Co. Ltd.          | Hithink RoyalFlush Information Network Co. Ltd., Class A   | CUSIP: N/A<br>LEI: 300300TIQA4R0NPLQE78       | Long             | EC               | CORP              | CN        |      6800 | NS      | $346800.84    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| 3SBio, Inc.                                              | 3SBio, Inc.                                                | CUSIP: N/A<br>LEI: 529900P0TQC1E9Y7FN31       | Long             | EC               | CORP              | KY        |    353500 | NS      | $1406453.71   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Development PJSC                                   | Emaar Development PJSC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    185762 | NS      | $754576.42    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Yang Ming Marine Transport Corp.                         | Yang Ming Marine Transport Corp.                           | CUSIP: N/A<br>LEI: 254900WG2ACWNVSP6E13       | Long             | EC               | CORP              | TW        |    127000 | NS      | $236938.84    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA                                                   | TIM SA                                                     | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |    159900 | NS      | $721934.40    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA Sports Products Ltd.                                | ANTA Sports Products Ltd.                                  | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               | CORP              | KY        |     73200 | NS      | $764071.22    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co. Ltd.                 | Contemporary Amperex Technology Co. Ltd., Class A          | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |     44500 | NS      | $2433040.74   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Won                                                      | Won                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        |    226690 | OU      | $159.11       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd.                                 | Reliance Industries Ltd.                                   | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |     81282 | NS      | $1360079.31   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr. Reddy's Laboratories Ltd.                            | Dr. Reddy's Laboratories Ltd.                              | CUSIP: N/A<br>LEI: 335800OVDPY3DVZR2798       | Long             | EC               | CORP              | IN        |     16019 | NS      | $215539.88    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Ooredoo QPSC                                             | Ooredoo QPSC                                               | CUSIP: N/A<br>LEI: 549300D3EIDZJB62TR20       | Long             | EC               | CORP              | QA        |    147700 | NS      | $549666.30    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Itausa SA                                                | Itausa SA                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | BR        |   1073449 | NS      | $2324497.60   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co. Ltd.                 | Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A          | CUSIP: N/A<br>LEI: 2549003BT1XS3SE3E448       | Long             | EC               | CORP              | CN        |     28100 | NS      | $253146.48    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Mobis Co. Ltd.                                   | Hyundai Mobis Co. Ltd.                                     | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |      3336 | NS      | $737714.55    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Rupee                                             | Indian Rupee                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IN        |         8 | OU      | $0.09         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consultancy Services Ltd.                           | Tata Consultancy Services Ltd.                             | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |     56635 | NS      | $1949190.63   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Electric Co. Ltd.                             | HD Hyundai Electric Co. Ltd.                               | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               | CORP              | KR        |      3165 | NS      | $1922884.51   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Woori Financial Group, Inc.                              | Woori Financial Group, Inc.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    121643 | NS      | $2165452.39   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Aselsan Elektronik Sanayi ve Ticaret A/S                 | Aselsan Elektronik Sanayi ve Ticaret A/S                   | CUSIP: N/A<br>LEI: 7890008XT4M710MU8714       | Long             | EC               | CORP              | TR        |    283371 | NS      | $1369969.11   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Motors Ltd.                                         | Tata Motors Ltd.                                           | CUSIP: N/A<br>LEI: 335800ZFUZ3FBKQASV25       | Long             | EC               | CORP              | IN        |    299940 | NS      | $881021.22    | 0.41%             |  |  |  | No            |                  3 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd.    | HD Korea Shipbuilding & Offshore Engineering Co. Ltd.      | CUSIP: N/A<br>LEI: 988400DPTJ9KH5R6W540       | Long             | EC               | CORP              | KR        |      5754 | NS      | $1912517.84   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Falabella SA                                             | Falabella SA                                               | CUSIP: N/A<br>LEI: 5493004CKJQ7H391LM41       | Long             | EC               | CORP              | CL        |     52748 | NS      | $331021.61    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group, Inc.                                 | KB Financial Group, Inc.                                   | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |     16899 | NS      | $1379525.96   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Brazilian Real                                           | Brazilian Real                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | BR        |         9 | OU      | $1.66         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Energetica de Minas Gerais                           | Cia Energetica de Minas Gerais                             | CUSIP: N/A<br>LEI: 254900W703PXLDSEM056       | Long             | EP               | CORP              | BR        |    153690 | NS      | $323951.82    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Forint                                                   | Forint                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HU        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp.                            | China Construction Bank Corp., Class H                     | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |   2833000 | NS      | $2804788.15   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| United Tractors Tbk. PT                                  | United Tractors Tbk. PT                                    | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    257800 | NS      | $416831.18    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Trent Ltd.                                               | Trent Ltd.                                                 | CUSIP: N/A<br>LEI: 335800IYA8EHI7MW7G59       | Long             | EC               | CORP              | IN        |      3937 | NS      | $207961.33    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Charoen Pokphand Foods PCL                               | Charoen Pokphand Foods PCL                                 | CUSIP: N/A<br>LEI: 529900FJ3AI2GKGIWK15       | Long             | EC               | CORP              | TH        |    699800 | NS      | $456260.68    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA                                        | Banco Bradesco SA                                          | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EP               | CORP              | BR        |    786300 | NS      | $2654152.55   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics, Inc.                                  | Delta Electronics, Inc.                                    | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |    110000 | NS      | $3538025.99   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix, Inc.                                           | SK Hynix, Inc.                                             | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |     14871 | NS      | $5786209.51   | 2.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiaomi Corp.                                             | Xiaomi Corp., Class B                                      | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | KY        |    346400 | NS      | $1921797.01   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Chile                                           | Banco de Chile                                             | CUSIP: N/A<br>LEI: 8B4EZFY8IHJC44TT2K84       | Long             | EC               | CORP              | CL        |   5287674 | NS      | $927944.57    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd.                                         | Gold Fields Ltd.                                           | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | ZA        |     52289 | NS      | $2016060.66   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Huaneng Power International, Inc.                        | Huaneng Power International, Inc., Class H                 | CUSIP: N/A<br>LEI: 529900WU0SMVKMPG4V21       | Long             | EC               | CORP              | CN        |    824000 | NS      | $680714.99    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Inter RAO UES PJSC                                       | Inter RAO UES PJSC                                         | CUSIP: N/A<br>LEI: 253400PMFKF8Q8G1FA17       | Long             | EC               | CORP              | RU        |   8656700 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Emirates NBD Bank PJSC                                   | Emirates NBD Bank PJSC                                     | CUSIP: N/A<br>LEI: 54930029BCN8HF3B1286       | Long             | EC               | CORP              | AE        |    129867 | NS      | $993550.88    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Bid Corp. Ltd.                                           | Bid Corp. Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |     22751 | NS      | $562807.58    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA                           | BB Seguridade Participacoes SA                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    135500 | NS      | $827363.64    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Mindray Bio-Medical Electronics Co. Ltd.        | Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     10000 | NS      | $302331.44    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| China Overseas Land & Investment Ltd.                    | China Overseas Land & Investment Ltd.                      | CUSIP: N/A<br>LEI: 529900I6W35GYKRIZ151       | Long             | EC               | CORP              | HK        |    166000 | NS      | $278580.18    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| WuXi AppTec Co. Ltd.                                     | WuXi AppTec Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |     19900 | NS      | $277950.72    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| New Taiwan Dollar                                        | New Taiwan Dollar                                          | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | TW        |        -2 | OU      | $-0.06        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Aluminum Corp. of China Ltd.                             | Aluminum Corp. of China Ltd., Class H                      | CUSIP: N/A<br>LEI: 529900TKZUWQLIQN6T48       | Long             | EC               | CORP              | CN        |    702000 | NS      | $892606.35    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Havells India Ltd.                                       | Havells India Ltd.                                         | CUSIP: N/A<br>LEI: 549300U1LOGHTTNT7D47       | Long             | EC               | CORP              | IN        |     42331 | NS      | $712373.44    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CSPC Pharmaceutical Group Ltd.                           | CSPC Pharmaceutical Group Ltd.                             | CUSIP: N/A<br>LEI: 529900M3XQCW234H8O91       | Long             | EC               | CORP              | HK        |    819600 | NS      | $807300.27    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Aramco Base Oil Co.                                | Saudi Aramco Base Oil Co.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      9383 | NS      | $241118.77    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurobank Ergasias Services and Holdings SA               | Eurobank Ergasias Services and Holdings SA                 | CUSIP: N/A<br>LEI: JEUVK5RWVJEN8W0C9M24       | Long             | EC               | CORP              | GR        |    229476 | NS      | $863197.83    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| GMK Norilskiy Nickel PAO                                 | GMK Norilskiy Nickel PAO                                   | CUSIP: N/A<br>LEI: 253400JPTEEW143W3E47       | Long             | EC               | CORP              | RU        |    316400 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Sun Pharmaceutical Industries Ltd.                       | Sun Pharmaceutical Industries Ltd.                         | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               | CORP              | IN        |     22236 | NS      | $423881.60    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                                  | OPAP SA                                                    | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     36217 | NS      | $749332.18    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Petronas Dagangan Bhd.                                   | Petronas Dagangan Bhd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |     46200 | NS      | $250149.91    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Geely Automobile Holdings Ltd.                           | Geely Automobile Holdings Ltd.                             | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | KY        |    978000 | NS      | $2320119.03   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Pidilite Industries Ltd.                                 | Pidilite Industries Ltd.                                   | CUSIP: N/A<br>LEI: 335800APXGEBZ349GN74       | Long             | EC               | CORP              | IN        |     59636 | NS      | $970579.02    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund | Franklin Institutional U.S. Government Money Market Fund   | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |   1513675 | NS      | $1513674.89   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Novolipetsk Steel PJSC                                   | Novolipetsk Steel PJSC                                     | CUSIP: N/A<br>LEI: 213800913TPW32I84456       | Long             | EC               | CORP              | RU        |    347890 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Bharti Airtel Ltd.                                       | Bharti Airtel Ltd.                                         | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |     14969 | NS      | $346624.97    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Meritz Financial Group, Inc.                             | Meritz Financial Group, Inc.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     13978 | NS      | $1083211.69   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Harmony Gold Mining Co. Ltd.                             | Harmony Gold Mining Co. Ltd.                               | CUSIP: N/A<br>LEI: 378900986D05F0C29811       | Long             | EC               | CORP              | ZA        |     92878 | NS      | $1545357.81   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Rand                                                     | Rand                                                       | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | ZA        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindalco Industries Ltd.                                 | Hindalco Industries Ltd.                                   | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |     77370 | NS      | $737940.84    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group, Inc.                               | Hana Financial Group, Inc.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     40587 | NS      | $2431509.14   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Indus Towers Ltd.                                        | Indus Towers Ltd.                                          | CUSIP: N/A<br>LEI: 335800L6DI4VHODGDK41       | Long             | EC               | CORP              | IN        |    161359 | NS      | $661236.46    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt.                                     | Richter Gedeon Nyrt.                                       | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |     22365 | NS      | $688932.87    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Asian Paints Ltd.                                        | Asian Paints Ltd.                                          | CUSIP: N/A<br>LEI: 335800HEHXGYRUNERD75       | Long             | EC               | CORP              | IN        |     33842 | NS      | $957804.89    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| PhosAgro PJSC                                            | PhosAgro PJSC                                              | CUSIP: 71922G308<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |     32104 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PI Industries Ltd.                                       | PI Industries Ltd.                                         | CUSIP: N/A<br>LEI: 335800PEGP94E4CC1D11       | Long             | EC               | CORP              | IN        |     14688 | NS      | $591800.00    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Bumrungrad Hospital PCL                                  | Bumrungrad Hospital PCL                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    110800 | NS      | $588120.95    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CPFL Energia SA                                          | CPFL Energia SA                                            | CUSIP: N/A<br>LEI: 529900GBWSBDXN8GGM28       | Long             | EC               | CORP              | BR        |     47800 | NS      | $369609.38    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HCL Technologies Ltd.                                    | HCL Technologies Ltd.                                      | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |     14451 | NS      | $250741.47    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Motors Passenger Vehicles Ltd.                      | Tata Motors Passenger Vehicles Ltd.                        | CUSIP: N/A<br>LEI: 335800BO2LHWJJ8TZI32       | Long             | EC               | CORP              | IN        |    303113 | NS      | $1399027.84   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                             | Infosys Ltd.                                               | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |     42744 | NS      | $712204.51    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| UPL Ltd.                                                 | UPL Ltd.                                                   | CUSIP: N/A<br>LEI: 335800RJSM1SLHO4UA95       | Long             | EC               | CORP              | IN        |     85085 | NS      | $690059.48    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Cibest SA                                          | Grupo Cibest SA                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | CO        |     24997 | NS      | $365097.69    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Coal India Ltd.                                          | Coal India Ltd.                                            | CUSIP: N/A<br>LEI: 335800NLJQZNHM9LBB31       | Long             | EC               | CORP              | IN        |    366195 | NS      | $1601927.07   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Huatai Securities Co. Ltd.                               | Huatai Securities Co. Ltd., Class A                        | CUSIP: N/A<br>LEI: 3003009ABT0UCWO79Q77       | Long             | EC               | CORP              | CN        |     92400 | NS      | $282327.72    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Islamic Bank PJSC                                  | Dubai Islamic Bank PJSC                                    | CUSIP: N/A<br>LEI: 5493003E7YRAQY3JGW88       | Long             | EC               | CORP              | AE        |    523410 | NS      | $1353965.31   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| International Games System Co. Ltd.                      | International Games System Co. Ltd.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     11000 | NS      | $257038.64    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Solar Industries India Ltd.                              | Solar Industries India Ltd.                                | CUSIP: N/A<br>LEI: 3358002ANWRT2YJ79L60       | Long             | EC               | CORP              | IN        |      5227 | NS      | $816670.83    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| NTPC Ltd.                                                | NTPC Ltd.                                                  | CUSIP: N/A<br>LEI: 335800Q4TRGJXNLVMB81       | Long             | EC               | CORP              | IN        |    136008 | NS      | $515877.77    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| OUTsurance Group Ltd.                                    | OUTsurance Group Ltd.                                      | CUSIP: N/A<br>LEI: 984500AC307E8L2D9X52       | Long             | EC               | CORP              | ZA        |    160786 | NS      | $676993.68    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Riyal                                              | Saudi Riyal                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SA        |        13 | OU      | $3.47         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co. Ltd.                             | Samsung Electronics Co. Ltd.                               | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    109299 | NS      | $8227615.52   | 3.84%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Franklin Fund Allocator Series

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer