# EDGAR Filing Document

**Accession Number:** 0001004655
**File Stem:** 0001004655-25-000127
**Filing Date:** 2025-9
**Character Count:** 140749
**Document Hash:** e9564163d2d931e477091cfc9d0f8338
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004655-25-000127.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0001004655-25-000127

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD WHITEHALL FUNDS
- **CENTRAL INDEX KEY:** 0001004655

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07443
- **FILM NUMBER:** 251343494

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD WHITEHALL FUNDS INC
- **DATE OF NAME CHANGE:** 19951207

## Series and Classes Contracts Data

### Vanguard Global Minimum Volatility Fund (Series ID: S000043242)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000133791 | Admiral Shares  | VMNVX           |
| C000133792 | Investor Shares | VMVFX           |

## Nport-Ex

Vanguard<sup>®</sup> Global Minimum Volatility Fund

#### Schedule of Investments (unaudited)
As of July 31, 2025

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund's Form N-PORT reports are available on the SEC's website at www.sec.gov.

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | &nbsp;&nbsp;&nbsp;&nbsp;Market<br> Value<br> ($000) |
| **Common Stocks (98.0%)** | **Common Stocks (98.0%)** | **Common Stocks (98.0%)** | **Common Stocks (98.0%)** |
| **Australia (3.4%)** | **Australia (3.4%)** | **Australia (3.4%)** | **Australia (3.4%)** |
|  | &nbsp;&nbsp;&nbsp;Wesfarmers Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;278824 | &nbsp;&nbsp;&nbsp;&nbsp; 15252 |
|  | &nbsp;&nbsp;&nbsp;Brambles Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;871285 | &nbsp;&nbsp;&nbsp;&nbsp; 13330 |
|  | &nbsp;&nbsp;&nbsp;Medibank Pvt Ltd. | 4006169 | &nbsp;&nbsp;&nbsp;&nbsp; 13094 |
|  | &nbsp;&nbsp;&nbsp;CSL Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40350 | &nbsp;&nbsp;&nbsp;&nbsp; 6980 |
|  | &nbsp;&nbsp;&nbsp;Insurance Australia Group Ltd. | 1240901 | &nbsp;&nbsp;&nbsp;&nbsp; 6966 |
|  | &nbsp;&nbsp;&nbsp;CAR Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;216225 | &nbsp;&nbsp;&nbsp;&nbsp; 5263 |
|  | &nbsp;&nbsp;&nbsp;Origin Energy Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;452336 | &nbsp;&nbsp;&nbsp;&nbsp; 3382 |
|  | &nbsp;&nbsp;&nbsp;Coles Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;216019 | &nbsp;&nbsp;&nbsp;&nbsp; 2876 |
|  | &nbsp;&nbsp;&nbsp;Santos Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;317651 | &nbsp;&nbsp;&nbsp;&nbsp; 1598 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Washington H Soul Pattinson & Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56854 | &nbsp;&nbsp;&nbsp;&nbsp; 1477 |
|  | &nbsp;&nbsp;&nbsp;Aurizon Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;654689 | &nbsp;&nbsp;&nbsp;&nbsp; 1359 |
|  | &nbsp;&nbsp;&nbsp;SEEK Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60526 | &nbsp;&nbsp;&nbsp;&nbsp; 934 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **72511** |
| **Belgium (0.1%)** | **Belgium (0.1%)** | **Belgium (0.1%)** | **Belgium (0.1%)** |
|  | &nbsp;&nbsp;&nbsp;Colruyt Group NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40419 | &nbsp;&nbsp;&nbsp;&nbsp; 1727 |
| **Brazil (1.1%)** | **Brazil (1.1%)** | **Brazil (1.1%)** | **Brazil (1.1%)** |
|  | &nbsp;&nbsp;&nbsp;Itau Unibanco Holding SA ADR | 2865123 | &nbsp;&nbsp;&nbsp;&nbsp; 17965 |
|  | &nbsp;&nbsp;&nbsp;Petroleo Brasileiro SA - Petrobras ADR | &nbsp;&nbsp;&nbsp;&nbsp;277647 | &nbsp;&nbsp;&nbsp;&nbsp; 3226 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Suzano SA ADR | &nbsp;&nbsp;&nbsp;&nbsp;337567 | &nbsp;&nbsp;&nbsp;&nbsp; 3129 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **24320** |
| **Canada (4.0%)** | **Canada (4.0%)** | **Canada (4.0%)** | **Canada (4.0%)** |
|  | &nbsp;&nbsp;&nbsp;Dollarama Inc. | &nbsp;&nbsp;&nbsp;&nbsp;172689 | &nbsp;&nbsp;&nbsp;&nbsp; 23603 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Hydro One Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;507688 | &nbsp;&nbsp;&nbsp;&nbsp; 17954 |
|  | &nbsp;&nbsp;&nbsp;Intact Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84672 | &nbsp;&nbsp;&nbsp;&nbsp; 17501 |
|  | &nbsp;&nbsp;&nbsp;Pembina Pipeline Corp. | &nbsp;&nbsp;&nbsp;&nbsp;464573 | &nbsp;&nbsp;&nbsp;&nbsp; 17267 |
|  | &nbsp;&nbsp;&nbsp;Fortis Inc. (XTSE) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99554 | &nbsp;&nbsp;&nbsp;&nbsp; 4871 |
|  | &nbsp;&nbsp;&nbsp;TMX Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74487 | &nbsp;&nbsp;&nbsp;&nbsp; 3029 |
|  | &nbsp;&nbsp;&nbsp;Enbridge Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30351 | &nbsp;&nbsp;&nbsp;&nbsp; 1375 |
|  | &nbsp;&nbsp;&nbsp;Waste Connections Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3796 | &nbsp;&nbsp;&nbsp;&nbsp; 709 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **86309** |
| **China (1.1%)** | **China (1.1%)** | **China (1.1%)** | **China (1.1%)** |
|  | &nbsp;&nbsp;&nbsp;Sinopharm Group Co. Ltd. Class H | 3058800 | &nbsp;&nbsp;&nbsp;&nbsp; 7352 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Shanghai Fudan Microelectronics Group Co. Ltd. Class H | 1384000 | &nbsp;&nbsp;&nbsp;&nbsp; 5542 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Fuyao Glass Industry Group Co. Ltd. Class H | &nbsp;&nbsp;&nbsp;&nbsp;672800 | &nbsp;&nbsp;&nbsp;&nbsp; 4851 |
|  | &nbsp;&nbsp;&nbsp;China Shenhua Energy Co. Ltd. Class H | &nbsp;&nbsp;&nbsp;&nbsp;605000 | &nbsp;&nbsp;&nbsp;&nbsp; 2622 |
|  | &nbsp;&nbsp;&nbsp;Beijing Enterprises Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;486500 | &nbsp;&nbsp;&nbsp;&nbsp; 2035 |
|  | &nbsp;&nbsp;&nbsp;China Resources Gas Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;530600 | &nbsp;&nbsp;&nbsp;&nbsp; 1343 |
|  | &nbsp;&nbsp;&nbsp;Hengan International Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;184000 | &nbsp;&nbsp;&nbsp;&nbsp; 550 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **24295** |
| **Denmark (0.1%)** | **Denmark (0.1%)** | **Denmark (0.1%)** | **Denmark (0.1%)** |
|  | &nbsp;&nbsp;&nbsp;Tryg A/S | &nbsp;&nbsp;&nbsp;&nbsp;111348 | &nbsp;&nbsp;&nbsp;&nbsp; 2686 |
| **Finland (0.4%)** | **Finland (0.4%)** | **Finland (0.4%)** | **Finland (0.4%)** |
|  | &nbsp;&nbsp;&nbsp;Sampo OYJ Class A (XHEL) | &nbsp;&nbsp;&nbsp;&nbsp;745618 | &nbsp;&nbsp;&nbsp;&nbsp; 8003 |
| **France (3.7%)** | **France (3.7%)** | **France (3.7%)** | **France (3.7%)** |
|  | &nbsp;&nbsp;&nbsp;Orange SA | 1735805 | &nbsp;&nbsp;&nbsp;&nbsp; 26403 |
|  | &nbsp;&nbsp;&nbsp;Danone SA | &nbsp;&nbsp;&nbsp;&nbsp;281090 | &nbsp;&nbsp;&nbsp;&nbsp; 23003 |
|  | &nbsp;&nbsp;&nbsp;Sanofi SA | &nbsp;&nbsp;&nbsp;&nbsp;136633 | &nbsp;&nbsp;&nbsp;&nbsp; 12266 |
|  | &nbsp;&nbsp;&nbsp;Engie SA (XPAR) | &nbsp;&nbsp;&nbsp;&nbsp;507213 | &nbsp;&nbsp;&nbsp;&nbsp; 11401 |
|  | &nbsp;&nbsp;&nbsp;Klepierre SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94914 | &nbsp;&nbsp;&nbsp;&nbsp; 3623 |
|  | &nbsp;&nbsp;&nbsp;Sodexo SA (XPAR) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40381 | &nbsp;&nbsp;&nbsp;&nbsp; 2402 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **79098** |
| **Germany (1.3%)** | **Germany (1.3%)** | **Germany (1.3%)** | **Germany (1.3%)** |
|  | &nbsp;&nbsp;&nbsp;SAP SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30120 | &nbsp;&nbsp;&nbsp;&nbsp; 8613 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Scout24 SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59324 | &nbsp;&nbsp;&nbsp;&nbsp; 7928 |
|  | &nbsp;&nbsp;&nbsp;Beiersdorf AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31935 | &nbsp;&nbsp;&nbsp;&nbsp; 3968 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | &nbsp;&nbsp;&nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;E.ON SE | &nbsp;&nbsp;&nbsp;&nbsp;191557 | &nbsp;&nbsp;&nbsp;&nbsp; 3495 |
|  | &nbsp;&nbsp;&nbsp;Deutsche Telekom AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94211 | &nbsp;&nbsp;&nbsp;&nbsp; 3379 |
|  | &nbsp;&nbsp;&nbsp;Deutsche Boerse AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3402 | &nbsp;&nbsp;&nbsp;&nbsp; 984 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **28367** |
| **Hong Kong (0.9%)** | **Hong Kong (0.9%)** | **Hong Kong (0.9%)** | **Hong Kong (0.9%)** |
|  | &nbsp;&nbsp;&nbsp;CLP Holdings Ltd. | 1388605 | &nbsp;&nbsp;&nbsp;&nbsp; 12053 |
|  | &nbsp;&nbsp;&nbsp;Power Assets Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;644770 | &nbsp;&nbsp;&nbsp;&nbsp; 4245 |
|  | &nbsp;&nbsp;&nbsp;ASMPT Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;157800 | &nbsp;&nbsp;&nbsp;&nbsp; 1335 |
|  | &nbsp;&nbsp;&nbsp;Hang Seng Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82800 | &nbsp;&nbsp;&nbsp;&nbsp; 1206 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **18839** |
| **India (4.1%)** | **India (4.1%)** | **India (4.1%)** | **India (4.1%)** |
|  | &nbsp;&nbsp;&nbsp;ICICI Bank Ltd. ADR | &nbsp;&nbsp;&nbsp;&nbsp;969471 | &nbsp;&nbsp;&nbsp;&nbsp; 32671 |
|  | &nbsp;&nbsp;&nbsp;Dr Reddy's Laboratories Ltd. ADR | 1685761 | &nbsp;&nbsp;&nbsp;&nbsp; 23972 |
|  | &nbsp;&nbsp;&nbsp;HDFC Bank Ltd. ADR | &nbsp;&nbsp;&nbsp;&nbsp;254955 | &nbsp;&nbsp;&nbsp;&nbsp; 19573 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Infosys Ltd. ADR | &nbsp;&nbsp;&nbsp;&nbsp;648502 | &nbsp;&nbsp;&nbsp;&nbsp; 10843 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Wipro Ltd. ADR | &nbsp;&nbsp;&nbsp;&nbsp;289759 | &nbsp;&nbsp;&nbsp;&nbsp; 788 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **87847** |
| **Indonesia (0.1%)** | **Indonesia (0.1%)** | **Indonesia (0.1%)** | **Indonesia (0.1%)** |
|  | &nbsp;&nbsp;&nbsp;Telkom Indonesia Persero Tbk PT ADR | &nbsp;&nbsp;&nbsp;&nbsp;135171 | &nbsp;&nbsp;&nbsp;&nbsp; 2379 |
| **Israel (0.2%)** | **Israel (0.2%)** | **Israel (0.2%)** | **Israel (0.2%)** |
|  | &nbsp;&nbsp;&nbsp;Elbit Systems Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6116 | &nbsp;&nbsp;&nbsp;&nbsp; 2821 |
|  | &nbsp;&nbsp;&nbsp;Israel Discount Bank Ltd. Class A | &nbsp;&nbsp;&nbsp;&nbsp;153267 | &nbsp;&nbsp;&nbsp;&nbsp; 1466 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Tower Semiconductor Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17116 | &nbsp;&nbsp;&nbsp;&nbsp; 794 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **5081** |
| **Italy (0.5%)** | **Italy (0.5%)** | **Italy (0.5%)** | **Italy (0.5%)** |
|  | &nbsp;&nbsp;&nbsp;Eni SpA | &nbsp;&nbsp;&nbsp;&nbsp;589825 | &nbsp;&nbsp;&nbsp;&nbsp; 10067 |
| **Japan (2.1%)** | **Japan (2.1%)** | **Japan (2.1%)** | **Japan (2.1%)** |
|  | &nbsp;&nbsp;&nbsp;Softbank Corp. | 13712700 | &nbsp;&nbsp;&nbsp;&nbsp; 19813 |
|  | &nbsp;&nbsp;&nbsp;McDonald's Holdings Co. Japan Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;146900 | &nbsp;&nbsp;&nbsp;&nbsp; 5866 |
|  | &nbsp;&nbsp;&nbsp;Kyushu Railway Co. | &nbsp;&nbsp;&nbsp;&nbsp;219400 | &nbsp;&nbsp;&nbsp;&nbsp; 5306 |
|  | &nbsp;&nbsp;&nbsp;Toho Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51400 | &nbsp;&nbsp;&nbsp;&nbsp; 3243 |
|  | &nbsp;&nbsp;&nbsp;Kagome Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;151500 | &nbsp;&nbsp;&nbsp;&nbsp; 2895 |
|  | &nbsp;&nbsp;&nbsp;Yamada Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;643000 | &nbsp;&nbsp;&nbsp;&nbsp; 1960 |
|  | &nbsp;&nbsp;&nbsp;Nippon Building Fund Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1858 | &nbsp;&nbsp;&nbsp;&nbsp; 1704 |
|  | &nbsp;&nbsp;&nbsp;MOS Food Services Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47800 | &nbsp;&nbsp;&nbsp;&nbsp; 1211 |
|  | &nbsp;&nbsp;&nbsp;Canon Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35000 | &nbsp;&nbsp;&nbsp;&nbsp; 994 |
|  | &nbsp;&nbsp;&nbsp;Japan Real Estate Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1067 | &nbsp;&nbsp;&nbsp;&nbsp; 866 |
|  | &nbsp;&nbsp;&nbsp;Hirose Electric Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5100 | &nbsp;&nbsp;&nbsp;&nbsp; 640 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **44498** |
| **Mexico (0.4%)** | **Mexico (0.4%)** | **Mexico (0.4%)** | **Mexico (0.4%)** |
|  | &nbsp;&nbsp;&nbsp;Fomento Economico Mexicano SAB de CV ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58501 | &nbsp;&nbsp;&nbsp;&nbsp; 5292 |
|  | &nbsp;&nbsp;&nbsp;America Movil SAB de CV ADR | &nbsp;&nbsp;&nbsp;&nbsp;151487 | &nbsp;&nbsp;&nbsp;&nbsp; 2737 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **8029** |
| **Netherlands (0.7%)** | **Netherlands (0.7%)** | **Netherlands (0.7%)** | **Netherlands (0.7%)** |
|  | &nbsp;&nbsp;&nbsp;Koninklijke KPN NV | 2491506 | &nbsp;&nbsp;&nbsp;&nbsp; 11131 |
|  | &nbsp;&nbsp;&nbsp;ASML Holding NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4465 | &nbsp;&nbsp;&nbsp;&nbsp; 3094 |
|  | &nbsp;&nbsp;&nbsp;ASM International NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1723 | &nbsp;&nbsp;&nbsp;&nbsp; 834 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **15059** |
| **Norway (0.3%)** | **Norway (0.3%)** | **Norway (0.3%)** | **Norway (0.3%)** |
|  | &nbsp;&nbsp;&nbsp;Orkla ASA | &nbsp;&nbsp;&nbsp;&nbsp;277173 | &nbsp;&nbsp;&nbsp;&nbsp; 2915 |
|  | &nbsp;&nbsp;&nbsp;Equinor ASA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84791 | &nbsp;&nbsp;&nbsp;&nbsp; 2178 |
|  | &nbsp;&nbsp;&nbsp;DNB Bank ASA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55826 | &nbsp;&nbsp;&nbsp;&nbsp; 1412 |
|  | &nbsp;&nbsp;&nbsp;Telenor ASA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61616 | &nbsp;&nbsp;&nbsp;&nbsp; 945 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **7450** |
| **Singapore (0.5%)** | **Singapore (0.5%)** | **Singapore (0.5%)** | **Singapore (0.5%)** |
|  | &nbsp;&nbsp;&nbsp;Oversea-Chinese Banking Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;560561 | &nbsp;&nbsp;&nbsp;&nbsp; 7264 |
|  | &nbsp;&nbsp;&nbsp;Singapore Exchange Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;222126 | &nbsp;&nbsp;&nbsp;&nbsp; 2724 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **9988** |
| **South Korea (1.8%)** | **South Korea (1.8%)** | **South Korea (1.8%)** | **South Korea (1.8%)** |
|  | &nbsp;&nbsp;&nbsp;KT&G Corp. | &nbsp;&nbsp;&nbsp;&nbsp;152609 | &nbsp;&nbsp;&nbsp;&nbsp; 14303 |
|  | &nbsp;&nbsp;&nbsp;NAVER Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31678 | &nbsp;&nbsp;&nbsp;&nbsp; 5331 |
|  | &nbsp;&nbsp;&nbsp;HMM Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;300353 | &nbsp;&nbsp;&nbsp;&nbsp; 5050 |
|  | &nbsp;&nbsp;&nbsp;LEENO Industrial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;116492 | &nbsp;&nbsp;&nbsp;&nbsp; 3957 |
|  | &nbsp;&nbsp;&nbsp;Industrial Bank of Korea | &nbsp;&nbsp;&nbsp;&nbsp;200339 | &nbsp;&nbsp;&nbsp;&nbsp; 2795 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | &nbsp;&nbsp;&nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;Douzone Bizon Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49176 | &nbsp;&nbsp;&nbsp;&nbsp; 2514 |
|  | &nbsp;&nbsp;&nbsp;HYBE Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9455 | &nbsp;&nbsp;&nbsp;&nbsp; 1757 |
|  | &nbsp;&nbsp;&nbsp;LG Uplus Corp. | &nbsp;&nbsp;&nbsp;&nbsp;110396 | &nbsp;&nbsp;&nbsp;&nbsp; 1162 |
|  | &nbsp;&nbsp;&nbsp;WONIK IPS Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27849 | &nbsp;&nbsp;&nbsp;&nbsp; 650 |
|  | &nbsp;&nbsp;&nbsp;GS Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12144 | &nbsp;&nbsp;&nbsp;&nbsp; 430 |
|  | &nbsp;&nbsp;&nbsp;Kangwon Land Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31605 | &nbsp;&nbsp;&nbsp;&nbsp; 424 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **38373** |
| **Spain (0.6%)** | **Spain (0.6%)** | **Spain (0.6%)** | **Spain (0.6%)** |
|  | &nbsp;&nbsp;&nbsp;Bankinter SA | &nbsp;&nbsp;&nbsp;&nbsp;729345 | &nbsp;&nbsp;&nbsp;&nbsp; 10411 |
|  | &nbsp;&nbsp;&nbsp;Redeia Corp. SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62571 | &nbsp;&nbsp;&nbsp;&nbsp; 1213 |
|  | &nbsp;&nbsp;&nbsp;Iberdrola SA (XMAD) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59854 | &nbsp;&nbsp;&nbsp;&nbsp; 1052 |
|  | &nbsp;&nbsp;&nbsp;Logista Integral SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18859 | &nbsp;&nbsp;&nbsp;&nbsp; 597 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **13273** |
| **Sweden (0.4%)** | **Sweden (0.4%)** | **Sweden (0.4%)** | **Sweden (0.4%)** |
|  | &nbsp;&nbsp;&nbsp;Tele2 AB Class B | &nbsp;&nbsp;&nbsp;&nbsp;280452 | &nbsp;&nbsp;&nbsp;&nbsp; 4334 |
|  | &nbsp;&nbsp;&nbsp;Essity AB Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80766 | &nbsp;&nbsp;&nbsp;&nbsp; 1992 |
|  | &nbsp;&nbsp;&nbsp;Telia Co. AB | &nbsp;&nbsp;&nbsp;&nbsp;399540 | &nbsp;&nbsp;&nbsp;&nbsp; 1411 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **7737** |
| **Switzerland (2.7%)** | **Switzerland (2.7%)** | **Switzerland (2.7%)** | **Switzerland (2.7%)** |
|  | &nbsp;&nbsp;&nbsp;Swisscom AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49234 | &nbsp;&nbsp;&nbsp;&nbsp; 34209 |
|  | &nbsp;&nbsp;&nbsp;Novartis AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;165348 | &nbsp;&nbsp;&nbsp;&nbsp; 18831 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Galenica AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32533 | &nbsp;&nbsp;&nbsp;&nbsp; 3453 |
|  | &nbsp;&nbsp;&nbsp;Banque Cantonale Vaudoise (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17241 | &nbsp;&nbsp;&nbsp;&nbsp; 1995 |
|  | &nbsp;&nbsp;&nbsp;PSP Swiss Property AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4143 | &nbsp;&nbsp;&nbsp;&nbsp; 703 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **59191** |
| **Taiwan (3.9%)** | **Taiwan (3.9%)** | **Taiwan (3.9%)** | **Taiwan (3.9%)** |
|  | &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd. ADR | &nbsp;&nbsp;&nbsp;&nbsp;132941 | &nbsp;&nbsp;&nbsp;&nbsp; 32121 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;United Microelectronics Corp. ADR | 4444799 | &nbsp;&nbsp;&nbsp;&nbsp; 30402 |
|  | &nbsp;&nbsp;&nbsp;ASE Technology Holding Co. Ltd. ADR | 1612923 | &nbsp;&nbsp;&nbsp;&nbsp; 15323 |
|  | &nbsp;&nbsp;&nbsp;Chunghwa Telecom Co. Ltd. ADR | &nbsp;&nbsp;&nbsp;&nbsp;114346 | &nbsp;&nbsp;&nbsp;&nbsp; 4963 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **82809** |
| **United Kingdom (5.9%)** | **United Kingdom (5.9%)** | **United Kingdom (5.9%)** | **United Kingdom (5.9%)** |
|  | &nbsp;&nbsp;&nbsp;Shell plc (XLON) | &nbsp;&nbsp;&nbsp;&nbsp;892468 | &nbsp;&nbsp;&nbsp;&nbsp; 32069 |
|  | &nbsp;&nbsp;&nbsp;Compass Group plc | &nbsp;&nbsp;&nbsp;&nbsp;907281 | &nbsp;&nbsp;&nbsp;&nbsp; 31881 |
|  | &nbsp;&nbsp;&nbsp;Pearson plc | 1053641 | &nbsp;&nbsp;&nbsp;&nbsp; 14899 |
|  | &nbsp;&nbsp;&nbsp;Sage Group plc | &nbsp;&nbsp;&nbsp;&nbsp;712769 | &nbsp;&nbsp;&nbsp;&nbsp; 11445 |
|  | &nbsp;&nbsp;&nbsp;Unilever plc (XLON) | &nbsp;&nbsp;&nbsp;&nbsp;134865 | &nbsp;&nbsp;&nbsp;&nbsp; 7825 |
|  | &nbsp;&nbsp;&nbsp;GSK plc | &nbsp;&nbsp;&nbsp;&nbsp;395740 | &nbsp;&nbsp;&nbsp;&nbsp; 7279 |
|  | &nbsp;&nbsp;&nbsp;Haleon plc | 1459146 | &nbsp;&nbsp;&nbsp;&nbsp; 6844 |
|  | &nbsp;&nbsp;&nbsp;AstraZeneca plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31205 | &nbsp;&nbsp;&nbsp;&nbsp; 4553 |
|  | &nbsp;&nbsp;&nbsp;RELX plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66777 | &nbsp;&nbsp;&nbsp;&nbsp; 3470 |
|  | &nbsp;&nbsp;&nbsp;BAE Systems plc | &nbsp;&nbsp;&nbsp;&nbsp;138128 | &nbsp;&nbsp;&nbsp;&nbsp; 3296 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;Auto Trader Group plc | &nbsp;&nbsp;&nbsp;&nbsp;239655 | &nbsp;&nbsp;&nbsp;&nbsp; 2646 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **126207** |
| **United States (57.7%)** | **United States (57.7%)** | **United States (57.7%)** | **United States (57.7%)** |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;Cisco Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;509752 | &nbsp;&nbsp;&nbsp;&nbsp; 34704 |
|  | &nbsp;&nbsp;&nbsp;Johnson & Johnson | &nbsp;&nbsp;&nbsp;&nbsp;206070 | &nbsp;&nbsp;&nbsp;&nbsp; 33948 |
|  | &nbsp;&nbsp;&nbsp;Cencora Inc. | &nbsp;&nbsp;&nbsp;&nbsp;114613 | &nbsp;&nbsp;&nbsp;&nbsp; 32788 |
|  | &nbsp;&nbsp;&nbsp;Waste Management Inc. | &nbsp;&nbsp;&nbsp;&nbsp;142603 | &nbsp;&nbsp;&nbsp;&nbsp; 32679 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Boston Scientific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;309831 | &nbsp;&nbsp;&nbsp;&nbsp; 32507 |
|  | &nbsp;&nbsp;&nbsp;McDonald's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;107379 | &nbsp;&nbsp;&nbsp;&nbsp; 32221 |
|  | &nbsp;&nbsp;&nbsp;AptarGroup Inc. | &nbsp;&nbsp;&nbsp;&nbsp;199248 | &nbsp;&nbsp;&nbsp;&nbsp; 31310 |
|  | &nbsp;&nbsp;&nbsp;Coca-Cola Co. | &nbsp;&nbsp;&nbsp;&nbsp;459586 | &nbsp;&nbsp;&nbsp;&nbsp; 31201 |
|  | &nbsp;&nbsp;&nbsp;Republic Services Inc. | &nbsp;&nbsp;&nbsp;&nbsp;131789 | &nbsp;&nbsp;&nbsp;&nbsp; 30397 |
|  | &nbsp;&nbsp;&nbsp;Amdocs Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;355191 | &nbsp;&nbsp;&nbsp;&nbsp; 30319 |
|  | &nbsp;&nbsp;&nbsp;Motorola Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66742 | &nbsp;&nbsp;&nbsp;&nbsp; 29298 |
|  | &nbsp;&nbsp;&nbsp;Progressive Corp. | &nbsp;&nbsp;&nbsp;&nbsp;118226 | &nbsp;&nbsp;&nbsp;&nbsp; 28615 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;O'Reilly Automotive Inc. | &nbsp;&nbsp;&nbsp;&nbsp;290955 | &nbsp;&nbsp;&nbsp;&nbsp; 28607 |
|  | &nbsp;&nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53283 | &nbsp;&nbsp;&nbsp;&nbsp; 28426 |
|  | &nbsp;&nbsp;&nbsp;International Business Machines Corp. | &nbsp;&nbsp;&nbsp;&nbsp;108261 | &nbsp;&nbsp;&nbsp;&nbsp; 27406 |
|  | &nbsp;&nbsp;&nbsp;Church & Dwight Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;291280 | &nbsp;&nbsp;&nbsp;&nbsp; 27313 |
|  | &nbsp;&nbsp;&nbsp;Northrop Grumman Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46934 | &nbsp;&nbsp;&nbsp;&nbsp; 27063 |
|  | &nbsp;&nbsp;&nbsp;McKesson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38620 | &nbsp;&nbsp;&nbsp;&nbsp; 26784 |
|  | &nbsp;&nbsp;&nbsp;General Mills Inc. | &nbsp;&nbsp;&nbsp;&nbsp;511535 | &nbsp;&nbsp;&nbsp;&nbsp; 25055 |
|  | &nbsp;&nbsp;&nbsp;Cboe Global Markets Inc. | &nbsp;&nbsp;&nbsp;&nbsp;103244 | &nbsp;&nbsp;&nbsp;&nbsp; 24886 |
|  | &nbsp;&nbsp;&nbsp;Texas Instruments Inc. | &nbsp;&nbsp;&nbsp;&nbsp;130994 | &nbsp;&nbsp;&nbsp;&nbsp; 23718 |
|  | &nbsp;&nbsp;&nbsp;Lockheed Martin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55449 | &nbsp;&nbsp;&nbsp;&nbsp; 23343 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | &nbsp;&nbsp;&nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;Southern Co. | &nbsp;&nbsp;&nbsp;&nbsp;239827 | &nbsp;&nbsp;&nbsp;&nbsp; 22659 |
|  | &nbsp;&nbsp;&nbsp;TJX Cos. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;178677 | &nbsp;&nbsp;&nbsp;&nbsp; 22251 |
|  | &nbsp;&nbsp;&nbsp;Colgate-Palmolive Co. | &nbsp;&nbsp;&nbsp;&nbsp;264060 | &nbsp;&nbsp;&nbsp;&nbsp; 22141 |
|  | &nbsp;&nbsp;&nbsp;White Mountains Insurance Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11516 | &nbsp;&nbsp;&nbsp;&nbsp; 20588 |
|  | &nbsp;&nbsp;&nbsp;Roper Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36021 | &nbsp;&nbsp;&nbsp;&nbsp; 19826 |
|  | &nbsp;&nbsp;&nbsp;RTX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;124654 | &nbsp;&nbsp;&nbsp;&nbsp; 19642 |
|  | &nbsp;&nbsp;&nbsp;VeriSign Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70781 | &nbsp;&nbsp;&nbsp;&nbsp; 19031 |
|  | &nbsp;&nbsp;&nbsp;NewMarket Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27016 | &nbsp;&nbsp;&nbsp;&nbsp; 18560 |
|  | &nbsp;&nbsp;&nbsp;Consolidated Edison Inc. | &nbsp;&nbsp;&nbsp;&nbsp;169012 | &nbsp;&nbsp;&nbsp;&nbsp; 17493 |
|  | &nbsp;&nbsp;&nbsp;Apple Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82057 | &nbsp;&nbsp;&nbsp;&nbsp; 17033 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;FTI Consulting Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97239 | &nbsp;&nbsp;&nbsp;&nbsp; 16176 |
|  | &nbsp;&nbsp;&nbsp;CME Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58070 | &nbsp;&nbsp;&nbsp;&nbsp; 16160 |
|  | &nbsp;&nbsp;&nbsp;Omega Healthcare Investors Inc. | &nbsp;&nbsp;&nbsp;&nbsp;410358 | &nbsp;&nbsp;&nbsp;&nbsp; 15963 |
|  | &nbsp;&nbsp;&nbsp;IDACORP Inc. | &nbsp;&nbsp;&nbsp;&nbsp;124108 | &nbsp;&nbsp;&nbsp;&nbsp; 15554 |
|  | &nbsp;&nbsp;&nbsp;Merck & Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;190306 | &nbsp;&nbsp;&nbsp;&nbsp; 14867 |
|  | &nbsp;&nbsp;&nbsp;Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34769 | &nbsp;&nbsp;&nbsp;&nbsp; 14335 |
|  | &nbsp;&nbsp;&nbsp;General Dynamics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45292 | &nbsp;&nbsp;&nbsp;&nbsp; 14113 |
|  | &nbsp;&nbsp;&nbsp;Dolby Laboratories Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;181994 | &nbsp;&nbsp;&nbsp;&nbsp; 13711 |
|  | &nbsp;&nbsp;&nbsp;Fox Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;240122 | &nbsp;&nbsp;&nbsp;&nbsp; 13389 |
|  | &nbsp;&nbsp;&nbsp;Automatic Data Processing Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40733 | &nbsp;&nbsp;&nbsp;&nbsp; 12607 |
|  | &nbsp;&nbsp;&nbsp;Atmos Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77971 | &nbsp;&nbsp;&nbsp;&nbsp; 12157 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Coupang Inc. | &nbsp;&nbsp;&nbsp;&nbsp;391319 | &nbsp;&nbsp;&nbsp;&nbsp; 11516 |
|  | &nbsp;&nbsp;&nbsp;Kimberly-Clark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92033 | &nbsp;&nbsp;&nbsp;&nbsp; 11469 |
|  | &nbsp;&nbsp;&nbsp;Fox Corp. Class B | &nbsp;&nbsp;&nbsp;&nbsp;209417 | &nbsp;&nbsp;&nbsp;&nbsp; 10710 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;CCC Intelligent Solutions Holdings Inc. | 1102008 | &nbsp;&nbsp;&nbsp;&nbsp; 10656 |
|  | &nbsp;&nbsp;&nbsp;Agree Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;143467 | &nbsp;&nbsp;&nbsp;&nbsp; 10287 |
|  | &nbsp;&nbsp;&nbsp;Aon plc Class A (XNYS) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28388 | &nbsp;&nbsp;&nbsp;&nbsp; 10098 |
|  | &nbsp;&nbsp;&nbsp;Equity LifeStyle Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;144169 | &nbsp;&nbsp;&nbsp;&nbsp; 8639 |
|  | &nbsp;&nbsp;&nbsp;Abbott Laboratories | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68228 | &nbsp;&nbsp;&nbsp;&nbsp; 8610 |
|  | &nbsp;&nbsp;&nbsp;Procter & Gamble Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56214 | &nbsp;&nbsp;&nbsp;&nbsp; 8458 |
|  | &nbsp;&nbsp;&nbsp;Duke Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64978 | &nbsp;&nbsp;&nbsp;&nbsp; 7904 |
|  | &nbsp;&nbsp;&nbsp;Flowers Foods Inc. | &nbsp;&nbsp;&nbsp;&nbsp;496948 | &nbsp;&nbsp;&nbsp;&nbsp; 7877 |
|  | &nbsp;&nbsp;&nbsp;Williams Cos. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;124747 | &nbsp;&nbsp;&nbsp;&nbsp; 7479 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Box Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;190558 | &nbsp;&nbsp;&nbsp;&nbsp; 6117 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Cirrus Logic Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59235 | &nbsp;&nbsp;&nbsp;&nbsp; 5966 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Madison Square Garden Sports Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29384 | &nbsp;&nbsp;&nbsp;&nbsp; 5938 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Check Point Software Technologies Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30892 | &nbsp;&nbsp;&nbsp;&nbsp; 5752 |
|  | &nbsp;&nbsp;&nbsp;Analog Devices Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24267 | &nbsp;&nbsp;&nbsp;&nbsp; 5451 |
|  | &nbsp;&nbsp;&nbsp;AbbVie Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28413 | &nbsp;&nbsp;&nbsp;&nbsp; 5371 |
|  | &nbsp;&nbsp;&nbsp;Silgan Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;109912 | &nbsp;&nbsp;&nbsp;&nbsp; 5114 |
|  | &nbsp;&nbsp;&nbsp;Ryan Specialty Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79698 | &nbsp;&nbsp;&nbsp;&nbsp; 4877 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;AutoZone Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1288 | &nbsp;&nbsp;&nbsp;&nbsp; 4854 |
|  | &nbsp;&nbsp;&nbsp;W R Berkley Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68481 | &nbsp;&nbsp;&nbsp;&nbsp; 4712 |
|  | &nbsp;&nbsp;&nbsp;FirstEnergy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;108594 | &nbsp;&nbsp;&nbsp;&nbsp; 4638 |
|  | &nbsp;&nbsp;&nbsp;Visa Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12959 | &nbsp;&nbsp;&nbsp;&nbsp; 4477 |
|  | &nbsp;&nbsp;&nbsp;Progress Software Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88411 | &nbsp;&nbsp;&nbsp;&nbsp; 4251 |
|  | &nbsp;&nbsp;&nbsp;WEC Energy Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33399 | &nbsp;&nbsp;&nbsp;&nbsp; 3643 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Merit Medical Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40959 | &nbsp;&nbsp;&nbsp;&nbsp; 3476 |
|  | &nbsp;&nbsp;&nbsp;Alphabet Inc. Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17492 | &nbsp;&nbsp;&nbsp;&nbsp; 3373 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Berkshire Hathaway Inc. Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7065 | &nbsp;&nbsp;&nbsp;&nbsp; 3334 |
|  | &nbsp;&nbsp;&nbsp;H&R Block Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53015 | &nbsp;&nbsp;&nbsp;&nbsp; 2881 |
|  | &nbsp;&nbsp;&nbsp;CMS Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35273 | &nbsp;&nbsp;&nbsp;&nbsp; 2603 |
|  | &nbsp;&nbsp;&nbsp;Linde plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5481 | &nbsp;&nbsp;&nbsp;&nbsp; 2523 |
|  | &nbsp;&nbsp;&nbsp;OGE Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55242 | &nbsp;&nbsp;&nbsp;&nbsp; 2509 |
|  | &nbsp;&nbsp;&nbsp;Becton Dickinson & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13722 | &nbsp;&nbsp;&nbsp;&nbsp; 2446 |
|  | &nbsp;&nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13388 | &nbsp;&nbsp;&nbsp;&nbsp; 2381 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Laureate Education Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99408 | &nbsp;&nbsp;&nbsp;&nbsp; 2247 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Tyler Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3772 | &nbsp;&nbsp;&nbsp;&nbsp; 2205 |
|  | &nbsp;&nbsp;&nbsp;RLI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30654 | &nbsp;&nbsp;&nbsp;&nbsp; 2023 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Hologic Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28416 | &nbsp;&nbsp;&nbsp;&nbsp; 1899 |
|  | &nbsp;&nbsp;&nbsp;Quest Diagnostics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10199 | &nbsp;&nbsp;&nbsp;&nbsp; 1707 |
|  | &nbsp;&nbsp;&nbsp;Loews Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18331 | &nbsp;&nbsp;&nbsp;&nbsp; 1660 |
|  | &nbsp;&nbsp;&nbsp;Marsh & McLennan Cos. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7565 | &nbsp;&nbsp;&nbsp;&nbsp; 1507 |
|  | &nbsp;&nbsp;&nbsp;NetApp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13575 | &nbsp;&nbsp;&nbsp;&nbsp; 1414 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Yelp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39637 | &nbsp;&nbsp;&nbsp;&nbsp; 1365 |
|  | &nbsp;&nbsp;&nbsp;Reynolds Consumer Products Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59302 | &nbsp;&nbsp;&nbsp;&nbsp; 1334 |
|  | &nbsp;&nbsp;&nbsp;Unum Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17025 | &nbsp;&nbsp;&nbsp;&nbsp; 1223 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Prestige Consumer Healthcare Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16181 | &nbsp;&nbsp;&nbsp;&nbsp; 1197 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Atlanta Braves Holdings Inc. Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25129 | &nbsp;&nbsp;&nbsp;&nbsp; 1120 |
|  | &nbsp;&nbsp;&nbsp;Fresh Del Monte Produce Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26923 | &nbsp;&nbsp;&nbsp;&nbsp; 1012 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | &nbsp;&nbsp;&nbsp;&nbsp;Market<br> Value<br> ($000) |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Innoviva Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54405 | &nbsp;&nbsp;&nbsp;&nbsp; 988 |
|  | &nbsp;&nbsp;&nbsp;InterDigital Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3726 | &nbsp;&nbsp;&nbsp;&nbsp; 962 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Stride Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6347 | &nbsp;&nbsp;&nbsp;&nbsp; 814 |
|  | &nbsp;&nbsp;&nbsp;Chubb Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2996 | &nbsp;&nbsp;&nbsp;&nbsp; 797 |
|  | &nbsp;&nbsp;&nbsp;PepsiCo Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4465 | &nbsp;&nbsp;&nbsp;&nbsp; 616 |
|  | &nbsp;&nbsp;&nbsp;Cardinal Health Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3908 | &nbsp;&nbsp;&nbsp;&nbsp; 607 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Teledyne Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;863 | &nbsp;&nbsp;&nbsp;&nbsp; 475 |
|  | &nbsp;&nbsp;&nbsp;Meta Platforms Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;603 | &nbsp;&nbsp;&nbsp;&nbsp; 466 |
|  | &nbsp;&nbsp;&nbsp;Realty Income Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7573 | &nbsp;&nbsp;&nbsp;&nbsp; 425 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**1239297** |
| **Total Common Stocks (Cost $1,643,290)** | **Total Common Stocks (Cost $1,643,290)** | **Total Common Stocks (Cost $1,643,290)** | &nbsp;&nbsp;&nbsp;&nbsp;**2103440** |
| **Preferred Stocks (0.3%)** | **Preferred Stocks (0.3%)** | **Preferred Stocks (0.3%)** | **Preferred Stocks (0.3%)** |
|  | &nbsp;&nbsp;&nbsp;Henkel AG & Co. KGaA Preference Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44368 | &nbsp;&nbsp;&nbsp;&nbsp; 3419 |
|  | &nbsp;&nbsp;&nbsp;Samsung Electronics Co. Ltd. Preference Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75375 | &nbsp;&nbsp;&nbsp;&nbsp; 3104 |
| **Total Preferred Stocks (Cost $6,599)** | **Total Preferred Stocks (Cost $6,599)** | **Total Preferred Stocks (Cost $6,599)** | &nbsp;&nbsp;&nbsp;&nbsp;**6523** |
| **Temporary Cash Investments (2.2%)** | **Temporary Cash Investments (2.2%)** | **Temporary Cash Investments (2.2%)** | **Temporary Cash Investments (2.2%)** |
| **Money Market Fund (2.2%)** | **Money Market Fund (2.2%)** | **Money Market Fund (2.2%)** | **Money Market Fund (2.2%)** |
| <sup>4,5</sup> | &nbsp;&nbsp;&nbsp;Vanguard Market Liquidity Fund, 4.367% **(Cost** $**46,236)** | &nbsp;&nbsp;&nbsp;&nbsp;462427 | &nbsp;&nbsp;&nbsp;&nbsp; **46238** |
| **Total Investments (100.5%) (Cost $1,696,125)** | **Total Investments (100.5%) (Cost $1,696,125)** | **Total Investments (100.5%) (Cost $1,696,125)** | &nbsp;&nbsp;&nbsp;&nbsp;**2156201** |
| **Other Assets and Liabilities—Net (-0.5%)** | **Other Assets and Liabilities—Net (-0.5%)** | **Other Assets and Liabilities—Net (-0.5%)** | &nbsp;&nbsp;&nbsp;&nbsp;**(10254)** |
| **Net Assets (100%)** | **Net Assets (100%)** | **Net Assets (100%)** | &nbsp;&nbsp;&nbsp;&nbsp;**2145947** |
| Cost is in $000. | Cost is in $000. | Cost is in $000. | Cost is in $000. |

---

---

| | |
|:---|:---|
| \* | Non-income-producing security. |
| 1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $33,965. |
| 2 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2025, the aggregate value was $36,832, representing 1.7% of net assets. |
| 3 | Securities with a value of $2,204 have been segregated as initial margin for open futures contracts. |
| 4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 5 | Collateral of $39,035 was received for securities on loan. |
|  | ADR—American Depositary Receipt. |

---

------

#### Derivative Financial Instruments Outstanding as of Period End

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts |
|  |  |  | ($000) | ($000) |
|  | Expiration | Number of<br> Long (Short)<br> Contracts | Notional<br> Amount | &nbsp;&nbsp;Value and<br> Unrealized<br> Appreciation<br> (Depreciation) |
| Long Futures Contracts |  |  |  |  |
| E-mini S&P 500 Index | September 2025 | 65 | 20716 | &nbsp;&nbsp;(3) |
| Euro Stoxx 50 Index | September 2025 | 32 | 1950 | &nbsp;&nbsp;8 |
| Topix Index | September 2025 | 9 | 1760 | &nbsp;&nbsp;93 |
|  |  |  |  | &nbsp;&nbsp;98 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Forward Currency Contracts | Forward Currency Contracts | Forward Currency Contracts | Forward Currency Contracts | Forward Currency Contracts | Forward Currency Contracts | Forward Currency Contracts | Forward Currency Contracts |
| Counterparty | Contract<br> Settlement<br> Date | &nbsp;&nbsp;&nbsp;Contract Amount (000) | &nbsp;&nbsp;&nbsp;Contract Amount (000) | &nbsp;&nbsp;&nbsp;Contract Amount (000) | &nbsp;&nbsp;&nbsp;Contract Amount (000) | &nbsp;&nbsp;&nbsp;Unrealized<br> Appreciation<br> ($000) | &nbsp;&nbsp;&nbsp;Unrealized<br> Depreciation<br> ($000) |
| Counterparty | Contract<br> Settlement<br> Date |  | &nbsp;&nbsp;&nbsp;Receive |  | &nbsp;&nbsp;&nbsp;Deliver | &nbsp;&nbsp;&nbsp;Unrealized<br> Appreciation<br> ($000) | &nbsp;&nbsp;&nbsp;Unrealized<br> Depreciation<br> ($000) |
| State Street Bank & Trust Co. | 8/15/2025 | &nbsp;&nbsp;&nbsp;CHF | &nbsp;&nbsp;&nbsp;3725 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;4706 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(111) |
| Barclays Bank plc | 8/15/2025 | &nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;6617 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;7772 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(213) |
| State Street Bank & Trust Co. | 8/15/2025 | &nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;5953 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;6805 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(4) |
| Citibank, N.A. | 8/15/2025 | &nbsp;&nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;3505 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;4766 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(136) |
| State Street Bank & Trust Co. | 8/15/2025 | &nbsp;&nbsp;&nbsp;HKD | &nbsp;&nbsp;&nbsp;10803 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;1381 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(2) |
| State Street Bank & Trust Co. | 8/18/2025 | &nbsp;&nbsp;&nbsp;INR | &nbsp;&nbsp;&nbsp;410278 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;4682 | &nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;— |
| Citibank, N.A. | 8/15/2025 | &nbsp;&nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;501125 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;3436 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(107) |
| Goldman Sachs International | 8/15/2025 | &nbsp;&nbsp;&nbsp;SEK | &nbsp;&nbsp;&nbsp;9979 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;1050 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(30) |
| Royal Bank of Canada | 8/15/2025 | &nbsp;&nbsp;&nbsp;SGD | &nbsp;&nbsp;&nbsp;2415 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;1891 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(29) |
| State Street Bank & Trust Co. | 8/15/2025 | &nbsp;&nbsp;&nbsp;TWD | &nbsp;&nbsp;&nbsp;74601 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;2577 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(81) |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Forward Currency Contracts (continued) | Forward Currency Contracts (continued) | Forward Currency Contracts (continued) | Forward Currency Contracts (continued) | Forward Currency Contracts (continued) | Forward Currency Contracts (continued) | Forward Currency Contracts (continued) | Forward Currency Contracts (continued) |
| Counterparty | Contract<br> Settlement<br> Date | &nbsp;&nbsp;&nbsp;Contract Amount (000) | &nbsp;&nbsp;&nbsp;Contract Amount (000) | &nbsp;&nbsp;&nbsp;Contract Amount (000) | &nbsp;&nbsp;&nbsp;Contract Amount (000) | &nbsp;&nbsp;&nbsp;Unrealized<br> Appreciation<br> ($000) | &nbsp;&nbsp;&nbsp;Unrealized<br> Depreciation<br> ($000) |
| Counterparty | Contract<br> Settlement<br> Date |  | &nbsp;&nbsp;&nbsp;Receive |  | &nbsp;&nbsp;&nbsp;Deliver | &nbsp;&nbsp;&nbsp;Unrealized<br> Appreciation<br> ($000) | &nbsp;&nbsp;&nbsp;Unrealized<br> Depreciation<br> ($000) |
| State Street Bank & Trust Co. | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;70153 | &nbsp;&nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;107246 | &nbsp;&nbsp;&nbsp;1214 | &nbsp;&nbsp;&nbsp;— |
| Goldman Sachs International | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;26695 | &nbsp;&nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;147067 | &nbsp;&nbsp;&nbsp;537 | &nbsp;&nbsp;&nbsp;— |
| Bank of Montreal | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;88282 | &nbsp;&nbsp;&nbsp;CAD | &nbsp;&nbsp;&nbsp;120594 | &nbsp;&nbsp;&nbsp;1182 | &nbsp;&nbsp;&nbsp;— |
| Bank of Montreal | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;71765 | &nbsp;&nbsp;&nbsp;CHF | &nbsp;&nbsp;&nbsp;56807 | &nbsp;&nbsp;&nbsp;1693 | &nbsp;&nbsp;&nbsp;— |
| Toronto-Dominion Bank | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;2780 | &nbsp;&nbsp;&nbsp;DKK | &nbsp;&nbsp;&nbsp;17673 | &nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;— |
| Toronto-Dominion Bank | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;171388 | &nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;146093 | &nbsp;&nbsp;&nbsp;4498 | &nbsp;&nbsp;&nbsp;— |
| BNP Paribas | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;5032 | &nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;4289 | &nbsp;&nbsp;&nbsp;133 | &nbsp;&nbsp;&nbsp;— |
| State Street Bank & Trust Co. | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;124010 | &nbsp;&nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;91254 | &nbsp;&nbsp;&nbsp;3479 | &nbsp;&nbsp;&nbsp;— |
| Barclays Bank plc | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;6115 | &nbsp;&nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;4518 | &nbsp;&nbsp;&nbsp;148 | &nbsp;&nbsp;&nbsp;— |
| Citibank, N.A. | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;42074 | &nbsp;&nbsp;&nbsp;HKD | &nbsp;&nbsp;&nbsp;329250 | &nbsp;&nbsp;&nbsp;68 | &nbsp;&nbsp;&nbsp;— |
| Barclays Bank plc | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;2875 | &nbsp;&nbsp;&nbsp;IDR | &nbsp;&nbsp;&nbsp;46808552 | &nbsp;&nbsp;&nbsp;39 | &nbsp;&nbsp;&nbsp;— |
| State Street Bank & Trust Co. | 8/18/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;3637 | &nbsp;&nbsp;&nbsp;ILS | &nbsp;&nbsp;&nbsp;12073 | &nbsp;&nbsp;&nbsp;83 | &nbsp;&nbsp;&nbsp;— |
| Goldman Sachs International | 8/18/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;1643 | &nbsp;&nbsp;&nbsp;ILS | &nbsp;&nbsp;&nbsp;5456 | &nbsp;&nbsp;&nbsp;37 | &nbsp;&nbsp;&nbsp;— |
| State Street Bank & Trust Co. | 8/18/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;91979 | &nbsp;&nbsp;&nbsp;INR | &nbsp;&nbsp;&nbsp;7895685 | &nbsp;&nbsp;&nbsp;1851 | &nbsp;&nbsp;&nbsp;— |
| UBS AG | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;48920 | &nbsp;&nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;7136650 | &nbsp;&nbsp;&nbsp;1511 | &nbsp;&nbsp;&nbsp;— |
| Royal Bank of Canada | 8/18/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;37090 | &nbsp;&nbsp;&nbsp;KRW | &nbsp;&nbsp;&nbsp;50827970 | &nbsp;&nbsp;&nbsp;627 | &nbsp;&nbsp;&nbsp;— |
| UBS AG | 8/18/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;4597 | &nbsp;&nbsp;&nbsp;KRW | &nbsp;&nbsp;&nbsp;6303151 | &nbsp;&nbsp;&nbsp;76 | &nbsp;&nbsp;&nbsp;— |
| Toronto-Dominion Bank | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;9680 | &nbsp;&nbsp;&nbsp;MXN | &nbsp;&nbsp;&nbsp;180532 | &nbsp;&nbsp;&nbsp;126 | &nbsp;&nbsp;&nbsp;— |
| Toronto-Dominion Bank | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;8542 | &nbsp;&nbsp;&nbsp;NOK | &nbsp;&nbsp;&nbsp;86276 | &nbsp;&nbsp;&nbsp;196 | &nbsp;&nbsp;&nbsp;— |
| State Street Bank & Trust Co. | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;7314 | &nbsp;&nbsp;&nbsp;SEK | &nbsp;&nbsp;&nbsp;69562 | &nbsp;&nbsp;&nbsp;201 | &nbsp;&nbsp;&nbsp;— |
| UBS AG | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;11905 | &nbsp;&nbsp;&nbsp;SGD | &nbsp;&nbsp;&nbsp;15209 | &nbsp;&nbsp;&nbsp;178 | &nbsp;&nbsp;&nbsp;— |
| BNP Paribas | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;81641 | &nbsp;&nbsp;&nbsp;TWD | &nbsp;&nbsp;&nbsp;2365707 | &nbsp;&nbsp;&nbsp;2510 | &nbsp;&nbsp;&nbsp;— |
| State Street Bank & Trust Co. | 8/15/2025 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;7865 | &nbsp;&nbsp;&nbsp;TWD | &nbsp;&nbsp;&nbsp;230690 | &nbsp;&nbsp;&nbsp;149 | &nbsp;&nbsp;&nbsp;— |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;20612 | &nbsp;&nbsp;&nbsp;(713) |

---

---

| |
|:---|
| AUD—Australian dollar. |
| BRL—Brazilian real. |
| CAD—Canadian dollar. |
| CHF—Swiss franc. |
| DKK—Danish krone. |
| EUR—euro. |
| GBP—British pound. |
| HKD—Hong Kong dollar. |
| IDR—Indonesian rupiah. |
| ILS—Israeli shekel. |
| INR—Indian rupee. |
| JPY—Japanese yen. |
| KRW—Korean won. |
| MXN—Mexican peso. |
| NOK—Norwegian krone. |
| SEK—Swedish krona. |
| SGD—Singapore dollar. |
| TWD—Taiwanese dollar. |
| USD—U.S. dollar. |

---

At July 31, 2025, the counterparties had deposited in segregated accounts securities with a value of $12,819 and cash of $2,520 in connection with open forward currency contracts.

**A.** Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales
prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices.
Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities' primary
markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. These procedures include obtaining quotations from an independent pricing
service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds),
between the time the foreign markets close and the fund's pricing time. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or
published prices for the same securities. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.

**B.** Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent
third party as of the fund's pricing time on the valuation date. Realized gains (losses) and unrealized appreciation

------

(depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).

**C.** Futures Contracts: The fund uses index futures contracts to a limited extent, with the objective of maintaining full exposure to the stock market while maintaining liquidity. The fund may purchase or sell futures
contracts to achieve a desired level of investment, whether to accommodate portfolio turnover or cash flows from capital share transactions. The primary risks associated with the use of futures contracts are imperfect
correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a
regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing
brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund's performance and requires daily settlement
of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.

Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).

**D.** Forward Currency Contracts: The fund enters into forward currency contracts to protect the value of securities and related receivables and payables against changes in future foreign exchange rates. Risks associated
with these types of forward currency contracts include movement in the values of the foreign currencies relative to the U.S. dollar and the ability of the counterparties to fulfill their obligations under the
contracts. The fund mitigates its counterparty risk by entering into forward currency contracts only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master
netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund
cannot be repledged, resold, or rehypothecated. The master netting arrangements provide that, in the event of a counterparty's default (including bankruptcy), the fund may terminate the forward currency
contracts, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting
arrangements. The forward currency contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the
fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the
Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the forward currency contracts exposure with each counterparty, and any difference, if in excess of a specified
minimum transfer amount, is adjusted and settled within two business days.

Forward currency contracts are valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. Fluctuations in the value of the contracts are recorded as an asset (liability).

**E.** Various inputs may be used to determine the value of the fund's investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used
to value securities are not necessarily an indication of the risk associated with investing in those securities.

#### Level 1 —Quoted prices in active markets for identical securities.

#### Level 2 —Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
**Level 3—Significant unobservable inputs (including the fund's own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.**

The following table summarizes the market value of the fund's investments and derivatives as of July 31, 2025, based on the inputs used to value them:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1<br> ($000) | &nbsp;&nbsp;&nbsp;Level 2<br> ($000) | &nbsp;&nbsp;&nbsp;Level 3<br> ($000) | &nbsp;&nbsp;&nbsp;Total<br> ($000) |
| **Investments** |  |  |  |  |
| Assets |  |  |  |  |
| Common Stocks—North and South America | 1357955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1357955 |
| Common Stocks—Other | &nbsp;&nbsp;&nbsp;&nbsp;173035 | &nbsp;&nbsp;&nbsp;572450 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;745485 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6523 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6523 |
| Temporary Cash Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46238 |
| Total | 1577228 | &nbsp;&nbsp;&nbsp;578973 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;2156201 |
| **Derivative Financial Instruments** |  |  |  |  |
| Assets |  |  |  |  |
| Futures Contracts<sup>1</sup> | 101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101 |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;20612 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;20612 |
| Total | 101 | &nbsp;&nbsp;&nbsp;20612 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;20713 |
| Liabilities |  |  |  |  |
| Futures Contracts<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;(3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(713) | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(713) |
| Total | &nbsp;&nbsp;&nbsp;&nbsp;(3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(713) | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(716) |

---

1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VANGUARD WHITEHALL FUNDS

- **b. Investment Company Act file number:** 811-07443

- **c. CIK number of Registrant:** 0001004655

- **d. LEI of Registrant:** 5493006QD7VQBS2FQD13

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

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

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

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

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

- **a. Name of Series:** VANGUARD GLOBAL MINIMUM VOLATILITY FUND

- **b. EDGAR series identifier (if any):** S000043242

- **c. LEI of Series:** 549300TB4QCT8P76XG31

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

- **a. Date of fiscal year-end:** 2025-10-31

- **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:** $2147867582.76

**Total Liabilities:** $1579664.07

**Net Assets:** $2146287918.69

**Cash Not Reported:** $13890953.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000133792 | 1.90%                | 0.60%                | -0.54%               |
| Class ID C000133791 | 1.97%                | 0.57%                | -0.54%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $18214871.02             | $21896578.69                               |
| Month 2  | $7416524.97              | $14541472.24                               |
| Month 3  | $9941727.41              | $-51054447.37                              |

**Designated Index Information**

- **Index Name:** FTSE Global All Cap Index Hedged

- **Index Identifier:** GPVAN095

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LEENO Industrial Inc                              | LEENO INDUSTRIAL               | CUSIP: Y5254W104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    116492 | NS      | $3956393.58   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| KT&G Corp                                         | KT&G CORP                      | CUSIP: N/A<br>LEI: 988400ZJV6ISYBLQX875       | Long             | EC               | CORP              | KR        |    152609 | NS      | $14303097.33  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Hologic Inc                                       | HOLOGIC INC                    | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     28416 | NS      | $1898757.12   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                                  | DUKE ENERGY CORP               | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     64978 | NS      | $7903923.92   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                       | CHEMED CORP                    | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     34769 | NS      | $14335258.70  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                              | WASTE MANAGEMENT               | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |    142603 | NS      | $32678903.48  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| TMX Group Ltd                                     | TMX GROUP LTD                  | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |     74487 | NS      | $3028722.27   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | JPY/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-106930.11   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Santos Ltd                                        | SANTOS LTD                     | CUSIP: N/A<br>LEI: 5299000RK70B5O2M7077       | Long             | EC               | CORP              | AU        |    317651 | NS      | $1598383.74   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Aon PLC                                           | AON PLC-CLASS A                | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | US        |     28388 | NS      | $10097895.48  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                       | NOVARTIS AG-REG                | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    165348 | NS      | $18830995.05  | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| HYBE Co Ltd                                       | HYBE CO LTD                    | CUSIP: N/A<br>LEI: 988400NYDQI538IJ3K23       | Long             | EC               | CORP              | KR        |      9455 | NS      | $1757322.65   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Unum Group                                        | UNUM GROUP                     | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     17025 | NS      | $1222565.25   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                           | PROCTER & GAMBLE               | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     56214 | NS      | $8458520.58   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurizon Holdings Ltd                              | AURIZON HOLDINGS               | CUSIP: N/A<br>LEI: 5299005PC1O6NOWL3H48       | Long             | EC               | CORP              | AU        |    654689 | NS      | $1359021.04   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Quest Diagnostics Inc                             | QUEST DIAGNOSTIC               | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     10199 | NS      | $1707414.59   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                                      | INNOVIVA INC                   | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     54405 | NS      | $988538.85    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                      | UNILEVER PLC                   | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |    134865 | NS      | $7824927.67   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Gas Group Ltd                     | CHINA RES GAS                  | CUSIP: G2113B108<br>LEI: 529900A0E1J5JSOKEK83 | Long             | EC               | CORP              | HK        |    530600 | NS      | $1343110.08   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AbbVie Inc                                        | ABBVIE INC                     | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     28413 | NS      | $5370625.26   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                         | APPLE INC                      | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     82057 | NS      | $17032571.49  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                | ANALOG DEVICES                 | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     24267 | NS      | $5451096.21   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SoftBank Corp                                     | SOFTBANK CORP                  | CUSIP: N/A<br>LEI: 353800M1YCTS9JRBJ535       | Long             | EC               | CORP              | JP        |  13712700 | NS      | $19812600.27  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC                                 | COMPASS GROUP                  | CUSIP: G23296208<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    907281 | NS      | $31881366.17  | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp                                        | NAVER CORP                     | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |     31678 | NS      | $5331252.53   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Co/The                                   | SOUTHERN CO                    | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    239827 | NS      | $22658854.96  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                                   | OGE ENERGY CORP                | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     55242 | NS      | $2509091.64   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp                            | PROGRESS SOFTWAR               | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     88411 | NS      | $4250800.88   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                    | MICROSOFT CORP                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     53283 | NS      | $28426480.50  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanghai Fudan Microelectronics Group Co Ltd      | SHANGHAI FUDAN-H               | CUSIP: N/A<br>LEI: 300300MN0B6IF027O317       | Long             | EC               | CORP              | HK        |   1384000 | NS      | $5541762.38   | 0.26%             |  |  |  | No            |                  2 | On Loan: —       |
| Orange SA                                         | ORANGE                         | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |   1735805 | NS      | $26403436.46  | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| WONIK IPS Co Ltd                                  | WONIK IPS CO LTD               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     27849 | NS      | $650359.23    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc                                      | ALPHABET INC-C                 | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     17492 | NS      | $3373507.12   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                              | PROGRESSIVE CORP               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    118226 | NS      | $28615421.04  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                          | VISA INC-CLASS A               | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     12959 | NS      | $4476945.73   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis Inc/Canada                                 | FORTIS INC                     | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |     99554 | NS      | $4871363.45   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | JPY/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1511085.17   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | SEK/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $200913.94    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AutoZone Inc                                      | AUTOZONE INC                   | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      1288 | NS      | $4853673.44   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                          | FOX CORP - A                   | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    240122 | NS      | $13389202.72  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                               | KIMBERLY-CLARK                 | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     92033 | NS      | $11469152.46  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                | META PLATFORMS-A               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       603 | NS      | $466384.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN NV                                | KPN (KONIN) NV                 | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |   2491506 | NS      | $11130798.25  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Hang Seng Bank Ltd                                | HANG SENG BANK                 | CUSIP: N/A<br>LEI: 5493009Z5F07LWZYMK62       | Long             | EC               | CORP              | HK        |     82800 | NS      | $1206122.46   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresh Del Monte Produce Inc                       | FRESH DEL MONTE                | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | US        |     26923 | NS      | $1012035.57   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                                     | H&R BLOCK INC                  | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     53015 | NS      | $2880835.10   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                          | ENGIE                          | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |    507213 | NS      | $11401242.90  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Brambles Ltd                                      | BRAMBLES LTD                   | CUSIP: Q6634U106<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    871285 | NS      | $13330174.42  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | GBP/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $147768.72    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FTI Consulting Inc                                | FTI CONSULTING                 | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |     97239 | NS      | $16175707.65  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | IDR/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $39044.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tryg A/S                                          | TRYG A/S                       | CUSIP: N/A<br>LEI: 213800ZRS8AC4LSTCE39       | Long             | EC               | CORP              | DK        |    111348 | NS      | $2685927.00   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Dolby Laboratories Inc                            | DOLBY LABORATO-A               | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |    181994 | NS      | $13711427.96  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Oversea-Chinese Banking Corp Ltd                  | OCBC BANK                      | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |    560561 | NS      | $7264398.68   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |    374518 | NS      | $37448005.32  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                     | CME GROUP INC                  | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     58070 | NS      | $16159719.60  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                         | CHUBB LTD                      | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | US        |      2996 | NS      | $797055.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                         | SANOFI                         | CUSIP: F5548N101<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    136633 | NS      | $12265630.22  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | SGD/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-28840.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| General Dynamics Corp                             | GENERAL DYNAMICS               | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     45292 | NS      | $14113440.12  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corp                                    | NEWMARKET CORP                 | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |     27016 | NS      | $18559992.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                    | MERCK & CO                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    190306 | NS      | $14866704.72  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Galenica AG                                       | GALENICA AG                    | CUSIP: H85158113<br>LEI: 506700W4772BD8016Z20 | Long             | EC               | CORP              | CH        |     32533 | NS      | $3452714.98   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| N/A                                               | KRW/USD FWD 20250818           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $75578.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | INR/USD FWD 20250818           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1851253.41   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| General Mills Inc                                 | GENERAL MILLS IN               | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |    511535 | NS      | $25054984.30  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                     | AUTOMATIC DATA                 | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     40733 | NS      | $12606863.50  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | SEK/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-29661.54    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FirstEnergy Corp                                  | FIRSTENERGY CORP               | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    108594 | NS      | $4638049.74   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Real Estate Investment Corp                 | JAPAN REAL ESTAT               | CUSIP: N/A<br>LEI: 3538003YAIR3CBGJJ928       | Long             | EC               | CORP              | JP        |      1067 | NS      | $865448.99    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Klepierre SA                                      | KLEPIERRE                      | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |     94914 | NS      | $3623049.89   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                                         | LINDE PLC                      | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | US        |      5481 | NS      | $2522685.06   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | AUD/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1214386.72   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | ILS/USD FWD 20250818           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $36948.88     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Loews Corp                                        | LOEWS CORP                     | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     18331 | NS      | $1659688.74   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CSL Ltd                                           | CSL LTD                        | CUSIP: Q3018U109<br>LEI: 529900ECSECK5ZDQTE14 | Long             | EC               | CORP              | AU        |     40350 | NS      | $6979912.67   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV              | FOMENTO ECON-ADR               | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153       | Long             | EC               | CORP              | US        |     58501 | NS      | $5292000.46   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                            | TYLER TECHNOLOG                | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      3772 | NS      | $2204960.32   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Colruyt Group N.V                                 | COLRUYT GROUP                  | CUSIP: N/A<br>LEI: 5493000O0NZ1BCXO8K39       | Long             | EC               | CORP              | BE        |     40419 | NS      | $1726572.41   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                        | HALEON PLC                     | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |   1459146 | NS      | $6844369.67   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Medibank Pvt Ltd                                  | MEDIBANK PRIVATE               | CUSIP: N/A<br>LEI: BDYVSUPTML83OLINBJ17       | Long             | EC               | CORP              | AU        |   4006169 | NS      | $13093776.41  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Tower Semiconductor Ltd                           | TOWER SEMICONDCT               | CUSIP: N/A<br>LEI: 54930086ZSNXZOUX0C54       | Long             | EC               | CORP              | IL        |     17116 | NS      | $794213.45    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hirose Electric Co Ltd                            | HIROSE ELECTRIC                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      5100 | NS      | $640382.05    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Colgate-Palmolive Co                              | COLGATE-PALMOLIV               | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |    264060 | NS      | $22141431.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | BRL/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $536455.49    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | HKD/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2230.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Consolidated Edison Inc                           | CONS EDISON INC                | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |    169012 | NS      | $17492742.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                   | TJX COS INC                    | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    178677 | NS      | $22250646.81  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                          | MARSH & MCLENNAN               | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      7565 | NS      | $1506948.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sage Group PLC/The                                | SAGE GROUP PLC/T               | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |    712769 | NS      | $11444679.96  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                      | IBERDROLA SA                   | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     59854 | NS      | $1052019.19   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| China Shenhua Energy Co Ltd                       | CHINA SHENHUA-H                | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40       | Long             | EC               | CORP              | HK        |    605000 | NS      | $2622159.86   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | EUR/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $4497611.41   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Pearson PLC                                       | PEARSON PLC                    | CUSIP: N/A<br>LEI: 2138004JBXWWJKIURC57       | Long             | EC               | CORP              | GB        |   1053641 | NS      | $14899486.43  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| RLI Corp                                          | RLI CORP                       | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |     30654 | NS      | $2022857.46   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Building Fund Inc                          | NIPPON BUILDING                | CUSIP: N/A<br>LEI: 52990053R8NL2MB32172       | Long             | EC               | CORP              | JP        |      1858 | NS      | $1704394.65   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Check Point Software Technologies Ltd             | CHECK POINT SOFT               | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | US        |     30892 | NS      | $5752090.40   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                          | FOX CORP - B                   | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    209417 | NS      | $10709585.38  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International NV                              | ASM INTL NV                    | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |      1723 | NS      | $834030.13    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | DKK/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $74987.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CLP Holdings Ltd                                  | CLP HOLDINGS                   | CUSIP: Y1660Q104<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |   1388605 | NS      | $12052778.83  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| CMS Energy Corp                                   | CMS ENERGY CORP                | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     35273 | NS      | $2603147.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                                       | IDACORP INC                    | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |    124108 | NS      | $15554455.64  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Hengan International Group Co Ltd                 | HENGAN INTL                    | CUSIP: G4402L151<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    184000 | NS      | $549682.30    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Uplus Corp                                     | LG UPLUS CORP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    110396 | NS      | $1162094.00   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ASMPT Ltd                                         | ASMPT LTD                      | CUSIP: N/A<br>LEI: 529900PYFA1HFYKPT360       | Long             | EC               | CORP              | HK        |    157800 | NS      | $1334942.83   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | TWD/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-81181.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                          | RELX PLC                       | CUSIP: G7493L105<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     29765 | NS      | $1546621.41   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamada Holdings Co Ltd                            | YAMADA HOLDINGS                | CUSIP: N/A<br>LEI: 353800MDZ4K1DQKLO464       | Long             | EC               | CORP              | JP        |    643000 | NS      | $1959684.54   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | TWD/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2510436.57   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CAR Group Ltd                                     | CAR GROUP LTD                  | CUSIP: Q21411121<br>LEI: 5299009TFWZGH2AN7D11 | Long             | EC               | CORP              | AU        |    216225 | NS      | $5262812.78   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| United Microelectronics Corp                      | UNITED MICRO-ADR               | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73       | Long             | EC               | CORP              | US        |   4444799 | NS      | $30402425.16  | 1.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Deutsche Telekom AG                               | DEUTSCHE TELEKOM               | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     94211 | NS      | $3378962.08   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Swiss Property AG                             | PSP SWISS PR-REG               | CUSIP: N/A<br>LEI: 50670042Y437P8X44F56       | Long             | EC               | CORP              | CH        |      4143 | NS      | $702919.31    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Canon Inc                                         | CANON INC                      | CUSIP: N/A<br>LEI: 529900JH1GSC035SSP77       | Long             | EC               | CORP              | JP        |     35000 | NS      | $994092.42    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc                           | O'REILLY AUTOMOT               | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |    290955 | NS      | $28606695.60  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                                   | BAE SYSTEMS PLC                | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |    138128 | NS      | $3295819.17   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                         | SHELL PLC                      | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |    880383 | NS      | $31634892.56  | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Reynolds Consumer Products Inc                    | REYNOLDS CONSUME               | CUSIP: 76171L106<br>LEI: 894500ZQLNYY77S80A06 | Long             | EC               | CORP              | US        |     59302 | NS      | $1333701.98   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                            | ROPER TECHNOLOGI               | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     36021 | NS      | $19825958.40  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc                       | ATLANTA BRAVES H               | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25129 | NS      | $1119748.24   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                                  | WR BERKLEY CORP                | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     68481 | NS      | $4712177.61   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sodexo SA                                         | SODEXO SA                      | CUSIP: F84941123<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |     40381 | NS      | $2401597.31   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Elbit Systems Ltd                                 | ELBIT SYSTEMS                  | CUSIP: N/A<br>LEI: 529900Q9CB1REUMZSS32       | Long             | EC               | CORP              | IL        |      6004 | NS      | $2769839.32   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Yelp Inc                                          | YELP INC                       | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     39637 | NS      | $1364701.91   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MOS Food Services Inc                             | MOS FOOD SERVICE               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     47800 | NS      | $1211116.66   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | TWD/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $148589.53    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |    701743 | NS      | $701672.67    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                            | BOSTON SCIENTIFC               | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    309831 | NS      | $32507468.52  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | CAD/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1181789.38   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Israel Discount Bank Ltd                          | ISRAEL DISCOUN-A               | CUSIP: 465074201<br>LEI: 549300XWZ7BG5G23OF51 | Long             | EC               | CORP              | IL        |    153267 | NS      | $1465773.52   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| AptarGroup Inc                                    | APTARGROUP INC                 | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |    199248 | NS      | $31309830.72  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Essity AB                                         | ESSITY AKTIEBO-B               | CUSIP: N/A<br>LEI: 549300G8E6YUVJ1DA153       | Long             | EC               | CORP              | SE        |     80766 | NS      | $1991488.41   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                                       | TELENOR ASA                    | CUSIP: R21882106<br>LEI: 549300IM1QSBY4SLPM26 | Long             | EC               | CORP              | NO        |     61616 | NS      | $945244.75    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Banque Cantonale Vaudoise                         | BANQUE CANTO-REG               | CUSIP: N/A<br>LEI: K1MOBB3OPSBBQO554R76       | Long             | EC               | CORP              | CH        |     17241 | NS      | $1995202.03   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Co/The                                  | COCA-COLA CO/THE               | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    459586 | NS      | $31201293.54  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                            | CHURCH & DWIGHT                | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |    291280 | NS      | $27313325.60  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                               | ABBOTT LABS                    | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     68228 | NS      | $8609691.32   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SEEK Ltd                                          | SEEK LTD                       | CUSIP: Q8382E102<br>LEI: 549300209NEKXBC8QO27 | Long             | EC               | CORP              | AU        |     67069 | NS      | $1034584.31   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Tele2 AB                                          | TELE2 AB-B SHS                 | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |    280452 | NS      | $4334416.87   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Enbridge Inc                                      | ENBRIDGE INC                   | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     30351 | NS      | $1374513.03   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Swisscom AG                                       | SWISSCOM AG-REG                | CUSIP: N/A<br>LEI: 5493005SL9HHOXS3B739       | Long             | EC               | CORP              | CH        |     49234 | NS      | $34209473.07  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | CHF/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1692649.96   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group PLC                             | AUTO TRADER                    | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |    239655 | NS      | $2645740.84   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Wipro Ltd                                         | WIPRO LTD-ADR                  | CUSIP: N/A<br>LEI: 335800IFS1IJHESG8362       | Long             | EC               | CORP              | US        |    289759 | NS      | $788144.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Scout24 SE                                        | SCOUT24 SE                     | CUSIP: N/A<br>LEI: 5493007EIKM2ENQS7U66       | Long             | EC               | CORP              | DE        |     58619 | NS      | $7833937.39   | 0.36%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Douzone Bizon Co Ltd                              | DOUZONE BIZON CO               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     49176 | NS      | $2513485.38   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                     | HDFC BANK-ADR                  | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | US        |    254955 | NS      | $19572895.35  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                                           | ENI SPA                        | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |    589825 | NS      | $10066739.72  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| VeriSign Inc                                      | VERISIGN INC                   | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |     70781 | NS      | $19030887.47  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Bank of Korea                          | INDUSTRIAL BANK                | CUSIP: N/A<br>LEI: 988400RBIWE3YA18PK12       | Long             | EC               | CORP              | KR        |    200339 | NS      | $2795020.01   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | S&P500 EMINI FUT  Sep25        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        61 | NC      | $13306.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                              | WILLIAMS COS INC               | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    124747 | NS      | $7478582.65   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | GBP/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-136247.48   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Exchange Ltd                            | SINGAPORE EXCH                 | CUSIP: N/A<br>LEI: 549300IQ650PPXM76X03       | Long             | EC               | CORP              | SG        |    222126 | NS      | $2723620.60   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                                           | GSK PLC                        | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |    395740 | NS      | $7279234.25   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyushu Railway Co                                 | JR KYUSHU                      | CUSIP: N/A<br>LEI: 5299002CCI6HLWAN3K50       | Long             | EC               | CORP              | JP        |    219400 | NS      | $5305689.18   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Texas Instruments Inc                             | TEXAS INSTRUMENT               | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    130994 | NS      | $23717773.64  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co Ltd                           | CHUNGHWA TEL-ADR               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    114346 | NS      | $4962616.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc                       | RYAN SPECIALTY H               | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79698 | NS      | $4876720.62   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Intact Financial Corp                             | INTACT FINANCIAL               | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |     84672 | NS      | $17501487.30  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk PT                   | TELEKOMUNIKA-ADR               | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | US        |    135171 | NS      | $2379009.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | EURO STOXX 50     Sep25        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        32 | NC      | $7830.64      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | HKD/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $67979.11     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | SGD/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $178229.21    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | NOK/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $196075.12    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd         | TAIWAN SEMIC-ADR               | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | US        |    132941 | NS      | $32121204.42  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc                  | PRESTIGE CONSUME               | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16181 | NS      | $1196584.95   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Orkla ASA                                         | ORKLA ASA                      | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |    277173 | NS      | $2914758.80   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Inc                            | BERKSHIRE HATH-B               | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      7065 | NS      | $3333832.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc                                           | BOX INC- CLASS A               | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |    190558 | NS      | $6116911.80   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA                               | HENKEL AG -PREF                | CUSIP: D3207M110<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |     44368 | NS      | $3418957.97   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Origin Energy Ltd                                 | ORIGIN ENERGY                  | CUSIP: N/A<br>LEI: ZSN2LWNPYW6ISMRUC664       | Long             | EC               | CORP              | AU        |    452336 | NS      | $3382483.07   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Kagome Co Ltd                                     | KAGOME                         | CUSIP: N/A<br>LEI: 549300QC5KRGKXSZKO90       | Long             | EC               | CORP              | JP        |    151500 | NS      | $2895016.12   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                      | DNB BANK ASA                   | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |     55826 | NS      | $1412382.88   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| McKesson Corp                                     | MCKESSON CORP                  | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     38620 | NS      | $26784514.80  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                              | LOCKHEED MARTIN                | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     55449 | NS      | $23342920.02  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education Inc                            | LAUREATE EDUCATI               | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |     99408 | NS      | $2246620.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesfarmers Ltd                                    | WESFARMERS LTD                 | CUSIP: N/A<br>LEI: 5493003L32ZX9557ST85       | Long             | EC               | CORP              | AU        |    278824 | NS      | $15251532.51  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Realty Income Corp                                | REALTY INCOME                  | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |      7573 | NS      | $425072.49    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                                        | STRIDE INC                     | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |      6347 | NS      | $813875.81    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                         | TELEDYNE TECH                  | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       863 | NS      | $475530.26    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                   | ASTRAZENECA PLC                | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     31205 | NS      | $4552548.44   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Cirrus Logic Inc                                  | CIRRUS LOGIC INC               | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     59235 | NS      | $5965556.85   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                           | CBOE GLOBAL MARK               | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |    103244 | NS      | $24885933.76  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Holdings Corp                                  | GS HOLDINGS                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     12144 | NS      | $429697.48    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | TOPIX INDX FUTR   Sep25        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         9 | NC      | $92726.37     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijing Enterprises Holdings Ltd                  | BJ ENT HLDGS                   | CUSIP: N/A<br>LEI: 529900896ODARUEY2V26       | Long             | EC               | CORP              | HK        |    486500 | NS      | $2035547.48   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | MXN/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $126285.18    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                          | ITAU UNIBANC-ADR               | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | US        |   2865123 | NS      | $17964321.21  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                                   | MCDONALDS CORP                 | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |    107379 | NS      | $32221216.53  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corp                             | PEMBINA PIPELINE               | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |    464573 | NS      | $17267255.70  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Logista Integral SA                               | LOGISTA                        | CUSIP: N/A<br>LEI: 9598000ANNAL42UJ7X28       | Long             | EC               | CORP              | ES        |     18859 | NS      | $596897.16    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                             | NORTHROP GRUMMAN               | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     46934 | NS      | $27062613.74  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp                 | MADISON SQUARE G               | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29384 | NS      | $5938506.40   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | GBP/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $3479250.61   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co Ltd                     | ASE TECHN-ADR                  | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | US        |   1612923 | NS      | $15322768.50  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | KRW/USD FWD 20250818           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $627247.19    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc                              | WEC ENERGY GROUP               | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     33399 | NS      | $3643162.92   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                          | RTX CORP                       | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    124654 | NS      | $19641730.78  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                                 | ATMOS ENERGY                   | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     77971 | NS      | $12157238.32  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                             | BECTON DICKINSON               | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     13722 | NS      | $2445946.50   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kangwon Land Inc                                  | KANGWON LAND INC               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     31605 | NS      | $424240.29    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| International Business Machines Corp              | IBM                            | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |    108261 | NS      | $27406272.15  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                       | INFOSYS LTD-ADR                | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | US        |    648502 | NS      | $10842953.44  | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Coupang Inc                                       | COUPANG INC                    | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    391319 | NS      | $11516518.17  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                                     | BEIERSDORF AG                  | CUSIP: N/A<br>LEI: L47NHHI0Z9X22DV46U41       | Long             | EC               | CORP              | DE        |     31935 | NS      | $3968310.87   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Silgan Holdings Inc                               | SILGAN HOLDINGS                | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    109912 | NS      | $5114205.36   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                   | EQUITY LIFESTYLE               | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    144169 | NS      | $8638606.48   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                            | MOTOROLA SOLUTIO               | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     66742 | NS      | $29298403.16  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone SA                                         | DANONE                         | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |    281090 | NS      | $23003509.46  | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                       | NVIDIA CORP                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     13388 | NS      | $2381323.56   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                        | AMDOCS LTD                     | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | US        |    355191 | NS      | $30319103.76  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                                  | INTERDIGITAL INC               | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3726 | NS      | $962053.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | CHF/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-111330.64   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                   | ASML HOLDING NV                | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      3518 | NS      | $2438230.50   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Telia Co AB                                       | TELIA CO AB                    | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |    399540 | NS      | $1411059.49   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Agree Realty Corp                                 | AGREE REALTY                   | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    143467 | NS      | $10286583.90  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington H Soul Pattinson & Co Ltd              | WASHINGTON H. SO               | CUSIP: Q85717108<br>LEI: 549300G2Q3P6ZVNC1465 | Long             | EC               | CORP              | AU        |     56854 | NS      | $1477069.99   | 0.07%             |  |  |  | No            |                  2 | On Loan: —       |
| Cardinal Health Inc                               | CARDINAL HEALTH                | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      3908 | NS      | $606599.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                             | WASTE CONNECTION               | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      3796 | NS      | $708846.02    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sampo Oyj                                         | SAMPO OYJ-A SHS                | CUSIP: X75653232<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |    745618 | NS      | $8003217.77   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                            | SAP SE                         | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     30120 | NS      | $8612980.28   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzano SA                                         | SUZANO SA-SP ADR               | CUSIP: N/A<br>LEI: 391200AW174YQSDMGG41       | Long             | EC               | CORP              | US        |    337567 | NS      | $3129246.09   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Samsung Electronics Co Ltd                        | SAMSUNG ELE-PREF               | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EP               | CORP              | KR        |     75375 | NS      | $3103523.95   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                           | E.ON SE                        | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |    191557 | NS      | $3494618.98   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Omega Healthcare Investors Inc                    | OMEGA HEALTHCARE               | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |    410358 | NS      | $15962926.20  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Holdings Co Japan Ltd                  | MCDONALD'S HOLDI               | CUSIP: N/A<br>LEI: 529900FY9FV0AYNRC729       | Long             | EC               | CORP              | JP        |    146900 | NS      | $5866194.68   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CCC Intelligent Solutions Holdings Inc            | CCC INTELLIGENT                | CUSIP: 12510Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1102008 | NS      | $10656417.36  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                    | ICICI BANK-ADR                 | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | US        |    969471 | NS      | $32671172.70  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                       | PEPSICO INC                    | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      4465 | NS      | $615812.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | EUR/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $132618.34    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                                       | EQUINOR ASA                    | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     84791 | NS      | $2178074.65   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Hydro One Ltd                                     | HYDRO ONE LTD                  | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |    507688 | NS      | $17953747.11  | 0.84%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Bankinter SA                                      | BANKINTER                      | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |    729345 | NS      | $10410832.62  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| NetApp Inc                                        | NETAPP INC                     | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     13575 | NS      | $1413564.75   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuyao Glass Industry Group Co Ltd                 | FUYAO GLASS IN-H               | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | HK        |    672800 | NS      | $4850599.08   | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Deutsche Boerse AG                                | DEUTSCHE BOERSE                | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      3402 | NS      | $984495.36    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | ILS/USD FWD 20250818           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $83303.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Redeia Corp SA                                    | REDEIA CORP                    | CUSIP: E42807110<br>LEI: 5493009HMD0C90GUV498 | Long             | EC               | CORP              | ES        |     62571 | NS      | $1213000.29   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollarama Inc                                     | DOLLARAMA INC                  | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |    172689 | NS      | $23602657.92  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil SAB de CV                           | AMERICA MOVIL SA               | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59       | Long             | EC               | CORP              | US        |    151487 | NS      | $2737370.09   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods Inc                                 | FLOWERS FOODS                  | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |    496948 | NS      | $7876625.80   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd               | WHITE MOUNTAINS                | CUSIP: G9618E107<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | US        |     11516 | NS      | $20588304.80  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                       | CENCORA INC                    | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |    114613 | NS      | $32788487.04  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                 | JOHNSON&JOHNSON                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    206070 | NS      | $33947971.80  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc                         | MERIT MEDICAL                  | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |     40959 | NS      | $3475780.74   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Reddy's Laboratories Ltd                       | DR. REDDY'S LABO               | CUSIP: N/A<br>LEI: 335800OVDPY3DVZR2798       | Long             | EC               | CORP              | US        |   1685761 | NS      | $23971521.42  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Toho Co Ltd/Tokyo                                 | TOHO CO LTD                    | CUSIP: N/A<br>LEI: 529900IYHHYWU4O3H185       | Long             | EC               | CORP              | JP        |     51400 | NS      | $3242990.47   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| HMM Co Ltd                                        | HMM CO LTD                     | CUSIP: N/A<br>LEI: 988400M8Q35QDZ4XXW80       | Long             | EC               | CORP              | KR        |    300353 | NS      | $5049763.07   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Cisco Systems Inc                                 | CISCO SYSTEMS                  | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    509752 | NS      | $34703916.16  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Assets Holdings Ltd                         | POWER ASSETS                   | CUSIP: N/A<br>LEI: 254900JOWYUW1ZX4DF47       | Long             | EC               | CORP              | HK        |    644770 | NS      | $4245228.27   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                            | PETROBR-SP P ADR               | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | US        |    277647 | NS      | $3226258.14   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Insurance Australia Group Ltd                     | INSURANCE AUSTRA               | CUSIP: N/A<br>LEI: 549300PFEWKNHRG25N08       | Long             | EC               | CORP              | AU        |   1240901 | NS      | $6965694.91   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic Services Inc                             | REPUBLIC SVCS                  | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |    131789 | NS      | $30397132.85  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | EUR/USD FWD 20250815           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-212874.16   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Sinopharm Group Co Ltd                            | SINOPHARM-H                    | CUSIP: Y8008N107<br>LEI: 529900N54X78YH9JYK92 | Long             | EC               | CORP              | HK        |   3058800 | NS      | $7352212.73   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Coles Group Ltd                                   | COLES GROUP LTD                | CUSIP: N/A<br>LEI: 549300OHQRG2HN8LZ793       | Long             | EC               | CORP              | AU        |    216019 | NS      | $2876069.48   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-25

**Name of Applicant:** VANGUARD WHITEHALL FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer