# EDGAR Filing Document

**Accession Number:** 0001004655
**File Stem:** 0001752724-23-075097
**Filing Date:** 2023-3
**Character Count:** 249100
**Document Hash:** 2dc190e957d7b4f1cd7152a17a997898
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-075097.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-075097

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD WHITEHALL FUNDS
- **CENTRAL INDEX KEY:** 0001004655
- **IRS NUMBER:** 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:** 23784184

**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 International Explorer Fund (Series ID: S000004407)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000012165 | Investor Shares | VINEX           |

## Nport-Ex

Vanguard<sup>®</sup> International Explorer™ Fund

Schedule of Investments (unaudited)

As of January 31, 2023

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.

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| **Common Stocks (99.0%)** | **Common Stocks (99.0%)** | **Common Stocks (99.0%)** | **Common Stocks (99.0%)** |
| **Australia (4.8%)** | **Australia (4.8%)** | **Australia (4.8%)** | **Australia (4.8%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;James Hardie Industries plc | &nbsp;&nbsp;&nbsp; 306699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6882 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Iluka Resources Ltd. | &nbsp;&nbsp;&nbsp; 710197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5465 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Charter Hall Group | &nbsp;&nbsp;&nbsp; 505354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4976 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Xero Ltd. | &nbsp;&nbsp;&nbsp; 85096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4690 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Netwealth Group Ltd. | &nbsp;&nbsp;&nbsp; 414148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3950 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Vicinity Ltd. | &nbsp;&nbsp;&nbsp; 2279395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3335 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Deterra Royalties Ltd. | &nbsp;&nbsp;&nbsp; 916799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3181 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Mineral Resources Ltd. | &nbsp;&nbsp;&nbsp; 45342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2871 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Pilbara Minerals Ltd. | &nbsp;&nbsp;&nbsp; 817033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2779 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Tyro Payments Ltd. | &nbsp;&nbsp;&nbsp; 2604392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2775 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Whitehaven Coal Ltd. | &nbsp;&nbsp;&nbsp; 464752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2764 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;IGO Ltd. | &nbsp;&nbsp;&nbsp; 246283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2560 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Credit Corp. Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2449 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Omni Bridgeway Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;810177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2326 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Orora Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1078906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2283 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Liberty Financial Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2248 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Bellevue Gold Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;2441954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2072 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Ansell Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1915 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nufarm Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;412805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1737 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Metcash Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;518840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1538 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Seven Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1448 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;OZ Minerals Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1345 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Reliance Worldwide Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1253 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Elders Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1130 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Breville Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1078 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nick Scali Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1025 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Bapcor Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1005 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Temple & Webster Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;878 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Lovisa Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;852 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Vulcan Energy Resources Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;SiteMinder Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608 |
| <sup>\*,1,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Flight Centre Travel Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;CSR Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;562 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cleanspace Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1717529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;486 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;GrainCorp Ltd. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Atlas Arteria Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**76520** |
| **Austria (0.9%)** | **Austria (0.9%)** | **Austria (0.9%)** | **Austria (0.9%)** |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;BAWAG Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6981 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;ANDRITZ AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4019 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Addiko Bank AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2398 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Wienerberger AG | &nbsp;&nbsp;&nbsp; 39430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1186 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14584** |
| **Belgium (2.9%)** | **Belgium (2.9%)** | **Belgium (2.9%)** | **Belgium (2.9%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;D'ieteren Group | &nbsp;&nbsp;&nbsp; 52234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9983 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Azelis Group NV | &nbsp;&nbsp;&nbsp; 241097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6511 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Barco NV | &nbsp;&nbsp;&nbsp; 250937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6352 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Warehouses De Pauw CVA | &nbsp;&nbsp;&nbsp; 183216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5810 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Recticel SA | &nbsp;&nbsp;&nbsp; 274689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5152 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Lotus Bakeries NV | &nbsp;&nbsp;&nbsp; 655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4260 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Melexis NV | &nbsp;&nbsp;&nbsp; 35866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3821 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;KBC Ancora | &nbsp;&nbsp;&nbsp; 73593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3613 |
| <sup>\*,1,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Biocartis Group NV | &nbsp;&nbsp;&nbsp; 308017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**45739** |
| **Brazil (1.1%)** | **Brazil (1.1%)** | **Brazil (1.1%)** | **Brazil (1.1%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;TOTVS SA | &nbsp;&nbsp;&nbsp;&nbsp;1001300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5931 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;TIM SA | &nbsp;&nbsp;&nbsp;&nbsp;1728800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4015 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Rumo SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;769600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2787 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Cia de Saneamento Basico do Estado de Sao Paulo | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2682 |
| <sup>\*,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Locaweb Servicos de Internet SA | &nbsp;&nbsp;&nbsp;&nbsp;1990500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2514 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Magazine Luiza SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17929** |
| **Canada (2.6%)** | **Canada (2.6%)** | **Canada (2.6%)** | **Canada (2.6%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Kinaxis Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9817 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Boardwalk REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4738 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Docebo Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3828 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Nuvei Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3736 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Endeavour Mining plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2873 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Colliers International Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2832 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Parex Resources Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2764 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;MEG Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2698 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Lightspeed Commerce Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2486 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Lightspeed Commerce Inc. (XTSE) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1969 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;EcoSynthetix Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1579 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Boat Rocker Media Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1511 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**40831** |
| **China (1.0%)** | **China (1.0%)** | **China (1.0%)** | **China (1.0%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Tongcheng Travel Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1499200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3397 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Beijing Enterprises Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;831500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2824 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pou Sheng International Holdings Ltd. | &nbsp;&nbsp;&nbsp;15865314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1900 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;China Datang Corp. Renewable Power Co. Ltd. Class H | &nbsp;&nbsp;&nbsp;&nbsp;5446000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1797 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Vnet Group Inc. ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1602 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Country Garden Services Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1533 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Minth Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1192 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Kingdee International Software Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;573 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Niu Technologies ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15164** |
| **Denmark (0.9%)** | **Denmark (0.9%)** | **Denmark (0.9%)** | **Denmark (0.9%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Royal Unibrew A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6448 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;ALK-Abello A/S Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3598 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Ascendis Pharma A/S ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2280 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Zealand Pharma A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1890 |
| <sup>\*,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;OW Bunker A/S | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14216** |
| **Finland (0.3%)** | **Finland (0.3%)** | **Finland (0.3%)** | **Finland (0.3%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kemira OYJ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2374 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Nanoform Finland plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1234 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Wartsila OYJ Abp | &nbsp;&nbsp;&nbsp; 123428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1174 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nokian Renkaat OYJ | &nbsp;&nbsp;&nbsp; 62136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5526** |
| **France (2.9%)** | **France (2.9%)** | **France (2.9%)** | **France (2.9%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Trigano SA | &nbsp;&nbsp;&nbsp; 62881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8765 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;JCDecaux SE | &nbsp;&nbsp;&nbsp; 344811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7803 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nexans SA | &nbsp;&nbsp;&nbsp; 66987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7103 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kaufman & Broad SA | &nbsp;&nbsp;&nbsp; 161675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5080 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;ALD SA | &nbsp;&nbsp;&nbsp; 259444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3262 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;ICADE | &nbsp;&nbsp;&nbsp; 65891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3130 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Rubis SCA | &nbsp;&nbsp;&nbsp; 92759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2596 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;ESI Group | &nbsp;&nbsp;&nbsp; 31012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2496 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Rothschild & Co. | &nbsp;&nbsp;&nbsp; 51941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2194 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Vallourec SA | &nbsp;&nbsp;&nbsp; 77970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1138 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Gaztransport Et Technigaz SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1081 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Vicat SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;862 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Imerys SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cellectis SA ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cellectis SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**46820** |
| **Germany (5.2%)** | **Germany (5.2%)** | **Germany (5.2%)** | **Germany (5.2%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;New Work SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9459 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Gerresheimer AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8598 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Hypoport SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7569 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hensoldt AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6422 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Befesa SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6420 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;CTS Eventim AG & Co. KGaA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5959 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;HelloFresh SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5922 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Stabilus SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5562 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Jenoptik AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4231 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Stemmer Imaging AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3750 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Tonies SE Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3055 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Dermapharm Holding SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2837 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;AIXTRON SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2671 |
| <sup>\*,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Auto1 Group SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1810 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Bertrandt AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1773 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Evotec SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1422 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;KION Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1303 |
| <sup>1,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Aumann AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1266 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cherry SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1120 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Immatics NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;915 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Jumia Technologies AG ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Veganz Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**82557** |
| **Hong Kong (2.1%)** | **Hong Kong (2.1%)** | **Hong Kong (2.1%)** | **Hong Kong (2.1%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kerry Properties Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;2631500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6672 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hang Lung Properties Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;2962000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5585 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Techtronic Industries Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4467 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Dah Sing Financial Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1616754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4285 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Melco Resorts & Entertainment Ltd. ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3710 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Johnson Electric Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;2083125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2861 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Crystal International Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;6289500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2002 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Mandarin Oriental International Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1042 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Vitasoy International Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;657 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Hypebeast Ltd. | &nbsp;&nbsp;&nbsp;12315700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Chow Sang Sang Holdings International Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Luk Fook Holdings International Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Dah Sing Banking Group Ltd. | &nbsp;&nbsp;&nbsp; 311200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**32947** |
| **Hungary (0.0%)** | **Hungary (0.0%)** | **Hungary (0.0%)** | **Hungary (0.0%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;MOL Hungarian Oil & Gas plc | &nbsp;&nbsp;&nbsp; 51646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386 |
| **India (1.5%)** | **India (1.5%)** | **India (1.5%)** | **India (1.5%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Apollo Hospitals Enterprise Ltd. | &nbsp;&nbsp;&nbsp; 167690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8751 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Oberoi Realty Ltd. | &nbsp;&nbsp;&nbsp; 557770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5617 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Gujarat Pipavav Port Ltd. | &nbsp;&nbsp;&nbsp; 3484656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4013 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;CreditAccess Grameen Ltd. | &nbsp;&nbsp;&nbsp; 290629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3066 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Alembic Pharmaceuticals Ltd. | &nbsp;&nbsp;&nbsp; 172743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1138 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;MakeMyTrip Ltd. | &nbsp;&nbsp;&nbsp; 33023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;957 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Zomato Ltd. | &nbsp;&nbsp;&nbsp; 916724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;562 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24104** |
| **Ireland (1.3%)** | **Ireland (1.3%)** | **Ireland (1.3%)** | **Ireland (1.3%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Bank of Ireland Group plc | &nbsp;&nbsp;&nbsp;&nbsp;1045306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11168 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;AIB Group plc | &nbsp;&nbsp;&nbsp;&nbsp;1144979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4810 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Smurfit Kappa Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4440 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20418** |
| **Israel (0.8%)** | **Israel (0.8%)** | **Israel (0.8%)** | **Israel (0.8%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Maytronics Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5908 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Melisron Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3020 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Nayax Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2158 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Wix.com Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2148 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13234** |
| **Italy (4.5%)** | **Italy (4.5%)** | **Italy (4.5%)** | **Italy (4.5%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Reply SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13493 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Brunello Cucinelli SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10645 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Recordati Industria Chimica e Farmaceutica SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7294 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;PRADA SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;968200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6191 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Moncler SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5640 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Technogym SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4650 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;BFF Bank SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4288 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Stevanato Group SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4012 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Italgas SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;596245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3490 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;OVS SpA | &nbsp;&nbsp;&nbsp;&nbsp;1413847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3404 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Banco BPM SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3171 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Salvatore Ferragamo SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1978 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Banca Generali SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1668 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Buzzi Unicem SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1324 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**71248** |
| **Japan (27.9%)** | **Japan (27.9%)** | **Japan (27.9%)** | **Japan (27.9%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Calbee Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;454800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10271 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Miura Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9629 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;SBI Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9307 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Trusco Nakayama Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9145 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kissei Pharmaceutical Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;454800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8960 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Aica Kogyo Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8899 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Japan Material Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8695 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;FP Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8606 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nifco Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8529 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Ai Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8129 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;KOMEDA Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7962 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Sumitomo Forestry Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7759 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Musashi Seimitsu Industry Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7704 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;GMO internet group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7571 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Harmonic Drive Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7417 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nippon Shinyaku Co. Ltd. | &nbsp;&nbsp;&nbsp; 137700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7087 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Daifuku Co. Ltd. | &nbsp;&nbsp;&nbsp; 128200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7059 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Raksul Inc. | &nbsp;&nbsp;&nbsp; 641200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6941 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kureha Corp. | &nbsp;&nbsp;&nbsp; 103900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6786 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Katitas Co. Ltd. | &nbsp;&nbsp;&nbsp; 275900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6765 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nippon Densetsu Kogyo Co. Ltd. | &nbsp;&nbsp;&nbsp; 539400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6755 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;NEC Networks & System Integration Corp. | &nbsp;&nbsp;&nbsp; 491500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6564 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Fukushima Galilei Co. Ltd. | &nbsp;&nbsp;&nbsp; 192000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6517 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Tsugami Corp. | &nbsp;&nbsp;&nbsp; 580900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6431 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Megachips Corp. | &nbsp;&nbsp;&nbsp; 296000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6180 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hakuhodo DY Holdings Inc. | &nbsp;&nbsp;&nbsp; 544600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5886 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Oisix ra daichi Inc. | &nbsp;&nbsp;&nbsp; 340200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5741 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;OBIC Business Consultants Co. Ltd. | &nbsp;&nbsp;&nbsp; 132800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5215 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Food & Life Cos. Ltd. | &nbsp;&nbsp;&nbsp; 223900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4983 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Obara Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4974 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Fukuoka Financial Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4797 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;eGuarantee Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4783 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Nittoku Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4657 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Bank of Kyoto Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4597 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;DMG Mori Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4472 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Kamakura Shinsho Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;518200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4264 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Iriso Electronics Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4171 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Sansan Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4116 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kyushu Electric Power Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4058 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Koito Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3957 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kyoritsu Maintenance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3923 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Descente Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3806 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;TechnoPro Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3761 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Seino Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3728 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Digital Garage Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3667 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Glory Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3636 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;JINS Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3623 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Frontier Real Estate Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3494 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Bengo4.com Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3453 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Fukuyama Transporting Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3372 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;SRE Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3319 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Tokyo Tatemono Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3192 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pola Orbis Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3187 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nikon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3119 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Ulvac Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3116 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;LaSalle Logiport REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3085 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Asahi Intecc Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3070 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Japan Airport Terminal Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3049 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;JMDC Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3027 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Park24 Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3024 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Optex Group Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2958 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;WealthNavi Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2928 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Snow Peak Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2899 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Outsourcing Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;363800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2827 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Universal Entertainment Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2701 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pigeon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2688 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;KH Neochem Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2649 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Asics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2566 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;COLOPL Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;492600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2523 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Mandom Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2518 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;GA Technologies Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2453 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Ibiden Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2365 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Shima Seiki Manufacturing Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2345 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kitanotatsujin Corp. | &nbsp;&nbsp;&nbsp; 913500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2333 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Istyle Inc. | &nbsp;&nbsp;&nbsp; 582400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2217 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Mani Inc. | &nbsp;&nbsp;&nbsp; 150900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2207 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Seria Co. Ltd. | &nbsp;&nbsp;&nbsp; 99900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2195 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;JSR Corp. | &nbsp;&nbsp;&nbsp; 93561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2105 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Tokyo Ohka Kogyo Co. Ltd. | &nbsp;&nbsp;&nbsp; 42400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2090 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Sojitz Corp. | &nbsp;&nbsp;&nbsp; 104480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2071 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;dip Corp. | &nbsp;&nbsp;&nbsp; 67600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2006 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Infomart Corp. | &nbsp;&nbsp;&nbsp; 600900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1944 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Yamaha Motor Co. Ltd. | &nbsp;&nbsp;&nbsp; 76960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1896 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;IHI Corp. | &nbsp;&nbsp;&nbsp; 59400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1805 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Amada Co. Ltd. | &nbsp;&nbsp;&nbsp; 195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1752 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Freee KK | &nbsp;&nbsp;&nbsp; 64000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1690 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kawasaki Heavy Industries Ltd. | &nbsp;&nbsp;&nbsp; 73300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1677 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Ebara Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1630 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Rorze Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1630 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Tokyo Century Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1617 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Locondo Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1538 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Heiwa Real Estate Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1505 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;NET One Systems Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1494 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nabtesco Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1482 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Ichiyoshi Securities Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1408 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Sumitomo Heavy Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1348 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;NOF Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1299 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;THK Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1280 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Fuji Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1264 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Square Enix Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1263 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Air Water Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1242 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Anicom Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1229 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;EXEO Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1191 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Inaba Denki Sangyo Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1156 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;JGC Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1149 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Inter Action Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1140 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;COMSYS Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1129 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Resonac Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1080 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;JTOWER Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1078 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kansai Paint Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1031 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;BayCurrent Consulting Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;959 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Simplex Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;918 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kyudenko Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Shin-Etsu Polymer Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;842 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Mitsubishi Gas Chemical Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;837 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;SHO-BOND Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Max Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;MIRAIT ONE Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Demae-Can Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;667 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Shiga Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kumagai Gumi Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;662 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Yamazen Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;GMO Financial Gate Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;NSK Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Hino Motors Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nippon Shokubai Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Daicel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Comture Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Teijin Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Sekisui Jushi Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Lintec Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Yokogawa Bridge Holdings Corp. | &nbsp;&nbsp;&nbsp; 36000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Japan Steel Works Ltd. | &nbsp;&nbsp;&nbsp; 24800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Denka Co. Ltd. | &nbsp;&nbsp;&nbsp; 23400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Giken Ltd. | &nbsp;&nbsp;&nbsp; 19700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Toyo Construction Co. Ltd. | &nbsp;&nbsp;&nbsp; 67000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Shibaura Machine Co. Ltd. | &nbsp;&nbsp;&nbsp; 19600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Yamato Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp; 20700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Disco Corp. | &nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Tsuruha Holdings Inc. | &nbsp;&nbsp;&nbsp; 3700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Ichikoh Industries Ltd. | &nbsp;&nbsp;&nbsp; 34300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**445374** |
| **Mexico (0.3%)** | **Mexico (0.3%)** | **Mexico (0.3%)** | **Mexico (0.3%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Corp. Inmobiliaria Vesta SAB de CV | &nbsp;&nbsp;&nbsp; 905500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2474 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Grupo Aeroportuario del Pacifico SAB de CV Class B | &nbsp;&nbsp;&nbsp; 117929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2036 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4510** |
| **Netherlands (2.3%)** | **Netherlands (2.3%)** | **Netherlands (2.3%)** | **Netherlands (2.3%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;BE Semiconductor Industries NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10951 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;TKH Group NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9172 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;ASM International NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7912 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Allfunds Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3411 |
| <sup>\*,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Alfen N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2917 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Corbion NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1253 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Koninklijke Vopak NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**36275** |
| **New Zealand (0.2%)** | **New Zealand (0.2%)** | **New Zealand (0.2%)** | **New Zealand (0.2%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Volpara Health Technologies Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;3340667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1905 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Fletcher Building Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1212 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3117** |
| **Norway (0.2%)** | **Norway (0.2%)** | **Norway (0.2%)** | **Norway (0.2%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Borregaard ASA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3204 |
| **Other (0.9%)** | **Other (0.9%)** | **Other (0.9%)** | **Other (0.9%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE Small-Cap ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14728 |
| **Philippines (0.3%)** | **Philippines (0.3%)** | **Philippines (0.3%)** | **Philippines (0.3%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Wilcon Depot Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6877100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4028 |
| **Poland (0.1%)** | **Poland (0.1%)** | **Poland (0.1%)** | **Poland (0.1%)** |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Grupa Pracuj SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2105 |
| **Singapore (1.1%)** | **Singapore (1.1%)** | **Singapore (1.1%)** | **Singapore (1.1%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Venture Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7051 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;SATS Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1447200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3340 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;UOL Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3140 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;CapitaLand Ascott Trust | &nbsp;&nbsp;&nbsp;&nbsp;3384400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2869 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;ComfortDelGro Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;794 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17194** |
| **Slovenia (0.0%)** | **Slovenia (0.0%)** | **Slovenia (0.0%)** | **Slovenia (0.0%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nova Ljubljanska Banka dd GDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470 |
| **South Africa (0.3%)** | **South Africa (0.3%)** | **South Africa (0.3%)** | **South Africa (0.3%)** |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Thungela Resources Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2989 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Discovery Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2120 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5109** |
| **South Korea (1.3%)** | **South Korea (1.3%)** | **South Korea (1.3%)** | **South Korea (1.3%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Koh Young Technology Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7212 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Douzone Bizon Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3992 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;PI Advanced Materials Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2938 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Park Systems Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1848 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hanon Systems | &nbsp;&nbsp;&nbsp; 169206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1262 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cafe24 Corp. | &nbsp;&nbsp;&nbsp; 108131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;SNT Motiv Co. Ltd. | &nbsp;&nbsp;&nbsp; 21048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;784 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Wantedlab Inc. | &nbsp;&nbsp;&nbsp; 61325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;743 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;NCSoft Corp. | &nbsp;&nbsp;&nbsp; 785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20070** |
| **Spain (0.9%)** | **Spain (0.9%)** | **Spain (0.9%)** | **Spain (0.9%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Fluidra SA | &nbsp;&nbsp;&nbsp; 313710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5538 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Bankinter SA | &nbsp;&nbsp;&nbsp; 609115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4395 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Almirall SA | &nbsp;&nbsp;&nbsp; 289908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2921 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Banco de Sabadell SA | &nbsp;&nbsp;&nbsp; 730815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;956 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Arima Real Estate SOCIMI SA | &nbsp;&nbsp;&nbsp; 74003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14395** |
| **Sweden (4.8%)** | **Sweden (4.8%)** | **Sweden (4.8%)** | **Sweden (4.8%)** |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Avanza Bank Holding AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14484 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;AddTech AB Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9074 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Trelleborg AB Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8376 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hemnet Group AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7284 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;HMS Networks AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5395 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cint Group AB | &nbsp;&nbsp;&nbsp;&nbsp;1129018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4238 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;INVISIO AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3660 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hufvudstaden AB Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3259 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Paradox Interactive AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3082 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;SSAB AB Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2836 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Billerud AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2794 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Cellavision AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2339 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Thule Group AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2265 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Surgical Science Sweden AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1684 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Xvivo Perfusion AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1576 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;VNV Global AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;512570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1408 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Fortnox AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1072 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Embracer Group AB Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1030 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Bactiguard Holding AB Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Storytel AB Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;628 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**77287** |
| **Switzerland (4.5%)** | **Switzerland (4.5%)** | **Switzerland (4.5%)** | **Switzerland (4.5%)** |
| <sup>\*,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Sensirion Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9579 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Julius Baer Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9425 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Tecan Group AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6581 |
| <sup>\*,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Montana Aerospace AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5930 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;SIG Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5560 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Comet Holding AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5489 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Bossard Holding AG (Registered) Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5427 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Siegfried Holding AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4681 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;PSP Swiss Property AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4130 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Dufry AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3172 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Ypsomed Holding AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3139 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;u-blox Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2779 |
| <sup>\*,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;PolyPeptide Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2464 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Bachem Holding AG Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2122 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Emmi AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1116 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**71594** |
| **Taiwan (4.9%)** | **Taiwan (4.9%)** | **Taiwan (4.9%)** | **Taiwan (4.9%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Airtac International Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;535593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18317 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Global Unichip Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12695 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Chroma ATE Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1702694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10566 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;ASPEED Technology Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6104 |

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| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Voltronic Power Technology Corp. | &nbsp;&nbsp;&nbsp; 113252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5731 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Merida Industry Co. Ltd. | &nbsp;&nbsp;&nbsp; 868000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5282 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Vanguard International Semiconductor Corp. | &nbsp;&nbsp;&nbsp; 1196000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4020 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Advantech Co. Ltd. | &nbsp;&nbsp;&nbsp; 331000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3785 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nien Made Enterprise Co. Ltd. | &nbsp;&nbsp;&nbsp; 336000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3502 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Sinbon Electronics Co. Ltd. | &nbsp;&nbsp;&nbsp; 363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3488 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nanya Technology Corp. | &nbsp;&nbsp;&nbsp; 1222000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2374 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;TCI Co. Ltd. | &nbsp;&nbsp;&nbsp; 303000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1910 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Giant Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp; — |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**77774** |
| **United Kingdom (16.1%)** | **United Kingdom (16.1%)** | **United Kingdom (16.1%)** | **United Kingdom (16.1%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Spectris plc | &nbsp;&nbsp;&nbsp; 286122 | &nbsp;&nbsp;&nbsp;&nbsp;11343 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Beazley plc | &nbsp;&nbsp;&nbsp; 1308017 | &nbsp;&nbsp;&nbsp;&nbsp;10764 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Games Workshop Group plc | &nbsp;&nbsp;&nbsp; 91884 | &nbsp;&nbsp;&nbsp;&nbsp;10658 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;IMI plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9721 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Rotork plc | &nbsp;&nbsp;&nbsp;&nbsp;2299396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9058 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Cranswick plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6876 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;RS Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6081 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Safestore Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5967 |
| <sup>\*,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Network International Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;1755558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5700 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Dunelm Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5280 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pets at Home Group plc | &nbsp;&nbsp;&nbsp;&nbsp;1180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5133 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Keywords Studios plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5105 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Weir Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5070 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pennon Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4724 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Smart Metering Systems plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4681 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Softcat plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4558 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;QinetiQ Group plc | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4486 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;ConvaTec Group plc | &nbsp;&nbsp;&nbsp;&nbsp;1519233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4407 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Victoria plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4339 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Alpha Group International plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4210 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Abcam plc ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4193 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;easyJet plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;666687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4061 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Telecom Plus plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3941 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Bodycote plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3935 |
| <sup>\*,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Trainline plc | &nbsp;&nbsp;&nbsp;&nbsp;1120698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3924 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Verona Pharma plc ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3860 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Dechra Pharmaceuticals plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3724 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Halma plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3594 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Auto Trader Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3491 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Berkeley Group Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3390 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;SSP Group plc | &nbsp;&nbsp;&nbsp;&nbsp;1055910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3381 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Derwent London plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3368 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Taylor Wimpey plc | &nbsp;&nbsp;&nbsp;&nbsp;2318634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3364 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Burford Capital Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3131 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Team17 Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3117 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;FD Technologies plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3093 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Redrow plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3079 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;IG Group Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3048 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Vistry Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3039 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;LondonMetric Property plc | &nbsp;&nbsp;&nbsp;&nbsp;1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2796 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;WH Smith plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2749 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;B&M European Value Retail SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2736 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Hyve Group plc | &nbsp;&nbsp;&nbsp;&nbsp;2988455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2699 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;NCC Group plc | &nbsp;&nbsp;&nbsp;&nbsp;1160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2688 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Diploma plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2605 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Greggs plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2543 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Renishaw plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2440 |

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| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;National Express Group plc | &nbsp;&nbsp;&nbsp; 1479829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2438 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Immunocore Holdings plc ADR | &nbsp;&nbsp;&nbsp; 39671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2431 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Segro plc | &nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2368 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Keller Group plc | &nbsp;&nbsp;&nbsp; 235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2342 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;dotdigital group plc | &nbsp;&nbsp;&nbsp; 1794282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2080 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Restaurant Group plc | &nbsp;&nbsp;&nbsp; 4480564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Wise plc Class A | &nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2011 |
| <sup>\*,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Trustpilot Group plc | &nbsp;&nbsp;&nbsp; 1526623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1932 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Energean plc | &nbsp;&nbsp;&nbsp; 130110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1868 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Sabre Insurance Group plc | &nbsp;&nbsp;&nbsp; 1431673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1820 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Harbour Energy plc | &nbsp;&nbsp;&nbsp; 470242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1819 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Ithaca Energy plc | &nbsp;&nbsp;&nbsp; 777304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1802 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Bridgepoint Group plc | &nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1632 |
| <sup>\*,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;DP Eurasia NV | &nbsp;&nbsp;&nbsp; 2352397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1614 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Molten Ventures plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1603 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Intermediate Capital Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1568 |
| <sup>\*,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Watches of Switzerland Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1518 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Impax Asset Management Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1334 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Smiths Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1302 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Elementis plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;769472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1189 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Naked Wines plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;699191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1146 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;UNITE Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1065 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Synthomer plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;843 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Angle plc | &nbsp;&nbsp;&nbsp;&nbsp;1465172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533 |
| <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Petershill Partners plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Marshalls plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Serica Energy plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**257479** |
| **United States (0.1%)** | **United States (0.1%)** | **United States (0.1%)** | **United States (0.1%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Merus NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2373 |
| **Total Common Stocks (Cost $1,446,246)** | **Total Common Stocks (Cost $1,446,246)** | **Total Common Stocks (Cost $1,446,246)** | **1579309** |
|  | Coupon |  |  |
| **Temporary Cash Investments (5.2%)** | **Temporary Cash Investments (5.2%)** | **Temporary Cash Investments (5.2%)** | **Temporary Cash Investments (5.2%)** |
| **Money Market Fund (4.7%)** | **Money Market Fund (4.7%)** | **Money Market Fund (4.7%)** | **Money Market Fund (4.7%)** |
| <sup>4,5</sup> | 4.437% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;738857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73878 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | Coupon | Maturity<br> Date | &nbsp;&nbsp;&nbsp;Face<br> Amount<br> ($000) | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| **Repurchase Agreements (0.5%)** | **Repurchase Agreements (0.5%)** | **Repurchase Agreements (0.5%)** | **Repurchase Agreements (0.5%)** | **Repurchase Agreements (0.5%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs & Co.<br> (Dated 1/31/23, Repurchase Value $8,301,000, collateralized by Fannie Mae 2.500%–5.500%, 5/1/33–12/1/49, Federal Farm Credit Bank 4.800%–6.000%, 12/8/23–4/28/42, and Freddie Mac 4.000%, 12/1/40, with a value of $8,466,000) | 4.250% | 2/1/23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8300 | &nbsp;&nbsp;&nbsp; 8300 |
| **Total Temporary Cash Investments (Cost $82,164)** | **Total Temporary Cash Investments (Cost $82,164)** | **Total Temporary Cash Investments (Cost $82,164)** | **Total Temporary Cash Investments (Cost $82,164)** | &nbsp;&nbsp;&nbsp;&nbsp;**82178** |
| **Total Investments (104.2%) (Cost $1,528,410)** | **Total Investments (104.2%) (Cost $1,528,410)** | **Total Investments (104.2%) (Cost $1,528,410)** |  | **1661487** |
| **Other Assets and Liabilities—Net (-4.2%)** | **Other Assets and Liabilities—Net (-4.2%)** | **Other Assets and Liabilities—Net (-4.2%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**(66841)** |
| **Net Assets (100%)** | **Net Assets (100%)** | **Net Assets (100%)** |  | **1594646** |

---

---

| | |
|:---|:---|
| 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 $41,197,000. |
| 2 | Security value determined using significant unobservable inputs. |
| 3 | 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 January 31, 2023, the aggregate value was $86,550,000, representing 5.4% of net assets. |
| 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 $45,015,000 was received for securities on loan, of which $40,382,000 is held in Vanguard Market Liquidity Fund and $4,633,000 is held in cash. |

---

ADR—American Depositary Receipt. <br> GDR—Global Depositary Receipt. <br> REIT—Real Estate Investment Trust.

------

#### 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 | Long Futures Contracts | Long Futures Contracts | Long Futures Contracts | Long Futures Contracts |
| MSCI EAFE Index | March 2023 | &nbsp;&nbsp;174 | 18435 | &nbsp;&nbsp;&nbsp;&nbsp;844 |
| MSCI Emerging Market Index | March 2023 | 124 | &nbsp;&nbsp;&nbsp;6477 | &nbsp;&nbsp;&nbsp;&nbsp;183 |
|  |  |  |  | &nbsp;&nbsp;1027 |

---

------

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. Temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.

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. Repurchase Agreements: The fund enters into repurchase agreements with institutional counterparties. Securities pledged as collateral to the fund under repurchase agreements are held by a custodian bank until the agreements mature, and in the absence of a default, such collateral cannot be repledged, resold, or rehypothecated. Each agreement requires that the market value of the collateral be sufficient to cover payments of interest and principal. The fund further mitigates its counterparty risk by entering into repurchase agreements only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master repurchase agreements with its counterparties. The master repurchase agreements provide that, in the event of a counterparty's default (including bankruptcy), the fund may terminate any repurchase agreements with that counterparty, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund. Such action may be subject to legal proceedings, which may delay or limit the disposition of collateral.

D. 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).

------

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 January 31, 2023, 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 | &nbsp;&nbsp;107539 | &nbsp;&nbsp;&nbsp;1471169 | &nbsp;&nbsp;&nbsp;601 | &nbsp;&nbsp;&nbsp;1579309 |
| Temporary Cash Investments | &nbsp;&nbsp;&nbsp;73878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8300 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82178 |
| Total | 181417 | &nbsp;&nbsp;&nbsp;1479469 | &nbsp;&nbsp;&nbsp;601 | &nbsp;&nbsp;&nbsp;1661487 |
| **Derivative Financial Instruments** |  |  |  |  |
| Assets |  |  |  |  |
| Futures Contracts<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1027 |

---

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 INTERNATIONAL EXPLORER FUND

- **b. EDGAR series identifier (if any):** S000004407

- **c. LEI of Series:** 88VXU7452NE7ZNF35F68

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $1676631104.05

**Total Liabilities:** $45042369.55

**Net Assets:** $1631588734.50

**Cash Not Reported:** $1109775.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012165 | 12.91%               | -1.56%               | 8.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-10373150.22            | $192930287.33                              |
| Month 2  | $-7204459.59             | $-17638750.31                              |
| Month 3  | $-804845.96              | $129049849.55                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| dotdigital group plc                              | DOTDIGITAL GROUP               | CUSIP: N/A<br>LEI: 2138006LZ7HHQ6DWFD42       | Long             | EC               | CORP              | GB        |   1794282 | NS      | $2080312.30   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Alembic Pharmaceuticals Ltd                       | ALEMBIC PHARMACE               | CUSIP: N/A<br>LEI: 335800PM173KNG818V30       | Long             | EC               | CORP              | IN        |    172743 | NS      | $1137650.24   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Luk Fook Holdings International Ltd               | LUK FOOK HLDGS I               | CUSIP: N/A<br>LEI: 529900U7PECBLERIIX44       | Long             | EC               | CORP              | HK        |     81000 | NS      | $280905.93    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Dah Sing Banking Group Ltd                        | DAHSING BANKING                | CUSIP: N/A<br>LEI: 529900DXBMKJOLLQOM66       | Long             | EC               | CORP              | HK        |    246400 | NS      | $199240.28    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SSAB AB                                           | SSAB-A                         | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               | CORP              | SE        |    396739 | NS      | $2835745.86   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Food & Life Cos Ltd                               | FOOD & LIFE COMP               | CUSIP: J78446101<br>LEI: 529900CWF7GCVZKS5M87 | Long             | EC               | CORP              | JP        |    223900 | NS      | $4983229.36   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Flight Centre Travel Group Ltd                    | FLIGHT CENTRE TR               | CUSIP: N/A<br>LEI: 254900BGNUI78EKEJY68       | Long             | EC               | CORP              | AU        |     53416 | NS      | $600849.58    | 0.04%             |  |  |  | No            |                  3 | On Loan: —       |
| ASPEED Technology Inc                             | ASPEED TECH                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     86200 | NS      | $6104550.27   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Sensirion Holding AG                              | SENSIRION HOLDIN               | CUSIP: N/A<br>LEI: 894500ANJ9YNE8YCTT04       | Long             | EC               | CORP              | CH        |     80495 | NS      | $9578871.67   | 0.59%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Team17 Group PLC                                  | TEAM17 GROUP PLC               | CUSIP: N/A<br>LEI: 2138006EUUCCL4ZI5E51       | Long             | EC               | CORP              | GB        |    538118 | NS      | $3116655.76   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Games Workshop Group PLC                          | GAMES WORKSHOP                 | CUSIP: N/A<br>LEI: 213800RP9QJQYGWHNT41       | Long             | EC               | CORP              | GB        |     94184 | NS      | $10924695.14  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Nabtesco Corp                                     | NABTESCO CORP                  | CUSIP: N/A<br>LEI: 529900DVHQXYRTGW7739       | Long             | EC               | CORP              | JP        |     50600 | NS      | $1481492.91   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SSP Group Plc                                     | SSP GROUP PLC                  | CUSIP: N/A<br>LEI: 213800QGNIWTXFMENJ24       | Long             | EC               | CORP              | GB        |   1055910 | NS      | $3380564.36   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| LaSalle Logiport REIT                             | LASALLE LOGIPORT               | CUSIP: N/A<br>LEI: 353800II3DI1RPKBB314       | Long             | EC               | CORP              | JP        |      2546 | NS      | $3084743.06   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Redrow PLC                                        | REDROW PLC                     | CUSIP: N/A<br>LEI: 2138008WJZBBA7EYEL28       | Long             | EC               | CORP              | GB        |    530000 | NS      | $3399557.11   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Hang Lung Properties Ltd                          | HANG LUNG PPT                  | CUSIP: N/A<br>LEI: 529900CIVTNMXQT59E61       | Long             | EC               | CORP              | HK        |   2962000 | NS      | $5584985.93   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Optex Group Co Ltd                                | OPTEX GROUP CO L               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    180400 | NS      | $2957562.12   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Pennon Group PLC                                  | PENNON GRP PLC                 | CUSIP: N/A<br>LEI: 213800V1CCTS41GWH423       | Long             | EC               | CORP              | GB        |    416103 | NS      | $4723611.09   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Disco Corp                                        | DISCO CORP                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1200 | NS      | $360519.18    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Merida Industry Co Ltd                            | MERIDA INDUSTRY                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    868000 | NS      | $5281676.22   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Vopak NV                              | VOPAK                          | CUSIP: N/A<br>LEI: 724500UL634GFV1KYF10       | Long             | EC               | CORP              | NL        |     21886 | NS      | $659437.55    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ANDRITZ AG                                        | ANDRITZ AG                     | CUSIP: N/A<br>LEI: 549300VZKC61IR5U8G96       | Long             | EC               | CORP              | AT        |     67214 | NS      | $4019499.17   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Pigeon Corp                                       | PIGEON CORP                    | CUSIP: N/A<br>LEI: 2549006T3HT0TI9IRV62       | Long             | EC               | CORP              | JP        |    169100 | NS      | $2687482.72   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Nittoku Co Ltd                                    | NITTOKU CO LTD                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    228400 | NS      | $4657138.72   | 0.29%             |  |  |  | No            |                  2 | On Loan: —       |
| Petershill Partners PLC                           | PETERSHILL PLC                 | CUSIP: N/A<br>LEI: 213800HTCF8A7XM22A32       | Long             | EC               | CORP              | GB        |    350000 | NS      | $731958.53    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sojitz Corp                                       | SOJITZ CORP                    | CUSIP: N/A<br>LEI: 5493004SE33MRLPB1W98       | Long             | EC               | CORP              | JP        |    104480 | NS      | $2071454.42   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Dunelm Group PLC                                  | DUNELM GROUP                   | CUSIP: N/A<br>LEI: 213800WCOWEI3T5DUV19       | Long             | EC               | CORP              | GB        |    380000 | NS      | $5467188.77   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Melisron Ltd                                      | MELISRON                       | CUSIP: N/A<br>LEI: 213800B9SL62L9VLO604       | Long             | EC               | CORP              | IL        |     43194 | NS      | $3020257.34   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Zealand Pharma A/S                                | ZEALAND PHARMA A               | CUSIP: N/A<br>LEI: 549300ITBB1ULBL4CZ12       | Long             | EC               | CORP              | DK        |     60512 | NS      | $1889856.99   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyo Construction Co Ltd                          | TOYO CONSTRUCTIO               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     67000 | NS      | $440253.92    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Demae-Can Co Ltd                                  | DEMAE-CAN CO LTD               | CUSIP: N/A<br>LEI: 35380058ZGSGRV80PE35       | Long             | EC               | CORP              | JP        |    201200 | NS      | $667080.99    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Amada Co Ltd                                      | AMADA CO LTD                   | CUSIP: N/A<br>LEI: 529900QF5O6TQGCPDX85       | Long             | EC               | CORP              | JP        |    195000 | NS      | $1751639.84   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CreditAccess Grameen Ltd                          | CREDITACCESS GRA               | CUSIP: N/A<br>LEI: 335800YHFDVKKBDQMK23       | Long             | EC               | CORP              | IN        |    290629 | NS      | $3066446.44   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Arteria Ltd                                 | ATLAS ARTERIA                  | CUSIP: N/A<br>LEI: 254900SGF4ZQDBH2YC59       | Long             | EC               | CORP              | AU        |     56130 | NS      | $272984.22    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Trainline PLC                                     | TRAINLINE PLC                  | CUSIP: N/A<br>LEI: 213800HO26VXTFJ4MO71       | Long             | EC               | CORP              | GB        |   1120698 | NS      | $3923530.39   | 0.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ConvaTec Group PLC                                | CONVATEC GROUP P               | CUSIP: N/A<br>LEI: 213800LS272L4FIDOH92       | Long             | EC               | CORP              | GB        |   1519233 | NS      | $4406492.01   | 0.27%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Naked Wines PLC                                   | NAKED WINES PLC                | CUSIP: N/A<br>LEI: 213800IYPFIRRQQE9R62       | Long             | EC               | CORP              | GB        |    699191 | NS      | $1146204.06   | 0.07%             |  |  |  | No            |                  2 | On Loan: —       |
| Raksul Inc                                        | RAKSUL INC                     | CUSIP: N/A<br>LEI: 353800MJOUNWM4MY4B07       | Long             | EC               | CORP              | JP        |    641200 | NS      | $6941175.72   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Hakuhodo DY Holdings Inc                          | HAKUHODO DY HOLD               | CUSIP: J19174101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    544600 | NS      | $5885681.95   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Dermapharm Holding SE                             | DERMAPHARM HOLDI               | CUSIP: D1T0ZJ103<br>LEI: 5299009F0KNZINQQQK37 | Long             | EC               | CORP              | DE        |     68340 | NS      | $2836732.70   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Ohka Kogyo Co Ltd                           | TOKYO OHKA KOGYO               | CUSIP: J87430104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     42400 | NS      | $2089747.53   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Melco Resorts & Entertainment Ltd                 | MELCO RESO-ADR                 | CUSIP: N/A<br>LEI: 529900NRV6LBR3T6B421       | Long             | EC               | CORP              | US        |    326100 | NS      | $4454526.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AIXTRON SE                                        | AIXTRON SE                     | CUSIP: N/A<br>LEI: 5299004UJ4D51M25LD67       | Long             | EC               | CORP              | DE        |     89627 | NS      | $2670484.96   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Minth Group Ltd                                   | MINTH GROUP LTD                | CUSIP: G6145U109<br>LEI: 254900B2AH0G13K9G204 | Long             | EC               | CORP              | HK        |    406145 | NS      | $1192036.70   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Anicom Holdings Inc                               | ANICOM HD                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    258500 | NS      | $1228845.26   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| OW Bunker A/S                                     | OW BUNKER A/S                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DK        |   1000000 | NS      | $7.31         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Bellevue Gold Ltd                                 | BELLEVUE GOLD LT               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2441954 | NS      | $2071917.19   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NOF Corp                                          | NOF                            | CUSIP: J58934100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     30500 | NS      | $1299215.11   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| IHI Corp                                          | IHI CORP                       | CUSIP: N/A<br>LEI: 549300ETQIESIUQ2OE26       | Long             | EC               | CORP              | JP        |     59400 | NS      | $1804850.55   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Shinyaku Co Ltd                            | NIPPON SHINYAKU                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    137700 | NS      | $7086891.45   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Pilbara Minerals Ltd                              | PILBARA MINERALS               | CUSIP: N/A<br>LEI: 5299000VV1CZVF5K9C16       | Long             | EC               | CORP              | AU        |    817033 | NS      | $2779481.39   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Recordati Industria Chimica e Farmaceutica SpA    | RECORDATI SPA                  | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |    166499 | NS      | $7294070.83   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Bachem Holding AG                                 | BACHEM HOLDING                 | CUSIP: N/A<br>LEI: 506700S81111XI7TG884       | Long             | EC               | CORP              | CH        |     24000 | NS      | $2122412.98   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Ancora                                        | KBC ANCORA                     | CUSIP: N/A<br>LEI: 549300I4XZ0RR3ZOSZ55       | Long             | EC               | CORP              | BE        |     72165 | NS      | $3543139.40   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Sabadell SA                              | BANCO SABADELL                 | CUSIP: N/A<br>LEI: SI5RG2M0WQQLZCXKRM20       | Long             | EC               | CORP              | ES        |    569109 | NS      | $744033.16    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Marshalls PLC                                     | MARSHALLS PLC                  | CUSIP: N/A<br>LEI: 213800S21IFC367J5V62       | Long             | EC               | CORP              | GB        |     87426 | NS      | $366177.98    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Smiths Group PLC                                  | SMITHS GRP PLC                 | CUSIP: G82401111<br>LEI: 213800MJL6IPZS3ASA11 | Long             | EC               | CORP              | GB        |     60993 | NS      | $1302018.90   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Keywords Studios PLC                              | KEYWORDS STUDIOS               | CUSIP: N/A<br>LEI: 2138007VR9ZYCWS7VE12       | Long             | EC               | CORP              | GB        |    145340 | NS      | $5104840.38   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Eventim AG & Co KGaA                          | CTS EVENTIM AG &               | CUSIP: D1648T108<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |     84892 | NS      | $5959142.21   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Rubis SCA                                         | RUBIS                          | CUSIP: F7937E106<br>LEI: 969500MGFIKUGLTC9742 | Long             | EC               | CORP              | FR        |     92759 | NS      | $2595888.18   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Restaurant Group PLC/The                          | RESTAURANT GROUP               | CUSIP: N/A<br>LEI: 213800V4LJ2FXMQKKA46       | Long             | EC               | CORP              | GB        |   4480564 | NS      | $2015477.92   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Nanoform Finland Plc                              | NANOFORM FINLAND               | CUSIP: N/A<br>LEI: 743700JJO2NU8LBS1592       | Long             | EC               | CORP              | FI        |    390217 | NS      | $1234163.61   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| THK Co Ltd                                        | THK CO LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     60300 | NS      | $1279707.89   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Mandom Corp                                       | MANDOM CORP                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    214900 | NS      | $2436398.61   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Corp Inmobiliaria Vesta SAB de CV                 | VESTA SAB DE CV                | CUSIP: N/A<br>LEI: 4469000001BIRIFZJ959       | Long             | EC               | CORP              | MX        |    905500 | NS      | $2473589.12   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TCI Co Ltd                                        | TCI                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    303000 | NS      | $1909646.14   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Rotork PLC                                        | ROTORK PLC                     | CUSIP: G76717134<br>LEI: 213800AH5RZIHGWRJ718 | Long             | EC               | CORP              | GB        |   2299396 | NS      | $9057860.21   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Kamakura Shinsho Ltd                              | KAMAKURA SHINSHO               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    518200 | NS      | $4264269.49   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyoritsu Maintenance Co Ltd                       | KYORITSU MAINTEN               | CUSIP: N/A<br>LEI: 353800IO2MFHL1NA0986       | Long             | EC               | CORP              | JP        |     85900 | NS      | $3923393.63   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Ichiyoshi Securities Co Ltd                       | ICHIYOSHI SEC                  | CUSIP: N/A<br>LEI: 353800A8M3VE49QYFV53       | Long             | EC               | CORP              | JP        |    301834 | NS      | $1442555.81   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Harmonic Drive Systems Inc                        | HARMONIC DRIVE                 | CUSIP: N/A<br>LEI: 353800XFIX2EUARGOE85       | Long             | EC               | CORP              | JP        |    220200 | NS      | $7416544.61   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| BFF Bank SpA                                      | BFF BANK SPA                   | CUSIP: N/A<br>LEI: 815600522538355AE429       | Long             | EC               | CORP              | IT        |    463671 | NS      | $4288092.84   | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| easyJet PLC                                       | EASYJET PLC                    | CUSIP: N/A<br>LEI: 2138001S47XKWIB7TH90       | Long             | EC               | CORP              | GB        |    666687 | NS      | $4061185.72   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Comet Holding AG                                  | COMET HOLDING-R                | CUSIP: N/A<br>LEI: 506700PGOL747J76WC96       | Long             | EC               | CORP              | CH        |     23746 | NS      | $5489141.57   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| SHO-BOND Holdings Co Ltd                          | SHO-BOND HD                    | CUSIP: J7447D107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     17700 | NS      | $755190.66    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Locondo Inc                                       | LOCONDO INC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    195500 | NS      | $1538114.12   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BayCurrent Consulting Inc                         | BAYCURRENT CONS                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     22570 | NS      | $959441.02    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA/Brazil                                     | TIM SA                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1728800 | NS      | $4015237.87   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanon Systems                                     | HANON SYSTEMS                  | CUSIP: N/A<br>LEI: 5493004WIDNO4WOEYG91       | Long             | EC               | CORP              | KR        |    169206 | NS      | $1262310.04   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Whitehaven Coal Ltd                               | WHITEHAVEN COAL                | CUSIP: N/A<br>LEI: 529900WCZ4I6ZO3RRP86       | Long             | EC               | CORP              | AU        |    464752 | NS      | $2763481.85   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| KOMEDA Holdings Co Ltd                            | KOMEDA HOLDINGS                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    428200 | NS      | $7961670.40   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Tongcheng Travel Holdings Ltd                     | TONGCHENG TRAVEL               | CUSIP: N/A<br>LEI: 2549004WGGNOPL8NUL61       | Long             | EC               | CORP              | HK        |   1499200 | NS      | $3396902.59   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Molten Ventures PLC                               | MOLTEN VENTURES                | CUSIP: N/A<br>LEI: 213800IPCR3SAYJWSW10       | Long             | EC               | CORP              | GB        |    362299 | NS      | $1602797.88   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| EcoSynthetix Inc                                  | ECOSYNTHETIX INC               | CUSIP: 27923D108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    585334 | NS      | $1579308.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| B&M European Value Retail SA                      | B&M EUROPEAN                   | CUSIP: N/A<br>LEI: 213800UK7ZRLY2K1X530       | Long             | EC               | CORP              | GB        |    494658 | NS      | $2735615.48   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Bertrandt AG                                      | BERTRANDT AG                   | CUSIP: D1014N107<br>LEI: 529900DRBK1K538NYX30 | Long             | EC               | CORP              | DE        |     36269 | NS      | $1773417.28   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| TKH Group NV                                      | TKH GROUP NV                   | CUSIP: N/A<br>LEI: 7245008G22FOV7TYYJ34       | Long             | EC               | CORP              | NL        |    202092 | NS      | $9171988.36   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Lightspeed Commerce Inc                           | LIGHTSPEED COMME               | CUSIP: 53229C107<br>LEI: 254900T8MDWRTGMFZ257 | Long             | EC               | CORP              | US        |    137345 | NS      | $2485944.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupa Pracuj SA                                   | GRUPA PRACUJ SA                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | PL        |    178398 | NS      | $2105367.36   | 0.13%             |  |  |  | No            |                  2 | On Loan: —       |
| Nifco Inc/Japan                                   | NIFCO INC                      | CUSIP: 654101104<br>LEI: 353800JMDOH68J9I5140 | Long             | EC               | CORP              | JP        |    328600 | NS      | $8529384.07   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| James Hardie Industries PLC                       | JAMES HARDIE-CDI               | CUSIP: N/A<br>LEI: 635400NSGXKTVOO7JU45       | Long             | EC               | CORP              | AU        |    306699 | NS      | $6881879.33   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| FD Technologies PLC                               | FD TECHNOLOGIES                | CUSIP: N/A<br>LEI: 213800MKQAJ5R7WIU633       | Long             | EC               | CORP              | GB        |    182698 | NS      | $3092954.34   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Temple & Webster Group Ltd                        | TEMPLE & WEBSTER               | CUSIP: N/A<br>LEI: 549300BZZ48T6HQ11E08       | Long             | EC               | CORP              | AU        |    215277 | NS      | $878330.34    | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |
| DP Eurasia NV                                     | DP EURASIA NV                  | CUSIP: N/A<br>LEI: 213800BHW8PKOQW21X96       | Long             | EC               | CORP              | GB        |   2352397 | NS      | $1614171.19   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Vulcan Energy Resources Ltd                       | VULCAN ENERGY RE               | CUSIP: N/A<br>LEI: 8945006OYFHQ9HE4XE54       | Long             | EC               | CORP              | AU        |    141565 | NS      | $720951.34    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Worldwide Corp Ltd                       | RELIANCE WORLDWIDE CORP        | CUSIP: N/A<br>LEI: 52990084PQSDDJ8F5447       | Long             | EC               | CORP              | AU        |    500240 | NS      | $1252834.83   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinaxis Inc                                       | KINAXIS INC                    | CUSIP: 49448Q109<br>LEI: 5299009VAZ14K7PFUQ15 | Long             | EC               | CORP              | CA        |     84462 | NS      | $9817029.27   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MEG Energy Corp                                   | MEG ENERGY CORP                | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |    163271 | NS      | $2698379.84   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Financial Group Ltd                       | LIBERTY FINANCIA               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    803603 | NS      | $2248193.69   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Bactiguard Holding AB                             | BACTIGUARD HLDG                | CUSIP: N/A<br>LEI: 549300PAEBW7IAMOSO21       | Long             | EC               | CORP              | SE        |     84957 | NS      | $803337.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Warehouses De Pauw CVA                            | WAREHOUSES DE PA               | CUSIP: N/A<br>LEI: 549300HWDYC5JXC85138       | Long             | EC               | CORP              | BE        |    183216 | NS      | $5810127.66   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Global Unichip Corp                               | GLOBAL UNICHIP                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    481000 | NS      | $12695256.65  | 0.78%             |  |  |  | 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        |    115434 | NS      | $11542220.29  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| OVS SpA                                           | OVS SPA                        | CUSIP: N/A<br>LEI: 8156001A772766DCAA71       | Long             | EC               | CORP              | IT        |   1413847 | NS      | $3404020.44   | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ypsomed Holding AG                                | YPSOMED HOLD-REG               | CUSIP: N/A<br>LEI: 391200QLIOTTBNPNSI14       | Long             | EC               | CORP              | CH        |     15294 | NS      | $3138581.93   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Pacifico SAB de CV        | AERO DEL PACIF-B               | CUSIP: N/A<br>LEI: 4469000001BZ368XFI90       | Long             | EC               | CORP              | MX        |    117929 | NS      | $2035927.81   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Oisix ra daichi Inc                               | OISIX RA DAICHI                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    340200 | NS      | $5741100.33   | 0.35%             |  |  |  | No            |                  2 | On Loan: —       |
| Seven Group Holdings Ltd                          | SEVEN GROUP HOLD               | CUSIP: N/A<br>LEI: 254900DME8O9GCK94794       | Long             | EC               | CORP              | AU        |     89966 | NS      | $1447979.17   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Niu Technologies                                  | NIU TECHNOLO-ADR               | CUSIP: N/A<br>LEI: 549300NJKNSC80EVQ065       | Long             | EC               | CORP              | US        |     64247 | NS      | $346291.33    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvei Corp                                        | NUVEI CORP-SUB V               | CUSIP: 67079A102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105736 | NS      | $3735652.88   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group PLC                         | BANK OF IRELAND                | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |   1045306 | NS      | $11167883.72  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Serica Energy PLC                                 | SERICA ENERGY PL               | CUSIP: N/A<br>LEI: 213800EZZOKA815VC426       | Long             | EC               | CORP              | GB        |     53194 | NS      | $166456.77    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Storytel AB                                       | STORYTEL AB                    | CUSIP: N/A<br>LEI: 549300I1FSPPI9HHU419       | Long             | EC               | CORP              | SE        |    125017 | NS      | $628279.60    | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| Buzzi Unicem SpA                                  | BUZZI UNICEM SPA               | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |     58777 | NS      | $1323550.68   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| HelloFresh SE                                     | HELLOFRESH SE                  | CUSIP: N/A<br>LEI: 391200ZAF4V6XD2M9G57       | Long             | EC               | CORP              | DE        |    243599 | NS      | $5922200.60   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Trustpilot Group PLC                              | TRUSTPILOT GROUP               | CUSIP: N/A<br>LEI: 2138002ILUNMGNPSGG46       | Long             | EC               | CORP              | GB        |   1526623 | NS      | $1932430.50   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Mitsubishi Gas Chemical Co Inc                    | MITSUB GAS CHEM                | CUSIP: N/A<br>LEI: 529900G5O4J27ZPLJJ89       | Long             | EC               | CORP              | JP        |     57300 | NS      | $837297.45    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Orora Ltd                                         | ORORA LTD                      | CUSIP: N/A<br>LEI: 549300WFEQJK35VDF789       | Long             | EC               | CORP              | AU        |   1078906 | NS      | $2282891.76   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ComfortDelGro Corp Ltd                            | COMFORTDELGRO CO               | CUSIP: Y1690R106<br>LEI: 2549005O5PVA2JCH6Q33 | Long             | EC               | CORP              | SG        |    866700 | NS      | $794027.95    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Garage Inc                                | DIGITAL GARAGE                 | CUSIP: N/A<br>LEI: 353800XMG9BC18FQ8862       | Long             | EC               | CORP              | JP        |    102600 | NS      | $3667168.54   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Lightspeed Commerce Inc                           | LIGHTSPEED COMME               | CUSIP: 53229C107<br>LEI: 254900T8MDWRTGMFZ257 | Long             | EC               | CORP              | CA        |    108851 | NS      | $1969143.26   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Airtac International Group                        | AIRTAC INTERNATI               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    535593 | NS      | $18316842.31  | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| GMO internet group Inc                            | GMO INTERNET GRO               | CUSIP: N/A<br>LEI: 529900BFZEY3BESHBW90       | Long             | EC               | CORP              | JP        |    384700 | NS      | $7570846.23   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Country Garden Services Holdings Co Ltd           | COUNTRY GARDEN S               | CUSIP: N/A<br>LEI: 549300P2JRKENZSEBB42       | Long             | EC               | CORP              | HK        |    567000 | NS      | $1532863.56   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| JTOWER Inc                                        | JTOWER INC                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     22500 | NS      | $1077692.65   | 0.07%             |  |  |  | No            |                  2 | On Loan: —       |
| Berkeley Group Holdings PLC                       | BERKELEY GROUP                 | CUSIP: N/A<br>LEI: 2138009OQSSLVVHQAL78       | Long             | EC               | CORP              | GB        |     66193 | NS      | $3389590.88   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsugami Corp                                      | TSUGAMI CORP                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    580900 | NS      | $6430765.21   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Water Inc                                     | AIR WATER INC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    101500 | NS      | $1241859.40   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Properties Ltd                              | KERRY PPT                      | CUSIP: N/A<br>LEI: 5299006T5ULIIRZ7LK49       | Long             | EC               | CORP              | HK        |   2631500 | NS      | $6671923.80   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Daicel Corp                                       | DAICEL CORP                    | CUSIP: N/A<br>LEI: 353800ZG4XF6D7NZGS72       | Long             | EC               | CORP              | JP        |     84500 | NS      | $623465.69    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Docebo Inc                                        | DOCEBO INC                     | CUSIP: 25609L105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    100112 | NS      | $3828265.42   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Seino Holdings Co Ltd                             | SEINO HOLDINGS                 | CUSIP: N/A<br>LEI: 3538001D12EPCPYTTF24       | Long             | EC               | CORP              | JP        |    373300 | NS      | $3728141.11   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| JMDC Inc                                          | JMDC INC                       | CUSIP: N/A<br>LEI: 3538002M2SQV6WJ6MQ67       | Long             | EC               | CORP              | JP        |     91600 | NS      | $3027232.26   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Almirall SA                                       | ALMIRALL SA                    | CUSIP: N/A<br>LEI: 95980020140005007996       | Long             | EC               | CORP              | ES        |    289908 | NS      | $2921135.04   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| SRE Holdings Corp                                 | SRE HOLDINGS COR               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    104400 | NS      | $3319326.31   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| PolyPeptide Group AG                              | POLYPEPTIDE GROU               | CUSIP: N/A<br>LEI: 5067007JCKTPOX4G9758       | Long             | EC               | CORP              | CH        |    100033 | NS      | $2906307.84   | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Iriso Electronics Co Ltd                          | IRISO ELECTRONIC               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    124300 | NS      | $4171260.09   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Heiwa Real Estate Co Ltd                          | HEIWA REAL ESTAT               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     52600 | NS      | $1504892.07   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| GrainCorp Ltd                                     | GRAINCORP LTD-A                | CUSIP: N/A<br>LEI: 529900XVBL825SSW9081       | Long             | EC               | CORP              | AU        |     85472 | NS      | $458934.11    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                    | BAWAG GROUP AG                 | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |    112694 | NS      | $6980814.29   | 0.43%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Asahi Intecc Co Ltd                               | ASAHI INTECC CO                | CUSIP: N/A<br>LEI: 353800J3AV2SCNIO8L39       | Long             | EC               | CORP              | JP        |    175006 | NS      | $3070337.21   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Kansai Paint Co Ltd                               | KANSAI PAINT                   | CUSIP: J30255129<br>LEI: 549300ERRV6FTKH9NN70 | Long             | EC               | CORP              | JP        |     73200 | NS      | $1030884.63   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumagai Gumi Co Ltd                               | KUMAGAI GUMI CO                | CUSIP: N/A<br>LEI: 529900M993KYZI2Q1Q47       | Long             | EC               | CORP              | JP        |     32200 | NS      | $661737.39    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Simplex Holdings Inc                              | SIMPLEX HOLDINGS               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     52250 | NS      | $917879.65    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Ebara Corp                                        | EBARA CORP                     | CUSIP: N/A<br>LEI: 353800UV8U3SOMCDTI49       | Long             | EC               | CORP              | JP        |     38400 | NS      | $1630448.36   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Descente Ltd                                      | DESCENTE LTD                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    137400 | NS      | $3806176.24   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Katitas Co Ltd                                    | KATITAS CO LTD                 | CUSIP: J30978100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    275900 | NS      | $6765190.14   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Istyle Inc                                        | ISTYLE INC                     | CUSIP: N/A<br>LEI: 529900SRRLS3Q7T1JY30       | Long             | EC               | CORP              | JP        |    529400 | NS      | $2014827.16   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Dah Sing Financial Holdings Ltd                   | DAH SING                       | CUSIP: N/A<br>LEI: 529900J55QMXMR5KMH32       | Long             | EC               | CORP              | HK        |   1616754 | NS      | $4285172.15   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Intermediate Capital Group PLC                    | INTERMEDIATE CAP               | CUSIP: G4807D192<br>LEI: 549300OGASR5WRKJ8R68 | Long             | EC               | CORP              | GB        |     91147 | NS      | $1568405.37   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CSR Ltd                                           | CSR LTD                        | CUSIP: N/A<br>LEI: 549300TOGR54OMW2T093       | Long             | EC               | CORP              | AU        |    150127 | NS      | $561850.11    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Koh Young Technology Inc                          | KOH YOUNG TECHNO               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    513940 | NS      | $7212228.72   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Charter Hall Group                                | CHARTER HALL GRO               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    505354 | NS      | $4976011.70   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Avanza Bank Holding AB                            | AVANZA BANK HOLD               | CUSIP: N/A<br>LEI: 549300MBWR5H8SIJLE03       | Long             | EC               | CORP              | SE        |    627743 | NS      | $14484297.17  | 0.89%             |  |  |  | No            |                  2 | On Loan: —       |
| Wise PLC                                          | WISE PLC - A                   | CUSIP: N/A<br>LEI: 213800LD9XCHIC1C4V71       | Long             | EC               | CORP              | GB        |    300000 | NS      | $2011085.00   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HMS Networks AB                                   | HMS NETWORKS AB                | CUSIP: N/A<br>LEI: 549300MOY2FDUUDIQ179       | Long             | EC               | CORP              | SE        |    144704 | NS      | $5394617.58   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| dip Corp                                          | DIP CORP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     67600 | NS      | $2006398.93   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Wartsila OYJ Abp                                  | WARTSILA OYJ ABP               | CUSIP: X98155116<br>LEI: 743700G7A9J1PHM3X223 | Long             | EC               | CORP              | FI        |    123428 | NS      | $1173924.70   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Dufry AG                                          | DUFRY AG-REG                   | CUSIP: N/A<br>LEI: 549300X53WDBVW7TIF57       | Long             | EC               | CORP              | CH        |     69103 | NS      | $3172351.47   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| JCDecaux SE                                       | JCDECAUX SE                    | CUSIP: N/A<br>LEI: 9695009KV7AFPDEI5S30       | Long             | EC               | CORP              | FR        |    344811 | NS      | $7802675.88   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| LondonMetric Property PLC                         | LONDONMETRIC PRO               | CUSIP: N/A<br>LEI: 213800OCERWWPQDURL87       | Long             | EC               | CORP              | GB        |   1200000 | NS      | $2796079.92   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortnox AB                                        | FORTNOX AB                     | CUSIP: N/A<br>LEI: 549300MSNMHPC3O60W78       | Long             | EC               | CORP              | SE        |    212441 | NS      | $1072008.20   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Resonac Holdings Corp                             | RESONAC HOLDINGS               | CUSIP: N/A<br>LEI: 5493006AIPA1V92YPP18       | Long             | EC               | CORP              | JP        |     63200 | NS      | $1080125.43   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Moncler SpA                                       | MONCLER SPA                    | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |     90111 | NS      | $5639833.72   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyudenko Corp                                     | KYUDENKO CORP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     33400 | NS      | $865714.55    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Biocartis Group NV                                | BIOCARTIS GROUP                | CUSIP: N/A<br>LEI: 549300J4HOJL5KG8HY54       | Long             | EC               | CORP              | BE        |    308017 | NS      | $237335.23    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: —       |
| SIG Group AG                                      | SIG GROUP AG                   | CUSIP: N/A<br>LEI: 5493004Z6P7TSVB1L042       | Long             | EC               | CORP              | CH        |    224310 | NS      | $5559743.84   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTVS SA                                          | TOTVS SA                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1001300 | NS      | $5931306.46   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Megachips Corp                                    | MEGACHIPS CORP                 | CUSIP: N/A<br>LEI: 529900CHDZ5G02UMD829       | Long             | EC               | CORP              | JP        |    296000 | NS      | $6180459.02   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| National Express Group PLC                        | NATL EXPRESS GRP               | CUSIP: G6374M109<br>LEI: 213800A8IQEMY8PA5X34 | Long             | EC               | CORP              | GB        |   1479829 | NS      | $2437667.28   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Metcash Ltd                                       | METCASH LTD                    | CUSIP: N/A<br>LEI: 25490065W4SN3LZMX216       | Long             | EC               | CORP              | AU        |    518840 | NS      | $1537541.73   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| JINS Holdings Inc                                 | JINS HOLDINGS IN               | CUSIP: N/A<br>LEI: 353800IG2NOMKC105309       | Long             | EC               | CORP              | JP        |    120300 | NS      | $3622869.72   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokogawa Bridge Holdings Corp                     | YOKOGAWA BRIDGE                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     36000 | NS      | $555655.43    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Vicat SA                                          | VICAT                          | CUSIP: N/A<br>LEI: 9695009YI1863TOVDP79       | Long             | EC               | CORP              | FR        |     30869 | NS      | $861973.20    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Reply SpA                                         | REPLY SPA                      | CUSIP: T60326112<br>LEI: 815600DAEFB0388F3521 | Long             | EC               | CORP              | IT        |    103947 | NS      | $13493069.80  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Outsourcing Inc                                   | OUTSOURCING                    | CUSIP: N/A<br>LEI: 353800Y1XELZ246TNZ48       | Long             | EC               | CORP              | JP        |    363800 | NS      | $2827163.62   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Stevanato Group SpA                               | STEVANATO GROUP                | CUSIP: N/A<br>LEI: 81560033F7E1CD477507       | Long             | EC               | CORP              | US        |    203859 | NS      | $4011945.12   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hufvudstaden AB                                   | HUFVUDSTADEN -A                | CUSIP: W30061126<br>LEI: 213800UEV5ZAFFVQ4J85 | Long             | EC               | CORP              | SE        |    216397 | NS      | $3258973.19   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd                             | MINERAL RESOURCE               | CUSIP: N/A<br>LEI: 5299007V1ACKFFX2P066       | Long             | EC               | CORP              | AU        |     45342 | NS      | $2870607.71   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Comture Corp                                      | COMTURE CORP                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     32339 | NS      | $621798.64    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Denka Co Ltd                                      | DENKA CO LTD                   | CUSIP: N/A<br>LEI: 353800Y94EKQEH8MVD43       | Long             | EC               | CORP              | JP        |     23400 | NS      | $485424.45    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Energean PLC                                      | ENERGEAN PLC                   | CUSIP: G303AF106<br>LEI: 549300RVMKU0CYUZBB05 | Long             | EC               | CORP              | GB        |    130110 | NS      | $1868086.13   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Lovisa Holdings Ltd                               | LOVISA HOLDINGS                | CUSIP: N/A<br>LEI: 549300R4Y8GURIO5MN11       | Long             | EC               | CORP              | AU        |     45376 | NS      | $852327.05    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| RS GROUP PLC                                      | RS GROUP PLC                   | CUSIP: N/A<br>LEI: 549300KVXDURRKVW7R37       | Long             | EC               | CORP              | GB        |    613039 | NS      | $7127105.71   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Arima Real Estate SOCIMI SA                       | ARIMA REAL ESTAT               | CUSIP: N/A<br>LEI: 959800K5R280DP2B5694       | Long             | EC               | CORP              | ES        |     74003 | NS      | $585042.05    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Trigano SA                                        | TRIGANO SA                     | CUSIP: N/A<br>LEI: 969500KLZPNMO8TUM811       | Long             | EC               | CORP              | FR        |     62881 | NS      | $8765265.56   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| u-blox Holding AG                                 | U-BLOX HOLD AG                 | CUSIP: N/A<br>LEI: 506700B2W2NUXS9X8479       | Long             | EC               | CORP              | CH        |     23232 | NS      | $2778803.68   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Segro PLC                                         | SEGRO PLC                      | CUSIP: N/A<br>LEI: 213800XC35KGM9NFC641       | Long             | EC               | CORP              | GB        |    230000 | NS      | $2367528.72   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| VNV Global AB                                     | VNV GLOBAL AB                  | CUSIP: N/A<br>LEI: 549300ONMNSTOBAU0S14       | Long             | EC               | CORP              | SE        |    512570 | NS      | $1408240.46   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexans SA                                         | NEXANS SA                      | CUSIP: N/A<br>LEI: 96950015FU78G84UIV14       | Long             | EC               | CORP              | FR        |     66987 | NS      | $7103543.87   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuji Corp/Aichi                                   | FUJI CORP                      | CUSIP: N/A<br>LEI: 353800G4VS3QLM6BSX66       | Long             | EC               | CORP              | JP        |     75900 | NS      | $1263742.34   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Corbion NV                                        | CORBION NV                     | CUSIP: N/A<br>LEI: 724500BKS1TSAVLTWG46       | Long             | EC               | CORP              | NL        |     32556 | NS      | $1252789.45   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokian Renkaat Oyj                                | NOKIAN RENKAAT                 | CUSIP: N/A<br>LEI: 743700YQIO8Y4L4WKR40       | Long             | EC               | CORP              | FI        |     62136 | NS      | $744299.11    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Ibiden Co Ltd                                     | IBIDEN CO LTD                  | CUSIP: N/A<br>LEI: 52990051DBFIQEY37C91       | Long             | EC               | CORP              | JP        |     60600 | NS      | $2365151.73   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Tecan Group AG                                    | TECAN GROUP AG-R               | CUSIP: N/A<br>LEI: 529900CSN9R3BLETSL26       | Long             | EC               | CORP              | CH        |     15682 | NS      | $6581330.35   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| NEC Networks & System Integration Corp            | NEC NETWORKS & S               | CUSIP: J4884R103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    491500 | NS      | $6563701.59   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Bapcor Ltd                                        | BAPCOR LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    222277 | NS      | $1005229.71   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ICADE                                             | ICADE                          | CUSIP: N/A<br>LEI: 969500UDH342QLTE1M42       | Long             | EC               | CORP              | FR        |     65891 | NS      | $3129836.18   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Befesa SA                                         | BEFESA SA                      | CUSIP: L0R30V103<br>LEI: 222100VXGA8L6J4ZWG61 | Long             | EC               | CORP              | DE        |    111926 | NS      | $6420203.33   | 0.39%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NSK Ltd                                           | NSK LTD                        | CUSIP: N/A<br>LEI: 353800FVQK6SULSPBC69       | Long             | EC               | CORP              | JP        |    113600 | NS      | $638928.02    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Beazley PLC                                       | BEAZLEY PLC                    | CUSIP: G0936K107<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |   1308017 | NS      | $10764200.49  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| PI Advanced Materials Co Ltd                      | PI ADVANCED MATE               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    105543 | NS      | $2938120.11   | 0.18%             |  |  |  | No            |                  2 | On Loan: —       |
| Auto1 Group SE                                    | AUTO1 GROUP SE                 | CUSIP: N/A<br>LEI: 391200S2LPXG5ZD5G304       | Long             | EC               | CORP              | DE        |    223396 | NS      | $1809833.42   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Discovery Ltd                                     | DISCOVERY LTD                  | CUSIP: S2192Y109<br>LEI: 378900245A26169C8132 | Long             | EC               | CORP              | ZA        |    266521 | NS      | $2119945.97   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Bodycote PLC                                      | BODYCOTE PLC                   | CUSIP: G1214R111<br>LEI: 213800V93QFW53NB7Y29 | Long             | EC               | CORP              | GB        |    490000 | NS      | $3934978.27   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Shima Seiki Manufacturing Ltd                     | SHIMA SEIKI MFG                | CUSIP: N/A<br>LEI: 3538003VF74W7607DA80       | Long             | EC               | CORP              | JP        |    154800 | NS      | $2345049.71   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsuruha Holdings Inc                              | TSURUHA HOLDINGS               | CUSIP: J9348C105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3700 | NS      | $272422.06    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NCSoft Corp                                       | NCSOFT CORP                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       785 | NS      | $290553.12    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Corp Group Ltd                             | CREDIT CORP GRP                | CUSIP: Q2980K107<br>LEI: 549300JCSY6XG1L4WB90 | Long             | EC               | CORP              | AU        |    158569 | NS      | $2448664.96   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Burford Capital Ltd                               | BURFORD CAPITAL                | CUSIP: N/A<br>LEI: 549300FUKUWFYJMT2277       | Long             | EC               | CORP              | GB        |    347913 | NS      | $3131333.82   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Alfen N.V.                                        | ALFEN N.V.                     | CUSIP: N/A<br>LEI: 724500HDW6IWR9J5YT90       | Long             | EC               | CORP              | NL        |     31439 | NS      | $2916857.45   | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Telecom Plus PLC                                  | TELECOM PLUS PLC               | CUSIP: G8729H108<br>LEI: 549300QGHDX5UKE58G86 | Long             | EC               | CORP              | GB        |    160000 | NS      | $3940710.22   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Pola Orbis Holdings Inc                           | POLA ORBIS HD                  | CUSIP: J6388P103<br>LEI: 353800E8OIV0XYBABS79 | Long             | EC               | CORP              | JP        |    220900 | NS      | $3187082.94   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | MSCI EAFE         Mar23        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       214 | NC      | $1037413.49   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Paradox Interactive AB                            | PARADOX INTERACT               | CUSIP: N/A<br>LEI: 529900QNSZUY53R5WW95       | Long             | EC               | CORP              | SE        |    173418 | NS      | $3082220.46   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Julius Baer Group Ltd                             | JULIUS BAER GROU               | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               | CORP              | CH        |    146932 | NS      | $9424859.92   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Aica Kogyo Co Ltd                                 | AICA KOGYO CO                  | CUSIP: J00252106<br>LEI: 353800I589BKZAOJD116 | Long             | EC               | CORP              | JP        |    368000 | NS      | $8899364.59   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International NV                              | ASM INTL NV                    | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |     23394 | NS      | $7911987.42   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| NET One Systems Co Ltd                            | NET ONE SYSTEMS                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     55130 | NS      | $1494021.52   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| China Datang Corp Renewable Power Co Ltd          | CHINA DATANG C-H               | CUSIP: N/A<br>LEI: 52990099S0ALQQ25XM62       | Long             | EC               | CORP              | HK        |   5446000 | NS      | $1796987.21   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Obara Group Inc                                   | OBARA GROUP INC                | CUSIP: N/A<br>LEI: 3538003M0UGWDBTV2318       | Long             | EC               | CORP              | JP        |    171900 | NS      | $4973849.54   | 0.30%             |  |  |  | No            |                  2 | On Loan: —       |
| Iluka Resources Ltd                               | ILUKA RESOURCES                | CUSIP: N/A<br>LEI: 2549009N2Y1F4YNB0955       | Long             | EC               | CORP              | AU        |    710197 | NS      | $5464737.63   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Advantech Co Ltd                                  | ADVANTECH                      | CUSIP: N/A<br>LEI: 2549002OSTKE9HB9IY03       | Long             | EC               | CORP              | TW        |    331000 | NS      | $3784895.63   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Watches of Switzerland Group PLC                  | WATCHES OF SWITZ               | CUSIP: N/A<br>LEI: 2138008ZOT5K9PJW7168       | Long             | EC               | CORP              | GB        |    129280 | NS      | $1517639.27   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Cherry SE                                         | CHERRY SE                      | CUSIP: N/A<br>LEI: 984500DF98AA2E011444       | Long             | EC               | CORP              | DE        |    149681 | NS      | $1120262.93   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| OBIC Business Consultants Co Ltd                  | OBIC BUSINESS                  | CUSIP: J59469106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    132800 | NS      | $5215365.35   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Crystal International Group Ltd                   | CRYSTAL INTERNAT               | CUSIP: G2701R101<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |   6289500 | NS      | $2002064.50   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Immatics NV                                       | IMMATICS NV                    | CUSIP: N44445109<br>LEI: 984500DC691EZ96AF394 | Long             | EC               | CORP              | US        |    112788 | NS      | $914710.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| ESI Group                                         | ESI GROUP                      | CUSIP: N/A<br>LEI: 969500SJCEYK6O6RXV95       | Long             | EC               | CORP              | FR        |     31012 | NS      | $2496155.14   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Giken Ltd                                         | GIKEN LTD                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     19700 | NS      | $448517.27    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Pets at Home Group Plc                            | PETS AT HOME                   | CUSIP: N/A<br>LEI: 2138003Y9ULD24PD3J93       | Long             | EC               | CORP              | GB        |   1290000 | NS      | $5611790.56   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| EXEO Group Inc                                    | EXEO GROUP INC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     65500 | NS      | $1191024.33   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Forestry Co Ltd                          | SUMITOMO FOREST                | CUSIP: N/A<br>LEI: 549300FIIRGO6D5FWR19       | Long             | EC               | CORP              | JP        |    415000 | NS      | $7759463.04   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamaha Motor Co Ltd                               | YAMAHA MOTOR CO                | CUSIP: N/A<br>LEI: 3538004LR5NXILJDHY88       | Long             | EC               | CORP              | JP        |     76960 | NS      | $1895577.74   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Smith PLC                                      | WH SMITH PLC                   | CUSIP: G8927V149<br>LEI: 2138001KJNGUJ34G7X91 | Long             | EC               | CORP              | GB        |    139221 | NS      | $2749276.01   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Abcam PLC                                         | ABCAM PLC-ADR                  | CUSIP: N/A<br>LEI: 213800B9N83DSNT33F79       | Long             | EC               | CORP              | US        |    302330 | NS      | $4193317.10   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilcon Depot Inc                                  | WILCON DEPOT INC               | CUSIP: Y9584X105<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   6930400 | NS      | $4059628.26   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Swiss Property AG                             | PSP SWISS PR-REG               | CUSIP: N/A<br>LEI: 50670042Y437P8X44F56       | Long             | EC               | CORP              | CH        |     33127 | NS      | $4129737.05   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Material Co Ltd                             | JAPAN MATERIAL                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    463600 | NS      | $8695062.69   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Imerys SA                                         | IMERYS SA                      | CUSIP: F49644101<br>LEI: 54930075MZSSIB2TGC64 | Long             | EC               | CORP              | FR        |     16276 | NS      | $675042.89    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Koito Manufacturing Co Ltd                        | KOITO MFG CO                   | CUSIP: J34899104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    234600 | NS      | $3957275.97   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Jenoptik AG                                       | JENOPTIK AG                    | CUSIP: N/A<br>LEI: 529900P34GDHGXK6VB37       | Long             | EC               | CORP              | DE        |    136127 | NS      | $4230571.20   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Parex Resources Inc                               | PAREX RESOURCES                | CUSIP: 69946Q104<br>LEI: 549300U7LWRGTY6XWK67 | Long             | EC               | CORP              | CA        |    162345 | NS      | $2763604.71   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Evotec SE                                         | EVOTEC SE                      | CUSIP: N/A<br>LEI: 529900F9KI6OYITO9B12       | Long             | EC               | CORP              | DE        |     72302 | NS      | $1421680.08   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Elders Ltd                                        | ELDERS LTD                     | CUSIP: N/A<br>LEI: 254900Y0SQG962QL6549       | Long             | EC               | CORP              | AU        |    164079 | NS      | $1129629.41   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| DMG Mori Co Ltd                                   | DMG MORI CO LTD                | CUSIP: N/A<br>LEI: 353800P4I3FIXTQV2E13       | Long             | EC               | CORP              | JP        |    292800 | NS      | $4472295.32   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Gujarat Pipavav Port Ltd                          | GUJARAT PIPAVAV                | CUSIP: N/A<br>LEI: 335800Y6JBMRA4Y8TA95       | Long             | EC               | CORP              | IN        |   3484656 | NS      | $4013199.89   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| SATS Ltd                                          | SATS LTD                       | CUSIP: N/A<br>LEI: 529900SEP1R0K8049D51       | Long             | EC               | CORP              | SG        |   1447200 | NS      | $3339710.38   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Hypebeast Ltd                                     | HYPEBEAST                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |  12315700 | NS      | $574247.69    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC                              | ENDEAVOUR MINING               | CUSIP: G3040R158<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | CA        |    121932 | NS      | $2872923.38   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Ulvac Inc                                         | ULVAC INC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     66600 | NS      | $3115681.03   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| KH Neochem Co Ltd                                 | KH NEOCHEM CO LT               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    124300 | NS      | $2649367.28   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| IG Group Holdings PLC                             | IG GROUP HOLDING               | CUSIP: N/A<br>LEI: 2138003A5Q1M7ANOUD76       | Long             | EC               | CORP              | GB        |    324000 | NS      | $3185659.61   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Fluidra SA                                        | FLUIDRA SA                     | CUSIP: N/A<br>LEI: 95980020140005026620       | Long             | EC               | CORP              | ES        |    313710 | NS      | $5538249.63   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Mani Inc                                          | MANI INC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    150900 | NS      | $2207220.42   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Hensoldt AG                                       | HENSOLDT AG                    | CUSIP: N/A<br>LEI: 894500686FYLLZD3M624       | Long             | EC               | CORP              | DE        |    221491 | NS      | $6421733.06   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| AddTech AB                                        | ADDTECH AB-B SH                | CUSIP: N/A<br>LEI: 549300QZ5U2IDRHPWL60       | Long             | EC               | CORP              | SE        |    568220 | NS      | $9074092.96   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Inaba Denki Sangyo Co Ltd                         | INABA DENKI SANG               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     53200 | NS      | $1155815.02   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Greggs PLC                                        | GREGGS PLC                     | CUSIP: N/A<br>LEI: 213800I71QMUFJ64IW20       | Long             | EC               | CORP              | GB        |     76153 | NS      | $2542900.24   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Freee KK                                          | FREEE KK                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     64000 | NS      | $1690017.31   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Bengo4.com Inc                                    | BENGO4.COM INC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    165900 | NS      | $3452767.79   | 0.21%             |  |  |  | No            |                  2 | On Loan: —       |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |    417527 | NS      | $41748537.42  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Recticel SA                                       | RECTICEL                       | CUSIP: N/A<br>LEI: 549300R8K43AXHYP5M15       | Long             | EC               | CORP              | BE        |    274689 | NS      | $5151459.43   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Thungela Resources Ltd                            | THUNGELA RESOURC               | CUSIP: N/A<br>LEI: 213800EGYK3BN3SRIF27       | Long             | EC               | CORP              | GB        |    230197 | NS      | $2989447.27   | 0.18%             |  |  |  | No            |                  2 | On Loan: —       |
| Hypoport SE                                       | HYPOPORT SE                    | CUSIP: N/A<br>LEI: 391200GNIFXXP6KRYQ46       | Long             | EC               | CORP              | DE        |     56850 | NS      | $7745034.75   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| PRADA SpA                                         | PRADA                          | CUSIP: N/A<br>LEI: 8156000FE0A2DC5B7852       | Long             | EC               | CORP              | HK        |    968200 | NS      | $6191206.38   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Kemira Oyj                                        | KEMIRA OYJ                     | CUSIP: N/A<br>LEI: 74370031Y7RK5H88CQ48       | Long             | EC               | CORP              | FI        |    146292 | NS      | $2373494.83   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Cleanspace Holdings Ltd                           | CLEANSPACE HOLDI               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1717529 | NS      | $486155.80    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tonies SE                                         | TONIES SE - A                  | CUSIP: N/A<br>LEI: 222100DAYRVSS1X9EB98       | Long             | EC               | CORP              | DE        |    497287 | NS      | $3055413.65   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Fukuyama Transporting Co Ltd                      | FUKUYAMA TRANSPO               | CUSIP: N/A<br>LEI: 529900Z7D20PNX4HSO85       | Long             | EC               | CORP              | JP        |    130300 | NS      | $3371644.34   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Vnet Group Inc                                    | VNET GROUP-ADR                 | CUSIP: N/A<br>LEI: 529900672GYJQ3T38I58       | Long             | EC               | CORP              | US        |    272480 | NS      | $1602182.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fukuoka Financial Group Inc                       | FUKUOKA FINANCIA               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    207900 | NS      | $4796588.08   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Frontier Real Estate Investment Corp              | FRONTIER REIT                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       906 | NS      | $3493704.70   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Keller Group PLC                                  | KELLER GROUP PLC               | CUSIP: N/A<br>LEI: 549300QO4MBL43UHSN10       | Long             | EC               | CORP              | GB        |    235000 | NS      | $2341986.53   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Network International Holdings PLC                | NETWORK INTERNAT               | CUSIP: N/A<br>LEI: 213800XVRNKWENNLKK60       | Long             | EC               | CORP              | GB        |   1755558 | NS      | $5700207.28   | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Auto Trader Group PLC                             | AUTO TRADER                    | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |    500000 | NS      | $3879242.68   | 0.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Magazine Luiza SA                                 | MAGAZINE LUIZA S               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |       256 | NS      | $223.41       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Douzone Bizon Co Ltd                              | DOUZONE BIZON CO               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    141083 | NS      | $4032436.81   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Tatemono Co Ltd                             | TOKYO TATEMONO                 | CUSIP: N/A<br>LEI: 529900RQA4JTW1869J86       | Long             | EC               | CORP              | JP        |    257500 | NS      | $3192358.98   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Ithaca Energy PLC                                 | ITHACA ENERGY PL               | CUSIP: N/A<br>LEI: 21380057TNFLXPXBIP34       | Long             | EC               | CORP              | GB        |    777304 | NS      | $1801602.56   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Salvatore Ferragamo SpA                           | FERRAGAMO SPA                  | CUSIP: N/A<br>LEI: 5493005GRP0FEE3NRI35       | Long             | EC               | CORP              | IT        |     99689 | NS      | $1978370.58   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Cranswick PLC                                     | CRANSWICK PLC                  | CUSIP: G2504J108<br>LEI: 549300LDZLPU51XOSK43 | Long             | EC               | CORP              | GB        |    181785 | NS      | $7151381.93   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Borregaard ASA                                    | BORREGAARD ASA                 | CUSIP: N/A<br>LEI: 5967007LIEEXZXGYXC05       | Long             | EC               | CORP              | NO        |    207788 | NS      | $3203512.01   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| New Work SE                                       | NEW WORK SE                    | CUSIP: N/A<br>LEI: 5299002VHN50DM9T9H37       | Long             | EC               | CORP              | DE        |     51576 | NS      | $9458866.07   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyushu Electric Power Co Inc                      | KYUSHU ELEC PWR                | CUSIP: N/A<br>LEI: 549300BYNZPLKQVQH430       | Long             | EC               | CORP              | JP        |    704900 | NS      | $4057856.97   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Impax Asset Management Group PLC                  | IMPAX ASSET MANA               | CUSIP: N/A<br>LEI: 213800AJDNW4S2B7E680       | Long             | EC               | CORP              | GB        |    138736 | NS      | $1333891.33   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Taylor Wimpey PLC                                 | TAYLOR WIMPEY PL               | CUSIP: N/A<br>LEI: 21380089BTRXTD8S3R66       | Long             | EC               | CORP              | GB        |   2318634 | NS      | $3364160.69   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Rothschild & Co                                   | ROTHSCHILD & CO                | CUSIP: N/A<br>LEI: 549300ILF3L0BBIDPZ11       | Long             | EC               | CORP              | FR        |     51941 | NS      | $2193885.82   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Nien Made Enterprise Co Ltd                       | NIEN MADE                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    336000 | NS      | $3502068.25   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                                       | WIX.COM LTD                    | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | US        |     24697 | NS      | $2148145.06   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Volpara Health Technologies Ltd                   | VOLPARA HEALTH T               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   3340667 | NS      | $1905029.70   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Jumia Technologies AG                             | JUMIA TECHNO-ADR               | CUSIP: N/A<br>LEI: 391200JWCL5VCOSXNT56       | Long             | EC               | CORP              | US        |     63864 | NS      | $268228.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadokawa Corp                                     | KADOKAWA CORP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1635 | NS      | $30593.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KION Group AG                                     | KION GROUP AG                  | CUSIP: N/A<br>LEI: 5299005KY91C4C6U9H17       | Long             | EC               | CORP              | DE        |     32360 | NS      | $1303022.55   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Melexis NV                                        | MELEXIS NV                     | CUSIP: B59283109<br>LEI: 549300QRPSGOJRPUFO80 | Long             | EC               | CORP              | BE        |     35866 | NS      | $3820602.88   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Steel Works Ltd/The                         | JAPAN STEEL WORK               | CUSIP: N/A<br>LEI: 529900AWFTILIHHO0936       | Long             | EC               | CORP              | JP        |     24800 | NS      | $528335.46    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Nayax Ltd                                         | NAYAX LTD                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |    105443 | NS      | $2158026.45   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Gerresheimer AG                                   | GERRESHEIMER AG                | CUSIP: D2852S109<br>LEI: 5299006GD4UWSYZOKC28 | Long             | EC               | CORP              | DE        |    116262 | NS      | $8598050.80   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airport Terminal Co Ltd                     | JAPAN AIR TERMIN               | CUSIP: N/A<br>LEI: 353800W9WEQSGUY2EO26       | Long             | EC               | CORP              | JP        |     58500 | NS      | $3049279.87   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| eGuarantee Inc                                    | EGUARANTEE INC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    256400 | NS      | $4783222.66   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Dechra Pharmaceuticals PLC                        | DECHRA PHARMA                  | CUSIP: G2769C145<br>LEI: 213800J4UVB5OWG8VX82 | Long             | EC               | CORP              | GB        |    105000 | NS      | $3723948.09   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Teijin Ltd                                        | TEIJIN LTD                     | CUSIP: N/A<br>LEI: 3538000RF6UCIMPKCO54       | Long             | EC               | CORP              | JP        |     59100 | NS      | $606858.36    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hemnet Group AB                                   | HEMNET GROUP AB                | CUSIP: N/A<br>LEI: 5493008VIU67J3HUAR07       | Long             | EC               | CORP              | SE        |    522368 | NS      | $7283387.33   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Venture Corp Ltd                                  | VENTURE CORP LTD               | CUSIP: N/A<br>LEI: 254900B1NLZC3J1MAE72       | Long             | EC               | CORP              | SG        |    499300 | NS      | $7050795.97   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Addiko Bank AG                                    | ADDIKO BANK AG                 | CUSIP: N/A<br>LEI: 529900UKZBMDBDZIXD62       | Long             | EC               | CORP              | AT        |    183652 | NS      | $2397922.33   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Inter Action Corp                                 | INTER ACTION                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    101000 | NS      | $1140222.09   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Veganz Group AG                                   | VEGANZ GROUP AG                | CUSIP: N/A<br>LEI: 391200WJ0J8QYRQNC671       | Long             | EC               | CORP              | DE        |     15898 | NS      | $224915.65    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Xero Ltd                                          | XERO LTD                       | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               | CORP              | AU        |     85096 | NS      | $4690192.71   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Renishaw PLC                                      | RENISHAW PLC                   | CUSIP: G75006117<br>LEI: 21380048ADXM6Z67CT18 | Long             | EC               | CORP              | GB        |     50000 | NS      | $2440413.09   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Chow Sang Sang Holdings International Ltd         | CHOW SANG SANG                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    367000 | NS      | $559282.96    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Unibrew A/S                                 | ROYAL UNIBREW                  | CUSIP: N/A<br>LEI: 529900D69KFL8IAP8Q63       | Long             | EC               | CORP              | DK        |     91823 | NS      | $6447999.45   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Zomato Ltd                                        | ZOMATO LTD                     | CUSIP: N/A<br>LEI: 335800T4VOF9ETHF8W59       | Long             | EC               | CORP              | IN        |    916724 | NS      | $561739.92    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Seria Co Ltd                                      | SERIA CO LTD                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     99900 | NS      | $2195317.32   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| WealthNavi Inc                                    | WEALTHNAVI INC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    267100 | NS      | $2928085.97   | 0.18%             |  |  |  | No            |                  2 | On Loan: —       |
| Giant Manufacturing Co Ltd                        | GIANT MANUFACTUR               | CUSIP: N/A<br>LEI: 549300M7TYVF50B2GY12       | Long             | EC               | CORP              | TW        |         4 | NS      | $27.46        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamazen Corp                                      | YAMAZEN CORP                   | CUSIP: N/A<br>LEI: 353800VADDW91MPELT42       | Long             | EC               | CORP              | JP        |     78500 | NS      | $643000.78    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd                   | APOLLO HOSPITALS               | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |    167690 | NS      | $8750884.79   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Omni Bridgeway Ltd                                | OMNI BRIDGEWAY L               | CUSIP: N/A<br>LEI: 529900T4EL2A89FPP865       | Long             | EC               | CORP              | AU        |    810177 | NS      | $2325922.07   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Locaweb Servicos de Internet SA                   | LOCAWEB                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1990500 | NS      | $2513465.52   | 0.15%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Trelleborg AB                                     | TRELLEBORG-B                   | CUSIP: W96297101<br>LEI: 213800XY16PAWG2PAD14 | Long             | EC               | CORP              | SE        |    334985 | NS      | $8376124.83   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Xvivo Perfusion AB                                | XVIVO PERFUSION                | CUSIP: N/A<br>LEI: 549300G2464FYLS14B41       | Long             | EC               | CORP              | SE        |     76804 | NS      | $1576369.77   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Generali SpA                                | BANCA GENERALI S               | CUSIP: N/A<br>LEI: 815600903231FA2E7698       | Long             | EC               | CORP              | IT        |     45219 | NS      | $1668196.69   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Polymer Co Ltd                          | SHIN-ETSU POLYME               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     84600 | NS      | $842423.60    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Harbour Energy PLC                                | HARBOUR ENERGY P               | CUSIP: N/A<br>LEI: 213800YPC42DYBKVPF97       | Long             | EC               | CORP              | GB        |    470242 | NS      | $1818806.71   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                                       | ITALGAS SPA                    | CUSIP: N/A<br>LEI: 815600F25FF44EF1FA76       | Long             | EC               | CORP              | IT        |    596245 | NS      | $3490241.36   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Holdings Inc                                  | SBI HOLDINGS INC               | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |    439000 | NS      | $9306496.72   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Electric Holdings Ltd                     | JOHNSON ELEC H                 | CUSIP: G5150J157<br>LEI: 529900EDYRQ6K25JEC80 | Long             | EC               | CORP              | HK        |   2083125 | NS      | $2861264.94   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Rumo SA                                           | RUMO SA                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    769600 | NS      | $2786527.20   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Kyoto Ltd/The                             | BANK OF KYOTO                  | CUSIP: N/A<br>LEI: 549300LRPVT8N6FNFC04       | Long             | EC               | CORP              | JP        |     98800 | NS      | $4596984.47   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Colliers International Group Inc                  | COLLIERS-SUBORD                | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |     26398 | NS      | $2831751.19   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Park24 Co Ltd                                     | PARK24 CO LTD                  | CUSIP: N/A<br>LEI: 549300LFG2WZWCWM4M68       | Long             | EC               | CORP              | JP        |    178300 | NS      | $3024098.91   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| QinetiQ Group PLC                                 | QINETIQ GROUP PL               | CUSIP: G7303P106<br>LEI: 213800S8OBDOZMCMUW34 | Long             | EC               | CORP              | GB        |   1080000 | NS      | $4844440.89   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Technogym SpA                                     | TECHNOGYM SPA                  | CUSIP: N/A<br>LEI: 815600B9149F66E77F76       | Long             | EC               | CORP              | IT        |    524233 | NS      | $4649909.22   | 0.28%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BE Semiconductor Industries NV                    | BE SEMICONDUCTOR               | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |    153107 | NS      | $10951183.02  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Softcat PLC                                       | SOFTCAT PLC                    | CUSIP: N/A<br>LEI: 213800N42YZLR9GLVC42       | Long             | EC               | CORP              | GB        |    304598 | NS      | $4557977.55   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Immunocore Holdings PLC                           | IMMUNOCORE HOLDI               | CUSIP: N/A<br>LEI: 213800IUE3DFS84BVN18       | Long             | EC               | CORP              | US        |     39671 | NS      | $2430642.17   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Wienerberger AG                                   | WIENERBERGER AG                | CUSIP: N/A<br>LEI: 529900VXIFBHO0SW2I31       | Long             | EC               | CORP              | AT        |     39430 | NS      | $1185699.42   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| INVISIO AB                                        | INVISIO AB                     | CUSIP: N/A<br>LEI: 54930054EB7KX3MY2Q11       | Long             | EC               | CORP              | SE        |    209009 | NS      | $3660041.26   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingdee International Software Group Co Ltd       | KINGDEE INTL SFT               | CUSIP: N/A<br>LEI: 529900SWRZN94C5SZO63       | Long             | EC               | CORP              | HK        |    262300 | NS      | $572472.71    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC/The                                | WEIR GROUP PLC                 | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               | CORP              | GB        |    230000 | NS      | $5070127.95   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Enterprises Holdings Ltd                  | BJ ENT HLDGS                   | CUSIP: N/A<br>LEI: 529900896ODARUEY2V26       | Long             | EC               | CORP              | HK        |    831500 | NS      | $2823617.63   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| GA Technologies Co Ltd/Japan                      | GATECHNOLOGIES C               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    270100 | NS      | $2452885.98   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Safestore Holdings PLC                            | SAFESTORE HOLDIN               | CUSIP: N/A<br>LEI: 213800WGA3YSJC1YOH73       | Long             | EC               | CORP              | GB        |    479218 | NS      | $5967081.21   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Nufarm Ltd                                        | NUFARM LTD                     | CUSIP: N/A<br>LEI: 529900QVU58IVMPRWJ98       | Long             | EC               | CORP              | AU        |    412805 | NS      | $1737010.93   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| UOL Group Ltd                                     | UOL GROUP LTD                  | CUSIP: N/A<br>LEI: 254900O9PRCWTMR86R25       | Long             | EC               | CORP              | SG        |    588600 | NS      | $3140516.39   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | MSCI EmgMkt       Mar23        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       153 | NC      | $226010.83    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Stabilus SE                                       | STABILUS SE                    | CUSIP: N/A<br>LEI: 529900JOSL94HJN4VZ28       | Long             | EC               | CORP              | DE        |     80643 | NS      | $5562375.50   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Victoria PLC                                      | VICTORIA PLC                   | CUSIP: N/A<br>LEI: 2138002K6ECECHVCQN25       | Long             | EC               | CORP              | GB        |    773966 | NS      | $4338806.05   | 0.27%             |  |  |  | No            |                  2 | On Loan: —       |
| Verona Pharma PLC                                 | VERONA PHAR-ADR                | CUSIP: N/A<br>LEI: 213800EVI6O6J3TIAL06       | Long             | EC               | CORP              | US        |    175127 | NS      | $3859799.08   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Sinbon Electronics Co Ltd                         | SINBON ELEC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    363000 | NS      | $3487602.88   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Vitasoy International Holdings Ltd                | VITASOY INTL HLD               | CUSIP: N/A<br>LEI: 5493003LPGHN62KWIZ77       | Long             | EC               | CORP              | HK        |    308958 | NS      | $656362.93    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Siegfried Holding AG                              | SIEGFRIED HO-REG               | CUSIP: N/A<br>LEI: 506700J9QD6IF3937W06       | Long             | EC               | CORP              | CH        |      6372 | NS      | $4681054.48   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotus Bakeries NV                                 | LOTUS BAKERIES                 | CUSIP: N/A<br>LEI: 5493004C0K34IFI67I03       | Long             | EC               | CORP              | BE        |       655 | NS      | $4260093.30   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Maytronics Ltd                                    | MAYTRONICS                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |    484657 | NS      | $5907820.78   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Sansan Inc                                        | SANSAN INC                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    330044 | NS      | $4116392.63   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd                      | TECHTRONIC IND                 | CUSIP: Y8563B159<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    346500 | NS      | $4467002.67   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Fletcher Building Ltd                             | FLETCHER BLDG                  | CUSIP: N/A<br>LEI: 549300UPHQTT2LG75045       | Long             | EC               | CORP              | NZ        |    368163 | NS      | $1212342.21   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Park Systems Corp                                 | PARK SYSTEMS CO                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     18485 | NS      | $1848442.79   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Vistry Group PLC                                  | VISTRY GROUP PLC               | CUSIP: N/A<br>LEI: 2138001KOWN7CG9SLK53       | Long             | EC               | CORP              | GB        |    330000 | NS      | $3039349.46   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Alpha Group International PLC                     | ALPHA GROUP INTE               | CUSIP: N/A<br>LEI: 213800RESM1FPUXY6K31       | Long             | EC               | CORP              | GB        |    183745 | NS      | $4210167.30   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Pou Sheng International Holdings Ltd              | POU SHENG INTL                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |  15865314 | NS      | $1900471.67   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Musashi Seimitsu Industry Co Ltd                  | MUSASHI SEIMITSU               | CUSIP: J46948105<br>LEI: 353800J742CBBV9MSZ43 | Long             | EC               | CORP              | JP        |    559000 | NS      | $7703770.46   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Ichikoh Industries Ltd                            | ICHIKOH INDS                   | CUSIP: N/A<br>LEI: 353800KP9IZ3RU1GNE32       | Long             | EC               | CORP              | JP        |     34300 | NS      | $102638.36    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Shibaura Machine Co Ltd                           | SHIBAURA MACHINE               | CUSIP: N/A<br>LEI: 529900T7KEXD7VGOFO59       | Long             | EC               | CORP              | JP        |     19600 | NS      | $429413.87    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ALD SA                                            | ALD SA                         | CUSIP: N/A<br>LEI: 969500E7V019H9NP7427       | Long             | EC               | CORP              | FR        |    259444 | NS      | $3261665.33   | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Cafe24 Corp                                       | CAFE24 CORP                    | CUSIP: Y7T37J102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    108131 | NS      | $999829.79    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SiteMinder Ltd                                    | SITEMINDER LTD                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    227960 | NS      | $608361.62    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Smurfit Kappa Group PLC                           | SMURFIT KAPPA GR               | CUSIP: G8248F104<br>LEI: 635400CPLP8H5ITDVT56 | Long             | EC               | CORP              | IE        |    105765 | NS      | $4440493.55   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Boardwalk Real Estate Investment Trust            | BOARDWALK REAL E               | CUSIP: 096631106<br>LEI: 549300RMNRTTJRCOYW23 | Long             | EC               | CORP              | CA        |    112130 | NS      | $4737851.72   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Kaufman & Broad SA                                | KAUFMAN & BROAD                | CUSIP: N/A<br>LEI: 969500CE0X343D8ALO86       | Long             | EC               | CORP              | FR        |    161675 | NS      | $5080185.37   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Entertainment Corp                      | UNIVERSAL ENTERT               | CUSIP: J94303104<br>LEI: 353800BBJTHSMSQ31V91 | Long             | EC               | CORP              | JP        |    142100 | NS      | $2701332.24   | 0.17%             |  |  |  | No            |                  2 | On Loan: —       |
| Surgical Science Sweden AB                        | SURGICAL SCIENCE               | CUSIP: N/A<br>LEI: 549300YROAI18G6JL885       | Long             | EC               | CORP              | SE        |    119043 | NS      | $1683740.47   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Trusco Nakayama Corp                              | TRUSCO NAKAYAMA                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    558200 | NS      | $9145132.28   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Emmi AG                                           | EMMI AG-REG                    | CUSIP: N/A<br>LEI: 529900Q53RBYJIVCMA08       | Long             | EC               | CORP              | CH        |      1198 | NS      | $1116113.89   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Billerud AB                                       | BILLERUD AB                    | CUSIP: N/A<br>LEI: 549300YJUYJ9A24RXL71       | Long             | EC               | CORP              | SE        |    240529 | NS      | $2794282.08   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| D'ieteren Group                                   | D'IETEREN GROUP                | CUSIP: N/A<br>LEI: 549300DV5KJ23OKVTW34       | Long             | EC               | CORP              | BE        |     52234 | NS      | $9982720.77   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Azelis Group NV                                   | AZELIS GROUP NV                | CUSIP: N/A<br>LEI: 699400M9RRMTV264FM70       | Long             | EC               | CORP              | BE        |    241097 | NS      | $6511136.84   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Angle PLC                                         | ANGLE PLC                      | CUSIP: N/A<br>LEI: 213800BY11K6W3NMS374       | Long             | EC               | CORP              | GB        |   1465172 | NS      | $533070.03    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mandarin Oriental International Ltd               | MANDARIN ORIENTL               | CUSIP: N/A<br>LEI: 213800KQ1UMKZ1JXJR80       | Long             | EC               | CORP              | SG        |    553100 | NS      | $1041627.84   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Oberoi Realty Ltd                                 | OBEROI REALTY                  | CUSIP: N/A<br>LEI: 335800TCKG1XQXN51L44       | Long             | EC               | CORP              | IN        |    557770 | NS      | $5617052.24   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Rorze Corp                                        | RORZE CORP                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     21200 | NS      | $1629589.67   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sekisui Jushi Corp                                | SEKISUI JUSHI                  | CUSIP: J70789110<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     39500 | NS      | $599521.75    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Derwent London PLC                                | DERWENT LONDON                 | CUSIP: N/A<br>LEI: 213800BXKQ9KZNUR1M61       | Long             | EC               | CORP              | GB        |    105573 | NS      | $3367751.72   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Kawasaki Heavy Industries Ltd                     | KAWASAKI HVY IND               | CUSIP: N/A<br>LEI: 5493008FFSI8SQ74AT93       | Long             | EC               | CORP              | JP        |     73300 | NS      | $1677295.46   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Nanya Technology Corp                             | NANYA TECH                     | CUSIP: N/A<br>LEI: 254900STKVKJBRRO0835       | Long             | EC               | CORP              | TW        |   1222000 | NS      | $2373642.84   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| IMI PLC                                           | IMI PLC                        | CUSIP: G47152114<br>LEI: 2138002W9Q21PF751R30 | Long             | EC               | CORP              | GB        |    542930 | NS      | $9721219.20   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyve Group PLC                                    | HYVE GROUP PLC                 | CUSIP: N/A<br>LEI: 549300ZOQOW485BCD047       | Long             | EC               | CORP              | GB        |   2988455 | NS      | $2699123.34   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BPM SpA                                     | BANCO BPM SPA                  | CUSIP: N/A<br>LEI: 815600E4E6DCD2D25E30       | Long             | EC               | CORP              | IT        |    610358 | NS      | $2747096.09   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Spectris PLC                                      | SPECTRIS PLC                   | CUSIP: G8338K104<br>LEI: 213800Z4CO2CZO3M3T10 | Long             | EC               | CORP              | GB        |    286122 | NS      | $11343302.19  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| COMSYS Holdings Corp                              | COMSYS HOLDINGS                | CUSIP: N/A<br>LEI: 529900BXEDA1UA6QX260       | Long             | EC               | CORP              | JP        |     59200 | NS      | $1129085.94   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamato Holdings Co Ltd                            | YAMATO HOLDINGS                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     20700 | NS      | $362186.86    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Montana Aerospace AG                              | MONTANA AEROSPAC               | CUSIP: N/A<br>LEI: 506700YRG9330Q97U450       | Long             | EC               | CORP              | CH        |    324015 | NS      | $5930125.08   | 0.36%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nova Ljubljanska Banka dd                         | NOVA LJUBLJ-REGS               | CUSIP: N/A<br>LEI: 5493001BABFV7P27OW30       | Long             | EC               | CORP              | GB        |     31921 | NS      | $470176.11    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITE Group PLC/The                               | UNITE GROUP/THE                | CUSIP: N/A<br>LEI: 213800BBUUWVDH9YI827       | Long             | EC               | CORP              | GB        |     86472 | NS      | $1065260.54   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Diploma PLC                                       | DIPLOMA PLC                    | CUSIP: G27664112<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |     77000 | NS      | $2604713.01   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Tyro Payments Ltd                                 | TYRO PAYMENTS LT               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2604392 | NS      | $2775202.04   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Synthomer PLC                                     | SYNTHOMER PLC                  | CUSIP: G8650C102<br>LEI: 213800EHT3TI1KPQQJ56 | Long             | EC               | CORP              | GB        |    436779 | NS      | $843279.51    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Calbee Inc                                        | CALBEE INC                     | CUSIP: N/A<br>LEI: 529900CIHZID6O8LJH81       | Long             | EC               | CORP              | JP        |    454800 | NS      | $10271277.17  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Daifuku Co Ltd                                    | DAIFUKU CO LTD                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    128200 | NS      | $7059171.51   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Kitanotatsujin Corp                               | KITANOTATSUJIN                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    913500 | NS      | $2332716.82   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Shokubai Co Ltd                            | NIPPON SHOKUBAI                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     14800 | NS      | $626560.10    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Vallourec SA                                      | VALLOUREC                      | CUSIP: N/A<br>LEI: 969500P2Q1B47H4MCJ34       | Long             | EC               | CORP              | FR        |     77970 | NS      | $1138124.63   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Ansell Ltd                                        | ANSELL LTD                     | CUSIP: N/A<br>LEI: 549300NEGJ5G23VCJM45       | Long             | EC               | CORP              | AU        |     95834 | NS      | $1915296.33   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Heavy Industries Ltd                     | SUMITOMO HEAVY                 | CUSIP: N/A<br>LEI: 353800VSTEIRMBC3S374       | Long             | EC               | CORP              | JP        |     60600 | NS      | $1347578.32   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sabre Insurance Group PLC                         | SABRE INSUR                    | CUSIP: G7739M107<br>LEI: 2138006RXRQ8P8VKGV98 | Long             | EC               | CORP              | GB        |   1431673 | NS      | $1819921.54   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| IGO Ltd                                           | IGO LTD                        | CUSIP: N/A<br>LEI: 2549005DZO8VGXM5QN07       | Long             | EC               | CORP              | AU        |    246283 | NS      | $2560181.39   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| FP Corp                                           | FP CORP                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    316700 | NS      | $8606230.76   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Lintec Corp                                       | LINTEC CORP                    | CUSIP: N/A<br>LEI: 3538002YOJO0IAM1PD28       | Long             | EC               | CORP              | JP        |     33000 | NS      | $571461.90    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Stemmer Imaging AG                                | STEMMER IMAGING                | CUSIP: N/A<br>LEI: 89450012XZ2GPWGIGH37       | Long             | EC               | CORP              | DE        |     96893 | NS      | $3750384.75   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Embracer Group AB                                 | EMBRACER GROUP A               | CUSIP: N/A<br>LEI: 549300RFXXKT652HB549       | Long             | EC               | CORP              | SE        |    221056 | NS      | $1030370.22   | 0.06%             |  |  |  | No            |                  2 | On Loan: —       |
| Ai Holdings Corp                                  | AI HOLDINGS CORP               | CUSIP: J0060P101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    481200 | NS      | $8129022.92   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo   | SABESP                         | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19       | Long             | EC               | CORP              | BR        |    244600 | NS      | $2681960.48   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                               | ASCENDIS PHA-ADR               | CUSIP: N/A<br>LEI: 549300B66JN3W3J8GH73       | Long             | EC               | CORP              | US        |     18378 | NS      | $2280342.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bossard Holding AG                                | BOSSARD HO-REG A               | CUSIP: N/A<br>LEI: 5067001959OEPG6X8016       | Long             | EC               | CORP              | CH        |     21298 | NS      | $5427023.30   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Voltronic Power Technology Corp                   | VOLTRONIC POWER                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    113252 | NS      | $5731036.11   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Netwealth Group Ltd                               | NETWEALTH GROUP                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    414148 | NS      | $3949851.64   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Cint Group AB                                     | CINT GROUP AB                  | CUSIP: N/A<br>LEI: 549300KSY3P5G8XC0A34       | Long             | EC               | CORP              | SE        |   1129018 | NS      | $4237692.85   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard International Semiconductor Corp         | VANGUARD INTL                  | CUSIP: N/A<br>LEI: 2549001S5Q158BIJJO13       | Long             | EC               | CORP              | TW        |   1196000 | NS      | $4020048.77   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Aumann AG                                         | AUMANN AG                      | CUSIP: N/A<br>LEI: 529900GLI93PGU71F690       | Long             | EC               | CORP              | DE        |     84638 | NS      | $1265802.25   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: —       |
| Nick Scali Ltd                                    | NICK SCALI LTD                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    120541 | NS      | $1025261.18   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOPL Inc                                        | COLOPL INC                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    492600 | NS      | $2522479.64   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Allfunds Group Plc                                | ALLFUNDS GROUP P               | CUSIP: N/A<br>LEI: 9598005U8TZQ8Q64SC71       | Long             | EC               | CORP              | NL        |    428804 | NS      | $3411120.05   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA                      | GAZTRANSPORT                   | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |      9775 | NS      | $1080686.40   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Elementis PLC                                     | ELEMENTIS PLC                  | CUSIP: N/A<br>LEI: 549300LQIH685LI2ML36       | Long             | EC               | CORP              | GB        |    769472 | NS      | $1189425.45   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bankinter SA                                      | BANKINTER                      | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |    337939 | NS      | $2438231.41   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Breville Group Ltd                                | BREVILLE GROUP L               | CUSIP: N/A<br>LEI: 529900MM4WH0KSB3KW37       | Long             | EC               | CORP              | AU        |     66858 | NS      | $1077944.01   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| OZ Minerals Ltd                                   | OZ MINERALS LTD                | CUSIP: N/A<br>LEI: 529900O2VBT5CL7EZT27       | Long             | EC               | CORP              | AU        |     67929 | NS      | $1345460.99   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Merus NV                                          | MERUS NV                       | CUSIP: N5749R100<br>LEI: 549300W8GPUWU8QNU293 | Long             | EC               | CORP              | US        |    152086 | NS      | $2372541.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Snow Peak Inc                                     | SNOW PEAK INC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    174500 | NS      | $2898634.33   | 0.18%             |  |  |  | No            |                  2 | On Loan: —       |
| JSR Corp                                          | JSR CORP                       | CUSIP: N/A<br>LEI: 353800TL8FC0AWR22506       | Long             | EC               | CORP              | JP        |     93561 | NS      | $2105137.38   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| TechnoPro Holdings Inc                            | TECHNOPRO HOLDIN               | CUSIP: N/A<br>LEI: 3538001DJ8I5PJQNHU53       | Long             | EC               | CORP              | JP        |    120800 | NS      | $3761128.05   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellectis SA                                      | CELLECTIS - ADR                | CUSIP: N/A<br>LEI: 5493000KKX5VQ37Q2W83       | Long             | EC               | CORP              | US        |    146217 | NS      | $445961.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MakeMyTrip Ltd                                    | MAKEMYTRIP LTD                 | CUSIP: V5633W109<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | US        |     33023 | NS      | $957006.54    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Densetsu Kogyo Co Ltd                      | NIPPON DENSETSU                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    539400 | NS      | $6755451.27   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Century Corp                                | TOKYO CENTURY CO               | CUSIP: J05607106<br>LEI: 35380096ZLHOF84DXR74 | Long             | EC               | CORP              | JP        |     47900 | NS      | $1684219.35   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Miura Co Ltd                                      | MIURA CO LTD                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    384800 | NS      | $9628973.47   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Asics Corp                                        | ASICS CORP                     | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |    107800 | NS      | $2565697.35   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Deterra Royalties Ltd                             | DETERRA ROYALTIE               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    916799 | NS      | $3180857.84   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Thule Group AB                                    | THULE GROUP AB/T               | CUSIP: N/A<br>LEI: 549300XHHOGBOERKU333       | Long             | EC               | CORP              | SE        |     94501 | NS      | $2264602.90   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Vicinity Ltd                                      | VICINITY CENTRES               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2279395 | NS      | $3334849.59   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ALK-Abello A/S                                    | ALK-ABELLO A/S                 | CUSIP: N/A<br>LEI: 529900SGCREUZCZ7P020       | Long             | EC               | CORP              | DK        |    240864 | NS      | $3598030.64   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Nikon Corp                                        | NIKON CORP                     | CUSIP: 654111103<br>LEI: 549300X7LIS9RFELXJ98 | Long             | EC               | CORP              | JP        |    315885 | NS      | $3118861.78   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares MSCI EAFE Small-Cap ETF                   | ISHARES MSCI EAF               | CUSIP: 464288273<br>LEI: 549300MJV5OZGVS4LX86 | Long             | EC               | RF                | US        |    240885 | NS      | $14727708.90  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellectis SA                                      | CELLECTIS                      | CUSIP: N/A<br>LEI: 5493000KKX5VQ37Q2W83       | Long             | EC               | CORP              | FR        |     60983 | NS      | $189255.49    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Brunello Cucinelli SpA                            | BRUNELLO CUCINEL               | CUSIP: N/A<br>LEI: 5493003CX2RZ0FOBH256       | Long             | EC               | CORP              | IT        |    127803 | NS      | $10644782.95  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellavision AB                                    | CELLAVISION AB                 | CUSIP: N/A<br>LEI: 529900IUBZBZ0HXFJ114       | Long             | EC               | CORP              | SE        |     99097 | NS      | $2338641.92   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Co Ltd                                        | MAX CO LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     46000 | NS      | $719682.20    | 0.04%             |  |  |  | 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        |    290302 | NS      | $29027288.35  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Hino Motors Ltd                                   | HINO MOTORS LTD                | CUSIP: 433406105<br>LEI: 3538009ZU0PHKNHJM202 | Long             | EC               | CORP              | JP        |    146600 | NS      | $627087.63    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Ascott Trust                           | CAPITALAND ASCOT               | CUSIP: N/A<br>LEI: 549300W6RTG7Y32IWY65       | Long             | EC               | CORP              | SG        |   3384400 | NS      | $2869075.20   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Square Enix Holdings Co Ltd                       | SQUARE ENIX HD                 | CUSIP: N/A<br>LEI: 529900KCRNRDF8DIA489       | Long             | EC               | CORP              | JP        |     26697 | NS      | $1262534.78   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group PLC                                     | AIB GROUP PLC                  | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |   1244829 | NS      | $5229015.47   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| JGC Holdings Corp                                 | JGC HOLDINGS COR               | CUSIP: N/A<br>LEI: 5493003WMGG79YLARU68       | Long             | EC               | CORP              | JP        |     88000 | NS      | $1149461.51   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Barco NV                                          | BARCO NV                       | CUSIP: B0833F107<br>LEI: 549300N17QCD827TII61 | Long             | EC               | CORP              | BE        |    250937 | NS      | $6352146.76   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                                    | CHROMA ATE                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1702694 | NS      | $10566423.50  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Smart Metering Systems PLC                        | SMART METERING S               | CUSIP: N/A<br>LEI: 213800FGOUFSDPE33S71       | Long             | EC               | CORP              | GB        |    435026 | NS      | $4681006.02   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Kissei Pharmaceutical Co Ltd                      | KISSEI PHARM CO                | CUSIP: J33652108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    454800 | NS      | $8959868.45   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| NCC Group PLC                                     | NCC GROUP PLC                  | CUSIP: N/A<br>LEI: 213800DJCGZRB6523934       | Long             | EC               | CORP              | GB        |   1280000 | NS      | $2966314.26   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Shiga Bank Ltd/The                                | SHIGA BANK LTD                 | CUSIP: N/A<br>LEI: 3538002NUIQ8JFEJNS94       | Long             | EC               | CORP              | JP        |     29727 | NS      | $618761.49    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Halma PLC                                         | HALMA PLC                      | CUSIP: G42504103<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |    135000 | NS      | $3594247.02   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Wantedlab Inc                                     | WANTEDLAB INC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     61325 | NS      | $742912.07    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SNT Motiv Co Ltd                                  | SNT MOTIV CO LTD               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     21048 | NS      | $783676.29    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Glory Ltd                                         | GLORY LTD                      | CUSIP: J17304130<br>LEI: 3538003FKID28TGG5U64 | Long             | EC               | CORP              | JP        |    207900 | NS      | $3636195.61   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Fukushima Galilei Co Ltd                          | FUKUSHIMA GALILE               | CUSIP: J16034100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    192000 | NS      | $6517362.08   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| MOL Hungarian Oil & Gas PLC                       | MOL                            | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |     51646 | NS      | $385957.64    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GMO Financial Gate Inc                            | GMO FINANCIAL GA               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     10050 | NS      | $643442.75    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bridgepoint Group PLC                             | BRIDGEPOINT-REGS               | CUSIP: N/A<br>LEI: 213800KFNMVI8PDZX472       | Long             | EC               | CORP              | GB        |    550000 | NS      | $1632262.48   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Infomart Corp                                     | INFOMART CORP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    600900 | NS      | $1943947.90   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Boat Rocker Media Inc                             | BOAT ROCKER MEDI               | CUSIP: 09664U101<br>LEI: 5493004D4I281V12PV84 | Long             | EC               | CORP              | CA        |    741886 | NS      | $1511037.59   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Kureha Corp                                       | KUREHA CORP                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    103900 | NS      | $6785958.20   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| MIRAIT ONE corp                                   | MIRAIT ONE CORP                | CUSIP: N/A<br>LEI: 353800RI3EZVEIDAEL62       | Long             | EC               | CORP              | JP        |     58700 | NS      | $715858.56    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-30

**Name of Applicant:** VANGUARD WHITEHALL FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer