# EDGAR Filing Document

**Accession Number:** 0000356476
**File Stem:** 0001193125-26-050267
**Filing Date:** 2026-2
**Character Count:** 68775
**Document Hash:** 22c512398de46964a9de8017c5e684f9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-050267.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001193125-26-050267

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EMPOWER FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000356476

**ORGANIZATION NAME:**
- **EIN:** 840876044
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03364
- **FILM NUMBER:** 26629799

**BUSINESS ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111
- **BUSINESS PHONE:** 303-737-3000

**MAIL ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREAT-WEST FUNDS INC
- **DATE OF NAME CHANGE:** 20121005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAXIM SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Empower Large Cap Value Fund (Series ID: S000032956)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000101688 | Investor Class      | MXEQX           |
| C000155814 | Institutional Class | MXVHX           |
| C000214216 | Investor Class II   | MXHAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EMPOWER FUNDS, INC.

- **b. Investment Company Act file number:** 811-03364

- **c. CIK number of Registrant:** 0000356476

- **d. LEI of Registrant:** RUYOMHMDMSPQ01U66388

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

  - **Street Address 1:** 8515 E Orchard Road

  - **City:** Greenwood Village

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80111

  - **Telephone number:** 866-831-7129

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

- **a. Name of Series:** Empower Large Cap Value Fund

- **b. EDGAR series identifier (if any):** S000032956

- **c. LEI of Series:** DVOIKVU0SHNYT5NF2675

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $1983280803.85

**Total Liabilities:** $1382743.93

**Net Assets:** $1981898059.92

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 10.729450022348 | **5-Year:** 10.255458254289 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000101688 | 0.29%                | 2.62%                | 1.87%                |
| Class ID C000155814 | 0.28%                | 2.63%                | 1.97%                |
| Class ID C000214216 | 0.30%                | 2.58%                | 1.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $126849645.47            | $-8085599.90                               |
| Month 2  | $127164865.72            | $47089227.21                               |
| Month 3  | $131420680.50            | $29709860.42                               |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** DVOIKVU0SHNYT5NF2675

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dreyfus Instl Resv                 | Dreyfus Instl Resv PFD GOVT INSTL                                | CUSIP: 26200X100<br>LEI: 549300FG0OZ5YKPLK622 | Long             | STIV             | RF                | US        |  10835093 | PA      | $10835093.24  | 0.55%             | 2026-01-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES INC                | HSBC SECURITIES INC                                              | CUSIP: 789456168<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $2257507.69   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                     | MORGAN STANLEY                                                   | CUSIP: 789456169<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DFE              | CORP              | N/A       |         1 | NC      | $8932549.04   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                     | MORGAN STANLEY                                                   | CUSIP: 789456170<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DFE              | CORP              | N/A       |         1 | NC      | $5615045.82   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK INTL                 | BARCLAYS BANK INTL                                               | CUSIP: 789456161<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $595711.03    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK INTL                 | BARCLAYS BANK INTL                                               | CUSIP: 789456162<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $3473667.72   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | CITIGROUP GLOBAL MARKETS                                         | CUSIP: 789456163<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $1299497.43   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | CITIGROUP GLOBAL MARKETS                                         | CUSIP: 789456164<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $631818.47    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC            | GOLDMAN SACHS GROUP INC                                          | CUSIP: 789456165<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $3324546.21   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC            | GOLDMAN SACHS GROUP INC                                          | CUSIP: 789456166<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $5171031.68   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES INC                | HSBC SECURITIES INC                                              | CUSIP: 789456167<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $2023280.63   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP               | WESTPAC BANKING CORP                                             | CUSIP: 789456177<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $330976.46    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK              | TORONTO DOMINION BANK                                            | CUSIP: 789456175<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $2949235.90   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS INVESTMENT BANK                | UBS INVESTMENT BANK                                              | CUSIP: 789456176<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $691648.33    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                     | MORGAN STANLEY                                                   | CUSIP: 789456171<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DFE              | CORP              | N/A       |         1 | NC      | $1998387.43   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET BANK                  | STATE STREET BANK                                                | CUSIP: 789456172<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $2607675.44   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET BANK                  | STATE STREET BANK                                                | CUSIP: 789456173<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $2354006.00   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK              | TORONTO DOMINION BANK                                            | CUSIP: 789456174<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $1984897.01   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AbbVie Inc.                        | AbbVie Inc. COM                                                  | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     42584 | NS      | $9730017.98   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                     | Blackrock Inc. COM                                               | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      9658 | NS      | $10337343.37  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                      | Alphabet Inc. CAP STK CL C                                       | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     45399 | NS      | $14246205.81  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                   | Amazon.com, Inc. COM                                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    166493 | NS      | $38429913.29  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                 | Conagra Brands Inc COM                                           | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     90197 | NS      | $1561310.08   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart (Maryland)               | CubeSmart (Maryland) COM                                         | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21224 | NS      | $765125.18    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                      | Alphabet Inc. CAP STK CL A                                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    186144 | NS      | $58263074.00  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.               | Elevance Health Inc. COM                                         | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     42068 | NS      | $14746937.52  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                | Dominion Energy Inc COM STK NPV                                  | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     16705 | NS      | $978745.95    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.              | Freeport-McMoRan Inc. CL B                                       | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    281974 | NS      | $14321459.42  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.              | Bank of America Corp. COM                                        | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    725788 | NS      | $39918340.00  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.       | Charter Communications, Inc. CL A                                | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     19803 | NS      | $4133876.25   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Volkswagen AG                      | Volkswagen AG NON VTG PRF NPV                                    | CUSIP: D94523103<br>LEI: 529900NNUPAGGOMPXZ31 | Long             | EP               | CORP              | DE        |      5582 | NS      | $681219.63    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp.                    | Microsoft Corp. COM                                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     74457 | NS      | $36008894.11  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                | Expand Energy Corp. COM                                          | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     64712 | NS      | $7141616.27   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                        | Corteva Inc COM                                                  | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    211990 | NS      | $14209689.72  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                     | Morgan Stanley COM NEW                                           | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     10603 | NS      | $1882350.61   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corporation       | Norfolk Southern Corporation COM                                 | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      6582 | NS      | $1900355.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                 | EOG Resources Inc. COM USD0.01                                   | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     44653 | NS      | $4689011.49   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Company           | Eastman Chemical Company COM                                     | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |     50768 | NS      | $3240521.39   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc             | Equitable Holdings Inc COM                                       | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |    257439 | NS      | $12266968.31  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                 | Equity Residential SH BEN INT                                    | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    188681 | NS      | $11894450.21  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.             | Texas Instruments Inc. COM USD1.00                               | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     48351 | NS      | $8388415.02   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc       | Thermo Fisher Scientific Inc COM                                 | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     46894 | NS      | $27172728.33  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                 | Meta Platforms Inc CL A                                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      8421 | NS      | $5558618.06   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                | Fifth Third Bancorp COM                                          | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    230313 | NS      | $10780951.58  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                  | Tyson Foods, Inc. CL A                                           | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |    132271 | NS      | $7753726.02   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation          | Union Pacific Corporation COM                                    | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     26474 | NS      | $6123965.62   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.        | Capital One Financial Corp. COM                                  | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    111079 | NS      | $26921106.48  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.              | Cardinal Health, Inc. COM                                        | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      3790 | NS      | $778845.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc.                        | Fiserv Inc. COM                                                  | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     48552 | NS      | $3261237.85   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corporation                | Fortive Corporation COM                                          | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |    150208 | NS      | $8292983.66   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                 | Ingersoll Rand Inc COM                                           | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |    121318 | NS      | $9610811.93   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc.                        | Kenvue Inc. COM                                                  | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    398601 | NS      | $6875867.25   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.           | Lululemon Athletica Inc. COM                                     | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     11819 | NS      | $2456106.36   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp.                     | Middleby Corp. COM                                               | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     18256 | NS      | $2714119.51   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                   | NRG Energy, Inc. COM NEW                                         | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     58733 | NS      | $9352642.84   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd.        | Samsung Electronics Co Ltd. KRW100                               | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    173556 | NS      | $14546572.02  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.   | Philip Morris International Inc. COM                             | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    215637 | NS      | $34588174.64  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                      | Prologis Inc. COM USD0.01                                        | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     79164 | NS      | $10106076.31  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.       | Stanley Black & Decker, Inc. COM                                 | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |    165945 | NS      | $12326394.68  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                    | T-Mobile US Inc COM                                              | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     82452 | NS      | $16741054.33  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                       | Target Corp. COM STK USD0.0833                                   | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     56151 | NS      | $5488760.25   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Company                         | 3M Company COM USD0.01                                           | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     13375 | NS      | $2141337.52   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                        | Viatris Inc COM                                                  | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    727210 | NS      | $9053764.40   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                  | Wells Fargo & Co. COM                                            | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    129206 | NS      | $12041999.09  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Company               | Weyerhaeuser Company COM NEW                                     | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    293956 | NS      | $6963817.67   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)      | Williams Companies Inc. (The) COM                                | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     69580 | NS      | $4182453.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                            | CRH PLC ORD EUR 0.32                                             | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |    125198 | NS      | $15624710.79  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                         | Chubb Ltd. COM                                                   | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     43721 | NS      | $13646198.61  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                | Cisco Systems, Inc. COM                                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    373353 | NS      | $28759381.36  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                 | Coca-Cola Co (The) COM                                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    323662 | NS      | $22627210.73  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.              | Colgate-Palmolive Co. COM USD1.00                                | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |    165342 | NS      | $13065324.97  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc.          | Corebridge Financial Inc. COM                                    | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     92692 | NS      | $2796517.63   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dupont De Nemours Inc              | Dupont De Nemours Inc COM                                        | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     93890 | NS      | $3774377.98   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.               | JPMorgan Chase & Co. COM USD1.00                                 | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     96130 | NS      | $30975008.82  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                | Kinder Morgan, Inc. COM                                          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     31690 | NS      | $871158.09    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                   | Merck & Co., Inc COM                                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     86344 | NS      | $9088569.40   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation         | Alliant Energy Corporation COM                                   | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    104373 | NS      | $6785288.77   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.  | American International Group Inc. COM NEW                        | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    286342 | NS      | $24496558.08  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                         | Biogen Inc COM                                                   | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |     17026 | NS      | $2996405.73   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.               | Otis Worldwide Corp. COM                                         | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     80455 | NS      | $7027744.24   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                    | Salesforce Inc. COM                                              | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     43905 | NS      | $11630873.56  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                      | U.S. Bancorp. COM USD0.01                                        | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    242990 | NS      | $12965946.37  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.        | United Parcel Service, Inc. CLASS'B'COM USD0.01                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     85772 | NS      | $8507724.70   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                   | TotalEnergies SE EUR2.5                                          | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    236579 | NS      | $15424461.68  | 0.78%             |  |  |  | No            |                  2 | On Loan: —       |
| Accenture PLC                      | Accenture PLC CLS'A'USD0.0000225                                 | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     84326 | NS      | $22624666.08  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                          | Shell PLC ORD EUR0.07                                            | CUSIP: G80827101<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    309176 | NS      | $11391711.01  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Ameren Corp.                       | Ameren Corp. COM                                                 | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     93572 | NS      | $9344099.89   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation         | American Tower Corporation COM                                   | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     17871 | NS      | $3137611.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc       | Apollo Global Management Inc COM                                 | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |    101329 | NS      | $14668385.73  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.             | Applied Materials Inc. COM                                       | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     35196 | NS      | $9045020.02   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                    | AstraZeneca PLC SPONSORED ADR                                    | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    235921 | NS      | $21688217.67  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corporation         | Avery Dennison Corporation COM                                   | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     11860 | NS      | $2157096.79   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.       | CF Industries Holdings, Inc. COM USD0.01                         | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    126258 | NS      | $9764793.71   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                     | CME Group Inc. COM                                               | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     47681 | NS      | $13020727.32  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                     | Citigroup Inc. COM USD0.01                                       | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    525132 | NS      | $61277653.57  | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                     | ConocoPhillips COM USD0.01                                       | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    234962 | NS      | $21994792.91  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corporation                  | Dover Corporation COM                                            | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     16782 | NS      | $3276517.65   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                    | EQT Corporation COM                                              | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     54805 | NS      | $2937548.01   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company             | General Motors Company COM                                       | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |    321004 | NS      | $26104045.66  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                | Global Payments Inc COM NPV                                      | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     10155 | NS      | $785996.99    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.          | Goldman Sachs Group, Inc. COM USD0.01                            | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     16405 | NS      | $14419995.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.  | The Hartford Insurance Group Inc. COM                            | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     34764 | NS      | $4790479.20   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc      | Hilton Worldwide Holdings Inc COM                                | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     42912 | NS      | $12326472.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                    | Home Depot Inc. COM                                              | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     25312 | NS      | $8709859.12   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                        | Humana Inc. COM                                                  | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      3062 | NS      | $784270.06    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated | Huntington Bancshares Incorporated COM                           | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    572245 | NS      | $9928450.89   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                  | Intel Corporation COM                                            | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    148901 | NS      | $5494446.84   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.            | International Paper Co. COM                                      | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    295941 | NS      | $11657116.05  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                  | Johnson & Johnson COM                                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     22868 | NS      | $4732532.65   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corporation         | Kimberly-Clark Corporation COM                                   | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     72500 | NS      | $7314524.90   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc         | L3 Harris Technologies Inc COM                                   | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     49327 | NS      | $14480927.20  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp               | Las Vegas Sands Corp COM                                         | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |    182475 | NS      | $11877297.74  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corporation                  | Loews Corporation COM                                            | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |    112938 | NS      | $11893500.76  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                          | Sanofi SA EUR2                                                   | CUSIP: F5548N101<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    163856 | NS      | $15853905.98  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Mattel, Inc.                       | Mattel, Inc. COM                                                 | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    178033 | NS      | $3532174.75   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                     | Mckesson Corp. COM                                               | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     26130 | NS      | $21434177.69  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                 | NextEra Energy Inc COM                                           | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    374036 | NS      | $30027609.64  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation       | Northrop Grumman Corporation COM                                 | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     23587 | NS      | $13449543.69  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                   | Novo Nordisk A/S ADR                                             | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |    178705 | NS      | $9092510.45   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.  | PNC Financial Services Group Inc. COM                            | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     70373 | NS      | $14688956.14  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.               | PPG Industries, Inc. COM                                         | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     48774 | NS      | $4997384.07   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                    | PPL Corporation COM USD0.01                                      | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    268573 | NS      | $9405426.66   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.           | The Procter & Gamble Co. COM                                     | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    185772 | NS      | $26622985.08  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulte Group Inc                    | Pulte Group Inc COM                                              | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    155860 | NS      | $18276143.75  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                      | QUALCOMM Inc. COM                                                | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    162096 | NS      | $27726520.81  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                       | Rayonier Inc COM                                                 | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |    199589 | NS      | $4321101.80   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.    | Regeneron Pharmaceuticals, Inc. COM                              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     24737 | NS      | $19093748.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc.     | Rexford Industrial Realty Inc. COM                               | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    149014 | NS      | $5769822.05   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.          | Rockwell Automation, Inc. COM                                    | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     17104 | NS      | $6654653.30   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd.                           | SLB Ltd. COM USD0.01                                             | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    124256 | NS      | $4768945.28   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation     | The Charles Schwab Corporation COM                               | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    363010 | NS      | $36268329.60  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                             | Sempra COM                                                       | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     99629 | NS      | $8796244.36   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                       | Southern Co. COM                                                 | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    214144 | NS      | $18673356.81  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                       | SO 7.125 12/15/28 A                                              | CUSIP: 842587842<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     47477 | NS      | $2355808.75   | 0.12%             | 2028-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.             | Southwest Airlines Co. COM                                       | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    690897 | NS      | $28554773.29  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                 | State Street Corp. COM                                           | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     86416 | NS      | $11148528.15  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities, Inc.              | Sun Communities, Inc. COM                                        | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     12965 | NS      | $1606493.17   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.               | United Rentals, Inc. COM                                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |     12546 | NS      | $10153728.77  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                | Valero Energy Corp. COM USD0.01                                  | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     60501 | NS      | $9848957.87   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust               | Vornado Realty Trust SH BEN INT                                  | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    180264 | NS      | $5999186.04   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                        | Walmart Inc COM                                                  | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    266222 | NS      | $29659793.36  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd.         | West Fraser Timber Co Ltd. COM                                   | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     77666 | NS      | $4746169.26   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Xcel Energy Inc                    | Xcel Energy Inc COM USD2.5                                       | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     48009 | NS      | $3545944.76   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC | Johnson Controls International PLC SHS                           | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |    135337 | NS      | $16206605.75  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC    | Seagate Technology Holdings PLC ORD SHS                          | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     42158 | NS      | $11609891.66  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                | TE Connectivity PLC ORD SHS                                      | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |      4781 | NS      | $1087725.31   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co.                         | Boeing Co. 6% SER A DEP SHS REPSTG 1/20TH INT MANDATORY CONV PFD | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |     63878 | NS      | $4436327.00   | 0.22%             | 2027-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                    | The Cigna Group COM                                              | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     31623 | NS      | $8703598.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                | Comcast Corporation COM USD0.01 CL A                             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    276575 | NS      | $8266826.78   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc.                       | Cummins Inc. COM                                                 | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      4282 | NS      | $2185746.91   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                | Walt Disney Company COM                                          | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     85917 | NS      | $9774777.18   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                  | Exxon Mobil Corp. COM NPV                                        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    302821 | NS      | $36441478.86  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corporation                  | FedEx Corporation COM USD0.10                                    | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     54481 | NS      | $15737381.55  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                       | GE Aerospace COM NEW                                             | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     37732 | NS      | $11622588.27  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                         | Siemens AG NPV(REGD)                                             | CUSIP: D69671218<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     44818 | NS      | $12552457.89  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Marvell Technology Inc             | Marvell Technology Inc COM                                       | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    117377 | NS      | $9974697.46   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corporation                   | News Corporation CL A                                            | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    299044 | NS      | $7811029.39   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Potlatchdeltic Corp.               | Potlatchdeltic Corp. COM                                         | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     43732 | NS      | $1739658.99   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Qnity Electronics Inc.             | Qnity Electronics Inc. COMMON STOCK                              | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |     46945 | NS      | $3833059.25   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc          | Teledyne Technologies Inc COM USD0.01                            | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      1569 | NS      | $801335.38    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.            | UnitedHealth Group Inc. COM                                      | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     64477 | NS      | $21284502.61  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| South Bow Corp.                    | South Bow Corp. COM                                              | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |    111395 | NS      | $3063758.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Agco Corporation                   | Agco Corporation COM                                             | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     40546 | NS      | $4229758.67   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.        | Advanced Micro Devices Inc. COM                                  | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     31676 | NS      | $6783732.14   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation           | The Allstate Corporation COM                                     | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |    101122 | NS      | $21048543.88  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc     | BJ Wholesale Club Holdings Inc COM                               | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     59664 | NS      | $5371550.06   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corporation                   | Ball Corporation COM                                             | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |     71755 | NS      | $3800862.30   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company      | Becton, Dickinson and Company COM                                | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    139093 | NS      | $26993778.55  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co.                         | Boeing Co. COM                                                   | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     60206 | NS      | $13071926.78  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company       | Bristol-Myers Squibb Company COM                                 | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     87171 | NS      | $4702003.72   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                    | CSX Corporation COM                                              | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    276513 | NS      | $10023596.25  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                    | CVS Health Corp COM                                              | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    157450 | NS      | $12495232.05  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                      | Chevron Corp. COM USD0.75                                        | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48971 | NS      | $7463670.31   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.       | Honeywell International Inc. COM USD1                            | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     54506 | NS      | $10633575.58  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc               | Keurig Dr Pepper Inc COM                                         | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     20857 | NS      | $584204.57    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc.                       | MetLife Inc. COM USD0.01                                         | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    250688 | NS      | $19789310.55  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                        | Phillips 66 COM                                                  | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     10575 | NS      | $1364597.98   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp.                     | Ralliant Corp. COM                                               | CUSIP: 750940108<br>LEI: 52990024QKO4DYT8N464 | Long             | EC               | CORP              | US        |     78661 | NS      | $4004631.54   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                          | RTX Corp. COM                                                    | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    110453 | NS      | $20257079.69  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                          | Sanofi SA SPON ADR ECH REP 0.5 ORD SH                            | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     44432 | NS      | $2153174.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials Inc.   | Solstice Advanced Materials Inc. COM SHS                         | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |     13359 | NS      | $648980.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc         | Zimmer Biomet Holdings Inc COM USD0.01                           | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |    135224 | NS      | $12159342.17  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                     | TC Energy Corp COM NPV                                           | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     72003 | NS      | $3964873.18   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Medtronic PLC                      | Medtronic PLC USD0.0001                                          | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     81987 | NS      | $7875671.20   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-12

**Name of Applicant:** EMPOWER FUNDS, INC.

**Signature:** /s/Kelly New

**Name of Signer:** Kelly New

**Title:** Treasurer, Empower Funds, Inc.