# EDGAR Filing Document

**Accession Number:** 0000822632
**File Stem:** 0001752724-23-029951
**Filing Date:** 2023-2
**Character Count:** 63134
**Document Hash:** 033dd636fe91147a4b8414247ee26168
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-029951.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-029951

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WILLIAM BLAIR FUNDS
- **CENTRAL INDEX KEY:** 0000822632
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05344
- **FILM NUMBER:** 23645620

**BUSINESS ADDRESS:**
- **STREET 1:** 150 NORTH RIVERSIDE PLAZA
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3123648000

**MAIL ADDRESS:**
- **STREET 1:** 150 NORTH RIVERSIDE PLAZA
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WILLIAM BLAIR MUTUAL FUNDS INC
- **DATE OF NAME CHANGE:** 19960112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLAIR WILLIAM READY RESERVES INC
- **DATE OF NAME CHANGE:** 19920316

## Series and Classes Contracts Data

### William Blair Institutional International Growth Fund (Series ID: S000008605)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000023546 | Institutional Class | WBIIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** WILLIAM BLAIR FUNDS

- **b. Investment Company Act file number:** 811-05344

- **c. CIK number of Registrant:** 0000822632

- **d. LEI of Registrant:** SNQR0U5FDV8EZZX4W051

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

  - **Street Address 1:** 150 NORTH RIVERSIDE PLAZA

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-364-8000

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

- **a. Name of Series:** William Blair Institutional International Growth Fund

- **b. EDGAR series identifier (if any):** S000008605

- **c. LEI of Series:** ZFUC7FQ8P4Z2TL4PXN85

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $908008442.86

**Total Liabilities:** $1319884.24

**Net Assets:** $906688558.62

**Cash Not Reported:** $66685.18

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000023546 | 6.52%                | 10.30%               | -4.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1099198.41             | $54895217.11                               |
| Month 2  | $-6107019.40             | $94747460.34                               |
| Month 3  | $2924805.36              | $-42575935.53                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Domino's Pizza Enterprises Ltd            | Domino's Pizza Enterprises Ltd            | CUSIP: 000000000<br>LEI: 54930034RFI409JZ3179 | Long             | EC               | CORP              | AU        |     37017 | NS      | $1669700.71   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemetschek SE                             | Nemetschek SE                             | CUSIP: 000000000<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |     26471 | NS      | $1351337.57   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE       | LVMH Moet Hennessy Louis Vuitton SE       | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |     16963 | NS      | $12345647.82  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Weir Group PLC/The                        | Weir Group PLC/The                        | CUSIP: 000000000<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |    135710 | NS      | $2738271.85   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Max Healthcare Institute Ltd              | Max Healthcare Institute Ltd              | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |    240774 | NS      | $1281140.03   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd    | Contemporary Amperex Technology Co Ltd    | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     42800 | NS      | $2422195.43   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                                | L'Oreal SA                                | CUSIP: 000000000<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |     22824 | NS      | $8150494.92   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Amplifon SpA                              | Amplifon SpA                              | CUSIP: 000000000<br>LEI: ZYXJDNVM2JI3VBM8G556 | Long             | EC               | CORP              | IT        |     67304 | NS      | $2004306.72   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Group NV                              | KBC Group NV                              | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |    179770 | NS      | $11561477.09  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Greggs PLC                                | Greggs PLC                                | CUSIP: 000000000<br>LEI: 213800I71QMUFJ64IW20 | Long             | EC               | CORP              | GB        |     86756 | NS      | $2460571.01   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Parkland Corp                             | Parkland Corp                             | CUSIP: 70137W108<br>LEI: 549300UY5C6HUV0XLS53 | Long             | EC               | CORP              | CA        |    101864 | NS      | $2235139.91   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Aristocrat Leisure Ltd                    | Aristocrat Leisure Ltd                    | CUSIP: 000000000<br>LEI: 529900TE2HO3OZKYKC27 | Long             | EC               | CORP              | AU        |     71730 | NS      | $1490516.85   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Inovance Technology Co Ltd       | Shenzhen Inovance Technology Co Ltd       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    410900 | NS      | $4107995.17   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Toromont Industries Ltd                   | Toromont Industries Ltd                   | CUSIP: 891102105<br>LEI: 5493008W5EPRSLQ0B737 | Long             | EC               | CORP              | CA        |     39054 | NS      | $2818291.24   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     20088 | NS      | $10833306.82  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Straumann Holding AG                      | Straumann Holding AG                      | CUSIP: 000000000<br>LEI: 50670046ML5FVIM60Z37 | Long             | EC               | CORP              | CH        |     40423 | NS      | $4616523.87   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Netwealth Group Ltd                       | Netwealth Group Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    158988 | NS      | $1309788.72   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Partners Group Holding AG                 | Partners Group Holding AG                 | CUSIP: 000000000<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |      7569 | NS      | $6686161.47   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Unilever Ltd                    | Hindustan Unilever Ltd                    | CUSIP: 000000000<br>LEI: 5493007IW5N37IKRPM32 | Long             | EC               | CORP              | IN        |    185905 | NS      | $5761639.31   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| InterGlobe Aviation Ltd                   | InterGlobe Aviation Ltd                   | CUSIP: 000000000<br>LEI: 33580079R8SLLO23XD19 | Long             | EC               | CORP              | IN        |    150728 | NS      | $3645948.72   | 0.40%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Disco Corp                                | Disco Corp                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      7800 | NS      | $2243599.51   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group SA                       | Amadeus IT Group SA                       | CUSIP: 000000000<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |    212008 | NS      | $11018124.21  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Olympus Corp                              | Olympus Corp                              | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    383700 | NS      | $6876427.92   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Steadfast Group Ltd                       | Steadfast Group Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    527987 | NS      | $1966355.72   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Voltas Ltd                                | Voltas Ltd                                | CUSIP: 000000000<br>LEI: 335800VVTQSSZ7NV7F51 | Long             | EC               | CORP              | IN        |    169514 | NS      | $1637153.22   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                 | Airbus SE                                 | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |    109139 | NS      | $12970220.93  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                               | Infosys Ltd                               | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    380815 | NS      | $6944246.45   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| VAT Group AG                              | VAT Group AG                              | CUSIP: 000000000<br>LEI: 529900MVFK7NVALR7Y83 | Long             | EC               | CORP              | CH        |      9322 | NS      | $2548641.76   | 0.28%             |  |  |  | Yes           |                  1 | On Loan: No      |
| AutoStore Holdings Ltd                    | AutoStore Holdings Ltd                    | CUSIP: 000000000<br>LEI: 549300KYN3M0LSM5A413 | Long             | EC               | CORP              | BM        |   1023137 | NS      | $1872012.36   | 0.21%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Novo Nordisk A/S                          | Novo Nordisk A/S                          | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |    127198 | NS      | $17175062.47  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                 | Linde PLC                                 | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |     35268 | NS      | $11503716.24  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd           | Apollo Hospitals Enterprise Ltd           | CUSIP: 000000000<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |     33185 | NS      | $1795431.65   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizrahi Tefahot Bank Ltd                  | Mizrahi Tefahot Bank Ltd                  | CUSIP: 000000000<br>LEI: YZO9YEGEO4VYDZMDWF93 | Long             | EC               | CORP              | IL        |     59280 | NS      | $1920853.46   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                                | BYD Co Ltd                                | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     96500 | NS      | $3567128.18   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                | FIXED INC CLEARING CORP.REPO              | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   7785622 | PA      | $7785622.24   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                    | DBS Group Holdings Ltd                    | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |    483800 | NS      | $12252124.83  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Pidilite Industries Ltd                   | Pidilite Industries Ltd                   | CUSIP: 000000000<br>LEI: 335800APXGEBZ349GN74 | Long             | EC               | CORP              | IN        |     76296 | NS      | $2360260.52   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Havells India Ltd                         | Havells India Ltd                         | CUSIP: 000000000<br>LEI: 549300U1LOGHTTNT7D47 | Long             | EC               | CORP              | IN        |    157111 | NS      | $2092787.65   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank/The                 | Toronto-Dominion Bank/The                 | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |    168558 | NS      | $10913943.77  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Intermediate Capital Group PLC            | Intermediate Capital Group PLC            | CUSIP: 000000000<br>LEI: 549300OGASR5WRKJ8R68 | Long             | EC               | CORP              | GB        |    197008 | NS      | $2734224.22   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecan Group AG                            | Tecan Group AG                            | CUSIP: 000000000<br>LEI: 529900CSN9R3BLETSL26 | Long             | EC               | CORP              | CH        |      7530 | NS      | $3358429.68   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd                   | Reliance Industries Ltd                   | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    442697 | NS      | $13629267.00  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Metro Inc/CN                              | Metro Inc/CN                              | CUSIP: 59162N109<br>LEI: 549300KQ7DCG4IXSNW78 | Long             | EC               | CORP              | CA        |    171766 | NS      | $9510559.10   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                | Globant SA                                | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |     14923 | NS      | $2509451.68   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifco AB                                  | Lifco AB                                  | CUSIP: 000000000<br>LEI: 549300RTLL4VDQRCTW41 | Long             | EC               | CORP              | SE        |    154693 | NS      | $2581712.81   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA                                 | Thales SA                                 | CUSIP: 000000000<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |    114448 | NS      | $14615538.86  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnoPro Holdings Inc                    | TechnoPro Holdings Inc                    | CUSIP: 000000000<br>LEI: 3538001DJ8I5PJQNHU53 | Long             | EC               | CORP              | JP        |    122400 | NS      | $3287564.77   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab A/S                                | Genmab A/S                                | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |     16534 | NS      | $6999840.79   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Metso Outotec Oyj                         | Metso Outotec Oyj                         | CUSIP: 000000000<br>LEI: 549300R0VN9C371W0E07 | Long             | EC               | CORP              | FI        |    205869 | NS      | $2118219.19   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk PT           | Telkom Indonesia Persero Tbk PT           | CUSIP: 000000000<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |  20592600 | NS      | $4960478.56   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Daikin Industries Ltd                     | Daikin Industries Ltd                     | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |     62500 | NS      | $9619780.55   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                              | 3i Group PLC                              | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |    254589 | NS      | $4128941.10   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollarama Inc                             | Dollarama Inc                             | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |    174469 | NS      | $10203988.26  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                          | TotalEnergies SE                          | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     79510 | NS      | $4991785.91   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                              | MediaTek Inc                              | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    159000 | NS      | $3233231.93   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                                | Tenaris SA                                | CUSIP: 000000000<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |    424663 | NS      | $7402840.07   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Yellow Group PLC                      | Big Yellow Group PLC                      | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               |  | GB        |    136801 | NS      | $1896972.63   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV              | Wal-Mart de Mexico SAB de CV              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |   2412600 | NS      | $8527949.50   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Neste Oyj                                 | Neste Oyj                                 | CUSIP: 000000000<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |    188693 | NS      | $8689451.75   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB                              | Evolution AB                              | CUSIP: 000000000<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |     45268 | NS      | $4404962.91   | 0.49%             |  |  |  | Yes           |                  1 | On Loan: No      |
| HDFC Bank Ltd                             | HDFC Bank Ltd                             | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    607380 | NS      | $11966993.84  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                  | Adyen NV                                  | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      3987 | NS      | $5498739.33   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Drive Systems Inc                | Harmonic Drive Systems Inc                | CUSIP: 000000000<br>LEI: 353800XFIX2EUARGOE85 | Long             | EC               | CORP              | JP        |     39100 | NS      | $1106800.52   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax-Sarco Engineering PLC              | Spirax-Sarco Engineering PLC              | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     32187 | NS      | $4130559.42   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Rotork PLC                                | Rotork PLC                                | CUSIP: 000000000<br>LEI: 213800AH5RZIHGWRJ718 | Long             | EC               | CORP              | GB        |   1117044 | NS      | $4140481.09   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Central Asia Tbk PT                  | Bank Central Asia Tbk PT                  | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |  21596430 | NS      | $11861215.77  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU Aero Engines AG                       | MTU Aero Engines AG                       | CUSIP: 000000000<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |     52588 | NS      | $11382403.74  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SCSK Corp                                 | SCSK Corp                                 | CUSIP: 000000000<br>LEI: 529900SNGFXMSUBB7864 | Long             | EC               | CORP              | JP        |    112900 | NS      | $1721372.30   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                         | Compass Group PLC                         | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    622441 | NS      | $14429189.59  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazley PLC                               | Beazley PLC                               | CUSIP: 000000000<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |    278128 | NS      | $2284770.32   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial PLC                      | Rentokil Initial PLC                      | CUSIP: 000000000<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |   1209437 | NS      | $7427716.83   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Proya Cosmetics Co Ltd                    | Proya Cosmetics Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    118240 | NS      | $2848632.02   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co Ltd              | Techtronic Industries Co Ltd              | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    244500 | NS      | $2728343.66   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                                  | Nice Ltd                                  | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     18520 | NS      | $3561396.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingspan Group PLC                        | Kingspan Group PLC                        | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |     70955 | NS      | $3841740.36   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp                              | Keyence Corp                              | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |     25900 | NS      | $10147653.15  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BE Semiconductor Industries NV            | BE Semiconductor Industries NV            | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |     35211 | NS      | $2131836.73   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Benefit One Inc                           | Benefit One Inc                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     92400 | NS      | $1360935.69   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Eventim AG & Co KGaA                  | CTS Eventim AG & Co KGaA                  | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |     62951 | NS      | $4016197.61   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PLC           | London Stock Exchange Group PLC           | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |    119828 | NS      | $10337642.93  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinaxis Inc                               | Kinaxis Inc                               | CUSIP: 49448Q109<br>LEI: 5299009VAZ14K7PFUQ15 | Long             | EC               | CORP              | CA        |     22681 | NS      | $2544660.79   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Indutrade AB                              | Indutrade AB                              | CUSIP: 000000000<br>LEI: 549300FISLQ6CEFP1867 | Long             | EC               | CORP              | SE        |    134802 | NS      | $2727083.02   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV A/S                                   | DSV A/S                                   | CUSIP: 000000000<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |     75170 | NS      | $11865017.71  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                            | Atlas Copco AB                            | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    740108 | NS      | $8731059.36   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                           | AstraZeneca PLC                           | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    107792 | NS      | $14618753.43  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sika AG                                   | Sika AG                                   | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |     25930 | NS      | $6217142.70   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                 | Shin-Etsu Chemical Co Ltd                 | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |     37000 | NS      | $4574253.28   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                  | ICON PLC                                  | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     65125 | NS      | $12650531.25  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                                   | SSE PLC                                   | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |    223925 | NS      | $4634626.27   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Elevator Service Holdings Co Ltd    | Japan Elevator Service Holdings Co Ltd    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     98700 | NS      | $1243902.77   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Info Edge India Ltd                       | Info Edge India Ltd                       | CUSIP: 000000000<br>LEI: 335800MXUVHTBF9DEC78 | Long             | EC               | CORP              | IN        |     33719 | NS      | $1594815.36   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Carl Zeiss Meditec AG                     | Carl Zeiss Meditec AG                     | CUSIP: 000000000<br>LEI: 529900GRL4MZ8NMOOK95 | Long             | EC               | CORP              | DE        |     21962 | NS      | $2771736.07   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| IMCD NV                                   | IMCD NV                                   | CUSIP: 000000000<br>LEI: 724500NSJPNFJPDAUP02 | Long             | EC               | CORP              | NL        |     21071 | NS      | $3003257.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Railway Ltd              | Canadian Pacific Railway Ltd              | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    155448 | NS      | $11594866.32  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG SA                                    | WEG SA                                    | CUSIP: 000000000<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |    232700 | NS      | $1697291.92   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| First Abu Dhabi Bank PJSC                 | First Abu Dhabi Bank PJSC                 | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |    576315 | NS      | $2683381.39   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                            | Lonza Group AG                            | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |     17940 | NS      | $8791017.14   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Foshan Haitian Flavouring & Food Co Ltd   | Foshan Haitian Flavouring & Food Co Ltd   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    225063 | NS      | $2577069.61   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Belimo Holding AG                         | Belimo Holding AG                         | CUSIP: 000000000<br>LEI: 506700339DLX749VEM23 | Long             | EC               | CORP              | CH        |      4986 | NS      | $2372616.67   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FinecoBank Banca Fineco SpA               | FinecoBank Banca Fineco SpA               | CUSIP: 000000000<br>LEI: 549300L7YCATGO57ZE10 | Long             | EC               | CORP              | IT        |    258702 | NS      | $4297913.63   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Renishaw PLC                              | Renishaw PLC                              | CUSIP: 000000000<br>LEI: 21380048ADXM6Z67CT18 | Long             | EC               | CORP              | GB        |     29199 | NS      | $1294808.91   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CSL Ltd                                   | CSL Ltd                                   | CUSIP: 000000000<br>LEI: 529900ECSECK5ZDQTE14 | Long             | EC               | CORP              | AU        |     55996 | NS      | $10970816.69  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC                         | Ashtead Group PLC                         | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |    123403 | NS      | $7041676.86   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Nihon M&A Center Holdings Inc             | Nihon M&A Center Holdings Inc             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    203700 | NS      | $2528400.64   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG                 | Zurich Insurance Group AG                 | CUSIP: 000000000<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |     30990 | NS      | $14823854.43  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA                         | EDP Renovaveis SA                         | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |    190621 | NS      | $4199352.14   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Silergy Corp                              | Silergy Corp                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     67000 | NS      | $951521.86    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Locaweb Servicos de Internet SA           | Locaweb Servicos de Internet SA           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    795786 | NS      | $1058083.76   | 0.12%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Hoya Corp                                 | Hoya Corp                                 | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |     65000 | NS      | $6292479.43   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                   | Lululemon Athletica Inc                   | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     21951 | NS      | $7032661.38   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| UPL Ltd                                   | UPL Ltd                                   | CUSIP: 000000000<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |    219423 | NS      | $1902214.14   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Britannia Industries Ltd                  | Britannia Industries Ltd                  | CUSIP: 000000000<br>LEI: 335800RRN5EVHNNAXN80 | Long             | EC               | CORP              | IN        |     34824 | NS      | $1816568.51   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian PLC                              | Experian PLC                              | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |    276410 | NS      | $9400086.68   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Diploma PLC                               | Diploma PLC                               | CUSIP: 000000000<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |     68334 | NS      | $2293320.12   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDI Co Ltd                        | Samsung SDI Co Ltd                        | CUSIP: 000000000<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |      8303 | NS      | $3880642.94   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Softcat PLC                               | Softcat PLC                               | CUSIP: 000000000<br>LEI: 213800N42YZLR9GLVC42 | Long             | EC               | CORP              | GB        |     99675 | NS      | $1426744.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MonotaRO Co Ltd                           | MonotaRO Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    220000 | NS      | $3112922.89   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Moncler SpA                               | Moncler SpA                               | CUSIP: 000000000<br>LEI: 815600EBD7FB00525B20 | Long             | EC               | CORP              | IT        |     48260 | NS      | $2557164.68   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Food & Life Cos Ltd                       | Food & Life Cos Ltd                       | CUSIP: 000000000<br>LEI: 529900CWF7GCVZKS5M87 | Long             | EC               | CORP              | JP        |     70100 | NS      | $1387685.16   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao               | B3 SA - Brasil Bolsa Balcao               | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |   1654600 | NS      | $4139829.73   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                               | Euronext NV                               | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |     38547 | NS      | $2853722.56   | 0.31%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Intact Financial Corp                     | Intact Financial Corp                     | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |     79924 | NS      | $11505160.15  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International                      | Hermes International                      | CUSIP: 000000000<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |      5094 | NS      | $7879396.74   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                              | Capgemini SE                              | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |     44298 | NS      | $7394957.43   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Abcam PLC                                 | Abcam PLC                                 | CUSIP: 000380204<br>LEI: 213800B9N83DSNT33F79 | Long             | EC               | CORP              | GB        |     90125 | NS      | $1402345.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV | Grupo Aeroportuario del Sureste SAB de CV | CUSIP: 40051E202<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |     16658 | NS      | $3881147.42   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Hemnet Group AB                           | Hemnet Group AB                           | CUSIP: 000000000<br>LEI: 5493008VIU67J3HUAR07 | Long             | EC               | CORP              | SE        |     93003 | NS      | $1119438.88   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                  | Vinci SA                                  | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |    113583 | NS      | $11342652.03  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Galenica AG                               | Galenica AG                               | CUSIP: 000000000<br>LEI: 506700W4772BD8016Z20 | Long             | EC               | CORP              | CH        |     33149 | NS      | $2708491.81   | 0.30%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Royal Unibrew A/S                         | Royal Unibrew A/S                         | CUSIP: 000000000<br>LEI: 529900D69KFL8IAP8Q63 | Long             | EC               | CORP              | DK        |     31265 | NS      | $2229163.72   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexagon AB                                | Hexagon AB                                | CUSIP: 000000000<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |    797250 | NS      | $8327886.84   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                 | Alibaba Group Holding Ltd                 | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    825800 | NS      | $9125066.46   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                | Diageo PLC                                | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    244485 | NS      | $10788311.02  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Group PLC                             | CVS Group PLC                             | CUSIP: 000000000<br>LEI: 213800J41XDQ2NX48O05 | Long             | EC               | CORP              | GB        |     77965 | NS      | $1824792.18   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SES-imagotag SA                           | SES-imagotag SA                           | CUSIP: 000000000<br>LEI: 969500U51BYOMEW9M549 | Long             | EC               | CORP              | FR        |     10732 | NS      | $1401543.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA                          | Raia Drogasil SA                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    371100 | NS      | $1667217.58   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunello Cucinelli SpA                    | Brunello Cucinelli SpA                    | CUSIP: 000000000<br>LEI: 5493003CX2RZ0FOBH256 | Long             | EC               | CORP              | IT        |     39570 | NS      | $2926916.13   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SMS Co Ltd                                | SMS Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     47800 | NS      | $1221952.15   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SIG Group AG                              | SIG Group AG                              | CUSIP: 000000000<br>LEI: 5493004Z6P7TSVB1L042 | Long             | EC               | CORP              | CH        |    183692 | NS      | $4012954.52   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TIS Inc                                   | TIS Inc                                   | CUSIP: 000000000<br>LEI: 35380064HYEZXBQHDF07 | Long             | EC               | CORP              | JP        |    167100 | NS      | $4430874.73   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Crompton Greaves Consumer Electricals Ltd | Crompton Greaves Consumer Electricals Ltd | CUSIP: 000000000<br>LEI: 335800DIIEEWMH3UDH51 | Long             | EC               | CORP              | IN        |    409635 | NS      | $1668397.36   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro Medicus Ltd                           | Pro Medicus Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     52438 | NS      | $1972915.70   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Co              | Canadian National Railway Co              | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     93946 | NS      | $11159730.16  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE                      | Dassault Systemes SE                      | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |    179466 | NS      | $6434700.62   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Rumo SA                                   | Rumo SA                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    452200 | NS      | $1593909.18   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Petronet LNG Ltd                          | Petronet LNG Ltd                          | CUSIP: 000000000<br>LEI: 335800KIIKNA7GRD9351 | Long             | EC               | CORP              | IN        |    783092 | NS      | $2039844.39   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                             | Credicorp Ltd                             | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |     13658 | NS      | $1852844.28   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    115144 | NS      | $8577076.56   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalwafers Co Ltd                       | Globalwafers Co Ltd                       | CUSIP: 000000000<br>LEI: 529900V6RTNF3U5EGX67 | Long             | EC               | CORP              | TW        |     75000 | NS      | $1043174.83   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ConvaTec Group PLC                        | ConvaTec Group PLC                        | CUSIP: 000000000<br>LEI: 213800LS272L4FIDOH92 | Long             | EC               | CORP              | GB        |   1700745 | NS      | $4782525.44   | 0.53%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Vitrolife AB                              | Vitrolife AB                              | CUSIP: 000000000<br>LEI: 5493001WDZMONMSPPR49 | Long             | EC               | CORP              | SE        |     45778 | NS      | $816864.99    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmode Ltd                                | Inmode Ltd                                | CUSIP: 000000000<br>LEI: 984500DD95A35E9BD358 | Long             | EC               | CORP              | IL        |     55089 | NS      | $1966677.30   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                          | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      4054 | NS      | $3430656.96   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Siegfried Holding AG                      | Siegfried Holding AG                      | CUSIP: 000000000<br>LEI: 506700J9QD6IF3937W06 | Long             | EC               | CORP              | CH        |      3233 | NS      | $2145077.06   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Airtac International Group                | Airtac International Group                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     70204 | NS      | $2126528.74   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Warehouses De Pauw CVA                    | Warehouses De Pauw CVA                    | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               |  | BE        |     55032 | NS      | $1572869.67   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius Stedim Biotech                  | Sartorius Stedim Biotech                  | CUSIP: 000000000<br>LEI: 52990006IVXY7GCSSR39 | Long             | EC               | CORP              | FR        |     16398 | NS      | $5309852.31   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Segro PLC                                 | Segro PLC                                 | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               |  | GB        |    239159 | NS      | $2207806.58   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                             | AIA Group Ltd                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |   1140263 | NS      | $12680220.67  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectris PLC                              | Spectris PLC                              | CUSIP: 000000000<br>LEI: 213800Z4CO2CZO3M3T10 | Long             | EC               | CORP              | GB        |     48809 | NS      | $1771409.51   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCurrent Consulting Inc                 | BayCurrent Consulting Inc                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     59600 | NS      | $1868744.29   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CCL Industries Inc                        | CCL Industries Inc                        | CUSIP: 124900309<br>LEI: 549300TD3EMSRRC0YH75 | Long             | EC               | CORP              | CA        |     71692 | NS      | $3062529.75   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakus Co Ltd                              | Rakus Co Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    104300 | NS      | $1258847.91   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Thule Group AB                            | Thule Group AB                            | CUSIP: 000000000<br>LEI: 549300XHHOGBOERKU333 | Long             | EC               | CORP              | SE        |     52563 | NS      | $1096610.41   | 0.12%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Bunzl PLC                                 | Bunzl PLC                                 | CUSIP: 000000000<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |    125986 | NS      | $4202254.62   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Bid Corp Ltd                              | Bid Corp Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    115713 | NS      | $2246328.73   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                 | Safran SA                                 | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     87117 | NS      | $10903298.42  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Coloplast A/S                             | Coloplast A/S                             | CUSIP: 000000000<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |     31289 | NS      | $3657319.63   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Croda International PLC                   | Croda International PLC                   | CUSIP: 000000000<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     45355 | NS      | $3621100.77   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc                 | Tokio Marine Holdings Inc                 | CUSIP: 000000000<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |    343000 | NS      | $7389763.03   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Gjensidige Forsikring ASA                 | Gjensidige Forsikring ASA                 | CUSIP: 000000000<br>LEI: 5967007LIEEXZX6FAO47 | Long             | EC               | CORP              | NO        |     98255 | NS      | $1927630.55   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| GMO Payment Gateway Inc                   | GMO Payment Gateway Inc                   | CUSIP: 000000000<br>LEI: 353800Q6U21E2PM83F86 | Long             | EC               | CORP              | JP        |     23700 | NS      | $1971990.25   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                               | Equinor ASA                               | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |    130192 | NS      | $4675153.68   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                  | Infineon Technologies AG                  | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |    345572 | NS      | $10516750.89  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT Inc                                 | SHIFT Inc                                 | CUSIP: 000000000<br>LEI: 353800HJXMOPLJ7BO262 | Long             | EC               | CORP              | JP        |     15700 | NS      | $2792121.30   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleperformance                           | Teleperformance                           | CUSIP: 000000000<br>LEI: 9695004GI61FHFFNRG61 | Long             | EC               | CORP              | FR        |     32122 | NS      | $7657534.73   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Halma PLC                                 | Halma PLC                                 | CUSIP: 000000000<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |    263432 | NS      | $6286719.05   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijer Ref AB                             | Beijer Ref AB                             | CUSIP: 000000000<br>LEI: 549300PZZEUVH08H4G75 | Long             | EC               | CORP              | SE        |    141026 | NS      | $1988042.43   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweco AB                                  | Sweco AB                                  | CUSIP: 000000000<br>LEI: 549300Q4Y55VICYV6U90 | Long             | EC               | CORP              | SE        |    118041 | NS      | $1129522.12   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-17

**Name of Applicant:** WILLIAM BLAIR FUNDS

**Signature:** John Raczek

**Name of Signer:** John Raczek

**Title:** Principal Financial Officer