# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-25-002178
**Filing Date:** 2025-11
**Character Count:** 81678
**Document Hash:** 771d750f474353c30ef0258a481269b2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-002178.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001004726-25-002178

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716

**ORGANIZATION NAME:**
- **EIN:** 316364605
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04852
- **FILM NUMBER:** 251520115

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 6144708000

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOCIETY FUNDS
- **DATE OF NAME CHANGE:** 19940906

## Series and Classes Contracts Data

### Victory Trivalent International Small-Cap Fund (Series ID: S000046400)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144999 | Class A      | MISAX           |
| C000145000 | Class C      | MCISX           |
| C000145001 | Class I      | MISIX           |
| C000145002 | Class R6     | MSSIX           |
| C000145003 | Class Y      | MYSIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios

- **b. Investment Company Act file number:** 811-04852

- **c. CIK number of Registrant:** 0000802716

- **d. LEI of Registrant:** 549300V07N3HJP1EW330

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

  - **Street Address 1:** 15935 La Cantera Parkway Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-539-3863

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

- **a. Name of Series:** Victory Trivalent International Small-Cap Fund

- **b. EDGAR series identifier (if any):** S000046400

- **c. LEI of Series:** 549300SB9TZ2GU9C2Q92

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $4219038105.74

**Total Liabilities:** $127859395.33

**Net Assets:** $4091178710.41

**Cash Not Reported:** $56131437.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000144999 | 0.05%                | 3.10%                | 2.80%                |
| Class ID C000145001 | 0.05%                | 3.13%                | 2.88%                |
| Class ID C000145003 | 0.05%                | 3.15%                | 2.84%                |
| Class ID C000145000 | 0.00%                | 3.04%                | 2.73%                |
| Class ID C000145002 | 0.05%                | 3.11%                | 2.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $45848064.05             | $-44047271.80                              |
| Month 2  | $34457146.53             | $82787523.93                               |
| Month 3  | $72365045.42             | $33366655.97                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Wihlborgs Fastigheter AB                               | WIHLBORGS FASTIGHETER AB            | CUSIP: N/A<br>LEI: 549300RC1YDJPITF8X06       | Long             | EC               | CORP              | SE        |   1607893 | NS      | $15750370.84  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| KYORITSU MAINTENANCE CO.,LTD.                          | KYORITSU MAINTENANCE CO LTD         | CUSIP: N/A<br>LEI: 353800IO2MFHL1NA0986       | Long             | EC               | CORP              | JP        |    483100 | NS      | $10441217.66  | 0.26%             |  |  |  | No            |                  2 | On Loan: —       |
| Softcat PLC                                            | SOFTCAT PLC                         | CUSIP: N/A<br>LEI: 213800N42YZLR9GLVC42       | Long             | EC               | CORP              | GB        |    610019 | NS      | $12974291.01  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| TOYO SUISAN KAISHA, LTD.                               | TOYO SUISAN KAISHA LTD              | CUSIP: 892306101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    270300 | NS      | $19312087.74  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| BABCOCK INTERNATIONAL GROUP PLC                        | BABCOCK INTERNATIONAL GROUP PLC     | CUSIP: N/A<br>LEI: 213800TSKOLX4EU6L377       | Long             | EC               | CORP              | GB        |   1834417 | NS      | $32997159.29  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| SUSS MicroTec SE                                       | SUESS MICROTEC SE                   | CUSIP: N/A<br>LEI: 529900C3KRUTSYDK7N87       | Long             | EC               | CORP              | DE        |    259843 | NS      | $9331030.52   | 0.23%             |  |  |  | No            |                  2 | On Loan: —       |
| ENERFLEX LTD.                                          | ENERFLEX LTD                        | CUSIP: 29269R105<br>LEI: 54930014N7872VUS3F89 | Long             | EC               | CORP              | CA        |   1483515 | NS      | $16002558.50  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| JYSKE BANK A/S                                         | JYSKE BANK A S                      | CUSIP: N/A<br>LEI: 3M5E1GQGKL17HI6CPN30       | Long             | EC               | CORP              | DK        |    194624 | NS      | $21735702.13  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| BARRATT REDROW PLC                                     | BARRATT REDROW PLC                  | CUSIP: N/A<br>LEI: 2138006R85VEOF5YNK29       | Long             | EC               | CORP              | GB        |   2427029 | NS      | $12767103.58  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| SILICON 2 Co.,Ltd.                                     | SILICON2 CO LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    354375 | NS      | $11565692.57  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| HIKMA PHARMACEUTICALS PUBLIC LIMITED COMPANY           | HIKMA PHARMACEUTICALS PLC           | CUSIP: N/A<br>LEI: 549300BNS685UXH4JI75       | Long             | EC               | CORP              | GB        |    689811 | NS      | $15832965.91  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordex SE                                              | NORDEX SE                           | CUSIP: N/A<br>LEI: 529900HVDYCUWVD0OE76       | Long             | EC               | CORP              | DE        |    626872 | NS      | $16099381.21  | 0.39%             |  |  |  | No            |                  2 | On Loan: —       |
| Indra Sistemas, S.A.                                   | INDRA SISTEMAS SA                   | CUSIP: N/A<br>LEI: 95980020140005308793       | Long             | EC               | CORP              | ES        |    748972 | NS      | $33531429.66  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| DPM Metals Inc.                                        | DPM METALS INC                      | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |   2356712 | NS      | $52249058.71  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| LOTTOMATICA GROUP S.P.A.                               | LOTTOMATICA GROUP SPA               | CUSIP: N/A<br>LEI: 549300R72LKEGT4EX026       | Long             | EC               | CORP              | IT        |    672120 | NS      | $18087056.63  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| MINES AGNICO EAGLE LIMITEE                             | AGINCO EAGLE MINES LTD              | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |         1 | NS      | $168.45       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissui Corporation                                     | NISSUI CORP                         | CUSIP: N/A<br>LEI: 529900MPH5BMANQ3EC50       | Long             | EC               | CORP              | JP        |   2647400 | NS      | $18655151.84  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Mining and Smelting Company, Limited            | MITSUI MINING SMELTING CO LTD       | CUSIP: N/A<br>LEI: 35380021EYAHSQM25559       | Long             | EC               | CORP              | JP        |    382400 | NS      | $29710585.57  | 0.73%             |  |  |  | No            |                  2 | On Loan: —       |
| Scout24 SE                                             | SCOUT24 SE                          | CUSIP: N/A<br>LEI: 5493007EIKM2ENQS7U66       | Long             | EC               | CORP              | DE        |    207701 | NS      | $26054328.75  | 0.64%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Lion Corporation                                       | LION CORP                           | CUSIP: N/A<br>LEI: 529900MPGS2GM7VPG855       | Long             | EC               | CORP              | JP        |   1202600 | NS      | $12564016.02  | 0.31%             |  |  |  | No            |                  2 | On Loan: —       |
| Azbil Corporation                                      | AZBIL CORP                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   1503900 | NS      | $14260852.33  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| OSB GROUP PLC                                          | OSB GROUP PLC                       | CUSIP: N/A<br>LEI: 213800ZBKL9BHSL2K459       | Long             | EC               | CORP              | GB        |   2025637 | NS      | $15490329.64  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| DENTSU SOKEN INC.                                      | DENTSU SOKEN INC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    251000 | NS      | $11007806.01  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| ISS A/S                                                | ISS A S                             | CUSIP: N/A<br>LEI: 213800LEZA58SZNCBN19       | Long             | EC               | CORP              | DK        |    545896 | NS      | $17300276.22  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Mebuki Financial Group, Inc.                           | MEBUKI FINANCIAL GROUP INC          | CUSIP: N/A<br>LEI: 353800K1RXV3E3JAE812       | Long             | EC               | CORP              | JP        |   4969200 | NS      | $31661396.54  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND         | GLDMN SCHS FIN SQ GV-FST            | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  25310993 | NS      | $25310992.88  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| INCHCAPE PLC                                           | INCHCAPE PLC                        | CUSIP: N/A<br>LEI: 213800RGEH1MPPNM2T57       | Long             | EC               | CORP              | GB        |   1408491 | NS      | $13121068.63  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Loomis AB                                              | LOOMIS AB                           | CUSIP: N/A<br>LEI: 213800NS2XXVRYS7WP40       | Long             | EC               | CORP              | SE        |    375475 | NS      | $16054172.92  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Netmarble Corporation                                  | NETMARBLE CORP                      | CUSIP: N/A<br>LEI: 988400T1LQCQT8H5EO27       | Long             | EC               | CORP              | KR        |    378615 | NS      | $16671749.22  | 0.41%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SUGI HOLDINGS CO.,LTD.                                 | SUGI HOLDINGS CO LTD                | CUSIP: N/A<br>LEI: 529900N86BFWB1FADG87       | Long             | EC               | CORP              | JP        |    549700 | NS      | $13256681.44  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| TeamViewer SE                                          | TEAMVIEWER SE                       | CUSIP: N/A<br>LEI: 3912000FZ0R0KEK9JS42       | Long             | EC               | CORP              | DE        |    989292 | NS      | $10100624.66  | 0.25%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tokyo Tatemono Co., Ltd.                               | TOKYO TATEMONO CO LTD               | CUSIP: N/A<br>LEI: 529900RQA4JTW1869J86       | Long             | EC               | CORP              | JP        |    846900 | NS      | $16953225.00  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| LES VETEMENTS DE SPORT GILDAN INC.                     | GILDAN ACTIVEWEAR INC               | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |    252756 | NS      | $14604083.65  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                                            | PANDORA A S                         | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |    107551 | NS      | $14064116.13  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| IPSEN SA                                               | IPSEN SA                            | CUSIP: N/A<br>LEI: 549300M6SGDPB4Z94P11       | Long             | EC               | CORP              | FR        |    102212 | NS      | $13722907.63  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| VENTIA SERVICES GROUP LIMITED                          | VENTIA SERVICES GROUP PTY LTD       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   5368385 | NS      | $18137748.71  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| MAPFRE, S.A.                                           | MAPFRE SA                           | CUSIP: N/A<br>LEI: 95980020140005693107       | Long             | EC               | CORP              | ES        |   6255105 | NS      | $29689307.81  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                   | HSBC US GOVT MMKT-I                 | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  25310993 | NS      | $25310992.88  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyo Tire Corporation                                  | TOYO TIRE CORP                      | CUSIP: N/A<br>LEI: 529900Y41RD7VQM9RF75       | Long             | EC               | CORP              | JP        |    861200 | NS      | $22866806.97  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Nissan Chemical Corporation                            | NISSAN CHEMICAL CORP                | CUSIP: N/A<br>LEI: 3538002E4L1CUGJFFU25       | Long             | EC               | CORP              | JP        |    492900 | NS      | $17856467.20  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| ENDEAVOUR MINING PLC                                   | ENDEAVOUR MINING PLC                | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |    708080 | NS      | $29748010.64  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITECAP RESOURCES INC.                                | WHITECAP RESOURCES INC              | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |   4001451 | NS      | $30539281.08  | 0.75%             |  |  |  | No            |                  1 | On Loan: —       |
| KINDEN CORPORATION                                     | KINDEN CORP                         | CUSIP: N/A<br>LEI: 35380008T6JUN5TU9T34       | Long             | EC               | CORP              | JP        |    483200 | NS      | $16524744.23  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL UNIBREW A/S                                      | ROYAL UNIBREW A S                   | CUSIP: N/A<br>LEI: 529900D69KFL8IAP8Q63       | Long             | EC               | CORP              | DK        |    216068 | NS      | $16505862.81  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| CAIRN HOMES P.L.C                                      | CAIRN HOMES PLC                     | CUSIP: N/A<br>LEI: 635400DPX6WP2KKDOA83       | Long             | EC               | CORP              | IE        |   4542546 | NS      | $10238531.59  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Avanza Bank Holding AB                                 | AVANZA BANK HOLDING AB              | CUSIP: N/A<br>LEI: 549300MBWR5H8SIJLE03       | Long             | EC               | CORP              | SE        |    693035 | NS      | $25747304.99  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Boardwalk Real Estate Investment Trust                 | BOARDWALK REAL ESTATE INVEST        | CUSIP: 096631106<br>LEI: 549300RMNRTTJRCOYW23 | Long             |  | CORP              | CA        |    369368 | NS      | $18350276.56  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Magellan Financial Group Ltd                           | MAGELLAN FINANCIAL GROUP LTD        | CUSIP: N/A<br>LEI: 549300X5WFW6USQQ9U26       | Long             | EC               | CORP              | AU        |   2920268 | NS      | $18528437.04  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| TRAINLINE PLC                                          | TRAINLINE PLC                       | CUSIP: N/A<br>LEI: 213800HO26VXTFJ4MO71       | Long             | EC               | CORP              | GB        |   3646413 | NS      | $13643273.27  | 0.33%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DE ' LONGHI S.P.A.                                     | DE LONGHI SPA                       | CUSIP: N/A<br>LEI: 8156000E09A52C4F8A38       | Long             | EC               | CORP              | IT        |    360755 | NS      | $13080465.53  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                  | INVESCO GVT & AGNCY-INST            | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  25310993 | NS      | $25310992.88  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPUTACENTER PLC                                      | COMPUTACENTER PLC                   | CUSIP: N/A<br>LEI: 549300XSXUZ1I19DB105       | Long             | EC               | CORP              | GB        |    296991 | NS      | $10757948.85  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| KIWOOM Securities Co., Ltd.                            | KIWOOM SECURITIES CO LTD            | CUSIP: N/A<br>LEI: 988400O27CNGJA2QWJ18       | Long             | EC               | CORP              | KR        |     82226 | NS      | $14377070.44  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Galenica AG                                            | GALENICA AG                         | CUSIP: N/A<br>LEI: 506700W4772BD8016Z20       | Long             | EC               | CORP              | CH        |    217484 | NS      | $23679400.92  | 0.58%             |  |  |  | Yes           |                  2 | On Loan: No      |
| METHANEX CORPORATION                                   | METHANEX CORP                       | CUSIP: 59151K108<br>LEI: 549300TSJHRXT9QXRD13 | Long             | EC               | CORP              | CA        |    463925 | NS      | $18446978.26  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanwa Holdings Corporation                             | SANWA HOLDINGS CORP                 | CUSIP: N/A<br>LEI: 5299003X6BCA4ROO5A70       | Long             | EC               | CORP              | JP        |    915000 | NS      | $26161114.03  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| ICG PLC                                                | ICG PLC                             | CUSIP: N/A<br>LEI: 549300OGASR5WRKJ8R68       | Long             | EC               | CORP              | GB        |    595493 | NS      | $17876105.32  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Keppel DC REIT                                         | KEPPEL DC REIT                      | CUSIP: N/A<br>LEI: 254900L7YDIFLO15BD60       | Long             |  | RF                | SG        |   9348600 | NS      | $17339628.51  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTEER AUTOMOTIVE GROUP LIMITED                       | NEXTEER AUTOMOTIVE GROUP LTD        | CUSIP: N/A<br>LEI: 529900O9GGNBKMJ9UO48       | Long             | EC               | CORP              | KY        |  18960000 | NS      | $20805984.85  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                                             | ZALANDO SE                          | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               | CORP              | DE        |    688843 | NS      | $21136682.81  | 0.52%             |  |  |  | Yes           |                  2 | On Loan: No      |
| UMICORE SA                                             | UMICORE SA                          | CUSIP: N/A<br>LEI: 529900F3AIQECS8ZSV61       | Long             | EC               | CORP              | BE        |    531155 | NS      | $9483164.78   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinaxis Inc                                            | KINAXIS INC                         | CUSIP: 49448Q109<br>LEI: 5299009VAZ14K7PFUQ15 | Long             | EC               | CORP              | CA        |    118796 | NS      | $15337191.09  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PALADIN ENERGY LTD                                     | PALADIN ENERGY LTD                  | CUSIP: N/A<br>LEI: 549300M44UTJAP8J6B37       | Long             | EC               | CORP              | AU        |   2045262 | NS      | $11294010.25  | 0.28%             |  |  |  | No            |                  2 | On Loan: —       |
| Vanguard Tax Managed Fund FTSE Developed Markets ETF   | VANGUARD FTSE DEVELOPED MARKET      | CUSIP: 921943858<br>LEI: N/A                  | Long             |  | RF                | US        |    137233 | NS      | $8223001.36   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CURRYS PLC                                             | DIXONS CARPHONE PLC                 | CUSIP: N/A<br>LEI: 2138001E12GWLLDQQF16       | Long             | EC               | CORP              | GB        |   9677791 | NS      | $18211033.50  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| FLSMIDTH & CO. A/S                                     | FLSMIDTH COMPANY A S                | CUSIP: N/A<br>LEI: 213800MXXDGQ3ITPXI41       | Long             | EC               | CORP              | DK        |    222783 | NS      | $15685164.91  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| POONGSAN CORPORATION                                   | POONGSAN CORP                       | CUSIP: N/A<br>LEI: 2549007P08ZD5QJS1369       | Long             | EC               | CORP              | KR        |    304084 | NS      | $27091170.17  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| BENDIGO AND ADELAIDE BANK LIMITED                      | BENDIGO AND ADELAIDE BANK           | CUSIP: N/A<br>LEI: 549300Y9URD6W70K0360       | Long             | EC               | CORP              | AU        |   1857425 | NS      | $16045496.59  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Headwater Exploration Inc.                             | HEADWATER EXPLORATION INC           | CUSIP: 422096107<br>LEI: 549300XIU4JQ0GKLRG88 | Long             | EC               | CORP              | CA        |   3018332 | NS      | $16290099.40  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SANKYO CO., LTD.                                       | SANKYO CO LTD                       | CUSIP: N/A<br>LEI: 3538009H2R9ZBZAOAK48       | Long             | EC               | CORP              | JP        |   1487000 | NS      | $25837358.85  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Tilray Brands, Inc.                                    | TILRAY BRANDS INC                   | CUSIP: 88688T100<br>LEI: 549300Y4V60733TO1478 | Long             | EC               | CORP              | US        |         2 | NS      | $3.45         | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| REPLY S.P.A.                                           | REPLY SPA                           | CUSIP: N/A<br>LEI: 815600DAEFB0388F3521       | Long             | EC               | CORP              | IT        |    110855 | NS      | $15821992.92  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| IONOS Group SE                                         | IONOS GROUP SE                      | CUSIP: N/A<br>LEI: 391200NQNTF0AP2MP438       | Long             | EC               | CORP              | DE        |    273465 | NS      | $12796227.44  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| IMAX CORPORATION                                       | IMAX CORP                           | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |    688483 | NS      | $22547818.25  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyu Fudosan Holdings Corporation                     | TOKYU FUDOSAN HOLDINGS CORP         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   2371000 | NS      | $19599834.14  | 0.48%             |  |  |  | No            |                  2 | On Loan: —       |
| DKSH Holding AG                                        | DKSH HOLDING LIMITED                | CUSIP: N/A<br>LEI: 549300HUUUNHO6FJUS42       | Long             | EC               | CORP              | CH        |    169809 | NS      | $11557867.66  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland N.V.                                     | ASR NEDERLAND NV                    | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |    340369 | NS      | $23158940.86  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Buzzi SpA                                              | BUZZI UNICEM SPA                    | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |    579487 | NS      | $31928535.13  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Hugel, Inc.                                            | HUGEL INC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     51574 | NS      | $11083945.25  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| RESORTTRUST,INC.                                       | RESORTTRUST INC                     | CUSIP: N/A<br>LEI: 353800FM9MYWH105SE11       | Long             | EC               | CORP              | JP        |   1242300 | NS      | $15756969.76  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| THE UNITED LABORATORIES INTERNATIONAL HOLDINGS LIMITED | UNITED LABORATORIES INTERNATIONAL   | CUSIP: N/A<br>LEI: 2549007JL3XIH77JXN70       | Long             | EC               | CORP              | KY        |   9706000 | NS      | $18785407.07  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| MEIDENSHA CORPORATION                                  | MEIDENSHA CORP                      | CUSIP: N/A<br>LEI: 529900VFKHJPVURD7985       | Long             | EC               | CORP              | JP        |    320100 | NS      | $12707486.16  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| KANDENKO CO.,LTD.                                      | KANDENKO CO LTD                     | CUSIP: N/A<br>LEI: 35380080NSN7GCYZ3X14       | Long             | EC               | CORP              | JP        |    843500 | NS      | $23127758.96  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| SWCC Corporation                                       | SWCC SHOWA HOLDINGS CO LTD          | CUSIP: N/A<br>LEI: 353800A7RNYOC4KL4T49       | Long             | EC               | CORP              | JP        |    288300 | NS      | $15146057.09  | 0.37%             |  |  |  | No            |                  2 | On Loan: —       |
| TAIHEIYO CEMENT CORPORATION                            | TAIHEIYO CEMENT CORP                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    470100 | NS      | $12204311.10  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Ypsomed Holding AG                                     | YPSOMED HOLDING AG                  | CUSIP: N/A<br>LEI: 391200QLIOTTBNPNSI14       | Long             | EC               | CORP              | CH        |     25132 | NS      | $9971992.91   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| PARK24 Co., Ltd.                                       | PARK24 CO LTD                       | CUSIP: N/A<br>LEI: 549300LFG2WZWCWM4M68       | Long             | EC               | CORP              | JP        |   1057700 | NS      | $13513636.13  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| ROUND ONE Corporation                                  | ROUND ONE CORP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   1745200 | NS      | $15442905.92  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| HARBOUR ENERGY PLC                                     | HARBOUR ENERGY PLC                  | CUSIP: N/A<br>LEI: 213800YPC42DYBKVPF97       | Long             | EC               | CORP              | GB        |   6286280 | NS      | $17611491.96  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI ROTEM COMPANY                                  | HYUNDAI ROTEM CO LTD                | CUSIP: Y3R36Z108<br>LEI: 988400HB939UNHXTFY36 | Long             | EC               | CORP              | KR        |    146187 | NS      | $22856138.62  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Accelleron Industries AG                               | ACCELLERON INDUSTRIES AG            | CUSIP: N/A<br>LEI: 254900KS0MD2PAARXD14       | Long             | EC               | CORP              | CH        |    322015 | NS      | $27274898.69  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Bilfinger SE                                           | BILFINGER SE                        | CUSIP: N/A<br>LEI: 529900H0HULEN2BZ4604       | Long             | EC               | CORP              | DE        |    167259 | NS      | $18472556.98  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| ROCKWOOL A/S                                           | ROCKWOOL A S                        | CUSIP: N/A<br>LEI: 213800QRC7LNX935OZ09       | Long             | EC               | CORP              | DK        |    318238 | NS      | $11866123.14  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| TSUMURA & CO.                                          | TSUMURA CO                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    435600 | NS      | $10691739.09  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON EXPRESS HOLDINGS, INC.                          | NIPPON EXPRESS HOLDINGS CO LTD      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    708600 | NS      | $16089980.23  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| SANKYU INC.                                            | SANKYU INC                          | CUSIP: N/A<br>LEI: 529900QWTXZZEM1T5G75       | Long             | EC               | CORP              | JP        |    227300 | NS      | $12432091.19  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| BKW AG                                                 | BKW AG                              | CUSIP: N/A<br>LEI: 549300IE30SKTUO98Q38       | Long             | EC               | CORP              | CH        |     55258 | NS      | $11853907.27  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| INVESTEC PLC                                           | INVESTEC PLC                        | CUSIP: N/A<br>LEI: 2138007Z3U5GWDN3MY22       | Long             | EC               | CORP              | GB        |   2124205 | NS      | $15906571.65  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| INFRONEER Holdings Inc.                                | INFRONEER HOLDINGS INC              | CUSIP: N/A<br>LEI: 353800G6TWA2W0MY9K16       | Long             | EC               | CORP              | JP        |   1419300 | NS      | $14759649.61  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| TRITAX BIG BOX REIT PLC                                | TRITAX BIG BOX REIT PLC             | CUSIP: N/A<br>LEI: 213800L6X88MIYPVR714       | Long             | EC               | RF                | GB        |   7615208 | NS      | $14841250.57  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| SANTEN PHARMACEUTICAL CO., LTD.                        | SANTEN PHARMACEUTICAL CO LTD        | CUSIP: N/A<br>LEI: 529900TPT3I7C17MIM03       | Long             | EC               | CORP              | JP        |   1262700 | NS      | $14019096.75  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| AMP LIMITED                                            | AMP LIMITED                         | CUSIP: N/A<br>LEI: 5299000D93LTLU0UJR35       | Long             | EC               | CORP              | AU        |  14993679 | NS      | $16453809.55  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| WEBUILD S.P.A.                                         | WEBUILD SPA                         | CUSIP: N/A<br>LEI: 549300UKR289DF4UXQ47       | Long             | EC               | CORP              | IT        |   2840295 | NS      | $11822639.34  | 0.29%             |  |  |  | No            |                  2 | On Loan: —       |
| MILLICOM INTERNATIONAL CELLULAR S.A.                   | MILLICOM INTERNATIONAL CELLULAR SA  | CUSIP: L6388F110<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |    491644 | NS      | $23864399.76  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Eventim AG & Co. KGaA                              | CTS EVENTIM AG CO KGAA              | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               | CORP              | DE        |    155426 | NS      | $15256938.23  | 0.37%             |  |  |  | No            |                  2 | On Loan: —       |
| AZIMUT HOLDING S.P.A.                                  | AZIMUT HOLDING SPA                  | CUSIP: N/A<br>LEI: 81560025690EF8540635       | Long             | EC               | CORP              | IT        |    614271 | NS      | $23795818.44  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA Group Aktiengesellschaft                           | MG TECHNOLOGIES AG                  | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |    194401 | NS      | $14370649.56  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Anycolor Inc                                           | ANYCOLOR INC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    548800 | NS      | $20909252.76  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Heijmans N.V.                              | HEIJMANS NV                         | CUSIP: N/A<br>LEI: 724500OUE3PCA809DZ79       | Long             |  | CORP              | NL        |    165997 | NS      | $11556366.54  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| NCC Aktiebolag                                         | NCC AB                              | CUSIP: N/A<br>LEI: 213800WRGLW3CY4MHW53       | Long             | EC               | CORP              | SE        |    700861 | NS      | $16123320.65  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| BEAZLEY PLC                                            | BEAZLEY PLC                         | CUSIP: N/A<br>LEI: 213800VTOMUWD41GIT12       | Long             | EC               | CORP              | GB        |   2332094 | NS      | $28517211.05  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER HALL GROUP                                     | CHARTER HALL GROUP                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | AU        |   1451049 | NS      | $21803087.95  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| PharmaResearch Co., Ltd.                               | PHARMARESEARCH CO LTD               | CUSIP: N/A<br>LEI: 988400WCI2SXC6H7SG23       | Long             | EC               | CORP              | KR        |     68552 | NS      | $29469834.87  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| BPER BANCA S.P.A.                                      | BPER BANCA                          | CUSIP: N/A<br>LEI: N747OI7JINV7RUUH6190       | Long             | EC               | CORP              | IT        |   1884586 | NS      | $20958003.76  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG E&A CO.,LTD                                    | SAMSUNG E A CO LTD                  | CUSIP: N/A<br>LEI: 988400HDAY5KIVHGZ188       | Long             | EC               | CORP              | KR        |    570169 | NS      | $10901614.05  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| GS Yuasa Corporation                                   | GS YUASA CORP                       | CUSIP: N/A<br>LEI: 353800MW7O6PQQHLDR79       | Long             | EC               | CORP              | JP        |    904000 | NS      | $21358786.66  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKYO SEIMITSU CO.,LTD.                                | TOKYO SEIMITSU CO LTD               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    287900 | NS      | $19484563.88  | 0.48%             |  |  |  | No            |                  2 | On Loan: —       |
| Daicel Corporation                                     | DAICEL CORP                         | CUSIP: N/A<br>LEI: 353800ZG4XF6D7NZGS72       | Long             | EC               | CORP              | JP        |   1716400 | NS      | $15627751.39  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Belimo Holding AG                                      | BELIMO HOLDING AG                   | CUSIP: N/A<br>LEI: 506700339DLX749VEM23       | Long             | EC               | CORP              | CH        |     13150 | NS      | $13832543.36  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Leeno Industrial Inc                                   | LEENO INDUSTRIAL INC                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    405186 | NS      | $14900221.95  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| IREN S.P.A.                                            | IREN SPA                            | CUSIP: N/A<br>LEI: 8156001EBD33FD474E60       | Long             | EC               | CORP              | IT        |   4832746 | NS      | $14971609.51  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| BIRD CONSTRUCTION INC.                                 | BIRD CONSTRUCTION INC               | CUSIP: 09076P104<br>LEI: 549300P1WGG3QPKID017 | Long             | EC               | CORP              | CA        |    265494 | NS      | $5758252.91   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCA MONTE DEI PASCHI DI SIENA S.P.A.                 | BANCA MONTE DEI PASCHI DI SIENA SPA | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | EC               | CORP              | IT        |   2285075 | NS      | $20330469.95  | 0.50%             |  |  |  | No            |                  2 | On Loan: —       |
| VIRBAC SA                                              | VIRBAC S A                          | CUSIP: N/A<br>LEI: 969500QQ1X5XHG649644       | Long             | EC               | CORP              | FR        |     26657 | NS      | $9880438.35   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| TechnologyOne Ltd                                      | TECHNOLOGY ONE LTD                  | CUSIP: N/A<br>LEI: 875500YEWBJIM91P9N12       | Long             | EC               | CORP              | AU        |    541886 | NS      | $13791327.67  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Evonik Industries AG                                   | EVONIK INDUSTRIES AG                | CUSIP: N/A<br>LEI: 41GUOJQTALQHLF39XJ34       | Long             | EC               | CORP              | DE        |    433744 | NS      | $7541457.90   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| RAMELIUS RESOURCES LIMITED                             | RAMELIUS RESOURCES LTD              | CUSIP: N/A<br>LEI: 254900E44AIGW7KKNR98       | Long             | EC               | CORP              | AU        |  15970834 | NS      | $40667570.42  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| MGM China Holdings Limited                             | MGM CHINA HOLDINGS LIMITED          | CUSIP: N/A<br>LEI: 529900VZFN87OS7WJM66       | Long             | EC               | CORP              | KY        |   7937200 | NS      | $16924165.39  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| HORIBA,Ltd.                                            | HORIBA LTD                          | CUSIP: N/A<br>LEI: 529900OOTWPYSNW0EC84       | Long             | EC               | CORP              | JP        |    150100 | NS      | $12687718.33  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Aritzia Inc.                                           | ARITZIA INC                         | CUSIP: 04045U102<br>LEI: 549300U83HKFRL1EX527 | Long             | EC               | CORP              | CA        |    268395 | NS      | $16236788.43  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Avolta AG                                              | DUFRY AG REG                        | CUSIP: N/A<br>LEI: 549300X53WDBVW7TIF57       | Long             | EC               | CORP              | CH        |    267019 | NS      | $14582968.58  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| TEMENOS AG                                             | TEMENOS AG                          | CUSIP: N/A<br>LEI: 5067007NW6550481FH64       | Long             | EC               | CORP              | CH        |    158648 | NS      | $12887690.45  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| KEPPEL DC REIT RIGHTS                                  | KEPPEL DC REIT RIGHTS               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | SG        |    747888 | NS      | $86990.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARKEMA SA                                              | ARKEMA SA                           | CUSIP: N/A<br>LEI: 9695000EHMS84KKP2785       | Long             | EC               | CORP              | FR        |     15909 | NS      | $1008631.08   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola HBC AG                                       | COCA COLA HBC AG                    | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |    380932 | NS      | $17969171.01  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Saison Co.,Ltd.                                 | CREDIT SAISON CO LTD                | CUSIP: N/A<br>LEI: 529900SV58ZWTGRH3A66       | Long             | EC               | CORP              | JP        |    999800 | NS      | $26662148.41  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Open House Group Co.,LTD.                              | OPEN HOUSE GROUP CO LTD             | CUSIP: N/A<br>LEI: 529900WQOGPBIJEHW865       | Long             | EC               | CORP              | JP        |    246500 | NS      | $12755957.76  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| IBIDEN CO.,LTD.                                        | IBIDEN CO LTD                       | CUSIP: N/A<br>LEI: 52990051DBFIQEY37C91       | Long             | EC               | CORP              | JP        |    413400 | NS      | $25009110.50  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| JB FINANCIAL GROUP CO.,LTD                             | JB FINANCIAL GROUP CO LTD           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    758366 | NS      | $12439167.65  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Logista Integral, S.A.                                 | LOGISTA                             | CUSIP: N/A<br>LEI: 9598000ANNAL42UJ7X28       | Long             | EC               | CORP              | ES        |    379279 | NS      | $12881328.92  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| China Ruyi Holdings Limited                            | CHINA RUYI HOLDINGS LTD             | CUSIP: N/A<br>LEI: 984500976440498D1C06       | Long             | EC               | CORP              | BM        |  33628000 | NS      | $12818743.26  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| EASYJET PLC                                            | EASYJET PLC                         | CUSIP: N/A<br>LEI: 2138001S47XKWIB7TH90       | Long             | EC               | CORP              | GB        |   1523147 | NS      | $9521919.21   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Sulzer AG                                              | SULZER AG                           | CUSIP: N/A<br>LEI: 529900NZ6MAST5IJF669       | Long             | EC               | CORP              | CH        |    160201 | NS      | $27313467.22  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio                             | MSILF GOVERNMENT-INST               | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  25310993 | NS      | $25310992.87  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Swissquote Group Holding SA                            | SWISSQUOTE GROUP HOLDING SA         | CUSIP: N/A<br>LEI: 549300O3WME82RDPEN66       | Long             | EC               | CORP              | CH        |     81443 | NS      | $57299302.06  | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| TUI AG                                                 | TUI AG                              | CUSIP: N/A<br>LEI: 529900SL2WSPV293B552       | Long             | EC               | CORP              | DE        |   2445266 | NS      | $22309654.90  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| RIGHTMOVE PLC                                          | RIGHTMOVE PLC                       | CUSIP: N/A<br>LEI: 2138001JXGCFKBXYB828       | Long             | EC               | CORP              | GB        |   1546005 | NS      | $14761912.07  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Adecco Group AG                                        | ADECCO GROUP AG                     | CUSIP: N/A<br>LEI: NI14Y5UMU60O7JE9P611       | Long             | EC               | CORP              | CH        |    469416 | NS      | $13227174.49  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Logitech international S.A.                            | LOGITECH INTERNATIONAL SA           | CUSIP: N/A<br>LEI: 549300SN6PRK6IJJC215       | Long             | EC               | CORP              | CH        |    100858 | NS      | $11096310.09  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Sportradar Group AG                                    | SPORTRADAR GROUP AG                 | CUSIP: H8088L103<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |    420258 | NS      | $11304940.20  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| KOLMAR KOREA CO.,LTD                                   | KOLMAR KOREA CO LTD                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    194577 | NS      | $10786893.15  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| FOOD & LIFE COMPANIES LTD.                             | FOOD LIFE COMPANIES LTD             | CUSIP: N/A<br>LEI: 529900CWF7GCVZKS5M87       | Long             | EC               | CORP              | JP        |    388000 | NS      | $20257833.30  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| NITTO BOSEKI CO., LTD.                                 | NITTO BOSEKI CO LTD                 | CUSIP: N/A<br>LEI: 3538005B13YMJ9BWQO82       | Long             | EC               | CORP              | JP        |    424100 | NS      | $18902050.10  | 0.46%             |  |  |  | No            |                  2 | On Loan: —       |
| Entain plc                                             | ENTAIN PLC                          | CUSIP: N/A<br>LEI: 213800GNI3K45LQR8L28       | Long             | EC               | CORP              | IM        |   1601778 | NS      | $18927745.68  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Technip Energies N.V.                                  | TECHNIP ENERGIES NV                 | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | NL        |    589022 | NS      | $27794593.45  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| BALFOUR BEATTY PLC                                     | BALFOUR BEATTY PLC                  | CUSIP: N/A<br>LEI: CT4UIJ3TUKGYYHMENQ17       | Long             | EC               | CORP              | GB        |   2918987 | NS      | $25484793.98  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Tohoku Electric Power Company, Incorporated            | TOHOKU ELECTRIC POWER CO INC        | CUSIP: N/A<br>LEI: 353800KTF7EYIIYHY088       | Long             | EC               | CORP              | JP        |   1142800 | NS      | $8298696.98   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| OceanaGold Corporation                                 | OCEANAGOLD CORP                     | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |   2196325 | NS      | $46893866.87  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| KLEPIERRE SA                                           | KLEPIERRE SA                        | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |    759529 | NS      | $29648180.93  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Morinaga Milk Industry Co., Ltd.                       | MORINAGA MILK INDUSTRY CO LTD       | CUSIP: N/A<br>LEI: 529900FB91P7MVO08949       | Long             | EC               | CORP              | JP        |    541800 | NS      | $12689849.14  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| NUVISTA ENERGY LTD.                                    | NUVISTA ENERGY LTD                  | CUSIP: 67072Q104<br>LEI: 549300MG32TDSM60SX75 | Long             | EC               | CORP              | CA        |   1391762 | NS      | $16083027.64  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| UOL GROUP LIMITED                                      | UOL GROUP LTD                       | CUSIP: N/A<br>LEI: 254900O9PRCWTMR86R25       | Long             | EC               | CORP              | SG        |   2875500 | NS      | $17423350.90  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| freenet AG                                             | FREENET AG                          | CUSIP: N/A<br>LEI: 5299003GLDODCVP8DO20       | Long             | EC               | CORP              | DE        |    609234 | NS      | $19489299.88  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| BE Semiconductor Industries N.V.                       | BE SEMICONDUCTOR INDUSTRIES         | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |    127709 | NS      | $19119521.33  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| BOMBARDIER INC.                                        | BOMBARDIER INC                      | CUSIP: 097751861<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | EC               | CORP              | CA        |     99245 | NS      | $13909990.91  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYODA GOSEI CO., LTD.                                 | TOYODA GOSEI CO LTD                 | CUSIP: N/A<br>LEI: 353800ZV4HXVM4DWPO50       | Long             | EC               | CORP              | JP        |    759200 | NS      | $18856574.49  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Oyj                                              | ORION OYJ                           | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |    295392 | NS      | $22675397.31  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| BANKINTER, S.A.                                        | BANKINTER SA                        | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |   3007705 | NS      | $47540751.71  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Bechtle AG                                             | BECHTLE AG                          | CUSIP: N/A<br>LEI: 529900HA2QT774RUXW59       | Long             | EC               | CORP              | DE        |    290640 | NS      | $13434242.81  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Hotel REIT Investment Corporation                | JAPAN HOTEL REIT INVESTMENT CORP    | CUSIP: N/A<br>LEI: 353800L8KG849FP1JI68       | Long             | EC               | CORP              | JP        |     16216 | NS      | $9776463.15   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| WEIR GROUP PLC(THE)                                    | WEIR GROUP PLC THE                  | CUSIP: G95248137<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |    360163 | NS      | $13283478.83  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| SAWAI GROUP HOLDINGS Co., Ltd.                         | SAWAI GROUP HOLDINGS CO LTD         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   1029900 | NS      | $13995098.77  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| SANIL ELECTRIC CO., LTD.                               | SANIL ELECTRIC CO LTD               | CUSIP: N/A<br>LEI: 988400KW0ZAP6QNYIX16       | Long             | EC               | CORP              | KR        |    189065 | NS      | $14886730.12  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Konecranes Abp                                         | KONECRANES OYJ                      | CUSIP: N/A<br>LEI: 549300EF0CDEQZBMA096       | Long             | EC               | CORP              | FI        |    354740 | NS      | $29364931.29  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| ISU Petasys Co., Ltd.                                  | ISUPETASYS CO LTD                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    335555 | NS      | $17122338.65  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| DRAX GROUP PLC                                         | DRAX GROUP PLC                      | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |   1986716 | NS      | $18734089.93  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| LONDONMETRIC PROPERTY PLC                              | LONDONMETRIC PROPERTY PLC           | CUSIP: N/A<br>LEI: 213800OCERWWPQDURL87       | Long             | EC               | CORP              | GB        |   7376818 | NS      | $18070784.11  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| IMI PLC                                                | IMI PLC                             | CUSIP: N/A<br>LEI: 2138002W9Q21PF751R30       | Long             | EC               | CORP              | GB        |    511481 | NS      | $15795663.91  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| PAL Group Holdings Co Ltd                              | PAL GROUP HOLDINGS CO LTD           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    894500 | NS      | $15203980.13  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| MDA SPACE LTD                                          | MDA SPACE LTD                       | CUSIP: 55293N109<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    511051 | NS      | $12729448.55  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| EIFFAGE SA                                             | EIFFAGE SA                          | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |    195618 | NS      | $25058993.00  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKYO OHKA KOGYO CO., LTD.                             | TOKYO OHKA KOGYO CO LTD             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    590300 | NS      | $19291459.86  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| BAVARIAN NORDIC A/S                                    | BAVARIAN NORDIC A S                 | CUSIP: N/A<br>LEI: 2138006JCDVYIN6INP51       | Long             | EC               | CORP              | DK        |    337382 | NS      | $12171416.45  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyosung Heavy Industries Corporation                   | HYOSUNG HEAVY INDUSTRIES CORP       | CUSIP: N/A<br>LEI: 988400IDLF9EQ95M0928       | Long             | EC               | CORP              | KR        |     27145 | NS      | $26050227.13  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| ST. JAMES'S PLACE PLC                                  | ST JAMES S PLACE PLC                | CUSIP: N/A<br>LEI: 213800M993ICXOMBCP87       | Long             | EC               | CORP              | GB        |   1410888 | NS      | $24144473.07  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| BRP Inc.                                               | BRP INC CA                          | CUSIP: 05577W200<br>LEI: 529900EPQGESIRCPY551 | Long             | EC               | CORP              | CA        |      5531 | NS      | $336351.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Storskogen Group AB (publ)                             | STORSKOGEN GROUP AB                 | CUSIP: W91106117<br>LEI: 549300DL3K4HLJ41KD24 | Long             | EC               | CORP              | SE        |   9268227 | NS      | $9471331.11   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| DO & CO Aktiengesellschaft                             | DO CO AG                            | CUSIP: N/A<br>LEI: 5299002NFQKOBT1E8569       | Long             | EC               | CORP              | AT        |     53940 | NS      | $14082387.31  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ABC-MART,INC.                                          | ABC MART INC                        | CUSIP: N/A<br>LEI: 353800AXWW4CMTSJWL33       | Long             | EC               | CORP              | JP        |    637500 | NS      | $12646734.21  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| MAIRE S.P.A.                                           | MAIRE TECNIMONT SPA                 | CUSIP: N/A<br>LEI: 815600D85A61200A1B83       | Long             | EC               | CORP              | IT        |   1013556 | NS      | $15031669.65  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| SOPRA STERIA GROUP SA                                  | SOPRA STERIA GROUP                  | CUSIP: N/A<br>LEI: 96950020QIOHAAK9V551       | Long             | EC               | CORP              | FR        |     96462 | NS      | $18408834.67  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| SPIE SA                                                | SPIE SA                             | CUSIP: N/A<br>LEI: 969500TJNS5GSFWJ8X85       | Long             | EC               | CORP              | FR        |    575824 | NS      | $31126030.25  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| FINNING INTERNATIONAL INC.                             | FINNING INTERNATIONAL INC           | CUSIP: 318071404<br>LEI: 549300QLDCP11KB6XW55 | Long             | EC               | CORP              | CA        |    638797 | NS      | $29678926.37  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Netcompany Group A/S                                   | NETCOMPANY GROUP AS                 | CUSIP: N/A<br>LEI: 5299006DEGAWX1Z1X779       | Long             | EC               | CORP              | DK        |    254118 | NS      | $9692169.17   | 0.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nippon Electric Glass Co., Ltd.                        | NIPPON ELECTRIC GLASS CO LTD        | CUSIP: N/A<br>LEI: 529900NCIGSAX4V03234       | Long             | EC               | CORP              | JP        |    525400 | NS      | $17228316.12  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| SANDFIRE RESOURCES LIMITED                             | SANDFIRE RESOURCES LTD              | CUSIP: N/A<br>LEI: 213800ZW52P23FVH1V47       | Long             | EC               | CORP              | AU        |   2146226 | NS      | $20238136.14  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronext N.V.                                          | EURONEXT NV                         | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |    182021 | NS      | $27247184.43  | 0.67%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BORALEX INC.                                           | BORALEX INC                         | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Long             | EC               | CORP              | CA        |    539106 | NS      | $10526417.55  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BIPROGY Inc.                                           | BIPROGY INC                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    348900 | NS      | $14235122.70  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Kardex Holding AG                                      | KARDEX HOLDING AG                   | CUSIP: N/A<br>LEI: 529900JKKMQ07D6QZ480       | Long             | EC               | CORP              | CH        |     29865 | NS      | $11671490.55  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| TAG Immobilien AG                                      | TAG IMMOBILIEN AG                   | CUSIP: N/A<br>LEI: 529900TAE68USJNXLR59       | Long             | EC               | CORP              | DE        |   1430066 | NS      | $24737695.85  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| FUJI CORPORATION                                       | FUJI CORP AICHI                     | CUSIP: N/A<br>LEI: 353800G4VS3QLM6BSX66       | Long             | EC               | CORP              | JP        |    706400 | NS      | $12867606.98  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Bakelite Company Limited                      | SUMITOMO BAKELITE CO LTD            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    420400 | NS      | $14080520.84  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ASCENDIS PHARMA A/S                                    | ASCENDIS PHARMA A S ADR             | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             |  | CORP              | DK        |     80546 | NS      | $16013350.26  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| VERMILION ENERGY INC.                                  | VERMILION ENERGY INC                | CUSIP: 923725105<br>LEI: 8945009D1HGCJC8M8A68 | Long             | EC               | CORP              | CA        |   1715920 | NS      | $13404276.25  | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| INDIVIOR PLC                                           | INDIVIOR PLC                        | CUSIP: G4766E116<br>LEI: 213800V3NCQTY7IED471 | Long             | EC               | CORP              | GB        |    531253 | NS      | $12808509.83  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ALGONQUIN POWER & UTILITIES CORP.                      | ALGONQUIN POWER UTILITIES CORP      | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |   3128463 | NS      | $16817034.31  | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| KION GROUP AG                                          | KION GROUP AG                       | CUSIP: N/A<br>LEI: 5299005KY91C4C6U9H17       | Long             | EC               | CORP              | DE        |    189861 | NS      | $12879589.37  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| CONVATEC GROUP PLC                                     | CONVATEC GROUP PLC                  | CUSIP: N/A<br>LEI: 213800LS272L4FIDOH92       | Long             | EC               | CORP              | GB        |   4834455 | NS      | $15092154.76  | 0.37%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ORICA LIMITED                                          | ORICA LTD                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1417507 | NS      | $19790386.41  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| MERLIN Properties SOCIMI, S.A.                         | MERLIN PROPERTIES SOCIMI SA         | CUSIP: N/A<br>LEI: 959800L8KD863DP30X04       | Long             | EC               | CORP              | ES        |   1783527 | NS      | $27005831.60  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamaguchi Financial Group, Inc.                        | YAMAGUCHI FINANCIAL GROUP INC       | CUSIP: N/A<br>LEI: 353800898JPV95YSY548       | Long             | EC               | CORP              | JP        |   1713400 | NS      | $20805254.60  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| BRITISH LAND COMPANY PUBLIC LIMITED COMPANY(THE)       | BRITISH LAND CO PLC                 | CUSIP: N/A<br>LEI: RV5B68J2GV3QGMRPW209       | Long             | EC               | CORP              | GB        |   3195281 | NS      | $15021792.86  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| JB HI-FI LIMITED                                       | JB HI FI LTD                        | CUSIP: N/A<br>LEI: 529900TPC8H040Y3ZQ65       | Long             | EC               | CORP              | AU        |    355706 | NS      | $27291311.08  | 0.67%             |  |  |  | No            |                  2 | On Loan: —       |
| Lundin Gold Inc.                                       | LUNDIN GOLD INC                     | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |    299449 | NS      | $19404467.36  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SCATEC ASA                                             | SCATEC ASA                          | CUSIP: N/A<br>LEI: 5967007LIEEXZXIARK36       | Long             | EC               | CORP              | NO        |   1174071 | NS      | $11595002.57  | 0.28%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CRANSWICK PLC                                          | CRANSWICK PLC                       | CUSIP: N/A<br>LEI: 549300LDZLPU51XOSK43       | Long             | EC               | CORP              | GB        |    207096 | NS      | $13997681.68  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ELIS SA                                                | ELIS SA                             | CUSIP: N/A<br>LEI: 969500UX71LCE8MAY492       | Long             | EC               | CORP              | FR        |    871127 | NS      | $25141247.74  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| KANEKA CORPORATION                                     | KANEKA CORP                         | CUSIP: N/A<br>LEI: 529900FWWCF6RY313R16       | Long             | EC               | CORP              | JP        |    326800 | NS      | $9295433.09   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| COVIVIO SA                                             | COVIVIO                             | CUSIP: N/A<br>LEI: 969500P8M3W2XX376054       | Long             | EC               | CORP              | FR        |    269890 | NS      | $18188101.33  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ANRITSU CORPORATION                                    | ANRITSU CORP                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   1085500 | NS      | $13817252.73  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| JET2 PLC                                               | JET2 PLC                            | CUSIP: N/A<br>LEI: I72RQ3PNLDPW8R7JIJ56       | Long             | EC               | CORP              | GB        |    638121 | NS      | $12179562.97  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| CELESTICA INC.                                         | CELESTICA INC                       | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |    207477 | NS      | $51063347.60  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| EBARA CORPORATION                                      | EBARA CORP                          | CUSIP: N/A<br>LEI: 353800UV8U3SOMCDTI49       | Long             | EC               | CORP              | JP        |    898200 | NS      | $20476129.71  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Colruyt Group NV                                       | COLRUYT GROUP N V                   | CUSIP: N/A<br>LEI: 5493000O0NZ1BCXO8K39       | Long             | EC               | CORP              | BE        |    300727 | NS      | $11853184.40  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Swiss Property AG                                  | PSP SWISS PROPERTY AG               | CUSIP: N/A<br>LEI: 50670042Y437P8X44F56       | Long             | EC               | CORP              | CH        |    168661 | NS      | $29023799.08  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| NHK SPRING CO., LTD.                                   | NHK SPRING CO LTD                   | CUSIP: N/A<br>LEI: 35380033IJ3XRDV8VH57       | Long             | EC               | CORP              | JP        |   1369100 | NS      | $20560499.00  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| CLASSYS Inc.                                           | CLASSYS INC                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    470747 | NS      | $16976669.90  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUI E&S Co., Ltd.                                   | MITSUI E S CO LTD                   | CUSIP: N/A<br>LEI: 5493007T2YKKWF2NYN82       | Long             | EC               | CORP              | JP        |    474500 | NS      | $14316890.32  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer