# EDGAR Filing Document

**Accession Number:** 0000052848
**File Stem:** 0001752724-23-016380
**Filing Date:** 2023-1
**Character Count:** 58729
**Document Hash:** 244b823b0a358a68b7117cd3acc73b20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-016380.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001752724-23-016380

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD WORLD FUND
- **CENTRAL INDEX KEY:** 0000052848
- **IRS NUMBER:** 046035483
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01027
- **FILM NUMBER:** 23561716

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD WORLD FUNDS
- **DATE OF NAME CHANGE:** 20020402

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD WORLD FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IVEST FUND INC
- **DATE OF NAME CHANGE:** 19850923

## Series and Classes Contracts Data

### Vanguard Materials Index Fund (Series ID: S000004441)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000012205 | Admiral Shares | VMIAX           |
| C000012206 | ETF Shares     | VAW             |

## Nport-Ex

Vanguard<sup>®</sup> Materials Index Fund

#### Schedule of Investments (unaudited)
As of November 30, 2022

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
| **Common Stocks (99.9%)** | **Common Stocks (99.9%)** | **Common Stocks (99.9%)** | **Common Stocks (99.9%)** |
| **Chemicals (63.4%)** | **Chemicals (63.4%)** | **Chemicals (63.4%)** | **Chemicals (63.4%)** |
|  | Linde plc | 1703645 | 573242 |
|  | Air Products and Chemicals Inc. | 758217 | 235169 |
|  | Sherwin-Williams Co. | 841739 | 209744 |
|  | Corteva Inc. | 2456377 | 164970 |
|  | Ecolab Inc. | 876918 | 131389 |
|  | Dow Inc. | 2455257 | 125144 |
|  | DuPont de Nemours Inc. | 1712628 | 120757 |
|  | Albemarle Corp. | 400437 | 111317 |
|  | PPG Industries Inc. | 803460 | 108644 |
|  | International Flavors & Fragrances Inc. | 871651 | 92238 |
|  | LyondellBasell Industries NV Class A | 892210 | 75847 |
|  | CF Industries Holdings Inc. | 681170 | 73696 |
|  | Mosaic Co. | 1180382 | 60554 |
|  | FMC Corp. | 430574 | 56250 |
|  | RPM International Inc. | 441174 | 45714 |
|  | Celanese Corp. Class A | 370621 | 39768 |
|  | Eastman Chemical Co. | 420183 | 36396 |
|  | Olin Corp. | 470983 | 26837 |
| <sup>\*</sup> | Axalta Coating Systems Ltd. | 753352 | 20220 |
|  | Valvoline Inc. | 604590 | 19939 |
|  | Ashland Inc. | 175659 | 19651 |
| <sup>\*</sup> | Livent Corp. | 612353 | 17140 |
|  | Chemours Co. | 529923 | 16454 |
|  | Huntsman Corp. | 584712 | 16243 |
|  | Element Solutions Inc. | 798213 | 15613 |
|  | Balchem Corp. | 109708 | 15447 |
|  | HB Fuller Co. | 181579 | 14583 |
|  | Cabot Corp. | 192294 | 14157 |
|  | Westlake Corp. | 131117 | 14115 |
|  | Avient Corp. | 310681 | 10753 |
|  | Sensient Technologies Corp. | 143587 | 10727 |
| <sup>\*</sup> | Ingevity Corp. | 129954 | 10171 |
|  | Innospec Inc. | 84654 | 9387 |
|  | Stepan Co. | 76167 | 8498 |
|  | Quaker Chemical Corp. | 42876 | 8438 |
|  | NewMarket Corp. | 25639 | 8102 |
|  | Scotts Miracle-Gro Co. | 141973 | 7941 |
|  | Minerals Technologies Inc. | 111059 | 6696 |
|  | Tronox Holdings plc Class A | 396675 | 5605 |
| <sup>\*,1</sup> | Ginkgo Bioworks Holdings Inc. | 2803420 | 5579 |
| <sup>\*</sup> | Perimeter Solutions SA | 500023 | 5420 |
|  | AdvanSix Inc. | 95507 | 3931 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
|  | Orion Engineered Carbons SA | 208680 | 3919 |
|  | Mativ Holdings Inc. | 187586 | 3896 |
|  | Hawkins Inc. | 65086 | 2708 |
| <sup>\*</sup> | LSB Industries Inc. | 175258 | 2704 |
|  | Chase Corp. | 27549 | 2617 |
| <sup>\*</sup> | Ecovyst Inc. | 272978 | 2536 |
| <sup>\*</sup> | Aspen Aerogels Inc. | 195594 | 2359 |
|  | Trinseo plc | 95616 | 2357 |
|  | Koppers Holdings Inc. | 71682 | 2135 |
| <sup>\*</sup> | Origin Materials Inc. | 367845 | 2049 |
| <sup>\*</sup> | PureCycle Technologies Inc. | 280517 | 1947 |
| <sup>\*</sup> | Diversey Holdings Ltd. | 273035 | 1403 |
| <sup>\*</sup> | Intrepid Potash Inc. | 36742 | 1325 |
| <sup>\*,1</sup> | Amyris Inc. | 597347 | 1033 |
| <sup>\*,1</sup> | Danimer Scientific Inc. | 313484 | 834 |
|  | Kronos Worldwide Inc. | 77911 | 718 |
|  |  |  | **2607026** |
| **Construction Materials (4.7%)** | **Construction Materials (4.7%)** | **Construction Materials (4.7%)** | **Construction Materials (4.7%)** |
|  | Vulcan Materials Co. | 454377 | 83301 |
|  | Martin Marietta Materials Inc. | 213290 | 78166 |
|  | Eagle Materials Inc. | 128728 | 17551 |
| <sup>\*</sup> | Summit Materials Inc. Class A | 404127 | 12241 |
|  |  |  | **191259** |
| **Containers & Packaging (11.9%)** | **Containers & Packaging (11.9%)** | **Containers & Packaging (11.9%)** | **Containers & Packaging (11.9%)** |
|  | Amcor plc | 5089311 | 62853 |
|  | Ball Corp. | 1074573 | 60262 |
|  | Avery Dennison Corp. | 277801 | 53707 |
|  | International Paper Co. | 1175765 | 43644 |
|  | Packaging Corp. of America | 320479 | 43550 |
|  | Crown Holdings Inc. | 414372 | 34065 |
|  | Westrock Co. | 869716 | 32980 |
|  | Sealed Air Corp. | 496828 | 26446 |
|  | Berry Global Group Inc. | 427322 | 25041 |
|  | Graphic Packaging Holding Co. | 1053157 | 24202 |
|  | AptarGroup Inc. | 223162 | 23686 |
|  | Sonoco Products Co. | 333013 | 20437 |
|  | Silgan Holdings Inc. | 301852 | 15968 |
| <sup>\*</sup> | O-I Glass Inc. | 531848 | 8728 |
|  | Greif Inc. Class A | 90941 | 6394 |
|  | TriMas Corp. | 143934 | 3937 |
|  | Myers Industries Inc. | 105873 | 2471 |
|  | Pactiv Evergreen Inc. | 151421 | 1763 |
| <sup>\*</sup> | Ranpak Holdings Corp. Class A | 145469 | 787 |
|  |  |  | **490921** |
| **Metals & Mining (19.3%)** | **Metals & Mining (19.3%)** | **Metals & Mining (19.3%)** | **Metals & Mining (19.3%)** |
|  | Freeport-McMoRan Inc. | 4886605 | 194487 |
|  | Nucor Corp. | 895017 | 134208 |
|  | Newmont Corp. | 2713183 | 128795 |
|  | Steel Dynamics Inc. | 624409 | 64895 |
|  | Reliance Steel & Aluminum Co. | 206149 | 43557 |
|  | Alcoa Corp. | 615487 | 30854 |
| <sup>\*</sup> | Cleveland-Cliffs Inc. | 1767110 | 27355 |
|  | Royal Gold Inc. | 224201 | 25185 |
|  | Commercial Metals Co. | 412241 | 20291 |
|  | US Steel Corp. | 598368 | 15731 |
| <sup>\*</sup> | ATI Inc. | 443670 | 13536 |
|  | Hecla Mining Co. | 1922529 | 10478 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
|  | Alpha Metallurgical Resources Inc. | 56210 | 9625 |
| <sup>\*</sup> | MP Materials Corp. | 272958 | 9076 |
| <sup>\*</sup> | Arconic Corp. | 350733 | 8358 |
|  | Carpenter Technology Corp. | 165014 | 6775 |
|  | Warrior Met Coal Inc. | 176411 | 6495 |
|  | Worthington Industries Inc. | 109890 | 6235 |
|  | Materion Corp. | 70126 | 5649 |
|  | Compass Minerals International Inc. | 116948 | 5187 |
|  | Kaiser Aluminum Corp. | 54472 | 4924 |
| <sup>\*</sup> | Piedmont Lithium Inc. | 61678 | 3556 |
| <sup>\*</sup> | Coeur Mining Inc. | 966263 | 3382 |
|  | Schnitzer Steel Industries Inc. Class A | 88599 | 3042 |
| <sup>\*</sup> | TimkenSteel Corp. | 133318 | 2493 |
|  | SunCoke Energy Inc. | 285556 | 2416 |
|  | Ryerson Holding Corp. | 57008 | 1681 |
| <sup>\*</sup> | Century Aluminum Co. | 169408 | 1526 |
|  | 5E Advanced Materials Inc. | 111156 | 1245 |
|  | Ramaco Resources Inc. | 74646 | 855 |
|  |  |  | **791892** |
| **Paper & Forest Products (0.6%)** | **Paper & Forest Products (0.6%)** | **Paper & Forest Products (0.6%)** | **Paper & Forest Products (0.6%)** |
|  | Louisiana-Pacific Corp. | 252281 | 16096 |
|  | Sylvamo Corp. | 135593 | 7334 |
|  | Mercer International Inc. | 148217 | 2045 |
|  | Glatfelter Corp. | 41363 | 144 |
|  |  |  | **25619** |
| **Total Common Stocks (Cost $3,879,954)** | **Total Common Stocks (Cost $3,879,954)** | **Total Common Stocks (Cost $3,879,954)** | **4106717** |
| **Temporary Cash Investments (0.1%)** | **Temporary Cash Investments (0.1%)** | **Temporary Cash Investments (0.1%)** | **Temporary Cash Investments (0.1%)** |
| **Money Market Fund (0.1%)** | **Money Market Fund (0.1%)** | **Money Market Fund (0.1%)** | **Money Market Fund (0.1%)** |
| <sup>2,3</sup> | Vanguard Market Liquidity Fund, 3.877% **(Cost $3,047)** | 30482 | **3048** |
| **Total Investments (100.0%) (Cost $3,883,001)** | **Total Investments (100.0%) (Cost $3,883,001)** | **Total Investments (100.0%) (Cost $3,883,001)** | **4109765** |
| **Other Assets and Liabilities—Net (0.0%)** | **Other Assets and Liabilities—Net (0.0%)** | **Other Assets and Liabilities—Net (0.0%)** | **1364** |
| **Net Assets (100.0%)** | **Net Assets (100.0%)** | **Net Assets (100.0%)** | **4111129** |
| Cost is in $000. | Cost is in $000. | Cost is in $000. | Cost is in $000. |

---

---

| | |
|:---|:---|
| \* | Non-income-producing security. |
| 1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $2,484,000. |
| 2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 3 | Collateral of $2,675,000 was received for securities on loan. |

---

------

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

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps |
| Reference Entity | Termination<br> Date | Counterparty | Notional<br> Amount<br> ($000) | Floating<br> Interest Rate<br> Received<br> (Paid)<sup>1</sup><br> (%) | Value and<br> Unrealized<br> Appreciation<br> ($000) | Value and<br> Unrealized<br> (Depreciation)<br> ($000) |
| US Steel Corp. | 8/31/23 | BANA | 5573 | (3.776) |  | (3) |

---

1 Based on 1M USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. <br> 1M—1-month. <br> BANA—Bank of America, N.A.

------

A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities' primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.

B. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks in the fund's target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.

A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund's maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty's default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.

Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.

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

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

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

------

The following table summarizes the market value of the fund's investments and derivatives as of November 30, 2022, based on the inputs used to value them:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1<br> ($000) | &nbsp;&nbsp;&nbsp;Level 2<br> ($000) | &nbsp;&nbsp;&nbsp;Level 3<br> ($000) | &nbsp;&nbsp;&nbsp;Total<br> ($000) |
| **Investments** |  |  |  |  |
| Assets |  |  |  |  |
| Common Stocks | 4106717 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;4106717 |
| Temporary Cash Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3048 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3048 |
| Total | 4109765 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;4109765 |
| **Derivative Financial Instruments** |  |  |  |  |
| Liabilities |  |  |  |  |
| Swap Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VANGUARD WORLD FUND

- **b. Investment Company Act file number:** 811-01027

- **c. CIK number of Registrant:** 0000052848

- **d. LEI of Registrant:** 549300MP6BT0L4Q61L10

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

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

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

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

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

- **a. Name of Series:** VANGUARD MATERIALS INDEX FUND

- **b. EDGAR series identifier (if any):** S000004441

- **c. LEI of Series:** Q9XZSLKCKK5RO4CDT154

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $4115305261.53

**Total Liabilities:** $3545048.00

**Net Assets:** $4111760213.53

**Cash Not Reported:** $42106.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012205 | -10.25%              | 9.68%                | 11.24%               |
| Class ID C000012206 | -10.27%              | 9.68%                | 11.24%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14905798.69             | $-414117980.05                             |
| Month 2  | $9333229.52              | $315731026.29                              |
| Month 3  | $2137627.84              | $398084496.76                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dow Inc                                           | DOW INC                                  | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |   2465316 | NS      | $125657156.52 | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                                      | INNOSPEC INC                             | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |     84171 | NS      | $9333722.19   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                             | ELEMENT SOLUTION                         | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    798213 | NS      | $15613046.28  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Minerals International Inc                | COMPASS MINERALS                         | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |    115961 | NS      | $5142870.35   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp                         | CARPENTER TECH                           | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |    163051 | NS      | $6694874.06   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Schnitzer Steel Industries Inc                    | SCHNITZER STEEL                          | CUSIP: 806882106<br>LEI: 549300F62TK8VRDSM285 | Long             | EC               | CORP              | US        |     88599 | NS      | $3041603.67   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | Receive US STEEL CORP Pay Overnight Rate | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |    212000 | NC      | $1257160.00   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Century Aluminum Co                               | CENTURY ALUMINUM                         | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |    169408 | NS      | $1526366.08   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                            | INTL PAPER CO                            | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |   1192463 | NS      | $44264226.56  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Materials Inc                              | ORIGIN MATERIALS                         | CUSIP: 68622D106<br>LEI: 549300VMLEEM8BI4DD65 | Long             | EC               | CORP              | US        |    360518 | NS      | $2008085.26   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass Inc                                     | O-I GLASS INC                            | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    528371 | NS      | $8670568.11   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Mativ Holdings Inc                                | MATIV INC                                | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               | CORP              | US        |    182664 | NS      | $3793931.28   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TimkenSteel Corp                                  | TIMKENSTEEL                              | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |    133318 | NS      | $2493046.60   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                                    | ROYAL GOLD INC                           | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |    222233 | NS      | $24963432.89  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Kronos Worldwide Inc                              | KRONOS WORLDWIDE                         | CUSIP: 50105F105<br>LEI: 549300OBZ34C65APL277 | Long             | EC               | CORP              | US        |     77911 | NS      | $717560.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Lithium Inc                              | PIEDMONT LITHIUM                         | CUSIP: 72016P105<br>LEI: 254900QJ73581MY1JN11 | Long             | EC               | CORP              | US        |     60921 | NS      | $3512704.86   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversey Holdings Ltd                             | DIVERSEY HOLDING                         | CUSIP: G28923103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    273035 | NS      | $1403399.90   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Westrock Co                                       | WESTROCK CO                              | CUSIP: 96145D105<br>LEI: 5493004Z9TCQW68YVL89 | Long             | EC               | CORP              | US        |    863708 | NS      | $32751807.36  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                         | AMCOR PLC                                | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | US        |   5085560 | NS      | $62806666.00  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                                | STEEL DYNAMICS                           | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |    639232 | NS      | $66435381.76  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercer International Inc                          | MERCER INTERNATI                         | CUSIP: 588056101<br>LEI: 549300Z5IAG39VRTY874 | Long             | EC               | CORP              | US        |    145319 | NS      | $2005402.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Livent Corp                                       | LIVENT CORP                              | CUSIP: 53814L108<br>LEI: 254900OOLQ2VNMZTJL47 | Long             | EC               | CORP              | US        |    547141 | NS      | $15314476.59  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                                     | MATERION CORP                            | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     69218 | NS      | $5576202.08   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PureCycle Technologies Inc                        | PURECYCLE TECHNO                         | CUSIP: 74623V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    274128 | NS      | $1902448.32   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                                  | COEUR MINING INC                         | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    966263 | NS      | $3381920.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund           | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |     30819 | NS      | $3081549.61   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                                     | HUNTSMAN CORP                            | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |    603446 | NS      | $16763729.88  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corp                                    | NEWMARKET CORP                           | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |     26044 | NS      | $8230424.88   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co                      | RELIANCE STEEL                           | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |    209728 | NS      | $44313429.12  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                                          | FMC CORP                                 | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |    426330 | NS      | $55695751.20  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corp                                     | INGEVITY CORP                            | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |    131321 | NS      | $10278494.67  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The                         | SCOTTS MIRACLE                           | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |    140547 | NS      | $7860793.71   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                         | BALL CORP                                | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |   1082479 | NS      | $60705422.32  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Amyris Inc                                        | AMYRIS INC                               | CUSIP: 03236M200<br>LEI: 549300BG17WCUK6EIM58 | Long             | EC               | CORP              | US        |    597347 | NS      | $1033410.31   | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| United States Steel Corp                          | US STEEL CORP                            | CUSIP: 912909108<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | EC               | CORP              | US        |    669855 | NS      | $17610487.95  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                                | CROWN HOLDINGS I                         | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |    416532 | NS      | $34243095.72  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc                    | AIR PRODS & CHEM                         | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |    750901 | NS      | $232899454.16 | 5.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                               | VULCAN MATERIALS                         | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |    449947 | NS      | $82488783.51  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                                      | BALCHEM CORP                             | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |    108641 | NS      | $15296652.80  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                               | AVERY DENNISON                           | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |    276698 | NS      | $53494024.34  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                                       | AVIENT CORP                              | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |    308773 | NS      | $10686633.53  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TriMas Corp                                       | TRIMAS CORP                              | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |    143934 | NS      | $3936594.90   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp                                     | WESTLAKE CORP                            | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |    130170 | NS      | $14012800.50  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Glatfelter Corp                                   | GLATFELTER CORP                          | CUSIP: 377320106<br>LEI: 549300LDQLQBT38QDY28 | Long             | EC               | CORP              | US        |    152981 | NS      | $530844.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                                        | NUCOR CORP                               | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |    900859 | NS      | $135083807.05 | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp                              | QUAKER CHEMICAL                          | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |     42351 | NS      | $8334253.29   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co                      | GRAPHIC PACKAGIN                         | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1044041 | NS      | $23992062.18  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                                   | HECLA MINING CO                          | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |   1882287 | NS      | $10258464.15  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                                      | HB FULLER CO                             | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |    179349 | NS      | $14403518.19  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                                | PPG INDS INC                             | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |    799799 | NS      | $108148820.78 | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp                                      | SYLVAMO CORP                             | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |    134257 | NS      | $7261961.13   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaiser Aluminum Corp                              | KAISER ALUMINUM                          | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53681 | NS      | $4852762.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Intrepid Potash Inc                               | INTREPID POTASH                          | CUSIP: 46121Y201<br>LEI: 549300OZ696E2PRRTO45 | Long             | EC               | CORP              | US        |     36742 | NS      | $1324549.10   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal Inc                              | WARRIOR MET COAL                         | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |    174423 | NS      | $6422254.86   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Arconic Corp                                      | ARCONIC CORP                             | CUSIP: 03966V107<br>LEI: 549300B4YFWH3U74B152 | Long             | EC               | CORP              | US        |    358573 | NS      | $8544794.59   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Industries Inc                        | WORTHINGTON INDS                         | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |    109890 | NS      | $6235158.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                           | ATI INC                                  | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |    419729 | NS      | $12805931.79  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co                               | EASTMAN CHEMICAL                         | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |    436525 | NS      | $37811795.50  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co/The                                   | CHEMOURS CO                              | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |    525792 | NS      | $16325841.60  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Metallurgical Resources Inc                 | ALPHA METALLURGI                         | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60070 | NS      | $10285786.10  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                        | ALCOA CORP                               | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    625039 | NS      | $31333205.07  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Pactiv Evergreen Inc                              | PACTIV EVERGREEN                         | CUSIP: 69526K105<br>LEI: 894500GNKGJRUSH1F791 | Long             | EC               | CORP              | US        |    151421 | NS      | $1762540.44   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co                                         | STEPAN CO                                | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |     75670 | NS      | $8442501.90   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| LSB Industries Inc                                | LSB INDUS INC                            | CUSIP: 502160104<br>LEI: 5493001H215A0HG0MI71 | Long             | EC               | CORP              | US        |    172521 | NS      | $2661999.03   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund           | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |    327954 | NS      | $327921.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances Inc            | INTL FLVR & FRAG                         | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |    863075 | NS      | $91330596.50  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                                 | MP MATERIALS COR                         | CUSIP: 553368101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    270740 | NS      | $9002105.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                                    | APTARGROUP INC                           | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |    221927 | NS      | $23555331.78  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                              | FREEPORT-MCMORAN                         | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |   4906377 | NS      | $195273804.60 | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramaco Resources Inc                              | RAMACO RESOURCES                         | CUSIP: 75134P303<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |     74646 | NS      | $854696.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                                         | OLIN CORP                                | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    487563 | NS      | $27781339.74  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                        | CF INDUSTRIES HO                         | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    706109 | NS      | $76393932.71  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV                      | LYONDELLBASELL-A                         | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | US        |    887336 | NS      | $75432433.36  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Myers Industries Inc                              | MYERS INDS INC                           | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |    103706 | NS      | $2420498.04   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ginkgo Bioworks Holdings Inc                      | GINKGO BIOWORKS                          | CUSIP: 37611X100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2780847 | NS      | $5533885.53   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Sherwin-Williams Co/The                           | SHERWIN-WILLIAMS                         | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |    836679 | NS      | $208483673.22 | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Materials Inc                              | SUMMIT MATERIA-A                         | CUSIP: 86614U100<br>LEI: 549300XNOLX5GIOSO108 | Long             | EC               | CORP              | US        |    400134 | NS      | $12120058.86  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corp                                        | CABOT CORP                               | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |    190831 | NS      | $14048978.22  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                                    | ALBEMARLE CORP                           | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |    396496 | NS      | $110221923.04 | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                              | CLEVELAND-CLIFFS                         | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |   1775535 | NS      | $27485281.80  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                              | COMMERCIAL METAL                         | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    412241 | NS      | $20290502.02  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SunCoke Energy Inc                                | SUNCOKE ENERGY I                         | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |    280662 | NS      | $2374400.52   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                        | SENSIENT TECHNOL                         | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |    141997 | NS      | $10608595.87  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Berry Global Group Inc                            | BERRY GLOBAL GRO                         | CUSIP: 08579W103<br>LEI: 549300G6KKUMMXM8NH73 | Long             | EC               | CORP              | US        |    440947 | NS      | $25839494.20  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings PLC                               | TRONOX HOLDING                           | CUSIP: G9087Q102<br>LEI: 549300NRVC84SGJSXV06 | Long             | EC               | CORP              | US        |    393773 | NS      | $5564012.49   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corp                              | RYERSON HOLDING                          | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |     58645 | NS      | $1729441.05   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                     | MARTIN MAR MTLS                          | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |    211265 | NS      | $77424397.20  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                                       | ASHLAND INC                              | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |    173902 | NS      | $19454416.74  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc                         | MINERALS TECH                            | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |    111764 | NS      | $6738251.56   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc                             | DUPONT DE NEMOUR                         | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |   1722319 | NS      | $121440712.69 | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                                       | HAWKINS INC                              | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |     65086 | NS      | $2707577.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America                         | PACKAGING CORP                           | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |    317280 | NS      | $43115179.20  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Co                                | SONOCO PRODUCTS                          | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |    329547 | NS      | $20224299.39  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Engineered Carbons SA                       | ORION ENGINEERED                         | CUSIP: L72967109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    206516 | NS      | $3878370.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecovyst Inc                                       | ECOVYST INC                              | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    268541 | NS      | $2494745.89   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                               | SILGAN HOLDINGS                          | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    300654 | NS      | $15904596.60  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                               | EAGLE MATERIALS                          | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |    129144 | NS      | $17607492.96  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp                            | LOUISIANA-PACIFI                         | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |    277727 | NS      | $17718982.60  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc                              | KOPPERS HOLDINGS                         | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71682 | NS      | $2135406.78   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                        | ECOLAB INC                               | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |    870394 | NS      | $130411133.02 | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd                        | AXALTA COATING S                         | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | US        |    749189 | NS      | $20108232.76  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Greif Inc                                         | GREIF INC-CL A                           | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |     89782 | NS      | $6312572.42   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranpak Holdings Corp                              | RANPAK HOLDINGS                          | CUSIP: 75321W103<br>LEI: 5493000Z9EZR9DCYOO86 | Long             | EC               | CORP              | US        |    145469 | NS      | $786987.29    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AdvanSix Inc                                      | ADVANSIX INC                             | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |     95507 | NS      | $3931068.12   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                                     | VALVOLINE INC                            | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |    603017 | NS      | $19887500.66  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                             | RPM INTL INC                             | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    438693 | NS      | $45457368.66  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Everarc Holdings Ltd                              | PERIMETER SOLUTIONS SA                   | CUSIP: L7579L106<br>LEI: 213800HX5NY11VG7GW55 | Long             | EC               | CORP              | US        |    494817 | NS      | $5363816.28   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                     | MOSAIC CO/THE                            | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |   1225485 | NS      | $62867380.50  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chase Corp                                        | CHASE CORP                               | CUSIP: 16150R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27113 | NS      | $2575735.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinseo PLC                                       | TRINSEO PLC                              | CUSIP: G9059U107<br>LEI: 549300TJ3HIGDA2Z8315 | Long             | EC               | CORP              | US        |     98233 | NS      | $2421443.45   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                       | CORTEVA INC                              | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |   2450511 | NS      | $164576318.76 | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                                   | SEALED AIR CORP                          | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |    494551 | NS      | $26324949.73  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Danimer Scientific Inc                            | DANIMER SCIENTIF                         | CUSIP: 236272100<br>LEI: 549300L6Q02MAX72BH35 | Long             | EC               | CORP              | US        |    313484 | NS      | $833867.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Aspen Aerogels Inc                                | ASPEN AEROGELS I                         | CUSIP: 04523Y105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110367 | NS      | $1331026.02   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                                     | CELANESE CORP                            | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |    367052 | NS      | $39384679.60  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                      | NEWMONT CORP                             | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |   2687090 | NS      | $127556162.30 | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                         | LINDE PLC                                | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | US        |   1702108 | NS      | $572725299.84 | 13.93%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

**Name of Applicant:** VANGUARD WORLD FUND

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer